A $550,000 qualifying offer is required to retain the RFA rights of Carter Hutton. The qualifying offer is equal to 110% of the previous contracts final season base salary because the salary was $600,000 or less.
Reference Contract
SIGNING DATE:Apr. 26, 2010
LAST YEAR:2011
ANNUAL AVERAGE:$600,000
Salary Calculation
PREVIOUS SALARY:$560,000
SIGNING BONUS:$60,000
BASE SALARY:$500,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$550,000