A $654,500 qualifying offer is required to retain the RFA rights of Chad Johnson. 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:Jul. 13, 2009
LAST YEAR:2011
ANNUAL AVERAGE:$850,000
Salary Calculation
PREVIOUS SALARY:$680,000
SIGNING BONUS:$85,000
BASE SALARY:$595,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$654,500