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Dan Ellis Qualifying Offer

A $715,000 qualifying offer is required to retain the RFA rights of Dan Ellis. 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:Jan. 13, 2013
LAST YEAR:2013
ANNUAL AVERAGE:$800,000

Salary Calculation

PREVIOUS SALARY:$650,000
SIGNING BONUS:$0
BASE SALARY:$650,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$715,000