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Derek Grant Qualifying Offer

A $660,000 qualifying offer is required to retain the RFA rights of Derek Grant. A two-way qualifying offer is permitted since Grant has not met both the games played and waivers requirements. 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. 16, 2011
LAST YEAR:2014
ANNUAL AVERAGE:$605,000

Salary Calculation

PREVIOUS SALARY:$660,000
SIGNING BONUS:$60,000
BASE SALARY:$600,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$660,000

Type Determination

GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:20
GP REQUIRED PREVIOUS 3 SEASONS:156
TOTAL GP PREVIOUS 3 SEASONS:25
CLEARED WAIVERS LAST SEASON: Yes
QUALIFYING OFFER TYPE: Two-Way