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Derek Stepan Qualifying Offer

A $826,875 qualifying offer is required to retain the RFA rights of Derek Stepan. The qualifying offer must be a one-way contract since Stepan met both the games played and waivers requirements. The qualifying offer is equal to 105% of the previous contracts final season base salary because the salary was greater than $600,000 and less than $1,000,000.

Reference Contract

SIGNING DATE:Jun. 9, 2010
LAST YEAR:2013
ANNUAL AVERAGE:$875,000

Salary Calculation

PREVIOUS SALARY:$875,000
SIGNING BONUS:$87,500
BASE SALARY:$787,500
MULTIPLICATION FACTOR:105%
QUALIFYING OFFER:$826,875

Type Determination

GP REQUIRED LAST SEASON:36
TOTAL GP LAST SEASON:60
GP REQUIRED PREVIOUS 3 SEASONS:156
TOTAL GP PREVIOUS 3 SEASONS:249
CLEARED WAIVERS LAST SEASON: No
QUALIFYING OFFER TYPE: One-Way