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Erik Portillo Qualifying Offer

A $826,875 qualifying offer is required to retain the RFA rights of Erik Portillo. 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:Apr. 22, 2023
LAST YEAR:2024
ANNUAL AVERAGE:$875,000

Salary Calculation

Maximum AAV Multiplier
PREVIOUS AAV:$875,000
120% OF AAV MAX:$1,050,000
Final Year Salary Multiplier
PREVIOUS SALARY:$875,000
SIGNING BONUS:$87,500
BASE SALARY:$787,500
MULTIPLICATION FACTOR:105%
Result
QO DETERMINED FROM:Multiplication Factor
QUALIFYING OFFER:$826,875