A $660,000 qualifying offer is required to retain the RFA rights of Garret Sparks. 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:Mar. 20, 2013
LAST YEAR:2016
ANNUAL AVERAGE:$770,000
Salary Calculation
PREVIOUS SALARY:$670,000
SIGNING BONUS:$70,000
BASE SALARY:$600,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$660,000