Get CapFriendly PremiumGet CapFriendly Premium

Jake Bean Qualifying Offer

A $2,800,000 qualifying offer is required to retain the RFA rights of Jake Bean. A two-way qualifying offer is permitted since Bean has not met both the games played and waivers requirements. The qualifying offer is equal to 100% of the previous contracts final season base salary because the salary was $1,000,000 or greater. However, because this contract was signed after July 10th, 2020, and the qualifying offer would be greater than 120% of the contracts annual average (AAV), it is limited to 120% of the AAV.

Reference Contract

SIGNING DATE:Jul. 29, 2021
LAST YEAR:2024
ANNUAL AVERAGE:$2,333,333

Salary Calculation

Maximum AAV Multiplier
PREVIOUS AAV:$2,333,333
120% OF AAV MAX:$2,800,000
Final Year Salary Multiplier
PREVIOUS SALARY:$2,900,000
SIGNING BONUS:$0
BASE SALARY:$2,900,000
MULTIPLICATION FACTOR:100%
Result
QO DETERMINED FROM:120% of AAV Maximum
QUALIFYING OFFER:$2,800,000

Type Determination

GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:28
GP REQUIRED PREVIOUS 3 SEASONS:180
TOTAL GP PREVIOUS 3 SEASONS:109
CLEARED WAIVERS LAST SEASON: No
QUALIFYING OFFER TYPE: Two-Way