A $715,000 qualifying offer is required to retain the RFA rights of Jamie Phillips. 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:Jul. 2, 2016
LAST YEAR:2018
ANNUAL AVERAGE:$675,000
Salary Calculation
PREVIOUS SALARY:$712,500
SIGNING BONUS:$62,500
BASE SALARY:$650,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$715,000