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Jeff Frazee Qualifying Offer

A $550,000 qualifying offer is required to retain the RFA rights of Jeff Frazee. 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

LAST YEAR:2011
ANNUAL AVERAGE:$541,667

Salary Calculation

PREVIOUS SALARY:$550,000
SIGNING BONUS:$50,000
BASE SALARY:$500,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$550,000