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Jeff Petry Qualifying Offer

A $803,250 qualifying offer is required to retain the RFA rights of Jeff Petry. A two-way qualifying offer is permitted since Petry has not met both the games played and waivers requirements. 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:Mar. 29, 2010
LAST YEAR:2012
ANNUAL AVERAGE:$1,000,000

Salary Calculation

PREVIOUS SALARY:$850,000
SIGNING BONUS:$85,000
BASE SALARY:$765,000
MULTIPLICATION FACTOR:105%
QUALIFYING OFFER:$803,250

Type Determination

GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:73
GP REQUIRED PREVIOUS 3 SEASONS:180
TOTAL GP PREVIOUS 3 SEASONS:108
CLEARED WAIVERS LAST SEASON: No
QUALIFYING OFFER TYPE: Two-Way