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Jeremy Smith Qualifying Offer

A $726,000 qualifying offer is required to retain the RFA rights of Jeremy Smith. 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. 16, 2012
LAST YEAR:2013
ANNUAL AVERAGE:$660,000

Salary Calculation

PREVIOUS SALARY:$660,000
SIGNING BONUS:$0
BASE SALARY:$660,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$726,000