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Joe Cannata Qualifying Offer

A $850,500 qualifying offer is required to retain the RFA rights of Joe Cannata. 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. 21, 2012
LAST YEAR:2014
ANNUAL AVERAGE:$900,000

Salary Calculation

PREVIOUS SALARY:$900,000
SIGNING BONUS:$90,000
BASE SALARY:$810,000
MULTIPLICATION FACTOR:105%
QUALIFYING OFFER:$850,500