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Joel Hofer Qualifying Offer

A $813,750 qualifying offer is required to retain the RFA rights of Joel Hofer. 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:Jan. 2, 2023
LAST YEAR:2025
ANNUAL AVERAGE:$775,000

Salary Calculation

Maximum AAV Multiplier
PREVIOUS AAV:$775,000
120% OF AAV MAX:$930,000
Final Year Salary Multiplier
PREVIOUS SALARY:$775,000
SIGNING BONUS:$0
BASE SALARY:$775,000
MULTIPLICATION FACTOR:105%
Result
QO DETERMINED FROM:Multiplication Factor
QUALIFYING OFFER:$813,750