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Joel Hofer Qualifying Offer

A $787,500 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:Mar. 21, 2019
LAST YEAR:2023
ANNUAL AVERAGE:$910,833

Salary Calculation

PREVIOUS SALARY:$750,000
SIGNING BONUS:$0
BASE SALARY:$750,000
MULTIPLICATION FACTOR:105%
QUALIFYING OFFER:$787,500