A $522,500 qualifying offer is required to retain the RFA rights of John Curry. 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. 13, 2007
LAST YEAR:2009
ANNUAL AVERAGE:$500,000
Salary Calculation
PREVIOUS SALARY:$500,000
SIGNING BONUS:$25,000
BASE SALARY:$475,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$522,500