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Keith Petruzzelli Qualifying Offer

A $813,750 qualifying offer is required to retain the RFA rights of Keith Petruzzelli. 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:Nov. 6, 2022
LAST YEAR:2024
ANNUAL AVERAGE:$817,500

Salary Calculation

Maximum AAV Multiplier
PREVIOUS AAV:$817,500
120% OF AAV MAX:$981,000
Final Year Salary Multiplier
PREVIOUS SALARY:$855,000
SIGNING BONUS:$80,000
BASE SALARY:$775,000
MULTIPLICATION FACTOR:105%
Result
QO DETERMINED FROM:Multiplication Factor
QUALIFYING OFFER:$813,750