A $715,000 qualifying offer is required to retain the RFA rights of Ken Appleby. 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:Oct. 4, 2015
LAST YEAR:2018
ANNUAL AVERAGE:$635,000
Salary Calculation
PREVIOUS SALARY:$690,000
SIGNING BONUS:$40,000
BASE SALARY:$650,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$715,000