SalarySwishSalarySwish

Michael Lee Qualifying Offer

A $660,000 qualifying offer is required to retain the RFA rights of Michael Lee. 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:Mar. 29, 2012
LAST YEAR:2015
ANNUAL AVERAGE:$908,333

Salary Calculation

PREVIOUS SALARY:$690,000
SIGNING BONUS:$90,000
BASE SALARY:$600,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$660,000