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Mike Condon Qualifying Offer

A $660,000 qualifying offer is required to retain the RFA rights of Mike Condon. 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:May 12, 2013
LAST YEAR:2015
ANNUAL AVERAGE:$925,000

Salary Calculation

PREVIOUS SALARY:$692,500
SIGNING BONUS:$92,500
BASE SALARY:$600,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$660,000