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Mike Hoffman Qualifying Offer

A $787,500 qualifying offer is required to retain the RFA rights of Mike Hoffman. A two-way qualifying offer is permitted since Hoffman has not met both the games played and waivers requirements. 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:Jun. 20, 2014
LAST YEAR:2015
ANNUAL AVERAGE:$750,000

Salary Calculation

PREVIOUS SALARY:$750,000
SIGNING BONUS:$0
BASE SALARY:$750,000
MULTIPLICATION FACTOR:105%
QUALIFYING OFFER:$787,500

Type Determination

GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:85
GP REQUIRED PREVIOUS 3 SEASONS:156
TOTAL GP PREVIOUS 3 SEASONS:113
CLEARED WAIVERS LAST SEASON: No
QUALIFYING OFFER TYPE: Two-Way