A $1,900,000 qualifying offer is required to retain the RFA rights of Mike Ribeiro. A two-way qualifying offer is permitted since Ribeiro has not met both the games played and waivers requirements. The qualifying offer is equal to 100% of the previous contracts final season base salary because the salary was $1,000,000 or greater.
Reference Contract
SIGNING DATE:Jul. 6, 2006
LAST YEAR:2007
ANNUAL AVERAGE:$1,900,000
Salary Calculation
PREVIOUS SALARY:$1,900,000
SIGNING BONUS:$0
BASE SALARY:$1,900,000
MULTIPLICATION FACTOR:100%
QUALIFYING OFFER:$1,900,000
Type Determination
GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:88
GP REQUIRED PREVIOUS 3 SEASONS:180
TOTAL GP PREVIOUS 3 SEASONS:173
CLEARED WAIVERS LAST SEASON: Yes
QUALIFYING OFFER TYPE: Two-Way