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Mike Santorelli Qualifying Offer

A $682,000 qualifying offer is required to retain the RFA rights of Mike Santorelli. A two-way qualifying offer is permitted since Santorelli has not met both the games played and waivers requirements. 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:Jul. 2, 2007
LAST YEAR:2010
ANNUAL AVERAGE:$591,667

Salary Calculation

PREVIOUS SALARY:$620,000
SIGNING BONUS:$0
BASE SALARY:$620,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$682,000

Type Determination

GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:25
GP REQUIRED PREVIOUS 3 SEASONS:180
TOTAL GP PREVIOUS 3 SEASONS:32
CLEARED WAIVERS LAST SEASON: No
QUALIFYING OFFER TYPE: Two-Way