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Patrick Cannone Qualifying Offer

A $605,000 qualifying offer is required to retain the RFA rights of Patrick Cannone. A two-way qualifying offer is permitted since Cannone 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:Apr. 8, 2011
LAST YEAR:2012
ANNUAL AVERAGE:$600,000

Salary Calculation

PREVIOUS SALARY:$600,000
SIGNING BONUS:$50,000
BASE SALARY:$550,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$605,000

Type Determination

GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:0
GP REQUIRED PREVIOUS 3 SEASONS:180
TOTAL GP PREVIOUS 3 SEASONS:0
CLEARED WAIVERS LAST SEASON: Yes
QUALIFYING OFFER TYPE: Two-Way