A $605,000 qualifying offer is required to retain the RFA rights of Philip Varone. A two-way qualifying offer is permitted since Varone 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:Mar. 19, 2012
LAST YEAR:2015
ANNUAL AVERAGE:$586,667
Salary Calculation
PREVIOUS SALARY:$595,000
SIGNING BONUS:$45,000
BASE SALARY:$550,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$605,000
Type Determination
GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:28
GP REQUIRED PREVIOUS 3 SEASONS:156
TOTAL GP PREVIOUS 3 SEASONS:37
CLEARED WAIVERS LAST SEASON: Yes
QUALIFYING OFFER TYPE: Two-Way