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Sam Steel Qualifying Offer

A $917,831 qualifying offer is required to retain the RFA rights of Sam Steel. The qualifying offer must be a one-way contract since Steel 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:Aug. 6, 2021
LAST YEAR:2022
ANNUAL AVERAGE:$874,125

Salary Calculation

Maximum AAV Multiplier
PREVIOUS AAV:$874,125
120% OF AAV MAX:$1,048,950
Final Year Salary Multiplier
PREVIOUS SALARY:$874,125
SIGNING BONUS:$0
BASE SALARY:$874,125
MULTIPLICATION FACTOR:105%
Result
QO DETERMINED FROM:Multiplication Factor
QUALIFYING OFFER:$917,831

Type Determination

GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:68
GP REQUIRED PREVIOUS 3 SEASONS:152
TOTAL GP PREVIOUS 3 SEASONS:175
CLEARED WAIVERS LAST SEASON: No
QUALIFYING OFFER TYPE: One-Way