Spencer Knight Qualifying Offer

A $874,125 qualifying offer is required to retain the RFA rights of Spencer Knight. 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:Mar. 31, 2021
LAST YEAR:2023
ANNUAL AVERAGE:$2,491,667

Salary Calculation

Maximum AAV Multiplier
PREVIOUS AAV:$2,491,667
120% OF AAV MAX:$2,990,000
Final Year Salary Multiplier
PREVIOUS SALARY:$925,000
SIGNING BONUS:$92,500
BASE SALARY:$832,500
MULTIPLICATION FACTOR:105%
Result
QO DETERMINED FROM:Multiplication Factor
QUALIFYING OFFER:$874,125