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Steve Michalek Qualifying Offer

A $750,750 qualifying offer is required to retain the RFA rights of Steve Michalek. 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:Jul. 10, 2017
LAST YEAR:2018
ANNUAL AVERAGE:$715,000

Salary Calculation

PREVIOUS SALARY:$715,000
SIGNING BONUS:$0
BASE SALARY:$715,000
MULTIPLICATION FACTOR:105%
QUALIFYING OFFER:$750,750