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Steven Lorentz Qualifying Offer

A $735,000 qualifying offer is required to retain the RFA rights of Steven Lorentz. A two-way qualifying offer is permitted since Lorentz has not 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:Apr. 21, 2017
LAST YEAR:2020
ANNUAL AVERAGE:$728,333

Salary Calculation

PREVIOUS SALARY:$760,000
SIGNING BONUS:$60,000
BASE SALARY:$700,000
MULTIPLICATION FACTOR:105%
QUALIFYING OFFER:$735,000

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