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Tanner Richard Qualifying Offer

A $650,000 qualifying offer is required to retain the RFA rights of Tanner Richard. A two-way qualifying offer is permitted since Richard 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. However, the qualifying offer is increased to meet the league-wide minimum salary requirement.

Reference Contract

SIGNING DATE:May 22, 2016
LAST YEAR:2017
ANNUAL AVERAGE:$575,000

Salary Calculation

PREVIOUS SALARY:$575,000
SIGNING BONUS:$0
BASE SALARY:$575,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$650,000 (SEASON MINIMUM SALARY)

Type Determination

GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:3
GP REQUIRED PREVIOUS 3 SEASONS:180
TOTAL GP PREVIOUS 3 SEASONS:3
CLEARED WAIVERS LAST SEASON: Yes
QUALIFYING OFFER TYPE: Two-Way