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Torrey Mitchell Qualifying Offer

A $550,000 qualifying offer is required to retain the RFA rights of Torrey Mitchell. A two-way qualifying offer is permitted since Mitchell 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.

Reference Contract

SIGNING DATE:Mar. 19, 2007
LAST YEAR:2009
ANNUAL AVERAGE:$725,000

Salary Calculation

PREVIOUS SALARY:$715,000
SIGNING BONUS:$215,000
BASE SALARY:$500,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$550,000

Type Determination

GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:4
GP REQUIRED PREVIOUS 3 SEASONS:180
TOTAL GP PREVIOUS 3 SEASONS:99
CLEARED WAIVERS LAST SEASON: No
QUALIFYING OFFER TYPE: Two-Way