A $2,950,000 qualifying offer is required to retain the RFA rights of Michael Ryder. The qualifying offer must be a one-way contract since Ryder met both the games played and waivers requirements. The qualifying offer is equal to 100% of the previous contracts final season base salary because the salary was $1,000,000 or greater.
Reference Contract
SIGNING DATE:Jul. 29, 2007
LAST YEAR:2008
ANNUAL AVERAGE:$2,950,000
Salary Calculation
PREVIOUS SALARY:$2,950,000
SIGNING BONUS:$0
BASE SALARY:$2,950,000
MULTIPLICATION FACTOR:100%
QUALIFYING OFFER:$2,950,000
Type Determination
GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:74
GP REQUIRED PREVIOUS 3 SEASONS:180
TOTAL GP PREVIOUS 3 SEASONS:243
CLEARED WAIVERS LAST SEASON: No
QUALIFYING OFFER TYPE: One-Way