A $522,500 qualifying offer is required to retain the RFA rights of Danny Taylor. 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:May 31, 2006
LAST YEAR:2009
ANNUAL AVERAGE:$508,333
Salary Calculation
PREVIOUS SALARY:$517,500
SIGNING BONUS:$42,500
BASE SALARY:$475,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$522,500