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Justin Peters Qualifying Offer

A $550,000 qualifying offer is required to retain the RFA rights of Justin Peters. 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:Jul. 8, 2009
LAST YEAR:2010
ANNUAL AVERAGE:$500,000

Salary Calculation

PREVIOUS SALARY:$500,000
SIGNING BONUS:$0
BASE SALARY:$500,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$550,000