A $715,000 qualifying offer is required to retain the RFA rights of Matt Irwin. A two-way qualifying offer is permitted since Irwin 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. 23, 2010
LAST YEAR:2012
ANNUAL AVERAGE:$900,000
Salary Calculation
PREVIOUS SALARY:$740,000
SIGNING BONUS:$90,000
BASE SALARY:$650,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$715,000
Type Determination
GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:0
GP REQUIRED PREVIOUS 3 SEASONS:180
TOTAL GP PREVIOUS 3 SEASONS:0
CLEARED WAIVERS LAST SEASON: Yes
QUALIFYING OFFER TYPE: Two-Way