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Michael Leighton Qualifying Offer

A $495,000 qualifying offer is required to retain the RFA rights of Michael Leighton. 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. 13, 2006
LAST YEAR:2007
ANNUAL AVERAGE:$450,000

Salary Calculation

PREVIOUS SALARY:$450,000
SIGNING BONUS:$0
BASE SALARY:$450,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$495,000