What is the formula for calculating the Set Off?

The correct formula for calculating the Set Off is determined by the interactions between a new contract and the minimum salary based on the player's years of service. In this case, the formula involves taking the new contract amount and subtracting the minimum salary for one year of service, and then dividing that result by two.

This method reflects the adjustments needed in the context of offset provisions in player contracts, which aim to balance the financial responsibilities of teams when a player has a new contract. By using the minimum salary for one year of service, this calculation ensures that players receive an equitable adjustment that acknowledges their experience while also taking into account the value of their new contract.

The other choices involve incorrect calculations either by addition instead of subtraction or by referencing the average salary instead of the minimum salary for one year of service. These incorrect methods fail to align with the established rules for calculating Set Off provisions, thus making them invalid options.