While the baseball world’s immediate focus is on the upcoming showdown between two behemoths, the offseason looms just after the World Series. One of the first key decisions for teams is whether to issue a qualifying offer to any of their impending free agents. Clubs have until the fifth day after the conclusion of the World Series to make QO decisions.
The QO is a one-year offer calculated by averaging the 125 highest salaries in MLB. This year’s price is $21.05MM. Joel Sherman of The New York Post reported in August that players who receive the QO have until November 19 to decide whether to lock in that one-year salary and return to their current team. If the player rejects and signs elsewhere, his former team would receive draft compensation. The signing club would forfeit a pick (or picks) and potentially international signing bonus space. The compensation and penalties vary depending on teams’ revenue sharing and luxury tax statuses. MLBTR’s Mark Polishuk recently examined what each team would receive if they lose a qualified free agent, and the penalties they’d pay to sign one.
No-Doubters
- Willy Adames (Brewers)
- Pete Alonso (Mets)
- Alex Bregman (Astros)
- Anthony Santander (Orioles)
- Juan Soto (Yankees)
There’s zero suspense with this quintet. They’re going to receive qualifying offers, which they’ll easily decline. Soto is on his way to a record-setting deal. Adames and Bregman are locks for nine figures. Alonso has a solid chance to get there as well. It’s tougher to envision a $100MM contract for Santander, but he shouldn’t have any issue securing three or four years at an average annual value that’s around the QO price. As revenue sharing recipients, the Brewers and Orioles will get picks after the first round in the 2025 draft (assuming Adames and Santander sign for more than $50MM). The Mets, Yankees and Astros all paid the luxury tax and would only get a pick after the fourth round if they lose their qualified free agents.
Likely Recipients
- Teoscar Hernández (Dodgers)
- Christian Walker (Diamondbacks)
We placed Hernández in the “likely” bucket last offseason when he was coming off a down year with the Mariners. Seattle opted not to make the QO and let him walk, citing a desire to cut back on the swing-and-miss profile that Hernández brings. That paved the way for the Dodgers to add him on a heavily deferred $23.5MM pillow contract. It was one of the best value signings of the winter. Hernández returned to peak form, bopping a career-best 33 homers with a .272/.339/.501 line through 652 plate appearances. That’s more than enough power to live with a few strikeouts and a fringy defensive profile in the corner outfield.
The cherry on top for L.A. is that Hernández remains eligible for the QO in his return to free agency. The Dodgers could accommodate a $21MM salary in the unlikely event that he accepts. As luxury tax payors, they’d only receive a pick after the fourth round in next year’s draft if he declines and walks. That minimal compensation is the biggest reason Hernández isn’t a lock, but he’s very likely to decline the QO in search of three or four years. The downside if he accepts is that he returns at a similar price point to the one Los Angeles offered coming off a rough season. Opting against the QO only makes sense if the Dodgers are fully committed to giving Andy Pages a look in left field next season.
Walker has seized upon a late-career opportunity with the Diamondbacks to develop into one of the sport’s best first basemen. He’s a Gold Glove caliber defender who topped 30 homers in both 2022 and ’23. He’d have gotten there again this season if not for an oblique injury that cost him the entire month of August. Walker had to “settle” for 26 homers with a .251/.335/.468 slash over 130 games.
The South Carolina product turns 34 just after Opening Day. He’s looking at four years at most and could wind up signing for two or three seasons. That could come at a comparable AAV to the qualifying offer price, though, and this is likely Walker’s only chance to really cash in on a multi-year contract. He’d likely decline a QO. If he didn’t, the D-Backs should be happy to have him back for another season at just over $21MM. The majority of MLBTR readers agree; more than 70% of respondents in a poll over the weekend opined that the Diamondbacks should make the offer.
Long Shots
- Paul Goldschmidt (Cardinals)
- Ha-Seong Kim (Padres)
- Tyler O’Neill (Red Sox)
- Jurickson Profar (Padres)
- Gleyber Torres (Yankees)
It’s tough to see a qualifying offer for anyone in this group. Goldschmidt is the least likely. The Cardinals are entering a retooling year and he’s coming off the worst season of his career. The former MVP hit better in the second half than he did in the first. He should land a strong one-year deal but isn’t likely to get to $21MM.
Kim looked like a lock for the QO before suffering a late-season labrum injury in his throwing shoulder. He underwent surgery that’ll almost certainly sideline him into the early part of next year. There’s a decent chance he’d accept, which isn’t a great outcome for a Padres team that may enter the offseason already up against the budget. Payroll is a similar concern regarding Profar, who is coming off easily the best season of his career. He’s been wildly inconsistent throughout his decade-plus in the big leagues. San Diego baseball operations president A.J. Preller loves Profar, but $21MM+ is a lot for a team with a massive arbitration class and needs at shortstop and in the rotation. The Padres could try to bring him back for three or four years at a lesser annual hit.
O’Neill had a productive season for the Sox, hitting 31 homers with a .241/.336/.511 slash. He added three more IL stints to his lengthy career injury history, though, and the overwhelming majority of his production came against left-handed pitching. O’Neill’s righty bat provides a nice balance in a Boston lineup that skews heavily to the left side, but the QO price feels steep for this profile. There’s a strong chance he’d accept.
Torres would not have warranted a mention on this list a couple months ago. He had an excellent finish to the regular season (.306/.375/.417 after August 1) and has a .297/.400/.432 slash with more walks than strikeouts in October. That’s enough to at least get him back on the radar, but a QO still feels like a stretch. He’s a poor defensive second baseman whose overall season line — .257/.330/.378 in 665 plate appearances — was essentially league average.
At the trade deadline, the Yankees seemed set to turn the keystone to Jazz Chisholm Jr. and let Torres walk. They could keep Chisholm at the hot corner, but they’d need to overlook the flaws Torres showed for a good portion of the regular season. There’s a strong chance he’d accept a QO, which would put the Yanks on the hook for more than $44MM after accounting for the corresponding luxury tax hit. Tying that money up a week into an offseason where they’ll face a massive bidding war on Soto probably isn’t happening. That’s especially true since the compensation they’d receive if Torres declines (a pick after the fourth round) isn’t particularly valuable.
Ineligible
Players traded midseason or who have already received the qualifying offer in their career are ineligible for the QO. That’s largely a moot point with regard to the position player class, as no one from this group was likely to receive one anyways. Bellinger probably won’t opt out of the two years and $50MM left on his deal with the Cubs. Conforto and Pederson would’ve been fringe candidates at best even if they hadn’t received the offer earlier in their careers.