Free agency is officially underway

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As of 12:01 a.m. ET this morning, MLB free agency was officially open for business.

Free agents are now free to negotiate and sign with any team. Zack Greinke and Josh Hamilton headline this year’s crop, which isn’t nearly as impressive as ones we have seen in the past. Still, many believe that we could see some wild spending this winter, as the game is thriving and new television deals will put significant money in the pockets of each team.

You may have noticed yesterday that a handful of players received one-year, $13.3 million qualifying offers from their respective teams. Aaron has the full list here. The reason teams did that was to secure draft pick compensation if those players sign elsewhere. We’ll know by next Friday whether the offers have been accepted or declined.

In the past, most of the activity in the Hot Stove took place during the Winter Meetings in early December (this year it’s December 3-6 in Nashville), but it will be interesting to see if things develop more quickly this offseason. Under the previous collective bargaining agreement, teams were not required to offer arbitration to their free agents until the latter part of November. For instance, last year the deadline was November 23. This year’s qualifying offer deadline was three weeks earlier.

Craig has a thorough run-down of free agency here while Matthew ranked his top 50 free agents here.

Report: Rangers’ deal with Seung-hwan Oh is off

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The Rangers will not sign free agent reliever Seung-hwan Oh after all. Reports from MLB.com’s TR Sullivan indicate that negotiations were brought to a halt after a physical issue was found with the pitcher. While the specifics have yet to be released, Evan Grant of the Dallas Morning News says the issue was revealed on an MRI of the right-hander’s arm.

Oh was thought to be in talks with the Rangers last week, though a deal was never officially announced by the club. The 35-year-old righty is fresh off of a two-year run with the Cardinals, during which he posted a cumulative 39 saves, 2.85 ERA, 2.1 BB/9 and 10.2 SO/9 in 139 innings. He struggled with consistency in his sophomore season, however, and finished 2017 with a disappointing 4.10 ERA and 4.44 FIP in 62 appearances for the team.

While Oh hasn’t experienced any setbacks with his arm in the majors so far, he does have a history of prior injuries during his time in KBO. He sustained a shoulder injury in 2009 and underwent surgery to remove bone spurs from his elbow in 2010. It’s possible that the Rangers saw an entirely different problem on the MRI, but clearly it was enough to give them strong reservations about inking the righty to a $2.75+ million deal. It’s still possible that another of Oh’s suitors will offer him a contract prior to Opening Day; the Giants were rumored to be interested in the veteran reliever, among other teams, though their recent acquisition of lefty reliever Tony Watson will likely take them out of the running now.