Qualifying offer for free agents set at $15.8 million

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Eric Fisher of the Sports Business Journal reports that the value of a qualifying offer for free agents this off-season has been set at $15.8 million. That represents an increase of a half-million dollars over last year’s value.

This is of particular interest with regards to the big-name free agents, including Justin Upton, Jason Heyward, Yovani Gallardo, Jordan Zimmermann, and Jeff Samardzija.

Teams that make a qualifying offer to a player that ends up being rejected receive a compensation draft pick in the upcoming draft. The team that signs the player who rejected a qualifying offer gives up their earliest non-protected draft pick.

Free agents who had been traded mid-season aren’t eligible to receive a qualifying offer. This includes Yoenis Cespedes, David Price, Johnny Cueto, and Ben Zobrist, among others.

A player has yet to accept a qualifying offer since the QO system was implemented.