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