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Two of 10 players accept $17.8 million qualifying offers

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First baseman José Abreu and starter Jake Odorizzi have accepted their $17.8 million qualifying offers from the White Sox and Twins, respectively, ESPN’s Jeff Passan reports. Reliever Will Smith signed a three-year contract with the Braves ahead of Thursday’s 5 PM ET deadline to accept or reject the qualifying offer.

The remaining seven players — Gerrit Cole, Anthony Rendon, Stephen Strasburg, Zack Wheeler, Madison Bumgarner, Josh Donaldson, and Marcell Ozuna — have rejected their qualifying offers, per Passan. They are officially free agents and will have draft pick compensation attached to them, a potential deterrent for some interested teams.

The QO is unlikely to materially affect the fates of Cole, Rendon, and Strasburg, but it could limit the markets for the other four players. Reliever Craig Kimbrel and starter Dallas Keuchel both had draft pick compensation attached to them after the 2018 season and didn’t end up signing until June. It seems unlikely that Wheeler, Bumgarner, Donaldson, and Ozuna would have to wait until June next year to sign but it may take a while for their markets to develop.

Cubs sign Jeremy Jeffress

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The Chicago Cubs have signed reliever Jeremy Jeffress to a one-year, $850,000 deal.

While Jeffress is coming off a bad year — due mostly to hip and shoulder problems — this is a surprisingly low figure for Jeffress, who was said to have had a “sizable market” last September, with the Mets, Phillies, Reds, and Rays all rumored to be in on him. It’s also worth noting that he is just a year removed from an excellent 1.29 ERA season with the Brewers. He is reported to be eligible for $200,000 in incentives, which could bring this deal closer to what a reliever of his caliber’s going rate might be.

As for the Cubs, they haven’t been particularly active this offseason — indeed, this is their first free agent acquisition — but I suppose we should give them credit for buying low on a guy who should probably be able to help their bullpen.