The deadline for teams to offer players leads on free agency was Thursday at 5 p.m. ET. It’s a one-year, $19.65 million deal to remain in place for the 2023 season. Players are free to accept the offer and stay with the team for at least one more year, or to decline the offer and kill free agency.
For the first few years under this system, every single player declined qualifying offers, but recently we’ve seen some players take the free agency trial with draft compensation instead accepting it.
Speaking of which, we’ll kick those compensation rules down further.
Players eligible to receive a qualifying offer are those who spent the entire 2022 season with the same team before hitting free agency at the conclusion of the World Series and had not previously received a qualifying offer.
The following teams have chosen to extend the qualifying offer to the following players:
Not every other player listed as a free agent is tied to a qualifying offer. Here are our top 50 free agents,
The players listed above have until 20 November to accept or decline the offer. If a player declines the qualifying offer and signs with a new team, here’s what happens (Here’s a take from a full explainer written by Mike Axisa,
Team losing players:
- Player signs a contract of $50 million or less: Choose Draft after Competitive Balance Round B (before the third round).
- Players signed contracts worth over $50 million: Choose the draft after the first round.
- The former team pays the competitive balance tax: Choose drafts after the fourth round, regardless of the size of the contract.
Team Signing Player:
- Signing Team Paid CBT: Seize the second and fifth largest draft, plus $1 million in international bonus money.
- The signing team got revenue sharing money: Seize the third highest draft pick.
- All other teams: Seize the second largest draft pick and $500,000 in international bonus money.
Published at www.cbssports.com