Qualifying Offers Will Be Worth $13.3MM

OCTOBER 20: It has been determined that qualifying offers need to be worth $13.3MM this offseason, reports Jon Heyman of CBSSports.com (on Twitter).

AUGUST 1: Qualifying offers for free agents will be in the $13.3-$13.4MM range, ESPN.com's Buster Olney reports (on Twitter). The value of the qualifying offers is based on the salaries of the 125 best-paid MLB players, and had been expected to fall in the $12.5MM range.

Teams must make free agents qualifying offers to be eligible for draft pick compensation. Teams obtain one supplementary round draft pick if a player turns down a qualifying offer to sign elsewhere. I explained qualifying offers in detail earlier this year.

Mike Axisa contributed to this post.

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