Reds Make Qualifying Offer To Choo, Not Arroyo

3:31pm: Reds assistant director of media relations Jamie Ramsey confirms that Choo has received a qualifying offer and Arroyo has not.

3:22pm: MLB.com's Mark Sheldon reports that the Reds have officially extended a qualifying offer to Shin-Soo Choo.

Choo, 31, batted .285/.423/.462 with 21 homers and 20 stolen bases in his lone season with the Reds. The Reds' decision to make him a qualifying offer comes as little surprise, given his status as one of the market's most highly regarded free agents (he ranked No. 3 on MLBTR's Top 50).

MLBTR owner Tim Dierkes projected a six-year, $100MM contract in his free agent profile for Choo, predicting that Choo's sky-high on-base percentage (he ranked fourth in MLB) and agent Scott Boras' negotiating skills would outweigh Choo's problems against left-handed pitching and defensive question marks.

1:36pm: The Reds will not make a qualifying offer to right-hander Bronson Arroyo, according to Jon Heyman of CBS Sports. The lack of a qualifying offer is good news for Arroyo and agent Terry Bross of Gaylord Sports Management, as interested teams won't be required to surrender a draft pick to obtain his services on the free agent market.

The $14.1MM value of the qualifying offer was too great a risk for the small-market Reds to take, writes Heyman. I agree with the thinking, as it seems there was a decent chance Arroyo would've accepted the offer, knowing what draft pick compensation would've done to his value on the open market.

Arroyo, 37 in February, topped 199 innings for the ninth consecutive season in 2013, posting a solid 3.79 ERA with 5.5 K/9 and 1.5 BB/9 in 202 innings. MLBTR's Tim Dierkes profiled Arroyo in September, predicting that the veteran innings eater would land a two-year, $24MM contract, provided the Reds didn't issue a qualifying offer.