NOVEMBER 9: Martin will decline the qualifying offer prior to Monday’s deadline, reports Jon Heyman of CBSSports.com. The move comes as no surprise given the strong market developing for his services. As we learned yesterday, the Pirates, Cubs, Dodgers, and Blue Jays are the early front runners.
Both moves have been expected to varying degrees. Martin was seen as the likelier candidate, but Liriano is coming off a pair of strong, albeit injury-shortened seasons, and figures to seek a more lucrative multi-year deal on the open market.
Martin batted .290/.402/.430 for the Pirates this season and has come to be regarded as one of the game’s most elite defensive backstops based on his ability to control the running game and his exceptional pitch-framing skill. Liriano, meanwhile, pitched to a 3.38 ERA with 9.7 K/9 and 4.5 BB/9 in 168 innings this season and turned in a combined 3.20 ERA in 323 1/3 innings with the Pirates over the past two seasons.
Both Liriano and Martin will now have one week to decide whether or not to accept the offers. In Martin’s case, with his rumored price tag soaring north of $50MM over the past couple of months, conventional wisdom says that he’ll turn the offer down. Some may find Liriano a better bet to accept the offer, and while that’s true, doing so would expose him to the risk of an injury or a down season. It seems more likely to me that he’ll decline the QO in search of a multi-year deal, looking to the case of Ervin Santana last year as a worst-case scenario. Santana declined the $14.1MM qualifying offer from Kansas City and still signed a one-year, $14.1MM contract with the Braves months later. (Santana also received a QO of his own earlier today.) By declining the offer, Liriano is at most risking a few million dollars, as even with a draft pick attached, he could likely find $12MM+ on a one-year deal, if not the entire value of the QO as Santana did last season. However, accepting would be risking the upside of $15-20MM more than the QO on the open market.
MLBTR readers can keep track of all players who receive a qualifying offer by using our Free Agent Tracker.