Five days after the World Series ends each year, teams have the option to issue a one-year qualifying offer to any player who was not traded during the season. For the 2024 offseason, the qualifying offer was set at $20.325MM. After receiving a QO, the player has five days to decide whether to accept or reject this offer. Those who accept are signed players, while those who decline require a new team to forfeit at least one draft pick to sign them. A team losing a qualified free agent to another team prior to the amateur draft gains a draft pick.
Under the current collective bargaining agreement, any player who has previously been issued a qualifying offer is ineligible to receive another one. With that in mind, here’s the list of active players who have received a qualifying offer in the past.
Hyun Jin Ryu
Will Smith (pitcher)