Qualifying Offer To Be $20.325MM For 2023-24 Offseason

The qualifying offer value is going to be $20.325MM for this offseason, reports Jon Heyman of The New York Post. It had been previously reported that it would land “around” $20.5MM but it seems the final number will be a smidge lower.

The value of the QO is calculated by averaging the salaries of the 125 highest-paid players in the league each year. As the season ends, a player reaching for free agency is eligible for a qualifying offer if they spent the entire season with just one team and have never received a QO before. If the player declines and signs elsewhere, the signing club is subject to draft pick forfeiture as well as a possible reduction of their international bonus pool. The player’s previous club receives draft pick compensation.

The value of the QO generally goes up as salaries rise. Here are the values of the past dozen QOs:

• 2012-13: $13.3MM
• 2013-14: $14.4MM
• 2014-15: $15.3MM
• 2015-16: $15.8MM
• 2016-17: $17.2MM
• 2017-18: $17.4MM
• 2018-19: $17.9MM
• 2019-20: $17.8MM
• 2020-21: $18.9MM
• 2021-22: $18.4MM
• 2022-23: $19.65MM
• 2023-24: $20.325MM

14 players received qualifying offers last offseason. Joc Pederson and Martín Pérez accepted. The other 12 players declined, though Aaron Judge, Anthony Rizzo and Brandon Nimmo subsequently ended up re-signing with their previous team.

MLBTR recently took a look at the pitchers and position players that could potentially receive QOs this year, though it has since been reported that Lourdes Gurriel Jr. is not eligible to receive one. Clubs have until 4:00 pm Central on November 6 to decide whether or not to extend the QO to eligible players. Players who receive the QO will have until 3:00 pm Central on November 14 to decide whether or not to accept.