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13 Players Receive Qualifying Offers

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Today is the deadline for teams to decide whether or not to issue qualifying offers to eligible players. Per Jeff Passan of ESPN on X, 13 players have received the QO and they are:

As a recap, the qualifying offer system was created in the name of competitive balance, allowing clubs to receive compensation if key players depart via free agency. The value changes from year to year as it is the average of the salaries of the 125 highest-paid players in the league. This year’s QO is valued at $21.05MM.

If the player rejects the QO and signs elsewhere, his previous team receives draft compensation while his new club is subject to draft pick forfeiture and sometimes international bonus penalties as well. MLBTR has previously covered what each team’s compensation and penalties would be.

Players have until 3pm Central on November 19 to decide whether to accept or not. In that time, they are free to negotiate with other clubs just like all other free agents, assessing their options before making a decision.

Most of the players on this list are not surprising. Many of them have enough earning power where it was obvious that they would receive a QO and they have an easy decision to reject it while going on to pursue larger guarantees on multi-year deals. Some of the decisions were a bit more borderline and MLBTR took closer looks at those in separate posts, including Martinez, Pivetta and Severino/Manaea.

There were also some notable players who were candidates to receive a QO but ultimately didn’t. MLBTR recently took a look at the pitchers and position players with a chance at receiving a QO. Michael Wacha was listed as a possibility but that came off the table when he and the Royals agreed to a new deal yesterday. Shane Bieber of the Guardians, Jeff Hoffman of the Phillies, Paul Goldschmidt of the Cardinals, Tyler O’Neill of the Red Sox, Gleyber Torres of the Yankees, as well as Ha-Seong Kim and Jurickson Profar of the Padres were all identified as long shots to receive a QO and ultimately none of them did.

Clubs generally don’t want to lose draft picks or be subject to the other associated penalties. As such, receiving a QO can sometimes have a negative impact on a player’s prospects in free agency, though it won’t be a significant factor for the top guys.

Rangers Decline Andrew Chafin’s Club Option

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The Rangers announced that they declined their $6.5MM club option on left-hander Andrew Chafin for the 2025 season. Chafin will receive a $500K buyout and enter free agency.

It’ll be the fourth straight offseason on the market for the 34-year-old Chafin, who has signed with the Tigers, D-backs and Tigers over the past three seasons. The first of those was a two-year pact with an opt-out, which he took the following winter. He’s earned salaries of $6.5MM, $6.25MM and $4.75MM along the way in those three respective seasons and will now likely land another short-term pact in free agency.

The 2024 season was a solid one for Chafin, who split the year between Detroit and Texas. He pitched a combined 56 1/3 innings with a 3.51 ERA, 28.5% strikeout rate, 12.6% walk rate and 36% grounder rate. Chafin has lost some life on his fastball in recent seasons and seen his once-strong command dip, but he remains a generally effective reliever against hitters from both sides of the dish. Lefties did post an uncharacteristically strong split against him in 2024 (.273/.363/.375), but that was due largely to an inflated .400 average on balls in play that should come back down to earth.

Over the past four seasons, Chafin has worked to a combined 3.12 ERA, though the manner in which he’s gotten to his generally solid results has changed. He’s adopted a more slider-heavy approach in recent seasons, doing so at the expense of his four-seamer and sinker. That’s led to more missed bats but also more walks and fewer grounders. Each of his pitches has graded out better than average at least once in those four seasons, but his slider has been a consistently plus pitch so it’s no surprise to see him gravitate toward it more strongly — particularly as his four-seam and two-seam fastballs lose a bit of life.

Although the Rangers passed on guaranteeing Chafin $6.5MM from the jump, they’re still likely to be heavily involved in the bullpen market this winter. Chafin is one of four relievers departing, joining David Robertson, Kirby Yates and Jose Leclerc. That quartet accounted for much of the leverage work among Texas relievers. Declining Chafin’s option isn’t so much a sign that they’re not interested in keeping him or adding other bullpen arms; rather, it’s likely that Texas wants to make sure it has as much powder dry for top offseason pursuits, likely headlined by fellow free agent Nathan Eovaldi, whom president of baseball ops Chris Young has already called a “priority” in free agency.

Red Sox Issue Qualifying Offer To Nick Pivetta

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The Red Sox issued a qualifying offer to Nick Pivetta, reports Robert Murray of FanSided (X link). MassLive’s Chris Cotillo, who first suggested a Pivetta QO was possible, added that Tyler O’Neill will not receive the QO. Pivetta and his representatives at CAA have until November 19 to decide whether to accept.

Boston’s decision comes as at least a moderate surprise. Pivetta has been a consistent source of innings but has never quite managed high-end results. He doesn’t have a single season with an earned run average under 4.00. Pivetta consistently posts fantastic strikeout and walk numbers, but a propensity for hard contact and the home run ball deals a hit to his overall results.

The Sox have yet to quite unlock Pivetta’s full upside. They’re willing to make a significant one-year commitment to take another shot. If Pivetta accepts the offer, he’d rejoin a rotation that’ll also include Brayan Bello, Tanner Houck and potentially Kutter Crawford and Richard Fitts. The Sox should welcome Lucas Giolito back from injury in the season’s first half. There’s a decent amount of depth, particularly if Pivetta returns, though the group is still lacking a true #1 arm.

Boston neither paid the luxury tax nor received revenue sharing this past season. That puts them in the middle tier of QO compensation. If Pivetta walks, the Sox would receive a pick between the end of Competitive Balance Round B and the third round in the 2025 draft.

José Urquidy Clears Waivers And Becomes Free Agent

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The Astros have sent right-hander José Urquidy through outright waivers and he is now a free agent, per Chandler Rome of The Athletic on X. The same is true of fellow righty Oliver Ortega, who was also outrighted and became a free agent.

Urquidy, 30 in May, has tossed 405 innings for the Astros in his career with a 3.98 earned run average, 19.6% strikeout rate and 5.8% walk rate. Unfortunately, he underwent Tommy John surgery in June and is therefore slated to miss most or all of the 2025 campaign.

That was going to be his final season of club control, with the Astros eligible to retain him via arbitration. MLBTR contributor Matt Swartz projected Urquidy for a $3.75MM salary next year but the Astros seemingly decided it wasn’t worth making that kind of investment for a player with such an uncertain timeline and bumped him off the roster instead. All of the other clubs seemingly agreed with none of them putting in a claim. As a player with at least three years of service time, Urquidy has the right to elect free agency instead of accepting an outright assignment.

Urquidy will now head to the open market and perhaps head to a new club for the first time. Pitchers recovering from Tommy John surgeries can sometimes find two-year deals that cover the rehab portion and also give the signing club an extra year of club control wherein the pitcher is hopefully fully healthy.

Ortega, 28, was claimed off waivers from the Twins a year ago but never got to pitch for the Astros. He underwent surgery in March to remove loose bodies from his elbow and then underwent another surgery in June to remove a bone spur. Due to those surgeries, he spent the entire season on the injured list. His current status is unclear but the Astros didn’t want to keep him on the roster going forward. As a player with a previous career outright, he had the right to elect free agency and did so.

Pirates Decline Option On Marco Gonzales

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The Pirates declined their option on starter Marco Gonzales. There’s no buyout and it would have cost $15MM to keep him around. He’ll miss most or all of next season after undergoing flexor surgery in his throwing elbow. The Bucs also outrighted Ben Heller, Isaac Mattson and Daulton Jefferies off the 40-man roster.

Pittsburgh acquired Gonzales from the Braves in a move that amounted to a small salary dump for Atlanta. The southpaw made three decent starts to begin the year before it was tanked by injury. A forearm strain shelved him between mid-April and the All-Star Break. Gonzales only made four starts to close the month before going back on the injured list — this time with the injury that required surgery.

Gonzales closed the season with a 4.54 earned run average through 33 2/3 innings. He was limited to 10 starts and 50 innings by a forearm strain in 2023 as well. He’s probably looking at minor league offers this winter. The hope is that he’ll be able to recapture the solid back-of-the-rotation form he showed with the Mariners between 2018-22.

Heller, Mattson and Jefferies each made a handful of appearances for the Bucs this year. They all worked in low-leverage relief. None of them found much success in small samples. All three pitchers can elect free agency.

Diamondbacks Claim Seth Martinez

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The Diamondbacks announced that right-hander Seth Martinez was claimed off waivers from the Astros.  It hadn’t been publicly reported that Martinez had been designated for assignment, but the 30-year-old reliever will now change teams for the second time in his career.

Selected away from the Athletics in the 2020 Rule 5 Draft, all 137 1/3 of Martinez’s career big league innings have come in a Houston uniform.  The righty has a career 3.93 ERA, 20.7% strikeout rate, and 9.2% walk rate, and his 2024 numbers included a 3.59 ERA, 16.2K%, and 8.1% walk rate in 52 2/3 frames.  Martinez spent most of the season on the Astros’ big league roster, though after the All-Star break, Houston shuttled him back and forth from Triple-A on multiple occasions.

Martinez is now out of minor league options, which probably tied into the Astros’ decision to put the right-hander on waivers.  Though he hasn’t yet reached arbitration eligibility and is under team control through 2028, the Astros felt comfortable moving on from Martinez, leaving Arizona able to pick up a controllable reliever for its bullpen mix.

There’s no risk for the D’Backs in taking a look at Martinez during Spring Training, and for now the club at least has a placeholder of a reliever in place as they look to remake their bullpen.  Arizona’s relief corps was a weak link for the team in 2024, and Martinez represents the type of lower-cost reliever that GM Mike Hazen has tended to target during his time running the Diamondbacks’ front office.

Gerrit Cole To Return To Yankees

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Right-hander Gerrit Cole will return to the Yankees, per Jon Heyman of The New York Post on X. Going into 2020, Cole and the Yankees signed a nine-year deal with a $36MM salary in each season, a $324MM guarantee. That deal gave Cole the ability to opt out after 2024, but the Yankees could negate that opt-out by adding yet another $36MM season for 2029. He did indeed trigger that opt-out a few days ago, forcing the Yankees to decide whether or not they wanted to add the extra year. Essentially, they would be deciding between letting Cole become a free agent versus keeping him around for five years and $180MM. Per Jeff Passan of ESPN on X, Cole will remain with the four guaranteed years and $144MM as though he did not trigger his opt-out, but extension conversations will continue.

For the first four years of the deal, Cole continued to perform at an ace level and it seemed like a slam dunk that he would trigger that opt-out but the Yanks would add the final year and keep him around. That was the general consensus one year ago when Cole won the 2023 American League Cy Young award after posting a 2.63 ERA in 209 innings over 33 starts.

But one year later, much has changed, which made the respective decisions more interesting. Cole was shut down during spring training this year with some elbow inflammation. No structural damage was found but his non-surgical rehab kept him on the shelf until June. He returned and posted strong results, but not quite as good as before the injury.

He eventually made 17 starts on the year with a 3.41 ERA. There might have been a bit of rust after the injury layoff, as he had a 6.75 ERA in his first four outings but a 2.67 in the final 13. He then posted a 2.17 ERA over his five postseason starts.

That injury-shortened season made is somewhat debatable as to whether Cole should walk away from the four years and $144MM left on his deal but he ultimately felt confident in doing so, forcing the Yankees into making a call.

Cole has been their ace but there were at least some arguments for them letting him go. Generally speaking, a free agent deal provides the best return on investment at the beginning, while the later years tend to be more painful. Getting a chance to walk away before it starts to hurt is going to have some appeal to a team, especially one that wants powder dry to bring back Juan Soto.

Beyond that, Cole’s strikeout rate declined this year, perhaps due to the injury but it was the fourth straight year of that trend. He punched out 33.5% of batters faced in 2021, 32.4% in 2022, just 27% in his Cy Young year and 25.4% this year. Each of his pitches in 2024 was about one mile per hour below their ’23 levels, per Statcast. Though his playoff results were good as the Yanks charged to the World Series, he actually only struck out 17.7% of batters faced.

Without Cole, the Yankees would have been going into the winter with a rotation of Carlos Rodon, Nestor Cortes, Clarke Schmidt, Luis Gil and Marcus Stroman, with Will Warren and other prospects around as depth. They could have used the extra $36MM of payroll capacity to pursue Soto while also considering reuniting with Cole or perhaps going after younger free agent starters like Corbin Burnes, Blake Snell, Jack Flaherty or Max Fried.

It seems as though the two sides may have discussed some alternate arrangements but wanted more time to hammer them out, so Cole has essentially agreed to rescind his opt-out decision. He will stay on the Yankee roster at the same terms of his previous deal, perhaps allowing him and the Yankees to work out some new deal without the ticking clock of today’s deadline for decisions on options and opt-outs.

At this point, it’s unclear if the two sides expect to work out a new deal shortly or well into the offseason. If the latter is the case, then the club will pivot towards it’s other offseason priorities, headlined by the desire to get Soto back into the fold.

The main takeaway here is that Cole will be staying in pinstripes, with the contractual stuff to be worked out another day. With him back in the rotation, now perhaps the Yankees will consider further moves to augment their rotation. They reportedly had interest in Snell last winter and could circle back to him this offseason. They almost traded for Flaherty at the deadline and might pursue him as a free agent. There were some trade rumors surrounding Cortes this year, so perhaps those could pop up again in the coming months. Stroman got bumped to the bullpen late in the year and might make more sense on the trading block, allowing the Yankees to free up some payroll for other pursuits.

Mets To Issue Qualifying Offers To Severino, Manaea

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The Mets are issuing the $21.05MM qualifying offer to both Luis Severino and Sean Manaea, reports Jon Heyman of The New York Post (X links). There’s no surprise in Manaea’s case, though Severino was more of a borderline call. The pitchers will have until November 19 to determine whether to lock in that salary. That’ll give their representatives just over two weeks to gauge the market.

Manaea is coming off one of the better platform years of anyone in the rotation class. He turned in a 3.47 earned run average while striking out a quarter of opponents through a career-high 181 2/3 innings. The southpaw had an excellent second half that coincided with a dip in his arm angle and an increased use of his sinker. He’ll probably be limited to three-year offers as he enters his age-33 season, though those could come at a comparable annual value to the QO price. He shouldn’t give much consideration to accepting.

Severino could have a more interesting decision. The hard-throwing righty worked to a 3.91 ERA across 182 frames spanning 31 starts. It was a nice rebound from his terrible final season with the Yankees. Severino improved his ground-ball rate to 46% but didn’t find the kind of bat-missing ability that made him a high-end starter during his early days in the Bronx. He fanned 21.2% of batters faced while getting swinging strikes at a well below-average 9.4% clip.

The lack of whiffs could lead to trepidation from some teams. Severino has plus velocity and good control, though, and he proved capable of shouldering a full workload for the first time since 2018. With Manaea virtually certain to decline the QO, the Mets were willing to risk bringing Severino back on a decent one-year salary. They’re likely to find themselves in the top tier of luxury tax penalization next season. That’d entail paying a 110% tax, potentially putting them on the hook for more than $44MM.

If Severino declines the offer in search of a three- or four-year deal, the Mets would be in line for modest draft compensation. As luxury tax payors, New York receives the lowest form of compensation for losing qualified free agents. They’d get compensatory picks after the fourth round if Manaea and/or Severino sign elsewhere. The prospect value of those picks is minimal, but it’d tack on a few hundred thousand dollars to next year’s amateur signing bonus pool.

Image courtesy of Imagn.

Mets Claim Luis De Los Santos

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The Mets announced that they have claimed infielder Luis De Los Santos off waivers from the Blue Jays. Additionally, outfielder DJ Stewart as well as left-handers Joey Lucchesi and Matt Gage were outrighted off the 40-man roster. Stewart and Lucchesi elected free agency.

De Los Santos, 26, got up to the big leagues for the first time this year. He hit .172/.226/.241 in a small sample of 31 plate appearances to start his major league career. He hit .260/.375/.441 in his 154 Triple-A plate appearances while spending time at all four infield positions.

He still has a couple of option seasons and less than a year of year of service time, so he can provide the Mets with some depth around the dirt for the foreseeable future. They have Francisco Lindor cemented at short but questions elsewhere. First baseman Pete Alonso is now a free agent. He could be re-signed but it’s no guarantee he’ll be back. Mark Vientos just had a breakout season while playing third base but with poor defense, so he could perhaps move over to first if Alonso departs. Second base could be taken by Jeff McNeil but he’s also capable of playing other positions. Young guys like Brett Baty, Luisangel Acuña or Ronny Mauricio are candidates to take over at second or third base.

Stewart, 31 this month, finished 2023 on a heater but couldn’t really carry it over into 2024 as he finished the year with a .177/.325/.297 batting line for the Mets. He could have been retained for 2025 via arbitration, with MLBTR contributor Matt Swartz projecting him for a $1.7MM salary but the Mets clearly weren’t interested in that and bumped him off the roster instead.

Lucchesi, 32 in June, has been an optionable depth arm for the Mets for a while but is now out of options. That means he wouldn’t be able to continue in that role going forward. Since missing 2022 while recovering from Tommy John surgery, he has tossed 57 innings for the Mets over the past two seasons with a 3.32 ERA but but subpar strikeout and walk rates of 16.2% and 10.4% respectively. As players with at least three years of service time, both Stewart and Lucchesi had the right to elect free agency and did so.

Gage, 32 in February, was acquired from the Dodgers in a cash deal in July but didn’t pitch for them after that, mostly staying on optional assignment. He has 19 2/3 innings of major league experience with the Blue Jays and Astros in previous seasons.

James Karinchak Granted Free Agency After Outright From Guardians

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The Guardians announced some roster moves this afternoon, including the news that right-hander James Karinchak was reinstated from the 60-day injured list and then outrighted off the club’s 40-man roster.  Karinchak was granted free agency, so the 29-year-old righty will now hit the open market.

The hard-throwing Karinchak burst onto the scene with a sixth-place finish in AL Rookie of the Year voting in 2020, posting a 2.67 ERA over 27 innings while striking out an exceptional 48.6% of all batters faced.  A 14.7% walk rate was attached to all those missed bats, however, which ended up being a constant over Karinchak’s time in the majors.  Over parts of five seasons with Cleveland, Karinchak had a 36.3K% and 14.1% walk rate in 165 2/3 innings, with a 3.10 ERA.

While the bottom-line results were still okay, Karinchak’s performance diminished after the league’s crackdown on illegal substances in 2021, and continued control problems and injuries made him something of an afterthought for the Guardians.  A teres major muscle strain cost him a big chunk of the 2022 season, he was shuttled back and forth from Triple-A multiple times in 2023, and he was limited to just 6 2/3 Triple-A innings in 2024 due to a shoulder injury suffered during Spring Training.

Karinchak was projected to earn $1.9MM in the arbitration process, so today’s transaction is essentially just an early non-tender.  Karinchak is still arb-controlled through 2026 and he has one minor league option year remaining, so any interested teams could stash him in Triple-A to see if he can stay healthy or harness his control.  The obvious strikeout potential will surely land Karinchak a minors deal somewhere, and a change of scenery could help him get his career back on track.

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