The qualifying offer has become an important part of MLB free agency since it was introduced in 2012. Teams have the option to extend one to their eligible free agents within five days of the completion of the World Series.
Those who receive a qualifying offer then have 10 days to accept or decline the one-year deal. Players who changed teams during the season cannot be tendered a qualifying offer, and those who were previously extended one are ineligible as well.
If a player rejects a qualifying offer and then signs with a new team, his previous club will receive draft compensation. That component could hinder a player’s market, though the majority still go through with free agency.
According to Jon Heyman of the New York Post, the qualifying offer value for the 2024 season is increasing to roughly $20.325 million:
Qualifying offer this year is $20.325M
— Jon Heyman (@JonHeyman) November 2, 2023
The qualifying offer value is determined by taking the average of the game’s 125 highest-paid players. It was set at $19.65 million last year, which marked an increase from the previous season.
MLB and the Players Association (MLBPA) need to agree on the exact value of the qualifying offer within 10 days of the regular season concluding.
A total of 124 players have been extended the qualifying offer since 2012, including 14 during the 2022-2023 offseason. Joc Pederson (San Francisco Giants) and Martín Pérez (Texas Rangers) were the only ones who accepted the one-year deal, becoming the 12th and 13th players to do so in MLB history.
Dodgers’ history with MLB qualifying offer
The Dodgers have extended the qualifying offer to 12 players since the system was implemented, with only Brett Anderson and Hyun-Jin Ryu accepting the one-year contract.
Kenley Jansen, Justin Turner and Chris Taylor are among the notable players who declined it but still went on to re-sign with the team.
Tyler Anderson, Hanley Ramírez, Zack Greinke, Howie Kendrick, Yasmani Grandal, Corey Seager and Trea Turner rejected the qualifying offer and signed with a different club.
The Dodgers don’t have a clear candidate to extend a qualifying offer to for the 2024 season.
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