In the event your free agent signs with another team, the only way you get draft-pick compensation is if you made him a qualifying offer.
This winter, qualifying offers to free agents will need to be worth at least $14.1 million, according to Joel Sherman of the New York Post. Last season, it was $13.3 million.
In the event your players accepts your qualifying offer, he’s no longer a free agent and is officially re-signed.
Only players who spent the entire season on one team are eligible for qualifying offers.
Teams have until the fifth day following the World Series to extend qualifying offers to their pending free agents, and players have until the 12th day following the World Series to accept.
Matthew Cerrone, Lead Writer
The Mets finished among the worst 10 teams in MLB, so their draft pick is protected. So, this news only really effects the Mets from a macro-sense, which you can read more about in Baron’s commentary below…
Also, while Frank Francisco, LaTroy Hawkins, Pedro Feliciano, David Ardsma and Johan Santana are all eligible to be free agents at the end of this season, I don’t see any of these players being offered $14.1 million by the Mets… though I do think they’ll try to re-sign Hawkins for less.
For Baron's thoughts on the 2013 qualifying offer, click here...
Michael Baron, ContributorThe figure is expected to rise each year. Still, the number plays a significant role in the free agent market, as it could impact whether or not teams decide to extend qualifying offers to their free agents. Sure, in the grand scheme of things, the figure isn’t much higher than it was last year percentage wise, but teams don’t necessarily extend qualifying offers with hopes the player will take it. Rather, it’s simply to ensure the club receives compensation in the following year’s draft. However, depending on the player, as the figure rises, it could compel players to take the offer (which is a binding agreement), leaving the team saddled with a contract they may or may not have wanted and without a draft choice in the compensation round (which follows the first round). That could make some teams shy away from making such an offer, which alters the market for a given player. For instance, if the Mariners now decide not to extend Kendrys Morales a qualifying offer as had been previously reported, that opens his market to more teams as he’s no longer tied to draft/pool compensation.
On the flip side, if a player receives a qualifying offer and declines it, he can go to the open market knowing full well his value has been declared at $14.1 million, regardless of what he made the previous season. That doesn’t necessarily mean he will get that in a new contract, and it could certainly limit his market over the course of the off-season (recall Michael Bourn last winter). But he will certainly sign for a figure that’s close to the value of the qualifying offer, at worst. But, if the player takes the qualifying offer, he has no trade protection in the contract the following season.
In either case, players who receive qualifying offers set a market barometer in free agency, which not only dictates their own value, but the value of other players at their position. It’s not necessarily a good situation for either side of the negotiating table, and so I wonder if MLB and the MLBPA will agree to different terms for draft pick compensation in the next CBA…