World Series, in addition to the winners of various awards to be announced, the most eye-catching ones are the various signings and transactions. Among the rumors and news about various signings and transactions, you must often hear the word qualifying offer. Let us understand what a qualifying offer means today!
The 14 players who have received contract offers this season
The qualifying offer is a one-year short-term contract, which can allow the team to reach a compromise with the star players who have not renewed their contracts, or it can be the termination after the star players leave the team. Damage guarantee. Teams can make qualifying offers to players before free agency opens, with a value equal to the average annual salary of the 125 highest-paid players in the major leagues.
After receiving a qualifying offer, the player will have 10 days to decide whether to accept the offer. Players can contact other teams during this period to understand their value in the free market and use this as a reference for their decisions.
In the current collective bargaining agreement, a player has only one chance to receive a qualifying offer in his entire career; players who are traded during the season also cannot receive a qualifying offer. If a player chooses to sign with another team after rejecting a qualifying offer, the original team will receive compensation for the draft pick, while the team that signs the player will need to deduct the draft pick and international player signing amount.
So, how do you know how many draft picks and signing amount you have to pay? In the current collective bargaining agreement, if a team exceeds the luxury tax line (for now, it is the Padres and Dodgers), they need to deduct the second and fifth-highest draft picks in next year's draft, and reduce their salary by US$1 million. The amount of international player signings.
And if it is a small market team (those 13 teams that can draw compensatory draft picks every year), the third highest draft pick will be deducted. After deducting these two blocks, the remaining teams will deduct the second-highest draft pick and the US$500,000 international player signing quota.
Let’s look at it from another angle, what compensation will the team that loses its star get? Similar to the aforementioned classification, if a small market team "and" the contract signed by a free agent is greater than 50 million, they can obtain a draft compensation pick after the first round.
If the team's salary exceeds the luxury tax line, it will receive a compensation pick after the fourth round. Except for the above two situations, the rest of the draft compensation picks are between the second and third rounds.
The above rules seem too abstract and complicated? It doesn't matter, just give you two examples here.
Last year Houston Astros' George Springer signed a six-year, $150 million contract with Toronto Blue Jays after rejecting a qualifying offer. According to the above rules, the Astros (whose salary exceeds the luxury tax line) will receive compensatory picks after the fourth round, while the Blue Jays (not a small-market team) will lose their second-round pick and $500,000 signing quota.
The Houston Astros did not exceed the luxury tax line the year before last. When they lost their ace Gerrit Cole they obtained a compensation pick after the second round. The New York Yankees' salary when they signed Cole was above the luxury tax line, so they lost their second- and fifth-round draft picks and $1 million in international player signing bonuses.
It is worth mentioning that since the establishment of qualifying offers in 2012, only 10 of the previous 96 players have accepted offers, including two last year.
A total of 14 players have received offers from the team this year , including Warriors cricket star Freddie Freeman, who just won the championship, Dodgers shortstop Corey Seager, and Astros. Ace pitcher Justin Verlander, who is taking a year off, and others.
Is there anything else you don’t understand about qualified quotations? Come and discuss with us in the comment area!
