Today was the deadline to extend Qualifying Offers to outgoing free agents, and the following 13 free agents got the offer from their respective teams:
Houston Astros LHP Framber ValdezSan Diego Padres RHP Dylan CeaseSan Diego Padres RHP Michael KingPhiladelphia Phillies LHP Ranger SuarezPhiladelphia Phillies DH Kyle SchwarberNew York Mets RHP Edwin DiazDetroit Tigers 2B Gleyber TorresMilwaukee Brewers RHP Brandon WoodruffArizona Diamondbacks RHP Zac GallenChicago Cubs OF Kyle TuckerChicago Cubs LHP Shōta ImanagaNew York Yankees OF Trent GrishamToronto Blue Jays SS Bo Bichette
The offer is a one-year deal for 2026 worth $22.025 million, and can be accepted any time until November 18.
The Cubs extended offers to Kyle Tucker (no surprise) and Shōta Imanaga (mild surprise), and the Phillies and Padres join them as the only other clubs with multiple offers this time around. Like the Cubs with Imanaga, I could also see one of the Padres – Michael King – plausibly accepting the QO. Both Phillies players will definitely reject. In fact, the vast majority of these players will reject the QO.
Brandon Woodruff is a mild surprise, and very well may accept the offer from the Brewers given his abbreviated return from shoulder surgery in 2025. Gleyber Torres also seems like a plausible acceptance, as well as Zac Gallen. Not sure any ultimately will accept, but it might depend on how the tea leaves are reading about teams’ willingness to sign aggressively in advance of a possible 2027 lockout.
From here, the players who decline the offer will then be attached to draft pick compensation for the rest of the offseason. Teams signing them will have to give up a draft pick (or two, plus IFA funds, depending on their market size and luxury tax status). Teams losing the Qualified Free Agent will add a draft pick (the location of which depends, again, on market size and luxury tax status). The full particulars of the Qualifying Offer and Draft Pick Compensation can be found here.
In signing one of these players outside of Tucker or Imanaga, the Cubs, as a large-market team under the luxury tax, would give up their second highest draft pick in 2026 (and associated bonus pool slot value), and $500,000 million in international free agent bonus pool funds. Historically, the Cubs try very hard to avoid signing Qualified Free Agents, and it is therefore very TBD how seriously the Cubs would pursue guys like King, Gallen, or Cease.
If and when Tucker and Imanaga sign elsewhere, the Cubs would add an additional draft pick for each after the second round next year.
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