"Teams annually have the option to extend the one-year contract to their own eligible free agents within five days of the completion of the World Series. Those who receive a qualifying offer must make a decision to accept or decline the deal within 10 days. Players who changed teams during the preceding season are not eligible to be tendered a qualifying offer, and those who were previously extended one at any pint in their career are ineligible as well."
"The qualifying offer was first incorporated with MLB free agency in 2012 and remained part of the collective bargaining agreement that was agreed to by the league and Players Association for the 2022-2026 seasons. According to Joel Sherman of the New York Post, the MLB qualifying offer value for the 2026 season is expected to be around $22 million: The Post has learned that the qualifying offer for the 2026 season will be roughly $22 million."
The qualifying offer allows teams to extend a one-year contract to eligible free agents within five days after the World Series, and players have 10 days to accept or decline. Players who changed teams that season or who previously received a qualifying offer in their career are ineligible. The mechanism debuted in 2012 and remains part of the 2022–2026 collective bargaining agreement. The 2026 qualifying offer is expected to be roughly $22 million, calculated by averaging the salaries of the 125 highest-paid players; the 2024 offer was $21.05 million. General managers use the offer to secure draft-pick compensation or to narrow a player's market.
Read at Dodger Blue
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