The News Herald (Willoughby, OH)
Hosmer, Moustakas, Cain, Arrieta among 9 with $17.4M qualifying offers
NEW YORK » Kansas City Royals first baseman Eric Hosmer, third baseman Mike Moustakas and outfielder Lorenzo Cain were among nine free agents who received $17.4 million qualifying offers from their teams Monday.
Chicago Cubs pitchers Jake Arrieta and Wade Davis also received the offers, as did Tampa Bay pitcher Alex Cobb, Colorado closer Greg Holland, St. Louis pitcher Lance Lynn and Cleveland first baseman Carlos Santana.
Players have until Nov. 16 to accept. If they sign with new teams, their old clubs would get an extra draft pick as compensation — possibly a much lower selection than in the past under the rules in baseball’s new labor contract.
A club signing one of the players who didn’t accept would lose a draft selection — no longer a first-round pick — and possibly part of its international bonus pool allocation for 2018-19.
Free agents could start negotiating contracts with all teams starting Monday evening.
Qualifying offers began after the 2012 season, and none of 34 players given the offers accepted in the first three years. The figure is determined by the average of the highest 125 contracts by average annual value and three players accepted from among the 20 given $15.8 million offers in 2015: Houston outfielder Colby Rasmus, Baltimore catcher Matt Wieters and Los Angeles Dodgers pitcher Brett Anderson. Two players accepted from among the 10 who received $17.2 million offers last year: New York Mets second baseman Neil Walker and Philadelphia pitcher Jeremy Hellickson.
Under the previous labor contract, a team signing a free agent who didn’t accept a qualifying offer would lose its first-round draft pick, unless it was among the first 10 selections. A team losing a qualified free agent received an extra pick after the first round.