The Qualifying Offer and You
Hello there, friends. If you are a fan of the San Francisco Giants, congratulations on your recent world championship. If you are a fan of the Detroit Tigers, the opposite of that. If you are a fan of any other team, then for at least the last week or so you’ve probably been looking forward to the start of the offseason. The offseason is when baseball teams are most able to change themselves, and a changed baseball team is a better baseball team. Or at least that’s the hope, if only sometimes the reality.
The offseason means trades, but the offseason also means rumors and the offseason means free agency. Thanks to the new CBA that before long we’ll be able to stop referring to as the “new CBA”, free agency is going to look a little bit different from how it used to. I’m referring specifically to free-agent compensation, and at the core here is the concept of the “qualifying offer”. That’s a term you’re going to see thrown around — that’s a term you’ve already seen thrown around — and we should discuss it. It’s not that complicated, so if you’re unclear about qualifying offers and if you have a few minutes, lend me those few minutes.