Qualifying offers began after the 2012 season, and only 14 of 144 offers have been accepted. The price is the average salary of the 125 highest-paid players in the just-ended season.
A free agent can be given a qualifying offer only once, meaning Martinez could become a free agent next offseason without compensation attached.
Martinez accepted the offer from the Cincinnati Reds after going 10-7 with a 3.10 ERA in 16 starts and 26 relief appearances while striking out 116 and walking 18 in 142 1/3 innings. He agreed in December to a $14 million, one-year contract that included a $12 million player option, which he rejected. Martinez is 37-45 with a 4.09 ERA in seven seasons with Texas (2014-17), San Diego (2022-23) and Cincinnati. Martinez spent 2018-21 pitching in Japan.
If a free agent who declined a qualifying offer signs with a different team, the acquiring club gives up at least one selection in the next amateur draft and possibly signing bonus pool allocation in the next international signing period.
A team that loses a qualified free agent will receive an additional amateur draft pick.
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