Welcome back to Top of the Order, where every Tuesday and Friday I’ll be starting your baseball day with some news, notes, and thoughts about the game we love. Tight playoff races, milestone and award chases, and looking ahead to the offseason — these are the things I love about September baseball.
One of the first decisions to be made after the World Series is determining who will receive qualifying offers, which currently projects to be valued at $21.2 million. As a quick reminder before we continue, the qualifying offer is set at a price of the mean average annual value of the 125 highest-AAV players in the league. Once it’s offered to a player, he has 10 days to decide whether to accept or decline the offer.
If the player accepts, he’s locked into 2025 at that salary, though he can always negotiate a contract extension that may override the qualifying offer. If the player declines and signs with a new team, his new team will forfeit at least one 2025 draft pick, and his old team will receive exactly one ’25 draft pick. With less than three weeks left in the regular season, let’s run through which pending free agents could be getting qualifying offers come November.
**Locks to Receive Qualifying Offers**
These decisions are all straightforward. Juan Soto, Corbin Burnes, Alex Bregman, Max Fried, Willy Adames, Pete Alonso, Anthony Santander, Jurickson Profar, Teoscar Hernández, and Sean Manaea (once he exercises his opt out) are all having seasons somewhere between strong and elite. They’re all sure to reject the offer in favor of longer-term deals.
**Likely to Receive, Plausible to Accept**
Paul Goldschmidt is a tough act to follow, but Christian Walker has done well since taking over for him after the Diamondbacks traded Goldschmidt to the Cardinals in December 2018. Walker has been especially great the last three years, with 10.9 WAR, a 122 wRC+, and excellent defense at first base. He’s not spectacular, but he’s very good, and if the Diamondbacks are fine with running a record payroll again, they’d be wise to keep him around.
**Likely to Receive, Likely to Reject**
Tyler O’Neill has popped 30 home runs in his best and healthiest season since 2021, with his wRC+ just one point away from tying that career year. On the surface, that makes him seem like a slam dunk to receive the qualifying offer, and a slam dunk to reject it.
**Total Toss-Ups**
If Ha-Seong Kim had reached free agency before this season instead of after it, he probably would have earned a deal of at least $100 million following his 4.3 WAR, 110 wRC+ campaign in 2023. But right shoulder inflammation could keep him on the sidelines for the rest of the season, and his run values as a hitter, fielder, and baserunner have all gone down considerably in 2024.
**Unlikely to Receive**
For other teams, I’d say that extending Shane Bieber a qualifying offer would be a no-brainer, but $22.1 million is a lot of money for the Guardians. Considering his track record and how well he pitched in his first couple starts of the season, a multi-year deal at a lower average annual value — with the cash backloaded pretty heavily — should be easy for Bieber to secure.
There aren’t any pending free agent relievers with the pedigree of Josh Hader, who was an obvious qualifying offer recipient and rejector last offseason. Clay Holmes started his season pitching like he’d end up receiving one, but he’s lost his closer job and has probably worn out his welcome in New York, frankly.
