Sources: Shohei Ohtani among 7 to receive qualifying offer

ESPN baseball reporter. Covered the L.A. Rams for ESPN from 2016 to 2018 and the L.A. Angels for MLB.com from 2012 to 2016.

SCOTTSDALE, Ariz. -- Seven of Major League Baseball's most highly sought-after free agents were extended qualifying offers ahead of Monday's deadline, a list headlined byThe players have until 4 p.m. ET on Nov. 14 to decide whether to return to their prior teams on a one-year deal for the value of the qualifying offer -- calculated annually based on the mean salary of the sport's 125 highest-paid players -- or venture into the free agent market.

Teams that exceeded the competitive balance tax in 2023 and sign a player tied to the qualifying offer will lose their second- and fifth-highest selections for the upcoming draft and will be docked $1 million from their international bonus pool. Revenue-sharing recipients lose their third-highest draft picks. The rest lose their second-highest draft picks and are docked $500,000 from their international bonus pool.

Teams that lose players who rejected the qualifying offer are rewarded draft picks in a similar fashion. Those who exceeded the competitive balance tax the prior season receive a draft pick after the fourth round. Those who are a recipient of revenue sharing get a draft pick between Round 1 and Competitive Balance Round A if the player signs elsewhere for at least $50 million and after Competitive Balance Round B if he signs for less than $50 million.

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