The qualifying offer is usually one of those offseason mechanics that can tug at the SF Giants in one direction or another. This year, it won’t matter to them at all.
Joel Sherman of the New York Post reported Wednesday that the qualifying offer will be set at $23.15 million in 2027, a figure derived from the average of the top 125 highest-paid players in baseball. But for the Giants, the lever is effectively off the table this winter.
That’s a notable shift from recent offseasons. The qualifying offer is a one-time tool designed to help small-market clubs recoup value with a compensatory pick if one of their players leaves in free agency.
The Giants have lived on both sides of it lately. Carlos Rodón, Brandon Belt, and Kevin Gausman are among the players they’ve extended qualifying offers to in the recent past.
On the other side, Blake Snell, Matt Chapman, and Willy Adames all joined San Francisco after turning one down.
Those decisions came with a cost. The Giants gave up a draft pick and international bonus money, with the penalties varying depending on the situation. This will be the first full year since 2023 that they won’t be dealing with those consequences.
Even with limited resources on the international market, the Giants have still landed top talent in back-to-back cycles, including Josuar Gonzalez and Luis Hernández. They’ve also added to their bonus pools through trades.
There’s still uncertainty hanging over international free agency itself. It is not yet clear whether that market will open as usual in January, with the looming lockout creating possible complications.
As for this offseason, though, the qualifying offer won’t be part of the Giants’ equation. JT Brubaker is their only unrestricted free agent, and he’ll be eligible for free agency after the World Series, but he is not a qualifying-offer candidate.
Luis Arráez could have fit into that conversation as a way to keep him, but that became irrelevant after the trade. And for Arráez, that may be a blessing, since the qualifying offer would have hurt his market.
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