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Walker rejected the Diamondbacks' one-year, $21.05 million qualifying offer Tuesday, Mark Feinsand of MLB.com reports.
If Walker departs via free agency, the Diamondbacks will be in line to receive a draft pick in return. The veteran first baseman slashed .251/.335/.468 with 26 home runs over 130 contests this season while winning a third straight Gold Glove.
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