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Major League Baseball's offseason cleared one of its first and most important deadlines at 5 p.m. ET on Monday, as teams were required to have tendered qualifying offers to their desired impending free agents. The players who received the qualifying offer (hereby QO) will now have until 4 p.m. ET on Nov. 19 to accept or reject what amounts to a one-year pact worth $21.05 million (that's the average of the league's top 125 salaries). In the history of the QO, which was implemented in 2012, only 13 of 131 players have accepted it.

Before we get to the rules, here's the complete list of players tendered the QO on Monday:

The players who reject the QO will continue on into free agency, albeit with draft-pick compensation now attached to their services. Here's a breakdown of how the compensation component works these days -- mind you, it changes based on a team's revenue-sharing status as well as the total value of the player's contract:

Former teamContract sizeCompensation

Received revenue sharing

Less than $50 million

Pick after competitive balance round B (before third round)

Received revenue sharing

$50 million or more

Pick after first round

Paid competitive balance tax

N/A

Pick after fourth round

All other teams

N/A

Pick after competitive balance round B (before third round)

Likewise, here's a breakdown of the penalties for signing a player who rejected the QO:

Signing team2025 draft picks forfeited2026 international bonus money forfeited

Paid CBT

Second and fifth highest

$1 million

Received revenue sharing

Third highest

none

All other teams

Second highest

$500,000

Not every player is allowed to be tendered the QO. Those who change teams in-season are ineligible, as are players who have already been tendered the qualifying offer earlier in their careers. That rules out the likes of Blake SNell, Nathan Eovaldi, and Jack Flaherty, among other notable names.

Again, these players will have until Nov. 19 to make up their minds.