The World Series is over, making ringbearers of the Red Sox and free agents of dozens of players around baseball.
The Dodgers will have at least 10: Ricky Nolasco, Michael Young, Juan Uribe, Carlos Marmol, Jerry Hairston, Edinson Volquez, Skip Schumaker, Nick Punto, J.P. Howell and Brian Wilson. Per MLB rules, the Dodgers have exclusive negotiating rights with each player up until midnight Eastern Time Monday, after which all are free to sign with any club.
Sometime within the next five days, general manager Ned Colletti and staff must ultimately decide whether or not to extend these players a qualifying offer, a guaranteed contract for 2014 equal to the average salary of the highest-paid 125 players. This year, that’s $14.1 million.
The potential risk every team faces in extending a qualifying offer is that the player will accept the offer and receive more money than he would by testing the open market. The potential reward is twofold: 1, you might re-sign the player at a discount compared to his open-market value; 2, if the player doesn’t accept the qualifying offer and signs elsewhere, your team receives a first-round draft pick in 2014 from the team that does sign the player.
Of the Dodgers’ 10 free agents, Nolasco is the only viable candidate to receive a qualifying offer. He made $11.5 million last year. What’s another $2.6 million? That’s the, um, $2.6 million question that’s been floating around the front offices at Chavez Ravine this month. The answer should be an easy one: Since Nolasco didn’t begin the year with the Dodgers, they won’t receive any draft-pick compensation if he signs elsewhere.
More on him, and the other free agents, later today.
We should also note here that Chris Capuano and Mark Ellis have options for 2014 in their contracts. Capuano’s is a mutual option for $8 million with a $1 million buyout; Ellis’ is a $5.75 million club option with a $1 million buyout. If the team declines the option on both players, that’s a dirty dozen Dodgers destined to hit the free-agent market.