If you had March 18th for a two-time Cy Young award-winning free agent to sign, then you won the Scott Boras 2024 off-season bingo game. Blake Snell, who had this stat line last year as a 30yr old: 14-9, 2.25 ERA, 1.189 whip, 234/99 K/BB in 180 innings/32 starts, finally signed just a couple weeks before the season starts, virtually guaranteeing that he misses time for his new club San Francisco. He gets a handsome pay day for 2024 on a short-term gig (2yrs/$62M) but fails to secure the long-term deal that he probably expected coming off a Cy Young winning age-30 season, and probably heads back into FA next off-season w/o the qualifying offer dragging him down.
This is a two-part post. One briefly about the draft, then one about the QO in general.
2024 Draft Order. With Snell’s signing, the 2024 draft order is (finally) finalized. The Giants give up a 3rd rounder to sign Snell, and with it barring any additional last minute penalties we know how things are going. Here’s a link to the 2024 Draft order worksheet (with sources and past years all in the same place), showing the original order and how the various teams picked up or lost picks. Quick summary of movement:
- Arizona, Baltimore: got supp-1st picks for having top-performing rookies
- Minnesota, Los Angeles Angels, Toronto, and Sandiego: picked up picks at various points for losing QO-attached FAs.
- St Louis, San Francisco, Los Angeles Dodgers, Houston: lost picks for signing the same QO-affiliated guys.
The Nats started with the #10 overall, then #48, #88, #118, #148 and so on. After all the movement, we now sit with #10, #44, #79, #108, #140, #169, #199 and so on. So we improved 4 spots in our 2nd rounder, 9 spots for our third rounder, 10 spots for the 4th rounder, and 9 spots for each round going forward.
Qualifying Offer recap for 2023 off-season
Ever since the Qualifying Offer system was introduced in 2012, i’ve hyper-tracked the players who have gotten tagged with them to gauge impact to their free agency. Here’s a Link to my Qualifying Offer Tracking xls. This past off season saw a massive drop in spending from teams, as typical big-money spenders sat out the off-season, were already maxed out and sitting at luxury tax penalties, or had serious revenue concerns with all the RSN issues we’ve been having. However, we also saw that Boras’ three QO-tagged agents sit and wait for months into the off-season before signing.
- Cody Bellinger: didn’t sign until 2/24 for 3yrs/$80M
- Matt Chapman: didn’t sign until 3/3 for 3yrs/$54M
- Snell as discussed; didn’t sign until 3/18 for 2yrs/$62M
As others have pointed out, that’s less guaranteed money for those three guys than some guys got by themselves this off-season. None of them get the kind of 9-figure career-setting payday they probably wanted, but at least all three get opt-outs in case they blow up 2024 to try it again.
Snell therefore is the first QO-assigned player who I think was really hampered by the tag in years. When it first came out, several mid-level free agents took the QO confidently thinking they’d get t heir money like they always did, and got hurt by it. In fact, probably the worst example of the QO screwing a player involved one of our own, Ian Desmond, who declined a 1yr $15.8M deal but couldn’t find anything on the market and ended up taking a 1yr $8M deal three weeks into spring training that year. Now, Desmond eventually got paid by Colorado in a weird contract that turned out to be awful for the team, and of course all these guys are millionaires, so i’m not crying too much for them, but this analysis is more about players getting (or not getting) their worth.
The two sides had their chance to get rid of the QO, but bailed on it in the last CBA negotiations because the owners tied an International Draft to it, which is kind of ridiculous on both sides. QOs impact just a handful of the 1200 union members every year … and owners are just being stupidly short-sighted if they demand an international draft so that they can save a couple million dollars a year. But that’s a topic for another day.
At least these QO Boras clients can go into next off-season knowing they can’t get the offer again, which will free up their markets considerably.