The Cubs, the new CBA and draft pick compensation

The Cubs have two free agents who received qualifying offers and they might sign another. That means something different this year.

As the Hot Stove season starts in baseball, there are a few changes this year as a result of the new collective-bargaining agreement. In the past, a team who signed a a free agent who had received a qualifying offer from his previous team lost their first pick in next year’s draft, unless it was one of the first 10 picks in the draft. Those teams lost their second-round pick instead. This year, the compensation is more complicated although for the Cubs, it’s still pretty simple.

The Cubs made qualifying offers to pitchers Jake Arrieta and Wade Davis on Monday. Both players have 10 days to decide whether to accept or reject the offer. If they accept, they will stay with the Cubs on a one year/$17.4 million contract for 2018 and unless the player and the team come to an agreement before then, both players will be free agents again after the 2018 season. A new wrinkle in this agreement is that a player can only be extended a qualifying offer once in his career. …Read the Rest

Source:: Bleed Cubbie Blue

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