What happened: Major League Baseball players extended a $23.15 million qualifying offer have until 4 p.m. ET on Nov. 17 to accept or decline. Accepting the tender binds the player to a one-year contract for the 2027 season. Players who reject the offer remain free agents subject to draft pick compensation.

Why it matters: The decision window establishes the parameters of the winter market after eight MLB players received qualifying offers. Any club signing a player who declined the offer forfeits draft capital, while the originating organization secures compensatory picks.

What to watch: Recipients must formalize their choices before the Nov. 17 cutoff at 4 p.m. ET.