Since the qualifying-offer system was implemented in 2012, 144 players -- including 13 in 2025 -- have received one. But just 14 have accepted it. Nick Martinez was the only one to do so in 2024, deciding to return to the Reds for '25.

Here is a look at the players who have accepted a qualifying offer and how the past decisions have worked out for both sides.

Nick Martinez, SP/RP, Reds, 2024

Accepted $21.05 million qualifying offer for '25

Background: Martinez became a free agent after declining his player option with the Padres at the end of the 2023 season, then signed a two-year, $26 million deal with the Reds that gave him the ability to opt out after the first year. The 34-year-old was a valuable swingman for Cincinnati in 2024, posting a 3.10 ERA over 142 1/3 innings spannin

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