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This year’s MLB qualifying offer has been set. Should any Cubs be given one?

The 2026 MLB qualifying offer has been finalized at **$23.15 million**, marking a **5.1%** increase from last year’s figure of **$22.025 million**. This year’s threshold represents the last under the current labor agreement, which expires on **December 1**, leaving open the possibility of a new system for future free agency.

While qualifying offers have historically given teams a chance to retain players at a set value, their future remains uncertain as negotiations loom. Four free agents accepted qualifying offers in 2025, including **Shōta Imanaga**, who delivered a solid season for the Cubs—**32 starts, a 3.77 ERA, and 2.0 bWAR**—despite allowing **35 home runs**.

His performance, however, left questions about whether the Cubs would re-sign him, as players can only receive one qualifying offer in their careers.

Three Cubs players are expected to receive qualifying offers this offseason. **Seiya Suzuki**, a five-time starter for the team, had another standout year (**.270/.368/.473, 26 HR, 5.1 bWAR**) and is likely to reject the offer to explore the open market.

**Ian Happ**, though slightly less productive (**.218/.326/.412, 24 HR, 2.9 bWAR**), remains a key defensive presence and may accept a qualifying offer to rebuild value before free agency. **Matthew Boyd**, recovering from injuries (**22 starts, 1.0 bWAR**), is unlikely to qualify given his age (**turning 36**) and limited production.

The Cubs may opt for a **$2 million buyout** on his mutual option instead.

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