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Teams have until 5 p.m. ET to extend their prospective free agents a qualifying offer -- a one-year contract worth $17.9 million (the amount is the mean salary of MLB's 125 highest-paid players).

Players who receive a qualifying offer have 10 days to accept or reject it. That deadline is Nov. 12, at 5 p.m. ET.

Teams have until 5 p.m. ET to extend their prospective free agents a qualifying offer -- a one-year contract worth $17.9 million (the amount is the mean salary of MLB's 125 highest-paid players).

Players who receive a qualifying offer have 10 days to accept or reject it. That deadline is Nov. 12, at 5 p.m. ET.

The qualifying offer system has been in place since the 2012-13 offseason. In the six previous offseasons with this system in place, there have been 73 qualifying offers issued, and only five (Brett Anderson, Jeremy Hellickson, Neil Walker, Colby Rasmus and Matt Wieters) have accepted them.

The rules regarding Draft pick compensation for signing players who rejected QOs changed a bit with the implementation of the new Collective Bargaining Agreement prior to the 2017 season, and the penalties for signing such players are less strict. A complete breakdown of those rules is at the bottom of this story and can also be found here.

Below is a list of free agents who are considered candidates to receive a qualifying offer. Players who are traded during the season or who have received a qualifying offer before are not eligible to receive one. Some notable players who fit these categories are as follows:

Not eligible due to trades
Manny Machado, Andrew McCutchen, Zach Britton, Nathan Eovaldi, Josh Donaldson, Matt Harvey, Brian Dozier, J.A. Happ, Wilson Ramos

Not eligible due to previous qualifying offers
Nelson Cruz, Walker, David Robertson, Daniel Murphy (who was traded this year anyway)

We will be updating this list as we get news on qualifying offers. For players who do receive qualifying offers, we will include the level of Draft pick compensation that their previous club could receive if they sign elsewhere.

Could receive a qualifying offer
A's: Jed Lowrie, 2B; Jonathan Lucroy, C
Astros: Dallas Keuchel, LHP; Charlie Morton, RHP; Marwin Gonzalez, UTIL; Evan Gattis, DH
Braves: Nick Markakis, OF
Brewers: Wade Miley, LHP
Cardinals: Bud Norris, RHP
Cubs: Justin Wilson, LHP
D-backs: Patrick Corbin, LHP; A.J. Pollock, OF; Daniel Descalso, INF
Dodgers: Yasmani Grandal, C; Hyun-Jin Ryu, LHP
Giants: Hunter Pence, OF
Indians: Andrew Miller, LHP; Michael Brantley, OF; Cody Allen, RHP; Lonnie Chisenhall, OF
Nationals: Bryce Harper, OF
Padres: Freddy Galvis, SS
Rangers: Adrian Beltre, 3B
Red Sox: Craig Kimbrel, RHP; Joe Kelly, RHP
Rockies: Adam Ottavino, RHP; DJ LeMahieu, 2B, Carlos Gonzalez, OF
Orioles: Adam Jones, OF
Yankees: CC Sabathia, LHP

Qualifying-offer rules explained
Under the previous Collective Bargaining Agreement, if a team made a qualifying offer to a player and he signed elsewhere, it would get a supplemental first-round Draft pick (right after the end of the first round). That has all changed.

Under the new rules, if the team that loses the free agent is a revenue-sharing recipient, based on its revenues and market size, then the selection -- if and only if the lost player signs for at least $50 million -- will be awarded a pick between the first round and Competitive Balance Round A of the 2019 MLB Draft. If the player signs for less than $50 million, the compensation pick for those teams would come after Competitive Balance Round B, which follows the second round.

The following 16 teams currently qualify for these picks: A's, Braves, Brewers, D-backs, Indians, Mariners, Marlins, Orioles, Padres, Pirates, Rays, Reds, Rockies, Royals, Tigers and Twins.

If the team that loses the player does not receive revenue sharing and did not exceed the luxury-tax salary threshold the previous season, its compensatory pick will come after Competitive Balance Round B. The value of the player's contract doesn't matter in this case. The 12 clubs that fall into this category are the Angels, Astros, Blue Jays, Cardinals, Cubs, Dodgers, Giants, Mets, Phillies, Rangers, White Sox and Yankees.

If the team that loses the player went over the luxury-tax threshold, the compensation pick will be placed after the fourth round has been completed (as with the previous scenario, it doesn't matter how much the player signs for). The two clubs in this group are the Nationals and Red Sox.