On qualifying offer day, a whole lot of front offices stared at that $22.025 million number and blinked. For years, the QO has basically been treated as a polite “thanks, but no thanks” — a way for teams to grab draft compensation while their free agents chased multi-year paydays elsewhere.

This winter flipped that script. A record four players took the one-year guarantee, instantly eating up major chunks of their clubs’ payroll flexibility and reshaping multiple offseasons overnight. From a distance, it looked like chaos. From the Seattle Mariners’ perspective, it looked like confirmation they avoided a financial disaster.

Because if Seattle had slapped that same QO on Jorge Polanco, there’s a very real chance they’d be the ones explaining how their winter just got blown up. The second baseman is coming off a strong platform year in which he re-established his bat and hit his way into the heart of the order. He also just walked away from a modest player option to test free agency, and the market clearly made a lot of other “fringe star” types nervous enough to grab the $22 million bag while they could. 

 Mariners’ bold call on Jorge Polanco’s qualifying offer suddenly looks genius

Put all of that together, and it’s not hard to imagine Polanco doing exactly what Brandon Woodruff, Shota Imanaga, Gleyber Torres and Trent Grisham just did: look at the landscape, decide the long-term offers weren’t what he’d hoped for, and lock in a massive one-year raise.

Polanco reached the open market after declining his $6 million player option for 2026, a perfectly reasonable move after a rebound campaign where he hit around .265 with 26 homers and 78 RBI. Once that option was off the books, the obvious question in Seattle was whether to tender him the QO — a one-year, $22.025 million lifeline that would have paid him roughly $15 million more than he made in 2025.

On paper, it’s the kind of short-term bet teams make on core players all the time. In practice, it would have meant tying up a giant share of the Mariners’ winter budget in an aging, bat-first second baseman with a real injury history and defensive limitations.

Historically, the math told you not to worry too much. Since the QO’s introduction in 2012, only a tiny fraction of players have actually accepted — 18 of 157 through last winter, barely over 11 percent. The expectation has long been that if you extend the offer, your guy will chase security and term, you’ll collect your draft pick when he signs elsewhere, and life goes on. 

The Mariners clearly used that history as one data point, but they didn’t let it blind them. They looked at Polanco’s specific situation, and decided the true risk wasn’t losing him for nothing. It was getting stuck paying him like a superstar for one year in a roster spot that needs to stay flexible.

By passing on the qualifying offer, the Mariners preserved that flexibility and kept their books cleaner for 2026 and beyond. Polanco now hits free agency unencumbered, and that actually helps both sides if there’s still a path back to Seattle. The Mariners can talk about a more reasonable, team-friendly multi-year deal that reflects who he is now, not who he was at his peak, and structure it in a way that doesn’t suffocate the rest of their plans.

At the same time, there have already been rumblings that Polanco is intrigued by the idea of a different market and a fresh start, something closer to a final big move in his career than a “run it back” scenario in the Pacific Northwest. If that’s where his heart is, the Mariners are better off not having $22 million already penciled in for him regardless.

Could Polanco leave, sign somewhere else, and keep hitting like a middle-of-the-order bat? Absolutely. That’s always on the table when you let a good player walk, and if he does, fans will feel that sting. But the qualifying offer is a blunt instrument, not a scalpel, and this winter just showed how dangerous it can be when the wrong kind of player says yes.