In a move that came as no surprise, Teoscar Hernández has turned down the Los Angeles Dodgers' qualifying offer, setting his sights on the free agent market. Hernández, who had an All-Star season with the Dodgers, was offered the qualifying contract by the November 4 deadline—a clear indication that the team was eager to retain him for at least another year. However, the rejection of this offer will now grant the Dodgers a Competitive Balance draft pick in 2025 should Hernández sign with another team.

Hernández's decision to reject the offer aligns with expectations, given his successful 2024 season where he earned $23.5 million. His stellar performance had positioned him advantageously for a more lucrative, multiyear contract, rather than settling for a one-year deal. Although there was a faint hope that his desire to stay in Los Angeles might sway him to accept the qualifying offer, the prospects of better long-term security and financial gain on the free agent market were compelling.

MLB Trade Rumors forecasts that Hernández will secure a deal worth less annually than the $23.5 million he earned this past season, but with the significant benefit of added job security through a longer contract. Meanwhile, The Athletic predicts a contract that could see Hernández earning $25 million annually over three years. Either scenario would provide Hernández with a stable future, making his choice to test free agency a strategic move.

Despite the rejection, the Dodgers remain in the race to re-sign Hernández, with Los Angeles reportedly planning to rekindle negotiations. However, competition is expected to be stiff. The Boston Red Sox, Baltimore Orioles, and New York Yankees have already expressed interest, with the Red Sox notably having pursued Hernández before he signed with the Dodgers last season.

It is crucial for the Dodgers to act swiftly in their pursuit of Hernández. His impressive 2024 season has undoubtedly caught the attention of numerous teams, and any hesitation on the Dodgers' part could see him signing elsewhere. Hernández's intention to remain in Los Angeles should not be misconstrued as an advantage the Dodgers can afford to linger on. Other teams will likely aggressively pursue him, making it imperative for the Dodgers to make a decisive and timely offer.