THURSDAY: Officially, all nine players have rejected their qualifying offers and become free agents, the MLBPA has announced (h/t Bill Shaikin of the Los Angeles Times, on Twitter).

MONDAY: All nine of the free agents that received a one-year, $17.4MM qualifying offer will reject that offer in favor of free agency, Jon Heyman of FanRag Sports writes. Each of Eric Hosmer, Mike Moustakas, Lorenzo Cain, Jake Arrieta, Wade Davis, Lance Lynn, Alex Cobb, Greg Holland and Carlos Santana will turn down that one-year opportunity in search of a multi-year pact in free agency.

In doing so, that group of nine will also subject themselves to draft-pick compensation and position their former clubs to recoup some value in next year’s amateur draft should they sign elsewhere. Last offseason’s new collective bargaining agreement altered the specifics of that compensation, tying the draft picks received and surrendered largely to the luxury tax threshold, revenue sharing and the size of the contract signed by the free agent in question.

MLBTR’s Tim Dierkes explained which draft picks each of the six teams that issued a qualifying offer would receive, should their free agents sign elsewhere, as well as which picks all 30 teams would be required to surrender if they are to sign a qualified free agent. Prior to that, MLBTR’s Mark Polishuk provided a more comprehensive and in-depth overview of the new QO system, for those that are unfamiliar or would like a refresher on the finer details.

It’s been reported for quite some time that Kansas City will make a strong effort to retain Hosmer. Heyman added over the weekend that the Royals will also push to keep Moustakas but feel that Cain is almost certain to land elsewhere on the open market. The Rockies are known to have interest in re-upping with Holland on a multi-year deal, and Heyman notes within today’s column that the Rays “understand [Cobb] is out of their reach financially” and will sign elsewhere. He also adds that Davis seems to be likelier than Arrieta to return to Chicago.

It’s unlikely that there will be any formal announcements just yet. Among the changes to the QO system under the 2017-21 CBA was that QO recipients would have 10 days, rather than seven, to determine whether to accept or reject the offer. The deadline to issue QOs was last Monday, so the recipients still technically have until this coming Thursday to formally declare their intention. But, barring a last-minute freak injury it seems that each of the nine will go the widely expected route and enter free agency in search of the most substantial contracts in their respective careers.