NEW YORK (AP) — The price of a qualifying offer for this year’s major league free agents rose 5.1% to $23.15 million from $22,025,000.

The figure is determined by the average of the top 125 major league contracts this year. The price dropped by $100,000 to $17.8 million in 2019, then rose to $18.9 million in 2020, fell $500,000 in 2021 and rose to $19.65 million in 2022, $20,325,000 in 2023 and $21.05 million in 2024.

Qualifying offers began after the 2012 season, and only 18 of 157 offers have been accepted.

A free agent can be made a qualifying offer only if he has been with the same team continuously since opening day and has never received a qualifying offer before.

Among the top players who can become free agents after the World Series and are eligible to receive qualifying offers are Seattle outfielder Randy Arozarena, New York Yankees left-hander David Bednar, Minnesota catcher Ryan Jeffers, Pittsburgh second baseman Brandon Lowe, San Diego left-hander Adrian Morejon, Baltimore left-hander Trevor Roger and Chicago Cubs outfielder Seiya Suzuki.

A record four players accepted last year from among the 13 who received offers: Chicago Cubs left-hander Shota Imanaga, Milwaukee right-hander Brandon Woodruff, New York Yankees outfielder Trent Grisham and Detroit second baseman Gleyber Torres.

Other potential free agents ineligible for qualifying offers this offseason include Philadelphia second baseman Luis Arraez, Baltimore right-hander Chris Bassitt, New York Mets third baseman Bo Bichette, Arizona right-hander Zac Gallen, San Diego right-hander Michael King, Padres left-hander Robbie Ray, Los Angeles Dodgers left-hander Tarik Skubal and Toronto outfielder George Springer.

Bichette and King must decide on player options.

A qualifying offer can be made through the fifth day after the World Series, and a player has a week after that to accept.

If a team makes a qualifying offer to a player who signs a major league contract with another club before the amateur draft, his former club would receive a draft pick as compensation at the end of the first round or at the end of competitive balance round B. The placement depends on the amount of the new contract and the revenue-sharing and luxury tax status of the team losing the player.

Qualifying offers began at $13.3 million. Other players who accepted are Baltimore catcher Matt Wieters, Houston outfielder Colby Rasmus and Dodgers left-hander Brett Anderson ($15.8 million for 2016); Mets second baseman Neil Walker and Philadelphia right-hander Jeremy Hellickson ($17.2 million for 2017); Dodgers left-hander Hyun Jin Ryu ($17.9 million for 2019); Chicago White Sox first baseman José Abreu and Minnesota right-hander Jake Odorizzi ($17.8 million for 2020); San Francisco right-hander Kevin Gausman and Mets right-hander Marcus Stroman ($18.9 million for 2021); Giants first baseman Brandon Belt ($18.4 million for 2022; Texas left-hander Martín Pérez and Giants outfielder Joc Pederson ($19.65 million for 2023); and Cincinnati Reds right-hander Nick Martinez ($21.05 million for 2025).