Padres extended a one-year, $23.15 million qualifying offer to LHP Adrian Morejon.

Morejon is one of the most compelling free agents to hit the open market this offseason after establishing himself as one of the premier high-leverage arms in the game. The odds that he accepts the qualifying offer are virtually nonexistent. The soon-to-be 28-year-old southpaw has posted a sparkling 2.58 ERA, 1.09 WHIP and 248/66 K/BB ratio across 223 1/3 innings over the last three seasons. He could generate interest as a closing option for a contender, though the success of recent reliever-to-starter converts like Michael King, Clay Holmes, Seth Lugo and Griffin Jax figures to spark conversations around the league about his potential as a rotation option. His fantasy appeal will rise exponentially in either role, as a departure from San Diego should give him a legitimate opportunity in either direction.