Right-hander Yovani Gallardo has rejected the Rangers' $15.8 million qualifying offer.
That $15.8 million salary was determined by averaging the top 125 player salaries from the 2015 season. Any team making such an offer, if rejected, receives a compensatory Draft pick at the end of the first round if the player signs with another team. Compensation picks will be made in reverse order of teams' winning percentage from the 2015 season.