Major League Baseball has set the qualifying offer for the upcoming offseason at $17.4MM, MLBTR’s Tim Dierkes reports (Twitter link).

With the news, teams can now make full assessments of whether to issue qualifying offers to pending free agents. Offers are due five days after the World Series wraps up; players will then have ten days to weigh them.

Prior indications were that the figure would land somewhat higher, with expectations sitting in the range of $18.1MM. Last year, the QO sat at $17.2MM, so this represents only a marginal tick upward. Though the variations here are relatively small relative to the total value, every bit of money adds up for teams that are looking to map out a payroll plan.

When the QO system went into effect in the fall of 2012, the offer price — which is set by averaging the top 125 salaries leaguewide — was set at $13.3MM.