In light of the Lynn 1-year deal, I notice there are only three more FAs who rejected QOs left out there, now. All pitchers -- Arrieta, Cobb and Holland.
I know that, for me, I feel a lot like I felt starting out 2016, in that I thought we had a killer rotation and one of the best starting 8 in all of MLB, but I wasn't sure we were going all the way with Hector Rondon as our closer. I feel that yeah, it's possible that Morrow excels in a role he has never actually been thrust into before -- but I don't feel sure about it.
That said, depending on who signs Arrieta, from the QO gain/loss perspective, wouldn't that be something of a wash if another team signs Jake (we collect the QO picks and slot money, thanks) and then, say, we sign Holland (we give pretty much the same back out, thanks).
That would make acquiring Holland QO-impact-neutral, in a net sense. The only question from there would be if we could put anything at all together that would keep us under the luxury tax threshold, all things considered. (Cutting, say, Grimm's salary entirely wouldn't entirely fix the problem, and I'm not certain how much of that salary the Cubs would have to pay even if they DFA'ed him.)
However, if you look at it from the perspective of Holland being available with essentially a neutral QO impact... that means the Cubs, moreso than other teams at this stage, may be in a better position to consider a one-year contract with Holland. If Holland gets to where it's a delaying-tactic single-year deal or nothing, he may sign for less than $10 million for the season. If other teams aren't wanting to sign the guy to a multi-year deal because of the QO impact, they're sure as shit not looking to sign him on a one-year stopgap just to pay the same QO draft pick and slot money penalty. (Unless he re-signs with the Rockies, of course.)
But since it would be QO-neutral for the Cubs, we maybe could consider it. Like I say, it would just be a matter of how do you juggle the payroll to stay under that cap?
Of course, this all assumes Arrieta signs with somebody before the draft... sigh... At this point, I don't know that, in your QO-impact calculations, you can absolutely count on that.
But... I know I'd feel one heck of a lot more secure with Holland replacing Grimm in the bullpen, and replacing Morrow as the closer. The one-two of Morrow-Holland, with the quality guys sitting underneath them, could get us up over 110 wins for the year with this team and rotation, IMHO...