The Rays will extend a qualifying offer to Alex Cobb for 2018, according to a report from MLB Network Insider Jon Heyman on Sunday.
The club has not confirmed the report.
The 30-year-old right-hander is a free agent this offseason after spending his first six Major League seasons with Tampa Bay. Cobb made 29 starts and went 12-10 with a 3.66 ERA and 128 strikeouts in 179 1/3 innings in 2017, his second season removed from Tommy John surgery.
A qualifying offer is a one-year deal worth $17.4 million for 2018, the average salary of MLB's 125 highest-paid players.