Brandon Lowe officially has a qualifying offer from the Pirates, but his real market could look much different. Alex Stumpf examines projections ranging from three years and $45 million to five years and $150 million, looks at the clubs that could compete with Pittsburgh and settles on a possible four-year deal worth roughly $75–80 million. With 2027 looming as a pivotal season, the Pirates may need to accept some future risk to keep one of their most important players.

Watch or listen to today’s OffBeat.