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Pablo Sandoval has rejected the Giants' one-year, $15.3 million qualifying offer and will hit the open market as a free agent for the first time in his career, according to a Fox Sports report.

Sandoval, 28, is expected to see a number of hefty multiyear contract offers come his way.

[RELATED: Giants extend qualifying offer to Sandoval]

The Giants will receive a draft pick as compensation if he signs with another team.

Sandoval’s camp turned down a three-year, $40 million offer in the spring, and at the time, sought to use Hunter Pence’s five-year, $90 million deal as a floor in talks. There have been no substantive conversations between Sandoval’s agents and the team since that time, but the asking price most certainly has increased with a thin market on the heels of another World Series title.

Sandoval set an MLB record with 26 hits this postseason and has established himself as one of the league's more clutch postseason performers.

A two-time All-Star, 2012 World Series MVP and a finalist for NL Gold Glove this season, Sandoval has hit .294 with 106 home runs over seven years with the Giants. He is hitting .344 with six home runs in 39 playoff games.