Showing posts with label Free Agents. Show all posts
Showing posts with label Free Agents. Show all posts

Sunday, May 4, 2008

Contract Years

The fact that there is actual evidence that players perform better in contract years has always interested me. It's one of the relatively few old baseball clichés that have been confirmed by actual data. Today- and, probably, a couple more times throughout the course of the season- I thought I'd check in on some of the bigger names that are eligible for free agency this winter.

The following players have been selected completely arbitrarily (from here)- I'll probably look at a different group if I do this again.

Pat Burrell
.320/.445/.670, 9 HRs, 24 BBs, 23 Ks

It's unlikely that Burrell will continue doing his best '00 Bonds impersonation, but notice the BB/K ratio. In his first year in the league, he struck out in 34.1% of his PAs, and walked in 13.4%. He's been steadily improving since:


His other numbers have also steadily increased, if not as consistently. He's 31- the hot start puts him in good position to have a career year, and it's certainly nice timing.

It'll be interesting to see how much he gets in the offseason. In theory, I'd think that the same GMs that appreciate the walks and don't mind all the Ks (read: the smart ones) would be hesitant to invest too heavily in a 31-year old with the dreaded "old player skills". Although maybe he'll end up with a high enough BA and HR total that it won't matter.

Adam Dunn
.209/.371/.374, 4 HRs, 24 BB, 24 K

At least he's still walking.

This seems like unfortunate timing for Dunn, doesn't it? Unless there is a dramatic reversal of fortunes, he will be viewed as a secondary option to Burrell. I won't waste everybody's time pointing out the obvious similarities. Not an ideal situation for Dunn, but it might make him a good deal for whichever team he ends up with. Maybe a certain GM with a team incapable of scoring runs that needs a LF anyway is thinking the same thing.

C.C. Sabathia
1-5, 7.51 ERA, 38.1 IP, 50 H, 6 HR, 18 BB, 37 K

The K/BB still isn't yet at the lofty numbers we've come to expect from Sabathia, but considering it was 14/14 after four starts, he's recovered quite nicely. And if Franklin Gutierrez was capable of catching a fairly routine fly ball, his ERA over his last three starts would likely be under 1. The ERA looks like it'll be fine, if a little inflated because of the early struggles. Whether the Indians will be able to score enough wins to get him a respectable win total is an entirely different story.

It doesn't really matter though. By November, those four April starts will be ancient history- barely more recent than the the '07 Cy Young award. How much will he get? Santana's contract (6/137.5) is probably a good starting point- Johan is better, but he also never got to test the open market. With the way "Generation Trey" is shaping up, I might even (cringe) take the over on that.

Ben Sheets
4-0, 2.29 ERA, 39.1 IP, 3 HR, 11 BB, 33 K*

Well, Gagne isn't helping. Obviously, the big thing with Sheets is health, as he has a 3.77 career ERA but has averaged just 21 starts/year since 2004. I apologize if this was covered in Baseball Between the Numbers- strangely, I don't own it- but I wonder if guys tend to stay on the field longer in contract years. That's not to question Sheets' "toughness" or whatever- I can't blame the guy for having some extra incentive to stay out there and get those IP totals back to his '02-'04 levels.

Because of the injuries, Sheets probably has the most to lose/gain over the next five months. If he wins the Cy Young, how much could he get? 5/90? That may be a little high, but it doesn't seem unreasonable. On the other hand, if he gets hurt in his next start, who's going to give him more than one, maybe two years? Besides him.

Rafael Furcal
.381/.466/.603, 4 HRs, 19 BB, 15 K

Both Furcal's BABiP (.411) and ISO (.222) are way above his career averages. There's no way the BABiP stays that high- he's been between .298 and .350 each year of his career. The ISO is impressive though, and it's not only a product of an increased HR/FB%, since he has 12 doubles and 4 triples. He won't keep this up, but this winter's contract should look similar to the 3/39 the Dodgers gave him after 2005.

*Stats include Sunday's game; everybody else's are through Saturday.

(By the way, Macklin is transferring to Florida.)

Photo: ESPN.

Friday, December 7, 2007

The Dodgers Are Smart?

The Dodgers' signing of Andruw Jones is very interesting to me. This was a very unique situation, since it was a marquee player coming off a pretty atrocious (.222/.311/.413) year. This led to the unique contract, considering the current market, of two years and $36.2 million.

First of all, let's compare:
Torii Hunter, career 104 OPS+ and 14 FRAA, age 32, signs 5 yr, $90MM contract
Andruw Jones, career 113 OPS+ and 218 FRAA, age 30, signs 2 yr, $36MM contract

Without considering the circumstances, this is a fantastic deal for the Dodgers. Despite what happened last year, Jones is better than Hunter. He's also two years younger. Yet they were able to land him while committing $54MM less. I would like to take this opportunity to remind everybody the Angels will be paying Torii Hunter $18MM when he is 37.

The Dodgers' problem is that it doesn't invalidate Juan Pierre's contract. It also doesn't make him good. So he's still owed $36.5MM over the next four years, and still has had OPS+es of 84, 82, and 75 over the last three years.

This is an issue. It looks like Pierre will be moved to LF. According to this, the average left fielder hit .271/.346/.442 last year. Pierre hit .293/.331/.353 last year. Isn't it amazing how the Angels and Dodgers both signed CFs to deals that everybody agreed were stupid a year ago, and now they're both essentially admitting their mistakes and ponying up even bigger bucks to replace those guys? Isn't there something wrong with this picture?

Anyway, I thought this deal was particularly interesting from Jones' standpoint. Andruw's agent is Scott Boras. Scott Boras likes money (or so I've heard). So, in only getting a two year deal, is Boras leaving money on the table here? Sheehan thinks so, but I'm not so sure I agree.

Jones had two things going against him this offseason. First, he hit .222 last year. Second, there were two other highly sought after CF free agents.

So Jones has to "settle" for $36MM now, and will be a FA again after the '09 season, at the age of 32. This gives him more security than a one-year deal would; let's not forget that $36MM is a lot of money. Without bothering to look it up (I don't know where I would), I'm going to guess that the CF free agent class two years from now is going to be weaker than this year's version. I'm also going to assume that Jones is going to hit higher than .222 in each of the next two years, because he is.

So let's say he has two normal Andruw Jones years, hitting around .260/.345/.500/ while continuing to be an asset in center. When he's a free agent, what's going to stop some team from throwing "Torii Hunter money" at him? He'll be the same age as Hunter is now, and he'll have a more impressive resume. Maybe he won't be coming a career year like Hunter is, but the fact that he is *better* should cancel that out.

Salaries have been rising at 8% per year. So in two years, 5/90 will be 5/105. Add that to his current deal, and we're at 7/141. Not bad. It's risky, since he could get hurt, or not return to form, but the most likely scenario gives him a nice payday two years from now. (That 5/105 contract will be terrible by the way, overpaying for the downside of his career, and I'll probably just change "Hunter" in this article to "Jones"...but that's not the point.)

Let's contrast this with his other option- signing a long-term deal now. I'm gonna guess that he could have gotten 5/75 this winter, if he wanted that length. Then he'd hit the market again at age 35. There is *no way* that he'd get a contract for 2 yrs, $66MM, which is what it would take to get him up to 7/141 in total.

I think this makes sense. He's delaying his big payday for two years, while still getting an impressive annual salary in '08 and '09. This allows him to hit the market at a time that is more favorable for him, and looks like it's got a good shot of netting him more money in the long run. Boras didn't turn down extra cash, he just switched up some variables to swing the odds in his client's favor.

(Photo from Busted Play, all contract information taken from Cot's.)

Tuesday, November 27, 2007

Rules Are Made To Be Broken

I find this very interesting:
"Under the agreement, which remains to be finalized, Rodriguez could receive $6 million each for tying the home-run levels of Willie Mays (660), Babe Ruth (714), Hank Aaron (755) and Barry Bonds (762), and an additional $6 million for breaking Bonds' major league record."
As I understand it, this, standing alone, is blatantly against the rules. You can have incentive clauses for playing time (games, PAs, starts), but not performance.
"The Yankees could designate each level as a historic event, enabling Rodriguez to receive the added money in exchange for additional personal appearances and signed memorabilia for the club. That enabled the agreement to be allowed by the players' association and the commissioner's office."
I would have to assume that it's pretty clear to everyone that this is complete BS. "Additional personal appearances"? The players' association goes along with this for obvious reasons. But why does the commissioners' office? How do they benefit? I suppose this is a pretty unique situation, and they don't fear that they're setting a bad precedent.

About six years from now, this is going to get very interesting. Rodriguez will be 38. Chances are he'll still be raking, but what if he isn't? He's making an average of $27MM per year on this contract, but that starts "low" and escalates as the years go by. So say he's struggling in 2013 (I don't know; .260/.345/.500), but manages to hit HRs 755-763.

It's entirely possible that he'll take home $50MM ($32MM base + $18MM in HR bonuses) for that level of production. And if New Yorkers booed A-Rod mercilessly while he was hitting .290/.392/.523 in 2006, I can't imagine they'd be particularly receptive to him in that situation.

Photo: Celebrity Incomes.
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