Aug 10, 2009, 12:45 PM EDT
Much was made of the Pirates dumping a bunch of salary at the trading deadline, as they parted with relatively high-priced veterans Freddy Sanchez, Jack Wilson, John Grabow, and Adam LaRoche after previously dealing away Nate McLouth and Eric Hinske. Together those moves saved the team $7.3 million from the Opening Day payroll of $55 million, which didn’t sit well with some fans.
Pirates president Frank Coonelly even felt the need to defend the organization by explaining that “the savings are not nearly as large as some believe.” By itself slashing payroll is something that fans should absolutely question, particularly when the team involved is in the midst of a 17th straight losing season and has a nine-year-old ballpark that in theory was created to help support larger salaries. However, in this case the Pirates turned the money saved by dealing veterans into bonuses for hard-to-sign draft picks.
After paying the MLB-recommended slot price of $2.5 million for No. 4 overall pick Tony Sanchez, the Prices went significantly over slot to sign sixth-round pick Zach Von Rosenberg for $1.2 million and eighth-round pick Colton Cain for $1.1 million. In all they handed out $3.4 million to four high-school pitchers who dropped to them because of concerns about their bonus demands and ended up spending a grand total of $8 million on this year’s draft class.
Obviously only time will tell whether those above-slot signings will pay off, but investing $8 million in a bunch of high-upside prospects has a much higher likelihood of turning the Pirates into a long-term winning team than spending the same money on guys like Sanchez, LaRoche, Wilson, and Grabow. If the goal is to build a consistent winner rather than simply snapping the streak of losing seasons, Pirates management made the right call.
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