Mar 25, 2013, 1:31 PM EDT
“People call me all the time and say, ‘Man, your players aren’t signed yet. Well, it doesn’t really matter what time dinner is when you’re the steak.”
Now steak is served, and steak costs approximately $12 million a year over four years for the Bourn strip and $11 million a year for three years for the filet Lohse. Good deals on steak, or market price?
That’s the big question now, as the two most high-profile free agents subject to draft pick compensation have finally found homes. Did the market work how it was intended to work, or did these two get boned because of the draft picks that were the cost of doing business with them?
I can sort of see it both ways.
On the one hand, in a vacuum, I’d say that Bourn and Lohse are basically worth what they got. This isn’t economics I’m talking about here. It’s gut. It’s me looking at their performances in recent years, their ages, their skill sets and consulting with all of the intangible crap that floats around ife and saying “yeah, that seems about right.” $48 million and $33 million, respectively, are numbers that, if my team signed them for, I’d probably be able to live with. And if some team signed them for significantly more, I’d say “hmm, seems like an overpay.”
On the other hand, free agents don’t exist in a vacuum. They exist in a market in which other guys sorta like them sign. And I see B.J. Upton and Jake Peavy and Edwin Jackson and a lot of other free agents getting deals that are either worth much more or, given the relative quality of the players involved, seem to be more valable for the guys in question than what Bourn and Lohse got. Put differently, I can’t help but think that those “overpays” I mentioned above would have come to pass but for the free agent compensation.
And now, with everyone of any stature signed, people are going to revisit that free agent compensation thing. Some are going to argue that it’s unfair. Some are going to argue that it worked the way it was intended and it kept free agent salaries from getting out of control. I don’t know that it truly worked either effect particularly well.
Shane Victorino showed that if you’re not quite worth a $13.3 million risk in a qualifying offer, you still can get that much times three on the market whereas, if he were better and worth the qualifying offer, he’d get nothing approaching it. The top end guys showed that owners will still pay near-silly money for free agents. Overall, there wasn’t a ton of discipline exacted on the market. But if there was, it seemed to fall disproportionately on a couple of guys.
In that sense I’m not sure it worked for either the owners or the players, whatever they intended when they negotiated the last Collective Bargaining Agreement. Because I can’t imagine that the desired effect by either side was “a couple of free agents will get what, in vacuum, sorta seems fair to some fans.”
Jul 31, 2014, 4:20 PM EDT
All month the assumption has been that the Twins would either sign Kurt Suzuki to a contract extension or trade the 30-year-old impending free agent in the middle of his career-year.
Jul 31, 2014, 4:16 PM EDT
A super sub at heart who can and will be used at multiple positions by the Yankees.
Jul 31, 2014, 4:15 PM EDT
Recapping all of Thursday’s dealings in one spot.
Jul 31, 2014, 3:59 PM EDT
How committed are the Red Sox to blowing up the roster? They just made a trade with the Yankees–the Yankees–sending shortstop Stephen Drew to New York just 39 games after re-signing him to a $10 million deal.
Jul 31, 2014, 3:55 PM EDT
With Price in town, a guy who one the AL MVP and Cy Young Award a couple of years ago is now the TIgers fourth starter.
Jul 31, 2014, 3:40 PM EDT
In search of infield help with Ryan Zimmerman on the disabled list again, the Nationals have acquired switch-hitting shortstop Asdrubal Cabrera from the Indians in exchange for minor leaguer Zach Walters.
Jul 31, 2014, 3:19 PM EDT
Drip . . . drip . . . drip . . .
Jul 31, 2014, 3:13 PM EDT
This morning the Red Sox were reportedly close to trading left-handed reliever Andrew Miller to the Tigers, but that deal apparently fell through because now Jerry Crasnick of ESPN.com reports that Miller has been sent to the Orioles.
Jul 31, 2014, 2:21 PM EDT
A lefty masher is having a down year, but he can help out in Seattle.
Jul 31, 2014, 2:14 PM EDT
Parra’s offensive production has dropped off this season, falling about 50 points compared to his career norms, but he remains an excellent defensive corner outfielder capable of handling center field if needed.
Jul 31, 2014, 1:53 PM EDT
Tea leaves are fun.
Jul 31, 2014, 1:00 PM EDT
Not satisfied with adding Justin Masterson to the rotation yesterday, the Cardinals have added another veteran starter by acquiring John Lackey from the Red Sox. And, much like Boston’s deal to get Yoenis Cespedes from Oakland for Jon Lester, the Red Sox have prioritized the present by getting veterans Allen Craig and Joe Kelly in exchange.
Jul 31, 2014, 12:49 PM EDT
Seems that Gomes knows more about team chemistry than the people who hold him up as a paragon of good chemistry.
Jul 31, 2014, 12:38 PM EDT
Because the Dodgers can apparently never have too many current and former closers in the bullpen, Joel Sherman of the New York Post reports that they’re “trying hard” to acquire Joaquin Benoit from the Padres.
Jul 31, 2014, 12:30 PM EDT
It’s a win-win from where I’m sitting. In my basement studio. With shorts on beneath the suit jacket, even if I’m trying to look like I’m in an office.
Jul 31, 2014, 12:16 PM EDT
San Francisco released reliever Dan Runzler from Triple-A so that he can sign with the Orix Buffaloes in Japan, according to Andrew Baggarly of CSNBayArea.com.
Jul 31, 2014, 11:50 AM EDT
Joe Saunders has been released from Triple-A by the Royals, who’re the fourth organization to cut bait on the veteran left-hander this season.
Jul 31, 2014, 11:32 AM EDT
I never understand the Royals.
Jul 31, 2014, 11:13 AM EDT
Tommy Milone was the odd man out in the A’s rotation before today, so there was really no place for him in Oakland following the Jon Lester trade.
Jul 31, 2014, 11:12 AM EDT
Because, if you haven’t noticed, they have not sewn up the AL West yet.
- 2014 Trade Deadline Tracker 27
- ACES GALORE: The Rays trade David Price to the Tigers 59
- Red Sox trade John Lackey to Cardinals for Allen Craig and Joe Kelly 84
- The Lester trade is a win-win 112
- BLOCKBUSTER: Jon Lester and Jonny Gomes heading to Oakland for Yoenis Cespedes 164
- The State of the Trade Deadline: Yesterday was pretty sleepy. Will general managers wake up today? 40
- Cardinals acquire Justin Masterson from Indians 49
- There’s a “very good chance” the Red Sox trade Lackey and Lester 53
- Expert’s Corner: How to troll fans of all 30 teams (201)
- “Caucasians” t-shirts are hot sellers on Canadian Indian reservations (199)
- BLOCKBUSTER: Jon Lester and Jonny Gomes heading to Oakland for Yoenis Cespedes (164)
- Rangers’ retirement gifts for Derek Jeter: Yankees cowboy boots, signed George W. Bush photo (123)
- The Lester trade is a win-win (112)