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.”
Mar 30, 2015, 11:34 PM EDT
Garcia, 38, last pitched in the majors in 2013 as a member of the Orioles and Braves.
Mar 30, 2015, 11:25 PM EDT
Ryan Hanigan and Sandy Leon figure to handle catching duties for the Red Sox in the early part of the season.
Mar 30, 2015, 10:10 PM EDT
This day has mostly been about who will not be on the Cubs’ Opening Day roster, but it was announced this evening that reliever Phil Coke has earned a spot on the team.
Mar 30, 2015, 9:15 PM EDT
In a decision that was all but inevitable after news of Jaime Garcia’s renewed shoulder issues, Cardinals manager Mike Matheny confirmed today that right-hander Carlos Martinez has won the fifth spot in the starting rotation.
Mar 30, 2015, 8:05 PM EDT
The Diamondbacks will go into the season with a starting rotation of Josh Collmenter, Jeremy Hellickson, Rubby De La Rosa, Trevor Cahill, and Chase Anderson.
Mar 30, 2015, 7:09 PM EDT
The two sides first discussed the possibility prior to Polanco’s promotion to the majors last year.
Mar 30, 2015, 6:19 PM EDT
Rendon suffered what was termed as a minor MCL sprain in his left knee on March 9 and continues to feel discomfort.
Mar 30, 2015, 6:02 PM EDT
That Nationals don’t need another injury. But they may have one.
Mar 30, 2015, 5:30 PM EDT
I’d still be surprised if they went down that road — and I think it’s a bad road to go down — but Tony Clark is leaving the option on the table.
Mar 30, 2015, 5:10 PM EDT
Everth Cabrera, who was the Padres’ starting shortstop for most of the past three seasons, looks likely to fill in for Hardy.
Mar 30, 2015, 4:47 PM EDT
Downs signed a minor-league deal in mid-December.
Mar 30, 2015, 4:32 PM EDT
The Cubs are playing ersatz baseball, you see. And this is the, um, apogee of something.
Mar 30, 2015, 3:50 PM EDT
In exchange for Matt den Dekker.
Mar 30, 2015, 3:36 PM EDT
Rodon ranked as a consensus top-20 prospect and has top-of-the-rotation upside, so expect to see him in Chicago by the All-Star break.
Mar 30, 2015, 2:33 PM EDT
He just signed on March 9, but after three awful appearances, the M’s have cut bait.
Mar 30, 2015, 1:49 PM EDT
Carlos Martinez time in the Cardinals’ rotation?
Mar 30, 2015, 1:20 PM EDT
He posted a 3.33 ERA in 70 appearances for the Padres in a limited role, logging a total of just 54 innings with a 51/33 K/BB ratio.
Mar 30, 2015, 1:07 PM EDT
Service time manipulation, the depth chart and hacktastic tendencies mean that the future is not quite here for three of the Cubs’ top prospects.
Mar 30, 2015, 12:46 PM EDT
Maholm has indicated that he wants to continue starting, which likely sealed his fate in Cincinnati and limits his options going forward.
Mar 30, 2015, 12:30 PM EDT
Baseball technically has a rule against “fraternization.” It’s a dumb rule.
- The Cubs assign Kris Bryant and Addison Russell to the minors, option Javier Baez as well 60
- 2015 Preview: Arizona Diamondbacks 6
- 2015 Preview: Toronto Blue Jays 67
- Mariners prospect Victor Sanchez has died 24
- 2015 Preview: Chicago White Sox 15
- Did David Ortiz admit to more than he realized with his Players’ Tribune editorial? 88
- 2015 Preview: Atlanta Braves 15
- David Ortiz: “Nobody in MLB history has been tested for PEDs more than me” 118
- Ex-Cardinals outfielder Curt Ford was assaulted in St. Louis and told to “go back to Ferguson” (122)
- David Ortiz: “Nobody in MLB history has been tested for PEDs more than me” (118)
- Rob Manfred says it would be hard to reinstate Pete Rose in a limited way (89)
- Did David Ortiz admit to more than he realized with his Players’ Tribune editorial? (88)
- The MLBPA releases a statement on Kris Bryant, mentions possible litigation (85)