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.”
Apr 25, 2015, 7:10 PM EDT
The Rays designated slugger Allan Dykstra for assignment to make room for Everett Teaford on Saturday.
Apr 25, 2015, 6:15 PM EDT
Watch Kevin Plawecki swat his first major league homer.
Apr 25, 2015, 5:21 PM EDT
But it’s not Rusney Castillo time yet.
Apr 25, 2015, 5:01 PM EDT
The Marlins have stumbled out of the gate with a disappointing 6-11 record, but they entered play today on a three-game win streak and here’s some good news about their rehabbing ace.
Apr 25, 2015, 4:27 PM EDT
Fanning was involved in baseball for more than 60 years.
Apr 25, 2015, 4:01 PM EDT
It’s of utmost importance that this happens.
Apr 25, 2015, 3:48 PM EDT
It looked like the Blue Jays had one of the best young left-handed pitchers in the game after Romero compiled a 3.60 (119 ERA+) across his first three seasons in the majors, but his career veered off track after 2011 due to control problems and knee issues.
Apr 25, 2015, 3:05 PM EDT
Albers suffered a compression fracture of a finger on his throwing hand during Thursday’s brawl.
Apr 25, 2015, 2:16 PM EDT
The Rangers will reportedly only be responsible for less than $7 million of Hamilton’s remaining contract.
Apr 25, 2015, 1:58 PM EDT
Anthony Rendon suffered a sprained MCL in his left knee in early March, but he’s finally close to joining the Nationals.
Apr 25, 2015, 1:54 PM EDT
Surgery will likely cost him 4-6 weeks.
Apr 25, 2015, 1:05 PM EDT
TJ House will start in his place against Detroit.
Apr 25, 2015, 12:24 PM EDT
Six players were suspended for Thursday’s benches-clearing brawl between the White Sox and Royals. Yordano Ventura got the longest suspension with seven games.
Apr 25, 2015, 12:01 PM EDT
Nelson Cruz just keeps on mashing for the Mariners.
Apr 25, 2015, 11:15 AM EDT
Five players were ejected after Thursday’s benches-clearing brawl between the White Sox and Royals, but there was also some drama behind the scenes.
Apr 25, 2015, 10:20 AM EDT
Could a trip to the disabled list be in Yasiel Puig’s future?
Apr 25, 2015, 9:38 AM EDT
Check out a double-dose of defensive excellence from Rockies third baseman Nolan Arenado.
Apr 25, 2015, 8:49 AM EDT
A quick recap of a busy Friday night around MLB, including another promising outing from Carlos Martinez.
Apr 24, 2015, 11:35 PM EDT
The Dodgers made a couple of moves to make room for reliever Sergio Santos, called up on Friday.
Apr 24, 2015, 11:00 PM EDT
Hisashi Iwakuma is dealing with a strained right lat muscle.
- Report: Rangers will pay Josh Hamilton less than $7 million; deal includes opt-out after two years 58
- Suspensions announced for Thursday’s brawl between the White Sox and Royals 74
- Settling the Score: Friday’s results 80
- Report: Angels, Rangers agree on Josh Hamilton trade 66
- Must-Click Link: Alex Rodriguzez: the slugger with a thousand faces 22
- And That Happened: Thursday’s scores and highlights 114
- The Royals and White Sox had a benches-clearing fracas, five players ejected 155
- Bartolo Colon picks off a baserunner. By running him down all by himself. 55
- The early leaders in MLB’s “Franchise Four” thing have been announced (166)
- The Royals and White Sox had a benches-clearing fracas, five players ejected (155)
- Kelvin Herrera gets a five-game suspension; Yordano Ventura fined (133)
- Jose Bautista and the Orioles exchanged some words last night (117)
- Joe Buck has a truly awful suggestion about how to improve MLB broadcasts (116)