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.”
Sep 20, 2014, 6:05 PM EDT
Glen Perkins tried to tough out an injury and it didn’t go so well, but he seems to have learned his lesson.
Sep 20, 2014, 5:20 PM EDT
This was a day of missed opportunities for the Royals.
Sep 20, 2014, 4:24 PM EDT
Zimmerman has been sidelined since July 22 due to a Grade 3 strain of his right hamstring.
Sep 20, 2014, 3:26 PM EDT
The Braves have wilted down the stretch and it appears that some changes could be in store for their front office following the season.
Sep 20, 2014, 2:29 PM EDT
With Derek Jeter’s career coming to an end, the Yankees will open the gates early next week for their final home series of the season.
Sep 20, 2014, 1:50 PM EDT
Hudson has a 9.92 ERA over four starts this month.
Sep 20, 2014, 1:01 PM EDT
Twins right-hander Phil Hughes has thrived with a change of scenery this season and he could finish the year with a place in MLB history.
Sep 20, 2014, 12:16 PM EDT
Tanaka has been out since July 8 with a partially torn ulnar collateral ligament in his right elbow, but he’ll make his return Sunday against the Blue Jays.
Sep 20, 2014, 11:29 AM EDT
I’m going to guess that the little girl is suffering from Jeter fatigue.
Sep 20, 2014, 10:49 AM EDT
John Lackey had his most recent turn in the Cardinals’ rotation skipped due to a “dead arm,” but he was impressive in his return last night.
Sep 20, 2014, 10:09 AM EDT
Michael Cuddyer has had a really tough time staying healthy this season, but the impending free agent is making up for lost time right now.
Sep 20, 2014, 9:31 AM EDT
A fan sacrificed his popcorn to catch a home run ball last night at Turner Field.
Sep 20, 2014, 8:57 AM EDT
A quick recap of a busy Friday around MLB, including the A’s getting back in the win column.
Sep 19, 2014, 11:45 PM EDT
A Phillies pitching prospect violated the minor league drug policy and was suspended 50 games, beginning at the start of the 2015 season.
Sep 19, 2014, 11:05 PM EDT
Russell Martin hit a timely three-run home run to send the Pirates to a late win over the Brewers on Friday night, extending their lead for the second NL Wild Card slot.
Sep 19, 2014, 10:40 PM EDT
David Ortiz found yet another reason to hear his name uttered in the same breath as Ted Williams.
Sep 19, 2014, 9:55 PM EDT
Jacoby Ellsbury suffered a strained right hamstring in the fourth inning on Friday night against the Blue Jays. He’ll undergo an MRI to determine the severity of the injury.
Sep 19, 2014, 9:15 PM EDT
The Angels’ rotation is thin beyond Matt Shoemaker, Jered Weaver, and C.J. Wilson, so manager Mike Scioscia may do the obvious thing and utilize a three-man rotation in the ALDS.
Sep 19, 2014, 8:35 PM EDT
There isn’t much time left in the regular season, which may mean Mets fans won’t see Juan Lagares patrol the outfield until spring training in 2015.
Sep 19, 2014, 8:02 PM EDT
Perkins, who had a 2.44 ERA as recently as August 25, finishes the season with a 3.65 ERA and 66/11 K/BB ratio in 62 innings while saving 34 games.
- Tigers hang on for second straight win against Royals 1
- Phil Hughes could finish the season with the best K/BB ratio in MLB history 10
- Settling the Score: Friday’s results 22
- Clayton Kershaw wins his 20th game of the season 11
- Why are so many people acting like Bryce Harper is a bum? 79
- It certainly looks like Barry Bonds’ criminal conviction is going to be overturned 91
- And That Happened: Thursday’s scores and highlights 72
- VIDEO: Derek Jeter hits first home run at Yankee Stadium this season 11
- Geddy Lee’s baseball obsession makes it really hard for me to hate Rush (110)
- Ron Washington claims he resigned because he cheated on his wife (103)
- It certainly looks like Barry Bonds’ criminal conviction is going to be overturned (91)
- And That Happened: Tuesday’s scores and highlights (83)
- Umpire ejects jackwagon fan heckling Bryce Harper in Atlanta last night (82)