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 30, 2015, 10:31 AM EDT
We should totally have live “Jeopardy!”
Jul 30, 2015, 10:15 AM EDT
Houston made a run at him.
Jul 30, 2015, 9:56 AM EDT
A playoff rotation of Kershaw, Greinke and Price would be reDONKulous.
Jul 30, 2015, 9:37 AM EDT
The Cardinals may be small market, but they’re certainly not small revenue.
Jul 30, 2015, 9:15 AM EDT
Moss is hitting just .217/.208/.487 this season but he has a line of .254/.340/.504 over the previous three years.
Jul 30, 2015, 8:45 AM EDT
Even if the deal wasn’t done, the Mets should’ve taken Wilmer Flores out of the game.
Jul 30, 2015, 7:33 AM EDT
Trades are judged twice: when they’re made and a couple of years later when we see how they turned out. For now, however, this is a win-win deal for Texas and Philadelphia.
Jul 30, 2015, 7:02 AM EDT
The Astros regain the lead in the AL West by taking another one from the Angels.
Jul 30, 2015, 1:12 AM EDT
In a bit of an oddity, two World Series contenders made a trade.
Jul 30, 2015, 12:05 AM EDT
Unique situation Wednesday night at Citi Field.
Jul 29, 2015, 11:31 PM EDT
Houston defeated Anaheim 6-3 to jump back into first place in the American League West.
Jul 29, 2015, 10:46 PM EDT
It’s a massive two-team, eight-player blockbuster deal that will net the Phillies a frontline starter for this year and years to come while injecting more young talent into the Phillies’ under-construction minor league system.
Jul 29, 2015, 9:31 PM EDT
It’s now even more imperative that St. Louis general manager John Mozeliak secures a first baseman before the July 31 trade deadline.
Jul 29, 2015, 9:01 PM EDT
What a crazy night.
Jul 29, 2015, 8:58 PM EDT
Troy Tulowitzki struck out swinging in his first Blue Jays at-bat Wednesday night against the Phillies, but he unloaded on this Jerome Williams pitch in his second trip to the plate …
Jul 29, 2015, 8:12 PM EDT
There’s been a lot of speculation that these two could be a fit, and now it may be close to happening …
Jul 29, 2015, 7:44 PM EDT
Andrew McCutchen launched a traditional two-run homer in the top of the fifth inning Wednesday in the Pirates’ 10-4 rout of the Twins and then went Little League style in the top of the sixth …
Jul 29, 2015, 7:01 PM EDT
An MRI taken Tuesday ruled out anything serious, but Trout does have a bit of wrist inflammation.
Jul 29, 2015, 6:17 PM EDT
The very latest on the Cole Hamels trade front …
Jul 29, 2015, 5:21 PM EDT
The trade deadline be crazy.
- Both the Phillies and the Rangers did well in the Cole Hamels trade 50
- Rangers land ace left-hander Cole Hamels from Phillies 101
- Mets, Brewers call off reported Carlos Gomez trade 74
- Dodgers, Marlins, Braves trade involving Mat Latos “simply being held up by paperwork” 73
- The Tigers are going to “reboot;” plan to trade Price and Cespedes 74
- Why do managers wear uniforms anyway? 49
- And That Happened: Tuesday’s scores and highlights 51
- Astros “making a strong effort” for Phillies ace Cole Hamels 32
- The MLBPA is considering withholding cooperation with ESPN, Fox over Colin Cowherd’s comments (157)
- The Cubs are in discussions with the Phillies on Cole Hamels (146)
- Colin Cowherd wonders how baseball can be considered “complicated” if Dominicans can understand it (129)
- Major League Baseball rips Colin Cowherd in an official statement (123)
- Settling the Scores: Wednesday’s results (106)