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.”
Oct 21, 2014, 1:47 PM EDT
Mark Appel had a weird season, as the former No. 1 overall pick was awful at Single-A with a 9.74 ERA in 12 starts and then made headlines over the weird quasi-controversy of him throwing a bullpen session in Houston.
Oct 21, 2014, 1:30 PM EDT
So drunk that today’s editorial says that the taxpayer subsidies to renovate the place several years ago are all worth it. Um, yeah.
Oct 21, 2014, 1:15 PM EDT
He replaces rookie Christian Colon.
Oct 21, 2014, 12:46 PM EDT
Breaking down tonight’s starters, the bullpens and the magic.
Oct 21, 2014, 11:53 AM EDT
I suppose she could parachute into the stadium and surprise us or something, but don’t count on it.
Oct 21, 2014, 10:59 AM EDT
Minor leaguers have filed a lawsuit against Major League Baseball alleging unfair labor practices. Here’s the story of one player who realized that there has to be a better way.
Oct 21, 2014, 9:29 AM EDT
If anyone tells you they know what’s going to happen in the next week they’re lying to you. But let’s try to break this thing down all the same.
Oct 21, 2014, 8:55 AM EDT
For the third time in five years, the Giants are in the World Series. For the third time in five years, someone tries to claim they’re there because they are some sort of anti-stats organization. Which is baloney.
Oct 21, 2014, 8:30 AM EDT
To be fair, a Colossal Dog probably tastes pretty good.
Oct 21, 2014, 6:42 AM EDT
After four days without baseball, the World Series finally kicks off. Wait, not, it begins. “Kicks off” is a football term and dumb football is the whole reason we had to wait four days for the World Series to start.
Oct 20, 2014, 11:01 PM EDT
The Cardinals expect that Wainwright will benefit from normal rest during the offseason.
Oct 20, 2014, 9:46 PM EDT
Molitor has been considered the favorite for the job and now he’s having another meeting with GM Terry Ryan.
Oct 20, 2014, 8:31 PM EDT
Choate posted a 4.50 ERA over 61 appearances this season, but he held left-handed batters to an .093/.205/.147 batting line.
Oct 20, 2014, 7:40 PM EDT
Bogar served as former manager Ron Washington’s bench coach and then went 14-8 as interim manager for a team that had been horrible until that point.
Oct 20, 2014, 7:16 PM EDT
The Yankees aren’t hiring Dave Magadan as hitting coach, but he could be the favorite for the A’s job after Chili Davis left for the Red Sox.
Oct 20, 2014, 6:23 PM EDT
Royals manager Ned Yost chose Jason Vargas over James Shields to start Game 4 of the ALCS and now we know one factor that played into the decision: Shields was busy passing a kidney stone.
Oct 20, 2014, 6:13 PM EDT
Following in the footsteps of fellow MLB players Robinson Cano, CC Sabathia, and his teammate and countryman Rusney Castillo, Red Sox outfielder Yoenis Cespedes will now be represented by Jay Z’s Roc Nation Sports.
Oct 20, 2014, 5:17 PM EDT
Hudson revealed during today’s media session that the Royals actually made him a “very good offer.”
Oct 20, 2014, 5:09 PM EDT
Wanna buy the Royals’ recyclables?
Oct 20, 2014, 4:48 PM EDT
He was determined to leave the A’s either way.
- HBT Daily: In which I waffle on my World Series pick 8
- Must-click link: surviving spring training on $0 a day 57
- Your Official HardballTalk World Series Preview 24
- World Series Reset: Game 1 — finally! — is tonight 28
- HBT Daily: How the Royals and Giants were built 4
- Two radio stations in San Francisco are refusing to play Lorde’s “Royals” during the World Series 40
- Royals tab James Shields, Yordano Ventura to start first two games of World Series 1
- Brian Roberts is retiring 13
- So, if you’re not a fan of the Royals or Giants, who ya got? (119)
- Pedro Martinez has some opinions about who the new “face of baseball” is (107)
- Erroneous Narrative Alert: no, the Giants are not a “gritty,” anti-stats organization (98)
- “The Kansas City Royals Are the Future of Baseball” — someone actually said that. (93)
- Andrew Friedman leaving the Rays to take over as Dodgers President of Baseball Operations (83)