Mar 25, 2013, 1:31 PM EST
“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.”
Dec 17, 2014, 9:24 PM EST
David Hernandez looked like a non-tender candidate after undergoing Tommy John reconstructive elbow surgery in April, but the Diamondbacks decided to keep him around …
Dec 17, 2014, 8:10 PM EST
Ken Rosenthal of FOX Sports reports that the Marlins, Braves, and Giants have all expressed interest in free agent starter Jake Peavy …
Dec 17, 2014, 7:02 PM EST
From CBS Sports’ Jon Heyman comes word that the Royals have agreed to terms on a two-year, $20 million free agent contract with Edinson Volquez.
Dec 17, 2014, 6:16 PM EST
A three-team, 11-player trade has been agreed upon between the Rays, Padres, and Nationals. It centers around outfielder Wil Myers.
Dec 17, 2014, 5:08 PM EST
He is expected to be able to resume baseball activities before Spring Training begins.
Dec 17, 2014, 4:16 PM EST
One-time Red Sox prospect trying to snag a bench gig.
Dec 17, 2014, 4:05 PM EST
If you don’t love Pedro Martinez there is no helping you.
Dec 17, 2014, 2:51 PM EST
Sticking together after seven seasons.
Dec 17, 2014, 2:31 PM EST
The pitcher denies there were issues. But now he’s off to Boston, so I guess it doesn’t matter.
Dec 17, 2014, 2:01 PM EST
Wil Myers’ replacement in Tampa Bay?
Dec 17, 2014, 12:53 PM EST
And if it blows up, it could impact the Jimmy Rollins trade too.
Dec 17, 2014, 12:30 PM EST
The Sox are getting themselves a handy reliever.
Dec 17, 2014, 12:12 PM EST
Seattle is looking for right-handed bats.
Dec 17, 2014, 11:53 AM EST
Right team, even if he picked the wrong position.
Dec 17, 2014, 11:15 AM EST
They’re getting lots of calls on him, though.
Dec 17, 2014, 11:10 AM EST
It appears as though it’ll only be a two-team trade, with Myers heading to San Diego.
Dec 17, 2014, 10:03 AM EST
Which could have some baseball implications
Dec 17, 2014, 9:46 AM EST
But he could start the home opener
No, it’s not crazy to pay a free agent for what you think he’ll do in the future. That’s the bleedin’ point.
Dec 17, 2014, 9:00 AM EST
A columnist takes a strange approach to criticizing the Brandon McCarthy contract. And his reasoning for doing so is pretty clear.
Dec 17, 2014, 8:40 AM EST
Seems like a bad idea. And that’s even if the field would even fit. Which it may not.
- Royals sign Edinson Volquez for two years, $20 million 10
- Rays, Padres, Nationals agree to 11-player trade 71
- Sergio Romo re-signs with the Giants for $15 million 13
- So, apparently we’re sweating the Matt Kemp physical now 45
- The United States will seek to normalize relations with Cuba 140
- Marlins complete Michael Morse deal: two years, $16 million 18
- Padres, Rays, Mariners discussing trade involving Wil Myers 36
- It is perfectly clear that A-Rod is the Yankees’ DH. At best. So there will be no drama, right? 37
- Baseball’s highest-ranking Hispanic woman employee sues for discrimination (163)
- The United States will seek to normalize relations with Cuba (140)
- Cubs, Red Sox, Dodgers, Padres, Rangers, and Astros interested in Phillies’ Cole Hamels (110)
- Done Deal: Yoenis Cespedes and two players traded to Detroit for Rick Porcello and a minor leaguer (105)
- Chase Headley signs a four-year deal with the Yankees worth at least $52 million. (95)