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.”
Jan 26, 2015, 6:46 AM EST
We are approaching the day when a Hall of Famer with over 3,000 hits and a career .328 batting average will be best known for knocking back cold ones.
Jan 25, 2015, 11:15 PM EST
Corey Kluber won the AL Cy Young Award for his great 2014 season and now the Indians will have to consider whether or not they want to sign him to a contract extension.
Jan 25, 2015, 10:35 PM EST
With Yovani Gallardo out of the picture, Brewers GM Doug Melvin said he’s not looking to add a notable starting pitcher.
Jan 25, 2015, 9:30 PM EST
Twins prospect Alex Meyer is open to contributing out of the bullpen if he doesn’t win a rotation spot in spring training.
Jan 25, 2015, 8:20 PM EST
The Mariners added some outfield depth, signing Endy Chavez to a minor league deal. They’re reportedly close to signing Franklin Gutierrez as well.
Jan 25, 2015, 7:10 PM EST
With Jonathan Papelbon likely staying in Philadelphia, the Brewers are turning their attention back to Francisco Rodriguez.
Jan 25, 2015, 6:05 PM EST
Rob Manfred’s suggestion to ban defensive shifting isn’t the best way to address some of the problems facing Major League Baseball.
Jan 25, 2015, 4:41 PM EST
MLB.com’s Alden Gonzalez wrote earlier this month that it’s unlikely Josh Hamilton will finish out his five-year, $125 million contract as a member of the Angels and that a trade may even be coming this season — in the third year of the five-year deal. But we can probably rule out a reunion with the Rangers.
Jan 25, 2015, 3:17 PM EST
Sean McAdam of CSNNewEngland.com shares the gory details about the painful facial surgery that Mike Napoli had earlier this offseason to help end his long battle with sleep apnea …
Jan 25, 2015, 2:58 PM EST
A nice gesture here from Max Scherzer, who signed a $210 million deal Monday with the Nationals …
Jan 25, 2015, 1:33 PM EST
Shi Davidi of Sportsnet.ca reports that the Blue Jays have ended their pursuit of Orioles executive Dan Duquette because Baltimore asked for 2014 first-round pick Jeff Hoffman and two other prospects in return.
Jan 25, 2015, 12:05 PM EST
Rob Manfred has officially been reigned in as the new commissioner of Major League Baseball and he said something controversial in a sit-down interview this weekend with ESPN’s Karl Ravech …
Jan 25, 2015, 11:02 AM EST
Another New York Daily News source added that A-Rod is looking “noticeably thinner and massless,” so you get the sense these bits of information — however truthful — definitely aren’t coming from his camp.
Jan 25, 2015, 9:39 AM EST
MLB Network looks back on the career of Ernie Banks, who died Friday at the age of 83 …
Jan 24, 2015, 10:40 PM EST
Tommy Milone underwent neck surgery in December to remove a benign tumor, but he was able to resume throwing just over two weeks later.
Jan 24, 2015, 9:35 PM EST
Top prospect Byron Buxton could be wearing a Twins uniform in the major leagues at some point this season according to GM Terry Ryan.
Jan 24, 2015, 8:30 PM EST
The Tigers and reliever Al Alburquerque avoided arbitration with a one-year deal on Saturday.
Jan 24, 2015, 7:25 PM EST
A Jonathan Papelbon trade to the Brewers may not be happening after all.
Jan 24, 2015, 6:20 PM EST
Franklin Gutierrez could make a return to the Mariners. The 31-year-old outfielder has had trouble staying healthy over the last few years.
Jan 24, 2015, 5:28 PM EST
Duensing he has been useful and durable as a middle reliever over the past two seasons, posting a 3.67 ERA (110 ERA+) in 115 1/3 innings over 135 appearances.
- How Commissioner Rob Manfred Can Make Baseball More Appealing 43
- Blue Jays cut off talks for Orioles executive Dan Duquette 36
- Rob Manfred, new Major League Baseball commissioner, suggests ban on defensive shifts 117
- Yankees reject A-Rod’s apology attempt 47
- Joe Posnanski: Remembering ‘Mr. Cub,’ Ernie Banks 17
- What they’re saying about the passing of Cubs legend Ernie Banks 7
- Alex Rodriguez recently met with incoming MLB commissioner Rob Manfred 15
- Ernie Banks, one of baseball’s greatest players and greatest ambassadors has died at age 83 75
- Bud Selig: The Greatest Commissioner in the History of Baseball (144)
- Max Scherzer’s seven-year deal with Nationals worth $210 million (119)
- Rob Manfred, new Major League Baseball commissioner, suggests ban on defensive shifts (117)
- Comments of the Day: some of you guys aren’t big Bud Selig fans (77)
- The 2015 Braves have “gravitas” and “veteran leadership” and will have dirty uniforms. Just kill me now. (76)