The Recent Disasters of Buying Low on an Aging Star
A couple of weeks ago, James Shields gave up 10 runs in a start against the Mariners, prompting the Padres owner to call the team’s performance embarrassing. He even cited Shields by name, saying that the pitcher — 18 months into a four year, $75 million contract — should be embarrassed by his outing. It would be the last start Shields would make as a Padre, as a few days later, San Diego shipped him to the Chicago White Sox in exchange for a replacement level arm and a 17 year old who is a long way off from the big leagues. In order to facilitate the deal, the Padres agreed to pick up $31 million of the remaining $58 million on Shields’ deal, giving the White Sox an innings eater at an innings eater price.
At least, that was the thought. In both of his first two starts in Chicago, Shields has been a disaster, giving up 14 runs and lasting only seven innings combined between the two outings. Combined with his final start in San Diego, Shields has now allowed 24 runs in his last three starts, and it’s not like it was just bad luck; he has a 13.48/8.46 FIP/xFIP over those outings as well. It’s likely that Shields will turn things around, as he’s not the worst pitcher baseball has ever seen, but you have to think the White Sox are already wondering if the Padres sold them a lemon.
After all, it wouldn’t be the first time a perfectly reasonable sounding plan — a contender taking on part of an albatross contract in order to get a fairly priced veteran without surrendering much value in return — went sour. In fact, if you look at the recent history of deals made in the same vein as the Shields trade, they’ve almost all been disasters for the acquiring team.