2018 Trade Value: Honorable Mentions

(Photo: Keith Allison)
All-Star week has arrived, which means a lot of things, like that the races for the 2018 postseason have begun to take shape (at least in the NL, where postseason races exist) and also that many of those who work in baseball are currently taking rushed, abbreviated vacations. Around here, though, it marks the time for a different tradition — namely, the start our annual Trade Value series.
The inimitable Dave Cameron did this list for 13 years, 10 of them for this website. He’s now moved on the Padres, though, and FanGraphs has somehow ended up with me in his place. This list wouldn’t be possible without the model established by Cameron, nor the help of Sean Dolinar, Dan Szymborski, and Carson Cistulli in putting together this year’s series. A special thanks is also due to industry friends who put up with much rougher early versions of this list, were generous with their time, and helped whip it into shape.
For those new to the series, it marks an attempt to answer the question “Who would bring back the most in trade if he were put on the market before the deadline?” What’s notable about this list — as opposed to the prospect types I assemble with Eric Longenhagen — is that it’s the only one for which my opinion doesn’t matter. The goal here isn’t for me to project anybody’s future value but rather to capture the opinions of the industry and how they value players in reality, right now.
I ran into some interesting quirks in industry preferences throughout the construction of this list, and I’ll address those as the series continues. As you might guess, however, not every player possesses the same appeal to every club. Max Scherzer, for example — who is guaranteed nine figures over the next three-and-a-half seasons — has a dramatically different value to the Rays than the Yankees due to their payroll.
In response to that, I have somewhat ignored the two extremes of the market-size and payroll spectrums, instead trying to figure how the clubs in the middle would handle this question. Clubs like Atlanta, Milwaukee, and Philadelphia all have the ability to absorb that kind money, but would also probably like to avoid doing so. They’d like to win this year but not at the expense of multiple future years. Those teams would also love to have Vladimir Guerrero, Jr. but for different reasons.
There was one example in the top 10 of the list where opinions were so split between two dissimilar players that I went team-by-team projecting (sometimes being told the a team) which player would have greater appeal. If you’re a fan of a team at one extreme of the market-size spectrum, you’ll think how I ranked these two players (they rank third and fourth on the list) is crazy, while a fan on the other end of that spectrum may think the exact opposite.
Ultimately, one player won roughly 20 to 10, but the 10 teams are all big-market contenders, who would be the type to trade for players like this, making it even harder to wrap my arms around the issue. I could have opted to produce separate lists for big- and small-market clubs, but it turns out most people in the game with whom I spoke value roughly 40 of the 50 players here about the same. Only the expensive veterans and prospects inspire truly divergent opinions.
This isn’t an exact science. The type of player who appears on this list doesn’t get traded very often — and almost never for another player who appears here also. If a contending team is trading for one of the players who’ll appear here over the next few days, they’re likely surrendering a group of younger talents outside the top 50 or even 75 — so, again, this list doesn’t really come into play in that situation.
This factor is adjacent to the vein of risk-aversion running through some of these rankings, as reflected in conversations I had with executives. The approach of taking multiple players when trading a top-50 asset is common now; you can’t trade an elite asset for one player who, if he fails to materialize in the majors, just leaves you with nothing. There was also the meteoric rises up the list of touted prospects, some top-10 to -15 types, who had a scorching-hot six weeks of an MLB debut and went from off the list entirely to securely onto it. In a way, it makes some sense in terms of job security: if you trade for Juan Soto tomorrow and he flames out, no one blames you, but you might get fired if you cash in your chips for Fernando Tatis, Jr. in Double-A and he fails to compete in the majors.
To start off, we’ll look at the players who were on this list a year ago but who aren’t returning for a repeat appearance for one reason or another. Almost all of these players were among the 20-30 honorable mentions in contention for the list. For players like Archer, Carrasco, Martinez, and McCullers, they didn’t really fall off the list so much as they got a year older and have a year less control, allowing some other players to slide ahead of them. With few exceptions, players lose value as they gets closer to free agency. To sustain the previous year’s ranking, a player would have to either (a) perform better than he had the year before, or (b) sign a long-term extension. Naturally, the end of the list has a lot of turnover.
| Player | Position | 2017 Rank |
|---|---|---|
| Carlos Martinez | SP | 13 |
| Chris Archer | SP | 16 |
| Michael Conforto | OF | 20 |
| Michael Fulmer | SP | 22 |
| Miguel Sano | 3B | 25 |
| Carlos Carrasco | SP | 28 |
| Lance McCullers | SP | 29 |
| Jon Gray | SP | 30 |
| Nolan Arenado | 3B | 31 |
| Madison Bumgarner | SP | 32 |
| Jameson Taillon | SP | 36 |
| Ender Inciarte | OF | 39 |
| Addison Russell | SS | 40 |
| Yoan Moncada | 2B | 41 |
| Jose Quintana | SP | 42 |
| Robbie Ray | SP | 43 |
| Anthony Rendon | 3B | 44 |
| Xander Bogaerts | SS | 45 |
| Jackie Bradley Jr. | OF | 46 |
| Marcus Stroman | SP | 47 |
| Jake Lamb | 3B | 50 |
In addition to that group of players, here are others who were in the mix for the list.
Controllable Corner Bats
Miguel Andujar, 3B, Yankees
Jeimer Candelario, 3B, Tigers
Brandon Nimmo, RF, Mets
Matt Olson, 1B, Athletics
Kyle Schwarber, LF, Cubs
Some exciting young bats here that are all just missing small things, whether it be defensive value, consistency, or pitch selection.
Controllable Up-the-Middle Bats
Tim Anderson, SS, White Sox
Javier Baez, 2B, Cubs
Paul DeJong, SS, Cardinals
Starling Marte, CF, Pirates
Trevor Story, SS, Rockies
Marte, Baez and Story are the flashy, high-upside options here but, like the previous group, all of these guys lack one thing that’s holding back their top-50 case.
Controllable Arms
Mike Clevinger, RHP, Indians
Edwin Diaz, RHP, Mariners
Josh Hader, LHP, Brewers
Sean Newcomb, LHP, Braves
Felipe Vazquez, LHP, Pirates
The Ken Giles deal established the market for controllable elite relievers, and Diaz, Hader, and Vazquez all fit that bill. Newcomb and Clevinger are having breakout years and could work their way onto the list next year if they can keep it up.
Deals Expiring After 2018 or 2019
Aaron Hicks, CF, Yankees
Bryce Harper, RF, Nationals
Clayton Kershaw, LHP, Dodgers
Manny Machado, SS, Orioles
Arenado and Goldschmidt are in this group, too, and you could also toss in the rest of the 2018 free-agent class, like Donaldson, Pollock, Kimbrel, Corbin, Keuchel, Dozier, etc. Hicks’ name may seem out of place here on talent, but he’s super cheap, is playing really well, and still has 1.5 years of control left.
Prospects on the Verge/Just Got There
Willy Adames, SS, Rays
Bo Bichette, SS, Blue Jays
Eloy Jimenez, RF, White Sox
Brendan Rodgers, SS, Rockies
Nick Senzel, 3B, Reds
Forrest Whitley, RHP, Astros
Here’s the rest of the top 12 from our most recent prospect rankings (more updated ones coming soon). As noted above, any of these players could be securely on this list if they get called up and go on a 150 wRC+-level tear for six weeks.
Shrug Emoji
Jesus Aguilar, 1B, Brewers
Max Muncy, 1B, Dodgers
Eddie Rosario, LF, Twins
These three hitters are all aged 26 to 28 and produced some version of an unexpected to WTF-level breakout this year. There isn’t a ton of speed, defense, or track record here, but all three are producing, relatively young, and offer years of control to their clubs. Last year we had Tommy Pham in this group, and he’s settled in as a solidly above-average everyday guy, which seems like the expectation for these three.
Kiley McDaniel has worked as an executive and scout, most recently for the Atlanta Braves, also for the New York Yankees, Baltimore Orioles and Pittsburgh Pirates. He's written for ESPN, Fox Sports and Baseball Prospectus. Follow him on twitter.
Because I like speculating, I am wondering who #3 and #4 are. They need to be controversial/debatable, so maybe guys who haven’t proven it for long enough but are cheap? To get that high, they probably can’t have come out of nowhere, so they were probably on last year’s list.
I’m thinking maybe Scherzer (#33 last year) and Jose Ramirez (#15 last year). Scherzer is due a lot of money and is in his mid-30s already, but he’s been so good so far. He could fall off a cliff tomorrow, though. And Ramirez is cheap and great but maybe people are skeptical because the power seems to have come out of the blue?
That being said, I also feel like it’s possible Ramirez is #1 this year.
Probably Trout and Ohtani, Albies or Soto or someone else in the same vein.
Ohtani makes some sense, but I can’t imagine any team wouldn’t want him, irrespective of the arm injury. He’s cheap for years. I think he could be #1 potentially.
I agree everyone would want Ohtani, I just think they’d want Ramirez more.
He’s excellent, cheap, *and* healthy.
Yeah Ramirez might be #1. Ohtani hasn’t stayed healthy yet and the rest of last year’s peak (Correa/Trout/Seager/Bryant) are notably closer to FA and haven’t done anything to adjust their projections upwards since this time last year.
Judge might be #2 and Severino might be the top-ranked pitcher. Benintendi probably made a big jump, too.
I think Altuve might be the big money guy in spot 4 (large market teams preferring him)
It’s Altuve vs Bregman
Mike Trout and Aaron Judge?
It’s not possible Ramirez is #1. It’s a sure thing. The remaining guaranteed portion of his contract costs about $1M/WAR from here out (depending on your protections). There’s something like $125M (or more) of surplus value there. The Indians could exercise both the 22 and 23 team options tomorrow and it’s still only $2M/WAR.
Oh. And he’ll be a 31 year old free agent even after those exercised options
I would even argue 2018 midseason Ramirez is more valuable than 2016 midseason Trout.
Yes, 5 years of Ramirez is less valuable than 4 years of Trout, but not by $76M.
He was talking about teams on both ends of the spectrum. I would think that Trout would have to be one of them, considering he helps teams looking to win now, but costs a lot of money and is only controlled through 2020. The opposite of that, someone not helping win now, and not expensive at the moment, would have to be Vladdy Jr. I would think. But I don’t know if Vladdy Jr. would be ranked anywhere near the top 4.
Trout would fall into one end of the spectrum $ and prospects wise.
And Ohtani is on a rookie contract. But I could see the risk vs. reward a team might weigh in making it work.
And the symmetry is just to perfect, make it so Kyley!
I’d guess Ramirez and Judge 1-2. Giving the bump to the younger infielder with absurd contract value.
Trout at 4? Expensive contract, less control but every big club would want him
Ah yes, my favorite time of year.
Gotta think pre-arb Lindor and six year control Ramirez are hiiiiiiigh up there.
Also curious to see how high Soto, Acuna and Vlad Jr. are.
“Last year we had Tommy Pham in this group, and he’s settled in as a solidly above-average everyday guy”
He has?
Tommy “When he’s healthy” Pham, is a solidly above average guy. The other Tommy, not so much.
I wasn’t so sure about that line either. “Solidly above-average” Pham has a 71 wRC+ since the end of April.
He has 9 WAR in 1250 PA. Even this year in a down year so far, he’s on pace for 2+.
I suppose it’s semantics since his second half of 2017 was very good, but 2+ WAR for 2018 does not equate to “solidly above-average”. If you weight 2H17 equally to 1H18, sure he’s well above average, but discount based on time and he’s pretty average. I agree with the premise that his true skill level is above average, but I’m not so sure his stats since last year have proven it.
How has he settled into anything yet this year? He was outstanding at the beginning of the season and then became completely awful. We don’t really know what to expect from him for the rest of the season.
Could Votto perhaps be the big-money player in the top 5? He’s been good enough to justify the contract, making him appealing to large market teams, but the contract is still large enough to price him out of consideration for other teams.
Age weighs heavy here. Add in the contract and he isn’t anywhere near the top.
Ultimately, one player won roughly 20 to 10, but the 10 teams are all big-market contenders, who would be the type to trade for players like this ……… Only the expensive veterans and prospects inspire truly divergent opinions.
Unless I’m reading this exactly backwards, #3 is a super cheap young guy and #4 is a highly productive young veteran who is in arbitration (or about to be) and is going to get real damn spendy.
#3 is Judge or Soto (I can’t quite believe a guy with so little MLB time as Soto would be a top-10 value, but the recency effect is real)
#4 is Mookie Betts (could be Correa or Lindor)
I would imagine it’s Trout and Judge.
some of your guesses are correct!
I don’t think Trout would make the top 10 for me this year. I get he’s the best player in the game, but 2.5 more years at $33.25M/each; there’s just more enticing options. Here’s 10 players I would take over Trout.
1. Ramirez
2. Judge
3. Ohtani
4. Mookie
5. Lindor
6. Correa
7. Vlad
8. Acuna
9. Severino
10. Altuve
The player I’m most interested in seeing is where Eugenio Suarez lands. He kind of came out of nowhere and inked a very team friendly 7 year, $66M contract at the start of the season that also has a club option for an 8th year at $15M.
I think Albies is more likely to feature in the top 10 than Acuna; it seems like industry consensus is pretty driven by current performance, although maybe that’s changing with the rise of statcast.
Very possible. My personal preference would be Acuna but a valid argument. I’m also interested in see how high Benintendi gets. Probably not top 10 but an argument could be made.
Anyone know what the record for players in the top 25 from one team is? I ask because I think the Yankees could have four this year: Judge, Severino, Sanchez, and Torres.
I’m calling Eugenio Suarez to be in the top 10. An all-star in his mid-20’s with 7.5 years of team control at 9 million per season? The contract is amazing for the Reds and he just keeps getting better every year.
I don’t think he quite gets there, but I can jibe with the sentiment.
Yeah, it is more of a bold prediction than something I actually think will happen. I could see him falling into that category that Salvador Perez was in where he was a good player signed to a long, well below market-value contract.
Thanks a lot, Cameron, now we get Girlname McGuyname. Ugh.
Looking forward to the series as much as ever!
“WTF-level breakout”
Made me smile.
I have to say it…
Judge has a career 200 WRC+ at Yankee stadium, but only 115 on the road. That’s likely the largest difference in the history of MLB.
To be sure, a plus defender with a 115-125 WRC+ has value. And maybe he could adjust his swing to a new home park. But that’s BIG if.
No doubt Judge has tremendous value to the Yankees. But he likely has a lot less value to other teams.
Of course, there would be riots in New York if the Yankees traded him so it’s never going to happen….
It’s too big for me to believe that a significant portion of it is not statistical noise.
Kiley, a fabulous job thus far. One quibble: Max Muncy is more of a 2B/3B rather than a 1B I thought?
As a Cubs fan, I would not be shocked to see Contreras jump Rizzo and in the top 10 or so. Mildly shocked if he jumped Bryant.
Catching is hard.
Kiley, thanks so much for taking this over. I spend almost literally 361 days a year waiting for this series…
A little surprised to see Brandon Nimmo miss the list entirely. I’d have him as a definite #3 on the Mets trade-value list, anyhow.
Where does Bobby Bonilla rank on the list?
NM, I was posting in the wrong thread
I’m surprised Carlos Martinez completely dropped off the list. Even with his wacky 2018, he’s still setting a ~3 WAR/200IP pace, and he’s under control for a minimum of three years at $11.5 million per, which is nothing. He’s not even 27 years old yet. If he can add anything to his game, you get two bonus years of him with team options that are under $20 million, and even if he doesn’t (which is more and more likely), a 3 WAR guy in 2022 and 2023 should be worth way more than what he’ll get.
I’m admittedly not great with projections, but if you simply say he’s a 3 WAR pitcher, and you accept both team options, you’ll end up paying him 5/$69.5 million. I think 1 WAR is around $9 million nowadays, so without trying to factor in inflation or anything like that, Martinez would be worth $135 million, giving a team about $65 million in surplus value. I thought about decline, but again, he’s 26 now and will be in his early 30’s at the end of the entire contract. That’s gotta be somewhere on the list, right?
Kinda don’t see where Rosario is a WTF example. Most of his peripherals are the same from 2017 and his last year of AAA. Maturation as he moved to almost 27 and more AB moving up in the order.
How in the world did Carlos Martinez fall completely off the list?! He’s putting up a similar level of performance, so one year closer to free agency shouldn’t be enough to collapse him all the way from #13 to outside the Top 50.
Bit surprised not to see Whit Merrifield’s name. Sustainable looking 4 WAR pace this season, can play a bunch of positions, controlled through 2022, not arbitration eligible until 2020.