The Red Sox Shouldn’t Trade Mookie Betts
The Red Sox have had a sad start to the offseason, even by the standards of baseball’s recent payroll doomsaying. While some teams have intimated that they won’t increase payroll, the Sox have gone further; owner John Henry announced that they plan on dropping below the luxury tax threshold for 2020, setting the tone for a strange winter where cutting salary might matter more than the eventual product on the field.
Viewed through that lens, it’s somehow a bad development when one of the best hitters in baseball chooses to stay on your team. J.D. Martinez was the 16th-best qualified hitter by wRC+ last year, and that was a down year. He elected not to opt out of his current contract, and is slated to make $23.75 million next season — a steal if he hits his Steamer projection, and a useful piece for a team with no other DH options. And yet, when you set artificial salary constraints on yourself, things tend to snowball.
With Martinez in the fold, things took an even weirder turn. The offseason rumor mill seems increasingly convinced that the Sox will offload Mookie Betts to save the last year of his salary and avoid an appropriately costly extension, reaping some prospects in return and cutting payroll in the bargain. I’ll attempt to quantify what this might do to the team, but let me say upfront: this seems like an obviously bad choice to me. Dan Shaughnessy hit pieces aside, Betts is probably the best non-Trout player in baseball. You don’t trade someone like that and take a step forward.
But okay, fine, let’s go through the math of trading Betts. We’ll do the grim calculus of turning player contracts into cash amounts first: if you value a win on the free market at $8 million, Betts’ 6.6 WAR projection is worth $52.8 million. If Betts earns his projected arbitration salary of $27.7 million, that works out to $25 million in surplus value. That sounds reductive, and it is. Mookie Betts isn’t an asset worth $25 million to the Red Sox; he’s one of the best players in baseball, and also a great bowler in his spare time. But if we’re doing the math, that’s the starting point. Read the rest of this entry »