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Diamond Sports Group’s Bankruptcy Could Rock the Baseball Revenue Boat

Albert Cesare/The Enquirer / USA TODAY NETWORK

At this point in the offseason, the micro-level events that will shape the 2023 baseball season have almost all been settled. Aside from the odd trade, teams have largely set their rosters. Injuries, unexpected performances, and trades will start to affect individual fortunes when games begin, but we’re at a local lull.

But there’s big news afoot for the game in a macro sense. Diamond Sports Group, the company that owns Bally Sports Network and thus the rights to 14 teams’ local broadcasts (plus minority stakes in two team-owned broadcasts)*, is careening towards bankruptcy. Per Bloomberg, the actual bankruptcy declaration is merely a formality: the firm will reportedly skip an interest payment due in February, triggering a restructuring that will wipe out the firm’s existing equity and convert all but the most senior debt into equity stakes in the new company, leaving its current creditors in charge.

That’s a shocking turn of events for a media group that sold for more than $10 billion in 2019. Heck, it’s a shocking turn of events for a company that made more than $2 billion in revenues in the first nine months of 2022, and more than $3 billion in 2021. It might also affect long-term cashflows for every team in the league; after all, local broadcast rights are a key piece of the revenue pie, and broadcast rights have exploded along with MLB revenues in the past decade.

How could this have happened? Which teams will be impacted, and what will that impact be? How will the league adapt to the new media landscape brought on by this bankruptcy and any subsequent dominos that fall as a result? I don’t have the answer to all of those questions, but I’ll walk through each in turn before speculating about what might happen next. Read the rest of this entry »


Further Research In Pursuit of Finding Hitter Breakouts

Peter Aiken-USA TODAY Sports

Earlier this week, I wrote up a side project I’ve been working on recently: looking through exit velocity distributions to find interesting hitters. You can read that if you’d like (obviously, that’s how the internet works), but as a refresher, I looked through 2022 batted ball data for hitters whose 95th-percentile exit velocity was high but whose average exit velocity was low, as well as hitters who hit the ball hard consistently but didn’t have the results to show for it.

With a little more time to monkey around with the data, I’ve come to a few conclusions about this line of analysis. If you just want to read the article for those conclusions, no sweat: just search for the words “phenomenal cosmic power.” It’s been too long since I’ve used an Aladdin reference in an article, so I promise to shoehorn that one in somehow just before I explain my conclusions.

Okay, great, now that we’ve dispensed with the casuals, let’s talk through a bunch of procedure. You nerds (I say this with affection) love the procedure, I know. First things first: I took Baseball Savant data for all batted balls and grouped them by player and season. I skipped 2020 due to sample size issues and last season because we don’t have subsequent-year data. That left me with approximately 3,000 player-seasons of at least 50 batted balls. Read the rest of this entry »


Michael A. Taylor Is the Second Center Fielder the Twins Needed

Michael A. Taylor
Peter Aiken-USA TODAY Sports

Hello, and welcome to today’s episode of Twins Trade Talk. I’m your host, Ben Clemens, ostensibly a writer at FanGraphs but now an exclusive chronicler of Twin City swaps. Last week, Minnesota traded AL batting champion Luis Arraez in a deal I absolutely loved. If that’s the main course, Monday’s move was dessert:

Let’s start here: I love this trade for both sides. Michael A. Taylor has been a quality contributor when healthy for much of his career, and his last two seasons in Kansas City encapsulate his career well. In a sentence: very good outfield defense is valuable. Taylor hit a paltry .249/.304/.357 in blue and gold, but he was still worth 3.5 WAR (by our calculation, 5.7 per Baseball Reference) over roughly 1,000 plate appearances because he’s one of the best outfield defenders around. Depending on which defensive metric you’re most fond of, he’s either first (DRS), first (UZR), or second by one run (OAA) among all outfielders over the past two years. Read the rest of this entry »


Some Breakout Hitter Candidates, Courtesy of Exit Velocity Percentiles

Charles LeClaire-USA TODAY Sports

I think I might be on to something. While fiddling around with some 2022 batted ball data in an attempt to improve my programming skills, I created a list of players whose 95th-percentile exit velocity most outstripped their average exit velocity. If you want that in plain English, that’s players who hit the snot out of the ball when they connect, but whose average exit velocity is weighed down by a pile of mishits. Second on this list among players with at least 200 batted balls? Oneil Cruz, a poster child for cartoonish maximums and frequent contact issues.

With Cruz coming in near the top of this list, I thought I might have a bead on something cool. Jo Adell (only 162 batted balls, but still), Michael Harris II, and Pete Alonso are all high up there, and they’re the kind of players I would expect to see. They’re also interesting players from a breakout perspective; if something clicks and they start making more consistent contact, they could turn into monster hitters overnight.

That’s unfair to Alonso, who is already a monster hitter, but there’s even some instructive value there. Alonso and Mookie Betts had strikingly similar lines in 2022 by strikeout rate, walk rate, isolated power, BABIP, and wRC+:

Betts = Alonso??
Player BB% K% ISO BABIP wRC+
Mookie Betts 8.6% 16.3% .264 .272 144
Pete Alonso 9.8% 18.7% .246 .279 143

One category where they weren’t similar? Alonso’s top end exit velocity is far superior to Betts’s. I mean, obviously. Have you seen Mookie Betts? Have you seen Pete Alonso? If Alonso were getting to his power as often as Betts gets to his, he’d be putting up Yordan Alvarez numbers. Indeed, Alvarez and Alonso have nearly identical 95th-percentile exit velocities, but Alvarez hits the ball 5.5 mph harder on average. He’s consistently hitting the ball on the screws, in other words. No wonder, then, that he posted an isolated power 60 points higher than Alonso. Read the rest of this entry »


Ben Clemens FanGraphs Chat – 1/23/23

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The Twins Won the Trade That Had To Happen

Pablo Lopez
Jasen Vinlove-USA TODAY Sports

Trades aren’t inevitable. We hear rumors of some player being on the block all the time. Sometimes, that ends in an actual trade. Frequently, though, it ends in nothing: some team shops a mystery player around, no one bites, and then everyone goes about their business as if the initial trade rumor never happened. But sometimes the rumors are just so strong that they’re bound to come true eventually. To pick a name at random (note: not random), the Marlins have reportedly been looking to trade Pablo López for eons. They can’t hit, they have plenty of starting pitchers, and López seems like the best trade option when considering the combination of potential return and expendability.

Likewise, Luis Arraez has intermittently been the subject of trade speculation. He’s a good hitter and versatile defender, but the Twins have enough infielders that they’ve been reduced to playing the 5-foot-10 (generously) Arraez at first base. When Carlos Correa returned to the fold, it looked like another year of Arraez at first base, so it didn’t take a rocket scientist to surmise that the Twins might look to move an infielder. They needed pitching. The Marlins needed hitting and crave contact ability. What happens when an unstoppable force meets an exceedingly movable object? The trade that had to happen, of course.

As Jeff Passan reported, Luis Arraez is now a Marlin after the Twins traded him for López and two prospects: Jose Salas and Byron Chourio. Both Arraez and López are the kind of player that smart front offices love to build around. They have multiple years of team control remaining at below-market rates thanks to the arbitration process. They’re both borderline All-Stars, and both have utility on more or less any team — Arraez because of his versatility and López because everyone needs pitching. Players like these two form the backbone of every sustainable winner, so it’s no surprise that each team demanded such a player when trading one away. Read the rest of this entry »


Daulton Varsho’s Secret Superpower

David Kohl-USA TODAY Sports

Daulton Varsho is good in a few very obvious ways. He’s lightning quick, gets great jumps in the outfield, and plays catcher when he’s not in center or right. He swatted 27 homers last year, and his underlying power metrics suggest that he’ll be able to hit 20-30 a season with some regularity. A plus center fielder who also plays catcher and hits for power? That’s a loud-tool kind of player, the sort who hits you over the head with how good they are.

That’s all true, but I’m intrigued by another one of Varsho’s skills. He might be a power hitter, but he’s also a volume bunter. He ended a plate appearance with a bunt 14 times in 2022, 14th-most in baseball. The guys ahead of him on this list are mostly singles hitters; Victor Robles and Geraldo Perdomo led the pack, for example. No one ahead of him on the list hit 20 homers; for someone with his level of pop, he’s a huge bunting enthusiast.

Strangely, he was particularly fond of bunting with the bases empty last year. That runs counter to conventional baseball wisdom, but also to all baseball wisdom. One of the best reasons to bunt is that even a failure can help score runs. If you try to bunt for a single with a man on first, plenty of your failures will still put a runner in scoring position. If you try a bunt and fail with no one on, it’s an out like any other. Read the rest of this entry »


The Yankees Should Extend Harrison Bader

Brad Penner-USA TODAY Sports

I’ll level with you: We’re squarely in baseball’s dead period. That’s fine. There are plenty of other sports going on, there’s more to life than sports, the great outdoors beckons, and so on. But this is a baseball website, not a winter activities website or even a football one. I’m actually in Canada on a ski trip as I put the finishing touches on this article, having watched the NFL playoffs this weekend. But I’m not here to talk about that! I’m here to make up a contract extension for one of my favorite players, and you’ll just have to humor me. (Though if you want to banter about skiing, might I suggest my weekly chats?)

That’s right: let’s talk about Harrison Bader, the once exuberantly-coiffed Yankees outfielder. The Bronx Bombers swapped Jordan Montgomery for Bader at the trade deadline last year in a move that neither team’s fanbase was in love with. Both players then turned around and contributed exactly what their team was hoping for – quality innings for Montgomery and lol-how-did-he-catch-that defense for Bader. Now, I think the Yankees should stop thinking of Bader as a two-year commitment and put a ring on it – or at least, a multi-year contract. Read the rest of this entry »


Triple-Slash Line Conundrum: Voros McCracken Edition

Jeff Hanisch-USA TODAY Sports

Every few years, the same old question sets the internet aflame: Why do Americans care so much about the British royal family Does batting average matter? If you haven’t seen my favorite formulation of the problem, here’s Tom Tango’s version of it:

I’ve taken a crack at this exact question before. The answer simply isn’t very surprising. If two hitters have the same on-base percentage and the same slugging percentage, they’re similarly valuable to their team’s offense. That’s why OPS is a popular offensive statistic despite its relative lack of precision; it does a lot of the same work as wOBA and wRC+ because its two component stats are mostly found in similar ratios and correlate well to offensive production. Linear weights are still better, because they do a better job of accounting for how important each plate appearance outcome is when it comes to run scoring, but you can get most of the way there with OBP and SLG.

There’s not much reason to go through the exact math of how wOBA works again, because the people who would be swayed by that math have already been swayed. But sabermetric forefather Voros McCracken mentioned a novel way of looking at the problem, and I thought I’d take a crack at it now that there are no more Carlos Correa free agency articles left to write. Read the rest of this entry »


Carlos Correa’s New New Deal Sends Him Back to Minnesota

Jay Biggerstaff-USA TODAY Sports

Ah, yes, another turn in the Carlos Correa saga. After agreeing to a deal with the Giants that fell apart and then agreeing to a deal with the Mets that hung in contract limbo for weeks, Correa is on the move again, back to where he started 2022. As Jeff Passan first reported, Correa and the Twins have agreed to a six-year, $200 million deal with vesting options that could boost the total payout to $270 million over 10 years.

By now you know Carlos Correa the player. He’s been one of the top free agents on the market for two years running, and he’s been one of the most prominent players in the game for half a decade. We’ve written about his free agency plenty of times already. But if you’d like a refresher, here it goes.

Correa has a well-rounded offensive game, the type of hitter you can plug into the middle of your order and not think twice about. He takes his walks and rarely strikes out. He does that not because he has an otherworldly batting eye, but rather because he has a solid sense of the zone and a good feel for contact. It also helps that opposing pitchers prefer to avoid the zone against him, owing to his comfortably plus power. He also plays solid shortstop defense, somewhere between plus and excellent depending on which scout or defensive metric you listen to. Put it all together, and he’s an All-Star level player every year when healthy. Read the rest of this entry »