A couple of days ago, the Oakland A’s signed Nick Punto to a one year contract that will pay him $2.75 million in 2014 and then either pay him $250,000 to go away or an additional $2.75 million in 2015, so the deal is either $3 million for one year or $5.5 million for two. The A’s are not looking at Punto as a regular player, as they already have Jed Lowrie, Eric Sogard, and Alberto Callaspo as middle infield options, but Punto gives them additional depth and reinforces their bench. He’s a good reserve, capable of playing high level defense and getting on base enough to not be a complete zero as a hitter, but the A’s ideal plan for him likely involves him getting roughly 250 plate appearances next year. If he gets more than that, something probably went wrong.
So, $3 million for a quality bench guy seems reasonable. It’s about what you’d expect given how reserve position players have generally been priced in the free agent market. Last year, similar deals were given to Ty Wigginton, Eric Chavez, Raul Ibanez, Jack Hannahan, Placido Polanco, and Geovany Soto. This is, essentially, the market rate for an aging bench guy. Even if teams value their contributions, they don’t play enough to really command much more than a few million dollars on a one year deal.
A Major League can expect to send a hitter to the plate about 6,200 times in a season. A bench player who hits 250 times will comprise about 4% of the team’s total number of plate appearances. $3 million for that kind of marginal role seems perfectly fair.
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