Last night, Jeff sent me a text that said simply “Lincecum re-signed, 2/35”. My immediate reaction was that this was a hilarious overpay. I had just published a piece earlier in the day explaining why I didn’t see why the crowd thought Lincecum would get 3/40 when Dan Haren was projected for 2/19 and wouldn’t come with the qualifying offer tag. 3/40 for Lincecum, coming off two mediocre years, just seemed like an overpay. He was the kind of guy you should buy low on, and that’s not buying low.

And 2/35, with a full no-trade clause, is even more player friendly than 3/40 would have been. And this is what the Giants paid to keep him from even testing the free agent market; the presumption is that they think his price would have been even higher had they let other teams start bidding. When you factor in the value of the draft pick that would have been tied to signing Lincecum, and the value of the no-trade clause, this contract essentially bets that Lincecum’s market value is somewhere around $20 million per year.

That seems crazy. Last year, he had an ERA- of 124, ranking 74th out of the 81 pitchers who qualified for the ERA title. He ranks right between Jerome Williams and Kyle Kendrick on that leaderboard. And that was an improvement over his 2012 season, in which he ran an ERA- of 139, the very worst mark put up of the 88 pitchers who qualified that year. Over the last two seasons, the only qualified pitcher with a worse ERA- than Lincecum is Edinson Volquez, who the Padres released during the season. By runs allowed, Tim Lincecum has been basically replacement level for the last 400 innings. And he just got valued at around $20 million per year. Crazy, right? Well, maybe not.

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An hour ago, we released the results of our free agent crowdsourcing project, in the form of a list sorted by the highest projected contract values. On that list, Tim Lincecum was projected to sign the 10th largest free agent contract of any player this winter, coming in at $40 million over three years, even though it is pretty clear that the Giants are going to make Lincecum a qualifying offer, which will require any team signing him to give up a draft pick and the draft dollars that go along with that spot.

The crowd was not so optimistic about Dan Haren, however. He’s projected to earn $19 million over two years, and the two years is rounded up from an actual estimate of 1.76 seasons, so it might be fair to categorize that as one guaranteed year and the expectation of some kind of vesting or team option. There is basically no chance that the Nationals will make Haren a qualifying offer, so he will come free of draft pick compensation to any signing team.

That’s a pretty huge gap in expected cost, especially once you factor in the draft pick. We’re talking double the guaranteed money, plus whatever value a team places on the draft dollars it is giving up, which will almost certainly translate into a few million of extra lost value. Once you factor in the value of the draft pick, the projected cost difference between the two hurlers is around $25 million. And yet, no matter how you slice their recent performance data, they look pretty darn similar.

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In Game 2 of the ALCS, Max Scherzer was utterly dominating, striking out 13 of the 25 Red Sox batters he faced. Despite all the strikeouts, he managed to get through seven innings on just 108 pitches, mixing in some efficiency with his ability to avoid contact. The Tigers held a 5-1 lead when Scherzer was replaced to start the top of the 8th inning; by the time the inning was over, the game was tied, and the Red Sox won in the bottom of the 9th to tie the series at 1-1.

On Saturday night, Scherzer was again very good, but not quite as dominating as his first outing. He struck out 8 of the 27 batters he faced, but struggled with his command at times, issuing five walks in the process. His last walk was the last batter he would face in 2013, as a free pass to Xander Bogaerts put runners at 1st and 2nd with only one out, and clinging to a 2-1 lead, Jim Leyland opted to replace Scherzer with Drew Smyly to go after the left-handed hitting Jacoby Ellsbury. Ellsbury would reach on an error, and then Shane Victorino hit the grand slam, and the ALCS was over.

Twice, Max Scherzer was removed from the game with the Tigers having the lead. Twice, Tigers relievers coughed up the lead by giving up a grand slam. Had the Tigers bullpen protected those leads, they very likely would be playing St. Louis for the World Series title, but instead, they have to sit at home and wonder what could have been. And it’s easy to wonder whether Scherzer could have done better than his bullpen had he been entrusted to pitch just a little bit longer.

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According to multiple reports, the White Sox have agreed to terms with free agent first baseman Jose Abreu on a six year, $68 million contract. Abreu, who turns 27 in January, has been a star slugger in Serie Nacional, the premier baseball league in Cuba, and played for the Cuban team in the World Baseball Classic this past spring. The $68 million guarantee shows that Major League teams are beginning to put a little more faith in players from Cuba, as the big successes of Yoenis Cespedes and Yasiel Puig have likely instilled some confidence in players coming over without needing a long transition period.

However, there’s a pretty big difference between Puig, Cespedes, and Abreu: they were signed in part because of their athleticism. Cespedes was signed as a center fielder, and though Puig was reportedly out of shape when other teams scouted him, the Dodgers clearly saw the dynamic tools that allowed him to make a huge splash this summer. Both Puig and Cespedes had Major League skills that went beyond what they did at the plate, and didn’t necessarily have to develop into upper level sluggers in order to justify their paychecks.

Abreu is, by all reports, strictly a 1B/DH type, and comparisons to guys like Ryan Howard don’t exactly inspire confidence that he’s more 1B than DH. The entirety of Abreu’s value is likely going to come from how well he hits. And $70 million for a guy who has to hit in order to be a big leaguer seems like a bit of a gamble, given that hitting seems to be the single hardest thing to forecast.

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Over the weekend, the two most well regarded “clutch hitters” in baseball did their thing. Carlos Beltran won Game 1 of the NLCS with a 13th inning walk-off double, continuing his long trend of destroying the baseball in the postseason. On Sunday, David Ortiz hit a game tying grand slam in the 8th inning, capping a somewhat miraculous comeback when the Tigers seemed fully in control of the ALCS. Both players have been remarkably impressive postseason performers, and yesterday, Jeff wrote about their duel history of success in October.

Because of their recent and past playoff performances, it is easy to see Beltran and Ortiz in a similar light, and position them as two peas from the same pod. Joel Sherman does exactly that today in writing about the Hall of Fame worthiness of both players:

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When constructing his current roster, Dave Dombrowski (and Mike Ilitch) chose to prioritize offensive production, and were willing to sacrifice defense in several positions in order to get more thump into the line-up. Miguel Cabrera, despite being hobbled with injuries that leave him unable to run, is playing third base. He moved to third to accommodate Prince Fielder, who told the Tigers he didn’t want to DH when he signed a $214 million contract to play first base for them. And the Tigers weren’t overly interested in creating a long term logjam at the DH position, since they were already paying Victor Martinez a lot of money to serve as their DH once he returned from injury. The plan was always to fit these three guys into the same line-up, and in 2013, that’s what the Tigers have done.

In some ways, it’s not that hard to say that the plan worked. The Tigers won the AL Central again, and they’re now three wins away from reaching their second consecutive World Series. They finished second in the majors in runs scored, so the decision to give up defense in search of more offense was successful, at least in terms of maximizing run scoring.

But trade-offs work both ways, and while the Tigers reap the benefits of playing three designated hitters on offense, they also suffer the consequences of punting defense at the infield corners. For instance, I present the 9th inning of last night’s game.

After watching their bullpen blow a four run lead, Rick Porcello was trying to keep the game tied and push it into extra innings. Rick Porcello is a ground ball pitcher, and he started the inning facing Jonny Gomes. He got Gomes to hit a ground ball, but then, it all went really wrong.

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