In a few hours, the Yankees will hold a press conference here in Orlando to officially welcome Giancarlo Stanton to their organization. They landed the reigning NL MVP just 24 hours after he vetoed trades to the Giants and Cardinals and said New York was one of just four destinations he would approve a trade to. Left with minimal leverage, Derek Jeter and Michael Hill engineered a trade with Jeter’s old club, sending Stanton to the Bronx for Starlin Castro and a couple of low-level prospects.

The reaction to the decision has been almost universally negative. The Marlins’ new ownership group began their tenure by behaving much like the old one, dumping their best player to cut payroll. Instead of hope and change, it looks like more of the same in south Florida.

But while Jeter has made a number of apparent missteps since taking over as the head of the organization, and made some mistakes with the Stanton negotiations specifically, I think it’s also worth pointing out that, on a pure baseball level, the Marlins seemed to come out okay here.

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Over the last few years, the difference in parity between MLB’s two leagues was remarkably striking.

Nearly every team in the AL — the White Sox and A’s being the notable exceptions — entered 2017 thinking they had some kind of shot at the Wild Card spot, and the Twins ended up securing a position in the play-in game with an 85-77 record. 9 AL teams won between 75 and 85 games last year, and while there were a few really good teams at the top of the pile, the AL was mostly known for its fairly even distribution of talent.

The NL, on the other hand, was a league of stars and scrubs. The Dodgers, Cubs, and Nationals won their divisions by a combined 37 games, and the most of the teams that weren’t trying to win last year — Braves, Phillies, Padres, and Reds — were in the NL giving free wins to their opponents. The NL’s stratification brought about calls to fix “tanking”, because the league had almost nothing in the way of a middle class.

This winter, it looks like the AL might be heading towards the NL model. While he hasn’t officially waived his no-trade clause yet, it sounds like Giancarlo Stanton is going to end up in New York for some combination of Starlin Castro and lower level minor leaguers. With the Yankees taking on just $260 million of Stanton’s deal without giving up anything of huge value, this is a pretty clear win for New York.

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Yesterday, Tyler Chatwood signed with the Cubs for $38 million over three years. Given his velocity and run prevention at altitude, there’s a reasonable case to be made that Chatwood comes with enough upside to make this a very intriguing bet by the Cubs.

But while Chatwood remains interesting, one thing he can’t be described as is durable. He’s had Tommy John surgery twice (once in high school), missed nearly all of the 2014 and 2015 seasons, and has never thrown more than 158 innings in a season. The history of guys who have already had Tommy John revision surgeries is not very good, and quite simply, Chatwood’s health is a legitimate question mark. While the Cubs bought some real upside here, there is also a non-zero chance that they just spent $38 million to watch Chatwood spend most of the next three years rehabbing his elbow.

So, if we were plotting all pitchers on a risk/reward graph, Chatwood would be about as far from the middle of the graph as a point gets. Interestingly, though, the market also recently decided that the guy at the very opposite end of this spectrum is also worth $38 million over three years.

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In the next few days, it’s expected that Giancarlo Stanton will decide whether he’s going to waive his no-trade clause to join the San Francisco Giants or, less likely, the St. Louis Cardinals. Those are the two teams that have struck deals with the Marlins, and both made their pitch to him in person last week. Stanton has appeared to be holding out hope that the Dodgers would get into the mix, though to this point, no public reports have suggested they’ve seriously engaged the Marlins in discussions.

The Dodgers’ reticence likely has to do with their CBT tax position. Acquiring Stanton would put them over the tax threshold again, and, as I laid out in my argument for why the Dodgers should be interested, acquiring Stanton would probably force the team to choose between re-signing Clayton Kershaw or making a big run at Bryce Harper in free agency next winter. And according to Ken Rosenthal, the Marlins aren’t interested in taking back any current payroll in a Stanton deal, as they try to trim their 2018 player expenses to under $90 million.

But despite the Marlins’ apparent tunnel vision here, there still might be a way for both sides to get what they’re looking for, and it’s one of Friedman’s go-to moves: the three-way trade.

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Over the last decade, the Giants have been one of the most successful franchises in the game, winning 831 regular season games and, of course, three World Series titles. Along the way, there have been plenty of important weeks, most notably in October, when Madison Bumgarner and friends stepped up and played their best baseball at the most important time of the year. But while the Giants’ recent past has been full of big moments, this week might be the one that determines the Giants future for the next decade.

Obviously, the team’s pursuit of Giancarlo Stanton has dominated news about the team so far this off-season, and Stanton would certainly make the team significantly better. But as Jeff Sullivan noted recently, the Giants aren’t really in a position to just trade for Stanton and think that solves their problems. I’m going to steal a graph from his post, showing the current projected standings in the NL based on the Steamer projections.

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The Giants want to trade for Giancarlo Stanton. So do the Cardinals. Both teams have reportedly agreed to the “framework” of deals with the Marlins, meaning that if Stanton waived his no-trade clause, a deal could be completed to either team in short order. But as of this point, Giancarlo Stanton is still a Marlin, and the prevailing line of thought is that he’s stalling for time, hoping that his hometown Dodgers decide to get in on the action.

Certainly, Stanton would make the Dodgers better. He produced more WAR by himself (+6.9) than the team got from their entire outfield — Cody Bellinger and Chris Taylor racked up a good chunk of their WAR while playing the infield — and would certainly represent an upgrade over some kind of Joc Pederson/Kiké Hernandez platoon that the team is currently slated to run out in left field. By keeping him away from the Giants, they wouldn’t have to subject their left-handed rotation to facing him 19 times a year. And they’d again be the clear favorites to win the NL West, and probably the NL pennant as well.

But to this point, it doesn’t seem like the Dodgers have gotten involved in a serious way. While things could always change, LA currently seems somewhat content with the possibility of Stanton joining their arch-rivals, preferring to continue their plan of spreading their payroll around rather than concentrating their spending on a few top-tier players. But in looking at their situation, I think there’s actually a case to be made for the Dodgers to swoop in and take Stanton for themselves.

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The Giants are trying to trade for Giancarlo Stanton. To that end, Bobby Evans, Brian Sabean, and Bruce Bochy met with Stanton and his representatives in Los Angeles last night, the Marlins apparently willing to let some suitors make a pitch directly to Stanton, who possesses a no-trade clause. According to multiple reports, the Giants are willing to absorb either most or all of his remaining contract in order to compensate for the lack of high-end talent they have to offer, hoping to appeal to the Marlins’ desire to move as much money as possible rather than focus on talent brought back in return.

The reason the Giants are going all out for Stanton is pretty clear and is summed up in tweets like these:

The 2017 Giants were one of recent history’s weakest teams, in terms of power, once you adjust for the home-run spike that helped everyone else in baseball party like it was 1999. They hit just 123 homers as a team, 27 fewer than the next lowest total (recorded by the Pirates) and 98 fewer than the Dodgers, who won NL West. Thus, every rumor about Stanton and the Giants points out how much they need him, because he would fix the thing at which they were worst last year.

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If there’s been one fairly easy prognostication this winter, it’s that the Red Sox are going to sign one of the expensive free agent hitters available in this class. Dave Dombrowski has historically not been shy about spending big to upgrade his roster, and has also shown a propensity for building rosters around power. The Red Sox ranked 27th in home runs last year. This is probably not something he wants to repeat.

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