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Well, if you weren’t sure if the Blue Jays were really going for it or not, here’s your answer. A few days after acquiring Troy Tulowitzki, Toronto has shipped out pitching prospects Daniel Norris, Jairo Labourt, and Matt Boyd to rent the last few months of David Price’s 2015 season, giving them the #1 starter they’ve lacked all season, and a dramatic upgrade to a rotation that was mediocre at best, and extremely thin at the back-end. While Price can’t single-handedly solve all of their pitching issues, he’s still a dramatic upgrade that makes the team far more likely to advance deep into the playoffs than they were this morning.

Like with the Johnny Cueto deal, the price for a rental was pretty steep, costing the Jays a couple of guys who could pitch in the big leagues next year, plus have some long-term upside. In his pre-season Top 200, Kiley McDaniel put a 60 FV grade on Norris, ranking him the #17 overall prospect, two spots ahead of some guy named Noah Syndergaard. Norris struggled some this year, both in the majors and in Triple-A, but he’s the best prospect moved in any deadline trade so far.

And Labourt and Boyd aren’t just throw-ins. Labourt ranked 12th on the Blue Jays list, based on big velocity from a left-handed arm, and Boyd has dramatically improved his stock by seeing his stuff takes several steps forward this year. When asked about Boyd in a chat last month, Kiley said this:

Just talked to a scout that saw him a few weeks back. His velo jumped this year from 88-92 t94 to 91-94 t96 and the solid average off-speed is now above average, sometimes flashing better. He signed for 75K as a senior from Oregon State who had his velo bump as a senior, then again two years later. Basically unprecedented as far as I know. He’s at least a high 45 FV now, probably closer to 50 FV. When the scout was telling me what he saw, I made him repeat everything because it was so hard to believe.

A 55/60 FV guy in Norris, a 45/50 guy in Boyd, and a 45 guy in Labour puts this package even a step ahead of what the Royals paid to get Johnny Cueto, and significantly thins out the Blue Jays stockpile of young arms, already weakened by Monday’s deal for Tulowitzki. Unquestionably, the Jays have decided that their window to win is now, and they weren’t content to just see whether this group could run down a Wild Card spot without significant reinforcements.

Clearly, they’re going to need to do more than just reach the play-in game for this to be worth the cost. Price’s potential impact, though, makes this a deal worth doing, even if paying this cost for a rental is likely to be painful in the long-run.

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Late on Monday night, the team with the best offense in baseball and a questionable pitching staff made a blockbuster trade, but not for the frontline starting pitcher that everyone expected. Instead, Toronto Blue Jays GM Alex Anthoplous used one of his best trade chips — 2014 first round pick Jeff Hoffman — to acquire Troy Tulowitzki from the Rockies, adding another legitimate offensive weapon to a team that has had no problems scoring runs thus far.

In my write-up of the trade, I primarily focused on drawing attention to the non-linear nature of run scoring, noting that adding a good hitter to an already high scoring offense produces a larger benefit than importing that same hitter into a weak offense. Good hitting begets good hitting, and with another good hitter in the mix, there will be more at-bats with men on base — when nearly every hitter performs better than he does with the bases empty — and the addition of Tulowitzki to the Blue Jays offense should have a positive effect on the other hitters in Toronto’s line-up as well.

But there is one aspect of the decision to go after Tulowitzki, instead of a guy like Johnny Cueto, that I didn’t address; the postseason effect. After all, the Blue Jays are giving up significant parts of their farm system not just for the hope of getting to the playoffs, but of advancing deep into October, and constructing a roster for the long haul of a 162 game regular season isn’t the same thing as constructing a roster for the postseason. Due to the drastic differences in off-days during the playoffs, teams can allocate a much larger percentage of their innings pitched to their best arms, making the impact of a premium hurler larger in October than any pitcher can have from April through September. For a recent example, simply recall what Madison Bumgarner did for the Giants last fall.

Bumgarner’s dominance, and other performances like it, have given rise to the idea that pitching is what wins in the playoffs; if you’ve watched baseball for any length of time, you’ve undoubtedly heard the “good pitching beats good hitting” truism. The Blue Jays are clearly not buying into that cliche, and are betting on a great offense to make up for a mediocre pitching staff. But does that kind of team actually win in October? Let’s look at some data.

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The Dodgers have an apparently endless supply of cash, and are using it to run the largest payroll in baseball this year, so naturally, any time a prominent and expensive player is rumored to be trade bait, LA is one of the first teams mentioned. They’ve been linked to Cole Hamels all year. More recently, they’ve been tied to David Price. They needed pitching, they had the money to afford those guys, and so the fit seemed to make sense.

But we should perhaps note that, since Andrew Friedman took over the reigns of the Dodgers baseball operations department, that’s not really how the Dodgers have used their resources. They haven’t been at all shy about throwing money around, but they haven’t yet shown any willingness to spend big money on Major League veterans. Despite a roster that they wanted to completely turnover, they only signed two prominent MLB free agents over the winter, and both Brandon McCarthy and Brett Anderson were more mid-level value plays than the buy-stars-with-cash approach.

When they needed a catcher, they traded for Yasmani Grandal, who they saw as an undervalued player they could acquire at a good price, and managed to dump a lot of Matt Kemp’s overpriced contract in the deal. They wanted a new middle infield, but targeted production-over-flash with Howie Kendrick and Jimmy Rollins, solid role players on short-term commitments who could provide value while waiting for the team’s up-and-coming prospects to develop. They needed better relievers to get them to Kenley Jansen, so they traded for Juan Nicasio and Chris Hatcher, then went with a bunch of youngsters after guys like Yimi Garcia dominated spring training. The Dodgers have had plenty of opportunities to use their ample payroll to acquire marquis players, and at every chance, they’ve gone another direction.

So perhaps we shouldn’t be surprised that, when it came time to replace McCarthy and Hyun-Jin Ryu in the rotation, they looked for alternatives to the go-get-the-most-expensive-guy plan. That isn’t to say that they won’t still end up with Price– we’d be fools to ever assume the Dodgers are done working on things, given the number of moves they’ve made in the last year — or some other big name player before Friday’s deadline, but today’s move is probably the most Dodgers transaction we’ve seen since Friedman and Farhan Zaidi were given unlimited funds and told to do what they do best.

The deal, as we understand it at this point.

Dodgers Acquire:

LHP Alex Wood
RHP Mat Latos
RHP Jim Johnson
LHP Luis Avilan
2B/OF Jose Peraza
1B Michael Morse

Braves Acquire:

2B/3B Hector Olivera
LHP Paco Rodriguez
RHP Zach Bird
Competitive Balance Pick (#35 overall, currently)

Marlins Acquire:

RHP Jeff Brigham
RHP Victor Araujo
RHP Kevin Guzman
Corporate Profits

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Here is the story of the 2015 Toronto Blue Jays, presented in two easy graphs.

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With five days left until the trade deadline, things seem to be picking up, with one big move nearly happening last night, and some others potentially getting done today. So while I was originally planning on running these speculative guesses as my Monday piece, I figure I might as well publish it now before teams make a good chunk of this irrelevant.

So, what follows are my guesses as to who goes where before July 31st, based on what teams are rumored to be looking for and who we know is available. The tricky part of an exercise like this is that there are also guys who are available that we don’t know about, and if a team penciled in for one of the available guys goes for the mystery box instead, it will have a domino effect, driving that available player somewhere else, and messing up multiple guesses in the process. So, by Friday, I’d be surprised if I got more than a few of these right. This is really more just for fun than any kind of serious attempt at handicapping exactly where everyone is going. But let’s see how I do.

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Yesterday, we had our first notable trade as we head towards the deadline, with the A’s officially throwing in the towel by shipping Scott Kazmir to the Astros for a couple of A-ball prospects, one of whom looks pretty interesting. But given that Kazmir is a pretty high quality starter without any kind of significant financial commitment beyond this year, the return for his services seems a bit light on the surface, especially given that it looked like we might have an extreme seller’s market a few weeks ago.

In that piece, I stated that I saw “20 to 22” teams looking to add talent, with a few more just riding out their rosters for the remainder of the season, leaving only “5 to 8 teams” serving as the supply source of talent at the deadline. Those assumptions now look pretty poor, especially when it comes to starting pitching. Many of the bubble teams who looked like they could have swung towards buying have instead fallen off by the wayside and are now looking to the future, and they all happen to have starting pitching to trade.

As a result, supply and demand for starting pitching seem to have evened out, and we might even be in a situation where there are more starting pitchers available than open spots that contenders are looking to fill.

Realistically, the Dodgers need two starters, and the Royals probably do too, with the Blue Jays desperately looking for one, and the Cubs and Yankees also looking to upgrade their rotations if the price is right. That’s a gross demand for seven pitchers, though we could get that up to nine if we include the Rangers and Red Sox on the demand side of things; even though neither is a 2015 contender, both are reportedly still shopping for controllable arms to help them for next year. Someone else — maybe Pittsburgh, St. Louis, or Minnesota — might jump into the market for pitching as well, but right now, it looks like there’s aggregate demand for 7-9 starting pitchers.

And there are at least that many available arms. The Reds are selling Johnny Cueto and Mike Leake, the Marlins are shopping Mat Latos and Dan Haren, the Phillies have Cole Hamels perpetually available, the White Sox will move Jeff Samardzija, the Rangers are reportedly looking to deal Yovani Gallardo, and the Padres have apparently made their entire rotation available, with Ian Kennedy the most likely to go. If we assume the Padres will only deal Kennedy and keep their three guys under control for next year, then that group provides an aggregate supply of eight available starters, right in line with our estimate of demand.

But by the end of the weekend, the supply could continue to increase, and potentially in significant ways. If the Tigers put David Price on the block, that would have a cascading effect on everyone else’s value, as he’d probably go to the top of the list in terms of desirable starting pitchers. The Mariners could put Hisashi Iwakuma in play as well, and if both the Tigers and Mariners decide to move their free-agent-arms-to-be, we’d be looking at nine rental pitchers available, plus Hamels, meaning that there would be enough short-term assets available to meet the demand even without dipping into the reserve of controllable assets who could be had if a team put together an aggressive package.

And if the Rangers don’t land Cole Hamels, demand will probably decline rather than increase, as they seem to only really be in the market for him, and not any of the rest of the guys floating around the rumor mill. Right now, I’ve got them in both the supply and demand category, but if Hamels goes elsewhere — or doesn’t go anywhere at all — they’re likely to pivot out of buying and solely act as a seller. The Yankees are also making noises about having a quiet deadline, and with Masahiro Tanaka and Michael Pineda pitching well, they don’t necessarily have to trade for a starter; if they bow out of the bidding as well, we could be looking at only four teams buying starting pitching over the next week.

That’s probably an unlikely scenario, as even if the Rangers and Yankees decide not to buy, that will probably drive prices down low enough to bring in one of the on-the-bubble buyers, and maybe the Twins or Pirates would swoop in at that point and pick up one of the lower-tier arms. I’d be surprised if fewer than seven starting pitchers changed teams over the next week, and it’s probably going to be more like eight or nine.

But the Padres are a problem for teams selling pitching, because if they decide to blow up their rotation and move one of James Shields, Tyson Ross, or Andrew Cashner in addition to Ian Kennedy, then we’re definitely going to be in a situation where there are more available arms than the contenders are demanding. And if Toronto ends up with a guy like Mike Fiers or Carlos Carrasco — they’ve been rumored to be looking into both — instead of Hamels or one of the rentals, then those teams selling pending free agents could see their options dry up quickly.

Particularly, I think the Marlins are the most vulnerable here, with two mid-level rent-a-pitchers who don’t seem to be at the top of anyone’s wish list. Mat Latos offers enough upside to be interesting but has reportedly burned a lot of bridges in his time with three different organizations, and a few months of a good-not-great starter who might be a pain in the rear to have around is easy to pass up when there are so many alternatives. And while Dan Haren has a shiny 3.46 ERA, he is mostly a strike-throwing fifth starter at this point, with declining peripherals that suggest you probably don’t want to hand him the ball in a playoff game. If an oversupply leaves anyone without a spot on a contender down the stretch, I’d guess it would be one of those two, and it could end up being both.

But there is a counter-balance to this that I think may make this rush to call this a buyer’s market a bit premature; the Qualifying Offer. The potential addition of a fairly valuable draft pick gives most of the potential sellers a fallback plan that they can use as a price floor. If we do end up in a situation with 10 or 11 available starting pitchers and only six or seven spots for them to land, the White Sox could just decide to keep Samardzija for the next few months, especially if the offers aren’t much different than what the A’s got for Kazmir.

Nottingham, after all, looks like a back-end Top 100 guy; Kiley wrote yesterday that he’ll get a grade of 50 FV, which would put him in the same range as players who ranked from 80 to 142 on his pre-season Top 200. Based on the recent studies of prospect valuations, that kind of prospect has an estimated value of about $10-$15 million, not that different from the value of a draft pick in the 25-35 range.

There are benefits to trading for a prospect instead of taking a draft pick; you don’t have to pay the signing bonus of the prospect — and maybe not the salary of the guy you’re trading either — plus you also get a guy who is likely in closer proximity to the Major Leagues. So a trade is preferable to the pick, but then again, having Samardzija for the rest of the season is likely preferable to throwing out some Triple-A call-up for the last two months, and the value of putting a better product on the field for the stretch run has to be factored in as well.

But the Qualifying Offer does provide a price floor for the better rental pitchers on the block. If teams start trying to low-ball on Samardzija, Leake, or Iwakuma (who is eligible for a a Qualifying Offer), the sellers can tell them to go pound sand, and removing those guys from the supply side of things could restore some balance to the market.

But the QO is probably not in play for guys like Latos, Haren, or Kennedy, and Gallardo is a guy who would be a tough call on making the offer, so the Marlins, Padres, and Rangers are probably the ones most likely to get squeezed if this market does end up swinging to the buyer’s side of things. And that alone may be reason enough for the Padres to take Shields, Ross, and Cashner off the market until after they find a new home for Kennedy; they could be undermining the value of a piece they need to move by trading a piece they don’t.

Of course, if there isn’t much demand for Kennedy in the first place — he’s having a pretty crappy year, after all — then the Padres shouldn’t be too concerned with nuking the value of a bunch of other available starting pitchers. And along with the Tigers, they’re probably the key to this whole thing. If, over the next week, David Price and James Shields do get traded, that’s some seriously bad news for everyone else selling pitching, and at that point, it probably will be a full-fledged buyer’s market for starting pitching, with a few contenders reaping the rewards of drastically diminished prices.

In the end, though, I’m guessing the Tigers keep their team together and the Padres keep their controlled guys, and we end up with a mostly balanced market that helps find new homes for most every pitcher available. Perhaps a guy like Haren will get left without a chair, but I still don’t quite see this as a scenario where supply dramatically outstrips demand. We could get there if Detroit and San Diego decide to dump their pitchers, but I’m not sure we’re there just yet.

With the trade deadline now eight days away, most of the trade speculation has centered around a few big name players. Johnny Cueto, Cole Hamels, Jeff Samardzija, and Scott Kazmir were the primary pitching targets for contenders looking to upgrade their rotation, and David Price might end up in that mix too. The hitting class is a lot weaker, but Justin Upton’s name continues to float out there, and Ben Zobrist is probably available to a team who wants a do-everything guy instead of just a bat. But if you want any of those guys, they aren’t going to come cheap, and there is going to be a lot of competition for their services.

But while I still think this remains a seller’s market — though to a lesser degree than it was a month ago — I do think there are some potential values to be had for teams that are willing to shop in the mid-tier instead. To that end, here are the three players I’d be aggressively targeting this month, given their expected production and my sense of what I think they’ll cost, relative to the big name guys.

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At some point in the next 10 days, The Cincinnati Reds are going to trade Johnny Cueto, and some contender is going to get perhaps the best pitcher available for the stretch run. Nearly every team that’s in need of a starting pitcher has been linked to Cueto at some point, and the Reds won’t have any shortage of suitors vying for his services. But where does he fit best, and who should bid the most to secure him as their ace for the rest of the season?

First off, let’s just acknowledge that basically every contender in baseball could use Johnny Cueto; no one has four starters at his level, so he’d slide right into the front of every team’s playoff rotation, and would start the first game of a playoff series for most of them. But for some teams, he’d represent a larger upgrade than some others, and there are some teams that could use pitching that may very well be better off going in another direction than paying the price for Cueto.

At the top of that list, I’d probably put the Los Angeles Dodgers. They clearly need a starting pitcher or three, especially with Brett Anderson leaving his start early on Tuesday night, and really, his history of health problems made it unlikely that the team should count on him giving them significant innings in October even before that. Given their resources and their position at the top of the NL West, it seems very likely that the Dodgers will make a move to upgrade their rotation, but I don’t know that Cueto is the best option for them.

Part of the appeal of landing a guy at Cueto’s level is that you’re adding a guy who can match up with other team’s aces; you pay a premium to get Cueto because he’s going to have a larger impact in the postseason than he will in the regular season. Except the Dodgers already have the best pitcher in baseball and the guy pitching like the best pitcher in baseball right now; on the Dodgers, Cueto might actually be the #3 starter behind Clayton Kershaw and Zack Greinke.

There’s nothing wrong with having a great #3 starter, but that means in the first round, Cueto would only make one start. Paying the price to obtain an ace with the potential to only use him for one game in the first round probably isn’t worth it, and the Dodgers may very well be better off getting two lesser starters to fill the last two spots in their playoff rotation rather than going for one more elite starter to team with the two they already have.

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