White Sox Turn $25 Million Into Adam LaRoche
There’s kind of a talking point here, about how much the qualifying offer cost Adam LaRoche a few years ago. Following a career year in 2012, LaRoche was extended a qualifying offer, and a market never developed, so he re-signed with the Nationals for two years and $24 million. LaRoche now is older, and he’s coming off a similar offensive season with seemingly worse defense, and with no threat of compensation attached, he signed with the White Sox for two years and $25 million. Imagine what he might’ve been able to get before, were it not for the draft-pick concerns?
A few things. Firstly, yeah, markets get depressed by qualifying-offer extensions. That’s just a part of things right now. Secondly, inflation. The $24 million and $25 million aren’t directly comparable. Thirdly, LaRoche’s contract with the Nationals was actually quite reasonable. He projected for about 2.4 WAR the next year, so his contract projected to pay him about $5.6 million per win, near the average at the time. As I look right now, LaRoche is projected for 1.5 WAR in 2015. So this deal projects to pay him about $10 million per win, well above the assumed average. It’s not that LaRoche was necessarily underpaid before; it’s that now he seems likely to be overpaid.