While a shortened season might make this year’s version of our Trade Value Series an unusual one, with the deadline looming, we are not about to break with tradition. For a more detailed introduction to this year’s exercise, as well as a look at those players who fell just short of the top 50, be sure to read the Introduction and Honorable Mentions piece, which can be found in the widget above along with the other installments in the Series.

For those who have been reading the Trade Value Series the last few seasons, the format should look familiar. For every player, you’ll see a table with the player’s projected five-year WAR from 2021-2025, courtesy of Dan Szymborski’s ZiPS projections. The table will also include the player’s guaranteed money, if any, the year through which the team has contractual control of the player, last year’s rank, and then projections, contract status, and age for each individual season through 2025, if the player is under contract or team control for those seasons. Last year’s rank includes a link to the relevant 2019 post. Thanks are due to Sean Dolinar for creating the tables in these posts. At the bottom of the page, there will be an updated grid showing all the players who have been ranked up to this point.

With that out of the way, let’s finish the rankings.

Since the beginning of last season, no pitcher has thrown more innings than Shane Bieber’s 249. Only four pitchers have a higher WAR than his 7.0 over than span: Gerrit Cole, Lance Lynn, Max Scherzer, and Jacob deGrom. Cole just landed a monster contract. Lynn and Scherzer are in their 30s and will be free agents at the end of next season; deGrom is also in his 30s and makes more than $30 million a year. Bieber is 25 years old, will make the league minimum next season, and won’t be a free agent until after 2024.

Bieber’s performance and projections put him in a higher tier than Walker Buehler (18th in these rankings), who has a similar number of years of control remaining, but at a higher cost due to Buehler’s status as a Super Two. Bieber’s projections are just a bit lower than Jack Flaherty’s (19th), with the Cleveland right-hander boasting slightly better performance since the start of last year; he separates himself from Flaherty with an extra year of team control at virtually no cost. Unless Bieber wins a Cy Young award, he seems likely to make between $15 million to $20 million total over the next three seasons, and only $30 million to $40 million through the end of the 2024 season, or roughly the yearly salaries of Cole, deGrom, and Scherzer. Pitchers are inherently risky and the threat of Tommy John surgery always looms, which is really all that pushed Bieber to the back of the top 10 instead of being closer to the middle. When you factor in his contract status, Bieber is the most valuable pitcher in baseball. Read the rest of this entry »

While a shortened season might make this year’s version of our Trade Value Series an unusual one, with the deadline looming, we are not about to break with tradition. For a more detailed introduction to this year’s exercise, as well as a look at those players who fell just short of the top 50, be sure to read the Introduction and Honorable Mentions piece, which can be found in the widget above.

For those who have been reading the Trade Value Series the last few seasons, the format should look familiar. For every player, you’ll see a table with the player’s projected five-year WAR from 2021-2025, courtesy of Dan Szymborski’s ZiPS projections. The table will also include the player’s guaranteed money, if any, the year through which the team has contractual control of the player, last year’s rank, and then projections, contract status, and age for each individual season through 2025, if the player is under contract or team control for those seasons. Last year’s rank includes a link to the relevant 2019 post. Thanks are due to Sean Dolinar for creating the tables in these posts. At the bottom of the page, there will be an updated grid showing all the players who have been ranked up to this point.

With that out of the way, let’s continue with the rankings.

Hit 53 homers as a rookie and you are going to move up the trade value rankings. There is some risk of an early decline with Pete Alonso’s old-man skillset. His strikeouts are already high, he’s not good in the field or on the bases, and if his power dips, his value will drop precipitously. That’s the bad. The good is that Alonso’s five-win rookie season wasn’t marked by a ton of batted ball luck. He earned those 53 homers, and his 143 wRC+ matched up with his Statcast figures.

The projections like Alonso as well. The table above shows Alonso’s five-year ZiPS for easy comparison with the rest of the players on this list, but his four-year ZiPS projection of 16.6 WAR ranks 19th among the players on this list. It’s hard to move Alonso much higher than this given the potential for decline, but the team control, the minimum salary through next season, and the power he’s already shown makes it difficult to slide him down past this slot. He will have higher arbitration salaries than most given his home run totals, but $40 million or so in salary for the next four years still provides excellent value. Read the rest of this entry »

While a shortened season might make this year’s version of our Trade Value Series an unusual one, with the deadline looming, we are not about to break with tradition. For a more detailed introduction to this year’s exercise, as well as a look at those players who fell just short of the top 50, be sure to read the Introduction and Honorable Mentions piece, which can be found in the widget above.

For those who have been reading the Trade Value Series the last few seasons, the format should look familiar. For every player, you’ll see a table with the player’s projected five-year WAR from 2021-2025, courtesy of Dan Szymborski’s ZiPS projections. The table will also include the player’s guaranteed money, if any, the year through which the team has contractual control of the player, last year’s rank, and then projections, contract status, and age for each individual season through 2025, if the player is under contract or team control for those seasons. Last year’s rank includes a link to the relevant 2019 post. Thanks are due to Sean Dolinar for creating the tables in these posts. At the bottom of the page, there will be an updated grid showing all the players who have been ranked up to this point.

With that out of the way, let’s continue with the rankings.

After 2020, Blake Snell is owed $39 million over the next three season before he heads to free agency. That might be a little bit more than what Luis Castillo and Lucas Giolito will earn in arbitration, but not significantly so. The 2018 Cy Young award winner had an unusual 2019 that has dimmed his trade value some. He got off to a great start, then dropped a piece of granite on his toe in April and struggled slightly after returning from the injured list, though his 3.56 FIP was still solid. He had loose bodies removed from his elbow in July and pitched in six games in September and October, totaling 10.1 quality innings. On the year, Snell’s FIP was a very good 3.32; given his .343 BABIP, his 4.29 ERA seems to be mostly the result of bad luck. Snell has slowly ramped up his innings as 2020 has gotten underway, and he’s pitched very well so far. While the elbow issues are concerning, his pitching the last few years has been very good and he’s off to a promising start. That keeps his value just ahead of similarly controlled pitchers like Giolito and Castillo, but it is a close call. Read the rest of this entry »

While a shortened season might make this year’s version of our Trade Value Series an unusual one, with the deadline looming, we are not about to break with tradition. For a more detailed introduction to this year’s exercise, as well as a look at those players who fell just short of the top 50, be sure to read the Introduction and Honorable Mentions piece, which can be found in the widget above, along with the other installments in the Series.

For those who have been reading the Trade Value Series the last few seasons, the format should look familiar. For every player, you’ll see a table with the player’s projected five-year WAR from 2021-2025, courtesy of Dan Szymborski’s ZiPS projections. The table will also include the player’s guaranteed money, if any, the year through which the team has contractual control of the player, last year’s rank, and then projections, contract status, and age for each individual season through 2025, if the player is under contract or team control for those seasons. Last year’s rank includes a link to the relevant 2019 post. Thanks are due to Sean Dolinar for creating the tables in these posts. At the bottom of the page, there will be an updated grid showing all the players who have been ranked up to this point.

With that out of the way, let’s get to the next 10 spots on this year’s list.

After ranking 39th on this list last year, Jeff McNeil finished the 2019 season with the same hot bat he started it with on the way to a 4.6 WAR campaign. Given roughly a season and a half of big league plate appearances, McNeil has a stellar 139 wRC+, and his 7.3 wins pro-rate to roughly five wins per 600 plate appearances. Those results might urge for moving him up rather than down, but there likely wouldn’t be significant interest in McNeil’s skillset if he were offered in trade. He isn’t great anywhere defensively, though he is versatile and has experience at second base, third base, and both corner outfield spots. He has average to slightly above average power, but he does make a ton of mostly-medium hard contact. He also needs those hits to continue to fall, and might be more vulnerable to increased shifting. A player with that power profile who relies on solid contact to get on base and who is without a true position probably won’t inspire teams to trade away a bunch of their prospects to acquire him, but McNeil gets results.

Maybe he is undervalued by the industry as a whole. He’s making the minimum through next year, likely won’t earn big salaries in arbitration, and won’t be a free agent until after the 2024 season. Those arbitration years all come in McNeil’s 30s, limiting his upside. McNeil hits and plays multiple positions well enough to make him a desirable player, but continued questions about his future production have driven his trade value below some less-accomplished players.

Coming off a solid, 2.7 WAR 2018, the Twins and Max Kepler agreed to a contract extension that guarantees the outfielder $35 million for five years, with a $10 million team option on the 2024 season, just $9 million more than the $1 million buyout for that year would be. In 2019, Kepler had the breakout season many had been expecting for years, nearly doubling his home run total from 20 in 2018 to 36 in 2019. The increase in power saw his wRC+ go from average to 121, and his WAR totaled 4.4 on the year. Kepler is a good outfield defender. He draws walks and doesn’t strike out much. Even if his 2024 option is exercised, he will earn just under $32 million over the next four seasons.

Kepler had some support to be even higher on this list. The concerns that held him back were mostly age-related given his type of production. At 27 years old, it’s possible that his defense has already peaked, and since his fly ball swing produces a lot of outs, his low batting average will suppress some of the value of his good walk rate. His breakout produced a good batting line, but not a great one. The last year of his contract and the option season both occur in Kepler’s 30s. He’s a good player and a very good value, which is why he’s on this list, but Kepler’s skills are more solid than spectacular and the pandemic might have wiped out most of what would have been his best season. Read the rest of this entry »

While a shortened season might make this year’s version of our Trade Value Series an unusual one, with the deadline looming, we are not about to break with tradition. For a more detailed introduction to this year’s exercise, as well as a look at those players who fell just short of the top 50, be sure to read the Introduction and Honorable Mentions piece, which can be found in the widget above.

For those who have been reading the Trade Value Series the last few seasons, the format should look familiar. For every player, you’ll see a table with the player’s projected five-year WAR from 2021-2025, courtesy of Dan Szymborski’s ZiPS projections. The table will also include the player’s guaranteed money, if any, the year through which the team has contractual control of the player, last year’s rank, and then projections, contract status, and age for each individual season through 2025, if the player is under contract or team control for those seasons. Last year’s rank includes a link to the relevant 2019 post. Thanks are due to Sean Dolinar for creating the tables in these posts. At the bottom of the page, there will be an updated grid showing all the players who have been ranked up to this point.

With that out of the way, let’s get to the first batch of players.

There isn’t a consensus around Dustin May, either on prospect lists or in baseball front offices. His high-end fastball has a ton of movement and sits in the upper-90s, but its sinking action is likely to prevent it from being a huge swing-and-miss pitch. Nobody is down on May, per se, but his prospect rankings ranged from the top 10 on some lists to the mid 20s on others, with our lead prospect analyst, Eric Longenhagen, slotting him 14th. He’s already seen some success in the majors, with his FIP and ERA in the low-threes in over 54.1 innings.

He’s made eight starts and while his strikeout rate was just 20% in those outings, he has limited walks and homers and put up a 3.18 FIP. He’s going to need to miss more bats to take the next step in his development, but the tools are there to make it happen. Although the opinions are somewhat wide-ranging when it comes to just how good he will be, enough teams see his future being bright to make this list. The Dodgers couldn’t get equivalent value from every team for May, but if he were available, they could extract a considerable return. Read the rest of this entry »

Every year for more than a decade, FanGraphs has released a Trade Value Series, ranking the top 50 players in baseball by their trade value. In that respect, this year is no different. For a lot of other reasons, though, this year’s exercise is very, very different. The COVID-19 pandemic still rages on in this country, preventing a normal start to the season; recent outbreaks on the Marlins and Cardinals — and a continued rise in the country’s case rate — have called the completion of even the scheduled 60-game season into question. While teams might soon have access to some data and video from the alternate training sites, per reports from Kiley McDaniel, there’s no minor league season to evaluate prospects, and any team making trades does so with considerable uncertainty surrounding not only this season, but also an offseason that could potentially see meaningful payroll cuts from teams that lost revenue during a shortened 2020 campaign staged without fans. Add in the murkiness of 2021 — we don’t yet have a vaccine, after all — and the end of the current Collective Bargaining Agreement after next season, and there are far more variables to contend with when gauging trade value than there usually are. One other difference is that with Kiley McDaniel no longer at FanGraphs and Dave Cameron still with the Padres, I have taken over the task of creating this list.

Generally speaking, the players who appear on this list don’t get traded at the deadline. In fact, they usually don’t even get traded within a year of appearing on this list. The players featured here are good and often on good rosters. Add in an under-market contract and there is very little incentive for teams to move these guys. And what is typically true for players on this list will likely be even more so this year as teams will be less inclined to trade away proven players who are good values for guys with less certain futures who they might not have seen in person since this spring or even last summer. While we would normally try to assess a player’s value right now, the complicated nature of this season means keeping an eye toward this winter for expected value in the next few months, too.

In attempting to determine value, my process likely didn’t differ greatly from my predecessors. Combining estimates of present and future talent with years of control and likely salaries helped create a rough estimate of potential surplus value for every player; input from contacts with clubs also helped inform my decisions. Every team has a different risk appetite when it comes to player production, and each is going to have financial considerations, as well as an understanding of their chances of contending now and in the future, that have a considerable impact on the type of player they are interested in acquiring. The Yankees and Dodgers aren’t operating on the same payroll plane as the A’s and Rays, and rebuilding teams like the Orioles and Giants aren’t looking for the same players as the win-now Reds and Brewers. Read the rest of this entry »