Archive for Daily Graphings

Valuing Relievers: Correction or Bubble?

Yesterday, the Cubs acquired the final couple of months of Aroldis Chapman’s contract, adding the flamethrowing lefty to their bullpen for the stretch drive, but paying a high cost to win the bidding; shortstop Gleyber Torres is considered a top #25-#50 prospect in baseball, the kind of asset that is worth something like $40 million right now, and they had to throw in some sweeteners on top of that, including a big league pitcher was was worth +2 WAR just last year. Overall, the package of talent the Yankees received was probably worth around $50 million; that’s a staggering price for a rental.

In fact, I think it’s probably correct to say that the Cubs paid more for two months of Chapman than the Red Sox did for 2.5 years of Drew Pomeranz. And while this deal might prove to be an outlier in terms of deadline prices — the Cubs are somewhat uniquely positioned to overpay for relief help, given the strength of the rest of their roster, and how difficult it would have been for them to upgrade at another position — it also looks like a continuation of rising prices for relief pitchers.

Last winter, the Red Sox gave up a significant prospect package to acquire Craig Kimbrel from the Padres, and the Astros put together a five player combination for Ken Giles that the Phillies simply couldn’t turn down. Even the mid-tier relievers benefited, with seemingly every bullpen pitcher with a pulse landing a multi-year contract, and three year deals becoming standard for arms coming off strong seasons. With the game trending more towards shorter outings from starting pitchers and the Royals showing you can win a World Series with lousy starting pitching, teams have begun to alter their calculations on what relievers were worth.

But is this increasing emphasis on specialists an acknowledgment of the growing importance of bullpens, or simply an overreaction to the Royals winning the 2015 World Series on the backs of Wade Davis, Kelvin Herrera, and Ryan Madson?

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The Recent History of High-Profile Reliever Acquisitions

The Chicago Cubs paid one hell of a price to acquire Aroldis Chapman yesterday. Maybe the highest we’ve ever seen for a reliever; certainly the highest for a half-season rental. What this post won’t do is answer whether the Cubs paid too much, not enough, or just a little for Chapman’s services. What it won’t do is give you any kind of added indication of how Chapman might perform down the stretch; Chapman’s not only his own person, but he’s unlike anything we’ve ever seen. To be honest, this isn’t going to answer much of anything, really, but I’m interested in checking on how similar reliever acquisitions have gone recently. Or, more importantly, seeing if we can even answer that question at all.

I used MLBTradeRumors’ Transaction Tracker to span the last few years for reliever trades and free-agent signings by contenders. The names I picked were subjective, but I hope you all can trust me enough to correctly identify the big ones. Once I had my names, I decided to look for… something.

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Do the Rays Have a Special Home-Run Problem?

Home runs are up! Okay, you’ve noticed that. But here’s a wrinkle: the Rays’ starters have been hit especially hard. Especially in the starting staff. Only the starters for Cincinnati, Kansas City, Minnesota, and Pittsburgh have suffered a greater increase in home runs per nine innings — and those staffs had more turnover. These Rays starters were supposed to be the club’s strength, but the gopher ball has eaten a hole into their value. Why?

To answer, we’ll have to look at the tendencies of the team and the league and the pitchers themselves. I asked Drew Smyly and Chris Archer for help figuring it out, too.

“We’ve all noticed. We’re all talking about it,” said Smyly. “Max Scherzer is giving up 22 home runs, and he’s filthy! Our whole staff has given up like 20 a piece. It’s weird.” I agreed.

But even just establishing as fact that the Rays have been harder hit than other teams is tricky. If you look at home runs per fly ball for the starters, for example, the Rays’ starters have improved actually, from 19th in the league to 23rd this year, even as their HR/FB has risen. It hasn’t risen as badly as other teams have seen around the league!

If you look at the starters with the biggest difference between their projected home-run total and actual, though, the Rays zoom to the top. Smyly is fifth, Archer ninth, Moore 17th, and Odorizzi 34th. They were projected to give up some home runs, but then they got it much worse than the projections suggested they would.

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Projecting the Prospects in the Aroldis Chapman Deal

You’ve undoubtedly heard about the Chapman blockbuster by now. Yesterday, lead prospect analyst Eric Longenhagen gave his take on the prospects involved. Below, I outline what my newly revamped KATOH projection system thinks about the youngsters headed to the Yankees. I also go on to compare that group to the group the Yankees sent to Cincinnati last December in exchange for Chapman’s services.

Note that I’ve included two types of KATOH projection. KATOH denotes the newest iteration of my projection system, outlined yesterday. KATOH+ denotes a version of that same thing which also accounts for Baseball America’s prospect rankings.

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Gleyber Torres, SS (Profile)

KATOH Projection: 5.6 WAR
KATOH+ Projection: 7.1 WAR

Although he’s just 19, Torres has been one of the more productive hitters in High-A this year. The Venezuelan shortstop is slashing .275/.359/.433 on the year, with an impressive nine homers and 19 steals. In addition to his offensive exploits, Torres plays an uber-premium position and plays it well.

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Scouting the Prospects in the Aroldis Chapman Deal

I first laid eyes on Gleyber Torres in 2014 at the Rookie-level Arizona League. He was just about a year removed from signing a $1.7 million bonus the year before and, along with Eloy Jimenez, was that summer’s headliner in Mesa. Torres was polished for his age but he was slight of build and his tools were relatively muted compared to some of the other players from the 2013 J2 class. I put a 45 on him at the time, lacking confidence in his ability to find that happy medium where he could become physical enough to do some damage with the bat while also remaining at shortstop. Since then, things have gone about as well as anyone could have hoped. Torres’ body matured rapidly and he began to make more authoritative contact while retaining a contact-oriented approach and enough range to remain at shortstop. For now.

Torres has above-average bat speed and makes good use of his hips and lower half throughout his swing, allowing him to make hard ground-ball and line-drive contact to his pull side and back up the middle. He can also drive fly balls the other way, though doing so sucks some of the torque out of Torres’ swing and he doesn’t have the raw strength in his wrists and forearms to poke balls into the right-field bleachers regularly. He has solid feel for the barrel and, despite some effort, finds a way to make hard contact with pitches in various parts of the zone. He’s hitting .275/.359/.433 in High-A ball at age 19 (he turns 20 in December) and all signs here point to a future plus hit tool.

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Is Odubel Herrera a Good Defensive Center Fielder?

A year ago today, baseball fans outside of the Delaware Valley were first introduced to a rookie outfielder on the worst team in baseball. His name: Odubel Herrera. You may recall that Herrera was a Rule 5 pick who had been a second baseman in the Rangers organization only to find himself named the Opening Day center fielder for the Phillies due to the, how shall we say, less than ideal nature of their 2015 roster. He didn’t find immediate success and received inconsistent playing time during the first half, so it wasn’t until July 25th that he appeared on the national stage. In what ended up being Cole Hamels’ final start in Phillies red, Herrera made one of the more iconic final outs in a no-hitter.

When the ball was hit, I remember knowing it would be a home run. When I realized the wind was going to keep it in the park, I remember knowing Herrera wasn’t going to be able to backtrack and make the catch. When I saw him make the catch, I remember knowing that baseball is unknowable and I should really stop pretending otherwise.

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The Cubs, Chapman, and the New Price for an Elite Reliever

When a baseball trade happens, it’s common practice for folks to want a winner or a loser anointed right away. It’s only natural to desire an instant verdict, to immediately express an opinion. Truth is, it’s impossible to declare a winner or loser on the day of a trade. It might be impossible to do so until the careers of every player involved are finished. It might even take longer than that. It sure looks like the Blue Jays are going to win the Josh Donaldson trade, but what if Franklin Barreto turns into a Hall of Famer?

The expected deal between the New York Yankees and the Chicago Cubs is different. There’s external factors we don’t typically have to figure into a trade evaluation. Aroldis Chapman is likely heading to the Cubs. Some prospects will be going back to the Yankees, including a really good one. It’s interesting, strictly from a baseball perspective. Strictly from a baseball perspective, we won’t know who will have won or lost this trade for more than a decade. But this is one of those rare times when you can rightfully declare a winner or loser on the day of the trade, if inclined.

Aroldis Chapman’s been accused of choking a woman and firing eight shots in the garage of his home, for which he was suspended 30 games. I’ve since heard folks refer to him as a monster. You’d be hard-pressed to argue with that description if the police report is accurate. We enjoy sports because they provide us a necessary diversion from the terrors of the world and the tedium of daily life. It becomes harder to glean pleasure from the diversion when the diversion and the terrors begin to intertwine. The Chicago Cubs had a young man in their organization who, as far as we can tell, is an upstanding citizen with a bright future ahead of him, personally and professionally. They seem, in this case, to prefer the troubled man with the dark history. You could say the Cubs already lost this trade.

I know this is FanGraphs. I know you came here for baseball analysis. This is supposed to be the diversion from your favorite diversion. We’re getting to that. The real-life stuff is just so much more important, and it needs to be discussed. Front and center.

It’s difficult to transition back into the trivial stuff. Feels dirty. But that’s what you came here for. This is the best I can do.

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Projecting Astros Call-Up Alex Bregman

A mere 13 months ago, the Houston Astros selected Alex Bregman with the second pick in the amateur draft. Tonight, he’ll suit up for the Astros, after he gave Houston no choice but to call him up to the show. The 22-year-old hit .311/.412/.589 in the minors this year, including a .356/.387/.685 showing during his 17-game pit stop at Triple-A. Last season, his junior one at LSU, Bergman slashed .323/.412/.535 and, unsurprisingly, had little issue adapting to life in the pros. He closed out his draft year by hitting a strong .290/.358/.408 across two levels of A-ball.

Bregman pairs exceptional contact ability with ample power and a good walk rate, making him an all-around offensive threat. Bregman owns a minuscule 10% strikeout rate as a professional, yet has still managed a .200 ISO. Very few hitters possess Bregman’s combination of contact and power.

As if that weren’t enough, Bregman also provides value through means other than his hitting. The Astros have given him time at several positions this year in anticipation of his promotion, but he’s a shortstop by trade. That suggests he could be a fine defender at just about any place further down the defensive spectrum. He’s also swiped 20 bases in his year as a professional player, indicating good (or, at least, usable) speed.

As you probably imagined, my newly re-vamped KATOH system is head-over-heels for Bregman. He’s easily the top prospect in the land according to my math. Both KATOH (which considers stats only) and KATOH+ (which also incorporates prospect ranks) peg him for more than 17 WAR over his first six years in the big leagues.

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Scouting Astros Call-Up Alex Bregman

At birth, Alex Bregman was touched by the Baseball Gods. He is not very big, not very fast, not especially graceful, and yet he somehow finds a way to do everything you can ask of a baseball player. He turned an unassisted triple play at age four. He was already very clearly the best high-school baseball player in the history of New Mexico before his senior year when a bad hop broke a finger on his right hand, ended his season, and irreparably harmed his 2012 draft stock.

Pre-draft, Bregman’s camp promised he would not sign should teams fail to select him in the first round. The Red Sox called his name in round 29 and were rebuffed. Bregman matriculated to LSU, where his list of accolades grew. First Team SEC, First Team All American, Collegiate National Team. And all of that as a freshman. When 2015 rolled around and he was draft-eligible again, Bregman was a divisive prospect despite his success largely because there was no consensus about his long-term ability to play shortstop. He didn’t have no-doubt shortstop speed and, while his arm was fine for the left side of the infield, it wasn’t the kind of elite arm strength that allows some players to hide their lack of range. Additionally, Bregman had virtually no positive physical projection remaining and wasn’t hitting for the sort of game power at LSU that would allay concerns about his offensive profile should he have to move off of short.

That’s not to say scouts didn’t like Bregman — he’s always been adored — but it’s hard to justify drafting a second or third baseman with fringe to average power projection in the top three picks. None of it has mattered. Houston bought in, drafted him #2 overall in 2015, gave him nearly $6 million to sign and, 13 months of raking later, they have a big leaguer.

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An Improved KATOH Top-100 List

Back in January, I made some tweaks to my KATOH projection system, and have been using that updated model for the past several months. That model was unquestionably better than the previous versions, but it left me unsatisfied. While it addressed many of the flaws from previous iterations, there was still a lot of information it wasn’t taking into account.

I’ve been plugging away behind the scenes, and finally have a new version KATOH to share with the world. In what follows, you’ll find some detail on the new model, including its notable updates. I’ll be using this model in all of my prospect analysis from this point forward. Below, you’ll find a quick run-through of the notable tweaks, followed by an updated top-100 list.

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Added Features

Choosing projection window based on level, rather than age

In my previous model, I projected out based on a player’s age. If a player were 22, I projected him through age 28; If he were 24, I projected through age 30. This resulted in KATOH undervaluing players who were old for their level. The goal of KATOH is to predict the value a player will generate during his six-plus years of team control. By projecting a 22-year-old through age 28, KATOH failed to capture some of that value in cases where the 22-year-old was still in A-ball.

This time around, I chose my windows based on level, rather than age. I projected the next six seasons for players in Triple-A. I did the next seven for players in Double-A, eight for A-ballers, and nine for Rookie ballers.

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