As the lockout wears on, team financials have repeatedly been called into question. Are teams making money? What about if you ignore franchise value? Commissioner Rob Manfred recently claimed that owning a baseball team has been a worse investment than investing in the stock market, a claim that was quickly challenged by outside observers. Last week, Liberty Media, the principle owner of the Atlanta Braves, announced their 2021 financial results, shedding some light on the financial state of the league.
The Braves enjoyed a banner year in 2021. Per their filing, they turned a profit of $104 million. That’s full-year OIBDA, or operating income before depreciation and amortization. That brings their four-year operating income, including the pandemic-marred 2020 season, to $193 million.
OIBDA sounds like a great big pile of financial jargon, and it is, so let’s talk about what all of that means. Operating income refers to the money that the team has left over after it takes in all its revenue and pays all of its costs. More specifically, it’s revenue minus the cost of goods sold minus other operating expenses. If a team sells 100 hot dogs for a net $800, that’s $800 in revenue. If they paid $20 to buy those hot dogs in bulk, that’s $20 in cost of goods sold. If they pay the vendor who sells those hot dogs $15, that’s $15 in other operating expenses. Voila – $765 in operating income. Read the rest of this entry »
Don Mattingly had 2,153 hits, 222 home runs, a .361 wOBA, a 124 wRC+, and 40.7 WAR. Statistically, the New York Yankees legend is similar to a Minnesota Twins legend who a few months ago was voted into the Hall of Fame by the Golden Days Committee. Tony Oliva had 1,917 hits, 220 home runs, a .365 wOBA, a 129 wRC+, and 40.7 WAR.
And then there is Brian Giles, who received nary a vote in his lone year on the BBWAA ballot, and quite possibly will never appear on an era-committee ballot. Perennially flying under the radar while playing in Cleveland, Pittsburgh, and San Diego, the underrated slugger had 1,897 hits, 287 home runs, a .388 wOBA, a 136 wRC+, and 54.8 WAR.
What about peak, you might be wondering? Giles was better there, too.
Mattingly had a six-year peak before back injuries began eroding his skills. Over that stretch, he logged a .388 wOBA, a 143 wRC+, and 31.7 WAR. Meanwhile, Oliva and Giles had seven-year peaks that produced these numbers: Read the rest of this entry »
On a per-plate-appearance basis, you can probably guess the top five second basemen from last season. Trea Turner leads the pack, at least if you count him as a second baseman. Marcus Semien is close behind. Brandon Lowe, Jose Altuve, and Jake Cronenworth round out the group, and it’s not a surprise to see any of them at the top of a list of excellent players. Number six might surprise you: it’s Tony Kemp, who quietly put together a star-level season in his second year in Oakland.
As Jay Jaffe noted last year, Kemp isn’t doing it with barrels. He didn’t end the year in the zero-barrel club, but it was a near thing; he managed all of three. He didn’t quite finish last in barrels per batted ball, but the company he kept on that list — he’s wedged between Nick Madrigal and Adam Frazier, with Tim Locastro and Nicky Lopez in close proximity — isn’t one known for its power. That’s hardly a surprise given Kemp’s short stature (he’s listed at 5’6” and 160 pounds), but the lack of power didn’t stop him from compiling a juicy 127 wRC+, third-best on a solid Oakland offense.
How did Kemp do it? Without putting the ball in play, mainly. His 13.1% walk rate was 20th among batters with 300 or more plate appearances, and no one who walked more than he did struck out less frequently than his 12.8% mark (Juan Soto was close at 14.2%, but he might be a robot sent from the future to break baseball, so that’s good company to keep). Read the rest of this entry »
Though the owners could end their self-imposed lockout of the players at any time and allow the baseball season to proceed on schedule, the first week of spring training games has been scrubbed. Odds are that more cancellations are to come, and commissioner Rob Manfred’s February 28 deadline to reach an agreement on a new collective bargaining agreement that would preserve Opening Day is fast approaching. With a newfound sense of urgency that stands in marked contrast to Major League Baseball offering one formal proposal in the lockout’s first 10 weeks, representatives for the owners and the players union have been meeting on a daily basis in Jupiter, Florida this week to discuss core economic issues — and those meetings have lasted more than 15 minutes at a time! But even with the more frequent back-and-forth and some minor movement here and there, including a formal proposal from the players on Tuesday, the two sides still appear to be far apart on the most central issues.
If there’s optimism to be had, let us know, because we could sure use some. In the meantime, here’s an attempt to capture where things stand as of Wednesday morning.
Competitive Balance Tax
The lack of optimism regarding an impending resolution to the lockout centers on the players making the tax “the lodestar” of negotiations, to use Jeff Passan’s term, and so far this week, neither side has budged from where things stood as of the owners’ February 12 proposal. I broke down the recent history of the CBT — the threshold for which has not kept pace with the growth of revenue over the past decade — in my previous analysis in the wake of that proposal.
The short version is that the players believe the CBT functions as a salary cap. With teams’ total payrolls down 4.6% from 2017 (from about $4.25 billion to $4.05 billion), and with most of the biggest-spending teams pulling up just short of the threshold in 2021 — the Phillies, Yankees, Mets, Red Sox, and Astros were all within $4 million of the $210 million bar, with only the Dodgers and Padres paying the tax — one can understand their frustration. In Tuesday’s proposal, the players didn’t budge from their previous position from January 24. While generally preserving the previous CBA’s tiered penalties for teams exceeding the thresholds by more than $20 million and more than $40 million, they’ve sought an increase in the base threshold from $210 million to $245 million, growing to $273 million by 2026. That jump in part makes up for the threshold’s meager growth over the life of the last CBA (from $195 million to $210 million over five years, an average of 2.1%), while revenues grew at a quicker rate. The only real difference in that aspect of their proposal is that there’s no draft-related penalty involved, where the previous CBA bumped the draft place for the highest pick of any team with a payroll at least $40 million above the threshold down by 10 spots (unless it was a top-six pick). Read the rest of this entry »
Tuesday marks the 83rd day of the owner-initiated lockout. It still remains to be seen how long it will last, but whatever its length, we’re likely to see a whirlwind of a mini-offseason as soon as the league and the players come to terms on a new collective bargaining agreement. While that kind of thing is fun to cover — the week before the lockout was a thrilling frenzy — there’s still quite a lot for baseball to do. So let’s roll up our sleeves, lend a hand, and find some new homes for a few of the remaining free agents. The trick here is that they actually have to make at least a lick of sense for the team signing them — but just a lick.
We gave out a half-billion of fictional dollars to hitters last time, but our imaginations could use some pitching too, so let’s get cracking! Read the rest of this entry »
Picture this: Bases loaded, two outs, full count in a tie game. It’s the ultimate high-stakes situation, and isolated on the mound is the pitcher, left to fend for himself. He can’t mess up — not here, not in front of everyone. He does what only a pitcher can do, and that’s use the adrenaline pent up inside to his benefit. So on the next pitch, he fires off a 100-mph fastball, up and in. The opposing hitter swings… and misses. The crowd goes berserk. Inning over. Jam: escaped.
This is the stuff of legends. It’s a moment we’ve thought about at least once as a kid; there’s nothing quite like a bases-loaded escapade that captures the imagination. The cool thing, though? It’s that major league pitchers have been more than willing to live out this fantasy. In 2018, Sam Miller wrote about which instances produce a pitcher’s fastest fastball, and his conclusions are intuitive: when the pitcher is ahead, especially with two strikes, and when there’s two outs. Our favorite pitchers aren’t just strike-throwing robots; they’re also swayed by the heat of the moment, making them even more entertaining to watch.
Inspired, I started to look at data from last season. With two strikes, pitchers averaged 94.2 mph on their four-seamers. In all other counts, they averaged 93.5 mph, for a difference of 0.7 miles per hour. Not too dramatic, but across a large sample of pitchers, it’s significant nonetheless. It’s here I began to wonder: which pitchers in 2021 had the largest differences between their average four-seam velocity in two-strike counts and non–two-strike counts? Maybe you thought of Max Scherzer, who’s known for having a second, even third gear. He’s up there for sure, but not high enough. Because this is what the top five looks like:
Here’s a somewhat uncomfortable truth: The majority of rookies kind of stink. Everyone wants their team’s star prospects to take off as soon as they step foot onto a major league diamond, but the reality is that development takes time. Last season, for example, rookie hitters collectively put up a 87 wRC+, and looking at the past ten seasons, that figure has ranged from a low of 83 to a high of just 93. Not everyone hits the ground running.
Enter Brandon Marsh. His first 260 big league plate appearances resulted in a 86 wRC+ — pretty much average for a rookie. That can be interpreted as either a good or bad sign. On one hand, he performed like the typical rookie, and his prospect pedigree suggests room for growth. On the other hand, that isn’t a guarantee, and an 86 wRC+ is an 86 wRC+, no matter the context. This ambiguity could be partially why he hasn’t been at the center of prospect discourse. It’s not as if he shined like Wander Franco, and it’s not as if he bombed like Jarred Kelenic, whom we’re inclined to give the benefit of the doubt. A so-so debut isn’t one people remember.
But I’m here to argue that Marsh is one of the most interesting young hitters around, worthy of your utmost attention. And it all starts with a number one might consider a red flag: a .403 BABIP. Read the rest of this entry »
Per the JAWS leaderboard, Adrián Beltré (4) and Scott Rolen (10) rank highest among third basemen not in the Hall of Fame. Beltré will almost certainly get the nod once he becomes eligible, while the currently-on-the ballot Rolen has been making strong headway toward Cooperstown. If and when both players are enshrined, which non-Hall of Fame third baseman will rank highest in JAWS?
The answer is Graig Nettles, who ranks 12th (11th if you don’t include Edgar Martinez). In terms of WAR, Nettles (65.7) ranks right in front of Martinez (65.5), and close behind Rolen (69.9). Beltré (84.1) is comfortably ahead of all three.
Should Nettles be in the Hall of Fame? His accolades and accomplishments include 390 home runs, six All-Star berths, two Gold Gloves — he’d have won more were it not for Brooks Robinson — and a pair of World Series rings. All told, he played in five Fall Classics. Back when Jay Jaffe was writing for Sports Illustrated, my esteemed colleague tabbed Nettles as the most-overlooked player at his position when it comes to Hall of Fame worthiness.
Meanwhile, was Beltré better than Robinson? A clear majority of the people who voted in a Twitter poll I ran yesterday feel that he was. Of the 337 people who weighed in, 61.7% opted for Beltré, while only 38.3% sided with the legendary Baltimore Orioles Hall of Famer. Read the rest of this entry »
Amid a dearth of baseball news, the Nationals took a starring role this week, not only via the retirement of franchise cornerstone Ryan Zimmerman but also the report that before the lockout, the team offered Juan Soto a 13-year, $350 million extension. While we’ve now seen nine deals of at least $300 million in recent years — not to mention a report of a pending extension offer to Soto in the wake of Fernando Tatis Jr.’s $340-million deal last March — the price tag produced the usual sticker shock on social media, as well as incredulity given that the slugger declined it.
Via ESPN Deportes’ Enrique Rojas, the 23-year-old Soto confirmed the news, saying, “Yes, they made me an offer a few months ago, before the lockout. But right now, my agents and I think the best option is to go year by year and wait for free agency. My agent, Scott Boras, has control over the situation.” Read the rest of this entry »
The Yankees starting rotation sits in an odd position while rosters are frozen during the owner’s lockout. No one can question Gerrit Cole’s dominance as the team ace, but after him, there are some real concerns about the health of the rest of the rotation. Luis Severino returned from Tommy John surgery to pitch in four relief appearances in 2021 plus one additional outing in the American League Wild Card game. Jameson Taillon’s season ended prematurely after he tore a ligament in his ankle, and his previous health history isn’t exactly spotless. It’s hard to know what to expect from Nestor Cortes or Domingo Germán either. That leaves Jordan Montgomery as the presumed number two starter behind Cole.
Montgomery missed nearly two seasons after his own Tommy John surgery back in 2018. He returned to the mound late in 2019 and struggled through the abbreviated ’20 season. Last year, he put together his most complete season of his short career, posting a career-best 3.69 FIP while accumulating 3.3 WAR. It was a solid performance in his first true full season since his rookie campaign back in 2017.
Ignoring his four-inning cup of coffee in 2019, Montgomery posted the highest strikeout rate of his career last season. Nearly all of those punch outs are fueled by two phenomenal secondary pitches. Both his changeup and curveball feature whiff rates around 40% and he uses both to dispatch batters. When the count gets to two strikes, he throws one of those two pitches over 60% of the time and opposing batters can’t help but swing and miss. Read the rest of this entry »
