There are 6,000 or so minor-league baseball players at any given moment. By definition, meanwhile, there are only 100 minor-league ballplayers on any given top-100 prospect list. That means there are also around 6,000 minor leaguers not on top-100 lists — all 6,000 of them still intent on reaching the major leagues.

And many of them do reach the majors. For half-a-dozen years, Carson Cistulli has highlighted a number of prospects who failed to make a top-100 list by means of his Fringe Five series, and some of those players — like Mookie Betts and Jose Ramirez — have gone on to become stars. There should be little doubt that prospects outside the standard top-100 lists have value. Determining how much value, however, is a different and more involved question.

When I attempted to determine a value for prospects who’d appeared on top-100 lists, I was working with a relatively small pool of players. Even 15 years’ worth of lists equates to 1,500 players at most. Attempting to determine the value for every prospect, meanwhile, would appear to be a much larger task. Does one look at the roughly 90,000 minor-league seasons over the same period? That seems daunting. Looking at Baseball America’s team-level prospects lists, which feature 10 players per organization, would provide a more manageable 200 prospects per season outside the top-100 list, but that wouldn’t quite get us where we need to be, either.

And yet, as I’ve noted, these prospects have value. On THE BOARD, for example, there are currently 689 prospects with grades (a) of at least 40 but (b) less than 50 (the lowest grade earned by players on a top-100 lists, typically). It’s these prospects in whom I’m interested. What follows represents my attempt to place a value on them, as well.

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Today, I’ve published a pair of posts in which I attempt to estimate the present-day value of prospects, both in terms of WAR and dollars. With that work complete, the logical next step is to turn away from the value of specific prospects and towards farm systems as a whole.

One can get a sense of the stronger and weaker systems just by eyeballing the rankings produced by Eric Longenhagen and Kiley McDaniel. What the prospect-valuation data allows us to do, however, is to place a figure on baseball’s top-800 or so prospects, creating a more objective ranking based on the grades assessed to each player here at FanGraphs.

These rankings provide a current snapshot of the farm systems before Longenhagen and McDaniel embark on their winter-long reveal of team prospect rankings. (The first post in their offseason series will appear this week.) As noted, the methodology for valuing prospects based on their grades is explained in my last two posts on the subjects:

• An Update to Prospect Valuation
• Putting a Dollar Value on Prospects Outside the Top 100

Keep in mind, these values are based on the current CBA, where players receive a minimum salary for roughly three years and then have three (or four) years of arbitration before reaching free agency after six full MLB seasons. Players are generally underpaid compared to their value on the field during these seasons, which is what creates the high present-day values and partially justifies the high value placed by teams on prospects when executing trades.

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Over the years, a good deal of effort has been put into determining the value of prospects. Victor Wang, Scott McKinney (updated here), Kevin Creagh and Steve DiMiceli together, and Jeff Zimmerman have all published work on the subject, roughly in that order.

The reasoning behind such efforts is fairly obvious: teams trade prospects for proven players all the time. Finding an objective way to evaluate those trades is useful to better understanding how the sport operates. Indeed, FanGraphs has benefited from those prospect-valuation studies on multiple occasions.

With another year having passed, I’ve attempted to build on the work of others and produce updated valuations of my own. Previous efforts have been very helpful in the process, while the input of prospect analysts Eric Longenhagen and Kiley McDaniel has helped me find results that would be most useful.

In building this study, I set out with the following aims:

• To separate players into as many useful tiers as possible without creating unnecessary distinctions.
• To use as much data as possible so long as it was useful and likely still relevant today.
• To make the valuations as forward-looking as possible.
• To recognize that player development is not linear and that players appearing on prospect lists vary from major-league-ready to raw, Rookie-level talents.

To those various ends, here are some of the parameters of this study:

1. Baseball America’s top-100 lists from 1996 to 2010 serve as the foundation for prospect grades.
When I started the study, I looked at the lists dating back to 1990, separating out position players from pitchers and organizing by year. I found that the evaluations from the earlier part of the 90s — especially those for pitchers — had considerably worse outcomes than those that came after. I debated whether or not to throw out the data. Eventually, though, I decided that since 15 years of prospect numbers were showing decidedly different results, and that there was considerable turmoil occurring within the sport during that time — expansion, a strike, and a lockout — it seemed reasonable to toss the earlier years and go with the assumption that the 1996-2010 lists more accurately represented prospect evaluation today and going forward than the rankings of 25 years ago.

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Does Shohei Ohtani’s success portend more two-way players in MLB? Opinions vary, albeit with the bears clearly outnumbering the bulls — at least in terms of expected production. While a certain amount of copy-catting seems inevitable, the presumptive American League rookie of the year paired a .925 OPS with a 3.31 ERA and a 10.95 strikeout rate. He was dominant on both sides of the ball in a way that’s unlikely to be replicated by anyone other than himself.

A pair of former two-way players I spoke to this season are among the skeptics. Which isn’t to say they hate the idea. Nor do they feel the Brendan McKays of the world don’t deserve every opportunity to show they can follow in Ohtani’s footsteps (hopefully without elbow surgery being part of the equation).

Steven Brault created a bit of a buzz by going his first 33 big-league plate appearances without striking out. On the heels of that eye-opening accomplishment, I asked the Pittsburgh Pirates left-hander for his opinion on why a player should, and shouldn’t, be able to play both ways at the highest level.

“The reason you should is that you’re good enough,” responded Brault, who’d excelled as a two-way player at Division II Regis University. “If you’re a good enough hitter, and a good enough pitcher, it stands to reason that your team would want you to do both. The reason you shouldn’t is that you can’t play every day. That’s been the case with Ohtani. On the days he pitched he didn’t hit, and on the day before he didn’t hit. Same for the day after. They had to make sure his body was ready to pitch. Read the rest of this entry »

This post is part of a series concerning the 2019 Today’s Game Era Committee ballot, covering executives, managers and long-retired players whose candidacies will be voted upon at the Winter Meetings in Las Vegas on December 9. Use the tool above to read the introduction and other installments. For an introduction to JAWS, see here. Several profiles in this series are adapted from work previously published at SI.com and Baseball Prospectus. All WAR figures refer to the Baseball-Reference version unless otherwise indicated.

Kirk Gibson’s walkoff home run off Dennis Eckersley may be the year’s most enduring highlight, but Orel Hershiser owned 1988 the way Babe Ruth owned 1927, or Roger Maris 1961, or Denny McLain 1968. That year, the Dodgers’ wiry righty set a still-standing record with 59 consecutive scoreless innings, surpassing that of Don Drysdale. After his 23 wins, 15 complete games, eight shutouts, 267 innings, and 7.2 WAR all led the NL, he won MVP honors in both the NLCS and World Series while helping a banged-up Dodgers squad upset the heavily favored Mets and A’s. Not only was he the unanimous winner of the NL Cy Young Award, he netted the year’s Sports Illustrated Sportsman of the Year and Associated Press Male Athlete of the Year awards, as well. It was a very good year.

Hershiser never equaled those heights again, but who could? Still, he showed incredible tenacity in an 18-year major-league career (1983-2000) bifurcated by a 1990 shoulder injury, ranking as the NL’s most valuable pitcher for a six-year stretch (1984-89) before his injury and reinventing himself after a groundbreaking surgery by Dr. Frank Jobe, best known for his innovation in saving Tommy John’s career. Hershiser actually won more games and pitched in more World Series after the injury than before (105 and two, compared to 99 and one), living up to the nickname “The Bulldog,” which manager Tommy Lasorda had originally bestowed upon him as a rookie to inspire him to pitch more aggressively.

Drafted by the Dodgers in the 17th round out of Bowling Green in 1979, Hershiser made his major \[league debut on September 1, 1983. After pitching eight games in relief that year and spending most of the first three months of the 1984 season in the bullpen, he tossed a complete game against the Cubs on June 29, allowing one run and setting off a 33.2-inning scoreless streak that included three complete-game shutouts, two of them two-hit, nine-strikeout efforts. He finished third in the league with a 2.66 ERA in 189.2 innings, and came in third in the NL Rookie of the Year vote behind Dwight Gooden and Juan Samuel. Armed with a new split-fingered fastball to complement a sinker that would become legendary, he made even bigger waves by going 19-3 with a 2.03 ERA (again third in the league) and finishing third in the Cy Young vote (Gooden won that, too).

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It’s time to do this all again. A few days ago, I ran an annual polling project, asking how you felt about the season that was, on a team-by-team basis. It might seem like a silly question, or it might seem like the results would be obvious, but tradition is tradition, and I always get a kick out of the data analysis. This is the data-analysis post. I suppose I’m under no obligation to share the results with the voting public, and I could just keep all the numbers to myself, but then I don’t know what the point of any of this would be. I already struggle enough to understand what the point of any of this is. Don’t need to make the problem worse.

To refresh your memories, that polling project included 30 polls, with one for each club. Here is an example of what the polls looked like:

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This post is part of a series concerning the 2019 Today’s Game Era Committee ballot, covering executives, managers and long-retired players whose candidacies will be voted upon at the Winter Meetings in Las Vegas on December 9. Use the tool above to read the introduction and other installments. For an introduction to JAWS, see here. Several profiles in this series are adapted from work previously published at SI.com and Baseball Prospectus. All WAR figures refer to the Baseball-Reference version unless otherwise indicated.

Joe Carter

Hailed as a reliable run producer for his 15 consecutive seasons with double-digit home-run totals and 10 with over 100 RBI, Carter is most famous for hitting just the second World Series-ending home run. His three-run shot off Phillies reliever Mitch Williams in Game Six of the 1993 World Series sent the Blue Jays to their second consecutive championship and produced a call for the ages from Tom Cheek: “Touch ’em all, Joe. You’ll never hit a bigger home run in your life!”

Unlike the first player to hit a Series-ending homer, Bill Mazeroski (Game Seven, 1960), Carter was unable to parlay his fame and his superficially impressive counting stats into a spot in Cooperstown. To the relief of a burgeoning stathead community that had begun spreading the gospel of on-base percentage, he received just 3.8% of the vote in 2004, his lone BBWAA ballot appearance.

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This past season, the Mariners and Rays were separated by exactly one win in the standings. Of the two teams, the Mariners have the larger operating budget, and although the Mariners’ division includes the Astros, the Rays’ division includes the Red Sox and the Yankees. And yet these are two teams that seem to be going in different directions, with the Rays being the club on the rise. The Mariners will have to try desperately to stay afloat while getting next to no reinforcements from an empty farm system. The Rays are young and good and cost-controlled, and their farm is in the upper tier. The differing circumstances have led to a trade — an as-yet unofficial five-player swap, just the latest in a series of agreements between the two teams.

Rays get:

• Mike Zunino
• Guillermo Heredia
• Michael Plassmeyer

Mariners get:

• Mallex Smith
• Jake Fraley

It’s an entertaining trade for all the stat nerds out there, on account of the various extremes. Zunino seldom hits the ball, but when he does, it goes a mile. Heredia and Smith hit the ball far more often, but when they do, it doesn’t go anywhere. Even Plassmeyer and Fraley are coming off eye-opening minor-league seasons. There’s something to dig into, for everybody. Plenty of numbers to be studied.

But the take-home: The Rays are trying to win, and they’ve addressed a position of need. The Mariners are apparently trying to reload, without losing too much, and they’re banking on 2018 results while adding a longer-term player. You can see an argument favoring either side of this, but I find the Rays’ to be more convincing.

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Bryce Harper is a (nearly) unrestricted free agent. He is newly 26 years old. He is projected, by Steamer, to be baseball’s second-best hitter next season. According to reports, he’s already turned down a contract offer worth $300 million. According to MLB Trade Rumors, he might end up with a contract worth more than $400 million. We’ve been anticipating this offseason for a while. Harper has been a household name for longer than I can remember, and as the cherry on top here, he’s represented by Scott Boras. Boras will push for some kind of contract record. I expect he’s going to be successful. Harper’s a core player in the prime of his life, and there’s more money in baseball than ever before.

Earlier this morning, almost by accident, I noticed that Harper was worse than Mitch Haniger in 2018, by 1.1 wins above replacement.

The point is not that Haniger is better than Harper is. Age is on Harper’s side. Talent is on Harper’s side. Track record is on Harper’s side. While I don’t know how much of a believer I am in the concept of measurable ceilings, we sort of know what Harper’s ceiling is, because we saw it in 2015. He was unbelievable. He hasn’t become as consistent as one would like, but Harper hits for power and he draws a boatload of walks. He just played in a career-high 159 games.

The Haniger thing got me looking closer, though. And in Harper’s otherwise good-enough contract season, he raised some questions about his defense. We still don’t focus that much on defense when we’re talking about sluggers. But teams don’t ignore it. Teams interested in Harper will have to figure out what happened.

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This post is part of a series concerning the 2019 Today’s Game Era Committee ballot, covering executives, managers and long-retired players whose candidacies will be voted upon at the Winter Meetings in Las Vegas on December 9. Use the tool above to read the introduction and other installments. For an introduction to JAWS, see here. Several profiles in this series are adapted from work previously published at SI.com and Baseball Prospectus. All WAR figures refer to the Baseball-Reference version unless otherwise indicated.

Harold Baines

The weight of expectation that comes with being selected with the No. 1 overall pick of the amateur draft is heavy enough without anybody bringing up Cooperstown, yet after Baines was chosen first by the White Sox in 1977, out of a Maryland high school, Chicago general manager Paul Richards said that the 18-year-old outfielder “was on his way to the Hall of Fame. He just stopped by Comiskey Park for 20 years or so.” Baines had actually been spotted playing Little League in Maryland by once and future Sox owner Bill Veeck Jr. when he was 12. No pressure, kid.

While Baines did spend 22 years in the majors and racked up an impressive hit total and compares favorably to other No. 1 picks, his accomplishments were nonetheless limited by injuries to his right knee that led to eight surgeries. From his age-28 season onward, he served mainly as a designated hitter while rarely playing the field. His 1,643 games at DH are more than any player besides David Ortiz.

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