I know what you’re thinking even before you complete the first paragraph of this post: Sheryl’s trade proposal probably sucks.

I don’t blame you. Most trade proposals suck. As we pass the All-Star week contemplating trade value, though, I thought I’d take an opportunity to indulge myself by imagining a deal that makes too much sense (in my head, at least) not to happen. I contend that, before this year’s July 31 trade deadline, the Chicago Cubs should trade Tyler Chatwood to the New York Yankees for Sonny Gray.

One flaw is immediately apparent: contending clubs rarely make trades with other contenders. Why would they? Teams bound for the postseason are typically looking to add present talent while surrendering players with future value. Both the Cubs and Yankees are contenders. Both Chatwood and Gray are major leaguers. So already this is improbable. Because of their struggles, though, Chatwood and Gray actually possess unlocked future value, though — future value that another club, in my opinion, is more likely to unlock.

I’ve written about both pitchers this year. Both have struggled. Let’s start with Chatwood. When I examined his season back on May 22, he had a 3.14 ERA despite an 18.3% walk rate and 102 FIP-, the latter figure mostly on the back of an unsustainable 3% HR/FB. Since then, his walk rate has actually increased; since May 22, he’s recorded an 18.8% walk rate. That’s bad. Not only has Chatwood produced the highest walk rate among pitchers with 30 or more innings this season, but his 18.6% mark would actually represent the second highest among qualifiers* since the integration of baseball.

*The highest mark since integration is 20.3%, produced by Tommy Byrne in 1949. Improbably, Byrne still managed to record a 92 ERA- that year — that is, he prevented runs 8% better than a league-average pitcher. Overall, Byrne made 170 starts in the majors and logged 1362.0 innings, posting a career walk rate of 16.8% but still managing a 103 ERA-.

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Of all those 1970s disaster movies, the worst one for me has always been The Swarm. Featuring an impressive cast, with names such as Michael Caine, Henry Fonda, Richard Chamberlain, José Ferrer, and Olivia de Havilland (along with many others), the film’s stars muddle their way through roughly three uninteresting hours, all the time looking like they had accidentally wandered in from other, more interesting movies. Every star gets his or her own cameo, and typically a random death, like when the bees destroy a helicopter or when the bees derail a train or when Henry Fonda decides to test a vaccine by giving himself a large dose of it and crossing his fingers. I’ll leave any connection between that last misfortune and the Orioles’ most recent offseason to the reader.

Despite the ambition of the film, what it lacked was any sense of fun, any sense of purpose for having assembled such talent. And that’s why it works as an able metaphor for the All-Star Game. There are a lot of great things about All-Star Week. The Futures Game gives the wider public what is, for many, their first look at players like Hunter Greene or Peter Alonso. As used to be the case for the All-Star Game, many of the players involved in the Futures Game are facing off each other for the first time — in this case, thanks to rosters constructed of players from across the minor leagues. That kind of unfamiliarity is rare to see at the major-league level, both because of free agency and also interleague play, the latter of which is now a daily occurrence. But my colleague Travis Sawchik has more on that!

The Home Run Derby is nonsense in a lot of ways, but it’s fun, glorious nonsense, which takes one important aspect of baseball (hitting for power), fills it with helium and cotton candy, and then sends it on its merry way. While cotton candy oughtn’t be the foundation of a every meal, it’s fine for an occasional celebration. As Jay Jaffe noted this morning, last night’s Home Run Derby captured this atmosphere perfectly. The participants were all clearly having a blast and that kind of feeling is infectious. Watching Bryce Harper come from behind in the finals, smacking nine consecutive homers to pass Kyle Schwarber is one of those Big Moments© you remember 10 years later, the kind of thing that makes watching baseball a joyful experience.

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During FanGraphs’ editorial weekend in Denver last month, this correspondent excused himself to spend some time in the Rockies clubhouse and Coors Field press box. There I found MLB.com Rockies beat writer Thomas Harding realigning baseball in his reporter’s notebook.

This contributor finds playing expansion czar to be an interesting thought exercise. Soon that afternoon, some Mets beats writers also joined the discussion, sharing their thoughts. Anytime there is a realignment-based post on this Web site or elsewhere, it tends to generate interest. Many of us like to play commissioner.

We’re almost certainly headed toward a future of 32 teams. MLB is in its longest expansion drought in the modern era. Rob Manfred has expressed a desire to expand — and preferably to add at least one international location. One of the major benefits Manfred has cited in the move to 32 teams is the ease of scheduling it would create. Namely, the game would not have to schedule a constant, rotating interleague series.

In fact, it would allow MLB to dramatically reduce the need for interleague play altogether.
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The National League has won more games than the American League this season in interleague play, but you wouldn’t know it by looking at our individual leaderboards. The top seven position players by WAR this season reside in the American League and 10 of the best 11 — as long as Manny Machado remains in the AL — also play in that league. The parity when it come to interleague record is more likely a function of the National League’s relative parity, while the American League is very top and bottom heavy. The best teams in the AL can only do so much, as the bulk of the NL overwhelms the bottom-feeders in the opposite league.

As for the All-Star rosters, they more closely resemble the leaderboards. The graph below shows the WAR totals for every player on the All-Star Game roster, including those on the active roster but excluding those who have been replaced due to injury or a Sunday start.

Last year, both leagues featured a collective WAR similar to the NL’s mark this season, though the AL was missing Mike Trout. This year, Trout is back and acting like himself, while Mookie Betts and Jose Ramirez seem to be acting a lot like Trout, as well. If we removed the top three players from each roster, the collective WAR totals would be pretty close. That said, the All-Star Game would be also be less entertaining.

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Walk-off. Walk-off! WALK-OFF! Bryce Harper won the 2018 Home Run Derby at Nationals Park in dramatic and impressive fashion, needing less than the full complement of time to beat his opponents in all three rounds. At ease in front of the hometown fans showering him with cheers, the Derby’s No. 2 seed and the only contestant with previous experience rose to the occasion each time. After dispatching seventh-seeded Freddie Freeman and third-seeded Max Muncy in the quarter- and semifinals, the 25-year-old Nationals superstar did have his back to the wall in the final round against fifth-seeded Kyle Schwarber, but with nine homers in the final minute — on 10 swings by my count, though ESPN’s broadcast said nine in a row — he tied the Cubs slugger’s total of 18. On the second pitch of the 30-second bonus period, he lofted a 434-foot drive to center field, then did a two-handed bat flip as the crowd went wild, and quickly handed the trophy to his barrel-chested father, Ron, who had pitched to him:

In a field that was somewhat lacking in star power, with no Mike Trout (who’s never participated), no Aaron Judge (who did not defend the title he won as a rookie in 2017), no Giancarlo Stanton (who won in 2016 but then was upset in his home park last year), and no player from among the season’s top five home-run totals for the first time since at least 2008, Harper — the biggest name from among the eight participants, even if he has struggled by his own standards this season — took center stage. He became just the third player to win the Home Run Derby (which began in 1985) in his home park, after the Cubs’ Ryne Sandberg in 1990 and the Reds’ Todd Frazier in 2015.

Frazier’s win came in the first year of a format that has turned the event from a three-hour slog into a vastly more entertaining spectacle that ran just over two hours. Instead of swinging until having made 10 “outs” (non-homers), players have four minutes to hit as many homers as possible, with the caveat that a ball can’t be pitched until the last one landed. Each player gets one 30-second timeout in the first two rounds and two timeouts in the finals. A player hitting two homers projected by Statcast to have traveled at least 440 feet unlocks an extra 30 seconds of bonus time.

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Last Tuesday, the A’s played probably the most frustrating game of their season. Facing the first-place Astros in Houston, the A’s erased a 4-0 deficit in the top of the ninth. In the 11th, they pulled ahead on a two-out home run, getting the chance to hand a lead to Blake Treinen. The tying run scored on a fielder’s choice, with Jonathan Lucroy unable to handle a throw home. The losing run scored on a tapper that went about five feet, after Lucroy threw the ball away. It was a tough inning for Lucroy, and it was a rough game for Oakland to stomach, because they’d had the Astros just where they’d wanted them. While the A’s had been hot, you never know which loss might get under a team’s skin.

The A’s came back and beat the Astros the next day. They beat them again the day after that, and then they took two of three in San Francisco. Where just weeks ago it looked almost impossible, we’ve gotten to the All-Star break and now we have a wild-card race. The A’s are catching up to the Mariners, and while every run is a function of a number of players, Oakland’s two standouts are at the back of the bullpen.

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With apologies to the 1960 television show that became a staple of ESPN Classic, the Home Run Derby has been around since 1985, but it wasn’t until the last few years that Major League Baseball found a format that was vastly entertaining: a head-to-head single-elimination bracket setup with timed, four-minute rounds and 30 seconds of bonus time added for hitting two 440-foot homers, as measured by Statcast. In 2015, the first year of that format, Todd Frazier, then of the Reds, became just the second player in Derby history to win in his home park; the Cubs’ Ryne Sandberg was first in 1990. In 2016, the Marlins’ Giancarlo Stanton won at Petco Park, and last year, rookie Aaron Judge beat Stanton on his home turf in Marlins Park — a pair of ideal results that will be tough to top.

Indeed, one of the big drawbacks of the Derby has been its failure to attract a full complement of the game’s elite sluggers; to the extent that complaints about MLB’s failure to market its stars to full advantage rings true, here’s a very good example. Mike Trout has never participated, and Bryce Harper has just once, in 2013. With the Derby and the All-Star Game at Nationals Park in Washington, DC, Harper is back, but he’s the only member of the eight-player field who has participated in a previous Derby. There’s no Judge this year, no Stanton, and no J.D. Martinez or José Ramiréz either. In fact, according to the Washington Post, this is the first year since at least 2008 without a player from among the majors’ top five in homers participating. Just two of the current top 10, the Brewers Jesus Aguilar (sixth with 24, but leading the NL) and Harper (tied for seventh with 23) are involved, and of the eight contestants, just one is from an AL team, the Astros’ Alex Bregman. Let’s call it what it is: a comparatively weak field.

Perhaps that’s because the myth of a post-Derby curse persists; what fall-off there is generally owes to regression in players’ rate of home runs per fly ball, which can owe something to luck. Anyway, these dinger displays are still fun, even in this homer-saturated age, and the timed format is much, much, much better — so much so that I’d even be willing to call Chris Berman out of retirement to repeat that phrase — than the previous slog, during which a batter might take pitch after pitch looking for the right one, and an hour in the competition might go by before somebody was eliminated. That wasn’t compelling television.

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As is the annual tradition at FanGraphs, we’re using the week of the All-Star Game — while the industry pauses to take a metaphorical breather — to take stock of the top-50 trade assets in the sport. For more context on exactly what we’re trying to do here, see the honorable-mentions post linked at the top of the page.

For this post and the four to follow, I’ll present a graphic (by way of the wizard Sean Dolinar) breaking down each player’s objective skill level (represented, in this case, by a five-year WAR projection from ZiPS), contract/team-control details, rank in last year’s series, and then year-by-year details of age/WAR/contract through 2023, although a couple players have control beyond those five years. For those readers who are partial to spreadsheets rather than blocks of text, I’ll also include all the players we’ve ranked so far are in grid format at the bottom of the post.

The ZiPS WAR forecasts did influence the rankings a bit: for players who were bunched together, it acted as an impartial tiebreaker of sorts, but the industry opinions I solicited drove the rankings.

With that said, let’s get to the final 10 spots on the Trade Value list this year.

This last spot, as I’m sure was true on all of the versions of the list Dave did, was a tough to decide upon. As you can see from the honorable mentions, basically every type of player has a solid candidate for this spot. One could argue on behalf of Matt Olson, for example, that he’s a similar player to Tucker, has just one fewer year of control, and has already posted 3.6 WAR in his first 167 games. That said, Tucker seems to get a bit of a boost from the industry because of his recent call-up and that isn’t all nonsense: calling a top prospect up to a contending team before there’s any incentives by way of service time suggests the things non-Astros people know about Tucker (mental makeup, etc.) are positive.

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On Saturday evening, the Cardinals made the necessary — though arguably tardy — decision to fire manager Mike Matheny. The now-former Cardinals skipper was at the helm of some successful teams, but after two consecutive playoff misses and a mediocre 2018 season, Matheny was shown the door. While managers often receive too much praise for success and too much criticism for a club’s failures — Matheny certainly benefited from inheriting a World Series champion and might ultimately have been fired for piloting this year’s club to just a .500 record — the last few weeks shined an unwelcome light on the Cardinals due to communication issues with Dexter Fowler and the defense of Bud Norris and old-school antics.

While Matheny’s poor bullpen management and recent internal troubles will get a lot of attention, his biggest deficiencies as a manager were (a) an inability (or refusal) to discern his players’ present talent levels and (b) his related preference of managing with his gut. While the latter quality might function as a virtue in some situations, it most famously caused Matheny trouble in the 2014 NLCS when he turned to Michael Wacha after weeks of rest. It has also forced the Cardinals front office to make roster moves around Matheny’s weaknesses instead of playing to his strengths.

When Matheny was provided with depth, he would neglect it, exiling useful players to the bench. When he was provided with clear starters, those starters would receive so much playing time that they were exhausted by late summer. Prospects were sent to Memphis not because they had something to prove in Triple-A but because playing time was at a premium in the majors. Veteran relievers were required because younger options were ignored, and Matheny’s need for fixed roles led directly to the acquisition of Greg Holland, whom Matheny persisted in using even when all indications suggested that such a thing was hurting the club. Mike Mayers drew raves in spring training but, due to Matheny’s insistence than an eighth reliever ought to be reserved for emergencies, was ignored once the season began. The front office is, of course, complicit in accommodating Matheny’s wishes, but they apparently desired to be free from the restrictions the manager put on their decisions. Now they can turn to other, fundamental questions.

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While the result isn’t always a poor one, the decision to wait for an exact perfect trade is a dangerous game for a rebuilding/retooling team. Greed can sometimes be good, yes, but a player’s trade value can also dissipate with a simple twinge in the forearm.

For every Rich Hill who lands at a new home in exchange for an impressive haul, there’s a Zach Britton or Zack Cozart or Todd Frazier or Tyson Ross whose value declines dramatically — sometimes so dramatically that they become effectively untradable. Even when waiting doesn’t lead to disaster, such as with Sonny Gray and Jose Quintana, teams frequently don’t do that much better by waiting for the most beautiful opportunity for baseball-related extortion. Regression to the mean is real. For a player at the top of his game, there’s a lot more room for bad news than good; chaos may be a ladder, but it’s not a bell curve.

With that in mind, I’ve identified five players who might be most valuable to their clubs right now as a trade piece. None of them are likely to be dealt before the deadline. Nevertheless, their respective clubs might also never have a better opportunity to secure a return on these particular assets.

Kevin Gausman, RHP, Baltimore Orioles (Profile)

There seems to be a sense almost that, if the Orioles are able to trade Manny Machado for a great package, get an interesting deal for Zach Britton, and procure some token return for Adam Jones, then it’ll be time to fly the ol’ Mission Accomplished banner. In reality, though, that would simply mark the beginning of the Orioles’ chance to build a consistent winner. After D-Day, the allies didn’t call it wrap, shake some hands, and head home to work on the hot rod. (Confession: I don’t actually know what 18-year-olds did for fun in 1944.)

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