Daily Notes: Crowdsourced vs. Actual Contract Values
Table of Contents
Here’s the table of contents for today’s edition of Daily Notes.
1. Crowdsourced vs. Actual Contract Values, Nearly Complete
2. Table: The Four Remaining Crowdsourced Contracts
3. Raw Image: Lance Berman, Licking His Chops
Crowdsourced vs. Actual Contract Values, Nearly Complete
Before the end of the season, FanGraphs asked readers to project what sort of contracts the league’s free agents would receive, both in terms of years (Yrs) and average annual value (AAV). With the recent signing by Milwaukee of right-hander Kyle Lohse, only four crowdsourced free agents remain unsigned.
Below are the (sortable) results for the players who’ve received contracts. The headings preceded by a lower-case c designate the crowdsourced results. The headings preceded by a lower-case a designate the actual results. Finally, headings with a lower-case d designate the difference between the crowdsourced and actual results, wherein a positive result represents those instances where a player’s actual contract was higher than the crowdsourced value.
So, for example, the crowd estimated that Lance Berkman would receive $7.7 million annually, while he actually received $11.0 million — i.e. $3.3 million, or 42.6%, more. Positive numbers in the right hand column, therefore, represent instances in which the crowd was pessimistic relative to reality; negative numbers, instances of optimism.