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The All-Star break is often just that — a much-needed break, for players and executives alike. You might’ve heard this before, but the regular season is something of a grind. Yet the break also comes just in advance of the trade deadline, so one can never get too comfortable. And as trades go, today there’s been a big one: Drew Pomeranz is going from the Padres to the Red Sox, and Anderson Espinoza is reportedly going from the Red Sox to the Padres.

Let’s get this out of the way now: The A’s look really silly. They looked silly even before this — Pomeranz was an All-Star! — but Espinoza is a major return, and quite preferable to Yonder Alonso and Marc Rzepczynski. This is a move I’m sure Oakland regrets. There’s another move I’m sure they regret more.

The Oakland part of this is funny. But the Boston and San Diego parts are also interesting, and obviously more relevant. For the Padres, this moves the rebuild forward, getting another boost from the Red Sox farm system. Perhaps the team learned a lesson from last summer’s inactivity. And for the Red Sox, they’ve now picked up one of the only quality starters known to be out there. Pomeranz’s sudden breakout appears to be legitimate. In question is how much he has left in the tank.

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And now we’re really getting into the best players in the game. This group is made up of some of the elite performers in the sport, and the quality of short-term value is nearly as high as it is with the top 10. The difference for most of these guys is price and control years; many of them are into their arbitration years and are close enough to free agency that they don’t bring a lot of long-term value. But their short-term impacts are still large enough to put them among the most valuable assets in baseball.

As a reminder for those who haven’t read the first three parts of the series, we’ve significantly upgraded the way we’re presenting the information this year. On the individual player tables, the Guaranteed Dollars and Team Control WAR — which are provided by Dan Szymborski’s ZIPS projections — rows give you an idea of what kind of production and costs a team could expect going forward, though to be clear, we’re not counting the rest of 2016 in those numbers; they’re just included for reference of what a player’s future status looks like. And as a reminder, we’re not ranking players based on those projections, as teams aren’t going to just make trades based on the ZIPS forecasts. That said, they’re a useful tool to provide some context about what a player might do for the next few years.

With those items covered, let’s get to the guys who just missed making the top 10.

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A few months back, Jeff Sullivan asked me what type of baseball dork I am. A big one, is probably the answer, but Jeff was inquiring on a more specific level. He asked: hitting or pitching? I answered: defense. It’s what I was best at when I played the game. It’s what my favorite players did best growing up. It’s the area of the game, analytically speaking, which most interests me. I derive more pleasure doing deep dives on defense in cases of dissenting opinion — talking about guys like Eric Hosmer, Jose Iglesias, or Jay Bruce — probably moreso than any other type of post I write. This won’t be a super deep dive. This is more of an observation, some video, and maybe a few chuckles. With Bartolo Colon, there’s always some chuckles. We’re all Bartolo Colon dorks.

Because I’m a defense dork, I hand out my own Gold Glove Awards at the end of each year, which really are just the numbers’ Gold Glove Awards, because all the different defensive metrics in one is all I use for those posts. And so, because I do that at the end of each season for the posts, I often find myself doing it at the midway point of each season, as well, just to see. I bring this up because I just did it, and that’s why this post exists. Because here’s how the pitchers currently grade out:

Total Defensive Runs, Pitchers

1. Bartolo Colon, +3.8 runs saved
2. Zack Greinke, +3.6
3. Dallas Keuchel, +3.2
4. Tyler Chatwood, +3.0
5. Justin Verlander, +2.9

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As has become customary, both Major League Baseball Commissioner Rob Manfred and Tony Clark, head of the Major League Baseball Players Association, held press conferences during All-Star week to field questions regarding various issues affecting the game. Unsurprisingly, one of the issues about which both men were asked concerned the ongoing litigation over the allegedly illegally low wages paid to minor-league players.

For his part, Manfred insisted that the minor-league wage debate “is not a dollars and cents issue” for the league. Instead, he asserted that the league was merely concerned with the feasibility of applying these laws to professional athletes:

“I want to take extra BP — am I working, or am I not working? Travel time. You know, is every moment that you’re on the bus, is that your commute that you don’t get paid for? Or is that working time? Where’s the clock, who’s going to punch a clock keep track of those hours?”

“Who’s going to keep track of those hours? When you’re eating in a clubhouse with a spread that the employer provides, is that working time, or is that your lunch break? We can figure out the economics. The administrative burden associated with the application of these laws to professional athletes that were never intended to apply for professional athletes is the real issue.”

Meanwhile, Clark contended that his hands are tied on the matter, since the MLBPA does not currently represent most minor-league players, and thus “legally [doesn’t] have the ability to negotiate on their behalf.”

To some extent, both Manfred and Clark expressed fair and legitimate concerns regarding the issue. At the same time, however, further examination reveals that both statements appear to be somewhat disingenuous.

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We’re now halfway through this year’s trade value list, and today’s crop is an interesting group, comprised almost entirely of outfielders and pitchers, many of whom have signed long-term deals at bargain prices, relative to the current market rates for players of their abilities. This group skews a little older than the last ten names we discussed, but the oldest player here is still 29; youth is still a near-requirement for making this series.

As a reminder for those who haven’t read the first two parts of the series, we’ve significantly upgraded the way we’re presenting the information this year. On the individual player tables, the Guaranteed Dollars and Team Control WAR — which are provided by Dan Szymborski’s ZIPS projections — rows give you an idea of what kind of production and costs a team could expect going forward, though to be clear, we’re not counting the rest of 2016 in those numbers; they’re just included for reference of what a player’s future status looks like. And as a reminder, we’re not ranking players based on those projections, as teams aren’t going to just make trades based on the ZIPS forecasts.

That said, they’re a useful tool to provide some context about what a player might do for the next few years. And for prospects who haven’t yet been called up, we have to guess when they’ll become arbitration eligible, since we don’t actually know how their organizations will handle the service time issue yet.

With those items covered, let’s get to the middle of the list.

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Over the last few days, we’ve started off the Trade Value series with the introduction, the honorable mentions, and the first 10 names of the series. I strongly encourage you to read all of the linked articles for an explanation of the question we’re trying to answer, and some context for who we’ve already discussed.

As we move to the second group, you’ll note that this tier is heavy on prospects and guys without a substantial big-league track record. These guys are always controversial, as some people value history over potential, but there’s no question teams are becoming more and more protective of their top young minor leaguers, especially the ones who can come up and make an impact on the big-league team. That is mostly what sets this group of prospects apart from the ones who didn’t quite make the cut: these guys have present value, and could mostly play in the big leagues today. The ability to impact a team in the second half of the year, as well as turn into a franchise cornerstone with more development, is what makes them so valuable to major-league clubs.

Also, thanks to Sean Dolinar, we’ve significantly upgraded the way we’re presenting the information here. On the individual player tables, the Guaranteed Dollars and Team Control WAR — which are provided by Dan Szymborski’s ZIPS projections — rows give you an idea of what kind of production and costs a team could expect going forward, though to be clear, we’re not counting the rest of 2016 in those numbers; they’re just included for reference of what a player’s future status looks like. And as a reminder, we’re not ranking players based on those projections, as teams aren’t going to just make trades based on the ZIPS forecasts. That said, they’re a useful tool to provide some context about what a player might do for the next few years.

On to the second part of the series.

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It’s still rather difficult to craft an argument against the Chicago Cubs as the best team in baseball, at least in my opinion. I mean, shoot, they’ve outscored their opponents by 139 runs for the season, and that’s 34 more than the next-best team, and 50 more than the next-next best team. They’ve got an MVP candidate (favorite?) in Kris Bryant, and they’ve got perhaps the second-best pitcher in the world in Jake Arrieta. The lineup’s still deep, the rotation’s still deep. They still play defense, and they still run the bases. It’s the same roster that was undoubtedly the best roster just a month ago, and the same roster that the projections, whether it be ZiPS, Steamer, or PECOTA, think is clearly the best in the sport.

But, here’s the thing. The Cubs no longer have the best record — they’ve barely got the second-best record — and that’s kinda crazy, considering it was barely a month ago that they had the best record in the sport by 6.5 games, with an even better BaseRuns record at the time.

Except, lately — and pretty much since that moment — things haven’t been going so hot. I created a little infographic to help put things into perspective. Hope this does the trick:

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Alright, now that we’ve gotten the introduction and the honorable mentions out of the way, let’s get to the actual list. I strongly encourage you to read both of the linked articles for an explanation of the question we’re trying to answer and a bunch of names who could easily have ended up in this post, but despite a crowded field, these 10 guys were able to nail down spots in the Trade Value series.

It’s a risk-filled group, with some serious upside and downside throughout, but these guys are all young enough to turn into franchise players, and most of them could help a team win right now as well.

Also, thanks to Sean Dolinar, we’ve significantly upgraded the way we’re presenting the information here. On the individual player tables, the Guaranteed Dollars and Team Control WAR — which are provided by Dan Szymborski’s ZIPS projections — rows give you an idea of what kind of production and costs a team could expect going forward, though to be clear, we’re not counting the rest of 2016 in those numbers; they’re just included for reference of what a player’s future status looks like. And as a reminder, we’re not ranking players based on those projections, as teams aren’t going to just make trades based on the ZIPS forecasts. That said, they’re a useful tool to provide some context about what a player might do for the next few years.

And with those logistics out of the way, let’s get to the list itself.

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Yesterday, we kicked off Trade Value Week with the introduction, which you should go read if you haven’t already. Along with a brief description of the concept and what we’re trying to accomplish — besides just having some fun during the All-Star break anyway — we also talked about the 20 players who failed to return from last year’s rankings.

Today, we’re going to kick off the list in earnest, with the 10 players who fill spots #41 to #50 coming in a few hours. But before we get to the guys who just made the cut, I want to dedicate some time talking about the guys who just missed, because in all honesty, there’s something like 75 to 100 guys in baseball that have a pretty strong case for a spot in the Top 50. With players this good, we really are splitting hairs, and which good player you prefer will depend heavily on your own preferences.

I know rankings always bring out division, and I am aware of the fact that there will be some people upset with the idea that Player X ranks #46 while Player Y didn’t make the Top 50, but I do want to emphasize that we’re dealing with very small margins here, and there are no objectively correct answers to the questions this exercise poses. I showed this list to a bunch of friends in the game, and their feedback was even more diverse than I expected.

Some thought there were too many pitchers; others thought there weren’t enough arms. It’s an impossible task to create a list that everyone will agree upon, and I expect many of you will make passionate cases for players who didn’t quite make the cut, but know that I probably won’t disagree with you much; there are a lot of very good players who teams would love to have, and the gaps between guys at the end of the list are quite small indeed.

So, below, we present the Honorable Mentions, the guys who just barely missed out on ending up on the list, and easily could fit on your personal Top 50. For the record, I’m not going to re-list the guys we covered that fell off last year’s list, since we already discussed them, but many of them were still close to making the list this year as well, so you can see that post and this one as a tandem of guys who were in the mix for one of the final few spots but just didn’t quite make it.

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For most of baseball, it’s All-Star Week, a time where we celebrate the best players in the game by letting them strike out against guys throwing 100 mph for 20 pitches at a time. At FanGraphs, though, All-Star Week means something else; it’s time for the annual Trade Value series.

While it’s almost always an academic pursuit, given that most of these guys are practically unavailable in trade, it’s still fun to work through the various pros and cons of the game’s most valuable players. We’re kicking off the series with the introduction post today, which includes a look back at guys who aren’t carrying over from last year’s list, and will have the honorable mentions and the last 10 guys in tomorrow. We’ll do 10 spots per day, culminating with the top 10 on Friday.

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