Zack Greinke and the Importance of 2016
Zack Greinke looks to be worth what the Diamondbacks will be paying him. We still don’t have a complete idea of the structure of his contract, so it’s not like everything can be nailed down precisely, but he’s one of the most valuable pitchers in baseball, and he’s going to get paid like it. When you factor in everything he does — pitch, hit, defend — Greinke’s projected contract comes out looking a lot like his actual contract. So, based on our usual estimates, this is a totally acceptable free-agent deal. Good for Greinke, good for Arizona.
Here’s where it gets more complicated: those usual estimates don’t do much to account for team context. Let’s say the going rate for a win in free agency is $8 million. The specific number doesn’t matter. That’s what any team should expect to pay. But you can’t pay everyone free-agent money — that would mean, to expect 40 team WAR, you’d need a payroll of $320 million. $8 million might be the cost of a win in free agency, for every team, but not every team has the same total $/WAR target. As always, the biggest-spending teams have an advantage. Teams like the Diamondbacks need to be more careful.