It’s different when you’re an executive for a smaller-budget organization. It’s not bad, and it might even be fun, but the circumstances force you to be a little more imaginative. You don’t ever really get to splurge, not unless you get lucky. More often, you have to be creative — you have to try to see things where other people don’t. You’re forever hunting for bargains, looking for upside where others might see downside. So much is about accepting flaws and reclamation projects. It can be a rewarding challenge, but only the challenge part is certain.

It’s simpler when you have resources. There’s a lot more pressure, as there are higher expectations, but when you have resources, you don’t always need to overthink. When you have resources, like the Dodgers, you can determine that you have a weakness in the bullpen, and you can just go get Aroldis Chapman to try to fix it. The Dodgers looked somewhat thin behind Kenley Jansen, who’s one of the best relievers in baseball. So word is they’re on the verge of picking up another one of the best relievers in baseball.

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On Friday night, Zack Greinke decided to take his talents to Phoenix, joining the Arizona Diamondbacks, who are now an interesting potential contender for 2016. That decision, of course, left a significant hole in the Dodgers starting rotation, and the loss of their alternate ace has set the team down a different course. Since the Greinke news broke, they’ve struck deals with aging veterans Hisashi Iwakuma and Chase Utley, traded for Aroldis Chapman, talked to the Marlins about Jose Fernandez, were named as a suitor for Ben Zobrist, and probably have a few dozen other alternatives that haven’t leaked out to the public yet. This certainly won’t be a boring winter in Los Angeles.

But it’s certainly possible that, for the second straight winter, the Dodgers are going to choose to acquire a larger quantity of potentially good players rather than banking on the elite performances of a few high profile stars. Andrew Friedman’s roster revamp a year ago saw the team acquire guys like Brandon McCarthy, Brett Anderson, Yasmani Grandal, Jimmy Rollins, and Howie Kendrick rather than make runs at All-Stars like Max Scherzer or Jon Lester. And then the Dodgers essentially affirmed that philosophy in July, when they were heavily linked to Cole Hamels, but chose to make a deal that brought in Alex Wood and Mat Latos instead. Capping their offer to Greinke at $160 million might have been surprising for a team that has seemingly unlimited payroll space, but while the Dodgers have spent extensively on acquiring young talent (particularly in the international market), this front office has not shown an inclination to pay a premium for high-end veterans.

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On July 7th, 2006, a 23-year-old righty made his major league debut against the Tigers. He entered the game in relief and immediately began putting up 99s on the radar gun. It wasn’t enough, however, to prevent Chris Shelton from singling to shortstop and beating out the throw. Brandon Inge also wasn’t afraid of the velocity, as he hit a ground-rule double to center. The young righty was now flustered. He hit Curtis Granderson to load the bases. He paced around the mound, gathered himself, and then rallied to strike out Placido Polanco, get a weak grounder from Ivan Rodriguez, and strike out Magglio Ordonez to end the threat.

On that day, Mark Lowe began a journey that started with the Mariners and continued on to the Rangers (in the Cliff Lee deal), and then the Dodgers, Angels, Nationals, Rays, Indians, Mariners (again), and Blue Jays. And now, almost ten years later, the Tigers have signed him with a two-year deal to be their setup man. It’s been quite a trip for him.

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The next major free agent off the board is almost certainly going to be Zack Greinke. According to a wide number of reports, Greinke has narrowed his choices down to the Dodgers and Giants, and is pitting the two NL West rivals against each other with the goal of landing a six year deal at the highest annual average value of any player in baseball history; reportedly, he’s asking for $35 million per season, so if he gets six years, he’d end up with $210 million guaranteed. Even if he has to settle for five years and some kind of sixth year option, that’s still $175 million guaranteed at the AAV he’s seeking.

That’s a bit higher than the 5/$160M I predicted at the start of the off-season, and blows away the crowd’s expected 6/$156M valuation. On the one hand, when the Dodgers are bidding on someone, you can say that the dollars are irrelevant, because they have so much much money that the difference of a few million per year just doesn’t really matter. But this doesn’t seem like it’s just the Dodgers blowing away the competition to get the guy they want back; the Giants are reportedly being very competitive on price, making Greinke’s decision difficult.

And while Greinke is an excellent pitcher, there isn’t a lot of evidence that he’s a $200 million pitcher. For his career, he’s graded out as about a +4 WAR pitcher, regardless of whether you use ERA or FIP, and he’s headed into his age-32 season. Rationally, he’s going to get worse during his next deal, and even if you start him around his career average of +4 WAR — Steamer projects +4.1 for 2016 — then you’re looking at a pitching performance that projects to be worth about $150 million over the next six years.

Zack Greinke’s Contract Estimate — 6 yr / $151.2 M

Year	Age	WAR	$/WAR	Est. Value
2016	32	4.1	$8.0 M	$32.8 M
2017	33	3.6	$8.4 M	$30.2 M
2018	34	3.1	$8.8 M	$27.3 M
2019	35	2.6	$9.3 M	$24.1 M
2020	36	2.1	$9.7 M	$20.4 M
2021	37	1.6	$10.2 M	$16.3 M
Totals		17.1		$151.2 M

Assumptions
Value: $8M/WAR with 5.0% inflation
Aging Curve: +0.25 WAR/yr (18-27), 0 WAR/yr (28-30),-0.5 WAR/yr (31-37),-0.75 WAR/yr (> 37)

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Last year was the worst year for shopping in the non-tender market since 2007. No player that was non-tendered after the 2014 season was worth even a win in 2015, which hasn’t happened since MLBTradeRumors started tracking non-tenders with their handy tool.

Before we consider it a trend, remember that the year before was the best year for non-tender shopping over the same time frame. Infielder Justin Turner netted the Dodgers three wins, oufielder Sam Fuld nearly did the same for the Rays, now-Cub Chris Coghlan was worth two wins, and catcher Michael McKenry was also nearly average.

In any case, looking over the past non-tender values, a few truths emerge. The best non-tender pickups were above replacement level the year before, for one. And, like Kelly Johnson, Willie Harris, Aaron Miles, and Jeff Keppinger before, they usually had some positional flexibility. Or at least positional value, in the case of the center fielders and catchers.

In that way, maybe last year did buck the trend to some extent. Kyle Blanks (0.8 WAR) and Justin Smoak (0.6 WAR) led the way, and they don’t offer much in positional flexibility or value. Still, last year’s above-replacement non-tenders also included Slade Heathcott (0.5) and Gordon Beckham (0.3).

So who will lead this year’s non-tender market?

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Before every game, we publish estimated game odds. The odds consider the identities of the starting pitchers, and as the first pitch draws closer, the odds update to factor in the actual starting lineups. I’m not saying it’s an infallible system or anything, but it’s a neat little feature we have, even if it doesn’t get all that much use. And though this is by no means a rigorous test, consider the top 100 most seemingly lopsided games from the season past. Based on the calculated odds, the favorites in those games should’ve won 70 times. The favorites actually won 71 times. So things check out.

The favorite won the game with the single most lopsided odds. Max Scherzer and the Nationals were projected to have 78% odds against Sean O’Sullivan and the Phillies. The favorite also won the next-most lopsided game, and the next-most lopsided game, and the next-most lopsided game, and the next-most lopsided game. The five games with the most imbalanced odds all went to the team expected to win. We find our first upset in sixth. Which would then qualify this as the season’s greatest upset, taking into consideration only pre-game odds. It was an upset when the Royals rallied past the Astros in the playoffs, but that wasn’t a lopsided game at the start. It only became that way later. The biggest upset, considering pre-game outlook? We rewind to June 17, and we go to Los Angeles.

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Last night, Jonah Keri got the baseball world buzzing with a series of tweets.

Source: #Braves deep in talks with NL West team about possible trade.

— Jonah Keri (@jonahkeri) November 12, 2015

Source: #Braves trade talks with NL West team revolve around Andrelton Simmons.

— Jonah Keri (@jonahkeri) November 12, 2015

While we’ve seen a few deals struck already, Andrelton Simmons going west would be qualify as a pretty significant move, and so immediately, other reporters started checking in to see who the unidentified NL West club could be.

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Since we don’t have much more than velocity readings from Japan, it can be difficult to rely on anything but scouting reports when evaluating pitchers coming over from Nippon Professional Baseball. And now that 27-year-old Kenta Maeda is once again rumored to be coming to America through the posting system, we’re once again left wondering how to place him in context.

We have his Japanese strikeout and walk rates, which we can compare to recent postings to find comparable countrymen. We also have his velocity readings and a general sense of the quality of his pitches that we can use to compare him to pitchers beyond just ones that have come from Japan. We even have one game of PITCHf/x data to help us look at the movement of his pitches.

And the few comparable players we produce might be the best we can do from out here in the public sphere.

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I don’t know if Clayton Kershaw is going to win the Cy Young Award, but I know he deserves to as much as anybody else. Three years ago, he won the Cy Young by allowing a .521 OPS. Two years ago, he won the Cy Young by allowing a .521 OPS. This year, he might win the Cy Young after allowing a .521 OPS. Maybe he wouldn’t mind a loss so much; he’s already won three of these things, plus a league MVP. He’s not hurting for hardware. But then, it’s not like Clayton Kershaw likes to lose.

He is the total package, as a pitcher, as a player, as a person. On the field, he’s proven his durability. He’s turned himself into a good hitter for his position. He’s also a good defender, who’s difficult to run against. Few pitchers have Kershaw’s know-how, and few pitchers have his command. Kershaw throws what rates as one of the best fastballs in baseball. He throws what rates as one of the best sliders in baseball. He throws what rates as one of the best curveballs in baseball. He does everything, and he’s 27. There’s no such thing as an actually perfect pitcher, but Kershaw is as close as it gets. There are no meaningful weaknesses. He’s even now proven himself in the playoffs.

There’s just this one thing. This one nearly irrelevant thing, that bothers Kershaw even if it doesn’t bother anybody else. Ask anyone else, and they’d tell you that Kershaw is as good as they come. Ask Kershaw, and he’d tell you he wishes he could throw a decent changeup.

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In the opening minutes of his great documentary Baseball, Ken Burns characterizes the sport in terms that are both pleasing on their own and also relevant to yesterday’s post regarding Mike Trout‘s peak, and now today’s on Clayton Kershaw‘s:

“It is a haunted game, in which every player is measured against the ghosts of all who have gone before. Most of all, it is about time, and timelessness.”

It’s a much more succinct and effective way of making the point I attempted to make yesterday, in that today’s players don’t yet have the luxury of having a legacy, in turn making it tough to contextualize their potential place in history while that legacy is still being built. Looking at what today’s players accomplished in their primes, relative to the primes of the ghosts (both figurative and literal) who have gone before can help us do that.

Trout’s place in history has been well documented and updated since the completion of his 10-win rookie season. For the better part of three years now, you’ve been hearing all types of Trout stats, included with some sort of “under __” age filter that places him alongside the game’s all-time greats like Ted Williams, Mickey Mantle and Willie Mays for his production, relative to his age. It’s been hard to avoid the company which Trout has kept.

With Kershaw, seems we haven’t heard that as much. Part of it, likely, is just Trout stealing the thunder. Part of it, likely, is that Kershaw didn’t begin truly dominating until his age-23 season, so the fun “under-21” stats weren’t as fun. Part of it, perhaps, is the ridiculous Kershaw postseason narrative. Probably the biggest part of it is just that pitchers are tougher to compare across generations, and it might be easier to “dismiss” the historic nature of what Kershaw has done by recognizing that it’s happened during one of the most depressed run environments the live-ball era has ever seen.

Even with the run environment considered, what Kershaw has done these past five seasons is absolutely historic.

Trout’s “peak” — his first four seasons in the Majors — already ranks as one of the 10 greatest peaks by a position player in baseball history. He’s not alone. Kershaw is currently in the midst of a top-10 all-time peak himself. We’re lucky enough to experience them both.

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