Jeremy Affeldt and Valuing Relievers
Based on reports from the last few days, the Giants have reportedly agreed to re-sign Jeremy Affeldt to a three year, $18 million contract. Predictably, the internet has responded with scorn.
Three years for a reliever. Might as well give the money to Jean-Ralphio “@marcoacosta28: @keithlaw you like the Affeldt signing ?”
— keithlaw (@keithlaw) November 13, 2012
Multi-year deals for relief pitchers are generally not a great way to spend money. Relievers are fickle, they can be replaced fairly easily, and it doesn’t take much money to cobble together a bullpen full of failed starters who can excel in a more limited role. Keith’s overarching point about long term deals for relief pitchers is correct.
But, at some point, it probably behooves us all to move beyond generalities and talk about the specifics of contracts for free agent relievers, because despite the rhetoric, not every multi-year deal for every relief pitcher is a giant waste of cash.