Yesterday, Marcus Stroman accepted the Mets’ qualifying offer, returning to the team on a one-year deal worth $18.9 million. Later in the day, Kevin Gausman accepted his own qualifying offer, making them the only two players to accept their QOs this year. Gausman reportedly had multi-year offers in hand but chose to stay with the Giants anyway, taking the guaranteed $18.9 million salary over any long-term security a multi-year contract would provide. It’s not a surprising decision on Gausman’s part, especially since he and the Giants have made some progress on negotiating an extension already.

Stroman’s decision to accept the QO wasn’t exactly a surprise either. The Mets traded for him a year earlier than expected, in July of 2019, when he still had a year and a half of club control remaining. He pitched well enough down the stretch last year, but the Mets were already looking forward to 2020 when they acquired him. Unfortunately, a calf injury sustained towards the end of summer camp sidelined him to start this season, and he eventually decided to opt out of the entire campaign in early August. Because he didn’t pitch in 2020, he would have entered the free agent market at a serious disadvantage. Taking the QO defers some of that risk since he’ll be a free agent again after the 2021 season, but the hope is that he’ll have another full year of innings under his belt at that point.

For the Mets, this was their first major move since Steve Cohen finalized his purchase of the team. Stroman’s QO was offered by the outgoing executive vice president and general manager Brodie Van Wagenen before he was dismissed by Cohen, making for a potentially awkward situation. But in his announcement, Stroman voiced great enthusiasm for Cohen and the winning culture he laid out in his first press conference as owner. Read the rest of this entry »

Yesterday, I did a deeply meaningless thing. I ignored our site’s excellent projections — both ZiPS and Steamer do a great job of projecting future performance — and made my own terrible ones using some old methodology. Why? Partially because I’m not smart enough to build my own ZiPS, but mainly so that I could walk through the very basic way projection systems work — not by wishcasting or hoping or by finding some sneaky data point no one else has, but by carefully using and weighing the data we all have.

Of course, that’s a buttoned-down and boring way to think about things. Let’s talk about something fun instead! The top of the 2021 projections I made yesterday is dotted with a bunch of people you’d expect, and since I didn’t even bother park-adjusting it, a few too many Rockies. The impressive Fernando Tatis Jr. comes in at 11th in wOBA, which is cool given he still has a season of zeroes in there. Freddie Freeman is continuing his ascent. But here’s a shocker: there are four Mets in the top 40.

That sounds, well, wrong. The Mets aren’t supposed to be a good offensive team. They’re supposed to be a pitching team, what with Jacob deGrom and Noah Syndergaard atop the rotation (upon Syndergaard’s recovery) and Edwin Díaz locking down the bullpen. There’s just one problem with that narrative: it’s completely wrong. The Mets were, in fact, tied with the Dodgers for the best wRC+ in baseball last year. They finished fifth in position player WAR — the defense wasn’t a strength — but generally hit an absolute ton.
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As Steve Cohen completes his purchase of the Mets and begins his first offseason, there is going to be considerable speculation that Cohen will use his vast resources to make a splash and try to make the Mets contenders next season. He absolutely should do that, but it wouldn’t hurt to have a plan other than drop cash out of the sky and see which players take it. There are hundreds of free agents, tons of trade options, and many internal decisions on players. While unlimited funds sounds great, Cohen and the Mets will need to target their resources to make the biggest impact for this season and beyond. With that in mind, here’s how I would plan an ideal offseason for the Mets.

Don’t Trade Away Talented Players

When Brodie Van Wagenen got the Mets job, he had an admittedly difficult task to make the Mets into more of a contender without significantly increasing payroll. That meant taking on a bad contract in Robinson Canó’s deal, but also requiring cash to cover some of the costs and sending over players with near-term bad contracts in Jay Bruce and Anthony Swarzak to offset current contracts. Then, top prospect Jarred Kelenic was added all so the Mets could get an elite reliever in Edwin Díaz. In short, the Mets took on huge future salary commitments and gave up future talent for immediate salary relief and a reliever. The Mets shouldn’t have to make those types of moves to acquire talented players. Read the rest of this entry »

In the latest sign that this offseason could be a difficult one for free agents due to the industry-wide loss of revenue caused by the COVID-19 pandemic, just six players received qualifying offers from their 2020 teams prior to Sunday’s 5 PM Eastern deadline. That’s the lowest total since the system was put in place in 2012, not that anyone should fret the loss of something that makes player movement more difficult. The six — Trevor Bauer, Kevin Gausman, DJ LeMahieu, J.T. Realmuto, George Springer, and Marcus Stroman — have until November 11 to accept or decline the one-year, $18.9 million offers. While historically, the odds strongly suggest that most of those players will decline them and move on, Gausman and Stroman stand out as two players who could accept them and return to their respective teams.

I’ll get to the players and the decisions themselves, but before that, there’s a lot to unpack. To review, the qualifying offer system was introduced for the 2012-16 Collective Bargaining Agreement and then revised for the 2017-21 CBA. It’s the latest mechanism in a battle that’s as old as free agency itself, for not only does it compensate the team who lost a major free agent by awarding them a draft pick, it penalizes the team that signs him by costing them a draft pick, and acts as a drag on player salaries because at a certain point, the cost of the lost draft pick(s) is substantial relative to the expected value of the player. That the updated rules make a player who has previously received a QO ineligible to receive another one is a clear acknowledgement of that fact.

The value of the one-year qualifying offer is based upon the mean of the top 125 player salaries (full-season salaries, not prorated ones). A player issued a QO can accept and return to the team for whom he played in 2020 at that price, or he can decline it and sign with any team (including the one from whom they rejected the offer), with his old team receiving a draft pick whose placement is based upon the size of the subsequent contract. If a qualified player signs a deal for at least $50 million, his old team gets a draft pick between the first round and Competitive Balance Round A. There were no such picks in the 2020 draft, but in ’19, those picks were numbers 33 and 34, while in ’18, they covered picks 31-35, meaning that they yielded around $9-10 million in future value. If a qualified player signs a deal for less than $50 million, the compensatory draft pick follows Competitive Balance Round B, which takes place after the second round, and which in 2019 covered just pick number 78, and in ’18 fell in the 75-78 range, worth somewhere around $3-3.5 million.

Meanwhile, the quality of the pick lost by the signing team depends upon whether it exceeded the Competitive Balance Tax in the previous season, and whether it receives revenue sharing money. A team that pays the tax will lose its second- and fifth-highest picks, which might amount to around $8 million in future value, while a team that receives revenue sharing will lose its fourth-highest pick, which might be worth closer to $3 million. These are ballpark estimates; you can read the fine print here. Read the rest of this entry »

Last night, Trevor Bauer made a rather emphatic statement not only on behalf of his team, which is in the playoff hunt, but also for himself in the National League Cy Young race. Bauer pitched eight innings, striking out 12 against one walk and just a single run as the Reds moved above .500 to move into the eighth and final playoff spot heading into today’s action. Meanwhile, though it’s not yet clear if Jacob deGrom or Yu Darvish will get another outing to stake their claims, but Corbin Burnes pitches tonight against the Cardinals. Below you will find the NL WAR leaders among pitchers through last night’s contests:

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After a deal with Steve Cohen to purchase the New York Mets was nixed last year due to issues of continued team control, the Wilpons looked for other suitors only to end up back with the hedge fund billionaire. According to Sportico, the deal values the Mets at $2.42 billion. Cohen will assume 95% ownership of the team, increasing his stake from 8%; the Wilpon family will retain control of the remaining 5%. The transaction will not include the Mets’ regional sports network SNY, a cash cow currently controlled by the Wilpons’ Sterling Equity with a 65% share.

The sale is the largest in MLB history, and given the franchise’s $391 million value at the time of the Wilpons’ purchase in 2002, it’s also the most profitable in terms of total dollar amount. Here are MLB franchise purchase price valuations since 1988 in chronological order:

And here’s profitability compared to the previous valuation:

In terms of annual profits based on the valuation of the franchise when it was bought and sold, the Mets’ deal is a little closer to the middle at around 9%. There’s an argument that being only a little bit above average isn’t great, though being above-average on a debt-laden team in the middle of a pandemic looks to be a pretty positive outcome. Here’s where the Mets’ sale stacks up in terms of its annual increase in value after inflation:

Before we get to Cohen, let’s take a look back at the Wilpons and how we got here.

From Initial Investment to Full Control

Fred Wilpon reportedly originally bought 5% of the Mets in 1980 when Doubleday & Co. purchased the team for $21.1 million. Six years later, Nelson Doubleday and Wilpon joined forces to purchase the club at a value of around $80 million. It wasn’t until 16 years after that that Wilpon and his family gained full control of the club, though the purchase was not without controversy. The sale price valuing the club at $391 million was set by an appraiser and initially contested by Doubleday. He argued against the price due to a number of factors ranging from:

Wilpon being “in cahoots” with baseball to force him to accept less-than-market value for his 50 percent of the Mets to baseball “manufacturing phantom operating losses” as part of its labor strategy.

Doubleday relented on his claims after the Wilpons agreed to quadruple the money owed at the time of sale from $28 million to $100 million. In the end, the Wilpons paid just $135 million to purchase the other half of the club from Doubleday due to team debt that was subtracted from the purchase. For about $1 million in 1980, $40 million in 1986, and $135 million in 2002, the Wilpon family gained full control of the Mets. Read the rest of this entry »

Without a true minor league season on which to fixate, I’ve been spending most of my time watching and evaluating young big leaguers who, because of the truncated season, will still be eligible for prospect lists at the end of the year. From a workflow standpoint, it makes sense for me to prioritize and complete my evaluations of these prospects before my time is divided between theoretical fall instructional ball on the pro side and college fall practices and scrimmages, which will have outsized importance this year due to the lack of both meaningful 2020 college stats and summer wood bat league looks because of COVID-19.

I’m starting with the National League East. Players who have appeared in big league games are covered below, as are a few players who have been at the offsite camps all season. The results of changes made to player rankings and evaluations can be found over on The Board, though I try to provide more specific links throughout this post in case readers only care about one team.

Atlanta Braves

In an August post, I talked about how I was moving away from hitters who swing recklessly but failed to mention that I’d slid Drew Waters from the back of the 55 FV tier — around 50th overall — down to 76th overall, near a bunch of the high ceiling/high variance hitters grouped toward the back of the top 100.

I also slid Kyle Wright (now a 40+ FV — I know he has graduated off of other publications’ lists but even after counting his time on the roster I still have him classified as rookie-eligible, though perhaps I’m miscounting?) and Bryse Wilson (45+ FV). Both of them are throwing hard (Wilson up to 96 over the weekend, Wright up to 97 yesterday) but because they’re of the sink/tail variety, their fastballs don’t have margin for error in the strike zone and both of them too often miss in hittable locations. Each has the secondary stuff to start, but neither has seized a rotation spot even though Atlanta desperately needs someone to. Read the rest of this entry »

Not for nothing did they call Tom Seaver “The Franchise.” When he debuted in 1967, the Mets lost 101 games, their fifth time in triple digits in six seasons of existence. Two years later, he led the team not only to its first winning record but to an upset of the powerhouse Baltimore Orioles in the World Series. A month shy of his 25th birthday, he had given “the Miracle Mets” a leg up against the crosstown Yankees, who were going through a fallow period after dominating baseball for four and a half decades, and in doing so he became an all-American icon. Uniting a powerful, efficient “drop and drive” delivery with a cerebral approach and impeccable command, he would go on to check virtually every important box in his 20-year major league career, winning three Cy Young awards, making 12 All-Star teams, leading his league in a triple crown category 11 times, tossing a no-hitter, surpassing the 300-win and 3,000-strikeout milestones, and setting a record with the highest share of a Hall of Fame vote when he became eligible in 1992.

Last summer, in celebrating the 50th anniversary of that championship, the Mets announced that they would officially designate the address of Citi Field as 41 Seaver Way (after his uniform number, which they retired in 1988), and dedicate a statue to “Tom Terrific.” Alas, by that point, Seaver’s family had gone public with the news that he had been diagnosed with dementia and was retiring from public life; he had battled health problems for years, including multiple bouts with Lyme disease. He missed the anniversary festivities and never lived to see the statue’s completion. Seaver passed away on Wednesday at age 75. According to the National Baseball Hall of Fame, he died peacefully in his sleep from complications of Lewy body dementia and COVID-19.

Seaver spent 11 1/2 of his 20 seasons with the Mets, departing in rather traumatic fashion first on June 15, 1977, in a trade to the Reds that was dubbed “The Midnight Massacre,” and then again in 1983, when after returning to New York via a trade and spending a season back in Queens, he was left unprotected in what was called the free agent compensation draft. He spent 2 1/2 years with the White Sox and his final half-season aiding the 1986 Red Sox’s pennant push, though a late-season knee injury kept him off the postseason roster and he could only watch as his former team won its second World Series.

Seaver was so durable that he made at least 32 starts and threw at least 200 innings in the first 13 seasons of his career and in 16 in all, the last at age 40. He finished with an ERA+ of at least 100 while qualifying for the ERA title in 18 of those seasons, including his final one at age 41; that’s tied with Walter Johnson for fourth behind only Greg Maddux, Roger Clemens, and Cy Young, all with 19. His 3,640 strikeouts still rank sixth all-time, while his 311 wins rank 18th. He’s seventh in shutouts (61), 15th in starts (647), 19th in innings (4,783), walks (1,390) and home runs allowed (380), and in a virtual tie for 22nd among pitchers with at least 2,500 innings in ERA+ (127).

On the advanced statistical front, his 109.9 bWAR (including offense) ranks sixth behind only Johnson, Young, Clemens, Pete Alexander, and Kid Nichols. His seven-year peak score is “only” 20th, but his 84.6 JAWS is eighth; every pitcher ahead of him save for Clemens last pitched in the majors prior to World War II. Read the rest of this entry »

Wracked by injuries and currently running fourth in the NL East at 15-20 — but even so just two games out of the eighth playoff spot — the Mets added a trio of players via separate deadline deals with the Rangers and Orioles on Monday. While catcher Robinson Chirinos and infielder Todd Frazier are the more familiar names and could have relevance beyond this season, it’s reliever Miguel Castro who will probably have the most staying power. Each addition addresses an area of need, though their 2020 impact might be minimal, and the hard-throwing righty did cost them a prospect of note as well as either a player to be named later or cash.

On a team that lost Noah Syndergaard to Tommy John surgery and Marcus Stroman to an opt-out, then sent Michael Wacha and now Steven Matz to the Injured List with shoulder woes, the Mets have raided their bullpen to draft Robert Gsellman and Seth Lugo into the rotation alongside Jacob deGrom, Rick Porcello, and rookie David Peterson. Particularly with Dellin Betances joining the IL due to right lat tightness, the need for competent relief work became particularly acute, and the addition of Castro, a 25-year-old righty with a live arm, helps to remedy that. Castro’s two-seam fastball averages 97.7 mph and goes as high as 99; as Ben Clemens recently observed, when he’s facing lefties, he tends to use his changeup as a secondary pitch, while against righties, he goes to his slider as an alternative. The fastball is even more hittable than most, but the secondary pitches are very good.

While Castro, who debuted with the Blue Jays in 2015 but still has two years of arbitration eligibility remaining, got rather mediocre results in 2019 (4.66 ERA, 4.73 FIP in 73.1 innings), this year, he’s pitched markedly better (4.02 ERA, 3.71 FIP in 15.2 innings). His strikeout rate has spiked from 22.3% to 34.3%, while his walk rate has fallen from 12.8% to 7.1%; as a result, his K-BB% has nearly tripled, from 9.4% to 27.2%. His home run rate has climbed from 1.23 per nine to 1.72, but at the same time, his batted ball profile has taken on a different shape — harder contact but more grounders, and a ridiculous HR/FB rate:

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As the 2020 baseball season seemed to teeter on the brink of collapse this weekend in light of the news of an outbreak on the Cardinals, the comments of commissioner Rob Manfred, and the inactivity of six teams, four players — three of them former All-Stars — opted out of the 2020 season: Brewers center fielder Lorenzo Cain, Mets outfielder Yoenis Céspedes, Marlins second baseman Isan Díaz, and free agent lefty Francisco Liriano. None of them are known to be in high-risk groups themselves, meaning that they’ll forfeit the remainder of their salaries. The departure of Cain is likely the most impactful from a competitive standpoint, and that of Díaz the most understandable given his proximity to the largest outbreak to date. All of those were overshadowed by the drama surrounding Céspedes and the Mets, who together turned the announcement of an opt-out decision into a bizarre spectacle that unfolded over the course of a few hours on Sunday afternoon.

We’ll get to Céspedes, but first is Cain. Although he had played just five games this season, the 34-year-old two-time All-Star was off to a promising start, going 6-for-18 with a double and three walks. A speedy, savvy baserunner, he pulled off an entertaining escape from a rundown against the Cubs on July 25, a clip that made the rounds:

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