Stephen Strasburg entered the Nationals organization in 2009 as a 21-year-old super-prospect, an essentially finished product ready to pitch in the majors. A decade later, he has more than lived up to the hype, averaging four wins per season even after missing nearly all of the 2011 season due to Tommy John surgery. The decade culminated with Strasburg’s best season, 36.1 brilliant postseason innings, and a World Series championship. After opting out of the final four seasons and $100 million owed to him under his previous contract, the Nationals made Strasburg’s return their top priority, with the team and player agreed to a record $245 million deal covering the next seven seasons as first reported by Jon Heyman. Ken Rosenthal reports that Strasburg also receives a no-trade clause with multiple award incentives with annual salaries of $35 million with $80 million in deferrals spread out equally over the contract to be paid with interest. Joel Sherman has indicated the deferrals will be paid in the first three years after the contract’s end.

In his post earlier this afternoon, Dan Szymborksi posted Strasburg’s ZiPS projections for the duration of the deal. Those projections gave Strasburg an impressive 27.5 WAR for his age-31 through age-37 seasons. According to Szymborksi’s projection, the $245 million figure is essentially a fair one. But the deal is still surprising for its magnitude. When FanGraphs crowdsourced free agent contracts for the Top 50 Free Agents post, the median contract estimate for Strasburg came out to $140 million with an average of about $154 million; Kiley McDaniel’s prediction came in at $150 million. With Strasburg and Gerrit Cole the only bonafide aces available, and multiple teams willing to dole out large sums of money for those aces, the market for Strasburg was evidently robust. As Scott Boras looks set to pit the Yankees and Angels against each other for Cole, Strasburg sat waiting as a potential backup option. Rather than run the risk of losing Strasburg to the Cole runner-up, Washington opted to jump the market and paid to avoid a potential bidding war.

There are certainly risks involved with signing a pitcher into his mid-to-late 30s. Strasburg has a Tommy John surgery in his past. From 2015 through 2018, he averaged under 150 innings, but innings totals can be a double-edged sword when looking at longevity. Strasburg’s low innings totals in the past can be held against him, just as the 245.1 innings he threw in 2019 can be held against him due to the extra mileage it put on his arm. Ultimately, the Nationals are paying Strasburg for what they expect him to do in the future. As noted above, Strasburg’s projections are good. To get a slightly better sense of how pitchers like Strasburg have performed, I looked for players within two wins of Strasburg’s 18 WAR from age 27 through 30 years old. I took out any player with more than 200 innings than Strasburg’s 662 during that time and looked at players within two wins of Strasburg’s 5.7 WAR total in 2019. I was left with eight players:

Strasburg comes up a bit short in his innings total, though his 50.1 postseason innings aren’t included above. It’s also worth mentioning that the two players closest to Strasburg in terms of innings were Curt Schilling and Roy Halladay. Four of the eight players above are already Hall of Famers. Kevin Brown and Schilling both have good cases for induction as well. Here’s how those eight players performed over their next three seasons:

There isn’t a bust in the group, and the players above actually got better in their early 30s, averaging five wins per season. The worst comp during those years is Bert Blyleven, who still managed to pitch close to 400 innings and average more than three wins per season. It’s possible that showing Strasburg’s near-term future as a largely positive one doesn’t say much that we don’t already know. What about the out years of the contract, when Strasburg’s deal might become a liability? Here’s how those same eight pitchers fared from age-34 through age-37, in what will be the last four years of Strasburg’s contract:

Out of all of Strasburg’s comps, only one pitcher, Shane Reynolds, aged poorly. Roy Halladay’s injuries prevented him from pitching longer, but he still managed 10.5 WAR after his age-33 season. While Randy Johnson’s incredible career is doing a decent amount of work above, the pitchers averaged four wins per year in their mid-to-late-30s. Even looking at the median gives us 3.7 WAR per season during that time. We don’t know for sure how Strasburg will age, and injuries could certainly derail the latter half of his career, but pitchers who have pitched like Strasburg have aged incredibly well. The average WAR totals for these pitchers from age-31 through age-37 was 32.1 WAR with a 28.7 WAR median, even beating the ZiPS projections.

The Nationals are taking a risk with Strasburg, but it’s possible their bigger risk isn’t in signing Strasburg, but in what that signing might mean for the team’s pursuit of Anthony Rendon. Mark Lerner recently indicated the club would not be able to sign both Strasburg and Rendon, though as I noted at the time, even if both were given contracts for $30 million per year, it would represent only $6 million more than they made with the Nationals in 2019. Earlier today, I posed a question to our readers asking who they think the Nationals would be better off pursuing between the two free agents. In the hours that followed, more than 1,000 readers weighed in; by nearly a 2-1 margin preferred Rendon to Strasburg. Tilting the scales even more given what we know now, the expected contract in the poll for Strasburg was $100 million less than what he’s actually set to receive, while Rendon’s contract came in at $210 million. The Nationals probably won’t regret signing Stephen Strasburg, but it’s possible they might regret letting Rendon go, if that’s what transpires.

Even with Strasburg’s $35 million salary (with some deferrals with interest), the Nationals payroll still comes to just $165 million, well below the $200 million-plus payrolls they’ve been carrying the last few years. If the team doesn’t keep Rendon, perhaps they will sign Josh Donaldson, but it certainly looks like the team has payroll room. Outside of Rendon and Donaldson, there aren’t any other impact position players available. The team is roughly one good player away from making themselves favorites in the National League East. Bringing back Strasburg is a positive move for next season and beyond, but they still have a little more work to do if they want to get back to the playoffs next season.

As first reported by Jon Heyman of MLB Network, Stephen Strasburg has agreed on Monday afternoon to re-sign with the Washington Nationals. Strasburg’s new seven-year deal will net him $245 million, or a cool $35 million per season. The fancy new contract at least temporarily stands as the largest guaranteed payday in baseball history for a pitcher, eclipsing the $217 million the Red Sox inked with David Price after the 2015 season.

Strasburg and Anthony Rendon are players on the level that any team would have been hard-pressed to replace their production. To not sign at least one of the pair would likely be a strong enough hit to give the World Champion Nats a fairly difficult road to returning to the playoffs in 2020. Making it up in lesser deals for lesser lights has become even more difficult with players like Zack Wheeler, Mike Moustakas, and Yasmani Grandal, all players that could have conceivably helped a post-Rendonburg Nats, already signed.

At $35 million a year, unless the Nats were bluffing about only being able to sign one of their free agents, this likely closes the book on Rendon’s time in Washington. With the team about $32 million from the first luxury tax threshold, Rendon might just barely sneak in. His number would have to be a little less than $30 million, as player benefits also count towards the luxury tax payroll. Unless the team clears payroll elsewhere, they’d have to get extremely creative in order to significantly improve first base, the bullpen, and possibly add another starter at the back of the rotation. It could very likely make them barrel through the $228 million threshold, something they may want to avoid with Adam Eaton, Sean Doolittle, and Max Scherzer nearing free agency and Juan Soto hitting arbitration soon. If the team could truly only sign one of the players, I think Strasburg is the right choice.

Carter Kieboom is unlikely to replace Rendon’s production in 2020 or 2021, but he’s a significant prospect who could become a legitimate plus at the hot corner fairly quickly. I don’t think the upside of whoever would have replaced Strasburg without an additional signing (Austin Voth or Joe Ross) matches what the Nats have in Kieboom. Read the rest of this entry »

“This is an unfair thing about war: victory is claimed by all, failure to one alone.” – Tacitus

Fair or not, among the general public, success in baseball means winning the World Series. The baseball-cultural definitions of dynasty and success have not evolved as the playoff system has grown larger and less designed to crown the best team. After seven consecutive division titles and no World Series championships, the Dodgers are perceived in large swathes of baseball fandom as being failures. As baseball is no fairer than the rest of life, the fact that the playoff system will naturally create a lot more failures than successes hasn’t shielded the team from criticism.

So after winning 106 games, the Dodgers find themselves in the awkward position of having to explain to fans that there’s no dark, underlying reason that caused them to win only two games in one particular five-game stretch in early October. There are no more key teaching moments in the NLDS loss any more than there were in any of the other 30 five-game stretches in 2019 during which the Dodgers won two or fewer games. Read the rest of this entry »

The three pitching lines below all belong to Jordan Lyles, who just signed with the Texas Rangers for two years and $16 million:

Now, maybe you’re not surprised that Lyles, 29, signed for $8 million a year. In our Top 50 Free Agents post, where we ranked Lyles 45th, you predicted two years and $12 million for the righty. $12 million isn’t $16 million, to be sure, but it’s in the ballpark. So perhaps you’re not surprised at this deal. I’m a little surprised, though. That’s because I think Lyles’ 2018-19 performance is far more likely to be indicative of his 2020-21 performance than his excellent run for the Brewers at then end of last season, and thought most teams would agree and offer him an accordingly modest deal this winter. The Texas Rangers, apparently, had other plans. Read the rest of this entry »

The Nationals just won the World Series thanks in large part thanks to stars Anthony Rendon and Stephen Strasburg. The pair were great for Washington in the regular season, combining for 13 wins; in the playoffs, Rendon posted an excellent 146 wRC+ and Strasburg became a playoff immortal.

The pair also earned around $54 million last season, with $10 million of that amount deferred as part of Strasburg’s contract. With both players now free agents, there are sizable holes for the Nationals to fill, both on the field and in their payroll. After running $200 million payrolls in each of the last three seasons, the club has only $132 million in salaries committed for next season, including arbitration estimates and minimum salaried players. When I looked at the teams with the most money to spend next season, I noted the $80 million gap between the Nationals’ 2020 commitments and 2019 payroll, and had this to say about their potential to spend:

The Nationals have a ton of money to spend coming off a World Series victory, and if they are going to get back to the playoffs, they will need to. If the team wanted, they could bring back both Anthony Rendon and Stephen Strasburg and because they stayed under the competitive balance tax amount last season, the penalties for going over next year are lessened. A big spend by the Nationals seems likely, though it won’t do much to change spending overall given where they were last year.

Read the rest of this entry »

The following article is part of Jay Jaffe’s ongoing look at the candidates on the BBWAA 2020 Hall of Fame ballot. Originally written for the 2016 election at SI.com, it has been updated to reflect recent voting results as well as additional research. For a detailed introduction to this year’s ballot, and other candidates in the series, use the tool above; an introduction to JAWS can be found here. For a tentative schedule and a chance to fill out a Hall of Fame ballot for our crowdsourcing project, see here. All WAR figures refer to the Baseball-Reference version unless otherwise indicated.

Billy Wagner was the ultimate underdog. Undersized and from both a broken home and an impoverished rural background, he channeled his frustrations into throwing incredibly hard — with his left hand, despite being a natural righty, for he broke his right arm twice as a child. Scouts overlooked him because he wasn’t anywhere close to six feet tall, but they couldn’t disregard his dominance over collegiate hitters using a mid-90s fastball. The Astros made him a first-round pick, and once he was converted to a relief role, his velocity went even higher.

Thanks to outstanding lower-body strength, coordination, and extraordinary range of motion, the 5-foot-10 Wagner was able to reach 100 mph with consistency — 159 times in 2003, according to The Bill James Handbook. Using a pitch learned from teammate Brad Lidge, he kept blowing the ball by hitters into his late 30s to such an extent that he owns the record for the highest strikeout rate of any pitcher with at least 800 innings. He was still dominant when he walked away from the game following the 2010 season, fresh off posting a career-best ERA.

Lacking the longevity of Mariano Rivera or Trevor Hoffman, Wagner never set any saves records or even led his league once, and his innings total is well below those of every enshrined reliever. Hoffman’s status as the former all-time saves leader helped him get elected in 2018, but Wagner, who created similar value in his career, has major hurdles to surmount given that he’s maxed out at 16.7% in four years on the ballot, that after receiving a 5.6% jump in this past cycle. Nonetheless, his advantages over Hoffman — and virtually every other reliever in history when it comes to rate stats — provide a compelling reason to study his career more closely. Given how far he’s come, who wants to bet against Billy Wags?

Read the rest of this entry »

The Royals aren’t known for their analytics department. They have one, of course. It’s not as though the organization is the Flintstones while everyone else is the Jetsons. That said, they’re still viewed as being old-school. In the eyes of many, scouting still rules the roost in Kansas City.

Just how true is that perception? According to the team’s longtime general manager, it’s far less accurate than it once was. Which isn’t to say that Dayton Moore has cast aside his roots in an attempt to become something he’s not. What he’s done is adapt to the changing times.

“My background is my background,” Moore told me at last month’s GM Meetings. “I’m not going to be ashamed of that. I grew up in a very traditional way. I grew up as a coach. I grew up as a scout. But the game has changed since I came to Kansas City in 2006.”

Moore remembers meeting with, among others, saber-smart baseball scribe Bradford Doolittle. That “created a pathway to us developing an understanding of analytics.” He went on to hire Michael Groopman as a baseball operations assistant in 2008, then promote him to Director of Baseball Operations/Analytics in 2015. In Moore’s words, Groopman “came in and built our analytics program.” Read the rest of this entry »

After having typically appeared in the hallowed pages of Baseball Think Factory, Dan Szymborski’s ZiPS projections have now been released at FanGraphs for eight years. The exercise continues this offseason. Below are the projections for the Colorado Rockies.

Batters

The 2019 Colorado Rockies ranked fourth in the National League in runs scored, which is actually a rather bleak ranking for a team that plays at Coors Field. “OMGTEHCOORSHANGOVER” has become a convenient excuse for the club’s struggles — at least when they accidentally suggest they’re aware there are struggles — but it’s become a bit of a crutch when talking about the team. There appears to be an effect, but a minor one, unlikely to be worth more than three-to-five points of OPS for Rockies hitters. ZiPS doesn’t take into consideration any “Coors hangover,” and if this were a big deal, then ZiPS would be systematically too optimistic on players going to Coors and too pessimistic on players leaving. But it is not.

I feel like we’ve been over this story a billion times, but very little has changed in Colorado. The team’s offense is largely reliant on having two-to-three players in any given season being MVP candidates, with Nolan Arenado and Trevor Story likely being those two players again in 2020. Ryan McMahon and David Dahl both receive projections that are kinda disappointing, but it’s hard to forget that Dahl’s injury history is long and the Rockies spent two prime development years jerking McMahon around. Read the rest of this entry »

It’s been a fast offseason for mid-tier pitchers, and that trajectory continued on Thursday with Michael Pineda signing a two-year contract to return to Minnesota. The actual value of the deal will come out to $17.6 million after pro-rating down the 2020 salary due to his suspension:

The first year of Michael Pineda's deal — which is pending a physical — is a prorated $10m. With a 39-game suspension to serve, that means #MNTwins will pay roughly $7.6m in the 1st year of the deal. In reality, it's more like a 2-year, $17.6-million deal for Pineda.

— DanHayesMLB (@DanHayesMLB) December 6, 2019

The weirdness of signing a suspended player and pro-rating salary aside, this looks like a contender for the most team-friendly contract so far this offseason. Cole Hamels, who Kiley listed exactly one slot ahead of Pineda, is going to make more in 2020 than Pineda will over the next two years, and he was arguably worse than Pineda in 2019.

It’s almost beside the point to explain why this signing makes sense for the Twins, but let’s go through the motions quickly. The team’s winning recipe in 2019 was a combination of home runs at the plate and steady starters on the mound. José Berríos and Jake Odorizzi both had standout years, but the rotation was solid 1 through 5: Read the rest of this entry »

The following article is part of Jay Jaffe’s ongoing look at the candidates on the BBWAA 2020 Hall of Fame ballot. For a detailed introduction to this year’s ballot, and other candidates in the series, use the tool above; an introduction to JAWS can be found here. For a tentative schedule and a chance to fill out a Hall of Fame ballot for our crowdsourcing project, see here. All WAR figures refer to the Baseball-Reference version unless otherwise indicated.

Bobby Abreu could do just about everything. A five-tool player with dazzling speed, a sweet left-handed stroke, and enough power to win a Home Run Derby, he was also one of the game’s most patient, disciplined hitters, able to wear down a pitcher and unafraid to hit with two strikes. While routinely reaching traditional seasonal plateaus — a .300 batting average (six times), 20 homers (nine times), 30 steals (six times), 100 runs scored and batted in (eight times apiece) — he was nonetheless a stathead favorite for his ability to take a walk (100 or more eight years in a row) and his high on-base percentages (.400 or better eight times). And he was durable, playing 151 games or more in 13 straight seasons. “To me, Bobby’s Tony Gwynn with power,” said Phillies hitting coach Hal McRae in 1999.

“Bobby was way ahead of his time [with] regards to working pitchers,” said his former manager Larry Bowa when presenting him for induction into the Phillies Wall of Fame earlier this year. “In an era when guys were swinging for the fences, Bobby never strayed from his game. Because of his speed, a walk would turn into a double. He was cool under pressure, and always in control of his at-bats. He was the best combination of power, speed, and patience at the plate.” Read the rest of this entry »