Over the last few years, the Pirates have developed a bit of a reputation for being exceptional at extracting value from discarded pitchers: Francisco Liriano, Edinson Volquez, and Mark Melancon are three of the more recent examples, for instance. However, before any of those three got to Pittsburgh, the Pirates worked their voodoo on A.J. Burnett, taking him off the Yankees hands in the winter of 2011 and extracting two excellent years from him after New York decided to pay him to play for anyone else but them.
Over the 2012-2013 seasons, Burnett threw 393 innings with a 92 ERA-/85 FIP-/82 xFIP-, providing well above average performance and durability, and because the Yankees were financing his costs, the Pirates paid just $13 million for those two seasons. However, the cost-conscious organization declined to make him a qualifying offer last offseason, and despite some mutual desire for another contract between both sides, Burnett ended up taking a two year contract to go pitch for the Phillies.
It didn’t go well for either side. Burnett was bad, his teammates were worse, and so both sides decided to opt-out of the second year of the contract, allowing Burnett to become a free agent again. And now, with the choice of where to pitch once again, Burnett has decided to go back to Pittsburgh, signing on for the 2015 season for $8.5 million. By opting out of his Phillies deal and signing with the Pirates, he ended up leaving $4 million on the table, so this represents a pretty significant pay cut for Burnett, but as a 38 year old who has made over $100 million in his career, happiness clearly came ahead of maximizing dollars earned.
Read the rest of this entry »