Archive for Rays

Chris Archer, Jose Quintana, and Risk Valuation

The rise of the early career contract extension has, in some cases, made it clear just how much impact one contract extension can have on future contract negotiations. For instance, nine months after Justin Upton signed a six year, $51 million contract with the Diamondbacks, Jay Bruce signed a six year, $51 million deal with the Reds. A year after that, Andrew McCutchen signed a six year, $51 million deal with the Pirates. A couple of years ago, Madison Bumgarner, Jon Niese, Derek Holland, and Chris Sale all signed long term deals with very similar parameters at similar levels of service time. Even just a few weeks ago, Starling Marte signed a $31 million contract that is almost exactly a clone of the deal Paul Goldschmidt signed last spring.

This is basically how the extension market works. There are parameters in place that drive the fundamentals, but by and large, a lot of the negotiation boils down to making sure that the deal is in the same range of what the last few similar players signed for. And so it’s not surprising that the two most recent extensions for young, early career pitchers come with almost exactly the same terms.

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Spring Training Doesn’t Matter, But-

You remember what Scott Baker used to be. He used to be the model of what the Twins were going for. Lots of strikes, easy outs, strikeouts not so much as a result of stuff but as a result of throwing in the zone enough and throwing fastballs high enough. Baker was a dependable guy right up until his elbow surgery. He came back and took a while to get right with the Cubs. In three starts to close last year, he struck out six of 57 batters before becoming a low-profile free agent. He wound up with the Mariners, seemingly with an inside track for a rotation job. All he needed to be was Scott Baker.

According to Chris Cotillo, Baker is leaving the Mariners and becoming a free agent again. Didn’t like his chances, despite rotation injuries. About that: let’s go back to March 1. In the second inning of a start against the Angels, Baker struck out Chad Tracy. The strikeout was called. The pitch was in, and out of the zone. That’s been Baker’s only strikeout in the Cactus League, even though he’s faced 64 batters. He’s walked seven, and he’s hit three, and all three in a row, incidentally. The point is this: we’re conditioned to dismiss spring-training statistics. Sometimes, though, it sure feels like they’re telling us something. In this case, it sure feels like they’re telling us that Scott Baker isn’t right, and he’s always had a pretty slim margin of error.

Not that this is a post about Scott Baker! I promise.

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Jason Heyward and Another File-to-Trial Benefit

Jason Heyward was supposed to be going to court in a few weeks. His agents had filed a salary number for arbitration, and his team was a file-to-trial team — once a player has filed an arbitration number with a file-to-trial team, it’s supposed to mean that they are headed to court to debate their respective cases in front of an arbitrator. We thought about this situation when they filed, and it seemed that were reasons on both sides for the public fight over $300 thousand — the team wanted to discuss more reasonable numbers quicker and needed the threat of trial, while the agents in this case were aggressive and didn’t mind the consequences, apparently.

But today, look in the news, and there’s an announcement — the Braves and Heyward have agreed to a two-year $13.3 million deal. This seems to go against the file-to-trial policy, at first. Until you look around the game and realize that two other file-to-trial teams, the Rays and the Blue Jays, have also made deals like this after filing numbers. Now it looks like there was one last benefit to the file-to-trial policy that we didn’t get to: leverage in negotiations for a multi-year deal.

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The Rays Need Their Depth Early

Yesterday, news broke that right-handed starting pitcher Jeremy Hellickson had surgery to remove loose bodies from his elbow and will be out until mid-to-late May. The childish part of me wants to make a quip about the loose bodies teaming up with those ever antagonistic free radicals, forcing a counter-insurgency executed with surgical precision. It would seem the childish part of me has succeeded.

The less childish part of me wonders how this setback affects the Tampa Bay Rays in 2014. The short answer is, not much, but there are a number of trickle down effects that are worth exploring.

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The Rays, the A’s, and Seeing What Might Not Be There

Here are a couple things that we know:

  • The Rays and the A’s are lower-budget baseball teams
  • The Rays and the A’s have good ideas of what they’re doing

I suppose we can’t really prove the second one, but to the extent that results can serve as indicators, it’s hard to argue with how successful the teams have been despite their considerable financial disadvantages. Both front offices are thought of as intelligent, forward-thinking, analytical, and efficient, and they’re efficient out of necessity, because neither team can afford to flush money down the toilet. They need to try to get the most out of every dollar they spend.

Here’s another thing that we know: over the offseason, the Rays and the A’s have poured some millions into building up their bullpens. Relievers are often thought of as being lousy investments, and it seems easy enough to cobble a bullpen together on the cheap, so when the Rays and the A’s invest in late-inning vets, it gets attention. The temptation is to believe they’re exploiting some kind of inefficiency. The temptation is to believe we’ve been wrong about relievers for a while. Basically, the temptation is to believe that they’re on to something. And, you know, maybe that’s true. Maybe they’ve figured something out. Or maybe people are just looking for patterns in the sand. Maybe there’s nothing weird going on at all.

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Grant Balfour Gets a New New Home

It both makes a lot of sense and it doesn’t. Grant Balfour is good, and the Rays have signed him for two years and $12 million. You’ll recall that’s $3 million less than it looked like he would be getting earlier in the offseason. That’s the sensible bit. This is the more confusing bit:

There’s also a price to pay with that, as Friedman acknowledged their payroll is projected to be higher than the franchise-record of $72.8 million in 2010.

“I think it’s an unaffordable figure for our franchise,” Friedman said.
[…]
“But it’s certainly not a sustainable number in terms of where we are revenue-wise, but we felt like we had a really good chance to be great next year, that’s why we’re doing what we’re doing.”

That’s from the beginning of January. That’s when the guy in charge of the Rays’ roster referred to the payroll as “unaffordable” and not sustainable. You wouldn’t expect that team to add another eight-figure player, especially with that player being a relief pitcher. But, let’s just assume the Rays have a better idea what they can afford than I do. Let’s assume they’re prepared to move ahead with David Price in the rotation, salary and all. If you grant that the Rays can afford this, then it would appear like the Orioles gave them a gift.

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Rays, Padres Fill Needs And Challenge One Another

If you had told me at the start of this week that Logan Forsythe was going to headline a seven-player trade, I’d have said that you just must be bored because nothing has been going on. After all, how often do seven-player trades happen? I mean, that’s just crazy talk. That it did actually happen, and that the headliner has compiled a grand total of 1.7 WAR is cool, in an odd sort of way. The trade is also rare in the sense that it both fills distinct needs for both clubs, but also is a bit of a challenge trade.

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The Braves, Jason Heyward, File-to-Trial & Arbitration

The Braves are going to arbitration with Jason Heyward over $300 thousand dollars. It’s a wonderful sentence, full of so many words that could set you off in a million different directions. And so I followed those strings, talking to as many people involved in arbitration as I could. Many of those directions did lead me to denigrations of arbitration, and of the file-to-trial arbitration policy that the Braves employ. There’s another side to that sort of analysis though. Arbitration is not horrid. File-to-trial policies have their use. This is not all the Braves’ fault.

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Steamer Projects: Tampa Bay Rays Prospects

Earlier today, polite and Canadian and polite Marc Hulet published his 2014 organizational prospect list for the Tampa Bay Rays.

It goes without saying that, in composing such a list, Hulet has considered the overall future value those prospects might be expected to provide either to the Rays or whatever other organizations to which they might someday belong.

What this brief post concerns isn’t overall future value, at all, but rather such value as the prospects from Hulet’s list might provide were they to play, more or less, a full major-league season in 2014.

Other prospect projections: Arizona / Baltimore / Chicago AL / Chicago NL / Houston / Los Angeles AL / Miami / Milwaukee / Minnesota / New York NL / San Diego / San Francisco / Seattle / Toronto.

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The David Price Equation

As we’ve talked about a whole bunch of times, the pitching market is at a standstill right now, as teams await a Masahiro Tanaka resolution. Free agents are waiting to maximize the size of their markets, and teams are waiting because they’d prefer not to be reduced to chasing one of the free agents instead of Tanaka. Tanaka, baseball has decided, is much better. Additionally, the trade market is quiet, especially the one for David Price, because while teams do of course see Price as an ace, getting him would require giving up players, and teams are more comfortable just giving up money. So Tanaka is the primary focus.

It stands to reason there could be one more run at Price after Tanaka makes a decision. Every team but one will be left without a new Tanaka on it, and there just aren’t many starters like that available. But where once a Price trade seemed like a foregone conclusion, here’s Buster Olney on Tuesday:

Increasingly, rival executives are convinced that David Price will remain with the Rays for the 2014 season. “Ninety percent chance he stays,” said one rival official. “The [trade] market hasn’t materialized.”

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