Manny Machado is on the trade block. And rightfully so, as the Orioles are not very close to the other contenders in the AL East, and are looking at losing Machado, Zach Britton, and Adam Jones to free agency next winter. There is simply too large a divide to justify holding those guys and hoping the team lucks into a Wild Card spot, so moving their best pieces while they have the most value is the rational decision.

That said, as I’ve ready some of the suggested offers various teams could make to bring Machado to their city, it seems there remains a disconnect between the understanding of Machado’s abilities and Machado’s trade value. It’s unquestioned that Machado is one of the best players in the world. He’s a star, and will be paid accordingly in free agency next year. But for anyone acquiring him, he’s a one-year rental, with some fringe benefit of being able to try to get him to give you a discount in free agency next winter. That’s worth something, but it isn’t worth the kinds of packages that people seem to expect.

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The Red Sox have been talking about adding power all winter. The Yankees just traded for Giancarlo Stanton. Dave Dombrowski is unlikely to just let that move go unchallenged, so the Red Sox are probably more likely than ever to outbid everyone for J.D. Martinez. And the wheels to make that happen might be starting to turn.

The Boston #RedSox have let several teams know that CF Jackie Bradley is available in their pursuit of a power bat. #Cubs

— Bob Nightengale (@BNightengale) December 11, 2017

When the Jose Abreu rumors kicked up a couple of weeks ago, I wrote about how swapping Bradley for a slugger might make the team different but not necessarily better. And while Martinez is better than Abreu, the same principle applies here.

Unless the Red Sox get a great return for Bradley, swapping him out for whatever you can get for him in order to sign Martinez would be more rearranging the deck chairs than a massive upgrade. And it would cost a lot of money, since Bradley will make about $6 million in arbitration, and Martinez will cost north of $25 million per year to sign as a free agent. Martinez is better than Bradley, but he’s not $19 million per year better than Bradley.

Now, maybe there’s a big market for Bradley’s services, and Dombrowski is going to pull off a great trade that brings back a low-cost quality young first baseman or starting pitcher. There are scenarios where trading Bradley could make sense. But it feels more likely that the Red Sox would be selling low for the primary purpose of creating a spot in the outfield so they can justify overpaying Martinez. And if that really is the plan, this probably isn’t something Red Sox fans should be rooting for.

If there’s been one fairly easy prognostication this winter, it’s that the Red Sox are going to sign one of the expensive free agent hitters available in this class. Dave Dombrowski has historically not been shy about spending big to upgrade his roster, and has also shown a propensity for building rosters around power. The Red Sox ranked 27th in home runs last year. This is probably not something he wants to repeat.

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“I know all teams have plenty of money.”

—Giancarlo Stanton

This season’s National League MVP, Giancarlo Stanton, recently addressed rumors that Miami might trade him, noting that the club could immediately become a postseason contender with the addition of pitching. His suggestion that all teams have plenty of money certainly appears to be a response to speculation that the Marlins intend to slash payroll a few months after having been purchased for more than a billion dollars.

It also stands to reason that he was commenting upon the fact any club could theoretically afford to acquire Stanton and the $295 million remaining on his contract. In one sense, he’s probably right. Revenues in baseball are at an all-time high. For a number of reasons, however, there’s not a direct correlation in baseball between revenues and spending.

One main reason is the competitive-balance tax, formerly known as the luxury tax. The cap for the tax has increased at only about half the rate of MLB payrolls. Accordingly, more teams find themselves up against a tax that was made more painful in the last CBA. Those taxes have pretty drastic effects on the trade market for Giancarlo Stanton, putting some teams out of the bidding and making the cost for others high enough that a competitive offer might be unreasonable.

Two years ago, Nathaniel Grow wrote an excellent piece about the implications of the luxury tax this century, showing how many teams used the tax as a cap, which has driven down spending relative to revenue over the last decade. In the last few years, the tax threshold has grown at a very slow rate, such that, by the end of the current CBA, teams with an average payroll will find themselves just a single major free-agent signing away from transcending it. The graph below depicts both average team payrolls and the tax threshold since 2003.

Over the last 15 years, payroll has grown at a pace 50% faster than that of the competitive-balance tax amount. However, the chart above actually overstates the rate at which the competitive-balance threshold has grown. From 2003 until the beginning of the previous CBA in 2011, the luxury tax grew at a rate pretty close to MLB payrolls, even if it did depress salaries compared to revenue. Beginning with the CBA that started in 2011 and the new CBA, which goes through 2021, the competitive-balance tax has seen barely any growth, especially when it comes to payroll.

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There’s no player more polarizing this offseason than Miami outfielder Giancarlo Stanton. The Marlins’ new ownership group has indicated that they’d like to reduce the club’s payroll by as much as $50 million before the start of the 2018 campaign. With 10 years and $295 million remaining on his contract, Stanton is the logical place to begin with any such cuts.

The prospect of a Stanton trade isn’t particularly straightforward, though. There appears to be little consensus on the relative value of his production to the costs required to employ him. Is he overpriced and injury prone — should he be treated as a salary dump? Or is he the rare available peak-aged star who should be coveted?

What follows is a series of points in support of the latter case.

He’s not necessarily injury prone.
Much has been made of Stanton’s inability to put up 600-plus plate appearances — probably too much. It’s true that he’s only crossed that threshold four times over eight years in the bigs (yes, we can count the 636 he put up over two levels in his rookie season), but that’s not as damning as it may seem. And that’s not just because one of those four injury-shortened seasons came from a broken jaw on a hit by pitch — that is, by means of a one-time event, not a chronic problem.

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We’re currently in the midst of a lull in the baseball calendar. The offseason has officially arrived and yet the Hot Stove hasn’t really been lit yet. I suppose I could get excited for Awards season, but the painfully slow roll out and the heated arguments wear me down fairly quickly.

So, instead, I try to make my own baseball entertainment. For me, one exercise is simply to look over the league and attempt to identify the players about whom I’m most excited for next season. Not superstars, necessarily: everyone is always excited to watch the game’s brightest lights. And not prospects who haven’t yet reached the Show, either. I’m not really qualified to talk about those players in a meaningful way, so I’ll leave those players to Eric (and Chris) and all the scouts out there.

Outside of those groups, though, there are still hundreds of players from which to choose. I’ll be excited to watch more than these 10, of course, but in surveying the league, these are ones who caught my eye. Note that this isn’t in any particular order. I’m equally excited about all 10. Perhaps you’ll agree with me, perhaps not. Feel free to conduct your own exercise and let me know who your 10 players are in the comments.

Rafael Devers

The new Red Sox third baseman enjoyed a meteoric debut month, swatting his way to a 224 wRC+ in his July call-up. That covered just 27 plate appearances, though, and as we moved into August and September, he cooled off significantly. He hit safely from his second game (July 26) through his eighth game (August 4). At that point, he was hitting .389/.463/.694, for a 205 wRC+. From August 5 through the end of the regular season, though, he hit .263/.312/.441, for a 92 wRC+. Doom and gloom, right? Not entirely, no, because in Boston’s abbreviated playoff run, he was one of the few bright spots, slashing .364/.429/.909. He slugged two homers — one off of Francisco Liriano and one off of Ken Giles. The latter was of the inside-the-park variety, but it was impressive nonetheless:

So, it’s hard to know what to expect from young Devers. Andrew Benintendi was similarly hyped coming into last campaign and was decidedly mediocre for large swaths of the season. Will that be Devers’ fate too? And what of his fielding? He made seven throwing errors and seven fielding errors in his short time in Boston. If the Red Sox acquire a legit first baseman this winter (or a legit DH and move Hanley Ramirez to first) and it turns out that Devers can’t hack at it at third, the Red Sox will have a conundrum to solve.

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Pitching and defense didn’t win in 2017. Offense did. Specifically, launching juiced balls into the air did.

That’s an oversimplification, of course. Charlie Morton played a significant role in winning two Game 7s. Justin Verlander was generally great. Pitching and defense were certainly part of it. But an examination of wRC+ and FanGraphs’ Offensive Runs Above Average (Off) statistic for 2017 playoff teams reveals a noteworthy finding.

Of the three clubs that won 100 games in the regular season and the two clubs that met in the World Series, each finished in the top four by FanGraphs’ Off and wRC+. The historically good Astros offense led the club to a World Series title.

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Regular readers of this column may recall the law school aspirations of Milwaukee Brewers prospect Jon Perrin. When he was featured here in May 2016, the Oklahoma State graduate was dominating Midwest League hitters — he’d fanned 47 and walked just one in 36 innings — but he was nonetheless contemplating saying goodbye to baseball. Perrin had applied to Harvard Law, and if accepted he was “probably going to be out of here.”

As we later reported, that didn’t happen. Perrin received a letter of rejection from the prestigious institution, and went forward with his pitching career. Harvard’s loss is proving to be Milwaukee’s gain. The 24-year-old right-hander spent this past season with Double-A Biloxi, continuing his stingy ways. In 105-and-a-third innings, he issued 21 free passes while fashioning a 2.91 ERA.

Perrin was pleased with his performance.

“I feel I proved that I can get advanced hitters out,” said Perrin, who relies heavily on his sinker. “A sub-3.00 ERA at the Double-A level is nothing to spit at. I had some up and downs and fought through an injury, but was able to finish on a strong note. I can’t complain.”

His Juris Doctor plans haven’t gone away. They’re simply on the back burner. Perrin was accepted into the University of Kansas’s law school program this past spring, and while he’s “100% committed to baseball,” he knows that a playing career only lasts so long. Once the spikes are hung up, he’ll begin his legal studies in his home state. Read the rest of this entry »

Heading into the 2017 campaign, a lot was expected of Jackie Bradley Jr. In 2016, he’d shown that his late-season breakout the previous year was no fluke. He recorded five wins, bashed a career-best 26 homers, and earned a place on the All-Star team for the first time. He was excellent on the defensive side of the ball, as well. There was sufficient reason to think he’d reach a new level.

Unfortunately, though, this season didn’t quite go as planned. If his career seemed to be trending up, the 2017 campaign changed that impression. It was an unexpected chapter in what has become a pretty strange career up to this point.

Let’s start with Bradley’s power output. In 2015, when then-interim manager Torey Lovullo finally gave Bradley a shot at regular playing time, he started pounding the ball with authority. For the 2015 season as a whole, he posted a .249 ISO. From his July 29 call-up to the end of the season, his ISO was .272. No one expected him to carry that over for a full season in 2016 — only 24 players have ever posted a .270 ISO for a whole season while manning center field, and the list of players who have done it more than one season is perilously short, including only Carlos Beltran, Joe DiMaggio, Jim Edmonds, Ken Griffey Jr., Mickey Mantle, Willie Mays, Duke Snider, Gorman Thomas, Mike Trout, and Hack Wilson. Ten guys.

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Today, the off-season begins in earnest, as free agents become eligible to sign with new teams at 5 pm eastern. And given the number of interesting players on the market and which teams look like buyers, it should be a more active free agent atmosphere than we’ve seen in past years. Toss in a number of high-profile trade targets, and we could be in for a pretty interesting winter.

But every year, it seems, a few teams end up driving the off-season action. Last year, White Sox GM Rick Hahn became the most popular guy in town, as he shopped Chris Sale and Adam Eaton around at the winter meetings, eventually making blockbuster trades for both. The Dodgers were the big spenders, bringing back their trio of top-tier free agents, though at rates that proved to be bargains in every case.

Of course, in prior years, teams like the Diamondbacks, Padres, and Tigers have dominated the off-seasons with their aggressive attempts to get better, only to see those moves push the franchise in the wrong direction. So being the hot stove kingpin isn’t always a good thing, and with a particularly risky set of premium free agents, there’s a decent chance that whoever makes the most big moves this winter will also end up wishing they had been a bit more cautious. But as we head into the time when a few teams are looking to remake their franchises in significant ways, let’s take a look at which teams might end up being the ones who have the most impact — one way or the other — on their clubs this winter.

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