Extension season continued today, with the Reds announcing the six year, $105 million contract for Homer Bailey that’s been rumored for the better part of the last week or so. Jeff already wrote up Bailey’s 2013 improvements, and there’s no question he was a significantly better pitcher last year than he had been previously. If those improvements are real and sustainable, Bailey won’t have any problem justifying this extension, and he certainly would have landed a much larger deal as a free agent next winter. There’s certainly upside here if he continues to pitch as he did last year.

That said, it’s also a pretty big bet on what amounts to one year’s performance at this level, and we can’t ignore what Bailey was before 2013 in projecting what he’ll do going forward. Using forecasts that account for multiple years of performance, Steamer projects Bailey as a +2.5 WAR pitcher in 2014, while ZIPS is a little more optimistic, coming in at +3.5 WAR. The always optimistic FANS projections are agree more with ZIPS, but they’ve generally been 15-20% too high across on the board — rose colored glasses and all that — and if you adjust all the FANS projections down to a more reasonable baseline, Bailey would come out at +2.9 WAR. I think it’s fair to say that Bailey is roughly a +3 WAR pitcher at the moment.

But this winter, we’ve seen a bunch of +3 WAR starters hit the free agent market, and none of them got anywhere close to $105 million over six years. One could certainly make the case that Bailey is more attractive than pitchers like Matt Garza (health concerns), Ubaldo Jimenez (lack of consistency), Ervin Santana (ditto), and Ricky Nolasco (ERA/FIP differentials), each of whom have signed — or in Santana’s case, are likely to sign — for roughly 4/$50M. The Reds essentially bought five of Bailey’s free agent years for an AAV of $19 million per season, while similar-if-not-quite-as-attractive actual free agents were only able to command $12 or $13 million per year with one fewer guaranteed year. Even if you prefer Bailey to these free agents — I do too, for the record — I’m not sure how to justify the gap at $6-$7 million per season, plus an extra guaranteed year, especially considering Bailey wasn’t actually a free agent yet.

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From just missing out on the Marlins’ first World Series title to being a member of the Red Sox’s eighth, Ryan Dempster has experienced plenty in his big league career. He might have just had his final experiences as a player however, as the 36-year-old Canadian native announced on Sunday morning that he will be sitting out the 2014 season. If this is the end, it has been a good run for Dempster, who has achieved some notable things in his career. And while the announcement comes at the dawn of spring training, his retirement doesn’t create a panicked situation for Boston in a vacuum, as the team has several pitchers ready (or close) to graduate to major league duty.

Dempster certainly isn’t going to be mistaken for one of the greatest pitchers of all-time, but in a way, he was. Using our leaderboards, we can see the following:

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It’s been long enough that I think it’s easy to forget Homer Bailey was a top prospect. Between 2007-2008, Baseball America ranked him No. 9 overall, between Franklin Morales and David Price. A year earlier, he was fifth overall, between Phil Hughes and Cameron Maybin. Hughes was supposed to blossom into a guy who pitched like an ace. He hasn’t yet. Bailey was supposed to blossom into a guy who pitched like an ace. He has, now, having reached a new level with the Cincinnati Reds. Hitters are the ones who’re supposed to peak at 27, but Bailey stole a page out of their book, and now word is he’s on the verge of inking a long-term contract extension to stay where he is in Ohio. A year away from free agency, the talk is that Bailey’s looking at nine guaranteed figures.

Bailey was already a pretty good starting pitcher, before leveling up. He never let anything get out of control, and for a few years he was in the vicinity of league-average. But last season, he dropped his FIP- into the 80s, and he did the same with his xFIP-. Because the Reds aren’t a huge-budget ballclub, it’s a risk for them to attempt this kind of commitment, so they’re rolling the dice as an organization on Bailey being more like his 2013 self going forward. Naturally, then, one gets curious about what changed between seasons. Was there any kind of key to Bailey’s improvement?

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The Cy Young Award.

The Jackie Robinson Award.

The Kenesaw Mountain Landis Memorial Baseball Award.

Players dream of earning these awards during their career. To be a part of the prestige and history of the game in that manner is the stuff that dreams are made of.  Then, we have the award named after baseball contemporaries.

Matt Klaassen started the Carter-Batista Awards (CBA) in 2009 to recognize those players whose offensive value is exaggerated by their RBI totals.  Joe Carter’s name is listed first because not only does he own the highest CBA score since 1990, he owns three of the top seven.
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Earlier today, polite and Canadian and polite Marc Hulet published his 2014 organizational prospect list for the Cincinnati Reds.

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 Reds 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 / Colorado / Houston / Kansas City / Los Angeles AL / Miami / Milwaukee / Minnesota / New York AL / New York NL / Philadelphia / San Diego / San Francisco / Seattle / Tampa Bay / Toronto.

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As the 2014 season approaches, the Cincinnati Reds are left with the unenviable task of figuring out exactly what to do with Billy Hamilton. After his September call-up, Hamilton electrified fans. In 13 games, he went 13 of 14 in stolen base attempts and scored 9 runs. He also managed to hit .368 in that span with a .105 ISO. If scouting reports and minor-league track records are to be believed, only two of those three stats should be taken to heart when projecting his future value. In 2013, in AAA, Hamilton had a .308 OBP and .657 OPS. He swiped 75 bags during that time, but the word is out on him — at this point, he just doesn’t have great hitting skills.

Hamilton will almost certainly be a part of the 2014 Reds roster, it’s the capacity at which he’ll be used that is up in the air. His speed (and its impact on his defense) is his asset, and putting him at the top of the lineup will give him the most chances to use that asset. This will also exploit his biggest weakness. Hiding his weakness by putting him at the bottom of the order will lose him a lot of opportunities to use his legs. I’m sure the Reds will wait to see how he fairs in Spring Training before making any decisions, but Hamilton’s status is currently in limbo.

“No one’s ever given me the time to show what I can do,” he says, a lean, tightly-muscled sprinter’s body slipping into uniform. “What people don’t understand is that it’s never a lack of opportunity, just time. I could hit .260 if I played every day up here. Maybe .270, .280 with a good hitting instructor. But a lot of the time, when a player’s called up, it’s those first few weeks that count. If you don’t get in the lineup, you become an extra man the rest of your career.”

It’s easy to imagine Hamilton saying such things toward the end of this April, but that quote is actually from 1979 and belongs to Matt Alexander, the most proficient pinch-runner in baseball history. He holds the records among pinch runners in appearances (271), steals (91), and runs scored (89). He appeared in 374 games, but logged a mere 195 plate appearances.  He only amassed 4.3 BsR in nine seasons, and stole bases at a 60% career rate. Yet the A’s and Pirates used him almost exclusively for pinch running. Alexander ended his career worth -.5 wins above replacement. His skills on the base paths just weren’t good enough to really make him an effective player in such a small role. Read the rest of this entry »

After having typically appeared in the entirely venerable pages of Baseball Think Factory, Dan Szymborski’s ZiPS projections were released at FanGraphs last year. The exercise continues this offseason. Below are the projections for the Cincinnati Reds. Szymborski can be found at ESPN and on Twitter at @DSzymborski.

Other Projections: Arizona / Atlanta / Baltimore / Boston / Cleveland / Detroit / Los Angeles NL / Miami / Minnesota / New York AL / Philadelphia / San Diego / Seattle / St. Louis / Tampa Bay.

Batters
It’s probably not incorrect to say that two main ways in which baseball players can provide value, broadly speaking, is by means of wins and also by means of the spectacle they’re capable of creating. Very fast Billy Hamilton has seemed — to the present author, at least — has seemed a candidate to succeed more by the latter standard than the former. ZiPS appears to suggest, however — in 2014, at least — that Hamilton is capable of producing on both accounts.

Of note, in particular, with regard to Hamilton’s projection is the BABIP (.332) part of it. On Cincinnati, for example, only Joey Votto has a higher projected one of them (.334) — and Joey Votto has produced five consecutive seasons now of BABIPs of .349 or greater. Everything else being equal, every 10 points of BABIP is worth about 0.3 wins. Using that rough estimate, here’s a table of what Hamilton’s WAR might be given an array of possible different BABIP outcomes:

The relatively optimistic WAR projection, one observes, is tied pretty closely to the relatively optimistic BABIP projection.

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For five years now, Bronson Arroyo has been better than his peripherals. Since 2009, only three pitchers have a bigger gap between their fielding independent numbers and their ERA, and those three didn’t come close to pitching as many innings. It’s tempting to say the free agent 36-year-old has figured something out… but what has he figured out, exactly? How has he become more than the sum of his parts? It has to be more than a whimsical leg kick.

Let’s use some basic peripherals to find comparable pitchers. His fastball struggles to break 90 mph, he doesn’t strike many out, and he doesn’t have great worm-burning stuff — but the control has been elite. Here are a few other pitchers that fit that sort of mold.
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I was recently doing some research for an ESPN article using our depth charts, and a few observations came to mind:

1) No one has any idea what to make of Alexander Guerrero;
2) The Astros are actually getting some respect, and the Marlins aren’t; and
3) Wow, would you look at the non-Jay Bruce members of the Cincinnati outfield? Read the rest of this entry »

Joaquin Benoit got a two-year, $15.5 mmillion deal to pitch for the Padres this week. The signing didn’t make many waves — after all, Benoit has been a very good reliever the last three years. But three years ago, Benoit’s three-year deal seemed like a head-scratcher. Are there any multi-year reliever signings going on right now that we might look back on as favorably as Benoit’s with the Tigers? Are there any past relievers, future closers still on the market? Who’s the next Joaquin Benoit?

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