Calculating Ian Kennedy’s Negative Trade Value
At 49-51, 8 1/2 games out of first place, the Royals sound like they realize they’re probably not contenders this year, and with a few days to go before the trade deadline, they’re now listening to offers for their best trade chips. Given the price of relievers these days, Wade Davis is pretty clearly their most valuable asset, and the Royals could expect to get back a significant haul for him, given that he’s also under contract for 2017.
But according to Jeff Passan, the team might be looking to use Davis to do something besides add young talent to the organization.
Sources: Royals trying to package Ian Kennedy in a potential Wade Davis deal. Dodgers a strong match. Covet Davis and can take on Kennedy $.
— Jeff Passan (@JeffPassan) July 28, 2016
So that’s an interesting idea. By tying Kennedy to Davis, the price in talent would come down, which would likely make a deal more appealing to a team like LA — we’ve seen the Dodgers take on plenty of dead-money deals in order to acquire or retain prospects in previous trades — and would give the Royals the flexibility to reallocate Kennedy’s money to other free agents this winter, which would allow them to essentially make a trade for 2017 assets instead of prospects who might not be able to help before the rest of their core players hit free agency.
On the surface, the idea makes some sense, but it also brings up a question; how much negative value does Kennedy have at this point? How much of a discount on the talent portion of the trade would the Royals have to give in order to free themselves from the rest of Kennedy’s deal? Let’s do the math.