When the New York Yankees make a signing, it is big news in baseball. When the Yankees fail to make to a big signing, it is even bigger news. The Yankees targeted Yoan Moncada. They worked him out multiple times. They offered the potential star $25 million, willing to commit $50 million with penalties, showing they believed in his talent. Yet they let the rival Boston Red Sox outbid them by $13 million.

The Yankees are rich and they spend like it. In 2015, their payroll will grow past $200 million for the sixth time in seven years. One offseason ago, the Yankees made $483 million in salary commitments to free agents. Just last summer, the Yankees blew past the international spending limits to sign the biggest international free agent class in Major League Baseball. The high level of spending is confusing when the difference in offers to Moncada is less than the amount they committed to pay a 39-year old Carlos Beltran in 2016 and the total cost is roughly one-third of the commitment they made to obtain Masahiro Tanaka.

As Miles Wray pointed out earlier this month, with the exception of last offseason, the Yankees have used considerable restraint in free agency since winning their last World Series in 2009. The first few sensible years made sense. They went on a spree after 2008, signing Mark Teixeira, CC Sabathia, and A.J. Burnett to big contracts that helped them to the World Series. They continued winning, putting up 95 wins in 2010 and followed that season up with 97 wins and 95 wins the next two years. Even before the 95-win 2012 season, Yankees ownership put a plan in place to save the team millions of dollars.
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Jason Giambi announced his retirement on Monday, after 20 seasons as a major leaguer. For most of those 20 years, Giambi was one of the best hitters in the game. I won’t waste your time putting down the narrative of his career — Jay Jaffe already did that better than I would anyway. But I thought today that we would celebrate his career with a few choice facts and/or moments from a career that at the very least belongs in the Hall of Very Good.
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Yesterday, we gave you a little bit of a tease, giving you a glimpse into the making of FanGraphs Top 200 Prospect List. This morning, however, we present the list in its entirety, including scouting grades and reports for every prospect rated as a 50 Future Value player currently in the minor leagues. As discussed in the linked introduction, some notable international players were not included on the list, but their respective statuses were discussed in yesterday’s post. If you haven’t read any of the prior prospect pieces here on the site, I’d highly encourage you to read the introduction, which explains all of the terms and grades used below.

Additionally, I’d be remiss if I didn’t point you towards our YouTube channel, which currently holds over 600 prospect videos, including all of the names near the top of this list. Players’ individual videos are linked in the profiles below as well.

And lastly, before we get to the list, one final reminder that a player’s placement in a specific order is less important than his placement within a Future Value tier. Numerical rankings can give a false impression of separation between players who are actually quite similar, and you shouldn’t get too worked up over the precise placement of players within each tier. The ranking provides some additional information, but players in each grouping should be seen as more or less equivalent prospects.

If you have any questions about the list, I’ll be chatting today at noon here on the site (EDIT: here’s the chat transcript), and you can find me on Twitter at @kileymcd.

Alright, that’s enough stalling. Let’s get to this.

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I returned a few days ago from a three-day trip to the Dominican to see top July 2nd prospects (more on that in the coming weeks) and also a workout that had 18 Cuban players in it. Two of those 18 were big-time prospects, the well-known and hyped 29-year-old 2B Hector Olivera and the brand new name, 18-year-old righty Yadier Alvarez.  Here’s my notes and video on those two, along with some quick updates on the other two notable Cubans on the market, 2B/3B/CF Yoan Moncada and 2B Andy Ibanez.

For reference, in my top 200 prospects list that is coming next week, these Cuban players aren’t included on the list, but Moncada would be 8th, Alvarez would be 57th and Ibanez would be in the 150-200 range, while Olivera is ineligible due to his age and experience.

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Apparently this is the week where I do whatever anyone says. Yesterday I identified some comps for various signature pitches around the league. In the subsequent comments, a request:

Well-Beered Englishman says:
As long as we’re making requests, I say hop in the time machine and compare somebody to Mariano.

So it shall be. Let’s see if we can find a decent comparison for Mariano Rivera’s cutter, which has been the most signature of signature pitches. There’s been no greater example of hitters being unable to do much despite knowing exactly what’s coming. With Rivera, there wasn’t a lot of mystery. Just precise, pinpoint location, in areas that ensured his success.

In terms of style, the best comparison for Rivera is probably Kenley Jansen. Jansen dominates with a cutter and little else, and if that sounds familiar, it’s because that was Rivera’s whole game. But this investigation is a little different: this is looking for cutters most like Rivera’s cutter. Research was performed using the Baseball Prospectus PITCHf/x leaderboards and Brooks Baseball player pages.

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As I reported on twitter moments ago, MLB sent a memo to clubs detailing the new process for Cuban players to go from leaving the country to signing with an MLB team. The short version is that super prospect Yoan Moncada is eligible to sign now, after a maddening long delay.

For those new to this topic or if you just want a refresher, here’s a recap of my coverage of this Moncada saga from the start:

– October 3, 2014: Moncada is confirmed out of Cuba, but no one knows where he is.  We assume his whereabouts will become clear soon as he’s the most hyped prospect to leave the island in years. Here I first quote the common “teenage Puig that can play the infield and switch hit” comp and break down all the implications about who can sign him, who is likely to pony up the big bucks, game theory implications and more.

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After having typically appeared in the very hallowed pages of Baseball Think Factory, Dan Szymborski’s ZiPS projections have been released at FanGraphs the past couple years. The exercise continues this offseason. Below are the projections for the New York Yankees. Szymborski can be found at ESPN and on Twitter at @DSzymborski.

Other Projections: Arizona / Atlanta / Baltimore / Boston / Chicago AL / Chicago NL / Cleveland / Colorado / Detroit / Houston / Los Angeles AL / Los Angeles NL / Miami / Milwaukee / Minnesota / New York NL / Oakland / San Diego / San Francisco / St. Louis / Seattle / Tampa Bay / Washington.

Batters
There are a number of players on this Yankees club projected not to produce wins at a rate commensurate with their salaries. The current market offers something like $6-8 million per win. Per ZiPS, Alex Rodriguez will receive about $18 million per one of those; Mark Teixeira, about the same; Carlos Beltran, about $25 million. In each case, durability is an issue beyond just declining skills. Regard: none is projected to record as many as 500 plate appearances.

A relative bargain within the context of the Yankee lineup is Chase Headley, who signed a four-year, $52 million contract with the team in December but is projected by ZiPS to play like someone roughly twice as good as that. This isn’t particularly surprising. As Dave Cameron noted earlier in the offseason, Headley’s profile — defensively above-average at third base with strong plate discipline but merely average power — hasn’t ever appealed greatly to the market. New York would appear to be the beneficiaries of this.

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The legal controversy surrounding Alex Rodriguez seemingly knows no end. Fresh off a season-long suspension – and a year filled with litigation – Rodriguez is currently preparing to return to the New York Yankees for the 2015 season. In addition to the $61 million the Yankees still owe A-Rod under the 10-year contract he signed back in 2007, Rodriguez can potentially earn another $24 million in bonuses by reaching four different home run milestones in the next three years.

Under the terms of his 2007 contract, the Yankees will pay A-Rod $6 million every time he moves up the all-time home run leaderboard. Rodriguez’s 654 career home runs currently rank fifth all-time, trailing only Willie Mays, Babe Ruth, Hank Aaron and Barry Bonds. If Rodriguez hits six home runs in 2015, he would earn the first $6 million bonus by tying Mays’ career 660 home runs.

According to a recent report in the New York Daily News, however, the Yankees are preparing to contest the bonus provisions in A-Rod’s contract. When the team agreed to the milestone bonus structure back in 2007, it assumed Rodriguez’s march to the all-time home run crown would prove to be quite lucrative. In light of Rodriguez’s subsequent fall from grace, though, the team now understandably thinks A-Rod’s home run milestones will not be nearly as valuable as it initially hoped. As a result, the team is exploring its legal options.

So do the Yankees have any realistic chance of voiding Rodriguez’s bonuses? As is so often the case with the law, the answer is: It depends.

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Earlier today, Kiley McDaniel published his consummately researched and demonstrably authoritative prospect list for the New York Yankees. What follows is a different exercise than that, one much smaller in scope and designed to identify not New York’s top overall prospects but rather the rookie-eligible players in the Yankees system who are most ready to produce wins at the major-league level in 2015 (regardless of whether they’re likely to receive the opportunity to do so). No attempt has been made, in other words, to account for future value.

Below are the top-five prospects in the Yankees system by projected WAR. To assemble this brief list, what I’ve done is to locate the Steamer 600 projections for all the prospects to whom McDaniel assessed a Future Value grade of 40 or greater. Hitters’ numbers are normalized to 550 plate appearances; starting pitchers’, to 150 innings — i.e. the playing-time thresholds at which a league-average player would produce a 2.0 WAR. Catcher projections are prorated to 415 plate appearances to account for their reduced playing time.

Note that, in many cases, defensive value has been calculated entirely by positional adjustment based on the relevant player’s minor-league defensive starts — which is to say, there has been no attempt to account for the runs a player is likely to save in the field. As a result, players with an impressive offensive profile relative to their position are sometimes perhaps overvalued — that is, in such cases where their actual defensive skills are sub-par.

5. Ramon Flores, OF (Profile)

McDaniel notes with regard to Flores that, despite entering just his age-23 season, that he’s nearly a finished product. It’s not surprising, then, to see Flores’ name appear here among the Yankees’ top rookie-eligible players. What it also means is that, unlike with other prospects at the same point on the age curve, it’s probably not correct to assume that Flores will improve considerably over the next three or so years. Defensively, Flores receives a projection of about -3 runs — that is, roughly half way between a league-average center fielder and corner outfielder. This, too, supports McDaniel’s assertion that Flores is capable of playing (if not necessarily excelling at) all three outfield spots.

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Evaluating the Prospects: Rangers, Rockies, D’Backs, Twins, Astros, Cubs, Reds, Phillies, Rays, Mets, Padres, Marlins, Nationals, Red Sox, White Sox, Orioles, Yankees & Braves

Scouting Explained: Introduction, Hitting Pt 1 Pt 2 Pt 3 Pt 4 Pt 5 Pt 6

Amateur Coverage: 2015 Draft Rankings, 2015 July 2 Top Prospects & Latest on Yoan Moncada

This is the longest list by a couple thousand words and the 58 videos (most with clips from multiple years) of current Yankee prospects on the FanGraphs YouTube page is the most of any team. Some of this is due to my history with the organization and proximity to their Spring Training home, but mostly due to the depth this once-maligned system has developed.

The big story with the Yankees farm system is their July 2nd spending spree last summer and the harsh critiques ownership gave the player development and scouting departments the summer before that.  One led to the other and now things look to be in a much better shape. It’s still too early to pass judgment on the July 2nd group, but all of the high bonus guys are listed below either on the list or in the others section.

They’re the only names below that are unlinked, since they haven’t played pro games yet, only instructional league; the videos of these players are from the pre-July 2nd showcases in the Dominican and from fall instructional league in Tampa. July 2nd prospects sign contracts for the following year, so the team gets an extra year of control before having to add them to the 40-man roster, rather than starting their clock a year early for just part of a summer of games.

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