The 1997 Seattle Mariners hit 264 home runs. No team has ever hit more than that. That season, the next-closest team hit 239 home runs, and that particular team played half its baseball on the moon. The next-closest team hit 220. The Mariners hit more than their share of dingers. Didn’t win them a World Series, and, didn’t even win them an ALDS, but those Mariners still hold the single-season team record. It’s something to cling to, which is all anyone wants.

Last year’s Yankees led baseball with 241 home runs. Their lead was narrow, but they still had sole possession of first, and then those Yankees went and traded for Giancarlo Stanton. Stanton was last year’s player who hit the most homers. And that’s not the only factor here, because the Yankees might also get to enjoy a full season from a healthy Greg Bird. It doesn’t take much wonky analysis to figure the Yankees could give that single-season homer record a push. Might even knock it down! The Yankees are as set up as anyone, and, as you’ve probably heard, we’ve entered into an era of high home-run totals, anyway. Seems like it’s all lined up.

Indeed, I can verify this: The 2018 Yankees are positioned to break the home-run record. What’s a little more surprising is they’re not alone. In 1998, Mark McGwire and Sammy Sosa both eclipsed the home-run record set by Roger Maris. We could very well see something similar on the team scale.

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The Yankees entered the offseason determined to stay under the luxury-tax threshold. The Rays, meanwhile, have appeared intent recently on cutting payroll. As for the Diamondbacks, their moves this winter seem to indicate a club looking to quietly build on its first postseason appearance in six years.

On Tuesday night, the aforementioned organizations came together to accomplish their individual objectives in a three-team trade. Nick Piecoro reported on the most notable players involved in the deal.

Steven Souza Jr. should immediately assume Arizona’s starting right-field job, while Brandon Drury represents an option at second and third base for a club that lacks experience at both positions. With regard to Tampa Bay, they both shed Souza’s $3.6 million salary and land a small collection of prospects, including Nick Solak from the Yankees and Anthony Banda and two PTBNL from Arizona. Another prospect, Taylor Widener, goes from New York to Arizona. Our own Eric Longenhagen evaluates the merits of the prospects involved here. It’s not a franchise-altering return for Tampa.

So what to make of all this?

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Below are scouting reports on the prospects who changed hands in the three-team trade on Tuesday night that sent OF Steven Souza, Jr. from Tampa Bay to Arizona and INF Brandon Drury from Arizona to the Yankees.

Anthony Banda, LHP
In 2017, Banda struggled at notoriously unforgiving Triple-A Reno, where he posted a 5.39 ERA. He made a spot start in Arizona in July and then was up again in August for a three-start look before he finished the year in the D-backs bullpen. Despite his poor on-paper production in 2017, his stuff remains intact and he profiles as a No. 4 starter. Banda sits 92-95 and will touch 96 with his fastball. He has an above-average changeup that he should probably throw more often and an average curveball in the 77-82 mph range. In light of what’s going on with Tampa Bay right now, he’ll probably exceed rookie limitations in 2017. He’s a 50 FV prospect who appeared within the honorable-mention section of our top-100 list.

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In this slowest of markets, one of the players who might be most adversely affected is Mike Moustakas.

Some thought it was possible, as the offseason began, that Moustakas might receive a $100-million deal this winter. Not only was he a third baseman who’d just authored a 38-homer season, but he was also still on the right side of 30. Of course, that sort of deal hasn’t emerged. It seems increasingly unlikely to emerge with each day.

Dave predicted a five-year, $95-million pact for Moustakas. The crowd predicted a five-year deal, as well, for $10 million fewer overall. Neither option seems probable at the moment: no free agent to date has secured more than a three-year contract, and there hasn’t been much reported interested in Moustakas.

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If you’ve read any of the dozens of articles over the years trying to create a framework for player asset values (putting a dollar amount on a player’s value), you’re aware of the biggest weakness of this genre of article. Take a star player, run him through a marginal-value analysis, and you’ll be disappointed in what it says about his trade value. Before we jump into the Gerrit Cole and Andrew McCutchen trades, follow me down a thought-experiment rabbit hole.

Clayton Kershaw is the best pitcher in baseball and Steamer projects him as a six-win player next year. Using the roughly $9-10 million at which a win is currently valued on the open market, Kershaw is likely to produce something between $50 and $60 million of value next year; let’s call it $55 million. Would multiple teams bid that amount for his services on a one year deal? Probably yes, because there’s some surplus value at that salary for which the formula fails to account. It doesn’t consider, for example, either extreme payrolls (i.e. the Dodgers’ on one hand, the A’s on the other) or more critical spots on the win curve (moving an 87-win team to a 93-win team is worth far more revenue-wise than 65 to 71).

So what would the A’s bid? They had an $86 million payroll last year, and they obviously wouldn’t give nearly two-thirds of it to one player. Oakland’s value for Kershaw would likely be whatever the maximum is that they would pay for any player, but that number is much lower than what the Dodgers would spend, maybe $20 million. Granted, these are extreme cases, but it illustrates the limitations of using a one-size-fits-all dollar-per-win calculator in specific instances, even if it works fine in aggregate.

More Granular Valuation

I point all that out to illustrate the fact that players aren’t worth the same to every team. Kershaw’s value, on which we all basically agree, varies by $30-40 million from the A’s to the Dodgers on just a one-year deal. So wouldn’t it follow that the A’s and Dodgers would value other players differently, too?

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After having typically appeared in the hallowed pages of Baseball Think Factory, Dan Szymborski’s ZiPS projections have now been released at FanGraphs for half a decade. 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.

Batters
The Yankees’ roster, as presently constructed, is unusual. The prospective starting lineup features, on the one hand, two of this past season’s legitimately best players. It includes at least three others, however, who are projected for one or fewer wins in 2018. It doesn’t seem as though Brian Cashman et al. have specifically set out to assemble a stars-and-scrubs roster. That seems to have been the result so far, though.

The core of the offense, clearly, is formed by Aaron Judge (621 PA, 4.7 zWAR) and Giancarlo Stanton (593, 6.4). Dan Szymborski’s computer calls for that pair to record just over 11 wins together — as in, that’s the mean projected outcome, tempered by regression and aging and whatever. By comparison, consider: less than a third of clubs in 2017 featured teammates who produced observed combined win totals of 11 or greater. Four whole teams, in fact, failed to cross the 11-win threshold this past season. Judge and Stanton, in other words, represent a strong foundation for the offense.

What remains to be seen is how the club builds on that foundation. Greg Bird (372 PA, 1.1 zWAR), Ronald Torreyes (395, 0.1), and Miguel Andujar (576, 1.2) are, for now, the most likely Opening Day starters at first, second, and third base, respectively. They’re forecast for fewer than three wins between them. Bird’s modest wins projection is the result, in part, of a modest playing-time projection — not surprising for a player who’s recorded only 200 or so professional plate appearances over the last two seasons. As for Andujar and Torreyes, it wouldn’t be surprising at all to find them relegated to a bench role before the offseason is complete.

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Last season, the New York Yankees had a top-10 rotation bothby FIP-based WAR and RA9-WAR. They were really good. This offseason, CC Sabathia and Jaime Garcia have left as free agents, and Michael Pineda won’t be around after undergoing Tommy John surgery. But Sonny Gray will have a full season with the club, and top prospects Chance Adams and Justus Sheffield have reached the upper minors, making them ready for in-season call-ups.

All of this is to say, the Yankees will have a good rotation even if they do nothing else this offseason. Right now on the FanGraphs depth charts, the club is projected to have the 10th-best starting rotation in the majors. That’s pretty good, especially when you combine it with a top-notch bullpen, strong offense, and above-average defense.

Nevertheless, the Yankees have an opportunity to get richer.

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The Yankees are currently in the process of shoving all their chips towards the middle of the table, going all-in on their young core of premium position-player talent. Trading for Giancarlo Stanton was part of that effort. Even trading away Bryan Mitchell in order not to pay Chase Headley was part of it, too. It allowed the club to situate themselves at something like $30 million under the tax threshold. Now there’s a link forming between the Tigers and the Yankees, with Michael Fulmer as the prize. Let’s dream this one up.

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The competitive-balance tax isn’t a salary cap, not in the hard and fast sense, but sometimes it acts in the exact same way. As a consequence, you can have big-budget teams in the business of cutting payroll, which can lead to situations like Tuesday’s, where the Padres have come to the aid of the Yankees. The Yankees are trying to stay below the threshold, even after acquiring Giancarlo Stanton, and that almost fully explains this morning’s exchange.

Padres get:

• Chase Headley
• Bryan Mitchell

Yankees get:

• Jabari Blash

This is a trade involving three major-league players. And even though I’m not at all convinced Blash lasts the winter on the Yankees’ 40-man roster, there are things about him to like. Ultimately, though, this is really quite simple to understand — the Padres are taking Headley’s $13-million final year, and they’re getting Mitchell for the trouble. The Yankees drop their payroll, and the Padres get a project.

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LAKE BUENA VISTA, Fla. — The Yankees weren’t necessarily looking to add a player who can earn $295 million over the next 10 seasons, but when you can land Giancarlo Stanton by surrendering only cash and a modest return of prospects, it’s an opportunity worth exploring.

The addition of the reigning NL MVP not only has the Yankees leaping the Red Sox in the AL East — 92 to 91 projected wins according to our projections — but he creates one of the rarest player tandems in history with Aaron Judge, making the Yankees’ lineup extremely potent on paper and also must-watch entertainment.

The biggest negative regarding the transaction for the Yankees is the $22 million Stanton luxury-tax number Stanton adds to the club’s payroll. Read the rest of this entry »