Today, we wrapped the 2019 Trade Value Series. The series always offers a number of a interesting insights into the industry’s thinking leading up to the deadline, and serves as a reminder that younger players tend to have considerably more trade value than their older peers. There are multiple reasons for that phenomenon. First, younger players are cheap. Owners and players have agreed to a system that pays players around half a million dollars for the first three seasons of their major league careers, followed by another three or four years of arbitration during which salaries increase gradually, but are only guaranteed for a single season at a time, limiting risk for teams. Then, after six full seasons in the big leagues, players hit the free agent market, where every team is welcome to bid for a player’s services. As a result, players who reach free agency tend to have much higher salaries than their younger teammates. It stands to reason when determining trade value, then, that, assuming an equal level of play from a younger and an older player, teams would value the younger player more highly because said player is cheaper.

The logic above can be seen pretty clearly in this year’s Trade Value Series, as well as those of the past decade. The graph below shows the average age of the players featured in the Trade Value Series over the last 10 years, with the first eight installments of the exercise conducted by Dave Cameron and the last two performed by Kiley McDaniel.

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As is the annual tradition at FanGraphs, we’re using a week around the All-Star Game — when the industry pauses to take a metaphorical breather — to take stock of the top-50 trade chips in the sport. For more context on exactly what we’re trying to do here, see the Honorable Mentions post linked at the top of the page.

For this post, I’ll present a graphic (by way of the wizard Sean Dolinar) breaking down each player’s objective skill level (represented, in this case, by a five-year WAR projection from ZiPS), contract/team-control details, rank in last year’s series, and then year-by-year details of age, WAR, and contract through the end of 2023, although a couple players have control beyond those five years, and some, you’ll notice, show projections for fewer years to reflect when those players reach free agency. For those readers who are partial to spreadsheets rather than blocks of text, I’ll also include all of the players we’ve ranked so far in grid format at the bottom of the post.

It should be noted that the ZiPS WAR forecasts influenced the rankings a bit. For players who were bunched together, it acted as an impartial tiebreaker of sorts, but the industry opinions I solicited drove the rankings.

With that said, let’s get to the final 10 spots on this year’s Trade Value list.

Vladito hasn’t been the otherworldly hitter many were hoping for or expected during his first taste of the big leagues, but no one I spoke with is worried. First of all, he’s running a .270 BABIP and underperforming his xwOBA by 17 points, suggesting he “deserves” to have a wRC+ over 100, which is still below his lofty pre-season projections, but not by much. And also, it’s been 66 games and he’s 20 years old.

Given his size and eventual move to first base, Vlad needs to mash, so his profile will be more sensitive to offensive performance than others might be, but the track record of the “that guy looks like a generational hitter” and “gets to the big leagues at 20” profiles is really strong. Vlad has an extra year of control over Gleyber Torres and Walker Buehler, so the projected five-win peak seasons are a push, and I lean to the extra year. Interestingly, there were concerns raised by executives about how all three of these guys will age; history tells us (I mean it feels like it does?) that at least one of them will turn out a good bit worse than we’re expecting. Read the rest of this entry »

Below are some changes we made to The BOARD in the past week, with our reasons for doing so. All hail the BOARD.

Moved Up

Ronny Mauricio, SS, New York Mets:
We got some immediate feedback on Monday’s sweeping update, which included more industry interest in Mauricio. The average major league swinging strike rate is 11%. Mauricio has a 12% swinging strike rate, and is a switch-hitting, 6-foot-4 teenager facing full-season pitching. It’s common for lanky teenagers to struggle with contact as they grow into their frames, but Mauricio hasn’t had that issue so far.

Oneil Cruz, SS, Pittsburgh Pirates:
One of us was sent Cruz’s minor league exit velocities and they’re shockingly close to what Yordan Alvarez’s have been in the big leagues. Of course, there remains great uncertainty about where Cruz will end up on defense, and hitters this size (Cruz is listed at 6-foot-7) are swing and miss risks, but this is a freakish, elite power-hitting talent.

Marco Luciano, SS, San Francisco Giants:
This guy has No. 1 overall prospect potential as a shortstop with 70 or better raw power. He belongs up near Bobby Witt, who is older but might also be a plus shortstop while we’re still not sure if Luciano will stay there.

George Valera, OF, Cleveland Indians:
Valera is torching the Penn League at 18 and a half years old, and we’re not sure any high school hitter in this year’s draft class would be able to do it. His defensive instincts give him a shot to stay in center field despite middling raw speed, and his swing should allow him to get to all of his raw power, so it becomes less important that his body is projectable. He would have been fifth on our 2019 draft board were he playing at a high school somewhere in the U.S., so he’s now slotted in the between JJ Bleday and C.J. Abrams on our overall list. Read the rest of this entry »

On this date one year ago, the baseball season was in the midst of its brief halt for the All-Star Game in Washington, D.C. For the Oakland Athletics, it felt as if the season was just getting started. Through the end of May, the team had merely been average, at least by the most traditional statistic: win-loss record. On May 31, the A’s were 29-28. But a 68-37 record (a 105-win pace) over their final 105 games turned a decent season into an excellent one. The A’s finished 97-65, the franchise’s best record since 2002, en route to capturing the second AL Wild Card spot.

In 2019, the Athletics are writing the script to a sequel. On May 31, the team was again 29-28, but since that time, their 26-13 record is the second-best in the American League and the fourth-best in baseball overall. During this stretch, their pitching has been remarkable:

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In a year not otherwise flowing with surprises on the team level, the Texas Rangers have been a big one. A 50-46 record isn’t one that’s dominating the American League or the AL West but it’s good enough that if the season ended today, the Rangers would finish 16 games ahead of their preseason ZiPS projections on a seasonal basis. One of the players most responsible for Texas’s surprise prediction-rebellion is Mike Minor. At 8-4 with a 2.73 ERA — even his 3.82 FIP is just fine in 2019’s Sillyball environment — Minor made his first All-Star Game. From missing two seasons with shoulder problems to becoming a successful Royals reclamation projection to growing into a solid No. 2 starter to being named an All-Star, Minor’s emergence has been one of the best stories in baseball in 2019. And sports being cruel sometimes, the Rangers may very well be best-served by allowing Minor to wear another uniform in the denouement.

Coming into 2019, the computer’s reasons for Rangers skepticism were straightforward: Texas had some interesting, top-tier talent but also a stunning lack of depth around the diamond. Not a single Ranger had a three-WAR season in 2018 and the team’s WAR leader, Jurickson Profar, was an Oakland Athletic. Even the team’s most interesting talent had questions, whether it was Joey Gallo‘s batting average, Jose Leclerc‘s sustainability, Rougned Odor alternating between being Jeff Kent and Clark Kent, or Nomar Mazara’s puzzling lack of development. On some level, ZiPS wasn’t wrong, as the Rangers still lack depth, but it missed out on the magnitude of their good performances. Mike Minor and Lance Lynn look like pitchers you’d actually like pitching in a playoff game, Joey Gallo has spent much of the season challenging the Alomar Line instead of the Mendoza, and Hunter Pence is having one of the wildest, out-of-nowhere offensive comebacks that I can remember.

So, given all these happy surprises, which have led to real playoff contention, why should they explore a Minor trade? Read the rest of this entry »

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There have been a lot of homers in baseball this season. Perhaps too many, as Jay Jaffe wrote back in June. At its current pace, the majors will average 227 home runs per team, clobbering the 2017 mark of 204 and coming in way ahead of last year’s 186 mark. When Barry Bonds broke the single-season home run record in 2001, the major league team average was 182. When McGwire and Sosa dueled, it was 169. When Roger Maris broke Babe Ruth’s record, the team average was 152. So how is it that we have a 50% increase in home runs from the time Maris hit 61, and a 22% increase over last year, and yet still don’t have a player likely to hit 60 homers?

Here are this year’s home run leaders through Tuesday’s games along with their projected total, their current pace based on team games, and the number of homers per 700 plate appearances (which will be more important later):

Projections, which are admittedly somewhat conservative, expect there to be one 50-homer hitter at the end of the year (Cody Bellinger), as well as a handful of players with at least 40 homers. Even if we go by pace and the hitters hit exactly was well as they have up to this point, Bellinger and Yelich will have great seasons but fall a few homers shy of 60. Yelich and Hunter Renfroe are the only players on a 60-homer pace if they were to get to 700 plate appearances. While all the home runs being hit might make it seem like a 60-homer season should happen, the sheer number of homers in the game don’t actually dictate what the league leader might do. The graph below shows the average number of home runs by team per year along with the home run leader for that season: Read the rest of this entry »

On an extremely superficial level, Tyler O’Neill looks like any other high-level prospect bouncing between the minors and the majors. After posting a 107 wRC+ in his first shot at Triple-A in 2017, he’s been excellent there over the past two years, putting up a combined 143 wRC+ in 427 PA. He’s been above-average in parts of two seasons in the majors — a 121 wRC+ over 232 PA. If the Cardinals didn’t have such an outfield logjam, he might have earned more major league playing time; indeed, the team traded Tommy Pham last summer in an attempt to find more plate appearances for O’Neill and Harrison Bader.

Look even slightly closer, though, and the narrative of O’Neill as average baseball player falls apart. Here is O’Neill, after his teammates tore off his jersey and undershirt following a walk-off home run. Even through the water droplets on the camera lens, his bulk is obvious:

How average can someone with biceps the size of most human beings’ legs be? Read the rest of this entry »

As is the annual tradition at FanGraphs, we’re using a week around the All-Star Game — when the industry pauses to take a metaphorical breather — to take stock of the top-50 trade chips in the sport. For more context on exactly what we’re trying to do here, see the Honorable Mentions post linked at the top of the page.

For this post and the top 10 to follow, I’ll present a graphic (by way of the wizard Sean Dolinar) breaking down each player’s objective skill level (represented, in this case, by a five-year WAR projection from ZiPS), contract/team-control details, rank in last year’s series, and then year-by-year details of age, WAR, and contract through the end of 2023, although a couple players have control beyond those five years, and some, you’ll notice, show projections for fewer years to reflect when those players reach free agency. For those readers who are partial to spreadsheets rather than blocks of text, I’ll also include all of the players we’ve ranked so far in grid format at the bottom of the post.

It should be noted that the ZiPS WAR forecasts influenced the rankings a bit. For players who were bunched together, it acted as an impartial tiebreaker of sorts, but the industry opinions I solicited drove the rankings.

With that said, let’s get to the next 10 spots on this year’s Trade Value list.

Snell signed an extension this winter that locks him up through his age-30 season, which would’ve been his first year of free agency. He really belongs as the last guy in the previous article, so you can see him on the tier with fellow possible/current aces German Marquez, Shane Bieber, Jacob deGrom, Jose Berrios, Chris Paddack, Aaron Nola and (given the late revelations I’ve since added to his blurb about the details of his contract) Max Scherzer. All of these guys rank from 20th to the low-30s, and could be put in almost any order. Most sources I spoke with moved them as a group and generally kept the same names at the top/bottom as I have, shuffling the order in the middle a bit. Once you take Scherzer off the table as the best pitcher in baseball, ZiPS essentially has Snell, Jacob deGrom, Marquez, Bieber, and Nola tied for second among those pitchers over the 2020-2024 term. Snell is the only lefty in the group, he’s on pace for his fourth straight year of 31 regular season starts, his velo has been stable year-to-year at an average of 95.7 mph, his 3.12 FIP over his last 58 starts is a sustained run of elite performance, and his extension is for reasonable money, for exactly as long as I’d be predicting No. 2 or 3 starter performance from him. Read the rest of this entry »