Well before the rumors of a deal between the Dodgers and Orioles surfaced this week, Manny Machado was — as a legitimate star with an expiring contract on a team unlikely to contend — considered the prize of this year’s trade deadline. The 2018 season has done nothing so far to invalidate that notion, Machado bouncing back considerably from a surprisingly unimpressive 2017 season to hit .315/.387/.575, all three parts of that slash line representing career bests. The move back to shortstop hasn’t been quite as successful, but even a narcoleptic Jeff Blauser would have significant value with this kind of offensive contribution.

It took about 92 games longer than expected, but the Dodgers entered the All-Star break in first place, caressing a half-game lead over the Arizona Diamondbacks in the NL West. Nor is it a two-team race: the Colorado Rockies sit just two games back and the team’s traditional rivals, the San Francisco Giants, are still hanging on four games behind despite a bevy of nasty surprises in the rotation this season. There are reasons to believe that the Dodgers are in better position than their slim divisional lead might suggest, their somewhat modest record due more to underperformance than any fatal flaw in how the roster is designed. Even before the Machado trade, the updated ZiPS projections saw the Dodgers as the strongest National League team in terms of the strength of roster and the likely depth-chart configuration.

There are areas where ZiPS produces different results than the official postseason odds calculated from the combined Steamer/ZiPS projections. ZiPS, for example, has long preferred the Braves, Brewers, and Phillies while being a bit Nationals-skeptical, but both the ZiPS and FanGraphs methodologies agree that the Dodgers had the best roster in the National League before the trade. The problem the Dodgers faced is that, while the mean projections obviously look quite favorably on their prospects, mean projections also don’t account for the uncertainty around the numbers, which can be quite significant. Even firmly believing that the Dodgers had the strongest roster in the NL West, ZiPS still called for them — after a million years of game-by-game matchups — to lose out on the division about once every three times.

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The prospect package acquired from Los Angeles in exchange for Manny Machado is deep on warm bodies who are likely to wear a big-league uniform and produce some kind of value. One or two of those new Orioles has a realistic chance of producing two wins or better annually and making enough noise to drown out the howls of a fanbase that’s losing its most talented player since Cal Ripken.

The collection of talent sent to Baltimore is headlined by 21-year-old Cuban OF Yusniel Diaz and 22-year-old righty Dean Kremer, the latter of whom had recently been promoted to Double-A. Up-and-down utility infielder Breyvic Valera, 21-year-old reliever Zach Pop, and 21-year-old breakout performer INF Rylan Bannon were also acquired in the deal.

Diaz, whom Kiley and I saw this weekend at the Futures Game, is a career .288 hitter who leaves behind a .314/.428/.477 slash line at Double-A Tulsa. Diaz homered twice on Sunday, once to right-center, once to left-center, and had one of the better batting-practice sessions on the World team.

For all that, Diaz hasn’t exhibited much over-the-fence power as a professional, even during his 165-game stay in the Cal League between 2016 and -17. He’s an all-fields line-drive hitter who keeps his hands inside the ball and peppers the right-center-field gap. He’s much more likely to display doubles power in games, which could cap his ceiling a bit, as the offensive bar in left field, where Diaz projects due to speed and arm-strength limitations, is quite high.

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Ben Lindbergh and Jeff Sullivan break down the five-for-one deal that sent Manny Machado to Los Angeles, discussing the players changing teams, the short- and long-term implications for the Dodgers and Orioles, and the ripple effects for the rest of the trade market. Then they reflect on the latest national discourse about marketing Mike Trout, review the Home Run Derby and the All-Star Game, wrestle with how to handle the revelation of Josh Hader’s reprehensible tweets, and analyze the historic excellence of José Ramírez and Francisco Lindor.

Audio intro: Bob Dylan, "When the Deal Goes Down"
Audio outro: Razorlight, "Los Angeles Waltz"

Link to Jeff’s Machado post
Link to the Angels’ Trout tweet
Link to thread about Trout’s red-carpet outfit
Link to podcast conversation about marketing Trout
Link to Sheryl’s Harper post
Link to Ben’s article about Ramirez and Lindor

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Among qualified hitters, Manny Machado currently ranks eighth in baseball in wRC+. He ranks 12th in baseball in WAR, despite some ugly defensive numbers that might not reflect his actual talent. This isn’t just a flash in the pan, either; the projections the rest of the way have Machado as a top-ten value. Which is all to say, Manny Machado is all kinds of good. He’s an incredible player months away from becoming a free agent, and it’s been clear he’d be traded since shortly after the season began. It was only a question of where, and for how much. Today we have our answers.

Machado plays for the Dodgers now. The Dodgers had been thought of as a favorite from the moment they lost Corey Seager. They held off for a while — maybe the Orioles couldn’t pull the trigger, or maybe the Dodgers thought they might clever their way in another direction. We are, though, where many people assumed we would eventually be. The Dodgers have rented a new superstar, and the Orioles’ rebuild is finally underway. It will never hurt worse than it hurts at this instant.

Dodgers get:

• Manny Machado

Orioles get:

• Yusniel Diaz
• Dean Kremer
• Zach Pop
• Rylan Bannon
• Breyvic Valera

With the trade, we learn more about the price of a star-level rental. Let it not be suggested the Dodgers got Machado for cheap. You could see all five of the players going the other way reaching the majors. In rumors, Machado had been linked to teams like the Phillies, Brewers, and Diamondbacks. That’s undoubtedly part of the whole idea.

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As is tradition during the All-Star break, yesterday I wrote about the worst called ball of the first half. Per usual, it was a called ball on a pitch more or less right down the center of the zone. It always has to be that kind of pitch, given the method behind the research in the first place. Called balls like that aren’t very common — there’s no reason for them to be very common — but they always exist. Or, at least, to this point, they have always existed. Baseball has always given me something.

When you write about the worst called ball, it’s also obligatory to write about the worst called strike. The worst called ball is the ball closest to the center of the strike zone. The worst called strike is the strike furthest from the nearest edge of the strike zone. I don’t look forward to this post as much, because the balls down the middle are just funnier to me. But that doesn’t mean there’s nothing to learn, or nothing to appreciate. Every bad call is special. Let’s look at the call that’s been the most bad.

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Alex Cora knows baseball in Puerto Rico inside and out. The Red Sox skipper was born and raised in Caguas — he still lives there in the offseason — and he’s served as the general manager of Team Puerto Rico. He knows the talent, the culture, the history. Ditto the challenges. From the 1989 decision to subject players from the U.S. territory to the amateur draft, to the ravages of Hurricane Maria — those are just two examples — the road to MLB success is often anything but smooth.

The talent speaks for itself. Rich history aside — there are four Hall of Famers, including Roberto Clemente — two dozen Puerto Rico-born players are now in the big leagues, and five of them saw action in last night’s All-Star Game. Cora himself is notable. Not only did he play 14 seasons (and earn a World Series ring), the team he’s leading boasts baseball’s best record in his first season as an MLB manager.

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Alex Cora: “We’re in a great place right now, as far as talent and impact players. I’m obviously managing, too, which is something different. I’m the second one from Puerto Rico in the history of the game [after Edwin Rodriguez].

“People point at the draft as a huge ‘game changer,’ saying that Puerto Rico got affected negatively because of it. I’ve always said that it was just a matter of time for us to adjust and get back to the heydays of the 1990s when we had seven or eight All-Stars. We had a lot of impact players back then.

“Now you take a look and you have Francisco [Lindor], you have Carlos [Correa], you have Javy [Baez], you have Enrique Hernandez. There’s Eddie [Rosario]. We have a few pitchers now with Edwin [Diaz] and Jose [Berrios] and Joe [Jimenez]. Obviously, the catching position has always been solid. We have one guy that is great, in a debate for the Hall of Fame. Yadi [Molina].

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Roughly a month ago, Mike Trout appeared headed towards history. On June 20, I took time out from gorging myself on lobster rolls and clam strips during my Cape Cod family vacation to put together a table showing the short list of players who reached 6.0 WAR before the All-Star break. After 74 games, Trout was on pace to finish at 13.8 WAR, the third-highest total for a position player in history, behind only the 1923 and 1921 seasons of Babe Ruth (15.0 and 13.9 WAR, respectively).

A funny thing happened on the way to the break, however: Trout fell into his first true slump of the year, and both Mookie Betts and José Ramírez have closed the gap such that the trio is in a virtual tie atop the leaderboard at 6.5 WAR. This is the first time since 1975 — as far back as our splits in this area go, alas — that three players have reached even 6.0 WAR by the All-Star break, though even that relatively recent history shows such a pace is nearly impossible to maintain.

Before I dig in, it’s worth noting that, while we generally refer to what transpires before and after the All-Star break as the season’s first and second halves, those are generally misnomers, since the pause in the schedule usually happens well after the 81st game of the season and at a slightly different point from year to year. So far in 2018, the average team has played 96 games, similar to the averages in 2013 (94) and 2014 (95) but well ahead of those in 2015 and 2016 (89 games) or 2017 (88 games). Thankfully, so long as we’re taking the trouble to prorate to 162 games, we can cope with this.

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The first month of the season was marked by cold weather throughout much of the country. It seemed to have an adverse affect on offense, with power numbers particularly affected. MLB players put up an isolated-power figure of .156 this March and April, which was the lowest mark since April of 2016. Rob Arthur, who has performed extensive research on the juiced ball, noticed the ball wasn’t traveling quite as far in early April even after accounting for weather — this despite a barrage of homers in the spring. Alex Chamberlain conducted some research of his own and determined hard-hit balls and barrels weren’t doing as much damage as in previous seasons, and he wondered if baseballs had been de-juiced. It’s an interesting question that deserves further research.

Chamberlain speculated that MLB had taken the juice out of the ball, potentially through the use of humidors. He found that hitters had to hit the ball harder to get it out of the park. He also observed that, when controlling for exit velocity and launch angle, batted balls weren’t quite doing the same damage as in years past. He concluded that, since we are now well past the cold-weather days of April, the change in batted balls this season is meaningful.

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As is the annual tradition at FanGraphs, we’re using the week of the All-Star Game — while the industry pauses to take a metaphorical breather — to take stock of the top-50 trade assets 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 others in this series, I’ve presented 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/contract through 2023, although a couple players have control beyond those five years. For those readers who are partial to spreadsheets rather than blocks of text, I’ve also included all the players we’ve ranked so far are in grid format at the bottom of the post.

The ZiPS WAR forecasts did influence 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 the Trade Value list this year.

Ohtani was ticketed before the season to appear much higher than this, but some concern about an imperfect UCL has now turned to what most feel is an inevitable Tommy John surgery at some point during the course of his six controlled years. If you remove much of this year on the mound from his cost-controlled seasons, take away another 12-18 months for surgery, and add to that some uncertainty about whether the stuff/feel/stamina comes all the way back, and we’re now talking about three or four years of a premium but somewhat risky talent. If you look around, that’s roughly where he’s landed as far as comps. While the expectation of health has shifted south a bit since Opening Day, the evaluation of his talent has moved north a bit, both as a pitcher and hitter, following his uneven looks in spring training.

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