The Era of Experimentation
The last thing you probably want to read right now is another summary of the slow-moving pace of free agency. And it wasn’t just that the market moved slowly — for so many players, the contracts they’ve signed have fallen well short of expectations. It’s still too soon to know whether this will be an aberration, but it does feel as if something has shifted. One explanation would be that the free-agent market, from the team perspective, worked rationally. The player perspective would be less charitable. Teams are certainly behaving as if they’re not thrilled to pay players much money as they get deeper into their 30s.
If we take it to be true that free agency is changing, well, there would be several contributors to that. And if we take it to be true that free agency is changing, that should raise the level of urgency to shift more money to players earlier in their careers. That’s the real issue for baseball to deal with. But let’s go back for a second. I want to talk about one single contributor to a depressed market. I don’t think it’s something that’s been happening intentionally, for teams to try to save money. I think the impact on the market is one arguably unfortunate side effect. This is an exciting time for baseball — the age of information. What that can mean has probably been under-discussed.



