2018 MLB Arbitration Visualized

Every year in the middle of January, the arbitration process starts with teams and players exchanging contract proposals. And every year — since 2015, at least — we produce a nice little data visualization using arbitration contract data from MLB Trade Rumors.

For those unfamiliar with the arbitration process, here’s the succinct explanation from years past:

Teams and players file salary figures for one-year contracts, then an arbitration panel awards the player either with the contract offered by the team or the contract for which the player filed. More details of the arbitration process can be found here. Most players will sign a contract before numbers are exchanged or before the hearing, so only a handful of players actually go through the entire arbitration process each year.

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2018 ZiPS Projections – Los Angeles Angels

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 Los Angeles Angels. Szymborski can be found at ESPN and on Twitter at @DSzymborski.

Batters
During each of the last two offseasons, Jeff Sullivan has written a post about baseball’s best outfield. In each case, said outfield has belonged to the Los Angeles Angels — not, that is, because of a particularly notable breadth of talent, but rather due to the presence of Mike Trout (653 PA, 7.9 zWAR) on the roster. The 12-win mark typically represents the threshold those Angel outfields have transcended. The combination of Trout, Kole Calhoun (629, 2.4), and Justin Upton (607, 2.6) is forecast for 12.9 wins.

Trout’s excellence isn’t much of a surprise, of course. Much more mysterious is the near future of Shohei Ohtani (355, 0.9). ZiPS calls for the Japanese wunderkind to record a league-average batting line in his first year stateside. Combined with standard corner-outfield defense (Szymborski projects Ohtani in right field), the result is just less than a win in just more than a half-season’s worth of plate appearances. The strength of Ohtani’s forecast is his .333 BABIP, the highest mark assessed to anyone on the club. The weakness? His 31.0% strikeout rate, itself nearly the highest. Ohtani, meanwhile, is projected for a relatively modest .186 isolated-power figure. Overall, it’s less promising than his pitching forecast.

None of this, of course, addresses offseason acquisition Zack Cozart (467, 2.7) or other offseason acquisition Ian Kinsler (584, 3.0). Nor will it. Address them, that is.

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How the Pirates Are Forced to Value Players

As a small-market club, the Pirates have a limited margin for error to be competitive.
(Photo: Keith Allison)

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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KATOH Projects Pittsburgh’s Return for Andrew McCutchen

The Giants have acquired outfielder Andrew McCutchen in exchange for Kyle Crick and Bryan Reynolds. Below are the KATOH projections for Pittsburgh’s newest prospects.

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Giants Add Another Face of Another Franchise

Earlier in the offseason, the Giants came ever so close to trading for Giancarlo Stanton. Stanton has been one of the most important players in the Marlins’ admittedly limited history, but all that got in the way was a well-earned no-trade clause. Which is what ultimately took Stanton to the Yankees, instead of the Giants or the Cardinals.

Shortly after that all went down, the Giants traded for Evan Longoria. Longoria has been the most important player in the Rays’ admittedly limited history, but, well, the Rays are the Rays, and Longoria is both increasingly old and increasingly expensive. The commitment meant that Longoria had to go, and the Giants were there to welcome him with open arms.

And now the Giants have traded for Andrew McCutchen. McCutchen has been one of the most important players in the Pirates’ far less limited history, one of the keys to the franchise’s recent return to relevance, but where Longoria’s deal was too big for a smaller-market operation, McCutchen’s was too small. With just one year left, McCutchen all but forced the Pirates’ hand, and the Giants, again, were there. The agreement, as it is:

Giants get

Pirates get

For the third time, the Giants targeted the face of another ballclub. For the third time, they reached an agreement. For the second time, a move has been actually made. Because of who McCutchen is and has been, this is an impact transaction, one that’s sure to have widespread consequences. The reality of trading or trading for McCutchen is complex. It’s also quite simple. The Pirates aren’t good enough to keep a 31-year-old staring ahead to free agency. And the Giants are trying to return to the playoffs before the inevitable reckoning. McCutchen gives them something they just didn’t have.

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FanGraphs Audio: Dave Cameron Fulfills His Obligation to FanGraphs

Episode 795
As he noted on Wednesday in the electronic pages, managing editor Dave Cameron is leaving FanGraphs to join the San Diego Padres. This episode represents his final appearance on the program.

Don’t hesitate to direct pod-related correspondence to @cistulli on Twitter.

You can subscribe to the podcast via iTunes or other feeder things.

Audio after the jump. (Approximately 53 min play time.)

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KATOH Projects Pittsburgh’s Return for Gerrit Cole

The Astros have acquired right-hander Gerrit Cole (for real this time) from the Pirates in exchange for Michael Feliz, Joe Musgrove, and prospects Jason Martin and Colin Moran. Below are the KATOH projections for the latter two of those players.

Note that WAR figures account for each player’s first six major-league seasons. KATOH denotes the stats-only version of the projection system, while KATOH+ denotes the methodology that includes a player’s prospect rankings.

*****

Colin Moran, 3B (Profile)
KATOH: 3.0 WAR
KATOH+: 2.8 WAR

The Marlins made Moran the sixth-overall pick back in 2013, but his stock has cratered since. His bat never developed the way scouts thought it would, culminating in a paltry .259/.329/.368 line in 2016. He showed signs of life last year, however, hitting .308/.373/.543 in his second crack at Triple-A. For the first time as a professional, he hit for power — largely by upping his fly-ball rate by 10 percentage points — while simultaneously cutting eight points off of his strikeout rate.

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The Astros Might Be the Perfect Team for Gerrit Cole

After a couple false starts earlier in the week, the Houston Astros finally acquired right-hander Gerrit Cole from the Pittsburgh Pirates last night. As Travis Sawchik notes, the deal makes sense for both teams: the re-tooling Pirates get a collection of useful players, all within close proximity to the majors; the Astros, meanwhile, receive two years of a pitcher with a great arm and history of success. It’s mutually beneficial.

There’s a third party that might benefit from the deal, however, and that’s Cole himself. He might be worth more in Houston than anywhere else.

As a major leaguer, Cole has been either good or really good in each of his five seasons. There’s always this sense, however, that the former No. 1 pick could be great. Earlier this week, Travis Sawchik proposed one way that Cole could perhaps unlock the remaining upside in his 27-year-old arm –namely, by throwing his fastball less. In this way, his move to the Astros represent an opportunity: not only is Cole’s secondary stuff ready for more action, but his new team is uniquely suited to help this adjustment along.

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Sunday Notes: Cards Prospect Dylan Carlson Looks to Make a Splash

Dylan Carlson was the Cardinals’ first-round pick in 2016, so it’s easy to look at his numbers and say he’s been disappointing. After getting his feet wet with a .717 OPS in his draft year, he slashed a ho-hum .240/.342/.347 in his first full season. There have been flashes of power, yet the switch-hitting outfielder has gone deep just 10 times in 652 professional plate appearances.

Not to worry. While his performance has been anything but splashy, it’s important to consider that Carlson has been playing against older competition since signing. He spent the entire 2017 season in the Midwest League as an 18-year-old.

If he’s sometimes felt like he was in over his head, he was reluctant to admit it. When I asked him late in the season if being one of the youngest players on the field is ever intimidating, Carlson dove directly into the positive.

“It’s actually great to have teammates who are older and have been to college,” said the former Elk Grove (CA) High School standout. I can always lean on them for advice — I like being around older guys for that reason — and it’s also been fun coming out and competing against older guys. I’m learning a lot.”

Carlson claimed he’s essentially the same hitter he was when he entered the St. Louis system. While developmental strides have been made, there have been no mechanical overhauls or watershed moments. Aside from “standing a little taller in the box,” he’s just focused on “refining the basics.” Read the rest of this entry »


Houston Actually Acquires Gerrit Cole This Time

The Pirates receive some useful assets for their ace, although no top prospect. (Photo: Jon Dawson)

Gerrit Cole was reportedly traded to the Astros earlier this week. I wrote about that hypothetical move in greater length here and why Cole might fit well with Houston.

I wrote earlier this offseason that the Pirates ought to trade Cole. The Pirates are re-tooling to some degree, while the Astros are a World Series contender that has been motivated to find a starting pitcher. It makes sense for both parties.

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