Two years ago, Max Scherzer and Jon Lester signed deals worth a total of $365 million between them, agreements which would keep both players employed into their age-36 seasons. The accepted wisdom, dating back at least as far as Mike Hampton and Barry Zito, is that signing free-agent starting pitchers to massive contracts into their 30s is a poor idea. If early returns are any indication, last season’s deal for Zack Greinke is unlikely to serve as evidence to the contrary. David Price’s injury scare, meanwhile, provides another reminder of the risks inherent to long-term agreements with pitchers.

Not all such commitments are doomed, however. We’re just entering the third year of the contracts signed by Scherzer and Lester, for example, and so far those deals look quite good.

Two offseasons ago, Lester and Scherzer represented the only two players to receive a contract of $100 million or more. Eight other players signed for at least $50 million, though. All 10 such contracts are listed below. For each player, I’ve also provided an estimate of the value he would have been expected to provide starting with the time he signed. To calculate this estimated value, I began with each player’s WAR forecast from the 2015 FanGraphs Depth chart projections, started with $7.5 million per win, added 5% inflation per year, and applied a standard aging curve. The rightmost column indicates whether the player in question was expected to outperform or underperform the cost of his contract.

The surplus and deficit figures for individual players vary by quite a bit. Overall, however, the actual contract and value numbers are within 1% of each other.

It might be hard to believe that, at the time, projection systems were calling for Chase Headley to record $100 million in value. Remember, though, that he had averaged more than five wins over the three previous seasons and had just completed a four-WAR year. From this point, it looked like Scherzer, Lester, and Hanley Ramirez signed contracts pretty close to their expected value. The number for Scherzer is probably even closer than what we see above after accounting for his deferrals, as he makes just $15 million per season over the playing life of the contract.

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Ben Lindbergh and Jeff Sullivan banter about Carter Capps, Noah Syndergaard, and salary distributions, then preview the Angels’ 2017 season with Pedro Moura of The LA Times and the Diamondbacks’ 2017 season with Nick Piecoro of AZCentral Sports.

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Every week, for the Effectively Wild podcast, we solicit listener emails and questions. The questions lean heavily toward the hypothetical and absurd, and an email we got last week asked what it would look like if some given eccentric baseball team owner cared only about winning the most games in spring training. What would the preparation be like? What would the strategy be like? How, in general, would the baseball team look?

You could argue that baseball team would look a lot like the Angels. Last Friday afternoon, against the Brewers, the Angels rallied back from an early 3-0 deficit. They tied the game in the fourth, and after they eventually fell behind again, they rallied again, before walking off in the bottom of the ninth. A player named David Fletcher singled against a player named Tyler Spurlin, and the single scored a player named Matt Williams, but not that Matt Williams. The Angels stretched their spring-training record to 7-0. They stretched their spring-training unbeaten streak to 18.

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Over the weekend, I had the fortune of attending the Sloan Sports Analytics Conference, and participating on the baseball panel with Mike Petriello, Harry Pavlidis, Patrick Young, and Brian Kenny, which was a lot of fun. While the baseball panel was my only actual obligation at the conference, Petriello was doing double duty, having just presented — along with Greg Cain, one of the lead engineers at MLBAM — the latest update to Statcast, and introducing two new public metrics for 2017, Catch Probability and Hit Probability. These are the kinds of numbers people have been hoping for, and are one of the first steps in moving from collecting interesting single data points into providing more valuable calculations based on the combination of factors the system is measuring.

To help promote the new metrics, Jeff Passan wrote a piece on Statcast over at Yahoo, focusing mostly on what Statcast could do in the future.

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Perhaps no player in Florida is the object of greater expectations this spring than Gary Sanchez.

Consider: in the fantasy baseball world, only Buster Posey is being drafted earlier at catcher. Generally conservative projection systems forecast that Sanchez will be a star this season. ZiPS pegs Sanchez for 27 homers a 112 wRC+ and a 3.4 WAR season. PECOTA’s 70th percentile outlook has Sanchez recording 33 homers, a .504 slugging mark, and 4.8 wins. And the Fans’ average crowdsourced projection for Sanchez is a .274/.344/.488 slash line and 5.4 WAR season. The Fans believe, in other words, that Sanchez and Bryce Harper are going to produce similar value this season.

Last week, ESPN ran a poll asking respondents to guess how many home runs Sanchez will hit in 2017. Fewer than 10 home runs? That option received 1% of votes. How about 10 to 20 homers — i.e. the range within which he’s resided over each of his first five professional seasons in the minors? That seems like a reasonable wager, right? Only 4% agreed.

The most popular range was 21-30 homers, receiving 44% of votes. Forty-one percent predicted he will slug between 31-40 homers, and 10% think he will hit more than 40.

There’s much to like about Sanchez. This is a player with pedigree, who was regraded as the top catcher in the 2009 international class, and perhaps the second-best bat in that class after Miguel Sano.

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The news is in. As Rob Bradford reported late last week, Boston lefty David Price will only miss seven to ten days with an elbow strain and won’t require surgery for the moment. That’s fortunate for the Red Sox, as the loss of Price would immediately have tested the club’s somewhat suspect depth.

Before news of Price’s injury surfaced, I was looking at his 2016 campaign to see what was amiss. It looks like the cutter was a big part of the problem. Given what happened on that pitch, and the information we now possess about Price’s elbow, it’s possible we can understand Price’s 2016 season much better.

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This is Kate Preusser’s first piece as part of her month-long residency.

In Molloy, Samuel Beckett tells us: “There is a little of everything, apparently, in nature, and freaks are common.”

Thyago Vieira is a freak. I mean this in the nicest, but also the meanest, way. The Mariners prospect and Brazilian native has been turning heads across the league after blazing through the California League and the AFL this past year, victimizing hitters with his triple-digit fastball and newfound slider and just generally looking like a Brazilian golem looming atop the mound with his cold stare and imposing stature. And that’s before he throws 104 at you. Vieira is officially listed at 6-foot-2, but his height is often given offhand by manager Scott Servais or GM Jerry Dipoto as 6-foot-3 or 6-foot-4. The average Brazilian male, meanwhile, is 5-foot-7. There is a little of everything in nature but, as the fifth-most populous nation in the world, a lot of everything in Brazil.

Perhaps part of the height inflation is Vieira’s frame. He’s listed at 220 pounds but looks bigger than that in person, with a Bunyan-esque lower half fueled by daily workouts and a newfound love of American food like the Cheesecake Factory. Having grown up with a single mother who often gave up her own meals so Thyago and his brother could eat, his love of Instagramming his food with heart and praise hands and cake emojis comes into clearer focus.

I first became interested in Vieira last year, when he moved into a closer role with the Bakersfield Blaze, the Mariners’ Low-A team. His picture showed a kid with a big, easy smile and thick black-framed glasses, a la Ricky “Wild Thing” Vaughn. Unfortunately, his command had also emulated Charlie Sheen’s character, leading Vieira to have been stuck in the Mariners’ system since he was drafted in 2011, never making it past A-ball. Brazilian prospects, maybe more so than any other group, are raw, lacking the kind of resources teams pour into talent powerhouses like Venezuela or the Dominican Republic.

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