Coming to Terms with Carlos Carrasco’s Trade Value

The rumors began back in July, and they’ve persisted since. “Cleveland has been willing to listen on pitching, particularly Carlos Carrasco,” read Jeff Passan’s tweet. That came a week before the July 31 trade deadline, and during that week, Carrasco was linked strongly to the Blue Jays, Dodgers, Cubs and Red Sox. The deadline came and went, and Carrasco remained an Indian, yet the rumors haven’t stopped.

On October 11, the Boston Globe’s Nick Cafardo wrote “There’s no question the Indians are going to deal a starting pitcher for a hitter this offseason,” invoking the names of both Carrasco and Danny Salazar. Two weeks later, Gordon Wittenmyer of the Chicago Sun-Times expected the Cubs to reengage the Carrasco talks over the offseason. Then, earlier this week, ESPN’s Buster Olney reignited the Carrasco rumor storm by bringing to light a Carrasco for Brandon Belt and Joe Panik framework that was discussed, but ultimately shot down by the Giants.

Wrote Olney:

“…[that] might seem outrageous until you place the value of a pitcher like Carrasco — more to the point, the value of his contract — in an era in which No. 4-type starters like J.A. Happ are getting $12 million a year in multiyear deals.”

Say, what’s Carrasco worth, anyway? There’s no definitive answer, of course — everyone’s got their own opinions. But the best you can do is use all the information at your disposal and figure out a ballpark estimate.

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The Demise of Peter Bourjos in St. Louis

If you are a frequent user of this website, you likely know that on our player pages, you can find the five most-recently cited articles about a player — a mix of FanGraphs and RotoGraphs articles. Generally, a regular player will be written about at least five times a year. But when I sat down to write this piece, when I went to Peter Bourjos‘ page, the fifth article was Dave Cameron’s piece from Nov. 22, 2013, reacting to the news that Bourjos had been traded from Anaheim to St. Louis along with Randal Grichuk, for David Freese. That in and of itself is a bad sign. While we once thought of Bourjos as one of the game’s premier defenders, Bourjos — who was claimed this week via waivers by the Phillies — is an after-thought.

In that 2013 piece, Dave noted how Bourjos had basically become the best defensive center fielder in the game:

Since 2010, here are the top 5 center fielders in UZR/150 among players who have spent at least 2,000 innings in center field.

Peter Bourjos, +20.2
Carlos Gomez, +18.2
Jacoby Ellsbury, +13.7
Michael Bourn, +9.9
Denard Span, +9.5

The deal seemed like a great one for the Cardinals — and thanks to Grichuk, it may still be — but Bourjos never really held up his end of the bargain. In his four seasons with the Angels, he played 405 games — effectively two and a half seasons — and piled up 9.2 WAR. Not bad, right? That’s something between three and four WAR over a full season. Full seasons were hard to come by for Bourjos, though, which is why the playing time was spread out over four seasons. Still, hope sprung eternal when he landed in St. Louis.

Of note, Bourjos set a goal of stealing 40 bases in his first season in St. Louis. (Hat tip to Scott Perdue for the reminder) This was always going to be a bit of a stretch, as Bourjos, to that point, had just 41 stolen bases over his four-year career, against 13 times caught stealing. Clearly he had the speed, and a knack for stealing bases, but when your career high is 22 steals, shooting for 40 is a lofty goal.

That’s not really the point. The point is that he was excited. And the Cardinals appeared excited, as well. Bourjos started on Opening Day, and eight of the first 10 games in center. And then… he stopped playing. After those 10 games, Bourjos was hitting just .207/.258/.310, and while it was just 31 plate appearances, manager Mike Matheny had seen enough to know that he didn’t want Bourjos to be his everyday center fielder. Bourjos would start just six of the next 17 games in center, with Jon Jay logging the other 11 starts. And then Grichuk was called up. He and Jay would start the next five games, and then Bourjos reclaimed the job, as the Cards optioned Grichuk back to Triple-A. If this seems like an odd playing time pattern, well, let’s just say it wasn’t an isolated incident for Matheny.

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Mike Pelfrey Gets Two Years from the Tigers

The Tigers just signed Mike Pelfrey to a two-year deal worth $16 million. The big right-hander has a good fastball, a penchant for licking his fingers, and a split-finger that’s decent for grounders, but he still shows up on the bottom of an important leaderboard. Despite that, he’s been an average major league player four times in his career, and he’s projected to be worth the deal.

Turns out, he has one ability that is elite. And if he continues to display that skill, the Tigers will have made out on this short deal.

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Effectively Wild Episode 779: Meet Major League Hitters’ Newest Nightmare

Ben and Sam talk to BP author Chris Mosch about the newest innovation in defensive positioning: the outfield shift.


The Most Important Thing About Free Agents

I was listening to a relatively prominent podcast a few days ago, just before David Price signed with the Red Sox, on which one of the commenters who has connections inside baseball said he knew Price wouldn’t go to the highest bidder. He isn’t that kind of guy, the commenter stated, matter-of-factly (that’s a paraphrase). To further paraphrase: he cares about location, about comfort, about winning. Then Price took the highest offer from a last place team, the most prominent player on which he’s reportedly had a feud.

As it turns out, Price is exactly that kind of guy. Which isn’t to say that being that kind of guy is bad, wrong, or indeed anything negative at all. [Insert boilerplate about how Price has earned everything he can get and also blah blah blah.] Even so, David Price’s seven year deal with the Red Sox makes some loud statements about the nature of free agency, statements that will almost assuredly be ignored by many, but statements that shouldn’t be. Because they are true, and the truth will set you free, and freedom is not free, like this bagel I’m eating, and bagels are delicious. So there.

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Zack Greinke May Be Getting Paid for His Bat and Glove

The next major free agent off the board is almost certainly going to be Zack Greinke. According to a wide number of reports, Greinke has narrowed his choices down to the Dodgers and Giants, and is pitting the two NL West rivals against each other with the goal of landing a six year deal at the highest annual average value of any player in baseball history; reportedly, he’s asking for $35 million per season, so if he gets six years, he’d end up with $210 million guaranteed. Even if he has to settle for five years and some kind of sixth year option, that’s still $175 million guaranteed at the AAV he’s seeking.

That’s a bit higher than the 5/$160M I predicted at the start of the off-season, and blows away the crowd’s expected 6/$156M valuation. On the one hand, when the Dodgers are bidding on someone, you can say that the dollars are irrelevant, because they have so much much money that the difference of a few million per year just doesn’t really matter. But this doesn’t seem like it’s just the Dodgers blowing away the competition to get the guy they want back; the Giants are reportedly being very competitive on price, making Greinke’s decision difficult.

And while Greinke is an excellent pitcher, there isn’t a lot of evidence that he’s a $200 million pitcher. For his career, he’s graded out as about a +4 WAR pitcher, regardless of whether you use ERA or FIP, and he’s headed into his age-32 season. Rationally, he’s going to get worse during his next deal, and even if you start him around his career average of +4 WAR — Steamer projects +4.1 for 2016 — then you’re looking at a pitching performance that projects to be worth about $150 million over the next six years.

Zack Greinke’s Contract Estimate — 6 yr / $151.2 M
Year Age WAR $/WAR Est. Value
2016 32 4.1 $8.0 M $32.8 M
2017 33 3.6 $8.4 M $30.2 M
2018 34 3.1 $8.8 M $27.3 M
2019 35 2.6 $9.3 M $24.1 M
2020 36 2.1 $9.7 M $20.4 M
2021 37 1.6 $10.2 M $16.3 M
Totals 17.1 $151.2 M
Assumptions
Value: $8M/WAR with 5.0% inflation
Aging Curve: +0.25 WAR/yr (18-27), 0 WAR/yr (28-30),-0.5 WAR/yr (31-37),-0.75 WAR/yr (> 37)

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FG on Fox: Setting the A’s Up for a Rebound Season

Let’s be clear about what’s being said here: The A’s aren’t anyone’s division favorites. Not now, and not in March, I’m going to guess. The Astros are no longer up and coming; they’re up and they’ve come. The Rangers are coming off a huge bounce-back season, the Mariners are surrounding their core with more depth, and the Angels have baseball’s best player. The AL West is going to be tough, and the A’s probably have the most to prove.

But the A’s were supposed to be competitive in 2015. Not great, but competitive. That didn’t work out, and they’ve made some moves I’m sure they’d love to undo. Yet there’s a road to being competitive again in 2016. Understanding it requires some understanding of what, exactly, went wrong in the past season. It’s always complicated, for any team, but for the 2015 A’s, the story might be the least complicated possible.

I started thinking about this after receiving an email Thursday that referred to something I wrote in July. At that point, I called the A’s the unluckiest* team of the millennium. The asterisk serves a purpose — I don’t actually like the word “luck” in baseball. What happens happens. There’s just not a great list of alternative terms. Anyway, this relies upon a metric called BaseRuns. I don’t want to get too math-y, but BaseRuns is intended to calculate an expected team winning percentage, based on performance. What gets stripped away is the element of timing. Timing is critical, of course, but it’s not always predictive. Team records tend to follow team BaseRuns records. Deviations are common over the short term, but they’ll mostly balance out given time.

I’ve got team BaseRuns data stretching back to 2002. Which means I have actual team records, and BaseRuns team records. Below, see the teams with the greatest differences between those records, where the actual record was worse than expected:

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Jeff Sullivan FanGraphs Chat — 12/4/15

9:02

Jeff Sullivan: Okay!

9:03

Jeff Sullivan:

9:03

Jeff Sullivan: And I’m already having problems!

9:04

Jeff Sullivan: Well I don’t know what’s happening on my end but let’s just try to do this

9:04

Bork: Did Eno teach you where the End Chat button is?

9:04

Jeff Sullivan: I bet he was just using that as an excuse to end his chat right at the one-hour mark

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Jeff Bridich on Building the Rockies

Jeff Bridich has been entrusted to build a championship team in baseballs’s most extreme park-factor environment. The 38-year-old Harvard graduate is the general manager of the Colorado Rockies, who play their home games in spacious, hitter-friendly-to-the-nines Coors Field.

Part of the Rockies front office since 2004, Bridich was the club’s director of player development prior to assuming his current role in October 2014.

———

Bridich on what has changed since he became GM: “There are certainly changes in the composition of the roster. Most noticeably, we have a different person playing shortstop. There’s been a focus, the past 13 months or so, on adding powerful, high-impact, high-upside arms. Ideally those are guys with some sort of readiness to compete at the major league level.

“You look at guys like Jairo Diaz, and the guys we got from Toronto (Miguel Castro, Jeff Hoffman, Jesus Tinoco), in particular. Also, the guys we added to the roster, Antonio Senzatela and Carlos Estevez, to protect them from the Rule 5. There’s been a focus on that.” Read the rest of this entry »


This Offseason’s Best Non-Tender Pickups

Last year was the worst year for shopping in the non-tender market since 2007. No player that was non-tendered after the 2014 season was worth even a win in 2015, which hasn’t happened since MLBTradeRumors started tracking non-tenders with their handy tool.

Before we consider it a trend, remember that the year before was the best year for non-tender shopping over the same time frame. Infielder Justin Turner netted the Dodgers three wins, oufielder Sam Fuld nearly did the same for the Rays, now-Cub Chris Coghlan was worth two wins, and catcher Michael McKenry was also nearly average.

In any case, looking over the past non-tender values, a few truths emerge. The best non-tender pickups were above replacement level the year before, for one. And, like Kelly Johnson, Willie Harris, Aaron Miles, and Jeff Keppinger before, they usually had some positional flexibility. Or at least positional value, in the case of the center fielders and catchers.

In that way, maybe last year did buck the trend to some extent. Kyle Blanks (0.8 WAR) and Justin Smoak (0.6 WAR) led the way, and they don’t offer much in positional flexibility or value. Still, last year’s above-replacement non-tenders also included Slade Heathcott (0.5) and Gordon Beckham (0.3).

So who will lead this year’s non-tender market?

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