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Many baseball things happened yesterday. One of them was that Mike Napoli, late of the Angels, Rangers, Red Sox, and, hey, Rangers again, signed a one year, $7 million deal with the Cleveland Indians. Since converting to first base in 2013, Napoli has played there almost exclusively, the exception being a brief though not brief enough cameo in left field with Texas last season. The Indians still need some outfield help, but presumably they are able to distinguish between ex-catchers who play first base and actual outfielders, and as such will use Napoli at first base. This, Indians fans, is a good thing. Oh, and so is the signing.

Napoli offers power and on-base and and a general ability to play first base effectively if not spectacularly. This, friends, is a valuable package. There is, of course, some potential for downside though. You don’t sign a player to a one year contract for $7 million in this market without there being some sort of problem. Napoli’s defect, the reason he could be had so cheaply, is that last season he was bad. However, there’s more to it than that, and as such there’s reason to believe Cleveland has bought a good player on the cheap.

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You have a choice. I’ll give you $100 right now, or you can let me flip a coin. If it lands on heads, I’ll give you $250. But if it lands on tails, I’ll give you $20. I’m using a fair coin, so the expected value of flipping the coin is $135 based on the 50/50 odds it lands on heads or tails. If you like risk or are a risk-neutral person, it’s an easy decision to take your chances with the coin because the odds are strongly in your favor. If you’re a risk-averse person, however, you’re more likely to take the sure thing because $135 isn’t a whole lot more than $100, and $100 is a whole lot more than $20.

Let’s add another wrinkle. It’s the same choice, but if you choose the coin flip, you have to wait a month. The dollar amounts are the same, but now there’s a time component. To get the value of the coin flip, you need to apply a discount factor to the $135. For some people, that discount factor is pretty close to one, but it might be much lower if you’re strapped for cash and the $100 would dramatically improve your life in the present.

Major league players face a much higher stakes version of this decision when their club comes to them with a contract extension. Do they take a sure thing now, or do they wait and gamble on themselves? While we’re focusing a lot on the 2015-2016 free-agent class this month, there are eight players who could have been free agents for the first time this year but instead chose to cash out early by signing extensions. Did they make the right decision?

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The White Sox swung a deal yesterday to acquire slugging third baseman Todd Frazier from the Reds. To do so, they sent Trayce Thompson, Micah Johnson and Francelis Montas to the Dodgers. The Dodgers sent Jose Peraza, Scott Schebler, and Brandon Dixon to Cincinnati. Here’s the skinny on the sextet of prospects changing hands in this trade. As usual, the numbers you see below come from my KATOH projection system. Read the rest of this entry »

Episode 617
Nick Piecoro is a friend of the program and a beat writer for the D-backs at reputable news organ The Arizona Republic. He’s also the guest on this edition of FanGraphs Audio.

This edition of the program is sponsored by Draft, the first truly mobile fantasy sports app. Compete directly against idiot host Carson Cistulli by clicking here.

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 41 min play time.)

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Ben and Sam discuss whether the awe-inspiring 2018 free agent class is something MLB teams should be planning for already.

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I detected a real sense of impatience as far as the Dodgers were concerned. Not impatience on the part of the Dodgers — rather, impatience on the part of people observing the Dodgers. Not that they’d been totally quiet, but they had been inactive. Now, Wednesday, the Dodgers have gotten themselves involved in a doozy. It’s a three-way trade, with the best player neither leaving the Dodgers, nor joining them. Instead, the Dodgers helped facilitate the Reds sending a quality third baseman to the White Sox. The full player breakdown:

White Sox get:

• Todd Frazier

White Sox lose:

• Francelis Montas
• Trayce Thompson
• Micah Johnson

—

Reds get:

• Jose Peraza
• Scott Schebler
• Brandon Dixon

Reds lose:

• Todd Frazier

—

Dodgers get:

• Francelis Montas
• Trayce Thompson
• Micah Johnson

Dodgers lose:

• Jose Peraza
• Scott Schebler
• Brandon Dixon

Frazier to Chicago, three Chicago prospects to Los Angeles, three Los Angeles prospects to Cincinnati. It stands to reason the Dodgers had to get involved because the Reds and White Sox couldn’t find an easy match straight up. Implying the Reds are higher on, say, the Peraza centerpiece than they would’ve been on a Montas centerpiece. These things can be kind of complicated to analyze, but let’s go team by team.

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Talking to Mets pitching coach Dan Warthen last year, he mentioned something about the strategy of his brand of slider that has stuck with me. We normally think of sliders as hard curveballs, maybe. Loopy but hard pitches. Try figuring out if Craig Kimbrel throws a hard curve or a slider, and you’re down that normal path.

But Warthen said something a little different about the slider: “We don’t want to make it break, we want to think about getting our fingers to the front of the ball and spinning the baseball. Then you take another breaking ball and you separate the speeds, and it doesn’t have to be a great breaking ball, it just has to be a different speed.”

So, in effect, Warthen was talking about changing speeds with the slider. Normally that’s something you talk about with the changeup, which is obvious because of the way the pitch is named. But now we can talk about it with respect to the slider.

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After Jerry Dipoto was hired as the general manager of the Mariners late in the 2015 season, his early tenure with club became one of the most anticipated programs of the fall season. How would he remake one of the most disappointing teams in the major leagues? Would he tear it down, or would he attempt to reload on the fly and stay relevant in 2016? One thing is for certain: it didn’t take very long to find out.

The champagne was barely dry in the road locker room in Citi Field when Dipoto began his handiwork. Much like an accident scene on the highway, the Mariners’ 2015 season and roster was briefly cordoned off, the gruesome but necessary cleanup work performed, and the road re-opened as good as new. Now that the first 13-week installment of “The Jerry Dipoto Show” is in the books, let’s look back at the highs and lows, and try to make sense of what it all means for the near- to intermediate-term future of the Seattle Mariners.

Episode 1 – The Pilot
Traded SS Brad Miller, 1B Logan Morrison and RHP Danny Farquhar to Rays for RHP Nate Karns, OF Boog Powell, LHP C.J. Riefenhauser.

Dipoto hit the ground running, just a few days after the end of the World Series, with one of the two largest and perhaps most controversial deals of his first offseason. Outfield and starting depth were two prime Mariner concerns for 2016, and middle infield one of their few areas of depth. Exit Miller, who was supplanted late last season by Ketel Marte at shortstop, only to struggle in a multi-positional role afterward.

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