After overcoming a slow start and firing manager Joe Girardi, the Phillies made it all the way to the World Series for the first time since 2009. On Monday, they took a significant step toward improving their chances of returning, and of upgrading their oft-shaky defense, signing shortstop Trea Turner to an 11-year, $300 million deal, one that includes a full no-trade clause.

Turner, who turned 29 on June 30, spent the past season and a half with the Dodgers after coming over from the Nationals in the 2021 trade deadline blockbuster that also brought Max Scherzer to Los Angeles. In 2022, he earned All-Star honors for the second time, batting .298/.343/.466 (128 wRC+) with 21 homers, 27 steals (in 30 attempts), and 6.3 WAR. He played 160 games and led the NL in plate appearances (708) and at-bats (652) and ranked fourth in steals.

While Turner’s offensive performance represented a dip from his 2021, when he won the NL batting title (.328/.375/.536, 142 wRC+), led the league in steals (32), and ranked third in WAR (6.8), he was still an impressive ninth in the last of those categories in ’22. Bolstered by average defense at shortstop — no small accomplishment or attraction for a team that has employed Didi Gregorius in the recent past — he was third in WAR among shortstops behind Francisco Lindor (6.8) and fellow free agent Dansby Swanson (6.4), but his longer track record for strong production than Swanson, and the added dimension of his speed, had to make him the more attractive of the two for a long-term deal. Toward that end, it’s worth noting that Turner placed second on our Top 50 Free Agents list below only Aaron Judge, one spot ahead of Carlos Correa, four ahead of Xander Bogaerts, and six ahead of Swanson.

The size of Turner’s contract outdid both our median crowdsource estimate (seven years, $210 million) and that of listmaker Ben Clemens (nine years, $288 million), a common theme from among the early deals so far. That should’t surprise us within an industry that appears to have set a record in revenues (just shy of $11 billion) and that just got a $900 million windfall ($30 million per team) from MLB selling its remaining 15% stake in the BAMTech streaming platform to Disney. Read the rest of this entry »

Just three days ago, there was gnashing of teeth and rending of garments in the blue-and-orange tinted sectors of the New York metropolitan area. Jacob deGrom, light of the world, oppressor of batters, had taken the money and run to Texas. This was a black eye for the conspicuously moneyed regime of hedge fund billionaire Steve Cohen, who’d promised to do for the Mets what Gulf state sovereign wealth funds are doing for European soccer teams. Instead, he’d been outbid for the best pitcher in baseball, a homegrown superstar the likes of which the Mets hadn’t produced since… is it sacrilegious to say Tom Seaver?

Fear not, because the Mets have secured a hell of a fallback option. On Sunday night, former Met Carlos Baerga announced on Instagram — because sure, why not? “Carlos Baerga’s Instagram” is my favorite Bo Burnham song — that Justin Verlander was signing with the Mets for two years and $86.8 million, with a mutual option for a third year. On Monday morning, ESPN’s leading scoop man, Jeff Passan, reported substantially similar news: Verlander to New York for two years and $86 million, with a vesting option for 2025.

Depending on how you feel about Carlos Rodón, there are either two or three legitimate difference-making no. 1 starters in this year’s free-agent class. (And even a Rodón superfan such as myself will acknowledge that deGrom and Verlander are a step above.) The Mets lost one but gained another. Read the rest of this entry »

Move over, Jacob deGrom; this was the best free-agent deal of last week:

Right-handed reliever Chris Martin and the Boston Red Sox are in agreement on a two-year, $17.5 million contract, pending physical, sources familiar with the deal tell ESPN. Martin, 36, was magnificent for the Dodgers after a deadline trade and parlayed it into a multiyear deal.

— Jeff Passan (@JeffPassan) December 2, 2022

I kid, but only sort of! Obviously, deGrom is a phenomenal pitcher. The Rangers did well to court him. And this isn’t me advocating for the importance of “surplus value” or whatever vague finance jargon gets thrown around these days. I just really like Chris Martin, and I also think the Red Sox got a ton of bang for their buck for signing him.

There are also things not to like about Martin, at least on the surface. If people objected to a 35-year-old first baseman getting three years, imagine their discomfort at the sight of a 36-year-old reliever getting two years. His fastball velocity is pedestrian by modern standards, his pitch movement data isn’t eye-popping, and he doesn’t throw from an unorthodox angle to compensate. In 2021, Martin’s strikeout rate plummeted to 18%, and it’s worrisome to think he could return to such a dramatic low. When the risks are lined up like this, a two-year pact comes off as unappealing. Read the rest of this entry »

For the 18th consecutive season, the ZiPS projection system is unleashing a full set of prognostications. For more information on the ZiPS projections, please consult this year’s introduction and MLB’s glossary entry. The team order is selected by lot, and today’s team is the San Diego Padres.

Batters

When you look at the Padres’ depth charts, there’s a kind of clarity when trying to decide what the team needs to do this winter. The strengths of the offense are obvious: Juan Soto, Manny Machado, and a healthy Fernando Tatis Jr. enter any season as top-notch MVP contenders. And unlike a certain seraphim-themed organization I won’t name with a few mega-stars at the top, there isn’t a huge drop-off to the next tier, whether it’s Jake Cronenworth, Ha-Seong Kim, or Trent Grisham after you’ve threatened him with torture if he tries to bunt for a hit at an awkward moment.

The team’s needs here are also quite obvious; I can’t imagine the Padres actually enter the season with Taylor Kohlwey and José Azocar splitting playing time in left field. The problem is, I also couldn’t imagine Nomar Mazara actually getting 41 starts in 2022, but that’s just what he did.

San Diego would also benefit from some figuring out what to do about Tatis’ position long-term. Right now, we have him splitting time in several places, but I think that the Padres are best served by figuring out whether Cronenworth or Kim are the answer at second, determine where they can put Tatis, and then find a full-time upgrade over Eguy Rosario or Brandon Dixon, whom I see more as complementary talent.

Another thing that is obvious here is that the Padres do need to spend some time this winter fattening up their organizational depth. The high minors are fairly empty at the moment — a combination of graduating talent, traded talent, and a bunch of minor league veterans now in free agency or in other organizations. Most of the players here who look like “break in case of fire” emergency options like C.J. Hinojosa or Domingo Leyba are no longer in the organization. This isn’t necessarily an expensive thing to do, either, and adding a left fielder and a couple of pitchers wouldn’t hinder this. Read the rest of this entry »

During the playoffs, Nick Castellanos made a few noteworthy catches, darting and diving to his left. I wondered whether the Phillies’ right fielder, with his mitt on his left hand, was alone in relishing plays to his gloveside. After all, Castellanos didn’t have to reach across his body to make the catch when moving in this direction. I also wondered what, if any, implications this would have on outfield positioning and alignment.

In terms of directional Outs Above Average (OAA), my findings demonstrated that right-handed outfielders actually performed marginally better moving to their armside than their gloveside. But they were considerably stronger to their left than left-handers, who in turn performed much better to their own gloveside. If that word salad confused you, not to worry. These numbers might be easier to digest:

Read the rest of this entry »

I don’t bring this up very often, but before I wrote here, I had a job trading interest rates. I won’t bore you with the technical details, but I’ve been drawing on that experience a lot recently in thinking about how teams operate when signing free agents, so I thought I’d lay out my recent thoughts here. None of this is quite fully formed yet, but I think I’m on the way there, and I’d love to hear some feedback and see if I can better formulate my point as a result.

Speaking broadly, there are two main ways to get a return on your investment in finance. First, you could lean into the efficiency of the market. You’ve probably never heard of most of the companies that do this: Virtu, DRW, Jump, Hudson River, Susquehanna, Two Sigma. They’re all major players with virtually no broader name recognition. They’re broadly considered “high-frequency traders,” which means they buy and sell an absolutely massive number of stocks and bonds every day, trying to make a tiny profit on each one.

This is the “efficient market” you learned about if you took an economics class in college. If you’re trying to buy one share of a stock and I’m trying to sell one, a high-frequency trader will hope to sell to you at $100.00, buy from me at $99.99, and pocket the penny of difference. Do that a billion times, and pretty soon you’re talking about real money. It’s more complex than that — obviously, given the amount of brain and computing power all of these companies exert — but you can broadly think of them as profiting because there’s a well-accepted price for any given security at any given time, which means they can make money off of tiny deviations from that fair price. Read the rest of this entry »

Baseball’s Winter Meetings are in full swing! Now is time to make some trades. Now is the time to sign some free agents. You and I are going to put together a team. What should our team look like? Don’t worry. I’ve already decided for us.

In 2022, Mets batters got hit by 112 pitches, setting a new single-season major league record. Ever since they broke the record, I’ve been wondering how many HBP a team could rack up if they made it their sole mission. That’s our challenge.

We’ll be building our roster using Steamer projections for the 2023 season, and we’ll assemble a lineup with the goal of obliterating the Mets’ record. We’re going to get hit often and we’re going to get hit with style. To get us in the spirit of the enterprise, I’ve named our new team the Cooperstown Contusions. Before you ask, yes, our mascot will be an anthropomorphic bruise:

Read the rest of this entry »

Friday afternoon is traditionally the time when organizations dump unpleasant news. The week before the Winter Meetings, it’s also the time when organizations finally get rid of players they’ve been trying to trade. To that end, the Seattle Mariners have acquired second baseman Kolten Wong, along with $1.75 million in cash, from the Milwaukee Brewers in exchange for infielder Abraham Toro and outfielder Jesse Winker.

Huh. Interesting. Read the rest of this entry »

SAN DIEGO — The Crime Dog is going to Cooperstown. On Sunday, the Contemporary Baseball Era Committee unanimously elected Fred McGriff to the Hall of Fame, bypassing far more statistically impressive candidates — namely Barry Bonds, Roger Clemens, and Rafael Palmeiro — due to their connections to performance-enhancing drugs. On a panel that included two former teammates (Greg Maddux and Kenny Williams, with Chipper Jones appointed but replaced at the last moment due to illness) as well as former Blue Jays executive Paul Beeston, McGriff was the only candidate from among the eight to reach the necessary 75% of the vote.

Curt Schilling — who like Bonds and Clemens fell off of the BBWAA ballot after 10 years this past January having bled voter support after a seemingly endless string of noxious public comments that culminated with supporting the January 6, 2021 insurrection and comparing Dr. Anthony Fauci to a Nazi — also fell short, though he fared better than the Gruesome Twosome. Indeed it’s not hard to see the results as a rebuke of PED-linked candidates, whether or not they actually tested positive and were penalized by Major League Baseball, by a committee seemingly engineered to keep them out. Read the rest of this entry »