For years, rumors have connected Nolan Arenado and the St. Louis Cardinals. Some of it was wishcasting — Cardinals fans have spent the last 25 years expecting (and often seeing) trades for unhappy superstars, and Arenado sure seemed unhappy. Some of it was actual interest — the Cardinals have been in the superstar trade market and the Rockies have been in the move-Arenado market at various points. Today, it’s happening: per The Athletic’s Ken Rosenthal, Arenado has been traded to the Cardinals for five players: Austin Gomber, Mateo Gil, Tony Locey, Elehuris Montero, and Jake Sommers.
The sticking point in any Arenado trade was always going to be capitalism. That’s painting with a broad brush, so let’s rephrase: there’s no doubt that Arenado is one of the best players in the game, but the vagaries of his contract and the math of surplus value combined to limit a potential return. Remember when Giancarlo Stanton got traded to the Yankees for essentially nothing? This would be like that, only potentially even worse.
Arenado is due $199 million over the next six years. That’s a large contract, as befits a player of his stature. If you value one win above replacement at around $8 million (my best estimate at present, though the error bars are huge given the pandemic), Arenado would need to produce roughly 25 WAR over the next six years to break even. We’ve got ZiPS forecasts for the next five of those years:
ZiPS Projection – Nolan Arenado
Year |
BA |
OBP |
SLG |
AB |
R |
H |
2B |
3B |
HR |
RBI |
BB |
SO |
SB |
OPS+ |
DR |
WAR |
2021 |
.262 |
.331 |
.471 |
546 |
78 |
143 |
27 |
3 |
27 |
83 |
57 |
91 |
2 |
112 |
10 |
4.0 |
2022 |
.259 |
.326 |
.461 |
514 |
71 |
133 |
26 |
3 |
24 |
75 |
53 |
84 |
2 |
109 |
9 |
3.4 |
2023 |
.256 |
.322 |
.443 |
492 |
66 |
126 |
25 |
2 |
21 |
69 |
49 |
78 |
2 |
103 |
8 |
2.9 |
2024 |
.254 |
.318 |
.431 |
469 |
60 |
119 |
22 |
2 |
19 |
62 |
45 |
71 |
2 |
99 |
7 |
2.4 |
2025 |
.248 |
.309 |
.410 |
444 |
54 |
110 |
20 |
2 |
16 |
55 |
40 |
64 |
2 |
91 |
6 |
1.7 |
The numbers fall a little short, which is why finding a trading partner for Arenado has proved so elusive even as rumors of his availability persisted. That doesn’t even take into account a player option that would allow him to become a free agent after the 2021 season; it’s hard to trade a lot for a player who might not be on your team in a year’s time.
Those are the reasons that Arenado was a strange piece to fit in a trade. The counter? Arenado is an awesome player! He’s Nolan Arenado, for crying out loud. Over the last five years, he’s been the seventh-best position player in the game. At 29, he’s not a spring chicken anymore, but he’s still one of the best third basemen out there. Every single team in baseball would be improved by adding him, even if they had to shift a few pieces around to fit him in.
This weird dichotomy — excellent player, middling trade chip — explains the strangeness of this deal. Though the terms of the deal aren’t final, the Rockies are reportedly sending roughly $50 million to the Cardinals as part of the trade, and Arenado has agreed to defer some of his compensation to further sweeten the financial pot for St. Louis. The Cardinals gave Arenado an extra opt-out and an extra year reported at $15 million in exchange. There are all kinds of wild financial things going on in this deal, but let’s skip all that for now and focus on what St. Louis is getting on the field.
The highlight of this trade is pretty clear: the Cardinals just got a new best player on their team. The NL Central is up for grabs this year, and the four teams with a realistic shot at it have spent the offseason doing a whole lot of nothing. Adam Wainwright, who signed earlier this week, was the first player the Cardinals inked to a major league contract all offseason. Read the rest of this entry »