2020 Trade Value: Intro and Honorable Mentions
Every year for more than a decade, FanGraphs has released a Trade Value Series, ranking the top 50 players in baseball by their trade value. In that respect, this year is no different. For a lot of other reasons, though, this year’s exercise is very, very different. The COVID-19 pandemic still rages on in this country, preventing a normal start to the season; recent outbreaks on the Marlins and Cardinals — and a continued rise in the country’s case rate — have called the completion of even the scheduled 60-game season into question. While teams might soon have access to some data and video from the alternate training sites, per reports from Kiley McDaniel, there’s no minor league season to evaluate prospects, and any team making trades does so with considerable uncertainty surrounding not only this season, but also an offseason that could potentially see meaningful payroll cuts from teams that lost revenue during a shortened 2020 campaign staged without fans. Add in the murkiness of 2021 — we don’t yet have a vaccine, after all — and the end of the current Collective Bargaining Agreement after next season, and there are far more variables to contend with when gauging trade value than there usually are. One other difference is that with Kiley McDaniel no longer at FanGraphs and Dave Cameron still with the Padres, I have taken over the task of creating this list.
Generally speaking, the players who appear on this list don’t get traded at the deadline. In fact, they usually don’t even get traded within a year of appearing on this list. The players featured here are good and often on good rosters. Add in an under-market contract and there is very little incentive for teams to move these guys. And what is typically true for players on this list will likely be even more so this year as teams will be less inclined to trade away proven players who are good values for guys with less certain futures who they might not have seen in person since this spring or even last summer. While we would normally try to assess a player’s value right now, the complicated nature of this season means keeping an eye toward this winter for expected value in the next few months, too.
In attempting to determine value, my process likely didn’t differ greatly from my predecessors. Combining estimates of present and future talent with years of control and likely salaries helped create a rough estimate of potential surplus value for every player; input from contacts with clubs also helped inform my decisions. Every team has a different risk appetite when it comes to player production, and each is going to have financial considerations, as well as an understanding of their chances of contending now and in the future, that have a considerable impact on the type of player they are interested in acquiring. The Yankees and Dodgers aren’t operating on the same payroll plane as the A’s and Rays, and rebuilding teams like the Orioles and Giants aren’t looking for the same players as the win-now Reds and Brewers. Read the rest of this entry »