Less than a year after Tommy John surgery last September, Stephen Strasburg has returned to professional pitching. He threw his first rehab start Sunday in single-A, reaching 98 miles-per-hour on the gun — and his second start is scheduled for tomorrow night. Strasburg is among the most valuable players in the game, with a Yankee-like ability to draw attendance; Maury Brown estimated that Strasburg’s debut alone netted the Nationals an additional $1.5 million in revenue, and Brown estimated that his injury last year cost the Nationals up to $20 million in lost revenue. So the team is understandably eager to get him back on the field, shutting down opponents and rolling in the dough.
GM Mike Rizzo has wisely attempted to throw cold water on the excitement:
We are just looking for him to build arm strength, build up innings, build up stamina and we’ll monitor the recovery…. He is preparing to get to the ultimate level. We have to do it the right way.
But it’s hard to temper expectations for a pitcher of Strasburg’s ability and star power. So should the Nats call him up this year? Better yet, can they afford not to?
The usual recovery time for Tommy John surgery has declined over the past several years. As Will Carroll wrote in Sports Illustrated, “While most still quote the 12- to 18-month time frame after reconstruction, the fact is that using modern techniques and rehab has the real recovery period down to nine to 12 months.” The key is the rehabilitation, which can depend in part on the team’s performance. With the Nats fighting the Marlins for the cellar, there’s no standings-related reason to push Strasburg to the majors this year. It’s purely about money.
In just twelve major league starts, Stephen Strasburg had an extraordinarily noticeable affect on attendance. He pitched in six stadiums, and each home team saw an uptick in attendance over their non-Strasburg season average; all but the Phillies, who already averaged over 45,000 fans a game, averaged over 8,000 more fans at Strasburg’s starts.
|Attendance||Team total home attendance
|Average attendance in
|Opponent||Attendance||Team total home attendance
|Average attendance in
|Difference||Average Strasburg home
|June 18||Home||White Sox||40,325||20,308|
While Strasburg drew additional fans wherever he went, it is striking to note that Strasmania seems to cooled off by the end of the summer, as Strasburg’s last start at home drew barely half the number of fans that attended his debut. And the $1.5 million from the debut start was more of a one-time gift than a perennial return. As Bloomberg News wrote on the day of his debut:
With an average ticket price of $30.63, according to Wilmette, Illinois-based Team Marketing Report, and the Nationals drawing 20,760 fans a game this season, a sellout could increase the team’s ticket revenue by as much as $647,151 each time Strasburg pitches.
The analysis is still essentially valid, but Strasburg sellouts would likely net slightly less money, as the team is averaging 22,821 fans this year. If Strasburg were to come up at the beginning of September and make five starts, even if each game were a sellout, the team would stand to make no more than $3 million or so. And it’s likely to be even less than that, considering that Strasburg only drew 40,000 fans to his first two home starts, and drew fewer than 35,000 in five of his last six home starts.
Strasburg is a tremendously valuable commodity to the Nationals. But his in-season value this season is relatively low at the moment. Calling him up to pitch a few starts at the end of the year could be a good PR move for the Nationals, as they gear up for a 2012 campaign that could feature both a major league-ready Bryce Harper and a major league-ready Stephen Strasburg. But it won’t make a huge difference at the gate. It’s not worth jeopardizing Strasburg’s arm over a couple million dollars worth of attendance revenue.
Alex is a writer for The Hardball Times, and is an enterprise account executive for The Washington Post.