When the 2013 Crowd Gave Bad Advice
Of course it would take a sample size of so many decades of FanGraphs Contract Crowdsourcing before The Crowd could be properly evaluated for their salary-creating acumen. I will not hesitate, however, to deliver swift and mighty judgement upon The Crowd based on just their (your) inaugural year of estimations.
A few weeks ago, one Carson Cistulli shared an exhaustive chart showing how The Crowd’s aggregate contracts compared against the actual salaries that 2013’s free agents actually received. This is only one dimension with which The Crowd’s collective wisdom can be judged. Now that the free agents of 2013 have played the 2014 season, we can also begin to make strong guesses (and/or swift and mighty judgements) as to whether The Crowd or The Real-Live GM proposed a contract that more accurately reflects a given player’s competitive value.
Tomorrow, a look at The Crowd’s successes: five contracts that are perhaps even more discerning than the contracts proffered by The Real-Live GMs. But today, a look at The Crowd’s collective failures — five contracts that, were they executed by The Real-Live GMs, would be cause for those Real-Live GMs to question (and/or have already lost) their job security.
These five contracts have been selected not out of a set of rigorous objective criteria. However, their short length (all five players were signed by Real-Live GMs to one-year contracts) invites the arrival at conclusions. None of these five players had what one would call a “good” or even a “mediocre” season in 2014. While The Real-Live GMs who designed these contracts no doubt regret their decisions, in each case The Crowd proposed a much larger commitment, in terms of both years and dollars, for these players. In the financial tables below, one can see The Crowd’s aggregate proposals for the number of years (cYRS), average annual value (cAAV), and cumulative contract totals (cTOT) offered to these players, compared to the contracts that they would agree to with The Real-Live GMs (aYRS/aAAV/aTOT).