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).

Jesse Crain – Houston Astros

The Financial Situation

cYRS cAAV cTOT aYRS aAAV aYRS
2.1 $6M $12.2M 1 $3.3M $3.3M

In the first half of the 2013 season, Crain pitched a sterling 36.2 innings of relief for the Chicago White Sox, posting a 0.74 ERA and 1.52 FIP. Even though Crain was injured from the beginning of July and onward — with the Tampa Bay Rays giving up Sean Bierman and Ben Kline so that Crain could rehab for a few months in Florida — The Crowd saw it fit to give Crain one of baseball’s larger middle-reliever salaries.

The 2014 Performance Situation

IP K/9 BB/9 HR/9 FIP WAR FG$
0 0 0 0 0 0 N/A

In 2014, Crain’s rehab tour moved on to Texas, where the Astros made Crain their third-highest-paid player (behind Dexter Fowler and Scott Feldman), only to see him never take the field. This winter, it’s unlikely that Crain will receive a contract any larger than $3.3M, with his last in-game appearance now approaching 18 months ago.

Stephen Drew – Boston Red Sox, New York Yankees

The Financial Situation

cYRS cAAV cTOT aYRS aAAV aYRS
3 $11M $32.8M 1 $10.1M $10.1M

Following his performance as starter for the World Series Champion Red Sox, Drew was presented with a qualifying offer by Boston, and The Crowd believed that Drew would either be resigned by the Red Sox, or was a valuable enough option to one of the other 29 teams that he would be worth the lost first-round draft pick. After a winter of contractual stalemate, Drew re-signed in Boston in the middle of May.

The 2014 Performance Situation

PA AVG OBP SLG wRC+ WAR FG$
300 .162 .237 .299 44 -1.1 -$6.3M

If Drew and his representation thought that it was difficult to sign a contract last winter, then this winter will pose a real conundrum. There is perhaps an argument to be made that the lack of conventional Spring Training, plus the midseason arrival in Boston, plus the midseason departure for New York all combined to throw off Drew’s internal ballplayer circadian rhythms. Or: Drew will not be entering negotiations from a place of strength.

Josh Johnson – San Diego Padres

The Financial Situation

cYRS cAAV cTOT aYRS aAAV aYRS
1.6 $10M $16.3M 1 $8M $8M

With just 56 combined starts from 2011-2013, not to mention a history of long-term injury going back to 2007, 2008, The Crowd still favored giving Johnson a multi-year deal. Even though the Padres were confident enough in Johnson’s health to sign him (remember the Orioles passing on Grant Balfour), they still felt the need to get creative with the contract. Johnson would have received a not-insignificant bonus ($1.25M) if he made at least 26 starts in 2014, and a 2015 vesting option of $4M if Johnson were to make less than seven starts on the season.

The 2014 Performance Situation

IP K/9 BB/9 HR/9 FIP WAR FG$
0 0 0 0 0 0 N/A

Much like Crain, Johnson was the third-highest-paid player on his team, with nary an inning to show for it. The Padres have already declined that $4M 2015 option, meaning that Johnson’s future in the game must be frightfully limited. It must be colossally frustrating for Johnson to see his elite performance get undercut with injury after injury — here’s hoping that he can call Brandon Webb for moral support.

Paul Maholm – Los Angeles Dodgers

The Financial Situation

cYRS cAAV cTOT aYRS aAAV aYRS
2.1 $7.1M $14.8M 1 $1.5M $1.5M

As a totally serviceable starting pitcher for the Braves in 2013, The Crowd saw it fit to give Maholm a serviceable starting pitcher’s money. Seeing as the Braves voluntarily picked up Maholm’s $6.5M 2013 option at the end of the 2012 season, the numbers proposed by The Crowd did not, at the time, seem unreasonable.
The 2014 Performance Situation

IP K/9 BB/9 HR/9 FIP WAR FG$
70.2 4.33 3.57 1.02 4.96 -0.8 -$4.1M

For reasons that I’d think are very inside baseball (i.e.: confidential), nobody signed Maholm until February, at which point the Dodgers signed him to an uncharacteristically prudent contract. Even though Maholm’s 2014 season mostly just served as a foil for the early-May arrival of Clayton Kershaw, Maholm was the 23rd-highest-paid member of the Dodgers last year, so the lack of value in his contract was not terribly noticeable.

Kendrys Morales – Minnesota Twins, Seattle Mariners

The Financial Situation

cYRS cAAV cTOT aYRS aAAV aYRS
2.5 $10.8M $27.3M 1 $7.5M $7.5M

Although the two players are quite unalike in appearance and style, Morales followed nearly the exact same trajectory as Drew. Morales was presented with a qualifying offer, turned it down, and was forced to wait until almost midseason to finally get signed. Also like Drew, Morales was traded from his original slumping team to a team that was trying darn hard to make the playoffs before pulling up just short.

The 2014 Performance Situation

PA AVG OBP SLG wRC+ WAR FG$
401 .218 .274 .338 72 -1.7 -$9.5M

The similarities with Drew continue: Morales followed up that jumbled timeline with easily the worst performance of his career. Seeing as the Twins only paid Morales for six weeks or so before flipping him for a prospect in Stephen Pryor, they are perhaps the only party mentioned in this post who can be proud of their actions here. Meantime, the Mariners fell one game short of the playoffs after giving Morales and his below-replacement bat 239 late-season plate appearances — it is they who most obviously have egg on their faces.





Miles Wray contributes sports commentary to McSweeney's Internet Tendency, Ploughshares, The Classical and Hardwood Paroxysm. Follow him on Twitter @mileswray or email him here.

31 Comments
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Visitor
9 years ago

It’s probably more fair/more interesting to drop out (pre-season) injured players & players snagged in the QO mess. The crowd hardly has any info on such inside, off-field factors?

Yirmiyahu
9 years ago
Reply to  Visitor

This. I don’t think these contracts tell us anything about the wisdom of the crowd. Except that we don’t have access to team doctors or medical reports, and that armchair GM’s don’t have to worry about losing a draft pick.

It’d be much more interesting to know where the crowd simply misjudged the talent/projections/performance.

Bipmember
9 years ago
Reply to  Yirmiyahu

I agree with regard to player health information, but not in regard to the qualifying offer. There’s no point in critiquing the crowd for not having information that teams had. However, the crowd is capable of judging how much losing a draft pick would impact their interest in signing a player and how much money they would give him. Projecting how the value of a draft pick will impact a free agent contract is certainly not as straightforward as projecting how a player’s performance will impact the same, but I feel it is in line with the purpose the exercise: instead of creating a complex contract projection system, just ask the crowd and have them try to work out the variables.

Bipmember
9 years ago
Reply to  Bip

However, if we’re talking about comparing the projected contract to player value, then I think misjudging performance of Morales and Drew are not something that the crowd did wrong per se. The fact that both of them were so bad points to the possibility that taking that much time off could have an effect on the player we don’t really understand. Since the crowd had no reason to anticipate those player wouldn’t sign until June, nor that doing so would impact performance this way, I don’t think fair to just say the crowd was totally wrong.

LHPSU
9 years ago
Reply to  Bip

Crowd contracts and projections of performance are essentially based on the assumption that the player is signed during the offseason and that they get a full spring training. In the case of Drew and Morales, the moment that they started to sit out Spring Training and the regular season, all bets were off. You can’t invalidate a necessary condition and then talk about the result.

Bipmember
9 years ago
Reply to  Bip

In the case of Morales and Drew, we at least know that the amount they were offered prior to the start of spring training was less than they were willing to settle for. Would Morales have taken a $28M contract in the offseason, like the crowd projected? I think probably. Would Drew have taken $33M? Absolutely. So, if they would have taken the crowd-projected contract, but they in fact did not sign a contract, we can at least surmise that no team offered anything at or above what the crowd predicted. It would have been excessively difficult to predict what actually ended up happening, but I think one could reasonably say that the crowd underestimated the impact the QO would have on marginal free agents.

LHPSU
9 years ago
Reply to  Bip

There’s the thing about players and agents misjudging the market, though. Remember how Ervin Santana was seeking something like 100 million?

Bipmember
9 years ago
Reply to  Bip

For Santana, I have to think that was mostly talk. I mean he wasn’t really expecting $100 million. Was he?

Jake is da Bomb
9 years ago
Reply to  Yirmiyahu

the contributors are running out of things to discuss…

Plucky
9 years ago
Reply to  Visitor

For Johnson yes, for Crain, no (at least on fairness). Crain’s injury situation was well-publicized, and that he was most likely unavailable until at least May or June was well-known last offseason. The un-wisdom of the crown in that particular instance was the 2nd year, and any real GM who had offered a guaranteed 2nd year would have had some ‘splaining to do