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On Ruben

Ruben Amaro Jr.’s promotion to General Manager was not the most popular news in the blogosphere, though it was expected by many for a long time.  Any time he had been interviewed, many of us—myself included—feared that he was too smug.  However, how he interacts with the media is not the primary function of a GM, and as I look over his moves over this 2008-09 offseason, I agree with nearly every one.  When evaluating Ruben Amaro, most people point to the fact that the team replaced Pat Burrell with Raul Ibanez, but he has made many other moves.  In reality, while I personally would rather have Pat Burrell at 2/$16MM than Raul Ibanez at 3/$31.5MM, it is tough to know what happened in the negotiations with Pat Burrell.  We also are not privy to the same information about Burrell’s health as the Phillies are.  

Instead, I will evaluate the move another way.  The Phillies were a team that had about 88-win talent if they went with Jenkins in left field.  Signing Ibanez gives them about a 90-win team.  The odds of an 88-win team making the playoffs are distinctly lower than a 90-win team’s odds and that is worth about 10.5MM.  The decision to raise payroll was a good one, and while that may have been made by the ownership, the best place to spent the money was on left field.  The team has solid above replacement level talent at every other position on the diamond except for C and arguably at 3B, and they have solid prospects at both of those positions that are about a year away.  While the Ibanez signing may have been overpaying, the decision to add a LF was smart, and for all the claims that the team is now “too left-handed”, keep in mind that (a) the league is pretty damn right-handed and I feel pretty good with no lefty harder than John Lannan starting against us in the first couple weeks, and (b) the Phillies hit lefties BETTER than righties last year.  Some of that may be an exaggerated effect as I mentioned here, but it is still not the hugest concern given the situation.  All in all, the Ibanez move might not be the correct LF to sign, but it was right to raise payroll and LF was the best place to add it.  Adding a starting pitcher was another possibility, but the team has shown an ability to add a 2-3 win starting pitcher midseason every year for four years in a row, and adding a hitter allows them the flexibility to do so.  It is far more likely that a free agent pitcher will be available than a left fielder will be available.  (For more information on this unique element of matching in baseball, check out my article on another cite here)

I do not like defending the Ibanez move since I believe there were better fits for LF, and since I did not and do not agree with it based on the information available to me, but let’s look through the rest of his moves this offseason.

Star-divide



1) Traded Greg Golson for John Mayberry:

Can anybody argue with this?  Golson was more of a suspect than a prospect and Mayberry has clearly shown talent this Spring Training.

2) Traded Jason Jaramillo for Ronny Paulino:

Who would you rather have?

3) Didn't offer Burrell or Moyer arb:

We ranted and raved about how bad the move was, but Burrell would have gotten about $15-16MM in arbitration for one year, and given that he was barely able to find a 2-year deal for that money, it was clearly the right move not to offer him arbitration.  Moyer signed a 2-year, $13MM deal.  In arbitration, he would have gotten about $10MM.  Is his age 47 season worth $3MM?  I cannot even begin to value Jamie Moyer, but chances are that if his age 46 season is worth $10MM, his age 47 season could easily be worth $3MM.

4) Signed Moyer to two-year deal:

Again, evaluating Jamie Moyer is not really something statheads can do.  Nate Silver refused to publish a PECOTA for him for two months.  Check out this article by Eric Seidman for more on Moyer if you have a subscription to Baseball Prospectus.

6) Signed Chan Ho Park to one-year deal:

$2.5MM is worth about half a win.  If his Spring Training numbers are any indicator, he should cover that easily.

7) Signed Marcus Giles, Gary Majewski, Miguel Cairo, Pablo Ozuna to MiLB deals:

Good hedging that mostly did not end up working out.  There is little downside in these type of deals.

8) Signed Greg Dobbs to two-year deal:

If Feliz falters this year, they can promote Greg Dobbs to starter and this deal will pay him less in 2010 than he would have gotten in arbitration if he was a starter for most of 2009.

9) Signed Cole Hamels to three-year deal:

This was one of several deals that took advantage of the fact that a number of players in that pile on the mound at Citizen’s Bank Park on October 29, 2008, wanted to keep playing with those same guys in the pile with them.  Hamels signed far below market value.  The deal was worth $20.5MM, but many estimated that if he had gone to arbitration for each of those three years would be worth $30-40MM combined.  That is huge savings, and is buys them a free year of Raul Ibanez, even if that deal was a mistake.  This is the kind of deal that gives them the money to add 2-4 wins to their team later on, and that is a big deal.

10) Signed Ryan Madson to three-year deal:

No bullpen puts up two straight seasons like the Phillies did last year, and every indication is that the homeruns per flyball that the bullpen surrendered last year simply is unlikely to be repeated.  However, Ryan Madson was a year away from free agency and his agent was Scott Boras.  Outside of Brad Lidge, Ryan Madson is the best pitcher in the bullpen and this was a fair market deal for him.  Adding a solid right-handed set up man for 2010 and 2011 is a smart move, given how the team is positioned to win in 2010 and 2011.

11) Signed Shane Victorino, Joe Blanton, and Chad Durbin to one-year deals:

There is nothing wrong with avoiding arbitration.

12) Signed Jayson Werth to a two-year deal:

I would have actually liked to see a three-year deal, seeing as this team is positioned to win in 2009-2011 (with Howard, Rollins, Victorino, Lidge, and now Madson all scheduled to be free agents), but Werth is the necessary right-handed hitter that mashes lefties and would be in too good of a bargaining position if they let him through.

13) Signed Ryan Howard to three-year deal:

This was worth $54MM, which is safely at or below his market value.  Unfortunately, the team lost in arbitration in 2008, which left them unable to pay Howard significantly below his free agent market value for 2009-2011, but given what was done, Howard at a reasonably rate for his abilities and no more hassle to go to arbitration with him every year is a good deal.

14) Released Adam Eaton:

Do I need to explain the logic behind this one?

15) Optioned Kyle Kendrick and Lou Marson; Reassigned Donald to Minor League camp:

Kyle Kendrick clearly did not have it.  His 2007 was based entirely on an unsustainably different .873 OPS against with bases empty and .637 OPS against with men on.  That is not a normal skill that holds up, and it’s good that he can work on a changeup in AAA.  Lou Marson and Jason Donald are young players and bringing them up in 2009 and having them reach free agency after 2014 is probably not as valuable as bringing them both up in 2010 to starting positions and reaching free agency after 2015.  In other words, Marson and Donald in the starting lineup in 2015 is worth more than them on the bench in 2009.

16) Traded Ronny Paulino for Jack Taschner:

Paulino was better than Jaramillo, but he did not turn up to be better than the current backup catcher in Coste.  Taschner has a better K/BB ratio against left-handed hitters than every reliever on the team other than Lidge and Madson; in fact, even more than Romero and Eyre.

17) Released Marcus Giles:

Worth a shot, but it didn’t work.

18) Optioned Mayberry, reassigned Carrasco to Minor League camp:

Better to let them get playing time.

19) Released Geoff Jenkins:

The money was a sunk cost, and the team felt Stairs had a better shot at staying useful than Jenkins.  That is a scouting decision, and it is tough to know.  I will always root for Matt Stairs in this situation anyway.

20) Picked Chan Ho Park as 5th starter:

Clearly, this is a decision I agreed with given my article from the other day.


In addition to these moves, the medical staff under Amaro’s watched has successfully managed Utley’s return, Feliz’s return, and taken good care of Hamels so that he did not hurt himself when his elbow became sore, and even ordered a second MRI for him to make sure he was okay.

All in all, the Ibanez/Burrell move was questionable, but each of these 20 other moves was either neutral or good in my book.  I doubt I will agree with every other move he makes, but this has been a fine off-season and the most prominent move is not always the one to judge him on.  Color me impressed.

 

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I agree with most of this. Two points where I’m less sanguine.

1. Burrell arbitration.

I’ve heard it repeated in many places that since Burrell made $14 million last year he would have been guaranteed $16 million in arbitration, but I do not understand the basis of that statement. I am not familiar with MLB’s arbitration rules – I have heard that there’s a ceiling on the percentage by which a player’s salary can be cut – but it would seem to me that an arbitrator would at least take into account the state of the market at the time of the arbitration. In an alternate universe where we went to arbitration with Burrell, the arbitrator would have made its decision knowing that Bobby Abreu had just signed a $5-6 million contract in the same market – a fact that the Phillies would undoubtedly have hammered home in their presentation. Isn’t the arbitrator’s job to decide which side’s offer is closest to fair market value? Arbitration awards have risen over the years because the market has risen. If the market tanks, then I don’t see why we should assume that arbitration awards will just keep rising anyway.

I guess the best way to test this is to take a look at the arbitration awards that were actually given out this year. Except that I’m not aware of any. Is there a list available somewhere?

2. Golson for Mayberry

Actually, I think reasonable minds could certainly disagree with this trade. I’m going to refer to my comment on this from the time of the trade.

I’m well aware of Golson’s flaws and I don’t really consider myself to be a supporter of his, but for some reason I often find myself defending him anyway because I think the views of his critics tend to be unbalanced. For example, I find that anti-Golsonists who believe that the jury has already come in and that Golson has proved that he’ll never overcome his strike zone judgment issues tend to base those views primarily on Golson’s inability to hit in AA in August 2007 and his inability to hit in MLB in September 2008. No doubt his performance in both those periods was terrible – almost textbook examples of the risks you run by drafting for athletic ability instead of polish. But what this leaves out is the fact that in between August 2007 and September 2008, Golson put on a pretty decent performance for 100 games at the same AA level where he had struggled the previous year. (Not to mention, he did it at age 22.) Also, his walk rate, while still subpar, improved, both in comparison to prior seasons and during the course of that season.

Those are important facts, and they place both August 2007 and September 2008 in a very different light. If he was able to improve his AA performance so dramatically between August 2007 and First Half 2008, then the prospect of him someday doing the same thing at the major league level isn’t unprecedented.

Basically, I don’t see how anyone can look at Golson’s 2008 and say that it nailed his coffin shut. If anything, there’s never been a time for greater hope. Yes he looked awful in his six AB in the majors, but that happens to a lot of guys. I still wouldn’t bet on him making it, but there was certainly a risk involved in trading him for Mayberry, and the deal does not deserve to be labeled a no-brainer.

Also, for whatever it’s worth, Golson hit .348 in spring training this year, in 23 AB. Three doubles and a homer.

by taco pal on Apr 2, 2009 10:32 AM EDT reply actions   0 recs

mayberry jr. stats

3 base knocks and 10 ribbies for mayberry this spring…

by PHIGHTINPHILS on Apr 2, 2009 12:05 PM EDT up reply actions   0 recs

Golson tore it up at Texas camp

not sure where he finished, was batting the best on the team for awhile, including a HR and driving in some key runs.

Yes it is spring training, but the pitchers are trying to make the team and are throwing their best stuff. You cannot judge a rookie coming up in August and getting a couple at bats for a team in a hot pennate race. The opposing pitcher is in top form and the rookie has been polishing the bench with his ass for a week at a time between at-bats.

by hardballman on Apr 3, 2009 8:07 AM EDT up reply actions   0 recs

I was judging Golson mostly on his minor league numbers which don’t seem to indicate he’ll be a star. I recognize he’s athletic enough to come through anyway, but I still think Mayberry is closer to MLB-ready and has the kind of skills that aren’t overvalued like Golson’s speed.

by Matt Swartz on Apr 3, 2009 10:07 AM EDT up reply actions   0 recs

I don’t think it’s correct to say that “the pitchers are trying to make the team and are throwing their best stuff.” Many pitchers aren’t trying to make the team, as they’re already guaranteed spots, so they may be working on specifics moreso than actually getting hitters out. Other pitchers may be actively trying to make the team and throwing the best they can, but these guys are mostly fringe players or they wouldn’t actually be competing for roster spots.

So you have to take Golson’s numbers (as with any player in spring training) with a great big grain of salt.

by phatj on Apr 3, 2009 10:48 AM EDT up reply actions   0 recs

Golson

I don’t think the notion that Golson’s 2008 represents real improvement holds up under closer inspection. His “advances” last year were largely due to a presumably unsustainable BABIP of .441 in April and .452 in May. His walk and K/BB rates in those months were just as awful as ever, 65/13 over 213 AB.

He suffered some sort of injury in June and after coming back he seemed to be somewhat more selective, with a 53/20 K/BB ratio over his final 175 ABs. But that’s still a really, really bad K/BB ratio, and his XBH rate was way down from earlier in the season, so it looks like he just couldn’t swing effectively.

by phatj on Apr 2, 2009 12:05 PM EDT up reply actions   0 recs

arbitration

the rules of arbitration, IIRC, are that you can’t take more than a 20% pay cut (which would still put him at $11.2MM for 1 year which is worse than $16MM for two years), but in practice, they never cut anyone’s salary unless they were injured or something. they are not really based on the market value for the players at all. it’s a very odd process, whereby the argument is generally centered around what kind of raise you should get, rather than what kind of salary you should get.

by Matt Swartz on Apr 2, 2009 12:14 PM EDT up reply actions   0 recs

According to this guy, the 20% rule only applies to arbitration-eligible players who are still under their team’s control, not to free agents who accept offers of arbitration. Also, he says that one of the factors that arbitration panels may consider is “the salaries of comparable players in the player’s service-time class.”

Can’t vouch for the accuracy of any of that, and of course, I understand that just because a panel may do something doesn’t make it likely to happen. What matters most is precedent, but there really is no precedent for what arbitrators do in a tanking economy.

by taco pal on Apr 3, 2009 10:59 AM EDT up reply actions   0 recs

Interesting. I didn’t know that. based on the decisions made around the league, I doubt that there would be any precedent for a 43% paycut for Burrell though.

One thing that I do need to mention is that the effect of the economy on baseball salaries is HUGELY overrated. I did an article on it for another website a couple weeks ago:

http://statspeak.net/2009/03/its-not-the-economy-stupid-matching-theory-and-the-volatile-market-for-hitters.html

In general, while the economy may be holding free agent salaries down a tiny bit, the real decrease came at positions where there was an oversupply. There are about as many openings for pitchers and about as many free agent pitchers every year, and most team’s 5th starters are similar quality. As a result, the pitching market is more stable than the hitting market. This year, the free agent pitching market pretty much stayed constant.

What really took a dive was second base and corner outfield positions that were completely open thanks to a lack of openings on playoff-caliber clubs— for high salaries to happen in what is actually an auction, you need bidding by teams for scarce players. If you go through the actual list of free agents, you’ll see that I’m pretty much right. I titled the article to get some attention— it’s not that the economy has no effect— but it’s just severely overrated.

And that actually makes sense. GDP is going to go down maybe 3% or so this year— that’s income per person going down about 3. Maybe it’s real bad and it’s 5, but there is simply no reason why free agent salaries in baseball would go down 20% seeing as baseball as an industry is pretty recession proof. There’s no reason why it would drop new salaries down by a factor of 13x what the average salary went down by. Read the article, if you’re interested.

My general point is that the consensus among teams is pretty much that Burrell was not going to get the $9-10MM that would have made him more valuable on a 1-year deal than his 2-year/$16MM deal he signed with the Rays.

by Matt Swartz on Apr 3, 2009 11:25 AM EDT up reply actions   0 recs

Understood. I think, rather than saying tanking economy, I should have said tanking market. Whatever the reasons may be for the drop in salaries for corner OFs, it seems to me that the important thing here is just that the drop happened, given that that’s what Burrell is, a corner OF.

Anyway, I agree that even with changed circumstances, no arbitrator would have been adventurous enough to give Burrell enough of a pay cut to make its value for us comparable to the value the Rays got on the two-year contract that he ultimately signed. But I think the question is, what’s the cutoff at which Burrell’s one-year contract would have been worth it for us in absolute terms? Certainly if he would have gotten $11 million in arbitration (about a 20% pay cut), then it would have been worth it since we ended up signing Ibanez for three years at the same yearly rate, plus with the loss of a pick. I think even a pay freeze at $14 million would have been arguable, since we still would have kept our pick, and since we might have been able to replace Burrell with a low-paid rookie in the second year. I don’t know if I’m articulating my point very well, but hopefully that makes sense.

by taco pal on Apr 3, 2009 12:13 PM EDT up reply actions   0 recs

yeah, fair enough. i do think he’d have gotten $15-16MM, but i understand what you mean about burrell on a 1-year deal vs. ibanez on a 3-year deal. definitely based on the information that i have available to me as a fan, i prefer burrell to ibanez. but the general move of “sign an above average LF since that will add more revenue than cost, and give the team the most flexibility to add a player midseason to improve the team” is a good one. ibanez vs. burrell might have been a wrong choice, but the more important thing was that they added an above average player at the position where they had the lowest replacement level and the least talent in the high minors was smart. adding a free agent pitcher might have been okay, except for the fact that it tied their hands to whether a LF would be available at the trade deadline. getting a pitcher at the trade deadline is easy because there is just more supply.

by Matt Swartz on Apr 3, 2009 12:36 PM EDT up reply actions   0 recs

I agree with most of Matt’s point-by-point evaluations, but I’m not sure the overall thumbs-up grade for Amaro is merited. The best things he did, IMO, were the deals for Howard, Hamels, and Werth, and on all of these he had the big advantages of “the pile” (nicely put, btw) and an economic climate that had to spook all those guys a little.

Otherwise, I agree with the assessment of the little moves that amounted to dumpster diving or bargain-bin shopping; most of them didn’t pan out, but that’s always the case.

And I’m probably closer to Matt than tp on the Mayberry/Golson trade, not because I think Golson is a hopeless cause—tp’s analysis is right on—but because Mayberry offers a higher likelihood of providing short-term value. As Matt points out, 2009-2011 is the horizon for this nucleus of players to make another run. Mayberry fits the likely need in that context to a greater extent than does Golson.

by dajafi on Apr 2, 2009 12:03 PM EDT reply actions   0 recs

"The pile"

I’m not so sure I buy the argument that “the pile” affected those contracts. I think all three of them have serious injury/future health issues. I imagine that both sides have employed actuaries who give them a very precise analysis of the likelihood that their client/their employee will play X number of games this year, versus Y games this year, versus 0 games this year, versus 0 games ever again, etc. From that, you attach dollar amounts for performance based on those levels of playing time in the future and you come to an answer.

I think Cole’s contract is not a discount, but also not too expensive. He is a SERIOUS injury risk. His people know that, as did the Phillies. But he’s also a SERIOUS risk to be one of the best pitchers in baseball. He knows that, so do the Phillies. So they make a compromise. Same story with Werth, although not about being one of the best players in baseball, but being a very good one.

Howard is a little different, but not so different. His people must know that his body type is a serious problem going forward. It’s very possible that he falls off a cliff in two years. Probably not likely, but possible. So they grab the money now rather than seek some contract based on what he has done so far.

I just don’t see “the pile” entering into what are very rational economic decisions from both sides in all of these cases.

by David S. Cohen on Apr 2, 2009 12:17 PM EDT reply actions   0 recs

I do agree that most of these are rational economic agents making decisions. However, rationality does not ignore non-monetary compensation and having a set of co-workers that you enjoy working with is clearly something that rational agents consider.

Obviously, the injury risk plays in it, but I think that he was probably going to get about $5.5MM in arbitration and if he was healthy this year, another $8MM next year. Even if he got hurt in 2010, they would still offer him arbitration for 2011, and he wouldn’t get a pay cut. And so that would be another $8MM, making the three-year deal worth $21.5MM even if he was definitely going to need Tommy John surgery in April 2010. My initial estimates were about $28-29MM for three years, but other people I’ve seen have calculated it as high as $40MM. I think mine takes injury risk into account better, but it’s still a pretty good deal.

by Matt Swartz on Apr 2, 2009 12:23 PM EDT up reply actions   0 recs

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