Friday, January 31, 2025

Newsletter Excerpt, January 31, 2025 -- "Breaking Even and the Cubs"

 

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Solve for X, and the big trade ended up being Isaac Paredes and Cody Bellinger for Kyle Tucker and about $20 million in the short term, 2024 first-rounder Cam Smith. It made the Cubs a little better, but not by as much as it would have had they held Bellinger. Depending on your preferred projection system, the trade could be a baseball wash or worse; it hinges a lot on whether you think rookie Matt Shaw steps in and immediately becomes a two- to three-win player while still learning third base. The Cubs have never had a problem relying too much on rookie third basemen with short names, right?

I reject the argument that Bellinger had no place to play. He would have been the main backup at five spots -- across the outfield, first base, and DH -- giving the Cubs six players for those five spots. The chance that the top five guys at those positions play 155 games each is pretty much zero. Bellinger would also have served as insurance against Pete Crow-Armstrong not hitting. I think you can defend trading Bellinger, you just can’t defend trading him for Cody Poteet to save money.
 
 
 

Thursday, January 30, 2025

Newsletter Excerpt, January 30, 2025 -- "Ha-Seong Kim and the Rays"

 

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The X factor for the Rays is the move to Steinbrenner Field. Hurricane Milton ripped the roof off Tropicana Field and rendered it unplayable for at least a year. The team will play home games in 2025 in what has been the home of the Yankees’ A-ball affiliate. That’s a move from the second-worst hitters’ park in the majors to what was an average park for hitters in the Florida State League. The shape of offense at the new yard, though, is what’s interesting; Steinbrenner Field, per Baseball America’s Matt Eddy, was an incredible park for lefty power, with one of the highest home-run park factors for lefties in all of pro ball.
 
 
 
 

Tuesday, January 28, 2025

Newsletter Excerpt, January 28, 2025 -- "Payroll Cap"

 

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A salary cap -- what I call a payroll cap and what is more accurately described as a payroll band -- is the Holy Grail for owners in major sports leagues. It’s an agreement to only spend so much on talent, to limit teams’ competition for players. In the NFL, NBA and NHL, the owners have the upper hand on largely impotent players’ unions, and can all but dictate terms of those leagues’ bargaining agreements. That MLB does not have a cap is mostly a reflection of its union, even in a lessened state, still being intact rather than broken by scabs and lockouts. The quotes above make a point that I and many others have made for years: Payroll caps are big wins for owners and losses for players.


Saturday, January 25, 2025

Newsletter Excerpt, January 25, 2025 -- "Blatant Engagement Bait"

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5. Arizona Diamondbacks. They won 89 games last year with a third-order record of 87-75, and they signed one of the best starters on the market. I think they’ll be better with Josh Naylor replacing Christian Walker, and they have good depth across the roster. We’ll see what they can get in a Jordan Montgomery deal.
 
 

 

Friday, January 24, 2025

Newsletter Excerpt, January 24, 2025 -- "Jurickson Profar and the Braves"

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What might make this uptick different is the underlying batted-ball quality. Profar set career highs in all the Statcast categories, with peaks in barrels, barrel rate, and average exit velocity. His actual and batted-ball expected wOBA were identical. He did all this while sustaining some of the best plate discipline in the game, with a 15% strikeout rate and 10% walk rate. I admittedly spent the year waiting for the bottom to fall out, and while there was some loss in the second half, it was entirely BABIP-driven; the skill changes held.

Thursday, January 23, 2025

Newsletter Excerpt, January 23, 2025 -- "Roki Sasaki and the Six"

 

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The deGrom comp, however, applies to more than just Sasaki’s stat line. He’s topped out at 129 1/3 innings pitched in any year, and just 91 and 111 in 2023 and 2024. Sasaki missed time with a shoulder strain in ’23 and a couple of months last year with an oblique strain. He’s not an imposing physical specimen, seeming to max out his effort to generate the velocity he does. Until we see otherwise, Sasaki gets a prominent place on the “great or unavailable” list, and there’s certainly medium-term reliever risk here. I’d go further than that and suggest that Sasaki is more likely to save 100 games in the majors than win 100.
 
 

Wednesday, January 22, 2025

Joe Sheehan Newsletter, January 22, 2025 -- "The Honorees"

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The Joe Sheehan Newsletter: The Honorees
Vol. 16, No. 142
January 22, 2025

The thing about Ichiro Suzuki, who is now a Hall of Famer, is that it was hardly certain to go this way. In 2001, he became the first position player to make the move from Nippon Professional Baseball to MLB. Six years prior Hideo Nomo had made it clear that Japan’s best pitchers could hold their own, but there was real doubt about whether NPB’s hitters could. Before there was Hideki Matsui, before there was Shohei Ohtani, there was Ichiro. 

His popularity was tied to his style of play, which stood out in the power-soaked game of 2001. Ichiro hit just eight homers as a rookie, had an isolated power of 107, walked just 30 times...and none of it mattered. He hit .350 that year and stole 56 bases, showing bat control like something out of the Deadball Era. He was the best defensive right fielder in the game on arrival, with one of the best right-field arms in the sport’s history. Arriving mid-career, he racked up most of a Hall of Fame resumé in just ten seasons, then spent a few more years as a credible fourth outfielder, eventually picking up his 3000th MLB hit in 2016.

In some ways, Ichiro’s arc resembled that of another great leadoff man, Rickey Henderson. Ichiro was better loved during his playing days, but it was only later in his career that his personality became well known, with Ichiro stories lining up the same way Rickey ones have. Ichiro was funny and profane, dedicated to his craft and just as dedicated to making his teammates laugh. Like Rickey, Ichiro couldn’t let go of the game. He played in the majors until he was 45, then showed up a couple of years ago to pitch -- yes, pitch -- against a team of young women at 50.

We can’t hit like Ichiro, can’t throw or run like him. What we have in common with the legend, though, is that passion for baseball. Ichiro was one of a kind, and yet he was one of us.

-

CC Sabathia, with three months to free agency in 2008, was traded by the Indians to the Brewers just before the All-Star break. When I look back at his time in Milwaukee, I’m struck by the way they didn’t mess around with him out of the gate.

Sabathia made his Brewers debut July 8, going six innings in a 7-3 Brewers win. They brought him back on four days’ rest the last day before the All-Star Game, and with Sabathia not invited to New York for the Midsummer Classic, slotted him to start their very next game, on four days’ rest, in San Francisco. He joined the Brewers and started three of the team’s next six games. He’d end his time in Milwaukee throwing a whopping 130 2/3 innings in 17 starts, earning Cy Young and MVP votes in a league he was just visiting. The Brewers, who hadn’t played a playoff game since 1982, won the NL’s wild card thanks in no small part to Sabathia’s left arm. 

That run came amid a three-year stretch in which Sabathia went from a vaguely disappointing mid-rotation starter to a potential Hall of Famer. Sabathia won the AL Cy Young Award in 2007, became a Brewers legend in 2008, then pitched the Yankees to a title in 2009, with two quality starts in the Series against the Phillies. Sabathia would extend that peak for a few years, then lose his effectiveness as he struggled with a knee injury in 2014, and then alcohol abuse in 2015, eventually leaving the Yankees towards the end of the latter season. He returned to finish out his career in New York, and in some ways was more popular in the Bronx in his later seasons than he was before, despite being diminished as a pitcher.

Sabathia’s arc reminds us that we’re not just who we are in our worst moments, that it is possible to step back from the abyss rather than fall into it. That Sabathia had 519 strikeouts and eight WAR after his own worst moments means less than that he was able to pitch, and be a husband, father, and friend, at all.

Sabathia goes into the Hall third in strikeouts in this century, first in innings, first in starts, second in complete games, second in shutouts. He’s sixth in bWAR behind one Hall of Famer and four others he’ll be sharing a dais with down the road. He put up less than 10% of that figure in one glorious Milwaukee summer, but he’s a Wisconsin legend forever.

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We’re bored by ridiculous strikeout totals these days, with the average leverage reliever striking out 30% of the batters he faces and the best ones around 50%. The numbers don’t mean anything any more. A Josh Hader or Craig Kimbrel or Felix Bautista comes along every couple of years and treats hitters the way Bob Nutting treats Pirates fans. 

So you have to think back a bit to what it was like when Billy Wagner broke into the majors. Before Wagner established himself in 1996, the highest strikeout rate ever recorded was 38.5%, by Rob Dibble. Dibble was over 35% for every one of four years from 1989-92, an absolute freak in his time. Just one other pitcher, Tom Henke, had posted better than 35% in any season. There had been just 23 pitcher-seasons, ever, with at least a 30% strikeout rate (min. 60 IP).

This is what the top of the K% leaderboard looked like after 1995...

Rob Dibble       1992   38.5%
Rob Dibble       1991   37.1%
Rob Dibble       1990   35.4%
Yom Henke        1987   35.3%
Rob Dibble       1989   35.2%


...and this is what it looked like just four years later:

Billy Wagner     1999   43.4%
Armando Benitez  1999   41.0%
Billy Wagner     1998   39.3%
Rob Dibble       1992   38.5%  
Billy Wagner     1997   38.3%


In all of baseball history through 1996, one pitcher had struck out 38% of the batters he faced in a season. Wagner did it in 1997, 1998, and 1999, and set a new all-time mark the last two years, including an unheard of 43% strikeout rate in ’99.

Why are we talking about Wagner today rather than Dibble or Tom Henke or Armando Benitez? Longevity. Wagner would pitch for 11 seasons past the end of that chart, and while he rarely hit that peak again, he struck out 31% of the batters he faced over the rest of his career. Wagner finished with a 2.61 ERA and 1196 strikeouts, the latter figure ninth all-time among primary relievers, and fourth among pitchers with fewer than 1000 innings pitched.

Wagner represented an evolutionary step forward in what pitchers could do, how dominant they could be. Others would come along later and raise the bar even higher, but it was Wagner, for three seasons at the end of the 1990s, who reset the scale for dominant relief pitching. 


Friday, January 17, 2025

Newsletter Excerpt, January 17, 2025 -- "The '93 Expansion Teams"

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It feels strange to praise the Rockies for anything, but they have done a pretty good job in recent seasons of burping up major league position players. Ezequiel Tovar and Brenton Doyle are good to plus defenders with middling bats, joining Ryan McMahon and the since non-tendered Brendan Rodgers also fitting that description. It is not easy to have a good defensive team playing at altitude, but the Rockies were 11th in Outs Above Average. There are similarities to the 2017-18 playoff teams that were also good defensively thanks to a homegrown core. Throw in a lot of average and average-minus starting pitchers, and across a decade or so, the Rockies have produced more players than you might think.
 

 

Wednesday, January 15, 2025

Newsletter Excerpt, January 15, 2025 -- "...From Inside the House"

 

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MLB player development staffs have been trapped in a downward spiral for decades. Go back to the 1980s and 1990s, and there really was a problem of pitchers asked to do too much at young ages and being broken in the process. MLB stopped doing that, but they overlearned the lesson. Pitchers got hurt, so the teams pitched them less, and they still got hurt, so they pitched them less, and they still got hurt...and now you have the next generation of starters averaging five innings a start and 100 innings a season, while the execs glare angrily at the Edgertronic in the corner. 

Tuesday, January 14, 2025

Newsletter Excerpt, January 14, 2024 -- "Glossary/Terms of Service"

 

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The important thing to note here is this: Don’t use per-nine-innings or per-inning stats. Good statistics measure performance in the context of opportunity. Every batter faced presents an opportunity for a strikeout. Using innings as a denominator turns batters that get hits or draw walks into null events, when instead they should count against a pitcher. Always use percentage stats, not stats per some timeframe. (I usually tease intentional walks out of the walks and the batters-faced numbers, but that’s less of an issue in modern baseball as intentional-walk rates drop, in the full-DH era, to nearly nothing.)
 
 

Monday, January 13, 2025

Newsletter Excerpt, January 13, 2025 -- "Minnesota Ice"

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It’s still possible for the Twins to make a move. Tanner Scott would fit well here, and there’s an argument that if the demand for Anthony Santander or Pete Alonso continues to be limited, the Twins should be in on one of them as a much-needed power source. Remember, that’s how Carlos Correa landed here, after Correa’s market collapsed in a hail of failed physicals. The Twins are in a spot where a two-win improvement will have an outsized impact on their playoff hopes, and you can pay for a mid-tier free agent with two home playoff games. Even a new owner should understand that math.
 
 

 

Friday, January 10, 2025

Joe Sheehan Newsletter, January 10, 2025 -- Penny Wise, $2.5 Million Foolish

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The Joe Sheehan Newsletter: Penny Wise, $2.5 Million Foolish
Vol. 16, No. 137
January 10, 2025

Yesterday was the deadline for teams and players to swap figures for arbitration. This always leads to a spate of one-year contract agreements. Arbitration isn’t about the process itself. It’s about forcing both sides to negotiate. Nevertheless, in 17 cases, the team and player couldn’t agree on a deal. The filing figures make it clear how little ground there is between the sides in so many of these disputes. Of the 17 disagreements, 11 have spreads of less than a half a million dollars, with Luis Rengifo filing at just $150,000 more than the Angels did. 

The biggest gap is between Kyle Tucker and the Cubs. Tucker, coming off an injury-riddled season, filed at just $17.5 million, while the Cubs offered $15 million. Tucker was worth almost five wins in half a season last year, and has been worth five to six wins in each of his three full seasons. On the market, he’d approach a salary of $50 million a year on a long-term deal.

Here’s a longish excerpt, from early 2023, about how I feel about this situation in general.

A few weeks back, a subscriber reached out on Twitter to ask my opinion of the Brewers’ roughing up Corbin Burnes in the player’s arbitration hearing. Burnes was explicit afterward:

"There's no denying that the relationship is definitely hurt from what [transpired] over the last couple weeks. There's really no way of getting around that."

I don’t doubt that Burnes’s feelings were hurt in the room, where the Brewers painted his ace-like performance for them in 2022 -- 2.94 ERA in 202 innings, 4 bWAR, some downballot Cy Young votes -- in the worst light possible as a means of saving $740,000 in salary. While the arbitration process is a net good for baseball, eliminating holdouts and forcing both sides to present reasonable demands, the hearings themselves are contentious. With most teams now taking the position that they won’t negotiate after figures are exchanged, a practice known as “file and trial,” their hardline stance naturally extends to the hearing room.

Where I differ from many is in thinking that there are ramifications to these interactions. Plenty of players have been stung by what they’ve heard in arbitration, then gone on to play well and even stay with their teams in the long term. Corbin Burnes doesn’t play for the executives of the Brewers, he plays for himself and his family and his teammates and Brewers fans, he plays to win championships and make money. He’s a professional, and I do not see any way he’ll be less professional because he got dunked on in a conference room.

Moreover, I don’t anticipate any long-term effects. Burnes won’t be a free agent until after the 2024 season, and if the Brewers make him a market-value offer to stay past that, he’ll probably accept it, because the math of “stay healthy for another 400 innings” is worse than “stay mad for another two years.” The Brewers didn’t burn any chance to get Burnes for less than that because the concept of the “hometown discount” is nonsense. Corbin Burnes is from California, not Wisconsin, and calls Milwaukee home now because the Brewers were the only team that he was allowed to negotiate with out of college. “Drafttown discount” is what we’re talking about here. “Carteltown discount.”

Burnes would have a good season for the Brewers before being traded to the Orioles, so we don’t know how Milwaukee's attempt to sign him to an extension would have played out. Still, over time, I don’t see much evidence that playing hardball with a young player changes a team’s chance of retaining him in the long term. 

The Cubs, though, are in a much different situation with Tucker. They have no relationship with him, and they’re introducing themselves by haggling over whether to underpay Tucker by 60% or 65%. They are already getting him for 2025 at a steep discount from what his talent and performance warrant after Tucker missed three months last season with a broken shin. Rather than accept this gift, they’re squabbling over nickels and setting themselves up to start this relationship in a conference room where they will talk about the reasons Kyle Tucker isn’t worth what he wants to be paid.

Moreover, they’re doing this when Tucker’s decision on whether he wants to stay with the Cubs isn’t some abstraction -- it’s right around the corner. When a team does this with a pre-arb player, I think “time heals all wounds.” With Tucker, there’s not going to be enough time for healing; he will become a free agent about eight months after his arbitration hearing. Time, in this case, will wound all heels. Whatever the Cubs’ chances of getting Tucker to sign a long-term deal are, they can’t be helped by their efforts to fight him for $2.5 million right out of the gate.

What makes this more exasperating is that the Cubs have already, in the sequence that led to this moment, shaved an incredible amount off their payroll. By effectively trading Cody Bellinger and Isaac Paredes for Tucker, they knocked about $12 million off the 2025 payroll. Overall, the Cubs’ projected 2025 cash payroll is $47 million less than the 2024 payroll. They’re going to battle with Tucker before ever seeing him in a Cubs uniform over about 1.5% of the payroll, about 0.5% of the team’s revenue. 

Some defended the Bellinger trade, which was a joke from a baseball standpoint, with the claim that the Cubs would use the money they would have paid Bellinger on other players. That was always stupid because the Chicago Cubs have no reason to economize; this roster with Bellinger would still be $40 million below the first tax threshold.

More relevant, though, was that there was no reasonable place to spend the money unless they signed Burnes. If you look at the free-agent market today, the best available player is Alex Bregman, and the Cubs can’t sign him without perma-blocking Matt Shaw, given the contract Nico Hoerner has. Then it’s a fall-off to a bunch of #3 starters and #5 hitters with terrible risk profiles. The last free agent the Cubs could really use is Tanner Scott, who will probably make about $15 million a year on his next deal. 

Can they trade for an expensive player? Dylan Cease, the best starting pitcher rumored to be available, just settled for $13.8 million with the Padres. You didn’t need to trade Bellinger to add that. It doesn’t look like the Astros will trade Framber Valdez now, and he’s also not terribly expensive. Luis Castillo is the most expensive starter available at about $23 million a year. The Cubs match up pretty well with the Padres and Mariners, who both need hitters. None of these pitchers, though, would be burdens on the payroll.

The Cubs going to the mattresses with Kyle Tucker for the right to underpay him by just a little more underlines that their entire winter hasn’t been about getting better, but about getting less expensive. The Cubs’ projected payroll is 13th in MLB, and there aren’t good ways for it to go much higher. We’re not going to do the breakdown today, but for that money they have a miserable bench, are relying on a rookie to take over at third base (backed up by a Rule 5 pick who has never played above Double-A), a sophomore whose hit tool is a question mark in center, a double-play combination coming off surgeries, and a #4 starter who hasn’t thrown 80 innings in a season since 2019. 

This isn’t a serious franchise any longer. Maybe it’s best for Kyle Tucker that he’s learned that as quickly as possible.

 

Thursday, January 9, 2025

Newsletter Excerpt, January 9, 2025 -- "Mailbag"

This is a preview of the Joe Sheehan Baseball Newsletter, an e-mail newsletter about all things baseball, featuring analysis and opinion about the game on and off the field from the perspective of the informed outsider.

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My real fear is that the MLB response to the collapse of the RSN model is going to be to try and sell as many playoff games as possible and we end up with a two-month, 20-team playoff that airs on five streaming services and three linear channels. Anything to grab that national-TV money. At this point, they should just cut the regular season to 130 games, since those of us who love regular season baseball have lost that fight…

-- Adam K.

Well, I am certain we’re going to 14 playoff teams in 2027 and then 16 after a theoretical expansion in the 2030s. I am horrified by a 105-57 team being shoved into a best-of-three against a 79-83 team, but our sport is run by people who simply don’t understand baseball. They think it’s the NBA.

Your last point is the right one. They talk about slicing a week off the season, but if you’re going to have half the league make the playoffs, a 162-game, or 154-game, season is just dumb. Cut to five months, get the playoffs started in September, and limit the overlap with the NFL. You dump a lot of low-value inventory in March, April, and September this way. The owners will argue it’s a 20% cut in revenue but I doubt it’s even half that.

--J.
 
 
 

 

Tuesday, January 7, 2025

Newsletter Excerpt, January 7, 2024 -- "Gavin Lux and the Reds"

 

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The Reds spent money last winter, winning with Nick Martinez and losing, as predicted, with Pagan and Jeimer Candelario. Those two are set to combine for about 25% of the Reds’ cash payroll and, just using FanGraphs here, one fWAR. The mistakes of one winter will be paid for across two seasons. The Reds could use that $25 million on better players, and not being able to do so could be very costly in a season when their core is ready to win.

Sunday, January 5, 2025

Newsletter Excerpt, January 5, 2024 -- "Sneaking In the White Sox"

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The Sox should throw some 1/12 or 2/25 with a player option deals at the Kyle Gibson class to bolster the back end of this group. It’s a bit like the team OBP; when all you have is #7 starters, #5s make you better. They’d certainly give Venable a fighting chance in his rookie campaign. If you ask him to get 16 outs a night from the bullpen, he and his relievers will be dead by the break. Trade nothing for Marcus Stroman’s contract. Take Jordan Montgomery’s money and hope he’s a trade asset in July. Just add starts and innings from somewhere. It’s not about the wins, it’s about the workload.
 
 

 

Friday, January 3, 2025

Newsletter Excerpt, January 3, 2025 -- "Optimism and the...A's?"

This is a preview of the Joe Sheehan Baseball Newsletter, an e-mail newsletter about all things baseball, featuring analysis and opinion about the game on and off the field from the perspective of the informed outsider.

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Building a bullpen is the final thing a rebuilding team should work on, but when you look at the middle tier of the American League and see how weak the playoff field was in 2024, you start to think the A’s should make an effort here. They do not have a good pen past Miller, and you might be able to collect 150-200 good innings on one-year deals for not a lot of money. David Robertson is out there, Tommy Kahnle, Chris Martin, Kyle Finnegan...it’s a buyer’s market even past the top tier.

I keep emphasizing how the A’s could improve because they’re closer to relevance than it seems. Of the six AL playoff teams last year, none have gotten a lot better and some seem unaware that they are allowed to do so. Within the AL West, the Rangers, Mariners, and Astros are running in place or standing still. If the season started today, I’d probably pick the A’s to finish fourth, but their roster weaknesses -- pitching depth, mostly -- match up well with the remaining free-agent talent, and they have some money to burn. The A’s are a handful of good pickups from being 2025’s version of the Royals and Tigers.