Monday, December 30, 2024

Newsletter Excerpt, December 30, 2024 -- "Corbin Burnes to the Diamondbacks"

 

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I have written many times about my respect for the management team of GM Mike Hazen and manager Torey Lovullo. I’ve never really considered D’backs owner Ken Kendrick on that same level. Kendrick has mostly been on my radar as the guy arguing for public money to upgrade Chase Field and lightly threatening to relocate the team if he doesn’t get it. Kendrick has, however, mostly kept his team’s payroll ranking at or above the level of his team’s market score (18th in the current CBA). He authorized a top-15 payroll last year, including those Rodriguez and Montgomery contracts, even knowing his team wouldn’t have a local-TV deal, and has followed up now with the Burnes signing. The Burnes contract is the largest commitment made this winter by any team with an uncertain local-TV situation. In a moment when so many owners are sitting on their hands, and many have at least some argument for doing so, Kendrick is writing big checks.
 
 

Friday, December 27, 2024

Newsletter Excerpt, December 27, 2024 -- "Downsizing and the Astros"

 

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The Astros have just six non-right-handed batters on their 40-man roster, and four of them are older players or non-prospects who have never shown they can hit in the majors. Victor Caratini is probably their second-best hitter from the left side. This plan worked when it involved the Killer Bs, but the level of talent among this team’s right-handed hitters isn’t quite there. With Tucker missing half the year, Alvarez drew a career high 16 intentional walks, and he will double that figure with Walker or Paredes or Yainer Diaz behind him all year. 

Thursday, December 26, 2024

Newsletter Excerpt, December 26, 2024 -- "Opportunity"

 

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Applied to baseball, lowering payroll to account for the loss of RSN money just creates a vicious cycle. Teams need to get fans excited in the offseason so that they’ll buy tickets, Teams need to win games in the season to keep them buying tickets. The constant is “buying tickets,” and for a third of the league -- and maybe two-thirds soon enough -- buying subscriptions. We’re about to learn whether these teams understand that paying good baseball players is an investment in the business that returns revenue, rather than merely a cost. To make money, they’re going to have to earn it by being good and getting people to buy the product, just like the Giants had to in 1911 and the Cardinals had to in 1936 and the Braves had to in 1961. It’s the return of competition, of re-connecting winning to profits, of making these teams eat what they kill. It’s the end of baseball as programming, the return of baseball as product.

If we’re lucky, it will mean the death of “markets” and a return to “cities,” where what matters isn’t getting a cable distributor two states away to buy the rights to air FanDuel Whatever, but getting the family two blocks away to come to the yard on Sunday, and have enough fun to do it again next Sunday.

 
 
 

Tuesday, December 24, 2024

Newsletter Excerpt, December 24, 2024 -- "Rising Rangers"

 

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Atop the list, as expected, are the Texas Rangers. The 2023 champions had an injury- and underperformance-plagued year. After a 22-16 start, they lost 12 of 14 in late May and slipped under .500 for good on May 21. A 12-15 August ended their hopes of winning a weak AL West. Corey Seager, Evan Carter, and Wyatt Langford, projected to be the core of the offense, missed 184 games among them. Jacob deGrom and Max Scherzer combined for 12 starts and 54 innings. The Rangers ended up in the bottom ten in wRC+, starters’ FIP, and relievers’ FIP. Sometimes, you just have a year.

The Rangers, though, still have the core of that title team from ’24. They can reasonably project more innings and possibly a full healthy season from deGrom. That alone could be worth six or seven wins above 2024.
 
 

Saturday, December 21, 2024

Newsletter Excerpt, December 21, 2024 -- "Finding the Risers"

 

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The Nationals’ young talent makes their ongoing unwillingness to go into the free-agent market frustrating. They had a 74-win roster last year, one that has a core of five players 26 and under (Wood, Crews, CJ Abrams, Luis Garcia, and MacKenzie Gore) and one of the lowest payrolls in the game. This is the moment to spend money to get better, and whether a Lerner family decision or a Mike Rizzo one, they have simply stopped trying. Signing Mike Soroka, a fifth starter, for $9 million has been their only move this winter.

If they had shown any life at all, I’d have been all over the Nationals as next year’s surprise team. As it stands, I have a hard time caring more about the team’s playoff chances than its owners do.
 

Newsletter Excerpt, December 19, 2024 -- "Mailbag"

 

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Now that the Cubs have finally acquired a five-WAR player, what should Jed Hoyer do next?

--Rich J.

Trade a three-win player for air. That’s definitely the play.

The Kyle Tucker trade looks worse when you add Cody Bellinger to the package traded away. This now goes from a clear win to, in WAR terms, damned near a push. They upgraded from Bellinger to Tucker at a cost of Isaac Paredes and a top prospect. I’d probably still rather have Tucker, but the Cubs just aren’t all that much better today than they were prior to this sequence.

I’ve seen a few defenses of this payroll dump, and they’re terrible. One simply buys into the myth that the Chicago Freaking Cubs “had” to trade Bellinger to “afford” other things. Please just don’t, OK? It’s simply not true. Do you know what happens if the Cubs keep Cody Bellinger? Nothing happens. No one misses a meal. No one loses a home. No one has to drop out of college to work at the farm. It’s a paper loss for a business that’s worth $5 billion. 

Moreover, there’s no viable place for the Cubs to spend that “savings” other than on Corbin Burnes. If they sign Burnes, it was a bad idea to trade Cody Bellinger. If they don’t sign Burnes, it was a hideous idea. There’s nobody else better than a #3 starter on the market.

The other defense is that the Cubs, after acquiring Tucker, had a roster logjam. This is true, they effectively had six players for five spots across the outfield, DH, and first base, with a couple of the team’s best prospects also outfielders. That’s an argument for trading Bellinger for a comparable starting pitcher, or catcher, or third baseman, or even a package of prospects. It’s not an argument for trading him for a 30-year-old with 83 career major-league innings.

Besides, roster logjams of this size are almost always resolved by injuries or underperformance. Seiya Suzuki misses 30 games a year. Kyle Tucker missed half the season in 2024. Pete Crow-Armstrong could easily hit his way back to Triple-A.

Trading Cody Bellinger for nothing isn’t a baseball decision. It’s a decision that made Tom Ricketts $25 million more wealthy. There’s no defense for it.

--J.
 
 
 

Tuesday, December 17, 2024

Newsletter Excerpt, December 17, 2024 -- "Winter Meetings Catch-All, Pt. 3 -- Left on the Shelf"

 

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There is no player we’ve talked about more on Slack than Pete Alonso (Law #14). We have a lot of Mets fans and specifically Alonso fans in there, so the debates about what the Mets should do with him, and what his actual value is, have been fierce.

Alonso hits all my stathead buttons, as a 30-year-old whose game is built around old players’ skills and who has no room to move down the defensive spectrum. At 28 and 29 he hit .229/.324/.480 for a 123 OPS+ and three wins a year, and he really has no room to decline from there while still being worth a free-agent deal. Alonso is worth more to the Mets than he is to any other team -- he’s incredibly popular -- but the Mets have Mark Vientos ready to slide to first base and a bunch of infielders -- Brett Baty, Ronny Mauricio, Jett Williams, Luisangel Acuña -- pushing for spots on the roster. He’s going to cost a new team a draft pick, and his profile is made up almost entirely of collapse risk. 

If I’m the Mets, I probably see if there’s some 2/50 deal available. There’s value in keeping Alonso, though post-Soto the Mets probably have some goodwill to burn. With only about a third of the league competing for free agents, Alonso might get to March and be the odd man out. My Jake Burger comparison wasn’t an attempt to be mean -- Alonso’s skill set just isn’t very hard to find.
 
 

Monday, December 16, 2024

Newsletter Excerpt, December 16, 2024 -- "Winter Meetings Catch-All, Pt. 2 -- Signings"

 

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I don’t do a ton of reporting, so it was an honor to be there for these negotiations. Buster Posey sat across from Adames, and just stared at him, locking eyes the way a winner does. Then, he pulled out a copy of Baseball Prospectus 1999 and a lighter, setting the book on fire, the room filling with the smoke of burning snark and statistics. Finally, Posey took out a portrait of Bill James, said “fight the real enemy,” and tore it in half, right down the middle, casting the pieces on the floor.

That’s how Buster Posey somehow got Willy Adames and his zero All-Star appearances to agree to one of the 50 most lucrative contracts in baseball history. The man’s a mystic.
 

Sunday, December 15, 2024

Newsletter Excerpt, December 15, 2024 -- "Winter Meetings Catch-All, Pt. 1 -- Trades"

 

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They also didn’t make a good trade. This is a trade you make when you’re not actually serious about winning championships, when you’ve decided to be ordinary. You win titles with players like Tucker, superstars who can be the best player on a great team. This trade, instead, is designed to win a WAR/$ battle, and they don’t hang flags for that. The Astros may have a more efficient roster today, and they’re still a contender to win the AL West. They traded their best player, though, and they’ll feel that every day. Maybe you look at the team’s TV situation -- the Astros have lost as much as any team in recent years -- and justify it, but the way you make up a loss of TV money isn’t to make the team worse, it’s to make the team better so you can generate more revenue at the ballpark. This trade makes the Astros worse, at least in 2025.

To me, this trade signals the end of the Astros as a championship franchise, a moment that’s been coming since Jim Crane ran off James Click after the 2022 World Series. The Astros are just Crane’s plaything now, and he’ll soon learn there are worse things that not being given enough credit for winning the World Series. 
 
 

Thursday, December 12, 2024

Newsletter Excerpt, December 12, 2024 -- "Red Sox/White Sox Trade"

 

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Whatever the Sox get from Crochet is profit. Of the four players they traded, none were likely to be a big part of the 2025 team, and only Kyle Teel and Chase Meidroth had reached Triple-A. They didn’t give up anything they will miss in the short term. Crochet was a four-win pitcher last year and projects as being worth five to six wins in 2025. He makes this team five wins better, five wins that would have put last year’s team in the playoffs. With the Yankees down Juan Soto and the Orioles running in place, this deal elevates the Sox to AL East contenders, and failing that a likely wild-card team.

 
 
 

Wednesday, December 11, 2024

Newsletter Excerpt, December 11, 2024 -- "Max Years"

 

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That four-pitch mix also makes him unusually effective when working deep into games. Fried’s career .255/.315/.361 line allowed the third time through is 12th-best in baseball over his eight-season career, and he loses less effectiveness as he pitches deeper in games than his peers do:


               AVG   OBP   SLG   K/BB    K%   OPS+  LgOPS+
First time    .230  .282  .348    4.0   25%    94      96
Second time   .235  .291  .343    3.5   23%    96     104
Third time    .255  .315  .361    3.5   24%   109     113


All pitchers lose effectiveness the third time through, but Fried is the rare pitcher who is often better the third time through than the available relief options are when they enter the game. That’s a big reason why, since the start of 2021, he leads MLB with four shutouts and is third with five complete games. CGSHOs are hard to come by now, of course. Fried is tied for fourth among starters the last four years with 12 starts of at least seven innings and no runs allowed. (Remaining free-agent ace Burnes leads with 16.) 

 
 
 

Tuesday, December 10, 2024

Newsletter Excerpt, December 10, 2024 -- "The TV Gap, In Practice"

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If you take a step back from the details, you can divide MLB teams into two categories: Stable TV situations and unstable ones. Even the Diamond teams only have deals in the short term, and Diamond has proven itself to be a poor partner over any time frame. There are eleven teams I would describe as having stable, profitable TV situations: the Yankees, Red Sox, Blue Jays, Orioles, Mets, Nationals, Cubs, and Dodgers are on networks built around those teams. Three other teams -- the A’s, Giants, and Phillies -- are partnered with Comcast and seem to be stable. The A’s made Sacramento their temporary home in no small part so as to retain their local-TV deal.

Now, we’re just a few weeks into the 2024-25 offseason, so what follows is a snapshot, but I think it may be an illustrative one. So far, there have been a dozen contract commitments of at least $15 million. Those break down as follows:

11 stable teams: nine signings, $1.365 billion
19 unstable teams: three signings, $156 million
 
 

 

Monday, December 9, 2024

Newsletter Excerpt, December 9, 2024 -- "Juan Soto Signs"

 

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Forget the money -- it doesn’t affect you. Forget the years -- they don’t affect you. It is very rare that that a team can make itself this much better in free agency, and signing a 26-year-old Juan Soto is one of those times. Soto’s combination of skill and youth is incredibly rare on the market, and by signing him, Steve Cohen made the Mets a lot better in one single move. That’s all you can ask from the owner of a baseball team. 
 
 

Wednesday, November 27, 2024

Newsletter Excerpt, November 27, 2024 -- "Blake Snell to the Dodgers"

 

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You may not want to hear this, but I am impressed by the way Guggenheim Partners is doubling down on putting the best team on the field. Over the last ten non-pandemic years, the Dodgers have averaged 3.8 million tickets sold a year, an absurd run of success at the gate. The Dodgers are trying to give those fans, who pay some of the highest ticket prices in baseball, another championship team. They’re putting the fans’ money on the field. 

The best owner is the one who cares more about the next win than the next dollar, and paying $76 million next year for Blake Snell shows that is exactly where Mark Walter and Guggenheim stand.
 

Tuesday, November 26, 2024

Newsletter Excerpt, November 26, 2024 -- "NL West Notes"

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Los Angeles Dodgers

With Japanese righty Roki Sasaki’s eventual bonus coming out of the 2025 international free-agent budget, pretty much every team can pay him the same amount of money. The actual rules governing the pools are complicated, tied to Bud’s Bonus draft picks, but the long story short is the difference in available bonus money is unlikely to be a factor in Sasaki’s decision. He’s going to pick based on where he wants to play and who he wants to play with.

The Dodgers would seem to have a lot of advantages, then. They’re already lining up a six-man rotation for next year with Yoshinobu Yamamoto and Shohei Ohtani. With two Japanese stars on the roster, there’s an infrastructure in place for integrating another one, and organizational experience with how to best make Sasaki’s transition an easy one. The Dodgers are the best team in baseball and the closest thing to a guaranteed playoff team. Sasaki would be asked to be an ace for a lot of other teams; here, he could be the #3 or even #4 starter.

After last year’s outcry over Shohei Ohtani’s contract, in which the player deferred most of his salary for ten years to ease the burden on the team’s payroll, it would be hilarious to see the Dodgers now add a potential frontline starter for $5 million in bonus money and the minimum salary. Ohtani made $1.9 million in his first three seasons in the majors, then $8.5 million for his next two combined. Ohtani’s elbow surgery in 2018 and poor pandemic season in 2020 tamped down his pay, but Sasaki’s compensation will likely follow a similar path. The Dodger wouldn’t be buying talent in this case, but they would be leveraging their success, and their investments in Yamamoto and Ohtani, to add another potential superstar.

I’m sure they’ll try to make a rule stopping that soon, too.

 
 
 

 

Newsletter Excerpt, November 25, 2024 -- "NL East and NL Central Notes"

 

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Pittsburgh Pirates

I’ve written about “The Demon” for more than a decade now. It’s pretty much an inviolable rule that if you’re one of the hardest-throwing starters in baseball, you’re going to blow out your elbow. Gerrit Cole has been shockingly durable, Zack Wheeler has stayed on the mound for a while after having Tommy John surgery early in his career, but they’re the exceptions. 

So when you see Paul Skenes drafted, and a year later he’s the hardest-throwing starter in baseball, it’s just impossible to not hear the clock ticking. It’s awful to think this way, but you have to. Skenes’s teammate, rookie Jared Jones, was the fourth-hardest throwing starter in baseball, at least until the end of the year, when he came back from a lat injury with much less velo. Maybe in 1964 or 1984 or even 2004 you could see a team call up two young hurlers like this and dream on the next six years. In 2024, you dream on the next six starts.

The Pirates’ moment is now. Their two best players are max-velo starting pitchers, a category of player that will get hurt and miss a season to two seasons. They’re healthy now, though, so the Pirates have to put a team around them that can win now. There’s no building long-term around pitchers like this. Ask the Braves about Spencer Strider. Ask the Marlins about Sandy Alcantara. Ask the Angels about Shohei Ohtani; in fact, ask them twice.

To put a 70-win team around Skenes and Jones next year, while asking them to make 55 starts at the minimum salary, is criminal. The Pirates project to have one of the worst offenses in baseball and one of the lowest payrolls in baseball, and the two go hand in hand. They’ve been bad at developing hitters, even while investing a ton of draft capital in them. They go into next year with Skenes, Jones, Luis Ortiz, Oneil Cruz, and Bryan Reynolds for a combined $16 million or so. Their total tax payroll is under $100 million. I doubt they can get Juan Soto to go to Pittsburgh for any amount of money, but they can get ten wins better over the third-worst offense in baseball last year just by writing checks.

Here is the shopping list for the 2025 Pirates. Yes, they’re overpaying for these players.

-- Alex Bregman, four years, $90 million. Bregman in his decline phase will be a three-win player for a few years, helped by an excellent contact rate and good defense. He’s a three-win upgrade on Jared Triolo.

-- Tyler O’Neill, two years, $50 million. This is a too-high AAV in an effort to convince O’Neill to come to Pittsburgh. There’s injury risk, to be sure, but I’d rather pay O’Neill at 30 and 31 than Teoscar Hernandez at 32 and 33. O’Neill is a better outfielder, too. By Baseball Reference calculations, the Pirates had the worst right fielders in baseball last year. TON is worth at least three wins to them even if he plays just 110 games.

-- Carlos Santana, one year, $15 million, plus vesting option. These two know each other, as Santana signed with the Pirates in 2023 before being traded at the deadline. The salary is more than what Santana has made on his last two deals, but he’s coming off a fantastic defensive season and is still above average at the plate. He’s worth two wins over Rowdy Tellez and Co. 

Those three players make the 2025 Pirates eight to ten wins better while adding about $60 million cash to the payroll -- still well below average. They put an improved defense on the field behind Skenes, Jones, and Ortiz, and make for a huge improvement at the plate. After doing this, the Pirates can scour leftovers for upgrades at DH and the middle infield, maybe see if Joc Pederson or Gleyber Torres slips through the cracks until February.

If you can’t believe I’m recommending this plan, well, neither can I. The equation is just different for a team built about Paul Skenes and Jared Jones. You have to act as if there is no tomorrow, because everything we know about players like them tells us there is no tomorrow. 


Wednesday, November 20, 2024

Newsletter Excerpt, November 20, 2024 -- "AL West Notes"

 

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Seattle Mariners

The Mariners, who seemed to score about eight runs a week in the summer, actually ended up 12th in the majors in wRC+ with an above-average 104 mark. Randy Arozarena was great for them, and Julio Rodriguez closed with a 140 wRC+ over the final two months. It wasn’t enough to catch the Astros, but it may have been enough to change the tenor of their offseason. With most of the players who drove that late-summer drive returning, do the Mariners actually need to trade a pitcher for a hitter?

That’s an old-fashioned baseball trade, of course, one team trading from strength to shore up a weakness, matching up with another team to do the same. The Orioles are the mirror image of the Mariners, loaded with so many good young hitters they can overpay for Trevor Rogers, but thin in the rotation. Matching them up isn’t quite so easy, though, and teams can be reluctant to trade young players with superstar upside. George Kirby for Coby Mayo and Heston Kjerstad works better when you’re the third caller to KZZZ than when it’s your job in the balance.

The Mariners, I think, can run at this from a different direction. They are the one team in this division with a strong farm system, deep in up-the-middle prospects. Colt Emerson and Cole Young have a clear path to jobs in Seattle as the future double-play combination, and behind them is teenage sensation Felnin Celesten. Blocked, though, is catcher Henry Ford, top-50 at MLB Pipeline, an OBP machine at every level of the minors so far, and considered strong defensively with no chance he’ll need to move out from behind the dish.

Cal Raleigh just wrapped his third straight three-win season for the Ms, hitting 34 homers, throwing out a league-high 32 basestealers, and setting a career high with 4.6 bWAR. Raleigh is a star, controlled through 2027 and just now reaching arbitration. He blocks Ford the way Rudy Gobert blocks weak layups. 

The Mariners don’t have to trade one of their top starters. They can trade Ford, a top prospect at a key position who could be major-league ready by the summer, and keep the team’s strength intact. Where might he go? Bad or rebuilding teams who could use a young catcher include the Marlins, though they don’t have hitters to deal; the Reds, who do have hitting depth; and perhaps the Rays, depending on what they’re trying to do in 2025. 

The simplest thing is to trade...well, I’d try to make it Bryce Miller...for the best hitter you can get, and that’s certainly not a bad idea. Getting more creative can help the Mariners not just align their talent better, but in trading someone who won’t contribute next year for someone who will, create a true three- or four-win upgrade in a division that has been decided by less than that the last two years.

 
 
 

Monday, November 18, 2024

Newsletter Excerpt, November 18, 2024 -- "AL Central Notes"

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Detroit Tigers

So...what now?

The theme today, and with 20-odd MLB teams, is “payrolls nowhere near the tax threshold.” The Tigers were 28th in payroll last year, just over $100 million after benefits, and are under $100 million heading into the winter. Their late-season run bumped their attendance 15% year-over-year and got them a couple of home playoff games, and they should be able to break two million tickets sold next year for the first time since 2017. They are staying with Diamond Sports Group at a negotiated lower rate, so they avoided their local TV money dropping to near zero.

The penalties for investing in your product, the ones that restrict the movements of teams like the Cubs and Red Sox, or cost the Dodgers, Mets, and Yankees big money, are intended in part to spread talent around. Signing Juan Soto to a $50 million salary will cost the Yankees $100 million a year, at least for the next few years. The Tigers don’t have that problem. The economic idea is that teams faced with paying these penalties won’t be able to justify the investment -- no player is worth $100 million a year -- and will pass on signing the player, allowing teams below the threshold to be more competitive for stars. We’ve seen some teams be cowed by that, but a handful at the top have not.

The Tigers do not have these problems, with a payroll three or four superstars shy of the penalty thresholds. Moreover, because they have so much room to grow their attendance, they can gain directly by spending money in free agency. The Padres and Phillies provide great recent examples of how teams can make money just by the act of signing free agents. The Padres sold 10% more tickets after signing Manny Machado in 2019, and their attendance has jumped 57% over six years. After the Phillies signed Bryce Harper, their attendance jumped 27% in 2019 and, like the Padres, 57% over six years.

Teams used to understand that some of the value in signing free agents was in the act itself, of getting your fans excited in the offseason, excited enough to buy tickets. During the RSN era, though, so much of a team’s money was guaranteed that many teams neglected to bother with generating excitement. That’s obviously changing, and if attendance becomes a bigger part of a team’s business model, the payoff for being active in the offseason increases.

The Tigers have a low payroll, a young team, and a city excited about its ballclub again. This is exactly the moment to spend money. They made the playoffs with a .300 OBP, and should just target anyone who can bump that up. Alex Bregman is a fit. Tyler O’Neill is a fit. If they want to move on from Spencer Torkelson, Carlos Santana is a fit. Yes, Soto is a fit. (Juan Soto fits 30 MLB teams and probably a handful of NFL and NBA ones.) A.J. Hinch’s “bullpen chaos” was, like Stephen Vogt’s, an adaptation to the talent on hand, and the Tigers have more pitching than the Guards do. Still, the Tigers can absolutely afford to play at the top of the market to bring in Burnes or Fried, to give Skubal a teammate on his level.

The 2024 Tigers were a great story. Now we see if Chris Ilitch is willing to make them a great team.

 
 
 

 

Friday, November 15, 2024

Newsletter Excerpt, November 15, 2024 -- "AL East Notes"

 

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Toronto Blue Jays

The Blue Jays have made the playoffs in three of the last five seasons, and in that time have the tenth-best record in baseball. 

The Blue Jays have not won a playoff game in eight years. 

You can frame the Blue Jays, coming off a last-place finish with the worst bullpen in baseball, any way you like. What you can’t do is deny that the 2025 season feels like end of a cycle for them, one way or another. Those playoff runs, one in the pandemic season, all produced quick first-round exits. A failed attempt to sign Shohei Ohtani last winter left a pall over the offseason, one that wasn’t lifted when the Jays then declined to sign anyone else of note. (Justin Turner produced 0.4 bWAR and was traded at the deadline.) The core of homegrown players took big steps backward, with only Vladimir Guerrero Jr. meeting expectations. The Jays ended up with middling starting pitching, middling offense, and a bullpen collapse that turned them into deadline sellers.

This has become an old team, whose pitchers had the fifth-highest weighted age last year, the hitters the 12th-highest. Guerrero is a free agent at the end of ’25, as are Bo Bichette and Chris Bassitt. Kevin Gausman, George Springer, Daulton Varsho, and Alejandro Kirk are free agents after 2026. Kiley McDaniel pegged the Jays as a bottom-ten farm system in midsummer, so if the Jays can’t win now, it may be a while before they can win again. It’s really now or never.

If you want optimism, take it from a few things. One, the Jays’ third-order record was 78-84, not terrible. Two, a bullpen is the easiest thing to fix on the fly. The team’s top three relievers by talent, Jordan Romano, Chad Green, and Erik Swanson, were never fully healthy last year. They combined for just 105 innings of a 4.37 ERA and a FIP well over 5.00. I would not be surprised to see the Jays get 175 innings of 3.50 ball from that group next year. The A’s, just to pick the most recent example, had the worst bullpen in baseball in ’23, and the ninth-best in ’24. 

The focus has to be on the offense, which lost six points of wRC+ from 2023. Brandon Belt’s 138 wRC+ was simply never replaced, nor was Matt Chapman’s 110 mark. Bo Bichette went from being a superstar to a replacement-level player. The Jays hit 156 home runs, their fewest since 2008, and slugged .389, their lowest mark since 1997. You can’t just blame changes to Rogers Centre, either; the Jays hit their fewest number of road homers since 2008 and had their lowest road slugging since 2005. They just didn’t hit.

The Jays’ projected 2025 lineup features a lot of wishcasting for guys like Spencer Horwitz, Will Wagner, and Nathan Lukes. All three had good numbers in ’25, but all three are older prospects without substantial pedigrees. Building a lineup that’s one-third wishcasts is two-thirds crazy. The Jays are probably headed into a rebuild, anyway, and with the power of Rogers Communications behind them have plenty of access to cash. Mark Shapiro and Ross Atkins might be well-served to upend the market by dangling short-term, high-AAV contracts for Alex Bregman, Max Fried, Tyler O’Neill, and Gleyber Torres to make the 2025-26 teams the best they can be, try to put one or two more playoff teams on the field, and perhaps even make the team one Guerrero will commit to past 2025.