Jayson Stark at ESPN wrote a rather idiotic article yesterday complaining about the draft. It wasn’t idiotic because the draft is perfect or anything — it’s not — but because all it complained about was the sheer amount of money teams spend on the draft, quoting no one but anonymous people connected with baseball ownership (other reasons why his article was stupid can be read here).
Of course those guys hate spending money in the draft. If they could, they’d pay draftees in lumps of coal and bowls of gruel. What Stark never mentions, however, is that overall, the draft is like a bargain basement for teams looking to acquire talent.
While Stephen Strasburg’s $15 million gets all the headlines, overall, teams will spend around $180 million in signing bonuses for draftees this year. That amounts to $6 million per team. That $6 million gets each team dozens and dozens of players the team controls for a minimum of six years a piece. Even if only one or two of those players become major leaguers, the teams have more than gotten their money’s worth.
In light of this, the problem with the draft isn’t the amount of money teams are spending. It’s the particular players at the very top on whom that money is spent. Ideally you want the worst teams to take the best players, rendering signability a non-issue. This wasn’t a huge problem this year (as Stark’s colleague Peter Gammons notes), but it has been in the past.
Perhaps some sort of slotting system makes sense to accomplish that (and today the New York Times talks about the forms that could take). Simply complaining about what the top draftees are making, however, accomplishes very little.
(thanks to reader DonCoburleone for the data on overall draft expenditures)
Mitt Romney built his professional life in Massachusetts and was once the governor of the state. As such, it is not surprising that he has long identified as a Red Sox fan. So this has to be troubling to him from a fan’s perspective. From Jon Heyman:
The Romney family is bidding to buy a small stake in the Yankees months after their try for the Marlins stalled. If the deal goes through, it is expected to be $25 million to $30 million per percentage point and thought to be interested in one or two percentage points. The Yankees are valued around $3 billion or more.
The effort is being led by Mitt’s son Tagg, one of his brothers and their business partners. Mitt’s spokesman tells Jon Heyman that he has nothing to do with it personally. Tagg Romney is reported to have been planning a bid for controlling interest in the Marlins, but that has fallen through.
I find this interesting insofar as the M.O. for the Steinbrenners has, for years, been to buy out minority shareholders in the Yankees, not seek more. Indeed, when George Steinbrenner bought the Yankees back in 1973 he held just a bare controlling interest and there were a ton of silent partners, most of which were back in Ohio and knew Steinbrenner from his shipping business. I’ve personally gotten to know some of them over the years as there are a handful of them in Columbus and I crossed paths with them in my legal career. They have almost all been bought out in the past couple of decades. They still get season tickets and World Series rings and stuff. You can tell them by their personalized Yankees plates and the fact that, within the first ten minutes of meeting them, they will tell you that they once owned a piece of the Yankees but got pushed out.
In light of all of that it’s interesting that the Steinbrenners are once again accepting bids for small stakes in the team. Especially from someone whose interest in controlling the Marlins suggests that they do not consider it to be a mere vanity investment. Makes me wonder what the Steinbrenners’ long term plans are.
The Nationals will be many people’s favorites in the NL East this season. Not everything is looking great, however. For example, their ace — defending NL Cy Young winner Max Scherzer — can’t even throw fastballs right now.
The reason: the stress fracture he suffered last August is still causing him problems and Scherzer is unable to use his fastball grip without feeling pain in his right ring finger. He will throw a bullpen session tomorrow, but will only use his secondary stuff.
Scherzer has not been ruled out for Opening Day — the fact that he is throwing some means that his timetable isn’t totally on hold — but you have to figure, at some point, not being able to air things out and use his heater will lead to some problems in his spring training routine.