Twins overvalued the save stat and overpaid for Matt Capps

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Matt Capps was available for nothing this offseason.

Non-tendered by the Pirates in December following a career-worst season that saw him post a 5.80 ERA and .324 opponents’ batting
average while serving up 10 homers in 54.1 innings, Capps became a free
agent and signed a one-year, $3.5 million deal with the Nationals in
large part because they were one of the only teams willing to promise
him an opportunity to remain a closer.

And last night the Twins decided to overpay for that closing experience, acquiring Capps from the Nationals for Wilson Ramos and Joe Testa.
To be clear, Capps is a good, solid late-inning reliever. He bounced
back nicely in Washington with a 2.74 ERA and 38-to-9 strikeout-to-walk
ratio in 46 innings and has a 3.50 ERA in 317 career innings. However,
if not for his racking up 93 saves for bad teams I’m convinced the Twins
never would have even considered this move.

Much like the Twins turning to Jon Rauch with Joe Nathan
sidelined, Capps’ reputation as an “experienced closer” comes largely
from teams simply giving him a shot to accumulate saves. Rauch has done a
perfectly fine job filling in for Nathan, converting 21-of-25 saves
with a 3.05 ERA and 27-to-9 strikeout-to-walk ratio in 38.1 innings, and
if given a longer opportunity may have turned himself into an
“established closer” just like Capps did. Seriously.

Take a look at their respective career numbers as relievers:

           IP     ERA     FIP    SO/9    BB/9     AVG     OBP     SLG     OPS
Capps 317 3.50 3.80 7.0 1.7 .263 .302 .415 .717
Rauch 402 3.54 3.90 7.5 2.7 .242 .297 .390 .687

Capps has had better control, Rauch has been tougher to hit, and
their overall effectiveness is nearly identical across the board. If
pressed I’d pick Capps over Rauch because he’s younger and has fared
better in Expected Fielding Independent Pitching
(xFIP), but by far the biggest difference between them is that one has
accumulated saves for four seasons while the other has accumulated saves
for one season.

No one would ever suggest that trading Ramos for a reliever who’s
slightly better than Rauch is a sound idea, yet by focusing on the save
statistic the Twins have done just that and many fans will instinctively
be on board with the move for an “established closer.” Now, don’t get
me wrong: Capps is a quality reliever and represents a clear upgrade to
the bullpen. What he’s not is an elite reliever or enough of an
upgrade to part with Ramos.

Capps is under team control as an arbitration-eligible player next
season as well, which means the Twins essentially traded Ramos and Testa
for 1.5 seasons of him. Unfortunately part of his inflated perceived
value includes his likely price-tag in arbitration, which is sure to
rise from this year’s $3.5 million salary to over $5 million (and
perhaps well over $5 million) thanks to those same shiny-looking save
totals.

Capps makes the Twins better for the final two months of this season
and all of next year, but the improvement isn’t nearly as large as the
“All-Star closer” label would have you believe and the cost involved is
significant in terms of both players and money. Next season the Twins
will pay a premium for a quality setup man they perceive as something
more because of a reliance on a flawed statistic and they gave up a good
catching prospect for the right do that.

In fairness, Ramos’ value is inflated as well. His historic debut
caused the Twins fans who don’t know any better to assume that he was
destined for stardom and his subsequent struggles at Triple-A have
exposed him as a good but not great prospect. However, he still projects
as a good defender behind the plate and a 22-year-old being overmatched
in his first experience at Triple-A is far from disastrous.

I’m not convinced that Ramos will become a star, but the possibility
certainly exists and at the very least he looks capable of developing
into a starting-caliber catcher for many years. Joe Mauer’s
presence meant Ramos had little shot to be that starting-caliber catcher
in Minnesota, but that doesn’t mean the Twins needed to deal him
immediately or when his value was at an all-time low or for an
underwhelming return like Capps.

I have no problem with trading Ramos or trading for bullpen help, and
in the Twins’ minds they just traded him for an “All-Star closer.” In
reality they traded Ramos for a setup-caliber reliever who accumulated
saves on bad teams and is thus overrated and soon overpaid. Among the 93
pitchers who’ve logged 150-plus relief innings in the past three
calendar years, Capps ranks 38th in xFIP, 49th in FIP, 50th in ERA, 61st
in strikeout rate, and 85th in opponents’ average.

You’d think the Twins would have learned something about the
created-not-born nature of the closer role and often spurious value of
saves from Rauch’s relatively successful stint filling in for Nathan,
but instead they just paid a premium for a guy whose perceived value and
ability are much higher than his actual value and ability solely
because of his role and save total. Capps is a good reliever, but the
Twins paid for a great reliever and did so for all the wrong reasons.

Mets invite Tim Tebow to spring training

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Tim Tebow isn’t letting go of his major league dreams just yet. The former NFL quarterback is slated to appear with the Mets during spring training this year, extending what initially looked like an ill-fated career choice for at least one more season. Per the club’s official announcement on Friday, he’ll join a group of spring training invitees that includes top-30 prospects like Peter Alonso, P.J. Conlon, Patrick Mazeika and David Thompson.

Tebow, 30, hasn’t taken to professional baseball as gracefully as expected. He batted a cumulative .226/.309/.347 with eight home runs and a .656 OPS in 486 plate appearances for Single-A Columbia and High-A St. Lucie in 2017. While that wasn’t enough to compel the Mets to give the aging outfielder a big league tryout, there’s no denying that Tebow brought substantial benefit to their minor league affiliates — in the form of increased attendance figures and ticket sales, that is.

Even after the Mets were booted from the NL East race last September, they resisted the idea of promoting Tebow for a late-season attendance boost of their own. That’s not to say they’re planning on taking the same approach in 2018; Tebow will undoubtedly get his cup of coffee in the majors at some point, but for now, a Grapefruit League tryout is likely as close as he’ll ever get to playing with the team’s big league roster on an everyday basis.