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Arbitration offers turned down by 25 out of 27 free agents

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For all the speculation about which Type A and Type B free agents would and wouldn’t accept arbitration offers just two of the 27 eligible players said yes: Frank Francisco of the Rangers and Jason Frasor of the Blue Jays.

I’ve seen some suggestions that the low number of accepted arbitration offers means this offseason is a player’s market, but in reality two out of 27 is a pretty standard acceptance rate. Last offseason three players (Carl Pavano, Rafael Soriano, and Rafael Betancourt) accepted arbitration and the winter before that two players (Darren Oliver and David Weathers) did so.

It’s interesting to note that, of the seven free agents to accept arbitration offers in the past three years, six of them are relievers. I wrote earlier this month about how the free agent compensation system significantly overrates relievers relative to other positions by pegging them as 37 percent of Type A free agents, and certainly six of the past seven arbitration acceptances coming from relievers is more evidence of that.

Free agents accept arbitration when they believe returning to their old team on a one-year contract beats whatever offers they can get on the open market, so clearly relievers’ values are the most likely to be overrated by the Type A and Type B designations. The compensation system is faulty for any number of reasons, but the weight given to relief performances is seemingly one of the more obvious and easy-to-fix problems.

Angels sign Kole Calhoun to three-year, $26 million extension

ANAHEIM, CA - SEPTEMBER 26:  Kole Calhoun #56 of the Los Angeles Angels of Anaheim runs to first base during a game against the Oakland Athletics at Angel Stadium of Anaheim on September 26, 2016 in Anaheim, California.  (Photo by Sean M. Haffey/Getty Images)
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Angels outfielder Kole Calhoun had three more years of arbitration eligibility left, but he and the Angels decided to settle that future business at once on Wednesday, agreeing to a three-year extension worth $26 million, per SB Nation’s Chris Cotillo. The contract also includes a $14 million club option for the 2020 season.

Calhoun, 29, has been a dependable right fielder for the Angels over the last three seasons, batting an aggregate .266/.327/.436 with 61 home runs and 216 RBI in 1,895 plate appearances. According to FanGraphs, Calhoun has been the ninth-most valuable right fielder in baseball since the start of the 2014 season with 11.4 Wins Above Replacement. He ranks slightly behind Giancarlo Stanton (11.9) and just ahead of J.D. Martinez (10.9).

The Angels only have a handful of players signed beyond the 2017 season — just Albert Pujols, Mike Trout, Andrelton Simmons, and Calhoun. The club has options on Ricky Nolasco and Huston Street, while many others will be eligible for arbitration.

Bryce Harper lobbies for Matt Wieters and Greg Holland

WASHINGTON, DC - OCTOBER 13: Bryce Harper #34 of the Washington Nationals reacts after hitting a single in the seventh inning against the Los Angeles Dodgers during game five of the National League Division Series at Nationals Park on October 13, 2016 in Washington, DC. (Photo by Patrick Smith/Getty Images)
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Nothing is happening as the baseball world waits four more hours for the Hall of Fame announcement. Question: why do it at 6pm? For MLB Network ratings? Let’s be real, there are “Golden Girls” reruns on third-tier basic cable that are gonna draw a bigger audience. Why not announce it now so people can get on with their lives? Oh well.

As we wait, let’s take a look in at Twitter, where Jim Bowden of ESPN passes along the rumor that the Washington Nationals are still interested in signing Matt Wieters and Greg Holland:

Great to know that the Nats’ baseball operations budget is dictated by its capital expenditures. Maybe they shoulda been smart like the Braves and suckered — er, I mean negotiated the local government to pay more for it? GO BRAVES!

Anyway, Bryce Harper had a response to that:

I take that to mean that he’d take the money used to construct the team store and give to Wieters and Holland. I haven’t seen the budget breakdown for the new spring training facility, but that would probably mean a major pay cut for Wieters and Holland. And where would we buy our “Make Baseball Great Again” caps? Think ahead, Bryce. Play the long game here.