Cliff Lee did not leave a ton of money on the table

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UPDATE:  I somehow missed a Jerry Crasnick tweet on this that said that the Phillies offer had either a $27.5 million vesting option for 2016 or a $12.5 million buyout.  If so, that makes the Phillies deal that much better. In fact, it probably makes it better than the Yankees’ deal in absolute terms as well as average value, depending on what triggers the vesting option. The remainder of below the analysis stands as-is for dynamic, even if some of the specifics are screwy.

9: 44 AM: As LeePocalypse was going down last night, the conventional wisdom was that Lee was going to take substantially less money to go back to Philly than he would have received had he gone to New York.  While the details are still emerging this morning — and while some math is involved and we all hate math — it appears that the Phillies offer was superior in terms of average annual value to that which the Yankees were offering, even if it was a shorter guaranteed deal.

The best information we have right now is that the Phillies will pay Lee $120 million over five years. That breaks down to $24 million a year.  The Yankees guaranteed offer was for six years and $132 million, which is $22 million a year.  Of course there was a $16 million player option on there for 2017, which would make it a $148 million deal over seven years, at just over $21 million a year. For what it’s worth, the Rangers are reported to have offered two deals: a six-year, $120 million offer and a seven-year $138 million offer, though that would have been heavily back loaded.

The key here, obviously, is that under the Phillies deal, he could make a lot more money in year six if things go well for him than he would have if he took the Yankees’ deal, for he will be a free agent in year six rather than be “stuck” with a $22 million one-year deal. If he flames out by year six, sure, he’s out the $22 million he would have made that year plus the player option (and minus any salary he can snag elsewhere). But if he remains a front-of-the-rotation starter, he’s on a presumably inflated market come November 2015.

Ultimately, then, this was less an act of selflessness on Cliff Lee’s part — less an act of giving it up to go back to Philly — than it was a gamble on himself.  If Cliff Lee is worth his contract — and he certainly believes he will be, because that’s how human beings work — he’ll come out ahead for having taken the Philly deal.

If not? Well, then at least he’s the highest paid pitcher in baseball for a good long while, and that ain’t anything to sneeze at.

Video: Todd Frazier hits into a triple play in his first at-bat at Yankee Stadium

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Newly acquired third baseman Todd Frazier spent his first five games with the Yankees on the road, playing once in Minnesota and four games in Seattle. He was set to take his first at-bat as a Yankee at Yankee Stadium on Tuesday night against the Reds. Unfortunately, things didn’t quite go how he likely expected them.

The Yankees quickly loaded the bases on consecutive singles from Matt Holliday, Didi Gregorius, and Chase Headley to lead off the bottom of the second inning. That brought up Frazier in his first at-bat at Yankee Stadium. He got ahead in the count 3-1 against Luis Castillo before hitting a sharp grounder to shortstop Jose Peraza. Gregorius went back to second base because he thought the ball had a chance to be caught on a line. Peraza stepped on the second base bag, then fired to first base for the double play. Votto then threw across the diamond to Eugenio Suarez at third base, catching Gregorius out in no man’s land. Holliday scored in the meantime, breaking a 0-0 tie, but Gregorius was eventually called out for running out of the base line in a run down.

Frazier entered the evening with just two hits (both singles) and one walk in 18 plate appearances as a Yankee.

Report: Brewers to acquire Anthony Swarzak from the White Sox

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Jon Heyman of FanRag Sports reports that the Brewers have agreed to a deal with the White Sox for reliever Anthony Swarzak. The White Sox will receive 3B/OF Ryan Cordell in return.

It’s no secret that the 53-48 first-place Brewers are on the hunt for relief help. While closer Corey Knebel has been great, the Brewers have been shaky leading up to the ninth inning as Carlos Torres owns a 4.65 ERA and Oliver Drake 5.05.

Swarzak, 31, has posted a 2.23 ERA with a 52/13 K/BB ratio in 48 1/3 innings this season. He can become a free agent after the season.

Cordell, 25, hit .284/.349/.506 with 10 home runs and 45 RBI in 292 plate appearances at Triple-A Colorado Springs. He’s the Brewers’ No. 17 prospect, according to MLB Pipeline.