The Steak is Served. Was it worth it?

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Back in January, Scott Boras said this to ESPN’s Jerry Crasnick regarding his then un-signed free agent clients, Michael Bourn and Kyle Lohse:

“People call me all the time and say, ‘Man, your players aren’t signed yet. Well, it doesn’t really matter what time dinner is when you’re the steak.”

Now steak is served, and steak costs approximately $12 million a year over four years for the Bourn strip and $11 million a year for three years for the filet Lohse. Good deals on steak, or market price?

That’s the big question now, as the two most high-profile free agents subject to draft pick compensation have finally found homes.  Did the market work how it was intended to work, or did these two get boned because of the draft picks that were the cost of doing business with them?

I can sort of see it both ways.

On the one hand, in a vacuum, I’d say that Bourn and Lohse are basically worth what they got. This isn’t economics I’m talking about here. It’s gut. It’s me looking at their performances in recent years, their ages, their skill sets and consulting with all of the intangible crap that floats around ife and saying “yeah, that seems about right.”  $48 million and $33 million, respectively, are numbers that, if my team signed them for, I’d probably be able to live with. And if some team signed them for significantly more, I’d say “hmm, seems like an overpay.”

On the other hand, free agents don’t exist in a vacuum. They exist in a market in which other guys sorta like them sign. And I see B.J. Upton and Jake Peavy and Edwin Jackson and a lot of other free agents getting deals that are either worth much more or, given the relative quality of the players involved, seem to be more valable for the guys in question than what Bourn and Lohse got. Put differently, I can’t help but think that those “overpays” I mentioned above would have come to pass but for the free agent compensation.

And now, with everyone of any stature signed, people are going to revisit that free agent compensation thing. Some are going to argue that it’s unfair. Some are going to argue that it worked the way it was intended and it kept free agent salaries from getting out of control. I don’t know that it truly worked either effect particularly well.

Shane Victorino showed that if you’re not quite worth a $13.3 million risk in a qualifying offer, you still can get that much times three on the market whereas, if he were better and worth the qualifying offer, he’d get nothing approaching it. The top end guys showed that owners will still pay near-silly money for free agents. Overall, there wasn’t a ton of discipline exacted on the market. But if there was, it seemed to fall disproportionately on a couple of guys.

In that sense I’m not sure it worked for either the owners or the players, whatever they intended when they negotiated the last Collective Bargaining Agreement. Because I can’t imagine that the desired effect by either side was “a couple of free agents will get what, in vacuum, sorta seems fair to some fans.”

Mariners designate Leonys Martin for assignment

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The Mariners made a handful of roster moves on Sunday afternoon. Ryan Divish of the Seattle Times reports. The club optioned pitcher Chase De Jong to Triple-A Tacoma, designated outfielder Leonys Martin for assignment, and recalled first baseman Dan Vogelbach and pitcher Chris Heston from Triple-A.

Martin, 29, struggled to start the season, batting .111/.172/.130 in 58 plate appearances. As Divish noted, Martin was very popular with his teammates in Seattle, so the move was particularly difficult. He is owed the remainder of his $4.85 million salary, making it likely that he’ll clear waivers.

De Jong, 23, struggled in 4 2/3 innings of relief, yielding three runs on three hits and three walks with two strikeouts.

Heston, 29, got off to a good start with Tacoma, putting up a 3.18 ERA over his first three starts.

Vogelbach, 24, was hitting .309/.409/.473 with a pair of home runs in 66 PA with Tacoma, encouraging his call-up.

Tom Glavine and Tagg Romney are interested in purchasing the Marlins

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As it turns out, Derek Jeter isn’t the only former major leaguer interested in the Marlins. Bloomberg’s Scott Soshnick reports that Hall of Fame hurler Tom Glavine has entered the bidding process as part of a group that includes Tagg Romney and several carefully-selected investors. Soshnick adds that Tagg’s father, Mitt Romney, is not part of the bidding process for the Marlins, though Glavine and Romney’s relationship makes an interesting parallel with Derek Jeter and Jeb Bush’s potential partnership during the sale.

According to an unnamed source, current Marlins’ owner Jeffrey Loria is said be fielding offers ranging from $1.2 to $1.3 billion. (To put those figures in perspective, the initial purchase price for the team was $158 million in 2002.) Glavine recently spoke to the Boston Globe’s Nick Cafardo about the bidding process, and revealed that he had been involved in talks about a potential bid since last summer. He also expressed a willingness to step into a leadership role with the Marlins, should the opportunity arise:

I certainly want a role. I’m not going to say I’m the GM, but I know the game pretty well. I understand it. There’s a lot on the business side that I don’t understand, so I’m open-minded about what the best role for me would be and what I like to do the most.

On the one hand, I don’t want to be pompous enough to say I want to step in and run this thing, but at the same time I want to be looking for where I would be best served for the organization if it happens.

Glavine and Romney are currently thought to comprise one of three major parties bidding on the Marlins, including Jeter/Bush and Quogue Capital president Wayne P. Rothbaum.