The Yankees are ruled by different expectations than everyone else

61 Comments

The Yankees average over 37,000 a game, yet get stuff written about how they are having attendance issues.  If you’re savvy and go to the secondary market, you can still get tickets for a relatively decent price to most Yankees games, even if they’re not the best seats in the world. Compare this to basketball or football tickets for elite and/or popular teams and it actually is quite a bargain.

Yet I’ve seen Hal Steinbrenner take a lot of flak for this over the past couple of days. From Andrew Marchand’s latest:

Hal Steinbrenner spoke at Yankee Stadium on Saturday. He disagreed with the assessment that tickets are overpriced in the Bronx. This is different point of view than what I generally hear from fans. This is what Hal had to say about ticket prices being too high:

“You hear about that in the media,” Steinbrenner said. “You don’t hear that there are thousands and thousands of affordable seats in the $25 range for every game, not to mention the specials that we do, that we used to do at the old stadium. We have done every year. It is nothing new. We want to make sure that everyone that comes out here to see a Yankee game can get here and see one. There are plenty opportunities.”

People complain about high ticket prices all the time, but Steinbrenner is right about there being relatively affordable tickets floating around. People complain about a lot of things. But, at the risk of sounding like a flack for the Yankees or Major League Baseball, games are more affordable than a lot of other sports and entertainment options, even if the bleacher seats ain’t two bits like they used to be. And while it is troubling that working class people are being priced out of games, people in general are still coming in pretty big numbers.

I guess this happens, though, when you set expectations so high for so many years and get the reputation of being luxury goods compared to the rest of baseball.

Eric Hosmer’s eight-year, $144 million contract isn’t that bad

Ed Zurga/Getty Images
9 Comments

Late Saturday night, Kevin Acee of the San Diego Union-Tribune reported that the Padres and first baseman Eric Hosmer agreed to an eight-year, $144 million contract, the new largest contract in club history. According to Bob Nightengale of USA TODAY Sports, the contract includes an opt-out after the fifth year. Further, Hosmer will average $21 million per year for those first five years and $13 million for the final three years, so it’s severely front-loaded.

Hosmer, 28, had a career year last season, playing in all 162 games while batting .318/.385/.498 with 25 home runs, 94 RBI, and 98 runs scored in 671 plate appearances. Per Baseball Reference, Hosmer accrued 4.0 Wins Above Replacement, only one of six first basemen to do so. At No. 6, he was 0.4 WAR behind Anthony Rizzo and 0.4 WAR ahead of Logan Morrison.

Wil Myers had previously told the Padres he would accept a position change if the club were to sign Hosmer. He will be moving to the outfield as a result. The Padres now have a logjam in the outfield, so Jose Pirela could move moved to the infield. How the Padres plan to handle that situation remains to be seen.

The general consensus about the Hosmer signing once news broke was that it is laughably bad. Back in November, Dave Cameron — ironically now in the Padres’ front office — called Hosmer a “free agent landmine.” That thought hasn’t really changed among many writers. For example, using restraint, Dennis Lin of The Athletic calls the deal “a big gamble.” MLB Network’s Brian Kenny said Hosmer has at least three “red flags.”

FanGraphs projects the Padres to finish 71-91, so adding Hosmer isn’t likely to transform the club into a contender on his own. That being said, the Padres’ payroll was only at $70 million prior to the Hosmer signing, so the contract won’t hamstring them going forward. If the young nucleus of players — including Manuel Margot and Hunter Renfroe — perform as expected, the Padres could be a threat in the NL West relatively soon with plenty of cheap, cost-controlled players and having some experienced veterans like Hosmer and Myers could be useful for their intangibles — pennant race/playoff experience, clubhouse presence, leadership, etc.

Hosmer has had three seasons of 3.5 WAR or more, according to Baseball Reference. He’s had four between -0.5 and 1.0. Now entering his age-28 season, it’s hardly a guarantee he’ll be an All-Star-caliber player in 2018, let alone in 2022 when he is 32 years old. From a strict dollars-to-WAR standpoint in a complete vacuum, one could’ve done better than Hosmer at eight years, $144 million.

The Padres, however, aren’t a small market team; they just operate like one. Forbes valued the club at $1.125 billion last April. The Padres don’t have the financial muscle of the Dodgers or Yankees, but paying Eric Hosmer $18 million on average for the first five years of his contract won’t come close to hurting the organization in any way, shape, or form. More importantly, signing Hosmer shows the rest of the team and the fans a commitment to being legitimate, bumping the payroll up towards $90 million. That now dwarfs teams like the large-market Phillies, who opened up spring training with just over $60 million in player obligations.

In the grand scheme of things, the Hosmer signing is also a good sign given the standstill in the free agent market. Many veteran players — even reliever Fernando Abad, who posted a 3.30 ERA last season — had to settle for minor league contracts instead of guaranteed major league deals. Many others, including the likes of Jake Arrieta and J.D. Martinez, remain unsigned. The rumor that Hosmer wanted more than seven years and close to $150 million was laughed at last month. Agent Scott Boras was still able to get his client the deal he wanted, which could bode well for those still teamless. Martinez’s patience may yet be rewarded like Hosmer’s was; money may once again start flowing in the free agent economy.

In summation, the Eric Hosmer contract is good if: you are Eric Hosmer, related to or a friend of Eric Hosmer, a teammate of Hosmer’s, Scott Boras, a current or soon-to-be free agent, a Padres fan, and a baseball fan in general. The Hosmer contract is bad if: you are a penny-pinching owner of a Major League Baseball team, or someone who cares more about $/WAR than an actual good product being put on the field.