Tim Lincecum

Let us not freak out about free agent salaries, OK?

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I feel like people freak out a little bit every fall and winter when the first couple of free agents sign. The dollars get announced and the reaction is some form of “wow, what an overpay!” and “if [Player X] gets that, [Player Y] is going to get insane dollars!” We’ve seen a little bit of that in the wake of last night’s Tim Lincecum signing, with people’s reactions ranging from merely raising an eyebrow to being fully gobsmacked.

I’m in more of the eyebrow-raised camp. It’s probably a bit of an overpay given Lincecum’s performance over the past couple of years (though it is a pay cut). It’s also a bit of a gamble inasmuch as, a decent strikeout rate notwithstanding, there is no guarantee that Lincecum will be a front line starter ever again. Or even an average one. We’re now more than two years past the last good Lincecum season and more than four years past the truly dominant Lincecum still stuck in our head. He could be Barry Zito redux in performance, if not in contract duration, for the rest of his career.

But we should probably limit our response to the dollars involved to raised eyebrows and wait a few months before truly committing to a reaction. Both to Lincecum’s deal and the deals of other free agents this winter. Because the changing financial structure of baseball is rendering the sorts of deals we once considered to be crazy fairly run-of-the-mill these days.

Yes, $35 million for two years is an awful lot of money. But you know what else is an awful lot of money? The $30-$40 million (estimated) each team will be getting each year from new national television deals with ESPN, Fox and TBS. That is, $30-$40 million for doing absolutely nothing. That’s before you add on increases in local deals many teams are experiencing and the overall trend of rising revenues across Major League Baseball. A trend that the San Francisco Giants and their nearly-full ballpark are taking pretty decent advantage of.

We’re not in the same financial world in which we found ourselves in 1992, 2004 or even just a couple of years ago. Teams have more money to spend and, thanks to restrictions on how much amateur talent can be paid, they have fewer places to spend it. It makes perfect sense, then, that the price of an average pitcher with some upside (or any number of other free agents who will soon sign) will be a lot higher than it used to be. As such, the dollars that used to only go to the best of the best will now be going to the middle of the pack. The superstar dollars will go way, way up too.

Despite this dynamic, I feel that fan and, in some cases, media reaction to these understandable increases is still stuck in 1992, 2004 or even just a couple of years ago. It sort of reminds me of my dad who, whenever gas prices go up, reacts as if it were still 1959 and, dadgummit, gas shouldn’t be more than twenty-five cents a gallon. As if the price of any commodity, be it gas, foodstuffs or elite baseball players shouldn’t be expected to rise in the face of scarcity and increased demand.

Anyway: it’s possible that the Lincecum deal will look bad in a few months or a year from now. It’s also possible that this deal is simply what a player of Lincecum’s caliber — adjusting for the short-length of the deal and his status as a fan favorite — can be expected to command. Whatever happens with him, though, we need to remember that player salaries are going up for rational reasons and that the definition of a massive deal in 2013-14 is not the same as it was even a few short years ago.

Mitt Romney’s sons are trying to buy a stake in the Yankees

TAMPA, FL - AUGUST 30:  Tagg Romney son of Republican presidential candidate, former Massachusetts Gov. Mitt Romney gives an interview during the final day of the Republican National Convention at the Tampa Bay Times Forum on August 30, 2012 in Tampa, Florida. Former Massachusetts Gov. Mitt Romney was nominated as the Republican presidential candidate during the RNC which will conclude today.  (Photo by Chip Somodevilla/Getty Images)
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Mitt Romney built his professional life in Massachusetts and was once the governor of the state. As such, it is not surprising that he has long identified as a Red Sox fan. So this has to be troubling to him from a fan’s perspective. From Jon Heyman:

The Romney family is bidding to buy a small stake in the Yankees months after their try for the Marlins stalled. If the deal goes through, it is expected to be $25 million to $30 million per percentage point and thought to be interested in one or two percentage points. The Yankees are valued around $3 billion or more.

The effort is being led by Mitt’s son Tagg, one of his brothers and their business partners. Mitt’s spokesman tells Jon Heyman that he has nothing to do with it personally. Tagg Romney is reported to have been planning a bid for controlling interest in the Marlins, but that has fallen through.

I find this interesting insofar as the M.O. for the Steinbrenners has, for years, been to buy out minority shareholders in the Yankees, not seek more. Indeed, when George Steinbrenner bought the Yankees back in 1973 he held just a bare controlling interest and there were a ton of silent partners, most of which were back in Ohio and knew Steinbrenner from his shipping business. I’ve personally gotten to know some of them over the years as there are a handful of them in Columbus and I crossed paths with them in my legal career. They have almost all been bought out in the past couple of decades. They still get season tickets and World Series rings and stuff. You can tell them by their personalized Yankees plates and the fact that, within the first ten minutes of meeting them, they will tell you that they once owned a piece of the Yankees but got pushed out.

In light of all of that it’s interesting that the Steinbrenners are once again accepting bids for small stakes in the team. Especially from someone whose interest in controlling the Marlins suggests that they do not consider it to be a mere vanity investment. Makes me wonder what the Steinbrenners’ long term plans are.

Max Scherzer still can’t throw fastballs

WASHINGTON, DC - OCTOBER 13: Max Scherzer #31 of the Washington Nationals works against the Los Angeles Dodgers in the fifth inning during game five of the National League Division Series at Nationals Park on October 13, 2016 in Washington, DC. (Photo by Rob Carr/Getty Images)
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The Nationals will be many people’s favorites in the NL East this season. Not everything is looking great, however. For example, their ace — defending NL Cy Young winner Max Scherzer — can’t even throw fastballs right now.

The reason: the stress fracture he suffered last August is still causing him problems and Scherzer is unable to use his fastball grip without feeling pain in his right ring finger. He will throw a bullpen session tomorrow, but will only use his secondary stuff.

Scherzer has not been ruled out for Opening Day — the fact that he is throwing some means that his timetable isn’t totally on hold — but you have to figure, at some point, not being able to air things out and use his heater will lead to some problems in his spring training routine.