According to Five Thirty Eight, Billy Beane’s A’s have exceeded expectations by nearly $1.38 billion

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Benjamin Morris of Five Thirty Eight posted an article yesterday in which he used a handful of statistical methods to estimate how much the Athletics, led by GM Billy Beane, have exceeded expectations. For those not familiar with Beane, he was the central figure in the book Moneyball: The Art of Winning an Unfair Game, authored by Michael Lewis and released in 2003. Beane didn’t let the Athletics’ status as a small-market team deter him from building a contender; instead, he looked for market inefficiencies. For example, at the time, teams were devaluing players with high on-base percentages because of low batting averages, so he was able to sign Scott Hatteberg, among others, and enjoyed great success as a result.

From the time Beane took over the A’s in 1998 through 2013, the club has gone 1,396-1,194 (.539). They have reached the playoffs seven times in those 16 seasons. The A’s enter tonight’s action at 63-38, poised to win the AL West for a third consecutive season.

So what did Morris find? Since the start of this millennium, the Athletics have won 180 more games than we would expect, given their payroll. Then, using various estimates pertaining to the price of a win, Morris suggests that the A’s have exceeded expectations by $1.38 billion. The next-best team, the Angels, comes in at $702 million. On the other end of the spectrum, the Royals have under-performed expectations by nearly $800 million. If statistical wizardry is your bag, then the column is certainly worth your time.

Dilson Herrera has season-ending surgery

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Reds infielder Dilson Herrera will undergo surgery to remove bone spurs from his right shoulder. His season is over.

Herrera, you may recall, was acquired from the Mets in the Jay Bruce trade last year. He played in 49 games for the Mets, but spent all of last year and this year in the minors. In parts of seven minor league seasons he’s hit .295/.357/.461 with 67 homers and 87 stolen bases in 631 games.

Herrera, one time a top-5 prospect of the Mets, was expected to play in the bigs this year, but hasn’t. He was expected to challenge for the starting second base job for the Reds next year, but that’s obviously in doubt now. The worst part: he’ll be out of minor league options next year, so the Reds will be pressured to either put him on the big league roster fresh off an injury or else risk losing him via waivers, which I suspect he’d be unlikely to clear.

Yu Darvish’s no-trade list revealed

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Ken Rosenthal has found out the ten teams on Yu Darvish‘s no-trade list per his contract. They are the Orioles, Red Sox, Cubs, Indians, Rockies, White Sox, Tigers, A’s, Pirates and Blue Jays. He has no right to veto trades to any other team.

As we’ve noted in recent days, the Dodgers are said to have a “strong interest” in Darvish. It’d not be at all surprising to see other contenders in on him too, at least as long as the Rangers keep listening to offers. In the no-trade category, it would seem that the Cubs and Indians would have a need, but it’s doubtful the Indians would make that kind of deal. The Cubs may, but of course they’d have to sweeten the deal for Darvish in order to get him to agree to waive his no-trade rights (which is often the point of having a no-trade provision).

Beyond the Dodgers, the Yankees and Astros are obvious potential suitors.

Darvish is 6-8 with a 3.44 ERA and has struck out 143 batters to only 43 walks in 133.1 innings.