Why doesn't anyone ever overpay Bob Howry?

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Bob Howry is apparently one of the most underrated or at least unluckiest relievers in baseball, because for the second straight offseason he’s managed only a one-year deal for modest money while inferior relievers get multi-year pacts for several times as much.
Brandon Lyon got $15 million over three years from the Astros. Fernando Rodney got $11 million over two years from the Angels. LaTroy Hawkins got $7.5 million over two years from the Brewers. John Grabow got $7.5 million over two years from the Cubs. Yet over the weekend Howry inked a one-year, $3 million contract with the Diamondbacks after playing last season on a one-year, $2.75 million deal with the Giants.
During the past half-dozen seasons Howry has had an ERA above 3.39 once, and in the other five years posted marks of 2.47, 2.74, 3.17, 3.32, and 3.39. He’s also been very durable, making 79, 84, 78, 72, and 63 appearances in the past five seasons. Among all active relievers with at least 500 appearances Howry’s adjusted ERA+ of 125 ranks 10th, and in the past six seasons only Mariano Rivera, Joe Nathan, Francisco Rodriguez, Francisco Cordero, Scot Shields, Chad Qualls, and Scott Linebrink have logged as many innings with a better ERA+.
Howry is 36 years old, next season will be his 13th in the big leagues, and he’s had a below-average ERA twice, yet after signing a one-year deal with the Diamondbacks he’s earned around $22 million for his entire career. Not bad money, obviously, but Lyon was just handed $15 million for three years and Danys Baez just finished a three-year, $19 million deal. Sometimes it seems like general managers randomly decide which relievers to overpay, and for whatever reason that dart has never really landed on Howry.

Royals sign Drew Storen to minor league deal

Drew Storen
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The Royals are in agreement with right-handed reliever Drew Storen on a minor league deal, the team announced Friday. Per Jon Heyman of MLB Network, the deal is worth $1.25 million if the veteran righty breaks camp with the club this spring. Additional, albeit unspecified incentives will be included in the contract as well.

Storen, 31, is coming off of a protracted absence from any MLB duties. After inking a one-year deal with the Reds in 2017, he sustained a right elbow sprain toward the end of the year and underwent Tommy John surgery that October. He was effectively decommissioned for the club’s entire 2018 run and generated little interest around the league this winter, perhaps due in part to the uninspired 4.45 ERA, 3.8 BB/9, 7.9 SO/9, and career-low -0.2 fWAR he posted across 54 2/3 innings during his last healthy season.

While it’s not immediately clear what kind of performance the Royals can expect from Storen in spring training, they’re not exactly in a position to be choosy. Their bullpen ranked dead last among all MLB teams with a collective 5.04 ERA, 4.85 FIP, and -2.2 fWAR last year, and still appears to be in a state of flux as they approach Opening Day. Skipper Ned Yost told reporters Wednesday that he intends to eschew the traditional closer appointment in 2019 and will instead utilize a combination of right-handers Wily Peralta and Brad Boxberger, lefty Tim Hill, and various others as he tackles high-leverage situations in the future.