I’m still reeling from the Jonathan Papelbon signing, but I suppose there is one thing that makes it slightly less odious than first considered: as Ken Rosenthal notes, the signing may not cost the Phillies their first-round pick.
That’s because signings this offseason are going to be covered by the new collective bargaining agreement and that new agreement may very well do-away with draft pick compensation. Meaning, the Phillies may not — may not — have to send a pick to Boston for the privilege of massively overpaying Papelbon.
It’s possible, however, that the Red Sox may still get compensation picks, just not at Philly’s expense. Basically, MLB might just decide to print up picks like so much diluted common stock. Which makes everyone slightly worse off instead of making one team — Philly — massively worse off.