Giants sign Andres Torres after trading him for Angel Pagan

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As if getting Angel Pagan from the Mets last offseason in exchange for Andres Torres wasn’t enough of a victory for the Giants now Andrew Baggarly of CSNBayArea.com reports that they’ve signed Torres to a one-year, $2 million deal as a free agent.

He was non-tendered by the Mets after hitting .230 with a .664 OPS in 132 games and Torres will now serve as Pagan’s backup while perhaps competing with Gregor Blanco for starts in left field.

So, to recap: Trade one outfielder for another outfielder, watch the guy you got have a very good year and the guy you gave up have a poor year, and then bring back the original guy on the cheap to serve as the new guy’s backup. Now, re-signing Pagan for $40 million may end badly, but still. Not bad, Giants.

Red Sox owner: “spending money helps”

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The other day Rob Manfred said, as he and other owners have said often in the past, that there is no correlation between payroll and winning. He said that defensively, in response to criticism of the slow free agent market of the past two offseasons.

As we have noted in the past, Manfred is not being honest about that. While, yes, in any given year there can be wild variation between payroll and win total — the Giants stunk last year, the A’s won 97 games — common sense dictates otherwise. What’s more, a recent study has shown that there is a pretty strong correlation between winning and payroll over time. Yes, you can fluke into a big season with a low payroll — Deadspin compared it to a cold snap occurring during a time of climate change — but if you want that “sustained success” teams claim they want, the best way to ensure it is to spend more money over time.

If you know anything about baseball labor history, though, you know well that the Commissioner and the owners will continue to mischaracterize the dynamics of the business as it suits them. Mostly because — present lefty sportswriters notwithstanding — very few people push back on their narratives. Fans tend to parrot ownership’s line on this stuff and, more often than not, baseball media acts as stenographer for ownership as opposed to critic. That gives owners a far greater ability to shape the narrative about all of this than most institutions.

Which makes this all the more awkward. From David Schoenfield of ESPN:

In apparent contradiction to his own commissioner, Boston Red Sox owner John Henry said Monday that, while there is not a perfect correlation between a bigger payroll and winning, “spending more money helps.”

Which is right. The correlation is not perfect — teams can spend a lot of money on a bad team if given the chance and a low payroll team like the Rays can bullpen their way to 90 wins — but you’re way more likely to win year-in, year-out if you’re spending than if you go cheap all the time and hope for a miracle season.

Which is not to say that Henry is some labor activist owner. He and his fellow front office officials have a long history of backing the league office on just about everything that matters and will no doubt do so with labor matters in the runup to the next CBA negotiation. The owners tend not to have a solidarity problem.

But Henry does seem to draw the line at peddling baloney, which is a shockingly necessary thing when the league and the union’s relationship turns acrimonious.