Andrew Miller for Lucas Giolito: WHO SAYS NO?!!

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The rumor mongers are churning up some good stuff about the Yankees and the Nationals maybe talking about an Andrew Miller for Lucas Giolito deal. It started with Jon Morosi saying that the Nationals were willing to trade Giolito, one of the top pitching prospects in all of baseball, to the Yankees for Miller straight up.

Taking two steps back, the idea of a Miller-for-Giolito deal seems like it’d be something the Yankees would jump at in a heartbeat. Giolito would, in the normal course, be worth more than a relief pitcher. Even a good one under team control like Miller is. So if the Nats were willing to do this, the Yankees would be fools not to accept, right?

Well, no. Jon Heyman and Joel Sherman are saying that the Yankees are looking for a massive return for Miller, more than what Cubs gave them for Aroldis Chapman. That deal netted New York prospect Gleyber Torres and three other players who have future value. Gioloto is worth more straight up than Torres, but the Yankees want another big package, not just one guy. Assuming those reports are true, are the Yankees being greedy?

Maybe not! Maybe it’s not about the Yankees’ eyes being wide. Maybe it’s about the nature of prospects and how all of our eyes get a bit wide over them, especially when national rankings are released each spring. We see Giolito or someone like him named the top prospect — or maybe a top-3 prospect — and immediately believe they are untouchable or, at the very least, close to invaluable.

But here, if the rumors are to be believed, the Nats are offering him for a relief pitcher. And the Yankees are saying “nah, we need more.” Maybe they both see something the prospect raters and coveters don’t. Maybe, in the abstract, they’re just as high on him as the raters and coveters are but maybe they don’t live in the abstract. Maybe they have the added benefit of (a) experience with the fortunes of young pitching prospects; and (b) a downside risk in loving them too much that the raters and coveters don’t have. No prospect rater risks being fired if the guy they rank #1 in any given year blows his shoulder out. Team employees have been.

I have no idea if there are legs to these rumors. I know that I like Giolito as a prospect, for whatever that’s worth, and the Yankees definitely have a need for young, projectable and controllable pitching talent. Likewise, given that they’re in a transitional period right now and given that they Have Dellin Betances, they could do without Andrew Miller if they needed to. He’s someone they could deal in order to get a guy in Gioloto who would instantly become their top prospect.

But it’s the deadline and people get a bit nuts. Teams ask for the stars, yes, but those of us on the outside tend to forget that a huge number of prospects, especially pitching prospects, never pan out. For all of the hype a deadline occasions and for as much as we see a beautiful future for each and every young hurler that comes down the pike, there are no clear answers about who is or who isn’t being unreasonable here. That is, if any of this stuff is true.

Enjoy the trade deadline, everyone. Just remember that no one knows anything and everyone, on some level, is making a bet.