OK, So Is It Omar or Injuries? (Now With Update!)
The Mets starting lineup (including our starting pitcher) on August 11th was very close to the worst possible starting lineup a professional team could field given the assumption of good faith, in that a clone of every starter in the game could have been acquired off the waver wire during the past week and a half; (indeed, our starting pitcher for that game was subsequently released). A fair question to ask then is, yes, the Mets have been ravaged by injuries. But they also field a payroll of about $130M (the $140 mark is misleading, since it accounts Sheffield's salary as being liable to the Mets). Even with these injuries, should this team be this bad?
From an analytical perspective, I would think that answering this question would involve two steps:
1st. Findo out how much in player WAR have the Mets lost to injury, and how much salary have they lost to injury.
2nd. After injuries are taken into account, examine how their leftover salary compare to the leftover WAR. All in all, what does this say about management?
The injuries endured by the Mets fall into two categories: those that concern us as humanitarians: (Alex Cora, Angel Pagan, Ramon Martinez, the Home-Run Apple) and those of baseball importance. The second category can be divided into three subcategories: those that are primarily germane to the Mets' long-term organizational health (Fernando Martinez), those that weakened the Mets at particular positions (Maine, Nieve, Niese, Putz, Church, and Schneider) and, of course, the Chuck-Norris roundhouse kicks to the groin that ripped the season a new one on the other side (Reyes, Beltran, Delgado). The 4 biggest injuries (including Maine's) have cost the Mets 12.6 wins (attributing to injuries the total differential in WAR from 2008 to 2009, which is a stretch for Delgado but remains somewhat plausible). The effects of the rest of the injuries are far more difficult to quantify. Schneider's drop in WAR cannot be plausibly attributed to injury, since Jerry Manuel's man-crush on Omir Santos plays a major role; and though it would have been nice if Niese and Nieve had held up long enough to spare Metsland a few more Livan starts, there isn't enough data to draw even the most cursory inference. (That Livan was allowed to be so prolifically bad for so long is almost totally the responsibility of management regardless, as is the lobotomy party that was the Perez contract, which is why Perez' post-lobotomy fatigue goes unmentioned here.)
So assuming all else to be equal besides the injuries, the Mets should be expected to win 76 games, which is exactly what they're on pace for. End of story then, right? Not exactly. First of all, the Mets are on the hook for over $90 million for those 76 wins, which in terms of marginal payroll efficiency means that the Mets this year have paid over $75 million for the 28 wins that would have been beyond the reach of a replacement-level team. (It is really even worse than these numbers suggest, since the Mets also have to be held accountable for the portion of their injured stars' salaries that was actually utilized.) This leads to the question: where has that money gone? Secondly, the 2009 Mets are not the 2008 Mets with injuries. They are different on several fronts, leading one to ask what the effect of these changes was.
Investigating one sector at a time:
The Bullpen: +2.3 WAR (from '08 to '09) / $29.37 MM / + $8 Million (from '08 to '09)
The Met bullpen was historically inefficient as bullpens go in 2008, posting a return of -0.2 wins on a $20 million investment. In 2009, the Mets are at least on pace to generate a positive return of 2 wins for an additional $8 million. (For the curious among us, about half of the differential comes purely from not having the option of inserting Scott Schoenweiss or Aaron Heilman into the late innings of a major league game. One and a half wins come from the rebound seasons of Pedro Feliciano and Bobby Parnell. About half a win comes from the likes of Elmer Dessens not being as far south of replacement level as a Jorge Sosa, and the balance comes from Frankie Rodriguez being one win worse than Billy Wagner. Frankie has been worth all of .3 WAR this season--good for a value of $1.3 million--while J.J. Putz's contribution has been negligible. The Mets shelled out $37 million (plus an absurd option for 2012), and a boatload of prospects in addition to Endy Chavez for these respective "commodities".
Wright, Santana, and Castillo, -3 WAR (generously) / $34.5 MM / + 10 Million
The Mets have (thus far) lost 4 wins from David Wright's stink-bomb (by his standards) of a season and Santana has skimmed 1.8 from his total last year. Assuming that Dub and Santana play out the year up to their standards, it is highly unlikely that they will come to within 4 wins of last year's production collectively. Luis Castillo has improved from last year's debacle by about a full win. These three collectively will--optimistically--produce 3 wins less than last year for $10 million more--going by the $13.5 million figure for Santana's salary in 2008.
The Mets' Outfielders and Daniel Murphy: - 4(!) WAR, / $5.31 MM / - $7.4 Million
Not supported by miracle seasons from Daniel Murphy and Fernando Tatis, and without the steady defensive presence of Endy Chavez, the Mets outfield productivity has dropped by an astonishing 4 wins. (To Omar's credit, he is only paying this year's contingent about $5 million compared to last year's $12 million, attributable to his shrewd and crafty decision not to resign Moises Alou.) Aside from Beltran, the Mets have fielded a replacement-level outfield. (I'm not even counting Nick Evans' bizarre output of -0.5 WAR in 47 PAs, which simply has to be a simple fluke in the WAR system. Nick might not be our 1B of the future, but he's not five full wins below replacement over a full season.) This number would be even worse if not for Angel Pagan's surprisingly adequate performance in center. (He's on pace for 3 wins over a full season.)
Ollie...-1.7 WAR / $12 MM / + $5.5 Million
Raise your hand if you saw this one coming. Pelf has been pretty much the same this year as last, except this year he's doing it without unsustainable strand rates, a better K rate, and without throwing one pitch 80+% of the time. Sam Page said it, as do I. Pelf is showing promising signs.
#5 Starters: + 0.3 WAR / $3.30 MM / -$8.2 Million
Sucking is cheaper without the greatest pitcher of our generation. Our replacement pitchers have actually been slightly better than one would expect, on pace to be about .8 wins above replacement level.
Catcher: -1.3 WAR / $7.5 MM / Negligible Payroll Difference
Schneider by himself accounts for the full 1.3 WAR drop from last year. It is likely that both gaps will narrow to the point where by year's end, Jerry Manuel will only have cost us one full win by overplaying Omir Santos.
Totals: -7.4 WAR / ~ $130 MM / Negligible Payroll Difference
All told, the Mets have lost 12.6 wins and approximately $ 30 million to injury. They have also lost 7.4 wins for reasons having nothing to do with injury between 2008 and 2009 and paid approximately $90 million for an expected victory total of somewhere between 69 and 77 wins. How has this money been so badly mismanaged? There are a number of primary culprits. But in my estimation, there is one dominant factor that explains Omar Minaya's wasteful management.
He gets bad players and overpays them.
There is more to this theory than you might think. Consider Oliver Perez, Alex Cora, Luis Castillo, Tim Redding, Brian Schneider, Jeff Francouer, and Scott Schoenweiss. These players are, collectively, about $33 million of suck. This might not be so bad if a couple of them were at all valuable or if a couple came real cheap. But in actuality, they all suck really hard and they are all wildly overpayed. These are incomprehensible wastes of money and roster space that burn payroll and take up spots that could either go to good players who cost money or crappy players who are at least inexpensive.
There is one other element to Omar's absurd inefficiency that should not go unmentioned.
He overvalues relievers, especially closers, drastically.
$25+ million in 2009 are going to three closers, who have produced .3 wins between them. No sooner have the Mets dug themselves from the Billy Wagner hole than Omar digs them into a new one with Francisco Rodriguez. The Mets will be on the hook for $11 million until 2011 and are at high risk of burning $17.5 on him in 2012 with an automatic vesting option.
Take away the pure suck blockages and the money burnt on relievers and the Mets payroll trims down to a reasonable $72-or-so million dollars. From those $72 million, remove the $30 million currently rehabbing and the Mets are sitting pretty at $42 million dollars for a 74-ish win team, which amounts to $28 million for about 25 marginal wins. Take into account how top-heavy the Mets are, that their injuries happen to befall their most valuable players, and that Johan Santana and David Wright combined make almost exactly $28 million, and this is a perfectly reasonable place to be for the 2009 New York Mets. Instead, the Mets are a laughingstock, with $90+ million of uninjured payroll fielding a near-replacement team.
What Omar lacks (and this has been pointed out before) is the ability to translate a perception of on-field value to monetary value, as well as the ability to gauge his options with regard to their contributions on a per-dollar basis. He is completely incapable of doing this. His mind operates in the following manner: "K-Rod good closer...good relievers are important...offer 3 years and $37 million...dat sounds right!" without taking things into account like: "How important are good closers compared to good relievers in general, and how do these two options compare in terms of efficiency?" That last thought is not one that will ever find its way into Omar's brain.
I don't know why Omar misjudges talent the way he often does, and I don't particularly care to know. My theory is that he thinks he can predict the future when someone kicks him in the nuts, and that's how he makes his decisions. It would explain why Omar was so invested in Tony Bernazard, as Bernazard was probably essential to Omar's player evaluation system, since he would kick Omar in the nuts harder and more reliably than anyone else. Hell, it was probably Tony Bernazard who put the idea in Omar's head in the first place. The point however, is that the debacle of 2009 cannot be excused because of injuries. Injuries happen, and the Mets have not really suffered an abnormally large amount of them. They have simply been unfortunate in that their injuries struck 3 of the 5 most valuable members of a team that only has 6 valuable members. That last number is the real problem.
(Update: A couple of trenchant comments have impelled me to take another angle at the Mets cost effectiveness, this time in accordance to the roster's Tenure Status)
Principle Players Who Have Not Yet Been Eligible for Free Agency:
Utilized Salary: $16.14 Million WAR: 8.2 (Wright/Reyes/Pelfrey/Feliciano/Parnell/Maine)
(All players developed by the Mets or acquired before reaching arbitration eligibility)
Principle Players Acquired as Free Agents or In the Course of A Contract Negotiated as a Free Agent:
Utilized Salary: $67.9 Million(!) WAR: 7.6 (Beltran/Delgado/F. Rodriguez/Santana/Wagner/Castillo/Perez/Castro)
(No player developed by the Mets)
Complimentary Players Not Yet Eligible for Free Agency:
Developed By The Mets: (F. Martinez/Murphy/Evans/Santos/A. Hernandez/Niese)
Utilized Salary: $1Million; WAR: .9
Acquired by Trade: Putz/Socks/S. Green/Church/Reed/Schneider/Francouer/Nieve/Pagan
Utilized Salary: $9.13 Million; WAR: 1.3
Total: Utilized Salary: $10.13 Million; WAR: 2.2
Complimentary Free Agents:
Utilized Salary: $6.1 Million; WAR: 1.8 (Cora/Sheffield/Tatis/Livan/Redding)
Fossum and Jetsam
"Utilized" Salary: ~$1 Million; WAR: -1.2 (9 Players)
This shows that the Mets have gotten 8.2 wins from their principle home grown players (of which there are only 5, two of which are relievers) in spite of injury, and that these wins have cost $16.14 Million--almost exactly 2 million per marginal win, exactly half of the free agent rate.
At the same time, the Mets' big-ticket Free Agents have produced 7.6 wins at the cost of 67.9 million (again, discounting injury from cost) for a value of $8.93(!) million per marginal win, and over double the cost of wins in a free agent market. Omar's performance on free-agency can with total justification be called disgraceful.
Omar's complimentary free agents have brought the Mets 1.8 wins at the cost of $3.4 million per win.
The Mets' home grown complimentary players are producing little, but at good value, and we should expect Fernando Martinez, Jon Niese, Nick Evans and Daniel Murphy to become more productive and more valuable as time passes. The Mets complimentary players acquired by trade, on the other hand, have brought the Mets only 1,3 wins at the cost of $9.13 Million, a cost-per-win of $7.02 million that is only slightly less embarrassing in per-dollar terms than his big signings.
And finally, the Mets have had 9 players on their roster that qualify as waiver-wire material. Some of these were stop-gaps while the injuries piled up, but 9 roster spots taken by 9 different AAA call-ups?
The second (last?) final verdict:
While it's true that Omar has not been efficient in a value-per-dollar sense in free agency, it has been pointed out that it is nearly impossible for any GM to be efficient in a free agent market. While there is much truth to the notion of the inefficiency of free agency, this in itself does not excuse Omar's profligacy, for a number of reasons.
1st: Unless I am mistaken, the market for free agency stands at about $4.1M per win and is deflating. This means that Minaya is paying twice the market rate for free agent wins, with the market rate defined as the amount (on average) that each free agent dollar yielded in wins throughout MLB. Omars performance is being measured according to the league average and he is thus shown to be falling short of his peers.
2nd. Although Castillo has been productive this year, his contract remains a liability, as are the contracts of Billy Wagner, Scott Schoenweiss, Frankie Rodriguez, Oliver Perez, Tim Redding, and Alex Cora. These contracts are not a part of the natural order of things. They are not the way free-agency works. They are incompetently managed wastes of money and were readily apparent as such from the moment they were offered, and they are a major part of the reason why Omar has been as inefficient as he has been in the free agent market. I can accept paying a premium for one of the top pitchers in all of baseball and the best center-fielder in the game, but if Omar had negotiated free agency like an average GM, we would see the occasional albatross balance out with the bargains and we would be paying perhaps $5-$6 million per free agent win; we would not see money being incessantly thrown away on relievers and crappy pitchers so as to balloon our free-agent value to $8 million per win, especially in the 2008-2009 FA market, when guys like Orlando Hudson, Bobby Abreu, Rafael Furcal, Andy Pettite, and Pat Burrell were signing for peanuts.
3rd. Omar has not neglected his farm as badly as advertised. He has been reluctant to trade the Mets' true blue-chippers and that could pay off as quickly as the second half of 2010, when guys like Niese, F!, Mejia, and Ike Davis start to make their presence felt. When that happens, the Mets will be left with $30 M of bad money with their deals for K-Rod, Slappy, and Ollie. This isn't insurmountable for a big-market team, but what happens when the next Ollie comes along? We are talking about a guy who thinks Jeff Francouer is a valuable player and thinks that closers are A) real and B) worth multi-year 8 figure contracts, and thinks Dan Murphy could be a viable 1st baseman. Omar's problem isn't neglect of the farm. It's translating player value to dollar value and economizing his baseball decisions to get the most bang for the buck. It's attention to detail and covering all bases. Omar is basically Jim Bowden lite.
Omar has had one major uncredited ally in his tenure with the Mets: inflation. In an inflationary environment, a contract to Carlos Beltran that initially seemed exhorbatant now seems like a bargain. However, once MLB hit a deflationary environment, Omar's multi-million dollar gaffes became even more glaring and his victories ever more qualified. Johan Santana, for all the acclaim that trade brought, will not come close to living up to his salary this year, even by free agent standards of compensation. Also, Fangraphs and the stat sites will eventually have to revise free-agent wins downward to match the deflationary environment, making Omar look even worse.
Omar has always been foolish and inefficient with his money. We see it now with everyone tightening their pockets. If Omar is allowed to continue running the Mets as the industry continues to deflate, we will be in for a depressing run of baseball for the foreseeable future.
This FanPost was contributed by a member of the community and was not subject to any vetting or approval process. It does not necessarily reflect the opinions, reasoning skills, or attention to grammar and usage rules held by the editors of this site.
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when you use math
to explain what we already know, it makes it even worse.
good article, yet depressing as all hell.
Great Post.
I think this is one of those subjects that will be good to see re-visited in the offseson, when we have the full season’s worth of data to analyze.
"We're just as bad as the old Mets, but this time nobody's laughing"
-Dallas Green
by Stephen Schmidt on Aug 23, 2009 9:39 AM EDT reply actions
Nice Idea
Good concept, but a bit sloppy in the execution. If you went to the data first, before drawing conclusions, instead of forming your opinion first, and then trying to find support for it, I think you might get some slightly different results. But, a suppose this in some ways is meant more as a rant than an analysis. And it is mostly right, and it is a good rant. But I still thought some of this was worth a more careful look.
For starters, understand that a replacement level team is one that wins about 48 games, a .300 winning percentage. For the 123 games the Mets have played so far, that means a replacement level team would be about 37-86. The actual Mets team is currently 20 games better than that, at 57-66. At a market value for free agents of about $4.4M per win above replacement level, the Mets 20 wins over replacement is worth about $88M dollars. And if the Mets finish the season at the same pace, they will win 75 games, about 27 wins over replacement, worth about $119M. So, when you say the Mets have “$90+ million of uninjured payroll fielding a near-replacement team” that’s really not supported at all by WAR. The truth is, that $90M in payroll is fielding about a $120M team. At least according to WAR and win values. That is to say, if you are relying entirely on market rate talent, you should expect $120M to buy you a losing team.
Keeping that in mind, lets take a more comprehensive look at the entire Mets payroll. What I’ve done here is to take WAR and dollar values from fangraphs, for both pitching and hitting. I put all this into a spreadsheet. For pitchers, I added their batting + their pitching value to get an overall value. Next, I added a column where I put in the salaries this year for each player. Since the season is only 75% through, I took 75% of this in another column, in order to compare value so far on an even basis with pay so far. Then I calculated a “net value” for each player, as their dollar value less their salary.
Here are the results:
NetValue Name
$9.79 David Wright
$5.42 Mike Pelfrey
$5.27 Angel Pagan
$3.80 Omir Santos
$2.81 Luis Castillo
$2.60 Bobby Parnell
$2.00 Gary Sheffield
$1.90 Jonathon Niese
$1.30 Pedro Feliciano
$0.93 Fernando Tatis
$0.70 Cory Sullivan
$0.61 Livan Hernandez
$0.54 Jeff Francoeur
$0.40 Fernando Nieve
$0.15 Sean Green
$0.14 Ramon Castro
$0.10 Darren O’Day
$0.10 Andy Green
$(0.01) Brian Stokes
$(0.07) Ryan Church
$(0.20) Emil Brown
$(0.30) Nelson Figueroa
$(0.30) Pat Misch
$(0.40) Wilson Valdez
$(0.40) Ken Takahashi
$(0.60) Anderson Hernandez
$(0.60) Elmer Dessens
$(0.70) Jon Switzer
$(1.00) Argenis Reyes
$(1.10) Angel Berroa
$(1.50) Daniel Murphy
$(1.55) John Maine
$(1.59) Jose Reyes
$(1.90) Alex Cora
$(2.10) Nick Evans
$(2.50) Ramon Martinez
$(2.60) Fernando Martinez
$(2.80) Johan Santana
$(2.89) Tim Redding
$(3.08) Jeremy Reed
$(3.25) Carlos Beltran
$(3.58) Brian Schneider
$(4.00) J.J. Putz
$(5.58) Francisco Rodriguez
$(5.70) Carlos Delgado
$(7.67) Billy Wagner
$(10.80) Oliver Perez
$(30.21) Total
Now, if relying on free agent market rate talent still buys a losing team, it should be obvious that the key to building a winning team is to have at least some young below market talent coming off the farm that has not yet reached free agency. So lets start there:
Pre-Free agent young talent
+$ 31.0M : productive (Wright, Pelfrey, Pagan, Santos, Parnell, Niese, Feliciano, Francoeur, Nieve)
-$15.12M : under producing (Reed, F. Martinez, Evans, J. Reyes, Maine, Murphy, Berroa, A. Reyes, A. Hernandez)
The Mets did manage to get some production from young talent off the farm, but a net of only about $16M worth. Now, I did lump two players in there in Maine and Reyes who were hurt by injury, but most of this is due to several other players who were healthy, and still produced sub-replacement level value when given the chance to play this year.
Post-FA starting talent
+$2.8M : productive (Castillo)
-$46.3M : under producing (Perez, Wagner, Delgado, F. Rodriguez, Putz, Schneider, Beltran, Redding, Santana)
Here’s where the money has really gone down the sinkhole, to the tune of -$43.5M net. You beat up on the Castillo deal, but this year he’s been the best value of the significant FA and trade acquisitions, and the only one worth more than he is being paid. I think you are dead right on the bullpen arms, with Wagner, K-Rod, and Putz accounting for $17.5M of overpayment here, but the starting pitching is nearly as bad, with Perez, Redding and Santana combining for another $16.5M in waste. And then Delgado and Beltran, two past their prime players, account for nearly another $9M in overpayment. Yes injuries played a role there, but injuries ought to be expected for players in their 30s.
In addition, every player in this group, aside from Redding, was either signed or acquired in a manner which cost significant talent from the farm. Not only are these players under performing their contracts, but the players given up to sign and acquire them are the primary cause of the lack of young talent noted above.
Minor Bench, Platoon, and Bullpen signings
+$7.43M : productive (Santos, Sheffield, Tatis, Sullivan)
-$6.53M : under producing (R. Martinez, Cora, Dessens, Takahashi, Valdez, Misch, Figueroa, Brown)
Here’s where I think you are being a bit unfair, especially focusing on Cora, where you dismiss his injury up top as not of baseball importance, then complain about his performance, which has been largely due to playing through that injury. If you are relying on fangraphs WAR, Cora was a $3.3M player last year, and a $2.3M player the prior season. That’s normally a reasonable signing for only $2M. Moreover, if you are going to look at every minor move that ends a negative, you also have to give credit for the poistives, like the signings of Santos, or Sheffield, or Tatis, or the trade for Pagan (not included here because I put him with the young talent above). On balance, Omar hasn’t been any worse than average with these signings. And this category is a net +$1.1M.
To sum up, the real issue for me here is the decimation of the farm system. Overall, I don’t really even think Omar has spent money poorly; it’s not so much the money spent as the young talent given up just for the right to pay market rate talent. Omar’s big flaw is his love of big splash big name moves. That especially is true with regard to the pen. Financially, elite relievers aren’t that much worse an investment than other big name talent. What is truly unforgivable is also giving up first round draft picks for bullpen talent. When the Mets got Wagner, the Phillies got Kyle Drabeck and Adrian Cardenas. That is going to hurt more than what ever he was “overpaid”.
by acerimusdux on Aug 23, 2009 11:28 AM EDT reply actions 4 recs
Context
Good data, and really good analysis. I have one issue with the overall methodology, though I encourage you to correct me if I am wrong; I admit that I may be interpreting this incorrectly.
If I understand win values correctly, free agents are almost always going to be overpaid, because the player talent market is heavily distorted by arbitration-eligibility rules and player control rules. There is a glut of cash chasing free agents, who, by virtue, will almost always be less valuable than the younger players. Competitive free agency drives salaries up, so the open market is going to be a worse deal, by rule. If the average player comes up at age 23, he’s controlled through age 28 or 29, depending, and he’s probably already hit his peak seasons.
In other words, if David Wright were a true free agent when he was signed to his extension, there is no chance in hell that he would have been had for such a low price.
Here’s my issue, then, with this: without context, all we know is that the Mets are above 0 on pre-FA talent, and below 0 on post-FA talent. At the same time, they’re slightly above 0 on the bottom-end talent, which also makes sense, because those players are rarely given more than a million or two, and a few are bound to produce 0-2 WAR seasons. This is what the structure of the system produces naturally; on its own, it can’t really produce a verdict on Minaya.
So, the real question is not “what are the raw values?” The question should be “What are the relative values?” How well or poorly do the Mets do across the three player categories relative to the rest of the league? The absolute values, while interesting, are not quite descriptive enough to draw sweeping conclusions.
by sjohnson125 on Aug 23, 2009 12:41 PM EDT up reply actions
I think this:
So, the real question is not "what are the raw values?" The question should be "What are the relative values?" How well or poorly do the Mets do across the three player categories relative to the rest of the league? The absolute values, while interesting, are not quite descriptive enough to draw sweeping conclusions.
Is exactly right.
Yes, the structure of the system is my point.
Quoting sjohnson above:
This is what the structure of the system produces naturally; on its own, it can’t really produce a verdict on Minaya.
This was really my point. Free agency is good for producing quick short term gains, but they nearly always come at tremendous long term cost. No GM, no matter how shrewd, can effectively succeed long term primarily through free agency, while neglecting the farm.
Moreover, ff you want to take a more comprehensive look at relative performance, I don’t think you can fairly do it on a single year basis. I think you have to include the full term of these free agent deals, and also include in the analysis the previous three years over which the Mets had the best record in the N.L, despite even then having little support from the farm beyond Reyes and Wright.
If you were to judge solely on the criteria of free agent value per marginal win, looking objectively at the whole of Omar’s tenure, and judging fairly relative to other teams, I think the conclusion you would come to is that Omar has been the best large market GM in the game over the last 5 years. I just don’t think that’s the right criteria.
For me, that doesn’t make him an overall good GM. But his failures overall clearly aren’t related to obtaining insufficient value per dollar spent in free agency. The Epstein, who I believe is a notably better large market GM, has been worse when it comes to obtaining value in free agency, with his record including such boondogles as Daisuke Matsusaka, Julio Lugo, and Matt Clement. Theo has been far superior due to the Red Sox ability to maintain a productive farm, and get production from their young players at the big league level.
You make several good points
However, I’m not yet convinced that i should significantly edit the post, for a couple of reasons.
Yes, I might have to tidy up the free agent win values measures, but I’m not working with free agent win values, really. I’m more working with overall value per dollar. The very fact that a team built on free agents could cost $120 M and still be expected to lose means it is not a useful indicator of payroll efficiency. The Seattle Mariners set the standard for inefficiency in 2008, and even they did not by wins at the free-agent retail value. Also, you did not mention (nor did I, in fairness) the extreme buyers market in the 2008-2009 offseason. In such a market, it is incomprehensible that Alex Cora should get $2 million when Orlando Hudson gets only a fraction more. It is incomprehensible also that Oliver Perez and Frankie Rodriguez should sign the contracts they signed.
Yes, the Mets are not a near-replacement team, but many of our wins came when the team was healthier than it is now. Also, against the Phillies on the 20th, the Mets fielded a replacement team with Luis Castillo. No other starter is so far worth more than one win, and only Sheff and Pagan project to be worth half a win. That can be called a replacement team in a fit of hyperbole.
Omar has actually been careful with his top prospects recently. I maintain his problem is a complete unawareness of baseball economics, and of marginal returns for marginal wins. The money is much more important than you seem to suggest IMO, because it kills the flexibility of the roster, filling it up with sunk costs and sapping payroll room. And Castillo should get a mulligan.
Cheers
Nothing can get by him; especially in a small room: Mike Francessa
by GenJackRipper on Aug 23, 2009 12:54 PM EDT up reply actions
Cora
Orlando Hudson is earning 3.5 times as much as Cora this year. That’s a pretty big fraction.
I agree Hudson would have been a good signing. He’ll earn $7.1M this year, and 75% of the way through (figure$ 5.3M worth) has already produced $11.2M in value. Castillo, meanwhile, counting last year as well, has so far earned about $10.5M and per fangraphs has produced about $10.1M of value. That’s a pretty average return so far, but the real headscratcher with the Castillo contract wasn’t so much the $6M/yr salary, but that it was a four year deal. So he gets a mulligan for his injured age 32 season, but it’s still unlikely he’s up to par for his age 35 season in 2011.
But all of these small contracts, good or bad, aren’t really enough to have that big an impact on a GM’s payroll efficiency. Even in the Ollie deal, where I expect Perez would have gotten around $8M/yr from someone else, even if Omar overpaid by 50%, a total of $12M for the contract, I don’t think the overpayment is clearly the biggest loss. If the Mets had offered arbitration, even if he accepted he would have gotten less than $12M for the season. But more likely he would have signed elsewhere, and the Mets would have landed a draft pick that would have likely been worth as much as that $12M.
Some of these smaller moves you are criticizing, I actually like. A healthy Cora is a solid bench player for $2M. Francoeur for Church was a good trade. And the Castillo contract, while a bad signing, isn’t exactly back breaking; It’s not Mo Vaughn. I really don’t think Omar’s problem here is the sum of all these smaller moves. Though I agree he needs to do a better job in valuing some of this talent.
I still think the bigger issue is not paying enough attention to the impact on the farm system, or investing enough resources there. I think Omar’s biggest miss the past offseason may turn out to be the Putz trade. That’s as bad as the Ollie deal. And it will end up hurting farm system depth, and contributing to the dearth of productive young talent to call up in the future.
by acerimusdux on Aug 23, 2009 11:08 PM EDT up reply actions
The thing is...
Alex Cora we will have to agree to disagree. He is a replacement player and is less valuable in his time than Andy Hernandy has been in a small fraction of playing time. An Alex Cora should be getting close to league minimum. That Omar threw $2M at him is just laziness. And Hudson is getting his money from incentives. Had he busted, (i.e. had he produced like Alex Cora) the Dodgers would have only been on the hook for $3.5M. The fact that Omar could not see that Cora is a replacement player and that Perez was a ticking time bomb is at the heart of the problem with Omar.
Nothing can get by him; especially in a small room: Mike Francessa
by GenJackRipper on Aug 23, 2009 11:32 PM EDT up reply actions
Interesting way to break it up
I don’t understand, however, why you put half the bullpen in the “bench” category and another half in the “starting” category. I think that muddles the fact that the bullpen has been a disaster. Also, I think excluding Berroa, Hernandez, and Reed from the “bench” category is kind of cherry-picking.
I also think its odd you talk about the comp-picks the Phillies got for Wagner. Does that assume the Mets were going to get Drabek and Cardenas? You have a point, that’s just and odd way to go about stating it.
King of the bling come to lay down the evidence//Not George Bush, L-Millz be da president
Bench
I think I did mis-classify Berroa there. But the other guys I put in the young talent category, aside from Reyes, Wright, Francoeur, and Feliciano, were all guys who have options left and could be sent down to AAA. So you have proven productive arbitration eligibles plus guys with options left who can remain in AAA if not ready to produce.
I admit I did this hastily, I haven’t checked the status on all these minor guys, and I wasn’t too clear on my criteria, but I meant the minor bench guys to include guys who if you have them on the roster, pretty much have to be in the majors. And I wanted to separate these low cost guys, guys expected to fill minor roles, plucked off waivers, released by other teams, signed as minor league FAs, etc., from the highly paid “starting” talent that is expected to produce. These are basically all of those guys pulled off the scrap heap who are neither prospects, valuable young talent, or costly big league talent.
And the total for the bullpen arms included in that group was only -$1.9M. Yes, they’ve been bad as well, but they aren’t paid much. The bulk of inefficient spending in the pen is on K-Rod, Wagner, and Putz.
As for Drabek, yes that’s somewhat more anecdotal than evidence, and the Cardenas pick wouldn’t have been ours as it wouldn’t have existed had Wagner not been signed. But while we may not have drafted Drabek, and every pick in that spot isn’t as good as Drabek, I think it remains true that the average production from a draft pick in that spot does come to something like $15M in value above salary. And, I think it does sometimes help to drive the point home to put a name on it.
by acerimusdux on Aug 23, 2009 11:57 PM EDT up reply actions
Very interesting
albeit a bit oddly organized. I was actually going to post something similar this week, so way to steal my thunder. My idea calls for a different organization, so we’ll see how the results compare, I’ll probably reference your work here. The main difference between my hypothetical post in yours is probably going to be that I don’t use 2008 as a baseline, I was just going to go relative to the league this year.
King of the bling come to lay down the evidence//Not George Bush, L-Millz be da president
A very interesting and well thought out post
While there have been debates back and forth about Omar’s flaws and the reasons thereof, this is an excellent write-up of the on that I personally think will hurt us the most, his poor grasp on economics and how to build roster depth or a roster period. I wonder how many of the players listed above are in fact Expos/Nats retreads, something about Omar which bugs me to no end.
Again, Kudos
"I reject your reality and substitute my own"
-Adam Savage
by blueandorange4life on Aug 24, 2009 12:32 AM EDT reply actions

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