Baseball Bits #11: How Much are Harper, Machado, Really Worth?

Welcome to the final article of my initial 2018-19 MLB free agency coverage.  Bryce Harper and Manny Machado may be the Top 2 free agents of the off-season, but how much money are they really worth?  Keep reading to find out my take.  If you haven’t seen them yet, you can also check out my previous MLB free agency articles at the links below.  In February, I may also have some updated predictions on where the final remaining free agents will sign, so stay tuned.

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MLB 2018-19 Free Agency Coverage – Tentative Schedule

Week of November 19: MLB 2018-19 Free Agency Predictions: Pitchers

Week of November 26: MLB 2018-19 Free Agency Predictions: Catchers & Infielders

Week of December 3: MLB 2018-19 Free Agency Predictions: Outfielders & Trade Ideas

Week of January 21: Baseball Bits #11: How Much Money are Harper, Machado Really Worth?

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It’s been a crazy off-season so far.  The Mariners have completely refreshed their roster, and the Dodgers dealt away Yasiel Puig and Matt Kemp in one trade.  Winter Meetings were not only full of trades, but also free agent signings.  Many of the top free agents, including Patrick Corbin, J.A. Happ, Nathan Eovaldi, Michael Brantley, Josh Donaldson, Wilson Ramos, Yasmani Grandal, and Andrew McCutchen have been signed.

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But the top two free agents of the off-season, Bryce Harper and Manny Machado, remain unsigned.  Harper and Machado are regarded as a couple of the league’s best offensive players, and among free agent batters, Harper and Machado were the Top 2 in oWAR.  Both Harper and Machado are capable of making a mediocre team a contender, or making a team that’s already a borderline playoff contender a relevant World Series contender.  

Machado met with three teams in December: the White Sox, Yankees, and Phillies.  He is likely going to sign with one of those three teams, but he has not made his decision yet, though he has reportedly narrowed it down to the White Sox and Phillies.  Originally, I had predicted that Machado would go to the Phillies.  But after their acquistion of Jean Segura, I see the White Sox as the best fit.  There could be mystery teams in on Machado though, according to several newer reports.

Harper has not met with any teams yet, but the Dodgers, Cubs, Nationals, and Phillies among others have shown interest.  After trading away two of their outfielders and more to the Reds for next to nothing, it would not be smart for the Dodgers to pass on Harper.  But I think there’s a chance he’ll sign with the White Sox or Phillies as well.

Although they have some different suitors, one thing Harper and Machado have in common is their demand for a big contract.  Harper turned down a 10 year, $300 million contract offered by the Nationals back in September. Machado could also reportedly sign for $250-300 million or more.  But are Harper and Machado, let alone any free agent batter worth that much money?

I did some research on some free agents throughout the last 12 years.  I looked at free agent batters and pitchers who were Top 50 in oWAR or pWAR the season before they hit the open market who ended up signing for at least $12 million/year and at least $45 million total.  I researched their stats the following year. Did their WAR improve or decline? I looked at other stats too, like OPS for batters, and ERA for pitchers. The goal is to gauge how much Harper and Machado are really worth based on how big an impact they could realistically make right off the bat.  Keep reading to see my research and some interesting “Baseball Bits” that I found through my research.

The Research

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The “Baseball Bits”

  • Of the 23 free agent batters since 2006 who were Top 50 in oWAR and signed for at least $12 million/year and $45 million total:
    • Only 2, or 8.7%  (Lorenzo Cain and Nelson Cruz) saw an increase in oWAR AND OPS throughout their contract, and only 1 of the 2 saw an increase in oWAR of 1.0 or more (Cruz, 4.2 → 6.0)
    • Only 4, or 17.4%, saw an increase in oWAR OR OPS throughout their contract:
      • Cain, 2017-2018
      • Justin Upton, 2016-2017
      • Cruz, 2014-2015
      • Victor Martinez, 2010-2011
    • 19 of the 23 (82.6%) saw a decrease in both oWAR AND OPS, and 14 of those 19 (60.9% of all the free agents, 73.7% of the 19), saw an decrease by 2.0 or more in WAR or 0.2 or more in OPS
    • Only 7 of the 23, or 30.4% were under 30 as a free agent
      Of those 7, 6 saw a decrease in OPS AND oWAR
    • Only Justin Upton saw an increase in OPS, while none of the 7 saw an increase in WAR
    • Harper and Machado both had an oWAR between 4.0 and 5.0 in 2018.  12 of these 23 free agents also had an oWAR between 4.0 and 5.0. Of the 12:
      • 2 saw an increase in both oWAR and OPS
      • 1 saw an increase in OPS
      • 9 saw a decrease in both
    • Harper and Machado both apparently want over $250 million.  Only 1 free agent hitter since 2006 (Alex Rodriguez, 10 years, $275 million) received that much, and he saw a significant decrease in both oWAR and OPS the next year.  Robinson Cano (10 years, $240 million) made almost that much and saw a mild to moderate decrease.
  • Of the 17 free agent pitchers since 2006 who were Top 50 in pWAR and signed for at least $12 million/year and $45 million total:
    • Only 1 (Max Scherzer) saw an improvement in pWAR AND ERA the next year
    • Only 2, or 11.8%, saw an improvement in pWAR OR ERA the next year:
      • Scherzer, 2014-2015
      • Jon Lester, 2014-2015
    • 15 of the 17 (88.2%) saw a decline in pWAR AND ERA.  12 of them (80% of the 15, 70.6% of of all the free agents) saw a decrease in ERA or pWAR by 2.0+
    • Only 5 of the 17 were under 30 at the end of their first year of the new contract (Barry Zito, CC Sabathia, Jon Lester, Max Scherzer, Johnny Cueto).  Only 2 of the 5 (Scherzer and Lester) saw an increase in pWAR or ERA
    • None of these free agent pitchers were paid anything close to $250 million.  The largest of their contracts went to:
      • David Price, 2015-2016 (7 years, $217 million)
      • Max Scherzer, 2014-2015 (7 years, $210 million)
      • Zack Greinke, 2015-2016 (6 years, $206.5 million)
      • Of these 3, only Scherzer saw an improvement in pWAR OR ERA

The Verdict

Very few of the free agents since 2006 saw their WAR, OPS, or ERA improve on their new contract.  You have to take into consideration that Harper and Machado are younger than any of these free agents.  However, 3 of the 4 free agent batters who saw an increase in WAR or OPS were actually 30 or older.  This may be due to the fact that it’s easier to judge an older free agent.  But both Harper and Machado entered the league as teenagers and have proven themselves throughout the years.  Finding the right young free agent is hard, as it’s not everyday that two proven 26-year old sluggers hit the open market in one off-season.  I also saw different results among free agent pitchers, as both pitchers who saw either their ERA or WAR improve on their new contract were under 30.  Plus, both of the free agent batters who saw their stats improve had an oWAR between 4.0 and 5.0 the year before signing, just like Harper and Machado did in 2018.  However, it’s not like the teams in the market for Harper and Machado necessarily expect better stats throughout their new contract, especially if they’re looking to sign 8-12 year deals.  Some might not even expect improvement from 2018 to 2019.  But you should expect your $300 million dollar free agent to improve the next year.

The real question is, should anyone (even the Dodgers) pay Harper or Machado $300 million?  Similar contracts that have been signed in the last 10-12 years have not ended up working out so well.  Alex Rodriguez signed a 10-year, $275 million deal with the Yankees in 2008 (the most among the free agents I researched).  He was a star player for the Yankees early on in the contract, but his stats saw a decline in Year 1 of the contract, and by 2015, his stats had declined significantly.  Maybe the steroids had something to do with it (2014 was the year he missed for steroids), but he was no longer the same A-Rod when he returned from his suspension, and he ended up retiring the year before his contract expired.

The only other free agent batter who even came close to receiving that kind of contract was 2B Robinson Cano, who signed for 10 years, $240 million with the Mariners in 2014.  Things have worked out in the first half of his contract, but he didn’t quite play at the level he did with the Yankees.  Who knows, maybe he will improve after being traded to the Mets and returning to New York City, but so far, he has begun to slowly decline during his new contract.  He’s still a key piece in the lineup, but he made even more of an impact with the Yanks.

Harper and Machado are a unique situation, but it would be silly to give them $300 million only for them to decline significantly.  I can’t see any team giving Harper or Machado much more than A-Rod without regretting it later.  They are younger and Harper nearly won the Triple Crown in 2015, so maybe they’re worth a little more, but not $300 million.  I don’t think Machado is worth more than A-Rod, and his attitude has turned some teams off.  I think he goes to the White Sox, but it would be ridiculous to give him much more than $25 million/year.  A 10 year, $260 million deal could work.  As for Harper, he may be worth a little more due to his MVP season, and the Dodgers should be willing to bid a little more after their trade with Cincinnati.  But he’s still not worth $300 million or more.  9 years, $288 million would be more reasonable.  The Dodgers may end up giving him over $300 million, but I don’t think it’s worth it.

That’s all for this edition of Baseball Bits.  Stay tuned for more MLB coverage soon, including my MLB 2019 Season Predictions (which will come after the NFL season ends and Harper and Machado finally sign).

 

 

Ranking The Teams 18-13: My Version: Who’s Weaker Than You Think?

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Alright, welcome to Part 3 of my preseason power rankings.  Most of the bad teams have been mentioned, but there are 18 teams left.  The rest of these teams are playoff contenders, but what teams have unclear weaknesses that will cause them to just miss the playoffs?

18. sanfran-giants San Francisco Giants

So, the Giants did all this stuff in the off season to improve their team and attempt to win their fourth straight even year world series, but what happened?  They have holes.  The rotation has really improved between Johnny Cueto and Jeff Samardzija.

However,  the bullpen is short on people and the lineup has some missing aspects.  They have a solid closer and set-up crew but beyond that, what is there?  Especially after losing Yusmeiro Petit the Giants are short on extra bullpen insurance.

The lineup also has some issues.  The lineup has some really bold players, like Hunter Pence, Buster Posey and Denard Span, but the rest of the lineup lacks power.  Sure, Matt Duffy, Joe Panik and Brandon Crawford are all right, and they make up for it on defense, but in the lineup, they aren’t major contributors.  They needed to sign some powerful hitters if they wanted to win another World Series.  So, the Giants may look good on paper, but when it comes to game-time scenarios, they are somewhat deprived.

Projected Record: 84-78

 

17.  houston-astros Houston Astros

I know what you’re thinking.  “The Astros?”  “They’re stacked, and they’re going to be a contender”.  Yes, the rebuild helped this team escape insanely bad times but sometimes there’s such thing as too young.  They don’t have enough veterans.  I think that the young, short duo of Jose Altuve and Carlos Correa are overrated.  Some aspects of the lineup are short on power.  Sure, they have a very strong outfield, but the infield players are overrated hitters and don’t contribute as much of the lineup.

The rotation is mixed between very good veteran pitchers and young new guys to the rotation,  The rotation is really good but they do have their weaknesses.  The bullpen needs depth and the lineup is lacking power.  This team looks similar to the Giants, but younger, and some of these once prospects aren’t paying off. causing them to be worse.

Projected Record: 79-83

 

16. new-york-yankees New York Yankees

The Yankees had a decent 2015, but besides a few trades, they haven’t changed or improved much.  The pitching staff is stacked.  After adding closer Aroldis ChapmanAndrew Miller and Dellin Betances will serve as strong set-up men.  The rotation is also really good but it lacks an ace.  Masahiro Tanaka and Michael Pineda, maybe even CC Sabathia may have to share the role.

The lineup is a bit of an issue.  First things first, it again lacks power, they don’t have any all star players to lead the lineup.  Also, the lineup has no youth to it.  It is made of a bunch of washed-up older players.  This whole team is a very old team, the players, even the franchise itself.  Unless they rebuild, working with their strong farm system, it looks like the Yanks will be stuck in this position for a while.

Projected Record: 85-77

 

15. arizona-dbacks Arizona Diamondbacks

The D-Backs were very bold in the off season.  They went from one of the most horrible teams just after a rebuild to a middle ground team that could potentially be a playoff contender.  They now have some foundation to their pitching staff, a good front three starters, and a good closer and set-up man.  New additions to the Diamondbacks pitching staff include Zack Greinke, Shelby Miller and Tyler Clippard.  They already had a strong closer in Brad Ziegler who will now take the spot of A.J. Schugel, helping Evan Marshall in the 8th inning.  The rotation is looking a lot better, with Greinke, Miller and Patrick Corbin taking the top, and young pitchers with lots of potential, Robbie Ray and Rubby De La Rosa, in the back end.  However the lineup still lacks power.

They might have Paul Goldschmidt and A.J. Pollock, with David Peralta and Yasmany Tomas making some contributions but there are no solid hitters besides that.  Neither Jean Segura nor Chris Owings have learned to hit much.

Okay, maybe I’m exaggerating a bit, I’ve never been fond of young D-Backs stars Jake Lamb and Chris Owings, and I might be underrating them.  I might  be underrating this team.  If you D-Backs fans and players think I am, show me what your team can do and I’ll give them more credit mid-season.  Could the D-Backs be world series champs of the future, and playoff, even division contenders now?

Projected Record: 88-74

 

14. seattle-mariners-logo Seattle Mariners

The Seattle Mariners were a very sucky, disappointing 2015 team.  But, they made a bunch of off season moves that made them look a whole lot better.  The lineup still doesn’t have enough strength in it between Kyle Seager, Nelson Cruz, newcomer Norichika Aoki and others, but they really improved their pitching.

Their bullpen looks a lot better, now led by Steve Cishek and Joaquin Benoit.  Justin De Fratus is another contributing factor along with Charlie Furbush.    The rotation looks better too.  The Mariners re-signed Hisashi Iwakuma and acquired Wade Miley and Nathan Karns to help.  Taijuan Walker also has a lot of room to grow and develop into a high level pitcher.

Between a mediocre lineup with a new look and a completely revamped pitching staff it looks like the Mariners could be contenders.  Their not necessarily going to dominate the postseason, but they could snag a wild card for their first playoff appearance in ages.

Projected Record: 87-75

 

13. Toronto_Blue_Jays Toronto Blue Jays

The Blue Jays had the best lineup in baseball going into 2015 but didn’t really have much pitching until the trade deadline.  They lost their ace David Price but have a strong back end to the rotation and an acceptable bullpen.  But the Blue Jays lost more than just their ace this off season.  They lost outfielder Ben Revere, and some reserves in their lineup.

Their bullpen still lacks back of the bullpen pitchers and is mostly filled with middle relievers and long relievers who missed the rotation.  Their lineup is a little too old despite a decent farm system ready to take over some of the team and their rotation has no clear SP1 or ace that can be a leader in the pitching staff.  This team has some good players, but what they have doesn’t quite fit their specific needs.  It’s a great team if they have other players to fill the holes and all a stars have a position to play.

Projected Record: 89-73

 

 

So, that’s all for this portion of my preseason power rankings.  Who will be in Part 4?