Past Trade Review: Jose Contreras


By most appearances, the Yankees were sitting pretty at the 2004 trade deadline. They were 64-38, 7.5 games ahead of the second-place Red Sox and 6.5 games ahead of the next closest AL competitor. On the night before the deadline they defeated the Orioles 2-1 on the strength of a Kevin Brown performance, his first start after spending more than a month on the DL. The team looked poised to win its seventh straight AL East title.

Still, the team had a major weakness in its pitching staff. They had allowed 500 runs through July 30, the second worst mark among teams above .500. It was also 10 runs worse than the Red Sox, while the Sox had outscored the Yankees by 10 runs to that point. That must have made the Yankees feel a little less secure in their position. In fact, it led them to seriously discuss a Randy Johnson trade with the Diamondbacks.

By July 28, however, it was apparent that Johnson would remain in Arizona. But that wouldn’t stop Brian Cashman from attempting to improve the team’s pitching staff. As he commented around the time the Johnson talks fell apart, “Right now, I’m exchanging ideas with other G.M.’s [sic] and trying to improve our club.” When that quote appeared in The New York Times, few of us could have guessed the mystery pitcher. A day after publication, a minute before the 4 p.m. trade deadline, we found out, though the more surprising aspect was the player the Yankees traded away.

Photo credit: Paul Sancya/AP

The Yankees signed Jose Contreras to a four-year, $32 million deal in the winter of 2002, which led to the now infamous Evil Empire declaration from Larry Lucchino. Because the rotation was so crowded, Contreras started the 2003 season in the bullpen, though he didn’t get much work early in the season. In just eight relief appearances he allowed 11 runs, six in three appearances against the Jays and five in one appearance against the Red Sox. He transitioned to the rotation at the end of May, and in his first two starts he allowed two runs over 14 innings, striking out 12. But he strained his subscapularis, causing him to miss over two months. Upon his return he pitched well in all but one start. Of course, that one came against Boston.

In 2004, however, Contreras could not put it together, which hurt particularly because the Yankees were relying on him. They had lost Roger Clemens, Andy Pettitte, and David Wells over the off-season and needed Contreras to hold down a spot atop the rotation. After a two-out start against Baltimore on June 2, Contreras held a 7.11 ERA, having pitched just 31.2 innings over eight starts. He recovered a bit after that, bringing his ERA down to 4.84 after a July 20 start against the Devil Rays, but then surrendered 15 runs over 12 innings in his next two starts against Boston and Baltimore. With their rotation reeling — even Tanyon Sturtze had gotten a start by that point — the Yankees needed an upgrade.

Brian Cashman and White Sox GM Ken Williams got a bit creative in their deadline deal. Instead of swapping prospects for veterans, as we often see, they decided to swap underperforming vet for underperforming vet. The White Sox received Contreras, plus $4 million, while the Yankees received 2003 Cy Young runner-up Esteban Loaiza. Even though his 2004 season more resembled his spotty past than it did his stellar 2003, he was still out-pitching Contreras. Plus, he would hit free agency after the season, which left the Yankees some flexibility.

The deal could not have backfired worse. Loaiza jumped right into the rotation, much to the joy of opposing hitters. He allowed 22 runs, 20 earned, over 24.2 innings in his first five starts, striking out 16 to 13 walks and 6 home runs. In other words, he had the FIP, 6.71, to go with the ERA, 7.30. After surrendering four runs in 4.1 innings to the Jays on August 27 the Yanks removed him from the rotation, though his bullpen stint went just as poorly. He made just one more start that year, but he probably wouldn’t have gotten even that had Kevin Brown not broken his hand punching a wall.

Loaiza’s only saving grace that year was the playoffs, in which he allowed just one run over 8.1 IP. Then again, that was a pretty important, the game-winner against Boston in Game 5 of the ALCS. The Yankees let him walk after that season, meaning all they got out of the deal was two months of horrible pitching, followed by a decent playoff run marred by one enormous run.

Contreras had his troubles in Chicago, keeping his ERA pretty consistent up until his last start, an eight-inning, zero run performance against Kansas City. The next year, however, is when the Yankees regretted the deal. As they ran through a series of scrubs because of various injuries to their pitching staff, Contreras pitched very well for the White Sox, racking up 204.2 innings with a 3.61 ERA (3.89 FIP). His ERA did rise to 4.27 in 2006, the final year of the contract he signed with the Yankees, though his FIP was right around his 2005 mark, 4.00. Though the Yanks’ staff was a bit better that year, they certainly could have used a performance like that in the middle of the rotation.

While the need to improve the pitching staff in 2004 was evident, the Yankees did not win in this trade. The pitcher they acquired was actually worse than the one they traded away. The move did save the Yankees about $15 million in future salaries, but considering the state of their pitching staffs in 2005 and 2006, I’m sure they gladly would have paid that money to Contreras. We can decidedly stick this one in the loss column.

* * *
RAB Design Note

Completely unrelated to the topic at hand: We made a few design changes to the site tonight, and some of them are being a little bit pesky as they come online. Right now, the site is rendering a-OK for those using most browsers, but if the menu links are coming up unformatted with text bleeding into the main column, clear your browser cache and hit refresh. If that doesn’t do the trick, contact us with your browser and operating system info and a screenshot of the problem.

Categories : Days of Yore


  1. The entire Jose Contreras experience was indicative of the Yanks’ mid-2000s approach to pitching. Buy high and sell too low and too soon. See, for example, Javier Vazquez.

    • Tom Zig says:

      And continuing with the Javy part, the Yankees then went and bought real high on Randy Johnson. Although in fairness he was coming off an absolutely ridiculous season and in which he was robbed of a cy-young. Then the Yankees proceeded to sell low on him too.

      • steve (different one) says:

        disagree that the Yankees “sold low” on RJ.

        he did almost nothing the season after they traded him, and they saved about $14M. they also used the pieces they acquired from that trade to help get Marte, Swisher (via Washington), and Bleich (via Comp pick for Vizcaino).

        in fact, the Yankees got more from Vizcaino alone than RJ gave the D-Backs in 2007. plus they saved a ton of cash.

        no regrets on that one.

    • Yep, and indicative of how George was in charge and running the team. Shipping out Vasquez for an aging vet that George always loved was pure 1970s-80s Steinbrenner.

    • See also:
      The Lilly-to-Weaver-to-Brown and Vazquez-to-Johnson-to-Ohlendorf freight trains of impatience and overreaction.

    • Rose says:

      Which was weird because it seemed to start out pretty good when we opted for Mike Mussina over Manny Ramirez. Went with pitching…bought high on him but in his prime (unlike K. Brown/R. Johnson).

      As opposed to today when we just get both of them plus another…(see: Sabathia, Burnett, and Teixeira).

      I think we learned our lesson. I believe Carl Pavano and Jared Wright were the straws that broke the camels back…some people might say Sir Sidney Ponson, but you’d be wrong. You’d be very wrong.

      If you met two people named Flippy and Hambone, who would you say liked dolphins the most? I’d say Flippy, wouldn’t you? You’d be wrong though. It’s Hambone.

  2. YankeesJunkie says:

    I remember Jose Contreas very little as I only really started following the Yankees in 2004. However, what I remember was not very good. The Yankees always were tinkering with his mecanics especially whether or not to go over the top. My most memorable moment with Jose is when he gave up five runs to the Orioles in 2/3 IP and the Yankees came back to win the game off a strong performance of Tanyon Sturtze. Needless to say 2004 did not end well for any Yankees fans.

  3. Tseng says:

    Uh, is it just me or is the formatting on the RAB page kinda messed up?

  4. Kiersten says:

    Ick, I just don’t like to ever think of the Yankees rotation in the mid-00s. Except for Moose. I love my Moosey.

  5. I’m going to agree with Joe’s conclusion and piggyback off Kiersten’s point above—the rotation in the mid-00s was sad in many ways. While Contreras seemed to have worn out his welcome, even with his $15 mil. salary, he would have provided a good mid-rotation guy. Not sure it would have saved that show, but it would have been better than Pavano, Brown, Wright. But hey, it is what it is.

    We essentially got an NBA-style expiring contract for Contreras. It would have been nice to have gotten some prospects back instead of Loaiza, but hey whatevs. Could have possibly gotten Brendan McCarthy or maybe Gio Gonzalez.

  6. bexarama says:

    The 2004 pitching staff was hilarious, in a bad way. I do not understand how we won the division and were three outs away from a World Series appearance. At least 2005 had, gulp, Randy, and 2006 had Wang and Mussina.

    • JGS says:

      Maybe it makes what happened easier to think about, but I’ve always thought that the Yankees going up 3-0 in the first place was more surprising than them losing four straight

      • bexarama says:

        I totally agree. At the time I didn’t because I still thought HR, RBI, and BA were awesome stats, but it’s pretty obvious now. In 2003 the teams were at least pretty even. 2004 Sox were way better.

  7. Andy says:

    “They had lose Roger Clemens, etc”

    Should that be lost?


  8. MattG says:

    “The move did save the Yankees about $15 million in future salaries, but considering the state of their pitching staffs in 2005 and 2006, I’m sure they gladly would have paid that money to Contreras.”

    But this doesn’t consider how Joe Torre undermined Contreras’s confidence. Up until May, 2004, I saw no evil in Torre’s favoritism. That all began to change when he removed Contreras in an early May game in Fenway in the second or third inning while, if memory serves, the score was 7-3 Yanks.

  9. No way Jose says:

    Can we just pretent that the last inning of Game 7 against AZ through-2008 didn’t happen? Maybe it was like Lost, and we entered a parallel universe. In 2009 we entered back into the Yankees Universe. Yeah, that’s what happened ;-)

    • Bo says:

      They only went to the playoffs every yr and gave you some really exciting baseball. just because they didnt win the big prize doesnt mean the decade was a total failure. They were a bounce away here and there from adding 2 more titles.

  10. Bo says:

    One thing Jose C proved he couldnt do was pitch in NY. For some reason he couldnt handle it and he had to be moved. He didnt have half the toughness of El Duque. Which is what they thought they were getting. Some guys dont succeed in NY. It happens.

  11. Riddering says:

    (Must…not…forget…Operation: Shutdown.


    Steinbrenner and co. were kings of judging by the SSS, weren’t they?

Leave a Reply

You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.

If this is your first time commenting on River Ave. Blues, please review the RAB Commenter Guidelines. Login for commenting features. Register for RAB.