Via Dan Barbarisi, the Yankees and Russell Martin discussed a three-year contract this offseason before avoiding arbitration with a one-year, $7.5M pact. Talks about a multi-year deal never got passed the preliminary stages though. There is definitely some merit to signing Martin for the next few years (especially after the Jesus Montero trade), though anything longer than three years would really be pushing it just because of catcher aging and his past workload. Something like three years and $25-30M would have been reasonable.
It’s easy to know what you feel about the A.J. Burnett trade. In the last three years we’ve all developed our unique opinions about him, both as a player and as a person, even though none of us is qualified to judge the latter. Those opinions will dictate how we feel about him no longer being on the roster.
What we think of the trade that will send him to Pittsburgh, on the other hand, is something else entirely. Oftentimes our thoughts about matters like this go unexplored. It is, after all, just baseball — entertainment at its core, and fans experience it through emotions. Thinking beyond our emotions often incites ridicule. Since we know our emotions are true, anything that contradicts them must be false. QED.
On RAB we try to relate what we think about Yankees-related things, but because we’re fans we bleed into the emotional. A regular RAB post on the Burnett deal, then, would reflect how the author felt about Burnett. That includes not only Burnett’s performances, but also any other impressions he made on us in the last three years. And, of course, further away events will hold less weight. How we felt about the signing at the time might factor into how we feel, but it will be to a lesser degree than our feelings about his performances, say, this past August.
To avoid these emotional shackles, I will reduce the situation to its barest essentials. That is, facts — or at least items we can loosely term facts. Their relevancy to the matter is up for debate.
- Burnett will have still earned his $82.5 million by the end of the 2013 season, as per the original agreement between him and the Yankees. But the Yankees will have paid $69.5 million of that, and for only three seasons. Despite the way it affects official payroll numbers, the Yankees will have paid Burnett an average of $23.167 million for each season he pitched for them.
- An average annual value of $23.167 million is the 9th highest in baseball history.
- CC Sabathia averaged $23 million per season under his original contract. He averages $24 million under his new contract.
- Even though he will not throw a pitch for them in the next two seasons, the Yankees will still pay Burnett an average of $10 million in each of them.
- To obtain Burnett on what amounts to a two-year, $13 million contract, the Pirates surrendered a 25-year-old relief pitcher who has 14 appearances above A-ball and a 20-year-old center fielder who has one home run in 558 career plate appearances.
- There may be other facts about these players that are more relevant than the ones I listed.
- But the fact remains that Exicardo is an exquisite name.
- Both Jake Westbrook and Carl Pavano signed two-year, $16.5 million contracts last off-season.
- Last season Burnett produced 1.1 rWAR. Pavano produced 2.0, and Westbrook 0.
- I like rWAR (or bWAR, whatever you want to call it) for pitchers, since it uses runs against, rather than FIP.
- With the $5 million they will save from this season’s payroll, the Yankees signed Raul Ibanez.
- While Ibanez’s contract is only $1.1 million, reports have surfaced that the Yankees can’t afford much more. This suggests that they signed Hiroki Kuroda knowing they had options to deal Burnett, and were intent on doing so since mid-January.
- Still, it doesn’t seem like they’d need to stretch the budget to sign Eric Chavez.
- The Yankees currently have four starting pitchers returning from last season, one recent free agent signee, and a 23-year-old who pitched well in his rookie season.
- The above fact is to imply that someone had to go. To be discussed below.
Based on feeling, I like the trade. The Yankees had three pitchers vying for one rotation spot. Phil Hughes is at the nadir of his value after pitching poorly and getting hurt in 2011. Freddy Garcia can’t be traded without his permission, and even then the Yankees save more money this year by trading Burnett, not to mention next year’s savings. Garcia has also out-pitched Burnett in the last two seasons by pretty much every measure. Burnett had moments of success in 2010 and 2011, but in no way forced the issue to stay on the team.
Based on the facts, it’s easier to dislike the trade. The Yankees essentially gave away Burnett, and with him any chance to recoup further value on his contract. Before the trade, the Yankees had paid Burnett $49.5 million for 3.4 rWAR, which is hardly a good return: $14.6 million per win on a linear basis. If they kept him around the next two seasons, they at least had a chance to increase that per-win value. Whether he was capable of performing to that level, of course, is another question. But now it’s not even a possibility. They’ll have paid him more than $20 million per win, on a linear basis (which, again, is not perfect, but it gets the point across).
(And then again, dumping him might help them avoid further dollars-per-win deficits.)
The idea behind the trade still comes down to having three pitchers competing for one rotation spot. One of them had to go, and under the current circumstances Burnett makes the most sense. It’s a shame that he didn’t come close to living up to his contract, and it’s a shame that he won’t get the final two years of the deal to redeem himself. But at this point a bounceback had to be considered a long shot. The Yankees acted as they had to, eating a lot of money while admitting a mistake. It does appear that the 2012 team will be a bit easier to manage as a result.
Travel problems delayed Joe Girardi‘s arrival to Spring Training, but he made it to Tampa safe and sound prior to today’s workout session, the first of the 2012 season. Girardi spoke to the media about the state of his team afterward, so here’s a recap…
- CC Sabathia will get his seventh consecutive Opening Day nod, but after that? “You go [in] with an open mind,” said the skipper. [Marc Carig]
- Girardi said it’s important that Sabathia maintains his weight, and “stays there or close to it.” It’s most important that he “stays strong,” obviously. [Jack Curry]
- Phil Hughes and Freddy Garcia will battle it out for the fifth starter’s spot, though Girardi said he still envisions the former as a starter. [Curry]
- “I’m always amazed at how big players are today,” said Girardi about new pickup Michael Pineda. “They’re large humans.” [Mark Feinsand]
- David Robertson will remain the Eighth Inning Guy™ while Rafael Soriano gets stuck in the seventh inning. I’d like to see Robertson in more a fireman role rather than be married to one inning, but whatever. [Feinsand]
- Girardi is leaning towards a 3-4-5 of Robinson Cano, Alex Rodriguez, and Mark Teixeira, but he qualified it by saying: “I’m not married to that.” Derek Jeter and Curtis Granderson figure to remain atop the lineup. [Feinsand & Carig]
- Girardi doesn’t have a clearly defined plan for A-Rod regarding his rest and time at DH, and he’ll probably play it by ear. He does expect Alex to have a big year, though not necessarily 45 homers big. [Carig & Curry]
- “I anticipate it will be [Frankie Cervelli],” said the skipper when asked about the backup catcher. Others like Austin Romine will get a shot to take the job in camp though. [Erik Boland & Carig]
- “If not for [A.J. Burnett], we may not win that World Series,” said Girardi about his departed right-hander. “I felt A.J. did everything we asked him to.” [Marc Carig]
- “I thought our guys came in good shape,” Girardi said. “I thought they were all ready to go.” [Chad Jennings]
[Photo via Bryan Hoch]
Via Jim Callis, the Yankees will have just $4,192,200 to spend on the first ten rounds of the draft (eleven picks) this year thanks to the new Collective Bargaining Agreement. That number will go down ever so slightly if Derrek Lee manages to sign a big league contract. The Twins lead the way with a $12,368,200 draft pool while the Angels only have $1,645,700. Ouch.
Teams that exceed their draft pool by no more than 5% are taxed at 75%, and after the 5% they start forfeiting future picks in addition to the tax. Picks from the 11th-40th rounds each have a $100k soft cap, and any money exceeding $100k for those late picks counts against the draft pool. If a team fails to sign a player in the first ten rounds, they lose that spot’s pool money. They don’t get to reallocate it elsewhere. The Yankees have spent between $6.1M and $8.0M on the draft in each of the last five years, and last year they spent $4,202,500 on the first ten rounds (ten picks).
2011 Record: 97-65 (855 RS, 657 RA, 102-60 pythag. record), won AL East, lost to Tigers in ALDS
Top stories from last week:
- After a week’s worth of rumors, the Yankees agreed to trade A.J. Burnett to the Pirates for $13M in salary relief and minor leaguers Diego Moreno and Exicardo Cayones. The deal became official yesterday.
- Johnny Damon was off the table, so the Yankees agreed to sign Raul Ibanez for $1.1M to serve as their left-handed DH. He still has to pass his physical.
- Pitchers and catchers reported to Spring Training yesterday, and the position players will follow on Friday. Brian Cashman met with reporters after arriving in Tampa, and said his divorce and stalker won’t interfere with his job, among other things.
- Both Frankie Cervelli (concussion) and Alex Rodriguez (knee) are 100% heading into Spring Training. Joba Chamberlain will get on a full mound as part of his Tommy John surgery rehab for the first time next week.
- Hideki Okajima failed his physical and will not be in camp. The Yankees signed Clay Rapada to a minor league deal to replenish their left-handed relief depth. The Athletics surprisingly signed Yoenis Cespedes, and the Yankees have “serious interest” in Jorge Soler.
- Manny Banuelos, Gary Sanchez, Dellin Betances, and Mason Williams all cracked Kevin Goldstein’s Top 101 Prospects List. Banuelos topped my Preseason Top 30 Prospects List. Rafael DePaula still doesn’t have a visa.
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In the least surprising news ever, the Yankees have agreed to sign Raul Ibanez to a one-year deal worth $1.1M according to Buster Olney and Joel Sherman. Ken Rosenthal says he can earn up to $4M if he hits all his incentives. We heard that the contract framework had been in place for weeks last night, but the team was waiting to see if they acquired a left-handed DH-type in an A.J. Burnett before committing. That didn’t happen, so here’s Ibanez. The deal is pending a physical, and Ibanez will report to camp on Thursday. Position players are required to report on Friday.
Ibanez, 39, was born in New York City but grew up in Miami. His overall offensive production has been steadily declining over the last few years, though he can still hit righties some (.322 wOBA) and has pop in his bat (.184 ISO vs. RHP last year). He also doesn’t strike out much against righties (15.6 K% last year). Ibanez is unusable against left-handers though (.254 wOBA with a 27.5 K% vs. LHP last year), and he’s been one of the very worst defensive outfielders in baseball over the last three seasons. If he sees any time in the field, it better be in an emergency only. He’s a good clubhouse guy according to all accounts, which is something the Yankees emphasize.
My gut feeling that the Yankees were waiting out Johnny Damon was wrong, as usual. Ultimately, I think they went with Ibanez over Damon for three reasons. One, he was asking for less money. Two, he’s less likely to make a big stink if he only gets 300 plate appearances this year. And three, he’s more reliable defensively in the sense that Damon only played 84 innings in the outfield last year and 352.1 innings over the last two years. I don’t love Ibanez, but it’s not like he’s vastly inferior to Damon. None of the available DH candidates are all that great frankly, so we’ll just have to see how it goes.
Via Joel Sherman, the framework for a contract between the Yankees and Raul Ibanez is in place, and has been for weeks. The team had to make sure they didn’t take on a left-handed DH-type in an A.J. Burnett trade before moving forward with the deal, however. Ibanez will earn a $1M base salary with incentives, but the contract has not been agreed upon yet and is nowhere close to official. The Yankees do have an open 40-man roster spot after the Burnett trade, but I sure hope they don’t give any potential DH a big league deal. At least fake a competition with Russell Branyan before committing to someone.
Meanwhile, Sherman also says the Yankees and Eric Chavez are also talking about a one-year deal worth $1M with incentives, but that won’t happen until Ibanez is signed at the very least. These two deals seem inevitable, though I don’t love either. Then again, it’s not like any of the other DH-types really stand out from pack.