It wasn’t too long that the Yankees were playing pretty well, was it? A big part of their success has been their bullpen. Chapman, Miller, and Betances form a historic trio. There is no denying that a phenomenal bullpen can turn a good team into a great team. The question that Brian Cashman and company have to be honest with themselves in asking is, “are we a good team?” If the answer is yes, then you keep the bullpen status quo; if the answer is no, it is time to shop. In my opinion, the magic number is somewhere between 8-12 games under .500 now that we are nearly 1/3 of the way through the year in which the answer is shop.
This post will explore the future of each of the big three and ramifications/expected returns of unloading each one.
(*Disclaimer: I am more of a fan of trades that bring in talent compared to unloading contracts. However, the Yankees do have some albatross contracts to unload.)
Move #1 – Dellin Leaves Home
Out of the three relievers, I would be most inclined to trade Betances (gasp!). In my opinion, not only is Betances the most valuable (youngest/cheapest/most years of team control) but he is also the most enigmatic. He is also the only reliever in which I think the Yankees can trade and include a bad contract with. Relievers are fickle, history tells us there are very few of them who enjoy consistently great careers.
Can Betances be one of the few? Absolutely, but I would rather cash in on his value now, which probably cannot be any higher. Is Betances enough of a sweetener to make a team like the Rangers (5.20+ bullpen ERA) bite and take on Jacoby Ellsbury‘s contract (also note their current CF is Ian Desmond)? Possibly. Maybe throw in a tertiary bullpen piece like Chasen Shreve or some cash to get it done. Rangers ownership has shown the propensity to spend and after last year’s debacle, they may be the perfect partner to unload Ells. The only way I am trading Betances is if the other team will take on a Ellsbury or a Chase Headley type contract. I am not personally trading Betances for controllable talent (unless I am blown away).
Move #2 – Cashman cashes in on Chapman
Aroldis is the most accomplished of the three and also has the most explosive stuff (which is really saying something). Odds are the Yankees will not dole out the big bucks to keep Chapman after 2016. Trading Chapman comes with one huge caveat, if you keep him you are guaranteed a first round draft pick when he bolts in free agency.(Recent first round picks have been Aaron Judge, James Kaprielian, Ian Clarkin, etc.)
Also of note, Chapman has been the definition of a work horse throughout his career and Joe Girardi would not have to worry about burning him out. Chapman has pitched five times in six days (2013) and six times in eight days (2012) during his career. Additionally, Chapman probably has the lowest trade value because of his limited amount of team control (half a season).
Given the Yankees farm system and current needs, I would definitely deal Chapman for either a young, controllable starter or a third baseman. The Pirates would seem to be the perfect trade partner as they know Chapman from the division and need to dramatically improve their bullpen (3.93 bullpen ERA). For me either Jameson Taillon or Ke’Bryan Hayes get it done.
Move #3 – Move on from Miller
Andrew Miller has been all the Yankees could hope for and more. His performance has been gaudy and he has proven to be the consummate teammate. He is also signed until 2018 at $9M per year, which is extremely reasonable. I don’t know if his trade value is as high as Betances, but it is certainly higher than Chapman’s.
I do think that Miller can get a similar package to that of Ken Giles, though probably slightly less. Miller is the superior player but Giles is controlled for a longer period of time/cheaper. However, I do think a Vincent Velasquez type talent in return for Miller is not at all unreasonable. The Dodgers would seemingly salivate if Miller were available. They backed out of the Chapman deal based on off the field concerns that Miller does not carry. I would ask the Dodgers for Julio Urias (unlikely), but settle for Jose De Leon, who is much more likely.
All in all, if the Yankees choose to deal, I believe the smartest action is to move two of the three. If the team manages to improve and play well, it still may be worth trading one of the three, however the deal better bowl you over. Of course, my trade proposals suck.