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Five Better Values than Maholm at $9.75 Million?

Amid the dismay about the likely decision to decline Mahom's option, I think an important point has been missed: It is likely that one can get comparable performance for substantially less than $9.75 million. Let's take a look at some existing contracts.

Chris Capuano has a base salary of $1.5 million with potential bonuses of $3.0 million. Jeff Francis has a base salary of $2.0 million and no bonus. Erik Bedard has a salary of $1.0 million and no bonus. Freddy Garcia has a salary of $1.5 million and no bonus. Bartolo Colon has a salary of $0.9 million and no bonus.

The $5 million per additional win is what's misleading. As Bill Barnwell points out, $5 million per incremental win is what incompetent management does. In 2010 the only teams spending $5 million per incremental win were the Cubs and Seattle. Need I say more? Paul Maholm is a perfectly capable pitcher, and I'd be happy to have him pitching for the Pirates next year. But not at a salary of $9.75 million. There are other uses for the money, and I think that's what's driving NH's decision.

This is a FanPost and does not necessarily reflect the views of the managing editor (Charlie) or SB Nation. FanPosts are written by Bucs Dugout readers.

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That is if the goal was best $rate per incremental win...

That measurement would be great if we were all owners trying to find the best value in our next general manager but for a fan that measurement is below wins and losses, which at the end of the day is all i care about. That being said, I do think Maholm can be replaced in the market with a pitcher who has a better chance of replicating last year’s numbers than Maholm does. i also think we can get a cheaper catcher who is better and more consistant than Mr. Doumit.

Will those things happen with a front office whose track record regarding major league acquisition is abysmal? I don’t know, but if I were Neal Huntington i would be aggressively identifying the players I want like Barajas and Crapuano and let these guys know that 2 years, 10 million dollar deals are on the table.

by dack2001 on Oct 27, 2011 10:16 AM EDT reply actions  

Chris Capuano has a base salary of $1.5 million with potential bonuses of $3.0 million. Jeff Francis has a base salary of $2.0 million and no bonus. Erik Bedard has a salary of $1.0 million and no bonus. Freddy Garcia has a salary of $1.5 million and no bonus. Bartolo Colon has a salary of $0.9 million and no bonus.

The reason that all of those pitchers earned lower salaries than Maholm last year is that all five have a recent medical history containing one or more significant injuries:

*Capuano had TJ surgery in 2002, a second TJ surgery in early 2008, and missed an substantial amount of 2010 with what was described as “arm soreness”.
*Francis missed all of 2009 and part of 2010 after shoulder surgery, and his average fastball in 2011 (his first full year back) was more than 2 MPH slower than his pre-injury fastball.
*Bedard missed the end of the 2009 season after shoulder surgery, did not pitch in 2010, then had another shoulder surgery.
*Garcia had a major shoulder surgery in 2007, and hardly pitched at all in the two years after that. His steady downward velocity trend kind of speaks for itself.
*Colon injured his shoulder in 2009 and missed the entire 2010 season as a result. He then underwent an experimental procedure in the Dominican Republic, involving the use of stem cells.

So the lesson to take home from your examples is that you can sometimes get a bargain when buying free agent pitchers if you’re willing to assume significant risks. The other side of that particular coin is that when buying those types of pitchers, they come with an increased risk of injury or ineffectiveness. Look at Brandon Webb, Chris Young, Justin Duchscherer, and Brad Penny in 2011, or Chien-Ming Wang, Justin Duchscherer, and Brad Penny in 2010, or Mike Hampton in 2009, 2010, and 2011…

by Vlad on Oct 27, 2011 11:24 AM EDT reply actions  

maybe we should try to sign three such guys and keep the one whose arm doesn’t fall off

I’m almost not joking.

You can do that, but don’t forget about the opportunity cost of burning three spots on the 40-man roster (and potentially also the 25-man roster) to get one player’s worth of production for the season.

by Vlad on Oct 27, 2011 12:12 PM EDT up reply actions  

yeah, that's the problem

If I were a GM trying to think outside the box, I might try to see if I could sign some of these guys to NRI contracts with bigger money than usual — in the $2-3M range, I mean — and a Resop-style out clause where they can declare free agency if they’re not up in the majors by a certain date, so you could give them a look without clogging up the roster. But maybe the guys who’ll sign that kind of contract won’t have a 1/3 chance of success.

Not actually affiliated with whygavs.

by WHYG Zane Smith on Oct 27, 2011 12:43 PM EDT up reply actions  

Good strategy

Don’t know if you could actually attract more than 1 or 2 guys under those terms, though.

by JRoth95 on Oct 28, 2011 12:50 PM EDT up reply actions  

how about

Ben Sheets on a low base/high incentive contract?

(This is assuming his arm is still connected to his body…)

And I’m not talking a $10m/1-year deal like Beane threw at him (how’d THAT work out for you, Billy).

by insane_sanity on Oct 27, 2011 3:14 PM EDT up reply actions  

(This is assuming his arm is still connected to his body…)

Well, that’s the question, isn’t it?

by Vlad on Oct 27, 2011 4:45 PM EDT up reply actions  

it's settled

We sign this guy:

Not actually affiliated with whygavs.

by WHYG Zane Smith on Oct 27, 2011 9:16 PM EDT up reply actions  

I have Rik Allen's auto on a baseball

along with Tom Petty, Wes Parker, Ken Norton, Jr., Carlton Fisk, Lou Brock, Dave Winfield, and former Pirate Lee Lacy.

Nice guy.

Free your ass and your mind will follow.

by cocktailsfor2 on Oct 28, 2011 12:24 PM EDT up reply actions  

True...

all except for Rik Allen were people who came to the field where I coached Little League. Petty & Winfield to see their kids (or friend’s kids) play, Brock and Fisk to do a commercial, Lacy & Parker were there for our Opening Day Ceremonies.

I kept the ball in my car, and just happened to run into Rik in Malibu one afternoon…

Free your ass and your mind will follow.

by cocktailsfor2 on Oct 28, 2011 8:07 PM EDT up reply actions  

oh yeah, you were in LA

that explains alot of that. how many people can claim they have a ball with tom petty and the one armed drummer?

by white angus on Oct 29, 2011 9:21 AM EDT up reply actions  

Then again, chances are decent if we signed say, Capuano and Francis for 9.75 million combined

We get the production similar to Maholm from one, and production better than Correia from the other. I don’t think that signing them two instead of Maholm is a much greater risk, and also has more reward potential if both can stay even relatively healthy.

by Justin Mos on Oct 27, 2011 3:25 PM EDT up reply actions  

hes more affordable, for now, than maholm

More affordable in dollars, but not in total cost once you factor in the dollar value of the prospects that would be needed to acquire him.

by Vlad on Oct 27, 2011 12:13 PM EDT up reply actions  

you cant keep prospects forever Vlad

theres not enough room for all of them.

you are one of the guys who say the team is punting 2012, but if they pull off a trade for someone like Sanchez, its a bad thing because we gave up prospects???

by white angus on Oct 27, 2011 2:08 PM EDT up reply actions  

If we were getting Matt Cain or Madison Bumgarner...

…I’d be interested.

Here are the ERA+ for the 5 pitchers who started at least 19 games for the Giants last year: 123, 130, 111, 132, 84. Guess which one is Sanchez.

Admittedly, he did have a 127 ERA+ in 2010, so he’s not a total waste, but his ERA+ for the two previous years were 88 and 101; his career ERA+ is 97, which includes some partial stints in 2006 and 2007 covering 60 appearences (8 starts). He’s been worth 4.8 WAR over the past four years, but 3.6 of that was in 2010.

Sake of argument, Paul Maholm has a career ERA+ of 96 and has been worth 8.2 WAR since 2008, with no more than half of that number coming in any one year.

Sanchez is a trap guy; you would have to overpay for hiim in prospects because he seems like he’s better than he is, but at the end of the day, he’s pretty much average.

It's just my two cents. Could be worth more, could be worth nothing.

by Bishop1973 on Oct 27, 2011 3:14 PM EDT up reply actions  

it would have to be straight up to get Cain or Bumgarner

im a big believer in Bum. hes the shit, and he could be an ACE for us for a long long time.

straight up, i would still do the deal.

by white angus on Oct 27, 2011 3:50 PM EDT up reply actions  

my argument on Sanchez is the short period of team control, especially since his time here could very well NOT coincide with overall team success at the ML level.

It also appears that the 2010 Sanchez was an anomaly…an anomaly that jacked up his arbitration earnings significantly.

by insane_sanity on Oct 27, 2011 3:17 PM EDT up reply actions  

With his season-by-season ERA+ numbers of 92, 77, 88, 101, 127 and 84, he’s been consistently below-average to barely average except for one season where he was lights-out.

That’s pretty much the dictionary definition of "anomaly.’

It's just my two cents. Could be worth more, could be worth nothing.

by Bishop1973 on Oct 27, 2011 4:11 PM EDT up reply actions  

not if you believe

that the 2011 Pirates were close to their true talent level, and Sanchez career or 2011 numbers are close to his true talent level.

by BurgherKing on Oct 27, 2011 4:26 PM EDT up reply actions  

no, JSanchez would still be the ACE of 2011 too

his talent is higher than anyone in our rotation in the last few years.

by white angus on Oct 27, 2011 4:53 PM EDT up reply actions  

Who cares?

Being the ace of the Pirates isn’t a great accomplishment nor anything to really brag about.

Yeah, he’d be the best pitcher on the Pirates, but his true talent is probably a #3 on a good team, and a #2 on an average team.

Hence, when healthy, he’s the Giants third best starter.

by jlk9697 on Oct 27, 2011 5:11 PM EDT up reply actions  

i wouldnt be giving up prospects for Maholm

and for his career, Sanchez has an ERA+ of 97, and Maholm 96. If he’s better than Maholm, he certainly isnt consistently so.

I wouldnt mind having him on the Pirates but I wouldnt want to be trading anything for him.

by BurgherKing on Oct 27, 2011 5:37 PM EDT up reply actions  

i.e. unless I saw something I believed I could fix.

by BurgherKing on Oct 27, 2011 5:38 PM EDT up reply actions  

im telling you metric guys now... Sanchez is not equal to Maholm

im trying my best to accept the metric stuff but im yanking out all my ear hair in the process.

aiiiiiieeeeeeeeeeeeeee!!!!!!!!!!!!!!

by white angus on Oct 27, 2011 5:43 PM EDT up reply actions  

well, this should be an easier metric for you

ERA+ simply says how someone produced compared to league average. 100 is league average, higher is better, lower is worse. So, there’s no fun stuff going on here.

by BurgherKing on Oct 27, 2011 6:31 PM EDT up reply actions  

(League-average pitcher, not league-average starter. RPs generally have lower ERAs than SPs – so over the last five years the league-average SP is a 96 ERA+ and the league-average RP is a 108).

by Vlad on Oct 27, 2011 6:58 PM EDT up reply actions  

i knew i'd trip up somewhere...

well, at least its close…OTOH there’s ERA, career for Sanchez 4.26, for Maholm, 4.36

by BurgherKing on Oct 27, 2011 7:19 PM EDT up reply actions  

and hes better than Maholm

You keep saying this, but at least as far as results are concerned, it’s not actually true.

by Vlad on Oct 27, 2011 6:54 PM EDT up reply actions  

But he’s more talented, a breakout candidate, a better fit for our team and stadium and would cost less in salary

by Mr. E on Oct 27, 2011 7:11 PM EDT up reply actions  

Sanchez...

misses a lot of bats…but he also misses the plate a lot…almost 5 BB/9…which is a higher career walk rate than anyone we had pitch more than 21 innings this season.

yeah…21 innings is arbitrary…but it includes all the pitchers that were semi-healthy. Meek was not.

by Thunder on Oct 27, 2011 8:00 PM EDT up reply actions  

And I'm not sure he's gonna be much cheaper.

he made $4.8M last year and is going to arb this year. Guessing $7-8M might not be stretching too much.

by Thunder on Oct 27, 2011 8:04 PM EDT up reply actions  

That difference covers someone like Veras or Resop. It’s not insignificant. I’m thinking his HR rate would drop a bit too, being a LHP at PNC.

And yes, the walk rate is super scary but it’s his only weakness and is still mostly effective even with it.

by Mr. E on Oct 28, 2011 1:55 PM EDT up reply actions  

He’s got different talents, but I don’t know that I’d say that he’s more talented, since the results are pretty similar. And he probably gets something like $7M in arb, so he’s not going to be significantly cheaper as far as the money’s concerned. Not to mention the prospect cost in acquiring him.

by Vlad on Oct 28, 2011 3:57 AM EDT up reply actions  

i dont think 2010 was an anomaly.

His 2010 performance was not an anomaly, as such. His xFIP that year was 3.94, pretty close to the 4.14 xFIP he put up in 2009 and the 4.09 xFIP he put up in 2008.

It was, however, a year when his ERA did not represent the quality of his pitching with any real degree of accuracy.

by Vlad on Oct 27, 2011 4:50 PM EDT up reply actions  

i dont think 2010 was an anomaly.

His 2010 performance was not an anomaly, as such. His xFIP that year was 3.94, pretty close to the 4.14 xFIP he put up in 2009 and the 4.09 xFIP he put up in 2008.

It was, however, a year when his ERA did not represent the quality of his pitching with any real degree of accuracy.

by Vlad on Oct 27, 2011 4:50 PM EDT up reply actions  

Not sure where that double post came from…

by Vlad on Oct 27, 2011 5:08 PM EDT up reply actions  

you are one of the guys who say the team is punting 2012, but if they pull off a trade for someone like Sanchez, its a bad thing because we gave up prospects???

It’s a bad thing because we gave up prospects unnecessarily. We could keep Maholm and give up the prospects to fill one of our many needs that can’t be adequately filled with just money (since no quality FAs will sign with us), like a starting 1B who hits like a starting 1B.

by Vlad on Oct 27, 2011 4:46 PM EDT up reply actions  

but why keep everyone???

we keep to damn long and if they struggle we’ll never be able to get rid of them.
this is what we call the Shelby Ford affect…

by white angus on Oct 27, 2011 4:55 PM EDT up reply actions  

but why keep everyone???

You have lots of dollar bills in your wallet. Why not toss a few out the window?

If you need more later, you can always sell some of the stuff at your house.

by Vlad on Oct 27, 2011 5:09 PM EDT up reply actions  

Yes, actually.

Though he’s eligible for the Rule 5 this offseason. Maybe we’ll take the opportunity to rectify past errors…

by Vlad on Oct 27, 2011 6:59 PM EDT up reply actions  

But Dana Eveland was SO GOOD for the Pirates! He gave us a real good 9.2 innings

by Superstar25 on Oct 27, 2011 8:50 PM EDT up reply actions  

Well, yeah. That’s the whole problem. If we’d hung onto Uviedo, he would’ve been good for a lot more than 9 2/3 innings for us.

by Vlad on Oct 28, 2011 3:58 AM EDT up reply actions  

no

he would still be in the minor leagues, just like he was with Toronto.

he may still be in Altoona.

he would be left available in rule5

he would be bypassed in the rule5 and reassigned to the minor league system.

so yes, he would still be a pirate. good call.

by white angus on Oct 28, 2011 8:35 AM EDT up reply actions  

he would still be in the minor leagues, just like he was with Toronto.

I think he probably would’ve picked up a late roster spot and a September promotion, actually. He’s good enough to be worth a spot on somebody’s 40-man (which is why he’s gotten one twice already).

Saying that he’d still be in Altoona is crazy talk. When he was with Altoona back in 2010, he had a 3.22 ERA, 1.12 WHIP, and 11.3 K/9. That’s not the kind of performance that encourages a team to leave you at a level indefinitely – particularly if you have good stuff, like Uviedo.

by Vlad on Oct 28, 2011 11:48 AM EDT up reply actions  

Uviedo’s first start in winter ball this year: Five innings, five Ks, four hits, one walk, no runs.

But yeah, we were probably better off going with Burress and Aaron Thompson.

by Vlad on Oct 28, 2011 11:53 AM EDT up reply actions  

Walks remain the problem

if not in this game. He’s averaged 4.0 walks per nine in AA, and it’s hard to forecast that they won’t remain high with his max-effort delivery.

Viva Clemente!

by Roberto on Oct 28, 2011 1:13 PM EDT up reply actions  

He’s averaged 4.0 walks per nine in AA…

Only 3.3 at AA this year, and 3.6 after his promotion to AAA.

He’d probably be up in the 4s in the majors, but you can be a pretty solid ML reliever if you do the other stuff well, and Uviedo does. Look at Jose Veras, for example.

by Vlad on Oct 28, 2011 1:40 PM EDT up reply actions  

didnt Toronto DFA him this past season?

looks like 29 teams said he wasnt too worthy of that 40 man

by white angus on Oct 28, 2011 1:17 PM EDT up reply actions  

Lots of ML-caliber players slip through waivers at one point or another. Garrett Jones did when he was with the Twins – do you think he’d have trouble finding another roster spot, if we dropped him now? How about Karstens? We slid him through waivers ourselves, remember?

by Vlad on Oct 28, 2011 1:38 PM EDT up reply actions  

hey, Jones has almost proven himself in the majors

you can brag about Uviedo once he has done the same. until then, he wasnt considered an upgrade over anyones 40man

>:-P

by white angus on Oct 28, 2011 1:58 PM EDT up reply actions  

you can brag about Uviedo once he has done the same.

Scouting reports and performance records don’t lie.

by Vlad on Oct 28, 2011 2:35 PM EDT up reply actions  

He’s successfully made the transition to AAA.

By your standard in this matter, Jameson Taillon has also “done nothing”, since he’s not in the majors yet.

by Vlad on Oct 30, 2011 8:04 AM EDT up reply actions  

i stick with my reasoning

youre the only one on here that lost sleep about Uviedo, a relief pitcher no less.

if Taillon wasnt a top overall prospect AND not a starter, then that statement would make sense.

by white angus on Oct 30, 2011 4:48 PM EDT up reply actions  

youre the only one on here that lost sleep about Uviedo, a relief pitcher no less.

If he projects as a useful reliever, why is it not a problem that we tossed him away for nothing?

if Taillon wasnt a top overall prospect AND not a starter, then that statement would make sense.

Fine. Then make it a guy who’s a mid-level prospect who projects as a role player at the next level, like Jordy Mercer. Would you be upset if the team released Mercer tomorrow, for no reason?

by Vlad on Oct 31, 2011 9:18 AM EDT up reply actions  

fwiw

i was pissed about the trade as well, because we were giving up a potentially useful piece for nothing really. (Said so at the time, too)

by BurgherKing on Oct 31, 2011 12:39 PM EDT up reply actions  

Why would he require good prospects?

He’s expensive, superfluous to the Giants and coming off an injury filled and somewhat ineffective season.

by Mr. E on Oct 27, 2011 6:49 PM EDT up reply actions  

The Giants need at least five starters, and Sanchez is the fifth-best starter on the roster. They want to compete, and aren’t going to deliberately downgrade their rotation for no reason, just because they have Zito on the payroll. Also, the FA SP market sucks this offseason, as we’ve noted on numerous occasions, and Sanchez is the type of hard-throwing build-a-dream-on guy who never has trouble attracting interest from other teams.

by Vlad on Oct 27, 2011 7:05 PM EDT up reply actions  

Well, then it clearly depends on the prospect price.

by Mr. E on Oct 27, 2011 7:14 PM EDT up reply actions  

and if he’d be open to a 1-3 year extension

by Mr. E on Oct 27, 2011 7:14 PM EDT up reply actions  

Why on earth would he want to sign an extension with us?

by Vlad on Oct 28, 2011 3:59 AM EDT up reply actions  

Because he’d presumably be able to get similar money from someone else?

by Vlad on Oct 28, 2011 11:53 AM EDT up reply actions  

Paul Maholm wanted to. Jose Tabata wanted to. And lefties are weird in the head.

by Mr. E on Oct 28, 2011 1:58 PM EDT up reply actions  

5th best?

Timmy, Cain, Bumgarner….. Zito?

Am I forgetting someone?

by jlk9697 on Oct 27, 2011 7:17 PM EDT up reply actions  

Voggie!

Regardless, I still think he’s the 4th best..

by jlk9697 on Oct 27, 2011 7:17 PM EDT up reply actions  

Vogelsong

perhaps Surkamp? (not sure what Vlad was thinking)

by BurgherKing on Oct 27, 2011 7:18 PM EDT up reply actions  

I was thinking Vogelsong. He earned it, as well as he pitched last year.

by Vlad on Oct 28, 2011 3:59 AM EDT up reply actions  

I refuse to accept that

He could have a career path that leaves Bautista in the dust, and when I walk past his plaque in the HoF, I’ll say, “Hey, why is there a blank spot on the wall here? No plaque at all, no sir.”

by JRoth95 on Oct 28, 2011 12:57 PM EDT up reply actions  

So it’s not just a river in Egypt.

by MDBuc on Oct 28, 2011 1:16 PM EDT up reply actions  

You want to call Sanchez fourth-best, I won’t fight you too hard on it. That’d only make the point I was making even stronger.

by Vlad on Oct 28, 2011 1:41 PM EDT up reply actions  

Relievers to Starters

I think the smart path to small market teams finding bottom of the rotation starters is converting relievers. The $10 million dollar per year contracts are just too risky. On our roster, I’d look at D McCutchen, Tony Watson, Jose Veras, and Chris Resop. Plus, there are numerous pitchers out there stuck in a relief role when they would rather be starting. Aaron Heilman is one, not that he would succeed, but if given a chance to start, he’d sign with us in a second. You start the season with one of these guys in the rotation and replace them and try another if they fail.

by ballparkfranks on Oct 27, 2011 4:00 PM EDT reply actions  

add Chris Leroux to that list... hes actually selling himself on this

dCutch was a starter just a year ago. Resop started one season his whole career. Watson is pitching better in long relief.

shit, hanrahan was a starter too.

by white angus on Oct 27, 2011 4:14 PM EDT up reply actions  

add Chris Leroux to that list… hes actually selling himself on this

I know Leroux’s been pushing for this, but given his history of arm problems, I really don’t think it’s a good idea.

by Vlad on Oct 27, 2011 4:51 PM EDT up reply actions  

Checkout Leroux's winter league stats

He’s doin better than even Gerrit Cole.

Give him a try. Since Morton will be out for awhile.

by BadAndy on Oct 27, 2011 6:39 PM EDT up reply actions  

Meek

that’d be incredible if he could find the endurance to do it

by bmcferren on Oct 27, 2011 6:55 PM EDT up reply actions  

Heilman already signed with us...

in August. His last start…May 15, 2005.

A little tidbit from his transaction line…

January 28, 2009: Traded by the Seattle Mariners to the Chicago Cubs for Ronny Cedeno and Garrett Olson.

by Thunder on Oct 27, 2011 8:10 PM EDT up reply actions  

haha

thts funny, so the entire trade is in the Pirates org right now!

by BurgherKing on Oct 27, 2011 9:02 PM EDT up reply actions  

sure

all the fringe guys would “rather be starting” — there’s more money to be made there.

Just because they’re having some level of success as relievers doesn’t mean they’re going to have that same success in a starting role. Quite honestly, of the names mentioned above…I’m not convinced any of them would have reasonable success going through a batting order a 2nd (or 3rd) time.

by insane_sanity on Oct 27, 2011 10:02 PM EDT up reply actions  

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