Holliday Hauls Deathmatch
Just wanted to start by saying I would have made this a fanshot, but I could not figure out how to make a poll on a fanshot.
Second, I am not sure if someone already did a poll like this, so if it is redundant I appologize for that.
On to my real purpose for this post - basically I just want to get a feel for which side of the Holliday trades does AN feel is the better package the Rockies or the A's. Thanks for your input and thanks for voting.
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Uh…it’s too early to tell.
Honestly I think it depends on Mortensen/Peterson. If neither of them ever does anything, the Rockies’ side is probably better. If one of them is a major leaguer, the A’s side is better. I’d have dealt Gonzalez straight up for Wallace.
matthewpouliot - "Still not sure which is more rare: the unassisted triple play or Francoeur taking two pitches to start the AB."
I think Mort and Pete both have a chance to be decent ML'ers
Mort as a 5th starter/long relief guy, and Peterson as a 4th outfielder/utility guy. Both valuable in their own rights.
"I feel like we are sending Danny Haren for Mulder all over again." - Cardinal fan on the Matt Holliday trade
"But at this time of year, two plus two doesn't always add up to eight. Sometimes, it equals four." - Geoff Baker, Mariners beat writer.
I also think it is too early to tell...
But if Wallace becomes the player we think he will be AND he can play 3rd, I think we got the better deal. Now obviously him playing 3rd is a very big question. IMO, Street needed to go. He needed a change of scenery and he got it. He wasn’t going to put those numbers up here. I could care less about Smith. Now Gonzalez? I think he will be a stud and I was very mad we dealt him, but OFs are easier to find than a guy who can play 3rd. If Wallace ends up at 1B or DH, then I can think it depends on how well Mortensen and Peterson do.
by iBleedGreenNGold on Sep 2, 2009 3:28 PM PDT reply actions
The Rockies owned this deal easily
Street would have been worth nearly the combined value of Wallace and Mortenson. Just look at what the Oriels got for George Sherril two good B prospects. Wallace at the time of the trade was probably a B+ and Mortenson and Peterson were C+ prospects. Smith essentially was a C+ prospect so in the end we gave away cargon for jack. Rockies win.
Chris Carter entered a villiage where an ogre had devoured all the crops and livestock, and Chris Carter asked the people of the village, "Have you no beasts of labor with which to pay tribute me?" And the people answered, "No, the ogre has taken our livestock," and with one mighty swing of his bat Chris Carter felled the ogre, and Chris Carter did proclaim, "Let my people be free," and it was so. - Aufheben
by designatedforassignment on Sep 2, 2009 4:33 PM PDT reply actions
there was already a lively fANpost on this topic
by dfa — here
I’m not discouraging people from discussing the trades here, but also go check out that other one for some good debate.
Thanks Colin 3600+ words does a better job of explaining my position obivioulsy.
Chris Carter entered a villiage where an ogre had devoured all the crops and livestock, and Chris Carter asked the people of the village, "Have you no beasts of labor with which to pay tribute me?" And the people answered, "No, the ogre has taken our livestock," and with one mighty swing of his bat Chris Carter felled the ogre, and Chris Carter did proclaim, "Let my people be free," and it was so. - Aufheben
by designatedforassignment on Sep 2, 2009 8:26 PM PDT up reply actions
That didn't come out on second reading as I intended.
Thank you for providing a better context to my comments and recommending the thread.
Chris Carter entered a villiage where an ogre had devoured all the crops and livestock, and Chris Carter asked the people of the village, "Have you no beasts of labor with which to pay tribute me?" And the people answered, "No, the ogre has taken our livestock," and with one mighty swing of his bat Chris Carter felled the ogre, and Chris Carter did proclaim, "Let my people be free," and it was so. - Aufheben
by designatedforassignment on Sep 2, 2009 8:27 PM PDT up reply actions
-1
This just doesn’t follow.
There’s no way that any team would give up a prospect as good as Wallace for Street, even if he’d had the same great season for Oakland that he’s had for Colorado (no guarantee what with the NL factor). And really its not even close.
The comparison to the Dodger trade fails for several reasons. First, Sherrill’s trade value was enhanced by his left handedness. Second, theres the (accurate) perception that Street is injury prone. Third, the Dodger’s were the only team to give up that type of package for a reliever. There were other, better guys on the market – Heath Bell, in particular – and they didnt move b/c no one was offering enough.
Also, you’re underrating Brett Wallace and/or the value of a B+ (A- in my mind) prospect. Keith Law (though I hate him) called Wallace a top 10 prospect in baseball at the time of the deal. If he’s a B+, then he’s a high B+. Moreover, two B prospects do not equal a B+ (more accurately, a B and a B- do not equal a B+/A-). Most prospect hoarders (maybe Beane aside) generally value quality over quantity
http://insider.espn.go.com/espn/blog/index?entryID=4353876&name=law_keith
All that said, I still think the Rox got the slightly better end of it. It just makes so much more sense to compare C Gon to Wallace and Street + Smith to Mort + Peterson.
Finally, it bears mentioning that the $ is essentially a wash, since Street’s salary over the two years is roughly equal to what the A’s paid Holliday for his “services” this season.
by NRC on Sep 2, 2009 7:32 PM PDT up reply actions
It follows a lot better than the critique
First Keith Law’s scouting reports are in my view not good. Paul Thomas once famously said “Keith Law is a fourth analyst” after Law declared someone a 4th OFer. I couldn’t agree more.
Wallace experienced SNTS and was not hitting particularly well. Defensive concerns with Wallace trouble me as does his low walk rate and his lack of production this year with the bat until the last two weeks. Hopefully, the improved productions recently is a sign that Wallace was rushed all the way to AAA less than a year after he was drafted and has recently caught up. His walk rate is very concerning as a pro. During his junior year Wallace walked in 16.6% of his PAs in AAA it has been less than half that. Defensively Wallace at 3b i think is at least a -10 FRAA from UZR. I expect him to have a bad range number but good double play runs and error runs since Wallace has a strong accurate arm. This would place his defensive comparable somewhere in the Ty Wiggington, Mark Teahen, and Josh Fields range. Putting up .280/.340/.480 line would give him about a .380 wOBA or about 25 BRAA. Defense would probably take away 7.5 to 12.5 runs fielding projecting him to be a 3.25 WAR player. If he ends up as a DH he is only a 2.75 WAR player.
In comparison Cargon can hit .280/.320/.430 and be a 4.5 WAR player because of his excellent defense.
Secondly the value of being a lefty is negated if you are a closer as most right handed batters will give you a reverse platoon split.
I said nearly for a reason when referring to Streets value. If you look at past closers traded like Jose Valverde or Sherrill you can see that the value of closers is sky high and Street is way way undervalued in these discussions. Coincidentally the Sherrill deal netted on of the better 3b prospects in all of the minors.
Chris Carter entered a villiage where an ogre had devoured all the crops and livestock, and Chris Carter asked the people of the village, "Have you no beasts of labor with which to pay tribute me?" And the people answered, "No, the ogre has taken our livestock," and with one mighty swing of his bat Chris Carter felled the ogre, and Chris Carter did proclaim, "Let my people be free," and it was so. - Aufheben
by designatedforassignment on Sep 2, 2009 9:15 PM PDT up reply actions
"Coincidentally the Sherrill deal netted on of the better 3b prospects in all of the minors."
So did the Street deal, considering Bell is about as much of a 3rd baseman as Wallace is.
"Chicks dig the long ball, although fat chicks will settle for warning track power" - Nick Diamond
Well no, that's hyperbole
Bell certainly isn’t anything to write home about over there, though
"Chicks dig the long ball, although fat chicks will settle for warning track power" - Nick Diamond
but hes not -10 UZR over there and should make up for it hitting wise.
Wallace just isn’t very special in my eyes. He has a high likelihood of being a above average MLB player but I think he has little to no chance of being great.
Chris Carter entered a villiage where an ogre had devoured all the crops and livestock, and Chris Carter asked the people of the village, "Have you no beasts of labor with which to pay tribute me?" And the people answered, "No, the ogre has taken our livestock," and with one mighty swing of his bat Chris Carter felled the ogre, and Chris Carter did proclaim, "Let my people be free," and it was so. - Aufheben
by designatedforassignment on Sep 2, 2009 10:09 PM PDT up reply actions
No, Sherrills left handedness was not negated – it was the reason the dodgers valued him so highly. Ive seen it written several times that they specifically sought someone to combat the Phils lefty heavy lineup after last years debacle. And the Valverde haul was nothing to write home about. AND my point was not that Wallace is better than the patrol craft (though I hope he turns out to be) it was that saying Street is “nearly” worth Wallace and Mortenson is ridiculous.
And, yes, I too consider Law a fourth analyst. I laugh everytime I see that in whoevers sig line that is. I’ve even posted on my disdain for the guy. The point is Wallace >> Bell + Johnson = Sherrill > Street. Therefore comparing Wallace to Street when analyzing the deal makes no sense and your conclusion that the A’s gave away Gonzalez us wrong.
i am quite conflicted myself...
but I find the results basically reflecting my position. roughly 60/40 in favor of what we ended up with. Fun exercise though.
Come on, this is not even close
Wallace’s average performance with the bat at this point is probably something like what Gonzalez is already doing at the plate. He’s a bad defender and plays either a decent position very poorly or a bad position pretty poorly. Gonzalez plays a decent position well. Saying there’s a 10 run defensive difference per season is probably understating the case.
And if you would deal Huston Street (much less with Greg Smith thrown in) for Mortenson and Peterson, well, you really need to rethink how much you value roster-filler type prospects.
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
by PaulThomas on Sep 2, 2009 4:58 PM PDT reply actions 1 recs
Did I mention welcome back?
Thank you PT for calling it like it is.
I think the only benefit of this outcome is that we have a legit prospect at third, while we have lots of outfield prospects. We all knew CarGon was going to be something special, now we get to watch from a distance. And Street we all grew weary of, and to his credit, he has done well in the Inferior League, I mean National League.
"Tonto think Billy Beane need to make team full of squirrels and bears."
by OptimistPrime on Sep 2, 2009 5:02 PM PDT up reply actions
Calling Wallace a legit prospect at third is really pushing the truth, I'd say
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
Call me an optimist,
but I choose to believe what I read here, rather than what I see here…
http://projectprospect.com/article/2009/08/29/brett-wallace-defense-scouting-report
Yuck!
by NRC on Sep 2, 2009 7:33 PM PDT up reply actions
from that article
It’s very unlikely that he’ll be a career third baseman in the big leagues, but he wouldn’t be a liability at the position if the A’s called him up today.
Doesn’t that seem like a contradiction?
It means that he can spend a few years at the hot corner
Fine by me, he can be a stopgap until we find a longer term 3B who can stick there on D and O. Then we move him to DH
"I feel like we are sending Danny Haren for Mulder all over again." - Cardinal fan on the Matt Holliday trade
"But at this time of year, two plus two doesn't always add up to eight. Sometimes, it equals four." - Geoff Baker, Mariners beat writer.
What would make him
A worse 3rd baseman at 26 than he is at 23?
"Chicks dig the long ball, although fat chicks will settle for warning track power" - Nick Diamond
Defense peaks before 26
and hell fill out even more and his range will decline from horrible to abysmal.
Chris Carter entered a villiage where an ogre had devoured all the crops and livestock, and Chris Carter asked the people of the village, "Have you no beasts of labor with which to pay tribute me?" And the people answered, "No, the ogre has taken our livestock," and with one mighty swing of his bat Chris Carter felled the ogre, and Chris Carter did proclaim, "Let my people be free," and it was so. - Aufheben
by designatedforassignment on Sep 2, 2009 10:10 PM PDT up reply actions
Exactly
His frame isn’t going to get much smaller, the older he gets the harder it’ll be to play D.
Simple as that. Might as well start looking for another 3B who has decent D and a good bat.
"I feel like we are sending Danny Haren for Mulder all over again." - Cardinal fan on the Matt Holliday trade
"But at this time of year, two plus two doesn't always add up to eight. Sometimes, it equals four." - Geoff Baker, Mariners beat writer.
cough Cardenas cough
Chris Carter entered a villiage where an ogre had devoured all the crops and livestock, and Chris Carter asked the people of the village, "Have you no beasts of labor with which to pay tribute me?" And the people answered, "No, the ogre has taken our livestock," and with one mighty swing of his bat Chris Carter felled the ogre, and Chris Carter did proclaim, "Let my people be free," and it was so. - Aufheben
by designatedforassignment on Sep 2, 2009 10:19 PM PDT up reply actions
I'm hoping it is him
The organization is doing its best to not let Cardenas stay there. Blah
"I feel like we are sending Danny Haren for Mulder all over again." - Cardinal fan on the Matt Holliday trade
"But at this time of year, two plus two doesn't always add up to eight. Sometimes, it equals four." - Geoff Baker, Mariners beat writer.
Ok. Now I must give my standard answer of
How do you know?
That defense peaks at 26, and that he’ll fill out even more.
I mean, Kyle Blanks is young, but do you think he’ll fill out more?
"Chicks dig the long ball, although fat chicks will settle for warning track power" - Nick Diamond
I think Colorado package is better
But when comparing the hauls isn’t it worth noting that the A’s gave up half as much value to get their package. Still doesn’t make the big picture favor the A’s but if we’re comparing the deals in a vacuum I think it’s worth mentioning.
If I'm running a 100-meter dash against you and I start out by running 10 meters in the wrong direction,
it’s sort of odd to praise me for “only” losing to you by 10 meters.
Even taking this as it is, I’d say the A’s gave up well more than half as much value. Just saying Holliday was traded halfway through the season is missing the point, because wins are highly leveraged for teams which are in close races like St. Louis (and poorly leveraged for teams which are out of contention or blowing away the field). It’s closer to 80 percent of value than 50 percent of value— and, sure as shooting, I’d say that the A’s ended up getting about 80 percent of what they paid for Holliday.
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
OK, you lost me again.
I understand how you can assign players value measured in wins. I’ve seen the equations, and in spite of miscellaneous quibbles on details, I get the concept and it makes sense.
But I don’t understand how you can say set a value on a win for a contending team vs a win for a non-contending team. Isn’t that purely a subjective judgment of how much you personally care about wins? What exactly are you measuring when you say some wins are worth 80% and others are worth 50%?
Or am I misunderstanding you completely?
"Go ahead and overachieve, you scrappy Brett-Favre-colored walk-takers." —Rev Halofan
First question-- are you more or less familiar with the concept of leverage within a single game?
I don’t want to waste my writing time and your reading patience on making a detailed analogy if you already know the theory there.
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
Well, I thought I was, but maybe not.
When I hear of “leveraging” in baseball, I assume that means the manager using his players to get maximum value (measured in wins) out of them, by using the better ones in situations where results are more likely to make a difference between a win and a loss (ie, a “leveraged situation”) and using the crummier ones in situations where results are less likely to make a difference.
For example, using your good relievers when the score is close or tied with men on base, using your crappy relievers in a blowout where it’s very improbable that the team that is behind will recover. I suppose by the same logic pinch-hitting with men on base is a sort of leveraging, too.
Is that what you’re talking about?
My understanding of leverage only makes sense as a means of maximizing a certain goal, in this case total wins. If the wins themselves are leveraged, then I don’t understand what the larger goal is; hence my original question.
Are you saying playoff appearances are the real goal, so once the pennant race becomes the equivalent of a blowout, all remaining games are low leverage in terms of maximinzing playoff appearances? I guess I can understand that logic (though of course you know I would disagree with the value judgment). If that’s what you’re getting at, I’m still curious how you calculate those 80% and 50% values. Percentage of what?
"Go ahead and overachieve, you scrappy Brett-Favre-colored walk-takers." —Rev Halofan
Oh, I see.
Reading DiegoAsFan’s reply below, now I see what my confusion is. The 80% refers to the player, not the win. I thought you were saying each non-leveraged win is worth only 50% or 80% as much as … I’m not sure what. I was totally misreading the sentence. My bad.
So if I’m reading you right, the win is still the basic unit of currency and they’re still of constant value, you’re just saying that in terms of a player’s value translating to wins, being on a contending team is a more highly leveraged situation than being on a non-contending team. Is that right?
That makes a lot more sense, but now I’m in the same boat as DiegoAsFan: I understand what you’re saying now, but how do you figure?
"Go ahead and overachieve, you scrappy Brett-Favre-colored walk-takers." —Rev Halofan
It's an analogous situation, basically
Leveraging as a game manager involves using your “assets” in the form of pinch-hitters, relievers, etc strategically in such a way that you relatively maximize your run production/prevention in situations where production is most valuable (late and close games) and relatively minimize run production/prevention in situations where it is not (blowouts).
Similarly, leveraging as a GM involves using assets (valuable contracts and prospects) to relatively maximize your win production in situations where wins are most valuable (tight pennant races) and relatively minimize it in situations where wins are least valuable (lost seasons).
Are you saying playoff appearances are the real goal, so once the pennant race becomes the equivalent of a blowout, all remaining games are low leverage in terms of maximinzing playoff appearances?
Basically, yes. Playoff appearances are what allow owners to make money while putting a winning product on the field, which satisfies both the ego and the pocketbook.
How do I get the values?
BBTN calculates the value of a playoff appearance to a team at around $30M. This has a somewhat idiosyncratic interaction with the market size, unlike the value of regular season wins, which seem to me (warning— hunch alert) to be relatively linearly correlated with the size of a team’s market. If one were to imagine a fanbase filled with frontrunners, the average attendance might be quite low, but the value of a playoff appearance might be very high; conversely, if your fanbase is die-hard “my team right or wrong” types, it might be relatively low. Let’s just leave it at $30M and admit that a team’s market might adjust that figure up or down somewhat.
OK. Now, depending on where you are on July 31, a single-win increase can portend up to a 15% or so increase in your playoff odds (I want to cite to a Beyond the Boxscore article here, but I can’t find the damn thing, or remember what the exact figure is). If you add in a “bonus” value of 15% of $30M to the baseline “$2M-ish” value that winning a game provides, suddenly a win is worth $5.6M to you mid-season. That in turn implies that a team will pay a significantly higher price for a player who will provide a wins upgrade midseason than they would otherwise.
That’s clearly not enough to explain what we’re seeing in terms of team behavior, though. Even if a win is worth 20% more at midseason than it would cost in the offseason through buying free agents, that can’t explain teams paying almost as much for a rent-a-vet in midseason than in the offseason, when his impact on the team’s win total is going to be 3 times as great. Something more is going on here, and clearly I’m missing it right at the moment, so I’m just going to cut off here and think about things some more.
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
Thanks.
Can you point me to the BBTN calculation that puts a money value on a playoff appearance? I’d like to see what financial data they’ve gotten a hold of on which to base that.
Is it purely the estimated revenues for the playoff games themselves?
And If so, does it not logically follow that if you’re leading 3-0 in the World Series, a loss in game 4 is more valuable than a win?
(A similar logic would perhaps explain Oakland’s ALDS “strategy” in 2001-2003….)
"Go ahead and overachieve, you scrappy Brett-Favre-colored walk-takers." —Rev Halofan
Calculations for value of a playoff appearance are found between pages 175 and 190, Baseball Between the Numbers, paperback edition (2007)
In Chapter 5.2, “Is Alex Rodriguez Overpaid?”
The estimate includes not only postseason gate receipts, but also estimates of:
Increased concession, merchandise, and television ad sales in the playoffs and future years
Increased luxury suite sales in the playoffs and future years
Increased regular season ticket sales in future years
(Increased revenue sharing payouts)
the latter being parenthesized because it reduces rather than increases revenue.
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
Not quite trying to praise the A's in that way
I don’t mean to say it was great for the A’s to get involved in trading for/away Holliday because they got back almost as much as they gave. Mainly I’m suggesting that if we’re looking at who received the better package of players we should acknowledge the difference in value that was traded.
Also I’m a bit lost by the implication that 80% of players value in a given season is derived after July 31st. I mean, when the A’s traded for Holliday in the off-season all the AL west teams were still even so theoretically the A’s were in ‘contention’. I can buy that you might expect to get better than half as good a return in a deadline deal as opposed to an off-season deal but I don’t know that I would go 80%.
correct answer
c-gon was rushed and then evaluated based on his numbers being rushed. the way he was handled by the organization was pretty bad for a top prospect. and street…just because we had other relievers who we expected would take his place last year (zeigler, devine) doesn’t mean he didn’t have value. i think we majorly undervalued street in this deal, and deflated c-gon’s value as well. i know, holliday is a known masher, but would have only been a one year rental. even if this works out okay for us in the end, this trade was very poorly done by oakland.
by guy incognito on Sep 2, 2009 7:16 PM PDT up reply actions
What does this mean?
Wallace’s average performance with the bat at this point is probably something like what Gonzalez is already doing at the plate.
What do you mean by Wallace’s “average performance?” And shouldn’t we care much more about what Gonzalez is projected to do going forward than what he’s done in 200 AB this year?
Finally, the A’s didn’t just get the three prospects out of this exchange. They also got 400 PA from Holliday.
50th percentile projection
So, to rephrase: I strongly suspect that Wallace’s 50th percentile wOBA projection in most systems will not exceed Carlos Gonzalez’s current actual career wOBA in MLB.
The value of the 400 PA is, rather extensively, discussed elsewhere on this thread.
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
Why not compare apples to apples?
Why would you compare Wallace’s wOBA projection to Gonzalez’s career wOBA? Again, isn’t Gonzalez’s projection going forward much more important than his current wOBA?
Well, the reason why I picked that baseline
is because I know what Gonzalez’s current wOBA is, and I don’t know what the prediction systems will spit out for him entering next year. (Although we do have rest-of-season ZiPS now.)
I.e. at least this way I’m only guessing as to one of the two numbers (Wallace’s projection) rather than both.
Gonzalez’s rest-of-season ZiPS is lower than his career wOBA (which I find odd and somewhat unconvincing, but it is what it is), so if you think that’s a better estimate of his hitting ability, you’re welcome to make an argument from it about the respective value of Wallace and Gonzalez.
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
Easy win for the Rockies...
They filled a difficult need to fill for their team (good pitching) with an easily replaceable need for their team (good hitting). Their team is still second in runs in the Majors, but has a terrible bullpen ERA (4.54) that would be much worse without Street.
The trade looks even worse when you consider we gave up two years of Street, and the possible draft picks we would have acquired by offering Street arbitration.
The A’s, however, did a good job of recouping value from a bad trade. I’m amazed we even got Wallace for Holliday after his poor start to the season.
I think a more realistic question
would be not whether the Colorado package is better than the St Louis package, but whether the difference between them is greater than the value of having Matt Holliday for half a season.
"Go ahead and overachieve, you scrappy Brett-Favre-colored walk-takers." —Rev Halofan
I know you want to keep banging your "wins have inherent value!" drum, but really, once we get past solipsism,
that value is negligible in baseball terms, particularly for a team like Oakland which doesn’t draw well even when it’s a winning team.
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
Bang bang bang
Last time we brought this up you argued that the half season of Holliday is worth very little to you, and I accept that. You believe that even with Holliday in the equation, the CarGon side is still better, and that’s fine.
What I don’t get is you saying the value of wins is “negligible in baseball terms”. I thought wins were the very currency by which you measure a player or team. What do you mean by “in baseball terms” if you aren’t measuring how good a team is at winning? I am genuinely confused here. When you evaluate a player or a team, what is your standard of value?
If counting wins is solipsistic, what isn’t? I’m not trying to impose my standard of value on you; I’m trying to figure out just what the heck your standard is. When you say Carlos Gonzalez is better than Brett Wallace, what are you measuring? Are you only counting playoff appearances? Only counting World Series championships? Only counting how much money the team earns? What?
"Go ahead and overachieve, you scrappy Brett-Favre-colored walk-takers." —Rev Halofan
OK, I'll try to make out the case here
There are two different things people talk about when they refer to “value of wins.” One is the price you have to pay to obtain a win on the free market. That’s what you’ll get from the “value” calculations at Fangraphs and similar analyses.
But there’s another meaning too, and that’s “how much extra money the team takes in just as a result of winning one extra game.” Those two values are not and never will be identical (unless the draft is abolished or something like that)— the reason why is that a lot of value is provided by players who are not being paid free market wages. That creates a gap between the market value of a single win and the value of a single win to a team.
Various calculations have found that the market value of a win is, depending on the exact time you’re talking about, in the neighborhood of 4-5 million dollars. The value of a single win to a team in terms of gate receipts, merchandise sales, etc etc etc is significantly less than that in most markets. (The one real exception to that is the Yankees, who probably earn more than 4-5M on a per-win basis and thus can afford to sign free agents more or less at will whether they’re contending or not.) Baseball Between the Numbers found that value to be only in the $2M range for most teams.
In a particularly inelastic market like Oakland’s, the actual increase in gate from winning one more game is not particularly large, probably toward the low end of that spectrum. Making the playoffs is a different story, and under the right circumstances it can make sense for even a team in Oakland’s market to pay that $4.5M per win for free agents, but in this case we already know that the 2009 Athletics are riding a downbound train. Once you know that you are not making the playoffs, the value of winning an additional game isn’t very large (and depending on the effect on your draft position, it could even be negative).
Summation:
Wins on the free market have to be purchased at a higher price than their “true value” outside of their impact on your postseason chances. For almost all teams, the majority of the value of wins comes from the fact that they’re a requirement for getting you into the postseason. There just isn’t very much “inherent value” to “watching a team that’s incrementally more likely to win a given regular season game.” And the smaller your market, the lower that “inherent value” becomes.
Applying this to Holliday, we can say that his wins above replacement were probably worth, say, $4M or so in increased revenue to the A’s. Whether you want to discount that for the fact that Travis Buck or Aaron Cunningham probably wouldn’t have been complete ciphers from a WAR standpoint, or not, it’s pretty meaningless in the context of a trade where the surplus values involved are orders of magnitude higher.
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
by PaulThomas on Sep 2, 2009 9:15 PM PDT up reply actions 2 recs
You for got to add OH SNAP at the end.
seriously though good explanation.
Chris Carter entered a villiage where an ogre had devoured all the crops and livestock, and Chris Carter asked the people of the village, "Have you no beasts of labor with which to pay tribute me?" And the people answered, "No, the ogre has taken our livestock," and with one mighty swing of his bat Chris Carter felled the ogre, and Chris Carter did proclaim, "Let my people be free," and it was so. - Aufheben
by designatedforassignment on Sep 2, 2009 9:18 PM PDT up reply actions
I'm trying to encourage iglew-style "politely probing questions"
when people are confronted with things that they don’t follow, not discourage it…
I mean, the alternative is the kind of reactionary chest-thumping we routinely get out of various demagogic sports columnists of the Bruce Jenkins-esque homo troglodytes species…
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
I know ... Iglew and I have a rapport
and I was kidding.
I enjoy Iglew’s questions very much, and in this case that i wasn’t the one that had to answer it.
Chris Carter entered a villiage where an ogre had devoured all the crops and livestock, and Chris Carter asked the people of the village, "Have you no beasts of labor with which to pay tribute me?" And the people answered, "No, the ogre has taken our livestock," and with one mighty swing of his bat Chris Carter felled the ogre, and Chris Carter did proclaim, "Let my people be free," and it was so. - Aufheben
by designatedforassignment on Sep 2, 2009 10:12 PM PDT up reply actions
One critical difference ...
The Holliday trade was made in the offseason — when relievers have significantly less value and when the A’s had at least a moderately realistic hope of contending …
Wins are worth more than money. They’re kind of the point of all of this.
"It's for your own good. Big strong Devo knows whats best for Poppy" -- Mossback
Wow, really? I did not expect this at all.
I thought my last question about money was a throwaway line, but here you are saying that the value of wins is exactly that: how much money they’re worth.
So nobody’s WAR has changed at all, just the value of the W part, which you measure in cash.
Um, OK, I’ll try real hard not to get all romantic on you and say you number-crunchers are taking the fun out of baseball, but … really? Your higher standard of value is money??
So let’s play thought experiment: Suppose there is a team in a market which is 100% inelastic. In other words, winning games and/or making the playoffs makes absolutely no difference on how much money the team makes. Does that mean wins are now valueless for that team? And therefore having better players is valueless as well? This boggles my mind.
Another theoretical question: Suppose that instead of trading Matt Holliday for Brett Wallace et al, Lew Wolff traded Matt Holliday for some top-quality real estate in downtown San Francisco that generates $10M in revenue. Would that have been a fuckin’ A trade?
Sorry, I can’t stop. Here’s one more: If money is the new standard of value, let’s take it to the next step. Suppose* tomorrow Lew Wolff is diagnosed with an incurable disease and has only a month to live. Money can’t buy him happiness and he can’t take it with him. Meanwhile, suppose* Tom Hicks has a high-maintenance wife and a high-maintenance mistress on the side and both of them will leave him if he doesn’t keep raking in the dough. Would that mean that Rangers wins are more valuable than A’s wins, because the owner’s profit is more highly leveraged?
* Examples are purely theoretical. Any resemblance to actual owners is purely accidental.
"Go ahead and overachieve, you scrappy Brett-Favre-colored walk-takers." —Rev Halofan
In your thought experiment of a team with 100% inelastic fans
then yeah, wins are basically valueless. Why spend money on upgrades? You’ll make the same amount no matter what you do. (If you’re an owner who wants to win, the correct move is not “spend money anyway” but rather “sell the team to someone who doesn’t give a crap about winning per se and buy another team which has an elastic market”, which it turns out is exactly what happened with the Marlins when John Henry sold them to Jeffrey Loria.)
Suppose that instead of trading Matt Holliday for Brett Wallace et al, Lew Wolff traded Matt Holliday for some top-quality real estate in downtown San Francisco that generates $10M in revenue. Would that have been a fuckin’ A trade?
From his perspective, probably… you and I might not be all that happy about it, but we’re not the controlling decisionmakers here… and on the other hand, if that $10M a year revenue ended up getting rolled back into the team, maybe it DOES turn out to be a Fucking A trade even from our perspective.
Suppose* tomorrow Lew Wolff is diagnosed with an incurable disease and has only a month to live. Money can’t buy him happiness and he can’t take it with him. Meanwhile, suppose* Tom Hicks has a high-maintenance wife and a high-maintenance mistress on the side and both of them will leave him if he doesn’t keep raking in the dough.
This is actually more real than you might think, although it usually doesn’t involve these kind of outlandish situations. More often, it’s the GM’s career which is, as it were, infected with a terminal disease, or at least a potentially terminal one, viz. the threat of being fired if his team doesn’t make the postseason. In those situations, GMs (shock!) turn out to suddenly discount the future heavily and make irrational decisions in the interest of short-term gain.
I’m not suggesting that this model explains every baseball decision, but it’s a lot better match to teams’ observed behavior than one in which all wins are created equal
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
Now we're getting somewhere.
At the end you mention “observed behavior”. Is that what this is about? To better understand why GMs do what they do?
One thing I’ll say for the socratic method is that it eventually gets to the real core of any question, and often it boils down to “why do we care?” No doubt we each have our own reasons and they vary a lot, not even counting the larger mass of fans who don’t care about sabermetrics at all. Among those of us who do (and I’m at least marginally part of the group), why do we invent all these complicated tools for evaluating players? What is it we want to do with those tools?
The deeper we dig into this, the more you seem to be falling back on simply trying to understand why GMs do what they do. Perhaps that’s what most interests you, but I don’t think that’s the answer for most sabermetrically inclined fans.
The question posed in this thread is: which package do you prefer, Gonzalez-Street-Smith or Wallace-Mortensen-Peterson? Many fans (who probably aren’t in this thread) might have some intuitive preference. Those who are sabermetrically inclined will likely try to objectively evaluate the player’s actual talent and its likelihood to translate into good results for our favorite team. We know what it is we want from a team, and we use the sabermetric tools available to us to try to determine which players best achieve it. For me, the standard might be most total wins. For someone else, it might be playoff wins, or World Series titles. For us, the road ends there. For you, it keeps going. You want to evaluate the wins in terms of how much money they will make for the owner.
We’re all role-playing in this game. Unless one happens to be among the few who is actually employed as an advisor to a baseball team, one doesn’t have any actual decisions to make. We’re all just playing make-believe, saying, “I want the team to do this.” What we want for the team is up to us. I want more wins, someone else wants more pennants, you want to earn more money. That’s fine. Maybe for you the part of the role playing that is most fun is imagining you’re the GM trying to do a good job for his owner.
In another sub-thread I brought up subjectivity, and you attempted to squash it. I may personally care more about total wins, you said, but I can’t impose my personal standard; I have to do what’s going to boost revenues whether I like it or not. Well, no, I don’t. Because I’m not actually a real GM, and neither are you. Each of us is answering questions, like the one at the top of this thread, that ask “which do you prefer?” We may seek tools which are rational and objective to best evaluate the offered packages against our chosen standards, but the standards themselves remain subjective.
I think in our passion for objectivity in our tools, we lose sight of that. By habit, we try to stamp out subjectivity whenever we see it, but that just leads to a never-ending chase after an ever-receding horizon. We evaluate players to see who is better, and we measure them in wins. But wins must then be evaluated to see which are better, and we measure them in money. But money must then be evaluate to see which is better, and we measure them in … what? GM’s job security? Owner’s personal satisfaction? and then how to we evaluate those?
"Go ahead and overachieve, you scrappy Brett-Favre-colored walk-takers." —Rev Halofan
You're right that this is, essentially, a game
In a sense every thread is something like that— a game, rules set by the OP, maybe changed around by the posters, but a game with some kind of rules, anyway.
That being said, at times the solution if you don’t like the rules of a game is more to invent a new game (or thread, in this case) than to try to tinker too heavily with the rules of the existing game…
Switching topics a bit, however, I feel like I should point out that I think evidence strongly favors the position that the A’s would ultimately do better under almost any standard if they had not made the Holliday trade, including your “total wins” standard, unless that standard is strictly “team performance in the 2009 season,” which is frankly not a game I’m interested in playing.
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
P.S.
Oh, and I assume it goes without saying that I disagree with this:
Once you know that you are not making the playoffs, the value of winning an additional game isn’t very large (and depending on the effect on your draft position, it could even be negative).
That, of course, depends on how much you care about the playoffs relative to how much you care about the regular season. This is a subjective opinion, and you and I are on opposite sides of it. We’ve had that argument before, and I assume there’s no point in reviving it.
"Go ahead and overachieve, you scrappy Brett-Favre-colored walk-takers." —Rev Halofan
What you or I think on that particular issue is only minimally relevant, though
Owners and GMs are generally going to go along with the views of whatever group of fans maximizes their profits. And the empirical evidence is pretty clear— fans as a whole want/pay for playoff appearances and playoff advancement, and don’t particularly care about regular season wins in and of themselves. Even if what YOU, iglew, want is regular season wins, if you’re put in charge of a team, you are going to have to largely go along with what your fanbase wants, because otherwise you’re likely to run out of money pretty quickly.
It’s really not a subjective issue at all. What you or I decide to value is somewhat subjective, but most of the public has already made a decision on this issue (as have we). The subjectivity, such as it is, is all in the rearview mirror.
If you’re a politician about to take a contentious vote on a subjective issue like abortion rights or some other issue that doesn’t match up well to “objective” analysis, and you find out that 55% of your constituency [however you define that term, since in practice large financial donors tend to outweigh individual voters…] wants you to support the bill and only 45% want you to oppose it, it won’t do to say “well, it’s subjective either way.” The strategic choice of which way to vote isn’t subjective at all.
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
I don't dispute your logic here, but I do dispute your conclusion.
My sense is that most fans are closer to me than to you on this question.
I wonder if your perception is affected by availability bias, leading you to think of “fans” as the sort of fans who register on SB Nation blogs, follow all the teams, watch Baseball Tonight on ESPN, and know which teams are leading in each division. I’m more inclined to think of the people whose main contact with the game is loading up the kids in the minivan and taking them to the ballpark three or four times a year. These are the people I encounter at the stadium and in real life, and I think there are more of them than the sort of fans we see on the Internet. Many of these regular fans couldn’t tell you what the team’s W-L record is. Knowing the team is in a playoff race makes no difference to them, but it does add to their memory of how much fun the semi-regular baseball trip is if they remember more wins than losses.
On the other hand, I may have my own bias, among other things from being most familiar with the Seattle Mariners market, which I sometimes suspect is atypical in its mellowness (possibly a lingering result of the company having adapted itself to two decades of unremitting suck).
I don’t consider my mind made up on this, so if you or anyone has evidence I’m happy to see it. As of now, I’m not taking it for granted that “most fans” care more about the playoffs. I don’t think they do.
"Go ahead and overachieve, you scrappy Brett-Favre-colored walk-takers." —Rev Halofan
The problem with that argument is that the demand of those fans is EXTREMELY inelastic
I would still have gone to Giants games with my school class even if the team had been horrible (and, for a while, it really was horrible, back in the 1994-95ish period), because the alternative was, you know, having to do schoolwork. Likewise, my actual ticket purchases to A’s games nowadays are basically social and unrelated to the actual performance of the team (my TV watching habits are a completely different kettle of fish, however).
I would strongly suggest reading that chapter on revenues that I mentioned above, however, because it contains most of the data which I’m using to back my contentions with respect to fan preferences.
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
OK, it's on my list.
It’s probably third in line, though, behind “The Book” and Curve Ball. (And that’s just baseball books. Among all books, it’s probably somewhere around 30th in line…)
"Go ahead and overachieve, you scrappy Brett-Favre-colored walk-takers." —Rev Halofan
Uncertainty
OK, I’ve gotten over my emotional reaction to the money thing, and I’ve cooled down. Being completely rational and serious now with no sarcasm. So now we’re measuring the value of wins in terms of monetary cost and anticipated monetary gain. I assume you guys all realize that we have thereby increased the uncertainty of our calculations a hundredfold, right?
I mean, we’ve got a really really good base of data on all the game stats and wins. So if you crunch the numbers and calculate that X points of wOBA translates to Y wins, that’s based on real data and can be a fairly solid mathematical claim. (Not as solid as I think some people try to imply, I would argue, but still reasonably solid.)
But when you say that Y wins translates into Z dollars, you’re really just pulling it out of your ass in comparison. I mean, come on. These are multi-million-dollar businesses that don’t even open their books to the public. And you’re doing back-of-the-envelope calculations on how you think attendance affects their ticket revenues, concession revenues, broadcast revenues, trademark and product licensing, etc, etc. I’m sure whoever is estimating this is making good-faith assumptions, but there is no way it’s even remotely as certain as your baseball-data-based sabermetrics. When it comes to company finances, there’s just way too much information that you just don’t know.
"Go ahead and overachieve, you scrappy Brett-Favre-colored walk-takers." —Rev Halofan
Consider it a reason to support publicly-owned sports franchises, then :-)
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
The angle I think you're missing:
Before the Holliday trade, the A’s chance of making the postseason was X% (yes, X > 0). After the trade, it was X+Y% (again, Y > 0).
By midseason we learned that this was not going to be a playoff team, but remember that going into the season a lot of generally-pretty-decent projection systems had the A’s as the most likely playoff team. Whether you think wins are valueless or not to a non playoff team, Y has significant/real/undeniable value. I don’t think there’s any argument whatsoever that Y is small or negative (even playing poorly, Holliday was among the best on our team), and I don’t think there’s any argument that making a move that meaningfully increases your pre-season playoff odds is worthless when, with hindsight, you learn that the playoffs just aren’t happening.
In short: I don’t care about leveraged wins, but I do care about Y.
"There's never enough time to do all the nothing you want" -Bill Watterson
The whole point of this thread was to evaluate the respective trade packages after the fact
Whether or not the Holliday trade made any sense at the time, and I was rather strenuously on record as saying that it was insane at the time it was made, doesn’t change the valuation of what the team received.
I thought the Haren trade did make sense for the Diamondbacks at the time they made it, but that doesn’t mean it wasn’t a disaster for them in hindsight. There’s actually a thread on this topic going on over at minorleagueball right now.
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
What about when Brett Wallace wins the ROY, MVP, GG at 3rd base, and propels us to the WS next year?
Then, even FURTHER along in the hindsight game, it will be a huge win for us.
"I’m Joey Devine, I’m what Joba Chamberlain would be if he was good and nobody had ever heard of him."
And when he's elected to Congress
There could be more rewards down the road.
Is this the wrong thread for me to cry about Schilling being interested in the US Senate?
by mk on Sep 3, 2009 1:25 PM PDT up reply actions
No, it's the wrong blog.
I didn’t know Curt was interested in a political career. Right now, I think it’s kind of funny, because I assume he’ll be squashed like a bug.
If he really does succeed in becoming a real politician — as a few former pro athletes have succeeded in doing — then we should all judge him on his actual political views. And AN won’t be the place to do it.
"Go ahead and overachieve, you scrappy Brett-Favre-colored walk-takers." —Rev Halofan
I think he has the potential
to be as good a senator as Jim Bunning.
Partisan politics aside, just about everyone agrees that Jim Bunning is,
in terms of how well he handles his job responsibilities, a really terrible senator. I’m pretty sure even the Republicans in the chamber won’t be particularly unhappy to be rid of him.
Linda's in the cold ground, won't see her anymore
Somewhere out on the highway tonight, the drunken engines roar
It's just one of those things, one of those things
-- Al Stewart, "Accident on 3rd St."
In memory of Nick Adenhart and all victims of drunk driving
He sued the NRSC because they tried to primary him
True story
Chris Carter entered a villiage where an ogre had devoured all the crops and livestock, and Chris Carter asked the people of the village, "Have you no beasts of labor with which to pay tribute me?" And the people answered, "No, the ogre has taken our livestock," and with one mighty swing of his bat Chris Carter felled the ogre, and Chris Carter did proclaim, "Let my people be free," and it was so. - Aufheben
by designatedforassignment on Sep 3, 2009 7:31 PM PDT up reply actions
How about Steve Largent?
"Go ahead and overachieve, you scrappy Brett-Favre-colored walk-takers." —Rev Halofan
It's not just that they "won't be particularly unhappy"
They’re thrilled he decided against re-election. And to encourage him in that decision, Mitch McConnell reportedly did everything he could to cut off Bunning’s money supply (kept the big donors from contributing to him).
When I said Schilling could be as good a senator as Jim Bunning, I didn’t mean it as a compliment to Curt Schilling.
Now I’ll cease and desist before I get hammered for getting too directly political.
espn chat
Bob Damon (Sacramento)
Does Wallace have much power potential, or is he a Kevin Youkilis without the 25-30 homeruns
Jim Callis (2:14 PM)
I think Wallace is more of an 18-20 HR guy, though no one thought Youkilis had this kind of power when he was coming up through the minors.
Trader J (Indy)
Better hitter – Laporta or Wallace?
Jim Callis (2:50 PM)
Wallace.
espn.go.com/sportsnation/chat/…with-jim-callis
Cargon vs Sweeney/Buck/Cunningham
That was the choice I assume A’s went over before making the holliday deal. At the same age, cunningham proved to be the better milb hitter stats wise the last couple yrs. You could argue cargon may have regressed as a prospect over the time. He had not put together a dominating season since high A a couple yrs ago. Sweeney more or less was considered a throw in from the swisher deal, a prospect that stalled in AAA for a couple seasons, despite being age 21/22 at the time. Buck just 2 yrs ago along with Barton was profiled as future stars for this offense. None of them had the huge upside of Cargon, but there was a lesser chance they were likely to end up busts either.
Sweeney- his last 200+ ab’s is hitting .300+, he’s a much better player on the road overall .800 +OPS..Add in above avg defense in CF, elite RF defense and he’s a solid player overall.
Would have we seen Rajai “breakout” if other OF’s didnt get injured or traded away…may have been unlikely.
The Hairston trade kind of puts Buck/Cunningham in a roster crunch. Along with Patterson too, who might be better off in the OF longterm. So trading away Cargon mght have hurt a bit, but there is solid OF depth there. Maybe a few yrs down the line Cargon ends up another Ethier/Cruz/Ludwick/Pena etc, the OF’s that remained hopefully dont end up in the trash bin like Putnam, Robnett, Herrera

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