Today, I'll take a look at all of the reliever prices from the auction in today's post.. Keep in mind that these are 5x5 prices; 4x4 closer prices are typically more expensive.
RED SOX: Jon Papelbon $28, Hideki Okajima $3.
Unlike last spring, when there was some drama about whether or not Papelbon would close, this year he's obviously the man. If you could find anything to complain about, it would be the low IP total, but Paps still struck out 84 last year, so it's not like the low innings affected his value all that much in 5x5. He's probably the Cadillac of the closers. Okajima is more of a high K set-up option than a closer-in-waiting.
MARINERS: J.J. Putz $25
Reports started coming out of Seattle as early as March last year that Putz had a balky elbow, but all he did was put up a season that put him well ahead of fellow closers Joe Nathan, Bobby Jenks, Papelbon and Francisco Rodriguez. This is the one closer I regret not pushing $1 higher.
ANGELS: Francisco Rodriguez $24, Scot Shields $2, Justin Speier $1.
K-Rod's clearly the man in L.A. The Shields price has more to do with the fact that he's a middle reliever who could strike out 90 and not with the idea that he'll be the closer if K-Rod got hurt. Shields has been the go-to guy in the past when K-Rod needed a rest, but his workload has been decreasing since 2004, and I wouldn't be surprised if Speier stepped in for the odd save opportunity as well.
TWINS: Joe Nathan $22, Pat Neshek $6.
If not for the trade risk, Nathan probably would have went for Putz money. He's one of the elite options in A.L.-only Roto. The trade winds regarding Nathan have been quiet, but the expectation is that Nathan will be moved somewhere near the trade deadline mid-year. If that happens, this price won't work out. That would also explain the $6 price tag on Neshek. I'd imagine the expectation is solid middle relief numbers for half a season and then 15-20 saves after Nathan is moved.
YANKEES: Mariano Rivera $22, Joba Chamberlain $11.
Rivera's price drops due to his poor April, and the perception that he's going to gradually decline now that he's entering his Age 38-season. It's possible, though he did recover after April and post solid numbers, even if they weren't quite Mariano-like. One thing to watch with Mo is his numbers on zero-days rest declined somewhat in 2007. Joe Girardi might pick his spots a little more and spread out the save opportunities if Rivera has pitched the day before. Chamberlain, meanwhile, is preparing for 2008 like he's going to be a starter, but my guess is that he'll spend a good portion of the year in the pen. With his nasty stuff, high Ks, plus the opportunity for a good amount of vulture wins and saves, this bid isn't that far off. I stopped at $9 in Sportsline.
WHITE SOX: Bobby Jenks $21
He quietly put up just about as stellar a real baseball season as Papelbon did. He's not as valuable in 5x5 because of the strikeouts, but one would hope that Jenks finally won Ozzie Guillen over with his scoreless streak last season.
ATHLETICS: Huston Street $18, Joey Devine $3
Like Nathan, Street's price drops because of the perceived trade risk. He did miss some time due to injury last year, but seemed more than fine when he returned, even posting a higher K/IP rate than he had ever done in the past. Devine is the touts' darling for saves if Street does get moved, but I'm not convinced that Devine is the automatic favorite for the job. Santiago Casilla or even last year's fill-in, Alan Embree, might get the job if Street is moved.
ROYALS: Joakim Soria $16
The market is relatively sluggish on Soria. I suspect it's because he came out of nowhere last year, and will have to prove himself all over again in 2008. The numbers last year looked great, and I think this price is probably too low. I expect Soria's sophomore season to be somewhat like Street's: expect some regression in the ERA and to a lesser degree the WHIP, but he should be a fine option going forward.
TIGERS: Todd Jones $14, Fernando Rodney $1, Joel Zumaya $1.
Jones has been the Tigers closer for two years. Every spring the touts return like the swallows of Capistrano to tell us that Jones isn't going to make it as the Tigers closer. And every year, Jones goes through an obligatory rough patch but then hangs on to the job all year. Of course, Jones is 40 years old, so one of these years the touts will be right. But don't bet on Jones flopping and let him go into single digits. Rodney is probably the logical CIW should Jones fail. Zumaya is projected to be out of action until the All-Star break, so his pick at $1 in a non-carryover league is somewhat puzzling.
INDIANS: Joe Borowski $12, Rafael Betancourt $6, Masahide Kobayashi $1, Rafael Perez $1.
Obviously, no one trusts Borowski, but he's got the contract, and Betancourt is probably more valuable to the Indians pitching two innings than one, especially because stretching Borowski into a two-inning role wouldn't end well. Kobayashi was an elite closer in Japan, and it's possible that Eric Wedge would try him in the closer role if Borowski imploded. Perez is a fine middle relief option who I don't think will get a shot at saves this year. One thing to note about Borowski is that he strikes out a pretty decent amount of guys and isn't a liability in that category.
BLUE JAYS: Jeremy Accardo $11, B.J. Ryan $3
The Blue Jays are saying that B.J. Ryan will be ready to pitch on Opening Day. Given the Blue Jays, um, dubious record on reporting Ryan's health, I won't believe it until I see him throwing in a game situation. If Ryan is healthy, the question then becomes how to the Jays play this situation out. My guess is that they'll do something similar to what the A's did with Street and Embree last year. Ryan will pitch in some low leverage situations at first, and probably be eased into the closer's role after a few weeks. When that will actually happen is anyone's guess at the moment.
RAYS: Troy Percival $10, Al Reyes $4.
Percival's got the big contract, so he should close all year, barring health issues. At his advanced age and with the rust of 2006 perhaps not completely worn off his set-up, Al Reyes, went for $4, which strikes me as a high price for a set-up guy who might not get that many save ops. I think Percival should be OK as the closer, though perhaps the move to the tough-as-nails A.L. East and the prospect of 36 meetings against the Yankees/Red Sox is also a little scary to prospective owners.
RANGERS: C.J. Wilson $8, Joaquin Benoit $4, Kazuo Fukumori $2, Eddie Guardado $1.
Right now, it looks like Wilson has the inside track here, even though Benoit probably has the nastiest stuff in this pen. Another school of thought is that if Guardado proves he's healthy, he'll get the job since he's a Proven Closer. Right now, we have to take the Rangers at their word and assume that Wilson has the job. I'm cynical, however, that he'll succeed. His left/right splits are radical, with an 301 BAA and and 829 OPS against versus right handers in 2005-2007. Wilson might start out the year with the job, but I think he's a poor bet to keep it all year.
ORIOLES: George Sherrill $7, Jamie Walker $4.
Sherill's still officially on the Mariners, but I'm assuming that Crucial Sports bought him at this price with the assumption that he might close for the O's after the Erik Bedard trade goes through. I bought Walker at $4 late, after noticing that there were two other teams that had completely dumped saves. These prices are not surprising for an early February auction. The winner of the job (who, by the way, might not be Sherrill or Walker) will go for a little more money, while the loser might no go for more than $1 or $2. Personally, I find it puzzling that the Orioles are willing to rely on a situational lefty to close for them, but the Orioles seem to running their off-season like a bizarre carnival exhibit. I can't see going more than $10 for whoever wins the job.
3 comments:
Mike,
Thanks for posting. I think the market was somewhat low on everyone. My league usually has 3 teams that go no closer and so the market is a little reduced because there are only 9 teams bidding and prices are usually a little higher. The risks on Nathan and Street are legit, but I think Street has a lot higher chance of going sooner. I agree on Soria, but I'm a little surprised at Todd Jones and Borowski going so cheap. Same with CJ Wilson and Percival.
It was a very risk averse league on the closer side. I might have grabbed 3 cheaper closers in this league and tried to wins saves for less than Papelbon's price tag. Then, again, it's tough to shift on the fly if closers aren't coming up early and you are already spending on your pitching staff and offense.
Eugene - I've been meaning to ask you - are you in a 4x4 or 5x5?
For our 5x5 readers, keep in mind that closers, generally, go on the cheap side. They just do not accumulate enough stats to warrant big dollar spending. For our 4x4 readers, you want to uptick your prices accordingly.
I'm 5x5 AL 12 team. But, my league has shifted to the point that all of the owners understand that the bottom third of pitching is worthless. This isn't too much different than Alex's theory on mixed leagues and the increased value of stars because of the replacement value. Only 108 of about 175 pitchers are drafted, so the last guys taken are worth near nothing.
Our league spends about 33% on pitching, sometimes as high as 35%, but never lower than 32%. One third of those pitchers are $1 or $2. Assuming $85 per team on pitching, but $4 for the final three pitchers leaves $81 for 6 pitchers each. I'd say each team has at least one other pitcher $5 or less. That's $76 for 5 pitchers. Now, you're talking $68 for 4 pitchers. A good percentage of this goes to aces and closers since most other pitchers aren't very reliable. So, top closers don't go for $35-40 like in 4x4, but the top closers go for around $30. Putz and Papelbon would be in that category this year. Nathan would be other than his trade to the NL risk. KRod wouldn't be far behind. Then, I'm expecting a big drop to Jenks and Rivera at around $22, Street at $20, although normally he'd go around $25. Guys like Todd Jones and Borowski easily will go for $15 and Soria could be near $20. CJ Wilson and Percival probably around $12-13.
Usually about 3 teams go no closer. This creates a situation where there are 14 closers, usually 12 secure in their jobs, going to 9 teams. Those teams don't want to pay for two closers and finish with 5 points in saves, so the top guys are bid up pretty high. Having a Putz or Papelbon and adding a second guy in the Borowski category gives a team a shot at winning saves. So does Papelbon and Jones. Nobody takes a top closer in my league and doesn't add a second tier guy to try to win saves. And, there are teams that price enforce the bottom guys once the top guys are gone to make sure that someone doesn't get Papelbon at full price and then a cheap second closer.
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