January, 2010
2010
Draft Day Preview
Does
it get any better than Draft Day? The answer is no.
How does this year's auction
class compare to others?
For the first time in six years, we are
witnessing a reversal in the trend of having weaker and weaker auction
classes with each passing year. Below are the total (current year)
VORPs of the 50 players in each auction:
2003: 2006.9
2004: 2210.3
2005: 2155.9
2006: 1903.2
2007: 1858.0
2008: 1522.4
2009: 1239.8
2010: 1475.4
This is encouraging news for those of
us with money to spend this winter. While we aren't anywhere near
the level of the Class of 2004 (nor even 2008), it's good to see we've
reached somewhat of a nadir.
The same trend reversal is evident if
you focus only on the VORPs of the top ten free agents in the auction:
2003: 729.6
2004: 680.8
2005: 762.0
2006: 621.8
2007: 654.2
2008: 579.5
2009: 524.4
2010: 582.9
It's difficult to believe, but this
will be the first time in league history that veterans Alex Rodriguez
and Derek Jeter are free agents. Their 10-year contracts finally
expired this winter. Several other big names populate the top ten,
including three ace pitchers: Roy Halladay, Cliff Lee and Javier
Vazquez.
In general, this is a very strong
auction class for starting pitching, as Randy Wolf, Ted Lilly, Jarrod
Washburn, Scott Feldman, Ryan Dempster and Carlos Zambrano are also
among this year's bumper crop of free agents. What this means is
that we may finally see some deflation in the salaries of starting
pitchers. It's been many years since a 200-inning staff ace went
for less than $12-15 million (and sometimes as high as $22 million.)
This year, only Halladay -- and possibly Vazquez -- are likely to get as
much as $15 million in salary.
This is also a very strong draft for
teams that are not planning to compete in 2010, as there are several
big-name players coming off of injury-plagues MLB '09 seasons that can
be had at a bargain price. Among them are Jake Peavy, Erik Bedard,
Jose Reyes and Brandon Webb. All four players would normally go
for more than $10-$15 million on the open market, but each can probably
be signed for significantly less this year.
What about the draft class?
If you leave this auction with a ton of
money to spend, and spots still remaining in your starting lineup,
starting rotation or bullpen...you are in deep trouble. This
year's draft class is incredibly weak, even compared to last year's
class. The top ten in terms of VORP are:
1. Juan Uribe (25.7) 2. Ron
Belisario (21.2) 3. Brian Duensing (18.6) 4. Octavio Dotel
(15.5) 5. Brandon Medders (15.5) 6. Travis Miller (15.1) 7.
Miguel Olivo (15.0) 8. Everth Cabrera (14.8) 9. Jon Rauch
(13.9)
10. Blake Hawksworth (13.9)
Yep. Barf-o-rama.
There are some interesting names
kicking around the bottom of this scrap heap, but for the most part,
none of these players is going to carry any team to a 2010 division
title.
How much money is out there this year?
Hold onto your hats. Thanks in
part to our new "Type H" rule, there is less money available to be spent
on free agents this year than at any other time in league history since
the inception of the auction. (Although, on a per-player basis,
there was less money to be spent in 2003.)
Year |
Total cash
available |
# of free
agents needed |
Cash per
player |
$ spent in
auction |
2003 |
$557.1m |
360 |
$1.55m |
$328.5m (59%) |
2004 |
$606.2m |
343 |
$1.77m |
$363.5m (60%) |
2005 |
$498.2m |
292 |
$1.71m |
$318m (64%) |
2006 |
$621.3m |
327 |
$1.90m |
$341.5m (55%) |
2007 |
$569.0m |
296 |
$1.92m |
$364.5m (64%) |
2008 |
$595.5m |
320 |
$1.86m |
$324.0m (54%) |
2009 |
$543.3m |
292 |
$1.86m |
$289.5m (53%) |
2010 |
$417.5m |
261 |
$1.60m |
TBD |
Simple economic theory tells us that
when you have less money to spend on better quality players, you should
see some deflation. This is good news for bargain-hunters, and
those with tons of money to spend.
Which teams will be spending all this money?
No team is in better position to spend
money on free agents this year than the Chicago Black Sox, as they have
a whopping $52.1 million to spend. (If you're curious, the 2003
South Carolina Sea Cats hold the BDBL record by having $58 million to
spend in the auction.) Chicago GM John Gill has plenty of options
available to him. If he decides to go for it in 2010, he can
probably build a winner through free agency. And if he decides to
build a superteam for 2011, he has the resources to do so. It's
the perfect storm.
On a per-player basis, the Akron Ryche
are the wealthiest team in the league. While Chicago needs 18
players to fill its roster, Akron needs only three. And with $17.4
million to spend, that gives them an average of $5.7 million per player.
Other big spenders include (god help us
all) New Milford ($36.1M total/$3.6M per player), Villanova
($29.9/$3.0), Niagara ($29.6/$2.3) and Kansas City ($28.8/$2.4).
At the opposite end of the spectrum, Great Lakes ($2.9/$0.4), San
Antonio ($3.6/$0.4), St. Louis ($5.8/$0.6), New Hope ($6.1/$0.5), Corona
($7.5/$0.6) and Las Vegas ($13.3/$0.7)needn't bother showing up for the
auction at all.
Of the top five teams in 2009 VORP,
Allentown ($14.4/$2.4), Los Altos ($16.3/$1.5) and Salem ($17.4/$1.3)
have plenty of cash to add to their impressive VORP totals this winter.
How does the Class of 2010
look at this point?
Not that any of us are likely to have
any money to spend on them, but the Class of 2010 looks fairly decent at
this point. Among them are Nick Johnson, Jorge Posada, Jimmy
Rollins, Carlos Pena, Francisco Rodriguez, Adam Dunn, Jorge de la Rosa,
Aaron Hill, Josh Beckett, Roy Oswalt, Raul Ibanez, Kevin Youkilis,
Robinson Cano, Mark Buehrle, Manny Ramirez, Ryan Doumit, Joe Nathan,
Jason Bay, Michael Young, Chipper Jones, Brian Roberts and John Lackey. |