Monday, August 8, 2016

Trade Reviews Part 1



           
Cowhide Joyride receives:
Michael Wacha StL - P
Matt Kemp Atl - OF

Angry Pirates receives:
Andrew Benintendi Bos - OF

This is an interesting trade in that all the names are worth a lot more than their production this year. Wacha is overrated as a fantasy asset due to his lack of strikeouts and overall hitability.
His 106/4.35/1.40/13 line this season is mediocre even for a middle of the rotation type, much less a keeper. But Dave has owned Wacha during some of his best times, so I’m sure there’s a level of comfort in that. Meanwhile, Kemp had a fine last season and is doing even better this season as he’s on pace for 83 R, 34 HR, and 103 RBI. The only problem here is his OBP is not only not helpful, it’s a detriment at .283 and he’s stopped stealing all together (no attempts this season). So, that’s something to keep in mind.

That said, for a team competing for a championship, there can be no wasted spots. Benintendi looks to at best be part of a platoon and the likelihood that he struggles is not something Dave can risk, no matter how much he likes him. I don’t think Benintendi turns into a keeper, but he has a few months and he’s flourished at each stop. That said, the jump from AA to the bigs is huge. No real loss by Kyle. I doubt people were knocking down his door for Wacha or Kemp, but I know he was hoping to get more when he first called it quits.

Both get value, but I think Dave edges out Kyle in terms of likelihood to contribute.

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Urban Achievers receives:
Shawn Kelley Was - P
Round 14

One Nut receives:
Jeurys Familia NYM - P
Round 20

Not much to say here other than it made a lot of sense for Jason to upgrade the RP position with one of the best in the league, though 6 rounds is a lot with S+H as a category vs. S. Still, it wasn’t a top pick so no complaints here. Fair deal.

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Thor’s receives:
Nomar Mazara Tex - OF
Trevor Story Col - SS DL
Round 20

Montezumas receives:
Miguel Cabrera Det - 1B
David Price Bos - P
Round 12

If you focus on the names involved, it appears that one team not only gave up better players, they gave up a decent pick upgrade as well. But focusing on names is a dangerous exercise when dealing for production beyond the current season. Any hitter over the age of 30 and any pitcher over the age of 28 is a depreciating asset – if that is not reflected in performance, it should be reflected in perceived value. Miggy and Price are both depreciating assets while Story and Mazara are both going in the opposite direction.

If you take Miggy’s production over the past three seasons (including the impressive performance this season), you get a 150-game average of 88/26/98/1/.397. That’s pretty darn good, but it’s also a line replicated by Kendrys Morales last year (158 games, 81/22/106/0/.362). This isn’t the Miggy of your college years (yes, he’s been around that long). He’ll be 34 when the season starts next year. Meanwhile, Price has been up and down all season and currently sports a 4.34 ERA. He clearly still has some nasty stuff as his K rate is still elite and good enough for 7th in the majors, but he will be 31 in two weeks. There’s a long documented history of SPs falling off around that age, so this could very well be the beginning of the end.

That’s not to say they aren’t going to contribute a lot, Im counting on it actually. That’s why I was willing to trade 21 and 23 year-olds who have proven they belong in the majors and look to be elite fantasy contributors in the future. Story was on pace for a 100/41/110/12/.340 season, which is incredible for anyone – nevermind a rookie. His torrid pace in the first week of the season hit a brief lull for a couple weeks before he adapted and kept crushing, both home and away. In fact, the injury that ended his season came just as he was completing an 8-game stretch that was even more productive than the record-breaking start to the season.

The future value is clear. If someone traded 35-year old Jim Thome in the midst of his 108/42/109/0/.416 season in 2006 for another young Colorado SS, you would’ve thought they were an idiot at the time. But Thome went on to be a decent keeper for two more seasons, while Tulo has been a top keeper for the better part of a decade. Now consider that Story was putting up better number than Tulo ever has. Crazy.  

Mazara was called up a couple weeks before his 21st birthday and has continued to prove he belongs, hitting .282 with 13 HR in 376 ABs. He already is highly ranked on updated dynasty rankings and will be a top ranked keeper league hitter going into next season.

There’s no doubt I will benefit more from this trade in 2016, but I will gladly swap back if Chris wants to before the 2017. I would even add another 10 rounds because there’s no way I make this deal looking beyond the current season.


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Donkey receives:
Steven Wright Bos - P
Bud Norris LAD - P DL
Kendall Graveman Oak - P
Clayton Kershaw LAD - P DL
Round 7
Round 12
           
Sexual Napalm receives:           
Stephen Strasburg Was - P
Jimmy Nelson Mil - P
Danny Duffy KC - P
Round 21
Round 22

This trade makes so much sense I emailed both owners to congratulate them. Kershaw is essentially an untouchable asset when he’s healthy, but he’s not. Mike picked up a pretty damn good consolation prize in Strasburg, while adding two decent starters – one of whom is playing his way into discussion as a high-end asset beyond this season. I held out as a Danny Duffy supporter for a long time due to his past control issues (career BB/9 is 3.45!), but he has righted the ship and then some this season with a 10.30 K/9 and 1.95 BB/9. Some of his 28.8 K% and 5.5 BB% is bullpen innings, but he’s been a borderline ace as a starter and his 14.1 SwStr% is elite and no longer a SSS. Nelson I like much less, but the numbers are there to justify him as a good backend guy. The only problem is the occasional blowups, which can get messy.

The only issue I have with Gibby’s departures is Wright. I realize he’s regressed, but I don’t see Nelson as much of an improvement. I think I would’ve waited until I got closer to the deadline to deal for a replacement, or gone after some of Shannon’s more appealing pieces.

Either way I call this one even steven. Strasburg is still a great keeper SP and gives Gibby an elite rotation to compete against the other top teams, while Shannon bringing home Kershaw and a first rounder is no doubt a huge step toward a big 2017 season.

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Anal receives:
Nolan Arenado Col - 3B
Yu Darvish Tex - P
Jackie Bradley Jr. Bos - OF
Carlos Estévez Col - P
Logan Forsythe TB - 1B,2B
Kyle Gibson Min - P
Round 9
           
One Nut receives:
Josh Donaldson Tor - 3B
Jason Kipnis Cle - 2B
Nelson Cruz Sea - OF
Chris Archer TB - P
Adam Wainwright StL - P
Kenley Jansen LAD - P
Round 14

The trade to end all trades. One of the biggest game changers in the history of High & Tight with some huge names being dealt.

Trades like these are hard to break down, but we can do so piece by piece. First we can just remove Forsythe, Estevez and Gibson from the equation. Lets look at Arenado for Donaldson. Two key differences here are age and categorical contribution. Before next season, Donaldson will be 31 and Arenado will be 26. Those are meaningful years to give up for Jason. Both have been amazing this year, ranked #2 (Donaldson) and #8 (Arenado). One key difference, however, can be seen in their career walk rates: 10.8% for Donaldson and 6.0% for Arenado. That’s pretty significant and you can see it in the 50-point difference in their OBPs. Neither steal much, but Donaldson’s 20 vs. Arenado’s 6 over the past three seasons is noteworthy. Arenado will most assuredly have more top seasons ahead, even if Donaldson’s are better the next 2-3 years. There aren’t many people have put together a line like Donaldson’s 122/41/123/6/.371 season in 2015 and I doubt Donaldson ever reaches that level again, but I’m also certain Arenado never gets there. I see it as a wash, but with the age difference, we will give Anal a slight edge. Believe me, it doesn’t make a difference by the time we get to the end of this exercise.

For all of the fanfare, Yu has really only had one elite season. The 2013 season of 2.81/1.07 with 277 Ks is truly something wondrous. He got injured at the end of 2014, missed last season, and has logged only 38 innings this season through Aug 8th. Next season he turns 30. He’s already had a couple setbacks this season and whiIe I believe we’ll see some great production in 2017 – not 2013 great, but top 15 starter great -- I certainly don’t feel confident with him leading my staff. The interesting thing about this trade is Chris Archer is very much like a younger Yu. His breakout season also came at age 26 and the numbers are actually pretty darn close at 2.90/1.14 and 252 Ks. His rates have taken a hit this season, namely because he’s been letting up 0.4 more HR/9 this season than his career. His xFIP in 2016 is 3.45, which is worse than his 3.01 in 2015, but a lot better than his 4.27 ERA. Given health and age, it’s very clear to me that Archer is a better option heading into 2017.

Let’s just take a quick look at JBJ because it’s hard to make a clear judgment based on production this season (on pace for 95/25/95/10/.370). The thing is, he’s not a spring chicken. He was a college senior when he was drafted out of Stanford and while he was a first rounder, he was more of a solid on-base, good defender, low risk good hitter type. He’s had 1,222 plate appearances from ages 23-26, so I think it’s not out of line to consider his 162 game average vs. that shiny projection:  81/15/68/9/.318. Yawn. What if we split the difference? That’s 88/20/82/10/.344. Is that keeper? At 27, maybe. It’s not clear cut. The question is how much faith you have. One thing is clear though – a 36 year old Nelson Cruz will be a much better keeper for 2017. Since moving from the OF to full-time DH, we’ve been able to see what a healthy Nelson Cruz looks like. Since 2014 -- so his age 33-35 seasons -- his 150-game average is 86/40/97/3/.354. No injury issues, just a bunch of consistent power and a very solid on-base clip. You’ve got to think beyond next season when considering this comparison because there will soon be wear and tear (or a HGH suspension) that will make him less appealing. But given Bradley’s fringiness and lack of upside pedigree, I still like Cruz better than JBJ as a keeper.

OK. To recap: we’re giving a slight edge to Anal for Arenado vs. Donaldson (based on age), One Nut gets edge on Archer vs. Yu (based on age, health, production), One Nut gets clear win with Cruz vs. JBJ (based on clear keeperness). So already we’ve got a win for Jason. Let’s play along and say the modest five round exchange makes up for this difference. It doesn’t really, but, again, it won’t make a difference.

We still got a lot of value going to One Nut consider, most prominently, Jason Kipnis, a 29-year old second basemen, who is on pace for 96/27/97/11/.343. That’s not a small throw in.  What’s that worth on the open market straight up? If you consider a 8th for a 24th a pretty standard type of deal this season, let’s call it a very conservative 16 round estimate… lost.

Adam Wainright, warts, age, and mediocre 112/4.34/1.32/14 season aside, is worth a lot on the open market this time of year because he has a big name, especially with decent past 30 days numbers. I’m sure he could get 10 rounds.

Kenley? Well, that’s easy. Jason just forked over 6 rounds for Familia. Kenley gets 8 easy.  

I realize this exercise makes a lot of assumptions but it’s a worthwhile analysis if we’re going to try to determine exchange of values. In conclusion, it’s not that Anal didn’t receive a nice return. Arenado is a gem, indeed. The key here is the missed opportunity to capitalize on available assets. I see at least 34 rounds of value lost, so that’s why I see this as a clear win for Jason.

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Angry Pirates receives:
Mike Foltynewicz Atl - P
Patrick Corbin Ari - P
Round 12
           
One Nut receives:
Addison Reed NYM - P
Seung Hwan Oh StL - P
Round 15

Ho hum. Couple of good RPs for a few rounds. Reed has actually been elite lately. Still. nothing to see here. Fair swap.

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Angry Pirates receives:
Trea Turner Was - 2B
Seung Hwan Oh StL - P
Tyler Chatwood Col - P
Round 13

S. Napalm receives:
Rajai Davis Cle - OF
Héctor Santiago LAA - P
Kendall Graveman Oak - P
Round 15

This one was a little confusing but I understand why Gibby would want to make some cheap upgrades. Two rounds is nothing to give up, so you have to consider the return. Rajai is having a great season, while Santiago and Graveman have had theis ups and downs. The issue here was Turner wasn’t getting a shot and Gibby already paid dearly for Urias early in the season, and with only one NA slot, it was a tough call. The thing is, Chatwood has been pretty darn good – similar to the other pitchers in the deal, and Oh became the closer on a good STL team. This is one of those deals I feel bad making a call on so long after the fact, but Turner has been really good and looks like he could play his way into keeper conversation next year. Meanwhile, Rajai got ice cold and Graveman was jettisoned as an afterthought in the Kershaw/Strasburg blockbuster. Kyle got another couple rounds for Oh a few weeks later, while Turner is emerging as a potential star. This is a huge under-the-radar deal and a big win for the disgruntled seamen.

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Angry Pirates receives:
Round 13

Montezumas receives:
Brandon Moss StL - 1B,OF DL
Round 16

Not much to say about this one as it obviously was a reaction to my loss of Abreu in the Scherzer deal. Unfortunately, Moss went on the DL within hours of the trade’s execution and he remained there for almost a month before I started to realize value. I didn’t give up much, but as of now Kyle clearly has the upper hand even if he was essentially useless to him.

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Keeping it Real receives:
José Abreu CWS - 1B
Mike Leake StL - P
Round 15

Montezumas receives:
Max Scherzer Was - P
Round 13

This one was executed a month ago and I imagine it wouldn’t be executed now. The results looks worse now than it did when the trade occurred, though obviously there was plenty of disdain when it was executed. Abreu continues to hit at a decent clip, but for some reason the power has escaped him. His HR on Aug. 3 was his first in 32 games. Astounding when you consider his relative youth and two years of 30+ HR and 100+ RBI – a feat only accomplished by two others: Jose Bautista and David Ortiz. There’s still time for him to recover and produce a fine season as his hot streaks get insanely hot. He’s walking at the same rate as last year, but his BABIP is 25 points below his career average, suggesting a lack of luck. He has had foot injuries in the past that he did his best to play through, so that could also be an explanation.

Scherzer, meanwhile, has recovered from his poor start to the year and put up a hot streak like no other pitcher in the league now that Kershaw is laid up. No ifs ands or buts about it, Scherzer is significantly outperforming Abreu.

Keeper-wise, I believe this is ultimately an even swap. While Abreu’s season thus far has appeared to be an outlier, he’s 29 and while that is past the prime years, he clearly still has plenty of quality years ahead. Scherzer, meanwhile, is 32 and there is a long history of pitchers declining sharply after the age of 30. There’s also the consideration that hitters are more valuable as keepers, as evidenced by their making up 65-75% of keepers on an annual basis.  That said, going into next season Scherzer will be ranked as a top 15-20 pick and Abreu will be buried in the 30-40 range depending on how the rest of the season goes. So clearly I’m the winner here and it looks like it may end the season as a landslide.

UPDATE:  Wrote this a few days ago, but it’s worth noting that Abreu went 9/18 with three HR in his four games from Aug 3-7. It’ll be interesting to see how he ends the season.

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