Sarris: This winter’s top-10 free agents, ranked by value
By Eno Sarris 1h ago 1
There are reasons to shop at the top of the market. Bryce Harper and Manny Machado are young, so young they might still have a peak season in front of them, and a few years before the decline really sets in. There are a limited number of roster and lineup slots, and if you could theoretically fill your starting lineup with nine stars between the ages of 26 and 30, you’d probably have the best lineup in baseball. The teams that can afford it will — and should — go after the top-two available guys this year.
There are reasons to shop at the bottom of the market. Trevor Cahill, Jesse Chavez, Carlos Gonzalez, Derek Holland, Edwin Jackson and Bud Norris could have been had, collectively, for less than $10 million in guaranteed major-league money last offseason, and they all contributed this year. They gave their teams more than eight wins, which would be worth over $60 million on the open market. Bargain-bin shopping works.
But we’ll spend a lot of time on the first two, and the bargain list is for February and March. Right now — with the winter meetings coming — is largely going to be about the group that sits between the bargains and the superstars.
What’s interesting about this group is that we often struggle to rank the players in it. If we rank them based on talent, they fall in line behind the two superstars and the list is generally easy to figure out. If we rank them based on how cheap they’ll be for their acquiring teams, they’ll fall behind the extreme values at the bottom of the market. It’s likely that someone like Nate Karns or Drew Pomeranz ends up providing his next team the most value coming off of a small contract, for example, but it’s a little weird to put those names atop your overall list of free agents.
What if we did something in between? What if we ranked the established free agents — the ones who will get multiple years with guaranteed money — but we listed them by their possible value with respect to their price? We have FanGraphs’ readership to thank for projected deal details, and we can look at their projected value, compare the two, and then sort the list a little to produce a top-10 (established) free-agent ranking based on value for the money.
Here is that list, as I see it:
Josh Donaldson
Wins Above Replacement are probably not exact to a decimal point, at least not the current iterations. What happens if you round the projections to the nearest full number? All of a sudden, Josh Donaldson, Manny Machado and Bryce Harper are all projected to be five-win players in 2019 and are, collectively, the best of the class this year.
One of these things is not like the other, one of these things is not the same.
Of course, there are a few legitimate reasons Donaldson won’t get the same deals that his contemporaries will. He’s nearly seven years older, for one, and that means a lot for the way you age his production going forward. While you might expect five-win production from the youngsters for as long as three more years, you’d expect a player in his mid-30s to lose at least a half-win a year — and more after he turns 35. Add in Donaldson’s calf issues this last year and you’ve got risk that will be reflected in the deal he signs.
But FanGraphs readers project Donaldson to get less than $20 million a year for three years, which seems like a bargain worth jumping at, especially for competitive teams. With Donaldson, the Braves could turn Johan Camargo into a super-utility player, the Nationals could push Anthony Rendon back to second base, and the Angels could push Zach Cozart over to second as well. All three teams could use a five-win boost next year, and all three teams should have the money to do it.
As recently as 2016, Donaldson was nearly an eight-win player. Will he get back there? Is he healthy? It does look like he recovered his old oomph late last year — look at how his exit velocity rebounded in September, for example. Not quite to his old levels, but above 90 mph on average, which is excellent.
Donaldson’s upside — combined with the reduced downside of a shorter, cheaper deal — makes him the best established free agent with respect to value.
A.J. Pollock
How many free agents could play an average center field and also are projected to be above-average with the bat? That’s right. One.
And given Pollock’s ability to play center, his bat rates as better than above-average. He’s been 16 percent better than the league average for the last four years, a feat that only 10 center fielders have bettered — and on that list of 10, four or five are no longer really center fielders. Add in the fact Pollock just showed his best power year in a season in which Arizona’s park actually played as pitcher-friendly due to a humidor, and you have an easy chance to get yourself a top-10 center fielder here.
Of course, Pollock’s injury history is going to create a discount situation. The projections that say that he’s a good free-agent value on the four-year, $64 million start with 630 plate appearances next year, a number that Pollock has only managed one time. It’s tempting to dismiss some of those injuries as freak, but even something as random as breaking his right elbow on a play at the plate had an asterisk — he’d broken that same elbow before.
Here’s the thing, though. As much as we think past injury predicts future injury, the effect is fairly muted. The Athletic‘s Rob Arthur once came up with a model for position player playing time based on past playing time, and if you plug in Pollock’s numbers, that model says Pollock will miss … 18 days in 2019. I think his next team would count one trip to the DL and a couple of missed games as a win.
A deep team with a need in center could add Pollock’s bat and benefit. Depending on their desire to spend, the Giants, Indians, Phillies, Nationals and Mets should be interested in joining the bidding for his services. Given the fact the D-Backs put a qualifying offer on him, though, the guess here is that Pollock returns to Arizona with a nice paycheck.
Yasmani Grandal
Let’s have a little fun. Let’s take the average annual value of the median projected contracts for all the top-50 free agents on FanGraphs and divide it by their 2018 projection to get a loose dollars-per-win number. There are plenty of flaws with this approach, and that’s why Grandal is not the No. 1 free-agent value, but he is No. 1 on at least one list.
Player Position Age Years AAV WAR $/WAR
Yasmani Grandal C 30 3 15.0 3.6 4.2
Wilson Ramos C 31 3 12.0 2.8 4.3
Mike Moustakas 3B 30 3 12.0 2.8 4.3
Josh Donaldson 3B 33 3 19.5 4.5 4.3
Ian Kinsler 2B 37 1 8.0 1.8 4.4
Kurt Suzuki C 35 1 6.0 1.3 4.6
Asdrubal Cabrera 2B 33 2 9.0 1.9 4.7
Charlie Morton SP 35 2 16.0 3.2 5.0
J.A. Happ SP 36 2 15.0 3.0 5.0
DJ LeMahieu 2B 30 3 12.0 2.4 5.0
There are reasons to think this number isn’t even generous enough. Grandal is an excellent framer — the best in baseball last year, overall, by Baseball Prospectus — and that’s not included in the FanGraphs numbers. And there’s a real paucity of young catchers who can hit, so there’s a scarcity issue — Grandal was one of only two catchers under 30 who were above league average with the stick last year. (Wilson Ramos is 30 but also attractive for this reason.)
Of course, there are also reasons to think Grandal’s wins-per-dollar number is too generous. We don’t have great publicly available numbers on game calling, but it’s not Grandal’s strongest suit. Along with his occasional issues blocking the ball, that aspect of his game is part of the reason the Dodgers have gone to Austin Barnes as their primary catcher in the past two World Series.
Still, the chance to get a top-three offensive catcher who is also a top framer will bring many teams to the table. The Mets and Astros have already been linked by rumors, but the Phillies, Red Sox, Angels and Nationals all make a little sense, too.
Charlie Morton
Y’all have heard me talk about velocity enough, so I don’t need to link the thing about how it’s the best predictor of future success and all that. But did you know that Charlie Morton had the fifth-best fastball velocity among qualified starters in baseball last year? 96.6 mph of filth.
But movement and velocity are also important for the curveball, and no starting pitcher threw a curveball that went faster and also had more drop and cut than Morton’s last year. It’s a beauty.
By moving from the sinker to a balanced mix of four-seamers and sinkers, and adding back in his splitter and cutter, Morton has had his best two-year run against lefties, and that looks to continue wherever he lands.
Of course, he doesn’t have command — he acknowledged as much to me when he said “I just grab the grip and throw the shit out of it” this year — and, coupled with his velocity and injury history, he might not be a great long-term bet. The good news is the 34-year-old has not expressed the desire for a long deal; in fact, he was discussing retirement last year.
Any contending team with a little bit of money could use his fire stuff, though.
DJ LeMahieu
It’s a fine time to need a second baseman on the free-agent market, and that’s probably why there are three of them in the top-10 dollars-to-wins leaderboard above — three available veterans mean they collectively drive the cost down. If they’re all going to be values, I’d argue that the thing is to get the best one of the three, and that’s probably DJ LeMahieu.
Due to good defense, mostly, Ian Kinsler is projected to be nearly league average next year, and due to his age (37), he’s probably looking at a one-year deal that might make a good value for his next team. But injuries have come for him, even if he’s playing through them, and nowhere was that more obvious than his romp around the bases in the World Series. Last year, Kinsler’s sprint speed was in the bottom third of the league, and his bat hasn’t been above-average since 2016 and isn’t projected to be next year.
So you’re left with identical deals for Brian Dozier and DJ LeMahieu … and identical projections. Dozier is certainly coming off a worse year and is more than a year older, so it’s easy to reach for LeMahieu.
There’s a chance that more of LeMahieu’s value comes from defense … and that defensive value from a second baseman is less important in the days of the shift. No infield position has seen a bigger drop in defensive chances than second base, at least. But over the past two years, the difference defensively between LeMahieu and Dozier is stark — the difference between the second-best and 15th-best defenders (out of 17 qualifiers) at second base.
The bonus is that LeMahieu started doing something he never had before over the course of 2018: pulling the ball in the air. He didn’t acknowledge a different strategy to me late in the season, but the difference is obvious. Look at left field from 2017 and 2018 and there you’ll see just a little bit of upside — and for a team like the Dodgers that had some difficulty putting the ball in play, LeMahieu’s above-average strikeout rate would already be attractive.
Mike Moustakas
Running a team is impossible, especially with certain owners, I’d imagine.
“Get me power, everyone’s got power, get me more power!” I could see an irascible owner yelling with the cigar in his mouth and a cognac in his glass. “Oh, and improve our strikeout rate, I heard that’s more important than ever. And make it snappy.”
Ah, good. Power, but with fewer strikeouts. Should be easy. Time to take a big sip out of my sabermetricians cup of coffee and peruse the leaderboards for a good option.
Name K% HR
Nolan Arenado 16.9% 75
Mike Trout 19.2% 72
Francisco Lindor 13.6% 71
Manny Machado 15.7% 70
Jose Ramirez 11.1% 68
Mike Moustakas 16.0% 66
Charlie Blackmon 18.9% 66
Marcell Ozuna 19.4% 60
Anthony Rizzo 12.5% 57
Mookie Betts 12.8% 56
That’s your top-10 list for home runs over the last two seasons with an above-average strikeout rate. You know who usually has a good strikeout rate and huge power? Superstars, that’s who. Oh, and two free agents. Part of the reason Manny Machado is going to cost $300 million is he’s on this leaderboard and adds either capable shortstop or elite third-base defense to the package.
Moustakas adds more like bottom tier defense at third and won’t walk all that much, so he has flaws. But for three years and $36 million — as the crowd has it — he might just be able to check two boxes that are very, very hard to check at the same time.
Adam Ottavino
Can we get a pitcher out of Colorado for once? Can we rescue him? Let’s do a fun little 2018 comparison between Ottavino and a pitcher who will cost twice as much according to the crowd.
Name HR/9 ERA- FIP- xFIP- BB% K%
Adam Ottavino 0.58 52 63 77 11.7% 36.3%
Craig Kimbrel 1.01 61 75 74 12.6% 38.9%
This ignores that Ottavino has had worse seasons recently, like the tough year he had in 2017, and that there’s a decent velocity difference between the two. But Ottavino, despite pitching in Denver, had a great year. That strikeout-minus-walk rate was in the top 2 percent all time!
Why should we believe that this is the real Ottavino and not last year’s version? Because he spent all offseason adding a cutter, and then that cutter didn’t give up a single home run all year and had the best whiff rate of all his pitches, which includes this ridiculous slider.
The cutter might not look like much, but it gives Ottavino a pitch he can command that sits in movement and velocity between his ridiculous pitches. For the projected three years and $30 million, he could be a bargain against the top of the reliever market.
Andrew McCutchen
I like Andrew McCutchen for the same reasons I liked the Curtis Granderson deal for the Mets all those years ago: The more tools you have, the more opportunities you have to contribute as each tool ages.
McCutchen’s tools have already fallen off some, but he’s on a good list of players with well-rounded skills. Here are the 11 players in 2018 who contributed with power (above-average isolated power), speed (more than 10 stolen bases), plate discipline (better-than-average strikeout and walk rates) and weren’t zeroes on defense (defensive value above -10).
Name HR SB BB% K% ISO WAR
Mike Trout 39 24 20.1% 20.4% .316 9.8
Mookie Betts 32 30 13.2% 14.8% .294 10.4
Christian Yelich 36 22 10.4% 20.7% .272 7.6
Alex Bregman 31 10 13.6% 12.1% .246 7.6
Jose Ramirez 39 34 15.2% 11.5% .282 8
Manny Machado 37 14 9.9% 14.7% .241 6.2
Freddie Freeman 23 10 10.7% 18.7% .196 5.2
Francisco Lindor 38 25 9.4% 14.4% .242 7.6
Aaron Hicks 27 11 15.5% 19.1% .219 4.9
Andrew Benintendi 16 21 10.7% 16.0% .174 4.3
Andrew McCutchen 20 14 13.9% 21.3% .169 2.6
On average, this group was 47 percent better than the league with the stick, and there’s a chance McCutchen has more power than he’s shown here — he’s played in the two parks that suppress homers by righties more than any other parks, and 20 percent more of his fly balls have left the park on the road over his career so far.
While McCutchen is the oldest on this list, it’s a great place to live. And that age will keep his deal short — the crowd says he’ll get three years and $42 million, and that’s an easy bargain for someone likely to put up something like six wins over the next three years (with a little upside due to finding a better park for his power).
Marwin Gonzalez
Gonzalez offers something that no other top-50 free agent does: positional versatility. And that’s becoming increasingly valuable as starting pitchers are taken out earlier and earlier. The past few postseasons have shown us that players are being asked, on average, to play more positions in order to be the glue that keeps a lineup together during double-switches, and it’s particularly important to be able to play the infield and outfield, given the makeup of most benches.
This probably means that Gonzalez will end up on a National League team that could use a switch hitter who plays all over the field. There are plenty of good fits.
The Nationals don’t really have a player like this — maybe Wilmer Difo will fill that role for them, but Gonzalez is projected to be up to 30 percent better with the bat than Difo is — and if they want to sign a bigger name in the outfield, Gonzalez could be part of a solution at second base and a big boon for their versatility late in games. Pairing Gonzalez with Johan Camargo could help the Braves in a couple of lineup slots instead of spending on just one. Even in the American League, teams like the Angels and A’s could use a player like this — and the Yankees have a stopgap need at shortstop while Didi Gregorius is hurt, after which Gonzalez could help all over.
Versatility is in, and this free agent offers it in spades.
Yusei Kikuchi
There’s a good chance that Kikuchi is not at all a value. There’s a ton of risk in signing this pitcher out of Japan’s Nippon Professional Baseball. He’s not a consensus top talent like Yu Darvish, Shohei Ohtani or even Miles Mikolas. He took a step back this year off a peak year in 2017, and he’s been injured fairly frequently. His changeup is inconsistent, and he might need to develop it or his curve to make good on his upside in America.
But it’s that upside — and maybe just the fact that I wanted to explore his arsenal — that will make him intriguing. There’s the chance to get someone like a left-handed version of Kenta Maeda here: a mid-rotation starter who could also do good work in the bullpen.
If you just look at what Kikuchi did last year in the context of his league compared with what other pitchers in America did in context to Major League Baseball, you see how the range of comps extends from the very back end to even the front end of a rotation.
Name K9+ BB9+ HR9+ ERA+
Mike Clevinger 113 100 79 72
Yusei Kikuchi 118 76 90 79
Derek Holland 108 116 83 85
David Price 110 84 106 85
German Marquez 128 86 91 90
OK, so he could either be Derek Holland or David Price. That clarifies things. The problem here, too, is that we’ve used raw Japanese stats and haven’t washed them to compare with players in the majors. Dan Szymborski, father of ZiPs, has done that to find his major-league equivalencies. He provided his ZiPs projection for Kikuchi:
That’s basically a fourth starter, since there were 100 starters worth more than 1.5 wins last year. So, more Derek Holland than David Price.
Looking at his repertoire, you might get just as confused. Kikuchi has modeled his game after Clayton Kershaw, and has a great slider, as outlined excellently by Daniel Brim. Here it is in peak form.
Add that slider to an inconsistent changeup and a great slider and a big curveball, from a lefty who idolizes Kershaw? Easy to get excited.
The problem is, he’s emulated Kershaw all the way down to the velocity loss. After he suffered shoulder stiffness last year, his average fastball dropped down close to around 91 mph.
So he’s a lot more Derek Holland than David Price, huh? So why not get Holland with a small short deal — he didn’t even make the top-50 free agents on FanGraphs — instead of handing out the crowdsourced projection of four years and $52 million?
In a word, age. At 27, Kikuchi is the youngest pitcher on the market by two years. He touched 98 mph and broke the velocity record for lefties in 2017. What if he returned to that form? There’s also the fact his changeup has a 10+ mph velocity difference with his fastball, which is well above average, so there’s some hope there that the acquiring team could actually be getting some sort of 27-year-old Kershaw Lite.
If the cost is a little bit lower than the crowdsourced number, there could be a contract that captures Kikuchi’s upside and downside perfectly. Then we’ll get to see his stuff up close.