Bailing on the Closer Market: The Andrew Bailey Trade

With good but not overwhelming numbers in the NL Central, it never seemed particularly likely that ex-Yankee prospect Mark Melancon (pronounced, mel-AN-son) would be the Red Sox closer next season. Which meant that there were essentially three options for the role. With all due respect to Alex Wilson, it wasn’t likely that the immediate replacement was in the minor league system, so the Red Sox were most likely to trade for a closer, sign a free agent or slide Bard into the role.

Signing Ryan Madson might in other years have been a good option for both parties, but with the Sox up against the luxury tax threshold and dollars at a premium, even a make-good Beltre-style one year deal probably wasn’t the best employment of our remaining resources. Why would you devote your remaining dollars to a reliever who’s going to throw maybe 80 innings with at least one and maybe two holes in the starting rotation? Or did you think it’d be worth Sox paying the “proven closer” premium for a Cordero and his declining peripherals?

In the wake of the Benoit and Soriano deals last offseason and Papelbon’s haul with the Phillies this, it’s been apparent that the market is overvaluing relievers relative to their actual, expected performance. Witness Tampa, who every year builds a Top 3 bullpen with castoffs like Farnsworth. Which is another way of saying that it was almost certainly going to be a.) trade or b.) Bard, and probably in that order.

Given that the Sox apparently believe that Bard can be a starter, then – a notion I am personally skeptical of – the most logical solution to our pitching needs was to trade for a closer. And with a front office highly focused on valuation – buying low and selling high – most likely a trade for a closer whose value was depressed by performance, health or both.

Hence, Bailey, a reliever limited to 41 innings last year and 49 the year before.

As has been well documented, Bailey is a not quite elite closer with significant health issues and problematic home/road peripheral numbers. We’re taking a flyer, in other words, on a kid who may or may not remain healthy but is likely to pitch adequately if he is. And the acquisition cost, while non-trivial – both Alcantara and Head are high ceiling, boom or bust type prospects, while Reddick is probably destined to be a fourth outfielder – is acceptable. In Keith Law’s words, the Sox are “giving up nothing they’re likely to miss,” at least in the short term. The short term that should be our focus, having missed the playoffs three straight years. Oakland, meanwhile, is right to pay the most attention to the long term, because their outlook this season is, well, bleak, having traded away Cahill, Gonzalez and now Bailey.

The net of this deal, then, is that we give up some high risk/high reward long term value for a short term gain while minimizing our present day dollar costs and thereby preserving financial flexibility. The focus on the dollar cost may or may not be appropriate in light of the post-CBA marketplace which is likely to shift resource allocation priorities away from the draft, but for right now, this deal makes sense for both clubs. Probably the A’s get more for him at the deadline if they held – the cost of reliever acquisitions goes up in season – but the risk that he’d get hurt prior clearly offset that marginally higher expected return.

Having avoided high dollar spending in the bullpen reconstruction, meanwhile, Cherington is now free to redirect his remaining dollars to where they are both most needed and where the valuations are not quite as absurd: starting pitching. Yes, the costs are high, but as starters can generally be expected to throw at least twice as many innings as a reliever, it’s at least bearable. Whether the starter is Kuroda, Oswalt, my pick Jackson or even Maholm, Saunders or Harden, isn’t really the issue: Cherington can let the market, to some extent, come to him. Which again, should keep the cost down.

In the meantime, we’re looking at a bullpen that will see two talented young controllable arms added for less than a third of what Papelbon will be paid by the Phillies. While I might argue with some of the valuations – Lowrie, in particular, seems to be have been sold low – that’s not too bad.

Maybe Cherington, in spite of having gone to Amherst, isn’t so dumb.

I'm Back, Bitches

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In the words of Peter Griffin, “That kill me? Yeah, I was afraid of that.” Instead of a discount surgeon this time, however, it was vacation.

But I’m back now. And badder than before. Hope all you guys are getting this via a feed rather than regular visits.

Anyway, ahl has requested a remaining schedule analysis. Sadly, I don’t have time for anything as detailed as that at the moment, what with the post-vacation hangover crushing me.

That said, let’s take a (reasonably) quick look at the realities of the schedule – and a few other items – in an edition of In Case You Haven’t Been Keeping Up With Current Events.

Shall we?

Beckett

Like most of you – I feel safe in assuming – the words “Dr. James Andrews,” as recently applied to Beckett, absolutely terrified me. As the news was read to me all I could think was “please not Andrews, please not Andrews, please not Andrews.” Not because I’m convinced he’s the difference between a title and not – though we’re obviously not winning one without him, I’m not convinced we’re winning one with our bullpen as currently constituted – but more because of what it could have meant beyond this season. Losing our ace, with all due apologies to Jon Lester, for 18 months to Tommy John surgery would have been devastating.

But the news there, of course, was good. Or at least as good as a visit to Andrews gets. There’s clearly something still wrong, but at least they’ve done all the due diligence they can.

Incidentally, anyone care to place bets that it was Schilling’s experience with the club doctors that led to Beckett’s personal request to see Andrews? If so, I will happily take your money.

Buchholz

A whole slew of folks has checked in to see whether or not my expectations for Buchholz have been rethought in the wake of his flameout and subsequent demotion. The short answer? No. To quote Rob Neyer, “Buchholz is 23, and going through the sort of thing that 23-year-old pitchers often go through.” The list of pitchers – good ones – that have come up and struggled mightily is far too long to be of interest.

Did I expect him to struggle as much as he did? Nope. But does his performance, which was exceedingly poor, change the fact he has the ability to dominate in the big leagues? No again.

Yes, his command deserted him (93 hits and 41 walks in 76 IP). But he’s still striking guys out: 72Ks for a K/9 of 8.53, which is better than Matsuzaka’s 7.93 and Lester’s 6.32, and only slightly worse than Beckett’s 8.74.

Also, his luck was hideous. His BABIP for the 08 season was an appalling .366. Batters are hitting nearly 80 points better than they should, then, on balls put in play. Which screams for a reversion to the mean. Again, for comparison, Matsuzaka (.266), Lester (.303), Beckett (.330).

It is, then, still my firm expectation that the man called Clay will be fine. As Kevin Thomas reports, it would appear that he’s already righting the ship.

It may be true that There Is No Such Thing As A Pitching Prospect, but I’d still rather have Buchholz than just about any other pitcher from the minor leagues.

Byrd, Kotsay, et al

True, I should be doing individual pieces on each. But I’m not, so let’s just focus on the big picture: Theo and the gang did well. Neither, of course, are studs. Nor are they likely to be major difference makers. Byrd is no Sabathia (though what’s left of him come the playoffs should be interesting to see), Kotsay is no Texeira, but you knew that.

What they are, rather, are credible reinforcements. Help for a club that finds itself shorthanded due to injury and performance issues alike.

Nor was the cost prohibitive, although Sumoza’s power is more than I would have liked to surrender, especially considering our system’s deficiencies in that regard. And frankly, I probably would have given up more to get Mrs. Kotsay on our side.

Lester

His one start blip aside, the kid’s been a stud. This is the pitcher everyone valued over Papelbon, over Buchholz, over everyone. He’s emerged a legitimate #2 starter to Beckett, and I feel pretty good when he takes the mound.

My question: what about his innings? He’s at 176.2 right now, with three starts remaining. Say he goes 6 in each: that would put him, at season’s end, at 194.2. Given that he threw 134.2 last year, 200+ innings pitched would seem to be a lot to ask. Particularly for an organization that protects its kids as ours does.

In which case, it would be logical to suspect that they’d skip him for a start or two. But how can they, realistically, when the division is more or less out of our grasp and the wild card is likely to be a down-to-the-wire affair?

A reemergence from Buchholz in the Portland playoffs could be the best thing to happen to Lester’s ’07 season. Because otherwise I’m not sure how the lefty would be available for the playoffs should we be fortunate enough to make it.

MDC

Yes, Mirabelli told Amalie last season that Delcarmen’s stuff was the best on the team, bar none, and yes he’s unscored upon in his last 7 outings (7.1 IP).

But no, I don’t trust him. And I’m not sure Tito does, either.

Sandwiched into that little run, of course, is his one third of an inning appearance at Yankee Stadium in which MDC managed to allow a hit and two walks in the time it took to get one out.

As Baseball Prospectus has written in the last, he’s missed bats at every level, and he’s got all of the tools necessary to be successful. But he’s 26 years old, and this is his fourth year seeing time with the club, and you still don’t know what you’re going to get day-to-day.

Frustrating, because we need him. Badly.

Pedroia

I would love to take credit for the little guy’s resurgence since I wrote this piece refusing to dismiss him, since he’s hitting .391/.432/.609 in that time with 10 stolen bases and more walks than strikeouts, but I can’t.

It’s all him, and bless him for it. We need more of that, as offense is going to be at a premium with our bullpen.

The Division vs The Schedule

Allan’s got the right of it, I think: this is a Wild Card race, not a battle for the division. Sure, we need to try and take the division (I fear the Angels) and, sure, it’s possible that we could take all or most of the six remaining head to head contests with the Rays and make things interesting. But it’s improbable.

We won twice as many games as we lost in August (18-9), and actually dropped two and a half games in the standings (3 GB to 5.5 GB). All you can do is tip your cap to the Rays, and focus on trying to get into the playoffs any which way we can.

Sure, our ‘pen is combustible and likely to prove our undoing, but that’s what we said in ’03 as well, and Embree, Timlin and Williamson suddenly and unexpectedly settled down. Stranger things have happened, then. Not many, but they have.

The Kids & The Playoffs

Finally made it to a Seadogs game this past week, and Lars Anderson – to my completely untrained eye – looks good. I’m always suspect of subjective phrases like “the ball comes off his bat differently,” but, well, it does. The lineout he made in the second damn near killed their shortstop it was hit so hard. Kudos to the Fire Brand guys for getting an interview with him. Sadly, Bard (back) and Reddick (ankle) didn’t play, but it was good to see Diaz (looked not so good with the bat) and others in person.

Also, on a related note, the news that all seven minor league clubs finished with winning records and four (including the Seadogs) are going to the playoffs is welcome. Our front office isn’t perfect – damn you, Lugo – but they’ve legitimately done wonders with the farm system. Which should pay dividends both immediate and long term.

In Case You Haven't Been Keeping Up With Current Events

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04-04-08-PawSox-02, originally uploaded by jasonandrewlayne.

What a difference a week makes.

Had we entered the break mired in second place, I would have made some statements to the effect that the standings at the All Star break count for little. So I’m little inclined to make too much of a half game lead. Particularly after a game in which Matsuzaka threw only 68 of 115 pitches for strikes and the offense left 20 men on base.

Still, first tastes better than second. It’s not often you make up five games in a week. And while it’ll ultimately be of minimal import, the fact that the Tampa kids are hearing footsteps is not terrible news.

Lest we get carried away, bear in mind that our club yet has serious problems. Even as we slightly underperform our Pythagorean expectations and Tampa outperforms theirs, as the Joy of Sox notes.

The bullpen is yet unreliable, as last night’s contest reminds us, and our offense – the explosions against the Twins and O’s this week aside – is streaky. Masterson should help the former and the Large Father the latter (knock on wood), but I assume that Theo and folks are working the phones.

Yes, Tampa just dropped seven games in a row, but should they, for example, pull off a Murton and Street trade, we may have a problem.

Anyway, on to this week’s ICYHBKUWCE…

Ellsbury

A number of you have suggested that Ellsbury’s struggles of late might be attributable to his June 5th injury; the diving catch that resulted in a sprained wrist. You may be right.

It’s not conclusive, but the before and after numbers leave open the possibility of a connection:

AB BA BB K HR
Before 190 .284 28 24 4
After 129 .256 5 22 1

Granted, it’s 60 fewer at bats, but still. Here’s hoping the break does the kid some good.

Lars Anderson

Though he hasn’t gotten too much ink here, Lars Anderson is, according to many, both our best power prospect and our best first base prospect. A couple of updates on his progress:

Baseball America:

Sending big Lars Anderson to the hitter’s haven that is Lancaster figured to produce some fireworks, and Anderson hasn’t disappointed. As hot as Anderson was in June, when he hit .360/.440/.490, he’s been even better in July. Anderson has already cracked four home runs in nine games this month, three of which have come away from Lancaster. He did more than hit for power this week, as Anderson reached base at least once in every game and strung together four multi-hit games. For the season, Anderson is batting .324/.416/.529, ranking him fifth in the league in average and third in on-base percentage.

John Sickels:

Anderson currently ranks seventh in the California League with a .916 OPS, with a complete line of .317/.411/.505, 18 doubles, 11 homers, 45 walks, and 57 strikeouts in 281 at-bats. The league OPS is .744, so his OPS is 23 percent above league context. A left-handed hitter, he’s destroying southpaws to the tune of .383/.462/.617. Against right-handers he’s at .290/.391/.460, an interesting reverse platoon split but one that likely indicates he won’t have to be platoooned at higher levels. I like the high walk rate along with reasonable strikeouts. His home run power may be a bit less than you’d expect from a 6-4, 215 pounder, although he’s obviously dangerous and his home run power is expected to continue to increase. He is still just 20 years old.

On the negative side, Anderson has a sharp home/road split, .359/.451/.579 at home in the friendly confines of Lancaster, .272/.365/.426 on the road. On the other hand, the home/road split has lessened of late. He spent some time on the DL with a sore wrist in May, and has been blistering hot since returning to action in June, hitting .369/.450/.533 in 30 games since returning from the wrist injury.

It’ll be interesting to see if the presence of Anderson influences our appetite for Texeira, if or when he becomes available as a free agent.

Lowrie vs Lugo

Five days ago, Allen Chace over at Over the Monster said this with respect to our shortstop situation:

I don’t think we’re going to see any changes real soon. Lugo is the starter for the time being. There are no terribly appetizing trade options, so until Lugo’s OBP goes down below, say, .330, we’re not going to see Lowrie brought up and given a shot.

At the time, I agreed. And we all know what’s happened since: Lugo strained or tore – depending on who you believe – his quad, and is out for four to six weeks. And just like that, Lowrie replaces Lugo.

The question is for how long? Probably four to six weeks. Particularly if Lowrie is as minimal a factor as he was in yesterday’s contest. Which could be a concern, as he’s been in something of a funk to open July, putting up a .176/.275/.294 down at Pawtucket in 9 games this month.

But what if the kid plays well? Lugo lamented his injury, claiming that he’d just “found his swing.” Which is interesting, since July was shaping up to be his worst month since April (.259/.323/.259). When he comes back, assuming he won’t be a hundred percent in the field, the only thing arguing in his favor for playing time will be the inexplicable $9M we’re paying him.

Odds are Lugo will get his job back. And those of you that have been around a while know that Lugo’s not exactly my favorite player. But I do think it’s worth questioning how far we’re going to go with a shortstop that was essentially terrible before he tore his quad.

Masterson’s Replacing…Who?

Last week, I expressed surprise that Buchholz hadn’t been brought up and Masterson shifted to the pen. Well, it looks as if I was a week early, because Bucky’s back and Masterson will be soon. And none too soon, though he’s not likely to help our walk numbers out there.

When I first heard the news, my first thought was – predictably – why not lsat week? My second, however, was the question Kevin Thomas is asking: “When Masterson returns to Boston, which reliever goes?”

Looking at the staff, I think the conclusion is obvious:

  • David Aardsma
  • Manny Delcarmen
  • Craig Hansen
  • Javier Lopez
  • Hideki Okajima
  • Jonathan Papelbon
  • Mike Timlin

Barring an injury, I think Hansen’s not long for our pen. If he was able to throw even a few more strikes, I might argue for a Timlin exit (as I’m of the opinion that there’s a giant fork sticking out of his back), but the young reliever’s not giving me a leg to stand on.

Couple Timlin’s marginally improved performance since his return from the DL (4 IP, 1 ER, 3 H, 3 K, 1 BB) with Hansen’s ongoing inability to throw balls over the plate (26.1 IP, 25 H, 18BB, 22Ks), and I can’t see anyone but Hansen being sent down.

Not least because he’s the only one that actually can be sent down, as far as I know.

Trade Chips

Given the abovementioned issues with the roster, the Sox front office is undoubtedly doing the due diligence on who’s available. While that subject is covered in detail elsewhere – MLB Trade Rumors is always my first stop – the question of who we’re likely to be asked for is less well documented. Fortunately, Sean McAdam’s broken that down for us. His list looks like this:

Elite Prospects

  • Michael Bowden
  • Lars Anderson
  • Josh Reddick
  • Ryan Kalish
  • Jed Lowrie

Next Level Down

  • Kris Johnson
  • Daniel Bard
  • Oscar Tejeda
  • Che-Hsuan Lin
  • Mark Wagner

Could Draw Interest

  • Brandon Moss
  • David Pauley
  • Chris Carter

There are probably a couple of other players that would be of potential interest – Michael Almanzar, Bubba Bell, or even George Kottaras – that’s a reasonably complete list.

The one thing I haven’t heard many people discuss: Bowden might be overvalued at the moment, his calf injury notwithstanding. Given his performance at Double A, he might be considered by other clubs an elite pitching prospect, but his ceiling is likely considerably lower than that. That doesn’t mean you trade him; pitchers of his caliber don’t grow on trees. But it may make him more of a tradeable commodity than he would otherwise be, particularly in a deal involving young catching talent.

Varitek’s Future

One of the conversations I’ve been having over and over concern’s Varitek’s future. On the one hand, he’s been absolutely miserable with the bat this season. Out of 19 MLB catchers that have seen 250+ ABs this year, Tek is 17th in average,16th in OBP, and SLG. That’s not good.

On the other hand, there’s his celebrated reputation for working with pitchers, his tenure and stature with the club, and the fact that catching around the majors is horribly scarce.

Between those two positions, you might think, lies a compromise path that would keep our captain in a Red Sox uni for the remainder of his career.

According to Hacks with Haggs, however, Peter Gammons is skeptical:

He’s a 36-year-old guy who has played his heart out for a long time. He was not exactly a gifted hitter. He really hasn’t had a good offensive year since 2005, so where is he at this point in his career. What worries me about this for the Red Sox is that this becomes ugly as it comes to the end of the year and he approaches free agency.

I know we have people saying you have to sign him no matter what, but if you have Jason Varitek for four years and $40 million or you have Brian Schneider for one-year and $3 million, there’s no question you take Brian Schneider for the $3 million in my mind.

As much as I really like Varitek, he’s at the point where you really worry about where he’s going to be. Two years at $7 million is fine, but I think that Scott Boras is going to convince someone out there that he’ll make the difference with the pitching staff. And you’ve always got the Mets. They offered Jorge Posada five years at the age of 36, which is one of the most laughable offers of all time. I think if they get down to the end of the year and there’s no progress and Scott is looking for those four years. Jason is a very loyal guy to Scott and it could create a chasm between Varitek and the club that could be a problem coming down the stretch.

It’s not so much that I’m wedded to the idea of having Varitek; it’s more that I don’t know who we’d replace him with.

Lastly

Farewell, Bobby Murcer. Though a Yankee, you were by all accounts a classy individual and a credit to your city and club. RIP.