Showing posts with label Trades. Show all posts
Showing posts with label Trades. Show all posts

Thursday, May 10, 2012

The Self-Flagellation of Trades Gone By

Former Red Josh Hamilton became the 16th player
in MLB history to hit four homers in a game this week
It was an interesting week for Cincinnati Reds fans, as the team continues to right the ship from a slow start to the tune of yet another series win over the Milwaukee Brewers. The final game of their 4-2 road trip was a classic pitcher’s duel between two of the premiere pitching talents in the National League in Cincinnati’s Johnny Cueto and Milwaukee’s Zack Greinke. Powered by some clutch two-out hitting in the top of the ninth, the Reds squeaked two runs across the plate off closer John Axford in an eventual 2-1 victory. It was the ninth time in ten chances this season that the Reds won the “get away” game to take the final game of the series and push their record in the previous ten games to 7-3.

In spite of the cause for optimism about this current team’s lot, however, social media sites and baseball bloggers everywhere have steered the conversation about the Reds into another, much less productive discussion about a game played in the other league.
Hamilton Goes Ham
Former member of the Reds 2007 club and since-traded slugger Josh Hamilton had a historic evening on May 8th. The outfielder and 2010 American League MVP accomplished a feat that had only been achieved fifteen other times in the history of the sport: cranking four home runs in a game. Along with his fifth hit - a casual double, just for kicks - the four dingers resulted in eight runs batted in and a jaw-dropping, AL-record 18 total bases in the game.
''Obviously it's, other than being in the World Series, the highlight of my big-league career,'' Hamilton said after the game. And just as Rangers fans everywhere were raising a customary ginger ale toast to Hamilton’s remarkable achievement, a multitude of Reds fans fired up their computer to remind the world of the obvious: the Redlegs “lost” the Hamilton trade.

Hamilton hit .292 with 19 HRs and 47 RBI
in 298 at-bats with the Reds in 2007
The Trade
When Hamilton was traded in late 2007, the Reds received pint-sized reliever Danny Herrera and, more notably, starting pitcher Edinson Volquez. Josh was coming off a season where he hit .292 with 19 homers and 47 RBI in 298 at-bats with the Reds. As a “rookie” for the Reds, he led all of the National League with 151,000 write-in votes for the All Star game.  He has arguably been the most dynamic hitting talent in baseball since that fateful December day in 2007, making the All-Star game each of the last four years, securing two Silver Slugger awards in 2008 and 2010 and winning MVP honors in 2010 for both the regular season as a whole and in the AL Championship Series.
At the time of the trade, Volquez was coming off a season in which he won 14 games for the Rangers’ AA and AAA minor league affiliates, posting a 3.67 ERA and holding opponents to a .190 batting average. He was regarded as the third best prospect in the entire Rangers organization by Baseball America and had made marked improvements in his control, leading then GM Wayne Krivsky to believe that, "he was ready to compete and win a job in the rotation in '08."
To Krivsky’s credit, he was right about Volquez in the short term. The pitcher started the 2008 season for the Reds with a 7-1 record and a 1.33 ERA in nine starts. By season’s end, he was 17-6 with the eighth best ERA in the National League (3.21) and was an obvious representative for the National League in the 2008 All-Star Game. Unfortunately, Volquez’s stock began to decline after the 2008 season while Hamilton further entrenched himself as one of the most natural talents in the game. After Tommy John surgery and a suspension for PED use in 2009 and 2010, Volquez’s contributions to the Reds team became increasingly marginal until he was finally packaged as a pot sweetener in the 2012 blockbuster trade that brought Mat Latos over to the Reds. Herrera was a limited contributor in 2009, but eventually waived from the club in 2010.
In light of how the winds of change have blown since “The Trade” it doesn’t take a tremendous amount of baseball insight to say the Reds seemingly got hosed. But judging these exchanges on the plight of a player once they leave an organization is lazy and ignores the most obvious reality of any major sports trade: they happen in the context of the time that they are made.
Accepting Reality without Wallowing
It’s easy to look at box scores around the league and covet having the contributions of the best players in the game wearing your team’s colors. In reality, though, actually attaining and keeping that kind of talent doesn’t happen in a vacuum.
Going into 2008, much like 2012, the Reds had one major glaring need to help them compete: starting pitching. Aaron Harang and Bronson Arroyo were the only true anchors in the rotation. Homer Bailey had just arrived to limited success and some kid named Johnny Cueto was on his way up in the minors. A then-ineffective Kyle Lohse (traded at the All-Star break) and a young Matt Belisle were doing the rest of the heavy lifting for the 2007 staff.  If the Reds club had one position of strength to deal from at the time, it was big-hitting outfielders (Griffey, Dunn), especially with a highly-lauded youngster named Jay Bruce knocking on the door for promotion.   
It’s easy to wish the team had a trade “do-over” knowing what we know now about Hamilton and Volquez. But at the time, keeping Hamilton wasn’t an option that was without liability itself. The experts in Cincinnati and Texas likely saw the same raw talent in Josh that Tampa Bay did when they picked him #1 overall in 1999. But merely possessing talent and having it translate on the field are two different things, and other than his one summer in Cincinnati, Josh Hamilton largely didn’t translate his talent.
This reality should come as no surprise to those familiar with the Josh Hamilton substance abuse saga: alcoholism and drug abuse had him banned by MLB in 2003 before spiraling into another few years of self-destructive behavior following that. Sure, MLB gave him another chance at the game after he cleaned up his act, and so did Tampa Bay. But people seem to forget that Hamilton was not an effective player right upon his return in 2006, as he scuffled along in single-A before finally being released and by the Rays and picked up by the Cubs (on behalf of the Reds) in the Rule 5 draft.  
Cincinnati took a gamble on Hamilton managing his demons, and it happened to pan out in 2007. The Reds were the most recent team (before Texas) to have seem him produce at a high level. For that reason, Cincinnati might have a little more egg on their face than Tampa Bay does for releasing him or Chicago does for taking the cash for his pick in the Rule 5 draft. It wasn’t exactly a sure conclusion that a recovering drug addict with a potential injury propensity would continue that level of production long-term, though.
The Reds took another gamble following 2007 in trading Josh away, potentially “selling high” on a nice redemption story for a position they needed much more sorely than power hitting outfielders.
Hamilton’s 2007 season was one of almost unprecedented in how unexpected it was. Players virtually without exception don’t take three years away from the game and come back to produce at the MLB level on more than a “fluke” basis. His dramatic splits against lefties that season (.222/.296/.292 ) may have even given the Reds cause for concern about Josh getting “figured out” by pitchers or managers as he got more plate appearances. The organization took a risk that whatever production Hamilton would continue to bring wasn’t worth the risk of carrying a player who had been kicked out of baseball for drug use already and needed almost constant supervision to manage his addictions. It probably didn’t help that Hamilton’s personality wasn’t generally well-received in the clubhouse to begin with. In the few years since the trade, (other than a two well-documented “minor” Josh Hamilton relapses) the Reds would seemingly have lost that gamble. But that doesn’t mean it was the wrong idea at the time.
Sometimes a trade isn’t necessarily “bad” in its conception, but the results just end up being that way. Josh Hamilton may be the prime example of this reality in modern baseball.
Enough Hypotheticals Already
Beyond Hamilton, Cincinnati fans have been quick to point out that three of the four homerun leaders in the American League right now (Hamilton, Adam Dunn and Edwin Encarnacion) are former Reds. To simply observe this is one thing, but the insinuations that the Reds royally mismanaged their roster in the last few years by letting these guys walk are a little inaccurate. In fact, the Reds had all three of those players on the same roster in 2007, resulting in a ho-hum 72-90 record, mostly due to abysmal pitching.
To suggest that the Reds would have somehow been able to keep even two of those three players without losing some of the other role players on the current team is foolish. Had the Reds seen the promise in Hamilton like so many fans now claim that they did in hindsight, Cueto, Bailey and Votto may well have been traded for Erik Bedard after all, and the conversation could have been about how terrible that trade was. In any event, the team would almost certainly not have had the flexibility to extend Brandon Phillips as they did, who himself arrived from Cleveland via trade for a bucket of baseballs and a bag of sunflower seeds.
Hypothetical assumptions are unproductive in these conversations because we just don’t know how things would have panned out if the path not traveled was taken. Nothing in this game happens without causing some ripples. When one piece moves in a certain direction, the rest of the roster pieces need to shift to accommodate it somehow. Speculating on “what could have been” in baseball is a game best saved for sadists and masochists.
Josh Hamilton has turned into a monster ball player after being passed over by other MLB teams in his career due to the loaded personal history, Reds included.  Teams passed by Pujols more than 400 times before he was selected in the 13th round of the 1999 MLB Draft. Sometimes stories like that develop in baseball. More often than not they don’t.
The goal of managing a baseball team’s roster is to constantly try to strike balance between the parts and pieces of your club to improve on the number of games you won. The Cincinnati Reds made marginal improvements to their record in each of the years following Hamilton’s trade by addressing priority needs the club didn’t have answers for, leading up to the 2010 NL Central Championship.
Could it have happened sooner or with more frequency had Hamilton stayed? We’ll never know. But we can be sure he isn’t coming back, so Reds fans need to move on. Cincinnati has a ball club this year that hasn’t lost a series in the last six and is two games over .500 in the second week of May. It may or may not last all season, but that’s why the play the game. Fans need to shift attention to the present cast of players wearing Cincinnati on their chest and stop harping on the existence of a hypothetical roster that doesn’t exist and never will.

Wednesday, December 21, 2011

Out Goes Wood, In Comes Marshall

Sean Marshall has lead all major-league
relievers in WAR with 5.0 since 2010
Well, I apparently picked a good week to start this little love affair of a blog. On the heels of this weekend's acquisition of Mat Latos, the Cincinnati Reds have agreed to a trade with the Chicago Cubs that will send Travis Wood and prospects Dave Sappelt and Ronald Torreyes to Wrigley in exchange for lefty reliever Sean Marshall.

Marshall has, in terms of wins above replacement, been the single most valuable reliever in baseball over the last two years, averaging 2.5 WAR each season - a pretty staggering statistic for someone used primarily as a setup man. The 29-year-old, once-starter has spent his entire career with the Cubs to this point. After fully converting to a reliever in 2010, he broke out as one of the best relief talents in the National League. Over 150 innings, he has posted a 2.45 ERA. In that time, he has given up 22 doubles, one triple and just four homeruns. In 75 innings last year, he gave up just one homerun and 19 earned runs while facing 307 opposing batters and striking 79 of them out.

Travis Wood came on the scene in 2010 and had an impressive rookie campaign for the Reds, going 5-4 in 17 starts with a 3.51 ERA. Interestingly, he made his debut against the very club he is now about to play for, holding the Cubs to two hits and two runs. In just his third big-league start, Wood came within three outs of throwing the second perfect game in Reds history, but instead ended up with a no-decision in an eventual 1-0 loss to the Phillies. His sophomore season wasn't quite as rosy, with Wood going 6-6 in 18 starts with a 4.84 ERA. He spent time in AAA Louisville, pitching ten games and going 2-3 with a 5.33 ERA. Still, the young southpaw has displayed moments of brilliance in his short career and stands to be at worst a solid back of the rotation solution for the Cubs going forward.

In these deals, however, there is always a rub in projecting value. This time around, it all has to do with contract length. Marshall is going into his contract year and stands to be a free agent in 2013. With the Reds' payroll constraints and the money Marshall will be able to command as a premium reliever, it may be difficult to extend him beyond this season. Wood, on the other hand, is under team control through 2016. With the new Collective Bargaining Agreement, Cincinnati won't even get a compensation pick for Marshall should he choose to walk after his contract is up unless the trade makes an outrageous arbitration offer. If the Latos trade polarized the Reds fan base, this one has truly left Cincinnati fans as a house divided because of these disparities.

Facing Facts

There's no question that this is a shorter-term move for the Reds, further signifying the "all in" mentality I mentioned in the earlier post about Mat Latos' arrival. It's entirely debatable whether it was the right move and, as is always the case in baseball, 162 games will sort out right from wrong. That said, for all Wood's potential, he wouldn't have the same opportunity to succeed with Cincinnati that he will elsewhere. While the same was true about Yonder Alonso and Yasmani Grandal by virtue of being blocked at their positions, Travis may not have been a good fit for reasons beyond that.

Great American Ballpark is a hitter's park that by its nature is particularly unforgiving to flyball pitchers like Travis Wood. In 106 innings last season, Wood had a low groundball rate of 32.1% and while he put away a respectable 6.5 batters with strikeouts per nine innings, his sub .65 flyout to groundball ratio doesn't project well for the small confines of Great American Ballpark. His home and away splits support this reality, with Wood posting a 5.86 ERA at home last year, almost a full two points above his 3.90 ERA on the road in a similar sample of innings pitched. While he gave up a similar number of hits at home (60) and away (58) in 2011, he gave up four times as many homeruns in Great American as he did on the road, in part resulting in 33 earned runs versus 24 in other ballparks. With Latos' arrival, he was simply the sixth man in a five-man ' rotation and the team moved him for Marshall who should contribute to a larger extent in 2012.

The addition of a reliever of Marshall's caliber and the ongoing vacancy for the Reds closer role begs the question of whether the club would consider him for that spot or not. While it is certainly a possibility based on his FIP and while bullpen roles are often subject to change over the course of a year (see Saint Louis Cardinals, 2011 World Champions), I think Marshall will primarily serve as a setup man for the Reds. While you have to take sample sizes with a grain of salt, here are the numbers of opposing batters against him last year, with plate appearances in parentheses:
  • Seventh inning:  .198/.244/.247 (59 PA)
  • Eighth inning:  .220/.259/.265 (140 PA)
  • Ninth inning:  .340/.375/.396 (87 PA)
I won't get into baseball's eternal debate about whether any good reliever can perform well closing games and pitching in the ninth inning. For all intents and purposes, though, some pitchers are just plain better suited for certain roles. And in a setup role for the last two years, Sean Marshall has empirically been one of the best relievers in baseball.

What Still Might Be Cooking

Since you could almost argue for or against a one-for-one trade for Wood and Marshall based on Chicago's desire to start rebuilding, the inclusion of minor leaguers Dave Sappelt and Ronald Torreyes might signify that the Reds hope to extend Marshall beyond 2012, if possible. He is due $3.1 million in 2012 which is expensive in terms of replacement relief talent, but still more than reasonable for his abilities. The team may have wanted to secure team control for a potential extension during the season before the talented Marshall would hit free agency, where bidding might be competitive.

Dave Sappelt hit .564 in Spring
Training for the Reds last season
Sappelt had a monster line at Spring Training last season, hitting .564 in 38 at-bats with three homeruns and 12 RBI. He spent most of the season in Louisville playing center field and hitting .313 with seven homeruns and a .358 average against lefties. He was called up to the Reds in early August after Chris Heisey injured his oblique and appeared in just under 40 games, going .243 with only 5 RBI.

With Heisey in line to play a part in the left field equation this season, Sappelt was a potential platoon option to spell Heisey's issues with hitting left-handed pitchers. Jocketty has indicated that addressing that platoon issue through free agency is still a potential objective this offseason, along with potentially addressing the bullpen situation further.

The speedy Torreyes was a huge contributor in high-A Dayton last season, hitting .356 with a .457 slugging percentage in a relatively small sample. He converted his 99 hits in for 41 runs batted in and showed tremendous plate discipline for a 19-year-old with a 6.2% strikeout ratio. While he may maintain above average batting averages on balls in play from his speed, his limited frame and tendency to hit singles may not have fit the mold for the Reds plans going forward. His inclusion bolsters the Cubs depth at that position, but shouldn't be a huge detriment for the Reds - especially if they extend Brandon Phillips and hold onto coveted prospect Billy Hamilton, who duplicates many of Torreyes' tools.

As it stands, Jocketty has effectively added one of the better young pitchers in the National League (Latos) and arguably its best left-handed reliever (Marshall) without taking on any net difference in team payroll. The expense was a large part of the nucleus of the Reds' premium prospect base, albeit at positions of depth. If the Reds intend to convert flamethrower Aroldis Chapman to a starter as they've indicated, that means that Sam LeCure is now arguably the club's best option for a spot start until Chapman stretches his innings out, likely in AAA.

Buckle up for 2012.

Tuesday, December 20, 2011

Welcome Mat Latos

24-year-old Mat Latos boasts a
career 3.37 ERA
It seems an appropriate time to launch a labor-of-love blog largely about the Cincinnati Reds on the heels of their largest team deal in the Walt Jocketty era. Sorry Scott – we all love you – but Saturday’s trade for San Diego righty Mat Latos had the number of pieces flying around that signature trades are made of, for better or worse. The move gives the Redlegs a healthy one-two punch of Cueto-Latos at the top of their pitching rotation in 2012 while the club affordably maintains team control of the young pitcher for the next four years.

The trade is one that has polarized a lot of opinions of Reds fans and baseball analysts alike due to the high cost of bringing Mat to Cincinnati. The Reds sent highly-touted prospects Yonder Alonso, Yasmani Grandal, Brad Boxberger and pitcher Edinson Volquez to San Diego, effectively signifying that the Reds first priority is to make a run at it during Joey Votto’s final contract years. There’s no question that top of the rotation pitching was a need for the Reds this offseason and after being involved in rumors with James Shield, Jair Jurrjens and Gio Gonzalez, they finally had a deal they could pull the trigger on.

In addition to filling out a spot in the rotation going into 2012, Mat Latos comes with four years of team control and the move saved the Reds a few million dollars to potentially play in free agency with. But as is always the question with such a trade, you have to wonder who won. And the answer is, well, that it’s hard to answer. But I’ll try to add some context to the deal.

Cost-Benefit Analysis

I want to go on record saying that in four years, or perhaps even sooner, the Padres are going to be able to look at this trade on paper and make the argument that they got the better value in the end. Alonso’s burst onto the scene in late 2011 backed up a stellar minor league resume that had the young first basemen ranked as the club’s third best prospect by Baseball America. The loss of catcher Yasmani Grandal, the fourth-ranked prospect, was another shot to the depth of the current farm system. That said anyone who has been following the swirling speculation around the Reds' desire to trade for a top of the rotation arm had to just about see the writing on the wall for those two prospects if such a deal was going to be struck.

Prospect Yonder Alonso is among the four
Reds heading to San Diego.
With former-MVP Joey Votto anchoring the Reds at first through 2013 and top prospect Devin Mesoroco projected to play a prominent role in the Reds 2012 catching battery, both Grandal and Alonso were blocked from contributing significantly for the next few seasons. While the club kicked the tires on Alonso in left field, you never quite got the feeling that they were comfortable with him there full time due to his less than premium defense. 

Also headed to San Diego are reliever Brad Boxberger and the enigmatic Edinson Volquez. Boxberger was really starting to come into his own in the minors last year and seemed destined to make the Reds bullpen sooner than later. Of all the pieces involved in this trade, Brad was perhaps the most unexpected. But, Reds GM Walt Jocketty said shortly after the trade that he didn’t “think we would have been able to make the deal” without him. At the end of the day, it’s hard to get too hung up on trading away a reliever for a power pitching potential ace along with surplus pieces to the organization.

Reds nation basically ran completely out of patience of the 28-year old Volquez after his Opening Day nod last season. After being acquired through the infamous Josh Hamilton trade, Volquez had a stellar debut for the 2008 Reds posting a 3.21 ERA and a 17-6 record along with a trip to the 2008 All-Star game. It’s safe to say that as far as the Reds are concerned, Edinson peaked early. Following a PED indictment, Tommy John surgery and a 2011 campaign that saw him demoted to AAA Louisville not once, but twice, a change of scenery will probably do well for both the Reds and Volquez alike, who stands to benefit from the cavernous dimensions of Petco Park.  

The return for the Redlegs is a 24 year old pitcher with potential one or two in the rotation stuff. Latos has four pitches in his arsenal with a low-to-mid-90’s fastball and career 3.37 ERA. After a stellar 2010 that saw the right hander go 14-10 with a 2.92 ERA, Latos had consistency issues in the first half of 2011 and had lost a few miles per hour from his velocity going 5-10 through his first 17 games with shoulder issues. But he seemed to have really found his groove after the Midsummer Classic, posting a 2.87 ERA through the final fourteen games and pushing his strikeout-to-walk ratio to nearly 4. He had a WHIP ratio of 1.00 and nearly averaged one strikeout for every inning pitched.

The Smallpark Beckons

There is usually a deserved guard that goes up when conversations around San Diego’s pitching come up. Indeed Petco Park is arguably the most pitcher-friendly park in baseball, despite it being edged out by Tropicana Field and AT&T Park in MLB park ratings. Even casual Reds fans are fairly well-aware that the opposite is true in Cincinnati. Great American has been called a “bandbox” and is endearingly referred to as “Great American Smallpark” by Cincinnatians with good taste. While pitching in Petco is worlds away from pitching at Great American, there is plenty of evidence that Latos is well-equipped to overcome the change in ballpark dimensions. 

It is worth noting that Latos’ peripherals have been better at home than they have on the road in his career… but barely. Last season, Latos had a 3.24 ERA and a 3.50 strikeout-to-walk ratio in the confines of Petco, while going 3.68 with a 2.61 SO/BB on the road. Over his three year career, he’s managed a 3.11 ERA in San Diego and a 3.57 mark on the road. There is discrepancy there, some of which can certainly be written off to Petco. But his peripherals indicate that Mat Latos could manage just fine in another ballpark.

Latos’ fielding independent pitching number is 3.28 over his career and he is in a position to maintain a continually low batting average on balls in play due to Cincinnati’s stellar defense. The home-away splits are not drastically out of line with what you would expect any home-away split to be, ballpark dimensions aside. His peripherals were virtually consistent whatever venue he was playing in. In fact, his homerun total in his career is almost inexplicably higher at Petco than it has been on the road. It is also worth noting that he has pitched almost 60 more innings on the road than at home in his career.
 
In his career, Mat has given up about .8 homeruns per nine innings pitched. This number isn’t staggering or particularly exceptional by any means, but it thankfully isn’t Bronson Arroyo territory either. Last year, Latos struck out over 8.5 batters per nine innings and walked an average of three per nine. He posted a groundball percentage of 43% and though he is also a bit of a fly ball pitcher at times, his strong strikeout numbers should keep him balanced enough to overcome the new park. Last year, despite a rougher first half, he had a better groundball to flyball ratio than Clayton Kershaw. Splits aside, even looking at the "away" statistics for SO/BB (2.61) and ERA (3.68), Mat's numbers are both better than Cueto's career averages, who stands to continue to improve as well.

At a great cost, the Reds have certainly upgraded their rotation with this move and Latos could easily project to be a 4 – 4.5 WAR arm and 15 or 16 game winner in Cincinnati should the Reds bounce back as a team from a disappointing effort in 2011.

Some Final Thoughts
  • Yonder Alonso on paper didn’t seem like a great fit for the Padres who acquired 22-year-old first base prospect Anthony Rizzo when the team moved Adrian Gonzalez to Boston. Rizzo hit .331 with 26 homers and 101 RBIs in AAA before hitting .141 in San Diego towards the end of the last season. Rizzo struck out 46 times, but only has a 128 at-bat sample. With Yonder not being a good fit for Cincinnati’s left field, it’s hard to imagine him ending up in Petco’s large outfield corners. Expect the Padres to trade one of the two pieces with teams like Chicago, Toronto and Tampa in need of a long-term answer at first.

  • Edinson Volquez is a pitcher who stands to greatly benefit from his move to San Diego. Volquez achieved a hard to achieve feat last year posting a homerun to fly ball ratio north of 20%. Assuming he can continue to improve on his walks another year removed from Tommy John, the larger dimensions of Petco should substantially contribute to keeping more balls in the yard. With a hole in their rotation now, don’t expect the drop-off from Latos to Volquez to necessarily be as significant as it may seem. That said, the Padres have much, much larger issues that would likely have limited Latos’ value next season as well.

  • To me, this is a classic quantity-for-quality win-win trade and I expect both teams to get good value out of it. With the rest of the NL Central in a bit of a transition, the time has never been better for the Reds to deal from surplus to open a window. If they can do well over Votto’s final two seasons (and Latos should help), we can only hope team revenue and attendance will increase to continue a competitive run for the second half of Mat’s four years of team control.