Showing posts with label Arbitration. Show all posts
Showing posts with label Arbitration. Show all posts

Monday, December 1, 2008

Adam Dunn Not Offered Arbitration

You know what that means? It means that if we sign him, all we have to give up is money, no draft picks. Make it happen Cashman.

Yankees Offer Arbitration to Nobody

That's right, nobody. Pettitte, Abreu, Mussina, and Pudge all could have been offered arb, but the Yanks chose no to, citing economic reasons. They did not want to risk signing these guys to big contracts. I do not understand this. I think Abreu was unlikely to accept, as he wants a three year deal, and even if he did accept, Bobby Abreu on a one year deal isn't the worst thing in the world. I can understand not offering arbitration to Pudge, because he may have accepted, and Moose is retired, and I still think Pettitte is likely to re-sign with the Yanks. However, I do not understand why Bobby Abreu wasn't offered arbitration. Two draft picks is well worth the risk, especially considering the Yankees will likely give up a lot of draft picks since they would like to make a splash in the free agent market this year.

Friday, February 15, 2008

Yankees Beat the Piss out of Wang (In Arbitration)

The Yankees defeated Chien-Ming the Merciless in arbitration today. Thank God! We really needed that $600k badly. Now the Steinbrenners can eat. Yankee Fans rejoice.

I will be going on vacation this week, so posts will be sparse until next Saturday. Bye everyone.

Friday, February 8, 2008

News and Notes

Random stuff from a slow news day:

Friday, January 25, 2008

Yankees Finalize Cano Deal

The terms are four-years, $28 million, but what really makes it a good deal for the Yankees are the options. There is a $13 million option for 2012 and a $15 million option for 2013. If both options are picked up, the Yankees buy out all of Cano's remaining arbitration years plus three years of free agency.

Thursday, January 24, 2008

Three Bits of News

I don't have a lot of time, so I'll mention these briefly:

I'll try to get a longer post in later if I have the time.

Wednesday, January 23, 2008

The Case For a Cano Extension


We are at the point in the offseason where teams are coming to terms with arbitration-eligible players on new contracts, some of which are multi-year deals. Troy Tulowitzki and James Shields have been mentioned already on this site. I have stated that I think this is a good idea, and I believe the Yankees should give Robinson Cano a similar deal, but I have never explained why. Here's why:
First will start with the pros and cons of an extension (for any player, not just Robbie). Players with three, four or five years of service time are eligible for arbitration (so are super two's but I'm keeping this simple; a decent explanation for arbitration rules can be found here). The process begins with the team and player submitting their contract proposal. If they cannot come to an agreement, it goes to arbitration, where an arbiter chooses the offer he sees most fair. Robbie and his agent submitted an offer of $4.55 million, and the Yankees submitted a $3.2 million offer. Cano made $490,800 last year. (Source)
The positives of signing Cano to an extension are: 1. We buy out his remaining arbitration years, and maybe some free agency years (depending on the length of the deal) 2. In a few years, if an extension were not signed, Cano most likely will be making more than he would be under the extension 3. I know, this is similar to number one, but arbitration is a very unpleasant process, so avoiding it is good.
Some negatives: 1. If Cano doesn't pan out as planned, the contract becomes a burden 2. A bigger contract makes him harder to trade (not sure if that's bad) 3. Although saving money in the long term, the Yankees spend more than necessary in the short term.
So this is a risk-reward situation. The question is: Do we have reason to believe Robinson Cano will be an above average second basemen for years to come? If the answer is yes, an extension make sense.
The answer: In my opinion, it's obviously yes.
Similar Batters:
1. Joe Mauer
2. Hanley Ramirez
Similar Batters Through Age 24:
1. Joe Mauer
2. Tony Lazerri
5. Yogi Berra
6. Bill Dickey
8. Nomar
9.Rod Carew
10. Mickey Cochrane
Most Similar by Age:
22.Joe Mauer
23.Joe Mauer
24.Joe Mauer
Pretty impressive comp's. Not sure why there are so many catchers. Anyway, it looks like a safe bet that Cano continues to improve. He was worth 9.2 wins above replacement level last year, according to BP's WARP1. (That's good.)
So what would be a good offer for Cano? Chase Utley recently signed an extension in a similar situation for 7 years and $85 million. Cano's numbers are worse than Utley's so an ideal contract for Cano would be something like 6yrs/60 mil or 7/70.

Pirates Attempt to Get Even Worse

Are you a 32 year-old major league pitcher? Have you never thrown over 200 innings in a season? Is your career ERA 5.09 (90 ERA+)? Well, the Pittsburgh Pirates have a job for you. Jaret Wright, I know you all remember him, has signed a minor-league deal with the Pirates and will make $800k if he makes the major league roster.

In other news: The (Devil) Rays locked up James Shields with a very creative contract. Take note Yankees. Also, the Mets are now the frontrunners for Johan Santana, pretty much because they're still interested.

Sunday, January 20, 2008

Rockies Lock Up Tulo

The Colorado Rockies are approaching a record-breaking contract with their shortstop, Troy Tulowitzki. The deal is for six years and $30 million, which would take Tulo through 2013, with an option for 2014. This is a great move for the Rockies, and the Yankees should take note. Assuming they pick up the option, have bought out three of Tulo's arbitration years and three of his free agency years. This is something the Yankees should be doing with their young players. They should seriously consider locking up Robinson Cano long-term, and should also give some thought about extending CMW, and in a few years Joba and Phil Hughes.

Friday, January 18, 2008

More Arbitration Figures has this handy little table:
Club No.
Player No.
Atkins, GarrettCOL 4,125,000 4,650,000
Bard, JoshSD 1,850,000 2,500,000
Bedard, ErikBAL 6,000,000 8,000,000
Beimel, JoeLA 1,700,000 2,150,000
Belisle, MattCIN 1,000,000 1,650,000
Betancourt, RafaelCLE 1,750,000 2,500,000
Blake, CaseyCLE 5,400,000 6,900,000
Borkowski, DaveHOU 750,000 1,100,000
Bruney, BrianNYY 640,000 845,000
Bruntlett, EricPHI 550,000 800,000
Bush, DavidMIL 2,250,000 3,000,000
Cabrera, DanielBAL 2,600,000 3,300,000
Cano, RobinsonNYY 3,200,000 4,550,000
Chavez, EndyNY 1,725,000 2,075,000
Chulk, VinnieSF 725,000 975,000
Church, RyanNY 1,750,000 2,450,000
Correia, KevinSF 850,000 1,300,000
Cuddyer, MichaelMIN 4,700,000 6,200,000
Feliciano, PedroNY 880,000 1,200,000
Fuentes, BrianCOL 5,050,000 6,500,000
Gaudin, ChadOAK 1,500,000 2,050,000
Geary, GeoffHOU 950,000 1,250,000
German, EstebanKC 837,500 1,200,000
Greene, KhalilSD 4,000,000 4,900,000
Greinke, ZackKC 1,150,000 1,800,000
Guerrier, MatthewMIN 750,000 1,150,000
Hardy, J.J.MIL 2,400,000 3,050,000
Hawpe, BradleyCOL 3,575,000 4,350,000
Howard, RyanPHI 7,000,000 10,000,000
Lopez, FelipeWSH 4,900,000 5,200,000
Loretta, MarkHOU 2,750,000 4,900,000
Molina, YadierSTL 1,850,000 2,750,000
Perez, OliverNY 4,725,000 6,500,000
Phillips, BrandonCIN 2,700,000 4,200,000
Proctor, ScottLA 930,000 1,300,000
Rauch, JonWSH 1,100,000 1,400,000
Rios, AlexisTOR 4,535,000 5,650,000
Rodriguez, FranciscoLAA 10,000,000 12,500,000
Sanchez, FreddyPIT 4,100,000 4,900,000
Snyder, KyleBOS 725,000 1,025,000
Soriano, RafaelATL 2,400,000 3,400,000
Sosa, JorgeNY 1,700,000 2,750,000
Teahen, MarkKC 1,900,000 2,900,000
Valverde, JoseHOU 4,700,000 6,200,000
Wang, Chien-MingNYY 4,000,000 4,600,000
Wellemeyer, ToddSTL 875,000 1,325,000
Wuertz, MichaelCHI 750,000 975,000
Youkilis, KevinBOS 2,525,000 3,700,000

Betemit Signs One Year Deal

UPDATE: Betemit received $1.165 million, a nice raise from the $405,000 he made last season.

Heres the story from Pete Abe

The Yankees sign Wilson Betemit today avoiding his arbitration. That leaves Brian Bruney, Robinson Cano and Chien-Ming Wang. Today is the day the teams and agents exchange salary numbers. Hearings starts on Feb. 1. The Yankees will likely have everybody signed by then.