{"id":10255,"date":"2015-02-11T13:58:05","date_gmt":"2015-02-11T18:58:05","guid":{"rendered":"http:\/\/www.nationalsarmrace.com\/?p=10255"},"modified":"2015-04-08T10:03:42","modified_gmt":"2015-04-08T14:03:42","slug":"qualifying-offers-are-they-working-2015-edition","status":"publish","type":"post","link":"https:\/\/www.nationalsarmrace.com\/?p=10255","title":{"rendered":"Qualifying Offers: Are they working?  (2015 edition)"},"content":{"rendered":"<div id=\"attachment_7906\" style=\"width: 310px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/www.nationalsarmrace.com\/wp-content\/uploads\/2013\/10\/ScherzerMax-unk-via-bringonthestats-blog.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-7906\" class=\"size-medium wp-image-7906\" src=\"http:\/\/www.nationalsarmrace.com\/wp-content\/uploads\/2013\/10\/ScherzerMax-unk-via-bringonthestats-blog-300x190.jpg\" alt=\"The QO didn't affect Scherzer's next contrct very much.  Photo AP Photo\/Paul Sancya\" width=\"300\" height=\"190\" srcset=\"https:\/\/www.nationalsarmrace.com\/wp-content\/uploads\/2013\/10\/ScherzerMax-unk-via-bringonthestats-blog-300x190.jpg 300w, https:\/\/www.nationalsarmrace.com\/wp-content\/uploads\/2013\/10\/ScherzerMax-unk-via-bringonthestats-blog.jpg 630w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-7906\" class=\"wp-caption-text\">The QO didn&#8217;t affect Scherzer&#8217;s next contrct very much. Photo AP Photo\/Paul Sancya<\/p><\/div>\n<p>Last year we did a <a href=\"http:\/\/www.nationalsarmrace.com\/?p=8768\">quick analysis<\/a> of all the Qualifying Offer-receiving free agents to see if the system was &#8220;working.&#8221;\u00a0 (note; from here out I&#8217;ll use the abbreviation of QO for Qualifying Offer).<\/p>\n<p>Now that <strong>James Shields<\/strong> has signed, there remain no more free agents on the market who received a QO from their former team.\u00a0 Lets take a look at how the qualifying offers affected the markets for those players who got them this off-season.<\/p>\n<p>Here&#8217;s a table of the 12 players who received QOs ahead of free-agency (I hope this table is readable once it publishes&#8230;)<\/p>\n<table style=\"height: 757px;\" width=\"761\">\n<tbody>\n<tr>\n<td width=\"39\">Year<\/td>\n<td width=\"151\">Player<\/td>\n<td width=\"48\">Old Team<\/td>\n<td width=\"43\">New Team<\/td>\n<td width=\"71\">Draft Pick Forfeited<\/td>\n<td width=\"75\">Signing Date<\/td>\n<td width=\"72\">Subsequent contract (w\/o options)<\/td>\n<td width=\"45\">Money up\/down per AAV<\/td>\n<td width=\"80\">Q.O. Screw the player?<\/td>\n<\/tr>\n<tr>\n<td>2014<\/td>\n<td>Melky Cabrera<\/td>\n<td>TOR<\/td>\n<td>CWS<\/td>\n<td>3-81<\/td>\n<td>12\/15\/2014<\/td>\n<td>3yr\/$42M<\/td>\n<td>-1.3<\/td>\n<td>Not Really<\/td>\n<\/tr>\n<tr>\n<td>2014<\/td>\n<td>Nelson Cruz<\/td>\n<td>BAL<\/td>\n<td>SEA<\/td>\n<td>1-21<\/td>\n<td>12\/1\/2014<\/td>\n<td>4yr\/$58M<\/td>\n<td>-0.8<\/td>\n<td>No<\/td>\n<\/tr>\n<tr>\n<td>2014<\/td>\n<td>Michael Cuddyer<\/td>\n<td>COL<\/td>\n<td>NYM<\/td>\n<td>1-15<\/td>\n<td>11\/11\/2014<\/td>\n<td>2yr\/$21M<\/td>\n<td>-4.8<\/td>\n<td>Sort of<\/td>\n<\/tr>\n<tr>\n<td>2014<\/td>\n<td>Francisco Liriano<\/td>\n<td>PIT<\/td>\n<td>PIT<\/td>\n<td>none<\/td>\n<td>12\/9\/2014<\/td>\n<td>3yr\/$39M<\/td>\n<td>-2.3<\/td>\n<td>Sort of<\/td>\n<\/tr>\n<tr>\n<td>2014<\/td>\n<td>Russell Martin<\/td>\n<td>PIT<\/td>\n<td>TOR<\/td>\n<td>1-18<\/td>\n<td>11\/18\/2014<\/td>\n<td>5yr\/$82M<\/td>\n<td>1.1<\/td>\n<td>No<\/td>\n<\/tr>\n<tr>\n<td>2014<\/td>\n<td>Victor Martinez<\/td>\n<td>DET<\/td>\n<td>DET<\/td>\n<td>none<\/td>\n<td>11\/14\/2014<\/td>\n<td>4yr\/$68M<\/td>\n<td>1.7<\/td>\n<td>No<\/td>\n<\/tr>\n<tr>\n<td>2014<\/td>\n<td>Hanley Ramirez<\/td>\n<td>LAD<\/td>\n<td>BOS<\/td>\n<td>2sup-69<\/td>\n<td>11\/25\/2014<\/td>\n<td>4yr\/$88M<\/td>\n<td>6.7<\/td>\n<td>No<\/td>\n<\/tr>\n<tr>\n<td>2014<\/td>\n<td>David Robertson<\/td>\n<td>NYY<\/td>\n<td>CWS<\/td>\n<td>2-45<\/td>\n<td>12\/9\/2014<\/td>\n<td>4yr\/$46M<\/td>\n<td>-3.8<\/td>\n<td>Sort of<\/td>\n<\/tr>\n<tr>\n<td>2014<\/td>\n<td>Pablo Sandoval<\/td>\n<td>SFG<\/td>\n<td>BOS<\/td>\n<td>2-44<\/td>\n<td>11\/25\/2014<\/td>\n<td>5yr\/$95M<\/td>\n<td>3.7<\/td>\n<td>No<\/td>\n<\/tr>\n<tr>\n<td>2014<\/td>\n<td>Ervin Santana<\/td>\n<td>ATL<\/td>\n<td>MIN<\/td>\n<td>2-43<\/td>\n<td>12\/11\/2014<\/td>\n<td>4yr\/$55M<\/td>\n<td>-1.55<\/td>\n<td>Not Really<\/td>\n<\/tr>\n<tr>\n<td>2014<\/td>\n<td>Max Scherzer<\/td>\n<td>DET<\/td>\n<td>WAS<\/td>\n<td>1-29<\/td>\n<td>1\/21\/2015<\/td>\n<td>7yr\/$210M<\/td>\n<td>14.7<\/td>\n<td>no<\/td>\n<\/tr>\n<tr>\n<td>2014<\/td>\n<td>James Shields<\/td>\n<td>KC<\/td>\n<td>SD<\/td>\n<td>1-13<\/td>\n<td>2\/9\/2015<\/td>\n<td>4yr\/$75M<\/td>\n<td>3.45<\/td>\n<td>no<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>It should be noted that for the third consecutive year, not one player who received a QO accepted it despite its ever increasing value ($15.3M for 2015).\u00a0 Is this &#8220;reverse collusion&#8221; on the part of the players, not to play the QO game?\u00a0 For the third year, there were players about whom pundits scratched their heads as to why they chose not to take the offer.\u00a0 While not as obvious as in 2013 (when both <strong>Stephen Drew<\/strong> and <strong>Kendrys Morales<\/strong> vastly over-stated the market for their services and were severely penalized as a result), the fact that especially <strong>Michael Cuddyer<\/strong> and <strong>David Robertson<\/strong> didn&#8217;t take the QO remained puzzling.<\/p>\n<p>So, among the 12 players, who was hurt?\u00a0 In the end, nobody really.<\/p>\n<ul>\n<li>Half the players got new contracts with AAVs above the QO figure, in some cases significantly above.\u00a0 So they&#8217;re not being &#8220;hurt&#8221; by the system.\u00a0 This list includes <strong>Russell Martin, Victor Martinez, Hanley Ramirez, Pablo Sandoval, James Shields<\/strong> and of course our own <strong>Max Scherzer<\/strong>.<\/li>\n<li>Another 3 players (<strong>Melky Cabrera, Nelson Cruz<\/strong> and <strong>Ervin Santana<\/strong>) signed longer term deals for slightly less than the AAV of $15.3M.\u00a0 I say these guys were &#8220;not really&#8221; hurt since they guaranteed themselves 3-4 years and in each case nearly or more than $50M of earnings.\u00a0\u00a0 Each player rightly gambled and guaranteed themselves $50M instead of $15M.<\/li>\n<\/ul>\n<p>The remaining three players each kind of have extenuating circumstances.<\/p>\n<ul>\n<li><strong>Michael Cuddyer<\/strong> (inexplicably) signed a 2yr\/$21M deal with New York instead of taking a 1yr\/$15.3M deal to stay in Colorado.\u00a0 There has to be more to this story; why wouldn&#8217;t his agent have advised him of taking the QO and then hoping to get a 1yr\/$6M deal the following off-season??\u00a0 Wouldn&#8217;t that have been the better play?\u00a0 Did he want to leave a losing team in Colorado?\u00a0 (If so, why the heck did he go to the Mets??)\u00a0 The Mets even more inexplicably gave up the 15th overall pick to get an 35-yr old corner outfielder who played just 49 games last year due to injuries and who has a combined 3 bWAR in the last two seasons.\u00a0\u00a0 One can see the nature of the kind of player you can generally get in the <a href=\"http:\/\/www.baseball-reference.com\/draft\/?overall_pick=15&amp;draft_type=junreg&amp;\">mid-first round here<\/a>.\u00a0 So while Cuddyer&#8217;s AAV is way below $15.3M, because he voluntarily signed the Mets contract he only screwed himself \ud83d\ude42<\/li>\n<li><strong>Francisco Liriano<\/strong> declined the QO and then re-signed with the same team (Pittsburgh).\u00a0 He got a 3yr deal for $39M.\u00a0 Most pundits would agree that nobody would have given Liriano a $15M\/yr longer term deal thanks to his age and injury history, so his taking lesser money AAV but for longer is a smart move for him.\u00a0 Perhaps the QO limited his market, forcing him to go back to Pittsburgh &#8230; or perhaps not.<\/li>\n<li><strong>David Robertson<\/strong> declined the QO but got a 4yr guaranteed deal for $46M &#8230; as a reliever.\u00a0 Which is fantastic, considering the volatility of the reliever position in general.\u00a0 So even though his AAV is far less than $15.3M, he made out big time with the amount of guaranteed money.<\/li>\n<\/ul>\n<p>San Diego gives up the best draft pick (13th overall) to get Shields&#8217; services for four years, but five teams altogether give up first round picks to sign players.\u00a0 Boston gives up its two second round picks to play Ramirez and Sandoval on the right side of their infield for the next four years.\u00a0 A number of very wealthy teams pick up supplemental first round picks (Dodgers, Yankees and Detroit), which (like all FA compensation) kind of seems to defeat the purpose of helping &#8220;poorer&#8221; teams off-set the loss of marquee players.<\/p>\n<p>Lastly, the order (and pools) for the <a href=\"http:\/\/m.mlb.com\/news\/article\/108860340\/the-order-is-set-for-the-2015-mlb-first-year-player-draft\">2015 draft<\/a> is now set.\u00a0\u00a0 A <a href=\"http:\/\/mlb.mlb.com\/mlb\/events\/draft\/y2015\/order.jsp\">better look is here<\/a>, showing all the picks gained and lost.\u00a0 Houston has the 2nd, 5th and 37th overall picks, 12 picks in the top 10 rounds and has an astounding $17M of bonus money to acquire players.\u00a0 Washington has just $4.1M to sign its first 10 picks, meaning we&#8217;re likely looking at another set of college seniors drafted in rounds 6-10.\u00a0 More on the draft later on.<\/p>\n<p>So, to answer the question of the day; are QOs working?\u00a0 This year they seemed to have worked; you can&#8217;t really argue that any player was negatively affected and teams that lost players got compensation picks.\u00a0 You can argue whether the right teams got these picks.<\/p>\n<p>Fyi; the spreadsheet with all this analysis is here: https:\/\/docs.google.com\/spreadsheets\/d\/1UEiZzwWarVP3PfCtZeYTVBqC49dmBut21O7UhB17htQ\/edit?usp=sharing<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last year we did a quick analysis of all the Qualifying Offer-receiving free agents to see if the system was &#8220;working.&#8221;\u00a0 (note; from here out I&#8217;ll use the abbreviation of QO for Qualifying Offer). Now that James Shields has signed, there remain no more free agents on the market who received a QO from their [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[2723,1024,1910,455,49,1568,1037,361,258,358,1047,2715,1014,1589],"class_list":["post-10255","post","type-post","status-publish","format-standard","hentry","category-nonnatsbaseball","tag-david-robertson","tag-ervin-santana","tag-francisco-liriano","tag-hanley-ramirez","tag-james-shields","tag-kendrys-morales","tag-max-scherzer","tag-melky-cabrera","tag-michael-cuddyer","tag-nelson-cruz","tag-pablo-sandoval","tag-russell-martin","tag-stephen-drew","tag-victor-martinez"],"_links":{"self":[{"href":"https:\/\/www.nationalsarmrace.com\/index.php?rest_route=\/wp\/v2\/posts\/10255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationalsarmrace.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationalsarmrace.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationalsarmrace.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationalsarmrace.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10255"}],"version-history":[{"count":6,"href":"https:\/\/www.nationalsarmrace.com\/index.php?rest_route=\/wp\/v2\/posts\/10255\/revisions"}],"predecessor-version":[{"id":10417,"href":"https:\/\/www.nationalsarmrace.com\/index.php?rest_route=\/wp\/v2\/posts\/10255\/revisions\/10417"}],"wp:attachment":[{"href":"https:\/\/www.nationalsarmrace.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationalsarmrace.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationalsarmrace.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}