The Big Question: Lowell--How much for how long?
So… the offseason is upon us and there’s no point in wasting time. What do you think Mike Lowell is worth? What do you think he will cost? Would you lock him up before he hits free agency?
If the Red Sox left it up to me (and I haven’t heard that they are going to), I’d sign Lowell before free agency. Remember, there’s another team in our division that desperately needs a starting 3B. It might feel good to go out and get ARod and feel like you took him away from the Yankees, but it would be a hollow victory. All appearances point to ARod being gone from the Yankees. If the Red Sox don’t get him, he’s headed to the Angels or Dodgers or Tigers, etc, so you’re not really stealing him from New York.
Lowell, on the other hand, is available to the Yankees. Signing Lowell adds value to the Red Sox while keeping it from the Yankees. The question becomes what you’re willing to pay for Lowell. And that’s a tough one. Lowell had WARP1s of 6.3 and 7.0 in the past two years, which according to MORP, would be worth $19M to $22M each year. But that’s including FRAA of 11 and 19, when his real fielding value vs. was probably 0 and 10. So if we take away 20 runs, or two wins, we’re looking at WARPS of 5.3 and 6.0, or $15M to $18M a year. (all this is very quick and dirty)
Going forward, age is going to knock that down a bit, but inflation will knock it back up a tad. I’d feel reasonably good about paying him an average salary in the $12M+ range for 3 years. He’ll likely be able to get 4 from the Yanks and I might just go that far to keep him in Boston and out of NY. First offer is 3/36. Go to 4/50ish at the top end.
Lowell’s really blossomed as a hitter with the Red Sox. He’s far more willing to go the other way than he was when he arrived. I hope he stays.
Darren
Posted: October 30, 2007 at 07:25 PM |
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It'd be nice to know what the Sox think of his defense and Lowrie's place in the organization as either a guy who can slide to 3B or someone who is absolutely needed at SS for when they dump Lugo.
I like the 14-15 per year talked above.
I'd like to see not too many changes to the team from last year because we can actually improve on our win/loss record from last year.
EDIT - the Gold Dust twins both want him back as well.
You may be right; perhaps Betemit cannot do a decent job. However, I think Cashman sees it differently, as I have mentioned in other Rodriguez threads. Lowell's 2007 home/road splits are something other teams should be aware of and undoubtedly are.
If he wants more, then best wishes to him wherever he goes.
In total agreement, I'd offer 4/60. I think NY will go 5/80 and it'll be up to Lowell. Like Pedro and Damon, we've offered fair dollars and terms in the past, its always the extra year the players seem to go for. In saying that, Lowell seems to be of a different character and will consider many other things besides just cash. I think if our offer is close, he'll stay. I'd love to sign him before FA, but if he's smart, he'll wait and try to get an extra mil or two per after FA.
Well that seals it.
I'm hoping for the 3 years with an option for a fourth, but I'd cave on the option if it came to that. I'd really like to see him back.
Edit to add: Nice job entering the offseason firing with the perfect topic for ST, Darren.
if he's not in the report: 2 years, + 1 mutual option year, + 1 team option year. i like 4/55, escalating salary, starting at 13MM.
Who's going to play third base next year then? Or first base if Youkilis moves to 3rd? The FA market is A-Rod, Lowell and scrubs. It'd be nice to trade Crisp for a corner infielder but who'd want him when there are so many FA CF's around.
Pedro Feliz! Or that lovable rascal, Miguel Cabrera, soon to take the place of Manny Ramirez in fans' hearts.
Aaron Boone is also available. Stick it to the Yankees by snapping up the third baseman who was a Yankees playoff hero!
Feliz is going to look funny in pinstripes next year.
Who do you want playing 3B next year?
If it's a FA, how much do you think the Sox should pay him?
If it's a trade target, what do you think the Sox should offer?
Saying Lowell isn't worth the money he will likely cost is fine, and very likely right, but I am curious to hear plan B.
If he wants more, then best wishes to him wherever he goes.
I'd have to agree with this. There's no way in God's Green Earth I give him a 4th year.
matt clement and david wells?
Is A-rod really twice as good? I don't think so. I'd rather have Lowell, then try to pick up Kazmir, Santana or Bedard when they come available. IMO a starter who gives you 23-25 quality starts is worth more then any position player anyway.
Plan A- Lowrie to 3rd
Plan B- Youkilis to 3rd and Moss to 1st
Keep in mind though, I'm more apt to cut the Sox some slack the year after winning a championship. They get a complete pass from me next year; I'd rather they just take the picks and re-infuse the farm system like they did in 2004. I'm not saying they have to take a complete mulligan, but I think we can compete without Lowell and Schilling next year, and the picks are just gravy.
Much respect and affection for Mike Lowell but I had respect and affection for Billy Mueller too. I don't want to go even quite to Tek money for him: I'd go 3/30 with some sort of vesting option for a fourth year. And he'll be offered a lot more than that.
I see this team making another Hanley/Beckett/Lowell type of trade, where we give up something like a Buchholz and Delcarmen and get back something like an Oswalt and Lidge. I'm not sure I agree with that approach, but I do expect to see that sort of approach.
Plan B- Youkilis to 3rd and Moss to 1st
What about a platoon? Against LHP, Lowrie/Youk, Against RHP, Youk/Moss.
Also, Chris Carter may be an option, but apparently he makes Jack Cust look like a Gold Glover.
I threw out a Jeff Kent for short-term 3B idea somewhere, but I got reamed for it. The condition was that we give up virtually very little for him and that he keeps his mouth shut, but I still got reamed.
Just in general I dig Kent. He's not coming, but if he did he'd go to 1B and Youk would slide to 3B.
I think if there was a clubhousse that could shut Jeff Kent up, it would be this one. If he kept his mouth shut and stayed out of the way, it wouldn't really matter. And if he said somethign dumb, Ortiz would punch him.
Edit: for this idea i was called a "WEEI Calling idiot"
I also want to point out that Boston already has a viable 3B solution in Youkilis, and 1B is ostensibly an easier position to fill. Mind you, I'd like to have Lowell back; but I'm not worried if he doesn't come back. I don't want him in NY, but he's a downgrade for them, and Boston could actually improve without Lowell and without picking up A-Rod.
Did I already mention I'd like Lowell back?
EDIT: OK, that was a lot of Youk-to-3B suggestions while I was typing. So much for original thought...
Could Manny handle 1B?
That in an of itself would be worth signing Kent for. Could we give Papi a performance clause that pays him $500K each time he punches Kent?
No. Do you want to see Manny in a rundown?
I can understand going cheap for a year with the idea that the Sox are still competitive and can beef up the farm system a year after winning the WS. That did seem to be the MO after 2004.
I can't understand going cheap on Lowell and then turning around and trading Buchholz for Oswalt, say. Especially after bring Buchholz along so carefully.
I think, given Epstein's comments, the Sox are going all-out to sign Lowell, a la Varitek. A lot of people here will think he got overpaid. They may even be right. (Though Varitek's contract has worked out okay so far. He was very good in 2005, and decent this year. If he's pretty good next year, that will be three out of the four years, which seems like a good deal. Plus, maybe they don't win the WS without him this year.)
LA isn't firing Little only to hire Joe Torre just to blow up the team. Kent isn't going anywhere.
(As an aside, I don't see any reason to suspect the Sox are a clubhouse that could keep him quiet, they couldn't keep Jay Payton quiet. And he's not a famously big-mouthed fellow like Kent is.)
EDIT: To add I don't think any clubhouse can keep Kent quiet
I got the blow-up idea by reading, I don't know, every BBTF Dodger thread.
Ensberg is intriguing, although there's a significant risk he'll be terrible. What's his contract status? Is he a FA?
Agreed.
He could platoon with Lowrie, who could also serve as the back-up MI.
Morgan ensberg can't play a middle IF position.
I meant Lowrie would be a supersub, replacing Cora. If Ensberg winds up being terrible, Lowrie might not be a bad plan B. I admit this plan is probably a little too risky.
The Padres already have a good young 3B in Kouzmanoff. They picked Ensberg up off waivers I think, and I believe he has one more arb year left. The Padres may very well have plans for him, but he seems like a guy worth taking a chance on - if he could be gotten cheaply, of course.
Sign Lowell. He's wicked great. He's beloved, and for the all the right reasons - good player, smart on the field, good citizen, and he's very attractive. 4/55 should do it, and I'd have no problem with that. Obviously 3/40ish would be better, but that sounds pretty unlikely to me.
Temple brings up Lowrie, who, well, I dunno. His straight stat projection is surely terrible, since his 2006 translates to, basically, me. So if the Sox like him a lot, a lot, then maybe he gets a shot. But he's been pretty terrible in the AFL, and he's never played 3B before. I don't see much reason to think he's ready, or that he's ready at a new position. (Plus, he was supposed to be a kick-ass SS and take over for Lugo in August, right?)
Wow, what a Yankee fan thing to say.
Similar to the Varitek situation, we re-sign him not because we think he's going to be worth it in year 4, but because we have no other reasonable choice for year 1, and he's a decent bet for years 2-3. You get enough value from him in the first years to balance out the dead weight in the latter years.
You give him the 4th year because you have no other choice. You give him the 4th year because the alternative is one which seeks to maximize efficiency, rather than wins. We have to spend the money somewhere. There are no free agents out there worth pursuing. We have no upcoming free agents to lock up. There is nowhere else to spend the money, now or in the near future. The question is who gives us the best chance to win - and I don't see how that's anyone other than Lowell.
The only caveat is if Miguel Cabrera becomes available. Then you take your shot there.
Chris Carter, Lowrie, Ensberg, I'm sure there are plenty of potential 4C players (Branyan?) the Sox could grab for a platoon. I'm still holding out hope that the Sox sign Dunn to play 1B next year.
I'd miss Lowell's slides, though. Lowell sliding into home is a thing of beauty.
The added bonus of not having to hit against him.
Ensberg has a terminal case of teh suck. Kent would be nice for a year but I can't see LA letting him go.
I should have mentioned the other options out there. There's Cabrera of course, and the Red Sox likely have a pretty good idea about whether he's available already. If he is, then yeah, Lowell can walk if we get him. There seems to be a bit of a logjam in the Dodgers infield, one from which they might be able to pluck LaRoche for a decent price. And there are a couple other options.
Fantasies of getting Lowell on a 2-year contract or getting him to accept arbitration are just that. Dreaming of a 3-year deal is acceptable. On the other end of the spectrum, this talk of 4/55 or 4/60 sounds too high to me, but I always seem to guess low. ARam, incidentally, got 5/75 and is much younger and a consistently better hitter (a bit worse with the glove).
It's not my MORP, it's BP's. And that's not a really good usage of it. The MORP calculator is calibrated for the market in 2007. Varitek was signed in the market after 2004. (He's still probably an okay deal.)
And as far as the negative PR from letting Lowell go and replacing him with ARod, I think this FO has shown repeatedly that they don't especially care about public outcry with their personnel moves. They were more than willing to let Pedro and Damon walk instead of signing them both in their decline years. These are two guys who were two of the most popular players at the time, and had been popular for far longer than Lowell has been. Granted, the replacements for Pedro didn't work out, and CF has been a mixed bag too, but this is a chance at signing a legitimate superstar, and certainly a contract the Red Sox can afford. I'm not going to say I expect them to sign ARod, but I think most people are far too quick to rule it out.
GET HITOKI IWASE DAMMIT
I'd prefer a Steady Diet of Clay & Delcarmen as well...
One of these is not like the others.
I laughed.
Now I will go read the thread and probably change my mind.
However, this is the internet, so I say trade Coco and some B prospects for Tejada!
Where's levski offering Chad Tracy for Buchholz?
Better? Probably not. As good as? Very good chance. A 3.14 ERA in the NL Central isn't as impressive as it might appear to be. I also think Oswalt would translate particularly poorly to the AL.
Every extra day that the Red Sox have to look for third baseman (or first baseman, or DH, or LF) makes it more likely that they will find a replacement for Lowell that costs NOTHING on the "maximizing wins" side of the equasion, and in fact allows them to win more games. Mike Lowell is a nice guy, I love him for his contributions this season and postseason, but he is by no means an irreplaceable part for next season, much less subsequent seasons. What I've read here makes me feel a little less bad about the idea of signing Lowell, but I still think it's the wrong solution to the problem, and may indicate that we're not even asking the right question, let alone getting the right answer.
I'm not necessarily with you on that -- the Red Sox have the resources to be competitive all the time, and anything less would be dereliction of duty unless it set up a real dynasty -- but I think they can be competitive without Lowell next year, and are more likely to be competitive without him thereafter.
lol
The problem is that Lowell by the 3rd year is probably a below average starter. Do you really want to be stuck paying a lot of money for a bad fielding 3B putting up a 730 OPS?
You're right that the talent pool is finite, but the Sox are in a unique position because everyone in baseball wants to trade for Manny if the price is right. There's also a bunch of Japanese players this year who look like they could be good values.
I also don't really get why people are bringing up Varitek. Isolating one data point of an extension that worked out well doesn't really tell us anything about whether or not resigning Lowell is a good idea.
As far as the freed up cash, I'd rather see it go to a 1 year deal for Schilling, and a bona-fide 2nd guy in the pen (someone to be what Gagné was supposed to be this year).
Gordon Edes says the Sox are talking to Hiroki Kuroda: http://www.japanesebaseball.com/players/player.jsp?PlayerID=986
Just from eyeballing his stats he looks like he's about halfway between the Daisuke/Schilling group and the Lester/Wake/Tavarez group in our rotation
True, but Lowell did have an .878 OPS at Yankee Stadium this year.
Lowell's coming off a great year capped by a World Series MVP performance. At his age, he must realize this is his last shot at another big contract. He probably hasn't forgotten that the Red Sox were pretty eager to trade him to Colorado for Helton. He may enjoy playing for the Red Sox, but I wouldn't expect him to leave millions on the table for the privilege. If Boston values him significantly less than the market, he's gone.
The Varitek example isn't merely a situation where an extension worked out - it's a situation where there we no plausible alternatives. That's where I disagree from 70 - there are no plausible alternatives here.
You're looking for a good value - I'm looking for a good player. What player gives the Red Sox the best chance to win in 2008? What's the purpose of value if it doesn't lead anywhere? Lets say you save some money on a Lowell replacement? Where is that money going to be spent that we can't otherwise afford to spend it?
I just don't think that's true. Several have already been thrown out there, if you ask me.
What player gives the Red Sox the best chance to win in 2008?
But that's not all that's at issue here. You have to worry about whether the guy that gives the Sox the best chance to win in 2008 decreases their chances of winning in 2009, 2010, and 2011. Mike Lowell almost certainly does. Looking at just next year is a way to turn into the New Model Yankees, rather than the older, more successful version.
We can use the money from the guy who started game 2 of the World Series to re-sign Schilling if we want.
Who is the 2nd guy in the pen you want? I hear that Eric Gagne is available...
I guess we have different definitions of plausible. Jeff Kent? Morgan Ensberg? Really?
Are you kidding? How hard is it to find a decent corner IF? Someone just mentioned Dan Johnson. Dan Johnson plus an Olmedo Saeanz type is probably like a 1.5 win downgrade for 2008. The Lowell compensation picks will likely be worth more than what we give up for Johnson. Buy an extra reliever for 2008 with the money saved and the team isn't any worse in the short term and is in a significantly better position goign forward.
You can also get creative with crazy trade ideas too
Kevin Youkilis.
Remember that what we need, really, is a 1B or a 3B. That flexibility makes this a much less difficult problem to solve. And beyond that, I think the playoffs are available next year at 90 wins. I don't love the Wild Card, but there it is. We could play somebody who was replacement level and win 90 games next season. There's no need to bestride the Earth in total dominance every year, especially if doing so next year makes it more difficult to do so in subsequent ones.
This is connected to the aging issues for a lot of players - while players do decline, they tend to decline in value at a pretty similar rate as salaries increase in baseball. I think it was MGL who found this originally, but salary inflation tends to keep pace pretty well with player decline. They both happen at around 11% annually. It's a nice little symmetry which keeps a lot of so called albatross contracts manageable.
I intend no snark with this at all: Why does it make you think that? I'm not seeing the connection, but if there is a plausible case to be made for one, I'd like to hear it.
That is a nice little symmetry, but the fact is, as other people said, we're trying to maximize wins, not efficiency. I don't think Lowell does anything like that beyond 2008.
What are you going to spend the money on again? We can re-sign Schilling without dropping Lowell. Which players specifically do you want to target?
There is a shortage of a good (quality talent) available to purchase. A shortage is generally symptomatic of prices being too low.
My guess is that Lowell maximizes wins for 2008, is probably on par for 2009 with anything else we can find, and is a poor bet for 2010-2011. I'm willing to eat those last two years in exchange for 2008, given that we have cash to spend, and I don't see anywhere else to spend it.
Well, I'd bet against either of those players ever seeing free agency, but even if they do, we can afford them regardless, with Manny's contract coming off the books by the time they're available. If there was good reason to think Lowell would keep us from having a good shot at these two, I'd be a lot more inclined to bite the bullet and go with Morgan Ensberg or some other scraphead solution.
I don't think that that's the case however.
Kerry Wood
Scott Linebrink
David Riske
If Wood's physical checks out, he could be an amazing 8th inning guy. And he could pitch the 9th on days Papelbon isn't available. Would seem to be a generally good fit, as long as he is healthy. The Red Sox system they described in the article on Papelbon would probably help keep him healthy too, perhaps.
From a purely on field perspective, I think this is probably the correct move. There are outside factors which prevent this however.
If A-Rod didn't have lots of baggage, much of it Red Sox specific, I'd bid Lowell farewell, bid Schilling farewell, and use their money, along with Clement's, to make a play at A-Rod.
I agree and think also now that the Red Sox won the World Series, that they don't really need to make a play at A Rod.
In saying that, I wouldn't complain if they landed the ########.
But with such a limited supply of quality talent, I don't think that really works. In a market in which supply can be made broadly available if the price is right, this theory makes sense. But in a market in which there are really a grand total of maybe 900 legitimate specimens of the product, and maybe more like 50-60 high quality products for half as many buyers, it might just mean they're under contract already. The market for major league baseball players has been extremely volatile the last decade or so, rocketing up, creaking back down, and rocketing back up again. I don't really believe that prices are going to start going down, or stop going up quickly, either, but the answer to that question must be much more complicated than a Microeconomics 101 maxim.
Have teams been buying low the last few seasons, thus tying up those players for this season? Maybe. But it wasn't that long ago that the market for players was ebbing, and a certain number of good players were purchased at low prices then. With the supply so limited to begin with, I think that has an effect.
The implication here seems to be that you're better at projecting performance than ZIPS, which isn't true.
Just eyeballing baseball reference, Lowell's 3-2-1 weighted OPS+ is 109 and he's gonna be 34 next year. Johnson is trickier because his playing time is less even and he's crushed in the minors some, but he's probably at about 105, and he'll be 28. I don't really see why it's so hard to believe that there's not a big difference between the two going forward?
If the two choices are signing Lowell and going through the rummage bin, then maybe
2008: Lowell +1.5 wins
2009: Lowell +.5
2010: bin +.5
2011: bin +1.5
and that's before accounting for the massive $ difference
So if you're in essence signing the rummage bin to a 3 year deal, you don't project Dan Johnson's VORP for 3 years. If Johnson falls apart, you ditch him and find the next Dan Johnson. If Lowell falls apart you stick with him or pay another team a bunch of money to take his contract.
I'm sure that (Dan Johnson's projections - his collapse years) > (Mike Lowell's projections)
Of course, there's a transaction cost to finding the next Johnson and you have to play Johnson in the majors in his collapse years to find out he's toast, but the effect is still there.
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