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Friday, December 14, 2018

From a hospital bed in Las Vegas, Mariners GM Jerry Dipoto finalizes a trade for Edwin Encarnacion

LAS VEGAS — The legend of Trader Jerry has a new anecdote.

Jerry Dipoto, the Mariners general manager and the man of many trades and transactions, finalized a trade with the Cleveland Indians late Wednesday evening from a Las Vegas hospital bed with assistant general manager Justin Hollander standing in the room.


To conclude a three-team trade that included the Tampa Bay Rays, Dipoto sent recently acquired first baseman/designated hitter Carlos Santana back to the Indians in exchange for designated hitter Edwin Encarnacion and a competitive balance round B choice in the 2019 draft to Seattle. That selection is No. 77 overall in the draft. Sources confirmed the Mariners also received $5 million in cash from the Indians and sent $6 million in cash to the Rays. That cash will be paid out over two years.

Making trades when you’re sick enough to be hospitalized- whatever could go wrong?

QLE Posted: December 14, 2018 at 03:58 AM | 8 comment(s) Login to Bookmark
  Tags: edwin encarnacion, hospital, jerry dipoto, trades

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   1. Walt Davis Posted: December 14, 2018 at 04:42 PM (#5797967)
An odd deal.

So the Ms swap two years of Santana for one year of EE ... and the Indians send them money? The Ms then send that money and a $1 M bonus to TB -- why didn't the Indians just send that money direct to TB? Seattle doesn't seem to have received anything from TB and TB doesn't seem to have received anything but money from Seattle, money that mostly came from the Indians. TB receives two cheap players ... and $6 M. The Indians pick up Santana and Bauers -- both 1Bs. (I know, one can now DH, it's still odd to see two in one deal.)

So it's two separate trades really -- Santana for EE and a competitive balance pick between Sea and Cle; Diaz, a pitcher and $5 M from Cle to the Rays for Bauers. I'm guessing it's a 3-way trade just to make it less obvious that the Indians just bought a prospect. (not rookie eligible though.)

Or it's mis-reported or I mis-read and either the money flow is different or the pitcher came out of Seattle.
   2. base ball chick Posted: December 14, 2018 at 11:39 PM (#5798045)
looks like the tribe is dumping good (expensive) players - bet kluber really IS next, and are planning their down period of deliberate suckage and increased $$$ for the owners
   3. snapper (history's 42nd greatest monster) Posted: December 15, 2018 at 12:23 PM (#5798095)
looks like the tribe is dumping good (expensive) players -

I'm not sure about that. They don't really save money on this deal. I think they just prefer Santana to Encarnacion. likely because he can play a decent 1B, and EE is a butcher.
   4. PreservedFish Posted: December 15, 2018 at 01:00 PM (#5798102)
Diaz, a pitcher and $5 M from Cle to the Rays for Bauers. I'm guessing it's a 3-way trade just to make it less obvious that the Indians just bought a prospect.


It looks like the opposite - the Rays bought a non-prospect. $5M and Bauers for Diaz.
   5. snapper (history's 42nd greatest monster) Posted: December 15, 2018 at 01:21 PM (#5798105)
It looks like the opposite - the Rays bought a non-prospect. $5M and Bauers for Diaz.

See here, for a breakdown.

https://www.fangraphs.com/blogs/winter-meetings-end-with-a-three-way-trade-from-the-hospital/

The Indians net $6M. The Mariners basically break even.

You can effectively break the trade in two.

1) CLE sends Encarnacion, and the No. 77 pick, to SEA for Carlos Santana, and $1M.
2) CLE sends Yandy Diaz, and Cole Sluser to the Rays for Jake Bauers, and $5M.

Looks like CLE picked the Rays pocket. The other trade looks fair.
   6. PreservedFish Posted: December 15, 2018 at 02:08 PM (#5798113)
I'm a big Yandy fan, but the CLE-TB side of the trade is just bizarre. Assuming that Sluser isn't worth all that much, the Rays made a superficially terrible trade (AAAA type Yandy for Top 50 prospect Bauers) and paid $5M to get it done.

Yandy is much more interesting than your average AAAA 27-year old type, but the values here just don't make sense. I can believe the Rays falling in love with Yandy, but this must be seen as an outrageous overpay, right?
   7. Walt Davis Posted: December 15, 2018 at 04:23 PM (#5798130)
Sorry but the fangraphs breakdown makes even less sense. They have the Ms getting $5 and losing $6 (like the excerpt) but their write-up says they end up with the Rays $5 M. They also show the Indians getting $6 M but not sending any money out. The only way the fangraphs breakdown works is if the Rays sent $5 M to the Ms for nothing who then sent $6 M to the Indians.

Amazingly yet consistently, Cots already has the breakdown. It's about timing. Ms pay Indians $2 M this year and $4 M next year (oddly on May 1 and Aug 1 both times ... maybe the Aug 1 payout doens't occur if he's been traded?). Per Cots the Ms money is coming direct from TB, $2.5 M intallments for this year due on May 1 and Aug 1. So Ms get $3 M salary relief on EE this year, pay out $4 M next year. Indians get $2M relief on Santana this year, $4 M next year. That brings EE down to $24 M this year, Santana $15 this year, $17 next.**

BBC -- EE is not particularly good anymore and Santana is owed more money so as Snapper says, they'd rather have Santana for two years than one year of EE.

Snapper -- historically EE was just fine at 1B. Nearly half his time in Tor was at 1B, down to 20-25 games a year for the Indians. In about 3 full seasons, TZ and Rfield put him at about -6 per but both also put most of that bad defense back in 2013. UZR puts him at -4/150.

** some further confusion. Santana was 3/$60 and some reports have the Indians on the hook for $40. But Cots reports the original contract as $60 total with a $10 M signing bonus and says nothing about the bonus being paid out over time. Did the Phils really just pay $25 M for one year of Santana? If that's all correct (I have my doubts), the Indians turned Encarnacion for 1/$27 into Santana for 2/$29 which seems like a good swap. The Ms turn the $35 they owed Santana into $28 ($24 to Santana, $4 to the Indians) plus they get the late pick. Why the Rays thought any of this was a good idea remains a mystery.
   8. snapper (history's 42nd greatest monster) Posted: December 15, 2018 at 05:53 PM (#5798138)
Snapper -- historically EE was just fine at 1B.

I must still have psychological scars from his time at 3B :-)

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