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1. DKDC Posted: October 24, 2008 at 09:02 PM (#2994199)OR TOLAXOR IS TALKING...
Will switches between field positions and pitching (and vice versa) become more common? Rick Ankiel and Carlos Marmol would be the poster children for attempting to save your career this way.
It is when it goes the other way that it is note-worthy.
Am I missing the sarcasm, or is there some issue with Loewen and the Orioles that I'm not aware of?
-Loewen holds out after being drafted and Orioles eventually cave in to his demands for a major league contract. He collects a $3.2MM bonus.
-Loewen doesn't progress as quickly as expected, but he runs out of options because of the major league contract. He is rushed to the majors.
-Loewen suffers repeated arm injuries and decides he doesn't want to go through another rehab.
-Orioles support Loewen's decision to try hitting, but they can't option him to the minors because of contract situation.
-Loewen agrees to be released and re-sign on a minor league contract to get around contract situation. This isn't legally binding because it would violate the CBA.
-Orioles send Loewen to instructional league in August. After the regular season ends, the Orioles send their major league hitting coach to the instructional league to work with him. The Orioles also reserve a spot in the Hawaiian Winter League for Loewen so he can get as many at-bats as possible.
-Loewen is released, per his gentleman's agreement with the Orioles, and he signs with Blue Jays shortly afterwards.
In that case, I can understand the bitterness.
Loewen was paid about $800,000 last year. The CBA says that the Orioles could not offer him a contract of less than 80% the previous value, which is 600k plus. This guaranteed amount also ensured that no team would claim him off waivers. Which means that post #9 is incorrect when it says "they can't option him to the minors because of contract situation." They could have easily. (Also the second bullet point is incorrect - Loewen was in an option year in 2006 when he was promoted).
The only reason the Orioles released him was in order to save money and to clear an additional space on the 40 man roster.
This is a slightly different story, even if the Orioles were being extremely encouraging and respectful otherwise. A $550k paycut isn't insignificant. The Blue Jays were his childhood team - I can't blame the guy for signing with them. At the least, I can't feel sorry for the Orioles. Exposing Loewen to other teams was the cost of the pay reduction.
That's correct, Loewen was definitely out of options, but the Orioles could have kept him on the 40-man and tried to pass him through waivers every spring.
I'm not sure if the Orioles considered Loewen enough of a hitting talent to do that, but when Loewen agreed to become a free agent and re-sign on a minor league deal, that made the decision easy for the Orioles. The Cardinals did exactly the same thing with Rick Ankiel.
My problem with Loewen is that he reneged on his side of the deal.
(EDIT) My "Constructing Financial Derivatives" professor would be mad at me if I didn't point out that yes, I do remember that "possible gain with no possible loss" is not technically an arbitrage opportunity.
Depends how the "deal" was presented to him. Was it "we would rather you keep on trying to pitch, even though your arm keeps exploding, but if you'd rather hit we'll let you - but you need some minor league experience. Agree to resign with us and we'll let you not pitch despite all the bonus money." Or was it "Your arm's obviously toast. We don't want to pay you a major league salary to learn to hit. Will you resign with us as a minor leaguer?" If the latter, then the Orioles weren't really offering him anything, and I don't blame him for looking around and taking an offer he prefers. If the former, then yes, he was ungrateful.
I tend to doubt that there was any realistic chance of him both staying healthy and effective as a pitcher, so I would doubt that most teams would really rather he kept trying to pitch with a major league salary. The O's of course might have disagreed.
But will that coffee cure thurst?
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