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— A Timely Look at Transactions as They Happen
Saturday, December 19, 2009
Phillies - Acquired Halladay
Philadelphia Phillies - Acquired P Roy Halladay from the Toronto Blue Jays for P Kyle Drabek, OF Michael Taylor, and C Travis D’Arnaud.
As big as the whole Halladay schmozz was, it wasn’t really a multi-team trade, but several traditional trades happening at the same time. That makes it a litlte easier to tackle these one at a time.
It’s hard to complain about getting Roy Halladay. They Phillies did trade some excellent prospects here, with Taylor ready to be a contributor now, but they do get some certainty and a very reasonable contract with Halladay and didn’t have to give up Dom Brown. Lee did very well with the Phillies, but I rather have Halladay and I much rather have Halladay when given the contract considerations involved. With the Jays kicking in $6 million for some strange reason and the Phils signing Halladay to a 3-year, $60 million extension, the latter has essentially given Halladay a 4-year, $69 million contract, extremely reasonable in length and amount for the price of having a lower group of prospects. There’s simply no way Cliff Lee would sign a 4-year, $69 million contract and given the attrition rate of pitchers, the length of a contract is very difficult to underestimate as an important factor in how good a contract is.
Halladay has a vesting option for a $20 million option for the 2014 season. The innings pitched required are fairly high and if he earns in, he’ll be easily worth it. I can think of scenarios in which Halladay will be a poor pitcher in 2013 (something you have to consider for every pitcher 4 years down the road), but none in which he’ll be a poor pitcher in 225 innings.
So, how did the Blue Jays do? Not great, but decently. They make this trade slightly worse by trading Taylor (which I will get to in the next entry), but given some of the rumors flying around with J.A. Happ being a key piece of the deal, Jays fans can be slightly relieved. The team’s going to be pretty lousy, but Drabek bounced back from surgery very well and D’Arnaud, still very far away, at least gives the Jays a decent catching prospect which they need.
Overall, on this portion of the blockbuster, the Phils do very well and the Jays do somewhere in the middle.
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