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Friday, December 23, 2022
Boras wins again! The Giants appear to have landed one of the final marquee free agents of the Hot Stove season, agreeing to a two-year, $36 million deal with outfielder Michael Conforto, a source told MLB.com insider Mark Feinsand. Bob Nightengale of USA Today was first to report the agreement, which has an opt-out after the first year. The team has not confirmed.
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1. Mefisto Posted: December 23, 2022 at 10:48 AM (#6110684)1. Conforto produces say $24 M, leaves, Giants come out on top by $6 but lose a good player.
2. Conforto produces around $18, probably leaves cuz he can at least get 3/$50 somewhere, Giants break even.
3. Conforto produces around $12, stays, Giants get $24 for $36, losing $12
4. Conforto flops, Giants out $20-36 M
That requires that the odds of him being a $24 M player are much, much higher than the chances of being a $12 M player or worse. If that's the case, either offer him a bigger 1-year deal or wrap him up longer-term. It's an anti-Goldilocks position where the Giants have somehow combined the worst aspects of bed #1 and the worst of bed #3. (I know, Goldilocks is a subversive Marxist tale trying to teach us the dialectic but the Giants have somehow chosen an anti-synthesis.)
** if you think he's a solid gamble for 2/$36 then why not sign him for 3-5 years?
Because $36M is less than $70M or whatever they'd have to pay? If he sucks or isn't healthy, $36M isn't much to eat. Seems like a wise gamble if you're a team that wants to win now and has resources.
They've also run out of options. Having missed out on Judge and Correa, if they don't get Conforto, the next best hitting free agent is...Trey Mancini? Jurickson Profar?
4/65-70 is a lower luxury tax hit, and $17M a year is really nothing for a team like the Giants to eat. If you can afford a $275M payroll, it's not a factor affecting any decisions.
Then don't guarantee him $36.
I don't think Conforto takes a 5-year deal at this kind of rate. He wants to re-establish himself, and hopefully get a monster deal next offseason
Sure, then the Giants limit their exposure by signing him for 1/$21. Instead they risk $15 M in order to save $3?
FTFY :-)
By definition, 1/$18 with a $18 player option is worse for the team than 2/$36. By definition, 1/$18 with a $18 player option is worse for the team than 1/$18 with no option.
And even $24 is less than $36. If he's good, you don't get the second year any way. Presumably the Giants did this only because (they perceived) another team was already offering 1/$18 or maybe more. How much higher do the Giants need to go on a 1-year deal to get him? We'll never know but 1/$21? 1/$24? Call that other total A.
Those are still better than 1/$18 with a $18 player option. Or at least they probably are. If he does well, he's gone either way but, yes, the Giants are better off because they've come out A-18 better off. But if he flops, they've come out 36-A worse off. You bet $15 to make $3; bet $12 to make $6?
For that to make sense then either A is pretty darn high or you are very confident he is a better player than the 2.5 WAR you've paid for. If you're that confident he's a 2.5+ WAR player then you should be considering a 3-5 year deal because he'll probably be just as good for ages 31-32 and maybe 33. If you're already on the hook for 36 for a small upside, a bigger gamble also brings with it a bigger payoff if you're right. He might not take the deal of course which just gets you back 1/$A or 2/$36 with no option.
Then he turns back around and gets what appears to be an inflated deal for Conforto from the Giants, with whom things could easily have turned acrimonious.
People will always dislike Boras for his bluster and/or for how he more that anyone on the players’ side drives salaries upward, but in that regard he’s like a manager taking the heat for his players in a post-game press conference. Fun to watch someone doing their job so well.
Don't count your chickens yet. Mets don't like the medicals either.
I’m not a great math guy, but my understanding is that $36MM is roughly half of $70MM.
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