Friday, May 25, 2007

Gotta Spend Money To Make Money

John Kruk, you've made a successful second career yelling at Peter Gammons on Baseball Tonight. So we ask you this: what's wrong with the Phillies' personnel philosophy?
Honestly, I think they baby their minor-league players too much. They keep them in the minors so long that when they fail, it’s in the big leagues. I don’t think they’re going to change until they get new ownership. They’re good people, but how do you convince people of their age that we need to spend $100 million on a guy? If I had the money these owners have, I’d have trouble with it myself.
Whoa, Krukker. That's a complex answer. Let's take this step by step.

(1) How does somebody stay in the minors too long without failing at some point? Of course you're going to get more Gavin Floyds than Cole Hamels...es. It's the law of averages.

Isn't the best way to see if a guy's going to succeed in the majors is to actually get him some major league experience? Unless there's some sort of Tron-like survival simulation that can trap a prospect inside an XBox until he can hit the breaking ball with consistency, you're going to have to call him up sometime and evaluate his adjustment and personal growth. Maybe I'm just old-fashioned that way.

And I think the patient approach worked just fine for Rolen, Rollins, Utley, Howard, Hamels, et al. An organization's reluctance to leverage the long-term success of its prospects against a short-term exploitation of the hype and publicity gained by rushing every single one of its blue chippers into the bigs (I'm looking at you, Kansas City) should be applauded, not criticized.

(2) You've got a point about the owners. Their nearly-invisible public image sends the wrong message to a fanbase desperate to win and historically intolerant of people who seem to lack even a modicum of "passion" for the organization. They seem to emerge once every couple years to make another ineffectual front office change--the kind of decisions that move the team no farther forward or backward.

And why should they? Bill Giles and David Montgomery purchased the Phillies in 1981 for $30 million. According to Forbes, that investment is now worth a cool $457 million. That's a lot of Dollar Dogs. However....

(3)....that doesn't mean they haven't been willing to spend for on-field personnel. It's a matter of spending money on the right players than any old free agent with a little experience and misleading stats. This winter's free-agent pitcher bonanza was a perfect example of owners running wild. A few of these questionable decisions are working out at the moment (Ted Lilly, Jason Marquis), but I'm willing to bet a lot of GMs would like a mulligan on their ill-advised signings (Barry Zito, Gil Meche, Vicente Padilla, Miguel Batista, Jeff Weaver...it's a long list).

And who says the Phillies aren't spending money? Their current payroll is almost $90 million and has more than doubled since 2001. In baseball's currently rosy financial state that's still only the 14th highest in the majors, which is why it might appear that Giles and Montgomery aren't spending enough.

Still, it's about quality, not quantity. There are no $100 million Phillies, but let's just say there are plenty of guys who are feeding their families pretty damn well. A quick look at some of those recent fat free agent acquisitions (and one recent trade acquisition) that are supposed to turn a team into a contender:

- Freddy Garcia, owed $10 million in 2007: this looks worse with each successive 5-inning outing for "the Chief," the highest-paid pitcher on the Phillies roster. In an 8-year career, he's posted a sub-3.80 ERA only once. Once a premier strikeout guy, his velocity has been declining and he seems more susceptible to injuries. Looks like an early bust for a guy that was brought in to be a potential staff ace--at least he'll be a free agent at the end of the year.

- Tom Gordon, owed $7 million in 2007: only in Philadelphia does a 38-year-old relief pitcher receive a three-year contract with a club option for a fourth. He turned in an All-Star season in his first year as a Phillie, but it's very likely that he only had one good year left in the tank. Injured and ineffective this season, plus the presence of Brett Myers in the bullpen renders him obsolete as a closer even though he's still pulling in a mega-closer's salary. A dubious contract for a guy who had only saved more than 30 games once in a season before 2006.

- Jamie Moyer, owed $6.5 million in 2007: you have to love the fact that the 44-year-old Moyer has pitched 21 more innings than the 30-year-old Garcia (though he has missed at least one start due to injury). The grizzled junkballing clubhouse "leader" thing screams Major League, but he rocked for the Phillies after being acquired from Seattle last August. Even so, most of his second-half numbers saw a significant overall decline last season. Not surprisingly, a lot of his 2008 contract is based on statistical incentives accrued this season and the next--not a bad insurance policy for what has been one of the team's more pleasant surprises.

- Wes Helms, owed $2.05-2.3 million in 2007; another acquisition who is not living up to expectations, Helms was supposed to be the starting third baseman and has promptly played himself out of a starting job. A .321 slugging percentage and zero home runs just won't cut it from a generally "offensive" position. On the plus side, he's been a real team player. It's just a shame he's usually "helping" his team from the bench. Barring a miracle, I can't see the club picking up his third-year option in 2009.

- Adam Eaton, owed approx. $7 million in 2007; though he's never had an ERA under 4.00 in any season, he's not a bad pitcher by any measure. Of course, it helps when his offense averages 5.5 runs/game when he starts. The problem here is that he's getting #2 money when he's a solid #3 at best...and, technically, right now he's either the #4 or 5. This winter's inflated free agent salaries are partially to blame but he may have already hit his career stride in San Diego.

- Rod Barajas, owed $2.5 million in 2007; a textbook example of pre-season panic, as the Phils believed they so desperately needed a veteran presence in front of rookie Carlos Ruiz (doing the exact opposite, in fact, of what Kruk accuses and trying to protect the kid from failing right away). There's no need to go into the details of why this was a mistake, so let's take the time to appreciate the irony of his contract's incentive clauses for an MVP award ($100,000) and a Gold Glove ($50,000). Hmm...pick up the $5 million in 2008 or buy him out for a mere $500,000? Well, Chris Coste requested to be sent to Reading (AA) instead of Ottawa (AAA) so he could get some starts at catcher. You can connect the dots there.

And let's not forget they still owe Jim Thome something in the neighborhood of $7 million for this season alone.

See, there's no reluctance to spend money in the Phillies boardroom. It's just not being spent right when almost $35 million--40 percent of the entire payroll--is devoted to players that are either significant risks or falling far short of expectations.

There are still plenty of good contracts: a lot of the homegrown players (which makes the backloaded ones easier to swallow), Jon Lieber, Aaron Rowand, etc. The problem is that the Phillies, contrary to the Krukker's observations, may be spending too much for too little and forcing the team into a situation when they have to field inferior players instead of lower-priced alternatives (i.e. Greg Dobbs, Abe Nunez) or those bright-eyed prospects that are supposedly coddled so much. It's simply a financial logjam. Keeping up with the Joneses (or New Yorks or Los Angeleses) is just not a viable option.

Cot's Baseball Contracts [an invaluable resource for excellent contract information I could not find anywhere else]
Interview With John Kruk [Philadelphia Magazine]

3 comments:

Mick said...

those "questionable decisions" have more than worked out, and hardly for the moment. lilly and marquis both have a maddux-esque 1.02 WHIP, not to mention both falling in the top 30 in ERA. marquis ranks 4th in the majors in opponent's BA (.197), and lilly is 12th (.219), not to mention rich hill in between at a solid .204 (unrelated, i know, but i just like bragging about the pitching staff whenever i can).

and add to that the fact that marquis is giving a certain fatass a run for his money in the silver slugger award for the pitcher's position, and at least one of those two have more than proven their worth (and though slightly high-priced, i still feel that the deals both of them got are a bit of a steal considering what they've done for us).

"for the moment" seems a little (and here's thesaurus.com helping me) officious considering we're a good quarter of the way through the season. granted, a second-half meltdown is NOT impossible, nor is it uncommon, nor is it unlikely. but i stand by my initial proclamation of TED LILLY FOR NL CY YOUNG. chicago just works for some people. just not most.

Unknown said...

Ok, I may be a little miffed that I chose Zambrano for my fantasy team over Lilly, Marquis, and Hill. I didn't intend to trivialize the success of the Cubs' free agent signings with my language. I admit that Lilly and Marquis have both been fantastic.

I will, however, add a couple caveats:

- I'm also considering the length of contracts, as well as annual raises. Lilly may surely be a steal this year at $5 mil, but is he really going to be worth $12 mil three years from now? Marquis is signed up for one fewer year and less money, but the same theory applies (and he has an incentive for a Silver Slugger that he might actually get!). That's really where I think a lot of these deals could come back to haunt the GMs that made them.

- The Career Year might be rearing its ugly head. Lilly could indeed win a Cy Young this year. But Jack McDowell has one. So does David Cone. And Doug Drabek. Luck pays a factor in any season for any team, and I think the Cubs are really lucking out with two guys they essentially got as insurance against the Wood/Prior combat ward. Even if their stats fall off a bit, they will have exceeded expectations by quite a bit.

Just be happy they didn't get Zito. Or, for that matter, Adam Eaton.

Mick said...

i will never be happy that we didn't get zito. two of my favorite pitchers in one place? my favorite place? i don't care if we lose more games than the tigers in 2003. but the way marquis and lilly are thriving in chicago only tells me that they fit here, and that's more than i can say for some past big money acquisitions (and one strikeout happy outfielder that we're stuck with for 8 years).

the cubs are a rich team, so money isn't really an issue, but in terms of stock market value, there is the possibility that we might look a little foolish. but we're not sweatin it.