Not sellers, evidently.
Not sellers, evidently.
In essence, AA is gambling that Encarnacion has shifted up to a new level, to the all-star level that Bautista and others have argued that EE has achieved this year. Or, if not all-star, at least up to a calibre that won't fall below the .800 OPS level that would minimally justify this contract.
Anthopoulos took a similar (though more costly) gamble with the Bautista contract last year. He has already been proven right on that one. It will be interesting to see if he's right on this one. It's only been a half-season of all-star performance from Encarnacion, and many people would have preferred AA to wait until the off-season to be more certain about him. Anthopoulos decided to take a gamble now. It's gutsy, again.
But they could still conceivably move players like Escobar, Johnson, Davis, or Oliver, who could plausibly be replaced from within or free agency.
I don't think this indicates anything about this season (in terms of 'buying' and 'selling'). I think it indicates that the Jays want EE beyond this season.
AA is gambling that Encarnacion has shifted up to a new level, to the all-star level that Bautista and others have argued that EE has achieved this year
$9MM is about the going rate for an average position player. An All-Star, or near All-Star level, would be gravy.
I think this looks like a good contract that could work out to be an excellent contract.
EE has had just 2 seasons sub-100 for OPS+, in both cases sub-400 PA (2005, 2009). His 109 lifetime OPS+ is a reasonable expectation, but if he has one more 140+ season like this one (currently at 150) then I figure his contract is paid off with the rest being bonus points. Wonder how many teams wish they bit in the 2010/2011 winter when anyone could've had him for sub-$3 mil?
Wouldn't a deal like this make Encarnacion more valuable in trade now that FA compensation was removed for players traded midseason?
The team really does look like it's laying a foundation to begin competing as soon as next year, and for this reason I can't imagine we deal Oliver, Johnson (who I bet gets a multi-year deal similar to Edwin's) or Davis, all of whom could be contributors to a contender in 2013, or for a late push this year. I think the willingness to consider Stroman and Dyson as arms for the pen this year is further evidence that the front office sees the team on the brink of contention and is willing to swap potential future value (starting pitching) for immediate big-league help in the pen.
Career: .264/.341/.465/.806, .350woba, 111wRC+
As Jay: .267/.335/.486/.821, .355woba, 122wRC+
Even before this breakout season he was still a comfortably above average offensive player. (If memory serves his numbers were approx .790ops, .340woba, 110wRC+ prior to this season).
And I for one think his breakout this year is largely legit, even if that means he might drop down to "just" being an .850+ ops guy.
Another complete and total misreading by 92-93. If he had read my brief post, or if he could refrain from misquoting, he would acknowledge that I had only raised it as a tentative question. And I had cited evidence on both sides of the question -- including several previous cases of mid-season extensions by Anthopoulos. Obviously I wasn't theorizing that AA didn't like mid-season extensions, because he has done it several times in the past. I was posing the question of whether it is his preference or not. But nuance is often lost in these threads....
His career OPS before this year was .789. Would that be "comfortably above average" for a 1B or DH, which he is now?
Edwin Encarnacion @Encadwin
God is Good :) I'm Very Happy to be part of this great @BlueJays Org. for another 4yrs Thanks all for your support Go Blue Jays!!!!!
2012: .770ops
2011: .769ops
2010: .757ops
so...yes, it would be comfortable above average.
This is what I wrote in the mid-season hitting report: "I think the most likely way things goes down is with Toronto offering arbitration and Encarnacion declining. Hear me out. EE's on a $3.5 million club option, and right now he ranks second amongst 1B in WAR. I can't see him getting less than 3/$30 million on the open market going into his age 30 season, with the only thing potentially holding him back being that a lot of big market AL teams (where he also makes sense as a DH) like Anaheim, New York, Boston and Detroit all have logjams at 1B/DH. I doubt the Jays would really want to pay that, but I could see the club, bereft of any other real options (other than trying to move Bautista) offering him arbitration, which I think is around $12 million, especially given the possibility he declines - as I mentioned I think Encarnacion can get close to that, but over multiple years."
I think the club got great value.
Bautista: 5/$65 ($13 per)
EE: 3/$27 plus option ($9 per)
Morrow: 3/$21 plus option at $10 ($7 per plus option)
Romero: 5/$30.1 ($6 per)
Escobar: 2/$10 (plus 2 options at same $5 per)
Lind: 4/$18 ($4.5 per)
Janssen: 2/$5.9
Davis: 2/$5.75
So just one over $10 per, tons in the well under range. No contracts that are killers like Wells (7/$126) or even Rios (7/$70 plus option) outside of Bautista and Bautista's is actually less raw dollars than Rios' deal.
Interesting to see. AA clearly likes deals where if it blows up it won't cripple his budget but all have the potential to bring in near double value vs free agency.
FanGraphs has Bautista worth $51.4 mil since signing his deal - clear win even if you put a serious discount on them.
EE is at $12.7 this year so far, $6+ each of the last 2 years - so worst case is paying $27 mil for $18 mil of value should he be as he was pre-this season but one more year like this and his contract is paid off.
Morrow it says was at $7.4 so far this year and averaged $15 the past 2.
Romero: Just $0.8 so far (ugh) but $12+ each of the last 3 years
Doesn't take much to make these deals worth it. Just so you know there are bad figures...
Rios: $13.2 this year so far (really good year), but $3 mil in the hole last year, $14.8 the year before to the good (talk about extremes), $1.3 his last year here/first in Chicago
Wells: $1.4 last year, $100k sub-0 this year, just one year over $10 mil since his big 2006
Very happy about this extension, one less hole to fill going forward regardless of whether it is 1B or DH. I love the protection he gives Bautista (Joey's resurgeance this year lines up perfectly with the switch from Lind to EE hitting behind him. Edwin's versatility (albeit mediocre versatility) is just gravy. Let's get a pitcher signed beyond this season (even if it is just 1) and I will consider this season a success for AA.
I don't quite think this proves AA isn't in sell mode, but trading Encarnacion would have been a dead giveaway that he was, and now that ain't happening.
The other comments have mostly hit on my reaction, but it's a very reasonable figure and a contract that isn't going to seriously harm the club if it doesn't pay the expected dividends. As Anders said, there's no immediate help on the horizon at 1B/DH and someone else can force his way onto the team to play DH or another bat to play those positions can be acquired, if necessary. This is a good move, even if Encarnacion doesn't repeat 2012 in the coming seasons.
Willingham: consistent performer in the 120 range for OPS+ for 6 years before the contract. Contract covers ages 33-35 at $7 mil per year
Encarnacion: 4 of 7 years in 108-110 range, other 3 ML seasons were 91-93-101 (rookie year, traded year, age 24 season) so reasonably steady at 10 points lower than one would expect from Willingham.
This year though EE is at 150 while Willingham is at 149 - go figure. This winter what kind of contract would each get on the open market? EE is 4 years younger but Willingham has a better track record. EE can play (technically) 3B/1B (plus 8 innings in LF) while Williangham is a LF/RF with 15 games behind the plate (2006 and earlier) and 4 innings at 1B.
Given all of that which would you sign? I'd expect the 4 years would outweigh the 10 points of OPS+ one could expect based on pre-2012 stats. Plus, EE is now known to potentially be a 150 OPS+ hitter while (at the time of signing) no one expected it from Willingham.
In the end I'd say given Willingham getting $7 mil per year for slightly better performance pre-2012 but EE having 4 years and showing potential for a lot more offense that the $9 mil per is a good deal especially with the option year at the end.
Cuddyer 3 times cracked 120 for OPS+, but also has an 89 recently (2008). He has more defensive value due to being in RF/1B with recent time in CF, 2B, 3B. His lifetime 110 OPS+ though suggests he shouldn't hit more than EE would be expected to pre-2012. Yet he got over just over $10 mil a year. TotalZone rates his defense as a negative, but I don't know what his general rep is.
Still, now with 2 data points and EE being inbetween them one has to think this deal makes sense if EE ends up in the 110-120 range for OPS+ and is a bargain if his new level is for real (ala Bautista).
Yes, there's a significant difference in likely career paths for a 30 year old vs a 33 year old. Plus, I think there is a realistic possibility that EE does better than .830 OPS - I mentioned .830 or better. Willingham's contract looks like a very good deal for the Twins, he's been a good hitter for quite a while, and his numbers have probably been hurt somewhat by playing in pitchers' parks - his career OPS is higher on the road than at home. Let's put it this way - if you said you could have Willingham or Encarnacion for the next couple of years as your DH, I'd take Edwin.
I wouldn't have the confidence at this point to say Yes, he is genuinely new & improved. I don't share the enthusiasm of the crowd here, I think there's still a decent chance that this contract could go down as less than a great idea for AA. But there's risk in everything, and I'm confident that AA generally picks his bets wisely.
Congrats to Edwin, and nice to see the Jays spending some cash.
Jason Kubel (age 30 now) is another good comp, with career OPS+ of 114. He has a career slash of .338/.466 damn close to EE's .341/.465.
Kubel got 2 years x $7.5M with an option for the same amount, last year as a FA.
The EE deal is ok, but not a wow. Pretty much exactly as one would expect. Here's hoping it's a great deal for the Jays.
And I still thought his deal was a good deal for Minny when he signed it.
"AA said he prefers not to do mid-season extensions and added he had no intentions of dealing EE regardless."
I suspect he's telling the truth -- ideally he doesn't like to do mid-season extensions, because they can be a serious distraction to everyone. But in some cases, like this one, it makes sense to do it.
Jonny -- thanks for the thoughts on Encarnacion's season. I still share a bit of your early skepticism. After all, what are the odds that two players in the same lineup (Bautista and EE) both make a magical leap to a whole new level at the age of 29? It's certainly unusual, and the odds were against them. But maybe the Jays got lucky. (Or they scouted well in their due diligence before those two trades.)
http://toronto.bluejays.mlb.com/news/article.jsp?ymd=20120712&content_id=34857644&vkey=news_tor&c_id=tor
Is it me or has this been an abnormally quiet all-star hiatus? Shouldn't there be all sorts of wheeling and dealing in the books by now?
- Don't spend much on free agents.
- Pour money into the farm system, and attempt to out-scout opponents.
- Spend to keep good players.
The 1980s Jays were willing to trade for the occasional rent-a-player or two if they were actually in contention late in the season (hello there, Mookie!), so maybe the 2010s Jays will do the same thing.
I'm totally okay with the EE signing. He can hit, the Jays don't have a replacement in the farm system, and he likes it here.
I don't think this is quite as magical a leap. It's certainly a big step forward, but some of the key components aren't that far from things he'd done in his past. He's batting .295? A career high, but he did hit .289 for the Reds in 2007. He's got 23 HR in 308 ABs? He did hit 21 in 332 ABs for the Jays a couple of years ago.
Encarnacion himself has talked about rebuilding his swing this off-season so he could drive the pitch away from him. Along with that, I'd suggest that not having to worry about playing third base has simplified his life enormously. Not being asked, on a daily basis, to go out and do something he simply wasn't capable of doing - well, it agrees with him.
Your best value isn't the two plus year contracts the players you acquire have. It's the only 1.3 or less years remaining that have most value. If it's a bad acquisition, only one year remains and a buyout is possible. If it's a good acquisition, the least you will get is a draft pick, the best, a long term contract (3 or more years). If it's a bad 2+ year acquisition - enough said.
EE's contract is short enough to not be a disaster if he flops, but long enough to keep him around if he stays good. 3 year deals rarely kill a team, 7 year deals can (cough-Wells-cough).
Late 90's the talent flow came back but poor decisions killed that team, while the 00's were killed by being in the nuclear division/low payroll/bad luck (runs for/against always better than record it seemed). Lets hope the 10's are better.
This break did seem to come at least a week earlier than usual this year, I think.
what are the odds that two players in the same lineup... both make a magical leap to a whole new level
Not so rare, I don't think....
And neither Stieb nor Henke could really be called locked in (you'll notice neither of them was back in 1993.) In 1992, Henke was in the final year of a three year, $7.5M deal; he was a free agent after 1992, the Jays didn't bother making him an offer, he signed a two year deal with Texas, and pretty well everyone was glad to be rid of him. (Don't get me started!)
Stieb had signed an "11 year deal" prior to the 1985 season. It was really a three year deal (through 1987) with eight (eight!?) club options. The team used five of those options - 1988 through 1992 - and by 1990 it was one of the better bargains in the game. They passed on the option after the 1992 season, and he signed with the White Sox that winter.