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Hunter Pence and Arbitration, You Can't Buy Wins (or can you), and Bernardo Fallas makes his debut

In the arbitration arena, it's three up, three down for the Astros. The three players who inked deals were Michael Bourn ($2.4 million plus bonuses), Matt Lindstrom ($1.625 plus bonuses) and Humberto Quintero ($750,000 plus bonuses), thus avoiding arbitration. This leaves Hunter Pence, Wandy Rodriguez and Tim Byrdak as yet to be signed and subject to hearings starting next week. Until then, the players representatives and the Astros' brass have the opportunity to discuss possible contracts for 2010 and possibly beyond.

The discussion of the possibility of locking up Wandy and Hunter long term (or at least longer than one season) was thrown out in our initial discussions concerning arbitration yesterday, with little enthusiasm for inking Pence to an extended contract. My take is that while Hunter is a fan favorite, who has a fairly diversified skill set, he does not project to be a true All Star right fielder.

Being such, I think that it would be acceptable to sign him to a reasonable 4-5 year contract, locking him in for his peak seasons and releasing him when he reaches the dreaded decline years of 31, 32. He has been a bargain for the club in his 2 plus seasons, making little more than $400,000- a pittance for a major leaguer. The way he plays and the attitude he brings to the field every day makes him easy to root for. I think the aggregate affect is that his actual performance on the field is overshadowed a bit by our perceptions of his approach, likability, etc. Once he starts making more money, I would be willing to bet that people will become more critical of his shortcomings. For an outfielder, Pence does pair above average offense (Tom Tango's marcel projection system has Pence's wOBA in the top 100 in the majors in 2010), with superior range and a top flight arm in right field.

For comparison's sake, yesterday, Los Angeles Dodgers' RF Andre Ethier signed a 2 year contract that guarantees he will be paid at least $15.25 million over the life of the deal. An average salary of a bit over $7.5 million is pretty fair for a 2.5 win player who is approaching his peak seasons. If the Astros wanted to do something similar with Hunter, who was nearly a win better (3.3 WAR) in 2009, and a far superior defender, than was Ethier, I couldn't hold it against the Astros. Mr. Ethier stole headlines last season with his numerous walk off hits (which shows why his WPA is ridiculously high), but Pence as evidenced by his WAR was the better all around performer and should prove to be more valuable in the years to come as well. There are more quality outfielders available than at any other position (obviously due to numbers alone), but guys like Luke Scott and Josh Willingham, both 30 years+ and fairly one dimensional, both agreed to deals worth more than $4 million yesterday. Point being that if the Astros don't sign Hunter Pence to an extended contract, he may get a tad expensive in the seasons to come.

Tom Veruducci explored which ML teams in the past decade got the most "bang for their buck", i.e.: he figured out how much in $'s each team spent per victory over the course of ten seasons. The Astros ranked 12th on the list at $927,000 per victory. After the top ten (filled with the expected big market clubs), there is a fairly substantial drop-off until you reach the Phillies, Astros, Cards, Giants, Rangers, D-Backs and White Sox, who all paid somewhere between $935,000 and $900,000 for a victory during the decade. In case you were wondering, our 'Stros ranked 13th in total victories over that time period, with 832, just five wins behind the Mariners total of 837.

Bottom line: from 2000 through 2009, the Astros were 12th in cost per win, and 13th overall in victories...ya get what ya pay for, I suppose.

Newly minted Chronicle Astros beat writer Bernardo Fallas penned his first (I believe) feature story for the paper's webstie, and also opined concerning the three arb eligible Astros who failed to sign contracts on Tuesday. Youth is always welcome in the newspaper biz, and Bernardo seems to fit the bill. He and Zach Levine should be a great team for the paper.

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i’m not a big proponent of locking up young players with multi-year contracts. But it all comes down to the economics, meaning that there probably is a multi-year contract amount for Pence which is financially attractive to the Astros—but I am guessing that, if all the Astros’ risks are baked in to the dollar amount, then it won’t be attractive to Pence and his agent. When you don’t have a clear idea about the players’ likely improvement or decline (because he doesn’t have enough ML history), the team can quickly regret the multi-year contract (think: Atlanta signing Francouer to a multi-year deal). Thankfully, I don’t see Pence turning into a Francouer, but his down side could be a slide into Corey Hart territory. Personally, I think Pence will probably have a good All Star peak year in the next couple of seasons, I would just as well that the Astros accept all of the benefit of the underpayment for his performance. Otherwise, you lose some of the advantage of having a good player in his arb eligible years. I just don’t have as much comfort with his performance level 3 or 4 years from now. It may be that it makes sense to let him go after his arb years are over, particularly with young OFers in the minors.

I could see Wandy on a two year deal at $7.5 million/year as a good deal. I think that would be a gamble for both sides. But I don’t think it’s unreasonable. However, if Wandy has a 2010 with numbers similar to 2009, he is looking at some serious money as a free agent, so he may not wanto to do that.

by clack on Jan 20, 2010 11:58 AM CST reply actions   0 recs

By the way, according to BB-Ref, here are the top 4 similar players to Pence at his current age:

1. Aubrey Huff 2. Jim Edmonds 3. Bobby Higginson 4. Corey Hart

You have four quite different career paths. You would like to think he will have a long all-star career like Edmonds—but a 1 in 4 chance of that is probably even a little high. Huff and Higginson fit the two or three more really good years before falling into mediocrity or worse. Corey Hart is only 1 year older than Pence, so we don’t his ultimate path, but Hart has had his problems in recent years.

by clack on Jan 20, 2010 12:46 PM CST up reply actions   0 recs

FWIW, Hart turned down a multi-year deal. I have no idea what it was. He seems like he’s teetering between borderline all-star and blah if that’s possible.

by ol Pete on Jan 20, 2010 1:01 PM CST up reply actions   0 recs

As long as he's good

not necessarily great he’ll be paid because of his status with the fans, and the marketability of getting those fans to MMP.

by timmy_ on Jan 20, 2010 1:59 PM CST up reply actions   0 recs

I can see it as a tool

to sign players beyond their arbitration years. I know when the Rays signed Evan Longoria to a long-term deal just weeks after his MLB debut, there was a quote about how they were showing good faith and loyalty to the player. I think if you’ve got a player who’s a “can’t miss” rookie/young player (Pujols, Wright, Longoria, etc.), it could be a good decision to “overpay” now in order to make them feel more loyal before entering free agency. I don’t have any idea if there’s any kind of figures to back this up, but how often does a player leave a team following the cash during free agency after the team’s tried to take a safer, thrifty route during arbitration versus players leaving for more money from teams that locked him up ASAP. Just a thought.

by Sarcastros on Jan 20, 2010 12:25 PM CST reply actions   0 recs

Lindstrom

astros.com as well as yahoo sports reports that Matt Lindstrom signed a contract for $1.625 million plus bonuses, not the $4.625 million plus bonuses stated. I believe they would have dumped him rather than pay 4.625

by MDunn on Jan 20, 2010 2:30 PM CST reply actions   0 recs

correct

My mistake.

The Crawfish Boxes, Astros blogging at its finest.

by Evan Hochschild on Jan 20, 2010 2:42 PM CST up reply actions   0 recs

Pence

If the Astros would spend some of their money on Young talent and not so much on Over the hill talent, our situation would not be as bad… bend over Drayton, and let Pence have his piece of the pie, He may use Vaseline, as we all Know Carlos Lee didn’t, and he’s laughing all the way to the Bank. Get your mind off the older players and bring in some new fresh players, Look what the Rockets are doing, They may not be tearing up the league but are holding their own… Uh, Maybe you should follow thier example.

by Tipchief on Jan 20, 2010 9:08 PM CST reply actions   0 recs

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