Roy Oswalt and the Trade Market
After Roy Oswalt's dazzling performance in Thursday's game, many people were speculating that it might've been his last start at Minute Maid Park. If so, what a memorable outing. But, that opinion begs the question, just where are we on trading Oswalt? Are we any closer? Has his value changed much with his performance of late? Which teams are interested? Astros County tried his hand at it this morning, focusing on Roy's value to the Rays.
First, his value has improved. Back when I speculated on his worth for this Trade Value column, I said he wasn't quite worth 12 million in value due to his contract and performance level, but I never expected him to be that good. Adjusting his WAR estimate up to 5.0, we get his value at 13.3 million. That's without any inflation based on his status as a former All-Star and World Series-playing, tractor-driving baseball name. That alone will up his value in many teams' minds and they will likely have to pay a premium over what his trade value should be. That means, his value could easily be north of 15 million.
I should also give you a second estimate. That first is based on Oswalt's contract option being declined and adding his 2 million dollar buyout to his last year of salary. If you plug in a third year onto his contract at a WAR total of 4.0, his value comes out to 17.7 million. Round up for his reputation premium and you get about 20 million in player worth. That range of 15-20 million will get you a pretty good package of players and a much better package than I had hoped for when I originally penned that piece.
That value could net a couple top prospects. It could easily get a Top 100 pitcher and possibly a Type B position player, which is why it's smart of the Astros to be asking for two Type A prospects. This is a negotiation, after all, and if you want a certain package, you must be prepared to act like you'll hold out for more. That's the only way you'll get the other team to raise it's offer. I'm no negotiator, but I get that strategy and I can understand why Ed Wade is taking this stance publicly.
I can also understand why rival GMs are popping off to the national press about his contract. Look, they want this player but they don't want to pay his freight. For instance, if I were to lower his salary figure for the next two seasons by 10 million dollars each year, his value to the franchise goes up dollar-for-dollar. That means his value could increase from 17 million to 37 million in a heartbeat. At that point, we're talking Top 50 hitters (plural) in any deal. So, yes, it makes more sense for a team to trade away top position players for Oswalt if the Astros pick up some of his contract. It does not, however, drop his value enough to exclude top guys if the Astros pay no part of his future salary.
That's why you see every article with either a Wade quote saying, "We're still feeling out a market," or a columnist saying, "The Astros are asking for the moon with Oswalt." These are tactics, not signs that the market is being mismanaged. Teams will pay a premium for Oswalt because he's pitching like a true ace this season and will probably continue to pitch at a high level for the life of his contract.
Which teams may be interested in him? Brian McTaggart noted that four teams had scouts at MMP on Thursday. The Mets and the Dodgers both have series coming up against the Astros and may have just been doing some advanced scouting. The Twins, Rays and Phillies could be looking to make a deal. I've long held that Gerry Hunsicker could be a big reason why the Rays stay in this hunt. It could also be a reason why they refuse to pay top-dollar for Cliff Lee, even though he'd be cheaper than Oswalt. The Twins are an intriguing choice and have some nice pitching in their system to return in a trade. The Phillies aren't barren, but wouldn't make the idea trading partners, unless they put Domonic Brown in play.
What about the Rangers, you ask? After all, as we've noted before, the framework for a deal may already be in place. This sale is going to be hard to wrap up before the trading deadline. It looks very much like the team will be sold at auction, in a controlled process, with the winning bid needing to beat the Greenberg Group's offer by at least 15-20 million. Since Greenberg has already bought up a lot of the parking around the stadium , that too is a point in their favor. It looks like Greenberg and Ryan may be the next owners, but not soon enough to compete for Roy Oswalt.
Where does that leave us? Probably in a wait and see pattern. I'm sure the Astros will be wanting to get the best possible deal and it makes sense to hold onto Roy until closer to the deadline. That way, they can drum up interest in him to rival Cliff Lee, who may well be dealt before the deadline. At any rate, don't expect any imminent deals, but with his trade value rising, don't be surprised to see Oswalt playing with another team by August.
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A New York Post article said that the Mariners and Yankees were in close discussion over the weekend, and that the Yankees would send Montero, who is a top 5 hitting prospect, and that the Mariners would ask for 1 or 2 other prospects. How close they are to a deal is anyone’s guess, even though the Post claims that they are near a deal. As I said in a previous post, the Astros and Mariners can help each other out by insisting on the high possible trade values for their ace pitchers. Obviously it helps the Astros out if the Mariners trade Lee first and get top dollar in return, since that will affect how teams look at trade value for an ace pitcher. I continue to think that the Rangers will have difficulty meeting the trade deadline in the bankruptcy process, for some of the reasons you mention.
However, there is an alternate view that the auction process could facilitate meeting the trade deadline, if everything goes according to plan. The plan is that the judge’s restructuring officer will recommend a bid, MLB will determine whether it will approve the bidder, the creditors will be given an opportunity to sign off on the bid selection, and the ownership change will be approved in a July 22d confirmation hearing. This process makes it more difficult for the creditors to object, since they get a new bid process. If a new bidder was selected, though, and MLB rejected the bidder, I assume that would cause the creditors to go ballistic because the default bid would be the Greenburg-Ryan group, and that might or might not cause them to raise issues which change the judge’s decision. However, if you assume that no bidder can meet the requirements to outbid the Greenburg-Ryan group offer by $20 million (plus agree to pay a walk away fee to that group), which is very possible, then the whole thing conceivably could get done by July 22d with an approval vote by MLB in the next 24 hours, leaving time for Greenburg-Ryan to spend their own money on trades.
this may change what I said about the Rangers' situation...
Apparently the bidding schedule will be delayed and that could make it impossible for the Rangers to meet the deadline. Nolan Ryan is disappointed, and admits that he may not be the owner of the Rangers in the future.
Perhaps...
He’ll go after the ‘stros! One can hope, right? That would be awesome. Wonder if that’s realistic or will he continue to pursue the Rangers?
by Crazy Eye Killa on Jul 9, 2010 2:38 PM CDT up reply actions
I LOVE the way you break it down, clack....
NOBODY does it better. I don’t always understand it…but then again…I DID live through the 60’s…and ONLY by the grace of God, I might add.
by titansfan4ever on Jul 9, 2010 3:12 PM CDT up reply actions
I think it’s more likely Cliff Lee will be moved first before Oswalt trade talk really heats up.
by Timothy De Block on Jul 9, 2010 10:53 AM CDT reply actions
Is there any chance he'd be moved to us?
I know…I know…you don’t have to say it. Buuuuuut….like Crazy Eye said, “one can hope, right”?
by titansfan4ever on Jul 9, 2010 3:14 PM CDT up reply actions
I’m starting to get tired of the outside media bashing Ed Wade’s every comment on every subject. It used to be all about relievers. Now they are laughing at him because a report said he has been asking for 3 prospects and the trading team pays Oswalts full salary. They take everything so literally. But, it’s like you said, it’s all tactic. You go buy a car, they have a list price but you and I both know they will sell that car for a lot less. They put that price on there knowing they will go down. They simply put the price higher to begin with so when they do come down, its actually at the price they originally planned to make on it. 3 prospects is simply the asking price. People don’t need to take everything so serious, he has to haggle just like everyone else. He is going to publically say what he really hope to get in return and then honestly expect to get that in return. Don’t blame Ed Wade when your own teams GM is not smart enough to use negotiation tactics.
What’s worse is that some of the national writers are being used as mouthpieces to advance the strategic objectives of specific teams. The teams looking to buy obviously have an interest in keeping the market value of Lee and Oswalt as low as possible. So anonymous baseball people are quoted in order to justify the bashing of Wade (and the Mariners, to some degree). The manipulation of the media is a tactic to put pressure on the selling team to lower their asking prices. (That’s all my take on the situation, anyway.) It will humorous if Wade does trade Oswalt, and the national media takes him to task for getting too little in return (which wouldn’t surprise me).
It's called posturing...
like when another Wade (as in Dwyane) went to the Bulls for a visit…when all along it was just a ploy to distract Chicago from trying to sign LeBron. He never had any intentions of signing with Chicago. But he wanted to make sure that LeBron didn’t either, so that he would come to Miami to join him & Bosh.
by titansfan4ever on Jul 9, 2010 3:23 PM CDT up reply actions
With Lee traded to the Yankees
That leaves some desperate teams or the Oswalt sweepstakes. The Twins and the Rangers in particular really, really want a good starting pitcher. The Rays may be pushed to acquire one as well to keep up with NYY. There are also the Mets, but for whatever reason, they’ve been playing it extremely cool about Roy as compared to other pitchers and no it sounds like they are after Ted Lilly instead. Then there are the shadow contenders like the Dodgers and the Phillies.
It’s very good for us that the Lee deal is getting done now. It leaves plenty of time for other teams to drive Oswalt’s price up with bidding for him. Nobody is going to want to be the team left without reinforcements for their starting rotation.
According to ESPN’s most recent article, it will involve Montero and David Adams, and possibly another player as well. Montero is, like clack said, a top 5 hitting prospect and is the top yankees prospect as well. Adams is a 2B at AA and before this season was a C+ (with a chance to a B- if he continues to hit well this year) and #12 prospect according to Sickels. He currently has a slightly over .900 OPS, so that likely will push him over to a B-. Right in line with what they should get.
Supposedly, the Mets have money problems and that may deter them in the Oswalt bidding. I’m not sure how much credibility to give it, but some recent New York articles indicate that the Wilpons lost a lot more money in the Madoff scandal and in the stock market than previously reported, and that they may be forced to sell the Mets.
I’m holding onto hope that McLane will do the smart thing and agree to eat the vast majority of Roy’s salary in order to get a haul similar to what the M’s got for Lee.
If Houston willingly paid 1.6 million or more bonus to a 16 year old
then they ought to consider what bonus they would pay to any given prospects and reduce Roy’s value for that in return for the player(s) . If Roy’s value exceeds his contract by 6 to 8 million, however, Astros do not need to eat any of his contract until they receive the benefit of 6 to 8 million dollars worth of prospects (less their contract salary for the next two years).
Astros fan for life
by Joe in Birmingham on Jul 9, 2010 2:13 PM CDT up reply actions
From Houston’s perspective, the Yankees were probably a good team to get Lee since their prospects don’t really match up and they may not have been on Roy’s short list.
I’m still hoping the Rangers get it together. If not, because of how early the Lee deal went down, the ’stros should have plenty to choose from (Dodgers, Phillies, Mets, Rays, etc.)
by Snake Diggity on Jul 9, 2010 2:02 PM CDT up reply actions
Deep Down
I’d be happy if Roy stays in Houston.
Astros fan for life
by Joe in Birmingham on Jul 9, 2010 2:15 PM CDT reply actions 2 recs
I wouldn’t be happy, but I firmly believe that unless Houston gets at least a top 100 player and another B+ prospect in return, the trade is not worth making.
If they keep both O and Myers they will have completely bungled this deadline. The only way they should keep Myers is if they get rid of Roy AND lock Brett up for next year before he hits free agency.
by Snake Diggity on Jul 9, 2010 2:24 PM CDT up reply actions
I'd be disappointed
The Astros need prospects. There’s no sense in keeping anyone with trade value IMO. I don’t care if the whole Express roster moved up to fill the gaps. I’d rather the Astros take the lumps for 2-3 years rather than continue hanging on to marginal players or guys past their prime.
by Crazy Eye Killa on Jul 9, 2010 2:51 PM CDT up reply actions
I can see where you're coming from
But at the same time, trading him for prospects makes the most baseball sense. And on the sentimental angle, Roy doesn’t want to be here anymore. If it
a) Makes baseball sense
and
b) Roy doesn’t want to be an Astro
Then I think we pretty much have to trade him. Maybe not at the deadline this year, depends on what we get back. But before his contract ends, for certain.
Who are some possible players the Astros would get for Oswalt?
First off, I’m a newer reader to this website, and appreciate the knowledge that the writers and contributors have here. For someone like me, who’s not a stat head and doesn’t understand all the nuisances of the business-side of baseball, could y’all tell me some of the possible trade pieces the Astros would want/get if Roy is traded? Basically, of the teams that are likely trade partners, who would they give up for Roy (both if Drayton picks up part of the tab or doesn’t)? I’d love to see Roy go to the Rangers since the Rangers are another Texas team, and I assume the Rangers have enough talent to make a trade. Is it possible, even with the Rangers’ bankruptcy issue that if Drayton picked up some of Oswalt’s contract a deal could be made between the two teams? Or is that pretty much a moot point with the team’s ownership in limbo? Thanks!
I"m sure the Rangers would like to make the trade no matter what, but I’m doubtful it’ll happen. With these creditors demanding their money from the Hicks Sports Group, I’d be shocked if the team approves picking up any salary. They’d have to trade away someone that costs around the same amount, like Rich Harden, but even then, it probably wouldn’t work.
Check out that link to my first Trade Value column on Roy. I broke down likely trade targets from the possible suitors. It’s basically still the same market, with the added caveat that his trade value has likely increased. So, for instance, any trade with the Rays would likely need to include Reid Brignac.
by David Coleman on Jul 9, 2010 3:29 PM CDT up reply actions
Lee to the Rangers
So now the only way Roy will stay in Texas is if he stays with the Astros. Lance is starting to heat up and Lee is slowly but surely getting better. He just hasn’t really been the same since that broken finger. As much as I hate to say it, I’m fine now with trading away our stars and becoming cellar-dwellers for a few seasons if we can rebuild our farm system. Drayton on the other hand…
Dodgers?…for Oswalt to Dodgers for SS prospect Dee Gordon, bat Kyle Russell, and a young arm?….I have no idea.
I know in division trades might not be the best, but what about Oswalt + Cash to the Reds for 1B Yonder Alonso, LHP Travis Wood, and OF prospect Juan Duran?
I know nothing about Alonso
but on a philosophical basis, I don’t see any merit in trading for a first baseman. That seems to be the easiest position to fill if a team has a hitter with no speed.
Do Astros need outfield prospects? Does Duran have a lot of homerun power?
A decent LHP always welcome
Astros fan for life
by Joe in Birmingham on Jul 9, 2010 11:01 PM CDT up reply actions
My trade suggestion might have been a little slanted in the Astros favor, but maybe not. I don’t know. I love baseball and the Astros, but I’m not too much on the up-and-up on minor league prospects.
Juan Duran was a Reds prospect that they signed from the Dominican Republic a couple years back. He is pretty young, but has potential.I’m not too sure on his power.
by PeteyNhtown on Jul 10, 2010 12:09 AM CDT up reply actions
I checked Duran's stats
Not that good
http://www.baseball-reference.com/minors/player.cgi?id=duran-003jua
like 3 homeruns in three seasons
sub-.200 batting average
Sub .300 OBP and SLG
Astros fan for life
by Joe in Birmingham on Jul 10, 2010 1:28 PM CDT up reply actions

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