Plympton91 said:
The problem is that even an 800 OPS and average defense in LF isn't worth $22 million a year. At SS, it is. Ben signed what should have been expected to be a two-tool LF and paid him as if he was still a 5-tool SS. Hindsight for a message board poster who thinks about these things in his couple hours of spare time a day? Yup, guilty. Does that mean a professional GM whose full-time job it is to think about this should get a pass on getting it wrong? Nope.
I think you have a valid point here, but I also think your value multiplier may be behind the times. If, as many people have been saying, the cost of a win on the market is now $7M and still going up, then a $22M guy is a 3-win player. And an .800 OPS (translation: 120 wRC+) left fielder with average defense who plays a more or less full season is at least a 3-win player. The problem is that Hanley has done none of those things. It wasn't an entirely irrational contract, but it was an aggressively optimistic contract to give to a 31-year-old moving to a new position. A lot of things had to go right for it to work, and so far none of them have.
So what does Dombrowski do now? Let's assume that Hanley's bat bounces back next year and he's a 120 wRC+ -ish hitter. Let's further assume that if he plays defense, it will be at 1B. And let's assume that he has one of his occasional healthy years and plays 150 games/600 PA. Here's his approximate value in three scenarios:
A. plays 1B with average defense: 2.9 fWAR (20 off. runs + 0 def. runs -11.5 positional runs + 20 replacement runs = 29 )
B. plays 1B with -10 run defense: 1.9 fWAR (same as A -10 def. runs)
C. plays as a DH: 2.4 fWAR (same as A but -16 positional runs)
Those are pretty much best-case scenarios. If he's a DH, he's worth, at most, about $16-17M a year. If he's a 1B, he's worth somewhere between roughly $13M and $20M depending on his defense. And all those numbers assume he stays healthy all year and bounces back to solid offense.
So here's the dilemma for Dombrowski: If the Sox trade Hanley this winter, their trade partner is taking a wild-ass gamble. If they have a DH slot for him--and as we've seen, only a few teams do--then the subsidy conversation starts at about $15-20M, and if it stops there, the Sox will get very little in return.
If the trade partner doesn't have a DH slot for him, they're taking a double gamble--that the offense bounces back
and that Hanley can play whatever position they slot him in--so the subsidy would have to be massive, getting into the neighborhood of 50%, for a deal to make any kind of sense, and the Sox would still get fairly little in return.
OTOH, if the Sox slot Hanley at first next year, he fields the position respectably, and his bat bounces back, then all of a sudden the contract seems semi-reasonable, and they could hope to swing a deadline deal with a minor subsidy and a real return, or no subsidy and a modest return. Or maybe, in that scenario, they decide not to deal him at all.
OTOOH, if they keep him, slot him at first, and a train wreck occurs--shitty defense, continued offensive decline, and clubhouse tension--then he becomes pretty close to untradeable.
So, if you're Dombrowski, what do you do? Stand pat and hope the asset appreciates, or cash in now for what's pretty certain to be an embarrassingly meager return?