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	<title>Milwaukee &#187; 2019 Brewers</title>
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		<title>Assessing Market Catchers</title>
		<link>http://milwaukee.locals.baseballprospectus.com/2018/11/19/assessing-market-catchers/</link>
		<comments>http://milwaukee.locals.baseballprospectus.com/2018/11/19/assessing-market-catchers/#comments</comments>
		<pubDate>Mon, 19 Nov 2018 12:30:35 +0000</pubDate>
		<dc:creator><![CDATA[Andrew Salzman]]></dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[2018 Offseason analysis]]></category>
		<category><![CDATA[2018-2019 offseason analysis]]></category>
		<category><![CDATA[2019 Brewers]]></category>
		<category><![CDATA[Brewers analysis]]></category>
		<category><![CDATA[Brewers free agency analysis]]></category>
		<category><![CDATA[Brewers offseason analysis]]></category>
		<category><![CDATA[Erik Kratz]]></category>
		<category><![CDATA[Kurt Suzuki]]></category>
		<category><![CDATA[Manny Pina]]></category>
		<category><![CDATA[MLB Catcher Analysis]]></category>
		<category><![CDATA[Wilson Ramos]]></category>
		<category><![CDATA[Yasmani Grandal]]></category>

		<guid isPermaLink="false">http://milwaukee.locals.baseballprospectus.com/?p=12983</guid>
		<description><![CDATA[Coming into the 2018 season, catcher did not seem to be a strong position for the Brewers. However, according to BWARP, Milwaukee had two of the top nineteen catchers in MLB in Manny Pina and Erik Kratz. The majority of their contributions came on the defensive side as Kratz was a top 10 catcher according [&#8230;]]]></description>
				<content:encoded><![CDATA[<p>Coming into the 2018 season, catcher did not seem to be a strong position for the Brewers. However, according to <a href="https://legacy.baseballprospectus.com/sortable/index.php?cid=2557149">BWARP</a>, Milwaukee had two of the top nineteen catchers in MLB in Manny Pina and Erik Kratz. The majority of their contributions came on the <a href="https://legacy.baseballprospectus.com/sortable/index.php?cid=2579126">defensive</a> side as Kratz was a top 10 catcher according to Fielding Runs Above Average (FRAA) and Pina was also in the top 20. For a team which is not looking to spend top dollar, the tandem cost less than $2 million, as neither <a href="https://www.baseball-reference.com/players/p/pinama01.shtml">Pina</a> nor <a href="https://www.baseball-reference.com/players/k/kratzer01.shtml">Kratz</a> was arbitration eligible. Based on <a href="http://milwaukee.locals.baseballprospectus.com/2018/11/05/tender-expectations/">Cot’s Contracts</a>, the cost of that tandem could almost double in 2018. The problem with going into next season with that tandem is that their respective ages don’t give fans much hope for improvement, and that&#8217;s before considering that each player may be due for some regression.</p>
<p><em><strong>Related Reading:</strong></em><br />
<a href="http://milwaukee.locals.baseballprospectus.com/2018/10/30/organizational-audit-catcher/">Brewers Organization Catchers</a></p>
<p>The <a href="https://www.baseballprospectus.com/news/article/43474/the-2019-free-agent-fifty-1-10/">Baseball Prospectus</a> top 2019 Free Agents list had four catchers in the top 50: Yasmani Grandal, Wilson Ramos, Kurt Suzuki and Jonathan Lucroy. Eliminating <a href="https://legacy.baseballprospectus.com/sortable/index.php?cid=2586396">Lucroy</a>, who was the second worst catcher who received regular playing time in 2018, the Brewers have three options if they wanted to dip into the free agent pool to try and upgrade the position.</p>
<p>Yasmani Grandal was ranked 9<sup>th</sup> best free agent this offseason and <a href="https://www.mlbtraderumors.com/2018/11/mlb-free-agent-predictions-2019.html">projections</a> put him at least a  three year <a href="https://www.fangraphs.com/blogs/2019-top-50-free-agents/">commitment</a> between $15-16M a year. At that salary, Grandal would rank <a href="https://docs.google.com/spreadsheets/d/1iRU5sB7gfLjmcDpAu1cIe6BBBRFgmZUN0lvxpdS5Spc/pubhtml">second</a> on the team in annual salary, only behind Ryan Braun. While Grandal is entering his age-30 season, he only trailed J.T. Realmuto in <a href="https://legacy.baseballprospectus.com/sortable/index.php?cid=2586396">catcher Wins Above Replacement Player (BWARP</a>) in 2018 and was close enough that one could consider him the best in baseball. Grandal may have been the most complete catcher as he ranked second in both Value Over Replacement Player (VORP) and FRAA amongst catchers, which respectively measure offensive and defensive value, showing that he’s strong at both ends of the game.</p>
<p>If there’s one area of concern, it’s that most of Grandal’s defensive value came from framing. He <a href="https://legacy.baseballprospectus.com/sortable/index.php?cid=2557264">led</a> MLB in framing runs in 2018 but provided only slightly positive value for blocking and throwing runs. If the Brewers were to commit the resources necessary to sign Grandal, then they would need to believe his bat will age gracefully as well as that  he can continue to provide defensive value through framing, which is not a <a href="https://legacy.baseballprospectus.com/card/57191/jonathan-lucroy">given</a>.</p>
<p>Wilson Ramos is a year older than Grandal and with his injury history projects for a <a href="https://www.mlbtraderumors.com/2018/11/mlb-free-agent-predictions-2019.html">three year</a> contract at <a href="https://www.fangraphs.com/blogs/2019-top-50-free-agents/">$36 million</a>. He doesn’t provide much defensive value. In his last season before tearing his ACL, Ramos had a 10 FRAA. Since the tear, he’s -3.9. Amongst catchers who caught at least 2,000 pitches, Ramos ranked 35<sup>th</sup> of 61 catchers in FRAA, which make sense given his numbers: he’s not bad in any one area, but he also doesn’t stand out defensively.</p>
<p>Ramos will provide offensive value. In 2018, his True Average (<a href="https://legacy.baseballprospectus.com/sortable/index.php?cid=2759383">TAv</a>) was right behind Grandal and ranked fourth amongst all catchers. If you were concerned that a rate stat props up his value, then don’t worry because he was tied for seventh in VORP.</p>
<p>A big worry with Ramos would be playing time management. Prior to his knee injury, he maxed out at 131 games and 523 plate appearances. Last year he appeared in 111 games and went to the plate 416 times between Tampa and Philadelphia. While the Brewers don’t have any problems with rotating players, Ramos has no positional flexibility and would need to be paired with a competent backup who can cover somewhere between twenty-five to thirty-three percent of the playing time. Unless the market on Ramos falls short of projections, it’s difficult to see the Brewers making a strong play for his services because they’d also need to commit to a strong backup, perhaps straining the payroll too much for one position.</p>
<p>The last catcher in the top fifty is one who may make the most sense as a Brewer if he’s willing to leave his current club. Kurt Suzuki has had a late career renaissance at the plate in Atlanta, posting his two best <a href="https://legacy.baseballprospectus.com/card/49076/kurt-suzuki">TAvs</a> in 2017 and 2018. In those two seasons, Suzuki started <a href="https://legacy.baseballprospectus.com/card/49076/kurt-suzuki">swinging</a> more. Whereas prior to 2017, he was swinging at less than forty-five percent of the pitches he saw, he’s above a fifty two percent swing rate now, while also maintaining a contact rate above eighty percent. Suzuki finished sixth in both TAv and VORP amongst catchers in 2018, providing near equal offensive value to Ramos.</p>
<p>Suzuki does not provide much value behind the plate. He had a -5.5 FRAA in 2018, which was fueled by his poor framing numbers. He finished 52<sup>nd</sup> out of 61 catchers in framing runs and his modest blocking and throwing numbers couldn’t offset the framing numbers.</p>
<p>Suzuki’s numbers have increased as he’s played fewer games. He’s split time with Tyler Flowers in Atlanta, playing in 186 games over two seasons with less than 700 plate appearances. The good news is that his advanced age and limited playing time make him a potential cheap upgrade for Milwaukee. Projections have him at <a href="https://www.mlbtraderumors.com/2018/11/mlb-free-agent-predictions-2019.html">two years</a> and <a href="https://www.fangraphs.com/blogs/2019-top-50-free-agents/">$10 million</a>, which is reasonable enough to make him a realistic alternative to Pina or Kratz.</p>
<p>If the team does decide to look to the free agent marker to upgrade the catcher position, it feels like Suzuki would be the target. He’s a low cost option who could provide outsized production when compared with his salary. For an organization that always looks for surplus value in their acquisitions, a player like Suzuki makes sense for the team. Grandal and Ramos are buzzier additions but the cost of those two veterans may not fit in the budget. The good news is that the team has options at different levels outside the organization, so they can negotiate from a position of strength.</p>
]]></content:encoded>
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		<title>Fun With Trade Value</title>
		<link>http://milwaukee.locals.baseballprospectus.com/2018/11/08/fun-with-trade-value/</link>
		<comments>http://milwaukee.locals.baseballprospectus.com/2018/11/08/fun-with-trade-value/#comments</comments>
		<pubDate>Thu, 08 Nov 2018 19:04:40 +0000</pubDate>
		<dc:creator><![CDATA[Nicholas Zettel]]></dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[2018-2019 MLB offseason analysis]]></category>
		<category><![CDATA[2019 Brewers]]></category>
		<category><![CDATA[Brewers roster analysis]]></category>
		<category><![CDATA[Brewers trade analysis]]></category>
		<category><![CDATA[Diamondbacks trade analysis]]></category>
		<category><![CDATA[Giants trade analysis]]></category>
		<category><![CDATA[Mariners trade analysis]]></category>
		<category><![CDATA[Mets trade analysis]]></category>
		<category><![CDATA[MLB offseason analysis]]></category>
		<category><![CDATA[MLB trade analysis]]></category>
		<category><![CDATA[Orioles trade analysis]]></category>

		<guid isPermaLink="false">http://milwaukee.locals.baseballprospectus.com/?p=12925</guid>
		<description><![CDATA[Much of the focus for the Brewers offseason is potential free agency targets, given the excitement of the opening of the &#8220;hot stove&#8221; and the chance to dream about improving the roster with nothing more than cash and pricing risk: there are several fantastic free agency options that Milwaukee can sign without surrendering a draft [&#8230;]]]></description>
				<content:encoded><![CDATA[<p>Much of the focus for the Brewers offseason is potential free agency targets, given the excitement of the opening of the &#8220;hot stove&#8221; and the chance to dream about improving the roster with nothing more than cash and pricing risk: there are several fantastic free agency options that Milwaukee can sign without surrendering a draft pick, meaning that the club really simply needs to figure out its maximum payroll ceiling in this scenario. Yet, the Brewers are similar to many current playoff teams insofar as their roster yields best value from trade, and with a series of potential rebuilding efforts announced, as well as new General Managers in key markets, GM David Stearns could justifiably ignore the free agency market given the proper trades.</p>
<p>&nbsp;</p>
<p>Of course, the risk with trading is amplified: information asymmetry shifts from a player&#8217;s agent (on the free agency market) to a front office (in the trade market), which requires Stearns and the Brewers to maintain a different game theory (i.e., when making a trade, the Brewers cannot simply solve a coordination failure with another team by outspending all other comers); in addition to contractual risk, the risk of prospects or return assets must also be priced, which adds more room to strike a deal (&#8220;find the new market inefficiency!&#8221;) and to absolutely lose all value (the Jonathan Schoop and Andrew Susac / Phil Bickford trades are two examples of this for the Stearns front office).</p>
<p>There are several interesting trade partners across the league, including franchises that are tied to the Brewers&#8217; front office personnel by lineage (as an example, Tampa Bay and Houston are probably the most prominent teams in this category). It would not be surprising to see the Brewers go after players that they are familiar with from Matt Arnold or Stearns&#8217;s previous organizational pipelines (or, whatever rumors those two can continually collect from the&#8230;.er&#8230;.informal information market). Recent changes across the league offer new trade opportunities as new eyes look over existing talent stock; here the Mets and the Giants most clearly come to mind. Additional rumors about rebuilding efforts in Arizona and Seattle, as well as the situation in Baltimore, add further trade opportunities for Stearns.</p>
<p>So who wants to deal? To make this article easier to read, the &#8220;Surplus Assumptions&#8221; are posted at the bottom of the article, as well as a Brewers roster (for full trade comparison).</p>
<hr />
<p>&nbsp;</p>
<p>First things first, everyone wants Jacob deGrom, so let&#8217;s take a look at the very best players that the Brewers could trade. At the top of this list, prospects like deGrom would basically require prospect packages like Keston Hiura / Corbin Burnes <em>plus</em> some filler; if the Brewers could acquire almost anyone atop this without surrendering Hiura, that would be magical.</p>
<table border="" width="" cellspacing="0" cellpadding="0">
<tbody>
<tr bgcolor="#EDF1F3">
<th align="center">Best Trades</th>
<th align="center">Team</th>
<th align="center">Years</th>
<th align="center">Contract</th>
<th align="center">Blended Surplus</th>
<th align="center">High Surplus</th>
<th align="center">Immediate Surplus</th>
<th align="center">Raw</th>
<th align="center">Surplus</th>
</tr>
<tr>
<td align="center">Buster Posey</td>
<td align="center">Giants</td>
<td align="center">4</td>
<td align="center">$69.5</td>
<td align="center">$72.0</td>
<td align="center">$172.0</td>
<td align="center">$48.3</td>
<td align="center">$60.4</td>
<td align="center">$190.3</td>
</tr>
<tr>
<td align="center">Jean Segura</td>
<td align="center">Mariners</td>
<td align="center">5</td>
<td align="center">$60.4</td>
<td align="center">$40.6</td>
<td align="center">$84.8</td>
<td align="center">$84.6</td>
<td align="center">$56.3</td>
<td align="center">$173.0</td>
</tr>
<tr>
<td align="center">Brandon Nimmo</td>
<td align="center">Mets</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$14.7</td>
<td align="center">$54.3</td>
<td align="center">$126.8</td>
<td align="center">$84.0</td>
<td align="center">$171.1</td>
</tr>
<tr>
<td align="center">Mitch Haniger</td>
<td align="center">Mariners</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$15.9</td>
<td align="center">$54.5</td>
<td align="center">$110.3</td>
<td align="center">$77.3</td>
<td align="center">$157.6</td>
</tr>
<tr>
<td align="center">Jacob deGrom</td>
<td align="center">Mets</td>
<td align="center">2</td>
<td align="center">$1.0</td>
<td align="center">$56.9</td>
<td align="center">$120.6</td>
<td align="center">$168.8</td>
<td align="center">$76.0</td>
<td align="center">$152.9</td>
</tr>
<tr>
<td align="center">Noah Syndergaard</td>
<td align="center">Mets</td>
<td align="center">3</td>
<td align="center">$8.8</td>
<td align="center">$42.6</td>
<td align="center">$86.8</td>
<td align="center">$105.8</td>
<td align="center">$69.6</td>
<td align="center">$148.0</td>
</tr>
<tr>
<td align="center">Ketel Marte</td>
<td align="center">Dbacks</td>
<td align="center">5</td>
<td align="center">$21.0</td>
<td align="center">$14.5</td>
<td align="center">$35.5</td>
<td align="center">$74.6</td>
<td align="center">$48.2</td>
<td align="center">$117.3</td>
</tr>
<tr>
<td align="center">Marco Gonzales</td>
<td align="center">Mariners</td>
<td align="center">5</td>
<td align="center">$4.9</td>
<td align="center">$6.8</td>
<td align="center">$26.9</td>
<td align="center">$69.9</td>
<td align="center">$52.7</td>
<td align="center">$110.3</td>
</tr>
<tr>
<td align="center">Brandon Crawford</td>
<td align="center">Giants</td>
<td align="center">3</td>
<td align="center">$45.6</td>
<td align="center">$42.5</td>
<td align="center">$89.2</td>
<td align="center">$92.2</td>
<td align="center">$29.0</td>
<td align="center">$103.7</td>
</tr>
<tr>
<td align="center">Michael Conforto</td>
<td align="center">Mets</td>
<td align="center">3</td>
<td align="center">$5.8</td>
<td align="center">$27.6</td>
<td align="center">$66.4</td>
<td align="center">$67.2</td>
<td align="center">$47.9</td>
<td align="center">$101.6</td>
</tr>
<tr>
<td align="center">Edwin Diaz</td>
<td align="center">Mariners</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$15.1</td>
<td align="center">$41.9</td>
<td align="center">$55.9</td>
<td align="center">$47.2</td>
<td align="center">$97.4</td>
</tr>
<tr>
<td align="center">James Paxton</td>
<td align="center">Mariners</td>
<td align="center">2</td>
<td align="center">$4.0</td>
<td align="center">$30.5</td>
<td align="center">$81.1</td>
<td align="center">$102.5</td>
<td align="center">$43.6</td>
<td align="center">$91.1</td>
</tr>
<tr>
<td align="center">Jeff McNeil</td>
<td align="center">Mets</td>
<td align="center">6</td>
<td align="center">$0.0</td>
<td align="center">$3.9</td>
<td align="center">$16.0</td>
<td align="center">$48.1</td>
<td align="center">$45.4</td>
<td align="center">$90.7</td>
</tr>
<tr>
<td align="center">Andrew Suarez</td>
<td align="center">Giants</td>
<td align="center">6</td>
<td align="center">$0.0</td>
<td align="center">$3.9</td>
<td align="center">$16.0</td>
<td align="center">$47.9</td>
<td align="center">$45.2</td>
<td align="center">$90.4</td>
</tr>
<tr>
<td align="center">Steven Matz</td>
<td align="center">Mets</td>
<td align="center">3</td>
<td align="center">$5.0</td>
<td align="center">$16.2</td>
<td align="center">$40.2</td>
<td align="center">$63.2</td>
<td align="center">$34.9</td>
<td align="center">$74.8</td>
</tr>
<tr>
<td align="center">Paul Goldschmidt</td>
<td align="center">Dbacks</td>
<td align="center">1</td>
<td align="center">$14.5</td>
<td align="center">$72.1</td>
<td align="center">$153.4</td>
<td align="center">$124.3</td>
<td align="center">$24.4</td>
<td align="center">$63.2</td>
</tr>
<tr>
<td align="center">David Peralta</td>
<td align="center">Dbacks</td>
<td align="center">2</td>
<td align="center">$7.0</td>
<td align="center">$26.7</td>
<td align="center">$62.0</td>
<td align="center">$63.6</td>
<td align="center">$26.8</td>
<td align="center">$60.7</td>
</tr>
<tr>
<td align="center">Zack Godley</td>
<td align="center">Dbacks</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$12.3</td>
<td align="center">$29.9</td>
<td align="center">$22.9</td>
<td align="center">$25.9</td>
<td align="center">$54.9</td>
</tr>
<tr>
<td align="center">Tanner Scott</td>
<td align="center">Orioles</td>
<td align="center">6</td>
<td align="center">$0.0</td>
<td align="center">$2.3</td>
<td align="center">$9.2</td>
<td align="center">$26.7</td>
<td align="center">$25.5</td>
<td align="center">$50.9</td>
</tr>
<tr>
<td align="center">Robbie Ray</td>
<td align="center">Dbacks</td>
<td align="center">2</td>
<td align="center">$7.0</td>
<td align="center">$23.6</td>
<td align="center">$60.0</td>
<td align="center">$39.5</td>
<td align="center">$20.3</td>
<td align="center">$47.7</td>
</tr>
<tr>
<td align="center">Trey Mancini</td>
<td align="center">Orioles</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$8.3</td>
<td align="center">$23.4</td>
<td align="center">$21.2</td>
<td align="center">$20.5</td>
<td align="center">$44.1</td>
</tr>
<tr>
<td align="center">Seth Lugo</td>
<td align="center">Mets</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$5.7</td>
<td align="center">$17.3</td>
<td align="center">$29.2</td>
<td align="center">$20.2</td>
<td align="center">$43.3</td>
</tr>
</tbody>
</table>
<p>To this observer, if the Mariners end up entering rebuild mode, the Brewers prospect package that could get the most mileage would be for a grouping of Mitch Haniger and James Paxton; this type of deal might be &#8220;lead&#8221; by Domingo Santana and Corey Ray if the Brewers also included a couple of their best arms. The price would be steep, but would bolster right field defense and On-Base Percentage (balancing the batting order, as well) and the starting rotation. Notably, this prospect cost would be roughly equivalent to spending one full market deal on Patrick Corbin.</p>
<hr />
<p>&nbsp;</p>
<p>There are also some players on this handful of teams that have gigantic contracts, and this is a place where Stearns could create a deal to &#8220;buy a prospect&#8221; or otherwise leverage the Brewers&#8217; positive revenue scenario. The practice of &#8220;buying a prospect&#8221; basically means that the Brewers would take on the full balance (or significant balance) of a &#8220;bad&#8221; contract in order to receive a prospect from their trade partner. One example of this trade is how Atlanta acquired Touki Toussaint by &#8220;purchasing&#8221; Bronson Arroyo&#8217;s contract; to a lesser extent, the Brewers accomplished this when they grabbed Aaron Hill in the Jean Segura / Chase Anderson deal, which netted the Brewers potential impact prospect Isan Diaz (this was a great example of a &#8220;contrarian&#8221; deal by Stearns, as he acquired MLB talent during a supposed &#8220;rebuilding&#8221; cycle).</p>
<table border="" width="" cellspacing="0" cellpadding="0">
<tbody>
<tr bgcolor="#EDF1F3">
<th align="center">Player</th>
<th align="center">Team</th>
<th align="center">Years</th>
<th align="center">Contract</th>
<th align="center">Blended Surplus</th>
<th align="center">High Surplus</th>
<th align="center">Immediate Surplus</th>
<th align="center">Raw</th>
<th align="center">Surplus</th>
</tr>
<tr>
<td align="center">Robinson Cano</td>
<td align="center">Mariners</td>
<td align="center">5</td>
<td align="center">$120</td>
<td align="center">$38</td>
<td align="center">$102</td>
<td align="center">$46</td>
<td align="center">($17)</td>
<td align="center">$86</td>
</tr>
<tr>
<td align="center">Zack Greinke</td>
<td align="center">Dbacks</td>
<td align="center">3</td>
<td align="center">$105</td>
<td align="center">$51</td>
<td align="center">$108</td>
<td align="center">$112</td>
<td align="center">($14)</td>
<td align="center">$76</td>
</tr>
<tr>
<td align="center">Evan Longoria</td>
<td align="center">Giants</td>
<td align="center">5</td>
<td align="center">$73</td>
<td align="center">$32</td>
<td align="center">$87</td>
<td align="center">$1</td>
<td align="center">($7)</td>
<td align="center">$59</td>
</tr>
<tr>
<td align="center">Jeff Samardzija</td>
<td align="center">Giants</td>
<td align="center">2</td>
<td align="center">$40</td>
<td align="center">$33</td>
<td align="center">$78</td>
<td align="center">$33</td>
<td align="center">($8)</td>
<td align="center">$24</td>
</tr>
<tr>
<td align="center">Yoenis Cespedes</td>
<td align="center">Mets</td>
<td align="center">2</td>
<td align="center">$59</td>
<td align="center">$45</td>
<td align="center">$111</td>
<td align="center">$28</td>
<td align="center">($18)</td>
<td align="center">$23</td>
</tr>
<tr>
<td align="center">Sam Dyson</td>
<td align="center">Giants</td>
<td align="center">2</td>
<td align="center">$7</td>
<td align="center">$2</td>
<td align="center">$12</td>
<td align="center">$16</td>
<td align="center">($1)</td>
<td align="center">$6</td>
</tr>
<tr>
<td align="center">Juan Nicasio</td>
<td align="center">Mariners</td>
<td align="center">1</td>
<td align="center">$9</td>
<td align="center">$8</td>
<td align="center">$25</td>
<td align="center">$22</td>
<td align="center">($3)</td>
<td align="center">$3</td>
</tr>
<tr>
<td align="center">Mark Melancon</td>
<td align="center">Giants</td>
<td align="center">2</td>
<td align="center">$28</td>
<td align="center">$15</td>
<td align="center">$41</td>
<td align="center">$12</td>
<td align="center">($13)</td>
<td align="center">$2</td>
</tr>
<tr>
<td align="center">Jay Bruce</td>
<td align="center">Mets</td>
<td align="center">2</td>
<td align="center">$28</td>
<td align="center">$19</td>
<td align="center">$45</td>
<td align="center">$3</td>
<td align="center">($13)</td>
<td align="center">$2</td>
</tr>
<tr>
<td align="center">Chris Owings</td>
<td align="center">Dbacks</td>
<td align="center">1</td>
<td align="center">$4</td>
<td align="center">$5</td>
<td align="center">$16</td>
<td align="center">$1</td>
<td align="center">($1)</td>
<td align="center">$1</td>
</tr>
<tr>
<td align="center">T.J. McFarland</td>
<td align="center">Dbacks</td>
<td align="center">2</td>
<td align="center">$2</td>
<td align="center">$0</td>
<td align="center">$0</td>
<td align="center">$4</td>
<td align="center">($1)</td>
<td align="center">($0)</td>
</tr>
<tr>
<td align="center">Bobby Wahl</td>
<td align="center">Mets</td>
<td align="center">6</td>
<td align="center">$3</td>
<td align="center">$0</td>
<td align="center">$0</td>
<td align="center">$1</td>
<td align="center">($2)</td>
<td align="center">($1)</td>
</tr>
<tr>
<td align="center">Yoshihisa Hirano</td>
<td align="center">Dbacks</td>
<td align="center">1</td>
<td align="center">$3</td>
<td align="center">$1</td>
<td align="center">$2</td>
<td align="center">$7</td>
<td align="center">($2)</td>
<td align="center">($1)</td>
</tr>
<tr>
<td align="center">Dan Vogelbach</td>
<td align="center">Mariners</td>
<td align="center">6</td>
<td align="center">$0</td>
<td align="center">$0</td>
<td align="center">($2)</td>
<td align="center">$1</td>
<td align="center">($1)</td>
<td align="center">($1)</td>
</tr>
<tr>
<td align="center">Jake Barrett</td>
<td align="center">Dbacks</td>
<td align="center">5</td>
<td align="center">$4</td>
<td align="center">$0</td>
<td align="center">$0</td>
<td align="center">$2</td>
<td align="center">($3)</td>
<td align="center">($2)</td>
</tr>
<tr>
<td align="center">Miguel Castro</td>
<td align="center">Orioles</td>
<td align="center">4</td>
<td align="center">$3</td>
<td align="center">$0</td>
<td align="center">$1</td>
<td align="center">$0</td>
<td align="center">($2)</td>
<td align="center">($2)</td>
</tr>
<tr>
<td align="center">Donnie Hart</td>
<td align="center">Orioles</td>
<td align="center">4</td>
<td align="center">$3</td>
<td align="center">$0</td>
<td align="center">$1</td>
<td align="center">$0</td>
<td align="center">($2)</td>
<td align="center">($2)</td>
</tr>
<tr>
<td align="center">Josh Osich</td>
<td align="center">Giants</td>
<td align="center">4</td>
<td align="center">$3</td>
<td align="center">$0</td>
<td align="center">$1</td>
<td align="center">$0</td>
<td align="center">($2)</td>
<td align="center">($2)</td>
</tr>
<tr>
<td align="center">Richard Bleier</td>
<td align="center">Orioles</td>
<td align="center">4</td>
<td align="center">$3</td>
<td align="center">$0</td>
<td align="center">$0</td>
<td align="center">$0</td>
<td align="center">($3)</td>
<td align="center">($2)</td>
</tr>
<tr>
<td align="center">Mike Wright</td>
<td align="center">Orioles</td>
<td align="center">4</td>
<td align="center">$3</td>
<td align="center">$0</td>
<td align="center">$0</td>
<td align="center">$0</td>
<td align="center">($3)</td>
<td align="center">($2)</td>
</tr>
<tr>
<td align="center">Anthony Santander</td>
<td align="center">Orioles</td>
<td align="center">4</td>
<td align="center">$3</td>
<td align="center">$0</td>
<td align="center">$0</td>
<td align="center">$1</td>
<td align="center">($3)</td>
<td align="center">($2)</td>
</tr>
<tr>
<td align="center">Anthony Swarzak</td>
<td align="center">Mets</td>
<td align="center">1</td>
<td align="center">$9</td>
<td align="center">$6</td>
<td align="center">$17</td>
<td align="center">$6</td>
<td align="center">($5)</td>
<td align="center">($2)</td>
</tr>
<tr>
<td align="center">Socrates Brito</td>
<td align="center">Dbacks</td>
<td align="center">4</td>
<td align="center">$3</td>
<td align="center">$0</td>
<td align="center">$0</td>
<td align="center">$1</td>
<td align="center">($3)</td>
<td align="center">($2)</td>
</tr>
<tr>
<td align="center">Shelby Miller</td>
<td align="center">Dbacks</td>
<td align="center">1</td>
<td align="center">$6</td>
<td align="center">$2</td>
<td align="center">$10</td>
<td align="center">$4</td>
<td align="center">($4)</td>
<td align="center">($3)</td>
</tr>
<tr>
<td align="center">Andrew Cashner</td>
<td align="center">Orioles</td>
<td align="center">1</td>
<td align="center">$10</td>
<td align="center">$3</td>
<td align="center">$24</td>
<td align="center">$3</td>
<td align="center">($6)</td>
<td align="center">($3)</td>
</tr>
<tr>
<td align="center">Alex Avila</td>
<td align="center">Dbacks</td>
<td align="center">1</td>
<td align="center">$4</td>
<td align="center">$0</td>
<td align="center">$0</td>
<td align="center">$0</td>
<td align="center">($4)</td>
<td align="center">($4)</td>
</tr>
<tr>
<td align="center">Mark Trumbo</td>
<td align="center">Orioles</td>
<td align="center">1</td>
<td align="center">$14</td>
<td align="center">$7</td>
<td align="center">$21</td>
<td align="center">$11</td>
<td align="center">($9)</td>
<td align="center">($5)</td>
</tr>
<tr>
<td align="center">Felix Hernandez</td>
<td align="center">Mariners</td>
<td align="center">1</td>
<td align="center">$28</td>
<td align="center">$12</td>
<td align="center">$69</td>
<td align="center">$12</td>
<td align="center">($18)</td>
<td align="center">($7)</td>
</tr>
<tr>
<td align="center">Alex Cobb</td>
<td align="center">Orioles</td>
<td align="center">3</td>
<td align="center">$43</td>
<td align="center">$10</td>
<td align="center">$29</td>
<td align="center">$10</td>
<td align="center">($26)</td>
<td align="center">($10)</td>
</tr>
<tr>
<td align="center">Pablo Sandoval</td>
<td align="center">Giants</td>
<td align="center">2</td>
<td align="center">$24</td>
<td align="center">$0</td>
<td align="center">$0</td>
<td align="center">$0</td>
<td align="center">($23)</td>
<td align="center">($23)</td>
</tr>
<tr>
<td align="center">Chris Davis</td>
<td align="center">Orioles</td>
<td align="center">4</td>
<td align="center">$84</td>
<td align="center">$13</td>
<td align="center">$47</td>
<td align="center">$1</td>
<td align="center">($58)</td>
<td align="center">($31)</td>
</tr>
</tbody>
</table>
<p>If Arizona is indeed rebuilding, a trade for Zack Greinke would be quite intriguing (someone like Corey Ray would fall right between his &#8220;raw&#8221; contractual surplus and total performative surplus). What is interesting is how many bad contracts the Orioles have; one would expect a creative rebuild from that organization, as they have so few valuable MLB assets that simply making solid trades for prospects will not be a clear option (at least not yet). It is interesting to imagine the type of trade the Brewers could make by retrieving Alex Cobb&#8217;s or Chris Davis&#8217;s contract from Baltimore. The <a href="https://www.baseballprospectus.com/prospects/article/43612/2019-prospects-baltimore-orioles-top-10-prospects/">Orioles are rebuilding</a>, but their 2019 Top Prospect list indicates that there are nonetheless quite a few interesting players atop their farm system.</p>
<hr />
<p>&nbsp;</p>
<p>Finally, there is a group of very interesting trade targets that exist in a range of potentially cheaper prospect costs. I formed this group by looking at &#8220;raw&#8221; contractual surplus that would roughly cost an average prospect (50 Overall Future Potential), with total surplus that could range anywhere from average to impact prospect. One of the players on this list (Mike Zunino) has already been subject of a trade today:</p>
<table border="" width="" cellspacing="0" cellpadding="0">
<tbody>
<tr bgcolor="#EDF1F3">
<th align="center">Player</th>
<th align="center">Team</th>
<th align="center">Years</th>
<th align="center">Contract</th>
<th align="center">Blended Surplus</th>
<th align="center">High Surplus</th>
<th align="center">Immediate Surplus</th>
<th align="center">Raw</th>
<th align="center">Surplus</th>
</tr>
<tr>
<td align="center">Johnny Cueto</td>
<td align="center">Giants</td>
<td align="center">4</td>
<td align="center">$68.0</td>
<td align="center">$43.4</td>
<td align="center">$130.3</td>
<td align="center">$9.7</td>
<td align="center">$13.5</td>
<td align="center">$95.0</td>
</tr>
<tr>
<td align="center">Kyle Seager</td>
<td align="center">Mariners</td>
<td align="center">3</td>
<td align="center">$57.5</td>
<td align="center">$51.4</td>
<td align="center">$133.4</td>
<td align="center">$40.5</td>
<td align="center">$17.6</td>
<td align="center">$92.8</td>
</tr>
<tr>
<td align="center">Mike Leake</td>
<td align="center">Mariners</td>
<td align="center">3</td>
<td align="center">$36.0</td>
<td align="center">$31.9</td>
<td align="center">$76.7</td>
<td align="center">$38.2</td>
<td align="center">$12.9</td>
<td align="center">$61.9</td>
</tr>
<tr>
<td align="center">Nick Ahmed</td>
<td align="center">Dbacks</td>
<td align="center">2</td>
<td align="center">$5.5</td>
<td align="center">$12.1</td>
<td align="center">$30.7</td>
<td align="center">$70.8</td>
<td align="center">$19.7</td>
<td align="center">$45.0</td>
</tr>
<tr>
<td align="center">Jake Lamb</td>
<td align="center">Dbacks</td>
<td align="center">2</td>
<td align="center">$6.3</td>
<td align="center">$27.2</td>
<td align="center">$63.5</td>
<td align="center">$14.9</td>
<td align="center">$17.2</td>
<td align="center">$40.7</td>
</tr>
<tr>
<td align="center">Mike Zunino</td>
<td align="center">Mariners</td>
<td align="center">2</td>
<td align="center">$3.0</td>
<td align="center">$21.1</td>
<td align="center">$45.0</td>
<td align="center">$27.7</td>
<td align="center">$17.8</td>
<td align="center">$38.7</td>
</tr>
<tr>
<td align="center">Madison Bumgarner</td>
<td align="center">Giants</td>
<td align="center">1</td>
<td align="center">$12.0</td>
<td align="center">$51.7</td>
<td align="center">$134.4</td>
<td align="center">$26.5</td>
<td align="center">$11.6</td>
<td align="center">$35.2</td>
</tr>
<tr>
<td align="center">Jonathan Villar</td>
<td align="center">Orioles</td>
<td align="center">2</td>
<td align="center">$6.0</td>
<td align="center">$23.5</td>
<td align="center">$46.7</td>
<td align="center">$22.1</td>
<td align="center">$14.5</td>
<td align="center">$35.0</td>
</tr>
<tr>
<td align="center">Reyes Moronta</td>
<td align="center">Giants</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$2.9</td>
<td align="center">$11.0</td>
<td align="center">$28.8</td>
<td align="center">$15.9</td>
<td align="center">$34.9</td>
</tr>
<tr>
<td align="center">Ben Gamel</td>
<td align="center">Mariners</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$5.3</td>
<td align="center">$15.9</td>
<td align="center">$20.4</td>
<td align="center">$15.5</td>
<td align="center">$33.9</td>
</tr>
<tr>
<td align="center">Joe Panik</td>
<td align="center">Giants</td>
<td align="center">2</td>
<td align="center">$5.5</td>
<td align="center">$22.1</td>
<td align="center">$52.4</td>
<td align="center">$12.8</td>
<td align="center">$13.9</td>
<td align="center">$33.3</td>
</tr>
<tr>
<td align="center">Todd Frazier</td>
<td align="center">Mets</td>
<td align="center">1</td>
<td align="center">$9.0</td>
<td align="center">$33.8</td>
<td align="center">$80.4</td>
<td align="center">$65.1</td>
<td align="center">$10.9</td>
<td align="center">$30.8</td>
</tr>
<tr>
<td align="center">D.J. Stewart</td>
<td align="center">Orioles</td>
<td align="center">6</td>
<td align="center">$0.0</td>
<td align="center">$1.4</td>
<td align="center">$5.2</td>
<td align="center">$15.5</td>
<td align="center">$14.8</td>
<td align="center">$29.5</td>
</tr>
<tr>
<td align="center">Derek Law</td>
<td align="center">Giants</td>
<td align="center">6</td>
<td align="center">$0.0</td>
<td align="center">$5.3</td>
<td align="center">$11.3</td>
<td align="center">$4.0</td>
<td align="center">$13.8</td>
<td align="center">$27.5</td>
</tr>
<tr>
<td align="center">Zack Wheeler</td>
<td align="center">Mets</td>
<td align="center">1</td>
<td align="center">$5.5</td>
<td align="center">$11.7</td>
<td align="center">$34.8</td>
<td align="center">$101.4</td>
<td align="center">$10.9</td>
<td align="center">$27.4</td>
</tr>
<tr>
<td align="center">Dan Altavilla</td>
<td align="center">Mariners</td>
<td align="center">6</td>
<td align="center">$0.0</td>
<td align="center">$3.3</td>
<td align="center">$8.8</td>
<td align="center">$7.4</td>
<td align="center">$13.0</td>
<td align="center">$25.9</td>
</tr>
<tr>
<td align="center">Guillermo Heredia</td>
<td align="center">Mariners</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$6.0</td>
<td align="center">$15.4</td>
<td align="center">$9.9</td>
<td align="center">$10.9</td>
<td align="center">$24.8</td>
</tr>
<tr>
<td align="center">Paul Sewald</td>
<td align="center">Mets</td>
<td align="center">5</td>
<td align="center">$4.0</td>
<td align="center">$4.3</td>
<td align="center">$11.9</td>
<td align="center">$9.5</td>
<td align="center">$10.2</td>
<td align="center">$24.5</td>
</tr>
<tr>
<td align="center">Ray Black</td>
<td align="center">Giants</td>
<td align="center">6</td>
<td align="center">$0.0</td>
<td align="center">$1.2</td>
<td align="center">$4.3</td>
<td align="center">$12.8</td>
<td align="center">$12.2</td>
<td align="center">$24.4</td>
</tr>
<tr>
<td align="center">Steven Duggar</td>
<td align="center">Giants</td>
<td align="center">6</td>
<td align="center">$0.0</td>
<td align="center">$1.0</td>
<td align="center">$3.6</td>
<td align="center">$10.7</td>
<td align="center">$10.2</td>
<td align="center">$20.4</td>
</tr>
</tbody>
</table>
<p>Madison Bumgarner and Zack Wheeler are guys that jump off the page here for the &#8220;improve the starting rotation&#8221; types, and they are crucial examples of how tough it will be to price some veteran options. The range on Bumgarner&#8217;s value is quite extreme, and there is no way the Brewers would acquire the veteran southpaw close to his &#8220;low&#8221; price; so, the question would be whether one of the organizational impact prospects would be worth a player with quite a short-term contract horizon. Kyle Seager is another interesting trade candidate here, with a range that is almost impossible to decode into a useful prospect package: do you trade for elite Seager, or current Seager? What is the premium to be paid for his previously elite production?</p>
<p>Ironically, Jonathan Villar might be the Orioles&#8217; most interesting and best available trade asset.</p>
<hr />
<p>&nbsp;</p>
<p>In short, there are plenty of intriguing players that the Brewers could acquire via trade. This exercise has hopefully opened a few of the strategies available to the Brewers (such as making a huge splash trade with prospects, or &#8220;buying&#8221; a bad contract). Additionally, the importance of being honest about high costs should also be apparent: the Brewers cannot simply &#8220;add an ace&#8221; if they view players like Keston Hiura as a part of their future, or even Zack Brown, Jacob Nottingham, Corbin Burnes, Brice Turang, and Trey Supak for that matter. Yet, in the event that the Brewers make a large trade, the pay off must be accurately assessed, which is one benefit of using a range of surplus assumptions to look at the high and low value markers available in a trade. For example, viewing Christian Yelich&#8217;s &#8220;raw&#8221; contractual surplus and total performance surplus below should show why it was worthwhile to surrender the prospect haul that Yelich required; the Brewers could conceivably do the same with an impact player for 2019, so long as the continued diminishing profile of their top prospects is assessed. If the Brewers forego a huge trade in the offseason, they could pay dividends both in terms of MLB development (in the case of prospects like Hiura), role determination (in the case of players like Supak and Turang), and more realistic roster need assessment during the midseason trade deadline.</p>
<hr />
<p><em><strong>Surplus Assumptions</strong></em></p>
<p>To make it perfectly clear, here are my common surplus assumptions, with background <a href="http://milwaukee.locals.baseballprospectus.com/2017/01/05/translating-ofp/">here</a> and <a href="http://milwaukee.locals.baseballprospectus.com/2017/10/14/refining-warp-and-ofp-pricing/">here</a>:</p>
<ul>
<li>Teams receive surplus value by retaining production <em>and</em> a contract (or, &#8220;scarcity&#8221;). Value in the MLB can be defined as the on-the-field performance and the scarcity of that performance (which is thus controlled by contractual terms).</li>
</ul>
<ul>
<li>Surplus can be calculated in a &#8220;Raw&#8221; fashion, where the value of performance over time is simply assessed against contractual value; alternately, a &#8220;full&#8221; surplus assessment can be made by considering the future value on the field the club will receive, as well as the contractual hit they will take for employing that player.</li>
</ul>
<ul>
<li>Arbitration and league minimum &#8220;reserve&#8221; contracts produce extremely high value because teams can frequently cut those contracts without paying full price. This adds value beyond the stipulations stated above.</li>
</ul>
<ul>
<li>For this to work, MLB players, prospects, and cash must be translated to dollars. While this is an assumption that many do not like (opposing WARP/$ frameworks), I argue that the simple fact that teams trade prospects for MLB players, or cash, all the time demonstrates that these different asset classes can indeed be translated into a common currency.</li>
</ul>
<ul>
<li>This should <em>not</em> be viewed as the be-all, end-all of player valuation, simply because there are different developmental models across organizations that could result in alternative models based on organizational strengths; WARP itself is only one way to measure players; prospect risk is nearly impossible to uniformly quantify across one group of players, which necessarily means that almost any prospect valuation system will be incomplete. Additionally, player development cycles are quite long, meaning that the value a player could be expected to produce within the next three years is nowhere near the value that could be produced in a decade; this matters depending on a team&#8217;s resources and the player&#8217;s distance from the MLB (or MLB service time), among other factors.</li>
</ul>
<p>Here is one example of Overall Future Potential (OFP) pricing, based on a model that assesses all players in MLB history (to the point of that publication), and an update from 2017. These models will be further updated.</p>
<table border="" width="" cellspacing="0" cellpadding="0">
<tbody>
<tr bgcolor="#EDF1F3">
<th align="center">Prospect Class</th>
<th align="center">Historical Model (Risk)</th>
<th align="center">Historical Model (Ceiling)</th>
<th align="center">2013 Prospect Model (Risk)</th>
<th align="center">2013 Prospect Model (Ceiling)</th>
</tr>
<tr>
<td align="center">50 OFP</td>
<td align="center">$7.0M (40-50)</td>
<td align="center">$19.5M</td>
<td align="center">$18.1M</td>
<td align="center">$19.3M</td>
</tr>
<tr>
<td align="center">60 OFP</td>
<td align="center">$20.8M (40-60)</td>
<td align="center">$48.9M</td>
<td align="center">$25.0M</td>
<td align="center">$43.3M</td>
</tr>
<tr>
<td align="center">70 OFP</td>
<td align="center">$45.8M (50-75)</td>
<td align="center">$100.0M</td>
<td align="center">$45.7M</td>
<td align="center">$82.1M</td>
</tr>
</tbody>
</table>
<p>Based on these assumptions, here are the Brewers, including most of their players listed under contract at Cot&#8217;s Contracts, as well as a couple of their best advanced prospects (to compare prospect grading within the system). This article focuses on four calculations to produce surplus value:</p>
<ul>
<li>After depreciating production from 2014-2016, 2015-2017, and 2016-2018, those three figures are averaged to produce a &#8220;Blended Surplus.&#8221;</li>
<li>The largest of the depreciated production from 2014-2016, 2015-2017, and 2016-2018 forms the &#8220;High Surplus.&#8221;</li>
<li>&#8220;Immediate Surplus&#8221; takes a different look at production by simply using full 2018 performance and extrapolating it for three years. This is the equivalent of taking the most extreme view of immediate performance by a player.</li>
<li>&#8220;Raw Surplus&#8221; is calculated by subtracting the average of these three figures, prorated for each player&#8217;s remaining contract, from the player&#8217;s contract (options excluded).</li>
<li>&#8220;Surplus&#8221; is the final figure, adding the average of Blended, High, and Immediate surplus to the &#8220;Raw Surplus&#8221; contractual figure. This is equivalent to valuing a player&#8217;s on-field production separately from their contractual value.</li>
<li>The &#8220;Raw&#8221; figure is meant to demonstrate a &#8220;buy low&#8221; price, and the &#8220;Surplus&#8221; column is meant to demonstrate a &#8220;buy high&#8221; price, but obviously these figures are not exclusive; they merely seek to establish potential boundaries for a trade.</li>
</ul>
<p>&nbsp;</p>
<table border="" width="" cellspacing="0" cellpadding="0">
<tbody>
<tr bgcolor="#EDF1F3">
<th align="center">Brewers</th>
<th align="center">Years</th>
<th align="center">Contract</th>
<th align="center">Blended Surplus</th>
<th align="center">High Surplus</th>
<th align="center">Immediate Surplus</th>
<th align="center">Raw</th>
<th align="center">Surplus</th>
</tr>
<tr>
<td align="center">Christian Yelich</td>
<td align="center">4</td>
<td align="center">$37.5</td>
<td align="center">$48.2</td>
<td align="center">$111.4</td>
<td align="center">$161.3</td>
<td align="center">$105.1</td>
<td align="center">$247.7</td>
</tr>
<tr>
<td align="center">Lorenzo Cain</td>
<td align="center">4</td>
<td align="center">$66.0</td>
<td align="center">$48.5</td>
<td align="center">$101.8</td>
<td align="center">$121.4</td>
<td align="center">$54.7</td>
<td align="center">$175.4</td>
</tr>
<tr>
<td align="center">Travis Shaw</td>
<td align="center">3</td>
<td align="center">$6.5</td>
<td align="center">$26.5</td>
<td align="center">$73.5</td>
<td align="center">$97.2</td>
<td align="center">$59.2</td>
<td align="center">$125.0</td>
</tr>
<tr>
<td align="center">Jesus Aguilar</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$10.0</td>
<td align="center">$36.8</td>
<td align="center">$85.5</td>
<td align="center">$55.8</td>
<td align="center">$114.6</td>
</tr>
<tr>
<td align="center">Keston Hiura</td>
<td align="center">55 to 70 OFP</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">$34.2</td>
<td align="center">$82.1</td>
</tr>
<tr>
<td align="center">Josh Hader</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$7.5</td>
<td align="center">$26.5</td>
<td align="center">$57.5</td>
<td align="center">$37.7</td>
<td align="center">$78.4</td>
</tr>
<tr>
<td align="center">Corey Ray</td>
<td align="center">40/50 4th OF / 60 starting CF</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">$19.5</td>
<td align="center">$43.3</td>
</tr>
<tr>
<td align="center">Junior Guerra</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$6.7</td>
<td align="center">$16.9</td>
<td align="center">$27.1</td>
<td align="center">$19.5</td>
<td align="center">$42.1</td>
</tr>
<tr>
<td align="center">Manny Pina</td>
<td align="center">3</td>
<td align="center">$4.0</td>
<td align="center">$8.3</td>
<td align="center">$25.5</td>
<td align="center">$34.9</td>
<td align="center">$18.9</td>
<td align="center">$41.8</td>
</tr>
<tr>
<td align="center">Domingo Santana</td>
<td align="center">3</td>
<td align="center">$4.0</td>
<td align="center">$14.6</td>
<td align="center">$35.5</td>
<td align="center">$16.6</td>
<td align="center">$18.2</td>
<td align="center">$40.5</td>
</tr>
<tr>
<td align="center">Keon Broxton</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$8.9</td>
<td align="center">$22.1</td>
<td align="center">$17.4</td>
<td align="center">$18.5</td>
<td align="center">$40.0</td>
</tr>
<tr>
<td align="center">Orlando Arcia</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$10.8</td>
<td align="center">$27.8</td>
<td align="center">$8.0</td>
<td align="center">$17.7</td>
<td align="center">$38.4</td>
</tr>
<tr>
<td align="center">Ryan Braun</td>
<td align="center">3</td>
<td align="center">$40.0</td>
<td align="center">$28.6</td>
<td align="center">$61.5</td>
<td align="center">$27.1</td>
<td align="center">($0.9)</td>
<td align="center">$38.2</td>
</tr>
<tr>
<td align="center">Brandon Woodruff</td>
<td align="center">6</td>
<td align="center">$0.0</td>
<td align="center">$1.6</td>
<td align="center">$5.8</td>
<td align="center">$19.5</td>
<td align="center">$17.9</td>
<td align="center">$35.9</td>
</tr>
<tr>
<td align="center">Corey Knebel</td>
<td align="center">3</td>
<td align="center">$7.5</td>
<td align="center">$8.1</td>
<td align="center">$23.3</td>
<td align="center">$32.1</td>
<td align="center">$13.7</td>
<td align="center">$34.9</td>
</tr>
<tr>
<td align="center">Marcos Diplan</td>
<td align="center">40/50 rotation / 55 elite RP</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">$7.0</td>
<td align="center">$34.2</td>
</tr>
<tr>
<td align="center">Jacob Barnes</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$6.6</td>
<td align="center">$17.7</td>
<td align="center">$16.4</td>
<td align="center">$15.1</td>
<td align="center">$33.2</td>
</tr>
<tr>
<td align="center">Zach Davies</td>
<td align="center">3</td>
<td align="center">$4.5</td>
<td align="center">$14.0</td>
<td align="center">$30.2</td>
<td align="center">$10.1</td>
<td align="center">$13.6</td>
<td align="center">$31.7</td>
</tr>
<tr>
<td align="center">Corbin Burnes</td>
<td align="center">6</td>
<td align="center">$0.0</td>
<td align="center">$1.3</td>
<td align="center">$4.7</td>
<td align="center">$14.1</td>
<td align="center">$13.4</td>
<td align="center">$26.7</td>
</tr>
<tr>
<td align="center">Hernan Perez</td>
<td align="center">2</td>
<td align="center">$3.8</td>
<td align="center">$11.9</td>
<td align="center">$32.8</td>
<td align="center">$19.3</td>
<td align="center">$10.4</td>
<td align="center">$24.6</td>
</tr>
<tr>
<td align="center">Eric Thames</td>
<td align="center">2</td>
<td align="center">$7.0</td>
<td align="center">$9.5</td>
<td align="center">$27.7</td>
<td align="center">$29.4</td>
<td align="center">$7.8</td>
<td align="center">$22.6</td>
</tr>
<tr>
<td align="center">Mauricio Dubon</td>
<td align="center">40 / 50 quality depth</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">$7.0</td>
<td align="center">$19.5</td>
</tr>
<tr>
<td align="center">Tyler Saladino</td>
<td align="center">3</td>
<td align="center">$3.0</td>
<td align="center">$3.7</td>
<td align="center">$10.6</td>
<td align="center">$12.6</td>
<td align="center">$6.0</td>
<td align="center">$14.9</td>
</tr>
<tr>
<td align="center">Brent Suter</td>
<td align="center">5</td>
<td align="center">$4.0</td>
<td align="center">$2.0</td>
<td align="center">$5.7</td>
<td align="center">$6.7</td>
<td align="center">$4.0</td>
<td align="center">$12.1</td>
</tr>
<tr>
<td align="center">Jhoulys Chacin</td>
<td align="center">1</td>
<td align="center">$6.8</td>
<td align="center">$12.2</td>
<td align="center">$35.0</td>
<td align="center">$37.2</td>
<td align="center">$2.6</td>
<td align="center">$12.0</td>
</tr>
<tr>
<td align="center">Jonathan Schoop</td>
<td align="center">1</td>
<td align="center">$11.0</td>
<td align="center">$20.6</td>
<td align="center">$50.4</td>
<td align="center">$31.5</td>
<td align="center">$0.4</td>
<td align="center">$11.8</td>
</tr>
<tr>
<td align="center">Erik Kratz</td>
<td align="center">2</td>
<td align="center">$3.3</td>
<td align="center">$0.7</td>
<td align="center">$2.2</td>
<td align="center">$29.2</td>
<td align="center">$3.8</td>
<td align="center">$11.0</td>
</tr>
<tr>
<td align="center">Jeremy Jeffress</td>
<td align="center">1</td>
<td align="center">$3.1</td>
<td align="center">$4.5</td>
<td align="center">$12.3</td>
<td align="center">$42.6</td>
<td align="center">$3.5</td>
<td align="center">$10.1</td>
</tr>
<tr>
<td align="center">Jimmy Nelson</td>
<td align="center">2</td>
<td align="center">$4.7</td>
<td align="center">$7.9</td>
<td align="center">$23.7</td>
<td align="center">$0.5</td>
<td align="center">$2.4</td>
<td align="center">$9.6</td>
</tr>
<tr>
<td align="center">Xavier Cedeno</td>
<td align="center">1</td>
<td align="center">$2.0</td>
<td align="center">$8.0</td>
<td align="center">$18.0</td>
<td align="center">$20.4</td>
<td align="center">$3.2</td>
<td align="center">$8.3</td>
</tr>
<tr>
<td align="center">Taylor Williams</td>
<td align="center">4</td>
<td align="center">$3.0</td>
<td align="center">$0.8</td>
<td align="center">$2.9</td>
<td align="center">$7.6</td>
<td align="center">$2.0</td>
<td align="center">$7.0</td>
</tr>
<tr>
<td align="center">Aaron Wilkerson</td>
<td align="center">6</td>
<td align="center">$0.0</td>
<td align="center">$0.7</td>
<td align="center">$1.9</td>
<td align="center">$0.7</td>
<td align="center">$2.2</td>
<td align="center">$4.3</td>
</tr>
<tr>
<td align="center">Chase Anderson</td>
<td align="center">1</td>
<td align="center">$6.5</td>
<td align="center">$9.1</td>
<td align="center">$26.0</td>
<td align="center">$9.1</td>
<td align="center">($1.6)</td>
<td align="center">$3.3</td>
</tr>
<tr>
<td align="center">Freddy Peralta</td>
<td align="center">6</td>
<td align="center">$0.0</td>
<td align="center">$0.3</td>
<td align="center">$0.5</td>
<td align="center">$1.5</td>
<td align="center">$1.5</td>
<td align="center">$3.0</td>
</tr>
<tr>
<td align="center">Adrian Houser</td>
<td align="center">6</td>
<td align="center">$0.0</td>
<td align="center">$0.4</td>
<td align="center">$0.4</td>
<td align="center">$0.4</td>
<td align="center">$0.7</td>
<td align="center">$1.5</td>
</tr>
<tr>
<td align="center">Jacob Nottingham</td>
<td align="center">6</td>
<td align="center">$0.0</td>
<td align="center">$0.2</td>
<td align="center">$0.1</td>
<td align="center">$0.4</td>
<td align="center">$0.5</td>
<td align="center">$1.1</td>
</tr>
<tr>
<td align="center">Dan Jennings</td>
<td align="center">1</td>
<td align="center">$1.0</td>
<td align="center">$0.4</td>
<td align="center">$0.4</td>
<td align="center">$0.4</td>
<td align="center">($0.9)</td>
<td align="center">($0.8)</td>
</tr>
<tr>
<td align="center">Matt Albers</td>
<td align="center">1</td>
<td align="center">$2.5</td>
<td align="center">$0.4</td>
<td align="center">$0.4</td>
<td align="center">$0.4</td>
<td align="center">($2.4)</td>
<td align="center">($2.3)</td>
</tr>
</tbody>
</table>
]]></content:encoded>
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		<title>Tender Expectations</title>
		<link>http://milwaukee.locals.baseballprospectus.com/2018/11/05/tender-expectations/</link>
		<comments>http://milwaukee.locals.baseballprospectus.com/2018/11/05/tender-expectations/#comments</comments>
		<pubDate>Mon, 05 Nov 2018 13:45:12 +0000</pubDate>
		<dc:creator><![CDATA[Nicholas Zettel]]></dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[2018 Brewers]]></category>
		<category><![CDATA[2018-2019 Brewers offseason]]></category>
		<category><![CDATA[2019 Brewers]]></category>
		<category><![CDATA[Brewers analysis]]></category>
		<category><![CDATA[Brewers offseason]]></category>

		<guid isPermaLink="false">http://milwaukee.locals.baseballprospectus.com/?p=12892</guid>
		<description><![CDATA[The Brewers are entering uncharted territory as a franchise, and also as an Expanded Wild Card Era playoff team: Milwaukee will attempt to be the third 96+ win team to improve during their season following 96 wins and deep playoff run. Thus far, most analysis of the Brewers, and therefore most discussion of fan expectations, [&#8230;]]]></description>
				<content:encoded><![CDATA[<p>The Brewers are entering uncharted territory as a franchise, and also as an Expanded Wild Card Era playoff team: Milwaukee will attempt to be the third 96+ win team to improve during their season following 96 wins and deep playoff run. Thus far, most analysis of the Brewers, and therefore most discussion of fan expectations, focuses on &#8220;the Brewers were within one game of the World Series,&#8221; and therefore ignore how the club could regress during 2019. All focus is on the Brewers repeating as a top Senior Circuit club. Yet regression is not a death sentence to the five-year window with Lorenzo Cain and Christian Yelich that began in 2018: if the Brewers make the proper development decisions entering 2019, the club could conceivably take a step backwards in the smartest way possible to ensure a stronger core for the 2020-2022 seasons.</p>
<p><em><strong>Related Reading:</strong></em><br />
<a href="http://milwaukee.locals.baseballprospectus.com/2018/10/31/spending-expectations/">Spending Expectations</a><br />
<a href="http://milwaukee.locals.baseballprospectus.com/2018/10/29/free-agency-analysis-lhp-sp/">Free Agency Analysis: LHP SP</a></p>
<p>Simply in terms of statistics and historical records, though, the Brewers are also likely to fail to match their 2018 performance next year. Here&#8217;s how playoff teams in the Expanded Wild Card Era have fared with 96+ wins in their follow-up year, sorted by Follow-up Wins:</p>
<table border="" width="" cellspacing="0" cellpadding="0">
<tbody>
<tr bgcolor="#EDF1F3">
<th align="center">96+ Wins 2012-2017</th>
<th align="center">First Year Average W-L</th>
<th align="center">First Year Actual W-L</th>
<th align="center">First Year RS/RA</th>
<th align="center">First Year RS/RA Avg</th>
<th align="center">Next Year Actual W-L</th>
<th align="center">Next Year RS/RA</th>
<th align="center">TruePace (RS/RA)</th>
<th align="center">Win Pace</th>
</tr>
<tr>
<td align="center">2015Cubs</td>
<td align="center">90</td>
<td align="center">97</td>
<td align="center">89</td>
<td align="center">84</td>
<td align="center"><strong>103</strong></td>
<td align="center">106</td>
<td align="center">17</td>
<td align="center">6</td>
</tr>
<tr>
<td align="center">2017Astros</td>
<td align="center">106</td>
<td align="center">101</td>
<td align="center">101</td>
<td align="center">101</td>
<td align="center"><strong>103</strong></td>
<td align="center">109</td>
<td align="center">8</td>
<td align="center">2</td>
</tr>
<tr>
<td align="center">2017Dodgers</td>
<td align="center">102</td>
<td align="center">104</td>
<td align="center">100</td>
<td align="center">107</td>
<td align="center"><strong>92</strong></td>
<td align="center">102</td>
<td align="center">2</td>
<td align="center">-12</td>
</tr>
<tr>
<td align="center">2016Cubs</td>
<td align="center">111</td>
<td align="center">103</td>
<td align="center">106</td>
<td align="center">119</td>
<td align="center"><strong>92</strong></td>
<td align="center">93</td>
<td align="center">-13</td>
<td align="center">-11</td>
</tr>
<tr>
<td align="center">2017Cleveland</td>
<td align="center">91</td>
<td align="center">102</td>
<td align="center">106</td>
<td align="center">93</td>
<td align="center"><strong>91</strong></td>
<td align="center">98</td>
<td align="center">-8</td>
<td align="center">-11</td>
</tr>
<tr>
<td align="center">2012Reds</td>
<td align="center">91</td>
<td align="center">97</td>
<td align="center">89</td>
<td align="center">86</td>
<td align="center"><strong>90</strong></td>
<td align="center">93</td>
<td align="center">4</td>
<td align="center">-7</td>
</tr>
<tr>
<td align="center">2013Cardinals</td>
<td align="center">97</td>
<td align="center">97</td>
<td align="center">100</td>
<td align="center">101</td>
<td align="center"><strong>90</strong></td>
<td align="center">83</td>
<td align="center">-17</td>
<td align="center">-7</td>
</tr>
<tr>
<td align="center">2013Athletics</td>
<td align="center">93</td>
<td align="center">96</td>
<td align="center">95</td>
<td align="center">92</td>
<td align="center"><strong>88</strong></td>
<td align="center">99</td>
<td align="center">4</td>
<td align="center">-8</td>
</tr>
<tr>
<td align="center">2015Cardinals</td>
<td align="center">106</td>
<td align="center">100</td>
<td align="center">93</td>
<td align="center">100</td>
<td align="center"><strong>86</strong></td>
<td align="center">88</td>
<td align="center">-5</td>
<td align="center">-14</td>
</tr>
<tr>
<td align="center">2012Nationals</td>
<td align="center">101</td>
<td align="center">98</td>
<td align="center">95</td>
<td align="center">93</td>
<td align="center"><strong>86</strong></td>
<td align="center">84</td>
<td align="center">-11</td>
<td align="center">-12</td>
</tr>
<tr>
<td align="center">2014Angels</td>
<td align="center">89</td>
<td align="center">97</td>
<td align="center">95</td>
<td align="center">91</td>
<td align="center"><strong>85</strong></td>
<td align="center">79</td>
<td align="center">-16</td>
<td align="center">-12</td>
</tr>
<tr>
<td align="center">2014Nationals</td>
<td align="center">92</td>
<td align="center">96</td>
<td align="center">94</td>
<td align="center">92</td>
<td align="center"><strong>83</strong></td>
<td align="center">89</td>
<td align="center">-5</td>
<td align="center">-13</td>
</tr>
<tr>
<td align="center">2017Nationals</td>
<td align="center">101</td>
<td align="center">97</td>
<td align="center">96</td>
<td align="center">98</td>
<td align="center"><strong>82</strong></td>
<td align="center">90</td>
<td align="center">-6</td>
<td align="center">-15</td>
</tr>
<tr>
<td align="center">2014Orioles</td>
<td align="center">87</td>
<td align="center">96</td>
<td align="center">92</td>
<td align="center">83</td>
<td align="center"><strong>81</strong></td>
<td align="center">83</td>
<td align="center">-9</td>
<td align="center">-15</td>
</tr>
<tr>
<td align="center">2013Atlanta</td>
<td align="center">101</td>
<td align="center">96</td>
<td align="center">95</td>
<td align="center">99</td>
<td align="center"><strong>79</strong></td>
<td align="center">78</td>
<td align="center">-17</td>
<td align="center">-17</td>
</tr>
<tr>
<td align="center">2015Pirates</td>
<td align="center">88</td>
<td align="center">98</td>
<td align="center">91</td>
<td align="center">89</td>
<td align="center"><strong>78</strong></td>
<td align="center">78</td>
<td align="center">-13</td>
<td align="center">-20</td>
</tr>
<tr>
<td align="center">2013RedSox</td>
<td align="center">100</td>
<td align="center">97</td>
<td align="center">100</td>
<td align="center">101</td>
<td align="center"><strong>71</strong></td>
<td align="center">72</td>
<td align="center">-28</td>
<td align="center">-26</td>
</tr>
</tbody>
</table>
<p>Some notes:</p>
<ul>
<li>In 12 of 17 cases, the &#8220;follow-up&#8221; to the 96+ win playoff season featured a better Run Differential progression than Win-Loss progression. This could be an easy fate for the 2019 Brewers, given that the 2018 Brewers outplayed their Runs Scored / Runs Allowed in resounding fashion: the Brewers in 2019 could easily become a 92 or 93 win run differential team that neverthless only cracks 88 to 90 wins on the field.</li>
</ul>
<ul>
<li>The Brewers are comparable to the 2015 Cubs, which is interesting because those Cubs were the outcome of a &#8220;tanking&#8221; / scorched-earth rebuild that required multiple years of building, while the 2018 Brewers required no such rebuild. Those Cubs featured a young emerging core of Javier Baez, Addison Russell, Kris Bryant, Kyle Schwarber, and others, while these Brewers featured a decidedly ragtag gang of free agents, trade acquisitions, and advanced minors chumps who rode their strengths to excellent team success (overcoming a veritable book of scouting weaknesses). There is no Bryant / Russell / Baez core for the Brewers; there might not even be a prospect as good as Javier Baez from the 2018 Brewers. Yet here we are: those 2015 Cubs were not a juggernaut, instead averaging an 84-win run differential and surging after the All-Star Break, which is rather similar to the 2018 Brewers&#8217; mediocre underlying performance and white hot September.</li>
</ul>
<ul>
<li>Perhaps the most compelling comparison is the 2014 Orioles, who (like the Brewers) posted mediocre run differential totals early in the season but contended thanks to an extended late season surge. The 2014 Orioles were in the midst of an excellent five year contending run that included three playoff appearances (including a League Championship Series exit in 2014). These Orioles were also quite similar to the Brewers insofar as they strung together elite pitching performances out of their bullpen and an unsung rotation, while also keeping a relative hodge-podge of different player development cycles in their batting order (ranging from young Manny Machado and Jonathan Schoop to aging Nick Markakis, Steve Pearce, and Nelson Cruz.</li>
</ul>
<ul>
<li>Trends exhibited by the Nationals, Reds, Red Sox, and Cardinals should underscore the up-and-down, uneven quality of the current era of baseball. Stated simply, being a near-100 win season in one season is nothing close to a guarantee that a roster core will even be a playoff contender the next season, especially as teams lean on young roster cores to define their success &#8220;out of nowhere&#8221; (such as 2018 Athletics, or 2017 Rockies and Twins). The median win total among these 96+ win behemoths is 86, in the following season.</li>
</ul>
<p>&nbsp;</p>
<hr />
<p>&nbsp;</p>
<p>How will the Brewers overcome these trends? Or, if the Brewers <em>do</em> take a step backwards, how will that be defined as a success for 2020 and onward? Given the state of the Brewers roster and organizational depth, the answer to both questions is the same: the Brewers&#8217; success will largely be defined either by establishing MLB roles for Keston Hiura, Corbin Burnes, Brandon Woodruff, Freddy Peralta, Jacob Nottingham, and other prospects, or else netting elite talent in a trade return (especially involving Hiura, who should not be traded but for returning surefire MLB production). Prospect development at the MLB level should be a significant portion of the story for the 2019 Brewers, regardless of whether those newcomers help bolster a playoff club or whether the club fails to defend their NL Central crown but establishes future roles for the players.</p>
<p>Additionally, the Brewers can continue to define themselves as a club &#8220;on the margins&#8221; by providing the proper salary arbitration deals; for example, the club already accomplished this cutthroat mission by designating injured veteran catcher Stephen Vogt, rather than allocating a couple million of payroll dollars on a gamble that he returns to his bat-first profile behind the dish. As demonstrated below, Vogt&#8217;s contract and production history would yield nothing more than a 45 Overall Future Potential (OFP) asset via trade (i.e., basically an organizational depth player with an MLB floor), and at an estimated cost of nearly $4 million (via Cot&#8217;s Contracts), it is clear that the Brewers could readily fill that organizational depth function with that amount of money while also potentially pursuing additional upside. This is a crucial source of value because (unfortunately for players) salary arbitration offers the Brewers a chance to &#8220;freely&#8221; cut a player if they do not wish to enter salary arbitration process; <a href="http://milwaukee.locals.baseballprospectus.com/2018/10/31/spending-expectations/">depending on how tight the club&#8217;s revenue and payroll scenarios are</a>, rampant non-tenders could be a great opportunity to expand resources for improving the club.</p>
<hr />
<p>&nbsp;</p>
<p>The table below demonstrates the Average Surplus of the Brewers&#8217; salary arbitration deals. The ideal of Surplus is defined with value including both production (&#8220;pure&#8221; performance in the field) <em>and</em> scarcity (how readily available that production is, in other words how expensive that production is). Unlike previous models of Surplus Value I&#8217;ve published, this year I&#8217;m using multiple ranges of three-year performances (2014-2016, 2015-2017, and 2016-2018) to produce estimates, while also including contract estimates that are &#8220;depreciated&#8221; and &#8220;highest possible value.&#8221; A depreciated contract detracts from previous performance, expecting that a player&#8217;s performance will decline over time, while a highest possible value contract places a premium on the most recent performance (the best example here would be someone like Patrick Corbin, who would probably get his best contract based on who places the highest value on 2018 <em>and</em> assumes that performance can be replicated). [<a href="http://milwaukee.locals.baseballprospectus.com/2017/11/03/free-agency-i-the-stage/">Last year&#8217;s rankings are here</a>].</p>
<ul>
<li>Estimate: Cot&#8217;s Contracts arbitration estimate.</li>
<li>Arbitration Year: Demonstrates a player&#8217;s specific point in the arbitration process (which is typically three years long, but can in some cases last four years with the most advanced service time players).</li>
<li>HarmonicOne: This is a one-year contract estimate that takes the harmonic mean between a player&#8217;s harshest depreciated performance <em>and</em> their fullest current performance valuation.</li>
<li>Maximum: This is a one-year contract estimate that uses a player&#8217;s fullest current performance valuation.</li>
<li>Minimum: This is a one-year contract estimate that uses a player&#8217;s harshest past performance depreciation.</li>
<li>Average Surplus: This figure weighs the average of the three contract estimates against the salary arbitration estimate, while also recognizing that a team will benefit from the player&#8217;s production both in controlling the production contractually <em>and</em> receiving the production on the field. [Average of HarmonicOne / Maximum / Minimum] &#8211; [Arbitration Estimate] + [Average of HarmonicOne / Maximum / Minimum], or, [Scarcity &#8211; Contract + Production].</li>
<li>OFP: This is the <a href="http://milwaukee.locals.baseballprospectus.com/2017/01/05/translating-ofp/">historical equivalent Overall Future Potential</a> grade that relates to the player&#8217;s Average Surplus  (<a href="http://milwaukee.locals.baseballprospectus.com/2017/10/14/refining-warp-and-ofp-pricing/">more here</a>). Essentially, this estimates the type of prospect the Brewers might expect in return if another team values each player in a similar manner.</li>
</ul>
<p>&nbsp;</p>
<table border="" width="" cellspacing="0" cellpadding="0">
<tbody>
<tr bgcolor="#EDF1F3">
<th align="center">Player</th>
<th align="center">Position</th>
<th align="center">Estimate ($M)</th>
<th align="center">Arbitration Year</th>
<th align="center">HarmonicOne</th>
<th align="center">Maximum</th>
<th align="center">Minimum</th>
<th align="center">Average Surplus</th>
<th align="center">OFP</th>
</tr>
<tr>
<td align="center">Travis Shaw</td>
<td align="center">IF</td>
<td align="center">$4.5</td>
<td align="center">A1</td>
<td align="center">$13.0</td>
<td align="center">$24.5</td>
<td align="center">$8.8</td>
<td align="center">$26.4</td>
<td align="center">50-60</td>
</tr>
<tr>
<td align="center">Domingo Santana</td>
<td align="center">OF</td>
<td align="center">$2.0</td>
<td align="center">A1</td>
<td align="center">$6.9</td>
<td align="center">$11.8</td>
<td align="center">$4.9</td>
<td align="center">$13.7</td>
<td align="center">45-50</td>
</tr>
<tr>
<td align="center">Zach Davies</td>
<td align="center">Pitcher</td>
<td align="center">$2.5</td>
<td align="center">A1</td>
<td align="center">$6.4</td>
<td align="center">$10.1</td>
<td align="center">$4.7</td>
<td align="center">$11.6</td>
<td align="center">45-50</td>
</tr>
<tr>
<td align="center">Jonathan Schoop</td>
<td align="center">IF</td>
<td align="center">$11.0</td>
<td align="center">A3</td>
<td align="center">$9.7</td>
<td align="center">$16.8</td>
<td align="center">$6.9</td>
<td align="center">$11.3</td>
<td align="center">45-50</td>
</tr>
<tr>
<td align="center">Hernan Perez</td>
<td align="center">IF</td>
<td align="center">$2.8</td>
<td align="center">A2</td>
<td align="center">$5.8</td>
<td align="center">$10.9</td>
<td align="center">$4.0</td>
<td align="center">$11.0</td>
<td align="center">45-50</td>
</tr>
<tr>
<td align="center">Manny Pina</td>
<td align="center">C</td>
<td align="center">$2.0</td>
<td align="center">A1</td>
<td align="center">$4.2</td>
<td align="center">$8.5</td>
<td align="center">$2.8</td>
<td align="center">$8.3</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Stephen Vogt</td>
<td align="center">C</td>
<td align="center">$3.8</td>
<td align="center">A3</td>
<td align="center">$4.2</td>
<td align="center">$8.3</td>
<td align="center">$2.8</td>
<td align="center">$6.5</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Xavier Cedeno</td>
<td align="center">Pitcher</td>
<td align="center">$2.0</td>
<td align="center">A3</td>
<td align="center">$3.7</td>
<td align="center">$6.0</td>
<td align="center">$2.7</td>
<td align="center">$6.3</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Jimmy Nelson</td>
<td align="center">Pitcher</td>
<td align="center">$3.7</td>
<td align="center">A2</td>
<td align="center">$4.0</td>
<td align="center">$7.9</td>
<td align="center">$2.6</td>
<td align="center">$6.0</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Corey Knebel</td>
<td align="center">Pitcher</td>
<td align="center">$5.5</td>
<td align="center">A2</td>
<td align="center">$4.0</td>
<td align="center">$7.8</td>
<td align="center">$2.7</td>
<td align="center">$4.2</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Tyler Saladino</td>
<td align="center">IF</td>
<td align="center">$1.0</td>
<td align="center">A1</td>
<td align="center">$1.8</td>
<td align="center">$3.5</td>
<td align="center">$1.2</td>
<td align="center">$3.4</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Dan Jennings</td>
<td align="center">Pitcher</td>
<td align="center">$1.0</td>
<td align="center">A4</td>
<td align="center">$0.1</td>
<td align="center">$0.1</td>
<td align="center">$0.1</td>
<td align="center">-$0.8</td>
<td align="center">40</td>
</tr>
<tr>
<td align="center">Erik Kratz</td>
<td align="center">C</td>
<td align="center">$2.3</td>
<td align="center">A3</td>
<td align="center">$0.4</td>
<td align="center">$0.7</td>
<td align="center">$0.2</td>
<td align="center">-$1.3</td>
<td align="center">40</td>
</tr>
</tbody>
</table>
<p>This table should demonstrate several important roster decisions:</p>
<ul>
<li>First, it is clear that there are several Brewers players that do not have Wins Above Replacement (WARP) histories that match their value. This is especially true in the case of Hernan Perez, whose <a href="http://milwaukee.locals.baseballprospectus.com/2018/08/17/valuing-hernan-perez/">scarce defensive flexibility</a> is probably worth significantly more than WARP estimates, and Erik Kratz, whose glove-first profile at catcher could be crucial to helping Brewers pitchers without phenomenal stuff &#8220;play up&#8221; in terms of production. Corey Knebel is obviously valued much higher than WARP based on his stuff and high leverage relief profile. So, this surplus value model is not definitive, it should only be viewed as a starting point.</li>
</ul>
<ul>
<li>Players like Domingo Santana and Zach Davies have unclear production roles <em>and</em> unclear trade value. This probably explains why Santana was not traded last offseason, despite fans&#8217; perception of a &#8220;clear&#8221; need for starting pitching and Santana&#8217;s &#8220;odd man out&#8221; status in a packed outfield; but other clubs probably do not value Santana beyond surrendering a rotation depth / organizational depth arm, and it is understandable why the Brewers would not accept that. It&#8217;s likely players like Santana and Davies &#8220;play out&#8221; their roles in Milwaukee, rather than being subjects of trade.</li>
</ul>
<ul>
<li>Stephen Vogt is obviously not under contract any longer, but I included Vogt for two reasons. First, including Vogt&#8217;s Surplus estimate should show the type of range of contract that may be released by the Brewers. Second, Vogt&#8217;s estimate is included above to gauge what a potential contract value might be in case he is retained in some other manner (such as a minor league deal with an MLB guaranteed rate). A $1.4 million investment in Vogt, for example, would provide ample surplus value for the Brewers retaining the veteran within the organization.</li>
</ul>
<ul>
<li>Jonathan Schoop&#8217;s past production <em>really </em>drives any model of his contract value; Schoop is likely a non-tender candidate if his salary expands to $11 million, but it should be noted that if there is any expectations for the slugger to reclaim anything resembling his previous performance level, the Brewers could make a contract offer.</li>
</ul>
<ul>
<li>Travis Shaw is an absurdly valuable player to the Brewers, and in fact is probably more important than any player on the club short of Cain and Yelich (below is a sampling of the surplus value for much of the remaining roster, for comparison).</li>
</ul>
<table border="" width="" cellspacing="0" cellpadding="0">
<tbody>
<tr bgcolor="#EDF1F3">
<th align="center">Brewers</th>
<th align="center">2019 Contract ($M)</th>
<th align="center">Contract</th>
<th align="center">HarmonicOne</th>
<th align="center">Maximum</th>
<th align="center">Minimum</th>
<th align="center">Surplus</th>
<th align="center">OFP</th>
</tr>
<tr>
<td align="center">Christian Yelich</td>
<td align="center">$9.8</td>
<td align="center">Guaranteed</td>
<td align="center">$22.4</td>
<td align="center">$37.1</td>
<td align="center">$16.1</td>
<td align="center">$40.7</td>
<td align="center">70+</td>
</tr>
<tr>
<td align="center">Lorenzo Cain</td>
<td align="center">$15.0</td>
<td align="center">Guaranteed</td>
<td align="center">$21.9</td>
<td align="center">$33.9</td>
<td align="center">$16.2</td>
<td align="center">$33.0</td>
<td align="center">60+</td>
</tr>
<tr>
<td align="center">Travis Shaw</td>
<td align="center">$4.5</td>
<td align="center">A1</td>
<td align="center">$13.0</td>
<td align="center">$24.5</td>
<td align="center">$8.8</td>
<td align="center">$26.4</td>
<td align="center">50-60</td>
</tr>
<tr>
<td align="center">Jesus Aguilar</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">$5.2</td>
<td align="center">$12.3</td>
<td align="center">$3.3</td>
<td align="center">$13.9</td>
<td align="center">45-50</td>
</tr>
<tr>
<td align="center">Domingo Santana</td>
<td align="center">$2.0</td>
<td align="center">A1</td>
<td align="center">$6.9</td>
<td align="center">$11.8</td>
<td align="center">$4.9</td>
<td align="center">$13.7</td>
<td align="center">45-50</td>
</tr>
<tr>
<td align="center">Orlando Arcia</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">$5.2</td>
<td align="center">$9.3</td>
<td align="center">$3.6</td>
<td align="center">$12.0</td>
<td align="center">45-50</td>
</tr>
<tr>
<td align="center">Zach Davies</td>
<td align="center">$2.5</td>
<td align="center">A1</td>
<td align="center">$6.4</td>
<td align="center">$10.1</td>
<td align="center">$4.7</td>
<td align="center">$11.6</td>
<td align="center">45-50</td>
</tr>
<tr>
<td align="center">Jonathan Schoop</td>
<td align="center">$11.0</td>
<td align="center">A3</td>
<td align="center">$9.7</td>
<td align="center">$16.8</td>
<td align="center">$6.9</td>
<td align="center">$11.3</td>
<td align="center">45-50</td>
</tr>
<tr>
<td align="center">Hernan Perez</td>
<td align="center">$2.8</td>
<td align="center">A2</td>
<td align="center">$5.8</td>
<td align="center">$10.9</td>
<td align="center">$4.0</td>
<td align="center">$11.0</td>
<td align="center">45-50</td>
</tr>
<tr>
<td align="center">Mauricio Dubon</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">$11.0</td>
<td align="center">45-50</td>
</tr>
<tr>
<td align="center">Marcos Diplan</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">$11.0</td>
<td align="center">45-50</td>
</tr>
<tr>
<td align="center">Josh Hader</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">$3.9</td>
<td align="center">$8.8</td>
<td align="center">$2.5</td>
<td align="center">$10.1</td>
<td align="center">45-50</td>
</tr>
<tr>
<td align="center">Ryan Braun</td>
<td align="center">$19.0</td>
<td align="center">Guaranteed</td>
<td align="center">$13.0</td>
<td align="center">$20.5</td>
<td align="center">$9.5</td>
<td align="center">$9.7</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Keon Broxton</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">$4.2</td>
<td align="center">$7.4</td>
<td align="center">$3.0</td>
<td align="center">$9.7</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Manny Pina</td>
<td align="center">$2.0</td>
<td align="center">A1</td>
<td align="center">$4.2</td>
<td align="center">$8.5</td>
<td align="center">$2.8</td>
<td align="center">$8.3</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Jhoulys Chacin</td>
<td align="center">$6.8</td>
<td align="center">Guaranteed</td>
<td align="center">$6.0</td>
<td align="center">$11.7</td>
<td align="center">$4.1</td>
<td align="center">$7.8</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Jacob Barnes</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">$3.2</td>
<td align="center">$5.9</td>
<td align="center">$2.2</td>
<td align="center">$7.6</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Junior Guerra</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">$3.2</td>
<td align="center">$5.6</td>
<td align="center">$2.2</td>
<td align="center">$7.4</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Xavier Cedeno</td>
<td align="center">$2.0</td>
<td align="center">A3</td>
<td align="center">$3.7</td>
<td align="center">$6.0</td>
<td align="center">$2.7</td>
<td align="center">$6.3</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Jimmy Nelson</td>
<td align="center">$3.7</td>
<td align="center">A2</td>
<td align="center">$4.0</td>
<td align="center">$7.9</td>
<td align="center">$2.6</td>
<td align="center">$6.0</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Eric Thames</td>
<td align="center">$6.5</td>
<td align="center">Guaranteed</td>
<td align="center">$4.7</td>
<td align="center">$9.2</td>
<td align="center">$3.2</td>
<td align="center">$4.9</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Chase Anderson</td>
<td align="center">$6.5</td>
<td align="center">Guaranteed</td>
<td align="center">$4.5</td>
<td align="center">$8.7</td>
<td align="center">$3.0</td>
<td align="center">$4.3</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Corey Knebel</td>
<td align="center">$5.5</td>
<td align="center">A2</td>
<td align="center">$4.0</td>
<td align="center">$7.8</td>
<td align="center">$2.7</td>
<td align="center">$4.2</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Tyler Saladino</td>
<td align="center">$1.0</td>
<td align="center">A1</td>
<td align="center">$1.8</td>
<td align="center">$3.5</td>
<td align="center">$1.2</td>
<td align="center">$3.4</td>
<td align="center">45+</td>
</tr>
<tr>
<td align="center">Brent Suter</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">$1.0</td>
<td align="center">$1.9</td>
<td align="center">$0.7</td>
<td align="center">$2.4</td>
<td align="center">40+</td>
</tr>
<tr>
<td align="center">Brandon Woodruff</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">$0.8</td>
<td align="center">$1.9</td>
<td align="center">$0.5</td>
<td align="center">$2.2</td>
<td align="center">40+</td>
</tr>
<tr>
<td align="center">Corbin Burnes</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">$0.7</td>
<td align="center">$1.6</td>
<td align="center">$0.4</td>
<td align="center">$1.8</td>
<td align="center">40+</td>
</tr>
<tr>
<td align="center">Tyrone Taylor</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">$1.5</td>
<td align="center">40-45</td>
</tr>
<tr>
<td align="center">Taylor Williams</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">$0.4</td>
<td align="center">$1.0</td>
<td align="center">$0.3</td>
<td align="center">$1.1</td>
<td align="center">40+</td>
</tr>
<tr>
<td align="center">Aaron Wilkerson</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">$0.3</td>
<td align="center">$0.6</td>
<td align="center">$0.2</td>
<td align="center">$0.8</td>
<td align="center">40+</td>
</tr>
<tr>
<td align="center">Freddy Peralta</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">$0.1</td>
<td align="center">$0.2</td>
<td align="center">$0.1</td>
<td align="center">$0.3</td>
<td align="center">40+</td>
</tr>
<tr>
<td align="center">Adrian Houser</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">$0.1</td>
<td align="center">$0.1</td>
<td align="center">$0.1</td>
<td align="center">$0.2</td>
<td align="center">40+</td>
</tr>
<tr>
<td align="center">Jacob Nottingham</td>
<td align="center">$0.0</td>
<td align="center">Reserved</td>
<td align="center">$0.1</td>
<td align="center">$0.0</td>
<td align="center">$0.1</td>
<td align="center">$0.1</td>
<td align="center">40+</td>
</tr>
<tr>
<td align="center">Dan Jennings</td>
<td align="center">$1.0</td>
<td align="center">A4</td>
<td align="center">$0.1</td>
<td align="center">$0.1</td>
<td align="center">$0.1</td>
<td align="center">-$0.8</td>
<td align="center">40</td>
</tr>
<tr>
<td align="center">Erik Kratz</td>
<td align="center">$2.3</td>
<td align="center">A3</td>
<td align="center">$0.4</td>
<td align="center">$0.7</td>
<td align="center">$0.2</td>
<td align="center">-$1.3</td>
<td align="center">40</td>
</tr>
<tr>
<td align="center">Matt Albers</td>
<td align="center">$2.5</td>
<td align="center">Guaranteed</td>
<td align="center">$0.1</td>
<td align="center">$0.1</td>
<td align="center">$0.1</td>
<td align="center">-$2.3</td>
<td align="center">40+</td>
</tr>
</tbody>
</table>
<p>What is difficult about assessing the Brewers roster for 2019 is that the club is void of many obvious trade candidates. For example, in cases like Schoop, Chase Anderson, and Eric Thames, the club would almost certainly be selling low and thus limit themselves to seeking a &#8220;diamond in the rough&#8221; of an organizational depth trade return (such as a reliever or starting pitcher that could be rehabbed, or a utility-type profile like Hernan Perez that could &#8220;play up&#8221; in Milwaukee&#8217;s defensive system). Here the importance of making proper development decisions for the likes of Burnes, Peralta, Nottingham, and other prospects comes into focus, as it should be evident that the Brewers do not have many roster assets that could yield talent that would be obvious improvements above their depth prospects (or primary ones, at that). Milwaukee&#8217;s crossroads for the 2019 offseason will be combining those proper development decisions with payroll freed at the margins of the roster to seek at least one impact free agency contract.</p>
<hr />
<p>&nbsp;</p>
<p>Thus, it is true that GM David Stearns could non-tender much of the club to refine the roster, and non-tenders in bulk might be expected as a way to accumulate impact cash: this is one route to an attempt at beating the recent record of excellent playoff clubs, and ensuring that Milwaukee does not have a playoff hangover. Yet making proper prospect development decisions will ensure that even if the Brewers do not reach the playoffs in 2019, it won&#8217;t be anything more than a small blemish, a chance to reload, within the five-year window opened last offseason.</p>
]]></content:encoded>
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		<title>Weighing Schoop in 2019</title>
		<link>http://milwaukee.locals.baseballprospectus.com/2018/11/05/weighing-schoop-in-2019/</link>
		<comments>http://milwaukee.locals.baseballprospectus.com/2018/11/05/weighing-schoop-in-2019/#comments</comments>
		<pubDate>Mon, 05 Nov 2018 13:02:11 +0000</pubDate>
		<dc:creator><![CDATA[Andrew Salzman]]></dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[2018 Brewers]]></category>
		<category><![CDATA[2018 Brewers analysis]]></category>
		<category><![CDATA[2019 Brewers]]></category>
		<category><![CDATA[2019 Brewers analysis]]></category>
		<category><![CDATA[Ian Kinsler]]></category>
		<category><![CDATA[Jonathan Schoop]]></category>
		<category><![CDATA[Keston Hiura]]></category>
		<category><![CDATA[Mauricio Dubon]]></category>
		<category><![CDATA[Tyler Saladino]]></category>

		<guid isPermaLink="false">http://milwaukee.locals.baseballprospectus.com/?p=12923</guid>
		<description><![CDATA[The deadline acquisition of Jonathan Schoop was not met with great excitement by the Brewers fanbase. Neither his regular season .202 batting average /.246 on-base percentage /.331 slugging percentage slash line, nor his 0-8 postseason batting line, further endeared him to already resistant fans. Schoop’s anemic performance at the plate led to increased playing time [&#8230;]]]></description>
				<content:encoded><![CDATA[<p>The deadline acquisition of Jonathan Schoop was not met with <a href="http://milwaukee.locals.baseballprospectus.com/2018/08/09/jonathan-schoop-is-a-bad-fit/">great excitement</a> by the Brewers fanbase. Neither his regular season .202 batting average /.246 on-base percentage /.331 slugging percentage slash line, nor his 0-8 postseason batting line, further endeared him to already resistant fans. Schoop’s anemic performance at the plate led to increased playing time at second base Travis Shaw. With Mike Moustakas a free agent, Shaw profiles to slide back to third, leaving second base as Schoop’s for the taking … if the Brewers tender him a contract for the 2019 season.</p>
<p>A quick <a href="http://m.mlb.com/glossary/transactions/non-tendered">recap</a> on roster rules: the non-tender deadline this offseason is November 30. By that date, teams have to offer a contract to all players on the 40-man roster with fewer than six years of service time. If the team does not offer a contract to a player, then he becomes a free agent. Because Jonathan Schoop has 5.027 years of Major League <a href="https://legacy.baseballprospectus.com/compensation/cots/national-league-central/milwaukee-brewers/">service time</a> and has not signed any extension, the Brewers have until November 30 to decide if they want to retain him for next season.</p>
<p>Jonathon Schoop is the <a href="https://www.baseball-reference.com/play-index/season_finder.cgi?request=1&amp;sum=1&amp;as=result_batter&amp;offset=0&amp;type=b&amp;min_year_season=1871&amp;max_year_season=2018&amp;min_season=1&amp;max_season=-1&amp;min_age=0&amp;max_age=26&amp;lg_ID=lgAny&amp;lgAL_team=tmAny&amp;lgNL_team=tmAny&amp;lgFL_team=tmAny&amp;lgAA_team=tmAny&amp;lgPL_team=tmAny&amp;lgUA_team=tmAny&amp;lgNA_team=tmAny&amp;isActive=either&amp;isHOF=either&amp;isAllstar=either&amp;bats=any&amp;throws=any&amp;exactness=anymarked&amp;pos_4=1&amp;games_min_max=min&amp;games_prop=50&amp;qualifiersSeason=nomin&amp;minpasValS=502&amp;mingamesValS=100&amp;qualifiersCareer=nomin&amp;minpasValC=3000&amp;mingamesValC=1000&amp;c1criteria=HR&amp;c1gtlt=gt&amp;c1val=110&amp;c2gtlt=gt&amp;c3gtlt=gt&amp;c4gtlt=gt&amp;c5gtlt=gt&amp;c5val=1.0&amp;location=pob&amp;locationMatch=is&amp;orderby=HR&amp;number_matched=1">greatest</a> young power hitting second baseman of all time. There’s a lot to unpack there, but if we wanted to measure by players twenty-six and under who have played at least fifty percent of their games at second base, he’s hit the most home runs. However, impressive raw home run totals don’t necessarily mean a player is a <a href="https://legacy.baseballprospectus.com/card/70613/joey-gallo">star</a>; even with that fun fact to his name, Schoop’s bat completely fell apart in 2018 after showing so much promise in 2017.</p>
<p>As a twenty-five year old second basemen in 2017, Schoop had a .280 True Average (TAv) and produced 37.6 Value Over Replacement Player (VORP), which estimates the number of runs Schoop produced beyond a freely available minor league replacement. <a href="https://legacy.baseballprospectus.com/card/66391/jonathan-schoop">PECOTA</a> pegged him for a regression with .256 TAv and 15.8 VORP, yet his numbers sunk lower. Schoop’s plate discipline remained remarkably similar. His swing rate rose four percentage points to 56.8 percent, while his contact rate (71.4) and swinging strike rate (28.6) remained virtually unchanged from 2017, so his <a href="https://www.baseball-reference.com/players/s/schoojo01-bat.shtml">strikeout percentage</a> only rose from twenty-one percent to twenty-three percent. The biggest difference is that his walk rate sunk from 5.2 percent to 3.8 percent, both of which are below average. Schoop’s walk rate would have placed him in the bottom five of all <a href="https://www.baseball-reference.com/leagues/MLB/2018-ratio-batting.shtml">qualified hitters</a> if he’d had enough at bats.</p>
<p>As I <a href="http://milwaukee.locals.baseballprospectus.com/2018/08/13/weekend-recap-schoop-and-lyles/">noted</a> back in August, there was no smoking gun on Schoop’s poor performance at the plate, he just wasn’t hitting the ball as well. From that article’s publication date on August 13<sup>th</sup>, <a href="https://baseballsavant.mlb.com/savant-player/jonathan-schoop-570731?stats=career-r-hitting-mlb">Statcast</a> numbers only slightly recovered. Even with some improvement his barrel percentage, exit velocity, launch angle, and hard hit percentage all were career lows. His expected WOBA placed in the bottom 1 percent of all hitters.</p>
<p>The Brewers traded for a player they probably saw as a buy low candidate. If they elect to offer Schoop arbitration, it likely means that they see something in his 2018 performance that they believe can be corrected to get him back to his 2017 numbers.</p>
<p>One <a href="https://www.mlbtraderumors.com/2018/10/mlb-arbitration-salaries-2019.html">projection</a> for Schoop’s potential arbitration award places him at a $10.1M salary in 2019, which would be 3<sup>rd</sup> on the team in <a href="https://docs.google.com/spreadsheets/d/1iRU5sB7gfLjmcDpAu1cIe6BBBRFgmZUN0lvxpdS5Spc/pubhtml">salary</a>, just above Christian Yelich, in case you needed another reminder about how great that contract is for the Brewers. The only other potential second basemen on the <a href="http://m.brewers.mlb.com/mil/roster/40-man/">40-man roster</a>, presuming that Shaw is back at third base on Opening Day, are Tyler Saladino, Hernan Perez and Mauricio Dubon. None of these players are projected as a starting caliber player on a contending team.] in 2019.</p>
<p>The most intriguing internal option to replace Schoop would be Keston Hiura. Our mother site’s midseason top 50 prospects list had Hiura at number five and <a href="https://www.baseballprospectus.com/prospects/article/41327/2018-prospects-the-midseason-top-50/">claimed</a> that Hiura was “basically major-league ready” back when it was posted in mid-July. If the team agrees with the assessment, then he could be the starting at second by May 1, with service time manipulation likely preventing him from starting the season with the big-league club. While he’s considered a bat-first prospect, if the Brewers could shift and game plan their way into making Travis Shaw <a href="https://www.baseballprospectus.com/prospects/article/41327/2018-prospects-the-midseason-top-50/">league average</a> at second, fans shouldn’t be too worried about Hiura.</p>
<p>The Brewers could also look at potential free agents who could sign a one-year deal and provide flexibility in case the team wants to wait on Hiura (or if he proves not to be ready). Ian Kinsler had a terrible post-trade run with the Red Sox capped with baserunning and fielding blunders in Game 3 of the World Series. However, he provided above average defense according to Fielding Runs Above Average (<a href="https://legacy.baseballprospectus.com/sortable/index.php?cid=2561954">FRAA</a>) (even if it wasn’t quite Gold Glove worthy). If you squint, his offense wasn’t terrible in 2018! From his nadir on May 28 through his trade to Boston on July 30, he <a href="https://www.baseball-reference.com/players/gl.fcgi?id=kinslia01&amp;t=b&amp;year=2018#1714-1764-sum:batting_gamelogs">slashed</a> .286/.349/.518, which is above his career line of .271/.339/.443. One wouldn’t expect a two-month hot streak to be his baseline production going forward, but it does show he has some life left in his bat, and could serve a useful role as a bridge to Hiura.</p>
<p>The Brewers are lucky to be in the position where they don’t need to double down on the Schoop trade. It would hurt the front office’s external perception to write off the acquisition as a total loss after three months of poor production, but I don’t believe that’s going to factor into their calculation. Milwaukee is always going to operate on a limited <a href="http://milwaukee.locals.baseballprospectus.com/2018/10/31/spending-expectations/">budget</a>, but if the team decides its best choices are Schoop and Hiura, two different budget issues arise. Is the team willing to keep Schoop at more than $10 M when there’s a non-zero chance he’s not worth a roster spot? If Hiura shines in spring training and proves he’s the best player for the team, are they willing to ignore service time considerations and have him start the season with the team? If not, who would cover the gap of at least two weeks? Milwaukee’s front office has a few weeks to make these decisions, but whichever direction they turn will shed light on their internal evaluations of the players in question.</p>
]]></content:encoded>
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		<title>Spending Expectations</title>
		<link>http://milwaukee.locals.baseballprospectus.com/2018/10/31/spending-expectations/</link>
		<comments>http://milwaukee.locals.baseballprospectus.com/2018/10/31/spending-expectations/#comments</comments>
		<pubDate>Wed, 31 Oct 2018 11:50:01 +0000</pubDate>
		<dc:creator><![CDATA[Nicholas Zettel]]></dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[2018 Brewers]]></category>
		<category><![CDATA[2019 Brewers]]></category>
		<category><![CDATA[Brewers free agency]]></category>
		<category><![CDATA[Brewers offseason analysis]]></category>
		<category><![CDATA[Brewers payroll projections]]></category>
		<category><![CDATA[Brewers profits]]></category>
		<category><![CDATA[Brewers revenue projections]]></category>
		<category><![CDATA[GM David Stearns]]></category>

		<guid isPermaLink="false">http://milwaukee.locals.baseballprospectus.com/?p=12862</guid>
		<description><![CDATA[The Brewers enter the 2019 season in relatively uncharted territory. Their three year progression in operating revenue, estimated by Forbes (prior to interest, taxes, depreciation, amortization), totaled approximately $150 million entering the season and exhibited fantastic growth prior to a 200,000 person spike in attendance and a deep playoff run. Given spending on the Carolina [&#8230;]]]></description>
				<content:encoded><![CDATA[<p>The Brewers enter the 2019 season in relatively uncharted territory. Their three year progression in operating revenue, estimated by Forbes (prior to interest, taxes, depreciation, amortization), totaled approximately $150 million entering the season and exhibited fantastic growth prior to a 200,000 person spike in attendance and a <em>deep</em> playoff run. Given spending on the Carolina Mudcats purchase and the Arizona Spring Training development, it is clear that the club was leveraging their strengths by investing in capital projects, which is a perfectly reasonable thing for a baseball club to do (as infuriating as it is for baseball fans to see their club rake in profits and invest off the field, that&#8217;s what one would expect the club to do from a shareholder&#8217;s standpoint).</p>
<p><em><strong>Related Reading:</strong></em><br />
<a href="http://milwaukee.locals.baseballprospectus.com/2016/05/23/counterbuilding-trading-drafting/">Counterbuilding: Trading and Drafting</a><br />
<a href="http://milwaukee.locals.baseballprospectus.com/2018/04/13/the-successful-rebuild/">The Successful Rebuild</a></p>
<p><em>Better yet</em>, depending on how one views revenue expectations from the 2018 season, the Brewers likely increased their share of labor spending to approximately 40 percent, based on publicly available information and various trend forecasts (from conservative to aggressive). All of this precludes the <a href="https://mlb.nbcsports.com/2017/12/15/each-owner-will-get-at-least-50-million-in-early-2018-from-he-sale-of-bamtech/">MLB Advanced Media money</a>, which undoubtedly gives the Brewers ownership group more cash to leverage for both capital and labor projects.</p>
<table border="" width="" cellspacing="0" cellpadding="0">
<tbody>
<tr bgcolor="#EDF1F3">
<th align="center">Year (all $M)</th>
<th align="center">Revenue</th>
<th align="center">Operating Income Estimates / Projections</th>
<th align="center">Minimum Revenue</th>
<th align="center">Sustained Growth</th>
<th align="center">Maximum Revenue</th>
<th align="center">Year-End Payroll</th>
<th align="center">Maximum Payroll</th>
<th align="center">Labor</th>
</tr>
<tr>
<td align="center">2015</td>
<td align="center">$234</td>
<td align="center">$27</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">$98</td>
<td align="center">n.a.</td>
<td align="center">42%</td>
</tr>
<tr>
<td align="center">2016</td>
<td align="center">$239</td>
<td align="center">$58</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">$72</td>
<td align="center">n.a.</td>
<td align="center">30%</td>
</tr>
<tr>
<td align="center">2017</td>
<td align="center">$255</td>
<td align="center">$67</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">n.a.</td>
<td align="center">$79</td>
<td align="center">n.a.</td>
<td align="center">31%</td>
</tr>
<tr>
<td align="center">2018</td>
<td align="center">Not published</td>
<td align="center">$54</td>
<td align="center">$260</td>
<td align="center">$272</td>
<td align="center">$291</td>
<td align="center">$110</td>
<td align="center">n.a.</td>
<td align="center">42%</td>
</tr>
<tr>
<td align="center">2019</td>
<td align="center">Not published</td>
<td align="center">$55</td>
<td align="center">$266</td>
<td align="center">$290</td>
<td align="center">$310</td>
<td align="center">$112</td>
<td align="center">$123</td>
<td align="center">42%</td>
</tr>
<tr>
<td align="center">2020</td>
<td align="center">Not published</td>
<td align="center">$57</td>
<td align="center">$271</td>
<td align="center">$310</td>
<td align="center">$330</td>
<td align="center">$115</td>
<td align="center">$131</td>
<td align="center">42%</td>
</tr>
<tr>
<td align="center">2021</td>
<td align="center">Not published</td>
<td align="center">$58</td>
<td align="center">$277</td>
<td align="center">$330</td>
<td align="center">$350</td>
<td align="center">$117</td>
<td align="center">$139</td>
<td align="center">42%</td>
</tr>
<tr>
<td align="center">2022</td>
<td align="center">Not published</td>
<td align="center">$59</td>
<td align="center">$283</td>
<td align="center">$353</td>
<td align="center">$373</td>
<td align="center">$120</td>
<td align="center">$148</td>
<td align="center">42%</td>
</tr>
<tr>
<td align="center">2023</td>
<td align="center">Not published</td>
<td align="center">$60</td>
<td align="center">$289</td>
<td align="center">$376</td>
<td align="center">$396</td>
<td align="center">$122</td>
<td align="center">$158</td>
<td align="center">42%</td>
</tr>
</tbody>
</table>
<p>[quick rant]Brewers, increase minor league pay! Pay your minor leaguers a living wage across all systems![/quick rant]</p>
<p>Of course, one of the difficult aspects of navigating the 2018-2019 offseason is that in order to increase the labor share of the club, Milwaukee actually had to go out and sign some players. So <a href="http://milwaukee.locals.baseballprospectus.com/2018/01/23/signing-free-agents/">some previously rosy payroll estimates</a> may be pushed back a few years (click that link if you&#8217;d like payroll analysis with Lewis Brinson arbitration horizon estimates): but this is a good thing, because the Brewers <em>are</em> in better shape with Lorenzo Cain and Christian Yelich patrolling the outfield, and they&#8217;re also in better shape with clearer salary arbitration pictures for Corey Knebel, Travis Shaw, and even Jonathan Schoop.</p>
<p>The trouble is, without assuming that the Brewers will allocate full playoff revenue, and an increasing share of overall revenue, to the MLB payroll, the 2018-2019 offseason might look a little boring if the club simply renews each and every one of their arbitration eligible players. Here&#8217;s how this group looks, with Cot&#8217;s Baseball Contracts estimates:</p>
<table border="" width="" cellspacing="0" cellpadding="0">
<tbody>
<tr bgcolor="#EDF1F3">
<th align="center">Player</th>
<th align="center">Estimate ($M)</th>
<th align="center">Arbitration Year</th>
</tr>
<tr>
<td align="center">Schoop Jonathan</td>
<td align="center">$11</td>
<td align="center">A3</td>
</tr>
<tr>
<td align="center">Knebel Corey</td>
<td align="center">$6</td>
<td align="center">A2</td>
</tr>
<tr>
<td align="center">Shaw Travis</td>
<td align="center">$5</td>
<td align="center">A1</td>
</tr>
<tr>
<td align="center">Vogt Stephen</td>
<td align="center">$4</td>
<td align="center">A3</td>
</tr>
<tr>
<td align="center">Nelson Jimmy</td>
<td align="center">$4</td>
<td align="center">A2</td>
</tr>
<tr>
<td align="center">Perez Hernan</td>
<td align="center">$3</td>
<td align="center">A2</td>
</tr>
<tr>
<td align="center">Davies Zach</td>
<td align="center">$3</td>
<td align="center">A1</td>
</tr>
<tr>
<td align="center">Kratz Erik</td>
<td align="center">$2</td>
<td align="center">A3</td>
</tr>
<tr>
<td align="center">Cedeno Xavier</td>
<td align="center">$2</td>
<td align="center">A3</td>
</tr>
<tr>
<td align="center">Santana Domingo</td>
<td align="center">$2</td>
<td align="center">A1</td>
</tr>
<tr>
<td align="center">Pina Manny</td>
<td align="center">$2</td>
<td align="center">A1</td>
</tr>
<tr>
<td align="center">Jennings Dan</td>
<td align="center">$1</td>
<td align="center">A4</td>
</tr>
<tr>
<td align="center">Saladino Tyler</td>
<td align="center">$1</td>
<td align="center">A1</td>
</tr>
<tr>
<td align="center">Total</td>
<td align="center">$44</td>
<td align="center">13 players</td>
</tr>
</tbody>
</table>
<p>Without major revenue growth, and considering a similar distribution of revenue to labor, this is how the Brewers payroll freedom might project:</p>
<table border="" width="" cellspacing="0" cellpadding="0">
<tbody>
<tr bgcolor="#EDF1F3">
<th align="center">Salary (all $M)</th>
<th align="center">2019</th>
<th align="center">2020</th>
<th align="center">2021</th>
<th align="center">2022</th>
<th align="center">2023</th>
</tr>
<tr>
<td align="center"><strong>Guaranteed Contracts</strong></td>
<td align="center"><strong>$66</strong></td>
<td align="center"><strong>$47</strong></td>
<td align="center"><strong>$35</strong></td>
<td align="center"><strong>$19</strong></td>
<td align="center"><strong>$0</strong></td>
</tr>
<tr>
<td align="center">Revenue</td>
<td align="center">$266</td>
<td align="center">$271</td>
<td align="center">$277</td>
<td align="center">$283</td>
<td align="center">$289</td>
</tr>
<tr>
<td align="center">Operating Redistributed</td>
<td align="center">$5</td>
<td align="center">$6</td>
<td align="center">$6</td>
<td align="center">$6</td>
<td align="center">$6</td>
</tr>
<tr>
<td align="center">MLBAM Redistributed</td>
<td align="center">$3</td>
<td align="center">$3</td>
<td align="center">$3</td>
<td align="center">$3</td>
<td align="center">$3</td>
</tr>
<tr bgcolor="#EDF1F3">
<td align="center">Payroll Space</td>
<td align="center">$49</td>
<td align="center">$71</td>
<td align="center">$85</td>
<td align="center">$103</td>
<td align="center">$125</td>
</tr>
<tr>
<td align="center">Maximum Space</td>
<td align="center">$76</td>
<td align="center">$103</td>
<td align="center">$123</td>
<td align="center">$148</td>
<td align="center">$176</td>
</tr>
</tbody>
</table>
<p>It is evident that on the most conservative estimates, the Brewers cannot keep each arbitration eligible player <em>and</em> sign additional impact free agents. This raises questions about how the Brewers will employ trade and non-tender (basically releasing an arbitration-eligible player for free) strategies to maximize space, while also raising questions about how lucrative the playoffs were, where that MLBAM money will kick in, and how the club will (or did) allocate profits from 2016-2017.</p>
<p>For if the most rosy scenario plays out, the Brewers could keep a substantially larger portion of arbitration eligible players, and continue to add impact talent on the open market. Thus, there is room across the roster for GM David Stearns to wheel and deal. This is a great time for counterbuilding, which basically means making trades that run contrary to the assumed roster building strategy of the team. If a rebuilding team is expected to trade MLB salary for prospects, and a win-now trade reverses that by bundling prospects for MLB salary, those positions can be mixed in contrarian fashion to help maximize roster resources. Given that the Brewers have the opportunity to develop numerous players at the MLB level in 2019, some (seemingly) head-scratching trades would be a great way to free up additional salary in order to bolster the prospects with gambles on more proven producers.</p>
<p>Stearns developed a contending club so quickly by trading for MLB assets in his first offseason; now the GM can ironically continue to maintain the health of his MLB roster forecast by shedding some salaries for prospects or depth moves. Given the strengths of the 2018 club, this could be just the strategy necessary to improve around the margins, develop top prospects, and land one big ticket free agent.</p>
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