Spending First or Not at All

Last night the baseball world watched in awe of the contract that Gerrit Cole was handed by the New York Yankees. He signed the for the largest AAV and total contract value ever given to a pitcher. New York spending money isn’t surprising at all, but there’s a tickle down effect and how it impacts a team like the Twins remains to be seen.

It’s a great thing that the Minnesota Twins have significant funds and a real opportunity ahead of them. What is less than great is there’s only so many desirable commodities. When Cole came off the board, teams like the Los Angeles Dodgers and Angels immediately pivoted to the likes of Madison Bumgarner and Hyun-Jin Ryu. Just hours before, those arms looked like targets Minnesota may be able to wrangle in. Now, the competition just became more fierce.

This exact scenario is one that we can consider during the regular season as well. Although many teams like to wait until closer to the deadline providing an ability to determine their fate, acquiring organizations obviously benefit by earlier action. We can assume somewhat of a premium is paid for early swaps, but the desired result could outweigh that cost when it results in additional wins.

During the offseason games aren’t being immediately impacted, but the game of musical chairs gets more intense with each spot pulled from the circle. Zack Wheeler went from reports suggesting he’d accept something south of $100 million to signing for $18 million north of it. That contract upped Madison Bumgarner’s ask, and both Stephen Strasburg and Cole being gone dwindled the list of worthy assets. Does all of that equate to an opportunity being missed?

We’ll never directly know what contract negotiations sound like on an individual basis, but early action could seem to hold some weight. Rather than being worried about setting the market to high, a team could be sitting pretty having nabbed their desired talent prior to feeling pressure of commodities being unavailable. A team like the Twins is now faced with the proposition of outbidding either Los Angeles franchise if Ryu or Bumgarner was their man, and that creates a higher level of stress than was initially desired.

Although we’re discussing these principles within the realm of baseball, it’s applicable across so many facets of life. As human beings we’re all out for our best interests and looking to snipe a deal. Is the coupon at Target going to save us the most money, or should we save the additional five miles by going to Walmart and buying it first? The fear of missing out can cause us to make rash decisions but being comfortable in our evaluations may afford the opportunity to overlook the result.

I’d imagine Derek Falvey and Thad Levine aren’t going to tip their hand as to which pitching assets they had ranked highest. Maybe everyone was lumped together and they truly do not care who winds up in Twins Territory, a true test of their internal development staff. We can draw some conclusions or generate educated guesses once all the chips are on the table, but the waiting and guessing game is all we have for now.

In a vacuum it seems the Twins may be best suited to approach a high value target with a strong offer and a deadline. Maybe it doesn’t work that way and maybe they tried, but maybe being the one without a dance partner at the end of the song isn’t so great either.

Twins Could Trade for a Former Free Agent Target

After bringing back Jake Odorizzi and Michael Pineda the Minnesota Twins should be turning their focus solely to the top of their rotation. Madison Bumgarner is the presumed name, but Jon Heyman recently reported that former Dodgers starter Hyun-Jin Ryu could be the target. What if Minnesota wanted to go a different route entirely?

There’s no denying that Bumgarner and Ryu are the best (see: only) arms left in the second tier of available starters. Bumgarner has been dissected plenty, and Ryu is essentially the flip side of what he brings to the table. Injury concerns are abundant and could be an immediate issue. He won’t command the same length in a contract, but that may not matter if you get burned on the front end. Ryu is a really nice arm, but there’s plenty of risk regarding how much time he’ll miss.

For a while I’ve contended the Twins plan this winter should be to acquire a top-tier arm through free agency while also dealing for an option with some nice team control. What if it they decided to deal for the top-tier arm as well, and spend by taking on someone else’s contract?

Enter Yu Darvish.

Minnesota came up a year short in signing Darvish before he eventually landed a six-year deal with the Chicago Cubs. Thad Levine has in-depth knowledge of the arm having worked in the front office that originally signed him in Texas, and the parallels with Ryu run pretty deep.

Chicago’s starter is roughly six months older than Ryu. He could be had on a four-year, $81 million contract today assuming the Cubs take on no salary. Although Ryu may not get four years, he’ll probably wind up somewhere between the $60-75 million range. Darvish was injury and bad a season ago, and then started slow in 2019. Across his final 20 starts last year he allowed just a .629 OPS and had a 162/18 K/BB ratio.

When looking at Darvish and Ryu it comes down to what path you prefer (and if Chicago is truly motivated to move him). Ryu costs dollars and brings a strong amount of command while lacking the strikeouts. Darvish would require prospect capital, involves a similar level of injury risk, but brings arguably the best strikeout numbers Minnesota would have ever employed.

If you’re hoarding prospects, and there’s reason to suggest that the Twins should be at least until the deadline this season, then spending money on Ryu or Bumgarner should be the obvious decision. If Darvish is seen as the superior option to Ryu, then engaging the Cubs in meaningful discussion is absolutely a conversation worth having.

We’re at the point in roster construction where big moves are going to involve a certain level of skepticism. Knowing that there’s nothing certain about any of the options involved, a level of belief will be required with any asset acquired. I’m not sure which path the Twins will choose, and I don’t know what the right one is. I am glad we’re at the crossroads where it becomes a necessity, and these are the real discussions that we’re having.