The larger implications of the Yunel Escobar extension

Laid back. - Rob Carr

Yunel Escobar's checkered past pays dividends for Friedman, Tampa.

Before Tampanians St. Petersburgers could even turn to look in away from the Chris Archer extension, Andrew Friedman and the Rays front office had extended another productive member of Team Ray. This time it was Yunel Escobar--the same Yunel Escobar who was suspended for three games on account of an anti-gay slur that he penned into his eye black and was dumped off by the Marlins post-fire-sale for the low, low price of Derek Dietrich, who reached the Major League level last year but did so for the Marlins, which at least partially negates the significance of such a feat as his 0.0 fWAR and -0.2 rWAR would substantiate.

The deal turned what had previously been a $5MM club option for 2015 into a guaranteed $5MM in 2015, $7MM in 2016, and a $7MM club option with a $1MM buyout for 2017.

The one-time Brave/Blue Jay/Marlin*/Cuban** shortstop has been worth a very respectable 20.7 fWAR and 23.3 rWAR over his seven-year career. Given that he has yet to put up a season in which he was not worth at least 1.5 fWAR or 2.3 rWAR, it would seem that the Rays are highly likely to get surplus value from their investment. ZiPS and Steamer both like Escobar to be worth more than two wins this season (2.5 and 2.3 WAR, respectively), while Oliver is even more bullish, projecting a pair of 3.5 WAR seasons for 2014 and 2015 before dropping to 3.2 and 3.0 WAR in 2016 and 2017, the last years in which the contract gives Tampa control over Escobar.

*Sort of.
**Once and always

While much of Escobar's on-field value is derived from his defense--despite mental lapses that got him benched early in his career in Atlanta, he compiled a 25.0 UZR (4.5 UZR/150) and 50 DRS in seven seasons and 7611.1 innings while never posting a negative value in a season by either measure--Escobar's bat has been a net positive on his career, owning a career line of .278/.350/.386 with a .328 wOBA and 102 wRC+.

481766403Photo credit: Brian Blanco

With the ever-escalating cost of the win on the free agent market and the fact that Escobar is giving that production from a spot on the diamond in which such production is in surplus of what should be expected, the Rays really only need to get somewhere in the neighborhood of 1 WAR per year to get their money's worth.

Now as Matt Klaassen touched on here, it may be fair to speculate that Escobar's rocky past may have been a factor in why the Rays found themselves the benefactors of a deal that is not insignificantly below what one would assume his market value is. While it was Escobar who openly courted the Rays on the commencement of extension talks, the fact that Escobar has been dealt for as little a return as he has on three separate occasions could very well have dissuaded him from wading into the potentially icy waters of free agency.

What this move would seem to further indicate, however, is that Andrew Friedman and the extremely cost-conscious Rays will get surplus value wherever they can. In the case of Yunel Escobar (and Manny Ramirez or the allegedly reprehensible Josh Lueke), this has meant that the Rays can and will overlook character issues. When any market inefficiency must be exploited as is the case when your squad is hampered with a bottom-five payroll every season, production in surplus of cost is key. Employing players with character issues that at least theoretically deflate their value on the open market is an agnostic way to go about doing that, and the Rays can reasonably expect to get upwards of 3 WAR in excess of what they will pay Escobar through 2017.

While the stain of ignorance/homophobia is hard to wash away, baseball is a business, and it is difficult to argue with both the track record of Friedman's Rays and the fact that production needs to be maximized at all costs when you are dealing with as puny a budget as the Rays are.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join MLB Daily Dish

You must be a member of MLB Daily Dish to participate.

We have our own Community Guidelines at MLB Daily Dish. You should read them.

Join MLB Daily Dish

You must be a member of MLB Daily Dish to participate.

We have our own Community Guidelines at MLB Daily Dish. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9351_tracker