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  1. His injury last year and fear of the same for the next two seasons might have lowered his price somewhat. The Rangers are paying him fairly, but not risking overpaying an asset that might get injured again.

    Comment by phoenix2042 — February 10, 2011 @ 4:42 pm

  2. I’ve got a question about the value of WAR.

    I know the value of $4 or $5million (whatever it is), is derived from the average amount free agents get for the WAR totals over the past season (seasons?), but is there, or should there be, some sort of sliding scale built into this? By that I mean, do guys who are 1 or 2 WAR typically get more per WAR than guys who are 5-6 WAR guys?

    Comment by Mark — February 10, 2011 @ 6:50 pm

  3. Agreed. It should also be mentioned that he only had 5.1 WAR in 2008-2009 combined. Last year’s 8.0 WAR was unbelievable, but if he’s closer to the 2008-2009 Josh then it’s not a slam dunk for Texas.

    Comment by vivalajeter — February 10, 2011 @ 7:27 pm

  4. Good deal for both sides. There’s some risk there given Hamilton’s history (injury and otherwise) but he’s a truly great player when healthy.

    Comment by NEPP — February 10, 2011 @ 7:28 pm

  5. This has been looked into a couple times. I’m not sure of when the last study was, but to my knowledge they have all found that the $ per WAR teams pay is fairly constant as WAR goes up or down.

    Comment by Matthew Carruth — February 10, 2011 @ 8:31 pm

  6. Given Hamilton’s history, I can see why he would take the deal. $24 million is better than nothing if he falls off the wagon or gets injured this year. My guess is that the Rangers thought they were going to lose this year’s arbitration case and viewed it as nothing more than locking in a second year to prevent possibly paying him some outlandish sum next year if he put up another MVP season.

    Comment by Phantom Stranger — February 10, 2011 @ 9:32 pm

  7. Cocaine for everybody!

    Comment by Sandy Kazmir — February 10, 2011 @ 9:51 pm

  8. Rather than getting more money per WAR the elite tend to get the years instead. That could be viewed as a kind of sliding scale,

    Comment by Not David — February 10, 2011 @ 10:05 pm

  9. This is something of a non sequitur. If you assume decline over time (and nearly all free agents are at or past their peaks when they sign huge deals), then more years at the same salary IS paying more money per WAR. Basically, you can monetize the “more years,” so the distinction is one without an economic difference.

    But we don’t see that.

    It could be that what’s fouling up the numbers is that relief pitchers are (depending on your point of view) either grossly overpaid or not being measured correctly, and that’s inflating the $/WAR figure at the low end. It could be that once you correct for relief pitchers, there IS a dollar premium for higher-WAR players, but we’ll have to wait for someone to crunch the numbers.

    Comment by Paul Thomas — February 10, 2011 @ 11:34 pm

  10. Cocaine – hah. Hamilton thinks that stuff is for pussies and favors shit like heroin and crystal meth.

    Comment by Turbat — February 11, 2011 @ 6:57 am

  11. Note to Turbat:

    Hamilton would settle for cocaine if it is was in its freebase form – crack.

    Comment by Jack — February 11, 2011 @ 7:13 am

  12. Now that Votto deal is making more sense.

    Comment by nolan — February 11, 2011 @ 8:13 am

  13. If it wasn’t for Vlad Guerrero and the season he had, does anyone really think Josh Hamilton would have had the season he had? For my money, Guerrero was more worthy of the MVP, but that wouldn’t have looked good for a guy in his first year with the team. Enough of the drug talk! What MLB should do is put half of the salary in a trust until the player is 50 years old.

    Comment by JC — February 11, 2011 @ 1:07 pm

  14. Your money is worth about as much as a Madoff IOU

    Comment by Dalborn — February 11, 2011 @ 1:34 pm

  15. Why would Guerreros season have affected Hamiltons?

    Lineup ‘protection’ has been shown to be a very small effect.

    Comment by Patrick — February 12, 2011 @ 5:35 pm

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