What I Learned From the 2011 Trade Value Series

With the trade deadline a couple of weeks away, baseball is full of discussion about what kinds of players will be on the move and what kinds of players they’ll command in return. As usual, the types of players being made available are players who are headed towards free agency – Cole Hamels, Zack Greinke, Ryan Dempster, and Shane Victorino, to name four. However, when the summer trading season rolls around, we like to ask what players actually have the most trade value in baseball right now – in other words, if every player in baseball was available in trade, who would bring back the biggest return for their organization?

I’ve been doing this list for a while — after borrowing the idea from Bill Simmons, who does an NBA style version of this every year — and before putting together the list each summer, I look back at the previous version and try to see where I made some mistakes and what I can learn from how things have gone in the last 12 months. We’ll be rolling out numbers #50-#46 in a few hours, but before we get to this year’s list, let’s look back at last year’s and see lessons we can learn. First, the complete list.

1. Evan Longoria
2. Jose Bautista
3. Troy Tulowitzki
4. Dustin Pedroia
5. Justin Upton
6. Andrew McCutchen
7. Joey Votto
8. Jason Heyward
9. Rickie Weeks
10. Ryan Zimmerman
11. Clayton Kershaw
12. David Price
13. Carlos Santana
14. Felix Hernandez
15. Hanley Ramirez
16. Giancarlo Stanton
17. Brian McCann
18. Jon Lester
19. Justin Verlander
20. Bryce Harper
21. Mike Trout
22. Jay Bruce
23. Tommy Hanson
24. Stephen Strasburg
25. Ubaldo Jimenez
26. Jaime Garcia
27. Buster Posey
28. Ben Zobrist
29. Kevin Youkilis
30. Ian Kinsler
31. Ryan Braun
32. Michael Pineda
33. Tim Lincecum
34. Alexei Ramirez
35. Trevor Cahill
36. Roy Halladay
37. Ricky Romero
38. Yovani Gallardo
39. James Shields
40. Carlos Gonzalez
41. Colby Rasmus
42. Robinson Cano
43. Jacoby Ellsbury
44. Curtis Granderson
45. Matt Wieters
46. Starlin Castro
47. Elvis Andrus
48. Danny Espinosa
49. Alex Avila
50. Brett Gardner

Perhaps this year’s list should be subtitled “Changing of the Guard”, as most of the guys in the top 10 have been stalwarts of this series for several years, but injuries and poor performance dominate the top of the list. For guys like Longoria, Tulowitzki, and Zimmerman, another year with health issues raises questions about long term durability, while guys like Upton, Weeks, and Ramirez are playing but not playing well. Many of the best of the young position players from several years ago have stalled in their development, and are now being passed by younger players who are simply playing at a higher level, and so we’re going to see more turnover at the top of this list than we have in any recent season.

The other changes with this year’s list are probably going to be more along the lines of a shift towards valuing production somewhat more strongly and slightly reducing the emphasis of low cost salaries. I received some feedback from a few friends with MLB teams stating that the previous emphasis on value derived from salary was a bit overstated, as most players worth coveting aren’t going to be cheap for very long. Zimmerman and Votto are good examples of guys who rated well on last year’s list even though they were only a few months away from commanding huge contract extensions, so their effective “low cost” time was already running out.

Pretty much any quality player eligible for arbitration is always on the verge of receiving a significant amount of guaranteed money, so having several years of club control at undefined prices is probably less valuable than I’ve given it credit for in prior years. As such, supremely talented players with big contracts — the Kemps, Brauns, and Verlanders of the world — will be penalized less for making a lot of money on this year’s list than they probably would have been in the past. They might not be the best value in terms of production to salary ratio, but premium players locked up for several years at reasonable salaries are still highly coveted players, and I’ve been convinced that teams would still pay a high price to obtain a star player even if that guy is being paid like a star player. The move towards locking up players before they get to free agency has increased the trade value of highly paid players, and this year’s list attempts to reflect that more than it has in past years.

With all that said, I hope you enjoy this year’s version, and we’ll begin rolling out the list in a couple of hours. Will Evan Longoria maintain his hold on the top spot, or is this the year that there’s finally a more valuable asset in baseball? We’ll cover the players in groups of five, culminating with the top 10 on Friday, and who knows, one of the guys on the list might even get traded while we’re talking about where he ranks.




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Dave is a co-founder of USSMariner.com and contributes to the Wall Street Journal.

65 Responses to “What I Learned From the 2011 Trade Value Series”

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  1. ALEastbound says:

    Excited am I… I think Longoria’s injury h/x makes him slip this year…

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    • MikeS says:

      Which has long been the argument why he wasn’t so stupid to sign that contract when he did.

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      • Big Jgke says:

        Ohh, what’s really going to bake your noodle later on is, would Longoria still have gotten hurt if he hadn’t signed a team-friendly extension?

        /YOU JUST GOT ORACLE’D

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  2. Well-Beered Englishman says:

    Names I’d expect to leave the list altogether: Rickie Weeks (9), Ubaldo Jimenez (25), Michael Pineda (32), Alexei Ramirez (34), Danny Espinosa (48), Alex Avila (49)

    Names the future of will be a question of great intrigue: Jon Lester (18), Tommy Hanson (23), Tim Lincecum (33)

    Kevin Youkilis (29) was certainly not traded for a top-30 haul, either.

    tl;dr: It’s been a very interesting year.

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  3. Justin says:

    At least #1 and #2 have written themselves. Trout and Harper.

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    • Josh says:

      I think a very good case could be made for Strasburg over Harper, the typical caveats about position players v pitchers notwithstanding.

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      • Jonathan says:

        I think the traditional caveats you mention are sufficient to eliminate any case Strasburg may have. He’s already had one major surgery and while he’s clearly recovering fine, Harper’s being three or four years younger and having some extra time under team control means he’s probably got the better trade value.

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    • Well-Beered Englishman says:

      Wouldn’t at all be surprised by this. Also wouldn’t be surprised by Strasburg as the top pitcher. Can’t count out big jumps by Cutch, Andrus, or Stanton, either.

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    • jw says:

      #3 Strasburg?
      #4 Bautista?

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      • Jonathan says:

        I think McCutchen’s got a really good case for the number four spot considering Bautista’s rough start.

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      • Jason B says:

        Most every other player would be lucky to be playing so rough…

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      • Jonathan says:

        Given, but that doesn’t discount the fact he had an awful start to the season. His OPS got as low as around .650 over a month in and he didn’t top .800 until just over a month ago.

        He seems to be back in the swing of things, but that stretch to start the year was the first sign of mortality he’s shown since 2009 and has to hurt his value somewhat.

        He’s still got extremely high trade value, but I don’t see top five as being viable with his early season struggles and the insane numbers McCutchen’s been putting up from an even more premium position for less money and with more team control.

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    • Connor says:

      I think McCutchen is number two behind Trout. Harper has been good but not great, and Cutch is the best player in baseball right now. Not to mention he’s only 25 and locked up to a fairly team friendly contract through 2018.

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  4. Jonathan says:

    I will be surprised if the number one spot will probably be poached by either Trout or Harper.

    Honestly, I wouldn’t be surprised to see a complete changeover in the top ten. With only three of the top ten (Votto, Heyward and McCutchen) not having a down year or injury troubles (And Votto’s trade value is potentially hampered by that huge money contract), I wouldn’t be surprised to see the entire list upended.

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    • Jonathan says:

      Well, that was pretty awful wording on my first sentence. Should read that “I will be surprised if the number one spot isn’t poached by Trout or Harper.”

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      • Ludwig von Koopa says:

        I do love a good riesling-poached trout.

        Though only if that trout is obtained legally… poached poached trout is just not worth tangling with the game wardens.

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  5. Rey22 says:

    Calling Mike Trout, the #1 spot awaits.
    Longoria should still be top 5.

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    • GoToWarMissAgnes says:

      Yeah, Trout is just so unbelievably good that I think he has to go #1. That said, Dave has repeatedly said that he prefers Harper over Trout (he says he prefers Harper’s insane upside; I’m not convinced his upside is higher than Trout’s but whatever) so I wouldn’t be shocked if Harper is #1.

      Still, even with both of these amazing young talents AND with Longoria’s injury problems continuing…just look at that contract! He’s going to make $36 million over the next four years. I agree he still has to be top 5. That contract is just nuts.

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  6. Bryan Grosnick says:

    We’re all about to get Trouted.

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  7. Tyler says:

    Votto’s trade value is more than hampered by $225M (compared to what it was before)

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    • Jonathan says:

      I hadn’t bothered to look at the listing at the time I made that remark. Now that I have, I’ll change my statement to:

      Votto may well be off the list entirely, much less out of the top ten. If Adrian Gonzalez failed to make the list last year with his numbers and his contract, there is no way in heck that Votto should rate this list with his contract, even with his numbers.

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      • Well-Beered Englishman says:

        Granted, he was in a contract year, but a certain first baseman from St Louis was also omitted from the list. And the highest-ranked Yankee is #42.

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      • Jonathan says:

        It was essentially Pujols’ contract year that kept him off AND the fact he was hurt and having a “down” year when the list was made. There was a lot working against him.

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  8. JeffMathisCera says:

    Everyone saying the top spot will be Trout OR Harper.

    These two players are 1 year apart in age. It’s not nothing, but neither is the gap in their production. Trout is faster, a better defender, a better hitter, a base stealer, hits more homeruns. There is no “or”. It’s an illusion that’s been played up by the media and a result of circumstance.

    Bryce Harper may be top 10 for this list, and he may be ROY, but Mike Trout has proven himself (yes, in 70 games) to be on an entirely different level. Bryce Harper is potentially a once in a decade player, Mike Trout is potentially a once in a lifetime player. There is no “or”.

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    • byron says:

      Trout is faster and a better defender, yes, but hitting is about the same, and he has substantially less power than Harper. Harper is a full year younger. They’re both excellent. There is an “or.”

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      • JeffMathisCera says:

        Everyone heard Harper had more power coming up.

        Right now, numbers tell a different story. I’m not saying Harper won’t continue to develop, but if (when) he starts out slugging Trout, it may be by much less of a margin than previously thought.

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      • JeffMathisCera says:

        Also, this myth that they are hitting about the same right now. Let me dispel that.

        Trout: .349/.403/.574 with 12 HR, 19 2Bs, 3 3Bs, and 30 SBs
        Harper: .273/.345/.454 with 8 HR, 15 2Bs, 4 3B, and 11 SB

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      • byron says:

        I didn’t mean they were hitting about the same, I meant that their hit tool was was about the same. Every scout said that Harper has generational power. Unanimous 80s. Trout has really nice power for a slick fielding CF. That’s a big difference. I am not arguing Harper is better, but to act like the book is closed is insane. You are not “dispelling” any “myths” or “illusions,” so drop the condescension.

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    • Jordan says:

      What did Mike Trout’s numbers look like last year, when he was 19? Bryce Harper has not proven that he is below Mike Trout yet.

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    • Andrew says:

      After 70 games or so in 2010, Heyward was being compared to Griffey, A-Rod, etc….Trout will be special, but he will have struggles also, will have to learn to make adjustments, etc.

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    • Person says:

      Trout should be number one this year. Next year, he could well be number two.

      He has 14 months on Harper. It’s not like he turned 20 just before the season started and Harper turns 20 right after the season ends. Trout turns 21 next month, Harper 20 during the playoffs.

      Trout needed 135 PA to adjust to the Majors. Harper needed, basically, 0.

      Trout has not proven himself “to be on an entirely different level.”

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      • Well-Beered Englishman says:

        Exactly. The Angels fan posting this is not gonna compare Mike Trout’s age 19/first big-league action numbers to Bryce Harper’s age 19/first big-league action numbers because then his argument will be invalid.

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      • vivalajeter says:

        Person, Harper is performing great for his age – but he’s nothing more than a solid OF at this point. Trout is the top choice for MVP. How is that not an entirely different level?

        Harper may turn out to be the better player of the two, but at this point I don’t see how he can be ranked #1.

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      • hscer says:

        Yeah, my first paragraph: “Trout should be number one this year. Next year, he could well be number two.” Was replying to the finality of the original comment.

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    • Baron Samedi says:

      Mike Trout has proven himself (yes, in 70 games) to be on an entirely different level. Bryce Harper is potentially a once in a decade player, Mike Trout is potentially a once in a lifetime player. There is no “or”.

      You’re cute.

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  9. byron says:

    If you weren’t considering Votto’s pending FA status when you voted last year, you were doing it wrong. That’s not a problem with valuing low-cost over high-production, it’s a problem with evaluating what low-cost is.

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  10. Chris says:

    Trout seems an easy #1 right now. I expect Austin Jackson to make his debut this time around.

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  11. Graham says:

    Bumgarner was/is better than at least half the pitchers on last year’s list, even setting aside his cost, so I’ll be curious to see where he ends up this year. His new deal sure seems team-friendly to me, and it’s impossible to argue with his production thus far in his short career. He’s so mature, both physically and approach-wise, that I think people gloss over the fact that he’s still just 22. At least, that’s how I rationalize his apparent under-rating (throughout baseball, not just on last year’s Trade Value list).

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    • Scott says:

      Yeah, Bumgarner has to be on there this year. He was the biggest omission last year, he’s only solidified his status as a #2-type starter, and his contract is incredibly team friendly.

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  12. Ryan says:

    Austin Jackson to definitely make his debut, probably in the top 30, while Trout and Harper will probably be #1/#2. I’m sure Cutch will grab a top 5 spot as well.

    All hail the outfielders! And mostly centerfielders.

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  13. Naveed says:

    I wonder if Madison Bumgarner will be forgotten again this year.

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  14. KMiB says:

    If Johnny Cueto doesn’t crack this list, imma puke.

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  15. Ron Paul says:

    My top ten:

    M.Trout
    A.McCutchen
    B.Harper
    E.Longoria
    J.Verlander
    J.Bautista
    J.Votto
    R.Braun
    M.Kemp
    S.Strasburg

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    • vivalajeter says:

      I can’t picture Votto being top-10. If he was let loose by the Reds right now, how many teams would put in a waiver claim? Even without giving up any talent, I don’t know if (m)any teams would take on that contract.

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    • Baltar says:

      Thanks, the only reason I was going to read this series was to see your Top Ten.
      You’ve saved me a lot of reading.

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  16. Bookbook says:

    I think Cameron is on the record as favoring Harper over Trout, if only slightly. No way Trout gets #1 on this list.

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  17. WSC says:

    Carlos Santana for Casey Blake.

    sigh.

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    • Scott says:

      Santana isn’t looking that great this year, and his defense doesn’t look like he’s going to stay at catcher long-term. I see him dropping pretty far down the list. With that said: Carlos Santana for Casey Blake.

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  18. TKDC says:

    There is a decent chance Harper will spend the next 2-3 years at basically the offensive production he’s at now, with improved defense and baserunning. Comparing this exercise to the franchise player one, you’re not getting those age 26-29 seasons for Harper (and 27-30 for Trout). I can see Trout as a top-3, maybe #1 though I’d stick with the proven 5-8 WAR player, but Harper is not there yet. I’d put him cusp top-10.

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    • vivalajeter says:

      Well said. Another thing about Harper is that his OPS has gone down about 90 points from May->June and June->July. He was great out of the shoot, which people didn’t expect at his age – but the league has adjusted to him, and he hasn’t adjusted on his end.

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  19. John Franco says:

    Trout has to be running ahead of Harper at this point. Yes, Harper *probably* gets to the MVP level next year… at the same age Trout is playing at an MVP-level.

    But, for both of them, remember Jason Heyward.

    Either way, Trout, Cutch, Harper, Joey Bats, and probably Giancarlo for my top 5.

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    • TKDC says:

      If Harper has 11 career WAR halfway through 2014, as Heyward does now, he’d have had incredible age 20-21 seasons.

      The Heyward-bust narrative is ridiculous.

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  20. lol says:

    Youkilis at 29 looks laughable now.

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  21. kid says:

    I can’t help but feel that we are a bit quick to crown Trout the king of everything, between his awful debut last year and the fact that his current numbers – especially the .433 wOBA and .401 BABIP – are bound to see sizeable drops. Special talent? Yes, absolutely. But a revolutionary player who is capable of being one of the most offensive forces ever at the age of 20? Probably not.

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    • batpig says:

      the “awful debut last year” narrative is also one that needs to be dispelled. the only part of his game that was “awful” was AVG/BABIP fuled.

      he put up a .171 ISO in the major leagues as a 19-year-old, popping 5 HR and 6 2B in 135 PA (40 G). If you do the admittedly flawed “projected to a full season” exercise, multiplying his numbers by 4 (40 games is a quarter season) you would have 80 R, 20 HR, 64 RBI, 16 SB. With some BABIP normalizing (.247 is ridiculously low for a fast guy like Trout) his AVG last year should have been 40-50 points higher. Through in the plus defense in CF and he was worth 0.8 WAR in that quarter season. That is terrific production for a 19-year-old.

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  22. the fume says:

    I look forward to Miguel Cabrera’s appearance on the list this year.

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  23. Pat says:

    I think the top 3 should be McCutchen, Trout, and Harper, though you can easily make a case for Trout being #1. It’s just that proven commodities should be a little more valuable and it’s not like Cutch is expensive anyways.

    This just goes to show how quickly things can change in baseball, I think players improve and decline more quickly than any other sport. I guess it’s the random variation of hitting a round ball and seeing where it falls, I don’t know?

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  24. Dustin says:

    What time was the 2011 trade value series done? Was it around the trade deadline last year? I would have much rather had 2 1/2 years of Cano than a lot of the players ahead of him.

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  25. Meatslab says:

    How is Matt Kemp not on this list?

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  26. Marver says:

    I’m more curious to see Dave backtrack on not putting Mat Latos in the top 50 last year despite being a 22 year old pitcher coming off a 4 WAR season. I argued for his placement then, and I argue it now, especially after seeing the Padres get Grandal, Volquez, Boxberger, and that guy who hits like a poor SS that plays 1B in exchange for him…basically destroying the premise that he isn’t valued as a top 50 guy.

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  27. Scott says:

    Wow, Youk was top 30. The Red Sox PAID to get rid of him this year.

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  28. Jace Wayland says:

    Top 10:
    M.Trout
    A.McCutchen
    G. Stanton
    R.Braun
    B.Harper
    E.Longoria
    J.Verlander
    M.Kemp
    J.Bautista
    J.Votto
    S.Strasburg

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