I've been spending a lot of time playing Fallout 3 lately (ah, the bounties of being a nerd). Catching up on the last week or so of transactions...
Cubs sign Ryan Dempster for three years and $38 million, plus $14 million player option for 2012 (3)
Four years and $52 million is less than many people thought Dempster could command, but it's important to note that this contract is significantly worse for the Cubs than a simple 4/$52M. In November 2011, if Dempster's 2012 value is anywhere near $14 million, he's going to opt out of the contract. Think A.J. Burnett this offseason or J.D. Drew two years ago. I'd rather make the contract for 3/$42M or 4/$55M than give Dempster a player option that he'll only exercise if he's ineffective or hurt.
Either way, is Dempster worth four years at big money? Probably not. From 2004-07, Dempster worked almost exclusively in relief (which is easier than starting) and didn't manage a K/BB ratio over 2.0 in any of those years. Though his ratios improved greatly this year, they still weren't elite; Dempster's xFIP was just 3.94, good but not great. He's a slight groundball pitcher, but nothing special in that department. Realistically, the Cubs should be happy if Dempster is significantly better than a league-average starter next year, let alone in 2012.
The Cubs are certainly in a position where it's the right move to spend some money, but I'd have shelled out an extra ten million for four years of Derek Lowe, who has a much stronger track record.
Cubs get: Kevin Gregg (2)
Marlins get: Jose Ceda (9)
An outright theft by the Marlins, who acquired Gregg basically for free two years ago and now get a fine pitching prospect in return for one year of his service. It's not like Gregg has improved substantially in that time; if anything, his ratios have gotten worse. What has changed is Gregg's save totals: 61 over the past two years, which apparently caught Jim Hendry's eye.
This move is a potential triple whammy for the Cubs: they lose value in the actual exchange, miss out on signing Kerry Wood--possibly the finest closer on the market--at a hometown discount, and quite possibly could end up with their fourth-best reliever (Gregg) closing for the team next year. Ouch.
Red Sox get: Ramon Ramirez (8)
Royals get: Coco Crisp (7)
Now here's a trade I can see working out for both sides. Crisp was a redundant resource on the Red Sox, but he instantly makes the Royals a better team by taking over for the worthless Joey Gathright. Defensive metrics sometimes disagree on Crisp, but I feel he's an above-average fielder who won't kill you at the plate.
Ramirez is a good sixth- or seventh-inning option for the BoSox. He won't post another 2.64 ERA--that home run rate is bound to regress--but he's cheap and under team control for four more years. They also free up payroll by trading Crisp, who's an unnecessary luxury with Jacoby Ellsbury around.
Giants sign Jeremy Affeldt for two years, $8 million (8)
I'm a fan. Affeldt's been a scouting favorite for years now, and he finally put it together in 2008. I'd expect him to give some of those gains back, but given the outlandish salaries for relief pitchers these days, 2/$8M is a bargain. It's interesting to note that Affeldt is a strong groundball pitcher, unlike the four big closers on the market.
Yankees get: Nick Swisher, Kaneoka Texeira (7)
White Sox get: Wilson Betemit, Jeff Marquez, Jhonny Nunez (4)
This is something of a head-scratcher, given that I expected the Yankees to aim higher (Mark Teixeira, Manny, Dunn, Burrell) to fill their hole in the lineup, plus the White Sox no longer have a Major League center fielder on their roster. (Swisher isn't really a center fielder either, but I'd put up with his poor defense to keep Brian Anderson out of the lineup. I'd even put up with Swisher's bleach-blond goatee to keep Junior Griffey and his iron glove off the field altogether. Well, maybe not.)
I pan most Kenny Williams trades, but every time I do, the pitcher he deals away turns up with some severe injury. Insider trading: no-no in business, yes-yes in baseball. I fully expect Texeira's rotator cuff to snap into five pieces by May at the latest.
Sox fans should hope Betemit is not up for an everyday job, because he's not worthy of one. He might make an okay platoon player at third base.
Yankees sign Damaso Marte for three years, $12 million plus $4 million option for 2012 (7)
I personally think this is a bargain, but I'm not sure why the Yankees didn't just exercise his 2009 option for a cost of $5.75 million, instead opting for two additional years of risk. Maybe they thought (correctly) that Marte's Type A free agent status would give them negotiating leverage, since other teams would be hesitant to give up a draft pick to sign a middle reliever? Whatever the case may be, Marte is a very capable reliever, and easily worth this contract.