November 11, 2008

Billy Beane's Holliday

The Oakland Athletics have reportedly agreed to acquire Matt Holliday from the Colorado Rockies in exchange for Carlos Gonzalez, Houston Street, and Greg Smith. The deal has yet to be finalized, and there certainly could be changes, but for now the Athletics are the winners in this deal. The Rockies themselves are not necessarily 'losers', this is simply because they did not accept the rumored trade with the Cardinals-the trade where Ryan Ludwick would have been the center-piece.

Matt Holliday surprised me a lot this season, by removing the stigma that his stats were artificially inflated by Coors Field. While it is poor analysis to simply look at his home and away splits, as 71% of Holliday's road games are played in the pitcher friendly environments of PETCO, AT&T, and Dodger's Stadium, one can guage the type of hitter that Holliday is away from Coors Field.

At least one could.

Entering this season Holliday had a Coors Field OPS of 1.074 and a road OPS of .793. However, Holliday had an EQA of just under .300 (league average being .260). Thus, while the OPS shows that Holliday's offensive statistics were inflated by Coors Field, his road OPS was unjustly deflated.

This is where I see Billy Beane out-analyzing his peers. Where everyone sees a major statistical deviation, Beane sees the results of a poor sample size.

That is, Holliday's EQA shows that he is a solid, to strong all around hitter.

Another area to take note of is the fact that Holliday is improving as a hitter. While he has always been a spectacular hitter at Coors Field, Holliday has begun to turn into a solid hitter on the road-not even taking into account park adjusted factors which see the majority of Holliday's road games in pitcher friendly environments.

Taking a look at the last two seasons away from Coors Field, we see that Holliday has posted the following lines:

  • 2007 - .301/.374/.485
  • 2008 - .308/.405/.486
While a sub-.900 OPS is not going to get anyone tabbed as World Class Superstar, it certainly is nothing to scoff at. Especially when one considers that the Major League average left fielder posted the following line:
  • 2007 - .276/.346/.452
  • 2008 - .269/.343/.442
Also, keep in mind that those stats are inflated by having Holliday's Coor's Field numbers involved. Taking that away would drop that .798 OPS a few points.

Furthermore, consider that on average players are worse away from their home ballpark. For whatever reason, hitters simply do not perform at the same level on the road as they do at home.

All that being said, this appears to be a fairly ingenious move by Beane. Consider first, the prospects and contract commitments that Miguel Cabrera cost the Detroit Tigers around this time last year. The Tigers sent Florida two very highly regarded prospects in Andrew Miller and Cameron Maybin-both of whom have All-Star written all over them. Emptying their prospect cupboard to bring aboard a player of Cabrera's talent is not a terrible idea, but being forced into the addition of Dontrelle Willis does begin to sting a little.

While Holliday did not come to the A's for free, his cost is a fraction of what Cabrera cost the Tigers. Which is saying a lot, because the three players the Athletics gave up are all nice players, but not one can hold a candle to Miller or Maybin.

The key to the trade looks to be Carlos Gonzalez. Many are looking at Gonzalez as a failed prospect, an outfielder who needs more time in the minors. To this, I must disagree. While Gonzalez did not tear the cover off the ball in his half season with the A's, he also was not terribly over-matched, despite being 22 years old and having fewer then 250 at bats above double-A.

Gonzalez is a fine player, and an interesting piece for the Rockies to plop in their outfield for the foreseeable future. While he has a long way to go before becoming what the A's expected of him when they acquired him last off-season, hitting in Coors Field, in the weaker National League will not hurt.

Moving Houston Street was a very impressive move by Billy Beane. Many will say that Street tilts the scale in the Rockies favor. However, I must question the merits of said remark. Consider that Street is arbitration eligible and presumably will make more then the $3.3M he earned in 2008. I'm thinking at least $4M. While this is not to be considered an overpriced amount, Street was likely to be the third or forth best reliever on the A's team (behind Devine, Casilla, and Ziegler), despite being the highest paid.

Another factor to consider is the value of relievers on the trade market. The first example is with the Rockies Brian Fuentes, whom the Rockies saw more value in keeping around as a likely type-A free agent, then moving for prospects. The second example, current Diamondbacks reliever Jon Rauch, who was acquired for Emilio Bonifacio.

In other words, that the A's are free from Street's salary was enough value for the club. That is not to say the Rockies did not do well in acquiring Street, rather, it is to suggest that the A's weren't going to get much for Street anyways. If one were to exchange Street's name for Emilio Bonifacio in this trade, doesn't it suddenly look much more attractive?

The last player proposed in this deal is left handed soft-tosser Gregory Smith. Smith was dependable for the Athletics during the 2008 season, however, Smith performed over his head and there was a good chance he wouldn't make it out of Spring Training with the big league club anyways.

As a fly ball pitcher that allows a lot of free passes, it is beyond me why the Rockies included Smith in this trade. But as a far as cheap and relatively durable left handed starter go, he is a fine option-just fine though, nothing more, nothing less.


It is the trades that Beane has made over the last year that has allowed him to make a move like this. Those trades, which brought aboard predominantly 'OK' prospects, made it easy for Beane to make this deal. Because the players Beane moved are simply 'OK', it wasn't as if he was hurting the short, nor long term value of his team.

What he did do, however, is yet to be seen. That is to say, Beane is not handcuffed to Holliday in any way, shape, or form. Holliday, however, is a bat that a team can build around-although presumably out of the A's price range. The true value of Holliday would never be achieved at Coors Field as GM's would constantly assert that his value is inflated by the ballpark.

What Beane did, however, is speed up that assessment. If his hunch is correct, and Holliday was not as much of a product of his home park as most would suggest, he increased the already high value of the slugger.

Because of this, I believe Beane will flip Holliday by the 2009 trade deadline and turn a profit. That is, he will net more then what he gave up.

Tags: Billy Beane, Carlos Gonzalez, Colorado Rockies, Houston Street, Matt Holliday, MLB, Oakland Athletics

Discussion

7 Comments on "Billy Beane's Holliday"

#1

user-pic

Posted by Evan, November 11, 2008 2:17 PM

You make a compelling case for Beane, but I'm not sold just yet. We'll see what else Beane does this offseason. If he does nothing else, this was a terrible trade.

Reply

#2

user-pic

Posted by Brandon H in reply to comment from Evan, November 11, 2008 3:25 PM

Why terrible?

Even if Holliday stays put and Beane only receives draft pick compensation for him, it's not as if he sent important players away. If anything, this makes the A's a better team at little to no cost.

Reply

#3

user-pic

Posted by Evan in reply to comment from Brandon H, November 11, 2008 4:18 PM

See, that's where I disagree. I think Beane sent away valued commodities.

Gonzalez is young and has a lot of potential. Yeah, he doesn't get on base a lot, but he was a very important part of the Dan Haren trade, perhaps even the centerpiece. He will hit for power once he matures into his body and everything points to him being at least a .275 hitter.

Having someone who can play centerfield, hit .275 with 15 HR is tremendously valuable, whether as a starter in his 0-3 years or as a backup in his 0-6 years.

Smith is a young, left-handed starter who, while homer-prone and needs to firm up his command, is still a young, left-handed starter. Where can you find that? By the way, a former homer-prone, control struggling left-handed pitcher? Jon Lester. I'm not saying he'll be Lester, but before all is said and done, Smith will spend 15 years in the bigs, logging much of that as a starter. I could see him being a Kenny Rogers type.

Street is being sold low. Even the Rockies are apparently going to flip him due to money issues. But how often can you find a relief pitcher that is as consistent and young as Street is? The relief market is so volatile, when you find a reliever that is as good as he is, you do what you can to hang onto him.

In return, the A's get Holliday, who may or may not be a Coors fluke (I, personally, don't believe he is, but the question still remains) and is a free agent after the year. In addition, it puts the onus on Beane to find some additional pieces to surround Holliday with and may end up investing in the wrong pieces, which could send the franchise back.

And if Beane shops Holliday? I very much doubt he can get the package of a young left-handed starter, efficient reliever, and solid outfield hitter that he shipped away. Perhaps if he sticks to asking for one piece he can receive a high-ceiling player but it's hard to argue against the package the Rockies got.

As for the compensation picks, for all the hoopla surrounding prospects these days, it is still true that very few prospects make it to the bigs and even fewer of those become stars. And Beane has whiffed on plenty of prospects as well. Known commodities are more valuable than unknown commodities.

Reply

#4

user-pic

Posted by Brandon H in reply to comment from Evan, November 11, 2008 5:06 PM

The problem is, you are overvaluing players who I'm not undervaluing.

I like Gonzalez. I think he is a fine young player and will be a very strong player in Colorado. I do not think he has the type of tools you can build around, and subsequently is more Mike Cameron then Grady Sizemore. Again fine, but never a player you refuse to move for a first round draft pick.

Smith is a useless chip in this deal. Beane would have given up 20 Smith's if thats what it took to make this deal, and he is completely justified in such. He's a mediocre inning eating pitcher. While he may stick in the bigs for a while, we're not talking a player who has much value. Consider that he would have a tough time cracking the A's rotation this year if they give Cahill a legitimate shot at the rotation.

Street, again, not worth much. The market on closers is very weak. Look what the Nats got for Rauch (a better closer), the Diamondbacks for Valverde (a better closer), and the Astros for Lidge (a better closer). The fact is, the Rockies saw that two high draft picks were worth more then prospects for Fuentes (a better closer).

Colorado made a nice deal. They brought in chips that are all solid, and Major League ready. This deal doesn't make them take a major step back, but it certainly does not make them take a major step forward.

Reply

#5

user-pic

Posted by Ricardo in reply to comment from Evan, November 11, 2008 6:16 PM

I like Gonzales as much as the next guy and didn't want him traded either. However, a .270 hitter with 15+ Hrs I think can be replaced by Cunningham, with a weaker arm.

Having Smith and Lester in the same sentence is ridiculous. Lester tops out at 96mph and Smith tops out out 90mph. Smith is at best a #4 guy, with an upside of a #3, while Lester is a #2/#1 starter.

As far as Street is concerned, he is anything but consistent. Granted he won the ROY award, but he has been INJURED every single year and seems to pitch through pain, and is always up and down every single year. Street also doesn't attack the strike zone enough and is way too hittable to be an elite closer. He's easily replaceable with Devine, who has better closer stuff, although I believe he's also injury prone.

Chavez and Crsoby come off the books next year, freeing up 17 million. Spend another 3 million at most, and you have Holliday locked down for years to come.

Reply

#6

user-pic

Posted by Evan in reply to comment from Brandon H, November 12, 2008 12:27 AM

Hard to argue against you, Brandon. You make good arguments.

Reply

#7

user-pic

Posted by payday loan software, November 12, 2008 5:27 PM

The A's are for sure on the winning end of this deal. They needed to do something major this off-season and they pulled the trigger on it. Great job!

Reply

Leave a comment