Is Crawford overpaid? Absolutely.
Is it a reflection of the current market, specially with the contract the Nationals gave Werth (which will undoubtedly be worse than the Crawford contract)? Yes sir.
My take:
The Sox figure that the market will explode again, specially with the talent pool in Free Agency thinning out in the next couple of years, and that stupid contract Werth received, the aggregate value of Crawford's production may just be around what he's actually going to be paid, specially with the likelihood of the dollar value of a win increasing in the next couple of years (thus increasing his WAR as well, just to address that argument.).
Pros:
- He's in his prime, he's an elite defender and base-stealer, as well as a dynamic player who can do everything well, although he doesn't excel at anything but speed. Added bonus: f***ed with the Yankees, since they would have gone after him if Lee hadn't signed.
Cons:
- He's close to a platoon player, specially when his wheels begin to go, much of his value relies on speed, whose future development is unpredictably, he's not very good at getting on base, and he doesn't like leading off. Tail-end of the contract a major concern.