Is the offer fair?
https://www.overthemonster.com/2018/2/14/17010840/j-d-martinez-please-sign-with-the-red-sox
If you’ve been following the Martinez saga (and let’s be honest, there’s no way you haven’t. This is precisely the 853rd article written about J.D. Martinez since the off-season began), then you probably know that it’s a far cry from the $200 million contract he was reported to have been seeking and even the six year, $150 million contract that MLBTR predicted he would eventually sign.
The latest news, that the offer to Martinez is closer to being worth $100 million than $125 million, got me wondering where one should really draw the line with Martinez. How much is he worth, how much will he get, and if he signs elsewhere, do they really have a suitable plan B?
J.D. Martinez is a really good hitter.
His counting stats indicate he is most like Giancarlo Stanton, but he’s also similar to Jose Abreu and Edwin Encarnacion to a degree (names Boston has been tied to this off-season).
His batted ball profiles are close-ish to Mike Trout and Khris Davis! While Khris Davis is not great at generating contact all the time, when he hits it, it does go far. So this is rather encouraging.
His plate discipline leaves a little to be desired, as he is very much a free swinger, and compares most favorably to Nelson Cruz.
The names across the three lists he has the most overall similarities with appears to be Khris Davis and Nelson Cruz, although Giancarlo Stanton is up there as well.
J.D. Martinez, is 30, a mid-point between the two ages. While he is not going to get less than 20 million a year, he is unlikely to eclipse Stanton’s AAV, despite the fact Stanton’s contract did not happen on the open market. Encarnacion, who was coming off a 3.9 fWAR season himself, may be the best comparison we have, given he signed for less than expected, and was a prolific hitter the Red Sox were interested in. Encarnacion put up 2.5 fWAR in his first season in Cleveland. If he continues to do so the next two seasons, the Guardians will have paid 60 million dollars for 7.5 fWAR, a rough valuation of 8 million dollars per fWAR. I would propose given the free agent freeze, that 8 million dollars per fWAR is more likely a valuation than the 11.1 million proposed by Fangraphs last season.
Factoring that in, my final guess at Martinez’s “value” (roughly 8 million per fWAR) is set at 115.2 million dollars, over 5 years, adjust if you believe he will be worth a different amount than 14.4 fWAR.
It’s all well and good to say J.D. Martinez is “worth” 115.2 million dollars on the current market, but that’s not entirely reality. Value is dependent on exactly what teams are willing to pay you. It’s very possible Martinez is worth closer to the 160 million mentioned above. It’s also possible he’s actually worth more. But if Boston and Arizona do not want to pay him that much money, there are limited options for him to pursue to acquire his true worth.
I’m of the belief that Martinez will be signing in the next week or two, and that the contract is going to be seriously underwhelming, making the side that misses out on him wish they upped their offer.