Jesse Hiss, Jack Pillsbury, Mick Schroeder, Clayton Vance, Harrison Williams Outline • 1) Projecting Hamels future value using his current value with risk involved • 2) Putting a dollar value on that WAR • 3) Finding possible trade partners • 4) Valuing those prospects based on WAR, age, position, and rank and associated a dollar value with that • 5) Coming up with possible trade packages that provides the most value for the teams involved • 6) Estimating added wins • 7) Calculating added revenue for those teams Stage 1 Finding Hamels Present and Future Value • To find Hamels PV we used a combination of our own SIERA calculation and a consistency rating. • Calculated SIERA – K% , BB% , GB – (FB+IFFB) • Consistency rating – Our SIERA + WAR + FIP weighted over the last 3 years Hamels Current Value 2014 1 Pitcher Name 2 Clayton Kershaw 3 Felix Hernandez 4 David Price 5 Stephen Strasburg 6 Corey Kluber 7 Hisashi Iwakuma 8 Chris Sale 9 Phil Hughes 10 Zack Greinke 11 Brandon McCarthy 12 Madison Bumgarner 13 Jordan Zimmermann 14 Jeff Samardzija 15 Jon Lester 16 Max Scherzer 17 Alex Wood 18 Johnny Cueto 19 Dallas Keuchel 20 Garrett Richards 21 Alex Cobb Team IP Dodgers Mariners --Nationals Indians Mariners White Sox Twins Dodgers --Giants Nationals ----Tigers Braves Reds Astros Angels Rays 22Cole Hamels Phillies 23 James Shields 24 Hiroki Kuroda 25 Mike Leake 26 Adam Wainwright Royals Yankees Reds Cardinals 198.1 236 248.1 215 235.2 179 174 209.2 202.1 200 217.1 199.2 219.2 219.2 220.1 171.2 243.2 200 168.2 166.1 W 21 15 15 14 18 15 12 16 17 10 18 14 7 16 18 11 20 12 13 10 L 3 6 12 11 9 9 4 10 8 15 10 5 13 11 5 11 9 9 4 9 WAR 7.2 6.2 6.1 4.3 7.3 3.2 5.4 6.1 3.9 3 3.6 5.2 4.1 6.1 5.6 2.5 4.1 3.9 4.3 2.7 Calculated SIERA 2.05 2.57 2.70 2.71 2.73 2.79 2.81 2.93 2.96 2.98 3.05 3.08 3.11 3.23 3.36 3.40 3.41 3.44 3.50 3.50 204.2 9 9 3.8 3.54 227 199 214.1 227 14 11 11 20 8 9 13 9 3.7 3.5 1.9 4.5 3.56 3.57 3.58 3.59 2012-2014 Pitcher Name Calculated SIERA Consistency Value 1 Felix Hernandez 2.86 24.45 2 Clayton Kershaw 2.80 24.36 3 David Price 3.05 24.12 4 Chris Sale 2.99 24.11 5 Max Scherzer 3.26 23.84 6 Zack Greinke 3.31 23.78 3.40 23.71 8 Madison Bumgarner 3.32 23.69 9 James Shields 3.55 23.65 10 Adam Wainwright 3.24 23.63 11 Jeff Samardzija 3.48 23.21 12 R.A. Dickey 3.94 23.17 13 Jordan Zimmermann 3.40 23.08 14 Justin Verlander 3.88 22.96 15 Hiroki Kuroda 3.60 22.90 7 Cole Hamels Stage 1 Finding his future value over control years • Combination of projected WAR calculations and player comparisons • Weighted his projected WAR at 40% and his player comps at 60% • Comparisons - pitchers with similar: • • • • • stats through age 30 physical attributes mechanics pitching style pitch tendencies Pitchers Comparisons Tom Glavine Roy Oswalt Chuck Finley Cliff Lee Mark Buehrle Pedro Martinez The Johan Santana Comparison Hamels • Cole Hamel’s Pitch Breakdown compared to Johan Santana’s • Average Velocity on FB over course of career both 91.2 FB CH CT CB 94 Santana 93 92 91 Hamels 90 Santana 89 FB CH 88 SL 87 Other 86 26 27 28 29 30 31 Stage 1 Hamels WAR from 31-35 Age aWAR GlaWAR OswWAR FinWAR LeeWAR BeuWAR PedWAR HamWAR weiAVG 5/3/2 proj 26 5.2 4.7 6.3 3.6 4.2 6 6.4 3.5 5.05 27 5 3.5 5.6 4.5 2.7 1.8 11.9 4.7 4.71 28 4.233333 3.4 5.6 2.8 0.2 3.5 9.9 4.4 4.06 29 4.5 4.2 4.4 1.2 7.1 4.3 5.8 4.1 4.1 30 5.1 5.1 3.1 4.9 6.5 3.2 7.8 3.8 4.88 31 4.766667 3.6 3 3.5 7 3.7 7.8 4.23 4.01 32 4.816667 4.7 4.3 4.3 6.5 3.4 5.7 4.69 4.03 33 4.016667 4.2 2.5 4.9 4.8 1.9 5.8 3.99 4.22 34 2.966667 4.5 0.7 2.8 5.1 2.7 2 3.03 4.20 35 2.216667 1.5 0.9 4.5 1.7 3.5 1.2 2.17 3.86 Standard Deviation = 1.85 Tot_AVG UP_AVG 4.14 4.43 4.08 3.50 2.85 95% Confidence Interval = +/- 0.66 Wins LOW_AVG 4.80 3.49 5.08 3.77 4.74 3.42 4.15 2.84 3.50 2.19 Stage 1 Hamels WAR from 31-35 Future WAR 9 8 Age 7 WAR 31 4.14 5 32 4.43 33 4.08 34 3.50 35 2.85 WAR 6 4 3 2 1 0 30 31 32 33 34 35 36 Age Chuck Finley Cliff Lee Mark Buehrle Tom Glavine Pedro Martinez Roy Oswalt Average 37 Stage 1 95% Confidence Interval Future WAR 9 8 7 WAR 6 5 4 3 2 1 0 30.5 31 31.5 32 32.5 33 33.5 34 34.5 Age Chuck Finley Cliff Lee Mark Buehrle Tom Glavine Roy Oswalt Tot_AVG Upper Average Lower Average Pedro Martinez 35 35.5 Stage 2 Putting a Dollar Value on Hamels WAR Age WAR Expected Value WAR Value NPV Expected $126,602,538.67 Contract 31 4.142 $28,994,000.00 $7,000,000.00 $23,500,000.00 32 4.426 $32,534,040.00 $7,350,000.00 $23,500,000.00 33 4.080 $31,489,869.60 $7,717,500.00 $23,500,000.00 34 3.497 $28,334,196.20 $8,103,375.00 $23,500,000.00 35 2.845 $24,207,392.36 $8,508,543.75 $20,000,000.00 NPV Contract $99,000,360.18 Surplus $27,602,178.49 Stage 3 Risk Assessment- Hamels • Factors that influence future injuries, ranked in order of importance – Past Injuries – Decreased FB Velocity – Pitch Type – Mechanics – Injury Before Age 24 – Pitcher Comparisons Past Injuries • 2004- Elbow Tendonitis (minors) missed 40 games (20) • 2007- Elbow Ligament soreness, missed 30 games (23) • 2011- Surgery on elbow in off season, returned healthy for 2012 opener • 2013- Reported shoulder soreness, nothing came of it Injury Adjustment Age WAR Expected Value WAR Value NPV Excpected Contract 31 4.14 $28,994,000.00 $7,000,000.00 $126,602,538.67 $23,500,000.00 32 4.43 $32,534,040.00 $7,350,000.00 $23,500,000.00 33 4.08 $31,489,869.60 $7,717,500.00 $23,500,000.00 34 3.50 $28,334,196.20 $8,103,375.00 $23,500,000.00 35 2.85 $24,207,392.36 $8,508,543.75 $20,000,000.00 NPV Contract $99,000,360.18 NPV Surplus Value Adjustment after Injury Assessment $27,602,178.49 $30,362,396.34 Stage 3 Finding Possible Trade Partners Nationals Max Scherzer Stephen Strasburg Jordan Zimmermann Gio Gonzalez Doug Fister Total War With Hamels % Increase WAR Dodgers Clayton 4.9 Kershaw 3.7 Zack Greinke WAR Cardinals Adam 5.9 Wainwright Carlos 3.2 Martinez 3.7 Hyun-Jin Ryu 2.6 Lance Lynn Brandon Michael 2.6 McCarthy 1.9 Wacha Brett 2 Anderson 0.7 John Lackey 16.9 13.6 17.8 16.5 5.33% 21.32% WAR Red Sox 3.9 Rick Porcello 2.3 Wade Miley Clay 2.8 Buchholz Justin 1.7 Masterson 1.8 Joe Kelly 12.5 13.6 8.80% WAR Pirates 2.9 Gerrit Cole Francisco 2.4 Liriano Vance 1.7 Worley WAR Blue Jays Marcus 2.6 Stroman Mark 2.3 Buehrle Drew 1.2 Hutchison WAR Cubs 2.8 Jon Lester Kyle 2.6 Hendricks WAR 4 2.6 1.8 Jake Arrieta 1.7 Jason 1.4 A.J. Burnett 1.5 R.A. Dickey 1.9 Hammel 1.2 Marco Tsuyoshi 0.6 Jeff Locke 0.3 Estrada 0.9 Wada 0.8 9 7.9 10 10.3 11.3 10.5 12 12.4 25.56% 32.91% 20.00% 20.39% Stage 4 Valuing Prospects • Method: – Player age, position and level gave us a risk value (low, med, high) – Examined prospect ranking charts – Equated above findings to find their surplus value over first 6 years of service time Trade Option 2 Jameson Taillon (RHP) Age: 23 • Total Surplus Value = $26.88 • Baseball America #31 Pirates #2 • Scouting grades: Fastball: 65 | Curveball: 60 | Changeup: 55 | Control: 55 | Overall: 60 • “potential number two starter” • 2nd Overall Pick in the 2010 Draft out of HS Austin Meadows (OF) Age: 19 • Total Surplus Value= $22.54 Million • Baseball America #46 Pirates #4 • Scouting grades: Hit: 60 | Power: 55 | Run: 65 | Arm: 40 | Field: 60 | Overall: 55 • “He has a smooth left-handed swing and an advanced approach at the plate” • 9th pick in 2013 Draft out of HS Jacoby Jones (2B/OF) Age: 22 • Total Surplus Value≈ 5 Million. • Pirates #12 • Scouting grades: Hit: 40 | Power: 50 | Run: 65 |Arm: 55 | Field: 50 | Overall: 45 • “Jones has the tools to do just about everything on the baseball field” • 3rd Round Pick in 2013 out of LSU Trade Option 2 - Pirates NPV Received Pirates Get $52,009,779.69 $21,647,383.35 Hamels $30,362,396.34 Jones $51,800,000.00 $52,009,779.69 CASH Give NPV Given $51,800,000.00 $4,733,333.33 Meadows $21,466,666.67 Taillon $25,600,000.00 Trade Option 2 - Phillies NPV Received Phillies Get Jones $51,800,000.00 $52,009,779.69 $51,800,000.00 $4,733,333.33 Meadows $21,466,666.67 Taillon $25,600,000.00 Give NPV Given $52,009,779.69 CASH $21,647,383.35 Hamels $30,362,396.34 Converting Wins to Revenue Increase in wins effect on playoff revenue Increase in wins effect on ticket revenue Postseason Effect on Revenue 0.12 % Increase in Revenue 0.1 0.08 0.06 0.04 0.02 0 Making the Playoffs Not Making the Playoffs Pirates Pirates • 2014 vs. 2013 – 14.6% increase in revenue • Average 10.1% and 14.6% • 12.35% Increase Playoff Percentage vs. Wins 100.00% 90.00% 80.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 65 70 75 80 85 90 95 100 Non Linear Regression 100.00% 90.00% 80.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 65 70 75 80 85 90 95 100 105 Non Linear Regression Wins Wins Regression 100.00% 90.00% 80.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 70 75 80 85 90 95 100 PO% 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 8.73% 10.42% 12.48% 14.99% 18.07% 21.81% 26.35% 31.77% 38.13% 45.37% 53.26% 61.42% 69.33% 76.45% 82.37% 86.91% 90.12% 92.23% 93.52% 94.25% 94.65% Trade Option 2 – Playoff Revenue Added Wins Pirates Phillies (Year 6) 2014 Rev $204,000,000.00 $265,000,000.00 Playoffs $229,200,876.40 $291,765,000.00 No Playoffs $217,286,630.54 $280,635,000.00 $11,914,245.86 $11,130,000.00 3.8 3.1 Rev Dif Wins added Wins bef 84.2 PO% bef 46.9% Wins aft 88.0 PO% aft 76.5% PO% Dif 29.6% 11.1% $3,520,939.19 $1,237,309.60 Rev Added PO% 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 5.53% 6.29% 7.23% 8.42% 9.93% 11.88% 14.38% 17.63% 21.82% 27.18% 33.92% 42.12% 51.58% 61.77% 71.79% 80.68% 87.76% 92.81% 96.07% 98.00% 99.05% Wins vs. Attendance 5000000 4500000 4000000 3500000 3000000 2500000 2000000 1500000 1000000 500000 0 60 65 70 75 80 85 90 95 100 Trade Option 2 – Ticket Revenue Added Pirates Wins added Wins bef Attendance bef Wins aft Phillies (Year 6) 3.8 3.1 84.2 2,566,700.0 88.0 Attendance aft 2,810,667.0 Attendance Dif 243,967 197,358 Avg Ticket Price $73.91 $82.10 $18,031,601 $16,203,092 Ticket Rev Added Trade Option 2 – Total Revenue Added Pirates Phillies (Year 6) Playoff Rev Added $1,237,310 $3,520,939 Ticket Rev Added $16,203,092 $18,031,601 Sum Rev Added $17,440,401 $21,552,540 Total Rev Added Avg Rev Added $38,992,942 $19,496,471 Red Sox Surplus OF Red Sox WAR Mookie Betts 3.4 Rusney Castillo Daniel Nava Allen Craig 2.6 Shane Victorino Brock Holt 1.5 Jackie Bradley Jr. 1.4 0.9 1.4 1 Projecting Nava’s Potential Effect Nava WAR = 1.4 Blue Jays Jose Bautista Michael Saunders* Kevin Pillar WAR Cardinals 5.2 Matt Holliday 1.9 Jason Heyward 0.7 Jon Jay 0.2 Dalton Pompey WAR 4.9 0.3 1.6 2 8.8 8.2 -6.82% Cubs 2.8 Jorge Soler 4.9 Dexter Fowler 1.4 Chris Denorfia 1.4 Peter Bourjos 8 9.2 15.00% Dodgers Yasiel Puig Andre Ethier Carl Crawford Joc Pederson WAR 10.5 10.5 0.00% Nationals Bryce Harper Jayson Werth Denard Span Tyler Moore WAR Arismendy Alcantara WAR 2.2 1.3 0.4 0.5 4.4 5.3 20.45% Pirates WAR 4.2 Andrew McCutchen 6.1 2.8 Starling Marte 3.3 2.7 Josh Harrison 2.8 0.1 Gregory Polanco 0.8 9.8 13 11.1 13.6 13.27% 4.62% Projecting Nava’s Potential Effect Nava WAR = 1.4 Blue Jays Jose Bautista Michael Saunders* Kevin Pillar WAR Cardinals 5.2 Matt Holliday 1.9 Jason Heyward 0.7 Jon Jay 0.2 Dalton Pompey WAR 4.9 0.3 1.6 2 8.8 8.2 -6.82% Cubs 2.8 Jorge Soler 4.9 Dexter Fowler 1.4 Chris Denorfia 1.4 Peter Bourjos 8 9.2 15.00% Dodgers Yasiel Puig Andre Ethier Carl Crawford Joc Pederson WAR 10.5 10.5 0.00% Nationals Bryce Harper Jayson Werth Denard Span Tyler Moore WAR Arismendy Alcantara WAR 2.2 1.3 0.4 0.5 4.4 5.3 20.45% Pirates WAR 4.2 Andrew McCutchen 6.1 2.8 Starling Marte 3.3 2.7 Josh Harrison 2.8 0.1 Gregory Polanco 0.8 9.8 13 11.1 13.6 13.27% 4.62% Who needs closer help? Blue Jays WAR Brett Cecil Nationals Drew Storen Cardinals WAR 0.5 Trevor Rosenthal WAR Pirates 0.3 Mark Melancon Cubs WAR 1 Hector Rondon WAR Red Sox 0.9 Koji Uehara Dodgers 0.3 Kenley Jansen WAR 1 WAR 1.3 Who needs closer help? Blue Jays WAR Brett Cecil Nationals Drew Storen Cardinals WAR 0.5 Trevor Rosenthal WAR Pirates 0.3 Mark Melancon Cubs WAR 1 Hector Rondon WAR Red Sox 0.9 Koji Uehara Dodgers 0.3 Kenley Jansen WAR 1 WAR 1.3 Trade Option 1 Manuel Margot (OF) Age: 20 • Total Surplus Value= $20.4 Million • Baseball America #99 Red Sox # 5 • Scouting grades: Hit: 55 | Power: 40 | Run: 65 | Arm: 50 | Field: 60 | Overall: 50 • “very quick hands and a patient approach at the plate” • “Already skipped a level, on track to reach the Majors at age 22” Eduardo Rodriguez (LHP) Age: 21 • Total Surplus Value= $17.8 Million • Baseball America #65 Red Sox #4 • Scouting grades: Fastball: 55 | Slider: 50 | Changeup: 50 | Control: 50 | Overall: 50 • “throws his fastball in the low 90s, with good sink and movement” • “profiles as a possible middle-of-the rotation starter” Jeff Hoffman (RHP) Age: 22 • Total Surplus Value= $14.2 Million • Baseball America #87 Blue Jays #3 • Scouting grades: Fastball: 65 | Curveball: 65 | Changeup: 55 | Control: 55 | Overall: 55 • “he works in the mid 90s and hits 98 mph with his fastball” • 9th pick in the 2014 Draft Trey Ball (LHP) • Total Surplus Value≈ 4 million Age: 20 • Red Sox #11 • Scouting grades: Fastball: 60 | Curveball: 55 | Changeup: 55 | Control: 45 | Overall: 50 • “An excellent athlete, Ball was considered the top two-way player in the 2013 Draft class (7th overall)” • “Ball's ceiling might be the highest of all of the Red Sox pitching prospects” Trade Option 1 - Blue Jays NPV Received Blue Jays Get $13,528,639.46 $7,437,641.72 Nava $12,430,000.00 Papelbon -$6,339,002.27 Hoffman $13,533,333.33 $13,528,639.46 CASH Give NPV Given $13,533,333.33 $13,533,333.33 Trade Option 1 - Red Sox NPV Received Red Sox Get $52,009,779.69 NPV Given $52,563,333.33 $52,009,779.69 CASH $21,647,383.35 Hamels $30,362,396.34 Give $52,563,333.33 Ball $3,800,000.00 Margot $19,400,000.00 Nava $12,430,000.00 Rogriguez $16,933,333.33 Trade Option 1 - Phillies NPV Received Phillies Get Ball $53,666,666.67 $53,108,419.15 $53,666,666.67 $3,800,000.00 Hoffman $13,533,333.33 Margot $19,400,000.00 Rogriguez $16,933,333.33 Give NPV Given $53,108,419.15 CASH $29,085,025.08 Hamels $30,362,396.34 Papelbon -$6,339,002.27 Trade Option 1 – Playoff Revenue Added Red Sox Blue Jays Phillies (Year 6) 2014 Rev $357,000,000.00 $218,000,000.00 $265,000,000.00 Playoffs $393,057,000.00 $240,018,000.00 $291,765,000.00 No Playoffs $378,063,000.00 $230,862,000.00 $280,635,000.00 $14,994,000.00 $9,156,000.00 $11,130,000.00 3.5 2.0 3.2 Wins bef 87.0 84.0 PO% bef 69.3% 45.4% Wins aft 90.5 86.0 PO% aft 88.7% 61.4% PO% Dif 19.3% 16.1% 11.47% $4,031,067.13 $1,469,993.20 $1,276,635.32 Rev Dif Wins added Rev Added Trade Option 1 – Ticket Revenue Added Red Sox Wins added Blue Jays Phillies (Year 6) 3.5 2.0 87.0 84.0 2,744,500 2,554,000 90.5 86.0 Attendance aft 2,969,417 2,681,000 Attendance Dif 224,917 127,000 204,724 Avg Ticket Price $141.59 $104.54 $82.10 $31,845,998 $13,276,580 $16,807,840 Wins bef Attendance bef Wins aft Ticket Rev Added 3.2 Trade Option 1 – Ticket Revenue Added Red Sox Wins added Blue Jays Phillies (Year 6) 3.5 2.0 87.0 84.0 2,744,500 2,554,000 90.5 86.0 Attendance aft 2,969,417 2,681,000 Attendance Dif 224,917 127,000 204,724 Avg Ticket Price $141.59 $104.54 $82.10 $31,845,998 $13,276,580 $16,807,840 Wins bef Attendance bef Wins aft Ticket Rev Added 3.2 Trade Option 1 – Ticket Revenue Added Red Sox Wins added Blue Jays Phillies (Year 6) 3.5 2.0 87.0 84.0 2,744,500 2,554,000 90.5 86.0 Attendance aft 2,969,417 2,681,000 Attendance Dif 224,917 127,000 204,724 Avg Ticket Price $141.59 $104.54 $82.10 $31,845,998 $13,276,580 $16,807,840 Wins bef Attendance bef Wins aft Ticket Rev Added 3.2 ÷ 224,917 81 Home games 2,776 Per Game 37,811 Max Capacity - 36,495 Avg Attendance 1,316 Per Game Trade Option 1 – Total Revenue Added Red Sox Blue Jays Phillies (Year 6) Playoff Rev Added $4,031,067 $1,469,993 $1,276,635 Ticket Rev Added $31,845,998 $13,276,580 $16,807,840 Sum Rev Added $35,877,065 $14,746,573 $18,084,476 Total Rev Added Avg Rev Added $68,708,114 $22,902,705 Sources • • • • • • • • • • • • • • • • http://www.fangraphs.com http://www.baseball-reference.com http://www.fangraphs.com/coolstandings.aspx http://www.draysbay.com/2012/3/9/2847644/prospect-values http://boston.redsox.mlb.com/mlb/prospects/watch/y2014/#list=tor http://www.minorleagueball.com/2015/1/19/7815629/boston-red-sox-top-20-prospects-for-2015 http://www.minorleagueball.com/2015/1/23/7878709/pittsburgh-pirates-top-20-prospects-for-2015 http://www.spotrac.com/mlb/philadelphia-phillies/cole-hamels/ http://www.hardballtimes.com/methodology-and-calculations-of-dollars-per-war/ http://www.rotochamp.com/baseball/TeamPage.aspx?TeamID=PIT&StatType=RotoChamp http://www.fangraphs.com/projections.aspx?pos=of&stats=bat&type=zips&team=14&players=0 http://www.fangraphs.com/statss.aspx?playerid=4972&position=P http://www.baseball-almanac.com/baseball_attendance.shtml http://www.baseball-reference.com/leagues/MLB/ http://blog.tiqiq.com/2014/03/2014-mlb-tickets-prices-by-team/ Diamond Dollars by Vince Gennaro Questions?
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