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Lorenzo Cain Follow-Up: Market Value and 2018 Projections

As one of the remaining top free agents, Cain agreed to a 5yr/$80M deal with the Milwaukee Brewers. Reports indicate that Cain will earn $75M from 2018 to 2022 ($13M/$14M/$15M/16M/$17M) plus incentives, in addition to a deferred yearly payment of $1M for years 2023-2027 ($5M total). Based on Cain’s projected Market Value, he should be worth close to 9.6 sWAR for the next 3 years ($84M approx. Assuming 5% inflation per year). Understandably, Cain’s history regarding injuries and durability is a considerable factor moving forward.

A new home should benefit Cain’s offensive output. For the past 3 years, Miller Park has averaged a 106 HR Factor for RHB; which is significantly (P = 0.03) higher than Kauffman Stadium’s 88 (RHB) in the same period. Moreover, Cain has not “slowed” down, his sprint speed for last year (29.1 ft./sec) ranked him in the top 20 overall, in addition to being ranked in the top 10 among Center-Fielders as well.

Based on the aforementioned factors, Cain’s 2018 updated projections represent an increase in both OPS and ISO from last season. He should be able to get on-base at an above-average rate (0.358 OBP) in addition to an increase in SLG from last year. Although his wOBA is projected to regress marginally, Cain’s updated projections still aim toward a 3.7 sWAR (as a CF) for this upcoming season. Please find Cain’s updated 2018 projections in the chart below.

2018 Projections: Lorenzo Cain

YEAR AGE sWAR wOBA OBP SLG OPS ISO AVG K% BB%
2015 29 5.5 0.360 0.361 0.477 0.838 0.170 0.307 16.2% 6.1%
2016 30 2.7 0.322 0.339 0.408 0.747 0.121 0.287 19.4% 7.1%
2017 31 4.1 0.347 0.363 0.440 0.803 0.140 0.300 15.5% 8.4%
2018 32 3.7 0.336 0.358 0.457 0.815 0.157 0.300 16.9%

7.4%

———————————————————————————————————————————————————Disclaimer: SEG projections are computer-based projections of performance based on the “SEG Projections System” framework. Regarding Wins Above Replacement (WAR), sWAR is the “SEG Projection System” calculation of WAR. sWAR will always stand for WINS ABOVE REPLACEMENT (“WAR”), unless noted otherwise.

 


J.D. Martinez: Market Value and 2018 Projections

J.D. Martinez had another great year in 2017. With 3.9 sWAR[1] and a .430 wOBA, J.D. contributed well above average once again. Offensively (wOBA) he has been able to consistently contribute year after year since 2014. J.D. does carry some defensive shortcomings, yet he is an excellent asset in any lineup.

For the past three years he has been able to get on base at an above-average rate (.364 OBP), alongside an excellent .289 ISO and a .587 SLG. He does carry a lifetime 25% K-rate (approx.), but as long as he is able to produce and contribute the way he has, he should be able to make an impact in any organization.

In 2018[2], J.D. should see a slight decrease in wOBA (.395). Based on the 2018 projections, both OPS and ISO should decline marginally; nevertheless, J.D. should be able to perform as a top-caliber player.

Please find J.D.’s 2018 projections in the table below.

2018 Projections: J.D. Martinez
YEAR AGE sWAR wOBA OBP SLG OPS ISO AVG K% BB%
2015 28 4.7 0.372 0.344 0.535 0.879 0.253 0.282 27.1% 8.1%
2016 29 2.0 0.384 0.373 0.535 0.908 0.228 0.307 24.8% 9.5%
2017 30 3.9 0.430 0.376 0.690 1.066 0.387 0.303 26.2% 10.8%
2018 31 3.6 0.395 0.365 0.591 0.955 0.293 0.298 26.0% 9.6%

Projections: “SEG Projection System” (Including sWAR for 2015-2018)

sWAR = “SEG Projection System” calculation of WAR  

J.D. Martinez’s estimated AAV is around $27M, based on a five-year/$135M contract. J.D. is projected for 14.6 sWAR for the next five years.

Market Value: J.D. Martinez

YEAR AGE sWAR Value $WAR
2018 31 3.6 30.6 $8.4
2019 32 3.5 30.7 $8.8
2020 33 3.0 27.5 $9.2
2021 34 2.5 24.2 $9.7
2022 35 2.0 20.3 $10.2
TOTAL 14.6 $133.4

sWAR = “SEG Projection System” calculation of WAR 

$WAR: Adjusted for Inflation (5% per year)

[1] sWAR = “SEG Projection System” calculation of WAR

[2] 2018 Projections: JD Martinez (SEG Projection System)


Eric Hosmer: Market Value and 2018 Projections

Hosmer certainly had his best season so far, with a 4.0 sWAR[1] and a .376 wOBA. Overall, consistency has not been there; over the past three years his offensive output has fluctuated, and that is something that can be said for his entire career. When looking at his offensive contribution, it seems that he has a “quality” season every other year. Nonetheless, Hosmer has been able to get on-base at an above-average rate of .359 OBP for the past three seasons. Also, he has managed to strike out (K%) at an average rate of 17.2% for the same period of time.

Moving forward, Hosmer’s offensive output for 2018 is projected[2] to see a slight decline. As previously mentioned, consistency is not his strength, and this should be reflected on his overall contribution for next year. A decline in wOBA (.351) from last year, alongside an increased K% (17.1%) will negatively impact his sWAR (2.6) in 2018.

Below you can find a detailed 2018 projection.

2018 Projections: Eric Hosmer
YEAR AGE sWAR wOBA OBP SLG OPS ISO AVG K% BB%
2015 25 2.7 0.355 0.363 0.459 0.822 0.162 0.297 16.2% 9.1%
2016 26 0.2 0.326 0.328 0.433 0.761 0.167 0.266 19.8% 8.5%
2017 27 4.0 0.376 0.385 0.498 0.883 0.180 0.318 15.5% 9.8%
2018 28 2.6 0.351 0.359 0.467 0.825 0.173 0.294 17.1% 9.2%

Projections: “SEG Projection System” (Including sWAR for 2015-2018)

sWAR = “SEG Projection System” calculation of WAR

Eric Hosmer’s estimated AAV is $21M, based on a five-year/$105M contract. He should be worth about 11.5 sWAR over the next five seasons. There has been a lot of noise regarding dollar amount and duration of contract. Going up to a seven-year agreement, he should be worth no more than $124M.

Market Value: Eric Hosmer

YEAR

AGE sWAR Value $WAR
2018 28 2.6 $21.8 $8.4
2019 29 2.6 $22.9 $8.8
2020 30 2.6 $23.9 $9.2
2021 31 2.1 $20.4 $9.7
2022 32 1.6 $16.3 $10.2
2023 33 1.1 $11.8 $10.7
2024 34 0.6 $6.7 $11.2
TOTAL 13.2 $123.8

 

sWAR = “SEG Projection System” calculation of WAR 

$WAR: Adjusted for Inflation (5% per year)

 

[1] sWAR = “SEG Projection System” calculation of WAR

[2] 2018 Projections: Eric Hosmer (SEG Projection System)


Lorenzo Cain: Market Value and 2018 Projections

After a strong 2017 (.347 wOBA, 4.1 sWAR[1]), Lorenzo Cain is one of the top remaining free agents. As a plus center fielder, defense is one of Cain’s greatest assets. On the other hand, Cain’s durability is a big question, having played just once over 140 games in a single season (2017). Injuries and age are both substantial concerns moving forward.

If able to stay healthy for at least 130 games in 2018, Cain is projected[2] to get on-base at an above-average rate (.356 OBP). Based on the projections, Cain should see a slight increase in both SLG and ISO from last year. Nonetheless, his wOBA should see a decrease in conjunction with an increase in K%. An overall decrease in offensive output will impact Cain’s sWAR (3.7) for 2018.

2018 Projections: Lorenzo Cain
YEAR AGE sWAR wOBA OBP SLG OPS ISO AVG K% BB%
2015 29 5.5 0.360 0.361 0.477 0.838 0.170 0.307 16.2% 6.1%
2016 30 2.7 0.322 0.339 0.408 0.747 0.121 0.287 19.4% 7.1%
2017 31 4.1 0.347 0.363 0.440 0.803 0.140 0.300 15.5% 8.4%
2018 32 3.7 0.330 0.356 0.443 0.798 0.145 0.298 16.9% 7.4%

Projections: “SEG Projection System” (Including sWAR for 2015-2018)

sWAR = “SEG Projection System” calculation of WAR  

Lorenzo Cain’s estimated AAV is around $21M per year, based on a four-year/$84M contract. He should be worth about 10 sWAR over the next three years. Staying healthy is crucial; as long as his speed does not drop dramatically, he should be able to significantly contribute for the next 2-3 seasons.

Market Value: Lorenzo Cain
YEAR AGE sWAR Value $WAR
2018 32 3.7 $31.2 $8.4
2019 33 3.2 $28.3 $8.8
2020 34 2.7 $24.9 $9.2
TOTAL 9.6 $84.4  
sWAR = “SEG Projection System” calculation of WAR 
$WAR Adjusted for Inflation (5% per year)

[1] sWAR = “SEG Projection System” calculation of WAR

[2] 2018 Projections: Lorenzo Cain (SEG Projection System)