Maybe Cano Money Is Not Unreasonable for Heyward
Yesterday, Dave wrote an article about Jason Heyward’s next contract, and concluded with the idea that his next contract would almost definitely start with a two, and might even touch into the threes. When I suggested this to some of my friends they claimed that Heyward was not worth that price and completely disregarded the argument. This got me to thinking about what it would look like if we follow the projections.
After some great help from Neil and Jeff to get help with projections, I decided to try to tackle the question on my own. I started looking at Heyward’s WAR starting in 2016 (the first year of his next contract) and project that moving forward.
To start, I’m going to assume the value of a win next off-season will be roughly $6.3m ($6m this year with a 5 percent increase). Every year after that will go up by 5 percent through the end of the contract. Perhaps this isn’t the best way to go about this, but it is an idea that I have seen suggested several times.
After that, I went into the projections. Steamer projects Heyward to produce 4.4 wins next season, and (following the advice of Jeff and Neil), I assumed he would produce 4.4 wins every season from age-26 to 30 seasons, at which point I started taking a half-win off each following season until the tenth (and final) year of the proposed contract. In the end, Heyward projects to provide about 36.5 wins from 2016 to 2025.
Now that we have set up the parameters, we can get into the actual money of the deal. To find the value of each season I multiplied the WAR for an individual season by the dollars/WAR value for each season. Heyward’s value by season projects to go: $27.7m, $29.1m, $30.6m, $32.1m, $33.7m, $31.4m, $28.7m, $25.7m, $22.3m and $18.6m, for a total of $279.8 million over the ten seasons.
I know a lot of people are not quite as high on Heyward as I (and Steamer, apparently) am, so I also ran the numbers if Heyward produces 4 wins from 26-30, then a half-win less for each season after that. If that were to happen, Heyward would produce about 32.5 wins that would be valued at roughly $248 million.
Without assuming any breakout seasons, and even including the possibility that Heyward regresses a little before plateauing, he still projects to be worth over $225 million, and potentially in the neighborhood of $275 million without a breakout season in 2015. Heyward looks like he might be the guy that makes people realize that $200 million in today’s game isn’t what it used to be.