What MLB Team's Off-season Investments Look Good?

Team_portfolios_2011_fa_medium
Free Agent ROI, year to date | click to enlarge

 

Yesterday, I discussed those 2011 positional free agents that have already paid for themselves (some several times over) with their performance on the field this year.

Today, I want to look at how teams overall fared with their investments this past off-season.

To do that, I simply took the data set of positional free agents, their cost, and return to date and aggregated them by team. (Note the data was pulled in February, so not all signings are represented.)

The team with the best ROI on their positional free agents so far (min. 2 signings)? The Cincinnati Reds.

Three of the four free agents the Reds signed have provided an ROI over 144% so far. And the fourth, Edgar Rentaria, is just about on pace to break even by the end of the year. Miguel Cairo ($1M investment, $6.8M in value), Ramon Hernandez ($3M, $8M), and Fred Lewis ($.9M, $2.2M) have all provided fantastic returns. Overall, the Reds turned $7M in signings into $18.2M in on-field performance.

Not too shabby.

The Cardinals and Rangers have also seen a nice return on their dollars, earning returns of 83% and 32% respectively.

Every other team that signed more than one positional free agent is currently in the red. 

Now, the season is only 60% finished. If we assume that players will continue accumulating value on their current pace we roughly four teams that could be in the black by year's end: The Mariners (-28%), Tigers (-30%), Dodgers (-39%), and Yankees (-45%).

What about those teams that just signed one player (or for which I only have data on one transaction)?

The Royals are the clear winner, hitting a home run with Melky Cabrera (1025% ROI). The Braves and Mets also reaped some health returns through their signing of Eric Hinske (256%) and Ronny Paulino (185%) respectively.

The rest of the one-shot teams are unlikely to break even at this point. Carlos Pena in Chicago should come close ($4.4M on $10M investment so far), but others such as Oakland (Matsui - -105%) and Cleveland (Kearns - -238%), and  are set to lose money. Houston has already released Bill Hall ( -320%), who is now providing no value for the Giants.

Now, of course we are only ranking teams based on the outcome of their investments. Whether or not those outcomes were due to superior decision making and approach, luck, or some combination of the two could fill another 12 posts.

For the full list of free agents by team, their value, and ROI see here.

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Beyond the Box Score

You must be a member of Beyond the Box Score to participate.

We have our own Community Guidelines at Beyond the Box Score. You should read them.

Join Beyond the Box Score

You must be a member of Beyond the Box Score to participate.

We have our own Community Guidelines at Beyond the Box Score. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9351_tracker