Now, I'm not talking about your standard JoeReardon (for those unfamiliar, a JoeReardon is a trade offer that is so outrageous that it implies the sender thinks you've never watched a baseball game). Those I can laugh off. I'm talking about when a manager offers you a trade, then within a very short amount of time offers you a second trade, with very similar pieces, that is clearly worse. For example, I got this offer today in a 12-team, AL-only keeper league:
My team would trade:
- David Price
- 7th Round Draft Pick
My team would receive:
- Erick Aybar
- Trevor Cahill
- 8th Round Draft Pick
I wasn't particularly interested in this trade, not being altogether high on Erick Aybar, but it's certainly not an insulting offer. Fifteen minutes later, I was offered this:
My team would trade:
- David Price
My team would receive:
- Erick Aybar
- 2nd Round Draft Pick
About three hours later, I received this offer:
My team would trade:
- David Price
- 3rd Round Draft Pick
My team would receive:
- Trevor Cahill
- 2nd Round Draft Pick
- 9th Round Draft Pick
Let's ignore the fact that Cahill is owned in 10.6% of leagues while Price and Aybar are both owned in 98% of them, which includes mixed leagues. Let's suppose we suspend our disbelief and say that Trevor Cahill is AS valuable as Erick Aybar. The third trade offer says to me that at some point since the second offer was sent (three hours ago), David's stock has dropped so far that if I still want to pull the trigger on this deal I'm going to have to sweeten the pot.
The convoluted point I am trying to make is that if you're going to offer me a trade for someone, start with your worst offer and work your way up. I'm not desperately trying to unload David Price and worrying that his value is dropping. I'm not going to panic and jump on your latest offer just because your offers keep getting worse.
Here is a mathematical representation of the three trade offers using Average Draft Position and draft pick selection numbers. I'll assign a value represented by 1000/ADP or 1000/Pick #.
Erick Aybar = EA
ADP: 77.4
Calculated Value: 12.92
Trevor Cahill = TC
ADP: 119.85
Calculated Value: 8.34
David Price = DP
Trade offer number one supposes that David Price's worth is equivalent to this equation:
DP+7th Rounder (4.95)=EA+TC+8th Rounder (4.78)
DP=12.92+8.34+4.78-4.95
David Price's perceived value: 21.09 (roughly equivalent to an ADP of 47.4)
Trade offer number two, fifteen minutes later:
DP=EA+2nd Rounder (7.30)
DP=12.92+7.30
David Price's perceived value: 20.22 (roughly equivalent to an ADP of 49.5)
Uh-oh. David's price seems to be dropping. Maybe it will rally at the end of the day, like the stock market. Let's see offer number three:
DP+3rd Rounder (6.80)=TC+2nd Rounder (7.30)+9th Rounder (4.57)
DP=8.34+7.30+4.57-6.80
David Price's perceived value: 13.41 (roughly equivalent to an ADP of 74.6)
So, in three short hours, David Price dropped 28 slots in value. That's a pretty scary trend. Maybe I should unload him to the next manager who offers me an untested pitcher on a mediocre ball club whose K/9 rate is only 4.53 higher than mine is. Maybe not.
David Price's real ADP? About 82.95, which isn't the point and still doesn't make any of these offers particularly good deals.
The "diminishing offers" strategy only works on sitcoms or when there is some increasing threat of harm underpinning the whole exchange. "Give me a pick and David Price and I'll give you Aybar and Cahill and a pick. Oh, and I have David Price tied up in my basement"..."Okay, I am dragging David Price to the shed now. Give me David Price and I'll give you Aybar and a pick"..."Alright, I've got Price suspended over the wood-chipper now. Give me Price and you get Cahill."
ReplyDeleteThat guy's team has 10 or so keepers. He's gonna have to unload a few on draft day. Anyone with some early picks (ahem) should just wait him out. Why give him anything now, right?
Why is Trevor Cahill still on someone's roster? Must be a 35-man keeper league.
ReplyDeleteOh mercy. I don't know who this BlueSpark character is, but he really gets where I was coming from in this article.
ReplyDeleteIs the title a reference to The Simpsons' "Two Bad Neighbors" episode title? If so, well done.
ReplyDeleteIt is a reference to The Simpsons' "Two Bad Neighbors" title/banner. Good show, Jon.
ReplyDelete