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Todd Frazier at 8.5 million dollars per year is a bargain

MINNEAPOLIS, MN - JULY 14: National League All-Star Todd Frazier #21 of the Cincinnati Reds reacts in the final round during the Gillette Home Run Derby at Target Field on July 14, 2014 in Minneapolis, Minnesota. (Photo by Elsa/Getty Images)

The New York Mets earlier this week agreed to terms on a 2 year 17 million dollars deal with Todd Frazier. That was a very good sign by Sandy Alderson, and i’ll spend some time addressing why that is the case, but first. For those of you worried about the Free Agent market and the lack of action in it, teams unwilling to offer big contracts, players possibly having to settle for less money and all of that. The contract that Frazier signed is probably the best representation of that.



Carlos Santana, Lorenzo Cain, Greg Holland, Zack Cozart, Tyler Chatwood, Bryan Shaw, Jake McGee, Brandon Morrow and several other free agents got fair deals, they have nothing to complain about, and from all we know, reported by reliable sources Eric Hosmer has been offered a more than fair deal in the 140 over 7 vicinity.



Going back to Frazier, there is no question he got underpaid, both in years and money, there are several factors that might have played a role in that, but i think the most plausible explanation is the fact we now have surplus of 3B in talent in the game, resulting in very few possible landing spots, giving him a thin market. Is just very hard to really argue about collusion or anything related to that when we have a dozen examples of players that received fair deals, along with free agents sitting on very large offers. Until we see JD Martinez, Jake Arrieta or any other high profile guy panicking and signing a small deal below their value, there is just not much to go on, when arguing about a market collusion.

Now analyzing the sign itself, Todd Frazier is as consistent a player as you’ll see on the open market.



He has played at least 147 games in each of his last 5 seasons.



Since hitting for a .273 batting average in 2 of his first 3 full seasons (12-14) he has seen his AVG steadily decline:

2014: .273

2015: .255

2016: .225

2017: .213



That could be a cause for a concern, except for the fact that as his average has declined, his power (ISO) and walk rate (BB%) has increased.


ISO:
12-14: .192

15-17: .234



BB%:

12-14: 8.0%

15-17: 9.9%



Therefore making up for most of the value he might have lost.


wRC+:

12-14: 114

15-17: 110


wOBA:

12-14: .340

15-17: .334



What i’m trying to say here is you shouldn’t make too much of the .213 average he had this year, as he still gave pretty good value. 3.0 WAR in 2017.



His defense is good, which helps his overall value, to illustrate it, i’ll take advantage of something i used on my JD Martinez article.



Looking at the last years, 14-17, 2014 is the year Martinez moved to Detroit and turned his career around, here are his numbers in comparison to Frazier.



JD Martinez

300/362/574     .274 ISO

134.0 wRAA     .392 wOBA     148 wRC+

 



Todd Frazier


243/333/464     .221 ISO

46.8 wRAA     .338 wOBA     113 wRC+



It’s more than clear that Martinez is a far better hitter, but when you look at WAR.



Martinez: 14.6

Frazier: 14.8



While the average fan or any analyst that’s “down” on WAR, may use that as a way to knock the stat, saying that it doesn’t make any sense. The proper thing to do is analyze the numbers and see why Frazier is ahead and doing it so you’ll quickly understand the reason behind it.


Hitting is one of the 3 aspects of a position player’s WAR, the other 2 are baserunning and defense, who often get overlooked, look at how both /players fare in those categories.



Martinez:

-11.4 Base Running     -18.9 Fielding.     -23.9 Positional Adjustments.

Hence -42.8 Defense.

 



Frazier:

2.9 Base Running.     13.8 Fielding     3.3 Positional Adjustment

Hence 17.1 Defense.

 

For the former Diamondback they are all negative when as for the newest Met, they are all positive, which affects significantly their WAR numbers. Take all off this into account and at 8.5 mil per year over 2 seasons you are getting a bargain.

 

Based on all of this information, you get a decent idea of what Frazier is going to give the Mets in these next couple of years, but to complete our analysis, let’s take a look at his projections for 2018.

 

According to Steamer:

227/318/436 Slash Line

10.6 BB%     22.8 K%     .209 ISO

0.8 wRAA     .323 wOBA     104 wRC+

2.1 WAR

This is a very conservative projection, betting on some regression across the board, and in the event, he produces at this level, he’ll easily return the investment made on him and then some.

I’m a fan of the Zips’ projections, but i couldn’t find them for Frazier as a Met, so i’ll just use the one from Frazier as a Yankee in 18.

249/334/482 Slash Line

10.3 BB%     22.3 K%     .233 ISO

5.7 RC/27    .345 wOBA     115 wRC+

3.5 WAR

wRAA not available.

If he produces at that rate, Sandy Alderson should be ecstatic.My educated guess is that he will fall somewhere in the middle of these two and provide the Mets with one of the best value signs of this free agent market.

Low to mid 200’s AVG

Low to mid 300’s OBP

Mid 400’s SLG

2-3 WAR

That’s around what you should expect from The Todd Father.

 

As always feel free to comment, suggest, subscribe and anything else you can think of, any questions you may have, I’m here to answer them.

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