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THE BOOK--Playing The Percentages In Baseball

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Thursday, May 19, 2011

Ensuring K-Rod’s option does not vest, by trading him to a team with an established closer

By Tangotiger, 09:20 AM

If we think of K-Rod as a security, like a convertible bond, rather than as a human being, I love the idea here.  If we think of K-Rod as a baseball player, then I hate the idea.

The issue here is that players and owners treat the players as a commodity.  Pedro once said of his contract with the Redsox that they owned his arm for six years, so they could do whatever they want with it.

Anyway, what team would take K-Rod to be their setup guy (with a non-zero chance that he’d be the closer, because closer do get injured)?  And what kind of premium would they want for the non-zero risk that he ends the season with 54 games finished?

Think of him like a security, if you want to have fun with this.

(1) Comments • 2011/05/19 • SabermetricsFinances
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May 19, 2011
Ensuring K-Rod’s option does not vest, by trading him to a team with an established closer