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Since the days when we first heard about “the Japanese Babe Ruth,” Shohei Ohtani has made even that lofty comparison obsolete, obliterating every expectation we could have reasonably had for him. No one, not even The Babe, has done what Ohtani has done in the big leagues as the first two-way baseball star of the contemporary era.

This winter, baseball’s ultimate unicorn is set to hit the open market. Speculation about what kind of deal
Ohtani might come away with has been wild, every bit as fantastic as the whispers we heard emanating from the
Pacific Rim a half-decade ago, about this mysterious guy who had the audacity to want to be a full-time hitter
and pitcher in MLB — at the same time.

Last offseason, Yankees outfielder Aaron Judge received the largest free agent contract in baseball history
nine years, $360 million. The question about what kind of contract Ohtani will ultimately receive is both
related to and slightly different from what kind of on-field value he has produced. That’s because it’s
entirely possible that no team can really pay Ohtani’s real market value. He’s that good and, certainly, that
unique.

Nevertheless, we asked ESPN’s Bradford Doolittle to explore this question of Ohtani’s true
value, the ways in which he has built it and what it all might mean when teams come calling during the highly
anticipated hot stove season.

Calculating His Base Value

No player has been more productive than Ohtani over the past three seasons (the time most relevant to his
market value), and no one is close. As a two-way, hitter-pitcher combo of unprecedented ability, Ohtani is
able to compile value almost as if he were two different players, occupying two simultaneous roster spots at
once. Underlying those general components of baseball are discrete skills, the things that make a great
hitter what he is and make a great pitcher an ace.

To see how good Ohtani is at these underlying components, we separated them out individually, using those
past three seasons as a benchmark. For hitting skills, we looked at hitting for average, getting on base,
hitting for power and baserunning. For pitching skills, we examined Ohtani’s three main pitches
individually, combining the remainder into one category.

The run estimates of each of these skills have been modeled to fit the underlying metrics that feed into
his WAR calculation. Once we convert the runs to WAR, we can see where he ranks by percentile against other
big leaguers in that skill, and we convert that production into a valuation based on an $8 million per win
standard.

Those calculations help determine the baseline valuation Ohtani will carry into free agency.

Avg. Annual Value

$76m

Over the last 3 years


= 1 win = $8m

Risk & Potential for injury

Of course, a number that lofty is no guarantee. Ohtani famously missed the pitching part of the 2019 and
2020 seasons because of injury, including Tommy John surgery. There is an injury risk with his next deal —
and the history of long-term, high-value free agent contracts given to pitchers is dicey at best.

Since returning full time in 2021, though, Ohtani has ranked 10th in plate appearances and 31st in innings
pitched. That’s an unparalleled record of durability fueled by Ohtani’s legendary work ethic — but not even
he is immune to the risk.

Still, consider what would happen if Ohtani did have to stop pitching after this season. That’s a lot of
lost production, but his team would still end up with one of the five best hitters in baseball, someone any
organization would break the bank to pay in free agency. Also, don’t forget Ohtani is one of the fastest
players in the majors. If he were to cease pitching, he’d most likely pick up value on the bases, and he has
a proven track record in Japan as an outstanding defender.

In WAR calculations, he’d generate much more positional value than he does now, as strictly a designated
hitter.

The bottom line is that no contract at the level of what Ohtani is going to get is without risk. But the
floor of production for him is much higher than it is for other free agents, simply because of the unmatched
variety of skills with which Ohtani can contribute at an elite level.

Projecting Future Worth

So, even if Ohtani could do only one of the things he does well, his baseline values would make him worthy
of being one of the game’s highest-paid players. For now, at least, he does both. Together, they create a
baseline estimated valuation of $76 million for on-field production. With recent superstar contracts
reaching 10 years, even for players as old as Ohtani at 29, the numbers get mind-boggling: Over a 10-year
contract, assuming flat production, that’s $760 million. Over 12 years, it’s nearly a billion dollars.

projected value of $912m
using baseline estimation
extended over 12 years

Of course, that isn’t what Ohtani will realistically command in free agency. When ESPN’s Kiley McDaniel
polled MLB executives about Ohtani’s
worth
, the guesses were varied, and though a contract of a 10- to 12-year duration was a popular
choice, the per-season payouts would be considerably less than $76 million.

Aging curves are hit or miss, especially with an outlier like Ohtani. Considering Ohtani’s past
productivity, here is our take on how aging would affect his on-field production and, in turn, how you might
calculate his fair-market contract value. We used the baseline values shown above and “aged” Ohtani’s
production over an assumed 12-year deal.

Aging Adjustment

-$122.3m

Potential loss of value


Granted, there is more than a little optimism in these numbers. They assume Ohtani will remain a full-time
hitter and pitcher over the duration of his contract, and the standard curve suggests a smooth aging pattern
that almost certainly will not happen.

Nevertheless, if anyone can achieve a run of success of this sort, it is Ohtani. And if he were to play out
his career in this fashion, there would be a new consensus answer to this question: Who is the greatest
baseball player ever?

Free Agent Comparisons

Ohtani’s unique combination of traits makes him a unicorn in terms of historical free agent comparables.
Still, we can look at some deals that the most similar hitters and pitchers have signed in recent seasons.

calculating the low end

By matching each free agent since 2018 against Ohtani the hitter and Ohtani the pitcher, we can rank them
by similarity. The similarity scores are based on a weighted average of each player’s WAR over the three seasons
before free agency; the more recent seasons carry more weight.

By averaging out those deals and combining them, we can imagine what a hypothetical Ohtani contract could
look like. Adding the average contract for similar hitters — $162 million — and the average contract for
similar pitchers — $141.5 million — we get $303.5 million.

Most similar free agents

$303.5m

calculating the high end

However, we know that Ohtani will not be viewed as an average free agent, regardless of the precedent of
past contracts or which player pool he is compared to. Instead, let’s base our calculations off the max
deals on these lists — the 11-year, $300 million deal Trea Turner got from the Phillies after the 2022
season as a position player, and the nine-year, $324 million deal Gerrit Cole got from the Yankees after the 2019 season as a pitcher.

If we combined those two deals, we’re looking at $624 million — over 11 years, that’s an average annual value of
$56.7 million.

Priciest Peers

$624m



These estimates assume that Ohtani will pursue the greatest total contract value he can get over the
longest period of time. In reality, Ohtani’s next contract could take on many different shapes. He could opt
for a higher annual payout over a shorter duration in hopes of reentering free agency in a few years. It’s
also possible he is willing to take a longer deal but at a lower AAV to lessen the tax-threshold
implications for his next team. His deal likely will include some combination of player options, team
options and mutual options.

Where Could He Go?

There is a strong possibility that the numbers on whatever pact Ohtani ultimately signs will be unlike any
we’ve ever seen. The team that splurges will be paying not just for Ohtani’s hitting, pitching and running
but also his marketability — and there’s a good chance that team will be well rewarded. Ohtani is headed
for a record contract, which is appropriate for baseball’s most unique player, one who has already
transcended those old comparisons to Babe Ruth.

So where will Ohtani land? Based on a poll of MLB executives, agents and insiders conducted
earlier this year
, and the latest buzz around baseball, here are six of his many potential suitors to
watch.

Los Angeles Angels

2023 Payroll: $221m

Los Angeles Dodgers

2023 Payroll: $236m

San Francisco Giants

2023 Payroll: $196m

Seattle Mariners

2023 Payroll: $153m

New York Mets

2023 Payroll: $346m

Chicago Cubs

2023 Payroll: $189m

Los Angeles Angels: They kept Ohtani at the trade deadline with the hope of re-signing him, but
few free agents return to the same team.

Los Angeles Dodgers: They were quiet this past offseason for a reason. Imagine a big three of
Mookie Betts, Freddie Freeman and Ohtani.

San Francisco Giants: They pursued Judge last year, have lots of room to increase payroll and
need a franchise player.

Seattle Mariners: Reportedly the runners-up for Ohtani in 2018, their future looks brighter than
the Angels’. But will they offer enough?

New York Mets: After trading Max Scherzer and Justin Verlander, the Mets need a pitcher. And a
DH. And they have Steve Cohen’s checkbook.

Chicago Cubs: They’re a big-market team that’s ready to win — they might be the sleeper team in
the Ohtani sweepstakes.

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Nats slugger Wood commits to Home Run Derby

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Nats slugger Wood commits to Home Run Derby

Washington Nationals slugger James Wood will bring his massive power to the big stage, becoming the third player to commit to the July 14 Home Run Derby in Atlanta.

Wood, 22, has delivered 22 home runs in 86 games during his first full major league season. He was acquired by the Nationals in 2022 as part of the package of top prospects Washington received in the trade that sent Juan Soto to the San Diego Padres.

Wood announced the commitment on Instagram, with a video montage of himself, along with video clips of former Atlanta Braves star Hank Aaron hitting his record 714th home run in 1974. The video included the words, “Derby bound.”

Wood has 12 homers that have been hit harder than 110 mph. It’s the second most in the league behind Dodgers superstar Shohei Ohtani‘s 13. Wood also has four dingers that have been launched longer than 445 feet.

The Seattle MarinersCal Raleigh and the Braves’ Ronald Acuna Jr. also have committed to the event, with five more participants still to be named.

Raleigh, who would become the first catcher to win the event, has a major-league-best 33 home runs. Acuna has nine home runs in 36 games after returning from a torn left ACL that also limited him to 49 games last season.

Defending champion Teoscar Hernandez of the Los Angeles Dodgers already has said he will not defend his Home Run Derby crown.

Field Level Media and The Associated Press contributed to this report.

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Astros GM: Alvarez setback not as bad as feared

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Astros GM: Alvarez setback not as bad as feared

DENVER — Houston Astros slugger Yordan Alvarez‘s setback to his recovery from a fractured right hand is not as serious as first feared, general manager Dana Brown said Thursday.

Alvarez, who suffered the injury on May 2, was shut down after experiencing pain in his right hand. He had taken some swings at the team’s spring training complex in West Palm Beach, Florida, on Monday and when he arrived there Tuesday, the area was sore.

He was examined by a specialist, who determined inflammation was the issue and not a setback with the fracture.

“It had nothing to do with the fracture, or the fracture not being healed,” Brown said before Houston’s game at Colorado. “The fracture at this point is a nonfactor, which we’re very glad about. And so during the process of him being examined by the specialist, we saw the inflammation, and Yordan did receive two shots in that area.”

Alvarez first experienced issues with his hand in late April but stayed in the lineup. He was initially diagnosed with a muscle strain but a small fracture was discovered at the end of May.

Brown said there has not been an update on the timetable for Alvarez’s return but said with the latest update it “could be in the near future.”

“Yordan is going to be in a position where he’s going to let rest and let the shot take effect, and then as long as he’s starting to feel better, we’ll put a bat in his hand before we start hitting, but we’ll just let him feel the bat feels like,” Brown said. “And then we’ll get into some swings in the near future, but I felt like it was encouraging news. Now, with this injection into the area that was inflamed, we feel a lot better.”

Alvarez, who averaged 34 home runs over the previous four seasons, has just three in 29 games this year and is batting .210. He was the 2021 ALCS MVP for the Astros and finished third in the AL MVP voting for 2022.

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Sources: Guardians’ Ortiz faces gambling inquiry

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Sources: Guardians' Ortiz faces gambling inquiry

Cleveland Guardians right-hander Luis Ortiz is under investigation by Major League Baseball after a betting-integrity firm flagged a pair of pitches that had received unusual gambling activity, sources told ESPN on Thursday.

Sources said betting-integrity firm IC360 sent an alert in June to sportsbook operators regarding Ortiz, whom MLB has placed on “non-disciplinary paid leave” through July 17.

The alert, according to sources who reviewed it, referenced action on Ortiz’s first pitches in select innings to be a ball or a hit batsman in two games: June 15 against the Seattle Mariners and June 27 against the St. Louis Cardinals. In both the bottom of the second inning against the Mariners and the top of the third inning against the Cardinals, Ortiz threw a first-pitch slider that was well outside the strike zone.

The alert on Ortiz’s first pitches flagged bets in Ohio, New York and New Jersey. Betting on the result of first pitches is offered by some sportsbooks, with such wagers commonly referred to as microbets.

Ortiz’s paid leave, which ends at the conclusion of the All-Star break, was negotiated between the league and the MLB Players Association. If the investigation remains open, the leave could be extended.

Ortiz had been scheduled to start Thursday night’s game against the Chicago Cubs.

“The Guardians have been notified that Luis Ortiz has been placed on leave per an agreement with the Players Association due to an ongoing league investigation,” the team said in a statement. “The Guardians are not permitted to comment further at this time and will respect the league’s confidential investigative process.”

The investigation into Ortiz’s potential violation of the league’s gambling policy comes a little more than a year after MLB levied a lifetime ban against San Diego Padres infielder Tucupita Marcano for placing nearly 400 bets on baseball. Four other players received one-year suspensions for gambling on baseball while in the minor leagues. In February, MLB fired umpire Pat Hoberg — widely recognized as the best ball-strike arbiter in the game — for “sharing” a legal sports betting account with a friend who bet on baseball and later deleting messages key to the investigation.

A 26-year-old starting pitcher, Ortiz was acquired by Cleveland from the Pittsburgh Pirates over the winter as part of the three-team trade in which the Guardians sent second baseman Andres Gimenez to the Toronto Blue Jays. With a 4-9 record and 4.36 ERA, Ortiz has been a staple in a Guardians rotation whose 4.13 ERA ranks 18th in MLB.

Ortiz’s leave comes amid a slide for the Guardians, who have lost six consecutive games to drop to 40-44. While Cleveland remains in second place in the American League Central, it trails first-place Detroit by 12½ games.

Ortiz signed with the Pirates in 2018 at 19 years old, far later than the typical prospect, and didn’t reach full-season ball until 2021. He quickly shot through the Pittsburgh organization and debuted in 2022, eventually throwing 238⅓ innings and posting a 3.93 ERA in his three seasons with the Pirates.

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