1998 Prospect Review
The method:
A prospects value to his team is almost entirely tied up in the value he provides over his first six years of service time. In theory, a player should be paid market value after six year. That's not always the case, but for purposes of this study, we'll assume that to be true.
I took the WARP1 from BP and put it into a formula very similar to MORP to come up with a $ amount for each season played. This helps account for the superstar premium. Negative WARP counts as $0. Then I take the net present value of all those years and rank the players. I used a 15% discount rate, but no season can be counted less than half. That might not be economically sound, but I think it helps us in reaching the desired result.
I go out to six years of service time, regardless of whether the player was traded, released, or had a year or two of free agency bought out. Usually only a star or superstar will have years of free agency bought out at a discount. I did not count value returned in trades. This is another area where developing one superstar will net a bigger return than multiple above average players of "equal" value.
I did the best I could with service time, but it wasn't always easy to tell when the clock started.
To be eligible for the list a player had to rank in BA's top 100 in 1998 or play in full season ball. I'm sure I missed a few fringe players, but the top half of the list should be accurate.
The Results:
Helton, Berkman, and Halladay are no suprise. They were all top prospects. Helton was ranked #11 that year by BA and #4 with a straight A from John. Halladay was ranked #38 by BA heading into 1998 and would peak at #12 in 1999. Berkman was a 1998 draftee and ranked #64 by BA and would climb as high as #13 in 1999. All three are still superstars. Helton has a good chance at the Hall.
The first big suprise was Hidalgo at #4. Not only did I not think of his career worthy of a top 5 prospect, I thought of him as a minor bust. He is the epitome of why we like guys with tremendous ceilings. His 2000 season alone would have ranked him at #37 overall! He had another big season in 2003 surrounded by a bunch of mediocrity. He was ranked #19 heading into 1998 by BA.
The next group is Javier Vazquez and Freddy Garcia. These were your basic #1 starters that stayed healthy. As I would have expected, only four of the top 20 are pitchers. Neither of these guys were top prospects. Garcia ranked #64 in 1999, and Vazquez came completely out of nowhere.
Moving down the list, Chavez at #7 was already an elite prospect heading into 1998. Beltran was a toolsy outfielder in the low minors that ranked #93 in 1997 and #13 in 1999 but for some reason wasn't ranked in 1998.
Richie Sexson was a miss in 1998. He was a 22yo in AA that hit 31 bombs, was big, and didn't whiff too often at 18.8%. He was not ranked by BA and did not make John's top 50.
Kerry Wood probably had the best stuff on this list, but was undone by injuries. He still had three star level years plus his 1998 rookie season to rank #13.
Adrian Beltre was a universal top 3 prospect. His phenomanal contract year in 2004 accounts for about half of his value. Another example of why we like the guys with superstar potential.
Rolondo Arrojo was #1 after 1998 and 1999. A good example of why we don't judge prospect lists after two years.
BA's #1 and John's #2, Ben Grieve comes in a #48. He was actually solid for the first four years of his career, but never a superstar.
David Ortiz comes in at #52. He had his biggest years after his service time was up.
Chad Hermansen was probably the biggest bust. He was ranked #13 by both BA and John and produced a whopping $116k in value.
1 Helton,Todd $112,608,674
2 Berkman,Lance $77,994,734
3 Halladay,Roy $76,401,302
4 Hidalgo,Richard $70,083,271
5 Garcia,Freddy $68,780,473
6 Vazquez,Javier $68,591,926
7 Chavez,Eric $66,517,938
8 Beltran,Carlos $61,223,809
9 Sexson,Richie $61,145,562
10 Ordonez,Magglio $60,482,214
11 Lowell,Mike $58,774,619
12 Lee,Derrek $58,349,695
13 Wood,Kerry $56,103,980
14 Tejada,Miguel $54,166,304
15 Kotsay,Mark $53,829,886
16 Beltre,Adrian $52,276,916
17 Glaus,Troy $50,155,983
18 Jenkins,Geoff $49,371,046
19 Polanco,Placido $47,795,787
20 Cabrera,Orlando $44,129,226
21 Arrojo,Rolando $43,594,628
22 Washburn,Jarrod $42,539,012
23 Milton,Eric $42,203,161
24 Rollins,Jimmy $40,773,128
25 Escobar,Kelvim $39,513,804
26 Ponson,Sidney $38,492,642
27 Casey,Sean $35,661,946
28 Westbrook,Jake $35,113,656
29 Lee,Carlos $35,000,980
30 Arroyo,Bronson $34,790,474
31 Johnson,Nick $34,365,358
32 Guillen,Carlos $33,629,040
33 Miller,Wade $33,364,061
34 Cordero,Fransisco $33,259,051
35 Wilson,Preston $32,550,029
36 Millar,Kevin $32,475,473
37 Belliard,Ron $30,974,678
38 Lee,Travis $30,854,392
39 Hernandez,Ramon $30,566,403
40 Pavano,Carl $30,406,913
41 Clement,Matt $29,146,687
42 Hunter,Torii $28,237,106
43 Konerko,Paul $27,486,714
44 Wells,Vernon $26,907,197
45 Ramirez,Aramis $26,621,123
46 Benson,Kris $26,432,189
47 Pierzynski,A.J. $26,181,455
48 Grieve,Ben $23,267,964
49 Penny,Brad $23,029,868
50 Looper,Braden $20,746,296
51 Encarnacion,Juan $20,724,332
52 Ortiz,David $20,355,186
53 Chacon,Shawn $19,146,503
54 Armas,Tony $18,319,739
55 Eaton,Adam $17,983,174
56 Dempster,Ryan $17,977,558
57 Chen,Bruce $17,603,692
58 Yan,Esteban $17,359,206
59 Jackson,Damian $17,042,937
60 Jimenez,D'Angelo $16,636,732
61 Elarton,Scott $16,187,352
62 Ortiz,Ramon $16,119,475
63 Meche,Gil $16,026,340
64 Crede,Joe $15,797,736
65 Julio,Jorge $15,617,078
66 Linebrink,Scott $15,557,477
67 Parque,Jim $15,356,651
68 Riske,David $15,030,378
69 Towers,Josh $14,662,364
70 Marquiss,Jason $14,084,223
71 Duchscherer,Jusitn $13,534,798
72 Wilson,Craig $13,036,028
73 Marrero,Eli $12,699,582
74 Reitsma,Chris $12,687,744
75 Barrett,Michael $12,539,023
76 Rivera,Ruben $12,264,953
77 Fullmer,Brad $12,024,056
78 Cora,Alex $11,428,672
79 Feliz,Pedro $11,202,686
80 Ankiel,Rick $10,193,421
81 Guzman,Christian $9,920,307
82 Torrealba,Yorvit $9,686,468
83 Estallella,Bobby $9,514,792
84 Davis,Ben $9,258,840
85 Gregg,Kevin $9,105,520
86 Gonzalez,Alex (fla) $8,725,805
87 Patterson,John $7,915,028
88 Carter,Quincy $7,776,570
89 Sanchez,Alex $7,312,271
90 Scutaro,Marcus $6,972,591
91 Anderson,Matt $6,964,172
92 Meadows,Brian $6,953,554
93 Durbin,Chad $6,638,027
94 Anderson,Jimmy $6,627,018
95 Branyan,Russell $6,486,093
96 Valentien,Javier $6,349,108
97 Reyes,Dennis $6,172,901
98 Rose,Brian $5,958,017
99 Dunwoody,Todd $5,877,961
100 Giambi,Jeremy $5,525,396
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12 comments
Comments
KC
by doublestix on Feb 7, 2008 1:36 PM EST reply actions 0 recs
awesome work
If you could give one example of how you came up with the values in dollars I would really appreciate it. If you could do Berkman that would be great.
Thanks,
Shamus
by Shamus on Feb 7, 2008 10:04 PM EST reply actions 0 recs
+1
He never struck out an ungodly amount. Only three times in his career did he have over 100Ks, and those are three of his best seasons. He walked a fair amount (just over 2 strikeouts per walk over his career). It almost seems like he just kept hitting them where the defenders were. I didn't get to see a lot of him in his prime with Houston, maybe some Astros fans can help. Did he just lose enough of his power and start flying out a lot? What happened with him? He hit a decent amount of HRs, but his BA sucked after 2003.
by Boxkutter on Feb 8, 2008 9:24 AM EST up reply actions 0 recs
Not Much to Argue
by rwperu34 on Feb 8, 2008 10:57 AM EST up reply actions 0 recs
Hidalgo did get shot in Ven
He was carjacked and shot in the forearm in 2003 or early 2004.
I remember that even in his last year with the Astros he started the year off on fire. He was hitting for avg and tons of RBIs. Then he just stopped hitting. The Astros lost complete faith in him and he was gone that same year for nothing. It was so strange. Less than a year after hitting 309-28-88 his career was sputtering.
Him at #4 is funnny considering he had less than 3500 career ABs
by Shamus on Feb 8, 2008 11:16 AM EST up reply actions 0 recs
also
Another thing people forget is that Hidalgo was a good defender with an arm as good as any in the league in RF today.
by Shamus on Feb 8, 2008 1:25 PM EST up reply actions 0 recs
hidalgo
by obiwan12 on Feb 7, 2008 11:34 PM EST reply actions 0 recs
Berkman
1998, 0.0, $0
1999, 0.3, $0.4
2000, 3.2, $5.3
2001, 10.5, $43.3
2002, 6.9, $20.1
2003, 7.3, $22.2
2004, 8.7, $30.6
2005, 5.9, $15.2
That's a total of $136,966,289. Discounting future years from 1998 puts him at $77,994,734.
This would be a good place to note that these are 2008 dollars, not 1998.
by rwperu34 on Feb 8, 2008 10:55 AM EST reply actions 0 recs
thanks
Thanks,
Shamus
And great work.
by Shamus on Feb 8, 2008 1:20 PM EST up reply actions 0 recs
MORP
Here is the link where he goes over the MORP formula and explains a little why one 6.0 win player is worth more than two 3.0 win players.
http://www.baseballprospectus.com/article.php?articleid=4535
by rwperu34 on Feb 8, 2008 3:41 PM EST up reply actions 0 recs

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