• Matsui Overpaid?

    Posted by on November 16th, 2005 · Comments (5)

    I’ve been seeing some comments over at the NetShrine Discussion Forum about the Yankees overpaying for Matsui. Is Team Stein overpaying Godzilla?

    Well, according to some quick sorts on the Sabermetric Baseball Encyclopedia, using 1,500 PA as a cutoff over the period 2003-2005, we see this:

    0000godzilla.jpg

    So, a case can be made that Hideki Matsui, over the last three years, has been one of the two best LH batting outfielders in the AL – if not the best overall.

    In today’s market, that’s not worth $13 million a year?

    Comments on Matsui Overpaid?

    1. Raf
      November 16th, 2005 | 11:14 am

      I believe you’re worth what someone’s willing to pay.

      Having said that at Netrshine the argument was that Matsui was overpaid in comparision with Ichiro.

    2. MJ
      November 16th, 2005 | 12:34 pm

      I agree with Raf. If the Yanks valued Matsui at $13M, that’s what he’s worth. I’m not sure what “overpaid” means. Since there is no benchmark value for a player and since the market adjusts every single season, it’s nearly impossible to accurately assess value anymore. From 2003-2005, Carlos Beltran hit 80 homers and had an OPS of .856. Matsui hit 70 homers and had an OPS of .854. Beltran’s average annual salary is $17M. Beltran’s a good fielder by reputation. He’s also younger. Is he $4M better? I have no idea. Who cares. The point is that the Yanks paid what Matsui was worth to them.

    3. MJ
      November 16th, 2005 | 12:38 pm

      I should add that, unlike Pavano, who IS grossly overpaid, Matsui’s 3 seasons in New York have shown a track record for consistency and success. Pavano had no such track record coming into 2005. The Yanks overpaid for him based on a career-best season. The Yanks paid market or a little above market for Matsui because they know that they’re getting close to .300/30/100 from him with adequate defense.

    4. Paul Katcher
      November 17th, 2005 | 11:38 am

      If only Matsui’s salary was based on stats, then one can start talking about paying too much.

      But companies pay employees based on the money they bring to the company, and I’m sure the discussion between the Yankees and Matsui’s agent were significantly related to revenue brought in from the Japanese market and his appeal to Asian-American baseball fans.

      That’s why anyone who says Jeter is overpaid is a fool; not unless he’s got the Yankees’ financial book (not just some modern fielding range stat) to back it up.

    5. Raf
      November 17th, 2005 | 12:06 pm

      That’s why anyone who says Jeter is overpaid is a fool; not unless he’s got the Yankees’ financial book (not just some modern fielding range stat) to back it up.
      =================

      Speaking of Jeter, has there been any news on his sister? I thought she was sick?

      This was a while ago, IIRC

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