An end is near

I guess my wish for clarity was granted:

According to Ken Rosenthal, the Indians have asked teams for their “best and final offers” for Francisco Lindor, and will presumably make a decision on whether to trade him this weekend.

The Indians have yet to make a significant addition this winter (beyond Sandy Leon), and free agents are being taken off the board rapidly. In my opinion that’s because of the Lindor trade discussions, as the roster needs after a Lindor trade may be completely different from the roster needs now. If, for instance, they receive a major-league infielder and outfielder for Lindor, then obviously that changes their free agent or trade targets over the rest of the winter.

This artificial deadline also helps on the public relations front. If the right offer doesn’t materialize, the Indians can then declare that Lindor will not be traded this winter, ending the speculation and uncertainty. In the Rosenthal video above, he mentions that one executive didn’t understand why the Indians wouldn’t just wait until later in the offseason to trade him. That may be true if the Indians were trying to just maximize the return on Lindor, but there are downsides to doing that. If the Indians did absolutely nothing except talk to teams about trading their franchise player until January, what do you think that would do to the season-ticket base, or more broadly, the fanbase’s opinion of the team?

I think the Indians should hold on to Lindor for another season, even if it means they don’t maximize their return on him. As I mentioned yesterday, the farm system is set up well for the post-Lindor era; this is not the same situation as in 2008 and 2009, in which the core was approaching free agency and there was nothing in the farm system to replace them. I actually wouldn’t have a problem with the Indians holding on to Lindor through the 2021 and just getting the compensatory draft pick after he leaves via free agency if it came to that.

That being said, I still have no idea what will happen. The Indians seem to be sticking to their high trade demands (the Mets apparently balked when the Indians demanded Jeff McNeil), but maybe someone will blink and give the Indians at least two core players for Lindor. Or maybe everyone stands their ground. Either way, we might know by the time the Browns take the field this Sunday.

Uncertain Times

An uncertain situation seems to bring out the worst in us. In a lot of cases it’s better to be dealing with a bad known than an unknown, because when you don’t know what’s going to happen, you can’t do anything except worry and fret.

In the aftermath of the Kluber trade, and with a different Lindor trade rumor seemingly popping up daily, it is easy to get caught up in the whirlwind of possibilities, especially the bad ones. The rumor ecosystem thrives on our need to have any kind of news, even if it’s garbled or obscure.

In these situations, the best you can hope for is to cling to the few pieces of hard evidence that we have. It’s obvious that the Indians have and are continuing to talk to teams about Lindor, both from reputable sources, and from Antonetti/Chernoff interviews. For example, in this post-Kluber trade interview, Chernoff reiterates that he expects Lindor to be in the Tribe lineup on Opening Day, but mentioned that teams were interested in him (2:05 on the video).

Lindor’s status puts the Indians in a quandry. On the one hand, keeping him is going to give the team the best chance to play for a championship this season, because a 6-win player at any position, never mind a shortstop, is a weapon that few teams have. On the other, this winter might be the last best chance to maximize the return on him. Lindor has made it crystal clear that he is going to become a free agent after the 2021 season, and if you have any sense of recent Indians history, you know what’s going to be the result of that. If the Indians wait until after the 2020 season, they’ll be in a similar situation that the Red Sox are in with Mookie Betts, as Ken Rosenthal notes:

Thus all the rumors of trade talks from several teams now, indicative of the Indians exploring their options. The more I think about the situation, the more I tend to believe that the Indians are going to see exactly what the trade market is for Lindor first before making any other moves, therefore the trade explorations have to have a finite ending soon. Based on what the Indians were demanding from the Dodgers (Gavin Lux, who made his MLB debut late last season), the Indians still fashion themselves a contender (the return for Corey Kluber was two major-league players rather than prospects seems to back this up), so if they wait too much longer, many of the targets in free agent will be off the board. But their needs may be different if they manage a blockbuster Lindor deal than if they just hang onto him.

This brings me to the other uncertainty: what exactly will the Indians be spending this winter? If the budget is last year’s ending payroll ($124M), they will have about $30M to spend, and could be a contender to sign an outfielder like Marcell Ozuna, along with a second baseman and a reliever. If it’s closer to $15M of room ($110M), they’ll just stick to the second baseman, maybe a reliever, and that’s it. What exactly is the payroll level that ownership is comfortable staying at? None of us knows.

The organization has done an admirable job in preparing for the next iteration of the Indians, the post-Lindor Era, if you will, as the strength of the farm system are players who will be ready in 2021-22. The Indians should not have to undergo the painful rebuilds that teams like the Tigers, Orioles, and Royals are enduring right now. They also do not have many long-term contracts that will hamper them. So there are ways they can add talent without jeopardizing either the farm system or future payrolls. The ghosts of the Swisher and Bourne contracts may haunt the dreams of Antonetti and Chernoff, but there are players out there who will not demand those type of deals (Ozuna, Puig), or even trade targets with higher but short-term contracts (Starling Marte).

But for now, we wait. I for one will try to busy myself doing other things* until there’s more clarity, because spending more time in this stew of uncertainty is going to drive me batty.

*Maybe not watching the Star Wars movie, if the initial reviews are anything to go by.

Transaction Analysis: Indians trade Corey Kluber

Traded RHP Corey Kluber to the Texas Rangers for RHP Emmanuel Clase and OF Delino DeShields

Designated IF Mike Freeman for Assignment

It is difficult to be objective about a trade involving Corey Kluber, regardless of the return. He’s one of the 10 best pitchers in franchise history, certainly the best since Sam McDowell (who last pitched for the Indians in 1971). He won 2 AL Cy Young Awards, and nearly pitched the Indians to a championship in 2016. His rise from obscurity in 2013 heralded the beginning of a seven-year run of competitiveness, including four playoff appearances.

2019 was a lost season for Kluber. He had started out poorly, which has happened in the past, but unlike previous years, he didn’t have a chance to warm up with the weather. On May 1st, a line drive caught him on his pitching arm, fracturing his ulna. He would make some rehab starts in late August, but an oblique strain ended any hope of him pitching the rest of the season.

The Indians would pick up his $17.5M option after the season, and it appeared that they would either try to trade him this winter or bank on him returning to form in 2020. The Indians had depth in the rotation, so it made sense to try to use that depth to improve other areas of the club.

When Gerrit Cole and Stephen Strasburg signed record-breaking contracts, both in terms of AAV (Average Annual Value) and length, I assumed that if anything the Indians would be in a position of strength. Kluber’s $18.5M salary (with a projected 3.4 fWAR) seemed downright reasonable compared to any of the starters left on the market, even considering his injury-marred 2019 campaign.

So when the news hit that Kluber was being traded to the Texas Rangers, my first thought was that the Indians had in fact extracted a great return. After all, Kluber had been mentioned in connection with several other teams in recent days (Dodgers and Angels, just to name the two most prominent), and I figured that the Indians had played all the contenders against each other. If the deal was anything like the Trevor Bauer trade last July, the Indians would be getting at least a couple “win-now” players plus several good prospects.

Then Ken Rosenthal tweeted this:

I thought: “huh, I guess the return is going to be mostly prospects.” Especially considering this next tweet:

But then even those hopes were dashed:

The trade ended up being RHP Emmanuel Clase and OF Delino DeShields for RHP Corey Kluber and $500,000. And of course the roughly $15M the Indians saved. Underwhelming, to say the least.

Now don’t get me wrong: both players the Indians received will help the team in 2020. Clase, who made his MLB debut this past season, is a much-needed power bullpen arm, and has the stuff to close games. Delino DeShields is a better fourth outfielder/pinch-runner than the Indians had on the roster. But neither of these players are what I’d term core players. Perhaps Clase could be the next Cody Allen if everything works out, but he’s way too young and inexperienced to know what he is right now. If you want to look at it from a purely WAR perspective, the Indians gave up 3.4 fWAR and got 1.1 fWAR back in return, plus $15M, and that’s assuming that the money will be spent.

With teams promising the moon and the stars to any half-way decent starting pitcher on the free agent market (as I write this, Madison Bumgarner just got 5/$85M from Arizona), to get this anemic a return is a major disappointment. Knowing what we know now, it’s obvious that the Indians picked up Kluber’s option merely in order to trade him this winter, and other teams called their bluff.

And this is not taking into account how the overall fanbase is going to take this trade. Corey Kluber was one of the faces of the franchise, and trading him for a fourth outfielder and an interesting but unproven bullpen arm is not going to sit well, especially after the events of last winter. So I certainly hope that the Indians already have a major move, or series of moves teed up to go. I don’t think anyone is expecting them to trade for Mookie Betts, but signing Marcell Ozuna or trading for Starling Marte would make this trade defensible. Oh yeah, it would also help to announce that Francisco Lindor is no longer available on the trade market.

Because the Indians acquired two players on the 40-man roster, they needed to clear a spot, so they designated Mike Freeman for assignment. I think the Indians will be signing a free agent second baseman, which meant that Freeman’s days on the 40-man were numbered, though I thought he might stick around through Spring Training.

Here’s what the roster looks like after the moves today:

Link to live file (OneDrive)

I penciled Adam Plutko in as the fifth starter because he’s out of options, but realistically you could have a number of other pitchers beat him out this spring (Plesac, Rodriguez, even Moss or Allen). The Indians still need at least one corner outfielder and either a second or third baseman, and theoretically now have anywhere from $25-30M to play with. Let’s hope they actually use it.

On the reported Lindor trade talks

This was originally a comment on Let’s Go Tribe a week or so ago, but I think it’s worth re-purposing today given this tweet/article:

My rule of thumb: if a rumor is not sourced to a specific quote or piece of reporting, it’s just made up garbage and should be treated with contempt and ignored. It also depends on the “hit rate” of the reporter, too. For example, if Ken Rosenthal reports that the Indians are looking to trade X player, you generally take it more seriously than if Jon Paul Morosi or Bob Nightengale reports it. You also need to understand who the source is so that you can understand the motivation for leaking the information. If the source is “front office of a rival team” or something like that, it’s probably chaff thrown out into the media to help negotiations with either the Indians or another team. Also remember that teams talk to each other all the time, and probably every single player on the roster will get mentioned, even if the team would never trade that player.

With that in mind, let’s turn to Nightengale’s article. This is the important bit:

Hoping to make a big splash as their World Series drought continues, the Los Angeles Dodgers are discussing a trade for shortstop Francisco Lindor with the Cleveland Indians, according to a person with direct knowledge of the talks.

The person spoke to USA TODAY Sports on the condition of anonymity because talks are ongoing.

Let’s think about what’s being said, or what’s not being said. That the Indians were going to explore a trade for Lindor is not exactly news, even if you hadn’t been plugged into your Twitter feed for the past couple of days. It’s an open secret that the Indians aren’t going to keep Lindor past the 2021 season, with acknowledgment from both Lindor and the Indians. The talented shortstop is going to command a contract along the lines of what Manny Machado (10/$300M) and Bryce Harper (13/$330M) received last winter, and the Indians aren’t going to match the length of contract that Lindor will command (at least 8 years), especially at the AAV (average annual value) of at least $35M.

But, for now, all Nightengale is reporting is that the teams are discussing a trade. Not “close to consummating” or anything along those lines. Chris Antonetti, Cleveland’s president of baseball operations, alluded to these “trade talks” yesterday:

“There’s nothing we need to do with any player,” Antonetti said. “Frankie has established himself as one of the best players in baseball and we’re fortunate to have him. Because he’s such a good player, a lot of teams call with interest.”

With the Dodgers losing out on Gerritt Cole yesterday, they are logically moving on to trade targets, with Lindor obviously at the top of the list. And from the Indians’ standpoint, the Dodgers have a lot of players that would be great fits, starting with top prospect Gavin Lux, who just so happens to be a middle infielder. If there’s any team that could entice the Indians to deal Lindor this winter, it’s the Dodgers.

As for who the source is, I lean towards it being a member of the Dodgers front office to let somebody else (another team? an agent?) know that they have another option. I don’t think there’s anything to gain from the Indians’ standpoint for this information to get out to the public. If the Cleveland front office wanted to use a leak to their negotiating advantage, they would have mentioned that the Indians were talking with several teams, not just the Dodgers.

In summary, I don’t think it’s quite time to panic or get excited yet, depending on your view. Now if Ken Rosenthal or Buster Olney starts tweeting about a deal being imminent, then it’s time to go nuts.

Offseason Journal: Prelude to the Winter Meetings

Teams have already made some major moves, but as yet the Indians haven’t been one of them. The only move made in the run-up to the Winter Meetings that will affect the Opening Day roster was the Non-Tender Day swap of backup catchers.

Link to live file (OneDrive)

Let’s back up a bit and take the various sets of roster moves one by one.

Rule 5 Roster Day (November 20th)

This was the final day that clubs could protect minor-league players from the Rule 5 Draft by adding them to the 40-man roster. The Indians came into the day with two open spots (38) and wanted to protect three players, so they needed to drop one.

Designated RHP Nick Goody for Assignment

Goody was fantastic in 2017, but missed a large portion of 2018 and wasn’t quite the same this past season. He did land on his feet, though, as the Texas Rangers claimed him off waivers 6 days later.

Purchased the contracts of LHP Scott Moss and OF Daniel Johnson from Columbus (AAA)

Purchased the contract of Triston McKenzie from Lynchburg (A+)

Johnson was acquired from Washington last winter (Yan Gomes), while Moss was one of the players received in the three-team Trevor Bauer trade last July. Both players will at some point contribute to the club next year, and Johnson has a decent shot at making the Opening Day roster, depending on what the Indians do this winter.

McKenzie, who at one time was among the best prospects in the system, has slipped in recent years due to injury and struggles on the field, but still has the upside to be in a major-league rotation. And given how starting pitching is valued, there’s no way the Indians could have gotten away with leaving him unprotected. If everything breaks right he would be in the mix for a late-season call up, but it’s more likely that he contributes in 2021 (or would be traded).

Traded 2B Mark Mathias (AAA) to the Milwaukee Brewers for C Andres Melendez

Mathias was eligible, and the Indians were not going to protect him, so the Brewers, rather than wait to select him in the Rule 5 Draft and deal with the restrictions that comes with it, traded for him and added him to their 40-man roster. That means the Brewers can option him to the minors. If they had selected him in the Rule 5 Draft, they would have had to keep him on their active roster (or Injured List) all season.

Non-Tender Day (December 2)

This is the day by which clubs must offer any player on their 40-man roster not already signed to a contract a contract tender. If they don’t tender a contract, the player immediately becomes a free agent and can sign with any team. Usually players that are non-tendered are in the last few years of arbitration (service times of 4-5 years), with their projected salaries not matching their projected production. The Indians had already released most of the players they were going to non-tender (Danny Salazar, for example), so expectations going into this day was that they would be quiet.

However, that didn’t happen.

Traded RHP Adenys Bautista (R-) to the Boston Red Sox for C Sandy Leon

Designated RHP James Hoyt for Assignment

Leon is a catcher that has a good reputations on defense and with pitching staffs, but has done almost nothing on offense since 2016. He has 5+ years of service time, and was projected to make $2.8M in arbitration (according to MLB Trade Rumors). Meanwhile the Indians’ backup catcher, Kevin Plawecki, was projected to make around $1.4M. The Indians obviously liked Leon’s skill set better than Plawecki’s but not $1.4M better, as we’ll see shortly. Bautista is not much of a prospect, a

Hoyt was not arbitration-eligible, but was designated just because he was #40 on the Tribe’s value board. He would be re-signed a couple days later, though.

Signed 2020 contract with C Sandy Leon ($2M), avoiding arbitration

That made the difference between Leon and Plawecki $500-600k.

Non-tendered RHP James Hoyt and C Kevin Plawecki

Hoyt had been designated for assignment earlier in the day, and this made him a free agent before he passed through waivers. It’s obvious in retrospect that the Indians and Hoyt had already talked, as he’d be re-signed to a major-league contract. As for Plawecki, the writing for him was on the wall when the Indians acquired Leon. He was out options, and the Indians weren’t going to be carrying three catchers on the active roster, even with a 26th spot available this year.

Signed free agent RHP James Hoyt to a major-league contract

Thus bringing the 40-man roster back up to 40. If the Indians want to make a selection in Thursday’s Rule 5 Draft, they’ll need to clear a spot, but I don’t see that happening, especially they will eventually need to clear at least a couple spots for acquisitions (2B/3B and OF).

Offseason Journal: The Arithmetic

As this off-season gets going in earnest, the Indians would seem to be in a better position than they were at this time last year. I used the word “seem” because I am assuming that the Indians will start the season with a payroll around $120-124M, the same range as last year.

Link to live file (OneDrive)

In addition to the cost-cutting moves (or non-moves in the case of Michael Brantley) made last winter, the Indians saved about $18M for the 2020 season by trading Trevor Bauer last July. They also saved another $19M net by declining the options of or releasing Jason Kipnis, Dan Otero, and Danny Salazar. By my calculations, the Indians should have $18M to spend between now and the end of July if their budget remains the same, and that’s with them picking up Corey Kluber’s $17.5M option.

In other words, the Indians aren’t going to be dangling Kluber or Francisco Lindor on the trade market because they need to cut payroll. I don’t think the Indians will end up trading either player for any reason, though: Lindor, because it’s going to be downright impossible to get a team to give them the type of value a player of Lindor’s caliber/contract demands, and Kluber because I don’t think teams will give up that much for a pitcher coming off an injury-marred season, even with his pedigree.

But the Indians do need to fill some holes, as the projected 2020 lineup indicates. With Naquin’s injury, I think they have to acquire at least one corner outfielder, perhaps even bringing back Yasiel Puig if the market doesn’t take an interest (MLB Trade Rumors projects him getting 1/$8M, which I think would be a bargain). As for the infield, I see the Indians grabbing a short-term solution at second or third (most likely second), with the idea that one of their crop of youngish infielders (Arroyo, Chang, Clement) would be ready to take over in 2021. They will also poke around for a reliever or two, though it would be out of character for them to pay market value.

The Indians could also fill one of the holes mentioned above by trading a starting pitcher. Adam Plutko is out of options and not likely to make the Opening Day starting rotation, so now might be the best time to see what you can get for him on a market that seems devoid of much starting pitching help. And maybe a team loses out on the big free agent prizes (Cole, Strasburg, Wheeler) and gets desperate enough to bowl the Indians with their offer for Corey Kluber.

Transactions

The period following the end of the World Series is scripted such that all contract options and 40-man rosters are settled before the offseason moves can begin in earnest. This is done so that all teams are an equal footing as far as 40-man roster spots are concerned. For instance, when the season ended the Indians had 7 players on the 60-day Injured/Disabled List, therefore they had 47 players on the between the 40-man roster and the Injured Lists.

October 31, 2019 (day after the World Series)

Exercised the 2020 option of RHP Corey Kluber ($17.5M)

Declined the 2020 options of 2B Jason Kipnis ($16.5M/$2.5M) and RHP Dan Otero ($1.5M/$.1M)

(indians.com story)

3B Ryan Flaherty, RF Yasiel Puig, RHP Tyler Clippard, 2B Jason Kipnis, and RHP Dan Otero declared free agency

November 4, 2019

RHP Corey Kluber, OF Tyler Naquin, IF Christian Arroyo, RHP Danny Salazar, RHP Cody Anderson, LHP Tyler Olson, and RHP AJ Cole activated from the 60-day Injured List

RHP Danny Salazar, RHP Cody Anderson, LHP Tyler Olson, and RHP AJ Cole outrighted to AAA Columbus – all declared free agency

(indians.com story)

On Francisco Lindor, Success Cycles, and Rumor Laundering

Before diving in to the offseason, I want to re-expound on something that most people, especially on the national level, continue to not understand about how the Indians are making decisions.

The “success cycle” is the current paradigm for team building. At the start of the cycle, a team strips down their roster almost completely, trading off all their veteran players, and fielding a team that has no chance of winning for several years, with the side benefit of having an extremely low payroll. Then, assuming the front office made astute drafting and prospect evaluation decisions, the team begins to spend some money again, bringing in a couple key free agents. Then, when the young core is ready to compete for a championship, the wallet is opened wide and the minor-league system becomes only a vehicle for acquiring veteran players. Once the core gets old/expensive, the roster gets torn completely down and the cycle begins anew.

It is my belief that the Indians do not want to follow this cycle, having institutional memories about previous rebuilding eras. The 2002-2004 rebuild, short and necessary though it was, turned half the fanbase against the team, with attendance never recovering. The 2009-2012 rebuild wasn’t quite as devastating to attendance or fan perception, but nevertheless was not a fun period. In addition, the causes of those fallow periods haven’t been lost on the current front office, some of whom were there for them. Poor drafting, poor free agent decisions, and trading away prospects for short-term fixes were what sunk the team into the last two rebuilds, and many of the decisions since then have been made to avoid those previous mistakes.

With that in mind, consider the last year of decisions made by the Tribe front office. A typical team in the Indians’ place would have gorged itself in the free agent market, or at least traded some prospects to fill a hole. The Indians did neither, in fact they let go Michael Brantley via free agency, and suffered for it the following season. They traded Yan Gomes, their starting catcher, and shed payroll in several other moves. Yet they didn’t tear the roster apart, keeping the starting rotation together (at least to start the season) and the rest of the starting lineup. In other words, they didn’t commit to one path or the other that the success cycle demands of a team once the roster reached maturity. They did trade Trevor Bauer, but in return received a short-term rental (Yasiel Puig) and a medium-term solution (Franmil Reyes) in addition to some prospects.

So when the rumors about the Dodgers looking to trade for Francisco Lindor broke, I shook my head. The reporting by Jon Paul Morosi, as usual, is vague enough to be correct even if nothing happens:

 
Sources say the Dodgers are expected to pursue a trade for Indians shortstop Francisco Lindor as one possible addition to an offense that managed only a .303 on-base percentage during this month’s National League Division Series loss to the Nationals.

(snip)

The Indians have made no apparent progress on a long-term extension for Lindor, and many in the industry believe there is a good chance he will be dealt before next Opening Day.

Note that this reporting is that the Dodgers will be pursuing Lindor, not that the Indians are either looking to trade him or even listening. Just that some people in the industry (read: other front offices) think the Indians would deal him because they haven’t been able to make progress on a long-term deal. This of course led to this headline from Beyond the Boxscore, an SBN site (sigh):

This is clickbait. Oh sure, the headline/sub-headline is hedging its bets by using “it sure looks like” and “Lindor might be on the move” but ultimately it is using a rather typical Hot Stove League piece of reporting (X team is interested in X player) to give an excuse to wag the finger at the Indians for not ponying up to sign Lindor to a long-term deal:

While the Dodgers trying to make a move happen doesn’t mean that Cleveland will Lindorit’s clear that Cleveland’s ownership has little interest in extending Lindor or retaining him when he reaches free agency after the 2021 season. If Cleveland were to trade Lindor, it would be hard to view it as anything other than a purely cost-cutting move. We saw what their miserly approach following the 2018 season did to an assured division title, so such a move would be an admission that profits are more important than winning. 

Was it disappointing that the Indians let Michael Brantley go last year? Absolutely. But this analysis is ridiculously simplistic. The Indians have been a competitive team for seven straight years now, and are to the point in a typical success cycle where other teams in mid-tier and low-tier markets have thrown in the towel and tore the team completely down. The Royals were competitive for five seasons (2013-2017), then tore their roster completely apart. The Pirates also lasted five seasons (same time frame) before firing practically everyone and presumably starting over. But for all the Indians’ “miserly” ways, they still managed to field a team that until the last series of the season was in contention for a playoff spot. In other words, they have maintained the payroll of a contending team for longer than their peers, and at least will try to be competitive for an eighth year.

The author of the article is applying to the Indians a template that is not applicable. The Indians may eventually trade Lindor because it’s obvious that they aren’t going to give out an 8-year deal at $30M+ average annual value, but I do not think that they will trade him this winter, as Morosi is suggesting, nor would a Lindor trade be driven by cost-cutting for 2020. Lindor even at a projected $16M-18M salary is still a bargain for any team, including the Indians. The Indians want to compete again in 2020, and Lindor is inextricably linked to that goal. He will very likely be playing for someone else by the end of the 2021 season, and almost certainly will be by the start of the 2022 season, but that’s just how mid-market teams fare when it comes to superstars.

If team owner Paul Dolan had wanted to maximize profit, he would have done what the Houston Astros or Chicago Cubs or many other teams since then did: completely tank, a strategy that this author would undoubtedly condemn. In 2013, the Astros had a payroll of $35M despite residing in one of baseball’s largest markets, a payroll that the Indians hadn’t had since 2004. Cleveland ownership’s spending obviously isn’t going be confused with the late Mike Illitch of the Detroit Tigers anytime soon, but the Dolans have now presided over as long a competitive window as the Jacobs Field Era Indians of the mid-to-late 1990s, and are attempting to extend that window into 2020 and beyond. As an Indians fan, it has been a fun seven seasons, and although I’d love for the team to spend more, I can’t complain much about the results on the field.

The author then remarks that (1) MLB revenues are up and (2) references a Ringer article about how top prospects who are traded tend to underperform. Let’s take each argument separately.

That MLB revenues are up but payrolls have not increased at the same rate may be an issue for the MLBPA to key on in the upcoming Collective Bargaining Agreement negotiations (they expire after the 2021 season), but this is not relevant to the Indians re-signing Francisco Lindor. Free agency is a competition between MLB clubs, and the Indians are not going to fare well in this competition because they don’t have the revenue sources that other teams do, as alluded to in this sentence:

 
Forbes’ valuation of each baseball team put Cleveland as the sixth-least valuable team, but as a brand they’re still worth $1.1 billion.

Furthermore, a team’s valuation is not relevant to having more cash to throw around unless the team borrows against it. Or the owners sell the team, I guess, but that’s not helpful either for obvious reasons. Dolan did sell a piece of the club to John Sherman a couple of years ago, but Sherman is going to have to divest that by the time he officially takes over as owner of the Kansas City Royals.

The Indians may be able to deal with the short-term risk of allocating ~20% of their payroll ($30M AAV) to one player, but they simply can’t deal with the risk of allocating a significant portion of their payroll to one player 8-10 years from now, when Lindor would likely be on the downside of his career. Lindor will likely ask for that length of contract on the free agent market, and I don’t blame him for it, given that both Bryce Harper and Manny Machado got those types of deals last winter. Lindor bet on himself by not taking an earlier long-term extension (a la Jose Ramirez), and now he’s well within his rights to collect on that wager.

As for not trading Lindor because prospects don’t tend to work out, that’s not an argument that resonates with Indians fans. Of the high-profile players that the Indians have traded since Bartolo Colon in 2002, almost all those trades eventually worked out. And that’s not counting the many core players that the Indians got in what were considered minor trades (Shin-Soo Choo, Asdrubal Cabrera, Mike Clevinger, to name but a few). If the organization has been consistently good in one thing, it’s been getting good value when they do trade a core player.

In conclusion, I have no doubt that the Indians will eventually trade Francisco Lindor, but I don’t think it will be this winter, and that they will do so with a similar goal as they had in dealing Trevor Bauer: a return that balances the short-term (Puig) with the medium-term (Reyes) and a bit of the long-term (prospects).