Cardinals Hot Stove Report

 

As we reach the unofficial mid-point of the 2004-2005 off-season, the following is a high-level summary of the Hot Stove Happenings to-date.

 

Needs Going into the Off-Season

 

Coming off their 105-win, National League pennant-winning 2004 campaign, general manager Walt Jocketty knew he could not afford to stand pat.  His three stated priorities going into December’s Winter Meetings were: 1) get a front-of-the-rotation starter, 2) get a second baseman and 3) re-sign former Gold Glove and Silver Slugger award winning shortstop Edgar Renteria.   Another stated priority, but not viewed as immediate, was to re-sign Gold Glove catcher Mike Matheny.

 

Jocketty initially gave up ground on all four fronts.  First, Renteria was lost to the Boston Red Sox in an 11^th hour bidding war (a.k.a. the battle for respect).   The Cards wisely passed on a chance to match the San Francisco Giants’ three-year, $10.5 million bid for Matheny.  Their second base plans remain unclear, though it now appears that a low-budget solution may be in the offing.  However, shortly after the meetings, in mid-December, Jocketty did pull off a major trade to secure that desired starter, adding Mark Mulder from the Oakland A’s, after kicking Randy Johnson’s tires, among others. 

 

To fill the gaping gap up the middle, the team awarded the starting catcher’s job to youngster Yadier Molina and signed non-tendered David Eckstein from the Anaheim Angels to man the shortstop position.  Since Tony Womack was not retained, second base is expected to be contested between veteran Roberto Alomar (if he passes a physical and is signed by the team) and another player to be determined.  At this time, top free-agent candidates may include Mark Grudzielanek and Alex Cora, with a number of lesser names also options.

 

Additions

 

Via Trade:  Starter Mark Mulder

Via Free Agency:  Catcher Einar Diaz, shortstop David Eckstein, reliever Mike Myers, second baseman Roberto Alomar, middle infielder Abraham Nunez (minor league deal)

 

Subtractions

 

Via Trade:  Starter Dan Haren, reliever Kiko Calero (both to Oakland)

Via Waivers:  Swingman Jason Simontacchi, second baseman Marlon Anderson (signed with Mets)

Via Free Agency: Second baseman Tony Womack (Yankees), shortstop Edgar Renteria (Red Sox), catcher Mike Matheny (Giants), starter Woody Williams (Padres), reliever Steve Kline (Orioles)

 

What to Watch in the Spring

 

The main concerns for the Cardinals heading into spring training are three-fold.

 

1)  Starting pitching depth.  Two starters, Jason Marquis and Jeff Suppan, are set.  The other four contenders each have question marks by their names.  Matt Morris had shoulder surgery in the off-season and is projected to not be able to start for at least the first month of the 2005 regular season.  Enigmatic lefty Rick Ankiel ended his winter campaign in Puerto Rico with elbow soreness.  While all statements are that it was precautionary, there has to be concern.  Mulder had a precipitous drop-off in results during the second half of 2004 and lingering questions remain in some parts as to whether wily Billy Beane duped the Cards.  Chris Carpenter led the Redbirds staff in 2004, but was shelved for the final weeks of the regular season and the post-season with a mysterious biceps ailment.  Again, all the words are positive, but …

 

2)  Outfield age and depth.  The Cardinals cannot expect starters Reggie Sanders (37), Jim Edmonds (34) and Larry Walker (38) to go an entire season without one or more missing considerable time due to injury.  The bench offers little help, consisting of weak-hitting, defensive specialist So Taguchi (35), switch-hitting Roger Cedeno (30) and John Mabry (34), who will also likely be asked to back up both first and third base.

 

3)  Defense up the middle.  When Renteria and Matheny departed, they took five Gold Gloves with them.  The 22-year-old Molina is a solid prospect, but has big shoes to fill behind the plate.  While Eckstein is accurate from short, he has a weak arm and limited range.  Womack had his career year at second base in 2004 and the 2005 version of Alomar may bear little resemblance to the man whose tenth consecutive Gold Glove was earned back in 2001.

 

While on paper at least, the 2005 Cardinals look weaker at this point than the unit that trudged off the Busch Stadium field at the end of the World Series, the core of that ever-deadly offense remains.  Any team with Albert Pujols, Edmonds and Scott Rolen swinging the big bats will be a force to be reckoned with.  Trusty closer Jason Isringhausen is also expected to be ready to go following winter hip surgery. 

 

As with many teams in today’s game, the Cardinals continue to evolve.  In fact, Pujols, Edmonds, Morris, Izzy and reliever Cal Eldred are the only players remaining from the squad that went down to the Giants in the 2002 NLCS.

 

Jocketty may not be done assembling the 2005 edition of the Cardinals, either.  Last season, he acquired Womack during spring training for a middling Double-A pitcher and swiped Edmonds from the Angels with a week remaining before the start of the 2000 regular season.  Between now and opening day, Jocketty could easily make a few more moves to help shore up the deficiencies noted above.

 

2004: A Bad Year for Captains

 

I raised grumblings and generated impassioned speeches around here recently when I had the audacity to suggest that the importance of leadership can be overrated.  Now that the furor has died down, I will take another shot at explaining what I meant.

 

In professional baseball, especially with a team as veteran as the Cardinals, having a designated team leader is unnecessary.  In fact, in some cases, it could generate unneeded friction.  The few youngsters on the 2005 Cardinals squad will get all the support they need.

 

I have read some recent message board postings with amusement as Cardinals fans debate whether Albert Pujols, Scott Rolen, Jim Edmonds or even Reggie Sanders should be anointed as the next Cardinals’ leader/captain.  And, what a mistake it was to let two leaders like Mike Matheny and Woody Williams escape.

 

As most probably know by now, since-departed Edgar Renteria had been designated as the team’s informal captain by Manager Tony La Russa several years ago.  Yet, Renteria is a very quiet, reserved man and likely received that title in a show of respect and for his seniority on the team.  It certainly wasn’t for his vocal leadership.  Instead, Renteria led by example.  There are at least a dozen players on the current team for whom that same thing could be said.

 

Yet some fans pine for the signing of a veteran like Barry Larkin to help fill Renteria’s leadership void.  Apparently, they are worried that the rest of the team will be wandering around in the outfield like lost sheep without someone designated to show them the way to victory.

 

In my book, there has to be a darned good reason to designate a captain.  The Cardinals have done it sparingly over time, with Terry Moore in the ‘30s and ‘40s and Ken Boyer 20 years later as the only ones that readily come to mind.

 

Let’s take a look at some current captaincy situations in Major League Baseball.  You’ll see it hasn’t been all that great of a year for other teams’ designated leaders.

 

John Franco – New York Mets.  Along with some unpleasant stories about connections with reputed mobsters that now sleep with the fishes, so went the 44-year-old left-hander’s effectiveness.  After the Mets’ captain posted a 2-7 record with a 5.28 ERA, he was not asked back for 2005.

 

Barry Larkin – Cincinnati Reds.  During his 19^th year with the Reds, Larkin hinted strongly about retirement after the 2004 season.  Partially as a result, in a show of respect for his contributions, the Reds’ captain was named to the 2004 NL All-Star Team.  Shortly thereafter, Larkin changed his mind, expressing a desire to come back in 2005.  The Reds decided it wasn’t going to be with them.  Larkin is currently demanding a starting role in 2005, just as he did with Cincinnati prior to the 2004.  As a result, he is still unemployed.

 

Sammy Sosa – Chicago Cubs.  The Cubs captain’s nightmare 2004 has already been well-documented, reaching its crescendo as Sosa walked out on his teammates the final day of the season and publicly blasted his manager.  Because of his precipitous drop-off in effectiveness, Sosa’s hi-jinks are no longer welcome at the Crumbling Confines.  However, there is a major problem, as no other team has yet shown a willingness to assume the remainder of So-So’s bloated contract.

 

Alex Rodriguez – Texas Rangers.  Wait, A-Rod is a Yankee, right?  Well, most people have forgotten that in January of this year, tuxedo-clad Rangers’ management proudly introduced Rodriguez at a gala press conference as their new team captain.  It was the most blatant attempt at PR damage-control I have ever seen.  The Rangers had a major problem, publicly failing to move A-Rod and his bloated contract (see a pattern here?) to Boston, leaving egg all over everyone’s faces.  In a ridiculous move to try to patch things over, someone came up with the brilliant idea to make Rodriguez team captain.  Less than a month later, he was a New York Yankee.  Since they already had a captain, A-Rod had to settle for simply playing third base.

 

Derek Jeter – New York Yankees.  No one can complain about Jeter’s commitment to the game – except for George Steinbrenner, that is.  As a result, together they ended up mocking Jeter’s partying and leadership in a series of television commercials.

 

Jason Varitek – Boston Red Sox.  The acknowledged leader of the World Champions was holding out for months, looking for a whopping five-year, $55 million deal with a no-trade provision.  Part of the reward for the icon free agent eventually accepting a measly four-year, $40 million contract (see a pattern here?), ‘Tek was named Red Sox team captain.  Some members of Red Sox Nation are unhappy that this honor was tied to a contract negotiation.  Beantown captaincy had previously been bestowed on only two men, true icons Jim Rice and Carl Yastrzemski.  No word whether fellow $40 million teammate Renteria felt less respected as a result.

 

In summary, it wasn’t a banner year for team captains in MLB.  So, let’s stop all the talk about a 2005 Cardinals captain, too.  Better to restrict the discussion of captains to high schools and varsity sports.  There are plenty of Cardinals leaders to go around, and they’ll demonstrate all the leadership needed on the field every day. 

 

Besides, all this captain stuff is just plain bad luck.  If you doubt me, ask Sammy.  You’ll have to ask him to turn down his boom box first, though.

 

2005 Salary Budget – Where do the Cardinals stand, anyway?

 

Over the past few weeks, I’ve received notes asking about the status of the current Cardinals salary budget.  Others have asked for help as they try to develop their own view.  Heck, even my oldest son suggested I was overdue in updating the salary situation.  After all, I remain quite vocal that I am hoping to see more than a garden-variety second baseman added before the 2005 Cardinals are considered complete.  So, I needed to do this to convince myself it could still be accomplished while remaining within budget.

 

However, before I fully jumped back into the salary waters, to do it right, I needed to get clarification of how the numbers are accounted-for by the team.  Otherwise, faulty assumptions can be made that could give one either an overly-optimistic or pessimistic view of the situation.

 

Rather than guess about all this, I simply asked a member of the front office who has personal familiarity with how the Cardinals account for player salaries.  The assumptions that follow are a direct result of that dialogue.  Please read them carefully, as they affect how salaries are accounted-for here.  Others may be making different assumptions when they report salaries.

 

Assumption #1.  Deferred dollars are booked in the year from which they were originally deferred.  That is why, contrary to what others have assumed, the $3 million that was deferred from Jason Isringhausen’s salary last season still had to be booked in 2004.  It does not diminish the 2005 salary budget by another $3 million as a result.  Think of it like this.  The Cards were still required to put the money aside at the time, but they just didn’t have to give it to the player yet.

 

Assumption #2.  Signing bonuses are booked equally across the years of a contract.  For example, assume a player has a $300,000 signing bonus and a three-year contract at $1M, $2M and $3M.  What would be booked is $1.1M the first year, followed by $2.1M and $3.1M the final years.

 

Assumption #3.  The salary booked this season is the immediate concern.  That is the total which the team is managing to and the one that we follow most closely.  The amount Jeff Luhnow quoted in our interview last week was $88 million, slightly higher than previous reports of $85 and $87 million.

 

Assumption #4.  Incentives are booked in the year they are earned.  While I listed Albert Pujols’ and others’ known incentives below, very likely there are others not made public.  In fact, incentives are included more for informational purposes than anything else.  In reality, only a small percentage of them will actually be achieved and as a result, they shouldn’t skew the budget dramatically either way.  Another way of looking at it is that if all these incentives were met, the Cards would surely be World Champions and the owners would feel a lot better about shelling out the extra cash.

 

A warning.  While the above assumptions are straightforward enough, this is not an exact science.  While the following is as accurate as I can make it, my front office contact acknowledges this gets “hairy at times”. 

 

Here’s an example of “hairiness” using the largest contract in team history, the one that Albert Pujols signed last winter, and first reported by me right here at The Birdhouse.  Yearly salaries:  2004: $7M, 2005: $11M, 2006: $14M, 2007: $15M, 2008: $16M, 2009: $16M, 2010: $16M.  For each of the years 2007-2010, $3M of salary is deferred without interest.  The total of $12M in deferred money is paid out at the rate of $1.2M per year from 2020-2029.  2011: Club option for $16M or $5M buyout, of which $4M is deferred without interest.  All Star: $50,000; $25,000 for selection.  Gold Glove: $50,000.  Silver Slugger: $50,000.  MVP: $200,000; $100,000 (2^nd); $50,000 (3^rd).  Division Series MVP: $50,000.  League Series MVP: $100,000.  World Series MVP: $150,000. 

 

Pitchers (11)	‘05 Salary	Incentives	Notes
Chris Carpenter	$2,400,000	$2,200,000
Cal Eldred	$600,000
Jason Isringhausen	$9,250,000		Additional $3 million deferred booked in 2004
Ray King	$2,000,000		Estimate - yearly breakdown of 2 year/$2.6M deal unknown
Mike Lincoln	$360,000	$160,000
Matt Morris	$2,500,000	$4,500,000
Mark Mulder	$6,000,000	$1,000,000
Mike Myers	$600,000
Al Reyes	$600,000
Jeff Suppan	$4,000,000		$1 million buyout would apply in 2006
Julian Tavarez	$2,600,000
Subtotal	$31,110,000
Position Players (11)
Roger Cedeno	$500,000		Remainder of salary covered by the Mets
Einar Diaz	$600,000	$225,000
David Eckstein	$2,333,000		Includes $250K bonus spread over three years
Jim Edmonds	$9,800,000
John Mabry	$750,000
Yadier Molina	$316,000
Albert Pujols	$11,000,000	$650,000