A month ago I wondered how on earth Joe Sheehan could think that the Yankees not offering arbitration to Bobby Abreu wasn’t just a mistake, but the biggest mistake of the arbitration offering period. Sheehan stated that “in almost all cases” it favors offering arbitration to the player, which is nonsense and it doesn’t address specifically why he felt not offering Abreu arbitration was such a bad move by the Yankees.
First of all, it ignores Bobby Abreu’s diminished skills, which we have talked about here more than enough. It also ignored Abreu’s past salary ($16 million in 2008). If he was offered arbitration, Abreu could earn no less than a 10% pay cut from his 2008 salary, or best case scenario would have been a 2009 salary of $14.4 million. That’s only about $6 or $8 million more than he is actually worth. Offering a player like Bobby Abreu arbitration would be the sign of an incompetent organization, which Sheehan said he considered that arbitration period to be a litmus test of except he said players should be offered arbitration. Players should only be offered arbitration if they are going to be worth the salary that they most likely will earn. Bobby Abreu will not be. This was a very good decision by the Yankees. After all, Abreu is worth all of 0.7 wins in 2009, or less than $5 million.
Now consider that free agents like Ibanez and Burrell and Dunn were expecting to get lots of money this offseason. Ibanez and Burrell have signed for $10 million per year (same as Milton Bradley) and Adam Dunn isn’t finding too many teams interested in his services, which is good since he’s not going to be worth what he gets paid either. I don’t know if Ibanez or Burrell are better than Abreu (they’re probably the same) and Dunn is pretty much equal to him while Milton Bradley is better than all of them.
Think about that. If the Yankees offered arbitration they would be stuck paying a guy at least 50% more than other free agent outfielders who are equal to Abreu have gotten. The Yankees can afford this for sure, but why waste money that doesn’t need to be spent? It would have been insane for the Yankees to offer him arbitration. He’s simply not worth anywhere near what he would have earned had he accepted it.


1. vladimir (view all comments) — Jan 06, 2009 @ 04:41 PM
Hey, do you have a source for the 10% pay cut thing, Maddog? I just took a look at the CBA and I can’t find it.