Thursday, March 29, 2012

D-ger Deal Viability Questioned But Maybe New Owners Have Grander Plans

Very interesting article on ESPN regarding the D-ger sale deal.  Economists are also shocked at the $2.15B price tag (the actual details seems to vary with the wind, but the latest I understand is it is $2B for the team, and $150M for the parking lot, where they own half and McCourt owns half, but the team would control everything and receive all monies generated, but any development would then benefit both).

Andrew Zimbalist, an economist who writes a lot of articles and books on team valuation, noted "At the end of the day, you have to question the deal."  Mark Rosentraub, a University of Michigan sports management professor said "It's the craziest deal ever; it makes no sense.  That's why you saw so many groups drop out.  I don't get it.  The numbers just don't work.  It doesn't make business sense.  ... [it] is over $800 million more than what pencils out for a profitable investment for a baseball team.  If making money doesn't count, this is a great move.  But now we're into buying art and I can't value art.  I can just run the model numbers and it doesn't make sense."  That extra money is basically McCourt's profit off the deal, from what I can tell from the articles I've read, he is suppose to come out of this with $7-800M after paying off debts and his ex-wife.

The article noted, "The problem economists have with the sale of the team being tied to the television contract is teams use their television deals as revenue to improve the team, not to offset the costs of overpaying for a franchise."

One of the economists also noted McCourt's continued involvement as a stunner, but as I noted above, subsequent info from the buying group stated clearly that McCourt's involvement is nil except as an equity partner.  Though I agree with the economists, for the money they paid, they should have been able to buy out everything and push him out completely, when you are overpaying by that much.  They also make the interesting point that McCourt has been in court frequently in the past suing his partners for one thing or another, which would be a headache that the new owners would have to deal with.

Lots of good info on TV deals reiterated here, so I thought I would bring that up.  Fox had offered McCourt a 20-year, $3B deal, which was basically what the Angels got last December from Fox, worth "at least $3B" and apparently the Rangers got a similar deal at similar terms as well. It also noted that a TV deal is not a done deal, that they could start their own regional sports network like the Yankees have with the YES Network (and Red Sox with their NES Network).  Looking this up on Wikipedia, the Giants own 30% of CSN Bay Area, with 45% owned by NBCUniversal (formerly Comcast) and 25% owned by Fox.

Giants Thoughts

Nothing like good D-ger turmoil to warm a Giants fan's heart.  Baer had his "play nice with your neighbors" message about it being good to have a competitive D-ger team, but I am more than happy to see the D-gers fall on their faces for an eternity.

I didn't look too deeply at the numbers, but I thought the deal looked kind of squirrelly financially, but I couldn't put my finger on it.  But the comment above confirmed the thought I had, that the potential TV deal appears to pay for the valuation, but then where is the money for the team?

But either economist noted that most teams are not bought for their financial flow into their owner's coffers.  They are usually bought for their long-term appreciation, which is when they would get their money back.  Still, overpaying by double is a sure way to reduce your ROI by a lot.

Here is how I think the value works out for the owners.  It has to do with the land involved and the new owners wanted to be aggressive and win the bidding outright, without much thinking on the part of McCourt or the MLB before they agree on the deal.  So that's why I think Magic's group went with their "Buy It NOW" bid, a la eBay (this article on Yahoo supports this notion, noting the new owner wanted to "win by two touchdowns."; this article has another figure on a TV deal, $4M over 20 years).

As Mark Purdy notes in his column, the new owner is the CEO of a huge $125B financial firm called Guggenheim Partners, and the official name of the new D-gers ownership group is Guggenheim Baseball Management LLC, and not named after Walters or anything else, implying that the assets of this firm could be intertwined with the D-gers in some way.  What is the mission statement for the new owner?  "all I want to do is get to the World Series."  (Sidenote:  obviously, he's never spoken with Barry Bonds, who, after losing the 2002 World Series, his wife at that time told him, "well, you got what you wished for, you wanted to get to the World Series, and you did...").

In the Purdy article, he noted that Andy Dolich, a long-time sports management executive in the Bay Area (stints with A's, Warriors, and 49ers), who was an advisor to one of the bidders, had his financial people run a financial model and came up with a bid of $1.2-1.3B as the one that made the most economic sense, which is in line with what one of the professors was quoted (he noted it was $800M over).  So he was blown out by the actual winning bid.

One of the theories he came up with that could explain the grander plans is one where Dodger Stadium would be razed and a new one built near the Staples Center, in the L.A. Live District, which is owned and run by Anschutz Entertainment Group.  AEG would partner with Guggenheim to build the new baseball park, which would benefit the L.A. Live District since there are 81 baseball dates each year (and 3-10 more if playoffs), while Dodger Stadium would be razed to build a new football stadium complex at Chavez Ravine.

And that is basically what I thought is how they plan on making the big money, doing something with the Chavez Ravine property, because it is a huge tract of mostly undeveloped land in land-locked LA, though this baseball-football plan is way beyond what I would have thought.  Kind of like what was envisioned for the 49ers, where there would be a hotel and commercial complex built around the stadium, where synergies would feed off each other for additional revenues beyond just the team itself.

Purdy also noted that Jed York once worked for Guggenheim, so Walter could have perhaps contacted him to discuss the NFL.  It makes sense, as Walter, per this theory, would be very interested in the 49er's quest for their stadium.  But this theory is a bit of a stretch, Walter won't know every employee who has ever worked in his $125B company, and it is not like people from rich families will necessarily seek either other out.  Still, you never know, maybe York sought out Walter's advice at some point, for some reason, when he was pursuing his 49er's stadium deal.

Meanwhile, Walter/Guggenheim has so much money that they do not need to pocket the $150-200M per year TV deal in order to make their investment work for them, cash flow is not the only way to benefit from an investment, which is what the economists above statically assumed.  This reminded me of the situation when the Texas Rangers were sold to their prior owner, he bought up all sorts of land around the stadium, with plans to build, build, build and profit off the synergies thereof.

It didn't work for him, but this football-baseball stadium theory makes a lot of sense.  As nice as I've heard Dodger Stadium to be, it is now around 50 years old, and even Yankee Stadium, the House that Ruth built, was razed (though Fenway and Wrigley still are kicking).  Stadium technology is way beyond now, and you know L.A. love their glitz and glam, and as nice as Dodger Stadium might be, it is neither.

And as the Giants park showed, and I'm sure other parks too, there can be a lot of commercial synergies between the park and the surrounding area, which will show up in the financial statements of the owners in some way, just not necessarily from their Dodger's investment (which was the Texas owner, Hicks, idea).  The owner does not care how the money gets into their pockets, whether through the Dodgers or their other investments, as long as it gets into their pockets.  And given the high probability that the new L.A. NFL franchise should be a huge money maker for the new owner (remember, Walter has many more billions that he can tap into, $2B is pocket change for him), if they can come in with a grand plan for a stadium/commercial complex, the NFL will probably come hat in hand with the coveted L.A. franchise.  

Which means that however the Dodgers go with their TV situation - a deal with a cable outlet or their own network (better bet given the big money involved) - that money stream will probably go straight to the team to be used for payroll and everything, not retained by the owners to get a return on their $2B investment.  And thus they will be a big bidder for free agent riches next offseason, much like the Angels were this off-season, when they signed Albert Pujols and C.J. Wilson.

So hopefully Baggerly's report that the negotiations between the Giants and Cain "have picked up talks again" is accurate and shows that both sides want to get things done.  As I noted in my post yesterday, it made sense that there would be a stall in negotiations to see what happens with the D-ger sale, to get a better feel - for both sides - of how much of a threat the new D-ger owner might be in the free agent market next off-season.  I think this boosts Cain's leverage a lot, and think something in the $110-120M range for 5 years is now possible, though anywhere from $100-120M is possible I think, the only clear thing now is that he probably will reach 9 figures.

Baggerly reported today that Baer participated in a chat via Twitter with fans and said that it is a mischaracterization to say that there is a hard deadline or that the Giants are lowballing Cain.  Given that talks have started up again, I rather doubt that the Giants were lowballing Cain (else, at this point, why bother continue talking with the Giants?), but rather, Cain's agents have been asking for the moon on the assumption that the new D-gers owners would be spending big bucks next season.  Particularly given the rumor that the Giants were willing to meet them halfway between their offer and Cain's agent's asking but was turned down.

While I think that the D-gers will be spending, that is not a certainty given what is known right now about the situation, it does look like the new owners overpaid and that they will be soaking in the TV deal to make their return on investment, per what the economists said.  And that situation will not be clarified for a long while, perhaps not even by next off-season, so if Cain's agents were to wait for free agency, they could be taking the chance that the D-gers might pass on free agents next off-season and not get into free agency in a big way until they get all their plans lined up.

Cain does not appear to be a dice roller, so I expect the negotiations to move a lot faster now that the D-ger situation is cleared up for his agents, and a deal will get signed at some point.  I would guess given Baer's statement, most likely no deal will get done before the start of the season, but that there will be more media  announcements like this that the two sides are continuing to talk and moving closer to agreement.  You have to talk tough as a negotiator and nicely once the deal is done, for maximum image as a negotiator in the public eye.

I still think that $20M per season is fair market value for Cain.  I have seen comments that C.J. Wilson's deal sets Cain's price higher, but in researching it now, I see that most of those people were mixing contract numbers.  They saw him signing for 5 years and $78M and assumed the Marlin's $100M deal was for 5 years, but all the instances I found stated that was for 6 years, so really, the Angel's offer was actually very similar to the Marlins, only one year less.  So he only got roughly $16M per season, not the $20M that I saw some quote.

But the D-gers are now a wild card bidder that will provide some upward loft on Cain's salary.  While no sure thing, it is enough of a threat that the Giants will move higher than they had intended, but enough of a question mark that Cain's side must drop their asking price, because not many teams can afford $20M per season and most of the big spenders have spent their money already.  Cain's agents don't want to get into a situation like Madson this off-season or Ivan Rodriguez in 2003, where a very good player has to take a one year deal to wait for a big money team to offer big bucks to him.

That's huge additional risk to take when your client is a pitcher, as Ryan Madson's agent found out, pitching for a contract year to year.  His agents can't advise Cain to leave a 9 digit deal on the table, that would be fiduciary incompetence on the part of his agents, especially in light of the slow growth in the U.S. economy that threatens to implode if the EU or China hits a speed bump in their economies (or debt deals), as well as the possibility that the number of MLB bidders might be limited (the Mets are surely out).

But agents and players have done stupid things before.  There have been players before who turn down big deals (like the Red Sox's Nomar Garciaparra) or asked for contracts way beyond the market interest (like the Giants's Rich Aurilia) who lived to regret doing that.  And I don't want the Giants to accede to stupid outrageous salary demands, should Cain's agents be doing that as a big show for their big new client.

For as sure as it is now that Giants fans complains about the Zito signing, if Cain signs an outrageous deal and, say, his elbow implodes and he's no longer productive (see Noah Lowry for how fast things can change), you will find the same fans who derided the Giants for not giving Cain all the money in the world will be the same ones saying what idiots the Giants were to sign Cain to such a huge contract.

No comments:

Post a Comment

Labels

1984 Draft (1) 2007 Draft (15) 2007 Giants (52) 2008 Draft (22) 2008 Giants (53) 2008 season (6) 2009 Draft (18) 2009 Giants (87) 2009 season (24) 2010 Decade (12) 2010 Draft (11) 2010 Giants (137) 2010 NL ROY award (1) 2010 season (19) 2010's (3) 2011 Draft (9) 2011 Giants (84) 2011 season (8) 2012 Draft (11) 2012 Giants (93) 2012 season (11) 2013 Draft (3) 2013 Giants (39) 2013 season (5) 2014 (1) 2014 draft (5) 2014 Giants (79) 2014 season (16) 2015 Draft (4) 2015 Giants (50) 2015 season (10) 2016 Draft (1) 2016 Giants (45) 2016 season (6) 2017 Draft (2) 2017 Giants (16) 25 man roster (10) 25th man fallacy (1) 3B (1) 40 Man Roster (8) 49ers (1) 6-man rotation (3) 89 Quake (1) 89 World Series (1) A-Ball (1) A-Gon (1) A-Rod (3) A's (6) AA-Ball (1) Aaron Rowand (25) accomplishments (1) ace pitcher (1) Adalberto Mejia (6) Adam Duvall (5) AFL (4) Albert Suarez (4) Alex Hinshaw (3) Alex Pavlovic (1) All-Star Game (1) almost perfect game (1) Amphetamine (2) analysis (19) Andre Torres (14) Andres Torres (2) Andrew Suarez (2) Andrew Susac (11) Andy Baggerly (2) Andy Sisco (1) Angel Joseph (1) Angel Pagan (17) Angel Villalona (30) Anniversary (1) appendicitis (1) Aramis Garcia (1) Arbitration (17) Armando Benitez (5) Armando Gallaraga (1) art of failure (1) Asia-Pacific signing (1) assessment (1) At the Rate They Are Going (1) ATT Park (1) Aubrey Huff (20) Austin Slater (1) Award (4) BABIP (3) Barry Bonds (30) Barry Zito (77) baseball (1) Baseball America (2) Baseball Prospectus (3) Baseball Prospectus Bias Against Giants (3) baseball strategy (6) Baseball Study (17) baserunning (2) batting peripherals (1) batting stance analysis (1) batting title champion (1) Beat LA (8) bench players (4) Bengie Molina (14) Benjamin Snyder (1) Bert Blyleven (1) best manager (1) best practices (2) Beyond the Box Score (1) Bias Against Giants (1) Big 6 (9) Bill Hall (1) Bill James (1) Bill James Handbook (2) Bill Mueller (1) Bill Neukom (21) Billy Beane (3) Blog Philosophy (2) Bob Howry (2) Bob Mariano (1) Bobby Evans (2) Boston Red Sox (1) Brad Hennessey (5) Brad Penny (2) Brandon Bednar (1) Brandon Belt (47) Brandon Crawford (24) Brandon Hicks (1) Braves (5) breakout (2) Brett Bochy (4) Brett Pill (9) Brian Anderson (1) Brian Bocock (2) Brian Cooper (1) Brian Horwitz (3) Brian Ragira (2) Brian Sabean (45) Brian Wilson (14) Bridegrooms (6) Bruce Bochy (29) Bucky Showalter (1) bulllpen (2) Bullpen (29) Business Plan (13) Buster Posey (98) Byran Reynolds (1) Byung-Hyun Kim (1) Cained (4) call-ups (3) Candlestick Park (1) Cards (13) Career Prospects (4) Carl Hubbell (1) Carlos Beltran (4) Carlos Gomez (1) Carney Lansford (2) Carter Jurica (1) Casey McGeHee (3) catcher injury (5) catching (2) CC Sabathia (1) censorship (2) CEO (2) Chad Gaudin (5) Charles Culberson (5) Charlie Culberson (3) Chase Johnson (3) Chillax (1) Chris Brown (1) Chris Gloor (1) Chris Heston (18) Chris Lincecum (1) Chris Marrero (1) Chris O'Leary (1) Chris Ray (4) Chris Shaw (2) Chris Stewart (4) Chris Stratton (11) Christian Arroyo (6) Christmas (1) Christopher Dominguez (4) Christy Mathewson (1) Chuckie Jones (2) Clay Hensley (3) Clayton Blackburn (10) Clayton Tanner (3) Closer (8) closer by committee (3) Coaches (3) Cody Hall (2) Cody Ross (8) Col (1) Comeback Award (1) Commissioner (1) comparison (1) competitive advantage (1) Competitive Balance Tax (2) competitiveness (1) Conor Gillaspie (25) contender (1) contract extension (3) contract negotiations (2) contract signing (6) core competency (1) Cory Gearrin (2) Cory Guerrin (1) Cory Hart (1) Craig Whitaker (2) cuts (1) Cy Young Award (5) D-backs (15) D-gers (36) D-Rocks (3) D-Rox (17) Dallas McPherson (1) Dan Ortmeier (11) Dan Otero (2) Dan Runzler (6) Dan Slania (2) Dan Uggla (1) Daniel Carbonell (1) Daniel Slania (2) Darren Ford (1) Dave Roberts (11) David Aardsma (1) David Huff (2) David Loewenstein (1) Decade of the Giants (11) decline (1) Defense (8) Deferred Money (1) deleted comment (1) Denard Span (2) depth (1) Derek Law (8) Detroit Tigers (1) DFA (3) DH (2) Dick Tidrow (2) dictionary (1) Dirty (1) DL (2) dodgers (12) Donald Snelten (1) Draft (7) Draft Analysis (15) Draft Bonus (7) draft list (2) draft philosophy (1) draft signing (3) Draft Strategy (11) Draft Study (2) Draft Success (2) drafting (1) Dres (16) DRS (1) Dynasty (1) Edgar Renteria (13) Eduardo Nunez (4) Edwin Escobar (5) Ehire Adrianza (26) Eli Whiteside (4) Elimination game (1) EME (2) Emmanuel Burriss (18) epic season (6) Eric Byrnes (1) Eric Surkamp (6) Erik Cordier (1) Eugenio Velez (12) evaluation (2) extension (7) fan outrage (1) fanfest (1) FanGraphs (2) felony conviction (1) Fielding (4) Fielding Stats (4) finger injury (3) first post-season press conference (2) Francisco Peguero (4) Fred Lewis (3) Freddie Lewis (17) Freddie Sanchez (4) Freddy Sanchez (7) Free Agency (7) Free agent possibilities (20) Free agent signing (13) Free agent signings (21) front office (1) Game Score (3) gamer-tude (1) Gary Brown (26) Geno Espinelli (1) George Kontos (10) Ghosts of Giants Drafts (1) Giants (8) Giants Announcer (1) Giants blogs (3) Giants Chat (4) Giants Defense (1) Giants Draft (11) Giants Drafts (2) Giants Farm System (32) Giants Franchise record (2) Giants Future (64) Giants GM (4) Giants Greats (3) Giants hitting manual (1) Giants No-Hitter (5) Giants Offense (27) Giants Offseason (21) Giants Pitching (3) Giants Strategy (35) GiDar (1) Gino Espinelli (1) glossary (1) Gold Glove Award (1) good will (1) Gorkys Hernandez (1) Graphical Player (1) Gregor Blanco (15) Gregor Moscoso (1) Guillermo Moscoso (2) Guillermo Mota (2) Guillermo Quiroz (1) Gustavo Cabrera (4) Hall of Fame (9) Hall of Shame (4) Hank Aaron (5) Happy Holidays (2) Hate mail (1) heart-warming (1) Heath Hembree (8) Heath Quinn (1) Hector Correa (1) Hector Sanchez (11) Heliot Ramos (1) Henry Sosa (8) HGH (1) Hidden Game (1) high expectations (1) high school focus in draft (1) high velocity hitters (1) high velocity pitchers (1) Hitter's League (1) Hitting (17) Hitting Coach (1) hitting mechanics (3) hitting pitchers (2) hitting streak (1) Hitting; (1) Home Run Career Record (7) Home Run Hitting Contest (1) Hunter Pence (23) Hunter Stickland (1) Hunter Strickland (4) Ian Gardeck (1) Idea (4) IFA (1) improvement (2) Indictment (1) injury (3) instant replay (2) instructor (1) Interesting Question (1) International Free Agent Pursuits (3) International Signings (5) interview (4) Investment (1) Ivan Ochoa (2) J2 (1) Jack Taschner (4) Jackson Williams (3) Jacob Dunnington (1) Jacob Gonzalez (1) Jacob McCasland (1) Jae-gyun Hwang (1) Jake Dunning (2) Jake Peavy (39) Jake Smith (1) Jalen Miller (1) Japanese Starters (1) Jarrett Parker (8) Jason Heyward (1) Jason Maxwell (2) Jason Stoffel (1) Javier Lopez (5) JC Gutierrez (3) Jean Machi (6) Jeff Kent (1) Jeff Samardzija (15) Jeff Suppan (1) Jeremy Affeldt (12) Jeremy Shelley (2) Jerome Williams (1) Jesse English (2) Jesse Foppert (1) Jesus Guzman (4) Jimmy Rollins (1) Joaquin Arias (14) Joe Panik (14) Joe Torre (1) Joey Martinez (2) Johan Santana (1) John Barr (1) John Bowker (22) John Thorn (1) Johneshwy Fargas (2) Johnny Bench (1) Johnny Cueto (16) Johnny Monell (1) Johnny Rucker (1) Jonah Arenado (1) Jonathan Mayo (1) Jonathan Sanchez (49) Jordan Johnson (1) Jose Canseco (1) Jose Casilla (1) Jose Guillen (3) Jose Mijares (3) Jose Uribe (2) Josh Osich (5) JT Snow (1) Juan Perez (6) Juan Uribe (9) Juggling Monkey (1) Julio Urias (1) jury (1) Just Say No (1) Kelby Tomlinson (4) Kendry Flores (2) Keury Mella (2) Kevin Correia (2) Kevin Frandsen (22) Kevin Pucetas (10) KNBR (1) Kung Fu Panda (30) Kyle Crick (15) Larry Baer (2) Larry Ellison (1) Lead-off (2) leadoff (1) left-handed (1) Lew Wolff (1) LHP (1) Lineup (17) lineup construction (3) Lineup position (1) links (1) Lon Simmons (1) long relief (1) Long-Term Contract (22) long-term planning (3) losing streak (1) Lucius Fox (3) luck (2) Luis Angel Mateo (2) lunatic fringe (1) Mac Marshall (1) Mac Williamson (8) Madison Bumgarner (166) Mailbox (1) Malcolm Gladwell (1) management change (3) management issues (5) managerial value (4) Manny (1) Marc Kroon (2) Marco Scutaro (12) Mark DeRosa (8) Mark Melancon (1) Marlon Byrd (1) Martin Agosta (7) Marvin Miller (1) Masahiro Tanaka (1) Mason McVay (1) Matsuzaka (1) Matt Cain (155) Matt Downs (2) Matt Duffy (8) Matt Graham (1) Matt Holliday (1) Matt Krook (1) Matt Moore (9) Matt Morris (2) Mechanics (4) Media (16) Media Bias (17) Media Trade Idea (3) Medical (1) Mediocy (10) Mediots (4) Melk-Gone (1) Melky Cabrera (14) memories (1) mental (1) Merkin Valdez (8) Message in a Bottle (1) methodology (2) MI (1) Michael Main (1) Michael Trout (1) middle infield (1) Miguel Cabrera (2) Miguel Gomez (1) Miguel Tejada (5) Mike Fontenot (3) Mike Ivie (1) Mike Kickham (9) Mike Leake (11) Mike Matheny (1) Mike Morse (10) milestone (1) minor league (1) minor league contract (2) minors (11) mismanagement (1) misnomer (1) mistakes (2) MLB (2) MLB stupidity (2) MLB Success (7) MLB Trade Rumors (1) MLBAM (1) MLBTR (1) MLE (1) Mock Draft analysis (7) MVP (2) Natanael Javier (1) Nate Schierholtz (45) Nathanael Javier (1) Nationals (1) Naysayers (1) Negotiations (1) Neil Ramirez (1) Next Gen (1) Nick Hundley (1) Nick Noonan (27) Nick Pereira (1) Nick Vander Tuig (2) NL Champions (2) NL West (23) NL West Division Title (17) NL West Future (1) NLCS (22) NLCS MVP (2) NLDS (8) Noah Lowry (14) non-roster invitees (1) non-tenders (2) Nori Aoki (4) NPB (1) Oakland A's (4) OBP (1) oddities (1) Offense (3) offensive era (1) Omar Vizquel (3) one-run games (3) Opening Day (5) opening day pitcher (3) opening day roster (9) Optimism (1) Osiris Matos (2) Outfield (2) overturned (1) Ownership (7) Pablo Sandoval (92) Padres (1) Panda (6) Pandoval (1) passing (1) Pat Burrell (15) Pat Misch (5) Payroll (10) Pedro Feliz (12) PEDS (10) Perfect Game (2) perjury trial (1) Personal Reminiscence (2) Pessimism (1) Pete Palmer (1) Pete Rose (3) Peter Magowan (2) Phil Bickford (3) Phillies (7) philosophy (1) Phoenix Theory of Rebuilding (1) Pitch Count (3) pitch value (1) Pitcher hitting 8th (1) Pitchers League (1) Pitching (19) Pitching Rotation (73) pitching staff (5) plate discipline (1) platoon players (1) Play Ball (1) player budget (2) player development (2) playoff (2) playoff hopes (35) playoff roster (2) playoff rotation (5) Playoff Success (21) Playoffs (40) postmortem (1) PQS (93) press conference (2) pressure (2) priorities (1) Projected Record (6) projection (2) projections (2) promotion (2) prospect (3) prospect analysis (4) prospect handling (1) Prospect of Note (3) prospect study (1) Prospects (44) quality starts (1) questions (1) radio great (1) Rafael Rodriquez (8) Rajai Davis (2) Ralph Barbieri (1) Ramon Ramirez (3) Randy Johnson (10) Randy Messenger (2) Randy Winn (14) Rangers (5) Ranking (4) raspberry (1) Ray Durham (5) re-sign (2) Rebuilding (4) Rebuilding Myths series (1) rebuttal (1) Reds (5) Relocation Concession (2) Research (2) resource scarcity (1) rest for starters (1) Retired (3) Retirement (1) return (1) Reyes Moronta (1) RHP (1) Rich Aurilia (7) Rick Peterson (1) Rickie Weeks (1) Ricky Oropesa (3) right-handed (1) risk mitigation (2) risk profile (1) Rockies (1) Rod Beck (1) Roger Kieschnick (13) Roger Metzger (1) Ron Shandler (2) Ronnie Jebavy (1) Rookie of the Year (1) Roster (4) rosterbation (2) ROY (2) Royals (3) Rule 5 (1) Rule 5 Draft Pick (3) rumors (9) run production (1) runs support (1) Russ Ortiz (11) Ryan Garko (2) Ryan Klesko (4) Ryan Rohlinger (2) Ryan Theriot (3) Ryan Vogelsong (93) Ryder Jones (2) Sabean Naysayers (6) Sabermetric Thoughts (6) sabermetrics (4) SABR (1) Salary speculation (3) SALLY (1) San Jose Giants (1) San Jose Relocation (3) Sandy Rosario (1) Santiago Casilla (9) Scott McClain (2) Scott Shuman (1) Scouting (1) secret sauce (1) Sergio Romo (17) Seth Corry (1) SF Giants (2) Shilo McCall (1) Shooter (1) shutouts (1) Signature Song (1) signing (13) Silly-Ball (3) South Atlantic League (1) South Bay Rights (1) SP usage (1) splits (2) Spring Training (16) standings (1) starting lineup (18) starting pitching (72) Statcorner (1) statistics (2) STATS (1) Steamer (1) Steroids (6) Steve Edlefsen (4) Steve Johnson (3) Steve Okert (7) strikeout rate (1) Sue Burns (1) sunk costs (1) superstition (1) Tax (1) team culture (1) Team of the 2010's (1) Team of the Decade (3) Team Speed (1) Team Support (1) Thank You (1) The Evil Ones (tm) (1) The Giants Way (1) The Hardball Times (1) The Hey Series (15) Thomas Joseph (3) Thomas Neal (9) Tigers (4) Tim Alderson (17) Tim Hudson (39) Tim Lincecum (194) Todd Linden (3) Todd Wellemeyer (6) Tommy Joseph (3) top prospect list (4) Trade (11) Trade Analysis (17) Trade Idea (8) Trade PTBNL (2) Trade Rumors (30) trading (1) training staff (2) Training Tool (1) Travis Blackley (1) Travis Ishikawa (47) Trevor Brown (4) turning point (1) Ty Blach (9) Tyler Beede (6) Tyler Horan (1) Tyler Rogers (1) Tyler Walker (2) umpire mistake (3) Umpires (3) USA Today (1) utility (1) Voros McCracken (1) Waldis Joaquin (5) walks (1) Wall of Fame (1) WAR (1) Warrior Spirit (1) Wendell Fairley (10) What-If Scenario (3) wild card (1) wild card race (1) Will Clark (1) Will Smith (3) Willie Mac Award (1) Willie Mays (1) winning on the road (1) Winter League (1) winter meetings (1) World Series (26) World Series Champions (11) WS Ring Bling (1) xBABIP (1) Yusmeiro Petit (40) Zack Wheeler (9) ZiPS (1)