Nationals Arm Race

Crowe signed for exactly slot. Photo via d1baseball.com

A quick summary of the Nats 2017 draft, now that the signing deadline has passed.

Here’s a link to my tracking XLS to show my work.  It has round, overall, slot figures, known bonuses, twitter accounts and some links for pertinent stories.

By my counts, here’s how the financials worked for this year’s draft:

• $5,503,500: Nats bonus pool for the top 10 rounds and all overages in rounds 11-40.
• $5,778,675: Bonus pool with 5% cushion (above 5% cushion they lose draft picks, below they just pay tax on the overage)
• $5,673,800: total bonus figures paid to the top 10 rounds of players plus the over-slot deal given to 12th rounder Jackson Stoeckinger
• $220,300: thus the amount they went over the official bonus pool
• $54,875: the amount they left “on the table” under the 5% cushion figure (clearly not enough to get Montes de Oca).
• $6,836,300: the total amount of (known) bonus dollars paid to all their signed players.  mlbpipeline.com did a good job this year getting bonuses for practically everyone who signed, unlike prior  years where anyone outside the top 10 remained mostly a mystery unless they were huge over-slot guys.

Over Slot deals:

• 1st rounder: Seth Romero: $269,600 over slot.  We’ve discussed this ad-naseum; really have no idea how he was able to command an over-slot deal.
• 7th rounder Jackson Tetreault: $121,900 over slot, a Juco guy with a commitment to USF that they had to buy him out of.
• 9th rounder Alex Troop:  $47,000 over slot: a solid college junior with leverage to go back to school
• 12th rounder Jackson Stoeckinger: $50,000 over slot to buy the Juco pitcher out of a commit to Kentucky.

Under slot deals:

• 3rd rounder Nick Raquet, $47,300 under slot, though not nearly as much as I thought he’d be under.
• 4th rounder Cole Freeman, $50,000 under slot, again a surprisingly high bonus figure paid out to a senior with no leverage.
• 8th rounder Jared Brashner, $139,600 under slot, the classic senior sign to save cash for other acquisitions.
• 10th rounder Trey Turner, $31,300 under slot to the TJ rehab pitcher who probably was happy to get what he got.

Some quick research on the seven guys who didn’t sign turned up a couple of useful links:

• 24th rounder Tim Richards, a senior SS from Cal State Fullerton, has apparently elected to retire rather than take whatever miniscule bonus figure the Nats offered and show up to play in Florida.  That’s amazing to me.  He just finished a great CWS showing, clearly has talent, and i’m shocked he’s just hanging them up.  Why not give it at least one summer in pro ball?  You got drafted for crying out loud; you have the rest of your life to be an adult.
• 34th rounder Bennett Sousa announced via Instagram the unshocking news that he’d return for his senior year.
• No real surprises on the HSers who didn’t sign.  Only surprise really was how how high they took Dusty Baker‘s kid as a legacy draft.  I wonder if the Nats weren’t trying to make sure they got him rather than some of the other teams Baker has been associated with, so as not to be shown up with their manager, and that explains why he went so high.
• No real surprise that Bryce Montes de Oca didn’t sign either, once it became clear that the nats 3rd and 4th rounders didn’t really result in that much savings.

Sure would like to see him signed so I can get an updated pic… Photo via UHcougars.com

Signing deadline is tomorrow, Friday 7/7/17 at 5pm.

A surprisingly large number of top 10 round picks remain unsigned, including our own 1st rounder Seth Romero.  Mlbpipeline reports that as of this writing 6 first rounders and 19 guys in the top 10 rounds have yet to sign.

To put this into context, given the new bonus/slotting rules it is extremely rare to have a top-10 round pick not sign.  Last year there were just two guys out of the 300+ guys picked in the top 10 rounds who did not sign.  We know for sure that at least one 1st rounder won’t sign: Tampa announced they will not be reaching an agreement with their 1st rounder Drew Rasmussen, a RS-sophomore from Oregon State.  Interestingly there’s confusion as to whether Tampa gets a comp pick or if Rasmussen becomes a FA.  I’m not sure where this is coming from; is it because Tampa has announced they’re refusing to even offer him a contract?  I’ve never heard of the “opting to become a FA” out of the draft; I thought he just goes back to school and re-enters next year (or goes to indy ball, where he’d still be draft-eligible next year).   Anyway; point is, if there’s more than 2-3 picks that don’t sign, it’d be a shock.

Which is why Romero in particular seems like an odd case to still have not signed.  He has little leverage; he has no college team to return to.  The other 1st rounders all remain unsigned due to signability issues; for example Ashburn/UNC’s J.B. Bukauskas fell 10 slots from his projection thanks to his last two starts being sub-par (attributed to a blister); he’s probably holding out for a bonus figure closer to #6 overall versus where he got signed.  Is this just a case of his agent Scott Boras trying to make sure he’s in the headlines?  Are they really struggling to come up with a bonus figure at this point?  The Nats and Romero were linked together for many days prior to the draft; its not like a case where they had a surprise player “fall” to them and they didn’t have time to pre-negotiate a bonus figure before picking him.

(coincidentally; the MLBpipeline report still lists Cole Freeman as un-signed; in reality they announced his signing and underslot bonus figure within a couple hours of LSU losing the CWS final).

Odds are that Romero signs, but the delay is curious.  He needs innings so the delay shouldn’t be about holding down his IP limit.  He’s been without a team and without proper training for months, so he stands to stay in XST for a number of weeks, putting him basically at the tail end of the minor league season.  So 2017 is looking like a wash for the most important pick of the draft.

Romero signing prediction: he signs, for a bit more than slot, which costs the nats any remaining chance to sign Bryce Montes de Oca.  But that doesn’t seem like a huge surprise.  It still puts the Nats  in a position where they likely sign 34 of t heir 40 picks, a huge number.  They won’t sign Montes de Oca, nor Dusty’s son Darren Baker (tangent; I agree with prior comments; if that was a legacy signing for show, why so early?).  They also won’t get UVA’s Bennett Sousa who will return to improve his draft stock for his senior year, and they miss out on the three late round HS picks (two of which were also legacy picks).

top 10 signing misses: i’ll guess we’ll see a few more non-signings out of the top 10 rounds, beating last year’s record low of just 2 non-signings.

So, is 2017 a one-player draft again? Photo via UHcougars.com

We already did a quick reaction to the first day/first two picks and then the top 10 rounds.  Here’s a more holistic look at our 2017 draft class.  The team announced yesterday that it had already signed an amazing 25 guys, and I think that number is likely to rise to at least 33 players (assuming all top 10 round players and all College seniors sign).  That’s quite a few more than I initially projected.

I did want to make a statement though, following up on a back-and-forth in the comments on previous posts about 3rd rounder Nick Raquet (who, unsurprisingly to me, has already signed though no word on his bonus amount).  Some asked why I was so critical of the pick.  We’ll, here’s why: its about opportunity cost.  Raquet was indeed ranked on some boards (#145 in BA’s pre-draft list) but was absent from practically every other credible draft service (MLBpipeline.com for example ranked 200 players and didn’t rank him at all).   ESPN/Keith Law, MinorLeagueBall, 20/80 and Fangraphs all had him totally off their lists.  Baseball Draft Report had him in the 300s.

The Nats drafted him #103 overall, at the end of the 3rd round.

I have nothing against Raquet personally, nor his school in general (which I denigrated during the comments due to its lack of baseball pedigree).  What I have a problem with is taking a player in the third round who:

a) was a far inferior player versus where he was drafted,

b) if the team really, really wanted him would have been available probably 3 or 4 rounds later, and

c) the team chose to take in lieu of many, many better ranked players at the time of the pick.

You could make the same arguments, by the way, about our 4th rounder: a senior in Cole Freeman who again by BA’s rank was drafted at least two rounds too early and by anyone else’s rankings was drafted 5 rounds too early.

The drafting of these two players in the 3rd and 4th cost the team the opportunity to draft two far, far better players in those slots.  I don’t have a problem punting draft picks in the 6-10th round range if you’ve drafted quality players in 1-5 … but to purposely punt on 3rd and 4th round implies that their round 1 and 2 picks (Seth Romero and Wil Crowe) were both going to be over slot guys.  And that astounds me; Romero was kicked off his college team; how is he in a position to command more dollars than his slot?  Where’s he gonna player if he doesn’t sign?  Indy ball?  And Crowe is a 4th year player with a TJ on his resume who I suppose could go back for a 5th collegiate season, but really that’d be flushing a crucial year of development down the tubes, plus burning a year on his surgically repaired arm … with little chance he could improve his bonus amount or draft ranking over where he got drafted this year.  How are either guy demanding over-slot money?

I liken the situation to playing Fantasy sports.  When your buddy in your league drafts a kicker in the 8th round you mock him mercilessly.  Why?  Because that same kicker was going to be there 4 rounds later and because wasting an 8th round pick on a kicker is a sign of poor team management and a lack of understanding of how fantasy works.  Its the same thing wasting a 3rd rounder in the fashion the team just did.

So, frustration over punting two high draft picks so as to pay two other high draft picks more money than I think they’re worth leads me to the end of this diatribe.  We’ll have our answer soon enough; if Raquet signs for a piddling amount of money (his slot value is $522,300), and if Freeman similarly signs for under-slot (he’s at $390,000) then you’ll have confirmation of the punting on these picks.  I suppose both guys could sign for at or near slot, which would imply that they were worth the draft pick; if that happens i’ll be shocked.

Anyway, back to the draft class review overall.  Here’s a quick table 1-40 before doing some breakdowns:

Here’s some breakdowns (note I wrote this prior to the team signing a bunch of these Juco guys plus a couple of HS guys):

• 11 College Juniors, 16 College Seniors/5th year Seniors, 7 JuCo guys, 6 High Schoolers
• 20 Pitchers, 20 hitters.  The pitchers broke down 12 RHP, 8 LHP.
• 9 of the top 10 rounds are pitchers though: these are the guys nearly guaranteed to sign.
• I count about 29 that i think are locks to sign; every guy in the first 20 rounds, plus all the 9 college seniors drafted in rounds 21-40.
  • Of these 29 guys: 17 are arms, 12 are bats.
• I’m only guessing that one Prep guy signs: 11th rounder Justin Connell.
• I count at least 4 under-slot guys: Nick Raquet, Cole Freeman ,8th rounder Jared Brashner and 10th rounder Trey Turner.  So that’s where the cost savings will come from to pay Romero, Crowe and perhaps Connell.

So, even though the draft splits even 20/20 bats and arms its heavily tilted at the top and in the signability department towards arms.  This should make for some serious carnage in the lower ends of our minor league ranks.  The Auburn roster is half stocked with late-round college seniors drafted in 2016 and rising IFAs from the DSL last year; I could see some moving of those guys down to GCL as needed and a shedding of 20th-some round 2016 signees to make room for all the guys they’ve picked up this year.  But the more I look at this draft, the more it looks like a one or two-player draft at the top.  Is that ok?  Sure; it is basically what the team did in the Lucas Giolito draft, and the industry was on record saying that the strength this year was college arms.  It should be interesting to see how quickly Romero moves up the ranks.