Wednesday, March 15, 2017

Fixing Arbitration

Dave Cameron uses the Kevin Keirmaier contract extension to rail against the current arbitration system:

But the fact that this was the deal Kiermaier had to take to get early-career financial security is a stain on the MLBPA’s willingness to let arbitration continue to massively undervalue certain types of players. Because with the amount of money that has flooded into MLB, there’s no reason that a guy like Kiermaier should have to settle for this kind of contract in 2017.

The idea that a team needs six years to recoup the investment in minor league training for a player is now ludicrous. A one-WAR player at league minimum gives a team about $7 million in residual value. The minimum salary for players rose much more slowly than than the cost of a win on the free agent market. So either the majors should greatly raise the minimum salary to something over $1 million dollars, or they should shorten the time to free agency. While I’m for universal free agency, dropping arbitration for free agency after three years works as well.



from baseballmusings.com http://ift.tt/2m18XNg

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