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More on Dellin Betances and Arbitration

February 26, 2017

Here’s a neat bit on FanGraphs that I’ll summarise here:

http://www.fangraphs.com/blogs/how-dellin-betances-lost-10-million/

The thrust is that players on average receive a 50% raise each year in arbitration over the previous year’s salary. So to recap, the Yanks offered Betances $3 million (winning) and Betances asked for $5 million.

Factoring in 50% raises, Betances would get from 2017-19:

Yanks win this year: $3 million, $4.5 million, $6.75 million = $14.25 million over three years

Betances wins this year: $5 million, $7.5 million, $11.25 million = $23.75 million over three years

…for a net difference of $9.5 million.

Now that’s a little disingenuous: MLB Trade Rumors’ figure said the midpoint should have been $3.4 million, and it’s clear Betances asked for Just Too Much. But supposed he asked for $3.7 million this year–more than the projected midpoint, but closer to the midpoint than the Yankees were…so he’s more likely to win.

Betances asks for $3.7 million and wins: $3.7 million, $5.55 million, $8.325 million = $3.325 million over three years

Yanks’ Prez Randy Levine still shouldn’t have acted like a jerk, but, yeah, Betances quite legitimately left more than $3 million on the table by making sure he lost this round of arbitration.

 

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