You’ve heard by now that the Phillies are in the midst of a three team trade that would bring Roy Halladay to Philadelphia and send Cliff Lee to Seattle, among other things. The specifics have changed about thirty times since the news first broke yesterday morning, so instead of going through how the whole thing evolved, here is the latest iteration, as currently reported, which will probably (hopefully) be the last:
PHI receives Roy Halladay (TOR), Philippe Aumont (SEA), Tyson Gillies (SEA), and Juan Ramirez (SEA), $6 MM cash via TOR
SEA receives Cliff Lee (PHI)
TOR receives Kyle Drabek (PHI), Michael Taylor (PHI), and Travis D’Arnaud (PHI).
Additionally, once the deal is done, Toronto will trade Michael Taylor to Oakland for third base prospect Brett Wallace.
A quick rundown on the prospects involved:
Kyle Drabek is ranked by Baseball America as the second best prospect in the Phillies organization, with the best curveball in the farm system. He has a fastball in the mid to high 90s and a plus changeup. Coming off of Tommy John surgery in the 2009 season, he pitched 61 2/3rds innings in advanced A ball, striking out 10.8 hitters per 9 innings and allowing no home runs, for a 1.82 FIP. He was then promoted to AA Reading where he struggled to adjust a bit, but ended up with a respectable 3.83 FIP. It is generally agreed upon that his best case scenario projection is a number two starter.
Michael Taylor is ranked by Baseball America as the third best prospect in the Phillies organization, and the best power hitter. The outfielder is either ready or nearly ready for a major league stint, and hit .333/.408/.569 in 363 plate appearances at Reading before being promoted to the AAA Iron Pigs and hitting .282/.359/.491. He could be considered a more polished version of Phillies number one prospect Domonic Brown, but with a lower ceiling of potential.
Travis D’Arnaud is ranked by Baseball America as the fourth best prospect in the Phillies organization, and the best defensive catcher in the system. With the departure of Lou Marson to Cleveland last July, D’Arnaud was generally considered to be the catcher of the future for the Phillies. That said, he is a ways off from ML readiness. After promising seasons in 2007 and 2008, D’Arnaud struggled in A ball last year, hitting only .255/.319/.419, although this is partially attributable to a nearly 50 point dip in BABIP. Nonetheless, D’Arnaud promises to remain behind the plate and develop into, at the very least, a serviceable everyday catcher.
Philippe Aumont is a promising 20 year old pitcher in the Mariners system (Baseball America has not released this year’s top 10 prospect rankings for the Mariners yet). Due to health and durability concerns, he’s been limited in his innings so far and most likely projects only as a reliever now. In 17 2/3rds innings at AA, Aumont posted an impressive 12.23 K/9, but a worrisome 5.6 BB/9. The sample size of those numbers, though, is questionable. In 33 1/3 innings at advanced A ball, Aumont posted a 3.53 FIP, with 9.45 K/9 and 3.24 BB/9.
Tyson Gillies is a slap-hitting outfielder with no power to speak of, and is widely regarded as the fastest player in professional baseball. In 593 plate appearances at advanced A ball in 2009, Gillies batted an impressive .341/.430/.486, and stole 44 bases (though he was caught stealing 19 times, for a 70% success rate). Gillies plays excellent outfield defense, and is also notable for being one of the only players in professional baseball who is almost completely deaf.
Juan Ramirez is a 21 year old pitcher on the Mariners advanced A squad, who was projected in 2008 as a possible number 2 starter as a best case scenario. His stock has fallen somewhat since then, but he still has the potential to be an effective starter. He did, however, have a fairly lackluster 2009, posting a 4.76 FIP in 142 1/3 innings.
So that should give you an idea of what exactly is going where. Now how good of a deal is it? As you may have noticed when I detailed the exchanges, it isn’t really a “three team trade.” It started out as one, but now it is essentially a Jays-Phillies swap of Roy Halladay for prospects, and a Phillies-Mariners swap of Cliff Lee for prospects. The former I love, the latter I am less than crazy about.
Halladay first. Drabek, Taylor and D’Arnaud for Halladay is a deal that I personally would make any day of the week. Yes, it is the second-through-fourth best prospects in the Phillies’ system, but it’s clear that Jays GM Alex Anthopoulos dialed down the demands that his predecessor made last July; most importantly, the Phillies did not have to offer up Domonic Brown, the most daydream-worthy asset in their system right now. And the return is Roy Halladay, who has consistently put up elite numbers in the AL East, the most difficult offensive environment you can find in the MLB. Now he’s coming to the NL, and in guys like Cliff Lee and C.C. Sabbathia, we’ve seen what happens when good AL pitchers make that move. What’s more, thanks to his affinity for the Philadelphia organization, and the close proximity of his off-season residence to the Phils’ spring training facility in Clearwater, Halladay is signing, as part of the deal, a 3 to 5 year extension at about $20 million per year. That’s bargain basement value for an elite front of the rotation talent. By all reports, Cliff Lee was seeking a deal on the order of C.C. Sabathia’s 7 year, $161 MM blockbuster that he signed with the Yankees in 2009, which priced him right out of the Phillies’ range. So Ruben went and upgraded (believe it or not) from Cliff Lee to a better pitcher who would sign long term.
What I don’t so much understand is the Cliff Lee to the Mariners side of things. Originally it seemed that that the purpose of Seattle’s involvement was to extract prospects that would be sent to Toronto to prevent the Phillies from making any big withdrawals from their farm system. Now that it is become clear that there is no Seattle-Toronto interaction, and the Phillies are essentially trading Cliff Lee for Aumont, Gillies, and Ramirez, it is apparent that a) that’s not a great return for Cliff Lee and b) it doesn’t seem necessary to deal Lee in the first place. Halladay is coming to Philadelphia for a good set of prospects from the Phillies, which, as I said, I’m fine with. So with that happening completely independent of the Mariners, there can only be a few reasons why the Lee deal is even going down at all.
The first would be payroll. Even though the Phillies are getting $6 MM from Toronto in the Halladay deal, bringing his net expense down to around $9 million, it is possible the ownership would not approve the raise in payroll that would result from having both Lee and Halladay on the team. This seems unlikely, though. Cliff Lee is only making $9 million this year. Assuming Amaro was aware of this sort of deal shaping up back on December 12th, he could have non-tendered Joe Blanton, freeing up what would probably be about $7 million that Big Joe would make in arbitration. He could’ve done the same with Chad Durbin, freeing up around $2 million. But besides this, is an added $9 million dollars of payroll really that much of an issue to a team like the Phillies right now? Coming off of a World Series championship, two NL pennants, and record-setting attendance at Citizens Bank Park? Merchandise sales through the roof? At the very least, is it important enough to be forced into taking a Lee deal that strongly favors the Mariners? Certainly Lee cannot be extended at his asking price, but if he’s only making $9 million, why not let him pitch in red pinstripes in 2010, let him walk in free agency, and take the compensatory draft picks the Phillies would receive with the departure of a Type A free agent?
The other reason could be that Amaro wanted to replenish the farm system with young talent after dealing three promising prospects to the Jays. If that is the case, he didn’t really accomplish the mission. Putting aside the fact that the three Seattle prospects the Phillies are receiving are not sufficient return for Cliff Lee, they also don’t stack up against the prospects surrendered for Halladay. Neither Aumont nor Ramirez match Drabek’s ceiling and progress, and there is nothing close to a Michael Taylor coming from Seattle (this is less important with the Phillies retaining Dominic Brown, but the point remains).
Amaro’s best excuses would be a very stern warning from ownership about the payroll, or the desire to acquire something else of value with the money saved by dealing Lee. If it really is the former, we will never know about it. If it is the latter, we can be sure a quality bullpen piece is the next priority. This all remains to be seen. On the whole, though, I would rather this trade happen than not. The value of Halladay at the price the Phillies are paying well overrides any reservations I have about the Lee deal. Welcome to Philly, Doc.