Objective: Bolster current starting rotation for playoff run with minimal impact to 2015 salary or farm system.
Requested Budget:
2015: Approximately $2.7M prorated salary (45/162*$10,000,000)
2016: $21M
2017-2019: $0-$58M; player option
Pros:
- Provides viable SP2 for remainder of 2015 and playoffs (projected 1.2 WAR ROS)
- Likely to provide 200 innings at or above replacement level in 2016
- K and whiff rates at career high, predicting success for ROS
- Aligns with payroll flexibility for 2016 and beyond
- Reduces the need to spend on SP in 2016 free agency
- Reduces workload on bullpen ROS
- Repertoire predictive of gradual rather than precipitous decline (see: Buerhle)
Cons:
- Age is concerning (33)
- Slight velo drop this season
- HR rate has spiked despite playing at favourable park
- May opt out of contract after 2016 if market conditions are favourable
- May exercise options for 2017-2019 if market conditions are unfavourable
Assumptions:
- Significant payroll will be cleared heading into 2016 with the departures of Buerhle, Navarro, Romero, Estrada, and potentially Dickey
- Payroll cap for 2016 will remain constant or increase
- Blue Jays will be a viable contender in 2016
- Padres will place James Shields on revocable waivers
- James Shields will pass through waivers or reach Blue Jays waiver position
- Padres would like salary relief based on position on win curve
- Padres are willing to trade James Shields for minimal prospect return in exchange for salary relief
Risks:
- Possibility of steep decline would leave the Jays locked into a 3 year commitment on average-to-below-average pitcher from 2017-2019
Mitigation:
- Due to increased payroll flexbility in 2016 and beyond, $58M commitment to roughly league average pitcher would not be significantly detrimental to flexbility
Recommendation: Claim James Shields when he hits revocable waivers, with willingness to trade non-premium prospects and/or absorb full contract.