Rosternomics
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July 18, 2003

ARICOL

ARI won this trade +$18.4M surplus ARI won this trade +0.7 WAR
ARIARI Joe Garagiola net +$18.4M net +0.7
received +$0.0M+$0.0M ± $6M expected surplus · +$0.0M realized received 0.2 ± 1 expected · 0.0 realized WAR
Playoff odds: this deal moved ARI's 2003 odds 9% → 11% (+1.5 pts) — how trade timing is graded ↗
receives — most valuable first
Mike Watson
+$0.3M+$0.3M± $6M exp surplusrealized +$0.0M 0.2± 1 exp WARrealized 0.0
Unidentified minor-league throw-in — valued at the ~0.2 WAR base rate (most produce nothing)
COLCOL Daniel O'Dowd net −$18.4M net -0.7
received −$12.0M−$12.8M ± $9M expected surplus · −$18.4M realized received 0.6 ± 1 expected · -0.7 realized WAR
Playoff odds: this deal moved COL's 2003 odds 3% → 2% (-0.4 pts) — how trade timing is graded ↗
receives — most valuable first
Tony Womack2B/SS·33y·L/R
−$11.8M−$12.5M± $9M exp surplusrealized −$18.4M 0.6± 1 exp WARrealized -0.7
Prior
league baseline (track record outweighs draft pedigree) → 0.21/yr
Evidence
recent form 0.6/yr over 2.5 seasons
Talent
0.50/yr blended
Horizon
1.5 control yr × 0.86 age decline

Each player is valued on what he was expected to produce at the time of the trade, versus what he actually produced for his new team.

Expected WAR blends a player's pedigree (composite top-100 rank / draft slot, or a baseline) with his recent track record, projected over the years of team control acquired. The ± figure is a historically calibrated predictive standard deviation, measuring how widely comparable forecasts have missed around their expected value. Surplus values that production at the FA market price of a win (~$8M/WAR) minus salary — so cost-controlled players carry large surplus and expensive ones little, even at the same WAR. Who won is descriptive, not a skill claim: ~99% of a trade's outcome is unforeseeable at the time.