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July 2, 1992

PHI⇄LAD

PHI won this trade +$4.8M surplus PHI won this trade +1.3 WAR
PHIPHI Lee Thomas net +$4.8M net +1.3
received +$6.4M+$3.2M ± $14M expected surplus · +$4.8M realized received 1.2 ± 2 expected · 1.3 realized WAR
Playoff odds: this deal moved PHI's 1992 odds 5% → 6% (+1.6 pts) — how trade timing is graded ↗
receives — most valuable first
Stan JavierOF·28y·B/R
+$6.2M+$3.0M± $14M exp surplusrealized +$4.8M 1.2± 2 exp WARrealized 1.3
Prior
no pedigree — league baseline → 0.21/yr
Evidence
recent form 1.1/yr over 2.0 seasons
Talent
0.77/yr blended
Horizon
1.5 control yr
LADLAD Fred Claire net −$4.8M net -1.3
received −$0.8M−$0.8M ± $39M expected surplus · +$0.0M realized received 1.2 ± 5 expected · 0.0 realized WAR
Playoff odds: this deal moved LAD's 1992 odds 1% → 1% (-0.4 pts) — how trade timing is graded ↗
receives — most valuable first
Julio PegueroOF·23y·B/R
+$1.8M+$1.8M± $30M exp surplusrealized +$0.0M 1.2± 4 exp WARrealized 0.0
Prior
no pedigree — league baseline → 0.21/yr
Evidence
no MLB track record — leans on pedigree
Talent
0.21/yr blended
Horizon
5.5 control yrs
Steve SearcyP·28y·L/L
−$3.0M−$3.0M± $25M exp surplusrealized +$0.0M 0.0± 3 exp WARrealized 0.0
Prior
#80 overall draft pick — at the league baseline → 0.21/yr
Evidence
recent form -0.2/yr over 1.5 season
Talent
-0.03/yr blended
Horizon
4.0 control yrs

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.

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Decision-maker records extend to 1933; resource-controlled WAR and payroll metrics cover 1985–2026. Data sources include FanGraphs, Baseball-Reference, the Chadwick Bureau register, the Lahman Database, prospect rankings from Baseball America, MLB Pipeline, and FanGraphs, and public payroll records. Transaction and trade data was obtained free of charge from and is copyrighted by Retrosheet. Executive birth/death data via Wikidata (CC0).
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