Rosternomics
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December 14, 2003 · 3-team trade

TBRCOLTOR

COL won this trade +$33.6M surplus TBR won this trade +2.0 WAR
TBRTBR Chuck Lamar net +$23.2M net +2.0
received +$21.6M+$21.6M ± $33M expected surplus · +$53.6M realized received 3.1 ± 4 expected · 5.0 realized WAR
Playoff odds: this deal moved TBR's 2004 odds 2% → 2% (-0.2 pts) — how trade timing is graded ↗
receives — most valuable first
Mark HendricksonP·30y·L/L
+$21.4M+$21.4M± $33M exp surplusrealized +$53.6M 3.1± 4 exp WARrealized 5.0
Prior
#369 overall draft pick — at the league baseline → 0.21/yr
Evidence
recent form 1.7/yr over 1.3 season
Talent
0.99/yr blended
Horizon
4.0 control yrs × 0.77 age decline
COLCOL Daniel O'Dowd net +$33.6M net +1.2
received +$20.8M+$20.8M ± $32M expected surplus · +$30.4M realized received 3.3 ± 4 expected · 3.0 realized WAR
Playoff odds: this deal moved COL's 2004 odds 1% → 1% (+0.4 pts) — how trade timing is graded ↗
receives — most valuable first
Joe KennedyP·25y·R/L
+$20.4M+$20.4M± $31M exp surplusrealized +$30.4M 3.1± 4 exp WARrealized 3.0
Prior
#252 overall draft pick — at the league baseline → 0.21/yr
Evidence
recent form 1.5/yr over 1.9 season
Talent
1.02/yr blended
Horizon
3.0 control yrs
Sandy Nin
+$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)
TORTOR JP Ricciardi net −$56.8M net -3.2
received −$5.6M−$5.6M ± $8M expected surplus · −$3.2M realized received 0.4 ± 1 expected · 1.8 realized WAR
Playoff odds: this deal moved TOR's 2004 odds 3% → 2% (-1 pts) — how trade timing is graded ↗
receives — most valuable first
Justin SpeierP·30y·R/R
−$5.8M−$5.8M± $8M exp surplusrealized −$3.2M 0.4± 1 exp WARrealized 1.8
Prior
league baseline (track record outweighs draft pedigree) → 0.21/yr
Evidence
recent form 0.3/yr over 2.5 seasons
Talent
0.29/yr blended
Horizon
1.5 control yr × 0.84 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.