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August 29, 1987

ANA⇄PIT

PIT won this trade +$16.8M surplus ANA won this trade +5.0 WAR
ANAANA Mike Port net −$16.8M net +5.0
received +$34.4M+$34.4M ± $45M expected surplus · −$20.0M realized received 6.5 ± 6 expected · 4.8 realized WAR
Playoff odds: this deal moved ANA's 1987 odds 11% → 12% (+1.2 pts) — how trade timing is graded ↗
receives — most valuable first
Johnny Ray2B·30y·B/R
+$34.6M+$34.6M± $45M exp surplusrealized −$20.0M 6.5± 6 exp WARrealized 4.8
Prior
no pedigree — league baseline → 0.21/yr
Evidence
recent form 3.0/yr over 1.6 season
Talent
1.82/yr blended
Horizon
4.0 control yrs × 0.90 age decline
PITPIT Syd Thrift net +$16.8M net -5.0
received +$2.4M+$2.4M ± $30M expected surplus · −$3.2M realized received 1.4 ± 4 expected · -0.2 realized WAR
Playoff odds: this deal moved PIT's 1987 odds 42% → 39% (-2.9 pts) — how trade timing is graded ↗
receives — most valuable first
Miguel GarcíaP·20y·L/L
+$1.8M+$1.8M± $26M exp surplusrealized −$3.2M 1.2± 3 exp WARrealized -0.2
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
Bill Merrifield
+$0.3M+$0.3M± $15M exp surplusrealized +$0.0M 0.2± 2 exp WARrealized 0.0
Unidentified minor-league throw-in — valued at the ~0.2 WAR base rate (most produce nothing)

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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