Bob Elliot of the Toronto Sun (via MLBTR) had an update yesterday on the Toronto Blue Jays' pursuit of a closer. Elliot says that the Blue Jays have been "shocked" by the asking prices of free agent closers this off-season. Alex Anthopoulos said that the club's greatest surplus was prospects, which Elliot took to mean that trading for a closer would be Toronto's best option.
We saw Jonathan Papelbon sign a four year, $50 M contract with the Philadelphia Phillies last week, an amount that equals $6.25 M per win above replacement, based on Papelbon's 2011 WAR. Ryan Madson was rumored to be close to a four year, $44 M deal with the Phillies prior to their deal with Papelbon. Madson's deal would have been worth $5 M per WAR, based on his 2011 numbers.
I've mentioned many times that I feel the Pittsburgh Pirates should capitalize on the high values given to closers and trade Joel Hanrahan. I reiterated that thought last week when Madson was rumored to be signing with the Phillies...
Tim is the owner and editor in chief of Pirates Prospects. He started the site in January 2009, and turned it into his full time job during the 2011 season. Prior to starting Pirates Prospects, Tim worked with AccuScore.com, providing MLB, NHL, and NFL coverage to various national media outlets, including ESPN Insider, USA Today, Yahoo Sports, and the Wall Street Journal. He also writes the annual Prospect Guide, which is sold through the site. Tim lives in Bradenton, where he provides live coverage all year of Spring Training, mini camp, instructs, the Bradenton Marauders, and the GCL Pirates.