News and Rumors

Trade Values: Matt Garza

Trade Values: Matt Garza

Pittsburgh_Pirates10Earlier today we heard that the Pittsburgh Pirates are one of the teams strongly pursuing Chicago Cubs starting pitcher Matt Garza. Garza has been linked to the Pirates a few times in the last week. I would be shocked if the Pirates end up trading for him, but I will take a look at his trade value to see what he would cost (or should cost), and to analyze why I don’t think the Pirates should even consider him.

NOTE: The purpose here isn’t to suggest the Pirates are offering this amount for these players.  The purpose is to see the value of these players, using projected values (calculated as [(WAR*$5 M) – Salary]) and prospect trade values. We use our updated values for top 100 prospects, and Victor Wang’s research on prospect values for non-top 100 prospects.

Matt Garza Trade Value

Year Salary WAR FA Value Surplus Value
2013 $10,250,000 3.5 $17,700,000 $2,800,000

Finding the Value: Garza is making $10.25 M this year, and is a free agent following the season. He has been inconsistent the last few years. Last year he had a 1.1 WAR. The 2011 season was a career year with a 4.9 WAR. He was a 3.0 WAR player in 2008-2009, but a 1.6 WAR player in 2010. Putting him as a 3.5 WAR player is more than fair, and might be too high. If you average the last three years he’s a 2.5 WAR player. Last year was lower due to injuries, but he missed time this year with injuries so it’s fair to consider that impact. Garza’s next start is July 22nd, so I set his 2013 value from July 22nd through the end of the year.

What He’s Worth: At a 3.5 WAR, Garza is worth a young Grade C pitcher. That’s a Clay Holmes type. If you lower the WAR, you’re talking an older Grade C pitcher, like a Vic Black. Either way, the value is low due to the fact that he’s a rental and will be due almost $4 M over two months. However, Garza is sure to get more than his value. For one, he’s one of the best pitchers on the market, if not the best. That will lead to a bidding war that will drive up the value. The Cubs would also get a first round pick if they kept Garza and tendered him an offer following the year, so there’s that return to bid against. Because of his salary and production, he’s worth no more than a Grade C pitching prospect, but he’s going to get a lot more.

Analysis: Due to the value issues mentioned above, Garza is going to get more than he’s worth. I wouldn’t be surprised if he lands a top 26-50 ranked hitting prospect, which has a value of $18.12 M. From a value standpoint, the Cubs could pay all of Garza’s salary, throw in Nate Schierholtz and pick up all of his remaining salary, and they still would be about $5 M in value short. It wouldn’t surprise me if they got that value for Garza though. It will probably come from a team that doesn’t need to worry about getting a low value for a top prospect, and a team that has no issues paying a top prospect and taking on extra money.

The Pirates shouldn’t have an issue taking on salary, and they shouldn’t have an issue trading prospects. But pairing the two together for a guy who is a two month rental isn’t smart. That’s especially true when you consider pitching has been the strength of this team, and the upgrade Garza could bring wouldn’t be as big as the upgrade of a new right-fielder or everyday first baseman.

I wouldn’t be surprised if Texas lands Garza. They don’t need to worry about prospects or salary, so they could afford to give up a top 50 guy for a two month rental. You also have to consider that it’s the Cubs. It’s bad enough to give Alen Hanson (for example) for a two month rental. It’s worse when you then have to play Hanson for six years if he makes it. I wouldn’t want to see the Pirates trading for Garza, since he wouldn’t be worth the price, and wouldn’t be as big of an upgrade as a first baseman or a right fielder.

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  • Matt Beam

    AGREE, PASS ON GARZA & Don’t collect $200

    • Lee Young


  • james vargo

    Holding my breath that doesn’t happen, or at the most, a Clay Holmes type trade wouldn’t bother me at all.

  • jaygray007

    we’ll see what kind of bidding war happens. no way to know yet. I’d even be ok with something like Vic Black plus Clay Holmes. An overpay as far as the trade value calculator, but not really an overpay as far as sacrificing the future at all. Yeah vic black could be a closer, but the buccos have plenty of late inning type arms.

    That said, i do like Vic Black a lot. I just like Matt Garza more.

    And agreed. if there is some fixed amount of prospect value the org is willing to give up, i’d rather them lean toward fixing RF/1B if they had to choose between that and SP.

  • Kozy21

    Just speculating cause it’s fun… How about Barnes, Holmes, and Black for Garza and Schierholtz? We trade from 3 positions of strength and acquire 2 pieces then we still might be able to acquire Kendry Morales. Getting Garza, Schierholtz and Morales without giving up any of the top 7 or 8 would be a coup for NH.

  • LongJohnSilver

    I wouldn’t trade Black. Closer in waiting.

  • jg941

    Agree that it will take a serious premium, Tim. Would love to have him, but……..pass.

  • Chris Hale

    Tim I love reading your educated opinions. This site is fantastic. If I had the means I would be doing the same thing. Pirate baseball. I am addicted to It especially the prospect end. I envy you. You do a great job. BUT …LOL I have to disagree. I think Garza has run into some bad luck with these injuries. I think he has the value of Strong #2 starter if not a low number #1 if he stays healthy and get’s on a good club with good chemistry. Yes our pitching is strong, but our pitching has fallen apart the last 2 seasons in the 2nd half. He would only make our rotation stronger . Compare our rotation to other contending teams. We are performing as good or better than them now but they have stronger rotations when you look on paper Cardinals -Wainwright/Lynn/Westbrook/Miller/Wacha or Martinez soon Pirates with Garza/Liriano/Burnett/Locke/Wandy with Morton and Cole depth for this year Cole and Taillon will look real nice beside Garza,Locke,and Liriano and maybe Burnett. Yeah he may be a rental , unless we think we can sign him. He may be worth it for the short term and the long term.

  • Lee Young

    Now, if we could work out an extension for him….whole ‘nother ballgame.


    • stickyweb

      He’s making $10.5 million this year and only turns 30 in the offseason. He’ll be priced WAY out of the Bucs range, so there’s no way an extension will be part of the deal.

  • stickyweb

    No need to win a bidding war to add to a position of strength. I wouldn’t mind them getting into a bidding war to drive the price up for the Cards or even better, make him too expensive for the Cards and drive him to the AL.

    If they’re going to overpay, make it for an impact bat. I’d still rather they just add a rental bat that doesn’t cost much. I got a man crush on Michael Morse after I looked up his numbers, but he’s iffy with the injury. Rios is due $13 million next year which would be stupid when the Pirates can just go with Polanco and/or Lambo. Marlon Byrd seems like the best fit at this point but I’m sure a handful of other names will come up.

News and Rumors

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, 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.

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