Would Pavano be a good investment?

Possibly the best free agent starting pitcher remaining on the market right now is Carl Pavano.  Last night, John Perrotto tweeted that there were rumblings that the Pittsburgh Pirates could jump in on the bidding for Pavano.  Rob Biertempfel mentioned today that the Pirates would only be interested in Pavano if the price/years were right.

We don't know what that means from the perspective of the Pirates, although we do know that Pavano is looking for Ted Lilly money, around three years and $33 M.  Pavano lost some leverage when Milwaukee added Zack Greinke, but still has the Minnesota Twins and Washington Nationals interested, so it would be hard to imagine him ending up with less than Lilly money.  The question is, would he be worth that price?

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