For the last year and a half, I've been talking about how the Pittsburgh Pirates should trade Joel Hanrahan. To sum up the reasoning, Hanrahan is a great reliever and a great closer, but the value of a closer is small, the trade value of closers is usually huge, and the Pirates would benefit more from the potential impact a Hanrahan trade could bring, rather than the value of having a great closer.

Hanrahan is arbitration eligible for the third time this off-season. Earlier today, MLBTR released their arbitration estimates, with Hanrahan making $6.9 M. We previously had Hanrahan at $7.5 M, basing his salary off Heath Bell, who Hanrahan has been similar to every step of the way through the arbitration process, and even through his career. Coincidentally, Bell was traded this weekend afte...

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