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May 31, 2009 Prospectus Idol EntryFantasy Focus: Trade MarketBaseball's rumor mill got an early kick-start last week when the San Diego Padres reached an agreement to trade ace right-hander Jake Peavy to the Chicago White Sox. The news was not welcome for Peavy's fantasy owners. The 2007 Cy Young award winner had thrived at San Diego's Petco Park, baseball's best environment for pitchers. Now Peavy was apparently headed to US Cellular Field, a notorious hitters' park. Owners in National League-only fantasy leagues faced the prospect of losing Peavy's services altogether in the event he moved to American League. That worry, it turned out, was for naught. Peavy chose not to waive his no-trade clause, preferring to remain in San Diego. Meanwhile, Peavy's fantasy owners began to breathe more easily. For now. Speculation about possible trades has only just begun. In the weeks before the July 31 non-waiver trade deadline, the rumor mill will grind on with whispers about deals that could affect both the post-season race and a player's fantasy value. Each trade has the potential to be a fantasy boom or bust as the player moves on to a league or park with an environment that enhances or reduces his production. Buyers or sellers? With nearly a third of the season in the books, each club faces the question: Buy or sell? The Padres, for example, begin play this weekend only three games out of the NL wild card race. But, in the wake of significant payroll cuts and an ownership change, no one expects the Padres to be a buyer. In a 2006 study calculating the Marginal Economic Value of one additional win, analyst Nate Silver identified a "sweet spot" that exists between 86 and 93 wins because each victory in that range dramatically increases a club's chances of reaching the playoffs. A post-season appearance, Silver found, could be worth an additional $25 million to a franchise. According to Clay Davenport's ELO-adjusted Playoff Odds Report, 14 clubs project to finish within five wins of the 86-93 range: the Phillies, Mets, Cardinals, Brewers, Cubs and Reds in the National League and the Red Sox, Yankees, Blue Jays, Rays, Tigers, Twins, Rangers and Angels in the American League. That leaves 16 clubs in the role of sellers. For these clubs, trade chips usually come in three varieties, depending on a player's age and contract status: 1) rentals, or players who will be free agents after the 2009 season, 2) high salaries, or players with expensive contracts which their current clubs would like to move off the books, and 3) controllable players, or those players who are still one or more years away from free agency. So what names are candidates for a trade? Starting pitchers The Indians' Cliff Lee has rebounded after two rough outings to begin the season. But Cleveland might not be willing to sell anytime soon, given that the AL Central race appears wide open. Houston's Roy Oswalt might be an attractive target, but, like Peavy, he holds a full no-trade clause.
Huston Street, averaging 10 strikeouts per nine innings for the Rockies, is the clear top target for a club looking for a closer.
San Diego is unlikely to deal All Star Adrian Gonzalez, but with an affordable contract and a batting line of .285/.385/.622, he could bring the Padres a package of premium prospects. The Nationals are likely to find a match for Nick Johnson, who has been healthy and productive.
Florida's Dan Uggla has been to arbitration just once, but he already has become expensive for the small-payroll Marlins. Felipe Lopez' affordable salary and line of .323/.380/.485 could be attractive for a team looking for help up the middle.
Oakland holds two middle infield chips in Orlando Cabrera and the suddenly versatile Bobby Crosby.
Cleveland's Mark DeRosa has been linked to the Yankees, Braves and seemingly every club in between. Like the other Indians, his availability hinges on Cleveland GM Mark Shapiro deciding to join the ranks of sellers.
The premium bat on the market is Oakland's Matt Holliday, though GM Billy Beane has suggested he is willing to keep Holliday and collect two draft picks as compensation when he leaves as a free agent.
Victor Martinez is healthy again, ranking second in the American League with a .438 on-base percentage.
Jeff Euston is an author of Baseball Prospectus. Follow @JeffEuston
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Jeff might play a bit too much to his strengths here. Contracts don't tell the whole picture and by the midway point, that's pretty much all this is. I feel like it lacked context or a real takeaway. Yes, I have a list of possible trades, but how does that really help *my* fantasy team? For as good as Jeff was last week, this one just never got there for me.