Jhoulys Chacin Gets No Respect
Jhoulys Chacin gets no respect, at least by the current standards of MLB. Last off-season I wrote a post stating that I just couldn’t understand why the Diamondbacks failed to tender Chacin a contract when he was only expected to get $1.8 million through the arbitration process. I thought it would make a great deal of sense for somebody else to swoop in and sign him for that $1.8 million or even $2 million.
Chacin ended up getting only a minor league deal from the Braves, who then traded him early the season to the Angels for a grade-C prospect. Chacin was little more than a mediocre fifth starter in 2016 whose biggest accomplishment was eating 144 innings. Even so, fifth starters who aren’t god-awful have value: fangraphs valued his 2016 performance at $13 million.
Now, I really don’t believe that Chacin was worth any kind of $13 million, but it’s certain he was worth more than the $1.75 million the Padres just signed him to. Inning-eating fifth starters of Chacin’s ilk are easily worth a one-year guarantee of $3M or $4M in today’s market.
For example, Jerome Williams received $2.5 million in 2015 for a 2014 campaign less impressive than Chacin’s 2016. That should have been the starting point for Chacin’s negotiation, since the market has gone up since then.
If nothing else, Chacin’s signing with the Padres may be the bargain basement steal of the 2016-2017 off-season, just as his signing was last off-season.