Twins trade Milton
December 03, 2003
The Twins got the Philadelphia Phillies to take Eric Milton and his $9 million contract off their hands. This is great for the Twins, as it appears that they did not have to throw any money into the deal.
My guess would be that Milton won’t have more than 15 Win Shares next year (that was his total in 2001, his best year). If so, he’ll represent a negative $5 million Net WS Value in 2004.
Milton appears to be healthy again, but I think the Phillies literally got taken to the bank on this deal.
http://www.philly.com/mld/philly/7407264.htm
This deal may actually help us refine our thinking about Win Shares and salary. $9 million for 15 Win Shares is actually about the going rate, as we discussed in the third “Money for Nothing” article. However, 15 Win Shares is probably the maximum you can expect from Milton. Certainly not 20. This is the problem with his contract. There’s no upside to the projected Net WS Value of negative $5 million.
I’ll propose that a player should only receive a contract of this size if there is a decent chance he will contribute 20 to 25 Win Shares. In my mind, Milton doesn’t qualify.
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