Assignment - Arbitration Comp Players

OBJECTIVE: 

Use historical market workbooks to estimate the financial value of your focus player during their arbitration-eligible years. You will identify "statistical twins" from the past to build a case for what your player should earn.

INSTRUCTIONS: 

Select 1-4 players for each arbitration opportunity who produced similar statistical output as the focus player (e.g., compare your forecast of the player’s statistics leading into his first opportunity at arbitration to 1st time eligible players, 2nd arb opportunity to 2nd time eligibles, etc).

Briefly explain the statistical link between your player and each comparable (e.g., "Player X is a comp because he also maintained a sub-3.00 ERA with 200+ strikeouts leading into his first arbitration year").

Based on these precedents, estimate the salary for your focus player for each arbitration year. 


Junior Caminero

Historical Comparable Players

*Note* - For simplicity of the assignment we did not have to worry about Super Two players and only looked at three arb years.

Arbitration 1

Arbitration 2

Arbitration 3

Comparable Salary Data

What did your comps actually earn in arbitration?

Arb 1 Estimate: $ 7,000,000

Reasoning - He is awfully close to Pete Alonso in career HRs, producing a similar career wRC+ as both Alonso and Guerrero Jr.. His platform year HRs are closer to Reyes and Torkelson. However, all of these players are 1B/DHs. Based on my projections (which maybe overshot his career a tad, which I can update later for the final assignment), there were no 3Bs comparable to him. Therefore, if we assume he can stick at 3rd, his defensive value will also enable him to produce more WAR, which is why I have him at 13.3 career WAR. He would likely fall between the 4 players mentioned, but he is so much closer to Vlad and Alonso, I’d say he’d get closer to their number than the other two. I debated multiple times what I thought he’d get - $6,500,000 was my first guess, but thought that seemed low. $ 6,800,000 was my second attempt. But after writing this out, I think he’s just too similar in value (and maybe even more so if he stays at third), so I decided on $ 7,000,000.

Arb 2 Estimate: $ 13,500,000 

Reasoning - Caminero’s year is quite similar to Vlad Guerrero Jr.’s second time through arbitration. Similar HR, Runs, RBIs, SB, OPB, and SLG. I’m hesitant to equal Vlad’s arb salary/raise, since Devers had a better season through almost every statistical category. It appears that Devers signed an extension to negate his first time through arbitration, which could hurt Caminero since the salary is only $11,200,000. And given that this is the only relatable 3B comp, this makes me think the final number wouldn’t be too much higher than this. Therefore, I went closer to Vlad, but couldn’t get all the way to Vlad’s $14,500,000 - ultimately settling at $13,500,000 for Caminero.

Arb 3 Estimate: $19,500,000

Reasoning - At this point in Caminero’s career, he seems to be pretty identical to Vlad and Devers. Heading into their 3rd year (Vlad was a Super 2), the HRs, RBI, AVG, OBP, and SLG are either the same or in the middle of these two players. Vlad had a slightly worse PY year for Arb 3 and Devers had a slightly better PY for Arb 3. Therefore, I don’t think Caminero gets the full bump to $19,900,000 ($5,400,000 raise) Vlad received. I also don’t think he’d quite get the raise Devers got ($6,300,000). So, a raise somewhere in the middle makes the most sense. I predicted a $6,000,000 raise from his Arb 2 number, which gives Caminero an Arb 3 salary of $19,500,000.

Junior Caminero Arbitration Forecast

Estimated salary projections for Junior Caminero based on previously forecasted stats.

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