Every year I look at how the Win Shares (as described by Bill James, and calculated for the season by The Hardball Times) have changed via trades and free agent signings. Since three Win Shares equal one win, a team that gains 6 Win Shares by signing free agent would therefore win two more games than they would had they not signed anyone. I go one step further: since a team would likely replace a departing player with at least an average player, I prefer to use Hardball Times' Win Shares Above Bench, meaning that the player in question is worth that many more wins over a replacement average player.
Let's look at an example: the World Champion Philadelphia Phillies. In the offseason, they've done the following, with their accompanying Win Shares gained/lost:
- Lost Pat Burrell (9 WSAB)
- Signed Raul Ibanez (11 WSAB)
- Signed Chan Ho Park (3 WSAB)
- a bunch of releases and signings that net to roughly zero
The Phillies adjusted Pythagorean Record last year was 91 wins. Subtract Burrell's 9 WSAB, add in Ibanez (11) and Park (3) which equals 14-9=5, divide by 3 to get the additional wins, in this case 2. Therefore, based on last year's Phillies' team doing roughly the same all else being equal would win two more games because of the roster changes. I followed this same basic process for all the teams, and the result is the following table:
AL | |||||
EAST | 2008 WP | 2008 P WP | P W+new | P L | Win Shares Net |
Tampa Bay | .600 | .572 | 99 | 63 | 2 |
Boston | .588 | .600 | 98 | 64 | 2 |
NY Yankees | .550 | .539 | 92 | 70 | 3 |
Toronto | .531 | .573 | 82 | 80 | -4 |
Baltimore | .421 | .452 | 69 | 93 | 1 |
CENTRAL | |||||
Minnesota | .544 | .552 | 90 | 72 | 2 |
Chicago Sox | .541 | .551 | 88 | 74 | 0 |
Cleveland | .500 | .527 | 83 | 79 | 2 |
Detroit | .459 | .482 | 76 | 86 | 1 |
Kansas City | .463 | .441 | 74 | 88 | 0 |
WEST | |||||
LA Angels | .619 | .545 | 98 | 64 | -2 |
Oakland | .472 | .470 | 81 | 81 | 4 |
Texas | .488 | .466 | 73 | 89 | -6 |
Seattle | .369 | .402 | 56 | 106 | -3 |
NL | |||||
EAST | |||||
Philadelphia | .563 | .577 | 93 | 69 | 2 |
NY Mets | .550 | .556 | 92 | 70 | 3 |
Florida | .522 | .502 | 85 | 77 | 0 |
Atlanta | .444 | .481 | 76 | 86 | 4 |
Washington | .371 | .379 | 61 | 101 | 1 |
CENTRAL | |||||
Chicago Cubs | .604 | .619 | 97 | 65 | -1 |
Houston | .535 | .481 | 85 | 77 | -1 |
St. Louis | .525 | .530 | 83 | 79 | -2 |
Milwaukee | .556 | .544 | 81 | 81 | -9 |
Cincinnati | .463 | .442 | 75 | 87 | 0 |
Pittsburgh | .413 | .406 | 67 | 95 | 0 |
WEST | |||||
LA Dodgers | .522 | .541 | 85 | 77 | 1 |
Arizona | .500 | .508 | 81 | 81 | 0 |
Colorado | .463 | .454 | 74 | 88 | -1 |
San Francisco | .440 | .413 | 74 | 88 | 3 |
San Diego | .388 | .412 | 63 | 99 | 1 |
The biggest winner in the AL is Oakland, although unfortunately those 4 games will likely only translate into a 2nd place finish. The biggest loser in that league will be the Rangers. The most interesting story will probably be the AL East, where it looks like Boston and Tampa Bay will again be neck and neck for the season, with the Yankees coming a close 3rd.
The Yankees are interesting: they added Teixeira (13), Sabathia (18), Burnett (8)--a whopping 39 WSAB (or roughly 13 wins above replacement players)! Unfortunately, though, they lost Mussina (13), Abreu (11), and Giambi (6), or 30/3 = 10 games, which you can see shows where they gain 3 games in the standings.
In the NL, the most improved team will be the Braves, but the biggest winner is the Cubs, on the strength of the Brewers being the biggest losers (9 games in the standings!). Losing Sheets (11), Sabathia (13), and on lesser level, Shouse (4) for a total of 28 WSAB lost.
Even with all the changes, the only race that looks like it would change from last year is that the Twins would beat the White Sox by two games.
Keep in mind, that this is using the stats from last season, and while the best predictor of the future is the past, that doesn't mean that it always ends up that way--look at the stock market from last year to this year for case in point.
If there is any more activity prior to the beginning of the season, I will duly note the changes.