As I write this, Becky is furiously wrapping gifts after a long day of holiday shopping. I myself finished (and started) my shopping yesterday, though I still have to do my wrapping and send out my half of the cards. At work, our accounts department is besieged by requests from authors desperate to get their checks before the new year for tax purposes, and the rest of us are working to tie up loose ends before before the office shuts down (or the transit system does, whichever comes first).
Things are no different in Yankeeland as the past two days have brought a pair of deadlines forcing certain personnel moves. Yesterday was the deadline for free agents offered arbitration to decline or accept their team’s offer. As expected, all three players the Yankees offered arbitration–Bernie Williams, Al Leiter and Ramiro Mendoza–declined. Mendoza, who would have had very little to gain by accepting arbitration coming off a year of injury rehab played under a minor-league contract, signed another minor league deal with the Yankees and will again be a non-roster invitee to spring training in 2006. Unlike last year when he was unable to play until August, however, Mendoza will be expected to compete for the final spot in the bullpen this upcoming spring.
That Leiter and Williams declined arbitration is much more significant news for the Yankees. Even though both were likely offered arbitration with the understanding that they would decline it, had either had a last-second change of heart, the Yankees would have been on the hook for a multi-million dollar one-year deal with a player with very little chance of earning such a salary (given the 20 percent maximum pay cut, Leiter would have been guaranteed a minimum of $5.6 million for 2006, Williams $9.6 million). With Williams and Leiter having declined arbitration, the Yankees now have until January 8 to re-sign either if they so desire, otherwise they will lose the right to sign them until May 1.
Word has it that the Yankees are still trying to bang out a one-year deal with Williams, with $2 million being the currently rumored price tag. That would be a $10 million pay cut for Bernie, but would also be a half-million more than Ruben Sierra earned last year to fill the same role. Sierra was not only useless as a part-time DH/pinch-hitter in 2005 (posting a WARP2 of zero), but was overpaid even by the standards of his 2004 season (Tony Clark, who had an almost perfectly identical 2004 to Sierra’s, but with the added advantage of being able to contribute on defense, signed for half as much with Arizona prior to 2005). Bernie posted a .255 EQA last year (compared to the .262 mark posted by Sierra in 2004) and has suffered a steep decline in two of his last three seasons. There is no reason to believe that he will be able to contribute anything more than the occasional pinch-hit walk to the Yankees in 2006. Much as it pains me to say so, and not just because it might get me stabbed by the woman wielding scissors to my left, I do not think the Yankees should resign Bernie Williams at any price.
