Before I start spewing ideas, I should probably reiterate what “greed” is in our league.
Greed is kind of a surrogate for arbitration. It’s a way of letting the market — our stable of owners — adjust the value of players league wide. Every offseason, each owner is given $1 to blindly add to a player from every other roster. (This is in addition to a natural raise of $2 every major leaguer will receive.) The only players protected from this allocation process are minor league players who have cost control status and major leaguers whose salaries place them in the top-30 of the league ledger. (Read the official rules here.)
Now that that’s out of the way, how might greed be applied?
The first, most obvious way to apply greed, is to slap it onto each opposing roster’s most underpaid player. Take AJ Pollock, for example. Coming into 2015, Pollock’s statistics suggested a break out may have been imminent, but he dealt with injuries and had no previous track record of sustained success. The Diamondbacks’ outfield appeared crowded. Hypothetically speaking, he may have been rostered for $5 as a reserve outfielder.
Obviously, he outplayed that number in a big way in 2015.
Based on our league settings and taking into account his monster 2015 campaign, the FanGraphs auction calculator projects him for $28 of value next season. Frankly, that’s conservative. The calculator doesn’t account for marketplace or the dynasty aspect of our league. But we’re dealing in examples here, so it’s fine.
Now, if Pollock cost $5 heading into 2015, he would by default cost $7 heading into 2016. He gets that $2 raise, y’know. At this point, he’s still projected to provide $21 of surplus value.
You fundamentally do not want your competing owners to have surplus value. So it makes sense that when applying your greed, you slap $1 on Pollock. Maybe other teams follow. For the sake of argument, let’s say nine other owners see what a bargain Pollock is and hit him with their dollar as well. Suddenly, Pollock’s contract is $17.
He’s still a bargain at this price and you’re definitely keeping him, but let’s say he replicates his 2015 in 2016 and is again projected to produce $28 of value heading into 2017. A two dollar raise puts him at $19, and let’s say this year 12 total owners slap greed on him. Now he’s contracted at $31. Suddenly, the tide has shifted. If the projections hit exactly (and they pretty much never do, of course), in two offseasons your AJ Pollock has gone from a surplus boon to a -$3 valuation. He’s still a great player, so maybe that $3 isn’t a big deal and you hang onto him*, but you have a decision on your hands at this point.
* I’ve never played in an Ottoneu league but I’ve read up on it and one strategy I see a lot is this: if a player is not providing surplus, he’s a cut. It seems simple enough, but I’m not sure how hard and fast a rule it should be. If you’re paying Clayton Kershaw $100 and he’s only providing you $95 of value, is he not still Clayton Kershaw? I understand cutting him and hoping to win him back at auction for less, but I can’t imagine every time the surplus scale tips even the teeniest bit dumping players is always the right answer.
I think in terms of options for placing greed, the Pollock scenario is the easiest to arrive at. But how about another example?
Let’s say first base was a black hole for you in 2015. Heading into 2016, you’d probably like to avoid navigating the same problem, but you’ve exhausted the trade market. You either need to hit on a free agent pick-up in-season, or you need your opponents to cut players that you can bid on at auction. That last part, you can sort of help.
Let’s say you scour the league and find three guys on different teams — let’s just go with Ryan Zimmerman, Adam Lind, and Mark Teixeira — who after their $2 raises are teetering between providing surplus value and being a cut. Well, you can tip that scale. You can add your dollar to each of these guys and while, sure, a dollar isn’t a lot, it could be enough to make another owner’s decision for them. Maybe they were torn between a $12 Zimmerman and a — I don’t know — $7 Yonder Alonso or something as their reserve 1B, and Zimmerman suddenly jumping to $13 seals the deal. If you force even one of these guys into the free agent pool, you’ve given yourself an additional option at a position of need.
If you really hated your 1B situation from a year prior, you could put your $1 towards a 1B on every team and hope it pushes more than one guy out.
There are all kinds of ways you could go with your greed allocations. We touched on them in one of our podcasts and I’m sure we’ll go down that road again, particularly 10-11 months from now when greed allocation is upon us. But you may want to start churning those gears in your head now.