I've been meaning to post something about Doug Melvin's nonsensical whining about the Yanks' bid on C.C. Sabathia.
Now, I don't have to come up with anything original, since David Pinto responded so well:
Doug Melvin doesn't understand the Yankees bid for CC Sabathia:
"It sounds like they're overbidding," Melvin said. "If the speculation is true that we've offered CC $100 million, why would you offer $140 million? Why wouldn't you offer $110 million?"Because, Doug, if they offered $110 million you might bid again. This way, they drive out all of the teams that can't afford $140 million, and see who's left. This leaves the Yankees with a lot less work to do. Since Sabathia is probably worth around $27 million a year, or $162 million over six years, the Yankees just took the bidding up to a decent level where it will move along faster.
Melvin should bid $150 million for six years. In all likelihood, the Yankees will top that. So Doug gets to look like a hero to the Milwaukee fans for being willing to spend top dollar on Sabathia without shelling out any money, plus he forces the Yankees to bid higher.
If all the other teams are scared away by New York's offer, the Yankees get Sabathia cheap. If they take part in incremental bidding, however, there's a chance another team breaks it's limit on CC. If someone bid $125 million, then $135 million, maybe they feel they've invested so much time in trying to obtain Sabathia's services that they are willing to break their $140 million limit and go to $145 or $150 million. If, however, that limit is met with the first bid, there's no reason to even get started. So by trying to drive out all the other bidders, the Yankees might actually save money over using Melvin's rational strategy.
It seems like obvious posturing on the part of Melvin for the fans and media, so everyone can blame the Yankees for ruining baseball and feel sorry for the Brewers, rather than blame the Brewers for not paying market price for Sabathia.