
Let me make this clear, Derek Lowe signed a bloated contract and the Mets were right to walk away. My point of contention, isn't with losing out on Lowe it's how they handled the negotiations.
The Mets could afford to lose Lowe, they were coming off two years in which they were contenders but after a 70 win season they now look like nothing more then a three time loser with one playoff appearance this decade.
If they fumble this off-season not only will 2010 be a losing season but they won't be able to afford minor league contracts in 2011. It's already being reported that ticket plan sales are dramatically down and SNY is losing advertising fees.
The Mets have a foreboding blue print to how the Bay negotiations could play out because the exact same thing happened with Lowe last year.
All of last year, after they found a closer the Mets were focused on starting pitching and had targeted Derek Lowe. I rem. distinctly there offered leaked on Christmas Eve and with nobody else in the market it appeared Lowe was destine for NY.
But while I wouldn't call the Lowe offer a low-ball it was a starting point and clearly Lowe wasn't going to accept it. Here's where I believe they made their mistake, the Mets choose to sit on the offer arrogantly believing they were the highest bidder and there was no need to bid against themselves.
By not negotiating and paying slightly higher then their original offer, they failed to secure the pitcher when the window was open for exclusivity. They just put the offer out there and walked away, despite it being clear that Lowe wasn't going to accept the offer. Instead of looking at increasing their offer for the purpose of securing the player they wanted, which would be an aggressive approach to the negotiations they choose to be patient and view it as not bidding against themselves, which ultimately cost them.
I could be absolutely wrong, maybe Lowe was never going to take an offer below what he received which I agree was too much, but we will never know. The Mets offer sat on the table, as is, for almost a month, they went from sitting in the cat bird seat to scrambling for an alternative. If they had aggressively negotiated with Lowe and still couldn't come up with an agreement then my argument would be moot.
There is an argument to be made, that value can be placed on the timing of a signing, while the Mets choose to see it as over paying by bidding against themselves some of the more aggressive GMs are very successful with this approach. In Philly Amaro over paid by one year on all three of his signings but he filled all his holes, knew what his budget was and could then sit back and make a trade without hesitation. Now a two time World Series appearing team has improved and is pretty much ready for spring training in December...
Markets fluctuate and change, the longer you wait the longer the chances thing change. A team could have an injury, lose a player they thought they were re-signing, make a trade and have a new hole, get desperate over ticket sales, finish up a bigger hole and focus on another (that's the Angels IMO) or finish up and realize they have extra money. We're even hearing now that there could be a mystery team involved, is it the agent or is there a team lurking in the shadows hoping the Mets make the same mistake they made last year. I believe there is probably a team gauging our seriousness, not wanting to get into a bidding war with a large market team but if we're tentative about making a stronger offer, knowing in the past we didn't have the stomach to over pay in a bidding war, waiting to jump in to steal the player....
Timing is finite and does have value especially when you have such a glaring need and have multiple holes to fill. If the Mets don't aggressively negotiate with Bay and maybe even over pay by a year and another team swoops in to sign him, what is our alternative Johnny Damon.
Just as we looked like we were in the cat bird seat last year with Lowe we look the same way with Bay this year, but markets change and there is a value for securing the player you need. When I heard the Mets had upped their offer, I thought they learned from their mistakes but now that report is disputed and I hear a lot of the mantra I heard last year, about not bidding against themselves and patience. That resulted in Ollie getting 3 yrs at 36MM kinda sounds like what Damon wants......