Chad Billingsley

As it always does, the free agent market contains some fairly noteworthy names entering the final month before Spring Training. A good portion of the value at the top of the leftover market lies in established names who have been reliable, healthy, and good in the recent past: James Shields, Francisco Rodriguez, and the like.

Some of those types of players may be a bit long in the tooth, perhaps, or might lack upside or be coming off of a somewhat down 2014 season. But there are teams with expectations of contending that are interested in signing them and plugging them into important roster slots. This segment of the market contains relative certainty.

But as much as the solid veteran group is useful, it is entirely less interesting than the array of wild cards that also remain to be signed. For another market niche, comparative youth, talent, and/or upside marry with various issues, inconsistency, and/or injury. Some such players will surely flame out, never to be heard from again, but it is likewise possible that one or more will re-establish themselves as quality regulars and deliver immense value to their new teams.

If you are a fan of a team that wants someone to dream on without breaking the bank (or even committing a big league roster spot, in some cases), consider one of these players from the scratch-and-dent market:

• Mike Adams, right-handed pitcher, 36 – Remember when the 6’5 reliever was a really effective set-up man? Wait, he has always been a really effective set-up man — when healthy. He may not have been on the field enough to deliver value to the Phillies on his $12MM free agent contract, but even while battling through injury Adams worked to a 3.50 ERA over 43 2/3 innings. Last year, especially, he was quite good: a 2.89 ERA (supported entirely by sub-3.00 ERA estimator marks) and better than ten punchouts per nine with a 56.3% groundball rate. Sure, it was a small sample (18 2/3) and his shoulder problems were still present. But if you’re going to roll the dice, it may as well be for a nice potential return.
• John Axford, right-handed pitcher, 31 – Axford still pumps gas and still logs double-digit strikeout rates. Sure, he walked nearly six batters per nine last year and ERA estimators have been increasingly dubious of his quality over the past three seasons. If he can figure out a way to reign back in the free passes and yield a few fewer long balls, Axford still looks like a late-inning arm. And now, teams can take a chance on a return to form without the high salaries that he carried more recently.
• Brandon Beachy, right-handed pitcher, 28 – The former Brave owns a lifetime 3.23 ERA over 46 big league starts, with a 3.34 FIP, 3.54 xFIP, and 3.39 SIERA. He has averaged better than nine strikeouts and less than three walks per nine innings. He also is on his second replacement UCL, this one installed last spring. In each of the above-referenced statistics, Beachy is entirely not-unlike fellow former Atlanta hurler Kris Medlen. Yet Beachy — who is one year younger — remains unsigned while Medlen has already secured an $8.5MM guarantee. He also can be controlled for an additional year through arbitration, with a low salary base to work from.
• Chad Billingsley, right-handed pitcher, 30 – As with Beachy, Billingsley was once an effective starter who has struggled for some time now to return from Tommy John surgery. What the latter lacks in dominating upside, he makes up for in the lengthy run of reliable innings he provided before succumbing to elbow troubles. From the time he became a full-time starter in 2008 through the 2011 season (the one before his elbow troubles began), Billingsley averaged 194 frames of 3.73 ERA pitching.
• Everth Cabrera, shortstop, 28 – Were it not for his off-field issues, it seems likely the Padres would have tendered the former starting shortstop and given him a chance to regain his 2013 form. The year before last, Cabrera registered a 114 wRC+ while swiping 37 bags (down from 44 in the season prior) and playing the best-rated defense of his career. That was a 3.1 fWAR player, even in a season cut short due to suspension. The 2014 version of Cabrera was not, even when on the field instead of nursing an injury. There are issues aplenty here, but his abilities stand out in a market that hurt for middle infield talent from the start. And it does not hurt that he comes with a year of arb control remaining.
• Alexi Ogando, right-handed pitcher, 31 – Flipping back and forth between starting and relief, Ogando and his mid-90s heater have long been a storyline. And until last year’s dud, he had never been anything but effective. Even after putting up 25 innings at double the allowed runs rate that he had generally permitted, Ogando sits with a lifetime 3.35 earned run mark. The track record of arm trouble remains a concern, but Ogando’s velocity was just fine last year and he could easily be on the rise with a normal spring.
• Rickie Weeks, second base, 32 – Once one of the game’s better keystone options, Weeks has stumbled backward in all areas of the game since 2012. But last year was a bit different; while his defensive metrics continued to lag behind his earlier work, Weeks did put up a .274/.357/.452 slash in 286 plate appearances that brought to mind better days. True, Weeks inflicted much of his damage against lefties, with his solid line against right-handers propped up by a .420 BABIP. But given his track record, a revived spurt of production at least raises the possibility of a late-career renaissance.