This is a preview of the Joe Sheehan Baseball Newsletter, an e-mail newsletter about all things baseball, featuring analysis and opinion about the game on and off the field from the perspective of the informed outsider. Joe Sheehan is a founding member of Baseball Prospectus and a contributor to Sports Illustrated and Baseball America. He has been writing about baseball for nearly 25 years.
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"The cycle of performance to wins to revenue to pay, the one that has driven salary market conversations for decades, is broken, and that changes how players can be paid. Teams can’t do anything about the money they agreed to pay in the Before Times. That $2.2 billion is booked. What they can do, and what they most assuredly will do, is adjust future pay to the realities of the After Times. Those record-low six qualifying offers? That’s in part because the QO salary of $18.9 million is a Before Times number. (At that, teams extended offers to Kevin Gausman and Marcus Stroman, whose After Times market value isn’t close to $18.9 million a year. Both should snap-call the offers.) The declined options are teams rejecting Before Times numbers."