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Pence has very good speed. I timed him at 4.2 seconds from contact to first base on a ground ball over the weekend, which is excellent for a right-handed hitter.
He is an asset on the bases, though he doesn't have the quickness to be a true base-stealing threat. At 6'4", his speed is all about getting his long legs moving. His speed is useful in avoiding double plays, scoring from first on a double, scoring from a second on a hard single and going first-to-third on a single.
Despite the slow start, the Giants clearly improved their situation in right field by acquiring Pence. He's a better overall player than Nate Schierholtz, though Nate probably has the slight edge on the defensive side of the ball.
Pence just needs to settle down at the plate and do a better job of attacking strikes in the zone. He's a high energy player who clearly is trying to do much right now. Once he settles into his role, the Giants should get the player who has hit .289/.341/.480 with an average of 24 home runs per season for his career.
The price to acquire Pence was high, but there is a lot to like about him. He's a big, athletic player with above-average range, speed and power. His approach to the game is awkward at times, but he has a great work ethic.
He may not be the most graceful player, but so far in his career, he has gotten the job done. There's no reason to think he won't eventually deliver for the Giants in 2012.