Last Year's Reliever Market as a Cautionary Tale
There has been some talk about the Phillies signing a veteran reliever to bolster what was a lackluster bullpen for much of the 2012 season. After marquee signing Jonathan Papelbon, the Phillies relied on a corps of young arms and seemed to always have the revolving door to the bullpen spinning. Although the contract given to Papelbon was, from every perspective, too rich and too lengthy — the largest contract ever given to a closer — they still got the performance they expected. Papelbon finished the year with a 2.44 ERA in 70 innings, continuing to be one of baseball’s best and most reliable closers.
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