When Kansas City Royals GM Dayton Moore signed Ian Kennedy to five-year, $70 million deal, most analysts considered it a significant overpay. For example, Craig Edwards of Fangraphs.com considered the Kennedy deal a whopping $46.7 million overpay.According to his estimate, the Kennedy contract was the worst deal signed last winter.
Now, one year later, only Johnny Cueto gained comparable value among free agent contracts last winter. Edwards said that Kennedy gained that value by “being merely mediocre“. But, that’s something of an understatement. Edwards used Fangraphs.