Players are investments, pure and simple. Like investing, we root for our investments to “win” for us. Some pan out, some fizzle. You and I hope to make some sound investments to help cover those that failed, and at the end of the day, we strive to be better off than when we started. Prospects resemble the penny stocks that we hope explode and make us all rich/successful, but really, most don’t. The top free agents are those larger equities who have already enjoyed a run up in price and we’re hoping their stock still has some legs left for us to participate in. Some do, some don’t. It happens.
If you bought a stock ten years ago and it failed, or at least didn’t live up to your expectations, does that mean you no longer invest in the stock market? Well, maybe if your risk profile changes due to age or other circumstance, but otherwise you continue to seek the best assets to invest in. Yu Darvish is no different.
The Yanks reportedly made a “modest” bid on Darvish. If they made a modest bid because they (ownership, management, scouts) did not believe Darvish’s skills will transfer, so be it. That’s a business decision made with the facts you believe in. Personally, I disagree, but I’m not part of the front office.
If the Yanks modest offer was made out of fear of failing, which I truly hope is not the case, then this is a sign that scares me. Irabu and Igawa represent sunk costs, dammit. The Yanks are one of the only, if not THE only, team who can best absorb risk and financial mistakes.
This whole $189 million thing just feels real and perhaps this is the reason for the sudden frugality. However, given the fact that the posting fee would not count against the Yanks’ total payroll, this is precisely the kind of investment that this team should make.
Will/Has fear prevented the team from putting their best bid out there? I sure hope not.