News comes that the Yankees have signed former AL Cy Young winner Bartolo Colon to a minor league deal worth $900,000. Per Joel Sherman, Colon has the right to be released at end of spring if has not made the Yankees' Major League roster.
I looked at Colon a few weeks ago, and concluded that while there didn't appear to be much to like about Colon, "I suppose you could do worse if you were to sign Colon to a minor league deal with no guarantees regarding making the big league club."
Seeing as how that's pretty much exactly what has happened, this is a fine low-risk signing. However, I'm reluctant to add high-reward to that analysis, given that we really have no idea what Colon will end up providing, so let's just call it "reward" and leave it at that. For what it's worth, THT's Oliver system has Colon's 2011 Major League Equivalency line as 60 innings of 4.46 ERA ball with a 1.37 WHIP, 5.4 K/9, 2.4 BB/9, 1.2 HR/9, worth 0.6 WAR. The peripherals are pretty ugly, but that still seems like a surprisingly optimistic line for the typically negative Oliver projection system. If the Yankees were able to get even 100 innings out of Colon at around a 4.50 ERA in the back end of the rotation I think that'd have to be considered reasonably successful, but it just doesn't seem likely.
Relatedly, you'd think it was amateur hour at the comedy club the way the Yankee beat writers are guffawing over this rather inconsequential move on Twitter. I remain baffled that the local papers employ people who continually display outright contempt for the team and the GM and routinely mock the moves the team makes (and doesn't make). Honestly, if you hate the Yankees so much, why do this for a living? It can't be because of the paycheck.