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Hu always had the makings of a nice young pitcher so it's no surprise to see him succeeding in Tampa's system. But Jepsen was also an accomplished veteran reliever with strong numbers, and you have to give up something to get something. It's not like Hu was an elite young talent by any stretch.
Would Terry Ryan have needed to part with a prospect of even Hu's caliber, though, if he were merely acquiring a two-month rental of similar ability? Not a chance. The Twins had to step up their offer in order to bring in a player who remained under team control for an additional season.
Jepsen's drastic drop-off, from sheer brilliance in 2015 to utter ineptitude in 2016, serves as a reminder that relief pitchers are extremely volatile assets. That is why it makes little sense to pay extra for added commitment.
This misstep is made more frustrating because it's a lesson that the Twins have already learned the hard way, and also because it's completely inconsistent with the way Ryan operates otherwise.
At the trade deadline in 2010, Minnesota was on the lookout for an established closer as they geared up for a postseason run. Bill Smith infamously gave up catching prospect Wilson Ramos in exchange for Nationals reliever Matt Capps.
Ramos was a prized prospect at a high-value position, and seemed like a high price to pay for a good-not-great closer. But the appeal of Capps, and the factor that undoubtedly swayed Smith to surrender Ramos, was the extra year of control. The Twins didn't really know what to expect from Joe Nathan in 2011, when he'd be freshly rehabbed from Tommy John surgery, so they sought added stability in the late innings.
The way things played out was essentially a mirror image of what we just witnessed with Jepsen. Capps did his part down the stretch in 2010, filling a key role in the bullpen, but was an unreliable mess the following year. This kind of fluctuation isn't uncommon. Again, relief pitchers are volatile.
That trade is now widely viewed as the worst in modern franchise history, since the Twins are bereft of long-term catching options whereas Ramos appeared in last night's All-Star Game. Now, Ryan has fallen into the same trap, albeit to a lesser degree.
Clearly, Jepsen's extended control was attractive as the GM looked ahead at an uncertain 2016 bullpen picture. Ryan may have had some inklings about the issues that were beginning to plague Glen Perkins, as well.
But the proper approach would have been to pick up a true rental, which would demand a lower return, and regroup in the offseason. There, the trade market is less driven by timing and leverage, while free agents are also available.
This brings me to the part that is most irksome. Throughout his tenure, Ryan has consistently eschewed the high-end free agent reliever market, and the reason is always the same. It's not the money, it's the term. He doesn't like making multi-year contract commitments to relief pitchers, given their mercurial nature. Hey, it makes sense. But if that's the mindset, why are you willing to give up prospects – a far more valuable commodity than money – in exchange for that very same thing?
This costly inconsistent thinking stands out as a major blemish for the Twins front office. Mistakes happen, but they shouldn't happen twice.
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