One popular mainstream media meme is that this year’s is a weak free agent class. But one popular independent media meme* is assuming that everything the mainstream media agrees upon is nonsense.
Anyway, in an effort to figure it out, I added up the 2009 Fangraphs.com WARs of the top 20 players on MLB Trade Rumors’ top-50 free agents list (who has time to do all 50?) and the 2008 WARs of the top 20 players on last year’s list.
I skipped Aroldis Chapman, since he has no Major League data yet, and so added the 21st player — Adam LaRoche — this year. Similarly, I skipped Mike Mussina, who retired, and Ben Sheets, who was injured, from last year’s set, adding Orlando Cabrera and Jamie Moyer.
For a variety of reasons, it’s an imperfect way of calculating the depth of a free-agent class. I only measured the top 20 guys in each year and I only used one year of data.
Anyway, last year’s top 20 free agents totaled 72.1 WAR, and this year’s totaled 65.1 WAR.
So yeah, last year’s class was stronger. Not by a ton, but probably by a significant margin.
Of course, last year’s class was a lot better at the top. It had three players — CC Sabathia, Mark Teixeira, and Manny Ramirez — with 6.0 or greater WARs, while the current class can boast only one: Chone Figgins. But last year’s list had five players with 2.0 or lesser WARs, while this year’s has only three.
That said, this year’s list has two players with WARs below 1.0: Vlad Guerrero and Jose Valverde. Last year’s didn’t have any.
Anyway, that’s all just an exercise. Tim Dierkes at MLB Trade Rumors doesn’t rank his free agents by the prior season’s WAR — nor should he — so mine is a flawed study. Obviously one season’s worth of WAR is not a perfect measure of a free-agent’s value.
But I wonder if this is really a one-year blip in the free-agent market or indicative of a larger trend. Recently, we’ve seen lots of teams — including small-market ones — locking up their best players to long-term extensions before they hit arbitration, as the Mets did with Jose Reyes and David Wright.
The Rays have options on Evan Longoria’s contract that could keep him under team control until 2016, so, even though he made the Majors at a young age, he might not hit free agency until he’s 31.
There are also cases like Johan Santana’s, wherein a player with a no-trade clause approaching free agency agrees to waive that right to sign an extension with a club that trades for him. The same thing could happen with Roy Halladay this offseason.
Those are very, very isolated examples, but if the trends continue, I have to imagine we’ll see fewer and fewer excellent players hit free agency in the midst of their primes, as Sabathia, Teixeira and Matt Holliday have.
The 2011 free-agent class could be stronger than this year’s, but there’s reason to believe many of the top players on this list will sign extensions with their current clubs before the 2010 season is out.
*- As Sam points out below, this is likely an inappropriate use of the term “meme.”

For years I’ve maintained that everything Shaq does is art, and now he’s taking it up a notch:
This is particularly hilarious, because the Mets traded cash to the Rockies as part of the original deal, so basically it was the Major League equivalent of backsies. “You know what? Never mind on this Gload kid. We don’t have as much money in the bank as we thought we did; Mo Vaughn is eating us out of house and home.”
Bengie Molina.
I unfairly include him because:
Look: I’m all in with Tom Hanks and “there’s no crying in baseball.” Baseball is a measured game, and features a 162-game season, so it’s certainly best the players and coaches not get too emotionally caught up in any one event.