It’s not $8-$9 million per WAR, and it’s not linear anymore. Eno Sarris just did a pretty good article earlier this month analyzing that for The Athletic, What all those non-tenders can tell us about how players are being valued The spoiler is 1 WAR is currently valued much closer to $5 million, and no longer applies to just free agency (i.e. the reason for a significant increase in players being non-tendered). They also showed that teams are indeed now willing to pay more “per WAR” for a player expected to be >3.0 WAR than a 1 or 2 WAR player. Here is some of the article text... This year, a whopping 40 players were non-tendered at the deadline, nearly equal to the 46 who were non-tendered in the two previous years combined. Fan favorites like Kevin Pillar, everyday players due less than $5 million like Domingo Santana, and even above-average players like César Hernández all found themselves without a contract. Using the accepted relationship between production and salary, many of those players should have been retained. By looking at free-agent contracts and projected value, a win above replacement is supposed to cost around $8 million in today’s market. Hernández, for example, is projected to be a league-average player, worth around $16 million, and his arbitration-awarded salary was projected to be around $12 million. And yet … he’s a free agent. Something seems off on the accepted framework. One suggestion has been that the relationship between what a team is willing to pay for a player and that player’s value is not linear. In other words, teams won’t pay the same per win for an average player as they would for a five-win player. That makes some sense: There are only 26 roster slots, and there are way fewer five-win players than two-win players. Theoretically, at least, teams would want to jam as many five-win guys on their roster before picking in the larger bin of average players. There are nearly half as many five-win players as two-win players, so why wouldn’t a team pay more for the five-win player even when you look at per win dollars? Sure — but that non-linear effect has not traditionally been seen in the market. Maybe the market is changing, though. Here’s how the dollars per win broke down for position players by three buckets last season. [pre]Proj WAR/YR $/WAR 0.5-1.9 4.69 2-2.9 4.97 3.0+ 5.24[/pre] Teams paid a little more per win for players like Bryce Harper and Manny Machado than they did for Asdrúbal Cabrera and Jonathan Lucroy. But not a lot more. You’d round those to $5 million per win. Wait, that’s an interesting number. It’s way less than $8 million per win. Mostly, that’s because relievers aren’t projected for large WARs and yet get decent contracts, which inflates the overall cost per win. Maybe that means WAR is broken for relievers, or maybe it just means that teams are willing to pay more on shorter deals for that reliever who might be the final piece. Either way, take relievers out, and dollars-to-WAR figure plummets. There is plenty more to the article to support their findings, but this Jonathan Judge tweet included in the story sort of sums it up...