The Nationals signed Jason Marquis to a two-year $15 million contract. Marquis is not a good pitcher, but he’s not awful. I know there is a tendency to hate guys like Marquis, but he’s better than many other options. I estimate the Marquis is worth about $13.5 million over the contract term.
This is a bad deal for the Nationals, but not because they payed him more than I estimate they should. The Nationals are terrible, and paying market price on the free-agent market for the likes of Marquis, Ivan Rodriguez, and possibly Matt Capps are finishing touches that good teams make to solidify themselves for a playoff run. Looks like the team is trying to solidify short-term mediocrity for long-run success.