Is there a draft in here? Part 2

On Wednesday, I explained that the Mets’ problems have a lot more to do with poor drafting than Bernie Madoff. The short version is as follows:

There once was a time when big-market clubs could count on top young players hitting the market in their late 20s, but when you see the Reds and Rays locking up Joey Votto and Evan Longoria, respectively, you know that is no longer the case. To win, you have to build from within, which means drafting well.

So why have the Mets been so bad in the draft over the past decade? It boils down to three reasons.

1. Punting draft picks

The rules regarding free agency and draft picks have changed a bit over the years, but you have always run the risk of forfeiting a draft pick when you sign elite free agents. (Under the new CBA these are players who received a qualifying offer.)

For years the Mets gave away first-round picks to sign free agents, many of whom simply were not worth it. They gave up a first-round pick in 2006 to sign Billy Wagner, in 2007 for Moises Alou and in 2009 for Francisco Rodriguez.

If you’re giving up top picks you have a much lower chance of adding elite, cost-controlled talent to your organization. It’s one thing if you are adding a perennial All-Star in his prime, but in those instances the Mets gave up top picks for two relievers and a 40-year-old outfielder who played in a total of 102 games over the life of his two-year deal. That’s just bad business.

Fortunately, the Mets seemed to have wised up in this regard. If you recall, they refused to sign Michael Bourn over the winter because they would have had to sacrifice the No. 11 overall pick to do it. As nice as a player as Bourn is, he would not have made this team a contender, and the player the Mets get at that spot on Thursday is probably going to be much more valuable to the future of the club than Bourn would have been.

2. Going cheap

Oddly, even though the Mets were willing to pay through the nose for free agents such as Wagner, K-Rod and Jason Bay, they were among a group of teams that included the White Sox, Padres and Astros that were notorious for their unwillingness to spend big on the draft. For whatever reason -- most assumed it was the Wilpon’s cozy relationship with Bud Selig -- the club frequently refused to significantly exceed MLB’s bonus recommendations.

This often meant missing out on blue-chip talent at the top of the draft as well as players who may have slid due to bonus demands. A perfect example is 2004, when the Mets had the No. 3 overall pick. That year, Jered Weaver and Stephen Drew were both seen as two of the top talents in the draft, but both were advised by Scott Boras and were demanding big bonuses. Many clubs were scared off by their demands -- this is how the Padres ended up taking Matt Bush at No. 1 overall -- and the Mets were no different.

Weaver fell to the Angels at No. 12 and Drew to the Diamondbacks at No. 15 and held out for almost a year before signing just ahead of the 2005 draft for $4 million each. Philip Humber, whom the Mets took at No. 3, signed for $3 million. That’s a difference of $1 million, or roughly 1/16 of what the Mets are paying Jason Bay not to play for them this year. Per wins above replacement, Weaver and Drew are the second- and third-most valuable players in that class, trailing only Justin Verlander, the No. 2 overall pick.

Funny thing is, the Mets did have some success when they went above slot in later rounds, most notably signing Jonathon Niese, a seventh-rounder in 2005, for fourth- or fifth-round money. Of course, his bonus was $175,000, not the kind of dollars that will cause too big of a stir in the commissioner’s office.

The spending issue is somewhat moot under the new CBA, as teams have a spending cap and will incur harsh penalties if they exceed it, but the Mets were one of the only teams willing to play by the old rules, and it cost them.

3. Bad luck

To be fair to previous Mets management, there were a few top picks that didn’t pan out that were probably just bad luck. While Weaver and Drew were considered better prospects, Philip Humber was far from a reach at No. 3 that year. The same can be said of Lastings Milledge (No. 12, 2003) and Mike Pelfrey (No. 9, 2005).

Humber was part of the Johan Santana trade, Milledge was considered a top prospect until he got to the majors while Pelfrey was a serviceable starter for a couple of years. Of course, when you pick in the top 12 for three straight seasons and have nothing to show for it, that’ll sting. (Santana’s no-hitter was nice, but there’s a strong argument to be made the Mets would be better off now had they not made that trade. They’d have Carlos Gomez, a lot more payroll flexibility and just as many playoff appearances.)

The good news for the Mets is that the draft has been kinder in recent years (Matt Harvey, FTW), and the Sandy Alderson regime seems focused on building from within. A cynic could say, “what choice does he have,” but the fact of the matter is that teams don’t build World Series winners through free agency anymore. So pay attention to the draft, starting tonight, because the club’s future depends on it.