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(Thanks a ton for the kind words BSR.  And would love to hear about the music bidness sometime.)
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It's important to remember that this series is not addressing the questions of:
Could the Mariners "lose" the Morse deal?
Are the Mariners likely to "lose" the deal?
We are not addressing those questions.  We are only addressing the debate proposition of "please hold Jack Zduriencik's head under water and beat him with a ball peen hammer, somebody."
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John Jaso very easily could go on to become an impact player in the American League.  Beane thinks he probably will.  Zduriencik thinks he almost certainly won't.  I'm pretty dubious that Jaso's offensive value will hold up quite this high, but if he's a 70-game catcher and 70-game DH for the next five years, he's a minor star.  That's a whale of an OBP he's got there.
Mike Morse ain't chopped liver.  The M's just traded for a Billy Butler.  People are underestimating the return value.