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Adam Jones vs Erik Bedard, quantified
"The point" offered as the pivot point of Bavasi trashing -- was that Adam Jones by himself was worth more than Erik Bedard.  The basis of the criticism was that Jones-for-Bedard even steven was wrong (and therefore everything else the M's gave up was just additional hemorrhaging).
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Folks began to realize that the same (faulty) logic would apply, of course, to Carlos Gomez for Johann Santana, Jeff Clement for Jack Wilson, and in fact to any trade of a good prospect for a vet being paid a fair salary.
So, yeah, one of us missed the point.  The point was as explained in the article linked above.  Your arguments came later and were not central.
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As we mentioned, the 'win value standpoint' argument retreated, somewhat, to the two points that you make, which I decidedly differ with also.  But the link above is more than sufficient to validate my article, so I'll leave it at that if others will.  Lee is cause for a deliriously successful winter.  I'll take Lee over Lackey every day and twice on Opening Day.