I think Hendry looks at the value that a player would bring to the entire organization, not unlike an investment banker managing a portfolio of loans and investments. The contracts with Rusch, Howry, Eyre, and Dempster allow Hendry to trade the organization's strength (pitching prospects) for established position players. Neifi! is a hedge in a market (SS) with few alternatives and high prices. The contracts with Neifi!, Howry, Rusch, and Eyre look overvalued individually but have more value when looking at the entire "portfolio" of players and prospects. By maximizing and storing value, Hendry can pounce on undervalued assets that become available during distress sales (e.g., Ramirez, DLee, now Tejada). I really, really, really, wish this were true. But Hendry has spent this entire off-season looking for a "lead-off hitter". Which means he overvalues the value of a lead off hitter and he overvalues speed. Because he has a guy on the team who is just about as good as a leadoff hitter as Slappy Pierre and he has let eveyone this side of Brisbane Austrila know he is looking to trade him (i.e., Todd Walker). Far too ofthen he seems to undervalue OBP and walks in general. In other words, he buys too high and sells too low (where is goony when you need him?). To me the entire portfolio looks like an 85 million dollar 75 to 80 win team. Likely, not a good return on investment But there is plenty of time for him to shore up his holdings and get some production for his dollar. Abrue or Tejada would go along way toward that.