Silentpadna's point here is so illustrative that it needs to be separated out:

One thing I’d like to see is the same sort of win vs $ comparison on the Beckett / Hanley Ramirez trade for the Red Sox.

I wonder if that sort of analysis would yield a “horrible” trade for Boston. Ramirez is one of those prospects that really did pan out as hoped for. Do you think the Red Sox regret having Beckett because Ramirez is so good?

Let's leave aside, for a moment, the fact that other players were involved in the deal, such as Lowell and Sanchez.

In the event that Josh Beckett WAS traded head-up for Hanley Ramirez, you've got a perfect illustration of the difference between

(1) the Seattle 'net's f(x) = VORP/$ focus as applied to all roster slots org-deep, and

(2) D-O-V's interest in building a championship 25-man ballclub. 

If you ran a Beckett-Hanley trade through exactly the same logic at exactly the same sites, it would come out as more than "borderline" insane. 

In fact, if the Mariners had offered anything important for Beckett at all after 2005, considering his salary and injury risk, it's easy enough to picture the Seattle 'net calling for the cuckoo trucks.  ;- )  In January 2006, if we'd heard a rumor that Bavasi was considering dealing Hanley for Beckett, D-O-V would certainly have been calling for the deal, and the rest of the Seattle 'net would certainly have been calling it insane. 

So as Russ notes, it's a topical example.  "Good organizations don't trade players like Adam Jones"?  I don't know about you, but I count Boston as a good organization.  What good organizations don't do, is de-emphasize the pennant race that is happening this year.

Epstein isn't alone in this mindset.  Try finding a real GM who will blast Epstein for giving up Hanley Ramirez in order to construct the 2007 Red Sox?

……………………… 

The fact that Boston won a World Series?  That becomes the cognitive dissonance that should give the Seattle 'net pause for thought.  Note very carefully that winning the WS has precisely no presence whatsoever in the f(x) = VORP/$ calculations.  

Lowell, Sanchez, etc notwithstanding — a 2005 Beckett-Ramirez trade would STILL be evaluated as mindless, because Ramirez IS producing FAR more "net wins vs salary" than Beckett.  A BP author would go screaming into the night at losing Ramirez, who is playing SS and posting 145 OPS+'s … for $407,000 per year.

And that's precisely what illustrates the difference between USSM's paradigm and D-O-V's:  Boston gave up theoretical net salary wins — but won the World Series.  Boston has achieved its goals.

I can tell you for a fact that Bill James and Theo Epstein, if you wound the clock back to 2005, would cheerfully pay Hanley Ramirez to add a (moneyed) #1 starter to their ballclub. 

…………………

Even if Adam Jones plays SS and hits .332/.386/.562 for Baltimore in year 2 … if the Bedard trade accomplished the Mariners' goals, it would still be a winner for SEATTLE despite a "net wins" deficit.  As the Beckett deal was for Boston.

And of course, a 2006 Beckett-Hanley deal illustrates the worst case scenario for a 2008 Bedard-Jones deal. (1) Erik Bedard is a much better pitcher right now than Beckett was then, and (2) I doubt you're betting on Jones to play SS and hit .332/.386/.562 in 2009.

But if Jones did do that, that'd be okay.  Make sure you're happy with what you get, and you'll never worry about what you paid.

Cheers,

Dr D