The worst trade in the recent history of baseball before the Wells deal is, in my opinion, when the Expos traded Brandon Phillips, Cliff Lee, and Grady Sizemore to the Indians for Bartolo Colon back in 2002. Colon had won 75 games over the past six seasons with the Indians, while none between Phillips, Lee, or Sizemore had even debuted in the Major Leagues. Sizemore was just 19 at the time. Colon went on to win 10 games for the Expos in 2004, then leave as a free agent that very offseason. His WAR for that half season was 2.3. In their respective careers, Phillips, Lee, and Sizemore have totaled a 51.9 WAR in the Major Leagues, although the Indians trade Phillips and eventually Lee also. The bottom line is that the Expos sent their three best prospects for just one player in return, a 'rental' at that, seeing as how they knew Colon would be a free agent after that very season. Clearly, it wasn't worth it.
Brandon Phillips has not gotten the most attention out there, but he quietly produces on the now-contending Reds. His best season came in 2007, his second full season manning second base for Cincinnati in which he had a 30-30 offensive season, earning him some MVP votes. He's been a consistent 20-20 player since 2006, but his run production took a step backward in 2010. He was also thrown out 12 times to only 16 steals, but the 30 year old has lots of time to keep producing for the Reds. His attitude and teammate chemistry make him a very valuable part to a Cincinnati Reds team that now depends on his leadership to contend.
Cliff Lee has arguably been in more trade/free agency rumors than any other player since 2009. Playing for four teams in two seasons, Lee has become quite the hot commodity over this time. Perhaps his most highly regarded trait is his control, something GMs scramble to acquire. Lee walked just 61 in 444 innings between 2009 and 2010. This is exactly the player Lee could have become playing for the Nationals, assuming they could sign him to an extension. In 2005, just three years after the trade, Lee finished fourth in Cy Young voting with an 18-5 record and a 3.79 ERA. The 2005 Nationals were a contending team in the first half, but lacked rotation depth and faded in the second half so Lee would have probably helped them become a winner.
Grady Sizemore was a 20-20 player in his first full season in 2005, at the age of 22. He continued this trend until 2008, when he improved to 30-30. From 2004-2007, he had a 3.7 defensive WAR, a signature characteristic of a five tool outfielder. Oh, and he also had a 17.2 WAR over that time, followed by a 5.3 in 2008. Although injuries have derailed his performance the last two seasons, Sizemore was arguably the best outfielder of the mid 2000s. His combination of power, speed, defense, and enthusiasm for the game were enough to call him probably one of the best players in baseball as well.
Meanwhile, Bartolo Colon's career with his new team lasted a full three months and 17 starts. The highlight of his tenure with Montreal came on August 19, 2002, when he shut out the Padres at home allowing two hits and two walks on 95 pitches. Besides that and Colon's 10 wins in that second half, not much came to the Expos in this deal. Colon signed with the White Sox in the offseason and good season there in 2003, and the Expos were left with nothing. Essentially, the Expos gave up three future All-Stars in exchange for half a season from a decent starter in a season where the Expos never came close to the playoffs.
While that trade looks bad because Colon was gone in half a season and the other three are having great careers, Vernon Wells will probably have a decent career for quite some time on the Angels. The fact that Wells is a good player is not being disputed by many; this trade looks worse on paper. Wells' salary will not make his production worth it, and the Angels gave up the two following players:
Mike Napoli hit 20 homers for the third straight season in 2010, keeping up his reputation as a great power hitter for a catcher. Napoli has always been a minus defensively, but his bat makes him a valuable commodity to a contending team, especially since power out of the catcher spot is hard to find. Immediately after being traded to Toronto, the Blue Jays turned around and swung him to Texas. Napoli is a great player to have on a winning team, which the Rangers figure to be in 2011.
To be sure, Vernon Wells has had a nice career. He was a consistent cog in the Toronto outfield for almost the entire 2000s. From 2002-2010, Wells averaged .279 with 25 homers, 89 RBI, 9 steals, and a total 28.0 offensive WAR over that time period. Despite two subpar seasons in 2007 and 2009, it's hard to look at the stat sheet and not realize he was a great player for some time.
Now here's where it gets really, really ugly. Vernon Wells enjoyed one of his best seasons in 2010, swatting 31 homers and 88 RBI. But even that isn't good enough to live up to his contract. The 32 year old Wells hit 16 or less homers in both 2007 and 2009 (in full seasons), providing for a real head scratcher as to why the Blue Jays would reward a 'slugger' with those gaping holes in the stat sheet with 7 years, $126 million. Although the deal was signed in December 2006, it didn't go into effect until 2010, the first year of the deal. Wells made over $15 million in 2010, but it gets worse. Wells' deal runs for four more seasons, so he'll be 35 at the end, over which time the Angels are due to pay him around $86 million. In 2011, he's due $23 million and will be due $21 million in 2012, 2013, and 2014. The $23 million he will make next season was higher than any non-Yankee in baseball. Miguel Cabrera was the only player not playing in New York to earn $20 million in 2010, giving you an idea of what Wells' salary will be compared to. Remember, although Wells has had some good seasons like 2010, he had two very bad seasons for a player who is being paid to drive the ball and these two seasons were recent. Look at his stats page, scroll down to the Standard Batting chart, and notice the two seasons I've highlighted in blue.
So he's getting paid. Like seriously paid. Big time dough. All that cash for a guy who's being paid for the run production, but is well past his peak and proof of that comes in the form of those two awful seasons that were 2007 and 2009. And all that cash for a guy who had his best season, like, eight years ago. His career highs in games, at-bats, plate appearances, runs, hits, doubles, homers (only 33), RBI, batting average, on-base percentage, slugging percentage, OPS, total bases, and even times hit by pitch, all came in 2003. In 2003, he had lineup protection in Carlos Delgado behind him and table setters in Frank Catalanotto and Shannon Stewart in front of him, all three of whom are now out of the Majors. Heading to the Angels, his only table setters will likely be Howie Kendrick and/or Erick Aybar, and his only lineup protection will be Torii Hunter. The setup was better on the Blue Jays, and although a change of scenery could help him, his ceiling is low because there's no chance he will do much better than his 2010 output, if he even gets to that mark. His career high of 33 homers in 2003 is nowhere near the career highs of the sluggers he is being to hit like.
In conclusion, I think the Vernon Wells trade is the worst trade of recent baseball history, worse than the Bartolo Colon deal. Angels GM Tony Reagins had taken a lot of criticism nationwide for his whiffs on Jayson Werth, Carl Crawford, and Adrian Beltre. This move was, without doubt, a desperation move to try to compensate for missing on those elite players. But not only does Reagins have to give up two decent players in Napoli and Rivera, he is now stuck with what most baseball experts cite as 'baseball's most untradeable player' in Wells and his enormous contract. In the Bartolo Colon trade of 2002, Colon was gone by that offseason and although this didn't give the Expos much value, it also didn't tie down their future, either. Cliff Lee, Grady Sizemore, and Brandon Phillips all went on to be great players, but it's unlikely the Expos would have been able to resign all three or even two once they became established stars. And now the Angels will have limited financial flexibility for at least the next offseason due to this contract monstrosity. So while Wells may be smiling ear to ear to be out of Toronto where he never made the playoffs, Reagins won't be in four years.
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