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Then why aren't the Whitey Ford cards similarly degraded despite him having Richardson, Clete Boyer, Mickey Mantle in the field ---all great defensive players---that theory just doesn't hold up.
Well, in 1956, the SOM management didn't think the Yankees defenders were great. Bias against Yankees players?
In 1956, Jerry Coleman was splitting time at ss with McDougald, and he was rated (at least in ATG) as a ss-4. Range at 2b was 2 at best (Richardson was not playing). Mantle (deservedly or not) was rated cf-2. This explains why Ford has a nice 6.70M card despite a whip of 1.20.
In 1975, the year Palmer had his best WHIP at 1.03, the Orioles won 4 gold gloves 1975: Brooks Robinson (3b) – Paul Blair (of) – Bobby Grich (2b) – Mark Belanger (ss). So SOM had no other choice than put the hits on Palmer's card as they couldn't come from the defensive charts. That's why he got only a 6.50M salary despite his wonderful 1.03 WHIP.
If I remove hits from Palmer's card to reflect the same defensive ratings as the 1956 Yankees, his salary would jump to 7.60M (in my own estimation). And if I further do a stadium adjustment (applying the hit ratings of Yankees Stadium to Memorial Stadium), I would probably see a jump of Palmer's salary into the 8M-8.5M zone (some homeruns would be removed from his card and applied to the ballpark rolls instead). Ford best card is at 7.78M.
It's mathematical. Nothing against Palmer, I'm pretty sure.