The remaining all-free agent team

Prince Fielder is the biggest catch remaining in baseball's pool of free agents. Jerry Lai/US Presswire

There are still some good free agents out there, perhaps even a few bargains. What kind of team could you buy if you signed the best of these guys? Let's find out. Here's a 25-man roster of unsigned players, with estimated salaries and WAR (wins above replacement). Would it be a competitive team?

C: Chris Snyder

Snyder is coming off back surgery, but it's a thin lot of available catchers. He's been up and down in his career with his bat, but will draw some walks and has a little pop.

Projected salary: $2.5 million

Projected WAR: 1.0

C: Ramon Castro

The career backup never landed in the right place at the right time, but he can he hit left-handed pitching and provides a capable 200-plate appearance backup.

Projected salary: $1.2 million

Projected WAR: 0.6

1B: Prince Fielder

We're going to empty our pocketbooks and have the big guy anchor our lineup. We'll sign him to a seven-year, $165 million contract, but we'll backload the deal. That way, if we get fired, it screws the next GM.

Projected salary: $20 million

Projected WAR: 5.0

2B: Ryan Theriot

Honestly, he doesn't bring a whole lot to the table other than a proven ability not to be horrible. He'll hit an empty .270 or so and play capable defense.

Projected salary: $2 million

Projected WAR: 0.7

3B: Carlos Guillen

Third base is a bit of a problem so we'll have to gamble on Guillen. He's missed a lot of time the past three years, so we'll sign him to a low base salary with incentives if he remains healthy. Considering the production of third basemen in the majors in 2011, he could produce at a league-wide average for the position.

Projected salary: $1.5 million plus incentives

Projected WAR: 1.0

SS: Ronny Cedeno

No, a shortstop who hits .249/.297/.339 isn't ideal, but Troy Tulowitzki isn't available in this scenario. Still, Cedeno was a 1.5 WAR player in 2011 and there's no reason he can't duplicate that effort again.

Projected salary: $4 million

Projected WAR: 1.5

RF: Carlos Beltran

We need another big bat and Beltran is still out there. He's been compared to Michael Cuddyer, who signed a three-year, $31.5 million deal, so Beltran figures to go in a similar range. The good thing is he's better than Cuddyer. Even if he drops off a bit from his strong 2011, he'll be a productive player.

Projected salary: $12 million

Projected WAR: 3.5

LF: Luke Scott/Andruw Jones

We're going with a platoon here, hoping for Scott to bounce back but signing Jones to play against left-handers. Scott hit .264 and slugged .499 from 2007 to 2010, so we think he has something left in the tank. Jones had a .923 OPS against left-handers in 2011.

Scott's projected salary: $5 million

Scott's projected WAR: 1.9

Jones' projected salary: $3 million

Jones' projected WAR: 1.1

CF: Coco Crisp

We're going to want a good flychaser in center and Crisp is a solid defender who also led the AL with 49 stolen bases. His OBP fell to .314 in 2011, so we should be able to sign him for a decent salary.

Projected salary: $6.5 million

Projected WAR: 2.0

IF: Brooks Conrad

He's an insurance policy for Guillen as someone who could provide some pop off the bench and also play second base in a pinch.

Projected salary: $800,000

Projected WAR: 0.6

IF: Jack Wilson

Ugh. But considering Conrad isn't a glove guy (in fact, I'm not sure he even wears a glove in the field), we better sign Wilson as infield insurance. No, we don't like this move, especially considering Wilson's propensity to get injured while filing his fingernails.

Projected salary: $1.4 million

Projected WAR: 0.0

OF: Rick Ankiel

We wanted to sign Cody Ross here, but he's a little expensive for a fourth outfielder (although isn't that what he should be?). Ankiel can play center and provide a left-handed pinch-hitter off the bench.

Projected salary: $1.5 million

Projected WAR: 0.5

OK, now to the pitching staff, which will have to be the strength of our team.

SP: Roy Oswalt

For all the talk about his injury history, 2011 was his first season he didn't start 30 games since 2003. A bad back is always a concern but this was a guy who led the NL in WHIP in 2010. Jerry Crasnick recently reported that Oswalt wants to show he's healthy and is thus willing to take a one-year deal and aim for a bigger contract after 2012. Perfect.

Projected salary: $10 million

Projected WAR: 3.0

SP: Hiroki Kuroda

The Yankees reportedly offered Kuroda a one-year, $12 million deal. Sounds good to us.

Projected salary: $12 million

Projected WAR: 2.8

SP: Javier Vazquez

Yes, we are going to force Javy out of his rumored retirement. He had a 2.15 ERA in the second half last season, so he's far from finished.

Projected salary: $10 million

Projected WAR: 2.5

SP: Joe Saunders

The Diamondbacks declined to offer him a contract, making him a free agent. We're not in love with his soft-tossing style, but he's a solid innings eater for the back of the rotation.

Projected salary: $8 million

Projected WAR: 1.8

SP: Paul Maholm

He may be a little expensive for a No. 5 starter, but we like durability in our rotation. He was 6-14 with the Pirates in 2011, but that was a misleading record for a guy with a 3.66 ERA (4.36 career).

Projected salary: $6.25 million

Projected WAR: 1.5

Closer: Ryan Madson

Baseball's most underrated reliever the past few seasons, Madson finally got a chance to close regularly in Philadelphia and did an outstanding job. His changeup is one of the best pitches in the game and we feel we can bring him in for slightly under his rumored asking price.

Projected salary: $9 million

Projected WAR: 1.7

RP: Hong-Chih Kuo

Kuo was unhittable in 2010, holding opponents to a .139 average and one home run in 60 innings, but developed his usual elbow problems in 2011 and had minor surgery after the season. He's a risky signing but with the potential of a big payoff.

Projected salary: $2.5 million

Projected WAR: 1.0

RP: Chad Qualls

A fungible middle reliever, the right-hander got pounded in 2010 but bounced back ... albeit in San Diego, so he's not necessarily a sure thing. But he's a veteran with a rubber arm. He's not as good as Octavio Dotel, who signed for $3.5 million, so we'll sign him for under that.

Projected salary: $2.3 million

Projected WAR: 0.8

RP: Darren Oliver

Doesn't every team need a veteran left-hander? Oliver has now had an ERA under 3.00 four straight seasons.

Projected salary: $2.7 million

Projected WAR: 1.1

RP: Micah Owings

He can be a long man, spot starter or even pinch-hitter!

Projected salary: $1 million

Projected WAR: 0.4

RP: Clay Hensley

After a strong 2010, his control deserted him in 2011 and he walked 30 batters in 67.2 innings and served up nine big ones. But we'll take a flyer to see if he can rediscover his 2010 groove.

Projected salary: $1 million

Projected WAR: 0.5

RP: Jamey Wright

Yes, we could sign Francisco Cordero, but bringing in two closers isn't realistic. Wright is cheap, mediocre and the perfect 11th or 12th guy on a staff.

Projected salary: $900,000

Projected WAR: 0.5

Total payroll: $127.05 million

Projected WAR: 37.0

How good would this team be? A team of replacement-level players would be estimated to win about 48 games, so our team with +37 WAR would be estimated to win about 85 games. Obviously, there's a wide range in there; if everybody stayed healthy and we had some big years, maybe it could win 90. On the other hand, there are a lot of injury risks on this roster, so the downside could be pretty extreme. Plus, there's the simple fact that a $127 million payroll is high -- that's about what the White Sox's payroll was, which ranked fifth in the majors in 2011.

If only we had a few good rookies making the league minimum to supplement the free agents!