There’s a perception that participating in the Home Run Derby makes a player more likely to have a poor second half, with the people who put forth that argument focusing on a handful of prominent cases for support. However, as Derek Carty of The Hardball Times showed in a study last year, reality doesn’t match perception:
He also found that even when participants advance to the later rounds of the Home Run Derby or hit an exceptional number of homers during the contest “we still don’t see any signs of a second-half decline” from the whole sample size being studied. I’m just fine with players turning down Home Run Derby invites for whatever reasons--because, really, who cares?--but to blame the contest any time a participant has a poor second half is off base.