When most look at closers, it is obvious that some of them benefit by being named the closer. I mean, shoot, exhibits A and B should make my point clear: Armando Benitez and Jorge Julio. Sure, they have performed in that role in the past, but at some point they were no longer fit for the role. In this regard, I have decided to evaluate relief pitchers (RP) in terms of performance and usage. I am going to be using stats from THT and Fangraph in this regard. The variables that I will be using either are directly from these sites or are slightly modified:
Runs Created per Innings Pitched
K's per game
BABIP (DER)
FIP
K/BB
pLI (Leverage Index)
Save Opportunities
Holds
Games Played
First of all, the main contention here is that saves are... somewhat predictable. Obviously, one of the things that needs to be reviewed is past performance. In that, save opportunities are fickle. I prefer to think of them as closer opportunities (CLO). I use a relatively simple equation to consider how a reliever is used:
CLO = ((Save Opportunities / Games Played) + (Holds / Games Played) * (SQRT (0.5 + pLI))
The intent of this formula was based on two different things: 1) I wanted a variable that had a maximum value of 1 and this is what I have done with the first part of the equation for save opportunities and holds and 2) I wanted to directly factor in how that relief pitcher is used in terms of situations. That is how I decided to come up with what I term CLO. I added 0.5 to the pLI value of the square root because if a value is below 1, then it skews those data points. Before I look at my other variables, I wanted to show who the top 25 AL relief pitchers were in terms of CLO:
| Rnk | SV O | Hld | CLO | |||
| 1 | Joe | 53 | 0 | 1.292 | ||
| 2 | Francisco | 46 | 0 | 1.159 | ||
| 3 | Todd | 44 | 0 | 1.152 | ||
| 4 | Bobby | 46 | 0 | 1.080 | ||
| 5 | Jonathan R | 40 | 2 | 1.058 | ||
| 6 | Joe | 41 | 0 | 0.953 | ||
| 7 | Jeremy | 35 | 2 | 0.918 | ||
| 8 | J.J. | 42 | 0 | 0.910 | ||
| 9 | Scot | 8 | 31 | 0.790 | ||
| 10 | Rafael | 6 | 31 | 0.785 | ||
| 11 | Huston L | 21 | 5 | 0.781 | ||
| 12 | Akinori | 7 | 11 | 0.776 | ||
| 13 | Eric | 17 | 1 | 0.774 | ||
| 14 | Alan | 21 | 16 | 0.771 | ||
| 15 | Mariano | 34 | 0 | 0.763 | ||
| 16 | Joakim A | 21 | 9 | 0.731 | ||
| 17 | Hideki | 7 | 27 | 0.729 | ||
| 18 | Al | 30 | 0 | 0.724 | ||
| 19 | Casey C | 11 | 24 | 0.721 | ||
| 20 | Chris | 20 | 0 | 0.721 | ||
| 21 | Joel M | 5 | 8 | 0.693 | ||
| 22 | Joaquin | 13 | 19 | 0.650 | ||
| 23 | Justin | 1 | 24 | 0.622 | ||
| 24 | C.J. | 14 | 15 | 0.588 | ||
| 25 | Jamie | 13 | 21 | 0.571 |
One of the first things that jumps out at me is, is that yes, the relief pitchers with the most save opportunities did occupy the top 8 spots as expected; however, beyond that point, the order changed a little bit. Scot Shields and Rafael Betancourt had more opportunities to ‘close’ a game than illuminaries like Mariano Rivera, Eric Gagne and Huston Street. Since this is rate based, it does not matter if a player was injured in terms of volume. However, it does show that the kiddy gloves were used for Eric Gagne when he was in Texas and for Huston Street. Now, it may not seem that these values in and of itself does not seem very enlightening. I plan on changing that thought because what I am angling towards is, is that a relief pitcher may seem more effective because of the volume of saves or because one’s ERA is well-below league average and I am aiming to further dispel this mirage.
I won’t lie; a large part of the reason to put forth this effort is because I participate in fantasy sports. And so now I shall take a several other stats from THT: Runs Created per Innings Pitched, K's per game, BABIP, FIP and K/BB. The reason why I look at these is because they indicate to me performance and if their efforts (i.e. numbers) are sustainable. Honestly, I use these all in an equation to calculate a RP value for my auction fantasy leagues, which is an NL-only league. So, without further rambling, here is my equation:
RP Auction Fantasy Value = SQRT (2.5 * CLO * RC/IP * K/G * (1 + (0.700 – DER)) * K/BB * (9 – FIP))
I use 2.5 as my normalizing constant simply by choice and without any basis other than I liked the way those values shaped up. I typically like to look at 3-year trends to do fantasy values, but I feel that that can get thrown right out when looking at closers because RP just are too fickle. So I tend to use just the previous year to evaluate them for the next. Plus, it depends on the manager and if they change or if a player gets traded. Before I present my top 20 values for AL RP, I would like to add a couple of more comments based upon unique pitching events that occurred on average from 2000 – 2007.
1) 4.57 pitchers per AL team accrued a save,
2) 8.36 pitchers per AL team accrued a hold,
3) The average NL team had 1.04 more pitchers accrue a hold than their AL counterparts and,
4) The average AL team had 0.15 more pitchers accrue a save than their NL counterparts.
This tells me a couple of things:
1) One player does not accrue all of the saves for a team; on average, more than 4 players do. This means that one should, obviously, never consider a RP to be ‘their’ closer for the whole year,
2) There are twice as many pitchers that get a hold per team than a save. This means that there a lot of pitchers that run into the opportunity to demonstrate their effectiveness and therefore those that are successful COULD run into the opportunity to pick up a save here and there. This further strengthens the notion that a standard roto fantasy baseball owner should strongly consider obtaining a high-quality relief pitcher before they ruin their other stats for a SP who will likely gather more wins to their credit (exhibits A and B are: Livan Hernandez and Matt Morris) because these RP will probably garner a comparable strikeout total.
3) NL teams use more RP than AL teams do. This indicates that the RP of an NL team is not as likely to be given the opportunity to close out a game if they are not the designated closer. This makes sense as NL pitchers are pulled out frequently for pinch-hitters, but this may not be the only root cause.
4) It is difficult to know if that if there is any real rationale behind AL teams averaging more unique pitchers with a save than NL teams, but in the very least it does help solidify the concept that every fantasy owner (and real-life GM) should expect a team will have 4+ pitchers who ‘save’ a game and therefore fantasy owners should take a chance on that Kevin Gregg this year.
So, with these new equation in tow, I am presenting to you the top 25 fantasy values in dollars for AL RP is thus:
| Rnk | | F.V. | |||
| 1 | Jonathan R | 35.9 | |||
| 2 | Rafael | 35.7 | |||
| 3 | J.J. | 33.4 | |||
| 4 | Joba L | 31.5 | |||
| 5 | Joe | 24.1 | |||
| 6 | Mariano | 21.3 | |||
| 7 | Huston L | 21.0 | |||
| 8 | Bobby | 20.8 | |||
| 9 | Francisco | 20.1 | |||
| 10 | Joakim A | 18.8 | |||
| 11 | Hideki | 16.4 | |||
| 12 | George F | 15.0 | |||
| 13 | Joaquin | 13.9 | |||
| 14 | Rafael E | 13.6 | |||
| 15 | Justin | 12.9 | |||
| 16 | Eric | 13.1 | |||
| 17 | Jeremy | 12.8 | |||
| 18 | Joe | 12.7 | |||
| 19 | Akinori | 11.5 | |||
| 20 | Scott | 10.8 | |||
| 21 | Scot | 10.0 | |||
| 22 | Al | 9.9 | |||
| 23 | Alan | 9.6 | |||
| 24 | Chris | 9.4 | |||
| 25 | Manny | 8.6 |
I chose to look at the top 25 because I thought that it was interesting that while Scot Shields was ranked very high on obtaining closer opportunities; it is not justified. He tumbles 12 spots to #21. Although Justin Speier had an opportunity in Toronto before, he appears to be a better candidate now than Shields. Although it is obvious, it is also quite interesting that there seems to be two RP that would be better candidates to close a game out than Cleveland’s Joe Borowski in Rafael Betancourt and Rafael Perez. I did not institute a minimum amount of playing time and that is why Joba Chamberlain appears so highly rated on the list. It is not that he did not deserve it in his limited playing time, but it is just that: limited, but it also may mean that Joba may stay in the bullpen permanently as the heir apparent to Rivera. Joaquin Benoit seems to be the better choice for ‘closer’ when compared to CJ Wilson. This list helps reinforce the notion that just because a RP has the closer title; it does not mean that he has earned it through his accomplishments. As similarly to Borowski, Todd Jones falls from #3 on the CLO list to #38 in RP value as their 5.07 and 4.26 ERA, respectively, shows.
So, in summary, I would strongly consider picking up the following ‘set-up men’ for the AL:
1) Rafael Betancourt
2) Joaquin Benoit
3) Al Reyes
4) Hideki Okajima
5) Scot Shields
I would comment that George Sherrill appears to have the inside lane to be the closer in Baltimore this year; however, in that, the appropriate hand-cuff is likely to be Chad Bradford per last year’s data even though Jamie Walker had more opportunity because Sherrill is also a LHP.
One last side comment, do not expect for Troy Percival to be anywhere as successful as he was last year. This may seem obvious, but he was rarely used in any high leverage situations, let alone with a save opportunity or hold. This also does not factor in that he is going from the much weaker NL Central to the AL East. The 3-year park effect seems to be fairly neutral. My recommendation of Al Reyes is not so much that he is a strong RP, but it is more so that he has been entrusted this role prior and Percival is not likely to repeat his performance of 2007.
Anyway, I hope anyone who might read this enjoyed my 2nd post. Next, um, I am actually going to support these numbers by going back in time a few years and look at all of the change in closers in combination with maybe… just maybe doing some regression analysis. See ya.