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Friday, March 29, 2013

Felix Verlander

By Tangotiger 01:35 PM

And the pairing just keeps on pairing.  Three years ago, they signed nearly identical 5/80 deals.  And two years later, they got nearly identical 5/135 extensions.  (Verlander got a bit more, in return for a team option beyond that.) 

But their career stats are ridiculously similar.?  Both have been in the league 2005-2012.  They are six starts apart, Felix has a slightly better ERA, but when adjusted, Verlander is a bit ahead.  Felix is ahead by 33 strikeouts, but with ten more walks.  Any fan, any scout, and player, they'll think the same thing, when they look at their overall careers.  And while Verlander may be ahead today, he's older, and therefore more likely to lose value than Felix by the end.  So that, overall, they may indeed be equals over the five years of the extension.

Where they do differ is the W/L record, with Verlander at 124-65, and Felix at only 98-76.  But all of us, the fans, the scouts, and the players, we've all decided to give the middle finger to the W/L record.  It's a relic that adds nothing, once you consider everything else.  The GWRBI died a quick and painless death.  Such is the power of inertia, that it can disguise itself as a longstanding tradition, and fool those who don't want to think too much about it.   The W/L record had zero impact on Verlander/Felix contracts.  It has zero impact if you watch baseball.  So, stop looking at it, just because someone has decided to keep counting it.  It's dead already.

I leave you with this list, pitchers with at least 3700 batters faced (half of CC's league-leading total), 2005-2012, of WAR per 1000 batters faced, according to Baseball Reference:

WAR/1000PA   6.7  Josh Johnson  6.6  Roy Halladay  6.3  Clayton Kershaw  6.1  Johan Santana  5.6  CC Sabathia  5.6  Justin Verlander  5.5  Jered Weaver  5.3  Roy Oswalt  5.2  Cole Hamels  5.2  Chris Carpenter  5.1  Jon Lester  5.1  Cliff Lee  5.0  Matt Cain  5.0  Felix Hernandez  4.9  Zack Greinke

Say hello to Clayton Kershaw, the first MLB pitcher that will be guaranteed 200MM$ when he signs his next contract.  And Josh Johnson has a chance to be the best pitcher that time forgot in twenty years.


#1    Guy 2013/03/29 (Fri) @ 14:38

Total quibble, but isn’t it WAR per 27 outs (or WAR per 225 IP) that we want to use to compare pitchers, rather than per 1000 BF?


#2    Tangotiger 2013/03/29 (Fri) @ 14:51

That’s a good quibble.  I was thinking about that too, and the list works out very similar either way.

However, what I really wanted was not IP, but “adjusted IP”, since after all, we’re adjusting for outs by fielders, etc.  Voros goes through this huge process when he does DIPS, and that’s the best way to do it.

Basically, by NOT using IP, I was leaving that question open.


#3    Tangotiger 2013/03/29 (Fri) @ 16:39

I just read another “albatross” note, this time about Verlander.

Let’s say you have these two payouts for the next 7 years:
20 34 1
20 31 2
28 28 3
28 25 4
28 22 5
28 19 6
28 16 7

With a 4% discount rate, both are present-value 158MM$.

After 5 years, the first deal has 56MM$ to go, while the second deal has 35MM$ to go.  But it doesn’t matter!

That’s because the first deal had a huge discount.  They “backloaded” the first deal.  Just because it’s the same payout doesn’t matter.

It’s like when you pay your life insurance.  It’s HUGELY front-loaded.  If you went year-to-year, you wouldn’t pay say 200$ every year.  You’d probably start at something low like 50$, and by the 10th year, you’d be paying 500$ (or whatever).  But by paying the same annual premium, it’s actually front-loaded.

Similarly, all these baseball deals are backloaded.  There is no albatross.


#4    rwperu34 2013/03/29 (Fri) @ 18:04

The problem is years 1 and 2 were already locked in. This not a 7/180 contract, it is a 5/140 extension. So this is what the two deals actually look like;

28 28 1
28 25 2
28 22 3
28 19 4
28 16 5


#5    MGL 2013/03/29 (Fri) @ 21:10

I just want to point out that because the AL has had much the stronger pitching over the last several years (at least since 2009), that you cannot really fairly compare the AL and NL pitchers on this list, unless there is a league adjustment in the WAR numbers? Is there?

I suspect not (or at least not enough) since the NL pitchers dominate the list and especially dominate the top of the list.


#6    rwperu34 2013/03/29 (Fri) @ 22:08

At a glance, I’d say this list is about 60:40 in favor of the AL. Don’t forget, Santana threw half of his innings in the AL during this period (and 3 of his 4 top WAR years), Halladay over 60%. Lee was over 2:1 in the AL and Greinke over 3:1. Johnson and Kershaw have gaudy per PA totals, but have faced the fewest batters on the list.


#7    Tangotiger 2013/03/29 (Fri) @ 22:26

rwp: it’s an illustration.  The point stands.


#8    MGL 2013/03/29 (Fri) @ 23:59

Do they adjust for the league? If so, by how much? Last year, the AL was probably around .1 to .2 rpg better in pitching and in 2011, it was likely a lot more than that (estimated from IL play and looking at pitchers who changed leagues).


#9    Tangotiger 2013/03/30 (Sat) @ 00:08

I think Sean does.  I don’t remember if David does.  For the last ten years, I give a blanket +.01 wins per 9IP to AL pitchers, and -.01 to NL pitchers.

So, it’s about a quarter win per season per full-time starter adjustment, up or down.


#10    MGL 2013/03/30 (Sat) @ 02:39

So around a .2 rp9 difference over the last 10 years. That sounds about right, although it actually varies a lot from season to season.


#11    Tangotiger 2013/03/30 (Sat) @ 07:51

Right.  I mean, even just Halladay and Lee moving from the AL to the NL, and the AL filling them up with replacement pitchers, and that’s going to be enough to explain about 40% of the gap on the pitching side.


#12    MGL 2013/03/31 (Sun) @ 01:44

Right one rough and interesting method of estimating the change in relative strength between the two leagues from year to year is to look at players who change leagues, as in your Lee/Halladay example (you figure 2 runs per 9 innings as the difference between an ace and a replacement pitcher, times 25 (225 IP per pitcher), so a 50 run gain or loss for each league, which is .04 rpg, figuring an average of 1215 games per league).

I hope I did that right. The AL loses .04 rpg (run scoring goes up) in pitching, and the NL gains .04 rpg.

Then you look at players who debut, and either how they performed.

Then you look at players who retired (usually bad players), or were unexpectedly injured.

That will give you a rough idea of the change in relative strength between the two leagues from one year to the next.

You can also look at average age of the players, weighted by PA of course. For hitters, the older the worse they will be the next year. For pitchers, it is not as clear.


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