Sunday, November 04, 2012

2012 A.L. Catchers



Every year, it's pretty much the same deal. We pay a fairly healthy amount for our catchers and they fail us to one degree or another.

Ten Most Expensive A.L. Catchers 2012
#
Player
$
Sal
+/-
CBS
LABR
TW
PK
2011
1
$15
26
-11
27
24
28
25
$17
2
$16
23
-7
26
22
22
22
$16
3
$11
21
-10
21
23
19
21
$25
4
$25
19
6
16
20
20
18
$8
5
$8
18
-10
19
17
17
18
$20
6
$16
13
2
14
15
11
10
$8
7
$10
13
-3
12
13
14
9
$11
8
$9
10
-1
11
9
11
9
$13
9
$10
10
0
12
9
10
8
$10
10
$0
9
-9
9
9
9
9
$9
Average
$12
16
-4
17
16
16
15
$14


For the third year in a row, the A.L. market shelled out an average of $16 for the players they thought would be the best catchers in the American League. And - for the third year in a row - the market took a moderate loss.

An argument can be made that since these prices don't account for position scarcity that losing $4 per catcher on average isn't as bad as losing $4 per player at another position. And I'd agree with that argument...to a point. Getting $9 worth of stats out of a $10 Martin or even $10 worth of stats out of a $13 Arencibia isn't a bad proposition. The problem is that half of the hitters on this list lost their owners $7 or more last season. Wieters obviously wasn't worthless last season, but $16 on a $23 investment isn't a win regardless of what position you play.

Hidden in the boring news that the average price for catchers hasn't budged is the flattening of the expert market since 2010. Seven catchers went for $10 or more in 2010, eight in 2011, and nine this season. The average prices stay the same because the top catcher is getting less. Mauer went for $45 in CBS in 2010 while only going for $30 in LABR and Tout. He's the most extreme of the extreme examples, but in the past CBS used to push up the salaries of the best players. Depending on what your league looks like, this either made the expert market look absurd or made it look more like your league if LABR and Tout are too conservative for your liking.

In the past I'd spend more time talking about the faux competition between CBS, LABR, Tout Wars and Rotoman's prices (represented here by Peter Kreutzer's real life initials, PK), but why bother? There are only two outliers here: CBS' $26 price on Wieters and their $16 price on Mauer. Everything else is within $3 or less of at least one of the expert leagues. I was at both the CBS and Tout Wars auctions. The $27 price for Santana seemed crazy when CBS auctioned, but Tout Wars topped that price at $28.

No one swings for the fences behind the dish anymore because the fences are almost impossible to reach.

Top 10 A.L. Catchers 2012
#
Player
$
Sal
+/-
CBS
LABR
TW
PK
2011
1
Joe Mauer
$25
19
6
16
20
20
18
$8
2
$19
8
11
6
8
9
8
$11
3
Matt Wieters
$16
23
-7
26
22
22
22
$16
4
Ryan Doumit
$16
13
2
14
15
11
10
$8
5
Carlos Santana
$15
26
-11
27
24
28
25
$17
6
$12
1
11
1
1
1
1
$3
7
$11
6
6
5
10
2
2
$6
8
Mike Napoli
$11
21
-10
21
23
19
21
$25
9
Jarrod Saltalamacchia
$10
10
0
12
9
10
8
$10
10
J.P. Arencibia
$10
13
-3
12
13
14
9
$11
Average
$14
14
0
14
15
14
12
$12

Mauer was the only catcher to crack the $20 barrier last year. In 2011, Victor Martinez ($26), Napoli ($25), and Avila ($20) did it. In 2010 it was Mauer ($23) and Martinez ($21). Why spend over $25 when it's almost certain you're going to take a loss?

Another reason you might want to hang back is because there are a lot of double-digit earners. For the second year in a row, at least 10 catchers earned $10 or more. Why pay over $20 for guys like Wieters or Santana when there's a good chance that you're going to get double-digit production from at least one of your catchers?

While you might not want to overpay, you probably should pay something. The fliers are few and far between, and the only flier that really worked out was John Jaso.

Jaso's the guy everyone dreams about when they throw a $1 at their second catcher: a double-digit earner that costs next to nothing.

He's the extreme exception, though. Going back to 2009, Jaso is the only catcher that has cost $3 or less and earned double-digits at the position. He also did it in 2010, earning $10 as a true free agent: a player that CBS, LABR, and Tout Wars all passed on.

The reason we don't wait for the Jasos of the world is because cheap catchers don't offer a lot of upside.

All $1-3 Catchers, 2012 American League
Player
$
Sal
+/-
CBS
LABR
TW
PK
2011
$2
3
-1
4
2
4
5
$9
$3
3
0
3
4
2
3
$2
$7
2
5
3
2
4
$0
2
-2
1
3
1
R2
$2
-$2
2
-4
1
2
2
2
$1
$5
1
3
3
1
2
$5
$4
1
2
1
3
1
$1
John Jaso
$12
1
11
1
1
1
1
$3
$4
1
3
1
1
$2
$2
1
2
1
1
1
$3
$0
1
-1
1
1
R3
$5
$2
0
2
1
2
$3
$1
0
0
1
1
$4
Average
$3
1
1
1
1
1
2
$3

Eight of the 13 catchers here earned $3 or less, while six of them took a loss.

Breaking even on a player here or a player there is fine, but breaking even on your entire team is the road to a 7th place finish. Your goal with players that you spend next to nothing on is to turn a profit, even if it is only a small one.

The counterpoint to all of this is that the idea behind buying one - or even two - $1 catchers is not to turn a profit but rather to avoid a loss. That is to say pushing your money in on a $15 catcher that is going to crash and burn and earn $4 is a waste of your money. 

But - despite the failures like Avlla, Napoli, and Santana - that's not what happened last year. With so many catchers offering a double-digit return, there is an opportunity to sneak two productive catchers onto your roster if your league has owners that embrace the $1 catcher theory. My A.L.-only home league does, so I take the opportunity to buy at least one catcher at $10 or more every year. Take what the room is going to give you...especially since it doesn't matter what the room does at the end when there's nothing left to buy.

So while I started out this piece talking about how catchers “fail” us, in the last couple of years that’s not quite what has been happening. Yes, catchers are losing money against our bids. But catchers are also doing something that we need them to do: provide stats. You don’t want to go too far out on a limb. But in a market where both the endgame and free agent cupboards are bare, you do want to make sure to get some productivity behind the dish.



1 comment:

Eugene Freedman said...

Love this stuff. My favorite part of the site is the retrospective analysis.