Friday, January 04, 2013

2012 A.L. Relievers


In fantasy terms, what happened last year to American League relievers was historic.

Ten Most Expensive A.L. Relievers 2012
#
Player
$
Sal
+/-
CBS
LABR
TW
PK
2011
1
Mariano Rivera
$3
22
-18
21
21
23
22
$23
2
Sergio Santos
$0
18
-18
19
17
18
16
$17
3
Jose Valverde
$15
18
-3
19
16
19
19
$22
4
Jordan Walden
$5
17
-12
19
16
17
16
$17
5
Joe Nathan
$21
17
4
17
17
16
16
$7
6
Brandon League
$3
16
-13
16
15
17
15
$17
7
Andrew Bailey
$0
16
-16
17
15
16
$11
8
Kyle Farnsworth
$2
15
-13
15
13
16
5
$17
9
Joakim Soria
12
-12
18
17
$13
10
Matt Capps
$7
11
-5
13
10
11
12
$8
Average
$6
16
-10
17
16
15
12
$15

Bombarding everyone with charts seems lazy, but this next one is an important framework for this discussion.

Ten Most Expensive A.L. Relievers 2009-2001
Year
$
Cost
+/-
CBS
LABR
TOUT
2011
$14
$19
-$5
$21
$21
$23
2010
$16
$19
-$3
$19
$16
$19
2009
$15
$22
-$7
$19
$17
 $18

You would expect that seasoned fantasy/Rotisserie players would have recognized that 2012 was an anomaly in terms of ROI. But fantasy players have short memories and continued throughout last year to incorrectly assume that closers have universally been terrible investments forever and ever.

The real answer to this question is that closers are typically subpar investments but in 2012 they were terrible investments.

Much of this was due to injury. Rivera, Santos, Bailey, Farnsworth, and Soria all lost significant time to injury. While one or maybe two top closers are lost to injury early, to lose five is unprecedented.

Rotoman's values come out after all of these expert auctions take place, so his $12 average bid limit on a group of six dollar earners seems like a more accurate assessment if you auction on or near Opening Day (like many of us do). This is still a poor return, but not nearly as horrific as $6/$16.

So 2012 is a difficult year on which to perform any kind of serious kind of analysis. There is no discernible trend to examine and pontificating on whether or not this trend will continue in 2013 is silly (it almost definitely won't).

Next Ten Most Expensive (11-20) A.L. Relievers 2012
#
Player
$
Sal
+/-
CBS
LABR
TW
PK
2011
11
Matt Thornton
$8
11
-3
13
10
11
7
$5
12
Chris Perez
$17
11
6
14
9
10
12
$16
13
Jim Johnson
$23
9
14
12
9
7
10
$14
14
Grant Balfour
$20
8
12
5
7
12
11
$11
15
Alexi Ogando
$10
7
4
4
6
10
3
$18
16
Addison Reed
$11
6
6
7
7
3
3
$0
17
Vinnie Pestano
$12
4
8
1
7
4
3
$10
18
David Robertson
$10
4
6
5
4
3
3
$14
19
Mike Adams
$6
4
2
2
4
5
4
$5
20
Greg Holland
$15
3
12
1
2
7
8
$14
Average
$13
7
7
6
7
7
6
$11

There is a great deal of rallying in the second tier. Perez, Johnson, and Balfour all do what they are paid to do and then some. Holland picks up the slack for Soria (and perhaps for Soria's owners). But some of the earnings here are from Ogando, Pestano, and Robertson: pitchers that started out as set-ups and stayed set-ups.

This chart is Exhibit A for why you must make sure you buy non closers in deep formats. Every pitcher here earned $6 or more. I don't like the idea of spending more than $1-2 on set ups, but most of these pitchers were either closers or getting paid like they might be closers. Even the $7 Pestano bid in LABR came at the height of the Chris Perez uncertainty.

But, once again, there are some values to be had toward the bottom.

Next Ten Most Expensive (21-30) A.L. Relievers 2012

#
Player
$
Sal
+/-
CBS
LABR
TW
PK
2011
21
Alfredo Aceves
$9
3
6
2
2
5
10
$17
22
Jonathan Broxton
$10
3
7
1
2
6
5
$1
23
Brian Fuentes
$0
3
-3
6
1
2
1
$10
24
Francisco Cordero
-$1
3
-3
4
3
1
4
$19
25
Mark Melancon
$0
3
-2
2
4
2
5
$15
26
Fautino De Los Santos
-$1
2
-3
3
3
1
$3
27
Aaron Crow
$8
2
6
3
1
2
2
$6
28
Glen Perkins
$16
2
14
1
1
4
$9
29
Jesse Crain
$8
2
6
2
1
3
1
$11
30
Wade Davis
$12
2
10
5
1
$6
Average
$6
2
4
3
2
3
3
$10

Fuentes, Cordero, Melancon, and De Los Santos don't help out, but more than half of the pitchers on this chart earn $8 or more. If you spent $75 on your pitching staff bought seven par pitchers and two $2 pitchers with an $8 return apiece, that would give you $87 in earnings. In most leagues, you're in contention with this staff.

There's an even better reason to avoid spending $3-4 on closers-in-waiting.

Ten Best A.L. Relievers, $1 or Less Spent
#
Player
$
Sal
+/-
CBS
LABR
TW
PK
2011
1
Fernando Rodney
$32
32
R3
$1
2
Rafael Soriano
$21
1
21
2
1
$3
3
Tom Wilhelmsen
$21
21
$4
4
Ryan Cook
$20
20
5
Ernesto Frieri
$19
19
$5
6
Casey Janssen
$17
17
R3
$10
7
Hisashi Iwakuma
$15
1
13
1
2
1
2
8
Darren O'Day
$15
15
$0
9
Jake McGee
$15
0
14
1
3
$3
10
Jared Burton
$13
13
$0
Average
$19
1
16
0
1
0
1
$3

This is the view from the cheap seats.

Iwakuma's included here because he was in the Mariners pen at the beginning of the season. The rest of these pitchers were honest-to-goodness relievers. Frieri was in the National League to start the year, but everyone else was with an American League organization...and more than a few were in the Majors to start the year.

Getting Pestano for $4 is certainly a positive outcome. But why spend $4 on Pestano when you can get Parkins for $2, Soriano for $1 and several other arms for free?

This is the real story with relievers. Closer failure was a one-time deal. But cheap relievers that produce happens every year...yet too many continue to insist on spending more than a buck or two for their set up men.

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