Undervalued Pitcher #1

Dave · September 15, 2006 at 11:34 am · Filed Under Mariners 

A few days ago, I talked about why I don’t like long term contracts for pitchers, and why I expect the big name free agents this winter to get contracts that are not in their signing club’s best interests. There’s no way I’d get involved in the Barry Zito negotiations, and from the sounds of what he’s going to receive, I’d bow out on Jason Schmidt very quickly as well.

Of course, since I’m eliminating all the popular names from the discussion of who to acquire, the natural question that follows is “well then, who do you want?”, since we have to actually field a starting rotation next year. I’m of the opinion that pitchers, due to the significant effects that random variation can have on their performance, can often be valued incorrectly. Since the price of pitching has gotten so out of control on the free market, the best way to build a team is to spend on position players, develop your own elite starters, and find bargains to fill out your rotation.

I’ve identified three pitchers who will almost certainly be made available this winter that will require only a moderate cost in terms of talent to acquire and 2007 salary, and will come with no long term commitment, but could be expected to give the team quality innings at the back of the rotation. All three are undervalued, in my opinion, and would be terrific candidates for the Mariners to acquire, allowing them to spend most of their assets elsewhere.

Undervalued Pitcher #1 is probably going to be non-tendered by his current team this offseason because of his poor season. Among qualified American League starters, only Joel Pineiro and Carlos Silva have posted higher ERAs. His ERA is 25 percent worse than league average this season, and it was 15 percent worse than league average last year. He made $3.75 million this year and is arbitration eligible, and it’s unlikely that any team is going to want to take him to arbitration again after posting a 5.88 ERA.

Ladies and Gentleman, Rodrigo Lopez. You might remember him from the May 25th game, where he shutout the Mariners for 7 1/3 innings, or the August 1st game, where he shutout the Mariners for 7 2/3 innings, by far his two best starts of the year.

So yes, I really am suggesting that the Mariners acquire a pitcher who posted an ERA near 6.00 and who got beat around by everyone in baseball not wearing Seattle on their chest. This isn’t exactly the kind of acquisition that is going to get fans excited about coming back to Safeco Field, but it is the kind of acquisition that good teams make. Rodrigo Lopez is the classic buy-low candidate.

Over the past three years, he’s thrown 171, 209, and 182 innings. He’s 30 years old and has proven to be a durable innings eater who is remarkably consistent. But he’s not just a Ryan Franklin type rubber arm who takes the hill every 5 days and eliminates your chance to win the game. Rodrigo Lopez actually has some ability. Look at this five year history:

Season	K/9	BB/9	HR/9	FB%	HR/FB	BABIP	LOB%	FIP	ERA
2002	6.22	2.84	1.05	38.2%	10.1%	0.263	75.4%	4.36	3.57
2003	6.31	2.63	1.47	35.0%	13.7%	0.345	67.5%	5.00	5.82
2004	6.38	2.85	1.11	36.2%	11.0%	0.284	78.2%	4.37	3.59
2005	5.07	2.71	1.20	35.8%	10.9%	0.302	67.0%	4.81	4.50
2006	6.38	2.82	1.48	35.1%	13.9%	0.339	66.7%	4.93	5.88

That’s a pretty interesting chart. Several of those numbers have been amazingly consistent, while several others have been all over the board. He’s posted remarkably similar walk, strikeout, and flyball rates the past five years, showing almost no year to year variation in those core skills. His HR/FB and LOB% have been less consistent, however, ranging from very good to very poor, which has completely driven the wild swings in his ERA.

If you judge Lopez on run prevention, he was excellent in 2002 and 2004, mediocre in 2005, and terrible in 2003 and 2006.

If you judge Lopez on his skillset, however, he’s been practically the same pitcher every year for the last five years. You know exactly what you’re going to get from Rodrigo Lopez. There’s no chance he’ll be an ace, because his stuff just isn’t good enough, but when he’s stranding runners, he’s a valuable middle of the rotation starter. He hasn’t stranded enough runners in 2006, but if you’ve been reading the blog at all the past year, you know that isn’t predictive in nature.

One more chart, just for fun:

Pitcher 	K/9	BB/9	HR/9	FB%	HR/FB	BABIP	LOB%	FIP	ERA
J. Verlander	6.07	2.81	0.92	34.5%	9.5%	0.293	78.6%	4.20	3.42
Barry Zito	6.15	3.95	1.12	38.1%	9.2%	0.278	78.1%	4.97	3.86
Jose Contreras	6.16	2.44	0.86	38.9%	7.8%	0.286	69.8%	4.04	3.97
Rodrigo Lopez	6.38	2.82	1.48	35.1%	13.9%	0.339	66.7%	4.93	5.88
Kevin Millwood	6.48	2.10	0.91	33.2%	9.6%	0.315	67.2%	3.82	4.47
Ervin Santana	6.60	3.08	1.03	44.4%	8.5%	0.278	66.3%	4.41	4.50
Josh Beckett	6.90	3.33	1.61	38.8%	15.1%	0.270	68.7%	5.25	5.09
Vicente Padilla	6.96	2.96	0.94	35.7%	9.5%	0.307	69.5%	4.27	4.44

Based on his peripherals, that’s the class of pitcher that Rodrigo Lopez has pitched like. His 5.88 ERA is an extreme outlier based on his actual performance, just like Jarrod Washburn’s 3.20 ERA was an extreme outlier the other way last year. Lopez isn’t as good as all those pitchers, but the difference is far less drastic than you’d imagine. With a likely regression in his BABIP, LOB%, and HR/FB rates, combined with his durability and consistency in his core skills, Rodrigo Lopez looks like a prime candidate for a bounce back 2007 season.

Lopez would make a fine #4 starter for the Mariners next year, and he’ll probably cost no more than $2 million for the season, thanks to his atrocious 2006 ERA.

The power of ERA is still strong, and it’s going to cause Rodrigo Lopez to be significantly undervalued this offseason. The Mariners would do well to take advantage of this particular market inefficiency.

Comments

95 Responses to “Undervalued Pitcher #1”

  1. _David_ on September 15th, 2006 2:26 pm

    50: not every GM, I wouldn’t waste the postage cost of sending it to Bavasi

  2. robbbbbb on September 15th, 2006 2:27 pm

    Both Meche and Lopez are arbitration-eligible. Meche is shiny, because of his “success” this year. Lopez is non-shiny, but has the potential to be okay.

    Could the M’s go for a one-for-one swap with the O’s? The Orioles get a “good” pitcher, who they can try and arbitrate with (or sign to an extended deal), and the M’s go year-to-year with Lopez. Or do I have my valuation off? Would this be the kind of minimal-talent trade that the M’s could get away with? Or are they better off sending a B- prospect to Baltimore for Lopez and letting Meche go for the draft pick?

  3. Dave on September 15th, 2006 2:29 pm

    Both Meche and Lopez are arbitration-eligible. Meche is shiny, because of his “success” this year. Lopez is non-shiny, but has the potential to be okay.

    Meche is a free agent. You can’t trade free agents.

  4. robbbbbb on September 15th, 2006 2:30 pm

    D’oh! I missed the part where he’s making $3.75M, and that means the M’s would be due to pay him $4M in arbitration. That makes it a bad deal, talent-wise.

  5. robbbbbb on September 15th, 2006 2:31 pm

    And I missed the part where Meche is a free agent, too. I thought he had one more year of arbitration eligibility. It looks like I really goofed.

  6. PositivePaul on September 15th, 2006 2:40 pm

    CCW, I’d love to see us get BK Kim. For some reason I like him a lot.

    Yeah. I can see it now. Instead of the customary posts round here like:

    [Pineiro]

    We’d get a lot of

    [B-H Kim]

  7. Bender on September 15th, 2006 2:55 pm

    To be fair, BK is his nickname and he’s called BK Kim a lot, though the misspellings of Byung-Hyun Kim would probably be hillarious.

  8. ChrisK on September 15th, 2006 2:56 pm

    I agree, we need to find some good undervalued players to counterbalance the inevitable veteran(s) with “World Series experience” that Bavasi is bound to overpay for again.

  9. eponymous coward on September 15th, 2006 3:00 pm

    It’s Piñeiro that has one extra year of arbitration eligibility- and, to be blunt, he’s even more likely to get hosed than Lopez.

  10. Bender on September 15th, 2006 3:53 pm

    When was the last time a player got hosed in arbitration?

  11. RaoulDuke37 on September 15th, 2006 3:54 pm

    Could the (behind the scences) reason for placing Pineiro back in the rotation be showcasing him for Cleveland (as the PTBNL in the Broussard deal).

  12. VaBeachMarinersFan on September 15th, 2006 3:58 pm

    #61 – The PTBNL was already named. It was Livingston, I presume.

  13. CCW on September 15th, 2006 4:00 pm

    For the sake of argument, here are 4 players the Ms could probably sign next year, each for a somewhat reasonable price (c’mon chart, be legible…):

    Player INN K ERA K/BB K/9Inn GB/FB
    Kim, Byung-Hyun 139 117 5.374 2.167 7.58 1.1
    Lopez, Rodrigo 182 129 5.885 2.263 6.38 1.1
    Meche, Gil 170.3 142 4.28 1.919 7.5 0.9
    Vargas, Claudio 149.3 112 4.942 2.333 6.75 0.9

  14. VaBeachMarinersFan on September 15th, 2006 4:00 pm

    I would presume wrong. I mean Nottingham.

  15. Jim Thomsen on September 15th, 2006 4:03 pm

    So, Dave, the $64,000 Question is this:

    Are the M’s capable of seeing how things are, rather than how they LOOK … and make decisions accordingly?

  16. Bender on September 15th, 2006 4:04 pm

    Hahaha, Jim, you already know the answer to that, dude!

  17. _MFAN_ on September 15th, 2006 4:06 pm

    64- I think the Sheriff of Nottingham is his name.

  18. VaBeachMarinersFan on September 15th, 2006 4:11 pm

    I thought that was the Sheriff of Rottingham? Or was that the wrong Robin Hood movie?

  19. RaoulDuke37 on September 15th, 2006 4:13 pm

    #61 – The PTBNL was already named.

    Totally slipped my mind. Sorry. (I was just excited about trying to remove Pineiro)

  20. _MFAN_ on September 15th, 2006 4:17 pm

    68- I thought it was Nottingham, although Rottingham sounds correct as well.

    It is a mystery.

  21. VaBeachMarinersFan on September 15th, 2006 4:24 pm

    Sheriff of Rottingham was from the Mel Brooks movie “Men in Tights”, a Robin Hood spoof. Nottingham is from the original tale.

    #69 Understand excitement about getting rid of Joel.

    Bavasi has to have his offseason plan at least in the embryonic stage. I would love to see what it contains. Check that. I don’t want to be miserable the entire off-season.

  22. Evan on September 15th, 2006 4:34 pm

    It occurs to me…

    This entire peice was based on the assertion that Lopez’s ERA will drive down his price, thus making him a bargain.

    Except this front office has demonstrated an affinity for ERA. That’s why we blew $37 million on Washburn. So isn’t this sort of advice guaranteed to fall on deaf ears?

  23. VaBeachMarinersFan on September 15th, 2006 4:43 pm

    Johjima is in the 3 hole tonight. Snelling in 8 spot, RF.

    #72 That is a good point.

  24. The Ancient Mariner on September 15th, 2006 4:45 pm

    Now how, exactly, do we know that’s why we blew $37 million on Washburn? It’s entirely possible that Bavasi knew that Washburn’s ERA was unsustainable and still thought he was worth the money, after all. (I don’t know that that’s an encouraging thought, but that’s life in a tomato can.) Similarly, it’s entirely possible that the M’s scouting department might come to Bavasi and say, “Rodrigo Lopez is better than his ERA, playing in Safeco in front of our fielders will help him, we see some problems we think Chaves could fix,” etc., and convince Bill it’s worth signing the guy. I don’t know that any of this is likely, but one thing I’m pretty sure about — all these decisions are a lot more complicated than they look in the papers.

  25. _MFAN_ on September 15th, 2006 4:52 pm

    74-

    I couldn’t agree more with your first statement. Did Bavasi honestly give Washburn 37 mil because had a 3.20 ERA in 2005? I personally doubt it. There was obviously something else Bavasi saw in Washburn.

    I also agree with what you said on Lopez. The M’s have guys on their staff that do breakdowns like Dave did for this thread. It is just a question how much stock Bavasi puts into these stats.

  26. Edgar For Pres on September 15th, 2006 7:36 pm

    I agree that it is possible to find diamonds in the rough where you can find a pitcher who will give you ~Washburn-performance at about 2mil/yr for a 1-2 yr contract and this is a good idea to allow the team to avoid considerable risk. I also am a big fan of homegrown starting pitching. I think it is much easier to make a great team by developing pitching from within and acquiring big names in offense in FA since hitters are much more stable than pitchers.

    With that said, I feel uncomfortable about going dumpster diving. The reasons that a pitcher posts an ERA > 5.50 usually aren’t because of bad luck. If you look at a game log of Lopez this year, it is really ugly. He has given up as many runs as innings pitched in about 1/3 of his outings. ER are a flawed way to look at pitching but good pitchers don’t suck that much.

    Although our AAA pitching isn’t very good, I’m not sure if Lopez is much better than the Woods/Baek/… replacement players that we could throw out there and hope one stick. Woods and Baek have pitched about 50 innings and have posted a FIP of about 4.80. I agree that it isn’t that hard to find league-average pitching. I realize this is a small sample and I will be very happy if we could get these guys to pitch at around the same level for a significant time.

    I’m not really happy with the idea of Lopez in the rotation next year. I’d rather see Meche back (but it depends on how much $$ he gets so I won’t be disappointed) or even Pineiro maybe. Someone earlier referred to Lopez as the Orioles version of Pineiro and I think this may be very accurate. Lopez’s peripherals have been more stable than Joel’s but their end results look bad. They both have done horrible this year and racked up ugly ERA that will make them pretty much worthless this offseason (driving down their cost). I really think that Pineiro is struggling to figure out how he can be successful after the injury he suffered a couple years ago. He lost some velocity and that has really forced him to change his approach. If he can make the adjustments, which they are currently trying, he could become a useful pitcher once again. One advantage Joel has is age; he’s only 28 years old. If he is able to get his K/9 up he should be a useful pitcher once again. They will both be dirt cheap but I think Joel has better upside than Lopez although Lopez is more likely to give you a pitcher who could fill the #5 spot in the rotation.

    Sidenote:
    When evaluating Lopez’s career you must take into consideration that 2003, he struggled with injuries. Also, during the 2004 season he worked a fair amount of the year in relief where he did quite well which may skew some of the numbers very slightly. This doesn’t make a huge difference. Just thought I’d point it out.

    -2004 as a Starter-
    IP 139
    FIP 4.45
    K/9 6.02
    BB/9 2.59
    HR/9 1.17
    ERA 3.95

  27. BelaXadux on September 15th, 2006 8:00 pm

    Dave, re: #8, why do some pitchers struggle with men on base, I’m inclined to think that there are significant pitching pattern issues with this. Without having a pitch-by-pitch chart, though, it’s hard to say. Consider Meche: a few weeks back, there was an extensive discussion of his patterns en blog, and in particular that when he fell behind in the count he _consistently_ went to mostly fastballs. I opined that he didn’t want to dish out the walk, and was more inclined to use his defense since, as we knew, he didn’t have a high propensity to get the K that way (breaking pitches are his strikeout ones). This, to me, speaks of a consistent, purpose-driven, but not necessarily smart approach. In the same way, when pitchers get guys on base, some stay with their basic game, but others clearly shift their pattern; get a GB, stay away from the long ball, or whatever. This isn’t a question of being a mental midget or flibbertygibbet per se, but does indicate someone who lacks confidence in being able to execute some pitches in their repertoire on demand, and so an over-dependence on a smaller set of outcomes, which leaves hitters zeroing in on what’s coming.

    It doesn’t have to be something as clear cut as Meche going to the fastball when behind to still have a significant impact. As a hypothetical, if a guy decides to focus on getting the GB with men on base because his defense is good, his present pitching coach is big on it, or whatever, maybe he throws more sliders—but it’s his second or third best pitch, and moreover he does it so much that other teams isolate it in scouting and have their hitters looking for it. For a year, that guy looks _terrible_ with men on base. Next year, he gets a new pitching coach, or changes his approach; results see a big swing until and unless the hitters adjust. The pitcher has the same basic tools, and over a large sample has the same basic outcomes, but in a small subset of instances he has a swing in result which impacts his LOF% and ERA in big, big ways.

    If LOB% was truly random, it should STAY random, we wouldn’t see consistent month-to-month numbers over the course of a year. Ergo, LOB% has significant _non-random_ components, to me. Year to year fluctuation may have some stochastic inputs, sure, but they don’t explain the majority of the variation, I suspect.

    And I entirely endorse an offer to Rodrigo Lopez. He would do well with this defense in this park, or at least better than in Camden; he’s cheap; he’s better than what we have; the thinking is right. . . . There’s no possiblity that the present FO regime goes this way, though. Thinking things through isn’t their forte. When behind in the roster count, they focus on the ‘most famous name’ approach, and pray hard.

  28. BelaXadux on September 15th, 2006 8:34 pm

    Re: #20, I _don’t_ think Bavasi was convinced that Washburn was a marquee pitcher, and that was before and since Bill B.’s comments in the pre-season gabfest that he ‘wasn’t comfortable at all with signing free agent pitchers,’ a reasonable reality test that comment. Bavasi was told that he was to sign a top-of-the-rotation starter, the only guys with decent talent soared into a ridiculous price/talent stratosphere, and he took the next-best available ‘name’ pitcher. And he paid for him the $$$-and-years figure the market set, obviously not liking it any too much. I wouldln’t even be all that sure that Washburn’s gaudy but implausible ERA in ’05 weighed that much into it. A LHP who had a good history throwing at Safeco, that figured into it big time.

  29. Dave on September 15th, 2006 8:39 pm

    With that said, I feel uncomfortable about going dumpster diving. The reasons that a pitcher posts an ERA > 5.50 usually aren’t because of bad luck.

    Okay, fine, don’t call it bad luck. Call it unlikely to be repeated poor performance.

    ER are a flawed way to look at pitching but good pitchers don’t suck that much.

    Really?

    Jeff Francis: 2005 ERA – 5.68, 2006 ERA – 4.01
    Jason Jennings: 2004 ERA – 5.51, 2006 ERA – 3.61
    Cliff Lee: 2004 ERA – 5.43, 2005 ERA – 3.79
    Brett Myers: 2004 ERA – 5.52, 2005 ERA – 3.72
    Derek Lowe: 2004 ERA – 5.42, 2005 ERA – 3.61
    Jamie Moyer: 2004 ERA – 5.21, 2005 ERA – 4.28
    Rodrigo Lopez: 2003 ERA – 5.82, 2004 ERA – 3.59

    If you write off every pitcher who has a bad ERA not supported by peripheral statistics, you’re going to make a lot of mistakes.

    Although our AAA pitching isn’t very good, I’m not sure if Lopez is much better than the Woods/Baek/… replacement players that we could throw out there and hope one stick. Woods and Baek have pitched about 50 innings and have posted a FIP of about 4.80

    Seriously? You can’t tell the difference between Jake Woods (4.9 BB/G, 5.5 K/G out of the bullpen), Cha Baek (4.1 BB/G, 6.1 K/G in 28 innings) and Rodrigo Lopez, who’s been running 2.75 BB, 6.0 K performances for five straight years?

    The only way to believe that Lopez is replacement level is to believe that he has some flaw that doesn’t allow him to pitch well with runners on base. To believe that, you have to ignore 2002 and 2004, when he was among the league leaders in the category.

    Someone earlier referred to Lopez as the Orioles version of Pineiro and I think this may be very accurate.

    Again, seriously? Pineiro’s strikeout rate is 4.4 K/G. That’s horrible, and his walk rate is still higher than Lopez’s. If you really think that Pineiro = Lopez, I don’t know what to tell you.

    Honestly, I’d rather have Lopez than Washburn. To argue that he’s less valuable than Pineiro, Woods, or Baek… you have to ignore every piece of information out there besides ERA to believe that’s true.

  30. Dave on September 15th, 2006 8:41 pm

    If LOB% was truly random, it should STAY random, we wouldn’t see consistent month-to-month numbers over the course of a year. Ergo, LOB% has significant _non-random_ components, to me. Year to year fluctuation may have some stochastic inputs, sure, but they don’t explain the majority of the variation, I suspect.

    You don’t. Try reading either of Studes’ columns on the issue, then get back to me.

    LOB% is something like 20% skill, 80% random.

  31. The Ancient Mariner on September 15th, 2006 8:50 pm

    How much of that 80% is actually random and how much is the opposing hitter (and baserunners)?

  32. Dave on September 15th, 2006 8:55 pm

    How much of that 80% is actually random and how much is the opposing hitter (and baserunners)?

    I’d say almost all of it is the opposing batter.

  33. Edgar For Pres on September 15th, 2006 9:01 pm

    I basically don’t like Lopez very much. I don’t think that he has a lot of future. Maybe a 1 yr deal where he fills a gap in our rotation could work out fine but I don’t think we can expect much from him. I basically think that his chance of doing above replacement is low.

    I don’t think that Woods or Baek are as good as Lopez. I was trying to show that we might be able to plug in a AAA player instead of getting Lopez.

    With respect to Pineiro, I don’t think that Lopez is better than Pineiro right now. I referred to them as equals mostly because they both were abused by opponents hitters. I do think that Pineiro has a chance to improve his K/9 and BB/9 by becoming a better pitcher. I don’t think that Lopez will change his K/9 or BB/9 very much. I guess what I was trying to get at and never said was that if you are looking for inexpensive pitchers then you might also want to look past statistics and talk to a scout to find pitchers who struggled but have a chance of improving their game. These pitchers are more of a gamble but have much more upside than a steady performer like Lopez.

    I agree that Washburn looks like he could implode at any moment since a lot of his stats are discomforting. Good thing he kept those unrepeatable skills looking good otherwise our rotation would have really been ugly this year. Make sure to send him a rabbit’s foot for next yr.

  34. Dave on September 15th, 2006 9:13 pm

    I basically don’t like Lopez very much.

    But you don’t have a good reason why you don’t like Lopez?

    I don’t think that he has a lot of future.

    You would have said the same thing back in 2003, the year before he posted a 3.59 ERA, right?

    I don’t think that Woods or Baek are as good as Lopez. I was trying to show that we might be able to plug in a AAA player instead of getting Lopez.

    Well, we might be able to plug in a AAA player instead of getting Matsuzaka too. It doesn’t mean we should.

    I referred to them as equals mostly because they both were abused by opponents hitters. I do think that Pineiro has a chance to improve his K/9 and BB/9 by becoming a better pitcher. I don’t think that Lopez will change his K/9 or BB/9 very much.

    For the 185th time, why? Why hold an opinion that you can’t support?

    I guess what I was trying to get at and never said was that if you are looking for inexpensive pitchers then you might also want to look past statistics and talk to a scout to find pitchers who struggled but have a chance of improving their game. These pitchers are more of a gamble but have much more upside than a steady performer like Lopez.

    So, basically, you don’t like Rodrigo Lopez because he doesn’t throw hard enough for you? Got it.

    I agree that Washburn looks like he could implode at any moment since a lot of his stats are discomforting. Good thing he kept those unrepeatable skills looking good otherwise our rotation would have really been ugly this year. Make sure to send him a rabbit’s foot for next yr.

    At the risk of being rude, are you dillusional?

    Jarrod Washburn’s 2005 LOB%: 81.8%
    Jarrod Washburn’s 2006 LOB: 69.4%

    Yea, he’s really kept those “unrepeatable skills looking good”. Did you realize he’s posted an ERA six percent below average for a pitcher who gets to throw half his innings in Safeco Field this year. The Mariners are paying $9 million for a below average pitcher, whom you apparently think is having a good year.

    I’m sorry, but your opinions just don’t seem to be founded on anything other than personal preference.

  35. IdahoInvader on September 15th, 2006 9:25 pm

    Since, as you pointed out, he’s had some amazingly consistent numbers, how can we be sure he won’t be just as ineffective (against EVERYONE but the M’s) next year? I mean by your logic, couldn’t good things have been predicted for him after last year, even after his ERA rose quite a bit from 2004?

  36. Josh on September 15th, 2006 9:26 pm

    Thanks for writing this Dave, it was a great post to read. It’s following this type of critical review that, even if the situation were to end up on the nasty end, would be hardly much of a loss at all. If it ended up right around what [i]should[/i] be expected it would be a slight bargain, not to mention an aid to a team that needs it. At best, it would be a steal.

    When you consider the potential outcome and the odds that it would overall be beneficial, as opposed to harmful, it seems like a good ‘gamble’ (somewhat) so to speak. On top of that, the saved salary allows for something better in another rotation slot or in the lineup.

    Even if this doesn’t specifically happen/work out, I hope this general direction is something that is considered.

    Oddly enough, there’s another Oriole SP who’s putting together a pretty crappy performance, someone who I feel is a good bet to rebound next year, for a number of reasons (stats and otherwise). He’s not a great pitcher, but were he in the market this winter he’d be a better bargain for the dollar than those “just above” him. Seriously, not every 2-5 spot in the rotation has to be filled with someone who is available for the most money, just so we can squeeze every last drop of potential (or, well… sometimes it backfires anyway).

    He’s making way too much this year. It would surely go down if he were to hit the market, but unfortunately, it looks like he has one year left on the contract, so that ain’t gonna happen.

  37. Dave on September 15th, 2006 9:34 pm

    Since, as you pointed out, he’s had some amazingly consistent numbers, how can we be sure he won’t be just as ineffective (against EVERYONE but the M’s) next year?

    When it comes to pitching, there’s no sure things. Every pitcher is a risk. The Red Sox didn’t expect a 5.09 ERA when they gave up two of their best prospects for Josh Beckett. The Yankees certainly didn’t expect a 4.84 ERA from Randy Johnson, and I’m sure the Braves thought Tim Hudson would do better than a 4.95 ERA.

    I mean by your logic, couldn’t good things have been predicted for him after last year, even after his ERA rose quite a bit from 2004?

    Yep. That’s the nature of the beast.

    What you guys need to come to grips with is the massive effects that things out of the pitcher’s control have on run prevention. Until you stop looking at ERA as a predictor of pitcher effectiveness, you’re going to continue to attribute skills to a pitcher from results that he did not influence.

    A huge part of ERA is out of the pitcher’s hands, regardless of whether that pitcher is Johan Santana or Rodrigo Lopez. The best a team can do is acquire pitchers who excel at the things they can control and hope that the ball bounces their direction more often than not.

    Acquiring a pitcher because he’s been a recipient of good fortune in the past, or avoiding one who has not, is just a bad way to run a ballclub.

  38. Newby on September 15th, 2006 9:37 pm

    So Dave, are the M’s gonna move brousarrd (which I hadn’t really heard before) so that they can make room to sign bonds?

  39. Edgar For Pres on September 15th, 2006 9:42 pm

    To #84.
    I was saying that Washburn could have done much worse than he did. I’m not happy with how much we are paying him but I thought he actually might do worse than he did this year.

  40. _MFAN_ on September 15th, 2006 11:46 pm

    Dave,

    Since we are on the subject of undervalued pitchers how about Greg Maddux?

    I’m not sure if he is a free agent or not, but if he is I would love Maddux in our rotation, he would not be as cheap as the Rodrigo Lopez types, but he certainly wont be as expensive as the Jason Schmidt types and his age would probably lower the price.

    Maddux has a 3.92 xFIP, he doesn’t strike out many guys (4.9 K/G), but he hardly walks anyone (2.0 BB/G).

    This could all be moot if he isn’t a free agent, but if he is I would love to have him in the rotation, as long as he is not too expensive.

  41. LB on September 16th, 2006 1:07 am

    #90: Maddux’ contract is up in 2006, but will never leave the JV league. He is smart enough to realize that it’s not possible to throw 7 innings of 1-hit ball in 68 pitches (or anything close to it) in the AL. He’s remarked in the past how he enjoys the “strategy” there is in that pure brand of baseball they play over there.

    And speaking of Schmidt, I see he was scratched from his Friday start due to a strain in his upper back, ostensibly from taking BP. I wonder if his golf swing will aggravate it in the off season?

  42. LB on September 16th, 2006 1:21 am

    #87: Acquiring a pitcher because he’s been a recipient of good fortune in the past, or avoiding one who has not, is just a bad way to run a ballclub.

    “Give me lucky generals.”
    – Napoleon

    But I guess his fastball was a little short by the time he faced Wellington at Waterloo.

  43. James T on September 16th, 2006 3:27 pm

    Interesting. I don’t disagree with your analysis. But I think it’s incomplete. I’m a Red Sox fan and I’ve seen too much of Lopez. He used to kill the Sox. I think he went 4-0 against them in 2002. But doesn’t seem like quite the same pitcher as he used to be. Maybe it’s been exacerbated by bad luck, but I think he’s been worn down by 5 seasons of starting in MLB after his time starting in Mexico. His pitches seem a mile an hour or two slower. They seem just a little bit less sharp. He seems to command them juuuuuuust a little bit less well, missing in the heart of the strike zone more than he used to. I know this is a very general, qualitative argument, but Rodrigo Lopez just looks like a guy on his way down the curve of his career trajectory.
    Would I invite him to camp and challenge him to show something? Absolutely. Would I sign him to a small money contract? Sure, if it was small enough. But I wouldn’t expect much from him.

  44. Nate on September 17th, 2006 6:25 pm

    I tend to have an impression that really strong teams manage to get at least two and often three really good starters. We’ve already got one back-of-the-rotation starter in Washburn, and we’re banking on Felix become an ace. You say Lopez would be a great #4.

    But if the M’s have to fill three spots in the rotation next year, and go shopping for undervalued pitchers like Lopez, they’ll be rolling the dice with a cheap rotation of mostly #4-caliber starters. Isn’t that just punting on pitching because it’s too expensive and too unpredictable? Can we really offset weakness in the rotation with enough offense? Didn’t Texas try that for a few years and fail?

    Lopez is a great suggestion; you make a great case. I’m wondering if acquiring three Rodrigo Lopezes are going to supply enough pitching prowess.

  45. eponymous coward on September 17th, 2006 7:32 pm

    94- Who’s arguing we want to sign 3 Lopezes? Dave’s argument is we should skip massively overvalued free agents- he’s NOT said “Don’t bother with Matsuzaka; let’s try and get by with slightly above replacement value guys to go with Washburn and King Felix”.

    And…

    The best a team can do is acquire pitchers who excel at the things they can control and hope that the ball bounces their direction more often than not.

    And, of course, acquire defensive players who also feed into fielding those balls…

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