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Monday, November 26, 2007

On Ryan Braun, dominant strategies and using draft picks for profit


I hope everyone enjoyed their Thanksgiving. I certainly did, getting to watch the Cowboys manhandle the Jets. As a housekeeping matter, I will not have a column next week as I will be hobnobbing with scantily clad gorgeous college girls dressed like princesses. Those readers with dirty minds (which I presume is most) will be disappointed to know it is just a family trip to Disney.

A reader posed the following question to me: he is in a 12-team mixed league, with two keeper slots. Each team can keep two players generally with their first two draft picks and can also keep two 2007 rookie qualifying players by replacing their ninth and tenth round picks with the kept rookie players. Among others he has Ryan Braun, Dustin Pedroia and Tim Lincecum. Not a bad choice to make! He asked which I preferred.

To me clearly the answer is Braun and Lincecum but with a strategical proviso and goal. Braun is an obvious choice even though I am down on him for next year and think he will be overrated. Even if I am right about him being overrated he is still clearly keepable under this scenario.

Both Braun and Pedroia exceeded their expected batting averages by 30 points or more (Pedroia exceeded his by 40). Pedroia's value is strongly correlated with his batting average and if it plunges next year so does his value. Braun will still have power and speed even with a big drop in batting average. Keeping him as a ninth or tenth round pick would be quite a coup.

My advice is to keep Braun and Lincecum and try to trade Pedroia at all costs. It would be a tough pill to swallow to have to cut the reigning rookie of the year and get nothing for him. So this is a situation that calls for tough negotiating tactics but with the understanding that you will take what you can get.

I would represent to trading partners that I would keep Braun as a putative first or second round pick and would keep Pedroia and Lincecum with the ninth and tenth rounders. The rationale should be fairly obvious; if you devise a scenario that is feasible and believeable to others yet is not your true tactic then you have a much stronger negotiating position. He can then would push hard to trade Pedroia. The representation that Pedroia will be kept is necessary. Once Pedroia is gone, then I would keep Braun as a ninth rounder and keep a better player with the first or second rounder or just keep the picks open.

Why? Because I think Braun is overrated. If he isn't a second round value next year then you take a loss with that pick. In mixed leagues flubbing a second round pick that clearly has risk attached to it (because of the difference between his expected and actual performance) is a situation to be assiduously avoided, and all efforts must be made. It is not about Braun per se, it is about managing the risk associated with the player versus the value of an important draft pick. Process vs. Results. It doesn't matter that Ryan Braun is the player, what matters is that the asset involved has mostly downside risk and you profit more by letting someone else take that risk. If you are wrong in this specific instance so be it, it is irrelevant. This is what focusing on the thought process is all about.

If Braun is kept as a ninth rounder then even if I am right about him being overrated he will still overproduce for that slot. So you are virtually assured of a significant profit for that spot. If I am wrong and you get a true second round value in the second round and get Braun's production in the ninth round then you have a good chance of winning the league. Getting second round value in the ninth round and fair value in the first two rounds is a significant leg up on the competition.

What you are doing is pursuing a dominant strategy (in a game theory sense). It isn't quite a 100% dominant strategy, however it is close enough that the pursuit is required and though it may not be a perfectly dominant strategy the principle is perfectly applicable. In almost every scenario aside from injury you profit if he is your ninth round keeper. So you always profit in both rounds assuming you get fair value in the second round. If you keep him as a second rounder you could take a loss in some situations, namely those in which he underperforms and regresses to the mean.

So by trading him you get: True second round value + either Braun's MVP caliber production or Braun's still good production but not MVP production. All of these variables should be solidly in the credit column.

If you keep him as a second rounder you may turn a small profit in the second round depending on whether I am right. But you may get a loss of small to large proportions in both the second round and ninth round and will likely never have a large profit in either case no matter what happens. Almost all of the downside risk in terms of value lies with keeping Braun as a second rounder and almost all of the large upside involves keeping Braun in the ninth round.

This means that Pedroia has to go and if you have to cut him so be it. Pedroia is a marginal keeper as a ninth rounder anyway. Cutting him is far better than keeping him and Braun, since you then lose out on Lincecum.

As far as Lincecum is concerned, by any calculation he will be a top 100 player next year and should improve off of 2007. The Giants may stink again next year, but aside from W-L record Lincecum will be a top 15 or 20 pitcher next year, assuming strikeouts count. His expected ERA of 3.63 would have been top 20 this year, and of the top 20 only four had more strikeouts than innings.

If played right, this keeper scenario could be a windfall if you can get a taker for Braun who is willing to give up someone like Miguel Cabrera.

Posted by Patrick DiCaprio at 1:42pm (0) Comments

Tuesday, November 27, 2007

Player highlight: Brandon Wood, Erick Aybar, and Maicer Izturis


Before we begin, I just want to talk quickly about a side project I'm beginning. On Saturday, a brand new fantasy baseball website debuted, entitled MLB Front Office. I was asked by its owner, Brad Stewart, to write a weekly column. I agreed, and I wanted to let you guys know about it.

Each Wednesday, I'll be writing a column about a different, under-the-radar-type statistic. One week it'll be left on base percentage, another week it'll be contact rate, etc. A lot of the stuff you probably already know simply from reading me here at THT all the time, but if you're looking for a refresher or maybe some new insights, stop by and check it out. There's an introductory article up now about stats in general and the importance of looking beyond surface stats, so if you're interested, read it over.

That aside, let's talk about the interesting situation emerging in Los Angeles/Anaheim. With the Angels' trade of Orlando Cabrera to the White Sox, an opening has emerged at shortstop. As of right now, there are three primary candidates for the spot. The current favorite to start on Opening Day is Erick Aybar. However, Brandon Wood has been waiting in the wings for a little while now. Many are speculating that he could take the job, if not immediately after breaking camp, at some point during the year. Also in the mix is Maicer Izturis. Let's break down each player and see how they compare.

Erick Aybar


Actual Numbers

YEARAGELEVELABCRBB%BB/KLD%BABIPHRAB/HRFB%HR/FB2B3BAB/(2B+3B)AB/XBHSBCSSB%SBA%
200521AA52791%5%0.5815%0.32395929%7%29101411492368%46%
200622AAA33989%6%0.5815%0.30365726%8%2031512321864%55%
200723MLB19484%5%0.3112%0.280119432%2%5132284450%15%


Major League Equivalences (MLEs)

YEARAGELEVELABCRBB%BB/KLD%BABIPHRAB/HRFB%HR/FB2B3BAB/(2B+3B)AB/XBHSBCSSB%SBA%
200521AA52789%4%0.3415%0.26068829%5%2171916N/AN/AN/AN/A
200622AAA33888%5%0.4015%0.25548526%5%1621915N/AN/AN/AN/A
200723In Majors - MLE Not Applicable

Note: Minor league stats and MLEs came from Jeff Sackmann's excellent website MinorLeagueSplits.com. MLEs not available for steals.

As of now, it seems as though Angels manager Mike Scioscia sees Aybar as the favorite for the shortstop position. After the Cabrera trade, he said, "We are very confident in what Erick Aybar brings not only in the future, but right now." If he does get the job, what type of numbers should we expect out of Aybar?

Well, he doesn't really have a lot of power and doesn't hit a lot of fly balls to make up for it. We'll put his fly ball rate at 29% and his HR/FB at 6% for 2008; it's a little higher than his 2005 and 2006 MLEs, taking into account a little bit of development.

He doesn't take a lot of walks either; 5% seems right to me. The one thing he does have going for him is the contact rate. He makes contact at a very good clip, and I think 87% should be attainable in 2008.

The BABIP is the toughest thing to predict for Aybar. His MLEs were terrible, but it was .280 this year in a limited number of major league at-bats. While line drives aren't the most consistent stat (as we've discussed), it doesn't help Aybar that he couldn't get above 15% at any level from 2005-2007. We'll put the 2008 BABIP at .280 for now, although his baseline could easily be lower without any luck involved.

Many have said that Aybar could be a 30 steal candidate in 2008 with a full-time gig, but I'm a little less certain. His Stolen Base Attempt percentages were enormous in the minors, but it severly dropped off this year in the majors. He did have a couple of injuries, though, so maybe that had something to do with it.

The first injury, to his hand, was sustained on July 1. Up until then, his SBA% was 33% in 18 opportunities. A hand injury doesn't really affect stolen bases, although maybe he didn't want to steal for fear he would injure the hand further when sliding. Later in the year, he sustained a leg injury that easily could have halted his stolen base attempts.

Another possibility, perhaps a more prominent one, is the Angels' prudence on the basepaths. Over the past four years, they are consistently one of just a handful of clubs with a team SBA% lower than 10%. A shrewd reader would now say that maybe this is because they have a lot of slow runners. Maybe they let the fast guys run wild and temper the guys who are slower.

Luckily for Aybar, it seems like this is the case. Chone Figgins looks to have a green light, with an SBA% above 30% each of the past 3 years. After Figgins, the Angels usually have four to six guys between 10% and 20% — guys like Gary Matthews Jr., Reggie Willits, Orlando Cabrera, and Adam Kennedy. Aybar is likely faster than these guys, but we don't know for sure that Scioscia trusts him as much. All things considered, I'll assign Aybar a 22% SBA% for 2008.

He was never a very efficient base stealer in the minors, and when he tried last year he did even worse. I can't justify assigning him a stolen base success percentage higher than maybe 62%.

Over 550 plate appearances, that would give Aybar a .254 batting average, 8 home runs, and 20 steals.

Brandon Wood


Actual Numbers

YEARAGELEVELABCRBB%BB/KLD%BABIPHRAB/HRFB%HR/FB2B3BAB/(2B+3B)AB/XBHSBCSSB%SBA%
200520A+53676%8%0.3815%0.353431243%25%5141057370%8%
200621AA45367%11%0.3614%0.358251841%20%42410619386%19%
200722AAA43373%9%0.3819%0.322222037%19%25117910191%10%


Major League Equivalences (MLEs)

YEARAGELEVELABCRBB%BB/KLD%BABIPHRAB/HRFB%HR/FB2B3BAB/(2B+3B)AB/XBHSBCSSB%SBA%
200520A+53372%5%0.2015%0.290242243%16%352149N/AN/AN/AN/A
200621AA45362%8%0.2115%0.314153041%14%303149N/AN/AN/AN/A
200722MLE Not Yet Available for 2007

Note: Minor league stats and MLEs came from Jeff Sackmann's excellent website MinorLeagueSplits.com. MLEs not available for steals.

Brandon Wood, right now, is the dark horse candidate for the job. The one-time shortstop converted to third base this year, but with a glaring hole at short at the major league level, the club might now decide to shift him back.

Wood's most obvious skill is his power. He hit 43 home runs at High A and has continued to rake. I wish we had the MLEs for 2007, but it seems like he should be able to hit for good power in the majors right away. His HR/FB only took a slight dip going from AA in 2006 to AAA in 2007, and a 15% mark in the majors in 2008 doesn't look to be a stretch. He hits a lot of fly balls, although they took a small dive this year. Fly ball rates tend to fluctuate a bit, so 39% seems reasonable for 2008.

Wood doesn't have an elite walk rate for a minor leaguer, but it is definitely above average. It seems like this skill would translate to around 8% in the majors for 2008. Wood's greatest fault is his low contact rates. In general baseball terms, I think these are overrated for minor leaguers, but in fantasy terms it is an important stat because of its affect on batting average. I think 70% for 2008 is fair.

That brings us to BABIP. It is great to see such high marks in the minors, although it did drop in 2007. There are many possible reasons for this, but .322 is nothing to turn your nose up at. It's strange that his lowest BABIP of the three years comes during the year he hit the most line drives, but I could still see a league average-ish mark next year. Let's put him down for .305.

For a guy with such power, Wood can steal bases with surprising success. MinorLeagueSplits doesn't provide MLEs for stolen bases, but those raw numbers are still very impressive. I'll assign him an 82% success rate in the majors, and that might end up being a little conservative.

As we said with Aybar, the Angels are conservative overall on the base paths, but guys who they are confident in are allowed to run enough to have stolen base value. Assuming they realize that Wood is a good runner, they could allow him to steal in 13% of his opportunities.

Over 550 plate appearances, that would leave Brandon Wood with a .242 batting average, 21 home runs, and 14 steals.

Maicer Izturis


Actual Numbers

YEARAGELEVELABCRBB%BB/KLD%BABIPHRAB/HRFB%HR/FB2B3BAB/(2B+3B)AB/XBHSBCSSB%SBA%
200524MLB19189%8%0.8121%0.272119133%2%8416159375%24%
200625MLB35290%10%1.0919%0.31457029%5%213151214670%17%
200726MLB33688%9%0.8517%0.31365634%6%17218137188%8%


While Izturis is a lock to make the major league roster and Brandon Wood is not, I still consider him the #3 candidate. He has decent skills, but I think his ability to play multiple positions will cause the Angels to look at him as more of a utility player than a starter. Still, the possibility exists that I'm wrong and he will start, so let's see what kind of numbers he could put up with that kind of playing time.

His walk rate has been consistentlt good, so it's easy to put him on 9% for next year. His contact rate has also been very good, so let's say 89% for 2008. His BABIP has been consistent over the past two years, but was much lower in 2005 in fewer at-bats. Let's put him down for .305.

As for his power, his fly ball rate went up a bit this year, and it was this high back in 2005, so I could easily see Izturis sustaining a 32% rate there. His HR/FB has also been fairly consistent. We have HitTracker data on him, but the system isn't complete yet, and his HitTracker hit chart looks pretty much average. I don't see a huge power spike or decline in his future, although he will be entering his peak age of 27, so we'll put him down for 7%.

Izturis's SBA% has been decreasing over the past three years, but he had his most successful year (percentage-wise) in 2007. I expect this will cause him to steal a little bit more, maybe 12% of the time, and there is certainly the chance it'll be more often than that. As for his success rate, we can't give him another 88% mark because he achieved that with his lowest sample size, so let's say 78%.

Over 550 plate appearances, Maicer Izturis would have a .285 batting average, 10 home runs, and 17 steals.

Shake out

So, now that we've evaluated each player, where does that leave us? Well, as you probably noticed, I assigned each player 550 plate appearances. It would take several injuries to other players for these guys to get 550 plate appearances each. We now need to figure out how we think this situation will eventually shake out and how the at-bats will be divvied up. Here's what I think.

Wood will have a good spring (or at least not a crappy one) and there will be clamoring for him to be the shortstop. He'll be sent to the minors to start the year and Aybar will start in Anaheim, but the Angels will soon realize that they are better off with Wood, leading to a mid-May callup. Unless he does really poorly, he should keep the job the rest of the year. Izturis will find himself in a utility role, collecting a good deal of at-bats, as he has the past couple of years.

Of course, this is all speculation, but Wood is the superior player and the Angels aren't stupid. I think Wood will find himself in the starting role sometime during the first-half of the year.

To adjust, here is how I see the playing time and final stats shaking out:

Brandon Wood
450 TPA
414 AB
.242 AVG
17 HR
12 SB

Erick Aybar
235 TPA
223 AB
.254 AVG
3 HR
9 SB

Maicer Izturis
365 TPA
332 AB
.285 AVG
7 HR
11 SB

Concluding thoughts

A couple quick notes. First, these projections are preliminary. The BABIPs are very preliminary. We still haven't uncovered a great way to predict BABIP, and these projections are the most likely to change.

That's all. If you have any questions, feel free to send me an e-mail!

Posted by Derek Carty at 12:07am (0) Comments


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