What Is The Ideal Spending Allocation Between Pitchers and Hitters?

What Is The Ideal Spending Allocation Between Pitchers and Hitters?

This topic came up recently and a number of well-respected fantasy experts discussed and debated the topic.  I’m not here to rehash what they said, but hopefully to offer some points I didn’t see made in the discussions.

If you want to catch up on exactly what has previously been said:

Before Twitter, we didn’t have this kind of access into theoretical discussions about fantasy baseball.  It’s great to see this kind of back-and-forth and hashing out of ideas from a knowledgeable and respected group of fantasy writers.  So what can I offer to this?

Cherry Picking

I will pull two specific tweets out of the discussion.  Let’s start with this one from Kreutzer:

A lot of explanations were thrown out to explain the popular 70-30 hitter allocation, but I think this makes the most sense. Kreutzer gives very specific figures in Part 1 of his explanation of this topic, and specifically mentions that the average return on investment for all hitters in expert leagues was 88% (or a loss of 12%). For pitchers the return was 32% (or a loss of 68%).  Keep this in mind.  We’ll come back to these figures later.

In Part 2 he discusses the concept of “free loot”, or valuable fantasy stats that were not drafted but find their way onto rosters in your league during the year.

Alright, I’m starting to understand the reason for hitters to be allocated more money.  Why try to buy pitching stats during the draft if value from pitchers is difficult to predict accurately and if I can just wait until the season starts to pick up valuable players on from the free agent pool anyways.

But Is 70-30 “Correct”? (more…)

How To Improve Your Fantasy Baseball Knowledge

Justin Timberlake has come a long way. He started out as a dorky little kid on the Mickey Mouse Club, “progressed” (notice the strategic use of quotation marks) to this, started dating the hottest celebrities (at the time), began appearing in award winning movies, and now he’s winning solo recording artist honors.

This example of Timberlake was mentioned by Marc Ecko, the billion-dollar fashion mogul, in a podcast interview about what it takes to be great (click here to listen). He used this illustration of Timberlake to point out that nobody ever really starts out great. It’s a process. To paraphrase what Ecko said:

The key to greatness is iteration.

According to Wikipedia:

Iteration is the act of repeating a process with the aim of approaching a desired goal, target or result.

Said another way, it’s about making continuous improvement over time. Small improvements. But a lot of them. Not necessarily dramatic leaps forward.

Timberlake didn’t just snap his fingers and go from scrawny Mickey Mouse Club kid to Music-Superstar-Hollywood-Actor-Junk-In-A-Box-Heartthrob. It took him years to get there.

Every season. Small incremental improvements. For many seasons.

If you start applying this concept now and master a couple new fantasy baseball concepts each year, think how good you will be five or even ten years from now.

Are You Improving?

One reason I enjoy having this site is that it holds me accountable to improve at this “craft” of playing fake baseball games.

I have had seasons in the past where I didn’t seek to improve knowledge or understanding of the game. But now I have reached a point where I try something new every year.

I make my draft preparation a little more involved. I add new features to my spreadsheet. I  enhance my rankings formula. I consider other ways of ranking players. I just developed my own projections for the first time. I read books about (real) baseball, Sabermetrics, technology, and even fantasy baseball.

So What Are You Doing To Improve This Year?

There are many things you can do. Here are some things that come to mind (more…)

An Important Concept Behind Making Projections

Envision a Major League Baseball player’s stat line.  If you’re having trouble doing that, here’s one:

Paul_Goldschmidt_2014_Projection
Paul Goldschmidt’s recent MLB stat lines, courtesy of Fangraphs.com.

Those are Paul Goldschmidt’s Major League statistics for the last three seasons.

How Do We Take That Information And Create 2014 Projections?

Do we just eyeball it and say, “He hit 20 HR in 2012 and 36 in 2013, so I’ll project 28.”?   Do we give more weight to 2013, because it’s the most recent season?  Is Goldschmidt still improving?  Could he hit more than 36?

What about stolen bases?  Or batting average?  Runs?  RBI?

There are a lot of moving parts here.  And they’re all somewhat related to each other. How do you make sense of all this information and develop a sound, reliable, and accurate projection for what will happen in 2014?

We Have To Disaggregate the Data

“There you go again, Tanner.  Using words like ‘disaggregate’.  What does that even mean?”

An Example

Assume you own an ice cream cone stand and you’re trying to project what sales of ice cream will be this month.  What factors would go into that calculation?

You could just project it at a very high level and say, “Sales were $10,000 last month and $9,000 the month before.  So I will estimate $9,500 for the current month”.  And that might give you a reasonably close estimate.

But the key to accurate projections is to look at underlying data or events that make up that end result.  You want to break apart the big event, or disaggregate it into smaller events you can study and measure.  Instead of trying to guess the ending sales result, you’re better off trying to project the smaller things that make up that monthly total:

  • The average selling price per ice cream cone
  • The number of ice cream cones sold
  • How many hours is the stand open each day?
  • How many people will walk by the ice cream stand in a day?  In an hour?
  • Out of every 100 people that walk by the stand, how many buy a cone?

After you have estimated this information, you run the math and calculate the total sales for the month.

Why This Works

It’s hard to just look at $9,000 and $10,000 of monthly ice cream sales and make sense of those numbers.  But if you know that you raised the price of each cone 25 cents, that you just hired an employee that will allow you to keep the stand open longer each day, that the employee has a striking resemblance to Jennifer Lawrence (with long hair, please) and has an uncanny ability to sell ice cream, and that there is a large festival taking place this month that will bring an extra 5,000 people by the stand, then you’ll be able to make a much more accurate projection than you would by simply looking at past monthly sales figures.

Applying This To Baseball

You can think of our typical rotisserie baseball categories as aggregated data, like the monthly ice cream sales.   When you break it down a home run is actually the end result of many smaller outcomes that added up to the end result of a baseball being hit over the fence.

All of these events have to happen for a home run to occur:

  • The ball has to clear the fence, which means:
    • The ball has to travel X number of feet
    • The fence is < X from home plate
  • The ball has to be hit in the air (a fly ball)
  • The hitter has to have an at bat, which means:
    • The hitter has to have a plate appearance
    • The hitter has to make contact (no swing and miss)
    • The hitter has to swing

We could take this further, but you get the idea.

We Live In An Amazing Time

Fortunately, we have data available (for free!) to measure every bullet point above.  Sticking with our original Goldschmidt example:

(more…)

Strategy Tip - Widen Your Frame

Strategy Tip – Widen Your Frame

You are in the middle of the pack in the league standings, with your biggest opportunity to gain rotisserie points being in HR and RBI.  Your other offensive categories are solid, but you recognize that the batting average category is tightly contested.  If your team batting average were to drop a few points it would cause you to plummet in the category.

You have received this trade offer:

You Give Player A:  projected for .290 BA, 80 R, 16 HR, 65 RBI, 15 SB

You Get Player B:  projected for .245 BA, 80 R, 26 HR, 85 RBI, 5 SB

Trades like this are difficult to evaluate.  Are the additional 10 HR and 20 RBI worth the 45 point decline in BA?

The proposed deal looks great from a HR and RBI perspective.  But you have concerns about the batting average aspect.  You believe the points you will gain in HR and RBI will be canceled out by the loss in batting average.

So you reject the deal.

Framing

Enter the concept of framing, or the lens through which you view and evaluate decisions. In the scenario above, this decision was made strictly under the assumption that this was a one-for-one trade.

While the offer was a one-for-one trade, you should not treat it that way.  This is a narrow point of view.  Your decision making can improve dramatically if you widen your frame.

Back To The Example

It’s short sighted to believe that this would be the only transaction you would make to solve your HR and RBI problem.  Whether you accept this trade offer or not, your next step is probably to evaluate your bench players against the free agent list and take action there to add HR and RBI potential or to protect yourself in BA.

You’re not going to cut Player A.  It will be someone else on the chopping block.  Someone like Bench Player X.

Bench Player X:  projected for .260, 60 R, 18 HR, 65 RBI, 5 SB

And let’s assume there are two interesting free agent candidates available:

Free Agent Y:  projected for .295, 60 R, 12 HR, 60 RBI, 10 SB

Free Agent Z:  projected for .250, 65 R, 22 HR, 65 RBI, 5 SB

Player X (and the free agents) should be included in your analysis of the trade.  Widen your decision making frame. (more…)

Be A Contrarian… Zag

In this post I am going to share with you one of the simplest and most effective fantasy baseball strategies you can implement.  You’re already aware of the strategy, but I’m going to dive a little deeper and dissect it into two components.  One to apply during the off-season and one for during the season.

Teach A Man To Fish…

“The fishing is the best where the fewest go…” ~ Timothy Ferriss

I cherry picked this quote from Timothy Ferriss’ book, “The 4-Hour Work Week”.  I read the book for some ideas on how to improve this blog.  And while it has nothing to do with fantasy baseball, this particular quote does a phenomenal job of illustrating this simple strategy I want to share with you.

We all know fantasy baseball is a competition.  It’s all about gaining an advantage and differentiating yourself from your opponents.

It is impossible to differentiate yourself if you’re following the crowd.  If you’re doing the same things as everyone else, you’ll get the same results.  If you’re fishing in the crowded fishing holes, you’re battling for the same school of fish.

To separate yourself from the pack you have to think differently.  You have to be different.  

If you’re reading the same fantasy baseball advice and commentary as the rest of the competition, you’ll be battling for the same players, you’ll be employing the same strategies, and winning might just come down to luck, timing, or random variations.  I hate luck!

OK.  How Do I Apply This?

The easiest way to execute this strategy is to be a contrarian.  To zag when everyone else is zigging.  To fish where no one else is fishing.  

Think to yourself about what everyone else is doing and what you can do to be and think differently.

You can implement this thinking on two levels:

  1. Behavior and preparation
  2. Player valuation

Let’s take a look.

1.  Behavior and Preparation

This is the part of the strategy to focus on during the off-season.  It is all about out working, out smarting, and “out learning” your opponents.  Do things they’re not.  Zag.

Read (shameless plug – I’ll give you two free e-books).  Get strategies and suggestions from respected experts.  Listen to podcasts.  Don’t just show up to the draft with a token cheat sheet.  Create your own rankings.

You might not be able to do all of these things.  Not all at once and not all in one off-season.  I’m sure you have a life outside of playing fake baseball games.

But if you can study up on two or three new statistics each off-season, you are developing skills and building knowledge that will help you long-term.  Think about the knowledge you can accumulate after three, five, or ten years.  Think about the competitive advantage you can create for yourself.

Most guys won’t be doing this.  They’ll be doing mock drafts, perusing a draft guide, and reading a few sleeper articles.  The same thing year-after-year.  You can take advantage of this.

I’m a firm believer that to be the best at this game you have to make your own decisions.  Only you can be the best manager of your fantasy team.  No expert can make educated decisions for your team.  By reading and studying strategy, you are building skills that will push you in that direction.

You’re off to a good start by reading this blog.  I’m not here to make decisions for your team.  Or to tell you who to pickup or trade for.  I’m here to share important resources you can use and help you develop the skills to give you a competitive advantage.

But how can you zag when it comes to specific player-related decisions?

2.  Player Valuation

This part of the strategy that applies most in-season.  And despite what you might think, it has little to do with Sabermetrics.  You don’t need great skill in Excel.  It has very little to do with data and player analysis.  This is more an exercise in economics than it is baseball statistics.

More specifically, recognizing the optimal time to buy or sell players AND acting during those times.   “Arbitrage” is another word for this, as Jonah Keri discusses in his book “The Extra 2 Percent”.

Everyone Knows Buy Low, Sell High.  You’re Not Telling Me Anything New.

I agree everyone knows this.  But all that “buy low, sell high” advice is in terms of player performance.

To take this strategy to the next level (more…)