Last week I examined ESPN’s mid-May fantasy baseball rankings in the context of hitting. Now I want to write a few things about pitching. As with hitting, the rules of the game make all the difference. Here, again, are three examples.
First, head-to-head is not rotisserie. ERA and WHIP are incredibly volatile on a week-to-week basis. Far more predictable are strikeouts, saves, and wins (see my Wins by Category analysis). Saves are a special category of their own (see below). But any fantasy manager can prioritize strikeouts. And any manager can examine the depth chart of run-scoring teams to find decent, if not great, pitchers that get some strikeouts and compete for wins. By this standard, Tim Hudson is wildly over-rated for head-to-head play. His prospective run support is good, but not great, and despite his sterling ERA and WHIP, he has only 27 Ks in 64.1 innings pitched. I’d rather gamble on Ian Kennedy.
Second, most leagues, rotisserie and head-to-head, use some kind of start or inning limits. In leagues with deeper rosters this often leaves room for quality non-closing relievers such as Daniel Bard or Luke Gregerson, neither of whom makes ESPN’s top 300. Both of these pitchers have more strikeouts than Tim Hudson in half the innings pitched. They help push down ERA and WHIP. Most importantly, these guys are generally available to fill out a 23- or 24-man roster. They cost little to nothing and in leagues that use a start limit, they add strikeouts, quality innings, and vulture wins and saves while subtracting no starts.
Finally, let’s consider closers. I believe that most analysts undervalue closers. In head-to-head, this problem is magnified.
The disdain for closers arises from the all-or-nothing nature of the save stat. If a high-priced closer gets injured or replaced you lose almost all of your investment. Even coupling a closer with his backup doesn’t necessarily protect you. The backup is simply not likely to have the talent or the job security of the original closer. (I know this well. I owned Eric Gagne and Yhency Brazoban in 2005.)
However, the flip side of this risk is high reward. The limited number of closers makes saves the single most predictable stat category in head-to-head. While a team of middling hitters can often take a few hitting categories from a superior hitting team, and a team of middling starting pitchers can easily make a run at the ERA and WHIP points, the team with three or four closers will almost always take the saves point. If you go into a single elimination playoff game against an opponent with more closers, you are likely down a point before the match even starts.
High-risk goes with high-reward. The former fact should not obscure the latter.

