Jacoby Ellsbury finished third in the majors with 50 SB last year. Along with his 98 runs scored and his .280 batting average, Ellsbury posted a $21.55 dollar value last year, according to the RotoTimes Player Rater. That was the 32nd-best season by a fantasy hitter last year. The mock drafters are not completely sold on Ellsbury, giving him an ADP of 57 according to the latest update over at Mock Draft Central.

Ellsbury made 129 starts last year, a figure that should go up with Coco Crisp no longer around to siphon off playing time. That should translate into better counting numbers, including steals. As for his average, all five of the projection systems see him besting his .280 of a season ago. Last year, Ellsbury had a .314 BABIP, a reasonable number given his speed, groundball tendencies (51.7%) and line drive rate (20.3%).

Ichiro Suzuki is a similar player to Ellsbury. Here are their fantasy lines from 2008:

IS – .310-6-42-103-43
JE – .280-9-47-98-50

Now, 30 points of average is a big difference but is it worth 29 slots of ADP? Certainly, Ichiro has more of a track record and could realistically post an even higher AVG in 2009. But Ellsbury could see a boost in his numbers thanks to both the expected playing time bump and the normal improvement from a young player. Would a 60-SB, 110-R season from Ellsbury be a surprise?

Ellsbury is not going to be a big threat in either HR or RBI. But with above average production in runs along with one of the best SB totals in the game he should provide great value for fantasy players, especially given his current ADP.

Shane Victorino made a great leap forward in 2007, doubling his HR output and seeing a nine-fold increase in his SB totals. He kept those gains in 2008, although in over 117 more plate appearances. Fantasy owners are big believers in Victorino, as he now holds an ADP of 51 according to the latest update over at Mock Draft Central.

Victorino, while no slouch in other categories, gets most of his value from steals. Over the past two seasons, he ranks 10th overall in SB with 73. So the big question for him going forward is how likely is he to maintain his current level of production.

In 2007, Victorino was safe on 37 of 41 attempts for an outstanding 90 percent of his stolen base tries. Last year his success rate fell to 77 percent, still a fine number but off considerably from just a season ago.

The four projection systems that predict SB all show Victorino with less than 30 in 2009. CHONE gives him 23 SB, which is the 46th-best mark in the system. ZiPS has him down for 24, which is tied for 62nd-best in the majors.

Marcel, which uses a weighted average of the past three seasons, gives him 26 SB which ties him for 13th-best. The Bill James system gives him 27 steals.

A 10-bag drop in stolen bases would have a huge impact on Victorino. Those who spend a late fourth or early fifth-round pick on him are betting that he can beat the projection systems. This is not an unreasonable wager, he has done it the past two seasons, but a pick that early values Victorino at the top of his range.

Last Player Picked has Victorino as the 43rd-best hitter in fantasy baseball last year. If he matches what he did last year, he gives you equivalent value for his ADP. But there seems to be very little upside for Victorino there and the real possibility that he turns into a disappointment if he fails to crack 30 steals.

After a down season in his sophomore year in the majors in 2007, Brian McCann bounced back last year to be in the top four among catchers in AVG, HR, RBI and Runs. The projection systems predict McCann essentially to repeat his 2008 performance this year and the mock drafting crowd agrees, making McCann the second-rated catcher with an ADP of 46, three spots behind Russell Martin.

McCann had nothing fluky in his profile last year. He hit equally well at home and on the road, versus LHP and RHP and both before and after the All-Star break. He posted the highest BB% of his brief career, and checked in with a 10.1 percent walk rate. His K% dropped over two full points to 12.6 percent and his BABIP was a normal .308 for the season.

With McCann the question is not so much where he rates among players at his position, he clearly ranks among the top catchers in the game, but rather when to draft catchers. According to the RotoTimes Player Rater, McCann turned in a $13.94 season last year. That placed 64th among hitters in mixed leagues. Add the top pitchers to the pool and does it make sense to spend a fourth-round pick on McCann?

Yes it does.

One of the challenging things to incorporate into projections is position scarcity. Last year Mauer was the top catcher with a $14.89 value. There were 12 first basemen with higher dollar values. Mauer’s $14.89 was worth more than Derrek Lee’s $15.96, much like how a run in the Astrodome in 1968 was worth more than two runs in Coors Field in 1996.

Yet somehow it is easier to wrap our heads around the idea of park factors and run environments than it is to understand position scarcity. Perhaps this is because when we attempt to calculate position scarcity, we have to not only compare how each player at a position does versus his direct peers, but also how that rates with all of the players in MLB.

Catchers are undervalued by their raw stats. The next time you participate in a mock draft, try drafting a catcher in the first three-to-five rounds, if you do not normally do this. And then examine the impact on your team and see if you are better off with McCann as your catcher than with Yadier Molina or whomever you normally get in the 20th round, even though you passed on an impact hitter like Nick Markakis or Jason Bay.

Properly calculating position scarcity is beyond the scope of this piece. It is one of the most valuable things at pay sites ranging from FantasyPros911.com to BaseballHQ to The Fantasy Baseball Sherpa. But position scarcity is real and it makes McCann a good value at his current ADP.

Curtis Granderson was a fantasy star in 2007, when he posted a .302-22-74-122-26 line, which was the 16th-best overall season according to the RotoTimes Player Rater. But Granderson came down with a broken finger in Spring Training last year and missed the first 21 games of the season.

He was not as dominant as he was in 2007 but Granderson still had a $16 fantasy season last year. Somewhat surprisingly, he nearly matched his big year in HR and RBIs, but fell off significantly in SB and AVG.

The projection systems do not see a rebound in average, mainly because his .302 mark in 2007 was fueled by a .362 BABIP, a mark Granderson is unlikely to duplicate. But the projections are also bearish on the 28-year old returning to 20+SB. The three systems that predict steals show him with 13 (Marcel) or 14 (Bill James and CHONE).

But there is a better chance for Granderson to approach his 2007 SB numbers than to hit .300 again. And it goes back to his broken finger. Doctors recommended that Granderson go easy in all workouts while he was recovering from the finger injury, worried that he might jar the finger and suffer a setback.

When Granderson returned, his legs were not in the shape they normally were and his running game suffered. After being successful on 26 of 27 attempts in 2007, Granderson was thrown out on four of his first eight attempts last year. But he was successful on his final eight tries of the year, and only a brutal September, in which he batted .192 with a .294 OBP, kept his attempts down.

A 25-HR, 25-SB season is not out of the question for Granderson. And combined with his likely high Runs total (he averaged 117 runs the past two seasons), Granderson has the potential to be a top-25 fantasy hitter. He currently has an ADP of 49, making Granderson a potential bargain for owners who get him in the late fourth or early fifth round.

Carl Crawford gives owners high average and lots of steals as well as contributing in the other three categories. This led him to an ADP of 15 prior to the 2008 season. But finger and hamstring injuries led to a sub-par year for Crawford. This year, mock drafters are being cautious with the Tampa Bay outfielder, giving him an ADP of 29.

All four of the major projection systems see Crawford bouncing back to an average in the .290s this season. The difference is in how valuable they see that being worth. CHONE sees Crawford’s .298 as the 17th-best mark in the majors. Marcel shows his .292 as the 46th-best while Oliver has his .292 as the 31st-best.

The projection systems also show Crawford with 30+ SB. He fares better in this metric, as CHONE has him tied for seventh in the majors with 38 steals and Marcel has him tied for ninth with 32.

The problem is that these are Crawford’s best categories. He needs an average solidly-above .290 and SB totals well over 35 to merit his current ADP. That is because the predicted HR power has simply not materialized for Crawford. Only once in his six seasons as a regular has he cleared double digits in HR/FB rate. That came in 2006 when his rate was 12 percent and he hit a career-high 18 homers.

Before you spend a late-second, early third-round pick on Crawford, be sure you are comfortable projecting the stats for him to return that value. His career-best average is .315, his top mark in runs scored is 104 and his best RBI season is 81. And before you decide he is a lock to steal 50 bases because of his fabulous success ratios, ask how likely it is that Tampa Bay will allow him to attempt the 60-70 steals he has previously in his career, especially since he no longer slots in as the team’s leadoff hitter.

In 2007, Prince Fielder hit 50 HR and was considered one of the top sluggers in the game. Heading into the 2008 season, Fielder had an ADP of 11. However, those who took Fielder that high suffered through a rough beginning of the season. Through May 29th, he had just six home runs and 25 RBIs in 194 at-bats. For the rest of the season he had 28 HR and 77 RBIs in 394 at-bats.

For the season, Fielder had a $17.23 dollar value according to the RotoTimes Player Rater and finished outside of the top-40 fantasy hitters. This year, fantasy owners are splitting the difference between 2007 and 2008, giving Fielder an ADP of 26 according to the latest update over at Mock Draft Central.

Much was made last year about Fielder becoming a vegetarian. Many people blamed the slow start on his dietary decision. But slumps happen. Fielder’s poor stretch simply happened at the beginning of the season and was more noticeable.

But much like Carlos Delgado, Fielder had two poor months and four good months last year. And the four good months were the final four of the season. Now, we don’t get to pick the months that we want to count from a player’s stat line. The season is six months long and each month counts the same.

However, when projecting players into the future, one should take into account as much information as possible. We know that Fielder hit 50 HR in 2007. We know that his final four months of the season he was on a pace for 42 HR. In the past two years, there is much more evidence that Fielder is a 40+ HR player than there is that he is a <35 HR player.

One could easily counter that if we are going to look at all of the information, we should include 2006, when Fielder hit 28 HR in 569 at-bats as a 22-year old. And I won’t quibble with that one bit. It is my belief that we should put more weight on the more-recent performance, especially given his age.

If you are comfortable projecting Fielder as a 40-HR guy, that makes him a top-20 hitter, assuming he can keep his average in the .275-.280 range. Three of the four projection systems show Fielder clearing the .280 mark this season.

Fielder may be slightly undervalued by the mock drafting crowd. The mockers prefer Justin Morneau, who on average is going six slots ahead of Fielder. Morneau provided much more value in 2008, but I would prefer Fielder’s power over Morneau’s RBI bat this season.

Cole Hamels will be a lightning rod figure between two camps this year. Sure, there is the whole Mets-Phillies thing, with Hamels implying the Mets were chokers, but I was thinking of a rivalry of a different sort. In the scouts versus stats conflict, Hamels should be a test case for the validity of each side.

From the traditional point of view, Hamels put up his second straight outstanding season. He finished 2008 with 14 wins and set career highs in ERA (3.09), strikeouts (196) and WHIP (1.082). Last year Hamels was the seventh-best fantasy starter. He earned an $18.89 dollar value according to the RotoTimes Player Rater. And if that wasn’t enough, Hamels thrived in the post-season, going 4-0 with a 1.60 ERA for the World Champions.

But things do not look so rosy for Hamels in another context. His K/9 dropped for a second straight season and checked in at 7.76 last year. Hamels’ FIP was 63 points higher than his ERA, the 16th-highest mark in the category. He also had a .270 BABIP despite allowing a career-high 21.8 percent LD%. Hamels placed 13th in Baseball Prospectus’ Pitcher Abuse Points list, with only two hurlers ahead of him, Tim Lincecum and Matt Cain, younger than the Phillies’ lefthander.

And the 25-year-old Hamels also is one of the pitchers susceptible to the “Verducci Effect” in that he increased his workload by 44 innings from the year before.

So far, mock drafters have sided with the traditionalists, as Hamels has an ADP of 41 and is the fourth SP off the board.

Hamels will have to improve on last year’s outstanding season to be worth a fourth-round pick. And there are enough warning signs around him to make passing on him in that slot an easy choice. Jake Peavy, Brandon Webb and Roy Halladay are all being picked behind Hamels in the fourth, with Dan Haren available a round later.

In 2006 Alfonso Soriano was the third-best fantasy hitter, thanks to a season that included 46 HR and 41 SB. Injuries curtailed his production in both 2007 and 2008, with a fractured left hand causing Soriano to miss 34 games last season. Currently, he has an ADP of 23, as fantasy owners are optimistic he will play a full season and approach the lofty levels he enjoyed back in 2006.

It is doubtful that Soriano will come close to 41 SB. He attempted 25 and 22 steals the past two seasons. And while those numbers would have been higher in a full season, even pro-rated they come up short of the 58 attempts he had in 2006. Soriano remains an excellent percentage base stealer (a fantastic 86 percent success rate in 2008) but at the age of 33 this season, it is likely his 40-steal days are behind him.

However, a return to 40 HR is not out of the question if he can play in 150 games. Soriano hits the necessary number of fly balls; his 48 percent fly ball rate ranked seventh in the majors in 2008. And while his 17.1 percent HR/FB rate was above average, it is in line with what he has done previously. His lifetime HR/FB mark is 15.7 percent.

But none of the four projection systems thinks a 150-game season is on tap for Soriano. Bill James is the most optimistic in regards to playing time, and it forecasts 140 games and 576 at-bats. On the other end of the spectrum, Marcel and Oliver see 465 and 461 at-bats, respectively. Soriano had 647 at-bats in his standout 2006 season.

With the questions about his playing time and how many steals he will likely post, it seems that Soriano is being slightly overvalued in the mock drafts. If you are intent on drafting an outfielder, Carlos Lee and Ichiro Suzuki would be potential replacements, with the latter’s AB-heavy AVG a nice thing to have.

One of the most undervalued fantasy players year-in and year-out is Carlos Lee. Last year, Lee was on pace for one of his best seasons ever before a finger injury ended his season in early August. At the time, Lee was in the midst of a prolonged hot streak. In his final 243 plate appearances of the year, he had a .366/.432/.648 line with 16 HR and 54 RBIs in 216 at-bats.

On first glance, it looks like Lee has declined two straight years, with falling numbers in HR, R and SB. Because of this, the Marcel and Oliver projections are not kind to Lee. Fantasy players perhaps have similar notions, as Lee has an ADP of 27 according to the latest information from Mock Draft Central. That makes him the ninth-rated outfielder.

Earlier, I extolled the virtues of Mark Teixeira and noted how he had averaged a .298-35-120-100 fantasy line over the past four years. Well, Lee has a .294-32-112-85 line in that same time frame but also has averaged 12 SB per year. If Teixeira is properly valued at 13, does it not seem a little low for Lee to be at 27?

Throughout his career, Lee has been very durable. Last year’s finger injury was a freak accident and reports have him representing Panama in the upcoming World Baseball Classic. Lee has seen no drop off in his hitting skills. He still does a good job with his plate discipline and his batted ball profile with a 21.2 percent line drive rate and a 43.6 percent fly ball rate last year stacks up nicely with his career numbers. Any fantasy player who gets Lee in the third round this year should be extremely happy.

Over the last four seasons, Mark Teixeira has averaged a .298-35-120-100 fantasy line. Last year he nearly perfectly matched those numbers. Teixeira is one of a dozen or so players to consider for a late-first, early-second round pick and is the textbook definition of consistency that one should look for from an early pick.

When making a choice from many evenly-matched players, a fantasy owner should consider numerous factors, among them how he wants to build his team. Obviously, if you pick Teixeira you are putting yourself in a hole for SB. In his six-year career, he has just 13 steals or five less than fellow first baseman and late-first/early-second pick Lance Berkman had last year alone.

Another thing to consider is what significant changes are in store for the player. And for Teixeira the big news is his move to the Yankees, where he will be under the microscope like never before. However, Teixeira has handled big expectations in the past, as he was dealt twice in the past two years to teams that had great hopes he would be the final piece.

While it remains to be seen how Texieira will hit in the new Yankee Stadium, he has done well as a visitor in New York. He had a .305/.354/.524 line in 113 PA in Yankee Stadium and a .405/.425/.676 one in 40 PA at Shea.

All four of the projection systems see Teixeira likely to repeat his numbers from the past four seasons. Marcel has him coming up short in the counting categories, but that is mainly because it projects him with just 513 at-bats due to his injury-shortened 2007 season, when he missed 27 games with a strained quadriceps injury. Teixeira played 157 games last year.

Currently, Teixeira has an ADP of 13. He has gone as high as the fifth overall pick and as low as 20th in the last 708 qualifying drafts over at Mock Draft Central. While his lack of steals is a concern, the excellent production in the other four categories makes Teixeira a fine pick anytime after the ninth slot.