Archive for Auction

Auction Market Values — REVISED!

Nobody knows whether the great novelist Joseph Conrad played Fantasy baseball. He died in 1924, so perhaps not, but a passage in one of his novels suggests that he envisioned it. In The Secret Agent, a character entertains the “horrible notion that ages of atrocious pain and mental torture could be contained between two successive winks of an eye.” We can now attest to the accuracy of that notion, because we had such an experience in a Fantasy baseball auction last Sunday. We had neglected to stock our catching staff, and, as a result, between those two successive winks we were compelled to place a $7 bid on Francisco Cervelli. “Pain” and “torture” were indeed the centerpieces of our experience in that instant.

We were going to report on the above-referenced auction in this week’s installment, but frankly it’s just too embarrassing. Consistently undervaluing catchers until we were stuck with a $7 Cervelli and a $2 Jason Castro was just the most egregious of our errors. But our loss is your gain, because we decided to write something useful for a change: a review of auction market prices.

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Navigating the Auction

Last night I completed my third straight ottoneu auction in as many nights, and sixth overall so far this draft season. Every year the auctions I’m a part of seem tighter and more difficult, but the massive hours I’ve spent participating in ottoneu auctions the past two seasons has given me a good feel for what to expect. Let’s take a look at the different auction phases, and the strategies for dealing with them.

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Buying and Selling Team U.S.A.

The 2017 World Baseball Classic has been riveting thus far. Many of the teams are loaded, and the players and fans have been wildly into it. Saturday’s game between the Dominican Republic and the United States was perhaps the greatest heavyweight match-up the game has ever seen. The lineups on both sides were absurd, and the game lived up to the hype. The Dominicans overcame a 5-0 deficit to win in dramatic style, 7-5.

The Dominican lineup could be the best ever, but the United States gives them a run for their money. Since the majority of FanGraphs readers are, presumably, American, and pulling for Team U.S.A., it struck me that it would be fun to analyze the roster from a fantasy perspective. Although many on the roster are undisputed stars, there are overrated players, players to avoid for other reasons, and potential bargains mixed in. Let’s get right into it, analyzing the starting position players on Team U.S.A.: Read the rest of this entry »


The Sleeper and the Bust Episode: 435 – NL LABR Deep-Dive w/Doug Dennis

3/8/17

The latest episode of “The Sleeper and the Bust” is live!

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Doug is on the phone so it’s phone-soundy, but that’s just the risk/pitfall of a phone call. It’s still quite listenable, especially because the content is lit. Yes… it’s lit.

Strategy Section: NL LABR Breakdown

  • Gameplan going in
    • Catcher focus
    • Low-dollar pitching
  • Billy Hamilton and his in-season tradeability
  • David Dahl’s injury
  • Favorite buy on your team
  • Biggest regret
  • Favorite buy leaguewide
  • League Trends

Elvis Andrus and Eduardo Nunez: Buying the Breakouts

In fantasy auction leagues, among shortstops, many in the top- and middle-tier are either extremely pricey, or risky, or both. There are important question marks about some of the players that should give owners pause before making hefty financial commitments: Can we trust less than a full season of data on Trea Turner and Aledmys Diaz? Are Brad Miller and Jonathan Villar really worth their hefty price tags? Is Troy Tulowitzki just OK now, and can he stay healthy? Is this the year Addison Russell breaks out offensively?

If you don’t want to spend a fortune on one of the very best shortstops, it may be worth considering some of the names at the bottom. Among those are two shortstops who quietly had breakout campaigns in 2016.

Elvis Andrus has had a very strange career. He burst onto the scene as a 20-year-old rookie in 2009, and helped the Rangers win back-to-back American League pennants in 2010 and 2011. Andrus’ elite defense and contact skills earned him an 8-year, $120M contract with Texas in 2013, despite the fact that at the time of the signing Andrus had just an 87 wRC+ and .314 wOBA in his career. After he signed the contract, Andrus had just a 78 wRC+ and .292 wOBA from April 2013 through the end of the 2015 season.

However, in 2016, things changed in a big way. Andrus batted .302/.362/.439 with a 112 wRC+ and .344 wOBA. It was his first wRC+ above 97 and his first slugging percentage above .378. His .136 ISO was also a career high, easily surpassing his previous high mark of .099. The following tables help explain Andrus’ breakthrough season: Read the rest of this entry »


The Sleeper and the Bust Episode: 434 – AL LABR Deep-Dive

3/6/17

The latest episode of “The Sleeper and the Bust” is live!

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Strategy Section: AL LABR Breakdown

  • Speed market
  • Closer market
  • Shiny new toys
  • David Price
  • Positional review

LABR Links

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2017 Ottoneu FGpts Rankings: SP/RP

We’ve been rolling through our ottoneu FanGraphs points league rankings. This year the rankings will include values from myself, Justin Vibber, and Chad Young. We are presenting our individual dollar values, the average of all three individuals, plus the ranking of that average. In addition the tables below include Ottoneu eligibility (5 games started/10 games played in the prior year). Players are ranked at their most valuable position, and the hierarchy we are using is C/SS/2B/3B/OF/1B (with 3B and OF being a coin toss in terms of replacement level, we chose to include 3B/OF eligibles at 3B).

Prior Rankings: C/1B/3B, 2B/SS, OF

Key:
Split – Difference from highest to lowest $ value
Otto.– Average price across Ottoneu FGpts leagues
AVG. – Average $ value from the four of us
(+/-) – Difference between Ottoneu average price and our average $ value

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They’re Both the ‘Most Underrated’

Champions League B, an Ottoneu league in which all owners must have previously won an Ottoneu league, had its inaugural auction draft last weekend. First-year auction drafts are compelling and informative, especially when the league is made up of skilled and experienced owners. Theoretically, in first-year auctions, all players should be purchased at or near their actual value. There shouldn’t be too much obvious surplus or too many colossal overpays.

Bargain hunting is a delicate endeavor in a first-year auction. Owners can hunt for potential bargains by targeting players coming off down seasons. Andrew McCutchen comes to mind. So does Yasiel Puig. Buying such players can be risky, because their recent poor play may be indicative of future performance. However, it can also be rewarding, because if the player bounces back he may return more value than his price warrants. Having so-called surplus assets is one of several keys to success in Ottoneu.

McCutchen and Puig saw their value decline because of uncharacteristically poor performance on the field. Another type of player to target when searching for surplus is players coming off injuries. Two specific examples are among the most compelling and potentially undervalued fantasy assets in the game. They’re the same age (29), and they play on the same team. They have remarkably similar career numbers and both had season-ending injuries in 2016. Below are the career totals for underrated co-stars A.J. Pollock and David Peralta: Read the rest of this entry »


Finding Second-Base Gems in Yahoo’s Average Auction Values

Yahoo launched their fantasy baseball site for 2017 over three weeks ago, which means that by now, there should be some solid trends to analyze in their average draft position and auction value data. There’s some surprises to be found in the early returns, so let’s dive right into the top 12 by average auction price. (When looking at the 2016 values, keep in mind that Turner and Gordon each played roughly half a season, and Carpenter dealt with an oblique injury.)

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Auction League “No Scrubs” Approach

Yesterday, I participated in a 12-team NL-only auction league hosted by CBS (full analysis available soon from CBS). To add a wrinkle to the experience, I decided to try to construct an average team. No studs, but especially no scrubs. Just spend as close to $11.3 per player as possible. The main reason for this approach is that I wanted to stay away from the bottom feeders common in “Only” auctions. I was looking for regulars across the board. The strategy fell apart as my fortitude and simple rules failed.

First off, I wasn’t able to do much auction planning since I found out about it less than a week ago. Additionally, I didn’t want to use the traditional spread-the-risk approach of a bunch of $20 players. Mine idea was a No Scrubs approach. With $20 players, several $1 players enter the team. I wanted semi-talented players with jobs for every position.

After creating projections using the SGP method, I had to come up with an auction framework. In their book, Simple Rules, Donald Sull and Kathleen Eisenhardt go over how to create and utilize simple rules. Here their basic premise.

You want to make the rules as simple as possible to increase the odds that you will follow them. You can also limit your rules to two or three … to increase the odds that you will remember and follow them.

All right, I decided to go with just two rules.

  1. Targets players between $5 and $17 ($11 +/- $6). I would not be able to get every player for exactly $11, so I was going to need some leeway.
  2. Don’t overpay or reach for players.

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