Welcome back to the SP Drip. My goal for this bi-weekly column is to comb through the upcoming schedule each week to find a few under-owned pitchers (less than 50% ownership across Ottoneu) who could be used to help you hit your games started cap in head-to-head leagues or to make sure you’re hitting your innings pitched cap in points leagues. Tuesday’s article will cover the weekend (Friday, Saturday, Sunday) and Friday’s article will cover the upcoming week (Monday, Tuesday, Wednesday, Thursday). That way, you’ll have time to start your auctions in time to actually drip these pitchers into your lineup.

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It’s an annual tradition to sit down to write this and feel like every prediction is either too bold or not bold enough, at which point I adjust them all and then they flip – the “too bolds” becoming too tepid and vice versa. This year I am just sticking to my initial predictions and living with the consequences. So enjoy my ten bold predictions – and feel free to share more in the comments!

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The 2023 version of Ottoneu Hot Right Now will include three different sections:

1. Current Auctions: A closer look at players being auctioned at a high rate.
2. Roster Adds: Analysis of players with high add% changes.
3. Hot Performers: Players with a high P/G or P/IP in recent weeks.

The FanGraphs Ottoneu team plans to run this feature weekly, updating fantasy managers on the biggest movers in Ottoneu leagues with an analysis of how these players could or could not help your roster.

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Welcome to what I hope will become a regular bi-weekly column this season. Streaming starting pitchers is a popular and effective strategy in fantasy baseball but the benefits are largely lost in a dynasty format like Ottoneu. The 48-hour in-season auctions make streaming in this format an exercise in foresight and planning while the deep rosters make finding starting pitching on the waiver wire tougher than in other, shallower formats. But finding ways to fill your innings pitched or games started cap is a real concern for many teams, especially considering the rate of attrition for pitchers in the modern era. In Ottoneu, you can’t really stream, but you can drip.

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Draft season is almost over and the regular season is just over the horizon. I’m sure there are a few leagues drafting at the last possible moment before Opening Day on Thursday, but I figured we could do a little auction analysis to see which players have gained or lost value during the preseason.

First, I pulled some data on players auctioned since February 1 in all FG points leagues. Then I pulled some data from the Average Salaries page to use as a baseline. Obviously, the average salary listed on that page will include players auctioned during this draft season, so it’s not a perfect comparison, but it’ll do. I’ve also compared the 2023 auction data against the listed “Last 10” value from the Average Salaries page to give a sense of how auction values have changed recently. The tables below will show the top 10 value gainers and losers for both of those measures.

Value up

This list is mostly populated with youngsters who were likely kept at very reasonable values but auctioned closer to their true talent level. For the most part, the average values from this draft season fall pretty close to where I had ranked them earlier this offseason; The outliers are Julio Rodríguez and Bobby Witt Jr. Rodríguez’s helium makes sense after a phenomenal rookie campaign and an offseason where he’s been positioned as the face of the future of baseball. I picked him up in a first-year league for $45 this year, which now seems like a bargain considering where his average value lies.

Witt’s rise in value is a little tougher to parse. He didn’t have as sterling a rookie year as Rodríguez, but the talent is undeniable. I ranked him in the $15-$19 tier but he’s being auctioned closer in value to Marcus Semien, Wander Franco, and Xander Bogaerts. The projections see him improving over his 99 wRC+ he posted in 2022, but not to the level of those other three. His positional versatility probably helps boost his value a tiny bit, but I’m not sure I’d be comfortable paying more than $20 for him right now.

More recently, we’ve seen some spring standouts gain value with WBC MVP and all-world superstar Shohei Ohtani seeing the biggest leap. And with good reason too. With the change in how Ottoneu handles two-way players this season, managers will be able to earn both hitting and pitching points on days where the player is accumulating both. Ohtani was already incredibly valuable in this format and this adjustment will only help managers squeeze every single point out of his two-way eligibility.

Another spring standout who has seen a recent rise in value is Matt Olson. He launched his eighth spring training home run on Monday and looks poised to have a monster season. He struggled a bit during his first year in Atlanta, suffering through a 35 point drop in wOBA fueled by deteriorating plate discipline metrics. If he’s able to get his strikeout and walk rates back in line with where they were during his 2021 breakout while also benefiting from the shift ban, he should be able to blow past his current value.

Kwan is another interesting riser. I wrote about the risks associated with him in my outfield rankings article, but the TL;DR version is that he’s overly reliant on good outcomes on all of his batted balls to truly be an elite points league accumulator. Just look at what happened during his first two months in the league where he posted a .259 BABIP and a 105 wRC+. An $18 salary puts him around guys like Cedric Mullins, Nick Castellanos, and Taylor Ward, all of whom I view as having a higher ceiling due to their potential power output.

Value down

The list of players whose values have fallen is unsurprisingly headlined by a bunch of injured players or players with significant injury risk. The surprise here is Xander Bogaerts. I wrote about why I like him more than the market in my shortstop rankings article and my thoughts haven’t changed. He’s been extremely consistent over the last five years and has a fantastic lineup surrounding him in his new home in San Diego. I get that there’s a bit of concern with both his barrel and hard hit rates falling last year, but I’m betting he’ll be just fine. Bogaerts was auctioned for just $17 in the FanGraphs Staff League and I’m confident that’s going to look like a steal by the end of this season.

Again, the list of recent value losers is populated with guys who have picked up spring injuries. Altuve, Hoskins, Iglesias, Polanco, Díaz, and Severino are all on track to start the season on the Injured List and two of those guys were lost for the season. The drops for Kershaw and Darvish appear to be connected to age-related risk; the former looks healthy and ready for another strong season and the latter was slow to ramp up due to the WBC, but looks poised to join the Padres rotation as the fourth or fifth starter.

I can’t really figure out the drop for Starling Marte. He’s enjoyed a solid spring, with a .344/.361/.563 slash line in 36 plate appearances. Over the last two years, he’s posted a 135 wRC+ with solid peripherals. He did post his highest strikeout rate since 2016 last year and his barrel rate didn’t exactly support his .176 ISO, so I suppose there’s a bit of concern there. Still, his recent average salary feels like a pretty decent bargain on an excellent veteran contributor.

The draft for League 32 – Fantasy Field of Dreams is scheduled for this Sunday and I’m facing a dilemma. If you’ve been following along with this series, I’ve been detailing my journey through rebuilding this team that began last season. In my last entry, I wrote about some general draft strategy for rebuilding clubs, but as I sit just a few days away from actually entering the draft room, I’m having trouble deciding which direction to take my team.

Here’s where my roster currently stands:
Hitters:

Pitchers:

I’m spending $249 on 30 players leaving me $151 to spend on my 10 remaining roster spots. I don’t have the highest total available cash in the draft — five other teams have more to spend — but I do have the highest available cash per roster spot by a pretty wide margin, giving me some nice spending power to fill the holes on my roster.

Before we really dive into the available paths forward, I want to take a step back and talk about my approach to draft prep. I’m a big believer in budgeting per position and creating tiered lists of players to give me a pretty easy path towards ensuring I’m wisely allocating my resources across my roster. I really don’t want to head into a draft without some sort of plan in place and a decent idea of how much money I want to spend on each roster spot I need to fill. Here’s what my ideal budget would look like for the roster spots I need to fill:

If I start out the draft by winning, say, Bryce Harper for $40, based on my budget, I know I’ve got an extra $10 to either allocate to another position or bank for the waiver wire during the regular season. And if I end up splurging on, say, Mike Trout for $60, I know I’m going to have to reallocate some resources from another position to account for the overage.

The way I see it, I need two first basemen, a starting outfielder, a second catcher, a couple of starting pitchers, and a couple of relief pitchers. Those last two roster spots can be pretty flexible and that’s potentially the source of my dilemma. Currently, I’ve got Jorge Polanco and Max Muncy penciled in at second base and third base but the ongoing injury issues of the former give me some pause. For the latter, Muncy’s dual eligibility at second and third give me some options with how to proceed, though he’s probably better deployed at second from a value perspective.

Of course, the available talent pool at second is a lot deeper than it is at third which just adds another compilation. The keystone has players like Mookie Betts, Brandon Lowe, Ozzie Albies, Ketel Marte, Gleyber Torres, and Jonathan India all available while the best third baseman in the pool is either Anthony Rendon or Matt Chapman with very few options after that. Spending a bit on a second baseman and playing Muncy at third is probably the best course of action, all things considered.

At first base, I had a solid plan in place until yesterday when Rhys Hoskins tore his ACL. He was clearly the top available option at the position and the rest of the available players are a pretty significant step-down. Spencer Torkelson seems like the best fit for my roster and where it is in the competitive cycle. Beyond him, the options are down to veterans like C.J. Cron and Wil Myers or utility players like Brandon Drury and J.D. Davis. Luckily, most of the money I thought I was going to be spending on Hoskins can now be spent elsewhere because no other first baseman is going to command the kind of salary he would have if he was healthy.

Because I have a lot of cash to spend per roster spot, I can play around in the top tiers of the available outfielders, picking from Mike Trout, Bryce Harper, Betts, George Springer or Masataka Yoshida. But the amount of money I spend on this position will have some pretty significant downstream effects on the kinds of players I can afford later on in the draft. I could go big and grab Trout and spend a lot less on my other roster spots or try and pick up Harper for a discount because of his elbow injury.

On the pitching side of things, there are relatively few top-tier options in the player pool right now; Max Scherzer and Blake Snell are the best available starters and I’m definitely not going to pay top dollar for any relievers at this point in my rebuild. I’m perfectly comfortable picking from the wide range of mid-tier starters that are available and then picking the best $1 relievers with upside I can find at the end of the draft.

I have three paths in front of me depending on how I want to allocate my resources, and I’m asking you, dear reader, to help me decide which way to go.

In this scenario, I’d split the majority of my cash between Betts and Harper while picking up a few solid depth pieces elsewhere. I have a lot of money budgeted for Harper, and while his recovery process has been better than expected, I still expect to get a pretty big discount on him since he’s still projected to miss a large chunk of the season. Targeting him is more about trying to acquire him for a reasonable salary so I can keep him next year, a little further into my rebuild. Betts is clearly the top 2B available, and depending on his salary and position eligibility, could be keepable next year too. He’ll also make a really enticing trade chip this summer if I’m looking to continue building my team for the future.

The problem with this plan is the lack of planned salary room at the end of the draft. I’ve budgeted nearly every available dollar, and while I expect some of those players to come in under budget, I probably won’t have much cap space to play on the waiver wire during the season.

If I’m going to budget that much money for an outfielder, I might as well go all the way and spend on the best option available. Like Betts, Trout could be a keeper next year if his salary is reasonable, but he’s almost certainly going to be used as a trade chip at the trade deadline. India is a solid bounce-back target who is still super young, and with the depth at the position, I could spend a little more on someone like Marte or Torres if I had some extra cash available. I also allocated a few more resources for my starting pitchers in this scenario, but I could save money there too by sticking with my mid-tier plan from the first scenario.

This scenario is all about spreading my resources out as widely as possible across my roster. Rather than targeting one of the top options at any given position, I’m looking to pick up solid contributors at every position. The other benefit of this approach would be a larger amount of cash left over to use during the season. I think if I weren’t rebuilding, this would be the way I’d want to go. It gives me a ton of points across the board, lowering my risk in case one of these players doesn’t work out as expected.

If you want to try and craft another approach with other available players, here’s a list of free agents in the league.

So, which approach should I go with?

This is the third installment of this annual Ottoneu tradition. In 2021, I broke the 12 players I rostered most into six buckets of types of players I look for. In 2022, I covered the five players I rostered in more than half of my Ottoneu leagues. This year will look more like last year – the 2021 piece still basically holds true, even if the names have changed, so no need to rehash it.

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ZiPs 2024 gives us some insight as to how prospects will perform if and when they make it to the big leagues. If we can get a general sense of how a player will perform with projections, we can get a general sense of how much they should be valued. To call this process an oversimplification is to look up at the sun and say, “Bright!” Yes, it is an oversimplification, that’s a given. First, we’re trying to predict not only the future performance of a player who hasn’t actually done it yet. Next, we’re trying to determine how much that performance will be worth without any real context. Where will they play? Who will be on their team? Are they as mentally strong as they are physically strong? Finally, we’re assuming they’ll be healthy.

This oversimplified process can only give us a sense of who might perform like a big leaguer in 2024 and since I’m writing from a FanGraphs points scoring system viewpoint, we can make comparisons with other, more established pitchers. Here’s a reminder of my process. First, I find prospect pitchers yet to debut using The Board. Next, I bring in the ZiPs 2024 projections for the players on that list. Not all of them have projections. After that, I convert their projected stats into FanGraphs Ottoneu points. Finally, I throw the prospects and their projected points into Justin Vibber’s Surplus Calculator output for 2023 and make comparisons. The result tells me how these pitchers will perform in 2024 if they are in a pool of 2023 projected players. The dollar value given assumes that next year’s player pool will be much like this year’s player pool. Here’s an example:

Pfaadt is already grabbing the attention of Ottoneu players as his current FanGraphs points average salary is $4, or $3 Median. Will he increase in value by the end of 2024? ZiPs likes his chances and you can compare his projected points total for 2024 with this year’s Jordan Montgomery. If you pay over the average now, let’s say $6, and this projection comes to fruition, you’ll have a good chance of generating value in 2024. There is, however, another scenario where ZiPs is off the mark and he only brings in $4 in 2024. In that case, you’ll be overpaying. Here are the rest of the 2024 ZiPs projected prospect pitchers and what their value could be at the end of the 2024 season:

Let’s compare these estimated 2024 values with some current (2023) average/median Ottoneu salaries:

Current FanGraphs Points Leagues Avg./Med.:

Kodai Senga – Average: $15 / Median: $15
Grayson Rodriguez – Average: $4 / Median: $6
Taj Bradley – Average: $3 / Median: $3
Kyle Harrison – Average: $3 / Median: $3
Ricky Tiedemann – Average: $3 / Median: $3
Robert Gasser – Average: $2 / Median: $3
Tanner Bibee – Average: $2 / Median: $1
Gavin Stone – Average: $2 / Median: $2

This is just one way of trying to look into an uncertain future; mashing a bunch of different spreadsheets together and then estimating a value. Is it worth doing, or would you rather just pay a few dollars now to see what happens later? I think this analysis helps us do both. Remember that the goal is to identify future value and not current value. It allows us to prospect on players because we like them or we believe in them or we saw them at a AA game and were impressed. But, it also allows us to put some kind of filter on how we are rostering and for how much. Are you rostering Taj Bradley for $7 because he was bumped up during arbitration, or you got him in a rebuild trade deal when someone else realized his salary was too high? It may be time to re-examine that hold because, by this analysis at least, he won’t reach that value in 2024. Everyone has a strategy and this is just one approach, but it’s utilizing analytical tools and projections from smarter people than myself to provide insight and that can’t be a bad thing.

I’ve been vocal about this in the past and I’ve been asked to explain why I am so adamant about not price enforcing. The simple reason is because the risk isn’t worth the reward. But I can offer more detail than that.

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Rostering minor leaguers in any Ottoneu format is super fun. It’s fun because you get to take a chance on a player. Build your roster now in order to plan for the future. Isn’t that what so many real-world teams are doing? Yet, it can be cumbersome to hold onto a player for a few years while paying them a $1 or more in salary when you really don’t know when and even if they will pan out.

A few months ago, I was up against this very challenge. Rostering Jack Leiter was exciting. He was a college pitcher with a lot of hype and talent and now a minor leaguer who has held onto both of those traits. But, I needed to try and quantify how much he would be worth in a few years. His MLB ETA isn’t until this season and likely the end of this season. Looking for a range of reasonable salary expectations, I used ZiPs’ 2024 and 2025 projections to get a sense of how to value Leiter in a few years. My analysis concluded that Leiter would likely only return somewhere around $4 in 2023 and that’s if he meets the higher end of likely outcomes. I was paying $6, too much for this year, so I cut him.

Rostering Leiter at $6 doesn’t make sense for 2023. But now that he is back on the waiver wire, should I attempt to re-roster him for $1? In order for that to make sense, two things need to happen. First, he needs to return over $1 of value in 2023. Second, he needs to return over $1 of value in 2024 and pass through arbitration untouched at the end of the 2023 season. Only then is he worth selecting for a $1. In this analysis, I’ll look at the players who are most likely to pass through those qualifiers. Choo! Choo! All aboard the hypothetical train! Here’s a map of our journey:

Step 1: Take a deep breath. A lot of assumptions are going to be made here. This is not an exact science. Please, do not rush to your player page and start auctioning off these players at these exact prices. Use these values as a jumping-off point.

Step 2: Grab a pool of minor league players who have not yet debuted from “The Board” with a Future FV value greater than or equal to 30 and subset it down to players with a “Current Level” not equal to “MLB”.

Step 3: Download ZiPs 2024 projections for the players in Step 2 and calculate their Ottoneu FanGraphs points totals based on those projections.

Step 4: Add those players into the auction calculator’s outputs, sort by rPTS, and see what the value is for players in that same rPTS area. Keep in mind, player value is altered by positional adjustments.

This process ultimately tells us what these players’ auction value could be if they play to their full zips projections in 2024 and the league looks identical to this season’s (2023) player pool. It tells us how much they should be valued for next year.

Out of the 271 prospects I downloaded from the board, 242 had a “Current Level” other than MLB. Of those 242, only 60 have been projected by ZiPs for 2024. Of those 60, only 15 (but number 1 on the list kind of doesn’t count) end up with a positive projected value in 2024. Here they are:

Now, it’s very, very possible that this process excluded some highly touted prospects. Hopefully, I was clear enough with my process that you can hypothesize as to why they were left out or replicate a version of this for yourself. This is not a top draftable prospects list. I repeat; This is not a top draftable prospects list. For example, where is Jordan Walker? Well, ZiPs doesn’t necessarily project Walker to be roster-able in 2024. Here’s where the Cardinals prospect stands in this process:

Now, to see why Walker falls out of a roster-able projected salary, let’s look at his 2024 ZiPs projections compared to a couple players high on this list, Colton Cowser and Christian Encarnacion-Strand:

You can see why Cowser has more projected value in 2024, but you can also see how this system has some flaws. Walker has already been creating a lot of buzz in Spring Training and many might look at that 2024 projection and scoff. Projecting players who haven’t appeared in the MLB yet is hard. Time is money and if I had more of it, I would go about the valuation a little more scientifically. Rather than comparing rPTS and suggesting a value range, it would be interesting to iterate through runs of the auction calculator, each time removing the player the minor leaguer would be replacing and determining value from a more believable player pool. I think I’ve gotten close enough for now. Roster any of the players listed above for $1, make it through the end of the 2023 season arbitration without their salaries increasing, and you have a good chance at value in 2024.