Archive for Stock Watch

Picking at the #3 Spot: Down to Turner & Betts

In a few days, the Great Fantasy Baseball Invitational will begin drafting. The invitational is the combination of 13 different 15-team leagues full of the industry’s best and brightest (and Howard Bender). We’ve been given our draft positions and I got the third pick. After Arizona installed the humidor and dinged Goldschmidt’s value, the pick has no easy options. Instead of focusing on the first-round pick, I’m going to dive into my second and third round options to hopefully make a better choice with the first one.

With any draft or auction in which my draft pick is known, I plan my first two to three picks. Beyond that point, the variables increase, plan is out the window, and owners need to target values and needs.

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Batter Hodgepodge: Undervalued, Hurt, Sharing Time

I’ve been prepping for two AL-only leagues, so the today’s thoughts only involve mainly AL hitters but can be extended to either league. While working on my evaluations here are some observations.

Create a plan for the injured X-factors

The two hitters who could carry a fantasy team, if healthy, are Michael Brantley and Miguel Cabrera. If (BIG IF) they get a full season of healthy plate appearances, I’d not be surprised if they were top-20 hitters. Owners aren’t showing a ton of faith since Cabrera’s ADP is at 95 and Brantley’s at 245.

No one knows for sure how they’ll perform so owners need to know before the draft where they feel they can gamble on rostering them. Owners need to make this decision ahead of time, not on the fly in a draft or auction. Come up with a plan you can live with and stick to it. Their evaluations can be adjusted as detailed reports become available from spring training on their health.

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Largest Changes in NFBC ADP

Since NFBC ADP (average draft position) data has been available here at FanGraphs, I’ve kept the weekly values. Here are some biggest ADP movers over the past three weeks who started or ended up in the top-250 picks.

A note to remember is that a move at the top is more important in the steep section of the talent curve instead of later with the talent levels off.

Justin Verlander +2 (37th to 40th)
Zack Greinke +2 (44th to 46th)
Robbie Ray +3 (44th to 47th)
Yu Darvish +2 (50th to 52nd)

The second-tier starting pitchers are dropping in ADP. This drop is not surprising as my podcast mate, Rob Silver has noticed this spending trend away from starters in previous seasons.

I don’t see either of these pitchers as dropping in value, just the overall hitter-pitcher mix.

Alex Bregman -2 (34th to 32nd)

Owners are liking Bregman more and more. I think he’ll eventually be going in the second round regularly as owner have a “fear of missing out” with him

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Middle Reliever ADP Tiers

The lights-out middle reliever is making a huge inroad as being a valuable fantasy asset. Some are throwing nearly 100 innings and with 10 K/9 or better. Along with their great rate stats, they are a cheap option instead of many back-of-the-rotation arms. Al Melchior did a great job highlighting some of these arms this past week. I’m going to take his list and find out when they are going in NFBC drafts and compare them to the starters going around them to find any possible values.

One note to remember is that NFBC drafts are 15-team leagues with 9 pitchers per team with a decent number of pitchers on the bench for streaming. My plan is to acquire one of these non-closing studs and use him as a “streamer” when one of my pitchers has a tough matchup (e.g. road game at Colorado).

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Valuing Rookie Hitters for 2018

With prospect week happening on the main website, I’m going to look at the hitting prospects ranked by their NFBC ADP (average draft position). This will be the batter’s value just in redraft leagues, not in keeper or dynasty leagues. I’ve included the player’s average, low, and high ADP values along with their Fangraphs prospect ranking.

Ronald Acuna (133 ADP, 88 min, 207 max, #2 prospect)

As the first rookie hitter off the board, his price is just a little too high for me considering the options available after him. He’s a talented ball player who is consistently ranked as either the #1 or #2 prospect in the game. He’s going to be good but how good in 2018 is the question. I have two reservations about him.

First, the no league has had a chance to adapt to his weaknesses and then have Acuna adapt back. Even pitchers found Mike Trout’s “weakness” and he had to adapt. Acuna will need to also. The question will be when the adaptation will occur and how long will it take. Will it happen in the minors and take a couple months? Or will happen in the big leagues and only be a week or two. This adjustment time could really frustrate owners.

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Alex Reyes: Undervalued

Alex Reyes was considered to be a top-5 prospect coming into the 2017 season. Then his elbow gave out and he eventually needed Tommy John surgery. He’s nearing completion of his recovery and the Cardinals are considering when he’ll return and his role.

Wanting to protect their top prospect as much as possible, the Cardinals have set a soft target of May 1 as a likely return date for Reyes. What hasn’t been so explicitly defined, though, is what role he’ll fill upon that return.

Long term, the Cardinals have every intention of using Reyes to anchor their rotation. MLB Pipeline recently ranked Reyes as the seventh-best right-handed pitching prospect, and he likely would have been higher on that list had he not just missed a full season.

But given the recovery process Reyes has undergone over these last 12 months, the Cardinals intend to be cautious in 2018. Their preference, as stated multiple times this offseason by president of baseball operations John Mozeliak, would be to have Reyes first come out of the bullpen.

For fantasy owners, they could take a chance on having an elite arm as a starter or reliever. With so many possible unknown outcomes, the following is a breakdown of 2018 value.

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Is Year-to-Year Hitter Consistency Consistent?

Whether I like it or not, I’ve opened Pandora’s box on year-to-year consistency. The concept states that if a hitter’s overall year-to-year production is consistent, the consistent production will continue. Therefore, good, consistent hitters should be valued more highly since owners know what they’ll be getting on draft day. The problem is that consistent overall production doesn’t lead to future consistency.

The discussion started last week when I wrote that Eric Hosmer and Edwin Encarnacion had similar fantasy values but Hosmer’s NFBC ADP (average draft position) was quite a bit lower. Reader’s stated in the comments they devalued Hosmer because of his year-to-year inconsistency.

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Owners Don’t Need Home Runs From First Base …

… they need Production. That’s it. If anyone says differently, they’re wrong. I’m tired of hearing owners say they want 35+ home runs from first base. It doesn’t matter where the production comes from. Owners don’t get extra points because the home run was from first base or from their shortstop. Home runs are just one category. Other hits, besides home runs, keep the AVG high and can also generate Runs, RBIs, and stolen base opportunities. Home runs don’t have monopoly on run scoring. Owners need to stop tying home runs (or any other stat) to a position and just pick the most productive players.

Today’s rant is being brought to everyone by my Twitter followers. Yesterday I asked them why Eric Hosmer was getting no love with his low NFBC ADP.

The big winner is power from first base. I’ve never gotten this philosophy of targeting a single stat, like stolen bases or home runs, from a set position. This is especially true early in a draft. In the first 100 picks or so, all the players are average or better. Accumulate as many of these above average talents as possible and then fill in the voids. If the team needs stolen bases, find them now later. Or batting average. Or heaven forbid, home runs.

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Exploiting Middle Infield Bias

“… pros were more likely to ride a wave of irrational exuberance than to fight it. One reason is that it is risky to be a contrarian. ‘Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally’” – Richard Thaler in Misbehaving

At the root level, fantasy baseball is about acquiring more undervalued assists than your opponents. Everyone wants a first-round talent for a last round price (e.g. Aaron Judge). With teams clamoring to acquire every advantage, they are insistent on wasting away an early draft advantage. In early 2018 drafts I’ve participated in, an early emphasis on middle infielders is inflating their value way beyond their projected production. Is the observation wrong? If so why? If not, how can an owner take advantage of this mispricing?

Note: For this article, I will lump second basemen and shortstops together into one middle infield position. Neither position has more talent than the other and the bottom players will be used to fill a middle infield position.

For those who have recently created mixed-league valuations, positional scarcity doesn’t exist besides with catcher. I use the method outlined in Larry Schechter’s book, Winning Fantasy Baseball to determine my values. I’m not going to go into the process’s exact details but it’s the standard procedure used by fantasy experts to prep for auctions. Even a couple years ago a small amount of positional scarcity existed but a huge influx of good middle infielders has raised the group’s overall talent level up to the other positions.

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Jonathan Villar: A Tale of Two Seasons

Jonathan Villar burst onto the scene in 2016 with 19 HR and 62 steals. He was going 19th overall in 2017 NFBC drafts and was a huge disappointment when he hit posted a .293 OBP, 11 HR, and 23 SB. With 2018 drafts starting, I’ve seen his ADP (200) way below where he should go using his Steamer projection (~118). The disconnect is understandable but not to the current level. Opportunity exists for huge upside.

Just for reference, here are Villar’s basic stats from the past four seasons and his 2018 Steamer projection.

Villar Recent Stats
Season Team Age G PA HR SB AVG OBP SLG ISO
2013 Astros 22 58 241 1 18 .243 .321 .319 .076
2014 Astros 23 87 289 7 17 .209 .267 .354 .144
2015 Astros 24 53 128 2 7 .284 .339 .414 .129
2016 Brewers 25 156 679 19 62 .285 .369 .457 .171
2017 Brewers 26 122 436 11 23 .241 .293 .372 .132
2018 Steamer 27 130 563 15 34 .250 .324 .399 .149

Of all the values which changed his value from 2016 to 2017 was the 76-percentage point drop in OBP. Less times on base meant fewer steals and runs scored. An OBP under .300 is kill for any hitter.

Besides the scoreboard stats, here are his 2nd order stats over the same time frame.

More Villar Stats
Season GB% HR/FB Pull% BB% K% Swg% Contact% AVG EV Sprint Speed
2014 51.0% 13.5% 34.0% 6.6% 27.7% 46.0% 70.1%
2015 58.0% 10.0% 44.9% 7.8% 22.7% 46.2% 77.0% 89.5 27.3
2016 56.0% 19.6% 32.3% 11.6% 25.6% 42.8% 75.0% 87.7 27.7
2017 57.0% 19.0% 39.1% 6.9% 30.3% 47.5% 71.3% 86.7 27.6

His plate discipline is the biggest discrepancy over the past two season seasons with his K%-BB% jumping from 14% to 23%. Even though he maintained similar power and groundball rates, the overall decline in contact rate while swinging more did him in.
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