Deep League Value: First Basemen

Once again it’s time for the companion piece to the rankings post from Thursdays. We broke down the first basemen this week, and it seemed that the position was deep, with players like Billy Butler, ranked fourteenth on our list, still capable of putting up .280/30/100 years. There’s a lot of value to be found after the top first basemen are off the board.

But are there great options once the first 15 first basemen are gone? There’s definitely a steep increase in risk. Zach Sanders did a good job breaking down the risk versus reward for Chris Davis this week, and Davis’ power potential is definitely worth the lower draft cost in 2010. Russell Branyan offers a similar power upside, but with his career strikeout rate at almost 40% (38.9% career) he’s actually even riskier in the batting average department. It is worth noting that he’s significantly improved his strikeout rate in the past two years (31.8% and 34.6% in 2008 and 2009 respectively), and if he holds on to that improvement, he could repeat his numbers from 2009.

Once you pass the whiff-or-bomb section of the rankings, it starts to look meager. People will be tempted to take James Loney earlier than they should, but he is a player that embodies the fallacy that all young players get better. Almost 1800 plate appearances into his career, though, we know what Loney is. He’s a line-drive-hitting (21.4% career) worm-burner (43.4% ground ball, 35.3% fly ball career) with below-average power (9% HR/FB career). Unless he gets lucky and has his career year, there’s no reason to think that Loney will do any better than hit .280+ with 15 or so home runs, and there are plenty of players that can do that and cost less in the draft.

Consider that you can probably get Lyle Overbay many rounds later, and Overbay is just as likely to hit .270 with 16 or so home runs. Don’t overpay for the ten points of batting average in this case, especially since Overbay’s declining batting average is actually easily managed – it is the result of declining splits. While Overbay used to be okay against lefties (.711 OPS career) he’s been terrible the last couple of years (.534 and .540 OPS versus southpaws the last two years). If you can manage Overbay daily, you can take advantage of his good split against right-handers (.847 OPS career) which was still strong the last two years (.905 in 2009, .865 in 2008). Provided that he ends up in a good position in real-life baseball, and that his fantasy owner finds a caddy for those days against lefties, Overbay makes a great late value pick.

Jorge Cantu is also an intriguing later-round value. Cantu proved that he is consistently inconsistent from year to year by following up a strong 2008 (.277, 29 home runs) with a year that looked completely different (.289, 16 home runs) in 2009. One thing that pops out in the numbers is that when his strikeout rate is high, his power his greater and his batting average is weaker. So, while it is great that he is walking more and striking out less as he ages, it makes predicting his power and batting average in 2010 difficult. Complicating the prediction process further is the fact that his team is unsettled and he is a candidate for a trade as he becomes more expensive. Bill James likes Cantu for .277 and 18 home runs next year (but with a few more strikeouts than in 2009), and, though seemingly rare with James’ projections, there is a chance for the player to outproduce those power numbers.