Looking at Lackey

John Lackey’s ERA was the highest it has been since 2004, and his FIP was even higher. Should you be worried?

No.

In 2008, Lackey posted a 3.75 ERA and a 4.53 FIP. However, much of this can be attributed to an extremely high HR/FB. In fact, 15.3% of Lackey’s fly balls became homers last year, as compared to 7.3%, 5.7%, 6.6% and 9.0% over the previous four years, respectively. Lackey’s career HR/FB is 9.3% – just a tick under league average, and there’s no reason to think he suddenly became more homer-prone in 2008.

Lackey’s strikeout rate remained identical to his 2007 rate (and remember, he posted a 3.01 ERA in 2007), as he struck out 7.16 batters per nine in 08 and 7.19 per nine in 07. His walk rate also remained the same: 2.20 walks per nine in 08, 2.09 per nine in 07. Both his strikeout and walk rate have been trending down since 2005, and it appears that they have stabilized over the last two years.

Lackey’s batted ball data from 2008 was essentially in line with his career averages: batters hit line drives 20.2% of the time, ground balls 45.1% of the time and fly balls 34.7%. His career averages in these categories are 21.2% LD, 43.0% GB and 34.7% FB. Additionally, his pitch velocity and selection appear to be unchanged.

If you want to find something to be concerned about, it is worth noting that the amount of swinging strikes that Lackey has induced has gone down for four years running. In 2005, batters swung and missed at 10.2% of Lackey’s pitches; in 06 that fell to 9.7%, then 8.8% in 07 and 8.5% this year. This is still above average (league average for starters is 7.5%), but the downward trend is worrisome.

Overall, however, that’s the only warning sign for 2009, and it’s a relatively minor one at that. Lackey had a high LOB% in 2008 – he stranded 80.2% of the runners who reached base – and that number should regress towards his career average of 73.3%. However, that regression will likely be negated by the regression he should experience in his home run rate as well.

Lackey’s ERA probably won’t be 3.01 like it was in 2007, but it’s unlikely to be any higher than the 3.75 of 2008. A return to his 2005-2006 level of ERA is most likely. Lackey’s biggest problem may be the team around him, as I believe the Angels are in for a (perhaps serious) decline in 2009, one that could leave Lackey’s win total wanting. That, and his relatively low strikeout rate, probably prevent him from being a top-10 fantasy starter, but his durability and general skills probably leave him comfortably in the 11-20 range.

He’s still a very good pitcher, but his name recognition may slightly outpace his performance (even with an expected regression in HR/FB), perhaps leaving him a little overvalued in some leagues.