Mat Latos: Late Round Value?

The 2010 San Diego Padres don’t figure to pose much of a threat in the NL West. CHONE projects a fourth-place finish for the club, while Oliver and PECOTA have the Pad people bringing up the rear in the division. San Diego will feature a lineup filled with players such as Kyle Blanks (23 years old) Everth Cabrera (23), Chase Headley (25), Nick Hundley (26), Tony Gwynn Jr. (27) and Will Venable (27) who are trying to establish themselves as fixtures in the team’s long-term plans.

However, the most highly regarded young Padre resides in the starting rotation. Mat Latos, 22, will open the year as San Diego’s fifth starter.

A 6-6, 225 pound right-hander from Florida, Latos dropped to the 11th round of the 2006 draft despite touching the mid-nineties during his senior season in high school. Teams were concerned about his bonus demands, but the Padres took a flyer. Latos attended Broward Community College in Florida, and eventually signed with San Diego through the now-defunct draft-and-follow process for a cool $1.25 million bonus.

Making his pro debut in 2007, Latos threw 56.1 innings for Eugene of the Short-Season Northwest League. He struck out 11.82 batters per nine innings and walked 3.51, posting a 2.19 FIP and rising to third on Baseball America’s list of Padres prospects. BA liked his “potential for three plus pitches”: 92-97 MPH gas, a hard curveball and a changeup.

In 2008, Latos was sidelined with variety of ailments. According to BA, Latos lost innings with “shoulder, oblique and attitude problems.” He tossed just 56 frames across three levels (Rookie Ball, Short-Season and High-A), whiffing 11.1 per nine innings and issuing 2.1 BB/9 with a FIP around three. Latos moved up a spot to #2 on the Padres’ prospect list, as he was praised for “ridiculously good” stuff but dinged for a “flippant attitude.”

This past year, Latos pummeled High-A and Double-A hitters before reaching the big leagues in July. He was sidelined with an ankle injury early in the season, but posted rates of 9.1 K/9, 1.5 BB/9 and a sub-two FIP (aided by an extremely low HR rate) in 72.1 innings between Fort Wayne and San Antonio.

Latos made 10 starts over 50.2 innings for the Padres, with 6.93 K/9, 4.09 BB/9 and a 4.67 xFIP. He showcased 94 MPH velocity, mixing in low-80’s breaking balls and changeups.

Considering the sample size, it’s best not to slice and dice Latos’ major league numbers too much. But we did get an indication of the quality of his stuff, as his contact rate (77.9 percent) came in below the 80-81% MLB average and his 10 percent swinging strike rate was above the 8.6% MLB norm.

In the long term, there’s a lot to like with Latos. He’s very talented, and he’ll have the benefit of making his home starts in a park that decreases run scoring around 25 percent compared to a neutral venue.

As for 2010, Latos could be a nice late-round pick. CHONE and ZiPS both predict that he will be an above-average starter:

CHONE: 87 IP, 7.66 K/9, 3.52 BB/9, 0.93 HR/9, 3.98 FIP
ZiPS: 83 IP, 6.31 K/9, 3.38 BB/9, 0.76 HR/9, 4.02 FIP

The big question regarding Latos is, how often will he pitch? The Padres will keep a close eye on his workload, given that Latos hasn’t come anywhere near throwing a full major league season’s worth of innings. Considering San Diego’s likely also-ran status, as well as Latos’ long-terms promise and durability concerns, expect the righty to be handled conservatively.

Latos is a strong pick in keeper leagues, and he should be pretty good when he pitches in 2010. Just don’t draft him expecting a big innings total.