I also have rules of thumb that I apply by position. For example, I look for different OPS #s when evaluating OFs versus MI.
For pitchers, the most important stat I look at is WHIP. Even though ERA is what "scores" for us, I am not a big fan of simply looking at ERA. It tends to be volatile (i.e has a high variance). I would like to lobby our league to incorporate WHIP as a scoring mechanism in future years. ERA for pitchers is a little bit like RBI for hitters (i.e. not an ideal measure of how good they are). Also, when I look at WHIP, I take into consideration BAA. I have since modified WHIP to create a statistic called K-WHIP, which takes into account their strikeouts. To me, this stat tells me how "dominant" a pitcher is.
In my next blog, we'll take a more in-depth look at these two metrics, and how I use it to evaluate players.
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