2016 Auction Review – Betternamelater

Betternamelater

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The winner for Clayton Kershaw was always going to be a contender. As I’ve stated before and again. He’s almost guaranteed to be a value. I had him realistically rated as high as $150. Getting him for $117 hurts in some ways, but the team with a better name in the works, made out like bandits on a few auctions.

Hitting – Good

Manny Machado is a star in this league. Edwin Encarnacion is a fantasy star, his defense doesn’t play here. Carlos Gonzalez is still in Colorado, and even if he was not, he’s still a near lock for top five in left field. I’m higher on Adam Eaton and Curtis Granderson, lower on Ketel Marte and Dee Gordon. It will probably even out. Are we relying on Billy Butler to be a staple at the second utility spot here? Hmm. There is a lotto like about this line up, stealing Brandon Belt for $14 seems like a great buy, Keith Law probably still agrees.

Pitching –¬†Great

Kershaw is the best player in the league. Danny Salazar, Marcus Stroman and Steven Matz are all really good and interesting. I consider them all tier 2 pitchers, but if they all ended up in tier one at the end of the season I will not be surprised. I do not love Alex Wood, but between him and Nathan Eovaldi you have a solid number five and I’d be okay with Jorge De La Rosa as my sixth when he’s out of Colorado. Weeks when Kershaw pitches twice, there’s not many pitching staffs that will out-duel. He’s just so damn good. The bullpen may or may not hold this staff back. Hector Rondon has a lot of good outings, and some seriously bad ones. Joaquin Benoit is pitching in Seattle, but currently does not have a secured role.

Depth – Alright

The depth here is set to be alright. The positional flexibility plays well here. There’s no backup 2b or SS here. How many plate appearances will be left on the cutting room floor, or only slightly better, left at replacement level. Probably too many. But that could be easily patched. There is a good chance a few of these guys become legit starters as well.

Why 2016 would be bad…¬†

May the good lord forbid, but if Kershaw gets hurt. I mean I don’t even know what else to write. For any team if 22% of their budget was hurt early in the season for the whole season they would be easy choice as sunk. Same problem lies here. For the sake of the argument say the young three guys behind him hold up the pitching staff. Well it gets bad if Gonzalez and Granderson under perform. If Edwin Encarnacion goes missing, or worse, Machado has knee issues.

Why 2016 would be¬†good…¬†

Kershaw doesn’t even have to repeat 2015, just has to be close. Salazar, Stroman and Matz all get to 25+ starts as at least tier 2 guys. Machado remains awesome, the hitters all hit above their floors and this team should be pretty solid. The question marks are probably personal preference, but it is hard to argue against he value on almost all the buys. But it hinges on, well…

Where was the value at?

Immediately within the first hour of the auction¬†draft it was clear that value was not easy to find.¬†Prices of players were not¬†excruciatingly high or overspent. But, these prices were high enough to ensure that there was not large values at the top either. Shrewd drafting made Saturday’s event an interesting battle of attrition as the player pool continued to shrink. As the pool shrank there was a¬†seemingly never ending pile of teams with money looming over each auction.

Immediately, it looks like the teams that left money on the table are the most hurt. 50% of the league, 8-teams spent 100% of their budget. Leaving zero dollars left on the table. Of the remaining teams:

The Foundation – $1
Beach Bum – $5
Senior Squids – $6
TBD – $10
Preseason Favorite – $10
We Talk Fantasy Sports – $14
Capital City Ironmen – $21
The Wilfred Brimley Fighting Diabeetuses – $28

In some cases that unspent auction money being left on the table is not terribly frightening. But, at the bottom of that list, I can only imagine the day after regret. Good fantasy baseball talent auctioned off in that $10-$20 range. Even if you did not need a particular player, at least that drafted player has value. These extra auction dollars left unspent, are lost. They have no value.

Moving on to the auction money that got spent. More importantly how that money got spent. We can see how efficient teams were compared to this setting of the FanGraphs Auction Calculator. Keep in mind this calculator does not factor in our dynasty format (the hidden and unknown value of opportunity cost for keeping guys), nor does it fully understand our relievers scoring. But, for this exercise, and based on the results of the draft, it was quite accurate.

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What you see above is the chart of how each of the teams did. Teams with positive values, overspent according to the FanGraphs calculator and the teams with negative values found bargains. The rank is from 1 “most efficient” to 16 “least efficient”.

Now before you go and say well done and patting yourself on the back, this is removing a lot of context away from the story. I believe you are sitting in a great place if you were most efficient with value, and you spent all of your auction budget. My team The Foundation finds itself there, so take that bias for what it is worth.

If you did not spend all of your auction money and you were not efficient in how you spent the money either, well you may have some extra work to do. Maybe your projections and targets are valued differently than how FanGraphs did and if so you’re probably okay! FanGraphs and projections are¬†wrong more often than not.

Going a step further, let us take a look at everyone’s “best value”. What you should see below is a table¬†that has the FanGraphs calculator value, how much they were paid for in the auction, and then the difference.

 

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The best value of the day was projections wonder-boy Wei-Yin Chen who was bought for $17, and had been projected to be worth $48. Chen’s¬†transition to the National¬†League, to the Marlins ballpark and being away from the American League East is likely positive.

It does seems like pitchers stole the value show:¬†Alex Wood, CJ Wilson, James Shields, Jeff Samardzija and Jimmy Nelson were their representative team’s best value and created over $20 in value per player. Outfielders might be the next undervalued commodity in the draft as you see Alex Gordon, Nick Markakis, Melky Cabrera, Josh Reddick and Khris Davis on the list above.

Finally, we also have a look at each team’s “worst” value. Now, I must warn you. If you’re the kind of guy who’s into the hot young star and cannot stand to see them in any negative light, please look away.

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Corey Seager, Addison Russell, Carlos Correa and Byron Buxton. Phew these¬†boys cost a pretty penny to claim. Trea Turner, Noah Syndergaard, Randal Grichuk¬†and¬†Jurickson Profar were all also coveted prospects¬†on draft day. None of those guys are terribly far off in lost value, they’re all capable of being worth what they’re paid. Plus we have discussed before about the opportunity cost of getting said players. There is value in these overspends. But, how much?