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a number like their is useful in a vacuum, but then you need to work around (and of course their war stat for pitchers is competly ####### useless)
I don't read the editorial pieces on fangraphs, but I do read Cameron and Carruth's stuff on Mariners blogs, and I was under the impression that they hold the exact opposite position.
Let's say late career Roger Clemens was doing his typical midseason free agent routine. They'd claim (I believe) that it wouldn't make sense for a team like the Nats or Orioles to sign him. Even if he'd be worth the contract by performance, it wouldn't help the team out in terms of attendance / profit. But if there was a team that was around 85 wins talent-wise, they should overspend to sign him, because the value of each win over the 85th win (or thereabouts) is incredibly high. That's because making the playoffs generates a lot of revenue, both for that season and the next season. Similarly, a team that was a 95-100 win team shouldn't overspend to sign him, because they're already likely going to make the playoffs, and once there, it's a crapshoot, so having Clemens might not help them so much.
Again, I could be wrong, but I'm pretty sure that's the position of at least some of the fangraphs writers.
You can't say 4 year service time player X is worth Y on the current markeet because player X and similar players like him are not on the market. If they were on the market then there worth would be different.
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