There was discussion this morning about the possibility of Papelbon's winning the Cy Young Award. While that discussion is obviously premature, SSA made a good post in that thread that I'd like to answer:
QUOTE(Sox Sweep Again @ May 17 2006, 08:03 AM) [snapback]519500[/snapback]
I love Paps, and I think he has a bright future, but I'd be shocked if he doesn't have five times his current ERA by the All-Star break, and if he doesn't have a few blown saves when he goes through the league a second and third time.
I think that most people know that BP PECOTA tagged Papelbon for a 6-6 record and a 4.94 ERA, quite different from what he's actually done.
So I sat cross-eyed looking at that PECOTA card, trying to figure out how these stats yield a projected 4.94 ERA in 2006:
Level ERA
A.....6.33
A.....2.64
AA....2.48
AAA...2.92
MLB...2.86
OK, here's the deal. Papelbon was drafted at age 22, and he had a rough start. He was old for A-ball the next year, so his 2.64 ERA was heavily inflated by BP in computing its MLE. Those last three stops are all his age 24 2005 stats, and most of his time was spent at Portland, and age 24 is a little old for AA ball.
BP heavily weights MLEs by age. That's inappropriate for Papelbon, who needed development at A ball after college. If those AA stats weren't discounted for age, his MLE would be in the 3.50 range, not the 4.05 BP assesses. His AAA MLE was 3.38. Almost all of his MiLB work was as a starter, with only ten relief appearances in three years.
Papelbon's ERA was 2.86 last year, but his FIP was 4.21. This year his ERA is miniscule, but his FIP is 1.97, suggesting he's been lucky (and I think that we knew that). He does, however, look better pitching in relief than he did starting.
If he were starting, he'd probably put up an ERA around his MLE and FIP as a starter...maybe a 3.50 or so if he worked only 5-6 innings per start.
As a relief pitcher, that 1.97 FIP almost looks for real...except for one itty-bitty thing: he's going to start yielding home runs sometime. If one looks at his tendency to allow around one home run per nine innings as a starter and discounts a little for relief pitching, it's not out of line to add another run to that early-season FIP as a gauge to where he'll end up for ERA.
Let's suggest, then, that an ERA of 3.00 is his true talent level as a closer. We're a quarter through the season. 3 x 3 + 0.42 = 9.42; 9.42/4 = 2.36
What are the chances of a closer with a 2.36 ERA winning the Cy Young?
I'd have to say it's doubtful. Looking at last year's stats, that would put Papelbon just a notch below Street's, Rivera's and Wagner's 2005 performances as a relief pitcher. That would earn him Cy Young votes, but not the award.
QUOTE
Now, let's say he does continue along the current path- then, OK, yeah, he'll win the Cy Young. I wish it were August and he still had the sub-1.00 ERA and 100% save percentage.
IF the current FIP of 1.97 is his true talent level, and
IF he got lucky for one more quarter-season where he duplicated his first-quarter stats, we're talking an ERA in the 1.25 range with 50+ saves. That would put him in serious contention--but he still wouldn't be a shoo-in.
And that's not a reasonable assessment of his talent level, just an attempt to fudge a reasonable best-case scenario.
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I'm very happy with Papelbon as our closer. I think that projecting him as a Cy Young Award winner is a stretch, but that projecting him to receive a vote or two is reasonable.