2021 12-Team Mixed NFBC Draft Recap

This year I’m only doing one draft. Usually I two or three, but since I’m building a new house, I decided keeping extra cash was the most prudent thing to do. I’ve won at least one league in the past two seasons (I’m excluding 2020) and I think I’m going to win for a third year in a row.

League Background

This is a 12-team mixed NFBC draft. The roster consists of 14 hitters, nine pitchers and seven bench players. You set your pitchers once a week; hitters are set twice a week; waivers occur once a week.

Overall Thoughts

I never saw so much starting pitching taking in the first 2-3 rounds. Nine pitchers were taken in the first two rounds (37.5% of the picks) and 15 pitchers taken in the first three rounds (41.7% of the picks).

I think the rationale for the premium on pitching is if most, if not all, pitchers will have lower workloads then it’s better to get as many quality innings as possible. For example, in a normal year for fantasy a pitching staff may have 1,400 innings. But if workloads are decreased maybe there will only be 1,300 innings. If so, then those 180 innings of Jacob DeGrom will even more valuable because his innings represent a bigger part of the total.

That could be true, but I think in order to win you have to do A) do something different from the crowd and B) have your actions be correct. In other words, you want to be a contrarian, but you don’t want to be contrarian just to be contrarian.

My thesis was I want to stream pitchers all year because innings are going to be scarce. So, my plan was I wanted to dedicate five out of the seven bench spots to starting pitchers. To achieve this, I had to spend a lot of my early picks on hitters and I wanted to get two closers who should keep the job all year.

Lastly, in rounds 4-6 there were only six starting pitchers and three relievers taken. In those rounds owners were drafting hitting but I drafted two relievers and one hitter.

My Team

Below is my team with my projections; not listed are my bench players but they will be discussed below the images:

Individual Player Analysis

Trea Turner (#2) – Originally, I was going to take Fernando Tatis Jr. at the second spot, but there wasn’t that much difference between Tatis and Turner. Stolen bases will be scarce this year and that is the one edge Turner had. Also, Turner has a better health history.

Bryce Harper (#23) – With all the pitching taken Harper fell to me. When I was planning my draft I didn’t even consider him being available. I projected 12.5 stolen bases; I wouldn’t be shocked if he only steals 5-6.

Ozzie Albies (#26) – Albies was my top rated second baseman. I had Xander Bogaerts rated higher, but I already had a shortstop and I knew I was going to draft Paul DeJong later so I took the best player available that wasn’t a shortstop. For my projections I assumed Albies would hit second. There was chatter that Dansby Swanson would hit second, but that’s crazy talk. Swanson is a good real life player but he’s not the hitter Albies is.

Josh Hader (#47) & Edwin Diaz (#50) – Liam Hendricks was top closer but he was off the board so I took the top two closers remaining. My thesis for taking two closers is I get guaranteed saves with good ratios and a lot of strikeouts. There is risk with both pitchers; Hader will only pitch one inning, which reduces his strikeouts and Diaz may lose his job. Diaz walks too many guys and when men get on base for free bad things happen. In his last 84 innings he has a .379 BABIP. I have to assume the BABIP regresses and he has a high two’s/low three’s ERA with plenty of strikeouts.

The idea for drafting two legit closers was I wouldn’t have to use bench spots on potential closers and I wouldn’t have to use a lot of my FAAB on closers throughout the year. Lastly, if innings are less overall then the good ratios of the closers will be even more useful.

Sal Perez (#71) – You have to start two catchers and with the position being so bad, getting a top catcher is even more important. In the NFBC format you don’t want to wait for catching. For example, the worst catcher is far worse than the worst second baseman. You’re betting off paying for a top catcher and getting the other positions later on.

Byron Buxton (#74) – If he can play a full year he easily gets to 20/20. If he has a breakout he’s a 30/30 player.

Charlie Blackmon (#95) – I planned on taking Wil Myers in this spot but he wasn’t available. Blackmon biggest asset is the batting average. He will easily hit in the .290’s and could hit in the .300’s. He’s not going to steal bases but I’m not counting on him for that.

Tommy Edman (#98) – The biggest worry I had for Edman was Matt Carpenter taking at-bats from Edman. Well, Carpenter looks done and with Harrison Bader out Edman is going to play every day in the leadoff position. In 147 games Edman is hitting .283 with 16 home runs and 17 stolen bases. A lot of fantasy experts are down on Edman, but according to my data it’s not unreasonable he goes 20/20. Also, he has eligibility at four positions. That position flexibility will allow me more bench space for pitchers.

Nick Senzel (#119) – this is a purely a bet on Senzel’s raw talent and that the Reds hopefully leave him alone and let him play every day.

Miguel Sano (#122) – It seems like I draft him every year. Joey Gallo gets all the fantasy headlines but Sano has more power than Gallo. The new baseball this year won’t alter Sano’s power potential.

Zack Greinke (#143) – At this price point I’m not expecting him to be a top ten pitcher. He was 19th on my board and at this price I think I got a steal. It’s also possible the decline in fastball velocity makes him ordinary. Again, at the price I paid I think Greinke is worth it.

Jose Urquidy (#146) – This pick is purely on the raw stuff and the hope that being on a good team he can get more wins than if he were on a bad team.

Rhys Hoskins (#167) – Hoskins is not a good defensive first baseman but for fantasy that doesn’t matter. He’s going to hit fourth every day with a lot of power. His batting average will be low but that’s why I drafted someone like Blackmon.

Paul DeJong (#170) – How many shortstops can hit 25-30 home runs with a lot of RBI potential? Not that many. DeJong is a steal at this price.

Mitch Haniger (#191) – I’m hoping Haniger is finally healthy and can play in 150 games.

Jorge Polanco (#194) – Polanco will get second base eligibility after two weeks. Roster Resource has him batting fourth in a very good lineup. He does a little bit of everything. I projected a .283 batting average but I can easily see a .295 average. Also, if he drops to 5th in the lineup; I have Sano so either way I’m getting the 4th spot in the Twins batting order.

German Marquez (#215) – For my projections I assumed that all his starts would be on the road. As long as I stream Marquez I’ll get a lot of value. Also, it’s possible he’s traded which makes him even more valuable. The only downside is he probably won’t get a lot of wins because the bullpen being so bad.

Omar Navarez (#218) – I waited to get my second catcher because Navarez was my 11th rated catcher and he was going as the 20th catcher. I drafted him because of playing time and his batting average; a career .267; and he’s two years removed from 22 home runs.

Michael Pineda (#239) – Pineda is more of an accumulator at this point. He should provide a lot of innings with solid strikeouts, WHIP and hopefully wins. His stuff is good enough he could be a number two real life starter.

Kyle Schwarber (#242) – I was planning on taking a pitcher here but I couldn’t believe Schwarber was still available. Yes, he’s not a good defender and he doesn’t hit for average. But he has the power to hit 30-plus home runs and if someone gets hurt I can plug him in and still get my power. Also, he should hit fourth or fifth which means he’ll get a lot of RBIs.

Jordan Montgomery (#263) – see Michael Pineda.

Andrew Heaney (#266) – This is a bet purely on his stuff. If he takes the next step, he’s a real life number two starter.

Mike Minor (#287) – This is a bet purely on his stuff.

Eduardo Escobar (#290) – Escobar is always underrated. He’s going to hit fourth in the lineup and hit 20-25 home runs with a lot of RBI and a batting average that won’t hurt you. Also, I didn’t have another third baseman so I wanted to make sure I had a solid backup.

Mitch Keller (#311) – This is a bet purely on his stuff.

Anthony DeSclafani (#314) – For my projections I assumed all of his innings would be pitched at home. If I only stream him at home he should be a good backend starter.

Trevor May (#335) – May is a hedge for my Diaz pick.  

Chris Archer (#338) – Curious to see how he looks. 

Luke Weaver (#359) – Curious to see how he looks. 

Conclusion

Overall, I love my team. It’s far from perfect but I hit (pun intended) all my hitting thresholds and I have a pitching staff that if mixed and matched correctly and luckily, I should have a mediocre pitching staff.

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2021 Fantasy Baseball Projections

Below are my initial hitter and pitcher rankings & projections for the 2019 season. You can find the Google Doc here.

Please note: these are raw rankings; I have not baked in position scarcity yet. Also, for the projections I assumed players would have full playing time. I assumed if a season was played 1,000 times what would the average be for each player. In terms of starting pitchers I haven’t decided how many innings starting pitchers will most likely pitch. In the past I used 190 but I’m leaning towards 170.

These rankings are not completely finished (they’re never completely finished) and they will change. If you have any questions or if you would like to ask me any questions about my projections you reach out to me via Twitter.

Do You Want To Win?

Below are the stats for two players. Which player is more valuable in a 12-team mixed redraft league for 2021? Assume they’re the same position.

ABAVGHRRBIRSB
580.28531.599954
610.27925879514

It’s too close to call? Okay. How about these two players? Assume they’re the same position.

ABAVGHRRBIRSB
540.27220.567802
500.24915606820

If you don’t know which players are more valuable then the odds of you winning your league is no better than 8.3% (1/12= 0.083). To be frank, if you can’t rank the players then you’re either speculating or playing for fun.

You’ll notice I didn’t mention how to value the players. Everyone has their own measures on how to value players, but whatever system you have has to be consistently applied to every hitter in the draft pool.

Remember, you’re drafting statistical output. Nothing more. If you’re not measuring each players projected output and ranking them accordingly then you’re speculating in your drafts. And like with investing, when you speculate your outcomes are almost entirely driven by luck or chance.

My advice to you is to figure how much one stolen base is worth. One home run. One win and so on. For a great way to achieve I recommend Winning Fantasy Baseball.

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Q4 2020 Update Part Deux

This morning ValueStockGeek released his 2020 Year End Review piece and a comment stood out: “Those that bought in March got lucky it didn’t turn into a 2008 debacle. It could have easily turned into that.”

Before I go on I want to make perfectly clear I am not disparaging him/her (I assume ValueStockGeek is a male). It’s a comment that got my intellectual curiosity about my process in investing and what I did in March.

Brief Background About Me

2020 was first year being fully invested. I began my journey as an investor 3-4 years ago. (I honestly don’t think I’ve even come close to the knowledge level of actual investors yet. When I read/listen to people like Tobias Carlisle and Jim OShaughnessy I know I’m still playing on the middle school basketball team.)

For the first 3 years I read mostly books/articles/hedge fund letters on investing, psychology, behavioral economics, financial history and valuation. My plan was to understand base rates, prepare myself psychologically and understand human behavior. Only in the last 12 months did I spend more time with 10ks, proxy statements and etc.

March 2020

I didn’t know what was going to happen. On March 14-15 I wrote my investing thesis. It included my thoughts about the macro environment and more importantly, I created a plan on how I would deploy my money.

I created a rudimentary quantitative system. My idea was to deploy money at certain levels at the SP 500. If it 2,500 I would deploy X% of my money.

I thought the worst case scenario was 1,950 for the SP 500. I was very aware of what happened to the Market in The Great Crash of 1929 and how there was a 90% drawdown.

My goal was to not buy at or find the bottom; instead I wanted to be fully invested at a SP 500 level where I would be psychologically okay with not missing out on greater deals. If you don’t deploy cash you have to be okay with being wrong; you have to be okay you missed out. In other words, I focused a lot on my potential future regret. How would I feel if the SP 500 got to 1,700. Would I be okay without any cash?

ValueStockGeek is 100% correct. People who bought in March were lucky the Market snapped back to all-time highs several months later.

However, when I was making my initial purchases I was buying Berkshire Hathaway and Markel. Both of which were selling below book value. The SP 500 was still pretty expensive (2,500) but I didn’t care. These businesses were selling at extremely cheap levels. I think they were that cheap only handful of times previously in the past 15-20 years.

Was I lucky that I bought Berkshire and Markel in March? Yes. In my opinion if you buy a great business at cheap prices the odds are overwhelmingly in your favor you’ll make money. (In all fairness I think ValueStockGeek is mostly talking about the very frothy stocks like Tesla, Zoom, Peloton and etc.)

When I was buying in March I was never scared. I was buying companies that were cheap and were operated by people with integrity. I invested in companies I thought would have a much higher probability than me to profit from the situation. As prices got lower I deviated from my aforementioned strategy and buy really cheap, good businesses like Micron, Heico, Bank of America, Carriage Services and Spirit Aerosystems.

My system didn’t fully work because I didn’t deploy all my cash at low prices. However, I spent a lot of it and I have no regrets.

My favorite investing book is The Most Important Thing by Howard Marks. The biggest lesson I learned is risk is a double edged sword. On one end you lose money BUT on the other end you miss out on gains. Investors are on seesaw and they must constantly balance between both sides of risk.

That’s why the first thing an investor has to learn is before he/she invests they must realize who they truly are; he/she must know how much future regret can they live with. This lesson wasn’t really learned until December 2018. I didn’t buy anything that month and I deeply regretted it. When I got my opportunity in March I didn’t make that mistake again.

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