Typically, I’m hesitant to endorse pitchers in the AL East. It’s been written time and time again, but pitching in that division is the baseball equivalent of Sisyphus pushing the boulder up the hill.
But that doesn’t mean success is strictly prohibited. Last season we saw Jeremy Hellickson post an ERA under 3.00 in his rookie season (even though it was mostly fueled by luck) and many are betting on Matt Moore to do the same this season.
Henderson Alvarez isn’t in Moore’s class based on raw talent, but he has a significant chance of becoming a useful fantasy pitcher even if he has to do it in baseball’s toughest division. Alvarez doesn’t have the strikeout numbers, striking out just 6.53 batters per nine innings in his 405 minor league innings and 5.32 per nine in his 63 2/3 innings with Toronto last season, but he boasts astonishingly elite walk and ground ball rates which will certainly help counter his lack of strikeout punch.
How good are his walk and ground ball rates? He walked just 1.73 batters per nine innings in the minors and followed that up with a rate of 1.13 BB/9 in the majors, and his ground ball rates have consistently been over 50 percent through his extensive minor league and brief major league careers.
Speaking from a fantasy perspective, those elite rates do two things: ensure a low WHIP and a low home run rate, which in turn (generally) results in a low ERA. Alvarez won’t be a force for strikeouts, especially because he’ll likely be on an innings limit this season that could cap him around 160-170 (he’s just 21 years old), but he did throw 160 innings last season.
If last season’s stats mean anything, Alvarez could post an ERA around 3.50. His 3.53 ERA last season should probably have been lower since he suffered through a 15.1 percent HR/FB rate, which will surely drop despite the fact that he plays his home games in the Rogers Centre, but on the other end of the spectrum his 1.13 BB/9 was probably unsustainably low. Something closer to 2.00 is likely, but that should still mean a WHIP no worse than 1.20, and for an undrafted player that’s exceedingly valuable.
Now, how about some player comparisons? These are all the players in the last 10 years (since 2002) with walk rates under 2.00 BB/9 and ground ball rates over 50 percent in any given season. I’ve also provided their ERAs, xFIPs, WHIPs and xFIP- (xFIP compared to the league average since we’ve seen a massive offensive correction over the last decade…and lower is better).
| Player | Year | BB/9 | GB% | K/9 | xFIP | ERA | WHIP | xFIP- |
|---|---|---|---|---|---|---|---|---|
| Roy Halladay | 2011 | 1.35 | 50.9 | 8.47 | 2.71 | 2.35 | 1.04 | 69 |
| Cole Hamels | 2011 | 1.83 | 52.3 | 8.08 | 3.02 | 2.79 | 0.99 | 77 |
| Chris Carpenter | 2005 | 1.90 | 54.5 | 7.93 | 2.93 | 2.83 | 1.06 | 68 |
| Roy Halladay | 2010 | 1.08 | 51.2 | 7.86 | 2.80 | 2.44 | 1.04 | 69 |
| Roy Halladay | 2009 | 1.32 | 50.2 | 7.83 | 3.00 | 2.79 | 1.13 | 70 |
| Roy Halladay | 2008 | 1.43 | 53.7 | 7.54 | 3.11 | 2.78 | 1.05 | 72 |
| Chris Carpenter | 2004 | 1.88 | 52.2 | 7.52 | 3.36 | 3.41 | 1.14 | 75 |
| Chris Carpenter | 2006 | 1.75 | 53.3 | 7.47 | 3.36 | 3.09 | 1.07 | 74 |
| Andy Pettitte | 2005 | 1.66 | 50.2 | 6.92 | 3.15 | 2.39 | 1.03 | 74 |
| Roy Halladay | 2003 | 1.08 | 58.4 | 6.90 | 2.96 | 3.25 | 1.07 | 67 |
| Roy Halladay | 2005 | 1.14 | 60.9 | 6.86 | 2.89 | 2.41 | 0.96 | 68 |
| Brandon Webb | 2006 | 1.91 | 66.3 | 6.82 | 3.03 | 3.18 | 1.13 | 67 |
| Chris Carpenter | 2009 | 1.78 | 55.0 | 6.73 | 3.34 | 2.24 | 1.01 | 77 |
| Greg Maddux | 2004 | 1.40 | 50.9 | 6.39 | 3.40 | 4.02 | 1.18 | 76 |
| Derek Lowe | 2008 | 1.92 | 60.3 | 6.27 | 3.32 | 3.24 | 1.13 | 77 |
| Mark Mulder | 2003 | 1.93 | 55.7 | 6.17 | 3.44 | 3.13 | 1.18 | 78 |
| Roy Halladay | 2007 | 1.92 | 53.1 | 5.55 | 3.85 | 3.71 | 1.24 | 86 |
| Greg Maddux | 2005 | 1.44 | 51.6 | 5.44 | 3.57 | 4.24 | 1.22 | 83 |
| Roy Halladay | 2006 | 1.39 | 57.3 | 5.40 | 3.45 | 3.19 | 1.10 | 76 |
| Derek Lowe | 2002 | 1.97 | 66.8 | 5.20 | 3.44 | 2.58 | 0.97 | 81 |
| Greg Maddux | 2003 | 1.36 | 50.7 | 5.11 | 3.69 | 3.96 | 1.18 | 84 |
| Greg Maddux | 2006 | 1.59 | 50.7 | 5.01 | 3.85 | 4.20 | 1.22 | 85 |
| Carl Pavano | 2010 | 1.51 | 51.2 | 4.76 | 3.86 | 3.75 | 1.19 | 95 |
| Greg Maddux | 2007 | 1.14 | 51.5 | 4.73 | 3.90 | 4.14 | 1.24 | 87 |
| Joel Pineiro | 2009 | 1.14 | 60.5 | 4.42 | 3.64 | 3.49 | 1.14 | 84 |
| Carl Pavano | 2011 | 1.62 | 50.6 | 4.14 | 4.14 | 4.30 | 1.36 | 105 |
| Carlos Silva | 2004 | 1.40 | 50.5 | 3.37 | 4.52 | 4.21 | 1.43 | 101 |
The above table was sorted by K/9 because it became obvious that strikeout rate and xFIP- were closely connected. Assuming that Alvarez becomes a member of this class of pitchers, or maybe just misses it, we can now approximate his xFIP (FIP independent of HR/FB rate) based on his likely strikeout rate. Because we project Alvarez for a strikeout rate around 5.75, that would put his xFIP- at about 82 (right between Mark Mulder in 2003 and Roy Halladay in 2007).
Last season the league average ERA was 3.94, just lower than the 2010 average of 4.07. For the sake of safe projecting, let’s assume the 2012 league average ERA falls in the middle, 4.00. With an xFIP- of 82, Alvarez’s projected xFIP this season is 3.28. But, since he plays in Toronto, a homer-friendly venue, we need to adjust this xFIP. As a team, the Blue Jays posted a FIP (4.27) that was 6.93 percent higher than the team average xFIP (3.99). If we apply that to Alvarez’s projected 3.28 xFIP, we get a projected FIP of 3.51.
If we look at the chart above one last time, we’ll see that the pitchers whom Alvarez will likely share a common strikeout rate tended to have WHIPs around 1.18, so that’s a pretty good projection for his 2012 WHIP in my mind.
Let’s assume nine wins in 161 innings, a 3.51 ERA, 1.18 WHIP and 103 strikeouts. That season would yield a 0.08 PSR, making Alvarez one of the best free agent starting pitcher options in 10-team leagues and a low-end starter for any team’s rotation in deeper leagues. Alvarez probably doesn’t have the potential to be a real breakout candidate due to his low strikeout rate, but he should be a safe starter for the 2012 season.



