Posted by MikeT23 on 2/21/2012 11:25:00 AM (view original):
Yeah, I said the same thing about FIP too. Plus batters can be just as responsible, if not moreso, for a K/BB/HR.
In real life, the idea is that over a large sample pitchers tend to face an aggregate batter who is of roughly league average quality. So you ignore that part of the equation because it should be (roughly) equal for most pitchers. What you're really trying to tease out here is how much the good/bad defense behind a pitcher is impacting the top-line ERA number. The key understanding here is that, in real life, almost all pitchers work in a fairly narrow range of BABIP over a large enough sample (something like .280-.310), and also that LOB% tends to normalize for all pitchers over a large enough sample.
So when you see Verlander with a career-best 2.40 ERA in 2011, but a FIP of 2.99 and an xFIP of 3.12, you can ask yourself what's going on there. You then see that his BABIP for 2011 was .236, compared to a career BABIP of .285, and that his LOB% was 80.3% in 2011, compared to a career LOB% of 73.3% (which is roughly normal for a good pitcher). So he was getting lucky in the placement of Balls In Play against him, he was getting a bit lucky in the way the hits against him spread out through the order, allowing the higher Strand Rate (LOB%), and the defense likely played well behind him. For reference, the best modern-era SP in terms of career BABIP is Catfish Hunter, at .243, so we can all expect Verlander's ERA for 2012 to regress towards his FIP/xFIP/SIERA numbers, which all show that he pitched at a 2.99-3.12 ERA rate, from the 2.40 ERA he posted last year based on an unsustainable BABIP.