+1 to what zbrent said.
FYI . . when a player's current rating exceeds what you see as his projected rating, his projected rating will increase to match the current. So in general, you'll never see a current rating exceed a projected rating, with one exception. The exception being when a pitcher drops a poor pitch. The poor pitch still shows as a projection, but not as a current. In that event, you'll see a higher current overall rating than projected overall rating.