For ERA we use a formula that takes DIPS (Defense Independent Pitching Statistics) principles into account as well as Batted Ball Data. We use Expected Home Run totals based on batted ball information. Since pitchers have little control (some experts say none at all) over how hard or how well a batted hits the ball, we derived a simple formula that gives a pitchers expected Home Runs that we use in our formula. The formula included Ks, BBs, HBPs, Expected HRs, GBs, FBs and LDs, and IFFBs.
For Ks, we simply used K/9.
For WHIP, we used a stat we call Defense Independent WHIP. As pitchers can't really control how many hits they give up (it is a combination of the hitter, the defense, and luck), we don't use actual hits. We use batted ball data to provide us with an expected, defense and luck independent WHIP. We do use walks and hit batters, as this is something pitchers can control.
After coming up with our main stats for every player, we put each stat on the same scale and then averaged them to get a value that weighs each stat equally and represents a player's objective fantasy value.
So here they are, the Saberoticians Fantasy Baseball Rankings for Starting Pitchers!
We encourage you to let us know what you think about these rankings. If you think a particular player is too high or too low, let us know! There's a good chance we'll go over why they are ranked where they are and an outside shot at a changed ranking. There isn't a ton of room for error the way we do our rankings, but we will certainly triple check for you!