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These are the American League starting pitcher rankings for 2012. Check out our previous closer, NL starting pitcher, catcher, first base, second base, third base, and shortstop installments.

As a reminder, five-star players are generally going to be your star-level producers that will be selected within the first couple of rounds, usually worth upward of $30. Four-star players are the next step down, worth more than $20. Three stars are worth more than $10, two stars will be in the single digits, and one star will be roster-filler and late-round fliers. Of course, this is just a general guideline. While the rankings will generally follow PECOTA, I will deviate when I feel strongly that a player will over or underperform his PECOTA projection.

I’ve also decided to give my choice for a value pick in each tier—a guy who I think will be worth more than your leaguemates do, or a guy who I believe stands a good chance of beating his PECOTA projection.

For reference, the dollar values were created by our PFM using a league format of 12 teams, 5×5 scoring, and 23-player rosters—broken down as C (2) 1B (1) 2B (1) 3B (1) SS (1) CI (1) MI (1) OF (5) UT (1) P (9)—and $180 of the $260 budget allocated for hitters and $1 minimum salaries. A minimum of 20 games needed to be played at a position in the previous season to qualify. We’ll be providing values for both mixed leagues and AL-only/NL-only leagues. While this is the industry standard format, your own league structure may differ, in which case you can customize the PFM to your own needs.

Five Stars

PLAYER

TEAM

Mixed $

AL/NL $

IP

W

ERA

WHIP

K

Justin Verlander

DET

$23.75

$26.03

240.9

18

3.06

1.17

230

Dan Haren

ANA

$23.00

$23.68

231

17

3.07

1.12

202

Felix Hernandez

SEA

$19.33

$22.42

231

14

3.07

1.19

219

CC Sabathia

NYA

$18.11

$22.60

224

18

3.24

1.19

204

Jered Weaver

ANA

$19.03

$24.03

224

15

3.14

1.17

199

David Price

TBA

$16.53

$20.17

214.4

15

3.19

1.2

195

No surprises here, and not really any values, either. If you want an ace in an AL-only league, you’re going to need to pay full sticker.

Five-Star Value Pick: If I have to pick one, it’s Haren, who is second on my list but sixth according to Mock Draft Central drafters. He’ll still be expensive, though.

Four Stars

PLAYER

TEAM

Mixed $

AL/NL $

IP

W

ERA

WHIP

K

James Shields

TBA

$12.11

$17.11

201.6

13

3.5

1.18

167

C.J. Wilson

ANA

$14.37

$18.97

207.7

14

3.14

1.24

192

Josh Beckett

BOS

$9.05

$15.15

182.7

13

3.6

1.21

169

Jon Lester

BOS

$7.81

$14.96

186

14

3.54

1.28

176

Yu Darvish

TEX

$7.02

$13.25

176.4

12

3.77

1.2

148

Ubaldo Jimenez

CLE

$5.99

$13.66

180

13

3.48

1.3

165

I’m sure there was some curiosity about where Darvish would fall. He’s risky given all of the contextual changes he’ll have to deal with coming over from Japan and his supposedly average command, but his stuff is amazing, and I’ve made no secret my love for his stuff in the past.

Four-Star Value Pick: After a shaky 2011, Ubaldo Jimenez is being drafted at the end of the 12th round, but he should outperform that slot by a few rounds. There was concern about his move to the AL, his poor ERA, and his lessened velocity last season, but his fastball is reportedly back to the mid-90s already, and his ERA was entirely attributable to bad luck. Great bargain.

Three Stars

PLAYER

TEAM

Mixed $

AL/NL $

IP

W

ERA

WHIP

K

Max Scherzer

DET

$4.45

$12.05

174

12

3.85

1.29

168

Ervin Santana

ANA

$4.04

$12.40

194.3

12

3.96

1.29

164

Jeremy Hellickson

TBA

$6.02

$11.64

156

10

3.38

1.2

127

Matt Moore

TBA

$2.29

$8.95

138

9

3.59

1.34

161

Chris Sale

CHA

$6.97

$10.80

120

8

2.81

1.16

143

Daniel Bard

BOS

$4.17

$10.21

146

10

3.52

1.3

154

Brandon Morrow

TOR

$2.68

$11.26

182.7

11

3.98

1.37

201

Brandon McCarthy

OAK

$7.48

$10.56

180.9

11

3.7

1.28

122

Jake Peavy

CHA

$3.55

$9.70

144

9

3.49

1.25

132

Michael Pineda

NYA

$2.71

$9.79

148.2

11

3.8

1.28

138

Neftali Feliz

TEX

$4.71

$10.83

144

11

3.47

1.26

142

Colby Lewis

TEX

$2.90

$11.04

174

12

4.08

1.27

149

John Danks

CHA

$2.59

$11.84

189

11

3.92

1.31

148

Gavin Floyd

CHA

$3.77

$11.96

195.3

12

3.9

1.28

151

Justin Masterson

CLE

$1.14

$10.09

189

12

3.99

1.37

147

Ricky Romero

TOR

($2.11)

$8.04

194.3

12

4.37

1.41

153

We’re looking at a huge Three-Star tier. This is place where a lot of my buying will be done in AL-only leagues, especially if some of these guys are overlooked early on as your leaguemates make it rain with their fake money. This was the case in CBS AL, where I grabbed Scherzer, Lewis, Danks, and Floyd for reasonable prices.

Bad luck in 2011 aside, Scherzer will be especially interesting this year; he’s adding a two-seam fastball to his arsenal. An extra pitch to keep hitters off-balance could help with strikeouts (a goal he’s admitted to having), and the two-seamer itself is a terrific pitch for some extra ground balls. Scherzer will have to contend with Detroit’s porous infield defense, but I like his potential to take a step forward this year.

This tier has all three of the primary bullpen-to-rotation shifters, so needless to say, I’m pretty bullish on them. They’ve all posted fantastic peripherals in relief—easily good enough to withstand the Rule of 17—and they all seem to have sufficiently deep arsenals to make the conversion. Innings will likely be limited, but those innings should be of a pretty high quality.

Three-Star Value Pick: People will worry about Brandon Morrow’s ERA being higher than his FIP in his two years as a full-time starter, but his peripherals have been fantastic, and two years is not nearly long enough to start worrying about that ERA/FIP discrepancy being permanent.

Two Stars

PLAYER

TEAM

Mixed $

AL/NL $

IP

W

ERA

WHIP

K

Derek Holland

TEX

($2.66)

$7.35

174

12

4.59

1.39

141

Clay Buchholz

BOS

$0.94

$8.65

156

11

3.92

1.34

129

Hiroki Kuroda

NYA

$0.48

$9.65

186

13

4.27

1.33

129

Doug Fister

DET

($1.48)

$8.28

194.3

12

4.35

1.34

106

Jason Vargas

SEA

($1.06)

$7.70

182.7

10

4.16

1.34

120

Scott Baker

MIN

$1.01

$7.80

144

8

3.84

1.26

117

Josh Tomlin

CLE

$1.02

$9.34

176.4

11

4.18

1.26

112

Jeff Niemann

TBA

($0.93)

$5.39

125.2

9

3.86

1.3

93

Kuroda may seem low to you, just a Two-Star pitcher, but the move to the American League and Yankee Stadium is not going to be a forgiving one.

I’ll easily take the under on Holland’s PECOTA ERA. I’ve long liked his stuff, and he’s started to turn it into results these past couple seasons.

I love Tomlin’s command. He’s not an exciting guy and there’s no upside to him, but these are the kinds of players I tend to target when filling out the back end of my rotation in deeper leagues. They’re solid and will come at a bargain because of how boring they are.

Two-Star Value Pick: I like Jason Vargas as a similarly boring guy, except he might actually have some upside. From BP2012:

You don't hope for, or expect, any surprises from a guy like Vargas. But in September, Felix Hernandez suggested he tweak his motion, and wouldn't you know Vargas had the best month of his career. Before the change—a little extra torso twist on his leg kick—Vargas' fastball averaged 87.1 mph; after, it was 88.2. The effects cascaded. He began to throw his changeup half as often. Consequently, when he did throw the changeup, his whiff rate went way up, and his overall strike rate also improved. Yes, sample size issues. We want to be responsible here. But the numbers are just too pretty not to publish: 23 strikeouts, five walks, and a 2.03 ERA in 27 innings. Surprise!

One Star

PLAYER

TEAM

Mixed $

AL/NL $

IP

W

ERA

WHIP

K

Luke Hochevar

KCA

($5.80)

$5.84

201.6

9

4.74

1.42

136

Danny Duffy

KCA

($9.10)

$0.83

91.2

5

4.73

1.49

80

Matt Harrison

TEX

($9.77)

$2.96

168

11

5.02

1.49

97

Hisashi Iwakuma

SEA

($1.85)

$6.85

174

9

4.08

1.37

109

Bartolo Colon

OAK

($1.08)

$4.20

144

8

4.44

1.39

98

Zach Britton

BAL

($10.67)

$2.55

180

9

4.86

1.52

108

Hector Noesi

SEA

($5.84)

$3.74

144

7

4.47

1.42

110

Phil Hughes

NYA

$2.05

$9.50

153

11

3.87

1.3

137

Henderson Alvarez

TOR

($15.88)

$0.47

168

9

5.54

1.53

84

Dallas Braden

OAK

$0.17

$4.34

126

6

4

1.35

85

Felipe Paulino

KCA

($10.15)

$0.50

102.6

5

4.92

1.54

89

Francisco Liriano

MIN

($0.92)

$7.18

156

9

4.08

1.39

145

Rick Porcello

DET

($3.90)

$6.04

174

11

4.41

1.38

91

Philip Humber

CHA

($5.41)

$4.95

168

9

4.57

1.4

110

Brad Peacock

OAK

($8.77)

$0.59

144

6

5.14

1.57

95

Jonathan Sanchez

KCA

($4.03)

$5.29

159.6

8

4.45

1.46

157

Jacob Turner

DET

($9.12)

$1.96

131.1

4

4.82

1.46

78

Wei-Yin Chen

BAL

($5.87)

$4.02

144

8

4.58

1.45

127

Kevin Slowey

CLE

($1.75)

$5.62

131.1

8

4.26

1.27

97

Carl Pavano

MIN

($3.73)

$6.96

194.3

9

4.47

1.35

109

Dustin McGowan

TOR

($3.76)

$4.42

127.2

8

4.25

1.39

104

Sleepers abound in this group, and it’s really a toss-up who I call the One-Star Value Pick.

I love Duffy’s stuff. If he can harness his control a bit, he has high Three-Star upside this season.

I’ve discussed Henderson Alvarez before.

Why so low for Jonathan Sanchez, you say? The environment change is not a good one for this perennial fantasy sleeper.

One-Star Value Pick: I’ll take Noesi, I suppose, though a case could be made for a half-dozen others, if not more. Noesi is not a big upside guy in terms of stuff, but moving to Safeco Field (which boosts strikeouts and suppresses homers), and pitching in front of the Mariners’ defense should help quite a bit. I like Hisashi Iwakuma for similar reasons.

***

With over 1,600 player comments in Baseball Prospectus 2012, you might find it difficult to read through them all before draft day arrives. To help you out, I’ll point you toward some of the most insightful comments for this position. These are the guys that I’d highly recommend flipping to in your copy of the book and reading before you sit down at the draft table.

Be sure to read the BP2012 comments for these AL starters: Henderson Alvarez, Zach Britton, Neftali Feliz, Doug Fister, Matt Harrison, Luke Hochevar, Derek Holland, Colby Lewis, Brandon McCarthy, Dustin McGowan, Justin Masterson, Chris Sale, and Jason Vargas.

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pobothecat
3/14
Am ( the only one surprised to see Ubaldo a whole shelf above Moore, Hellickson and Pineda?
pobothecat
3/14
*I*
tamfflcommission
3/14
Personally, I am not. Because of history. The young guys will be great. Ubaldo has already proven that he can do it.

Jeff
SJLedet
3/14
No love for F. Liriano? Pecota seems to like him better than you.
derekcarty
3/14
Unless he's looking good in Spring Training -- I haven't heard yet -- I'm not a huge Liriano fan at this point. I wrote about him a bit towards the end of last season: http://www.baseballprospectus.com/article.php?articleid=15047
bobbygrace
3/14
Liriano has 12 Ks and 1 BB in 8 spring training IP thus far. To the extent that spring training stats matter, these are the ones to watch with Liriano.

The talk from Twins camp suggests that they're trying to keep it simple with Liriano this year. Pitching coach Rick Anderson is telling him to "stay tall" in his delivery for consistency's sake. They seem to be backing down from the "pitch to contact" talk of recent years, and just want Liriano to avoid big walk numbers.
rawagman
3/14
Win totals for Oakland pitchers seems way high. I have not cross checked with Pecota for accuracy.
derekcarty
3/14
All of the projections are PECOTA-driven, mixed with depth chart playing time. I'll ask about them.
monkey
3/14
As an A's fan and a Brandon McCarthy owner, I will be more than happy if he wins 19 games
rawagman
3/15
The checked the depth charts - your wins numbers are way off.
jfranco77
3/14
Noesi-4, Iwakuma-7 and Vargas-8 would make a pretty nice $19 trio at the back of an AL-only rotation. And you probably wouldn't have to go full value on all 3 of them.
sherwoodallan
3/15
wow pecota does it again and again. has to be some of the worst projections ive ever seen in my life about any subject.

your al wins leader projections: mccarthy 19, colon, 16, peacock 16, verlander 16

thats 3 oakland a's in the top 4!! brad friggin peacock has pitched 12 innings in his entire career!
rawagman
3/15
I'm pretty sure those aren't PECOTA projections, but some error in the translations to these articles. Check the depth charts. They give way different numbers to A's starters.
derekcarty
3/15
Sorry for the confusion guys. I'm still not entirely sure what happened, but it wasn't a PECOTA thing. Some sort of formatting error, it seems. The wins have all been corrected, though.
dscala
3/15
Pineda just threw again, velo still down compared to this time last year, still in low 90s. how worried should I be about freezing him for my mixed league?
derekcarty
3/15
It's still relatively early in the spring. Don't panic yet.
dscala
3/15
ESPN had a report that suggested Girardi's mulling over sending Pineda to AAA. Makes no sense to me.
dscala
3/15
in my mixed league, had offer of Latos for Pineda. fair deal?
mlsgrad99
3/22
Does everyone really think Ivan Nova is that bad?