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With camps in full swing and spring games just getting started, I thought I'd do something a little different today. It's still a bit early in camp for performances to really mean much (though the reports of Joe Nathan making it through his first outing back are encouraging), and we haven't seen the kind of devastating relief injury so far that would cause an impact like the loss of Adam Wainwright had on the starters. But we are getting far enough into spring that the fantasy world is starting to see more and more drafts happen by the day, and those results can be telling in the sense of who's being over- and undervalued as you prepare for your own draft. I've compared the ADP listings at ESPN, Yahoo, & Mock Draft Central, and there are a few players who don't seem to be slotted where they should be. Finding value where it’s least expected is our goal around here, and searching for draft value is what we’re looking at today.

I've been beating the drum for some time that if he's healthy (a Sandoval-sized if, I know), Koji Uehara is by far the superior option over the eminently mediocre Kevin Gregg. Have we forgotten already that from July 1 on, Uehara struck out 49 while walking just three? That's how you end up allowing just a .235 OBP, and as his BABIP was just under .300 it doesn't feel particularly fluky, either. While the position in theory is still up for grabs, we've already heard that Uehara entered camp with the lead, and most of that impressive performance came right in front of Buck Showalter last year. The signing of Gregg is defensible in the sense that Uehara's medical history makes him hard to count on, but if Uehara stays healthy he's going to outperform Gregg – and it won't be particularly close.

Yet Gregg put up 37 ultra-shiny saves despite mediocre peripherals last year, and signed the large contract this winter, and that's what the draft masses are seeing. In ESPN, he's the 28th-highest reliever being picked, ahead of Joel Hanrahan, Brandon League, and Fernando Rodney, all of whom are expected to start the season as closers. He's ahead of Chris Sale and Hong-Chih Kuo, who each may see some closer time this year and provide value even without saves.

 Meanwhile, Uehara is going undrafted in most ESPN and Yahoo leagues, because he’s not a big name and he put up “only” 13 saves in 2010. He’s certainly not someone you should reach for, but he’s worth more respect than he’s seeing.

What was the big David Aardsma news out of Mariners camp in Arizona a few days ago? Not that he was ready to pitch in a game. Not that he was ready to throw a bullpen, or even toss lightly off a mound. It was that he started walking – that’s it. As of a few days ago, throwing wasn’t even on Aardsma’s radar as he rehabs from hip surgery. Look for his rehab to extend well into April if not May, and that means that Brandon League is almost certain to start the year as the closer. (Yes, there are rumblings about Chris Ray, but check out his subpar strikeout and walk rates from last year and see how exciting he seems.)

The lost time and uncertain recovery ought to knock Aardsma down most lists, yet despite that, he’s currently going 21st among relievers over at MDP, ahead of Joe Nathan, Craig Kimbrel, and Hanrahan. That seems unreasonably high for a pitcher who’s going to miss the first month, if not more; it’s possible that people are just looking at the 30 saves Aardsma put up last year without considering his current situation. Meanwhile, League lags 20 spots behind at 41st, behind Brian Fuentes and Evan Meek, two pitchers who merit little fantasy consideration. As I’ve said previously, I like League as a good buy-low, sell-high candidate if he gets off to a good start, and the gap in ADP between the two seems a bit much.

We’re actually seeing the opposite situation happen in Florida, where last week I looked at how Leo Nunez was coming off a season where he ended up losing his job to Clay Hensley. Despite hitting the 30-save barrier, which usually catches the eye of fantasy players, Nunez is languishing down at 38th among relievers at MDP. As I’d noted, Nunez was doing just fine through the end of July last year (a 2.64 ERA, a 49/11 K/BB, and a 595 OPS against) before crumbling in August and bouncing back in September. Nunez is by no means elite, nor should you consider him as such; however, he’s increased his K/BB rate in each of the last two seasons, and the Marlins have stated that he will be the closer going into the season. Is that not more valuable than non-closers Meek, Daniel Bard, or Octavio Dotel, who are all going higher in drafts? I’d argue that it definitely is.

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The "value pick" theme is getting a little stale. Any chance other fantasy topics can be covered?

Wow. Could not disagree more.
I like the contrarian views, here. Rob, I wouldn't worry about the Value Picks changing; we found that to be successful last year and don't plan on losing that this year.

However, rotoman, I like hearing opinions about what could be improved or made more useful. What about Value Picks don't you like? What would you prefer to see? I think that if there's staleness - and I assume this is because I've talked about several of these guys before - it's because of the time of year, because it's too early to see much change due to on-the-field play. As the spring progresses and the season starts, injuries and poor performances will start to mount and we'll have a lot of new names and situations to dissect.
Also disagree. I enjoy the series.

Don't get me wrong, I like this subject but other things could be covered as well. With you asking, here are a few. And I have a question for you at the bottom.

1. Coverage on guys who will be busts at auction drafts
2. Spring training coverage of box scores--guys who are rising and fading
3. Spring training position battles. For example, guys who might claim the 5th spot in rotations, they could provide nice value for little dollars and position battles for regular players as well.
4. Rookies that will make a impact this year in regards to fantasy stats.
5. Injury coverage- guys you might take a chance on in auction formats and guys who you would pass on.
6. FAAB talk--during season
7. Guys who changed teams for this year who might put up better or worse #'s due to team and ball park change.
8. Auction draft strategy discussion

My question you may be able to help me with. What is the update schedule for PFM? Is it daily after a certain date or weekly, if so what day of the week?For example, I have a draft on 3/13, when will be the latest up to PFM before my draft?
Per the PFM changes, it has to do with how often the actual landscape of players change. We're going to tinker with it continually--once a week at minimum, but more often if the situation warrants. So you'll have an updated version by draft day, assuming there isn't some major slew of injuries in the middle of your draft that changes everything.
Can you post a note on each time you update playing time projections? Right now, it's unclear, e.g., if any updates have been made since the initial release on Feb 16.
Rotoman, appreciate the feedback. I would say that we do already do some of that - #2, #3, #5 and #7 often pop up in the weekly Value Picks articles, including somewhat in this piece.

For some of the other things, I think those could be good ideas for individual pieces. I remember at the end of last season we did do articles on rookies that could be interesting for the upcoming season, and we'd do well to revisit that.
Interesting, but myself I don't know how much value I would put into ESPN or Yahoo ADPs. A ton of auto drafting goes on in their leagues, where the predetermined lists are largely based on last year's ranking, hence Gregg/Aardmsa ranking much higher than Uehara/League. In a remotely competitive league that is not going to happen.
Thanks Marc.
agreed w/ evo34.

will become more important as roles are defined and battles won.

ie - say EY jr wins the 2b job, he'd vault over and decrease the value of a number of 2b types