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WARP -- Perhaps no sabermetric theory is more abstract than that of the replacement-level player. Essentially, replacement-level players are of a caliber so low that they are always available in the minor leagues because the players are well below major-league average. Prospectus' definition of replacement level contends that a team full of such players would win a little over 50 games. This is a notable increase in replacement level from previous editions of Wins Above Replacement Player.

Here is an example of the Wins Above Replacement Player spectrum based on the 2011 season:

Excellent - Jose Bautista 10.3
Great - Hunter Pence 5.2
Average -Gaby Sanchez 2.0
Poor - Adam Lind 0.5
Horrendous - Adam Dunn -1.7

WARP components can be found in this article, which also describes 2015 changes to FRAA:

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