Prospect Week Primer

Welcome to another edition of Prospects Week! It’s like Shark Week except with fewer severed limbs, better editing, and a mandatory mention of Hunter Harvey. It’s been a while since we’ve done a thorough-going procedural refresher before getting into the meat of the week, a rundown of what it is we’re doing, why we’re doing it, and how we came to do it this way. For those of you who have been following prospect coverage at FanGraphs for a while, you’ve likely read and/or listened to versions of this before. There have been no significant changes to our process, so for you, the word pile below should mostly serve as a review. For those new to this process, however, welcome! I’m glad you’re here and sorry this is so meticulous.
Let’s start by talking about distributions, the 20-80 scale, and Future Value. Obviously the point of prospect evaluation is to gauge whether a player has the potential to play major league baseball. If the answer to that query is, “yes,” then it’s important to specify how good of a big leaguer we’re talking about. While it comes with its own margin for error, Wins Above Replacement is the best public-facing metric we have for evaluating big leaguers over a meaningful sample. As such, it’s useful for us to try to map our prospect predictions to that metric since it gives us a pretty granular way of distinguishing players from one another. We all know that both Mike Trout and Bryce Harper are very good, but WAR helps us to more precisely understand just how good, and shows us the daylight that exists between players all over the talent and performance spectrum. Read the rest of this entry »