The Upcoming Mike Leake Mistake

With the Winter Meetings officially in high gear, some early themes and trends of the 2015-16 offseason are establishing themselves. Foremost among them is the substantial investment of years and mega-millions in the legion of starting pitchers on the free agent market. Sure, the game is flush with cash — and, certainly, there is quite a bit of high- to middle-end pitching talent on the market — but the first few officially consummated deals are coming in above projections in terms of years and/or dollars.

Zack Greinke, $34.3 million per year through his age-37 season? David Price, $31 million per year through his age-36 season? Hisashi Iwakuma, who has exceeded 180 innings pitched exactly once in his four seasons in the U.S., and who also endured nagging shoulder injuries during his time in Japan, guaranteed $15 million per year through his age-37 season?

John Lackey and Jeff Samardzija came in a bit closer to year/dollar projections, but they both bring their share of risk to the table. Another half-dozen starters are likely to put pen to paper in the next few days, and it’s a pretty safe bet that most of the contracts aren’t likely to end well.

Mike Leake, who just completed his age-27 season, could be one of those. He’s been connected to a handful of clubs, and is often mentioned as a consolation prize for the clubs missing out on the Greinkes, Prices and Johnny Cuetos. Though his age and durability would appear to be significant plusses, he seemingly oozes league-averageness. How much, and for how long, are clubs going to be willing to guarantee a pitcher with a round career ERA- of 100?

I was in my first season as a member of the Seattle Mariners front office during Mike Leake’s draft year. The draft had a clear first overall pick in Stephen Strasburg and, most felt, a clear second overall pick in Dustin Ackley. There was another group of a handful of players, including Leake, in the draft’s next tier. I saw him pitch a couple of times at Arizona State during major league spring training, and really liked what I saw.

He lacked the top-of-the-scale fastball velocity and imposing physical stature that you look for at the top of the draft, but he had just about everything else. He pitched above his stuff, commanding four pitches including a plus slider, and had enough changeup to handle opposite-handed hitters. His athleticism was apparent; he could really hit and field his position, and had a knack for stepping it up in the late innings of close games. Leake might sit 89-91 mph with his fastball for six innings, and then pull 93 out of his back pocket to get a big out late. The performance numbers were great, the scouts spoke glowingly of his makeup. If anything happened to Ackley on the way to draft day, Leake would have been a perfectly serviceable backup plan.

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When you’re drafting a player, you’re only drafting his six controllable MLB seasons — if he’s lucky enough to get to the majors in the first place, let alone last that long. Leake leapt straight to the majors in his first pro season, logged only 7.1 innings in the minors overall, and has recorded a 9.7 WAR in his career going into free agency. That translates to a solid, if unspectacular #3 overall pick in 2009 by the Reds. Leake ate up innings, qualified for five consecutive ERA titles from 2011 to -15, and produced annual WAR totals between 1.4 and 2.3 over that span.

Clubs often need to be reminded that they are paying players for what they are going to do in free agency, rather than what they have already done. It’s pretty rare for players to hit free agency with the sort of youth that certain members of this offseason’s free-agent crop — including Leake, Jason Heyward and Justin Upton — still possess. Does this make Leake more attractive than his free agent pitching compatriots? Or are there mitigating factors that severely limit his upside and value? Let’s take a look his 2015 plate appearance frequency outcome and relative production allowed by ball-in-play (BIP) type data to get a better feel. First, the frequency information:

Plate Appearance Outcome Frequency, 2015
Metric % REL PCT
K 15.3% 76 19
BB 6.3% 85 34
POP 2.2% 75 36
FLY 24.4% 81 17
LD 21.6% 102 54
GB 51.8% 113 80

There are clear plusses and minuses in Leake’s frequency profile. On one hand, he is a ground-ball pitcher who doesn’t walk many batters. His ground-ball percentile rank of 80 is quite good, and exactly matches his average grounder percentile rank from 2010 to -15. He’s never been lower than 64 or higher than 91 in that department. Leake’s walk rate percentile rank of 34 is actually his highest since his rookie season, when he posted a 60 mark.

On the negative side, his strikeout rate is his most obvious limiting factor. In six major league seasons, Leake has never posted an average or better strikeout rate percentile rank, and his 2015 mark of 19 was sharply down from 40 in 2014, and just above his career low of 16 posted the previous season. Mike Leake allows an awful lot of contact.

One more subtle flaw in Leake’s profile only becomes apparent when you take a multi-year view at the data. His 2015 liner rate percentile rank of 54 doesn’t exactly jump out, for a couple of reasons. First, it’s barely above league average, and second, liner rates are relatively random, fluctuating much more from year to year than those of other BIP types. There are, however, pitchers who possess a true talent either of yielding or preventing line drives. Leake, unfortunately, appears to have a knack for yielding them, as 2015 was the fourth straight season in which he has allowed a league average or higher liner rate, including marks of 85 and 91 in 2012 and 2013, respectively.

So we have a pitch-to-contact guy who allows a bunch of grounders (good thing) and liners (bad thing). The important piece of information yet to be evaluated is the authority of the contact allowed by Leake. To do so, let’s take a look at his relative production allowed by BIP type data:

Relative Production Allowed by BIP Type, 2015
Metric AVG OBP SLG REL PRD ADJ PRD ACT ERA CALC ERA FIP TRU ERA
FLY 0.183 0.704 140 198
LD 0.613 1.022 94 106
FLY + LD 0.466 0.913 116 137
GB 0.172 0.181 43 112
ALL BIP 0.287 0.465 83 111
ALL PA 0.240 0.288 0.388 86 112 3.70 3.42 4.20 4.44

The actual production allowed on each BIP type is indicated in the batting average (AVG) and slugging (SLG) columns, and is converted to run values and compared to MLB average in the REL PRD (or Unadjusted Contact Score) column. That figure is then adjusted for context, such as home park, team defense, luck, etc., in the ADJ PRD (or Adjusted Contact Score) column. For the purposes of this exercise, sacrifice hits (SH) and flies (SF) are included as outs and hit by pitchers (HBP) are excluded from the on-base percentage (OBP) calculation. One quick note here: I have presented this type of analysis many times, but only recently have I begun to show fly ball and line drive line items both separately and combined.

The most important factor to note here is that, across the board, Leake’s Unadjusted Contact Scores are substantially lower than his Adjusted Contact Scores. This means that, on all BIP types, the actual damage allowed was less than the damage he “should have” allowed based on BIP authority. His actual combined FLY/LD Unadjusted Contact Score of 116 is bad enough; only seven NL ERA qualifiers posted worse marks. That 137 FLY/LD Adjusted Contact Score, however, was the worst among NL ERA qualifiers, by a considerable margin.

The only saving grace, to this point, is that Leake doesn’t allow many fly balls, and his relatively strong batted-ball mix keyed by his high grounder rate conceivably could carry the day despite the relatively loud nature of his FLY/LD contact allowed. Leake allowed actual grounder production of .172 AVG-.181 SLG last season, good for a minuscule Unadjusted Contact Score of 43. Once you take authority into account, however, that figure jumps to 112. Yes, he allows harder-than-average grounder authority as well. On all BIP types, there is a huge gap between Leake’s 83 and 111 Unadjusted and Adjusted Contact Scores, respectively. That is by far the largest negative differential among 2015 MLB ERA qualifiers; in other words, he was the luckiest starter in baseball last season.

Add back the Ks and BBs, and those figures creep a bit higher to 86 and 112. His “tru” ERA of 4.44 (equivalent to a 114 ERA-) is adjusted for BIP authority and is quite a bit higher than his actual ERA of 3.70 (95 ERA-), and a bit higher than his 4.20 FIP (108 ERA-). Note his very low calculated component ERA of 3.42, which is based on actual performance allowed, including that incredible dose of grounder luck. Despite what his traditional numbers might say, Mike Leake was a well-below-average MLB starter qualitatively last season. Among the 38 NL ERA qualifiers, only one (Aaron Harang) had a higher “tru” ERA.

Going back a couple seasons, his 2014 “tru” ERA of 3.57 was better than his actual 3.70 ERA, while in 2013 (4.07 “tru” vs. 3.37 actual ERA) the calculus was similar to that of 2015. His Adjusted Contact Score was a slightly above average 95 in 2014, a slightly below average 105 in 2013. If you’re feeling charitable, he is an average to slightly below-average contact manager who is hurt further by his low K rate.

Here’s one more table to bring it all into perspective:

K/BB Contact Score Multipliers (2009-15)
MLB K > 2 > 1 > 0.5 AVG < (0.5) < (1.0) < (2.0)
BB > 2 68.9 77.2 81.8 88.5 95.8 102.8
> 1 72.3 81.2 89.1 94.6 101.6 106.2 112.2
> 0.5 77.5 85.6 89.0 96.9 103.1 111.8 118.4
AVG 82.1 87.5 92.1 100.4 106.9 113.2 117.6
< (0.5) 80.3 90.7 95.3 103.0 113.0 115.6
< (1.0) 93.4 99.0 106.1 114.8 123.1
< (2.0) 97.3 99.4 109.1 120.7
ALL 74.8 85.5 91.6 98.4 105.7 110.0 115.8

The K/BB Contact Score Multiplier is the average number by which a pitcher’s contact score is multiplied to derive his calculated component ERA. K rates increase from right to left in the above table, walk rates decline from top to bottom. Each cell is valued by the number of standard deviations better or worse than league average. For instance, Leake had a K rate of over a standard deviation worse than league average and a BB rate of over one-half standard deviation better than league average in 2015. This gives him a K/BB Contact Score multiplier of 111.8. This means that given an average contact score of 100, Leake’s ERA can be projected at 111.8, or nearly 12% worse than league average.

The 2015 season represents Leake’s best case scenario given his current K/BB status. He lucked into an 83 contact score, which kept his ERA in check. There have been two past seasons in which both his K and BB rates were a bit better, nudging him into the 101.6 multiplier cell. That’s his overall best case scenario: basically league average. That is not a pitcher into whom you want to sink big years, and big dollars.

I worked in the Brewers’ front office when we signed Jeff Suppan to a four-year, $42 million contract. It was not exactly my favorite transaction. On one hand, Suppan was quite a bit older (32) than Leake, but on the other, he was living in almost the same Multiplier table cell (113.2) at the time of his signing. Leake is probably going to get more years and even after adjustment for inflation, potentially more dollars per season than Suppan, who earned 2.1 WAR over the life of his contract.

Mike Leake is not a bad pitcher, but he is an awfully limited one. He will answer the bell regularly, but there simply isn’t any real upside above league average. An irrationally exuberant starting pitcher market is going to work out in his favor. He has had the good fortune to have some pretty strong infield defenses behind him throughout his career, and any club in hot pursuit would do well to follow suit, to raise the floor on its investment.





47 Comments
Oldest
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Not a Fanboy
10 years ago

And the haters gonna hate, hate, hate! Can’t wait for Leake to prove this joker wrong!!!

MikeMember since 2018
10 years ago
Reply to  Not a Fanboy

Thanks for expanding the conversation in a positive way by posting your insightful commentary.

Taylor Swift
10 years ago
Reply to  Not a Fanboy

Umm, it’s actually “And the haters gonna hate, hate, hate, hate, hate” – that’s five hates, K?

Potato
10 years ago
Reply to  Taylor Swift

5.

“What is Mike Leake’s K/9?”

English Describer
10 years ago
Reply to  Potato

What about his haters hating/9?

Just askin'
10 years ago

Thanks Tony for an interesting read. Quick question that I won’t pretend that I can answer: is it possible that Leake outperforms your expectations because he can induce “softer” contact on his line drives, fly balls, etc? Or is production on type of contact out of a pitcher’s control?

jdbolickMember since 2024
10 years ago
Reply to  Just askin'

Quite the opposite. Mike Leake regularly allows among the lowest percentage of “soft” contact according to the batted ball figures.

Noah BaronMember since 2016
10 years ago
Reply to  Just askin'

Did you read the article? Quality of contact is main component of his evaluations.

Just replyin'
10 years ago
Reply to  Noah Baron

My question is whether it might be possible that Leake induces, for example, fly balls (e.g., infield pop-ups) which are more catchable than the typical fly ball. Is there anything to be gained by drilling down further within each category?

AF
10 years ago

Thanks for the analysis, but it seems to me that what you’re arguing is apparent to everyone: Mike Leake is a solid, league-average innings eater. In this market that is worth a good 15-20 million per year. The real question is how long is likely to keep it up. If, because of his age and durability, he is likely to sustain that for the next 4-5 years, then the $80 million or so he is expected to get starts looking fairly reasonable. I doubt he will get much more for that, precisely for the reason that you give: he doesn’t have the upside to justify it.

matt w
10 years ago
Reply to  AF

I think the issue is partly that Leake has been a solid, league-average innings eater, which would justify around a $15 million contract. But if Tony is right he is unlikely to be more than that, and every pitcher has a considerable chance to produce less than that. A bet where you’re not likely to get back much more than you put in and you have a considerable chance to get much less is a bad bet.

The caveat is that, in the NL, Leake might add a win per season with his bat and glove. That could make him more worth it.

AF
10 years ago
Reply to  matt w

My point is that I don’t think anyone expects him to be more than that. Using Steamer calculations and the standard inflation and aging curve that Fangraphs have been using, I believe he is worth around $75 million on a 5-year deal. Without ever going above 2 WAR.

jdbolickMember since 2024
10 years ago
Reply to  AF

More like $60 million over five years, and that’s only if you accept $8 million per WAR.

jdbolickMember since 2024
10 years ago
Reply to  AF

And to be clear, that’s based on him averaging 1.5 WAR per season over the life of that contract, which I do not believe that he will.

AF
10 years ago
Reply to  AF

He is projected to have 2 WAR. The aging curve has him maintaining that for his age 28-30 seasons then going down to 1.5 and then 1 WAR in the next 2 for a total of 8.5 WAR over 5 years. At $8 million/WAR with 5% inflation that’s $74 million.

jdbolickMember since 2024
10 years ago
Reply to  AF

Projecting Mike Leake to average two WAR over each of the next three seasons is very optimistic. That is not at all likely.

arc
10 years ago
Reply to  AF

Not at all likely? He’s been a 3 WAR pitcher the last 3 seasons by RA9WAR and averaged exactly 2 by fWAR.

Pessimism is one thing, but “not at all likely” seems like an overstatement.

jdbolickMember since 2024
10 years ago
Reply to  AF

I believe the point of Mr. Blengino’s excellent piece was that Mike Leake only appears to still be league average when in actuality he has already dropped below that and only managed league average production due to “lucky” results on contact. His swinging strike, contact, and Z-contact rates all were career worsts in 2015, but a relatively lucky BABIP suppressed those effects. So in reality the team that signs Leake will be buying an already below average pitcher who may continue to get even worse.

AF
10 years ago
Reply to  jdbolick

Fair enough, that does seem to be the implication of the article. But that conclusion isn’t evident in established advanced stats like FIP and xFIP and it doesn’t show up in Steamer which projects him to be a 2 WAR pitcher next year. I don’t see any reason to believe that Blengino’s insightful analysis is more reliable than these time-tested numbers — especially since Blengino isn’t claiming that there has been any noticeable physical change in Leake’s work. But you’re correct, Blengino has made an argument, which is compelling if you accept that he has come up with a better prediction system than the standard available ones. I don’t.

joser
10 years ago
Reply to  AF

I guess we’ll have to wait a year and see, eh?

tippie
10 years ago

Jays have a very good defence. I would enjoy hearing Leake was signed for 4 years.

Powder Blues
10 years ago
Reply to  tippie

Please, no thank you. That money can and should be spent elsewhere.

Dayton Moore
10 years ago
Reply to  tippie

No you don’t. BJs were 23/30 in team defense with -9.1 runs. And 14/30 in UZR. Don’t be so delusional.

Cory Settoon
10 years ago
Reply to  Dayton Moore

No you don’t.

They will get a full season of Tulo this year. And they do have plus defenders at C, 2B, SS, 3B, and CF. Revere is a toss-up. Maybe some familiarity will do him well. Bautista is the biggest sore spot.

Rockies Fan
10 years ago
Reply to  Cory Settoon

It’s adorable that you think you’re assuming you’re going to get a full season out of Tulo.

Rockies Fan
10 years ago
Reply to  Cory Settoon

Oops, that didn’t come out right. But you get the point.

siggian
10 years ago
Reply to  Cory Settoon

If not Tulo, then it would be Goins, who might be even better defensively.

Jason
10 years ago
Reply to  Dayton Moore

Though to be fair, that was with a shortstop who’s legs don’t work and when the Jays were trotting out two DH’s as their LF. You would think their defense is better than that number. I wonder of you isolate the defence post the deadline trades what you would see.

Gregory
10 years ago
Reply to  Jason

You would see a noisy signal

ashlandateam
10 years ago

One correction – Leake was drafted #8 overall, not #3.

Hurtlocker
10 years ago

It seems so odd that a pitcher would be the highest paid baseball player??

srpst23
10 years ago

I know that he is a few years older, but he seems to be pretty similar to Charlie Morton, with even less K’s. I know no one who thinks that Morton would be worth 15mm/yr on the open market. Is being 4 years younger really that big of a deal for a pitcher with very little upside?

Cory Settoon
10 years ago
Reply to  srpst23

I was going to write how their rate stats are similar but Morton has never thrown more than 171.2 innings. Then I looked and saw that Leake has only topped 200 innings once.

I guess this is a decent comparison.

CCSAGE
10 years ago

Tony, that ’09 draft was pretty interesting. What do you recall about the circumstances around the player that went #25 that year?

tander28Member since 2016
10 years ago

5/$80M seems perfectly reasonable to me for Leake in today’s market. By 50/50 RA/9 FIP WAR he has been worth 2.55 WAR on average over the last three seasons. Round it down to 2.5 if you want, and I’m sure the formatting on this will get all screwy, but here goes:

Year Age WAR$/WAR Est. Value
2016 28 2.5 $8.0 M $20 M
2017 29 2.5 $8.4 M $21 M
2018 30 2.5 $8.8 M $22 M
2019 31 2.0 $9.3 M $18.6 M
2020 32 1.5 $9.7 M $14.6 M
Totals 11.0 $96.2 M

Assumptions
Value: $8M/WAR with 5.0% inflation
Aging Curve: +0.25 WAR/yr (18-27), 0 WAR/yr (28-30),-0.5 WAR/yr (31-37),-0.75 WAR/yr (> 37)

Gregory
10 years ago

He seems to fall into the Kyle Lohse, Matt Garza type signings where the dude is a league average pitcher but the contract always seems like an overpay despite what once calculates on paper.

Chaz
10 years ago

I wonder how big the park factors play in here. Pitching in the Great American Ballpark would surely lead to bad “production allowed from LD/FLY” numbers for almost any pitcher, since it is so easy to hit HRs there. Goes without saying home runs have a huge impact on slugging percentage.

So to me I would be a lot more convinced of his extremely good luck, if the analysis used batted-ball data rather than slugging percent. I just don’t trust the park adjustment (which are oversimplified down to 1 number) to account for the ease of hitting HRs in Cincy.

M W
10 years ago

Hate to break it to you Tony, but if it’s 34 M$ for a 37 year old or a 31 year old who has proven successful in a hitters ballpark for 16 M$ – I’m choosing the 31 year old every time.

According to what you’ve written every single FA signing is a bad one.

Anonymous
10 years ago
Reply to  M W
William Kubas
10 years ago

As one who has a record of every pitch Leake has thrown, the article is well written and has a degree of impartiality.

I had an optimistic $22 million per year, but 5/$80 million is fair for an 11 win – 200 innings per year #3 pitcher.

GO SUNDEVIL BASEBALL.

Joe Blow
10 years ago

Don’t forget, he worked in the Mariners front office. The head guys aren’t getting their own coffee at that point..

evo34Member since 2023
10 years ago

The other issue is that he faced a bottom-5 quality of opposition (of all qualified NL SPs) in 2015.

Tommy P
10 years ago

Leake was the 8th overall pick not the 3rd. That distinction belongs to the ever disappointing Donovan Tate.

screamin_jay
10 years ago

i’m sure that move will somehow turn out bad for the nats!

Tom
10 years ago

Love the stats. Please tell me what Samadrja were for him to receive 5yrs/90mil. A WAY UNDER .500 PITCHER. Who you read is fastball down the middle. What has he done. That Leake hasnt to deserve that $. Leake should be 5yrs/$105mil at least.

Rick
10 years ago

So, Samardzija sucked last year.Leake didn’t suck that much. So, we’ll pay Leake more. Makes perfect sense.

Brian W
10 years ago

Leake will benefit from the spacious Busch Stadium. Cards would really help themselves to get Gerrardo Parra now.