My goal with pitching is generally broken down as follows:
1 SP - Ace
1 SP - very good pitcher
2 SP – cheap but high K/9, young or otherwise undervalued.
Here’s where I’ll take a chance on guys taking ‘the next step’. 
1 Closer with a job
2-3 MR – middle relievers with high K/9 AND K/BB ratios. 
I
also try to grab the ‘next in line’ guys. 
We start 7 pitchers so this would be my starters with one
bench. For my bench I like at least 2 and perhaps 3 of my 4 to be pitchers.
Some guys go the opposite way and I can’t fault them but I like to maximize my
innings pitched through high K/9 and K/BB middle relievers that might get some
vulture wins and potentially become closers. This normally ends up with me
being near the top in most pitching categories except Wins which I struggle in.
The other downside here is that with only 1 bench bat injuries can cripple my
lineup so I’m generally much more active in free agency than my competitors. One
of my competitors in particular loves multi-position eligible guys and bench
bats and each year he has over 100-120 more games played than I do. To make up
for this I need to be effective in the games I do play. 
I’ll refer you to the ‘How to make a Justin Verlander’ blog
I wrote on my philosophy of mixing middle relievers with high strikeout
starters to round out my pitching so I won’t explain that here. 
As I said earlier I had mapped out my team with either
Carlos Santana as my catcher or Ryan Doumit. 
With an assumed $20 invested in Santana I had mapped out my
pitching as follows (As my first attempt):
P             Scherzer              $30         KEPT
P             Peavy                  $7          KEPT
P             Dickey                 $30
P             Holland                $8
P             Hanrahan             $24
P             Herrera                $2
P             Tillman                 $2
B             Alburqueque        $1
B             Delabar               $1
B             T. Hunter            $1
That totals $106 which I decided was way more than I wanted
to invest in pitching. I also came to the conclusion that I wouldn’t touch
Hanrahan with a 10’ pole this year. 
Next I decided to break down my dollars spent on bats and
arms. Since there seemed to be cheap pitching available but I knew I still
needed to spend some considering I already had $37 invested in Peavy and
Scherzer I broke it down as 180/80. For me this became either 184/70 or 180/74
as I had dealt $6 away to win the Greinke sweepstakes last year. 
My second shot at planning my rotation was:
P             Scherzer              $30         KEPT
P             Peavy                  $7           KEPT
P             Madson               $15
P             Holland                $5
P             Floyd                   $7
P             Tillman                 $3
P             Alburqueque        $1
B             Hunter                  $1
B             Uehara                 $1
B             Herrera                $1
That totals $ 71 and other than the exclusion of Dickey I
don’t think there’s much difference than to my first shot. Frankly I have more
faith in Madson coming off Tommy John than I do in Hanrahan so that’s like free
money. 
So what did I end up with? 
P             Scherzer              $30           KEPT
P             Peavy                  $7             KEPT
P             Veras                  $12
P             Madson               $13
P             Norris                  $2
P             Cook                   $2
P             Tillman                 $3
B             Hunter                 $1
B             Uehara                $1
Total: $71
Obviously that didn’t go as I planned it. 
Madson, Tillman, Uehara and Hunter were all guys that I had
targeted so I’m fine with them on my team. Ryan Cook I think could very well
end up the closer in Oakland and I thought he’d go for more money (Sean
Doolittle went for $5 and I’d rather have Cook). Where I potentially dropped
the ball is on Veras and Bud Norris. 
For reference the $12 I spent on Veras that should have been
spent on a starter could have purchased: Buerhle $11 (who doesn’t fit with my
philosophy), Holland $12 (this one hurts a bit but I think that’s too much), C
Perez (a much better option than Veras and I’m much more down on Pestano this
year than last), Romero $11 (who I wouldn’t touch), and Santos $12 (who is a gamble
but a decent one).  
I view Veras as likely crap but he could be fine. The thing
with closers is you never know. His underlying skills are decent. His K/9 was
10.6 last year which is great, he doesn’t give up a lot of fly balls and he’s
got the job in Houston. Even closers on bad teams get saves. His problem is
that he walked 5.4 guys per 9 last year which will kill you every time
(ironically enough Hanrahan walked 5.4/9 last year too – haha). 
Norris has good skills but he walks more guys than you’d
want out of a starter and his strand rate could be better. Otherwise he’s got
really good skills and someone on Houston will win 12-13 games so why not him? 
My problem overall is that I could have too many closers and
not enough starters which is only a problem if I don’t make trades. Skill wise
I’m happy with the $71 I spent on pitching and I think that I can get more
value out of this by dealing a closer. I view Uehara, Cook and Hunter all as
potential closers for their teams. 
 
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