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ERA:
Martinez 2.76
Carpenter 2.26
Clemens
1.49
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like the ERA's of these three men speak for themselves? they dont.
FIP formula:
Fielding Independent Pitching, a measure of all those things for which a pitcher is specifically responsible. The formula is (HR*13+(BB+HBP)*3-K*2)/IP, plus a league-specific factor (usually around 3.2) to round out the number to an equivalent ERA number. FIP helps you understand how well a pitcher pitched, regardless of how well his fielders fielded.
Pedro 2.54
Carpenter 2.60
Roger 2.63
While its not a perfect way to judge a pitcher its much better than ERA.
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Interesting numbers. I obviously need to beef up on my baseball metrics so I can join in some of the discussions. All I know as a Cards fan is I'm confident when Carpenter is pitching, and if he performs in the playoffs I won't care too much about who wins the Cy Young.
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FWIW, if you check out the XFIP stat, which takes into account a pitchers 'luck' with the homerun, Carpenter projects to pitch better than both of them the second half.