Through your model to you see any continued inefficiency that may lead us to think Saves are overvalued in any way? Just a curiosity, as the idea that “getting lots of saves means you should definitely be a closer” seems to be slowly eroding (as far as I can see in the media). See your Braves this past year, for example. Just wondering.

Very good question. In my comparisons of free-agent salaries to player marginal revenue products, I’m finding teams may be overpaying for starting pitchers. Teams appear to be getting position players and relievers right. This anomaly could be explained by a few bad contracts or if very good teams (which value wins more than average teams) are signing a lot of free agents—pushing the wages above the expected marginal revenue product on an average team.