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Random Idea: FIP+

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Think of it as a handy reference, like ERA+ and OPS+, just to see where player ranks with that particular ERA/OPS. I haven't league or park adjusted the numbers, and I'm not sure I will, but here's a look at the top and bottom ten using FIP+ (league FIP (4.22)/player FIP):

Player
ERA FIP FIP+
Jonathan Papelbon 2.34 2.01 210
Mariano Rivera 1.4 2.03 208
Grant Balfour 1.54 2.22 190
Brian Fuentes 2.73 2.24 188
Jonathan Broxton 3.13 2.26 187
Hong-Chih Kuo 2.14 2.28 185
Kerry Wood 3.26 2.32 182
Brad Lidge 1.95 2.41 175
Tim Lincecum 2.62 2.62 161
Joba Chamberlain 2.6 2.65 159

And the bottom 10:

Daniel Cabrera 5.25 5.61 75
Justin Speier 5.03 5.81 72
Shawn Chacon 5.04 5.83 72
Brandon Backe 6.05 5.87 72
Tom Glavine 5.54 6.02 70
Josh Fogg 7.58 6.07 70
Radhames Liz 6.72 6.17 68
Miguel Batista 6.26 6.23 68
Joel Peralta 5.98 6.3 67
Tom Gorzelanny 6.66 6.35 66
Gregory Reynolds 8.13 6.81 62

Not surprisingly a ton of relievers in the top 10, with the top three actually coming from the American League East -- the MLB version of the "Group of Death". My question for everyone is whether you would like to see more work put into this by myself and if you even find it useful at all.

Reference

FanGraphs