Beckett brought a huge value last year, he's the reason I finished in the money in my AL League. He was mostly ignored during draft season and posted a 13-7 record, 175 Ks, 2.89 ERA and 1.03 WHIP. Obviously he won't repeat that ERA/WHIP but if he goes cheap again this year I'll give him a shot. He often gets overlooked because of injury issues but his talent level is elite and he has the best offense in baseball behind him.
This is the staff I've assembled in the Cafeholics Masters league draft, 15 teams going on now, 9 spots no bench. I thought the arms just flew off the board early, and closers holy cow they were ridiculous, but I'm more than happy with the 9 I got. Rounds taken noted.
P - Ubaldo Jimenez, Cle (8.10) P - Brandon Morrow, Tor (9.06) P - Shaun Marcum, Mil (10.10) P - Daniel Bard, Bos (14.10) P - Chris Sale, Chw (15.06) P - Gavin Floyd, Chw (17.06) P - Brandon League, Sea (12.10) P - Matt Capps, Min (13.06) P - Vinnie Pestano, Cle (18.10)
As unlucky as Beckett was in 2010 his luck turned completely the other way in 2011 as reflected by .245 BABIP and 80% LOB. I'm drafting Beckett with expectations of him repeating his second half numbers which reflected a normalization of those lucky factors - 3.60 ERA, 1.13 WHIP. He plays in poor ballpark and a tough division so I'm not a big believer that he'll keep that ERA much under 3.50. If he drops to a reasonable draft position I'll draft him with those expectations.
Right on J24jags, a good strategy would be to pair a Morrow/Gio type with a Cory Luebke, Doug Fister, Brandon McCarthy, type pitcher in the mid to later rounds. Another strategy would be to balance mid round strikeout/upside picks such as Morrow, Beachy, Scherzer, and Anibal with one or two rock steady, high IP, low ratio guys such as Dan Haren or Matt Cain to anchor your staff.
In other words, don't go overboard on K's. It will only get you so far.