I set up my values pretty much the same way as Elijah so I think I can answer your questions. Some of this is going to be long, but I'm trying to spell it out as clearly as possible.
You need to calculate YOUR OWN coefficient. You can't use his because his matches his VORP value. Here is an example with 5 players using your VORP values-
Zambrano 14 wins, 181 IP, 3.03 era, 1.29 whip, 180 k
Prior 15 wins, 229 IP, 3.15 era, 1.23 whip, 200 k
Lieber 15 wins, 215 IP, 4.06 era, 1.27 whip, 136 k
Milton 12 wins, 198 IP, 4.45 era, 1.32 whip, 150 k
WWilliams 11 wins, 177 IP, 4.17 era, 1.33 whip, 115 k
Now, to get your coefficients, you do the following (I'm using wins as an example)-
Zambrano 14 - 11.5 = 2.5
Prior 15 - 11.5 = 3.5
Lieber 15 - 11.5 = 3.5
Milton 12 - 11.5 = .5
WW 11 - 11.5 = -.5
total wins = 9.5
IMPORTANT!- Only get the 'total wins' or 'total ks', etc, using the number of pitchers that will be kept. In your case, you have 54 starting pitchers being kept. Otherwise your coefficients (coming up next) will be incorrect!
Now to get the coefficient, divide the money allotted for wins (1/4 of your pitching money if you're using 4 categories) by those wins. Assume there is $100 to spend on the five pitchers and you have four categories, so you have $25 allotted to wins-
25/9.5 = $2.63 per VORP win (your coefficient), so we get the following-
CZ 2.5 * $2.63 = $6.58
MP 3.5 * $2.63 = $9.21
JL 3.5 * $2.63 = $9.21
EM 0.5 * $2.63 = $1.32
WW -0.5 * $2.63 = -$1.32
total spent on wins= $25.00
Now do the same for the other categories using the calculations given by Elijah. Excel is a great tool for this.
FYI- take pitchers 55-60 or so and calculate their values against the same coefficients--you may find that based on your league the 55th best pitcher (according to Rotoworld, Rototimes, whatever) is actually better than the 54th or 53rd BASED ON WHAT YOUR LEAGUE USES for stats.
Hope this was helpful!