by **Skin Blues** » Sat Feb 22, 2014 9:27 pm

I've never played in a points league, but this should work in theory. As with anything, theory can be impractical, so if something looks way off, it probably could use some tweaking.

First, if it's roto with Games/IP limits, you might want to convert projected fantasy points into points/game for hitters, and points/IP for pitchers. If it's H2H, you can probably skip that step. I will give the rest of the guide assuming you're using total points for H2H but it's easy enough to apply the theory to points/game points/IP.

Rank all players by projected points (or points/game, points/IP). Calculate total active rostered players (ie: 12 teams x 13 players/team = 156 players). Check if there's enough players at each position to fill all rosters within those 156. If not, add enough points to each player at those positions (same amount to every player at a given position, ie: add 100 points to all catchers and 50 points to all SS) until the top 156 have enough players to fill all active roster spots. Once this is done, subtract X amount of points from every player, where X is the amount of points scored by the 156th ranked player. The remaining value is the PAA (points above replacement; it will be negative for players ranked worse than 156). Now, simply find out how much available money there is for each PAA. If there are 20,000 total PAA among the top 156 players (don't include negative values or else theoretically there could be a negative amount of total points) and total money allocated to hitters of $2184 (12 teams x 70% of a $260 budget in a normal 70/30 hitter/pitcher split), then each PAA is worth $0.1092. So if Miggy is worth 550 PAA, then he is valued at $60.

Do the same for pitchers, except the budget changes to $936 in this example.

Now, you should have values to be able to determine if Player X at $3 is a better buy than Player Y at $1. This probably seems confusing, and it's possible I screwed something up, but if you have any questions just ask. As I said earlier it will also likely need some tweaking. For instance, valuation of closers almost never follows theoretical values, and since supply is so low, it's a very volatile market that depends on owners' tendencies.