Links to season-by-season data
AL               1995        1996        1997        1998        1999     2000
           2001         2002        2003        2004        2005        2006
NL               1995        1996        1997        1998        1999     2000
           2001        2002        2003        2004         2005        2006
Position adjustments
Ratings for the 2000-2004
seasons may be found in "The
Book on the Book" by Bill
Felber
Earned
Value
Second and
Third Basemen
PA        Adj
600        5.00
550        4.60
500        4.16
450        3.75
400        3.29
350        2.90
300        2.50
250        2.10
200        1.64
150        1.25
100        0.85
Pitchers
IP         Adj
243        6.00
223        5.50
203        5.00
182        4.50
162        4.00
142        3.50
122        3.00
101        2.50
81        2.00
61        1.50
41        1.00
21        0.50
Catcher
PA        Adj
600        5.50
550        5.04
500        4.58
450        4.11
400        3.65
350        3.20
300        2.75
250        2.29
200        1.82
150        1.38
100        0.94
Here are the
position
adjustments. All are
based on plate
appearances
except for pitchers,
whose adjustments
are based on
innings pitched.
Earned Value is a figure, expressed in dollars, which represents
the amount a player contributed to his team's success. It is
computed based on position and is comparative with other
players who played the same position in the same league during
the same season. The higher a player's Earned Value, the more
he contributed to his team's success. Players who exceeded the
average Earned Value for the position were a net contributor.
Earned Value can also be used to measure a player's
contribution relative to his pay -- a gauge of utilization of salary
resources -- but this can be misleading since a player may be
significantly positive in this category yet well down the list in
actual Earned Value.

To calculate Earned Value, a standardized player rating tool is
necessary. I use BFW or PW. It is also necessary to know the
salary of all players. Finally, in order to avoid negative overall
ratings at any particular position, an adjustment is added based
on playing time. The adjustments for each position, which were
suggested by Pete Palmer, are noted at the bottom of this sheet.

The formula for Earned Value is:

EV = (A - B) * (C) + (D)

where A = Adjusted BFW or PW
B = League Average Adjusted BFW or PW
C = Average League Salary at the position/League Average
Adjusted BFW or PW
D = League Average Salary at the position.

As an example, here is a calculation of Scott Rolen’s Earned
Value for 1998. Rolen's BFW  was 5.1. His Adjusted BFW was
10.6. His salary was $750,000. The averaged Adjusted BFW for
NL third basemen was 4.07. The average salary for NL third
basemen was $1,536 million. The calculation is as follows.

Rolen's EV = (10.6 – 4.07) * (C) + (1.536)

Where C = 1.536/4.07 = .377747

Rolen's EV = (6.04 * .377747) + $1.536

or $3.818 million

That made Scott Rolen the most valuable third baseman in the
National League in 1998.
Shortstops
PA        Adj
600        6.50
550        5.95
500        5.40
450        4.85
400        4.30
350        3.85
300        3.25
250        2.70
200        2.15
150        1.60
100        1.05
First Base and
Outfield
PA         Adj
600        4.50
550        4.13
500        3.75
450        3.38
400        3.00
350        2.63
300        2.25
250        1.88
200        1.50
150        1.13
100        0.75


Earned Value
billfelber.com