i have a feeling there is going to be a lot of peolpe proven wrong next season by Dempster when excels again with regular work. He is a converted starter who rusted away last season after a good first run as a closer and doing well as a reliver. Wuertz Eyre Howry Wood Dempster crazy good. Spending $20M on the bullpen is a serious misapplication of funds unless your overall budget looms around $200M. Basically, I can't find any way to believe that a bullpen represents more than 15% of any good team's value. Take the standard breakdown of the contributions into offense, defense, starting pitching & bullpen. How many you score is roughly 50% of the game (I've read some decent arguments that it represents slightly less than that, though). That leaves 50% to split amongst the pitching and the defense (components of preventing runs, of course). Let's be generous and say that pitching accounts for 40% of the 50%. The question that remains is the allocation of value between starting pitching and relief. Now, on a pure innings basis, starting pitching in baseball these days accounts for around 2/3 of the innings (a touch more than that, last I looked). So a straight division of the pitching value would put the relief core at 13%. Some would argue that number should be higher because dollars allocated to late inning relief can be used in higher leverage situations. But I would argue the opposite. ** warning -- gut feel, unsubstantiated claim alert ** My guess is that teams post a really good winning percentage in general if they 1) score first and 2) hold a two run or better lead coming out of the sixth inning. In other words, my claim is that more games are won and lost in the first six innings than in the last three. I wish I had more time to delve into this claim to find whether it is true or if I'm off on my thinking here. But to get back to the original point, there's no way I'd spend more than 10-13% of my budget on relief unless I was getting a WHOLE bunch of really cheap, really good production somewhere else. But another reason I wouldn't blow that percentage on the pen is that I think that's one of the easiest areas of the team to get some quality, cheap production. Oh yeah, and big money relievers are among the most unpredictable investments in the game. I think you're understating the wastefulness of an overpriced bullpen because you didn't include a discussion of closers. The closer is the most expensive reliever, but the nonsensical nature of the closer concept guarantees that a team will never ever get its money's worth from an expensive closer. As much as I like baseball, I'm always embarrassed to explain how closers are used and how much they are paid for what they contribute. The bullpen is the only part of a baseball team that has such a stunningly stupid and overpriced role built into it.