I ran the Steamer pitching projections through my basic formula which compares players across categories based on standard deviations above replacement in each category. The merits of the approach are it generates a good overall value based on the projected the player pool. The weakness is it doesn't account for the way people actually fill their pitching slots, i.e., it assumes everyone's trying to maximize overall value of the nine slots rather than doing so for seven while separately trying to score well in saves in the last two. As a result, one-dimensional closers - those projected to help in saves but little else - are ranked lower than they would be in a typical draft or auction.

Moreover, I'm not suggesting you use this as a draft-sheet - Steamer has a lot of assumptions about health and role built in that turn out to be inaccurate. But overall, Steamer has proven to be the most reliable of all the projections systems, so it's a good starting point to compare relative values. Finally, I used a $260 budget, 12-team, nine-pitchers-per-active-roster set-up to get the dollar values with a 30 percent allocation of total budget toward pitching.

Here are the rankings:

A couple things that were noteworthy to me:

• Clayton Kershaw is miles ahead of everyone else, worth more than Corey Kluber and Stephen Strasburg combined. But Max Scherzer is also his own tier. And the idea that there's an elite tier of starting pitchers and then everyone else is supported by these projections.

• Andrew Miller is unexpectedly high, partly because he's projected for 20 saves along with his elite ratios. I still think he's problematic in a 12-team mixed league if he's not getting regular saves because you'll find good streaming matchups that give you better overall numbers than the players on this list, but ranking him No. 33 overall, Steamer disagrees.