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It also nullifies the double play but that being said I still don't think it is very valuable unless you can successfully steal at a very high rate. If a guy can't steal with 75%+ efficiency the red light is on for him and I usually demand at least 80%. Being thrown out is just such a huge blow in my mind. If your team can hit any amount of homers or extra base hits I simply wouldn't rely on it much at all. Keep in mind that being thrown out also reduces the number of pitches a pitcher must throw (one less batter or more to face) which means he can go that much deeper in the game. Personally I always try to get opposing pitchers out of the game as quick as I can because eventually ONE of their relievers is going to have a bad game and mess things up. Getting caught is just such a blow in the opposite direction of that though I don't even consider stealing much of an option.
Go check my LBA team in my sig if you want to see how little I think of them. My team was one measly run from having the highest offense and yet my ENTIRE team I believe stole 7 bases with about 4 caught stealing (hard to tell exactly now since I let a number of guys go and signed a few more who had stolen some bases on other teams). Being essentially the top offense in the league helps to confirm in my mind that is not a required strategy and should be limited only to the elite basestealers.
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