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If we consider that the arbitration eligible player may just not have many stats because they're behind better players in the organization then I think it makes sense to include their ratings. On my team currently I have a superstar 1B and DH, but I also have quite a good backup who on any other team would most likely be a starter in the lineup somewhere. If ratings weren't factored in then his arbitration amounts would probably be much less than they actually are.
The "someone could edit his ratings" reasoning reads like silly paranoia to me, but no, I think it does make some sense to base it off ratings as well. I just wonder if arbitration judges factor such a situation in. I think they should if they don't.
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