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One thing to take note of when looking at Free Agents/Waiver Wire players while tying into WAR (and OPS+/ERA+)
Check out their splits at Home and on the Road. A pitcher with decent rate stats (say 6.0 K/9 and 2.5 BB/9) will likely look much better on paper coming out of Dodger Stadium or Petco Park compared to say Wrigley Field or Citizens Bank Park.
This can also be applied to minor leaguers. Maybe they have good ratings but are awful stat wise only for you to find out they have slash lines of .270/.325/.380 at home (due to it being an extreme pitcher's park) but have a more robust .290/.360/.425 line on the road. Then you look at your AAA park, see it's pretty neutral and you have a reasonable expectation of what they could deliver (or even how they'd potentially look in your big league park).
For me, this aspect is most beneficial if you want a cheap power slugger who's say 34 or 35 years old. Think Frank Thomas towards the end of his career for Oakland and Toronto. Maybe you have a great infield and think you can get by with a '35' rated 1B defensively who can pop off 20-25 HRs with a decent OBP.
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