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Well, a lot of a pitcher's perceived value will actually be generated by the defense behind him and the catcher in front of him. Especially wins and ERA. And even his team's offense with respect to the wins stat.
It sounds like people are seeing accurate results in the sims because all of the other variables that made these pitchers garner quality stats are also reflected in OOTP. Put a pitcher with mid-range STU/MOV/CON on a worse team and he won't do as well.
The FIP stat, which shows a pitcher's value without taking his defense into account, will be fairly constant if you move a player to a different team. The only thing I've found that can meaningfully change FIP is the quality of a catcher. Better catcher = better FIP for his pitchers.
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