I was thinking this weekend about the Orioles’ signing of Mike Gonzalez to a two year $12 M contract (plus incentives!) to be their closer, and the waste of putting real money into the bullpen in that fashion – especially for a team with other holes to fill and no realistic chance at contention. It seems like it’s been a maxim in the stat community that throwing lots of cash at pitchers who only pitch 60-70 innings a year (often not even in high leverage situations) isn’t a good idea. I compared how effective teams’ bullpens have been this year with their costs, to see if there was much correlation. The results are over at Beyond the Box Score. Check it out.