Team-Adjusted Wins

Last year, Felix Hernandez went 13-12 for the Seattle Mariners while C.C. Sabathia went 21-7 for the New York Yankees, David Price went 19-6 for the Tampa Bay Rays, and Jon Lester went 19-9 for the Boston Red Sox. King Felix won the Cy Young Award, however, largely because his 2.27 ERA and 249.2 innings pitched were both miles better than the corresponding numbers put up by the other three pitchers (3.18/237.2, 2.72/208.2, and 3.25/208.0, respectively). Some persons complained about this, arguing that while ERA, innings pitched, and the Wins Above Replacement metric largely derived from those two figures are nice, having an essentially .500 won-loss record just isn't okay for the pitcher anointed as best in the league. Well, here's a way to synthesize these two concerns: team-adjusted wins.