It looks to me like the big bat is historically the most expensive commodity in baseball, regardless of position. It was the most valuable regardless of position. Over the last few years elite pitchers are still getting money while big bats are taking short term small deals on the FA market. The market has changed pretty dramatically over the last few years. Add in that you are talking about 8 positions vs 5 and you are also talking about a bigger pool of players. I think right now in terms of the general "market" in baseball, pitching has become rather undervalued while power hitters have become rather undervalued. I think you meant this instead. I think right now in terms of the general "market" in baseball, pitching has become rather overvalued while power hitters have become rather undervalued.