I was messing around, looking for top Cy Young contenders listings, when I stumbled upon this section of ESPN's website. It has some really cool rankings, one of which is called the Beane Count named after Billy Beane.
The page says that it was created by (former) ESPN writer Rob Neyer (he works for SB Nation now) and it takes into account Home Runs hit, walks drawn, home runs allowed and walks allowed.
The rankings in both leagues are curious. Though the formula does not rank the teams 1-8 perfectly, it does manage to separate the contenders to the non contenders extraordinarily well. In the National League rankings, they are completely separated. The American League also (except it has Angels way down at the bottom, but at the same time the Angels are six games out of the division. They are really close to the wildcard).
Has this been discussed here before? I searched it but found nothing. What are you thoughts on it? I have always been under the impression that walks kill pitchers, and dead pitchers equals dead teams. Home runs seems obvious also.
I can't find the formula to get the final numbers right now however, I'll keep looking though.
EDIT: After further review it looks like it is just taking the rankings of each team and adding them together. At the bottom it says summing the rankings. I missed that on first glance.