If a pitcher’s strikeout rate naturally declines from day one, you probably don’t want to build your team on free-agent pitchers. Despite the high attrition rates for pitching prospects, it seems to make sense that you’d develop your own pitching, rather than aquire — by definition — post-peak free agents.
http://www.fangraphs.com/blogs/index.php/youll-never-be-as-good-again/
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