I just read in michael murray's book about the difference between a pitchers era and expected era (XERA). xera is basically a pitcher's true era because it doesn't take the bullpen into play. the following players had an xera that was significantly higher than their era. there should be some value in fading these players
Mark Buehrle era: 3.12 xera:3.62
Gustavo Chacin era:3.72 xera:4.36
Tom Glavine:era: 3.54 xera: 4.01
Tim Hudson Era:3.52 xera: 4.19
Kyle Lohse era:4.19 xera: 5.03
Kevin Millwod era:2.86 xera: 3.68
Carl Pavano era: 4.77 xera:5.8
Jeff Suppan era:3.57 xera: 4.58
Josh Towers era:3.72 xera: 4.45
Mike Wood era: 4.46 xera: 5.50
typically a pitcher will regress towards his xera the following season.
i have some more pitchers to add to this list.
ryan dempster
Josh Fogg
Brad Halsey
Brad Hennessey
Livan Hernandez
Jason Marquis
Matt Morris
Tomo Ohka (I know that he won ten units last year)
Roy Oswalt
Andy Pettitte
Brad Radke
Kenny Rogers
Victor Santos
Brandon Webb