It is time to shake things up just a bit. I have spent the last nine articles covering starting pitchers that are potential late round targets, if not actual bargains, based on their ADPs. Not that there are not more SPs that could be profiled, and certainly I will do so in the coming few weeks until Opening Day rolls around, but it seemed unjust to ignore those middle relievers or setup guys that are also going later in drafts. Although I have spent the bulk of my time covering starting pitching on this site over the past several years, I am also interested in how middle relievers can round out a pitching staff, and thus, this week I will discuss four relievers that could have significant value as late round picks.

To spell out some guidelines, this series of articles is going to profile starting pitchers (and some relievers) that have an ADP of 200 or better (meaning taken later than pick 200). In a 10 team league, those pitchers would be going in round 21 or later (it would be mid-way through round 16 in a 12 team league). By that point in your draft, you have more than likely filled out your starting offense and picked up an ace and closer, perhaps a couple more pitchers. Your mileage may vary depending on your actual league settings, but you get the general idea.

Please note that the projections for each of the pitchers below are my own, that I create after comparing various sources and adjusting for expected playing time, specifically, innings pitched for starting pitchers. As for the ADP numbers, I am looking at the ADP results our very own Howard Bender is compiling with his Mock Draft Army mocks.

Andrew Miller New York YankeesAndrew Miller NYY ADP: 230.3

When the Yankees signed Miller to a 4-year, $36 million contract in December of 2014, there were some raised eyebrows since many had assumed that Dellin Betances was locked in as the closer for the Bronx Bombers. Not so fast, as manager Joe Giradi has said this spring that both pitchers have a shot at winning the ninth inning role. Miller made huge strides last season, cutting his BB/9 rate from 4.99 in 2013 to 2.45 in 2014. That improvement in control lead to an amazing 6.06 K/BB rate (as a result of a superb 14.87 K/9 rate), and the command he demonstrated for both the Red Sox and then the Orioles catapulted him into the realm of elite relief pitchers. He features a 94 MPH fastball, and also keeps the ball in the park with a 0.4 HR/9 rate, as well as generating a moderate ground ball to fly ball ratio of 1.59. I certainly expect his FIP to regress a bit from the fantastic 1.37 he posted in 2014, but given that his BABIP and strand rate do not indicate that he was overly lucky last season, he should again put up excellent numbers, and is useful on your pitching staff even if he is relegated to set up duties. Plus, you just never know with closers as to how long they keep their jobs, whether due to injury or performance. Miller is certainly worthy of a 19th round selection in a 12-team league.

2015 Projections: 4 Wins/85 K/2.45 ERA/1.02 WHIP over 65 innings

Kenneth Giles PHI ADP: 260.2

Work on the street in Philly is that incumbent closer Jonathan Papelbon will be wearing a different uniform at some point this season, perhaps before the end of spring training. Giles certainly proved hisKen Giles Philadelphia Philles worth last season, working as a setup man over 45.2 innings and posting an eye-opening 1.18 ERA and 0.79 WHIP while collecting 13 holds. As with Miller who is profiled above, his improved control was key in earning the trust of Philadelphia management, dropping his BB/9 rate from 4.14 at Double-A and Triple-A, to a much more palatable 2.17 while with the Phillies. His ability to avoid handing out homers was elite last season, as he only yielded one long ball even while pitching in Citizens Bank Park, ranked number six as the most generous home fields in terms of home runs allowed in 2014. Just as with Miller, he is worth rostering even if he does not step in and close in Philadelphia, as his peripherals and ratios will bolster your pitching stats on their own. Even at round 17 in a 15-team league, he would be well worth keeping in your queue as you draft.

2015 Projections: 5 Wins/87 K/2.40 ERA/1.08 WHIP over 65 innings

Luke Gregerson HOU ADP: 284.8

The closing situation in Houston is, to put it mildly, a confused mess. Along with Gregerson, the Astro bullpen has these other candidates to handle the ninth inning duties: Chad Qualls, Pat Neshek and Josh Fields. Qualls is the presumptive favorite, but things could easily rearrange themselves as the spring wears on. To say that Gregerson is dependable is to understate the facts, as he has pitched in at least 60 games a season over the past six seasons, appearing in a total of 435 games over that period. A concern is the drop in strikeout rates over the past three seasons, going from 9.04 K/9 in 2012 to 8.68 in 2013 and ending last season at 7.34. The good news, however, is that his walk rates have also declined over a longer four season period, from a high of 3.07 BB/9 in 2011 to a superb 1.87 in 2014. Thus, his command has improved steadily, and he put up an excellent K/BB of 3.93 last year. He has a nasty slider, that offsets his 88.4 MPH fastball. His strand rate has been above league average three out of the past four years, and his BABIP is consistently below league average, too. Therefore, a conclusion can be made that despite his FIP being generally well above his ERA, he is not a lucky pitcher, just a very good reliever. The Astros signed him to a three-year $18.5 million contract this December ($21 if incentives are achieved), which leads me to think that if Qualls stumbles at all in the closer position, Gregerson will be the first option to replace him. Bank on his stats, and roll the dice on save potential in 2015. You could do far worse grabbing a mediocre starter in the final rounds of your draft.

2015 Projections: 5 Wins/65 K/3.08 ERA/1.05 WHIP over 70 innings

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 Sergio Romo SF ADP: 290.4

Romo began 2014 as the closer for the Giants, but was removed from that role in mid-season when he began yielding earned runs and blowing saves, leading to the emergence of Santiago Casilla as theSergio Romo San Francisco Giants ninth-inning man for the current World Champs. After going through a terrible patch of 17 games beginning in mid-May, where his ERA clocked in at a horrendous 8.44, he rebounded to put up a very nice 1.80 ERA in the second half, and collected 10 holds and one save during that portion of the season. Romo is a much better strikeout pitcher than Casilla, although he does yield a great deal more fly balls than the ground ball inducing Casilla. It is expected that Casilla will open the season as the San Francisco closer, but again, the closer's role is one of volatility, and if Romo is truly over his struggles from last season, do not be surprised if he reclaims his previous position should Casilla falter at all during the season. Of the four pitchers profiled in this article, he is the riskiest of the bunch. Then again, that is why he is available in the last few rounds of your 12-team drafts or on the wire in smaller leagues.

2015 Projections: 5 Wins/60 K/2.90 ERA/0.99 WHIP over 60 innings

Continue to peruse these articles as we try to uncover some late round gems for you to target in your drafts, and allow you to build a formidable starting rotation without sacrificing offense to do so. Also, if there is interest in later round middle relievers, I would be glad to include those pitchers in future articles as well. If you have any questions about starting pitching or fantasy baseball, feel free to contact me at ia@fantasyalarm.com.