Some people believe that there are so many poor hitting catchers that it makes sense to dive into the catcher pool early to get a bat you can trust. Others eschew early round selections behind the dish due to the fact that so many catchers end up on the shelf at some point that it's simply not worth the early round investment. Let's take a quick look at both sides.

Only five catcher eligible players appeared in 140 games last season: Jonathan Lucroy, Carlos Santana, Salvador Perez, Buster Posey and Brian McCann. Only five other catchers appeared in 130 games: Dioner Navarro, Miguel Montero, Tan Gomes, Mike Zunino and Kurt Suzuki. That means that the overwhelming majority of catchers missed at least an entire month of games. Moreover, only three men appeared in 130 games the past two seasons: Lucroy, Perez and Posey. Clearly finding games at the position is of utmost importance. Note that Joe Mauer and Carlos Santana no longer qualify at catcher. 

The second factor to consider is performance. There's not a lot of it with the men who wear the tools of ignorance. (1) Among catchers who had 400 plate appearances last season only nine men hit .270 and just 12 hit .260. (2) Seven men hit 20 homers. Only two hit 25 - Santana and Devin Mesoraco. (3) Only seven men knocked in 70 runs and just 12 recorded 60. (4) Only five men scored 60 times. Only eight crossed home plate 50 times. The fact is elite offensive production is pretty scare at the position. 

So do you invest heavily in the Buster Posey's of the world? The argument to do so is certainly strengthened if you're in a league that starts two catchers. The advantage you would pick up with an elite catcher over the also-rans someone else is running out there would be huge in this setup. At the same time, the draft day cost is so high that you have to give serious consideration to passing on the elites of the position because of the high cost of doing business, not to mention the fact that catchers miss so much time. You might also consider investing heavily if you're in a league that sets the lineup once a week. However, if you can change your lineup daily you can easily substitute in another backstop on the days that your ace isn't on the field thereby somewhat lessening the value of your need to get an elite player at the catchers spot in that setup.
 
A final note. Try to avoid the .225-15 type of guys who are more likely to drag your team down than to offer positive levels of production. More than anything, especially in two catcher leagues, you don't want your second catcher hurting you. Boring is alright at your second catcher spot just as long as he's not sucking the blood out of you like the Chupacabra.