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We're not leading with CERA, Coug ... just noting that when you get down to that Q on the list, at #6 or #8 or wherever CERA ranks for you...
... then CERA is most certainly not a negative for Olivo, and is probably a positive to throw on the pile.
Yes I am impressed with Olivo's career CERA, which is dead-on league average despite the fact that he has played with second-division clubs.  There is his career CERA, his 2010 CERA and the intuitive assessment of where he's at, at this point in his career.
I don't say his CERA is the gospel truth, but where it weighs in, it weighs in his favor.
I suspect that the terrible experience with Olivo last time around, is red-shifting our reaction to Olivo's resume to a place well off-center.  Our scorn of his CERA may be an example of that; if this were Victor Martinez we'd probably receive the (bit of) evidence well.