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The 17 runs diff between Olivo and the M's '10 catchers isn't compensated for by the PB's.
At 35% career -- or 40% the last 3 years! -- the running game is a net loss for the offense. Olivo simply detonates the SB game. It's suicide to run with him behind the plate.
He's got 24 passed balls the last 3 years combined, which has got to be middle-of-the-pack. We're taking a minor consideration here -- a few PB's and WP's away from league average, at 0.27 runs each -- and claiming that it cancels out a huge strength?