Originally Posted by Brian Hendrickson

One interesting thing to note is the "approximate value" and "projected value" stats that I have sited repeatedly in this blog all season. "Approximate value," if you haven't read about it here before, is a sabremetric-type stat that analyzes a player's overall value to his team. It's hard to utilize during a season because it accumulates as the year progresses, and for the same reason it can also be hard to use as an equal measurement for comparison because if a player misses any games, his value will be permanently lowered. The only way to max out is to play all 82 games. So I created a secondary algorithm, "projected value," that simply figures out what the player's "approximate value" would be if he played in all 82 games. You can read more about the "approximate value" stat at powerbasketball.com.

Here are the descriptions the author of "approximate value," Dean Oliver, gives to describe each value.
A score of about twenty indicates an exceptional MVP season.
A score of seventeen or eighteen indicates a strong MVP candidate or an ordinary MVP season.
A score of sixteen indicates an MVP candidate.
A score of fifteen indicates a definite All-Star who is a marginal MVP candidate.
A score of fourteen indicates a probable All-Star.
A score of thirteen indicates a marginal All-Star.
A score of twelve indicates a very fine season; an All-Star candidate.
A score of eleven indicates an above average regular; an excellent player playing about 1800 minutes.
A score of ten indicates an average regular or a very good sixth man.
A score of nine indicates an average regular or a good sixth man.
A score of eight indicates a fair regular or an average sixth man.
A score of six or seven indicates an average bench player or a good player playing under 1500 minutes.
A score of four or five indicates a player who plays about 1000 minutes and who doesn't deserve many more.
Scores of three or less usually indicate players who are unimpressive in limited playing time.