Chief kind of stole my id here. But I do know WAR comes from some formula involving k rate, bb rate, and either hr rate or fb rate. I can't remember if they adjust for leagues or park effects, but both of those would probably be minor enough not to impact my point all that much. The dollar amount comes from WAR x the marginal value of a win, something like $4.5 mil or so. WAR has its uses but definitely has limitations. I would look no further than these Marcum/Jackson results. EDIT: I should add that formula defines the amount of runs an individual pitcher saves which is translated into wins. These wins are then taken above and beyond some mythical replacement player to fully determine wins above replacement. The definition of replacement is perhaps my biggest source of skepticism on the whole formula. And I also think there should be more space for margin of error, especially for the big group of players that are under 2 WAR.