I bought the CD-ROM last month. Lots of fun, especially when TSN is down.
I made a little experiment, nothing scientific. I took a team (basically this team, http://fantasygames.sportingnews.com/stratomatic/team/team_other.html?user_id=212143 , but without Hoffman, whom I acquired recently), and ran several sim seasons.
This team, before I acquired Hoffman, had 5 solid starters, but with many with short stamina (S5 or S6), stellar Nathan in the bullpen, and a butch of 1M relievers. Plays at home in Fenway, and even plays more games at low-hitting ballparks on the road, which makes Nathan even better.
First, I tried 5 seasons with Nathan as a 8th-9th inning set-up man/closer (all SPs at slow hook, Nathan as slow hook, don't come before the 8th inning). During those seasons, Nathan had approximately 50 innings. My team on average finished with 84 wins.
Then I put Nathan as a full-time set-up man/closer (slow hook, don't come before the 6th inning). My closers were 0.51M Gagne and 0.70M kobayashi. Nathan's use jumped to around 150 innings. My team on average (5 seasons) won 88-89 games. This shouldn't come as a surprise for experienced strat players, as the community knows that restricting stellar relievers to closing situations is a costly decision.
But things are more interesting than this: during 4 of the 5 seasons, my team had a losing records in extra-time games and in one-inning game. On ALL 5 seasons, my team underperformed compared to the pythagorian projection.
Then I added Hoffman on my roster (to keep the same payroll, I made some other changes on my offensive roster). I kept Nathan with the same specifications (so he remained my set-up/closer vs both lhp/rhp), but I removed the "slow hook" mark on my 5 SPs. I restrained Hoffman to come after the 8th inning, and I specified HAL to use him in tight games, when Nathan was not available.
On average, my teams won 92-93 games. Nathan's use increased slightly to around 170 innings. Hoffman finished on average with 10 saves and 60-70 innings. Interestingly, after 5 season, my record perfectly matched the pythagorian projection. On 3 of the 5 seasons, I had winning records in extra-time, and I had a losing record in 1-game decisions only once.
Take note that Hoffman didn't pitch really nicely, which is not surprising given that he doesn't have a good card. I didn't calculate his mean era, but his era was often in the 4s-5s, with one season being exceptional (2.18). Nevertheless, he is a C6, and he is substantially better than under-1M-options (unless you go with specialists). The way I see it: my team didn't perform much better with Hoffman, from a pythagorian perspective. But I stopped losing tight game at the same frequency compared to before.
Conclusion:
-bullpen management can easily win you up to 10 games per season.
-using a stellar reliever more frequently than in closing situations pays big.
-teams with short bullpen are likely to lose many tight games, thereby underperforming when compared to their pythagorian projection. If, as a player, there is a trend to always underperform your pythagorian record, you better look at the way you manage your bullpen in tight games.