Fielding Independent Pitching (FIP)
What is a good FIP in baseball?
FIP takes a pitcher's strikeouts, walks, and home runs allowed and translates them into a number scaled to ERA. ... A good FIP, similar to a good ERA, is usually going to be one that is in the 2s or low 3s.
Is FIP better than ERA?
When compared to ERA, FIP does a much better job evaluating how well a pitcher performed versus simply calculating how many earned runs were scored while the pitcher was on the mound.