Assuming you're not in a mixed league, the mid-season MLB trading deadline is, of course, when the best players will come into your league. Understanding that only a small percentage of trade rumors actually occur, know also that this is the time for them to happen. Keep track of each GM's dwindling FAAB budgets, and study their rosters. When a star is seriously rumored to be coming into your league, project his impact in each category if you get him. Then check to see what will happen if the other GMs get him.
Some of your other GMs will probably bid high to get two months of numbers. If a single player will put you into first place, however, and if you've held onto your FAAB dollars, this may be the time to be aggressive. But remember that over the last 40% of the season, a single player will affect BA, ERA, and WHIP less than the other categories. Wins and newly found closers are difficult to predict, and SBs are based on opportunity and OBP as much as anything else. And for most players, there is an adjustment period in a new league, as well.
If you spend like there's no tomorrow, the effect might not be as great as you expect. And if you're in a keeper league, just how many $50+ players will be protected over the winter? So those superstars will probably be back in the free agent pool next spring anyway. In a keeper league, your bid should be based on this year's need first but with an eye on the chance to get someone under value. If more than one solid free agent comes into the league at the trading deadline, go for the one with the least competition from the other GMs. And bid conservatively.
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