A side effect of the emphasis on stolen base success rate is that catchers with good arms aren’t as valuable as they used to be.
Most people who observed both Gary Carter and Yadier Molina play would agree they both had amazing arms; I think it is fair to say that either man could have been said to have about as good a catcher’s arm as it’s possible for a human to have. Both, at their peak, blew away half the baserunners who attempted to steal on them.
However, because of the conditions of their time, Carter’s throwing ability was actually more valuable, because it did way more damage to the opposing team, simply because they were attempting more steals. In 2010, a pretty typical year for him, Molina threw out 33 of 68 prospective basestealers, 49 percent. The average NL catcher would have thrown out 20, so Molina eliminated 13 baserunners on top of the average catcher, which is a nice contribution considering the fact that his reputation subtracted about 30 stolen base attempts from what an average atcher would have faced.
In 1979, a fairly normal year for him, Gary Carter threw out 47 percent of basestealers, about the same percentage as Yadier in 2010 - but he faced 141 attempts. That’s 66 men thrown out, about 19 more than a non Gary Carter threw out that year, and that wasn’t even his best season. In 1983 Carter faced 161 basestealing attempts and mowed down 75 of them.
Both Molina and Carter see their throw-out rate drop in the latter half of their careers, but during their prime it’s kind of an open question as to why anyone would attempt to steal bases against them at all, or against Ivan Rodriguez, Lance Parrish, or Johnny Bench. It’s just utterly stupid. The only time you should ever run on guys like those is if you have a truly exceptional basestealer, a Vince Coleman or Rickey Henderson type, the pitcher is really bad at holding runners, and it’s a close game. Ivan Rodriguez faced 94 basestealers in 1996 (and got more than half of them) and I’d guess 80 of those attempts were just flame-broiled stupid.
In Gary Carter’s heyday, well, they just didn’t know this stuff. Phrases like “runs created formula” sounded like Klingon to MLB insiders. By 1996, though, they really should have known, and today they clearly are getting the message, and they are becoming unwilling to run on catchers who van bring the heat to second base.