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If you like parity, this is a good time to be a baseball fan. Aside from a few unambiguous rebuilds, mostly in the National League, every team has at least a puncher's chance of playing into October.

We're in the initial days of spring training, but it's not too early to run through the six divisions and see how they stack up.

Throughout these rankings, I'll be referencing FanGraphs' projected 2017 standings. To be clear, I'm using them as a starting point, not a final arbiter.

Depth matters, meaning divisions with contenders top to bottom get bonus points. But a couple of high-level franchises with legitimate World Series aspirations can buoy a bottom feeder or two.

We'll start with the top division and work our way down from there.