Wikipedia
WOBA
In baseball, wOBA (or weighted on-base average) is a statistic, based on linear weights, designed to measure a player's overall offensive contributions per plate appearance. It is formed from taking the observed run values of various offensive events, dividing by a player's plate appearances, and scaling the result to be on the same scale as on-base percentage. Unlike statistics like OPS, wOBA attempts to assign the proper value for each type of hitting event. It was created by Tom Tango and his coauthors for The Book: Playing the Percentages in Baseball.