Sure.... in 1987 Nolan Ryan had a 2.76 ERA, 142 ERA+, 270 Strikeouts, 2.47 FIP, 6.5 Hits/9, and a 3.10 K/BB ratio, all of which led the league...
...and went 8-16.
It is still around. They dont bring in the big names like they used to but they still have decent regional bands. It ALWAYS amazed me how they got decent sized acts to go there lol