Used in this instance, much thanks to dictionary.com, in its 2nd meaning: 2. not definite or clear to the mind: intangible arguments
I say that because it wasn't at all clear what he had in mind in his latest quarterback rating, which troubled me ever so slightly. Hat tips abound to Football Outsiders, Stampede Blue, and especially my amigo Fooch at Niners Nation, who also provides one compelling reason why this thing is bogus -- Peter King quantifies "intangibles" (note: by definition incapable of being perceived, measured, etc.) to rate the quarterbacks. Anyways, here are his metrics:
Let me make clear what my complaint with Peter King isn't. This is not me saying that Jason Campbell, at 26th, is ranked improperly. By PK's metrics Jason does rank poorly -- he has medium to low YPA and completion %, a good TD-Int, but gets just "5" on intangibles, whatever the fuck that means (only two players were lower). Given King's explanation though, the 26th ranking is absolutely appropriate, even if it is ultimately wrong. I am trying not to be sour grapes.
Anyways, thought reader(s) might want one more reason to hate Peter King besides his cock-blocking of Art Monk to the HoF for so many years (though he has come around and we appreciate it). Hogs Haven very much looks forward to watching Jason Campbell forcefully prove Peter King absolute wrong on these rankings.