Because total value doesn't exist?
Of COURSE total value is going to skew towards position players, they are much lower risk of injury than pitchers. That fact alone dictates shorter / lower TCV. It's salary per year that is relevant - how much are teams paying for pitchers versus position players?
To follow your argument to the extreme, do you think a starting pitcher is worth 1/5 of a position player? Or even less, say 7 innings of 1/5?