On the FastSports Discussion Board, there was a discussion about
calculating the speed of pitch with a stopwatch (if you can't afford a radar
gun).
There are some considerations to take into account when using this method.
While pitchers "pitch" from 40' at 12U-18U and 35' at 10U, the actual
point of release may be much closer to the plate. There is also some
"play" in the time it takes to start/stop the watch. But with a
little practice and comparing your results with a radar gun, you may be able to
become quite accurate using this method.
John Klinkenborg created speed tables
for you to quickly calculate the speed of a pitch at various distances.
The file is in Adobe Acrobat format.