Tuesday, August 25, 2015
This never would have happened if baseball had a salary cap.
About a year ago, the Providence Journal ran a piece, Money Can’t Buy Success for Teams Anymore, discussing the relationship between wins and payroll. The article took a look at Opening Day payrolls over the last decade and correlated the payroll with wins. Brian MacPherson found that from 2002 to 2008 the correlation coefficient for wins and payroll exceeded .4 and was generally around .5, but that the relationship had declined and, at the time of the article last year, the correlation coefficient was just .2, dropping to the point that alphabetical order had a stronger relationship to wins than payroll. I ran the numbers with the win totals from the end of the season, and while it was not quite as low as it was in mid-August, r was just .25 at the end of last season.
Anecdotally, with the success of Houston and Pittsburgh (Kansas City actually has a mid-level payroll this season), it appears that the recent trend has continued this season…..
Again this season, there is not a great relationship between wins and Opening Day payroll. So far this season (through August 23), r is .17, even lower than it was a year ago at this time. Of course, Opening Day payroll is not the only measure of a team’s financial wealth. Fortunately, using the current payroll data from spotrac, we can compare wins to a team’s current payroll, after teams have added and removed players. The correlation of current payroll and wins is a little higher, at .25, but this is to be expected as the teams with more wins are likely to be adding payroll while teams with fewer wins are likely to be jettisoning larger contracts.
Posted: August 25, 2015 at 03:14 PM | 2 comment(s)
Thursday, May 21, 2015
Baseball players are paid too much! Argle-bargle!
But it’s the NBA that has the highest average per-player salary. At $4.6 million, the NBA ranks just ahead of India’s IPL cricket ($4.3 million) and MLB ($4.2 million).
The top three NBA teams are the Brooklyn Nets ($6.2 million per player), New York Knicks ($5.9 million) and Los Angeles Clippers ($5.3 million). The Los Angeles Dodgers ($8.0 million) lead baseball and the Royal Challengers Bangalore ($4.5 million) head the IPL list. Wondering how NFL teams fare? The football team with the highest average salary, the Miami Dolphins ($2.3 million), doesn’t crack the list until No. 124.
The survey reveals which teams spend the most on their players, including an analysis of 333 teams in 17 major pro leagues, covering seven sports, 13 countries and 9,731 athletes who are making a combined $17.94 billion.
Some of those big spenders have help. Abu Dhabi’s International Petroleum Investment Company (IPIC), for example, sponsors Real Madrid. Billionaire Sheikh Mansour owns Manchester City, which held the top spot in the survey the previous two years. Mansour is a member of Abu Dhabi’s royal family, the deputy prime minister of the United Arab Emirates and a man whose wealth is derived from oil. Mansour also co-owns, with the Steinbrenner family (the Yankees’ principal owners), the newly minted MLS franchise New York City Football Club—so baseball royalty meets actual royalty.
The amount of wealth in the sports landscape can be staggering. The Yankees are spending an average of $7.3 million per player—yet dropped from second to ninth on the overall list this year.
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