Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo

News

All News | Prime News

Old-School Newsstand


Contributors

Jim Furtado
Founder & Publisher
Repoz
Editor - Baseball Primer

Syndicate

Payroll Newsbeat

Thursday, July 24, 2014

Fivethirtyeight: Billion-Dollar Billy Beane

Billy Beane should have never written this article.

Now that we have a sense of Beane’s performance and how much it would cost to replicate it, let’s turn back to the Boston Red Sox and their failure to sign him (or even to offer him anywhere near his worth)....

But some of that money was spent and some of those wins came before the Red Sox attempted to hire Beane. To be conservative, let’s just look at the period since Henry made Beane his offer: In the last 12 years, the Red Sox spent $1.714 billion on payroll, while the A’s spent $736 million. We can then break down what it could have looked like if Beane had worked for the Red Sox like so:

  Let’s say it would have cost Boston the same $736 million that it cost Oakland to get the A’s performance with Beane.
  At the hypothetical $25 million-per-year salary I suggested earlier, Beane would have cost the Red Sox another $300 million. (It’s possible that Beane would have wanted more, but it’s even more possible that they could have gotten him for less.)
  The difference in performance between the A’s and the Red Sox over that period (where the Sox were as successful as at any point in the franchise’s history, and the A’s were supposedly stagnating after Beane’s early success) has been about 50 games for Boston. Since we don’t know exactly how good Beane would be at procuring additional wins above his Oakland performance, let’s assume that the Red Sox would have had to pay the typical amount teams have paid for wins in the period to make up the difference. According to the year-by-year price of wins from my calculations above, those 50 wins (taking when they happened into account) would have a market value of about $370 million (though this might have been lower with Beane in charge).

If we combine these — the price of the A’s performance ($736 million) plus Super-Expensive-Billy-Beane’s salary ($300 million) plus the additional 50 Red Sox wins at high market estimates ($370 million) – merely duplicating their previous level of success still would have saved the Red Sox more than $300 million relative to what they actually spent, and that’s with reasonably conservative assumptions. That’s money they could have pocketed, or spent making themselves even better.

RoyalsRetro (AG#1F) Posted: July 24, 2014 at 09:47 AM | 22 comment(s)
  Beats: athletics, billy beane, moneyball, payroll, red sox

Saturday, April 05, 2014

NY Post: Davidoff: High cost of Citi visits helping to keep Mets fans away

the Mets — whose attendance has dropped each of the past five years — own the 19th-largest payroll in the game ($91,849,508) and they charge the seventh-highest price for a family experience at the ballpark. [...] At No. 19 on payroll and No. 7 on FCI, let’s call that a minus-12 rating, right? That ranks as the fourth-worst in baseball. Lower than the Mets are the Marlins (29 and 9, for minus-20), the Cubs (22 and 3, minus-19) and the Astros (13 and 30, for a minus-17). It’s no surprise the customer bases of those three teams don’t appear especially happy, either.

bobm Posted: April 05, 2014 at 06:41 PM | 18 comment(s)
  Beats: attendance, mets, payroll

 

 

BBTF Partner

Support BBTF

donate

Thanks to
Tuque
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

Newsblog‘Caucasians’ T-shirt mocking Cleveland Indians becomes hot seller on reserves
(14 - 4:59pm, Jul 29)
Last: PreservedFish

NewsblogSickels: George McClellan, Dayton Moore, and the Kansas City Royals
(628 - 4:58pm, Jul 29)
Last: zenbitz

NewsblogOTP - July 2014: Republicans Lose To Democrats For Sixth Straight Year In Congressional Baseball Game
(3493 - 4:57pm, Jul 29)
Last: zenbitz

NewsblogWhich Players Will Be Most Affected by the Hall of Fame’s New Rules?
(2 - 4:55pm, Jul 29)
Last: Joyful Calculus Instructor

NewsblogHoward: David Ortiz shaping up to become first steroid era Teflon slugger
(2 - 4:55pm, Jul 29)
Last: Sonic Youk

NewsblogABC News: ‘Capital Games’: How Congress Saved the Baseball Hall of Fame
(43 - 4:54pm, Jul 29)
Last: Barry`s_Lazy_Boy

NewsblogFull Count » Tim Kurkjian on MFB: ‘I’m going to say that Jon Lester is not going to be traded’
(28 - 4:53pm, Jul 29)
Last: Swedish Chef

NewsblogTrader Jack? As Seattle's GM struggles to complete deals, some rival executives wonder | FOX Sports
(41 - 4:52pm, Jul 29)
Last: RoyalsRetro (AG#1F)

NewsblogValencia traded to Toronto
(4 - 4:44pm, Jul 29)
Last: geonose

NewsblogOT: Monthly NBA Thread- July 2014
(1008 - 4:41pm, Jul 29)
Last: Bitter Mouse

NewsblogSOE: Minor League Manhood - A first-hand account of masculine sports culture run amok.
(1 - 4:40pm, Jul 29)
Last: Batman

NewsblogAn Idiot in Exile
(3 - 4:35pm, Jul 29)
Last: Swedish Chef

NewsblogPrimer Dugout (and link of the day) 7-29-2014
(42 - 4:28pm, Jul 29)
Last: Crispix reaches boiling point with lackluster play

NewsblogOT: The Soccer Thread July, 2014
(505 - 4:25pm, Jul 29)
Last: Fancy Pants Handles lap changes with class

NewsblogGossage on Bonds, McGwire Hall hopes: ‘Are you f–king kidding?’
(155 - 4:11pm, Jul 29)
Last: The Id of SugarBear Blanks

Page rendered in 0.7327 seconds
51 querie(s) executed