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Friday, March 29, 2019

Scherzer highest-paid player, Red Sox top payroll list again

NEW YORK (AP) — Washington pitcher Max Scherzer took over from Los Angeles Angels outfielder Mike Trout as baseball’s highest-paid player at $37.4 million and the World Series champion Boston Red Sox remained the sport’s biggest spender for the second straight year, according to a study of major league salaries by The Associated Press.

Baseball’s average salary dropped for an unprecedented second straight year on opening day, falling about $36,000 to approximately $4,375,000. But the drop was due to signing bonuses in new contracts for Trout, Clayton Kershaw, Bryce Harper, Manny Machado and a few others. Baseball’s accounting rules allocate signing bonuses in equal portions over each guaranteed year of a contract, and the signing bonuses of nine players caused an $82,000 drop in the opening-day average.

Trout was the highest-paid last season at $34.08 million but his new deal dropped his salary for this year in exchange for a $20 million signing bonus. Scherzer’s salary is discounted because it is deferred with no interest.

The five highest-paid players are all pitchers, with Arizona’s Zack Greinke second at $32.4 million, followed by Boston’s Dave Price and the Los Angeles Dodgers’ Clayton Kershaw at $31 million each and Washington’s Stephen Strasburg at $30.7 million.

Some data on the financial side of the game- given how much we discuss it, having this compiled has clear value.

 

QLE Posted: March 29, 2019 at 08:52 AM | 0 comment(s)
  Beats: dollah dollah bills, y'all, max scherzer, money, red sox, salaries

Saturday, March 23, 2019

There is little correlation between player salaries and ticket prices

With the recent spate of contract extensions and big name free agent signings, more than a handful of fans have expressed concern that deals signed by the likes of Mike Trout, Bryce Harper, and Manny Machado will drive up ticket prices. Research on the subject is scarce, but both pieces of research I found — by Jon Morgan at The Baltimore Sun in 1998 and Nate Silver at Baseball Prospectus in 2003 — found very little correlation between the two variables.

In Morgan’s article, he cited Allen Sanderson, an economist from the University of Chicago who said, “They are either independent of each other or the causality is reversed.” Causality, in layman’s terms, is one variable explaining the other. If the data showed a high degree of correlation, we could determine that, for example, an increase in player salaries does also result in an increase in ticket prices. But that wasn’t found.

Silver compared year-to-year changes in average ticket price and total player payroll from 2002 to ’03 and found essentially no correlation as well. The reason for this is manyfold, starting with the basic observation that the equation for an owner to set team prices is dependent many more factors than just his player payroll. Things like the team’s current competitiveness and general popularity, the presence of impactful marketable players, the area in which the team resides, and the general place on the expendable income ladder most of the city’s residents stand can all impact the price, arguably much more than player salaries.

Nothing that we didn’t already know, but still interesting to see aimed at a popular audience.

QLE Posted: March 23, 2019 at 10:04 AM | 10 comment(s)
  Beats: free agents, salaries, ticket prices

Tuesday, January 15, 2019

Barry Bonds’ former agent says MLB owners are colluding against players to suppress salaries

Major League Baseball’s owners are colluding against the sport’s players, long-time agent Jeff Borris charged when he joined The Jonah Keri Podcast.

“When you look at the revenues coming into the game ... it broke an all-time record and over $10 billion, the cost of labor should hand-in-hand go up as well,” said Borris, who’s represented the likes of Barry Bonds, Mike Piazza, and Rickey Henderson, and currently serves as general council for Ballengee Group.

“When that doesn’t happen, I think that is an indication of a tremendous collusive effort on behalf of the owners to suppress salaries for the players.”

*Sits back, waits for the fists to fly*

 

QLE Posted: January 15, 2019 at 04:23 AM | 18 comment(s)
  Beats: collusion, jeff borris, owners, salaries

 

 

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