Currently browsing category

Baseball Stories

Myth Busting in Baseball

Sharon Begley of The Wall Street Journal has authored a column today entitled: “A New Study Shows How Baseball Myths Can Hurt the Game.” The “study” Begley notes is not one study, but a series of studies authored and summarized by JC Bradbury in The Baseball Economist: The Real Game …

Summarizing Our Thoughts on Baseball

The free agent market in baseball is in full-swing and already gobs of money have been offered and accepted. With the money flying the cries about the disparity between the haves and have-nots are once again being heard. So perhaps it is a good time to review what The Wages …

Marty Keeping Score for the New York Times, Again

Frequent readers of The Wages of Wins Journal might have noticed that Marty and Stacey are not contributing much anymore. Marty’s excuse is The New York Times. Today he has penned his fourth Keeping Score column for the nation’s leading paper. Given the difference between what The New York Times …

More on Competitive Balance in Baseball

Today I posted a comment on baseball’s revenue sharing at The Sports Economist. In this post I argued that revenue sharing has not caused payrolls to become more equal in baseball. Additionally, I noted that baseball has not become more competitive since the institution of the 2002 labor agreement. The …

The Market Size Myth

Baseball’s Blue Ribbon Panel, after examining five years of data from 1995 through 1999, argued that Major League Baseball teams located in smaller markets were unable to compete in baseball. Consequently the panel concluded baseball had a competitive balance problem that could only be rectified by redistributing baseball’s resources from …

Should the Yankees be Surprised?

“I’m stunned. This team fooled me to some degree,” general manager Brian Cashman said. “This is a tough one because this team was capable of a lot, at least I thought.” This was the reaction of the Yankees general manager to New York’s exit from the playoffs yesterday. Clearly Cashman …

A Really Good Day

In the Wages of Wins we note that we are not too fond of the New York Yankees. Well, today the Yankees were eliminated from the playoffs — demonstrating once again that money alone can’t buy a title in baseball. Plus the Yankees lost to my team, the Detroit Tigers. …

The LA Times Tells Us That Money Is Not Everything

Greg Johnson of the LA Times states in today’s edition that Seriously, Money Isn’t Everything (the article is free to read, but you do have to register first). Johnson observes that although playoff teams like the Yankees and Mets rank towards the top in baseball’s payroll rankings, other playoff teams …

Freakonomics vs. Moneyball

Originally Posted at The Sports Economist On page 10 of the October 2nd issue of Business Week is a brief article by Peter Coy entitled “Freakonomics vs. Moneyball.” Coy addresses an exchange between Steven Levitt – co-author of Freakonomics – and Raymond Sauer – Clemson economics professor and resident chief …