Titlebook: Hot Stove Economics; Understanding Baseba J.C. Bradbury Book 2011 Springer Science+Business Media, LLC 2011 Baseball.Moneyball.Sabermetrics

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Why Johnny Estrada Is Worth Kevin Millwood: Valuing Players As Assetsotation, helping lead the team to its eleventh consecutive Division crown. After posting the tenth best ERA in the National League he was poised take over as the staff ace from sure-to-be Hall-of-Fame rotation mates Greg Maddux and Tom Glavine, who would soon depart the club. At 27, he had already m

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Down With The Triple-Crown: Evaluating On-Field Performancepting to borrow from baseball’s traditional wisdom to determine which skills that players possess are most important; however, popular notions of what determines success in baseball are not necessarily so. Baseball fans tend to be capable of recalling performance statistics of their favorite players

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Putting A Dollar Sign On The Muscle: Valuing Playersecause they saw a profit opportunity: fans liked baseball and were willing to pay to see it. This caused owners to build fields, erect stands, and hire players to play games in order to attract paying customers. Owners soon learned that fans preferred winners to losers, which meant stocking rosters

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Deals, Duds, And Caveats: What Do The Estimates Reveal?g economic foundation, the model requires further testing. The measure of any model is its predictive power: good models generate predictions similar to actual outcomes, while bad models have poor predictive accuracy. Comparing the estimates to actual player salaries provides information regarding t

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Is C.C. Sabathia Worth $161 Million? Valuing Long-Run Contractspay him $161 million over the seven following seasons. There was little debate that Sabathia was the best pitcher among the available free agents; but, to many observers, an average salary of $23 million a year was just too much, especially in the climate of a recession. Mike Cramer, a former Texas

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You Don’t Need A Name To Be Traded: Valuing Minor-League Prospects Later;” which means one club has agreed to give up one or more players now in return for another player who will switch teams at a later date. A player-to-be-named-later is an IOU issued by a club that allows its trading partner to select an individual from a pre-determined list of players to compl

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Epiloguegue Baseball’s complex organizational structure requires understanding the financial worth of players as assets in order to succeed as a ballclub. Sure, some teams have inherent advantages over others—bigger markets, more loyal fans, wealthier and more charitable owners, etc.—but baseball has shown

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