This is the program for the 2010 Joint Statistical Meetings in Vancouver, British Columbia.
Abstract Details
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Activity Number:
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195
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Type:
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Contributed
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Date/Time:
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Monday, August 2, 2010 : 10:30 AM to 12:20 PM
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Sponsor:
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Section on Statistics in Sports
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| Abstract - #306621 |
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Title:
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Money Can't Buy You Love (But It Can Buy You Playoff Spots and Championships in Major League Baseball)
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Author(s):
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Jay R. Schaffer*+
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Companies:
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University of Northern Colorado
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Address:
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Applied Statistics & Research Methods, Greeley, CO, 80639,
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Keywords:
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baseball payrolls ;
regression ;
goodness of fit
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Abstract:
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The New York Yankees have long been thought of as the 800 lbs gorilla in the room when it comes to baseball payrolls. For years the Yankees have out spent every other team in major league baseball to "buy championships". Sometimes it has paid off (championships in 2000 and 2009); other times it has not. The question to be asked by the rest of the teams in major league baseball is "does money buy playoff spots and championships?" This research argues that big dollar team payrolls do give an unfair advantage to some teams in major league baseball. The data from 2000-2009 seems to support that claim.
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The address information is for the authors that have a + after their name.
Authors who are presenting talks have a * after their name.
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