BuzzData & America’s Favorite Pastime | Jaret Manuel
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Yep It just covers the AL East in its current configuration, I touched on that in the first article posted
Thanks for clarifying. Much appreciated. Great work either way.
Thanks. Interesting article from you as well
I was wrong (although I eluded I am no MLB expert) on the Tigers winning. But the winning team will have a high payroll rank once again. Cool trend. If it is not the 1-2 punch of the Yankees or Red Sox, then the world series goes to a higher payroll team – at least for the last ten years.
Here is a crazy stat from my dataset on team payroll from 88-2000. Since 2000 when the Yankees won 4 World Series in 5 years, the last decade, the top two highest paid teams won 3 times which is mediocre, however the other 7 years were by teams ranked 8th or higher and as high as 24th. Further, the average for the last ten years is 9.6. Round that up to 10 and the Detroit Tigers would be this years World Series champion based solely on this statistic versus 2011 Payrolls. Time will tell if this holds true.
That would be great news for the city of Detroit. They need some good news for a change.
This is a fantastic article to compliament this discussion.
It would be cool for someone to direct salaries/team payroll for this time period for MLB, NHL, NFL, MLS, NBA, etc & have a regression against revenue, attendance, & championships, etc.
I created a dataset with payroll data for all the major leagues (only going back 3 seasons, because accurate pre-2008 MLS data is somewhat scarce). I am putting together some analysis that includes some of the variables you mentioned. It should be up soon :)
http://buzzdata.com/artfulgeek/nba-nfl-nhl-and-mlb-salaries-2008-2011-seasons
I look forward to this.
BuzzData & America’s Favorite Pastime | Jaret Manuel
From the graph I constructed below from a Dataset I put together, only two teams since 1988 have won the world series with the highest payroll: The Toronto Blue Jays had the highest payroll in 92 & 93, while the Yankees pulled the stunt 5 times: 96, 98, 2000, & 2009. That is 7 titles over 22 years (94 was a strike year) or 32% for the period reviewed.
The visulization only covers 1998-2010, not the 23 period the data covers.