Wednesday, June 15, 2005
Interesting post at Sports Economist on the "Yankee Premium". "Does the gap between Yankee salaries and the rest of the league represent primarily a productivity difference or is there also a sizable premium above market being paid to Yankee players?
To explore this question, I performed a rough experiment to determine the payroll at which I could put together a team matching the productivity of Yankee players. I matched Yankee players with other MLB players by position."
The results are interesting-- of course, the results are skewed somewhat because so many Yankee players are under-performing, but even so, "Players filling similar roles with better numbers on other teams make anywhere from the league minimum up to around $2 million per season. In total, the Yankees are paying around $165 million for players whose mirror images on other teams are making under $80 million. "
To explore this question, I performed a rough experiment to determine the payroll at which I could put together a team matching the productivity of Yankee players. I matched Yankee players with other MLB players by position."
The results are interesting-- of course, the results are skewed somewhat because so many Yankee players are under-performing, but even so, "Players filling similar roles with better numbers on other teams make anywhere from the league minimum up to around $2 million per season. In total, the Yankees are paying around $165 million for players whose mirror images on other teams are making under $80 million. "
