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April 24, 2014 6:00 am

Explaining Spending

6

Lewie Pollis

Uncoupling the price of a win from its value.

A couple weeks ago, I made the argument that the cost of a win on the free agent market for a given season does not represent a generally homogeneous league-wide conception of what a win is worth. Rather, the more logical explanation is that it reflects the largest amount any team would be willing to pay for the Nth win available after the first N – 1 wins were hypothetically distributed in accordance with who valued each of them most highly. (Economic theory can sound weird when you apply it to real life.)

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April 10, 2014 6:00 am

Explaining Spending

18

Lewie Pollis

A key to the baseball economy.

This article started with the realization that I had been wrong. Believe it or not, it’s happened before; unlikely as it seems, it may happen again. I think I’ve got it right this time, but in the spirit of intellectual honesty and taking responsibility for my past arguments, I wanted to note that I’ve been down this road before.

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Ben and Sam talk about the idea that trying to win is costing teams money, then discuss what the industry says about this week's transaction activity.

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