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We are interested in analyzing the relationship between wins and payroll. We are most curious about this relationship because it can be controlled by a team's management. On-field performance is less controllable by the team's management because it has a higher ?human performance' element. In 1998, MLB Commissioner Bud Selig formed a panel to report on the economic conditions within baseball...
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In 1998, MLB Commissioner Bud Selig formed a panel to report on the economic conditions within baseball. One of the findings of that panel was that team payrolls have become increasingly disparate. The gap between "rich" and "poor" teams was not only wide, but growing. The effect, according to the panel, was a dramatic decline in parity and competitiveness of Major League Baseball...
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