Baseball Statistics: Money Statistics
Salary Adjusted $ per Win - This is a very simple statistic. All it is is the salary that a team has for that given year, divided by the number of wins it gets. That is how much a team is paying per win.
(You can find all of these statistics and more at www.fangraphs.com)
Value Runs - These are the sum of Batting, Fielding, Replacement, and Positional stats
Batting - wRAA (Runs Above Average) adjusted for park.
Fielding - A player's UZR or Ultimate Zone Rating
Replacement - The replacement level adjustment set at 20 Runs / 600 PA.
Positional - The positional adjustment set using FanGraph's Values
+12.5 C
+7.5 SS
+2.5 2B/3B/CF
-7.5 LF/RF
-12.5 1B
-22.5 DH
Example: Albert Pujols Value Runs
Batting: 70.1
Fielding: 10.2
Replacement : 21.4
Positional: -11.4
Value Runs: 90.2
Value Wins - Value Runs converted to a wins scale.
Dollar Valuations - Value Wins converted a dollar scale. In 2008, $4.5m = 1 Win
Later we'll look at the top 10 highest paid people in baseball to see if they are actually worth what they are being paid. We will also look at the top bargains and worst rip-offs contract wise. But first, let's look at the Salary Adjusted $ per Win for each team.
American League
TAMPA BAY DEVIL RAYS
Wins: 97
Salary: $43,820,597
Cost per win: $451,759
Rank: 1
OAKLAND A'S
Wins: 75
Salary: $47,967,126
Cost per win: $639,562
Rank: 2
MINNESOTA TWINS
Wins: 88
Salary: $56,932,766
Cost per win: $646,963
Rank: 3
Wins: 75
Salary: $58,245,500
Cost per win: $776,607
Rank: 4
Wins: 79
Salary: $67,712,326
Cost per win: $776,607
Rank: 5
CLEVELAND INDIANS
Wins: 81
Salary: $78,970,066
Cost per win: $974,939
Rank: 6
BALTIMORE ORIOLES
Wins: 68
Salary: $67,196,246
Cost per win: $988,180
Rank: 7
Wins: 86
Salary: $97,793,900
Cost per win: $1,137,138
Rank: 8
Wins: 100
Salary: $119,216,333
Cost per win: $1,192,163
Rank: 9
Wins: 89
Salary: $121,189,332
Cost per win: $1,361,678
Rank: 10
BOSTON RED SOX
Wins: 95
Salary: $133,390,035
Cost per win: $1,404,106
Rank: 11
Wins: 74
Salary: $137,685,196
Cost per win: $1,860,611
Rank: 12
Wins: 61
Salary: $117,666,482
Cost per win: $1,928,959
Rank: 13
NEW YORK YANKEES
Wins: 89
Salary: $209,081,577
Cost per win: $2,349,231
Rank: 14
National League
Wins: 84
Salary: $21,811,500
Cost per win: $259,661
Rank: 1
Wins: 67
Salary: $48,689,783
Cost per win: $726,713
Rank: 2
ARIZONA DIAMONDBACKS
Wins: 82
Salary: $66,202,712
Cost per win: $807,350
Rank: 3
Wins: 90
Salary: $80,937,499
Cost per win: $899,306
Rank: 4
COLORADO ROCKIES
Wins: 74
Salary: $68,655,500
Cost per win: $927,777
Rank: 5
Wins: 59
Salary: $54,961,000
Cost per win: $931,542
Rank: 6
CINCINNATI REDS
Wins: 74
Salary: $74,117,695
Cost per win: $1,001,590
Rank: 7
HOUSTON ASTROS
Wins: 86
Salary: $88,930,414
Cost per win: $1,034,075
Rank: 8
Wins: 72
Salary: $76,594,500
Cost per win: $1,063,813
Rank: 9
PHILADELPHIA PHILLES
Wins: 92
Salary: $98,269,880
Cost per win: $1,068,151
Rank: 10
Wins: 78
Salary: $99,624,449
Cost per win: $1,158,424
Rank: 11
Wins: 63
Salary: $73,677,616
Cost per win: $1,169,486
Rank: 12
Wins: 97
Salary: $118,345,833
Cost per win: $1,220,060
Rank: 13
Wins: 84
Salary: $118,588,536
Cost per win: $1,411,768
Rank: 14
ATLANTA BRAVES
Wins: 72
Salary: $102,365,683
Cost per win: $1,421,746
Rank: 15
NEW YORK METS
Wins: 89
Salary: $137,793,376
Cost per win: $1,548,240
Rank: 16
Both New York teams, the Yankees and the Mets, were the least efficient in terms of the Salary/Win Ratio. And as you can see, money does not buy championships.
While the Tampa Bay Rays, who went to the ALCS were the most efficient. The Marlins however are efficient only because they seem to not want to sign any player to a long term contract.
On to individual player salaries. Here are the top ten highest paid position players in the major league during the 2008 season.
1. Alex Rodriguez - 27.5
2. Manny Ramirez - 20.8
3. Miguel Cabrera - 19.0
4. Derek Jeter - 18.9
5. Andruw Jones - 18.1
6. Vernon Wells - 18.0
7. Ichiro Suzuki - 18.0
8. Jason Giambi - 17.1
9. Carlos Beltran - 17.0
10. Alfonso Soriano - 17.0
Alex Rodriguez - New York Yankees - 3B
Salary - $27.5M
Value Runs - 61.5
Value Wins - 6.1
Dollar Valuation - $27.6
Difference - .1M
Manny Ramirez - Boston Red Sox/Los Angeles Dodgers - OF
Salary - $20.8M
Value Runs - Red Sox - 28.4 Dodgers - 37.4
Value Wins - Red Sox - 2.8 Dodgers - 3.7
Dollar Valuation - Red Sox - $12.7 Dodgers $16.8 (total) $29.5
Difference - 9.5M
Miguel Cabrera - Detroit Tigers - 1B/3B
Salary - $19.0M
Value Runs - 24.8
Value Wins - 2.5
Dollar Valuation - $11.1
Difference - -8.9M
Derek Jeter - New York Yankees - SS
Salary - $18.9M
Value Runs - 35.5
Value Wins - 3.5
Dollar Valuation - $15.9
Difference - -3M
Andruw Jones - Los Angeles Dodgers - OF
Salary - $18.1M
Value Runs - -3.6
Value Wins - -0.4
Dollar Valuation - -$1.6
Difference - -19.6M
Vernon Wells - Toronto Blue Jays - OF
Salary - $18.0M
Value Runs - 18.3
Value Wins - 1.8
Dollar Valuation - $8.2
Difference - -9.8M
Ichiro Suzuki - Seattle Marines - OF
Salary - $18.0M
Value Runs - 32.2
Value Wins - 3.2
Dollar Valuation - $14.4
Difference - -3.6M
Jason Giambi - New York Yankees - 1B/DH
Salary - $17.1M
Value Runs - 26.5
Value Wins - 2.6
Dollar Valuation - $11.9
Difference - -5.2
Carlos Beltran - New York Mets - OF
Salary - $17.0M
Value Runs - 64.0
Value Wins - 6.4
Dollar Valuation - $28.7
Difference - 11.7M
Alfonso Soriano Chicago Cubs - OF
Salary - $17.0M
Value Runs - 27.5
Value Wins - 2.7
Dollar Valuation - $12.3
Difference - -4.7M
Winners
New York Mets saved $11,700,000 on Carlos Beltran
Red Sox/Dodgers saved $9,500,000 on Manny Ramirez
New York Yankees saved $100,000 on Alex Rodriguez
Losers
Los Angeles Dodgers lost $19,500,000 on Andruw Jones
Toronto Blue Jays lost $9,800,000 on Vernon Wells
Detroit Tigers lost $8,900,000 on Miguel Cabrera
New York Yankees lost $5,200,000 on Jason Giambi
Chicago Cubs lost $4,700,000 on Alfonso Soriano
Seattle Mariners lost $3,600,000 on Ichiro Suzuki
New York Yankees lost $3,000,000 on Derek Jeter
Even though Alex Rodriguez's contract caused a lot of eyeballs to explode upon seeing the dollar amount, the Yankees actually saved money; A-Rod was actually worth 100k more than he was paid. I'm trying to hold back my laughter but I can't. The Dodgers paid Andruw Jones $18Million in 2008. He was worth NEGATIVE 1.6. Technically, he should have been paying the Dodgers to play baseball. That is how bad he was.
Unfortunately there is no equivalent Value Runs/Value Wins for pitchers; otherwise we would also be seeing how horrible a Carl Pavano or Barry Zito contract is.
The Bargain Bin
Chase Utley - Philadelphia Phillies - 2B
Salary - $7.5M
Value Runs - 82.1
Value Wins - 8.2
Dollar Valuation - $36.8M
Difference - 29.3
Grady Sizemore - Cleveland Indians - OF
Salary - $3M
Value Runs - 70.6
Value Wins - 7.0
Dollar Valuation - $31.7M
Difference - 28.7
Hanley Ramirez - Florida Marlins - SS
Salary - $439,000
Value Runs - 72.8
Value Wins - 7.3
Dollar Valuation - $32.7M
Difference - 28.4
David Wright - New York Mets - 3B
Salary - $5M
Value Runs - 71.9
Value Wins - 7.2
Dollar Valuation - $32.2M
Difference - 27.2
Albert Pujols - St. Louis Cardinals - 1B
Salary - $16.0M
Value Runs - 90.2
Value Wins - 9.0
Dollar Valuation - $40.5M
Difference - 24.5
Joe Mauer - Minnesota Twins - C
Salary - $6.25
Value Runs - 57.3
Value Wins - 5.7
Dollar Valuation - $25.7M
Difference - 19.45
Chipper Jones - Atlanta Braves - 3B
Salary - $15M
Value Runs - 76.0
Value Wins - 7.6
Dollar Valuation - $34.1M
Difference - 19.1
Evan Longoria - TampaBay Rays - 3B
Salary - $500,000
Value Runs - 51.6
Value Wins - 5.1
Dollar Valuation - $23.1
Difference - 18.1
Nick Markakis - Baltimore Orioles - OF
Salary - $455,000
Value Runs - 50.2
Value Wins - 5.0
Dollar Valuation - $22.5M
Difference - 18.0
Lance Berkman - Houston Astros - 1B
Salary - $14.5M
Value Runs - 70.7
Value Wins - 7.0
Dollar Valuation - $31.7M
Difference - 17.2
Baseball is a Money world.
All Salary Adjusted $ per win, Value Runs, Value Wins, and Dollar Valuation statistics taken from http://www.fangraphs.com/
All contract info taken from mlbcontracts.blogspot.com/
All other statistics taken from www.baseball-reference.com
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