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Cutthroat Economics of MLB

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  • Description

    'The Baseball Economist' Author J.C. Bradley breaks down the economics of baseball.

  • Duration 3:32
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-- there are reports out of Boston today from fox sports and other places that Terry Francona.

Is out as the manager of the Red Sox his dismissal would come after really the worst collapse you're ever gonna see it a playoff contender really the worst in the modern era -- we're really wanna look at it that way.

Some questioning -- whether his boss the general manager Theo Epstein should be.

Released is well he's known for building its team by using stats like an economist what in the same fashion Billy -- did with the yield when days of course he's portrayed by Brad Pitt.

In the new money ball a movie.

So that gives us an excuse to talk about baseball and economic stake in tried those are to my favorite subjects with JC -- -- the author of the baseball economists among other books.

He's from my Kennesaw State University JC it's good to see you so -- still bull the whole host of ways we can take this but I think people watch our show would be kind of interested in it.

From the aspect of how do you put a team together the Red Sox they're GM's Theo Epstein.

He.

Makes a lot of headlines by signing an outfielder named Carl Crawford in the offseason to paying a 140 million dollars form for seven years.

-- Crawford used to play for the Tampa -- to Tampa Bay Rays -- far less money.

His old team.

Thanks in part to the fact that He did make a sliding catch of the day is headed to the playoffs while his new -- spending all that money on and is not is there an economic story and they're somewhere now.

Oh absolutely and you know if it's kind of -- -- happens to the Red Sox have been embraced a lot of popular and powerful statistical metrics for identifying good players but what the Tampa Bay Rays -- done like every other team in baseball is try to find a way to win for less and that was the whole money -- story.

And so.

There were no Red -- have been very efficient that signing players but still have some money left over to the consigned guys like Crawford.

You know players can only do what they that they try to do and doesn't always work out in Crawford had a down year into the Red Sox -- -- -- the best -- candid hope that Crawford can do what -- can't.

You wrote this book actually read a good part of -- called hot -- economics and this yeah I think this is what.

Maybe some people don't realize the other baseball team like Tampa they of these guys like Evan Longoria David Price very talented players very young players.

War worth more than they're getting paid aren't they were some -- -- maybe not worth.

What he's getting paid in and -- -- but baseball -- set up that.

Right.

Right absolutely and candidate takes advantage of the economic system and baseball which allows you to pay players very low -- early in their career candidate.

Early on try to go outside a bunch of -- to realize they -- wasting money.

What they did was change your philosophy let's save our money.

Let's try and sign guys in the draft even selling David Price who got a big bonus once you make it to the major leagues he's going to be making.

Getting you know the millions of dollars -- -- new worth tens of millions of dollars and so that's how they built this team on a dime.

So from just pure economics standpoint wasn't it wasn't a mistake every side of Francona getting fired today but should -- be held accountable -- should lose his job but she should He be held accountable for spending all that money.

On somebody like Crawford even before we had behind side of knowing that in an off year this year is somewhat like that worth it for seven years all -- 140 million.

Right well yeah.

You -- Crawford got paid about what you could expect him to be worth and some pounds players don't live up to that I mean one of the things of Boston has done is they save so much money.

Putting -- on the field at cheaper prices they're able to afford someone Mike Crawford to the compared ability -- -- yankees.

They have compare both teams but the rest occupant in about fifty million dollars a year less than the Yankees have been for the past decade.

And now.

They're going to -- new manager it looks like -- JC Brenda good to see you again.

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