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Our look quicker to the story we talked about earlier.
The economics of baseball JC Bradbury -- associate economics professor -- Kennesaw State University sparked a great debate within sport with his book.
Hot -- economics he joins us now from Atlanta thank you JC for coming god.
So are we were little late getting to you and while a few minutes to talk here's the president just wrapping up his remarks that.
You know -- -- -- it's a fascinating book for anybody who's a sports fan aren't just anybody likes numbers and and an economics is well you basically come up with a way to value baseball players how much they're worth to their team's bottom line right.
Right one of the great things about baseball is that we have a wealth of statistics and we also have a lot of economic data about.
What players -- and so.
I was able to come up with a method for valuing how players play on the field right translates into dollars in the pockets of owners here's the thing a -- do here because for the -- we talked earlier about how that and I'm -- Mets fan unfortunately have a Mets have been one of the more mismanaged teams that.
Lately and that's pretty obvious you just look at this from the free agent signings and what have you but on the screen I think we can put up what you.
Identifies the best match franchises over the last decade you -- Oakland is number one the twins Minnesota Twins are number two.
The Indians the Marlins in the Tampa Bay Rays -- -- kind of war with.
Would not would last not having the resources where is the worst manage our teams like the Mets the tigers the Orioles the Dodgers in the -- tell us why.
The twins the Minnesota Twins for example would be such a much better manage team as you see -- in the New York Mets.
Right -- one of the things the twins do is they take advantage of the collective bargaining rules that allow teams to sign players -- low service time.
For low dollar contracts.
And if you look at the roster they don't have a lot of expensive free agents -- players did their services against other teams.
And so the Mets on the other end.
They're going out signing lots of free agent spending money on Oliver Perez are -- on Johan Santana.
And so they're not taking advantage of this collective bargaining agreement so here's the real key to that is JC is explaining that for the first few years of a baseball player's career.
The team can play that that the team can pay the -- whatever they want to have a -- 400000 dollars at the minimum.
But they don't have to pay the player any more than that.
And then after players played but I guess three years you can go to arbitration on your salary that after six years you go to free agency.
So the Mets are taking a -- US it has a perfect example the twins had him.
When he was cheap that the Mets haven't like buying -- stock at a -- right in some ways.
Oh yes it's funny you look at Wynn unit and then Santana left the twins they won the playoff license and the Mets haven't gone any -- -- that's exit that's a great example the twins.
Getting the guy when he's young and -- cheap while the Mets get him when he's expensive.
What did you see in this baseball -- just of the books about hot stove economics hot stove and baseball is just what happens in the off season people talking about the sport.
In the off season and signings that are made.
There's been some big splashes.
And a free agent market as well Boston's had a couple of of what have you made of some of the them the way money's been spent this off season.
Well I think the biggest surprising deal people talked about in the long term deal to -- Cliff Lee and Jayson Werth.
And we see these hundred million dollar contract we can say how can that -- but the funny thing is that I was looking at what these players I'll be making Obama assistant and I was just -- -- pretty close to what they're getting people understand that baseball -- -- seven billion dollar a year industry in these teams make a lot of money and if you wanna win.
You've got to pay the best players especially on the free agent market and so that's -- these players are getting such big dollars.
All right I'm -- -- like that I -- the book acts have read a little bit -- and good luck with that Casey thank you very much -- -- that I coming on.
Talk a little baseball -- this offseason.
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