Does Money Buy Wins In Baseball?
The Baseball Analysts have undertaken a very interesting analysis of Major League payrolls and how they correlate with wins. What they found was very interesting. They took the payrolls over the last 3 years and each team’s wins over that time and divided them out to produce a chart that shows exactly what you would expect: There is a correlation between money spent and wins.
As you can see, the Cubs have been slightly less efficient than the norm based on what they’ve spent. Based on wins per dollar, the Cubs are about 6 wins a season worse than they should be. They are 5th in money spent, yet only 12th in average wins.
The main outlier in terms of inefficiency on this chart appear to be the Yankees. I can’t even figure out how many wins their payroll should correlate too (120? 125?). On the flip side, the Marlins and the Rays are the most efficient, spending far less per win than any other team.