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Oh What A Feeling: Mets 6, Nationals 2

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PAYROLL EFFICIENCY FORMULA! (URGENT!)

I guess football was the highlight of the day – BTW, awesome wins for Giants and Jets!

If you follow football, you gotta wonder how in hell the damned Texans beat the Titans… in a high scoring debacle, no less!

NEWSFLASH: BTW, I do in fact have a formula for payroll/win efficiency! This is based on YTD results, and generally increases as the season goes on.

Let

E = Efficiency rating
L = Losses
Pa = League average payroll (constant)
Pt = Team payroll
W = Wins

K = (W² / (W + L) – a measure of a team’s “power”

Pa = $88,336,287

38.07 = Average efficiency rating
38.07 = Average power rating

38.60 = Mean efficiency rating
38.90 = Mean power rating
-———————————

The formula is: (W² / (W + L)) * (Pa / Pt), or K * (Pa / Pt)

I hate to admit it, but when it comes to this, the Mets are the cream of the crap! Nobody should object to the workings behind this carefully constructed formula!

Rk / Team Payroll. / ..W-L../ Power/ Eff Rtg / Team
01 / $036,814,000 / 80-70 / 42.67 / 102.38 / Florida Marlins
02 / $042,796,700 / 68-82 / 30.83 / 063.63 / San Diego Padres
03 / $068,646,023 / 81-67 / 44.33 / 057.05 / Texas Rangers
04 / $075,201,000 / 85-65 / 48.17 / 056.58 / Colorado Rockies
05 / $063,313,035 / 77-73 / 39.53 / 055.15 / Tampa Bay Rays
06 / $065,299,267 / 76-73 / 38.77 / 052.44 / Minnesota Twins
07 / $088,528,411 / 87-63 / 50.46 / 050.35 / St. Louis Cardinals
08 / $062,310,000 / 71-78 / 33.83 / 047.96 / Oakland Athletics
09 / $100,458,101 / 90-60 / 54.00 / 047.48 / Los Angeles Dodgers
10 / $082,161,450 / 80-69 / 42.95 / 046.18 / San Francisco Giants
11 / $113,709,000 / 89-60 / 53.16 / 041.30 / Los Angeles Angels
12 / $079,857,502 / 74-75 / 36.75 / 040.65 / Milwaukee Brewers
13 / $113,004,048 / 87-61 / 51.14 / 039.98 / Philadelphia Phillies
14 / $070,968,500 / 69-81 / 31.74 / 039.51 / Cincinnati Reds
15 / $048,743,000 / 56-91 / 21.33 / 038.66 / Pittsburgh Pirates
16 / $122,696,000 / 89-59 / 53.52 / 038.53 / Boston Red Sox
17 / $096,726,167 / 79-70 / 41.89 / 038.25 / Atlanta Braves
18 / $098,904,167 / 78-72 / 40.56 / 036.23 / Seattle Mariners
19 / $073,571,667 / 65-85 / 28.17 / 033.82 / Arizona Diamondbacks
20 / $096,068,500 / 73-77 / 35.53 / 032.67 / Chicago White Sox
21 / $115,085,145 / 79-70 / 41.89 / 032.15 / Detroit Tigers
22 / $080,993,657 / 66-83 / 29.23 / 031.89 / Toronto Blue Jays
23 / $067,101,667 / 60-89 / 24.16 / 031.81 / Baltimore Orioles
24 / $070,908,333 / 61-88 / 24.97 / 031.11 / Kansas City Royals
25 / $102,996,415 / 70-79 / 32.89 / 028.21 / Houston Astros
26 / $081,625,567 / 61-88 / 24.97 / 027.03 / Cleveland Indians
27 / $201,449,289 / 95-55 / 60.17 / 026.38 / New York Yankees*
28 / $059,328,000 / 51-98 / 17.46 / 025.99 / Washington Nationals
29 / $135,050,000 / 76-72 / 39.03 / 025.53 / Chicago Cubs
30 / $135,773,988 / 65-85 / 28.17 / 018.33 / New York Mets

*If you’re wondering how the Yankees are the 4th least efficient team, it’s because they basically paid their way to domination (ticket strategy). Efficiency rating is more of a rating of teams getting a bang for their buck – it’s fitting that the Marlins are waaay ahead, and that the top-payed players are getting paid far, far too much money (that’s why NYY is down there.) Since the Yankees are an outlier in team payrolls, let’s chalk this one up as a special case. Outliers have tendencies to be very misleading. But to give you an example of how efficient the Marlins really are, if NYY went 162 – 0, their rating would still be 75.5 – well short of the Marlins. You would need to reduce your payroll to $145.5 million if you go 162 – 0, to match the Marlins’ efficiency rating. There’s something to be learned from all this…

It should be noted that teams with the highest efficiency ratings also tend to have the best overall value, by players. Their prospects also tend to recently break out in a big way (i.e. Texas Rangers). Hanley Ramirez is getting paid $5.5 million this year and Jeter $21.6 million – Ramirez is clearly more productive right now (no disrespect to future HOFer Jeter), AND has even better value, obviously! That should seal my case for the formula.

But see, this is a CLEAR indication that the Mets need to invest HEAVILY in their farm system – David Wright and Jose Reyes are the only players from the Mets farm system that have paid considerable enough dividends (Murphy and Thole might join them soon). None of their currently good pitchers are from the farm system! (Pelfrey needs LOTS of work!) Screw putting excuses on injuries – the Mets need to inject their farm system in the a$$! If you look at all the other teams, it is generally evident that more of their good players are farm-raised. The Mets need to follow the example of Rangers’ GM Jon Daniels – dump waste of salary players (like Sheffield, $14 million) and invest that money on scouting and player development. Oliver Perez ($12 million/year for 3 years), based on this model, is the WORST SIGNING EVER (per dollar) by the Mets, in my opinion (even worse than what Carl Pavano was to the Yankees – Pavano had MUCH more to offer at the time of his signing!) – Perez is the poster boy for “toxic assets”. Perez himself, when you think about it, is no more a criminal than banks nowadays.

MR. TOXIC ASSETS

Is he laughing or grieving? This is a classic Mona Lisa paradox.

I should do an article on this. Seriously.

Legend has it, that when the full moon strikes the pitchers' mound at a Mets game, Mr. Met turns into Evil Mr. Met...

by sj10689 on Sep 21, 2009 3:38 AM EDT reply actions  

Correction
None of their currently good pitchers are from the farm system!

I made an error here – Pedro Feliciano has been really good and profitable for the Mets at RP, and he did arise from the Mets farm system in 2002. But still, my point about the Mets lacking profits from their farm system still stands!

Legend has it, that when the full moon strikes the pitchers' mound at a Mets game, Mr. Met turns into Evil Mr. Met...

by sj10689 on Sep 21, 2009 3:51 AM EDT up reply actions  

Correction
You would need to reduce your payroll to $145.5 million if you go 162 – 0, to match the Marlins’ efficiency rating. There’s something to be learned from all this…

The $145.5 million figure is wrong. The actual figure is $139.7 million.

That should read: “You would need to reduce your payroll to $139.7 million if you go 162 – 0, to match the Marlins’ efficiency rating. There’s something to be learned from all this…

Legend has it, that when the full moon strikes the pitchers' mound at a Mets game, Mr. Met turns into Evil Mr. Met...

by sj10689 on Sep 21, 2009 4:05 AM EDT up reply actions  

Correction
38.60 = Mean efficiency rating
38.90 = Mean power rating

It should not say “mean”, as “mean” is synonymous with “average”. It should say “median”.

It should read:

38.60 = Median efficiency rating
38.90 = Median power rating

Legend has it, that when the full moon strikes the pitchers' mound at a Mets game, Mr. Met turns into Evil Mr. Met...

by sj10689 on Sep 21, 2009 2:20 PM EDT up reply actions  

Very cool

I would say that to argue the importance of the farm system in terms of value, you might want to include the money spent on signings and minor league payroll in a “total budget” as opposed to just listing the major league payroll. I suspect that you’re still very right.

by TheBigStapler on Sep 21, 2009 3:01 PM EDT up reply actions  

Also, I think the most impressive are the teams that get both good value and a lot of wins

particularly the Dodgers but also the Angels and Phillies. These are the teams that win because they have a lot of money and they use it well. The Cubs and the Mets are proof that a high payroll is not assurance of success.

If you arbitrarily add power and efficiency together you get the following rank, which intuitively tells you a lot about which organizations are the best run and which are just sad:

Marlins
Rockies
Dodgers
Rangers
Cardinals
Rays
Padres
Angels
Red Sox
Twins
Phillies
Giants
Yankees
Athletics
Braves
Brewers
Mariners
Tigers
Reds
White Sox
Cubs
Diamondbacks
Blue Jays
Astros
Pirates
Royals
Orioles
Indians
Mets
Nationals

by TheBigStapler on Sep 21, 2009 3:09 PM EDT up reply actions  

I will post your findings

More interesting statistical references! Mets still look bad, though. But it seems more accurate as far as future outlook is concerned.

Legend has it, that when the full moon strikes the pitchers' mound at a Mets game, Mr. Met turns into Evil Mr. Met...

by sj10689 on Sep 21, 2009 10:35 PM EDT up reply actions  

I adjusted your measure of combining power and efficiency

By the law of diminishing returns, it is more accurate to take the square root of power times efficiency. (√K * E) It propels the Yankees sky high to the bottom of the first half. It is adjusted based on the excessive payrolls of teams nowadays.

POWER – EFFICIENCY RETURNS LEADERBOARD

Rk / .Total Payroll. / ..W – L.. / .Pow. / Eff. Rtg./√K * E/ Team
01 / $036,814,000 / 80 – 70 / 42.67 / 102.38 / 66.09 / Florida Marlins
02 / $075,201,000 / 85 – 65 / 48.17 / 056.58 / 52.20 / Colorado Rockies
03 / $100,458,101 / 90 – 60 / 54.00 / 047.48 / 50.64 / Los Angeles Dodgers
04 / $088,528,411 / 87 – 63 / 50.46 / 050.35 / 50.41 / St. Louis Cardinals
05 / $068,646,023 / 81 – 67 / 44.33 / 057.05 / 50.29 / Texas Rangers
06 / $113,709,000 / 89 – 60 / 53.16 / 041.30 / 46.86 / Los Angeles Angels
07 / $063,313,035 / 77 – 73 / 39.53 / 055.15 / 46.69 / Tampa Bay Rays
08 / $122,696,000 / 89 – 59 / 53.52 / 038.53 / 45.41 / Boston Red Sox
09 / $113,004,048 / 87 – 61 / 51.14 / 039.98 / 45.22 / Philadelphia Phillies
10 / $065,299,267 / 76 – 73 / 38.77 / 052.44 / 45.09 / Minnesota Twins
11 / $082,161,450 / 80 – 69 / 42.95 / 046.18 / 44.54 / San Francisco Giants
12 / $042,796,700 / 68 – 82 / 30.83 / 063.63 / 44.29 / San Diego Padres
13 / $062,310,000 / 71 – 78 / 33.83 / 047.96 / 40.28 / Oakland Athletics
14 / $096,726,167 / 79 – 70 / 41.89 / 038.25 / 40.03 / Atlanta Braves
15 / $201,449,289 / 95 – 55 / 60.17 / 026.38 / 39.84 / New York Yankees*
16 / $079,857,502 / 74 – 75 / 36.75 / 040.65 / 38.65 / Milwaukee Brewers
17 / $098,904,167 / 78 – 72 / 40.56 / 036.23 / 38.33 / Seattle Mariners
18 / $115,085,145 / 79 – 70 / 41.89 / 032.15 / 36.70 / Detroit Tigers
19 / $070,968,500 / 69 – 81 / 31.74 / 039.51 / 35.41 / Cincinnati Reds
20 / $096,068,500 / 73 – 77 / 35.53 / 032.67 / 34.07 / Chicago White Sox
21 / $135,050,000 / 76 – 72 / 39.03 / 025.53 / 31.56 / Chicago Cubs
22 / $073,571,667 / 65 – 85 / 28.17 / 033.82 / 30.86 / Arizona Diamondbacks
23 / $080,993,657 / 66 – 83 / 29.23 / 031.89 / 30.53 / Toronto Blue Jays
24 / $102,996,415 / 70 – 79 / 32.89 / 028.21 / 30.46 / Houston Astros
25 / $048,743,000 / 56 – 91 / 21.33 / 038.66 / 28.72 / Pittsburgh Pirates
26 / $070,908,333 / 61 – 88 / 24.97 / 031.11 / 27.87 / Kansas City Royals
27 / $067,101,667 / 60 – 89 / 24.16 / 031.81 / 27.72 / Baltimore Orioles
28 / $081,625,567 / 61 – 88 / 24.97 / 027.03 / 25.98 / Cleveland Indians
29 / $135,773,988 / 65 – 85 / 28.17 / 018.33 / 22.72 / New York Mets
30 / $059,328,000 / 51 – 98 / 17.46 / 025.99 / 21.30 / Washington Nationals

Legend has it, that when the full moon strikes the pitchers' mound at a Mets game, Mr. Met turns into Evil Mr. Met...

by sj10689 on Sep 21, 2009 11:19 PM EDT up reply actions  

Correction

Sheffield may be making $14 million, but we’re only paying $400K of that. The rest is on the Tigers’ payroll.

by BobbyV_Incognito on Sep 21, 2009 7:00 PM EDT up reply actions  

Re: Correction
Sheffield may be making $14 million, but we’re only paying $400K of that. The rest is on the Tigers’ payroll.

Oh, yeah – I remember that, now that you mention it! Thank almighty god! Obviously, the Mets won’t give in to his front office offensive about getting a deal signed prematurely, prior to season’s end. The guy has no tact and will call anyone a racist at the drop of a hat.

Gary Sheffield is to today what Dick Allen was to 1970. Dick Allen has definite Hall of Fame credentials (.912 OPS – 56th, .534 SLG – 43rd, 156 OPS+ – 19th), but even baseball’s most respected statistician, Bill James, said that Allen “did more to keep his teams from winning than anybody else who ever played major league baseball.” That is a blockbuster of a statement coming from James.

Read about it here: http://www.expressfan.com/dickallenhof/docs/billjames.pdf

Legend has it, that when the full moon strikes the pitchers' mound at a Mets game, Mr. Met turns into Evil Mr. Met...

by sj10689 on Sep 21, 2009 9:40 PM EDT reply actions  

Seems like you've put a lot of effort into this work, good stuff

Feel free to put it all into a FanPost, you can edit it after publishing as well

by James Kannengieser on Sep 21, 2009 10:16 PM EDT up reply actions  

OK, I'll probably do that

I might be able to create a widely used formula! Omar needs to wake up and smell the dirty laundry piling up…

Legend has it, that when the full moon strikes the pitchers' mound at a Mets game, Mr. Met turns into Evil Mr. Met...

by sj10689 on Sep 21, 2009 10:36 PM EDT up reply actions  

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