Diamond Dollars: The Economics of Winning in Baseball

Diamond Dollars: The Economics of Winning in Baseball

Diamond Dollars is a fresh, provocative, insightful, and analytical look at the business of baseball by author Vince Gennaro, a consultant to MLB teams. Gennaro addresses some key questions that affect how teams make decisions, how they assemble their roster, and ultimately, their bottom line: * How does winning affect revenues for each team? * How much value does a berth in the postseason generate for the Red Sox and Yankees? * What is the Yankeesâ€™ marginal revenue vs. marginal cost of winning? * What is the economic value of a highly productive Twinsâ€™ farm system? * Why is a playerâ€™s value â€œsituationalâ€, depending on the competitiveness of his team and the market in which he plays? * How much was Carlos Beltran worth to the Mets in 2006? * How can we quantify Derek Jeterâ€™s â€œmarquee valueâ€â€¦his ability to draw fans? * What is the relative cost of developing talent vs. buying it in the free agent market? * How can we quantify Nomar Garciaparraâ€™s injury risk and its impact on his dollar value? * What is the dollar value of Cubsâ€™ fans loyalty to their beloved team? * How have the Red Sox, Yankees and Cubs built their team as a brand? * How much Babe Ruth was worth to his Yankee teams of the 1920s and 1930s? Baseball teams may have thought conceptually about some of these issues, but Diamond Dollars gives them the math to measure the effectiveness of their thinking and practices. â€œDiamond Dollars provides an insightful look at the business of baseballâ€”at the free agent market, teamsâ€™ scouting and player development systems, and how clubs market their brands. The book mixes Vinceâ€™s business acumen as a top executive at a Fortune 50 company with his passion for the national pastime.â€ --Mark Attanasio, Chairman and Principal Owner, Milwaukee Brewers â€œVince Gennaro shows a profound understanding of the economics of a teamâ€™s baseball decisions. His analyses of a teamâ€™s win-revenue relationship, the player development system and player valuation, make for a remarkably innovative examination of the baseball front office model thatâ€™s just as informative for a baseball executive as for a fan.â€ --Chris Antonetti, General Manager, Cleveland Indians â€œDiamond Dollars offers up exciting and stimulating new ideas about the business of baseball. It provides a set of metrics for decisions that have typically been a â€œgut feelingâ€ for many organizations. I think teams should make this required reading for everyone in their organizations.â€ --Jim Beattie, former Executive VP and General Manager, Baltimore Orioles and Montreal Expos â€œVince Gennaro has written the best book Iâ€™ve read on the business of baseball. It serves as both a â€œhow-to manualâ€ for baseball owners and a tour guide for fans who scratch their heads at the things their teams do. It should find plenty of readers in both camps.â€ --Dave Studenmund, Editor, The Hardball Times Annual
Country USA
Brand CREATESPACE
Manufacturer CreateSpace Independent Publishing Platform
Binding Paperback
ItemPartNumber black & white illustrations
UnitCount 1
EANs 9781494371845
ReleaseDate 0000-00-00

Country	USA
Brand	CREATESPACE
Manufacturer	CreateSpace Independent Publishing Platform
Binding	Paperback
ItemPartNumber	black & white illustrations
UnitCount	1
EANs	9781494371845
ReleaseDate	0000-00-00

Diamond Dollars: The Economics of Winning in Baseball

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