Showing posts with label Math Is Hard. Show all posts
Showing posts with label Math Is Hard. Show all posts

Thursday, February 28, 2019

Phillies Finally Sign Harper and Surprise, It Makes Sense.

So the Phillies finally got their man, wrapping up generational talent Bryce Harper for 13 years and $330M. It's the biggest contract ever (though not the highest AAV), and this is causing some otherwise sensible people to lose their minds.
Before we get into the crazy, let's make one thing clear. The Phillies can afford this. They can afford this and the Andrew McCutcheon deal and the David Robertson deal and the Aaron Nola extension. If they had decided to go that way, they could have afforded Manny Machado's deal on top of it, and probably whatever Dallas Kuechel gets, too. They are a lone team in one of the biggest markets in the country, with a sweet cable deal that's a license to print money. They can afford to spend money to put better players on the field. (Which, history has shown time and again, leads to more butts in seats, more shirseys sold, and more $10 beers getting guzzled at the ballpark, i.e. more profit.)
The main objection to the Phillies - freely and of their own accord - paying Harper this money is that it's a lot of money. To which I say yes, yes it is and it's doing what a baseball team's money is supposed to be doing - paying players, who happen to be the product. (We'll leave the real estate conglomerate that is the Atlanta Braves alone for the moment.) What else exactly should a team be doing with its money? Hoarding it for a rainy day? Trust me, they're not going to turn it into cheaper seats and beers. Keeping it in the owner's hands so they can buy a Dan Snyder-style mega yacht? Surely that can't be what people are actually rooting for.
No, the Phillies did what they were supposed to - they took their revenues and plowed them back into the product, with an eye towards competitiveness and the profitability that comes with it. By shrieking about the size of the contract, all the various voices are doing is demonstrating a lack of understanding of basic economics.

Saturday, October 29, 2016

Why NFL Ratings Are Down

I've got the secret. Are you ready for it?

It's not weird start times of games from London. It's not Colin Kaepernick, no matter what your cranky uncle might say. It's not any of the million and one convoluted reasons people are coming up with to avoid the simple truth.

Saturday, July 30, 2016

Great Moments In Sports Talk Radio, Conspicuous Consumption Division

Scanning the dial the other night - yes, I still do that - I came across a standard "best of/worst of" segment. Everybody does these. They're the radio equivalent of a bunt against the shift, easily available if not terribly exciting.

Sunday, February 15, 2015

On The Weapons-Grade Stupid In Wisconsin

The proposal from legally dubious Gov. Walker of Wisconsin to pay for a new stadium for the Milwaukee Bucks is in, and in any just or sane world it would provoke hysterical laughter. In so many words, it calls for the "athlete tax" - income taxes from pro athletes plying their trade in Wisconsin - to back $220M in bond revenues that can then be handed to the Wall Street vampires who bought the team. In return, the vampires in question, who have been drumming up support for this nonsense by bestowing tiny ownership slivers in the Bucks around town, will agree to take that money and not move the team. In other words, they will take $220M in arena bonds to continue to make money by largely doing nothing.

Saturday, February 01, 2014

On Gambling

They did not build this by losing money to your Uncle Hector
and his "Foolproof betting method"
Once upon a time, when Dr. Mrs. The Sportsthodoxy and I were on our honeymoon, I took her to a casino. More accurately, we were on a cruise ship that had a casino on board, and our first day out of port they had a "get to learn how to play casino games" briefing for all us benighted souls on board. We bounced from table to table, with Dr. Mrs. The Sportsthodoxy, who is a PhD. statistician, making a few cutting comments about how efficiently the various games were designed to separate you from your cash, and how foolish various maneuvers seemed to anyone who understood basic probability theory.

Sunday, December 01, 2013

Mad Dog Down

Greg Maddux will not be the first baseball player unanimously elected into the Hall of Fame.

It's not that he's not worthy, whatever that means. And for all the high-horse maundering about how if Ty Cobb didn't get voted in unanimously then ain't no one going in unanimously, that's not what's going to do it. Because even the most self-righteous of Hall of Fame voter types loves them some Maddux, with his Mickey Mouse watch and his glasses and his ne'er a whiff o' steroids and his command (which is the sort of thing baseball writers dream about having when they finally realize they'll never through 98 with movement).