Diamond Dollars: The Economics of Winning in Baseball

From Amazon.com:[1]

Diamond Dollars is a fresh, provocative, insightful, and analytical look at the business of baseball. Using the win-revenue relationship as a foundation, author Vince Gennaro delves deeply to explain how a teams level of competitiveness impacts the value of its players, to explore how a well-developed farm system contributes to a teams economic value, and to discuss some recent business trends, such as team-owned regional sports television networks.

In doing so, Gennaro answers a number of questions that speak to baseballs bottom line. How does winning affect revenues for each team? What is a players economic value to his team? Why does a berth in the postseason have great economic value? What is the economic value of a productive farm system? Does competitive balance exist in baseball today? He also examines the differences in small-market and large-market teams, discussing how economic and revenue opportunities vary, and highlighting the New York Yankees and the Boston Red Sox and their methods.

The book Moneyball was a breakthrough for baseball because it unveiled inefficiences in the way talent was evaluated. In a similar fashion, Diamond Dollars addresses the inefficiency in the way players are compensated and delivers an unparalleled inside look at the economics of baseball today. For more information, including detailed reviews and interviews with Vince Gennaro, please log onto [2]Maple Street Press's website.