By using advanced baseball statistics, it’s possible to predict the monetary value of baseball players' future contributions — and avoid awarding massive multiyear contracts to players whose best days are behind them, according to new research from the Robert H. Smith School, at the University of Maryland.
In this edition of Smith Business Close-Up with the University of Maryland’s Robert H. Smith School of Business, Sean Barnes talks about this new research. Barnes and Margrét Bjarnadóttir, assistant professors in the Smith’s department of decision, operations and information technologies, examined the performance of impending free agent MLB players from 1998-2014 to determine whether they players’ contributions to their teams measured up to their salaries.
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