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Fenway
05-11-2011, 10:45 AM
FORBES looks at who is 'underpaid'

#1 - Albert Pujols

http://www.forbes.com/2011/05/10/most-underpaid-baseball-players.html?partner=fbwall

soxfanatlanta
05-11-2011, 12:20 PM
As soon as I read VORP, I stopped.

TDog
05-11-2011, 05:24 PM
It's not really about baseball if it's in Forbes. It's more about finances and labor relations. In this case, it's even weak economics. If you're using VORP, this is like the answer to an exercise or story problem from a math or economics class. It's an exercise that has nothing to do with baseball.

A baseball team isn't a 19th century whaling ship where a group of men would go out on a profit-making venture, come back and distribute the gain among them according to their value. Even then, you couldn't sign on a good harpooner unless you promised him a large share. Baseball players play on contract, not on contingency. If you paid players according to their VORPs, assuming the total payroll is the players' share from the season, Puljos doesn't deserve more from the owners, but from teammates whose VORPs don't justify what they are being paid.

On top of this, there is a subjective element to VORP if you are using it to justify economic decisions. It comes from baseball statistical analysis and not from tested economic theory.

Daver
05-11-2011, 05:36 PM
It's not really about baseball if it's in Forbes. It's more about finances and labor relations. In this case, it's even weak economics. If you're using VORP, this is like the answer to an exercise or story problem from a math or economics class. It's an exercise that has nothing to do with baseball.



It's called mental masturbation.