Back seven or eight years ago, I picked up a book called Moneyball: The Art of Winning an Unfair Game by Michael Lewis. It focused on the Oakland Athletics and the team’s general manager, Billy Beane. Burdened by a lack of funds, Beane was struggling to win games against teams with way more money to pay players. But by 2002, during a season that saw his team set a century old record for consecutive wins, Beane had found a way.
Sabermetrics. The application of statistical analysis in order to evaluate and compare the performance of individual players. But not the traditional statistics. Beane and the A’s looked at a different set of statistics in ways that hadn’t been done before. This different way of thinking about baseball gave them a competitive advantage – they could find solid players that had been ignored by everyone else and so pay them less.
Win / win. A sweet team for less money.
The problem? Read more