Historical Relationship Between Money And Wins
I’m not going to say too much about this article by Dave Studeman, mostly because the information in it stands on its own. Just go read the thing, especially if you’ve become convinced that the answer to all the Mariners problems is “raise payroll”.
For those who prefer summaries, though, here’s the conclusion:
So here’s the point: Wins and salaries are closely tied, but the relationship between the two has changed over time. There is no doubt that some of the change has been random, or the simple result of individual team successes and failures, but some of it also seems to be related to structural changes in the game. The current state of the game? Despite the outrageous spending ways of the Yankees, it’s settled into a pattern that is more competitive than any previous time period, other than the years of collusion.
Once you factor in the extra playoff spots that have been added, it becomes clear that lower profile teams now have a better chance of walking away with a World Series title than at any point in recent history. When people complain about the lack of parity in baseball, or talk about how the game is rigged to reward those teams who simply outspend their opponents, they’re just speaking from a position of ignorance.