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Friday Links
— My latest Huffington Post column is now up. I discuss why Wins shouldn’t be used to evaluate pitchers. So, kudos to Law and Carroll for using the right criteria for making their Cy Young picks. It’s fine to disagree with their choices, but the reasoning behind their ...
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Cubs Sign Grabow
According to the Gordon Wittenmyer of the Chicago Sun-Times , the Cubs have agreed to a contract extension with John Grabow . It’s being reported to be for two years and for a total of “at least $7 million.” I’ve got him worth about $4 million over that span. I have to ...
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On Other Methods for Estimating Aging
sabernomics.com — My recent posts on my aging study have received a fair amount of criticism. There is no doubt that my study is imperfect, but all empirical researchers must make tradeoffs when selecting samples or choosing estimators. Small samples are sometimes ... (more) On Other Methods for Estimating Aging

More on Player Aging
More on Player Aging
sabernomics.com — Phil Birnbaum has a new theory as to why I’m wrong (I suspect it won’t be his last), and he links to others who think I’ve made the same mistake. This time, my sample is the problem. By choosing a sample of players from 24 — ... (more) More on Player Aging

How Do Players Age?
sabernomics.com — The last hot stove myth that I previously wrote about has to do with player aging. Players peak at 27 and old players are worthless — Players peak at 29 — 30. And just because a guy is past his peak doesn’t mean he’s not valuable. The aging process ... (more) How Do Players Age?

Defending Hakes and Sauer
It seems that I have upset a few people with one of my interview answers at Chop-n-Change , involving a paper by Jahn Hakes and Skip Sauer . Here’s a brief response that covers the criticism the paper has received (cross-posted in the comments). — — 1) The goal of Hakes and ...
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Links
— My radio interview on minor-league sports (softball and soccer) in Atlanta on WABE. — Alex Remington has posted an interview at Chop-n-Change where we discuss, what I’ve been up to, GM myopia, the Braves, and sabermetrics versus Sabermetrics. — My latest ...
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Tim Hudson’s Hometown Discount
The long-awaited announcement of Tim Hudson ’s new contract with the Braves has finally come. The terms guarantee Hudson $9 million a year over the next three seasons, plus a $1 million buyout of a team option for a fourth year. The fourth-year option also pays out $9 million, so the ...
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Huffington Post Sports
If you read The Huffington Post , you know that one of its deficiencies has been its lack of a sports section. Well, they agreed and have just launched one . I am excited to be a part of this venture and will be posting columns there. My first column is up (a reprint of my earlier blog post ...
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Trade(s) Is (Are) Mutually Beneficial
Continuing with my extended explanations of hot stove myths , today I discuss why trades tend to be win-win instead of win-lose. Rarely will you meet an economist who doesn’t like trade. And if you are a student of James Buchanan —as I am—you really like trade, because ...
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The Failure of Development Planning
There’s nothing like a high-profile example of things going wrong in a predictable manner. From WSJ : Now, four years after that decision gave Susette Kelo’s land to private developers for a project including a hotel and offices intended to enhance Pfizer Inc.’s nearby ...
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Testing Moneyball
sabernomics.com — Pizza Cutter posts an interesting bit of analysis on shifts in the labor market chronicled in Moneyball at The Hardball Times . Did Moneyball really have an effect outside of Oakland and the handful of teams that embraced Sabermetrics in the ... (more) Testing Moneyball

Are General Managers Myopic?
sabernomics.com — I continue my discussion of hot stove myths by focusing on the competence of general managers. Today, I explain why selling high and buying low are not reliable strategies. GMs can buy low and sell high — So, let me get this straight: you think ... (more) Are General Managers Myopic?

The Size of the Free Agent Pool and Competition
sabernomics.com — So, it seems that my post last week on hot stove myths created a bit of a stir. Since this is the case, I’ll devote a post to each of my contentions over the next few days. I’ll begin with the myth that is generating the strongest ... (more) The Size of the Free Agent Pool and Competition

Hardy for Gomez
sabernomics.com — The Brewers just completed a swap of J.J. Hardy for Carlos Gomez with the Twins. I initially liked this deal for the Twins, but after finishing the post I see why this deal makes sense for the Brewers. Hardy really had a bad year, last year. And ... (more) Hardy for Gomez
More Shortfalls in Stadium Revenue
The Gwinnett Stadium continues to “pay for itself from day one” as promised. How about a $168,000 shortfall? Patrick Fox writing in the AJC . The county, which had predicted $200,000 in revenue from parking proceeds this year, received a check for $9,188 to cover parking from ...
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Breaking Down the Hermida Deal
Yesterday, the Red Sox acquired Marietta’s own Jeremy Hermida ( his mayor is named Thunder, too ) from the Marlins for Jose Alvarez and Hunter Jones . Hermida is one of those guys from whom everyone expected great things; but, aside from a good 2007, he hasn’t lived up to ...
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Valuing Bobby Abreu
Yesterday, Bobby Abreu signed a two-year $19 million deal to remain with the Los Angeles Angels of Anaheim. Abreu is a good player and still has value as a hitter, good enough to make up for his an atrocious defense . The contract calls for two guaranteed years at $9 million a piece, with an ...
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Hot Stove Myths
sabernomics.com — Let me debunk a few common myths about baseball’s labor market as baseball’s second season begins. GMs can buy low and sell high — So, let me get this straight: you think you know when a player is playing above or below his true ... (more) Hot Stove Myths

Jon Garland’s Option, Sunk Costs, and the Divorce.
The Los Angeles Dodgers have declined their one-year $10 million option on Jon Garland . I estimate he’s worth around $7.5 million. Seems like the decision is a no-brainer, but it’s not. The Dodgers have to pay $2.5 million to buy out the option; thus, they could have had him for ...
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