Money Doesn't Count for Much in Baseball
Maybe this has been an atypical period. After all, in the 90s the big-spending Yankees dominated the titles.
But you'd think things would be getting more professional as time went on, and spending on players would become more efficient. It is, after all, four years since the publication of Michael Lewis' seminal Moneyball, which touched on this very subject.
The reality is that a small number of franchises typically dominate the money in baseball. And over the past seven years, only once -- in 2004 -- has a member of that plutocracy happened to carry home the prize. Usually it has been a team in the financial second tier.
In 2006 five teams spent more than $100 million each. But the champions weren't the Yankees, the Red Sox, the Angels, the White Sox or the Mets, but the $89 million Cardinals. In 2005, the victorious White Sox had a payroll smaller than 12 other teams. For the Angels in 2002, it was 14 other teams. Seven teams paid more than the 2001 Diamondbacks. As for the 2003 Marlins -- 24 teams earned more.We live in an era so dominated by money that even the phrase "there are some things in life that money can't buy" has become the multibillion dollar advertising slogan of a credit card company. So it is good to know it has its limits. Money will go a long way to get you to the postseason -- but after that, you're pretty much on your own.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV