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Team Payroll Versus Performance in Professional Sports: Is Increased Spending Associated with Greater Success?

by Grant Shorin Abstract  Professional sports are a billion-dollar industry, with player salaries accounting for the largest expenditure. Comparing results between the four major North American leagues (MLB, NBA, NHL, and NFL) and examining data from 1995 through 2015, this paper seeks to answer the following question: do teams that have higher payrolls achieve greater […]

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