From the course: Everyday Statistics, with Eddie Davila

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Baseball

Baseball

From the course: Everyday Statistics, with Eddie Davila

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Baseball

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- [Instructor] Baseball, perhaps the favorite sport of American statistics geeks. A sport that was upended by the book Moneyball, the story of how the Oakland A's used analytics to compete on a lean budget. The book not only inspired a statistical revolution in baseball, it inspired people in business, medicine, and many other walks of life to rethink their analytic space decision making. As the 2019 baseball season begins, let's take a look at the state of the money in baseball. How much are players paid? First, let's look at how players' salaries have risen over the last 40 plus years. Let's begin with 1975. 1975 was a pivotal year. It was the year free agency was instituted. In 1975, the average salary in the league was about $45,000 per year. By 1990, it shot up to nearly $600,000, and in 2010, the average salary was a bit over three million dollars per year. So, let's use salary and contract data from the 2018 season to see where things stand. Using USA Today's database of 877…

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