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The Baseball Draft

Author

Listed:
  • Stephen J. Spurr

    (Wayne State University)

Abstract

This article provides an analysis of the baseball draft. The objective is to determine whether the ability to recognize talent, that is, a player who will reach the major leagues, varies with the position of the player across different baseball clubs or with the level of schooling attoined by the player when he is drafted. The data set is a choice-based sample, and the author uses econometric techniques specifically developed for such samples. It is found that in the long term, there is no statistically significant difference between clubs in terms of their ability to find major league prospects. Also, the value of one attribute, namely college experience, was underestimated by the market for a substantial period of time. Eventually, however, the value of college experience was assimilated by the market.

Suggested Citation

  • Stephen J. Spurr, 2000. "The Baseball Draft," Journal of Sports Economics, , vol. 1(1), pages 66-85, February.
    • Handle: RePEc:sae:jospec:v:1:y:2000:i:1:p:66-85
    DOI: 10.1177/152700250000100106
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    References listed on IDEAS

    as
    1. Simon Rottenberg, 1956. "The Baseball Players' Labor Market," Journal of Political Economy, University of Chicago Press, vol. 64(3), pages 242-242.
    2. MacDonald, Glenn M, 1988. "The Economics of Rising Stars," American Economic Review, American Economic Association, vol. 78(1), pages 155-166, March.
    3. Rosen, Sherwin, 1981. "The Economics of Superstars," American Economic Review, American Economic Association, vol. 71(5), pages 845-858, December.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Justin Sims & Vittorio Addona, 2016. "Hurdle Models and Age Effects in the Major League Baseball Draft," Journal of Sports Economics, , vol. 17(7), pages 672-687, October.
    2. Mario Lackner, 2010. "And most of us go Pro in something other than Sports - Hiring Preferences and their Effect on the Labor Market for Collegiate Football Players," Economics working papers 2010-10, Department of Economics, Johannes Kepler University Linz, Austria.
    3. Geoffrey N Tuck & Athol R Whitten, 2013. "Lead Us Not into Tanktation: A Simulation Modelling Approach to Gain Insights into Incentives for Sporting Teams to Tank," PLOS ONE, Public Library of Science, vol. 8(11), pages 1-10, November.
    4. Dennis Coates & Babatunde Oguntimein, 2010. "The Length and Success of NBA Careers: Does College Production Predict Professional Outcomes?," International Journal of Sport Finance, Fitness Information Technology, vol. 5(1), pages 4-26, February.
    5. Richard J. Paulsen, 2022. "Peer effects and human capital accumulation: Time spent in college and productivity in the National Basketball Association," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3611-3619, December.
    6. Jeff Borland & Mark Chicu & Robert D. Macdonald, 2009. "Do Teams Always Lose to Win? Performance Incentives and the Player Draft in the Australian Football League," Journal of Sports Economics, , vol. 10(5), pages 451-484, October.
    7. Boulier, Bryan L. & Stekler, H.O. & Coburn, Jason & Rankins, Timothy, 2010. "Evaluating National Football League draft choices: The passing game," International Journal of Forecasting, Elsevier, vol. 26(3), pages 589-605, July.
    8. Heather Mitchell & Constantino Stavros & Mark F. Stewart, 2011. "Does the Australian Football League Draft Undervalue Indigenous Australian Footballers?," Journal of Sports Economics, , vol. 12(1), pages 36-54, February.
    9. Akira Motomura, 2016. "MoneyRoundball? The Drafting of International Players by National Basketball Association Teams," Journal of Sports Economics, , vol. 17(2), pages 175-206, February.
    10. Seth R. Gitter & Thomas A. Rhoads, 2011. "Top Prospects and Minor League Baseball Attendance," Journal of Sports Economics, , vol. 12(3), pages 341-351, June.
    11. John D. Burger & Stephen J. K. Walters, 2009. "Uncertain Prospects," Journal of Sports Economics, , vol. 10(5), pages 485-501, October.
    12. Christopher Garmon, 2013. "Major League Baseball’s First Year Player Draft," Journal of Sports Economics, , vol. 14(5), pages 451-478, October.
    13. Michael A. Roach, 2022. "Career concerns and personnel investment in the Major League Baseball player draft," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 413-426, January.
    14. Jason A. Winfree & Christopher J. Molitor, 2007. "The Value of College," Journal of Sports Economics, , vol. 8(4), pages 378-393, August.
    15. Chandler Gabriel & Stevens Guy, 2012. "An Exploratory Study of Minor League Baseball Statistics," Journal of Quantitative Analysis in Sports, De Gruyter, vol. 8(4), pages 1-28, November.
    16. Borland, Jeff & Lee, Leng & Macdonald, Robert D., 2011. "Escalation effects and the player draft in the AFL," Labour Economics, Elsevier, vol. 18(3), pages 371-380, June.

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