The bloggers here at The Sports Economist will all know Professor Steve Walters of Loyola University here in Maryland. Steve has signed on to advise new Orioles GM Dan Duquette “to help quantify players’ financial values to the team.” He had a similar role when Duquette was with the Red Sox.
To learn a bit more, read here. My favorite tidbit from the article is: “He has already provided financial valuations — based on an undisclosed formula“. Does anyone think it might be related to marginal revenue product?
Congratulations to Steve. As a long suffering Orioles’ fan, I deeply hope the team takes his advice.