Date

Spring 2022

Document Type

Paper

Department

School of Business

Faculty Advisor

Mitchell Priestley

Abstract

This study is evaluating how much a Major League Baseball player should earn in salary based on their WAR (Wins Above Replacement) metric while controlling for a player’s veteran status and their current team’s market size. All data analyzed in this study was collected from the 2021 baseball season. The population of this study consisted of 213 MLB players that played in at least eighty games throughout the 2021 season. We hypothesized that if a player has veteran status, their team has a large market size, and they produce a high WAR metric that it will result in the player earning a larger salary. Our results did in fact support our hypothesis, and the strongest correlation within our regression analysis was between WAR and the market size of a Major League Baseball team.

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