Chicago Blackhawks, St. Louis Cardinals, Boston Bruins, New England Patriots, Tampa Bay Rays Lead Bloomberg Businessweek’s “Smartest Spenders in Sports” 2014 Ranking
“Efficiency Index” ranks how well all 122 franchises in the NFL, NBA, NHL, and MLB turned wages into wins over last five seasons
NEW YORK (April 24, 2014) – Today Bloomberg Businessweek released its Smartest Spenders in Sports 2014 ranking of all 122 franchises in the NFL, NBA, NHL, and MLB, rating them based on how much they spent in player payroll for every win during the last five seasons. The NHL’s Chicago Blackhawks come in #1 thanks to their five playoff trips, two Stanley Cups, and placing 13th in spending. The Blackhawks are followed by MLB’s St. Louis Cardinals at #2, NHL’s Boston Bruins at #3, NFL’s New England Patriots at #4, and MLB’s Tampa Bay Rays at #5. Coming in last on the ranking at #122 is MLB’s Chicago Cubs, with an average five-year payroll of nearly $120 million and no post-season victories during that time. The Smartest Spenders in Sports is online now at businessweek.com at http://buswk.co/
Bloomberg Businessweek’s Ira Boudway and Evan Applegate compared each team against the average price per win in its league to produce a score called the “efficiency index”: The less a team spends compared to its peers, the lower its score. Playoff victories and championships get extra weight. Boudway is available for interviews as well.
Payroll data come from the best available published sources. Season records included for the NHL and NBA were from 2008-9 to 2012-13; records included for the NFL and MLB were from 2009-13. Playoff wins count for 10 percent of a season (e.g., 16.2 wins in baseball); Wild Card wins get half credit; Championships count for 50 percent of a season (81 wins in baseball).
Rounding out the top 10 teams on Bloomberg Businessweek’s Smartest Spenders in Sports 2014 ranking after the #1 Chicago Blackhawks (efficiency index: -1.59), St. #2 Louis Cardinals (ei: -1.55), #3 Boston Bruins (ei: -1.50), #4 New England Patriots (ei: -1.46) and #5 Tampa Bay Rays (ei: -1.43) are: #6 NBA’s Miami Heat (ei: -1.39), #7 NFL’s Baltimore Ravens (ei: -1.38), #8 NFL’s Green Bay Packers (ei: -1.38), #9 MLB’s San Francisco Giants, and #10 MLB’s Texas Rangers. Joining the Chicago Cubs (efficiency index: 2.61) in the bottom 10 least efficient spenders are #121 NHL’s Edmonton Oilers (ei: 2.21), #120 NBA’s Washington Wizards (ei: 2.17), #119 NBA’s Minnesota Timberwolves (ei: 2.14), #118 MLB’s New York Mets (ei: 2.03), #117 NFL’s St. Louis Rams (ei: 2.02), #116 NFL’s Cleveland Browns (ei: 1.97), #115 NFL’s Washington Redskins (ei: 1.85), #114 NBA’s Sacramento Kings (ei: 1.60), #113 NHL’s Columbus Blue Jackets (ei: 1.56) and #112 MLB’s Chicago White Sox (ei: 1.53).
An interactive version of the Smartest Spenders in Sports 2014 index is available on businessweek.com. Readers can sort the rankings by league and adjust the weights with their own values to see how the rankings change.
NOTABLE FINDINGS FROM BLOOMBERG BUSINESSWEEK’S Smartest Spenders in Sports 2014:
MLB: Top team is the St. Louis Cardinals (#2); least efficient is the Chicago Cubs (#122)
NFL: Top team is the New England Patriots (#4); least efficient is the St. Louis Rams (#117)
NBA: Top team is the Miami Heat (#6); least efficient is the Washington Wizards (#120)
NHL: Top team is the Chicago Blackhawks (#1); least efficient is the Edmonton Oilers (#121)
Boston: Three Boston area teams make the top 25 – The Bruins at #3, Patriots at #4, and Celtics at #23 – while the Red Sox come in at #86, due to their lost 2012 season.
Chicago: Chicago teams claim the first and last spots on this year’s ranking – the Blackhawks are #1 and the Cubs are #122. The Bulls are #27, Bears are #57, and the White Sox are #112.
Los Angeles: The City of Angels sees the LA Kings at #13, Lakers at #18, Anaheim Ducks at #56, Clippers at #68, Dodgers at #80, and Angels at #102.
New York Area: No New York area teams rank in the top 30, and five of the area’s nine teams rank in the bottom half of the list. The New York Giants are #32, New Jersey Devils are #43, New York Rangers are #47, New York Jets are #50, Knicks are #77, Islanders are #91, Yankees are #92, Brooklyn Nets are #98, and the Mets are #118.
Washington DC/ Baltimore: Washington is the only market to have two teams in the bottom 10 slots: The Redskins are #115 – and one of the three worst franchises in the NFL – and the Washington Wizards are #120. The Baltimore Ravens are #7, Washington Capitals are #30, Washington Nationals are #58, and the Baltimore Orioles are #70.
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