Diamond Dollars: The Economics of Winning in Baseball - Hardcover

Gennaro, Vince

Hardcover

ISBN 10: 0977743632 ISBN 13: 9780977743636

Publisher: Pub. by Maple Street Press, Dist. by Potomac Books, 2007

Synopsis

Diamond Dollars is a fresh, provocative, insightful, and analytical look at the business of baseball. Using the win-revenue relationship as a foundation, author Vince Gennaro delves deeply to explain how a team’s level of competitiveness impacts the “value” of its players, to explore how a well-developed farm system contributes to a team’s economic value, and to discuss some recent business trends, such as team-owned regional sports television networks.

In doing so, Gennaro answers a number of questions that speak to baseball’s bottom line. How does winning affect revenues for each team? What is a player’s economic value to his team? Why does a berth in the postseason have great economic value? What is the economic value of a productive farm system? Does competitive balance exist in baseball today? He also examines the differences in small-market and large-market teams, discussing how economic and revenue opportunities vary, and highlighting the New York Yankees and the Boston Red Sox and their methods.

The book Moneyball was a breakthrough for baseball because it unveiled inefficiences in the way talent was evaluated. In a similar fashion, Diamond Dollars addresses the inefficiency in the way players are compensated and delivers an unparalleled inside look at the economics of baseball today. For more information, including detailed reviews and interviews with Vince Gennaro, please log onto Maple Street Press's website

A publication of Maple Street Press, distributed by Potomac Books, Inc.

About this title

From the Publisher:

"Diamond Dollars provides an insightful look at the business of baseball--at the free agent market, teams' scouting and player development systems, and how clubs market their brands. The book mixes Vince's business acumen as a top executive at a Fortune 50 company with his passion for the national pastime." --Mark Attanasio, Chairman and Principal Owner, Milwaukee Brewers

"Vince Gennaro shows a profound understanding of the economics of a team's baseball decisions. His analyses of a team's win-revenue relationship, the player development system and player valuation, make for a remarkably innovative examination of the baseball front office model that's just as informative for a baseball executive as for a fan." --Chris Antonetti, Assistant General Manager, Cleveland Indians

"Diamond Dollars offers up exciting and stimulating new ideas about the business of baseball. It provides a set of metrics for decisions that have typically been a "gut feeling" for many organizations. I think teams should make this required reading for everyone in their organizations." --Jim Beattie, former Executive VP and General Manager, Baltimore Orioles and Montreal Expos

"Vince Gennaro has written the best book I've read on the business of baseball. It serves as both a "how-to manual" for baseball owners and a tour guide for fans who scratch their heads at the things their teams do. It should find plenty of readers in both camps." --Dave Studenmund, Editor, The Hardball Times Annual

About the Author:

Following a highly successful twenty-year career at Pepsico, where he was president of a billion-dollar division, Vince Gennaro is currently a consultant to Major League Baseball teams. His innovative analytical work on the business and economics of baseball has been featured in the New York Times and he has written for The Hardball Times, Boston Baseball, the Maple Street Press 2006 Red Sox Annual, and the Baseball Research Journal. He recently authored his first book, Field of Dreamers: Tales From Baseball Fantasy Camp. A member for the Society for American Baseball Research, Gennaro holds a master’s degree from the University of Chicago. He resides in Purchase, New York.

About this edition

• Publisher: Pub. by Maple Street Press, Dist. by Potomac Books
• Publication date: 2007
• ISBN 10: 0977743632
• ISBN 13: 9780977743636
• Binding: Hardcover
• Edition number: 1
• Number of pages: 253