In the inaugural issue of the mildly confusing Portfolio, Conde Nast’s new business magazine, Michael Lewis has a story about a “Jock Exchange” that would function like much like the stock exchange. As is almost always the case when Lewis references baseball, the piece is heavy with references to the Oakland A’s. And as is increasingly the case, many of these references are out of date and are used to illustrate points that might have been true four or five years ago, but aren’t any longer.
To wit: the A’s are not “by far the most cost efficient team in baseball,” as Lewis says: since 2001, the Florida Marlins have paid approximately $488,000 per win, while the A’s have paid about $525,000 (and the Twins approximately $542,661). Lewis credits this incredible cost efficiency largely to the work of Paul DePodesta, who left the A’s “first to become the general manager of the Los Angeles Dodgers and then the San Diego Padres’ special assistant for baseball operations.” Left unmentioned is the fact that DePodesta was fired after two years as the GM of the Dodgers…having spent more than twice as much as the Marlins, A’s, or Twins on each L.A. win.
Lewis is a great writer, and Moneyball is inarguably one of the best books ever written about baseball. He’d be doing himself a favor if he let it stand for itself and stopped writing pieces that use increasingly outdated research to do current articles.*
* Note: hopefully I will follow this advice.