Overpaying for free agents
- Hi all,
Nice group you have here. Lots of interesting discussions.
I'm an advanced ph.d. student in economics at UVA. I've had some
ideas about how to estimate demand for NBA free agents. (It isn't so
easy as looking at players' performance ratings; the team's other
pieces also have to be taken into account, and doing that properly
isn't as obvious as it might sound. In academic parlance, there is
an assignment problem in the market for NBA players.)
Measuring players' values would have two purposes: it would be
interesting to identify which players are the most overpaid or
underappreciated, and it would provide an objective "fair-market"
price for free agents. Additionally, it isn't so hard to imagine
forward-thinking NBA agents or general managers being willing to pay
for rigorous, objective statistical analysis to gain insight into
their annual summer swap meet.
Unfortunately, working on my dissertation is my first priority right
now, which is why I haven't carried out the project yet. But if
someone here is interested in coauthoring something on the topic,
please contact me.