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Record W2038267997 · doi:10.1353/nin.2014.0008

New York, New York: A Financial History of Two Baseball Teams

2014· article· en· W2038267997 on OpenAlexvenueno aff
Michael Haupert

Bibliographic record

VenueNine · 2014
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicSports Analytics and Performance
Canadian institutionsnot available
Fundersnot available
KeywordsLeagueChampionVictoryFranchiseLiberian dollarValue (mathematics)SuperstarEconomic historyHistoryGloryManagementPolitical scienceEconomicsBusinessFinanceLawMarketingArt historyMathematicsPolitics

Abstract

fetched live from OpenAlex

New York, New YorkA Financial History of Two Baseball Teams Michael Haupert (bio) In 2012, the New York Mets turned fifty. In March of that year, Forbes magazine published their annual valuations of Major League Baseball (mlb) franchises. They estimated the New York Mets to be worth $719 million and the Yankees $1.85 billion. The value of the Yankees franchise is second only to that of the Dallas Cowboys ($2.1 billion) among North American team sports franchises.1 In 2011, the Yankees, boasting a roster studded with All-Stars earning a collective $210 million, won the American League Eastern Division title with a record of 97–65. The Mets, meanwhile, finished in fourth place, twenty-five games behind the Phillies. The billion-dollar difference in franchise value between the teams is the greatest it has ever been in the fifty-year existence of the Mets. This is a story about the value of these two franchises. How do they compare over time, and why do they differ by so much? Why do two teams, both located in the biggest baseball market in the country, seem to have experienced such different fates? the mets and yankees in new york On April 11, 1962, the New York Mets made their inauspicious debut, losing to the St. Louis Cardinals, 11–4. Twelve days later, after an 0–9 start, they earned their first victory. Meanwhile, across town the defending World Series champion Yankees opened the season with a victory. The Mets went on to one of the worst seasons in mlb history in 1962, while the Yankees went on to win another World Series title.2 The history of the New York Mets really begins with the departure of the Giants and Dodgers after the 1957 season. The void left by the transfer of these two nl squads to California begged to be filled. In fact, it was almost filled by another league altogether—the Continental League. The Mets and the Houston [End Page 68] Astros were expansion franchises awarded in an effort to thwart the realization of that league. The early Mets were a reflection of the crosstown Yankees, in no small part due to the hiring of disgruntled former Yankee general manager George Weiss as club president. Weiss’s hiring was a result of the reluctance of principal owner Joan Payson to meet the demands of first choice Branch Rickey. Ironically, Rickey was the mastermind behind the Continental League that spawned the Mets. Other Yankee personnel to join the Mets included Johnny Murphy, Gil McDougald, Whitey Herzog, and the coup de grace, manager Casey Stengel, the man who came to personify the early Mets.3 As an expansion franchise, the Mets were certain not to challenge the defending National League champion Cincinnati Reds, so they had to attract fans in some other way. The hiring of the eccentric Stengel was one such move. The Mets stocked their early roster with recognizable names as another way to draw fans to the park. They had aging stars Gil Hodges, Richie Ashburn, Gus Bell, and Gene Woodling, as well as former Brooklyn favorites Charlie Neal, Don Zimmer, Roger Craig, and Clem Labine. Unfortunately, they had to play their first two seasons in the crumbling Polo Grounds, until Shea Stadium could be completed in time for the 1964 season. The 1962 Mets are legendary for their incompetence. They set an mlb record for losses, with a 40–120 record, and en route endured performances from legendary players such as Rod Kanehl, who could play every position but none of them well, and catcher Choo Choo Coleman, whose main skill was chasing passed balls. Shortstop Elio Chacon’s lack of English extended to “I’ve got it,” resulting in frequent collisions with other players. And then there was Marv Throneberry, the first baseman whose fielding and base-running faux pas became the most enduring emblem of the early Mets.4 The Mets lost more than one hundred games in five of their first six seasons. Despite this level of futility, however, attendance at Mets games rose dramatically beginning in 1964, when they abandoned the Polo Grounds and started playing at Shea Stadium. In...

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesInsufficient payload (model declined to judge)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: Not applicable
GenreCandidate signal: Other · Consensus signal: none
Teacher disagreement score0.438
Threshold uncertainty score0.989

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0120.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.036
GPT teacher head0.202
Teacher spread0.167 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

Study designNot applicable
Domainnot available
GenreOther

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2014
Admission routes1
Has abstractyes

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