Eliminating Teams Using the Thome Corollary
In the first chapter of his (excellent!) Big Data Baseball, Travis Sawchick describes how now-Pittsburgh Pirates General Manager Neal Huntington used an interesting bit of historical analysis to help inform a controversial roster move. Writes Sawchick:
Using the software [DiamondView], the Indians made key decisions, such as when they elected not to sign aging star Jim Thome to an extension after the 2002 season, in part because of the database, the Cleveland Plain Dealer reported. […] Huntington noted that the Indians found in a payroll analysis that no major league club, dating back to 1985, had won a World Series when committing 15 percent or more of its payroll to one player.
Let’s call that 15% rule The Thome Corollary.
Has The Thome Corollary held up in the years since 2002, when price tags for choice free agents and franchise cornerstones has escalated at a rate far greater than your journeyman’s/rookie’s salary? The answer is: “No, The Thome Corollary has not held up,” or, “Yes, it sure has, with some small tweaks.”