Introducing Hot Stove Economics

I know I’ve hinted at this over the past few months, and it’s finally time to make the announcement about my new book:

Hot Stove Economics: Understanding Baseball’s Second Season


The final out of the World Series marks the beginning of baseball’s second season, when teams court free agents and orchestrate trades with the hope of building a championship contender. The real and anticipated transactions generate excitement among fans who discuss the merit of moves in the arena informally known as the “hot stove league.” In Hot Stove Economics, economist J.C. Bradbury answers the hot stove league’s most important question: what are baseball players worth? With in-depth analysis, Bradbury identifies the game’s best and worst contracts—revealing the bargains, duds, and players who are worth every penny they receive. From minor-league prospects to major-league MVPs, Bradbury examines how factors such as revenue growth, labor rules, and aging— even down to the month in which players are born—shape players’ worth and evaluates how well franchises manage their rosters.

1. Why Johnny Estrada Is Worth Kevin Millwood: Valuing Players as Assets

2. Down with the Triple Crown: Evaluating On-Field Performance

3. A Career Guide from Little League to Retirement: Age and Success in Baseball

4. Putting a Dollar Sign on the Muscle: Valuing Players

5. Duds, Deals, and Caveats: What Do the Estimates Reveal?

6. Winning on a Dime: The Best and Worst Managed Franchises of the Decade

7. Is C.C. Sabathia Worth $161 Million? Valuing Long Run Contracts

8. You Don’t Need a Name to Be Traded: Valuing Minor-League Prospects

The book also includes a an appendix of estimated values for every player in the majors. The release date is October 2010, just in time for the opening of next year’s hot stove league. I’m happy to be partnering with Copernicus—the publisher of Curve Ball—to publish the book.

Right now, I’m in the final stages of editing, so I’m going to be a bit slow in posting here over the next two weeks. But, I hope to be back to regular posting shortly. I will post updates as I have them.

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