MRP and Sports:

Using data from professional baseball, the following estimates were obtained for the marginal revenue of various production statistics:

Hit $28,852.60

Home Run $208,285.00 (in addition to the value of the hit)

Offensive Walk $36,165.40

Offensive Strike Out -$23,956.20

Using these numbers, estimate the marginal revenue product of the following baseball players.

a. For each player, calculate the estimated total value to team owners and the rents each player generated for their team (i.e., $Rents = $Est. MRP - $Salary). Enter your calculations in the table above.

b. Given your calculations, do you think baseball player salaries are too high? Explain.

c. Thinking about MRP and your calculations above, why are NBA players paid more than athletes in other sports?

d. What will the impact on player salaries be if a professional sports league with free agent players decided to relocate one of its teams? Think in terms of MRP and explain your answer fully.

Here is the data I found, this is the only data that the teacher asked we find, no need for strike out, etc like the commenter said.

Player	Hits	HR (Homerun)	Walks	Strikes
Manny Machado	189	14	29	113
Evan Longoria	165	32	70	162
Troy Tulowitzki	139	25	57	85
Paul Goldsmidt	182	36	99	145
Jay Bruce	164	30	63	185
Dustin Pedoria	193	9	73	75
Ryan Braun	191	41	63	128

Year Player Team Salary Estimated Owner MRP Rents $495,000 Orioles 2013 Manny Machado 2013 Evan Longoria S6,000,000 Rays $510,000 Angles 2013 Mike Trout $10,000,000 2013 Troy Tulowitzki Rockies 2013 Paul Goldschmidt Diamondbacks $500,000 $7,541,667 Reds 2013 Jay Bruce Red Sox $10,250,000 2013 Dustin Pedroia $7,000,000 Brewers 2012 Ryan Braun Note that 2012 was used for Ryan Braun instead of 2013 since he was suspended for a significant portion of the 2013 season