Fangraphs: Payroll and Wins

[weams]

http://www.fangraphs.com/community/does-payroll-matter-part-i/

Money in baseball has been an infinite source of criticism. In MLB, there is no salary cap as in other major sports, and luxury tax is relatively recent. Media has made us believe that the small fish (e.g. small-market teams) will always be eaten by the big one (e.g. big-market teams). The Kansas City Royals' performance during the last couple of years, along with the tricky and often misunderstood Moneyball concept, has brought back salary to the newspaper headlines even though it is safe to say the Royals were not even a low-end payroll team. In any case, this post is an attempt to see if popular beliefs regarding money, power and on-field performance pass the numerical test.

Largest Payroll in Orioles history. By SO very much.