Hey folks. Sorry to keep you all at bay these past couple of weeks. IceBat was…sick.
Another final report I wrote was based on MLB Free Agent contracts, and how or if we can model their outcomes based on prior years’ performance. The contract terms I used as response variables were contract length (in years) and average salary per season. I also focused on hitters and how metrics like Batting Average, On-Base Percentage, Home Runs, or even advanced ones like Wins Above Replacement (WAR) can help us see what the market is favoring and at what price. The reason to use different sources of metrics is to see what MLB Executives are listening to: traditional statistics or those advanced ones used by the Sabermetric community? Using models like this can also have some predictive powers.