Thanks for the memories: baseball veterans' end-of-career salaries

Ira Horowitz and Christopher Zappe
Additional contact information
Ira Horowitz: The City University of Hong Kong, Kowloon, Hong Kong and The University of Florida, USA, Postal: The City University of Hong Kong, Kowloon, Hong Kong and The University of Florida, USA
Christopher Zappe: Bucknell University, Lewisburg, PA, USA, Postal: Bucknell University, Lewisburg, PA, USA

Managerial and Decision Economics, 1998, vol. 19, issue 6, 377-382

Abstract: It is well-established that a baseball player's salary is based on his performance, experience, star status, bargaining power, mobility and his team's ability to pay. This paper focuses on veteran players who are on the brink of retirement and on the determinants of their salaries. It is found that a veteran's end-of-career peak salary depends upon how his career performance, that his most recent performance is irrelevant unless he has spent his entire career with one team, and that the average veteran's salary peaks after 9 years in the Majors. A corollary inference is that general managers recognize and reward player performance over the long haul in comparison with others who have played at that player's principal position, and with a nod to how history will evaluate that player. © 1998 John Wiley & Sons, Ltd.

Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (7)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:19:y:1998:i:6:p:377-382

DOI: 10.1002/(SICI)1099-1468(199809)19:6<377::AID-MDE905>3.0.CO;2-K

Access Statistics for this article

Managerial and Decision Economics is currently edited by Antony Dnes

More articles in Managerial and Decision Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().