Not everyone is celebrating the loss of Michael Bush (news from PFT). He did a good job when Darren McFadden was injured and the Raider Nation really appreciates his fine performance. On Twitter, you can read that Matt Forte may not be pleased with Bush’s addition to the Bears’ roster.
Reportedly, Forte said, in summary, that he embraced competition as well as help, but he perceives that the Bears may not be taking care of their own and may be undervaluing a player under his market value. This comment recorded his perception of his situation with the Chicago Bears.
The question is how is market value determined? Is there a formula? If so, what is it and what variables are included in the equation?
Yes, there are immeasurables that also impact the production level of an NFL player.
One researcher sampled the high-priced running backs. There were graphs showing the correlation between performance and pay. There was a discussion of RB yards per carry by Cap Hit and RB rush yards by Cap Hit.
Forte’s data was in those graphs. The graphs are found on the Advance NFL Stats website.
Next it was discovered that some researchers have come up with a figure for the pay per total yard. The pay was $2289 per total yard. This means that for an expected production of 2000 total yards, a player could be worth $4.5 million per year in 2000 cap dollars.
This would be equivalent to $9 million in 2011 dollars. These estimates are focused on current market for top running backs.
This review of literature inspired research on the pay of Oakland Raiders in the past and for 2012. You can look forward to a more detailed discussion of the variables, formulas or algorithms that Reggie McKenzie and others may be using to determine the value of selected players.
Yes, there is mathematics and statistics in the discussion. An attempt to dilute the analytical parts of the formulas will be done. Our hope is that this study will be palatable and understandable to most RNT readers.
It is hoped that more insight into how those salaries are determined will be better understood by the Raider Nation fans. We are especially interested in understanding past and 2012 salary calculations to see if there will be correlations between production and pay.
You can look forward to these discussions.
Words from Mama Raider