The terms "underpaid" and "overpaid" suggest a grading of performance based on the value paid for that performance.
In Major League Baseball, with the rapid increase in salaries over the past two decades, value is has become an all-important commodity. Small- and mid-market teams especially consider a player's overall value according to performance as they carefully manage their budgets.
Based on last season's performance, we will assess each MLB team's most underpaid and overpaid player. It's not an exact science, so value can be interpreted in different ways. But in most cases, a player's overall performance will dictate their outcome.