BOSTON (CBS) — Whether it be through sports radio, on television or in print, the discussion of how sports teams spend their money can sometimes provide more fodder than the actual games.
It’s interesting, then, to note that when it comes to the local teams, three of the four are spending their money very, very wisely (and one is spending its money rather recklessly).
Businessweek released its list of the “Smartest Spenders in Sports,” using a formula that calculates how much franchises in the four major sports leagues have spent per win over the last five years.
The list has the Tampa Bay Rays as the smartest spenders in all of sports with a negative-1.8198 efficiency rating.
Not far behind, though, are the Boston Bruins at No. 6 (negative.1.3156), the Boston Celtics at No. 7 (negative-1.2974) and the Patriots at No. 8 (negative-1.1751).
The study shows the Bruins have spent about $4.5 million more than other NHL teams but have averaged 4.6 more victories and 4.29 more playoff victories than the average NHL team.
The Celtics spend $10 million more than the average team but average nearly 15 more wins and eight more playoff wins.
The Patriots spend just $2.3 million more than the average NFL team but win 4.81 more victories and 0.46 more playoff victories per season. Of the trio, the Patriots are the only team to not have won a title in the past five years, though they have made it to two Super Bowls.
That’s all the good news. The bad news comes from the Boston Red Sox, who ranked 70th out of 122 teams with a negative-0.0073 efficiency rating.
According to the report, the Red Sox spend $57.4 million more than the average MLB team while averaging 10.96 more regular-season victories and 2.12 more postseason victories.
It’s not great for the Red Sox, but hey, it’s better than the Yankees, who ranked 99th and spend $111.8 million more than the average team.