Book Review: The Extra 2%

The Extra 2%

How Wall Street Strategies
Took a Major League Baseball Team from Worst to First
 
by Jonah Keri
 
A Baseball Book Review
Monte Cely
(512) 310-9777
                                               
            The Extra 2% is the history of the Tampa Bay Rays franchise, with emphasis on the current ownership group and their strategies to improve the financial and on-field results of the club.   
 
            The book recounts the Tampa/St. Pete area’s earlier failed attempts to lure an MLB franchise, the construction of Tropicana Field “on speculation”, the trials of the Devil Rays’ original ownership group, and the current ownership and operations of the club by Stuart Sternberg, Matt Silverman and Andrew Friedman. Also included are a profile of Joe Maddon, background on the club’s sabermetricians, and insight into the politics and demographics of Tampa versus St. Petersburg.
 
            This book compares favorably with Moneyball, although the subjects of The Extra 2% were apparently much more guarded as to what their strategies actually are. The author loves the term “arbitrage”, so almost all player evaluation and game-decision tactics are referred to as arbitrage even when they’re not adequately explained. I felt the Wall Street analogies were a stretch.
 
            Keri is balanced in his treatment of MLB and team ownership, pointing out the pros and cons of topics such as revenue sharing, stadium financing, and opaque financials. The discussion of area politics and attitudes is enlightening – for instance, he posits that most Tampa folks are Yankees fans (due to the Yankees spring training site and the Steinbrenners’ base of operations being there).
 
            Overall, this book has a great story to tell and does a good job of telling it. Any SABR member interested in the worst-to-first story of the Tampa Bay Rays will enjoy The Extra 2%.     
           
Here are the key statistics:
Book: The Extra 2%
Author:  Jonah Keri
Author’s Credentials: Co-author of Baseball Between the Numbers; contributor to Baseball Prospectus, the New York Times, the Wall Street Journal, and Investor’s Business Daily. Currently lead baseball analyst for Bloomberg.
Published: 2011, Ballantine Books/ESPN Books; ISBN: 978-0-345-51765-4
Length: 253 pages. 
Price: Retail list – $26.00; Online – from $16.00 (new) + shipping.

 

 

Not all no decisions are created equal

“Not all no decisions are created equal” is a PowerPoint presentation given by Gilbert D. Martinez at SABR 41 on July 8, 2011, in Long Beach, California.

You can download the presentation for viewing on your computer by clicking here.

Special thanks to Cy Morong and Monte Cely for their input, feedback and support, and to the Rogers Hornsby Chapter.

July Meeting

We will be gathering at Iron Works BBQ located at 100 Red River in downtown Austin on Tuesday, July 19 starting at 6:00 p.m. 

There is a small parking lot on-site, a larger lot on the south side of Cesar Chavez plus large pay lots across the street to the east.  Please RSVP to Jan Larson at jan.a.larson@gmail.com if you plan to attend.

Also mark your calendars for Monday, August 8th when we make history as we gather at the Dell Diamond to watch the Express take on the Tacoma Rainiers.  More details to come.

June Meeting Wrap-up

Fifteen members and guests of the Rogers Hornsby SABR chapter met Saturday, June 25 at Salt Lick in Round Rock for BBQ and then enjoyed an evening of baseball at Dell Diamond.

There was a large crowd at the game, partly due to it being Nolan Ryan bobblehead night.  Although it was hot, our seats were in the shade and there was a pleasant breeze at the ballyard.  The hometown nine sent the fans home happy with a run in the bottom of the ninth to defeat the Oklahoma City Redhawks 4-3.

Discussion topics included the MLB standings at mid-year, who’s hot and who’s not, movements in Predictatron, the probability of Ichiro reaching 200 hits this year, prospects for the Astros franchise moving forward, and preparations of chapter members for attending the SABR National Convention in July.  Gilbert Martinez reported that his presentation on pitcher "no-decisions" has been accepted and he’s on the agenda at the Convention.

Speaking of Ichiro, Frank Rechtorovic presented Gilbert with a framed Japanese newspaper page picturing Suzuki in his days with the Orix Blue Wave.  Frank had kept this from an army tour of duty in Japan in the ’90s.

A big "Thanks" to Jan Larson for arranging the dinner and game tickets!  This was the 55th consecutive month that the Hornsby chapter has held a meeting.  A meeting date and location for July will be announced shortly.

 

Rogers Hornsby Chapter Annual Report for 2010

The Rogers Hornsby Chapter, serving Central and South Texas, continued its strong streak of monthly meetings, hosted a successful winter meeting and watched minor league baseball and Major League playoff games in 2010, the fifth year since the chapter was founded.

During the year, the chapter met monthly, extending its consecutive monthly meeting streak to 49 consecutive months with a meeting. The chapter also recognized SABR Day in January with a dinner gathering in which baseball memorabilia and stories were shared.

Earlier that month, the chapter hosted the Fourth Annual Winter Meeting at historic Old Main on the Texas State University campus in San Marcos, Texas. Thirty-four members and guests enjoyed a visit from Houston Astros Broadcaster Bill Brown, who shared an essay titled “The Greatest Game in Astros History,” which was about the thrilling 18-inning Astros playoff win against the Atlanta Braves in the 2005 National League Division Series.

Norman Macht, Hornsby chapter member, a former SABR board member and author of “Connie Mack and the Early Years of Baseball,” shared audio clips from his interview with Ted Lyons, a 21-year veteran with the Chicago White Sox who was inducted into the National Baseball Hall of Fame in 1955.

There was also a lively panel discussion with Gene Watson, coordinator of professional scouting for the Kansas City Royals; Mike Capps, the voice of the Round Rock Express and recipient of the 2009 Broadcaster of the Year from BallparkDigest.com; and Jim Baker, Hornsby chapter member and former columnist for ESPN.com and Baseball Prospectus.

Other presentations included one by Dr. Fred Worth, a mathematics professor from Henderson State University in Arkadelphia, Arkansas. He shared stories and photos of baseball player gravesites, including several notable ones in Central Texas. He also brought a binder with photos of graves he has visited. His endeavor is to visit, photograph and mark by GPS gravesites of players, managers and umpires associated with Major League Baseball.

Scott Barzilla, an active member of the SABR Larry Dierker Chapter in Houston, talked about his research, which combines statistical measures of baseball players such as win shares (WS), wins above replacement player (WARP), wins above replacement (WAR), plus those values at the player’s peak. The result is a list of players by position that attempts to quantify a player’s value as compared to other players. This research served as the basis for his book, “The Hall of Fame Index,” published in November 2010.

In addition to the Winter Meeting, the chapter took in a Round Rock Express game against the Iowa Cubs in July and watched Carlos Zambrano pitch in a rehabilitation assignment.

Later in the year, members gather for an MLB Playoffs Watch Party and Cookout. A few members also traveled to Arlington in October to watch Game 1 of the American League Championship Series between the Texas Rangers and the New York Yankees, and Game 4 of the World Series between the Rangers and the San Francisco Giants.

In the second of a three-year term, Hornsby Chapter Member Monte Cely served on the committee to select winners of the Sporting News-SABR Baseball Research Award, which recognizes outstanding baseball research in areas other than history and biography. The 2010 recipients are: Timothy M. Gay (Vienna, VA) for Satch, Dizzy, and Rapid Robert: The Wild Saga of Interracial Baseball Before Jackie Robinson (Simon & Schuster); Chris Jaffe (Schaumburg, IL) for Evaluating Baseball’s Managers: A History and Analysis of Performance in the Major Leagues, 1876–2008 (McFarland); and L.M. Sutter (Norton, VA) for New Mexico Baseball: Miners, Outlaws, Indians and Isotopes, 1880 to the Present (McFarland).

Scorecasting

Norman Macht sent this review of Scorecasting: The Hidden Influences Behind How Sports Are Played and Games Are Won by Tobias J. Moskowitz and L. Jon Wertheim.  The book explores officiating bias, plus debunks some “conventional wisdom” about influences in sports.  Download it here: Book Review Scorecasting

June Meeting – Baseball and Barbeque

The June meeting of the Rogers Hornsby chapter will take place on Saturday, June 25 at the Dell Diamond where we will see the Round Rock Express take on the Oklahoma City Redhawks.  Game time is 7:05 p.m.  Nolan Ryan Bobblehead night!

For those interested, we will gather for pre-game barbeque at the Salt Lick at 5:30 p.m.

To order advance tickets and/or RSVP for dinner, please email Jan Larson at jan.a.larson@gmail.com.  Tickets are $15 (including service charge).  Order deadline is June 15.

May Meeting Wrap-up

Nine members of the Rogers Hornsby SABR chapter met Tuesday evening, May 17 at Iron Works BBQ in downtown Austin.

Those present raised a toast in memory of Hall-of-Fame slugger Harmon Killebrew, who had just passed away earlier in the day.  Members recollected their impressions of Killebrew, as well as some of his teammates over the years.

Other topics of discussion included Michael Bass’s recent online poll about the top Dominican pitchers.  Members were able to come up with the "Top Three" in MLB wins — Juan Marichal, Pedro Martinez, and Bartolo Colon.  We struggled with naming the other five Dominicans that had won more than 100 MLB games (that answer is left as an exercise for the reader).  The just-announced purchase of the Astros franchise by Houston businessman Jim Crane generated a lot of discussion.  It was generally viewed that this would be a positive going forward.  The hot start for the Cleveland Indians has Tom Wancho wondering how long the good times will last.

It was decided that the June chapter meeting will be held at Dell Diamond for a Round Rock Express game.  Saturday June 25 is the most likely date, with more information to follow.

 

Hornsby members get the owner’s experience at Whataburger Field

A dozen SABR members and guests were treated like baseball royalty last weekend at Whataburger Field, the gorgeous home of the Houston Astros AA affiliate Corpus Christi Hooks.

 

During the “Owner’s Experience,” the Hooks gave us a tour behind the scenes, including visits with the front office, the ticket office, operations, the clubhouse, radio booth, press box and scoreboard control room.

 

Perhaps the only thing that members of the Rogers Hornsby and Larry Dierker chapters did not see was a win by the hometown nine, but the tour and treatment was first class. The Hooks dropped the Saturday night game to the Frisco Rough Riders, 5-3.

 

Organized by Jan Larson and suggested by Craig Lukshin, who did the Owner’s Experience last year with his dad, 10 members and guests of the Hornsby Chapter were joined by Bob and Peggy Dorrill of the Dierker Chapter.

 

We all agreed that the cost ($75 per person) was well worth it. In addition to the behind-the-scenes tour and pre-game dinner, we had opportunities to visit with Michael Wood, the Hooks general manager. He shared a story about how the Hooks, which have been playing in Corpus since 2005, honored the surviving members of the Corpus Christi Giants, the Texas League Champs in 1958.

 

We also met the voice of the Hooks, Matt Hicks, who shared stories about his broadcast career, including a time when an attentive SABR member wrote him a long letter correcting something Hicks said during a radio broadcast. He said he’s always aware that his audience may include everyone from a newcomer listening to baseball for the first time to the most die-hard SABR member.

 

Partway through the game, we left our first- and second-row seats next to the visitors’ dugout to meet Brad Starr, the Hooks clubhouse manager. A 12-year veteran, including a year with the Astros a few years ago, he was helping an assistant fill water balloons to be used by the team mascots during on-field entertainment between innings. That’s just one of a long list of duties for this clubhouse “mom.” He washes uniforms, scrubs out grass and dirt stains, prepares pre- and post-game meals, and stocks a dining room with snacks and beverages for all other times of the day.

 

One visit that may be of particular interest to our members occurred in the press box. David Krebs, who is also the mayor of nearby Portland, was the official scorer for the Saturday night game. Krebs is one of a few official scorers for the Hooks games. We briefly chatted with him and the beat reporters, discussing plays from earlier in the game.

 

We also got to meet a tight-knit group that controls the large scoreboard, sound effects, speed gun readings and video entertainment. During live game play, we watched them work closely to announce the next batter, update the scoreboard with videos and photos, add sound effects for foul balls and play videos between batters.

 

Most of the group stuck around for the Sunday afternoon game, in which the Hooks lost to the Rough Riders, 9-2.

 

Much thanks to Bryan Mayhood, Hooks director of season ticket services, who led our tour and made sure we had a great experience. In fact, everyone we met – ushers, attendants and employees at the ballpark – made us feel welcomed and comfortable. We had such a good time that we left Corpus Christi with two thoughts in mind: Let’s do this again, and let’s see which other ballclubs do this.

 

Below are photos from the visit.

Book Review: 1921

1921

The Yankees, The Giants, & the Battle for Baseball Supremacy
 in New York
 
by Lyle Spatz and Steve Steinberg
 
A Baseball Book Review
Monte Cely
(512) 310-9777
                                               
Do we really need another book about New York City baseball? 
 
Apparently so, as 1921 is the winner of SABR’s 2011 Seymour Award, honoring the year’s best book on baseball history or biography. The Seymour Medal Selection Committee released the following statement about the winning book:
 
"1921 describes the pennant races in both the National and American Leagues in that year. For the first time, New York had a subway World Series with the Giants and Yankees hooking up. Obviously, with Babe Ruth versus John McGraw, the World Series takes on added meaning given McGraw’s style of play and Ruth’s home runs. The book’s structure in taking the readers through the season, alternating between the two teams and leagues, is to be commended. The authors also provide significant insight into the thinking of the two great managers, John McGraw and Miller Huggins. In their descriptions and also with the help of quotes from the leading baseball columnists of that period, Spatz and Steinberg provide a rich and colorful description of baseball and life in 1921. This is an important addition to baseball literature.”
 
Some insights and facts from the book that I found interesting:
  • 1921 was the Yankees’ first AL pennant. 
  • 1921 was the last year that the best-of-nine World’s Series format was used.
  • The Polo Grounds was the first venue to host all of that year’s World Series games. (The Yankees were the Giants’ tenant.) This repeated itself in 1922. The only other occurrence was St. Louis’ Sportsman’s Park in 1944.
  • Babe Ruth often coached third base and enjoyed doing so.
  • Although a proponent of "inside baseball", John McGraw did not like to sacrifice.
  • The authors contend that Babe Ruth helped popularize baseball with immigrants, because the home run was easier to understand than the "scientific" approach to inside baseball.

I think the Seymour Medal committee got it right.  This is a well-researched and well-presented book.  Make sure to read the end-notes, as they add a lot of background to each chapter.

Yes, I guess we do need another book about New York baseball !

 
Here are the key statistics:
Book: 1921 – the Yankees, the Giants, & the Battle for Baseball Supremacy in New York
Authors:  Lyle Spatz and Steve Steinberg
Authors’ Credentials: Lyle Spatz is the author of many baseball books including Bad Bill Dahlen and Yankees Coming, Yankees GoingSteve Steinberg is the author of Baseball in St. Louis, 1900-1925 and numerous articles on early 20th Century ball.
Published: 2010, University of Nebraska Press; ISBN: 978-0-8032-2060-7
Length: 515 pages.
Price: Retail list – $31.95; Online – from $15.00 (new) + shipping.