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EXPECTANCY THEORY AND MAJOR LEAGUE BASEBALL PLAYER COMPENSATION
Title
EXPECTANCY THEORY AND MAJOR LEAGUE BASEBALL PLAYER COMPENSATION.
Creator
Leonard, Edward, Saunders, Carol, University of Central Florida
Abstract / Description
Major League Baseball (MLB) organizations spend millions of dollars each year on athletes with the end goal of winning a World Series title. However when an organization signs a player to a long term contract are they actually receiving the production that they paid for? Under the MLB's current form of player compensation players may not be properly motivated or at least not motivated to perform at their highest level. The intent of this thesis was to apply expectancy theory in assessing...
Show moreMajor League Baseball (MLB) organizations spend millions of dollars each year on athletes with the end goal of winning a World Series title. However when an organization signs a player to a long term contract are they actually receiving the production that they paid for? Under the MLB's current form of player compensation players may not be properly motivated or at least not motivated to perform at their highest level. The intent of this thesis was to apply expectancy theory in assessing Major League Baseball's current form of player compensation. It evaluates how well players are currently motivated to perform on the field, and if any improvements can be made. This is done through the statistical analysis of MLB organizations yearly salary data, yearly win-loss record, and the performance of 65 players two years prior to, one year prior to, and during their first contract term directly following or extending past arbitration eligibility. Evidence shows that player motivation, especially for position players, can be increased and several suggestions are made as to how this can be improved and how MLB organizations can increase the odds of player production matching compensation.
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Date Issued
2013
Identifier
CFH0004406, ucf:45091
Format
Document (PDF)
PURL
http://purl.flvc.org/ucf/fd/CFH0004406