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DJs Hairy Nuts'replacement level' team wins 48 games. 88 makes you likely to make the post-season. So that $160 million buys you an additional 40 wins; that's the baseline for 'competitive'. The true worth of a win in a free market becomes something nearer $4 million/yr.
I commented once on a Royals review story. Some guy (Shawn newkirk maybe?) posted an article claiming the Royals team in 2015 was really worth $325M - he took 40 war and multiplied it by the $8M figure. I informed him that's just the FA rate, that a team of FA would cost that but we have a mix. And the avg is $4M industry wide making his valuation twice as high.
He of course argued and said I was flat wrong. But we all know who actually was.
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