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- Title
Free-Agent Performance in Major League Baseball: Do Teams Get What They Expect?
- Authors
Ahlstrom, David; Si, Steven; Kennelly, James
- Abstract
Under certain conditions, equity and expectancy theories yield opposite predictions. This study examines one such situation. Performance statistics from a sample of 172 Major League Baseball free agents were collected for the 2 years before and 1 year after each player's free agency filing. Equity theory suggests that performance decrements will occur when players perceive they are undercompensated in their free-agent year. In contrast, expectancy theory suggests that players' performance wilt be superior when they are tip for new contracts. During the 1st year of a free-agent player's new contract, equity theory predicts that his performance will be superior, whereas expectancy theory predicts that it will be lower. Free agents' performance tended to decline after they signed contracts with new teams. This study suggests that if Major League Baseball teams pay free agents based on free-agent-year performance, they might not be satisfied with the results.
- Subjects
BASEBALL teams; FREE agents (Sports); EXPECTANCY theories; MAJOR League Baseball (Organization); ORGANIZATIONAL behavior; ATHLETES; SPORTS; EQUITY (Law)
- Publication
Journal of Sport Management, 1999, Vol 13, Issue 3, p181
- ISSN
0888-4773
- Publication type
Article
- DOI
10.1123/jsm.13.3.181