Humphreys and Pyun (2016) estimated that (MRP - salary)/MRP = 0.89 for rookie major league baseball players,
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Humphreys and Pyun (2016) estimated that (MRP - salary)/MRP = 0.89 for rookie major league baseball players, while the comparable figure for players who are eligible to be free agents is 0.21. Explain the reason for this difference.
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