Question: Go to the basketball-reference Website http://www.basketball-reference.com and find the average game statistics and salary (one year) of an NBA player of your choice. Use Berris

Go to the basketball-reference Website http://www.basketball-reference.com and find the average game statistics and salary (one year) of an NBA player of your choice. Use Berris equation for a players MRP to determine what this player is worth and compare it with his actual salary. Use any player except for LeBron James 2020-2021 (we already used him in class).

According to Berri, the number of games a player is expected to win for his team is approximated by:

(points + rebounds + steals + 1/2 blocked shots + 1/2 assists) (field goal attempts + 1/2 free throw attempts + turnovers + 1/2 personal fouls)

1. Use averages to calculate the players win score. A win is worth approximately $1.913 million to a team. Use the worth of a win and the players win score to estimate the players Marginal Revenue Product. Show your working. (4 points)

2. Is the player paid accurately, are they underpaid, or are they overpaid? Explain. (3 points)

3. What are some possible causes for why theplayer is underpaid/overpaid/paid accurately? For example, is the athlete early in his career? Are there any league rules or policies that affect his pay? Does collective bargaining favor the athlete because he is late in his career? Does the athlete have superstar power that contributes to his value? (4 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!