Professional sports teams drop serious cash to try and secure the very best talent, and the dough can really pile up. But is all that money well spent? Conventional wisdom says that teams with higher payrolls ought to perform better than those with more modest means. Some leagues have even instituted limits on spending in order to make games more competitive.
But do higher-spending teams really do better, and do salary caps actually level the playing field? In this lesson, students look at data for four major pro sports leagues and try to answer the question: Can you buy wins?