Knicks Among Worst Spenders… In Sports

Bloomberg recently compiled a ranking of the smartest spending sports franchises. They used salary data to calculate how much each team spent per win over the last five season, then compared each team against the league average. Additionally, they dished out bonuses for valuable victories, such as wins above .500 and playoff and championship victories. Each win above .500 gave teams an extra .5 win bonus, while playoff wins counted for 10% of a season (8.2 wins in basketball, for instance) and championship victories were valued at 50% of a season (41 wins in the NBA).