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Pens Ranked 3rd in Spending Efficiency

Guest Penguins-66

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Also, the Steelers were ranked 14th and the Pirates 23rd....

The Pittsburgh Penguins rank third out of 122 pro sports franchises in spending efficiency, according to Bloomberg Business Week.

The Penguins were ranked sixth when the list originally was released last week, but Bloomberg made updates after discovering it had used” incorrect hockey payroll data.”

The national business publication rated the “Smartest Spenders in Sports” after examining the spending habits and won-lost records of all NFL, NBA, NHL and MLB teams over the past five years.

In addition to ranking third overall, the Penguins were No. 2 in the NHL.

The Tampa Bay Rays topped the overall list, followed by the Detroit Red Wings, the Penguins, the Texas Rangers, the Los Angeles Lakers, the Boston Bruins, the Boston Celtics, the New England Patriots, the Green Bay Packers and the Chicago Blackhawks.

According to Bloomberg’s website, “We’ve used payroll data to calculate how much teams spent per win over the past five seasons. We then compared every team against league average, producing a total score we call the efficiency index. The median score for every league is zero. The lower the score, the less a team spent for its wins.”

Bloomberg also added bonuses for wins above .500, playoff wins and championships.

Here is the link to the report: http://www.businessweek.com/articles/2012-08-30/smartest-spenders-in-sports

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@Penguins-66 I'm wondering what the standards are here 66....esp if it goes back 5 years....because the one on that list that sticks out is the Blackhawks. They fired Dale Tallon (a great GM btw) for his tremendous blunder by submitting the qualifing offers for Cam Barker and Kris Versteeg late, thus forcing the team to overpay. How in the holy hell is this spending efficiency? I do think it was one of the few mistakes Dale Tallon has ever done, and does not detete his other excellent work (the Panthers are living proff of this), but damn, this kind of mistake *should* preclude you from this type of list....no? At *least* preclude them from top 5...LOL!

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