It doesn’t get much easier to understand than this, courtesy of the NY Times:
Vertical axis: Wins. Horizontal axis: Payroll. Notice any correlation? Yes, there are exceptions to every rule (sweet, holy giraffe the Mets suck!) but the trend line is unmistakable. More dollars (in general) equals more wins.
Please print, clip and mail the graphic above to:
Attn: Mr. Theodore N. Lerner
1500 South Capitol Street SE
Washington, DC 20003
H/T to Mr. Irrelevant.