Jason Winfree - NYU Stern School of Business

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Research Question • In many sports, drafted athletes have the decision of entering college or playing their sport professionally • We analyze the decision of drafted high school baseball players, based upon their expected lifetime earnings
Research Question • The financial benefits of entering professional baseball early include – Signing bonuses for high draft picks – Higher possibility of earning an MLB salary • The financial benefits of going to college include – Higher earnings for a non-baseball career
Page 1: THE VALUE OF COLLEGE: DRAFTED HIGH
Page 5 and 6: Baseball Draft • The MLB draft be
Page 7 and 8: Previous Studies • A classic prob
Page 9 and 10: Assumed Values • Certain values w
Page 11 and 12: Statistical Estimation • Three va
Page 13 and 14: Data • Number of minor leagues ye
Page 15 and 16: Signing bonus variables • We esti
Page 17 and 18: Minor and Major League variables
Page 19 and 20: Minor league results Players that w
Page 21 and 22: Major league results Players that w
Page 23 and 24: Who went to college?
Page 25: Future uses • This can be used to

Jason Winfree - NYU Stern School of Business

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