How Much Money is a Sack Worth?

I realize it's draft season but I'm still working on building a salary database and combining it with performance statistics. Most of the work in this type of analysis is building the data, but it's harder than it might seem at first. Salary data might use one kind of player identifier while performance statistics use another. Merging them and creating a flat data file to play with is more than half the battle. There's still more I need to do. First up will be segregating free agent years from rookie contract years. But for now, here's some trivia.

Offenses get all the attention, so I thought I'd toy around with what I have so far on defense. Sacks are one of the most visible and tangible defensive statistics. I took the primary sack makers, defined as DTs, DEs or LBs who have averaged over one sack per season in their career, and plotted their career average sack rate against their average cap hit.

A few notes about the data: Only those years with cap hits greater than $1M were included as a crude way to focus on every-down starters. Additionally, only seasons where the player had 7 or more game appearances were included. The data ranges back as far as 2006 for whoever I had salary data for. Cap hit was adjusted for salary cap inflation--All cap hits are in $2012 cap dollars. Lastly, 'sacks per season' is extrapolated for each player to full 16-game seasons.

Cade Massey on Flipping Coins and the NFL Draft

Readers of this site will recall the name Case Massey. Along with fellow noted economist Richard Thaler, he co-authored the Massey-Thaler draft study titled The Loser's Curse. The paper found that, under the previous CBA, "surplus" draft value peaked with picks in the late first round and early second round. Surplus value was defined as the expected performance value above which a team could expect by spending an equivalent amount on a veteran free agent.

Massey has continued research into the draft. His presentation at the 2012 MIT Sloan Sports Analytics Conference outlines his recent findings. (I recommend using IE to view the presentation. Chrome didn't play nice with the video.) The slides from the brief can be viewed here.

If I understand things correctly, Massey has found that:

EPA Production and Cap Value, Skill Positions

I've been playing around with the connection between player value and production, and I thought I'd post some interesting observations.

As a measure of production I used Expected Points Added (EPA)--actually EPA per game to account for injury shortened seasons. For the measure of player value, I used cap hit. Cap value is useful because it boils down the complexity of many NFL contracts into one number. It can be tricky, though, as many contracts can be quite uneven from year to year in terms of cap value. For cap management and player-incentive purposes a 4-yr/$40M will often diverge far from a steady $10M per year cap hit. To account for this, I averaged each players' per year cap hit for the full period ('06-'12) and plotted against each player's EPA/G. The purpose of doing this is to see what level of production teams expect per $1M of salary. Is there a solid connection between true production and salary?

There are assumptions and limitations inherent in this analysis. Player production is dependent on the abilities of their teammates. WRs and TEs rely on their QBs to get them the ball, and some will have better passers and some will have worse, and vice versa. RBs are dependent on their line and scheme. But over the league as a whole, these considerations would (ideally) balance out. Put simply, for every Larry Fitzgerald being victimized by the offense around him, there's a Brandon Lloyd benefitting from being on a great offense.

The chart below plots offense skill position production by annual average cap hit. Each position is color coded.

Sloan Sports Analytics Conference Video

The video of the panel I participated in at the MIT Sloan Sports Analytics Conference has been posted. The panel consisted of Herm Edwards, Jack Del Rio, Thomas Dimitroff, and myself. Tony Reali was the host and made it one of the more entertaining panels at the conference.

The format kept the event from becoming a dry drone fest. We took several interesting in-game decisions and analyzed them from our own perspectives. Also, Herm was wearing really colorful socks. If you want to know why there is a picture of an air conditioner in this post, you'll have to watch the panel.

As a bonus, here is the link to the other football panel at this year's conference, featuring FO's Aaron Schatz, Paraag Marathe (SF), Kevin Demoff (STL), and Scott Pioli (formerly KC). The videos of the other conference panels can be found here.

Thanks to Ben Levitt, Monte McNair, Daryl Morey, and the other organizers who made the event so much fun.

SITE NEWS

Many readers have probably wondered why I haven't been posting articles nearly as often as I had in years past. Here's the reason--The one-year news embargo is officially lifted, and I can officially announce my participation in a project so big and so cool I can hardly describe it with words. I'll let the page at IMDb say it all. Thanks to everyone for all their support throughout this process. It wouldn't have been possible without the loyal fans of ANS!