Monday, June 18, 2012

Kobe Bryant Second Most Overpaid Player in NBA?

Via USA Today: Professor lists Kobe as second most overpaid NBA player

Kobe Bryant has been called a lot of things but overpaid is not usually among them. The Los Angeles Lakers superstar is seen as a guy who works hard for his money even at $25 million a year.

But Southern Utah University economics professor David Berri, who wrote The Wages of Wins has a statistical measurement to validate the performance of athletes. "Wins in basketball are primarily about a team's ability to get and keep possession of the ball and then turning those possessions into points,"

Berri told CNBC.com's Daniel Bukszpan in an e-mail. "In 2011-12, NBA teams paid $1.9 billion for 990 regular season wins. This means that the cost per win was $1.946 million. Given the cost of each win and knowing both how many victories each player produced and his salary allows us to see which players were overpaid."

Here is his top 10:
10. Tyrus Thomas, Charlotte Bobcats (overpaid by $12,459,225)
9. Deron Williams, Brooklyn Nets ($12,784,867)
8. Dirk Nowitzki, Dallas Mavericks ($12,851,295)
7. Corey Maggette, Charlotte Bobcats ( $12,862,248)
6. Mehmet Okur, Brooklyn Nets ($12,988,657)
5. Chris Kaman, New Orleans Hornets ($14,613,480)
4. Amar'e Stoudemire, New York Knicks ($14,918,309 )
3. Antawn Jamison, Cleveland Cavaliers $17,402,350)
2. Kobe Bryant, Los Angeles Lakers ($19,693,258)
1. Rashard Lewis, Washington Wizards ($21,167,231)

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