The job of a General Manager is to build a consistently competitive team, while not depleting the team’s future. This job is easy when a team has money. In the past decade, 75% of the teams who have won the world series have had budgets above the league average of $98 million. The real challenge of the GM is to do their job on a budget. There are some GM’s who have successfully and cost-effectively run their teams, such as Billy Beane of the Oakland A’s, whom the game-changing “Moneyball” book was based on. However, there are steps being taken to increase parity amongst teams. For example, the Competitive Balance Lottery gives teams with minimal revenue additional high draft picks.
To learn more about how GMs can achieve more with less, check out the infographic below, presented by SportsManagementDegreeHub.com.
Source: Sports Management Degree Hub