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Topic:
Statistics and Salary of Stephen Curry
Essay Instructions:
Go to the basketball-reference website and find the statistics and salary of your favorite NBA player.
Use Davis Berri's NBA player value formula to calculate a player's MRP and and compare it with his actual salary. Is he overpaid, underpaid, or accurately paid?
Note: The value per win increased from 1.67 million (2006-2007) to $2.9 million in 2022-2023.
Why is the player overpaid/underpaid? What is it about the NBA labor market that makes this occur?
There is no format required on this assignment. I will post the criteria in the next step. I think in this assignment do need a additional citation to match the point.
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Discussion: Response 10
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Discussion: Response 10
Using Davis Berri's NBA player value method, which allows one to assess if an NBA player is overpaid, undervalued, or fairly compensated, I can confidently confirm that my favorite NBA player, Stephen Curry, is compensated. The Wins Produced (WP) method developed by NBA analyst Davis Berri accounts for a player's scoring, rebounding, assist, steal, block, and turnover totals to assess a player's worth to his club. Using Stephen Curry's WP of 35, the value of a victory of $2.9 million in the 2022-2023 season, and Curry's real salary of $48.07 million, we can compute his Marginal Revenue Product (MRP).
The Marginal Revenue Product (MRP) of Stephen Curry may be determined using Davis Berri's NBA player valuation model.
Given data:
Stephen Curry's Wins Produced (WP) = 35
In the 2022–2023 campaign, a triumph will be awarded $3 million.
Stephen Curry will make a stunning $48.07 million in 2022–2023.
To calculate MRP:
MRP = WP multiplied by (x) Value per win
MRP = 35 multiplied by (x) $2.9 million
MRP = $101.5 million
Now let's compare Stephen Curry's MRP with his actual salary:
Stephen Curry's MRP = $101.5 million
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