The great Jeff Zimmerman (Fangraphs, The Process, etc.) recently revisited a topic that’s always ripe for debate: what kind of extra value does a multi-position player get, compared to those who only play one position? We can all agree that multi-position is better than single; quantifying that value, however, proves more difficult. A few years ago, Rudy assessed this briefly in his seminal piece, “Debunking Positional Scarcity“, and recommends adding a $1 for multi-position players.
Jeff’s article took a different approach: instead of measuring what a player’s value should be, he attempted to measure the actual impact in terms of draft cost. In other words, what premium does the market place on these players? Read the full piece; Jeff estimates ~$3.20 bump on average.
While I like the goal (understanding market premiums), Jeff’s methodology (comparing the draft cost of two similarly-projected players) was limited in scope. So I’ve set out to do additional analysis with the same goal: measuring the market premium of multi-position players.
Please, blog, may I have some more?