Analysis on the Effect of Market Value on Rookie Performance
Does market value of a team have any impact on rookie performance? This question led me on a journey to find statistical evidence to find a correlation between the two. This initial draft's audience is for old people, specifically my 63 year old dad. It took him around 10 years to learn how to use an Iphone. So be cautious of some of the oversimplifications of certain concepts. I tried to make this as old people-proof as possible. The first thing I did was compile all the data in Excel by downloading a csv file of every NBA Draft from 2010-2019 from Basketball Reference. By using the SUMIF function in Excel I added the average BPM and VORP for each year of the draft(See Definitions Below). So if a team had three total rookies that year: One player had a BPM of -1, the second player had a BPM of 2.5, and the third player had a BPM of 0. The overall BPM would be 1.5. Then I proceeded to average that out per rookie for that given year. The average BPM for that team for that given year