Smart spenders? Sox rank 70th in new poll

ANAHEIM, Calif. -- The Red Sox ranked 70th, between basketball's Indiana Pacers and hockey's Colorado Avalanche, in Bloomberg Businessweek's second annual rankings of the smartest spending franchises in four major professional sports: MLB, NFL, NBA and NHL. The smartest spender in sports was rated the Tampa Bay Rays, with the Texas Rangers second.

The other three Boston franchises fared much better in the list of 122 franchises: The Celtics ranked fifth, the Patriots seventh and the Bruins 10th.

The methodology used involved taking payroll data (from USA Today, Basketball-Reference.com, NBC Sports, and NFL.com) to calculate how much teams spent per win over the last five seasons. For baseball they also included the first half of the current season. They then compared every team against league average, producing a total score they called the efficiency index. The median score for every league is zero. The lower the score, the less a team spent for its wins.

They also added bonuses for wins above .500, playoff wins, and championships. Regular-season wins counted once, with a half-win bonus for every win over .500. Playoff wins count for 10 percent of a season; championships for half a season. In their Super Bowl winning season in 2011, for instance, the New York Giants got credit for 9 regular season wins, plus a .5 game bonus for their ninth win—the one that put them above .500. Their 4 playoff wins earned them 6.4 more wins. And the Super Bowl victory 8 more, for a total of 23.9 “weighted” wins.