Once upon a time, a book entitled Moneyball hit the shelves, and with it came a storm of debate over the relative merits of college vs. high school prospects. Michael Lewis' bestseller, though a tad sensationalistic in tone, uncovered a market inefficiency that the A's were expoliting- the drafting of college players over high school players produced a higher return on investment. A study by Rany Jazayerli of Baseball Prospectus concluded as much. In a study of drafts between 1984-1991, Jazayerli concluded that the average return on investment for a college player was substantially higher than that of a high school player.
However, that same study by Jazayerli concluded that as the years have passed, the gap between the college and high school players has become nonexistent:
"I'm man enough to admit it: I'm completely befuddled by these results. Not only did the gap between the value of college and high-school players shrink to almost nothing in the 1990s; this has occurred even though...
Matt has covered the Pirates at Wait ‘Til Next Year, Pittsburgh Lumber Co. and now Pirates Prospects. He served as Pirates team expert for Heater Magazine in 2009 and 2010 and has contributed to Graphical Player 2009, 2010 and 2011. Matt was also the editor of the 2011 and 2012 Pirates Prospects Annuals.