Defining Large, Mid, and Small Markets

Oftentimes you’ll hear that Team X is a Large Market team or that Team Y is a Small Market Team.  But aside from knowing that the Yankees are a large market team and Pittsburgh is a small market team, how are the other teams defined?  And what exactly is a mid market team? Using readily available data, this article will categorize the 30 teams into these three tiers by three separate categories: Metro Population, Payroll, and...

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