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 Cost per Win. This article will be a little number-crunchy, so if you like to read the end of the book to see how it ends before you start, feel free to skip down to the Conclusions section.
Listed below is each team along with their metropolitan population, using 2011 population estimates from the U.S. Census Bureau (and Wikipedia for Toronto):...
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