The East Coast Bias ranked the most overpaid MLB teams of 2007.
Here are a couple teams that made the list:
SF Giants ($90 Million , 71-91) – Behind huge contracts to Zito and Bonds (neither of whom performed at a high level consistently), the Giants floundered to a last place finish and the 2nd worst record in the NL (Pirates, tied with Marlins). Good thing they let Schmidt go so they could sign Zito.
Baltimore Orioles ($93 Million, 69-93) – An increase of $20 Million over 2006 netted the Orioles absolutely no benefit, leaving them still the second-best team in the Baltimore-Washington area. As a point of pride, the O’s finished ahead of the Rays. On the other hand, the Rays only paid $24 Million to finish 3 games worse.
Chicago White Sox ($108 Million, 72-90) – The White Sox appear to have overpaid to keep an aging team together following their World Series victory, and it really cost them last year. 4th place behind medium market teams is not worth the 5th highest paid team in the league.
Somebody cap that league so these teams can stop embarrassing themselves.
