EVALUATING INEFFICIENCIES IN THE NATIONAL HOCKEY LEAGUE LABOR MARKET

Open Access
Author:
Rastatter, Adam Charles
Area of Honors:
Economics
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
  • Russell Paul Chuderewicz, Honors Advisor
  • Collin Knapp, Thesis Supervisor
Keywords:
  • Corsi
  • Fenwick
  • Expected Goals
  • Labor Market
Abstract:
The National Hockey League has evaluated players using the same metrics for decades. Although several new statistics have been proposed, evidence suggests that managers still use outdated and imprecise measures to drive labor market decisions. Since the National Hockey League capped team salary expenditures at $73 million per year in 2016, every contract is crucial. Bill James started a revolution in Major League Baseball, using more advanced and exact measures to evaluate player performance. Do advanced baseball statistics such as on-base percentage have a hockey equivalent? If so, which of these statistics have a high correlation to player success? Finally, which of these statistics are currently underutilized in the National Hockey League labor market? This paper aims to explore these questions