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1-Page Summary 1-Page Book Summary of Moneyball
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The 2002 Oakland Athletics, pegged by baseball insiders as a mediocre club at the outset of the season, expose much of the sport’s conventional wisdom as flawed when they post a 102-60 regular season. They do this with a roster composed of players who have largely been overlooked by the insiders—pitchers with unusual pitching technique, fielders who are overweight or can’t run quickly, and hitters who struggle to hit home runs. In short, the 2002 Oakland A’s are a team of players who don’t look like players at all.
Baseball’s old guard—a consortium of coaches, scouts, general managers, owners, former players, and sports journalists—have rigid conceptions of what a good player is and how teams are supposed to win games. But the success of the 2002 Oakland A’s proves that much of this conventional wisdom, propagated by baseball’s traditional gatekeepers, is hopelessly wrong.
Moneyball: The Art of Winning an Unfair Game is the story of this team and how an iconoclastic, convention-defying general manager named Billy Beane manages to turn the baseball world on its head and call into question everything that everyone thought they knew about the game.
A Failed Playing Career
Let’s start back in 1980. Billy Beane is an extraordinarily talented high school baseball player—immensely talented and fiercely competitive, he is an all-around natural athlete. His rapid ascent to the major leagues seems all but assured.
But Billy also has dreams of going to Stanford University (where he had been admitted) and getting a world-class education, dreams that will be closed to him if he decides to go to the majors. He is, in fact, highly ambivalent about embarking on a career as a professional baseball player.
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Nevertheless, he is drafted in the first round by the New York Mets in 1980 as one of their top prospects, signing with the club for a $125,000 bonus before being assigned to one of their minor league affiliates. He sacrifices his dream of studying at Stanford, which promptly rescinds his offer of admission once he decides to go pro instead of playing for the university’s baseball program.
Once he becomes a professional player (albeit in the minor leagues), he begins to crack under the enormous expectations that have been placed upon him and is emotionally unable to cope with failure on the field. Although endowed with natural athletic ability and a keen understanding of baseball, he is unwilling to be patient with the game and is paralyzed by his fear of failure: a failure which he had been told throughout his young career he would never experience due to his talent.
Billy has a middling MLB career throughout the 1980s, in the course of which he is traded from the Mets to the Minnesota Twins to the Detroit Tigers, and finally, to the Oakland A’s. In 1990, he accepts his status as a draft bust, retiring as a player that spring. After walking off the field, he takes a job with the team’s front office, in the lowly position of an advance scout, a shocking move for a former blue-chip baseball prospect.
As a scout, and eventually as GM, Billy will butt heads with the men who make up the scouting department. Scouting is the stronghold of baseball conventional wisdom, of men who believe that they can predict a player’s future success in the majors simply by observing with their own eyes how well they can hit a ball, throw a pitch, or steal a base, even if they only see that player play a handful of times. To Billy, these are the same men whose preference for subjective wishful thinking over objective analysis had raised his expectations, waved away his obvious psychological flaws, and set him on a path to failure.
As a scout, Billy is determined to never repeat their mistakes. He learns from both their failure and his own. He looks for players whose statistical performances indicate a likelihood of success in the major leagues. He is determined to never draft the next Billy Beane.
Undervalued Vs. Overvalued Metrics
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In 1995, as Billy Beane is working his way up the ranks of the Oakland organization, the new owners of the A’s demand that the team drastically reduce payroll. The team must now economize, making sure that every dollar spent on players contributes to on-field success.
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This occurs during an era of skyrocketing player salaries, driven by the rise of free agency, which profoundly changes the economics of professional baseball. Rich teams like the New York Yankees and the Boston Red Sox are able to spend unlimited sums in order to acquire the biggest stars on the free agent market. But relatively poor teams like the A’s are forced to take a new approach to player acquisition, looking for players who are undervalued by the market and can be gotten on the cheap.
At this time, many of baseball’s most widely used statistics to evaluate baseball players are coming under fire. These critics (including the A’s general manager as well as a baseball writer named Bill James) note, for example, that team batting average is overrated because it overlooks the importance of walks to a team’s total offensive output. Likewise, James criticizes the RBI as a product of luck: a batter must have the good fortune to be at bat when other players are already on base to be able to bring them home with a hit. It is a matter of luck to even have the opportunity to score an RBI.
James contrasts this with statistical measures that had been overlooked by professional baseball. On-base percentage, he argues, has a better correlation with run production than batting average, because it accounts for all the ways a player can get on base and contribute offense—: including walks.
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Despite this, players with high batting averages and low error counts are highly valued, while players with lots of walks and a high on-base percentage (but who aren’t flashy sluggers with high batting averages) are deeply undervalued. Yet teams continue making poor (and...