Callahan: Examining a Cole Hamels trade in the Diamond Dollars Case Competition

From Cody Callahan at Beyond the Box Score on March 26, 2015:

Baseball analytics guru Vince Gennaro, author of Diamond Dollars: The Economics of Winning in Baseball, consultant to Major League Baseball teams, a regular on MLB Network’s analytics show Clubhouse Confidential and president of SABR, also is the creator of the first national competition based on baseball operations issues.

Earlier this month, 21 teams from universities around the country gathered in Phoenix to compete in Gennaro’s fourth annual Diamond Dollars Case Competition at SABR’s annual analytics conference. Our team from Arizona State University’s W.P. Carey School of Business – Sean Aronson, Emerson Frostad, David Bocchino, Reid Smith and I – won this year’s graduate school contest, competing against outstanding teams from Stanford University, the University of Chicago and other top graduate business schools. The 12 judges were executives in baseball operations departments of seven MLB teams.

This year’s case, designed by Gennaro, was straightforward: find the best two trades involving Philadelphia Phillies pitcher Cole Hamels. In this case, best trades were defined as the trades that provide each team with maximum value. Additionally, each proposed trade with the Phillies was required to have a unique trade partner. Once each team defined two mutually beneficial trades, they proceeded to declare a best trade and second-best trade. The teams were given one week to design a winning trade strategy.

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Originally published: March 26, 2015. Last Updated: March 26, 2015.