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For those who don't remember HS math, mean isn't statistically significant compared to median. Basically, average salary doesn't matter.
The median salary is $1M, meaning just as many players are making below $1M as are above.
Nothing to sneeze at, but more representative.
1/ https://twitter.com/spotrac/status/1260952178124042240
The median salary is $1M, meaning just as many players are making below $1M as are above.
Nothing to sneeze at, but more representative.
1/ https://twitter.com/spotrac/status/1260952178124042240
I came to that with these 2 sources:
https://docs.google.com/spreadsheets/u/0/d/12XSXOQpjDJDCJKsA4xC1e_9FlS11aeioZy_p1nqpclg/htmlview
https://apnews.com/e4ec65ed068d9b636ac9c302453eac26?utm_campaign=SocialFlow&utm_medium=AP_Sports&utm_source=Twitter
Cots has 491 players listed, while AP survey had 899. Meaning 408 around min salary.
Make total 780 (26*30) & still $1,787,500, or $3M less than average. Also, 525 players below average.
2/
https://docs.google.com/spreadsheets/u/0/d/12XSXOQpjDJDCJKsA4xC1e_9FlS11aeioZy_p1nqpclg/htmlview
https://apnews.com/e4ec65ed068d9b636ac9c302453eac26?utm_campaign=SocialFlow&utm_medium=AP_Sports&utm_source=Twitter
Cots has 491 players listed, while AP survey had 899. Meaning 408 around min salary.
Make total 780 (26*30) & still $1,787,500, or $3M less than average. Also, 525 players below average.
2/
In conclusion, saying average is $4.4M doesn't tell you anything, because outliers ruin averages. At least 2/3s of the league isn't there.
Go alegbra! (Or whatever mean, median, and more are considered)
Oh yeah, mode is league minimum, so they helps too.
3/3
Go alegbra! (Or whatever mean, median, and more are considered)
Oh yeah, mode is league minimum, so they helps too.
3/3
