Abstract

In this essay, I argue for the claim that the MVP is the player who provides the greatest net benefit to his team. I then argued for the following model of a player’s net benefit to her team. (1) A person’s, X’s, net benefit to the team is a function of the difference in team success when X plays and when her actual or likely backup plays. I argued that this model best satisfies our intuitions, measures actual value rather than expected value, does not depend on arbitrary assumptions, and tends to track the way in which a team would economically value a player. The two do not align exactly, since economic valuation is future looking and net benefit is backward looking. Leaving aside concerns about player-related contribution, this model provides a right answer to the question of who is a league’s MVP. It also captures the comparative value of players within a team.