7. Jazz at Cavs - Jazz won 101-90. In college I lived with three guys from Cleveland, who would talk incessantly about the Cavs, Browns and Indians. I didn't particularly want to hear about Kelly Holcumb vs. Tim Couch or whether or not the Cavs were going to get Michael Redd in the off-season. From that genesis started the roommate rivalry games between my favorite teams vs. the Cleveland teams. There would always be bragging rights on the line when teams like the Cavs and the Jazz player each other. Well just a week ago my old roommate DG and I traveled from Columbus to Cleveland to see the Cavs vs. Jazz. The game itself wasn't the best, and I don't think many fans of either team will remember it when looking back on the season. However, we scalped great seats for little money and had a fun time watching the first roommate rivalry game in person.
Wednesday, December 29, 2010
Top 10 games of 2010
7. Jazz at Cavs - Jazz won 101-90. In college I lived with three guys from Cleveland, who would talk incessantly about the Cavs, Browns and Indians. I didn't particularly want to hear about Kelly Holcumb vs. Tim Couch or whether or not the Cavs were going to get Michael Redd in the off-season. From that genesis started the roommate rivalry games between my favorite teams vs. the Cleveland teams. There would always be bragging rights on the line when teams like the Cavs and the Jazz player each other. Well just a week ago my old roommate DG and I traveled from Columbus to Cleveland to see the Cavs vs. Jazz. The game itself wasn't the best, and I don't think many fans of either team will remember it when looking back on the season. However, we scalped great seats for little money and had a fun time watching the first roommate rivalry game in person.
Tuesday, December 14, 2010
Archie Manning
Wednesday, December 8, 2010
Christmas gifts - deadweight loss?
Giver_______________
Gift________________
Cost (estimated)_______
Value (to me)_________
The point is that the author thinks there is a lot of what he calls "deadweight loss" with Christmas gifts. As Dubner describes it "the economic inefficiency that comes about when, for instance, someone buys you a $50 gift that you value at, say $10. That's a deadweight loss of $40."
The comments section in the blog post is funny enough when looking at what people received and how much they valued the gifts. There are a lot of gifts mentioned that cost a certain amount and are valued at $0 by the receiver because they are never used. However, I would like to bring up another example. It would be the reverse of a deadweight loss that I would like to call a "net positive gift." Net positive gifts are those rare gifts that you get that are more valuable than the cost. Those certain gifts that either the receiver didn't know they wanted or has some type of sentimental value in addition to the market value.
I can think of a few gifts that stick out in my head (ex. trip to Cameron Indoor Stadium for my 25th birthday), but for this post I would like to talk about one gift in particular. One gift that had serious deadweight loss potential.
Quick back story to set up the gift. It was the summer after I graduated from Miami University and my four main high school friends had one final summer before two of us had to go off to real world jobs in *distant cities with a promise of more pay, but less vacation. My other two friends were home from college and for maybe the last time we all had plenty of time to hang out and enjoy life as friends.
*From Jackson: Minneapolis is 1037 miles away, while Seattle is 2535 miles away.
In some ways this was the ultimate summer. I could write plenty more about those perfect, relaxed days or the fact that summer was the genesis to two of my friends getting married. However, that is off subject for this post. This post is about a gift I received that summer that ended up being one of those things that I consider an ultimate net positive gift. On one of the final nights in Jackson before I left to make the long drive to Minneapolis my friends presented me with a gift. The gift was a ceramic bunny about 1 foot tall, 1 foot wide and 1 foot deep.
This bunny was sold at the knick-knack store that my friend Marty worked at during the summer. I would visit her at the store often enough and whenever I walked by the bunny I couldn't help but laugh. My thought process was that I wondered who in their right mind would buy such an fat, ugly ceramic bunny. It made no sense to me. The bunny didn't do anything but take up space, and I couldn't imagine somebody thinking that this was the missing piece in their living room.
Of course my friends looked at this and thought that if I was so clear about hating this bunny then it must mean that secretly I really wanted it. They signed the bottom of it and presented it to me as my "going away" gift. I laughed about the gift and took up with me to Minneapolis.
Almost instantly the bunny was a prominent feature in my first apartment in Minneapolis. And surprisingly I loved it. It was so ugly, cumbersome and unnecessary that it fit in perfectly. I know that makes no sense, but for some reason all of the the wrongs made a right. I have sense taken that bunny from apartment to condo to duplex. It was one of those non-negotiable things that needed to be displayed when M and I moved in together, so we found a spot for it on top of the fridge.
Anyway, there isn't much point in this story besides bringing up a positive memory and sharing the hope that maybe the worst Christmas gifts you receive (the ones with a deadweight loss) might over time provide some unforeseen value. Or you can just do what my sister and I do and just pick out each other's Christmas gifts the week before. That is one way of eliminating any deadweight loss when the receiver is in the store (usually a book store) while the giver buys the gift.
Monday, December 6, 2010
Miami University - 2010 MAC champions
- Miami University won the 2003 MAC championship when I was a junior. Ben Roethlisberger was the QB and he led a 13-1 team to the 10th overall ranking in the final poll. They were dominating.
- After Roethlisberger the program started declining. They went from 13 wins to 8 wins to 7 wins to 2 wins to 6 wins to 2 wins to 1 win. You don't need to graph those out to know that would be a declining trend.
- Miami wasn't expected to do much this year. The first line in their Blue Ribbon preview was "When accessing Miami's talent this season, don't start with the returning starters. There's a good chance they won't start this fall. Year One of the Michael Haywood era was ugly." They were projected to finish 3-9 and 5th in the MAC East division.
It almost seemed like Northern Illinois could do what they want and Miami was just holding on. Don't get me wrong the freshmen QB Austin Boucher (pictured below) was playing well and the rushing game wasn't struggling. It was going well, but I knew the odds were against Miami winning.
Friday, December 3, 2010
LeBron James and Cleveland
Saturday, November 27, 2010
BCS debate
Wednesday, November 17, 2010
When should we start worrying about Gordon Hayward?
Last as a Jazz fan I rooted for two things every night; a Jazz win and a Knicks loss. The reason being is that finally after all the years of the Knicks being terrible it was finally time for the Jazz to cash in on one of the more lopsided trades in history. In 2004 the Jazz gave up Keon Clark and Ben Handlogten for the Knicks protected 1st round pick. It was one of those *strange trades that still doesn't make much sense to me, but it worked out great for the Jazz. Clark and Handlogten never played a minute for any other NBA team besides the Jazz. Somehow the Jazz got Gugliotta, a 2004 1st round draft pick and this protected Knicks pick.
*Here are the trade details from Gordon Hayward's basketball-reference.com's page: "Traded by the Phoenix Suns (as a 2010 1st round draft pick) with Tom Gugliotta, a 2004 1st round draft pick (Kirk Snyder) and a 2005 2nd round draft pick (Alex Acker) to the Utah Jazz for Keon Clark and Ben Handlogten."
Well the protection finally ended last year and the Jazz had the Knicks 1st round pick regardless of it was the 1st pick in the draft. The Knicks ended up tied with the Clippers for the 8th worst record in the league, which resulted in the 9th pick in the 2010 Draft. Finally the time had come for the Jazz to cash in on the pick they had been waiting for since the *days when Isiah Thomas thought Stephon Marbury was the point guard of the future for the Knicks.
*Side note - On the day after the trade was announced the Jazz ironically enough played the Knicks in Madison Square Garden. The leader scores in order for the Knicks that day were; Stephon Marbury, Tim Thomas, Shandon Anderson (remember him Jazz fans) and Penny Hardaway. THAT might be the best way of showing you how long ago the trade was. Oh yeah the Jazz won 92-78 and the first line of the recap on espn was "Stephon Marbury had an unhappy 27th birthday, getting booed at Madison Square Garden in a Friday night fiasco."
With the 9th pick in the 2010 NBA draft the Jazz took Gordon Hayward from Butler University to help replace the impending departures of Kyle Korver and Wes Matthews. Hayward was a 20 year old wirey forward who had led Bulter to the title game. There were some concerns from the beginning as Jazz fans booed the pick. For a great recap feel free to check out the Gordon Hayward to the Jazz post on June 25th of this year.
Now we are only 12 games into the season and even though I know that isn't much time and that Hayward still is four months away from being able to order a beer at the bar. I know all of these things. I also know that Coach Sloan can be tough on rookies and that even an All Star like Deron Williams struggled and even was benched for Keith McLeod for 32 games. Still I can't help but worry about Hayward. Here are the top 5 things that worry me:
- Shooting ability - I know that because of the color of his skin, the fact that he is from Indiana and his reputation that most people think of Hayward as a great shooter. He is a good shooter as long as we are talking about free throws. As for three pointers he shot 29.4% last year...in college...with most of his games being in the Horizon League. Now Andrei Kirilenko is a career 31.2% three point shooter and I would never classify Kirilenko as a good outsider shooter. The reason why is because the worst three point shooting team last year were the Pistons and they shot 31.4%. So to recap Hayward has a reputation as a shooter, but in his last year of college he wasn't even an average NBA shooter despite playing against worse competition and having the advantage of a shorter 3 point line. It is time to realize that Hayward just might not ever be a good shooter?
- Advanced numbers - What do you want to pick? Win Score/48 minutes = -.07. PER = 3.5. Simple rating on 82games.com = -22.1. You don't even have to know what these stats mean to realize that negative numbers are not good. The Jazz are losing by an average of 25 points per game when Hayward is on the court.
- Draft Potential - Coming out of the draft Hayward was rated as the 17th best talent using John Hollinger's Draft Rater. Hayward's peak PER prediction was 11.87, which would have placed him in between Wes Matthews and CJ Miles production from last year. Again this is Hayward's peak PER that should happen in years 4-5.
- The Miss - I don't know if anyone has ever received more credit for a miss than Hayward did with his halfcourt heave that almost beat Duke. The only comparison I can think of is Charlie Weis getting an extension for almost beating USC in the "Bush Push" game. Maybe he wouldn't have needed a shot like that to win if Hayward had hit more than two of his previous ten shots? While the 8-8 from the line is great, it is a little concerning that against Duke he was only 2-11 from the field and 0-3 from three pointers.
- Jazz 1st round pick history - This is not fair for Hayward, but it is hard to judge him without thinking about former first round busts; Kosta Koufus, Morris Almond, Kris Humphries, Kirk Synder or Sasha Pavlovic. What kind of odds would you give Jazz fans right now that the Jazz 2nd round pick Jeremy Evans is better than Gordon Hayward? Does anybody else feel like this might shape up like the 2006 draft when the 2nd round pick (Millsap) was better than the 1st round pick (Brewer).
I don't want to start worrying so soon about Gordon Hayward, but it is hard not to when I think about all the factors. If only one or two of the above were true, then I might be able to shake off my concerns a little bit easier. I might be able to better hear my former Stats professors at Miami University screaming at me "small sample size." Instead if I just keep thinking that if it isn't now, then when should we start worrying about Gordon Hayward?
Tuesday, November 16, 2010
Miami vs. Duke
Monday, November 15, 2010
Writing Style
Tuesday, November 9, 2010
The undervalued Paul Millsap
- LaMarcus Aldridge: 28.8 wins
- Tyrus Thomas: 12.3 wins
- Andrea Bargnani: 11.8 wins
- Shelden Williams: 6.3 wins
- Adam Morrison: -1.4 wins
Paul Millsap has produced 26 wins, which means he falls right below LaMarcus Aldridge in total wins produced. Now given the choice I would still take Millsap over Aldridge (even removing the salary difference) because Millsap has produced only 10% less wins despite Aldridge playing in 29% more minutes. Millsap has been a better shooter (53% eFG% > 49%), rebounder (Total Rebound 16.3% > 13%) and has produced a higher WS/48 minutes every single year. And oh yeah just in case you were looking at salary Millsap has made half what Aldridge has made so far.
I would rather have Millsap than any of the top 5 picks and besides Aldridge it really isn't even that close. Still two of the top 5 players (Aldridge and Bargani) from that draft make more money than Millsap with a third (Thomas) being paid only $1M less.
Millsap has been extremely productive over his first four years of service to the Jazz and for that he has been paid $9.8M. That is obviously a lot of money in real world terms, but in the world of the NBA that has been a huge bargain. The Jazz paid less than $133K per win that Millsap produced in the first three years and with the huge bump in salary (an 864% raise) he was paid $900K per win (regular season and playoffs) last year. Over the first four years he was paid $395K per regular season win he produced for the Jazz. To give you some perspective Kobe Bryant was paid $1.8 for every win (regular season and playoffs) he produced for the Lakers.
In fact Millsap was the most cost efficient of all of the Jazz regulars last year with one glaring exception. Wesley Matthews produced 5 wins over the course of the year, which considering he made only $457K means that his COW (Cost of Win) = $92K. In fact I looked up a few NBA players off the top of my mind to see how their COW compared to the Jazz players from last year.
The Jazz have Millsap locked up for the next three years at a very reasonable rate considering his age and production. If anything the Jazz just have to play him more and they will start seeing one of the most productive players in the NBA. That is why it shouldn't be too suprising that now that his minutes per game has increased to 36.5 this year his wins produced ranking is now 12th in the league right after Kobe Bryant and Dwight Howard.
If he keeps this up then maybe some day he won't have to sit and watch other less talented players get the headlines. Maybe then he will also be able to see his jersey next to Wiliams, Boozer, Kirienko, Malone, Hornachek and Okur when a fan searches for jerseys on fansedge.com. (You can get a great white Millsap jersey on the utahjazzstore.com so they are out there). Maybe some day he will also have a statue outside Energy Solutions Arena (or whatever it is called then). I for one don't want to be the next in a long line of people who to underestimate Paul Millsap.
Monday, November 8, 2010
Vita.mn Restaurant Guide
Friday, November 5, 2010
John Stockton on Salt City Hoops
Tuesday, October 26, 2010
The top 14 things for Jazz fans to be excited about this season
1. Al Jefferson playing with a real point guard. Jonny, Flynn, Sebastian Telfair, Marko Jaric and Delonte West are some of the better point guards that have been passing Big Al the ball. Now one of the best low post scorers in the NBA is playing with one of the best (if not the best) point guard in the NBA. Jefferson is now happy, motivated and in a great situation for him to succeed. I can't wait to see his first 30 point 16 rebound game.
Wednesday, October 20, 2010
The Post My Brother In Law Is Afraid To Write
Sunday, October 10, 2010
The 2010 Minnesota Twins
Vegas is a place of excess. There is really no other way of describing it. The lights are brighter, the food is better and the amount of money gambled can make sleeping at night a difficult experience. For me it was a relatively successful weekend. I won 8 out of 11 of my sports bets with the only losses being NC State (against VA Tech), the Colts (against the Jags) and the Seahawks (against the Rams). Those sports bets netted me a decent amount of money that I then conveniently lost playing blackjack, roulette and craps. Unfortunately I didn't win enough money to quit my job or even win enough money to come out head. I did have a great time and didn't lose very much money, which is better than a lot of people who visit Vegas can say.
Blackjack was the main game we played in Vegas. For those of you that don't know basic strategy in blackjack results in the house having a 52% advantage to the player's 48%. In the short term playing a hand of blackjack is close to a coin flip. In the long term that house advantage can add up, so that the casinos build bigger and bigger hotels.
Tuesday, September 28, 2010
A pesky problem
Wednesday, September 22, 2010
Sports Update - the pinnacle?
I was thinking to myself the other day about how this might be it. This might be the pinnacle of my life as a sports fan. The reason for thinking this is because everything seems to be working out for my favorite teams. Here is a rundown:
Duke Basketball - They won the 2010 National Title and are ranked #1 in almost all 2010-2011 previews like this one from ESPN. They have a really exciting guard based team (Smith, Singler, Dawkins, Irving etc) coming back next year that includes the brother of one of my favorite players Stephen Curry. Also, in addition to that they signed a recruit from Brandon, Mississippi (Tyler Adams) and look to be the frontrunners to sign the #1 ranked player (Austin Rivers) in the Class of 2011. It is amazing how things have changed in a year since at this time last year I was lamenting the state of Duke vs. UNC.
The Defense has been incredible with Cameron Wake providing an great pass rush, Karlos Dansby living up to his free agent contract and also great play from Koa Misi, Vontae Davis, etc, etc. Misi, Davis and Wake were highlighted by Peter King as some of his Defensive Players of Week 2 in his Monday Morning Quarterback column.
Tuesday, September 14, 2010
Personal Finance - the salary question
Monday, September 13, 2010
New job
Monday, August 30, 2010
Utah Jazz 2010-2011 Season Forecast: Steady with Sloan
My unsolicited advice for those readers with a large ego is to become a forecaster. I am confident that the size of your ego will dramatically decrease when you see just how difficult it is to forecast. The reason I can write this so confidently is that for the last three years I have been a professional forecaster for a Fortune 500 company. In addition to forecasting over 2,000 items I have participated in plenty of training sessions aimed at improving forecast performance. One might think that with this experience that I might be an expert forecaster. I am not. I try my best to increase the probability that my forecast will be accurate, but a good portion of the times the actual demand doesn't cooperate with the forecast.
- Mean - A simple average of the 21 seasons is 51 wins per season.
- Median - The middle number of wins was 53 wins in a season.
- 3 year moving average - The average number of wins over the past three years has been 52 wins per season.
- Regression Analysis - 47 wins (This type of data looks at past data points and tries to create a "line of best fit"that reduces the amount of error between the model and the data. )
- Simple Exponential Smoothing - 52 wins (This type of forecasting places greater emphasis on more recent data points. If you care I used an optimal alpha of 0.79)
- Linear Trend Analysis - 45 wins (This type of forecasting technique tries place the best straight line through the data.)
There was no reason to mess with those numbers, but with other players I made assumptions detailed below.
- Paul Millsap will have the same WS/48 (0.151) but will play more (projected 2673) because of Boozer leaving.
- Al Jefferson will have the same career WS/48 (0.119) and will play about the same minutes (2900) that he did in the 2007-2008 season.
- Andrei Kirilenko will have the same WS/48 (0.171) as last year, but will play more minutes (1802).
- Gordon Hayward was probably the most difficult player to forecast. I looked at the rookie year WS/48 for the past ten 9th picks in the draft. The average WS/48 was 0.0768, which included really good players like Andre Iguodala, Amare Stoudemire and Joakim Noah as well as busts like Patrick O'Bryant and Rodney White. The 9th pick of the draft seems to be very hit or miss with he lone exception being last year's 9th pick Demar Derozan, whad a WS/48 of 0.066 over 1664 minutes. For Hayward I used the average WS/48 of the past ten 9th picks (0.0768) and then estimated he would play 1700 minutes.
- Raja Bell - I estimated 1500 minutes and then used his career WP/48 of 0.085.
- CJ Miles - I increased his minutes to what Wes Matthews played last year (2025) and kept his below average WS/48 of 0.061 the same. The Jazz could really exceed expectations if Miles improves his game since there will definitely be minutes available for him.
- For the other players (Price, Fesenko, Gaines, Evans and Jeffers) I made a few minor adjustments, but nothing that would affect that Jazz win total by more than maybe a game or two.