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Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

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Precision Guesswork Precision Guesswork A History of Draft Value in Major League Soccer By Howard Hamilton
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Page 1: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

Precision GuessworkPrecision GuessworkA History of Draft Value in Major League Soccer

By Howard Hamilton

Page 2: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 2

What is a MLS draft pick worth?

50% never appear in league50% never appear in league50% out of MLS within 4 years50% out of MLS within 4 years

55% don't achieve expected 55% don't achieve expected career value for their teamscareer value for their teams

If you knew what a draft pick is worth, what would you do with it?

Page 3: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 3

Talk Outline● The Draft in Context● How do we value a

draft pick?● How have draft

values evolved?● Which draft picks

stand out?● Which clubs stand

out in the Draft?

Page 4: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 4

MLS Player Data Set

Biographical Data

Initial AcquisitionData

FinancialData

(2007-2015)

PerformanceData

Player Name(s)Date of BirthNationality

Default Position(s)

Acquisition YearAcquiring TeamAcquisition Path

Draft Path:Draft Type

RoundSelection NumberGeneration Adidas

(N=1813)

Contract YearContracting TeamCompensation:

BaseGuaranteed

MinutesAppearancesSubstitutions

Yellow/Red CardsField Player-specificGoalkeeper-specific

All players acquired by Major League Soccer between 1996-2016 (N=3250 players)

Data Sources: MLS Players Union (Financial Data), ENB Sports Soccer Player Database (Performance Data), Major League Soccer (Acquisition Data)

Page 5: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 5

Analysis OverviewNormalization of Draft Position

α=k−1N−1

α :[1,N ]→[0,1]

Survival Analysis

S(t ij)=Pr [T i> j ]Event: Final exit from Major League SoccerCensored Observations: Active MLS players

All Players Drafted Between 1996-2015

Page 6: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 6

Draft Declining In Influence – But Still Important

Golden Age of the

Drafted Player

Current Reality of the

Drafted Player

Page 7: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 7

Contribution of Draftees to Goals Scored in MLS

Page 8: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 8

Contribution of Draftees to Goal Assists in MLS

Page 9: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 9

Contribution of Draftees to Clean Sheets in MLS

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CASSIS 2016 10

Draft Mortality

48% of draftees never appear!

Year 3 or Bust!

What percentage of draftees never appear in MLS?

Page 11: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 11

Draft Mortality of MLS Clubs

Page 12: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 12

Draft Classes Have Short Half-Lives

Median tenure of MLS draft class: 3.68 years

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CASSIS 2016 13

Club Draft Classes' Are Even Shorter!

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CASSIS 2016 14

Draft Position Explains Expected Tenure

Page 15: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 15

Only Early Draft Picks Can Expect 100-Game MLS Careers

Page 16: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 16

Given this environment for drafted players,what is a draft pick worth?

40% of all players40% of all players20% of incoming players20% of incoming players50% never play in league50% never play in league

3.5 years with drafting team3.5 years with drafting team

Page 17: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 17

Valuing MLS Draft Picks

Player Value Expression Player Value Scope

Time Horizon

Minutes

Minutes + goals + assists(Field players)

Minutes + goals allowed + clean sheets(Goalkeepers)

Average

Maximum

Career

Cumulative to previous year

Up to N years before previous year

V=√ ( MMmax

)2

+( GGmax

)2

+( AAmax

)2

3, field players

V=√ ( MMmax

)2

+(1− GA

GA ,max)2

+( SSmax

)2

3, goalkeepers

All College/SuperDraft Selections Between 1997-2013

Page 18: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 18

Draft Pick Valuation ModelsTraining Data

Career value of drafted playerCareer value of drafted player up to current year

Cumulative value of drafted player while playing for drafting club up to current year

Omniscient Model

Present Model

Club Model

Page 19: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 19

Evaluating MLS Draft Picks● Create draft value curve by local regression → V()● Value differential: difference between expected and actual

career values

R= Δ eα ,Δ>0Δ e1−α ,Δ<0

Δ=∑ V p−V (α)

Draft Performance Rating

Value Differential Scaled by Draft Position

Page 20: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 20

Draft Pick Value ModelOmniscient, Infinite Horizon

Page 21: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 21

Draft Pick Value ModelOmniscient, Limited Horizon

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CASSIS 2016 22

2009 Draft Pick Value ModelCurrent, Limited Horizon

Page 23: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 23

2009 MLS SuperDraft Value CardPick Value Pick Value Pick Value Pick Value

1 100 16 34.7 31 31.9 46 14.9

2 94.5 17 33.2 32 31.1 47 13.8

3 89.1 18 32.3 33 30.0 48 12.7

4 83.8 19 31.8 34 28.7 49 11.6

5 81.2 20 31.6 35 27.9 50 10.9

6 75.2 21 31.4 36 26.3 51 9.7

7 71.7 22 31.4 37 25.4 52 9.0

8 66.5 23 31.4 38 24.0 53 7.9

9 61.4 24 31.7 39 22.6 54 6.8

10 58.3 25 31.9 40 21.8 55 6.1

11 52.9 26 32.3 41 20.4 56 4.8

12 50.0 27 32.6 42 19.7 57 4.3

13 45.5 28 32.8 43 18.5 58 3.3

14 41.0 29 32.8 44 17.3 59 2.2

15 36.9 30 32.5 45 16.1 60 1.1

Page 24: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 24

2013 Draft Pick Value ModelCurrent, Limited Horizon

Page 25: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 25

2013 MLS SuperDraft Value CardPick Value Pick Value Pick Value Pick Value

1 100 11 20.8 21 0.7 31 0.5

2 91.6 12 14.8 22 0.7 32 0.4

3 83.2 13 10.1 23 0.7 33 0.3

4 75.0 14 7.0 24 0.7 34 0.2

5 66.8 15 4.8 25 0.7 35 0.1

6 58.8 16 3.3 26 0.7 36 0

7 50.9 17 2.3 27 0.7 37 0

8 43.2 18 1.7 28 0.6 38 0

9 35.7 19 1.2 29 0.6

10 28.2 20 0.9 30 0.5

Page 26: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 26

Relative Draft ValueLack of Time Horizon Overvalues Late Draft Picks

Page 27: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 27

Expected Draft ValueOmniscient Model Yields Optimistic Estimates

Page 28: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 28

Expected Draft ValueDrafting Clubs Don't See Most of Drafted Player Value

Page 29: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 29

Early Draft Picks' Competition: Other Domestic Signings

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CASSIS 2016 30

Expected Salary Cost of SuperDraft Picks

Page 31: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 31

Draft Performance Extremes:Present Draft Valuation Model

Year Pick Player Position Club1997 29 Kevin Hartman GK LA Galaxy

2002 50 Davy Arnaud F Sporting Kansas City

2005 35 Gonzalo Segares D Chicago Fire

2010 51 Sean Johnson GK Chicago Fire

MLS College Draft/SuperDraft, 1997-2013

Year Pick Player Position Club1998 3 Ben Parry D San Jose Earthquakes

2005 1 Nik Besagno M Real Salt Lake

1997 2 Mike Fisher M Tampa Bay Mutiny

2011 1 Omar Salgado F Vancouver Whitecaps

Draft Busts

Draft Gems

Page 32: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 32

Draft Performance Extremes:Club Draft Valuation Model

Year Pick Player Position Club1997 29 Kevin Hartman GK LA Galaxy

2002 50 Davy Arnaud F Sporting Kansas City

2005 35 Gonzalo Segares D Chicago Fire

2010 51 Sean Johnson GK Chicago Fire

MLS College Draft/SuperDraft, 1997-2013

Year Pick Player Position Club1998 3 Ben Parry D San Jose Earthquakes

2001 1 Chris Carrieri F San Jose Earthquakes

1997 2 Mike Fisher M Tampa Bay Mutiny

1999 1 Jason Moore M DC United

Draft Busts

Draft Gems

Page 33: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 33

Draft Performance Extremes:Defenders (Present Model)

Year Pick Player Club2004 60 Jeff Parke New York Red Bulls

1998 30 Joe Franchino LA Galaxy

2005 35 Gonzalo Segares Chicago Fire

1998 8 Mike Petke MetroStars

MLS College Draft/SuperDraft, 1997-2013

Year Pick Player Club1998 3 Ben Parry San Jose Earthquakes

2000 9 John Wilson Sporting Kansas City

1999 10 Tony Soto LA Galaxy

1999 9 Matt Chulis Columbus Crew

Draft Busts

Draft Gems

Page 34: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 34

Draft Performance Extremes:Forwards (Present Model)

Year Pick Player Club2002 50 Davy Arnaud Sporting Kansas City

1998 9 Jeff Cunningham Columbus Crew

2004 53 Alan Gordon LA Galaxy

2005 29 Chris Rolfe Chicago Fire

MLS College Draft/SuperDraft, 1997-2013

Year Pick Player Club2011 1 Omar Salgado Vancouver Whitecaps

1999 7 John Wolyniec MetroStars

1999 8 Andrew Mittendorf Colorado Rapids

2007 8 Jerson Monteiro Chicago Fire

Draft Busts

Draft Gems

Page 35: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 35

Draft Performance Extremes:Goalkeepers (Present Model)

Year Pick Player Club1997 29 Kevin Hartman LA Galaxy

1998 26 Matt Reis LA Galaxy

2000 35 Nick Rimando Miami Fusion FC

2002 23 Jon Busch Columbus Crew

MLS College Draft/SuperDraft, 1997-2013

Year Pick Player Club2008 8 Josh Lambo FC Dallas

2008 12 Dominic Cervi Chicago Fire

2002 22 Bryheem Hancock LA Galaxy

2002 24 Mike McGinty DC United

Draft Busts

Draft Gems

Page 36: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 36

Draft Performance Extremes:Midfielders (Present Model)

Year Pick Player Club2003 43 Jack Jewsbury Sporting Kansas City

1998 14 Carey Talley DC United

1998 13 Pablo Mastroeni Miami Fusion FC

2002 3 Brad Davis MetroStars

MLS College Draft/SuperDraft, 1997-2013

Year Pick Player Club2005 1 Nik Besagno Real Salt Lake

1997 2 Mike Fisher Tampa Bay Mutiny

2007 6 Nico Colaluca Colorado Rapids

2008 5 Ciaran O'Brien Colorado Rapids

Draft Busts

Draft Gems

Page 37: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 37

Which MLS Clubs Find Draftees Who Have Productive MLS Careers?

MLS College Draft/SuperDraft, 1997-2013

Page 38: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 38

Which MLS Clubs Find Draftees That Benefit Them?

MLS College Draft/SuperDraft, 1997-2013

Page 39: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 39

Middle Draft Selections Hard to Get Right

Page 40: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

CASSIS 2016 40

An endangered species in a crowded player acquisition environment.

Low lifetime costsLow lifetime costs

Long time to high valueLong time to high valueLow value after Round 1Low value after Round 1

The MLS Draft

Passing on late rounds of MLS SuperDraft becomes understandable.

Page 41: Precision Guesswork: History of MLS Draft Value (CASSIS 2016)

Thank You!Thank You!Soccermetrics Research, LLC

www.soccermetrics.net@soccermetrics

Howard H. Hamilton, Ph.D.


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