While the Wipons are leveraged to the hilt, this offseason has been a textbook case about how a team and a general manager use leverage (or have it used against them.) While TNT canceled the TV show âLeverage,â that word is still being used more today than Iâm guessing any of us would have imagined just five years ago.
So, what is leverage? The dictionary definition is as follows:
a. The action of a lever.
b. The mechanical advantage of a lever.
2. Positional advantage; power to act effectively: âstarted his . . . career with far more social leverage than his father had enjoyedâ (Doris Kearns Goodwin).
3. The use of credit or borrowed funds to improve oneâs speculative capacity and increase the rate of return from an investment, as in buying securities on margin.
Weâre focused more on the definitions listed second and third, although at this point it shouldnât surprise us if the first definition makes it into our sports lexicon soon, too.
The Wilpons are leveraged to the hilt â...