Found October 30, 2012 on Pirates Prospects:
Last week, during the round table discussion at Bucs Dugout, a question was raised about how each team’s draft results compare to their total spending. I’ve previously looked at the 2008 draft, noting the success stories from each round, and comparing that to what the Pirates got. Looking at the $/WAR for each team sounded interesting. It’s not a perfect method, but it would be one of the best ways to quantify draft scouting. In theory, if a team had good scouts, they’d have a lower $/WAR than a team with poor scouting. If two teams had a total WAR of 1.0, and one team spent twice as much to get there, we’d conclude that the team spending more got there because of money, that the team spending less got there because of scouting, or both. Before we get to the results, there are a few notes on the process. I included every player who was drafted and signed by a team, even if that player was traded and had their WAR with a different club. The focus here is on finding talent, regardless...
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