@Fletch said in [Signing Suggestions & Rumours](/post/1108146) said:
$327k is the median of the salary cap, but not necessarily the average salary. Without accurate salary figures it’s difficult to determine the average as it depends on how many players on a roster are earning overs and unders and by what margins. I’m guessing the average salary would be lower than $327k considering marquee players take up large portions of the cap - it would be interesting to know…
No I'm pretty sure you are not correct. Assuming the club spends 100% of its salary cap (I think they have to spent at minimum 90%?) then the average salary is, by definition, $9.8M divided by 30, for each and every club. We know these parameters to be set and not dependent on an individual allocation of funds.
The median is actually the calculation that is impacted by significant individual salaries, because it's the "middle value" of the set.
So for instance, an imaginary pool of 10 players
1, 1, 1, 1, 0.5, 0.5, 0.5, 0.5, 0.2, 0.2 --N = 10, sum = 6.4, median = 0.5, average = 0.64
1, 0.9, 0.9, 0.9, 0.7, 0.6, 0.5, 0.4, 0.3, 0.2 --N = 10, sum = 6.4, median = 0.7, average = 0.64
Note how the median is skewed in the first set because of the uneven distribution of funds, even though the top 4 players are on almost the same money.
I have to reacquaint myself with the ‘4 averages’: mean, median, mode and range.
I think what I’m searching for is an average that’s closer to the ‘mode’ (data that occurs the most) - rather than the mean or median averages.
To get the mode average don’t we need to eliminate the data from the bell curve that ‘skews’ - i.e. the high earners and those on the minimum wage, and then calculate the average from what’s remaining...?
To me the mode average would be interesting in relation to the salary cap, but it’s difficult to attain unless you have the data, plus you then need to apply discretion to determine how much data you eliminate - and where you apply that discretion will give you different results.
Ahh... footballers make good money is the point of it all, whatever the mathematical mechanism to get there. Yes many fall by the wayside but so does the general public in many endeavours big and small. So my point being - sure footballers want to make as much money as possible with their opportunities, but who doesn't? And most folks don't get a shot at several hundred thousand p.a.