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Marginal Payroll Dollars per Marginal Win, a measure introduced by Doug Pappas which evaluates the efficiency of a club's front office by comparing its payroll and record to the performance it could expect to attain by fielding a roster of replacement-level players, all of whom are paid the major league minimum salary. The formula is:
(club payroll - (28 x major league minimum) / ((winning percentage - .300) x 162)
Recent MLB-wide MP/MW rates using end-of-year payrolls:
2007: $2,460,984
2008: $2,625,267
2009: $2,652,167
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