Maybe, maybe not. I have a couple of thoughts on this. First, the Twins are doing more than people know in this regard, as are many clubs. Just because they don't broadcast it doesn't mean it doesn't happen. They were well behind the curve a couple of years ago but have made up some ground. Second, baseball is more fundamentally a human industry than finance. It remains to be seen to what extent you can treat humans as assets. To me this is the mistake of comparing Luhnow and Theo (and , they are on different levels with this. There are multiple ways to be successful because of this and value can be captured in multiple ways. Third, baseball is at a massively smaller scale than finance with limited firms and complete barriers to entry. There are limits to arbitrage. Bottom line, as I see it, is that there is certainly value being captured, but there is value that can be captured through other methods as well. To wit, Boston is probably doing pretty much the same stuff as ChC, Hou, Pit but they aren't being praised because they have made some poor moves. It will go in cycles like anything.