Longley, Neil; Lacey, Nelson J. - In: Journal of Sports Economics 13 (2012) 5, pp. 471-493
outcomes in a way that is not neutral with respect to payroll. The article finds, for example, that in the NHL over the 1994 …-2004 time period, team success in the playoffs was much less dependent on payroll than it was during the regular-season. The …
