Basketball's Moneyball

Surprisingly hard-hitting article on the NBA draft coming out of ESPN.com today. In the piece, John Hollinger proposes a statistical system for judging incoming collegiate basketball talent, an approach reminiscent of the Oakland A's draft strategy, as discussed in Michael Lewis's Moneyball.

It's a great study - Hollinger really breaks down the draft and assembles an algorithm that does a great job rating the players - better than the market does (based on comparing results from the system applied to previous drafts with how the drafts themselves played out). It's by no means a quantum leap, but it still does appear to do a significantly better job.

I guess it's just further proof that market efficiency rears its (pretty? ugly? you decide) head everywhere. It'll be interesting to see how, if at all, these rankings affect how the draft actually goes down...