Dayton Business Journal…
Bengals, Reds in middle on ‘smartest spenders’ list
Tuesday, September 4, 2012 

The Cincinnati Reds and Cincinnati Bengals both rank in the middle of professional sports teams when it comes to the smartest spenders. 

According to Bloomberg Businessweek, the Reds ranked No. 73 and the Bengals No. 78 out of 122 professional sports teams. 

Bloomberg said it used payroll data to calculate how much teams spent per win over the last five seasons, “then compared every team against league average, producing a total score we call the efficiency index. The median score for every league is zero. The lower the score, the less a team spent for its wins.” 

The Tampa Bay Rays topped the list with a -1.8198 “efficiency index,” thanks to their $50.2 million average payroll over the past five years, which is almost $40 million less than the league average over the same period. 

The St. Louis Rams ranked last on the list. 

Read this article with links, plus see the full list at Dayton Business Journal