The reason why players are more valuable than managers on a sports team isn't because the market is efficient. Players put butts in seats. Nobody goes to a game

The reason why players are more valuable than managers on a sports team isn't because the market is efficient. Players put butts in seats. Nobody goes to a game to see the manager, even if he's the guy running the show. People like big name stars. They sell tickets, so they are more valuable. Big name actors can make more than directors. Same reason. They sell tickets. Most us us don't work in a market that works remotely like that.