Here’s a link to a link of a cool study.

The idea is this: teams that make the playoffs often fail to repeat the next year. Why? Because they probably were mostly lucky the first time.

Suppose a team won 100 games. How good a team was it in terms of talent? The answer: probably less than a 100-game talent. Either it was a less-than-100 talent that got lucky, or it was a more-than-100 talent that got unlucky. But since there are many more below-100 teams than above-100 teams, it was probably on the lucky side.

There are many interesting specifics in the full study that compare actual performance to talent, such as this one: The average 100-win team is really only a 93-win team. I find that fascinating.

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