J.E. wrote:To clear up some confusion:
Alas, some confusion remains. So, all the result of single year regressions posted have been shifted to find the best fit around zero, but the 10 year regression, what throws "coaches" into the mix, has not been.
Assuming this is correct, is there any inference based on past shifting that might suggest what the appropriate correction might be for the 10 year data? Can it be understood to be positive or negative, and is there a reliable approximation that could be provided, short of doing the actual work?
mystic wrote:No, that is not how it works. Rose naturally improves after Del Negro left and Thibodeau comes in.
I don't think we disagree on the implication of the non-inclusion of aging curves on coaches ratings, do we? Those coaches in the 10 year sample who, on average, coached young teams (when players are improving "just" for having gotten more mature) will have their estimates biased upwards, and vice versa. On this account, Tom Thibodeau likely appears a bit better and Jeff Van Gundy, for example, a bit worse.
mystic wrote:schtevie wrote:The apparent fact of the matter is that "head coaches" (coaching staffs, really) aren't that important in the grand scheme of things. Furthermore, on average, this collective input into the NBA production function appears to subtracts value.
It is not possible to draw such conclusions, because we are dealing with a biased sample. We could say that each team can select a head coach with rather similar success, but we can't say at all that the coaching staff is not important. The selection bias has to be taken into account. There is no comparison to situations without coaching, only with different preselected coaches.
Perhaps I wasn't clear, but I still think there might be disagreement on the point I was trying to make. I was not trying to make the point that coaching isn't required in NBA basketball. Of course it is. What the regression results quite clearly demonstrate, however, is that "best practice" coaching (as judged by conventional wisdom) doesn't seem to contribute all that much on the scoreboard: it's the players that matter (and by implication the GMs, e.g. Popovich, Gregg).
I have absolutely no doubt that Phil Jackson is a very good coach. (11th out of 99 over the past ten years, sez the results.) Surely excellent at managing over-sized egos. But the regression results say that over the course of his career, his (and his staff's) efforts have added about 0.8 points per game. That's not nothing (and relative to the average coach, if that's the comparison, it's a bit better still) but does that make him worth $10 million (or however much he commands) plus the extra few million for his assistants? More generally, are coaching expenditures, league-wide, rational? Are the benefits from the average (multimillion dollar) NBA coaching expense equal to the benefits gained from -0.5 points per 100 possessions (or whatever the correct, shifted value is)?
Finally,
mystic wrote:schtevie wrote:And this (non-positive) result should be robust, given that it is based on 10 years' worth of data, no?
As I pointed out, there is a big issue with such long sample. Without a proper development curve for each player the results are basically becoming worthless.
I don't think this is right. The argument is not that the regressions based on the 10 year sample provide the best estimates of contemporary player values. The issue is whether the results for
coaching can be understood to be in the right ballpark in terms of the average contributions of coaches. Yes, as already noted, the omitted variable of player maturation does effect the coaching estimates, but is there any reason to believe that this is economically meaningful and/or changes the general picture portrayed? This is not my sense, but it is an econometric point.