The Extra 2%

The Extra 2%

By Jonah Keri

  • Release Date: 2011-03-08
  • Genre: Baseball
Score: 4
4
From 178 Ratings
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Description

What happens when three financial industry whiz kids and certified baseball nuts take over an ailing major league franchise and implement the same strategies that fueled their success on Wall Street? In the case of the 2008 Tampa Bay Rays, an American League championship happens—the culmination of one of the greatest turnarounds in baseball history.

In The Extra 2%, financial journalist and sportswriter Jonah Keri chronicles the remarkable story of one team’s Cinderella journey from divisional doormat to World Series contender. When former Goldman Sachs colleagues Stuart Sternberg and Matthew Silverman assumed control of the Tampa Bay Devil Rays in 2005, it looked as if they were buying the baseball equivalent of a penny stock. But the incoming regime came armed with a master plan: to leverage their skill at trading, valuation, and management to build a model twenty-first-century franchise that could compete with their bigger, stronger, richer rivals—and prevail.

Together with “boy genius” general manager Andrew Friedman, the new Rays owners jettisoned the old ways of doing things, substituting their own innovative ideas about employee development, marketing and public relations, and personnel management. They exorcized the “devil” from the team’s nickname, developed metrics that let them take advantage of undervalued aspects of the game, like defense, and hired a forward-thinking field manager as dedicated to unconventional strategy as they were. By quantifying the game’s intangibles—that extra 2% that separates a winning organization from a losing one—they were able to deliver to Tampa Bay something that Billy Beane’s “Moneyball” had never brought to Oakland: an American League pennant.

A book about what happens when you apply your business skills to your life’s passion, The Extra 2% is an informative and entertaining case study for any organization that wants to go from worst to first.

From the Hardcover edition.

Reviews

  • Save your money and read Wikipedia

    2
    By Militant pacifist
    This is a very disappointing read. Every chapter was clearly written separately as there is frequent and repetitive introduction at the start of every chapter. Moreover, the book constantly refers to going the extra mile, making special moves, the extra 2% we are ostensibly learning about, but then never details just what that is. You could read the Wikipedia article about the 2008 season and learn just as much, or maybe more.
  • The story of sports greatest underdogs

    5
    By A 10 year customer
    Loved the book. It's geared toward the true baseball fan who has been wondering what goes on in the coveted front offices of the major leagues. Keri helps you to understand the unbelievable difficulty it is to overcome insurmountable odds. Great sports centered book.
  • Great.

    5
    By Bucdomdave
    If you are a Rays fan, you need to read this book. It is filled with history of the franchise and explains how the recent success of the team is by design and not merely due to chance and draft picks. It was very interesting.
  • Great book

    5
    By Mallas7
    Must read!
  • Cubzfan4ever

    5
    By jambo mambo kambo lambo
    A great book that correctly displayed the journey ride that the '08 Rays experienced! Fantastic book!
  • Avoid this book

    2
    By orthodez
    This book really provided no insight into the success of the ball club beyond 'buy low, sell high'. It had a very narrow focus, and because there was so little to write about, it was very repetitive.

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