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The Contract Year Phenomenon Revisited: Heterogeneous Performance Responses in Major League Baseball
This study re-examines whether the performance of Major League Baseball batters changes in contract years. Using a panel of 3,654 player-season observations covering 1,003 players from 2015 to 2025, we estimate two-way fixed effects models with expected weighted on-base average (xwOBA) as the primar
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