There has been a great debate regarding the performance of teams in events and impact of external factors in influencing the team win rate in an event. Much literature has focused on whether teams with higher salaries perform exceptionally well in an event or not? Many researchers feel that teams having high salary and budgets win more games compare to other teams having less budget (Anderson, 2008). However, performance of team players varies from year to year; there is no assurance of same performance level in every event. In our research, baseball teams have been divided into American League ...