from Ira Boudway, Ritchie S. King, Jennifer Daniel, and Paul Franzen of Bloomberg Business Week,

Behold our second annual ranking of how well the 122 franchises in the NFL, NBA, NHL, and MLB spend their money. We’ve used payroll data (from USA Today, Basketball-Reference.com, NBC Sports, and NFL.com) to calculate how much teams spent per win over the last five seasons. (For baseball, we also include the first half of the current season.) We then compared every team against league average, producing a total score we call the efficiency index. The median score for every league is zero. The lower the score, the less a team spent for its wins.

continued and 3 NHL teams in the top 10, Detroit, Pittsburgh and Boston...