Johnny Sunk Costs
In an outstanding piece on Johnny Manziel’s disastrous rookie season — the type of work that I really wish ESPN did more of — was a tidbit that makes me think either I or the quoted source have no idea how sunk costs work:
One former NFL assistant coach familiar with developing quarterbacks said it was a mistake to draft Manziel, but it would be a bigger mistake to let him go.
I’m pretty sure that is the definition of the sunk cost fallacy. I mean, it isn’t necessarily so because of the potential for Manziel to dramatically shift in value from the time he was drafted (though everything in the piece indicates that is the opposite of true). And it is possible that the coach was referring specifically to wear Manziel was drafted (1-22). And yet… you see this type of flawed logic applied all the time in sports. Kudos to the Detroit Pistons for bucking this trend with their recent outright release of Josh Smith.
Feel free to discuss either my own or the coach’s inability to grasp the sunk cost fallacy, the Manziel piece in general, or anything else sports-related (save for all talk of ball handling which can go over on the other thread).