All additional resources, including your textbook, should be appropriately cited (MLA, APA, Chicago, etc.). If it is not your idea, then you MUST give credit to the person whose idea it was.Your...

All additional resources, including your textbook, should be appropriately cited (MLA, APA, Chicago, etc.). If it is not your idea, then you MUST give credit to the person whose idea it was.Your report should include a brief introduction and a conclusion. See the note, Introductions and Conclusions, for more information on introductions and conclusions. Your introduction should include a concise preview of your report's topics as well as a short thesis statement. Your conclusion should also review all the major elements of your report.Answer each of the questions below in separate paragraphs as the body of the report. Number your paragraphs to be perfectly clear where one answer ends and another begins.1.Find the 10 largest MLB contracts that ended before the Pandemic (last year of contract was 2018 or before).2.Find WAR values from http://www.fangraphs.com/ or from https://www.baseball-reference.com/ for all 10 contracts. Attach an Excel worksheet or other information in order to demonstrate how you arrived at your values.3.Find $/WAR values from https://www.fangraphs.com/blogs/the-recent-history-of-free-agent-pricing/ (2006 – 2017) and from https://www.fangraphs.com/blogs/win-values-explained-part-six/ (2002 – 2008) for all 10 contracts. Use either sources for 2006 – 2008. Determine your own best estimate for 2001. Attach an Excel worksheet or other information in order to demonstrate how you arrived at your values.4.Using the WAR value for each year of the contract and the $/WAR value of each specific year, calculate the estimated value of each player during the duration of the contract. (You can do Alex Rodriguez’s two contracts separately). Attach an Excel worksheet or other information in order to demonstrate how you arrived at your values.5.Which contracts were close to even (within about ± 10% of value)? Which contracts were significant gains in value for the teams? Which contracts were significant losses in value for the teams? Attach an Excel worksheet or other information in order to demonstrate how you arrived at your values.Read Thaler’s article ”Anomalies: The Winner’s Curse.” Based on this article:6.Explain how your results relate to the “winner’s curse.”ReferencesCameron, D. 2009. Win Values Explained: Part Six. Fan Graphs. Retrieved from https://blogs.fangraphs.com/win-values-explained-part-six/.Schwartz, M. 2017. The Recent History of Free-Agent Pricing. Fan Graphs. Retrieved from https://blogs.fangraphs.com/the-recent-history-of-free-agent-pricing/.Thaler, R. 1988. Anomalies: The Winner’s Curse. Journal of Economic Perspectives 2.1: 191-202. Retrieved from https://www.aeaweb.org/articles?id=10.1257/jep.2.1.191.