thats why i said in most cases
of course there will be outliers
but at the end of the day like it or not lebron will sign with the knicks in the summer of 2010. once that happens then come talk to me
Outliers?
Okay, lets count the number of major team sports in the US.
Baseball, football, basketball, hockey, soccer. That's five.
Baseball have the Yankees, football has the Steelers, Basketball has the Lakers, hockey has the Red Wings, soccer has DC United.
New York and LA are obviously in the upper echelon of cities, DC comes in third, and Pittsburgh and Detroit finish last.
DC isn't that superior of a city to P-Burgh or Detroit apart from it being the nation's Capital, so lets call it neutral.
That means: 2 of the best franchises are from wealthy markets and 2 are not. 50/50 is the result.
Therefore, your original statement is incorrect. The correlation is closer to zero.