Watch the move MoneyBall and research Billy Beane. One of the biggest and brightest minds in the game came up some of this stuff and has been very successful.
One of my favs.
The thing I like about Moneyball is the focus on doing things differently. Sure, they used stats to justify their decisions but also challenged (out of necessity) the notion that you needed star players to have a winning team. A's do it. Tampa does it. Kansas was sure fun to watch weren't they?
Buying based on a need is sort of like how I view Kessel. He will be 30 by the time the team is even remotely in the playoff hunt again. Why do we need a "star" player?
Challenged the same thing with TFC and Jermain Defoe last year. Great player. Injured a lot in the time leading up to his contract. MLS doesn't give relief for injured Designated Players which, IMO, made that a bad contract. TFC needed a goal scorer but there were better choices. (Of course it was MLSE so they also needed to sell tickets so there you go).
When you buy a star, you need to be filling a specific reason. 28 year old "stars" on the Leafs make no sense right now. We need to be buying for the future.
Anyways, great movie. Remember though that Beane had some rough years where the team didn't perform well. You could say it's a philosophy... not quite an infallible science.