NBA RANKING (WIN SHARES VS. MVPs)
Like it or not, the nerds have changed how we look at sports. Thanks to sabermetricians, statistics like OPS and WAR are as recognizable as HR and RBI. Similar to WAR (wins above replacement) for baseball, WiSh (win shares) is an all-encompassing statistic for basketball. Ranked by WiSh, the Top 5 players in NBA history are: 1) Kareem Abdul-Jabbar; 2) Wilt Chamberlain; 3) Karl Malone; 4) Michael Jordan; and 5) John Stockton. Without a doubt, each one of those players is a legend of the game. As an all-time NBA ranking, however, it's just doesn't work.
Alternatively, the Top 5 players ranked by total MVPs are: 1) Michael Jordan; 2) Bill Russell; 3) Kareem Abdul-Jabbar; 4) LeBron James; and 5) Wilt Chamberlain. Aaahhh, much better. Arguably, MVP awards provide a better proxy for all-time greatness than win shares. Regardless, WiSh still can be useful to establish a threshold above which a superstar can be defined. Similarly, it can determine a threshold below which a bust can be defined.