So with parity reigning and the playing field as level as ever around the league, which team is truly getting the most bang for its buck?

At the end of the day, it's all about getting the most value out of your players when it comes to assembling an MLB roster, whether it's pre-arbitration players contributing at a young age or big-money stars living up to their lofty paychecks.

Whether we're talking about a small-market team facing a payroll crunch or a large-market team with a seemingly endless payroll stream, baseball is still a business.

The Moneyball philosophy may not have resulted in a World Series title for the Oakland Athletics yet, but it undoubtedly had an impact on the way teams are assembled throughout the league.

Explanation

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Tim Fuller-USA TODAY Sports There are a lot of numbers and names to digest on the pages that follow, so allow me to first offer an explanation of what everything means. The following slides are broken into four sections:

2016 Payroll Projections

At the top of each slide, you will find each team's projected 2016 payroll courtesy of Roster Resource, as well as where that payroll ranks among all 30 MLB teams.

Pre-Arbitration Players

Below that is a bulleted list of key pre-arbitration players, followed by a quick list of any other notable players who fall into that category.

This part was the first big determining factor in where each team was ranked. Considering most of the players listed here will be making somewhere between $500,000 and $600,000 during the upcoming season, these are often the biggest values on the roster.

Top 3 Best/Worst Values

Next up, you'll find each team's three most and least valuable players for the upcoming season, based on the following three-step process.

Step 1: To start, I took each player's projected WAR for the upcoming season. My personal preference is the ZiPS projections from Dan Szymborski, which can be found here. Those projections will be referenced as zWAR throughout the piece and will always refer back to the respective team pages on the FanGraphs site.

Step 2: Based on the FanGraphs value system, 1.0 WAR was worth around $8 million in 2015.

So from there, each player's projected zWAR from Step 1 was multiplied by eight. That gave us the player's projected 2016 value in millions of dollars.

Step 3: Each player's salary for the 2016 season was then subtracted from his projected 2016 value, resulting in his 2016 net value.

The three highest and three lowest totals were then highlighted on a pair of tables. Player salaries came again from the team pages of Roster Resource.

Formula: (2016 zWAR x 8) - 2016 salary = net value

It's important to note that pre-arbitration players were not considered for this section. Any player from that group who makes any sort of impact will be a bargain; that's why those players were highlighted at the beginning.

In the case of a tie for one of the top three spots, the player with the higher projected WAR was chosen in the case of best value, and the player with the higher salary was chosen in the case of worst value.

Notes

Since this was such a statistic-heavy article, and there was already a lot to digest on each slide, my personal analysis was kept to a minimum. There are just a few bulletted points for each team consisting of notable observations made while compiling the article.

If you're still reading at this point, props to you. You'll no doubt have a better understanding of what's to come.