We hear this word thrown out a lot. Team X "overpaid" for Player Y. Team A is going to have to "overpay" if they want to secure the services of Player B.
We're curious to know what the term means in different situations, since markets for players evolve and fluctuate, and are sometimes radically different from day to day. One might say that the Sox "overpaid" a posting fee. And they also might say they "overpaid" an aging third baseman. But these are two very different situations, and the meaning of that term can be quite ambiguous, arguable.
Discuss in the comments.