Does a Team's Payroll Determine Success in Major League Baseball?

I started this research to find out if a higher team payroll actually leads to more success in Major League Baseball. After doing the research of salaries per team for the past 10 years versus each teams finish in the final standings in each respective year, I think a high payroll doesn't hurt but I'm not sure if it necessarily helps. Lets assume a team should finish in the order of how much money they spend on players each season. Going by that the team with the highest payroll should win the World Series every year, and the team would with the lowest payroll should have the worst record each year. Interestingly enough, of the teams that have spent the most on payroll each of the last 10 seasons, only 1 team (New York Yankees, 2009) has gone on to win the World Series.

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