Empirically estimating managerial performance is often quite challenging. Without accurate measurement of managerial output or value added, it is difficult to usefully analyze the labor market for managers. This paper uses shot selection between two-point and three-point shots to develop a measure of managerial productivity in the National Basketball Association (NBA). We test whether our measure significantly impacts firm (team) output (wins) and whether this managerial productivity measure is significant in explaining labor market outcomes. We show that managerial performance does, in fact, positively impact team performance and also helps explain differences in managerial compensation.