Baseball’s sixth-smallest payroll hasn’t stopped the Tampa Bay Rays from becoming a perennial contender. (Tim Sharp/AP)

Business Week just released its rankings of the “Smartest Spenders in Sports,” and the top two teams on their list — which features every team in the four major American pro sports leagues — have never won a championship.

Bloomberg’s metric uses payroll to calculate how much teams spent per win over the last five seasons. And this year they’ve added bonus points for wins over .500, playoff victories and championships.

The Tampa Bay Rays and Texas Rangers came in 1-2 in the rankings.

Despite a payroll that ranks sixth-lowest in Major League Baseball, the Rays reached the playoffs in three of the last four seasons while winning a pair of AL East crowns. The Rangers, by contrast, currently have the sixth-highest payroll in the majors and advanced to the World Series in each of the last two years.

The rest of the top 10 in order: Detroit Red Wings, Los Angeles Lakers, Boston Celtics, Pittsburgh Penguins, New England Patriots, Green Bay Packers, New York Giants, Boston Bruins. See the full list here.

So where did D.C.’s pro sports franchises rank?

100 million reasons why the Redskins ranked 29th in the NFL. (Jonathan Newton/THE WASHINGTON POST)

Among the other D.C. franchises, the Capitals had the best ranking at No. 7 among NHL teams and No. 15 overall. The Nationals ranked 14th in MLB (53rd overall) and the Wizards were 25th in the NBA (106).

The New York Islanders (119), New York Mets (120), Minnesota Timberwolves (121) and St. Louis Rams (122) finished last in their respective sports.

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