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Speaker 1: Now, let's get right to it. Our friend Amy Wagner

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Speaker 1: usually joins us on Wednesdays, but come off to him.

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Speaker 1: She's with Dean Doorton Private Wealth. Learn more about the

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Speaker 1: Dean Doorton difference at deandortonwealth dot com. She talks sports

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Speaker 1: and money with us. Here's what I want to know.

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Speaker 1: There's a few different stories to talk about. The biggest

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Speaker 1: college football story right now is Lane Kiffin's at Old Miss.

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Speaker 1: His team is really good, but he's being wooed by

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Speaker 1: LSU and Florida and so he's got a big decision

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Speaker 1: to make. He's at the epicenter of this big, big

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Speaker 1: decision these three schools that all want them. Is there

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Speaker 1: like a real world application to this?

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Speaker 2: Well?

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Speaker 3: And I think it's like also, I always think about

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Speaker 3: when these stories take place in real time while you've

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Speaker 3: got players who are playing their hearts out right to

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Speaker 3: make it into the playoffs, the distraction that this can

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Speaker 3: be for those players, and the kind of like, well,

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Speaker 3: is my coach can be here next year?

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Speaker 4: You know, this is who recruited me. Is he going

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Speaker 4: to stay?

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Speaker 3: Is he going to go? And your this is a

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Speaker 3: big week everyone's watching football. I mean, I think about

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Speaker 3: like people think like turkey and football when it comes

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Speaker 3: to Thanksgiving week.

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Speaker 4: You know, lan Kiffin has some options here.

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Speaker 3: So first and foremost, you know, you and I have

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Speaker 3: talked recently about, you know, what does the job market

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Speaker 3: look like.

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Speaker 4: We've got a lot of you know, college.

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Speaker 3: Football coach openings currently, more so than we've ever seen

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Speaker 3: the past.

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Speaker 4: So Lane has several options, right, he can stay it.

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Speaker 3: Ole miss also offers coming in from LSU in Florida.

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Speaker 4: By the way, like poor Lane, you know, if you're

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Speaker 4: if you're going to feel bad for him. You know,

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Speaker 4: he's only the tenth highest paid college football coach right now.

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Speaker 3: You know, makes a little under ten million dollars annually.

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Speaker 3: The way this is all shaking out, it looks like

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Speaker 3: it could be bumped up to thirteen fourteen million dollars.

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Speaker 3: You know, he keeps saying, listen, in state rivalry, you've

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Speaker 3: got the egg ball going on this week. We're only

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Speaker 3: focusing on this, but we all know what's happening in

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Speaker 3: the background.

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Speaker 4: Rady's figuring out what his next move is.

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Speaker 3: And I do feel bad for these players, you know

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Speaker 3: the distraction that that is. But I also think the

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Speaker 3: interesting thing too about how gosh, all of this has

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Speaker 3: evolved so much. When you've got nil in the picture

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Speaker 3: is you're not only promising a coach how much money

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Speaker 3: they're going to be paid, you're promising how much money

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Speaker 3: they're going to.

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Speaker 4: Get for a roster to build a roster.

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Speaker 3: You know, And so that's shaping up to be about

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Speaker 3: twenty five million dollars in nil roster involvement. You know,

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Speaker 3: some of the offers on the table for him. So

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Speaker 3: you know, Lane's going to be fine.

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Speaker 4: We'll see how this all plays out this week.

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Speaker 3: But I want to bring up something else because you know,

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Speaker 3: as college football.

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Speaker 2: And listen, it's always been a business, but certainly the

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Speaker 2: way that business is run, it's evolved so much over

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Speaker 2: the past few years. On the flip side of programs

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Speaker 2: like Ole Miss, you know, like these big SEC schools,

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Speaker 2: you've got programs who are D one schools that are

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Speaker 2: trying to make it work because listen, they know that

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Speaker 2: when you start to win games, you're catching lightning in

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Speaker 2: a bottle.

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Speaker 3: You're starting to get national attention. They're talking about you

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Speaker 3: on college game day. Donors, donor base gets re engaged, right,

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Speaker 3: people are excited, people are coming to the games, opening

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Speaker 3: their pockets, right, all of those things. So then you've

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Speaker 3: got schools like UMass and Amherst who has had a

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Speaker 3: football program for the past fourteen years for that very reason. Right,

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Speaker 3: at some point, they keep thinking they're going to start

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Speaker 3: winning games.

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Speaker 4: Problem is they're not. In fact, I don't know if

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Speaker 4: you saw this, but I had to laugh about this.

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Speaker 4: Earlier this season, they actually got.

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Speaker 3: A bunch of attention, bad attention for spending money on fireworks.

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Speaker 3: They let off fireworks after they hit a field goal

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Speaker 3: to close the deficits to their opponents.

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Speaker 4: Then that deficit was forty two points.

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Speaker 3: I mean, talk about throwing good money after bad at

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Speaker 3: this point, like, unless you're unless you're lighting sparklers in

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Speaker 3: the end zone, I'm not sure that investment is worth

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Speaker 3: it exactly. So you've got this program that's trying to say, okay,

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Speaker 3: what makes sense going forward? Right, we're spending millions of

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Speaker 3: dollars every year on a football program. We're trying to

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Speaker 3: compete at this level, and we're not able to do it.

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Speaker 3: The problem is, do you want to be the president

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Speaker 3: of the school, the athletic director, the board of trustees

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Speaker 3: that crushes that football dream for a d one school

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Speaker 3: in this case, apparently not, because what the school has

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Speaker 3: said is they are doubling down on their football program

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Speaker 3: and giving it a hard recess and putting more money

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Speaker 3: into hiring quality coaches and bringing players on board.

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Speaker 4: We'll see, we'll see that how that works. Good luck,

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Speaker 4: good luck. Exactly, yeah, exactly.

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Speaker 1: I do think it's interesting that the cost of maintaining

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Speaker 1: a college football program, even at the Group of five level,

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Speaker 1: it is. And look, I don't have a lot of

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Speaker 1: sympathy for anybody involved, right, but but yeah, I understand,

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Speaker 1: like we're trying to keep up, we're trying to stay competitive,

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Speaker 1: We're paying the players coaching salaries or skyrocketing, the cost

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Speaker 1: of putting games on has escalated. Like there are going

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Speaker 1: to be schools that say, you know what, we're not

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Speaker 1: sure we're getting out of this what we're putting into it.

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Speaker 4: Yeah, yeah, you know.

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Speaker 3: I mean something else I want to I want to

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Speaker 3: bring up just how all of this is evolving. Is

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Speaker 3: you have this Player's Era Festival, right, so switching to

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Speaker 3: college basketball quickly that's playing this week, and you know

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Speaker 3: these are games that are all taking place out in Vegas.

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Speaker 3: But interestingly, these these people are saying, listen, we'd play

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Speaker 3: this game it was in a cornfield in the middle

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Speaker 3: of nowhere. Because they're paying us a million dollars in

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Speaker 3: donor fatigue, right, yeah, I mean when you are paying

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Speaker 3: Lane Kiffin like salaries and trying to also, you know,

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Speaker 3: fill these rosters with all these NL high paid athletes,

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Speaker 3: at some.

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Speaker 4: Point there is fittis. You cannot keep going to the

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Speaker 4: same well.

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Speaker 3: And so these programs are looking for new ways to

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Speaker 3: fund these programs. And so you're going to have outside

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Speaker 3: investors interestingly being able to call shots like we're going

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Speaker 3: to bring all this top tier talent together in Vegas

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Speaker 3: in November when these teams don't normally meet, right, to

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Speaker 3: create something that's never been created before, because we're paying

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Speaker 3: each program that participates a million dollars and let's face it,

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Speaker 3: they need that money.

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Speaker 1: Right now in the worst way. Amy Wagner from Dean

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Speaker 1: Dorton is with us. Sorry one more, you have a

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Speaker 1: new favorite former NFL player. It's Christian Ponder, who wasn't

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Speaker 1: great on the field, but you like him anyway.

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Speaker 3: Why well, he's probably not been many people's favorite player ever,

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Speaker 3: but he has caught my attention for what he's doing now.

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Speaker 4: He probably was overpaid under delivered when he was in

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Speaker 4: the NFL. You know, I think it was like a

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Speaker 4: pretty high draft pick.

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Speaker 3: And they ended up kind of being like, you know,

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Speaker 3: third tier QB bouncing around for most of his career,

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Speaker 3: which I think lasted five or six years in the NFL.

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Speaker 4: So he realized that's probably not going.

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Speaker 3: To support him for the rest of his life, got

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Speaker 3: out and got his MBA. But what he's focusing on

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Speaker 3: now is something you and I've talked about a lot

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Speaker 3: during this which is, you know, the average NFL.

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Speaker 4: Player's career is about three three and a half years.

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Speaker 3: You get paid an insane amount of money during that time,

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Speaker 3: but for a lot of these players, that's not enough

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Speaker 3: to last you for the rest of your life, especially

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Speaker 3: if you weren't smart.

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Speaker 4: About it while you were paying while you were playing.

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Speaker 3: So he has created this kind of subscription membership only

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Speaker 3: group called the Post and you have to have played

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Speaker 3: either at the NC DOUBLEA or professional level for at

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Speaker 3: least five years, because he really wants people to kind

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Speaker 3: of come from the same background. But he's having conversations

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Speaker 3: with these former players about how to transition into the

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Speaker 3: business world, how do use skills that you had to use,

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Speaker 3: you know, on the field, on the court, you know, leadership,

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Speaker 3: that kind of thing. And there's you know, weekend long summits,

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Speaker 3: there's networking events, there's you know, all kinds of you know,

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Speaker 3: how do you how do you make the transition? And

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Speaker 3: I think not enough of these conversations are happening for

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Speaker 3: any kind of professional athletes.

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Speaker 4: And then you know, we hear the terrible stories.

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Speaker 3: That get all the headlines about them filing bankruptcy or

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Speaker 3: whatever that looks like after they leave.

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Speaker 1: Yeah, it's admirable and there should be more of it,

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Speaker 1: and there should be more athletes who who take advantage.

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Speaker 1: Christian Ponder will have a legacy well beyond his relatively

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Speaker 1: mediocre NFL playing career. Yeah exactly, Amy Wagner from Dean Dorton,

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Speaker 1: anything but mediocre. Have an awesome Thanksgiving and we'll talk

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Speaker 1: next week.

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Speaker 4: You too,