1 00:00:00,000 --> 00:00:03,400 Speaker 1: The only thing about being at Oakley Greens today is 2 00:00:04,120 --> 00:00:06,080 Speaker 1: I don't get a chance to spend time in studio 3 00:00:06,160 --> 00:00:09,879 Speaker 1: with my friend from Dean Dorton Private Wealth, Amy Wagner, 4 00:00:09,880 --> 00:00:13,000 Speaker 1: who joins us every week to talk about money in sports. Amy, 5 00:00:13,080 --> 00:00:15,080 Speaker 1: I wish you were here, but I understand you couldn't 6 00:00:15,080 --> 00:00:17,880 Speaker 1: be here today. Nonetheless, it's awfu it's awesome to have you. 7 00:00:18,560 --> 00:00:20,640 Speaker 2: Well, you know, if I was there, they'd probably beat you. 8 00:00:20,720 --> 00:00:22,639 Speaker 2: And it be golf, so maybe it's better for you 9 00:00:22,760 --> 00:00:23,680 Speaker 2: that I'm not there. 10 00:00:24,360 --> 00:00:26,720 Speaker 3: Dating me and golf does not put you in very 11 00:00:26,800 --> 00:00:27,680 Speaker 3: exclusive company. 12 00:00:29,640 --> 00:00:32,080 Speaker 4: It would also be a long shot me beating anyone 13 00:00:32,240 --> 00:00:36,720 Speaker 4: in golf. You've been an interesting kind of rough week 14 00:00:36,800 --> 00:00:38,279 Speaker 4: for Cincinnati sports fans. 15 00:00:38,320 --> 00:00:38,760 Speaker 5: I feel like we. 16 00:00:38,720 --> 00:00:42,560 Speaker 2: Should talk about like baby goats or something and said today, 17 00:00:42,760 --> 00:00:44,640 Speaker 2: but you know, like. 18 00:00:45,120 --> 00:00:46,520 Speaker 5: We've got another shot at it tonight. 19 00:00:46,560 --> 00:00:49,120 Speaker 2: I love the fact that you're talking about games ahead 20 00:00:49,120 --> 00:00:53,680 Speaker 2: of us as Reds fans, because you know, it was 21 00:00:53,720 --> 00:00:56,440 Speaker 2: a little rough last night and a little rough Monday 22 00:00:56,480 --> 00:01:00,320 Speaker 2: night with the Bengals. I've seen a lot of coverge 23 00:01:00,440 --> 00:01:04,560 Speaker 2: about payrolls these major league teams that have made it 24 00:01:05,240 --> 00:01:08,280 Speaker 2: this far in the season. You know, lots of coverage 25 00:01:08,280 --> 00:01:11,640 Speaker 2: about kind of the Mets meltdown when you're spending so 26 00:01:11,880 --> 00:01:12,800 Speaker 2: much on a team. 27 00:01:12,880 --> 00:01:16,080 Speaker 5: In fact, I went back and looked on June. 28 00:01:16,080 --> 00:01:19,920 Speaker 2: Thirteenth of this year, there was a ninety six percent 29 00:01:20,080 --> 00:01:22,800 Speaker 2: chance that the Mets would be sitting where the Reds 30 00:01:22,840 --> 00:01:27,360 Speaker 2: are right now, right, I mean, yes, ninety six percent chance. 31 00:01:27,400 --> 00:01:30,600 Speaker 2: I mean, anyone who bets like that's pretty much as 32 00:01:30,680 --> 00:01:34,120 Speaker 2: sure bet you know, four hundred and thirty million dollars payroll, 33 00:01:34,160 --> 00:01:36,920 Speaker 2: including of course payroll in the luxury tax, but you know, 34 00:01:36,959 --> 00:01:40,480 Speaker 2: to the Reds one hundred and twenty million. So interestingly, 35 00:01:40,720 --> 00:01:43,160 Speaker 2: when it was the Reds that shot out into the 36 00:01:43,280 --> 00:01:46,360 Speaker 2: into the playoff scene versus the Mets, everyone was talking 37 00:01:46,360 --> 00:01:49,000 Speaker 2: about the fact that much smaller payroll. 38 00:01:49,640 --> 00:01:51,800 Speaker 5: Yet here we go, you know, and. 39 00:01:51,800 --> 00:01:54,560 Speaker 2: I think sometimes, and let's chase it, think back in 40 00:01:54,840 --> 00:01:56,760 Speaker 2: every sports movie that we. 41 00:01:56,760 --> 00:01:59,880 Speaker 5: Love like, we love like a good underdog story. 42 00:02:00,360 --> 00:02:03,040 Speaker 2: Uh, and that's what the Reds looked like kind of 43 00:02:03,080 --> 00:02:06,160 Speaker 2: coming in these playoffs. Uh, you know, we we hoped 44 00:02:06,200 --> 00:02:08,240 Speaker 2: for a great show from the red last night didn't 45 00:02:08,280 --> 00:02:10,880 Speaker 2: necessarily happen. I thought it was interesting today that the 46 00:02:10,919 --> 00:02:13,400 Speaker 2: headlines kind of turned the tables, because before it was like, 47 00:02:13,760 --> 00:02:16,280 Speaker 2: who needs a large payroll? Look what the Reds just did, 48 00:02:16,720 --> 00:02:24,000 Speaker 2: and then it was disparity and payroll reden. Right, you 49 00:02:24,040 --> 00:02:24,320 Speaker 2: see what. 50 00:02:24,360 --> 00:02:27,080 Speaker 3: I'm saying here. Yeah, no, totally totally. 51 00:02:27,320 --> 00:02:29,160 Speaker 1: But I think if there's if there's one thing, and 52 00:02:29,200 --> 00:02:32,600 Speaker 1: this is to me the beauty of sports, right, you 53 00:02:32,639 --> 00:02:36,079 Speaker 1: could you could and we see this in college sports too, right, 54 00:02:36,160 --> 00:02:39,880 Speaker 1: where one school has a huge recruiting budget now in 55 00:02:39,919 --> 00:02:44,200 Speaker 1: the era of revenue sharing in nil, one team spends 56 00:02:44,200 --> 00:02:48,040 Speaker 1: a lot on its players. And like in the NCAA tournament, 57 00:02:48,120 --> 00:02:50,840 Speaker 1: it doesn't mean that a fourteen can't beat a three 58 00:02:51,240 --> 00:02:52,639 Speaker 1: or a fifteen can't beat the two. 59 00:02:52,800 --> 00:02:53,560 Speaker 3: Yeah right. 60 00:02:53,639 --> 00:02:56,120 Speaker 5: We love stories absolutely, and. 61 00:02:56,080 --> 00:03:00,480 Speaker 1: You you can you could also apply something similar to sports. 62 00:03:00,480 --> 00:03:03,440 Speaker 1: It's it's maybe not quite apples to apples, but one 63 00:03:03,480 --> 00:03:05,840 Speaker 1: of the one of the beautiful things about baseball, where 64 00:03:05,880 --> 00:03:08,840 Speaker 1: there's no salary cap, where every team can spend pretty 65 00:03:08,880 --> 00:03:11,800 Speaker 1: much what they want, is you can assemble all the 66 00:03:11,840 --> 00:03:13,639 Speaker 1: talent in the world and you. 67 00:03:13,600 --> 00:03:16,840 Speaker 3: Can go get the most expensive players. It guarantees you nothing. 68 00:03:17,720 --> 00:03:17,960 Speaker 5: Yeah. 69 00:03:18,480 --> 00:03:20,880 Speaker 2: Da La Cruz had a great comment and he was like, 70 00:03:20,919 --> 00:03:21,880 Speaker 2: you know what, it doesn't matter. 71 00:03:21,919 --> 00:03:24,399 Speaker 5: We've played together, we stay together, we support each other. 72 00:03:24,720 --> 00:03:27,080 Speaker 2: And I think that speaks to that kind of intangible 73 00:03:27,240 --> 00:03:30,560 Speaker 2: that you're talking about, Like at some points, for some teams, 74 00:03:30,840 --> 00:03:36,680 Speaker 2: it just clicks. It's culture, it's momentum, it's you know, magic, 75 00:03:36,760 --> 00:03:39,440 Speaker 2: it's whatever the words, whatever the adjectives that you want 76 00:03:39,480 --> 00:03:41,160 Speaker 2: to use to describe it. You know, I think for 77 00:03:41,360 --> 00:03:44,280 Speaker 2: you know, for those of us who don't necessarily work 78 00:03:44,320 --> 00:03:46,480 Speaker 2: for or play for the Reds or with the Bengals, 79 00:03:46,640 --> 00:03:48,280 Speaker 2: you know, in our normal. 80 00:03:48,240 --> 00:03:52,080 Speaker 6: World, it's like workplace culture, right Like when you're in 81 00:03:52,120 --> 00:03:54,840 Speaker 6: a place where people love to be there and people 82 00:03:54,960 --> 00:03:59,200 Speaker 6: feel like they're appreciated and they love working together, something 83 00:03:59,240 --> 00:04:00,400 Speaker 6: special happened, you know. 84 00:04:00,520 --> 00:04:02,520 Speaker 5: And and I think that's what we saw from this 85 00:04:02,680 --> 00:04:05,400 Speaker 5: Reds team coming into the playoffs. I agree with you. 86 00:04:05,520 --> 00:04:07,160 Speaker 2: I think we've pulled this off tonight, and I think 87 00:04:07,160 --> 00:04:09,840 Speaker 2: we live to play another night. And it's not going 88 00:04:09,920 --> 00:04:13,280 Speaker 2: to necessarily be the story about payrolls tomorrow. It's going 89 00:04:13,320 --> 00:04:16,840 Speaker 2: to be about that magic that's happening with the Reds 90 00:04:16,880 --> 00:04:17,160 Speaker 2: right now. 91 00:04:17,160 --> 00:04:18,560 Speaker 5: That's what I'm that's what I'm hoping for. 92 00:04:19,279 --> 00:04:21,000 Speaker 1: Yeah, you know, we we talk about it in all 93 00:04:21,000 --> 00:04:24,120 Speaker 1: the sports where you could you could attach a number 94 00:04:24,560 --> 00:04:28,200 Speaker 1: to anything, right, you can quantify so much stuff, but 95 00:04:28,279 --> 00:04:30,480 Speaker 1: there and this is this is one of the big 96 00:04:30,839 --> 00:04:33,479 Speaker 1: I don't know, discussions that we've had for years in baseball, 97 00:04:33,520 --> 00:04:37,279 Speaker 1: which it's it's the push pull where you you measure 98 00:04:37,440 --> 00:04:39,760 Speaker 1: you you measure what the analytics tell you to do 99 00:04:39,800 --> 00:04:42,200 Speaker 1: when it comes to making a decision or signing a player. 100 00:04:42,800 --> 00:04:44,080 Speaker 3: But chemistry matters. 101 00:04:44,240 --> 00:04:46,479 Speaker 1: How much the guys love playing with each other, matters, 102 00:04:46,640 --> 00:04:48,719 Speaker 1: how much the guys love coming to work, matters how 103 00:04:48,800 --> 00:04:51,760 Speaker 1: much the guy trust the manager, and sometimes the trust 104 00:04:51,760 --> 00:04:54,599 Speaker 1: the manager might have in a player in spite of 105 00:04:54,640 --> 00:04:56,080 Speaker 1: what his statistics might. 106 00:04:56,000 --> 00:04:57,520 Speaker 3: Tell you mm hmm. 107 00:04:58,160 --> 00:05:00,719 Speaker 5: It's all those intangibles, right, I mean, it's all those 108 00:05:00,760 --> 00:05:02,640 Speaker 5: intangibles layered on top of each other. 109 00:05:03,240 --> 00:05:05,159 Speaker 2: They add up and I think they make a difference, 110 00:05:05,200 --> 00:05:08,400 Speaker 2: and I certainly hope that we see that difference tonight. 111 00:05:08,480 --> 00:05:10,400 Speaker 5: You know. I think another thing to talk. 112 00:05:10,279 --> 00:05:13,120 Speaker 2: About when it comes to the Reds is home field advantage. 113 00:05:13,920 --> 00:05:16,599 Speaker 5: You and I were at the Grail last week before 114 00:05:16,640 --> 00:05:17,800 Speaker 5: we had the full. 115 00:05:17,560 --> 00:05:20,919 Speaker 2: Playoff picture, talking to our friend who owns the Grail, 116 00:05:22,080 --> 00:05:24,599 Speaker 2: and we were trying to figure out in our head, like, Okay, 117 00:05:24,680 --> 00:05:27,080 Speaker 2: if we win, if we pull this out, right, we're 118 00:05:27,120 --> 00:05:30,280 Speaker 2: going to end up oh, not here, obviously, We're going 119 00:05:30,320 --> 00:05:33,840 Speaker 2: to end up out in LA. You know, for local businesses, 120 00:05:34,480 --> 00:05:36,560 Speaker 2: it actually makes a big difference. 121 00:05:36,960 --> 00:05:39,800 Speaker 5: You know, we need to win these games well so. 122 00:05:39,760 --> 00:05:41,960 Speaker 2: That we can come back and get some money pumping 123 00:05:42,000 --> 00:05:46,280 Speaker 2: in the local economy. The home field advantage from a 124 00:05:46,320 --> 00:05:50,760 Speaker 2: pure game standpoint actually isn't that much of a big 125 00:05:50,760 --> 00:05:53,840 Speaker 2: deal anymore. Okay, so since the playoff field expanded, right, 126 00:05:54,000 --> 00:05:56,839 Speaker 2: went to twelve teams in twenty twenty two, listen to 127 00:05:56,839 --> 00:06:01,920 Speaker 2: this statmo, home teams are sixty and sixty four in 128 00:06:01,960 --> 00:06:02,719 Speaker 2: the postseason. 129 00:06:03,040 --> 00:06:05,560 Speaker 3: Really, yes, yes. 130 00:06:06,279 --> 00:06:08,200 Speaker 2: No advantage, And I think it kind of goes to 131 00:06:08,480 --> 00:06:10,200 Speaker 2: some of those intangibles that you and I were just 132 00:06:10,240 --> 00:06:13,039 Speaker 2: talking about, kind of the underdog, right, they're coming into this. 133 00:06:13,120 --> 00:06:16,360 Speaker 2: We've got something to prove, you know, doesn't matter who's 134 00:06:16,360 --> 00:06:17,360 Speaker 2: bat lands around here. 135 00:06:17,440 --> 00:06:18,000 Speaker 5: We've got this. 136 00:06:18,320 --> 00:06:22,320 Speaker 2: And it hasn't proven out to be such an advantage 137 00:06:22,720 --> 00:06:26,960 Speaker 2: from a game standpoint, it is undeniably an advantage from 138 00:06:26,960 --> 00:06:28,440 Speaker 2: an economic standpoint. 139 00:06:28,680 --> 00:06:30,719 Speaker 5: You think about the difference. If we were. 140 00:06:30,600 --> 00:06:33,440 Speaker 2: Hosting this week, you'd have Red Slans from out of 141 00:06:33,520 --> 00:06:37,400 Speaker 2: town flying in. You'd have every hotel downtown full, The 142 00:06:37,440 --> 00:06:41,080 Speaker 2: banks would be crawling with people right now. Even seasonal 143 00:06:41,120 --> 00:06:43,279 Speaker 2: employees at Great American Ballpark. 144 00:06:42,960 --> 00:06:46,880 Speaker 5: Right they lived to work, you know, a few extra days. 145 00:06:46,880 --> 00:06:49,919 Speaker 2: That's money, money in their pockets, money in the local economy. 146 00:06:50,360 --> 00:06:52,920 Speaker 5: What we have right now is merch sales. 147 00:06:53,680 --> 00:06:55,800 Speaker 2: You know, you can get your Sincy shirts, T shirts, 148 00:06:55,839 --> 00:06:57,880 Speaker 2: you know, Clenchmith's or Can't Kill. 149 00:06:57,760 --> 00:07:00,279 Speaker 5: Us the Cockroaches shirts for twenty seven. 150 00:07:00,279 --> 00:07:04,600 Speaker 2: Boxer MLV has those October red shirts anywhere from like 151 00:07:04,680 --> 00:07:06,960 Speaker 2: forty bucks to eighty if you want a hoodie. 152 00:07:07,040 --> 00:07:09,279 Speaker 5: So I mean, I think if you want the October shirt, 153 00:07:09,440 --> 00:07:11,920 Speaker 5: just buy it today. Just buy it today. 154 00:07:13,040 --> 00:07:13,480 Speaker 3: Yeah. 155 00:07:13,600 --> 00:07:17,280 Speaker 1: Yeah, it's funny, you know, Amy, My birthday is Friday, 156 00:07:17,280 --> 00:07:20,400 Speaker 1: if you didn't know, And my wife told me, and 157 00:07:20,440 --> 00:07:22,240 Speaker 1: she didn't tell me what they're getting me, but she 158 00:07:22,320 --> 00:07:24,720 Speaker 1: and my daughter went to rally House and they wanted 159 00:07:24,760 --> 00:07:25,679 Speaker 1: to know my size. 160 00:07:25,720 --> 00:07:27,200 Speaker 3: And she said to me, and. 161 00:07:27,160 --> 00:07:31,240 Speaker 1: This was on Monday, Like the clerk at rally House 162 00:07:31,240 --> 00:07:34,000 Speaker 1: told her suddenly, like all the reds merchants flying off 163 00:07:34,040 --> 00:07:36,800 Speaker 1: the shelves. We couldn't sell it all summer, and now 164 00:07:36,800 --> 00:07:40,240 Speaker 1: we can't keep it in stock. It's amazing how that works. 165 00:07:41,760 --> 00:07:43,760 Speaker 4: It is, you know, I was thinking about earlier today, 166 00:07:43,800 --> 00:07:46,200 Speaker 4: and this is the conversation that George Vogel and I 167 00:07:46,240 --> 00:07:50,520 Speaker 4: actually had years ago on the anchored ESKA Channel five, 168 00:07:50,560 --> 00:07:52,560 Speaker 4: And it's kind of like the plight of the Cincinnati 169 00:07:52,640 --> 00:07:56,120 Speaker 4: sports fan, you know, and it's like, just you. 170 00:07:56,120 --> 00:08:00,200 Speaker 5: Give up on something, you know, they come come rallying back. 171 00:08:00,280 --> 00:08:03,400 Speaker 2: Particularly, you know, it's like years starts and we are 172 00:08:03,640 --> 00:08:07,080 Speaker 2: counting down to opening day and this is going to 173 00:08:07,120 --> 00:08:07,560 Speaker 2: be the year. 174 00:08:08,000 --> 00:08:11,040 Speaker 5: And you know, after maybe the first series, maybe by 175 00:08:11,040 --> 00:08:13,360 Speaker 5: the end of April, we're like, when does the Bengals 176 00:08:13,360 --> 00:08:14,280 Speaker 5: preseason start? 177 00:08:14,880 --> 00:08:17,200 Speaker 6: You know, preseason starts to get a little bit in 178 00:08:17,240 --> 00:08:18,840 Speaker 6: and you're like, when do you pitchers. 179 00:08:18,400 --> 00:08:19,920 Speaker 5: And catchers reports. 180 00:08:20,000 --> 00:08:24,720 Speaker 3: Yes, it never ends. We do it every year. We 181 00:08:25,400 --> 00:08:26,440 Speaker 3: know it, we love. 182 00:08:26,240 --> 00:08:27,400 Speaker 5: It, and we still come back. 183 00:08:27,400 --> 00:08:30,280 Speaker 4: And you know, I think regardless of what happens night, 184 00:08:30,320 --> 00:08:31,880 Speaker 4: what happens Sunday. 185 00:08:32,520 --> 00:08:34,719 Speaker 5: It is who we are. It's in our blood, it's 186 00:08:34,720 --> 00:08:37,240 Speaker 5: in our DNA, and we will come back year after year, 187 00:08:37,320 --> 00:08:40,280 Speaker 5: season after season. You know, they always give us enough 188 00:08:40,320 --> 00:08:41,079 Speaker 5: to cheer about. 189 00:08:42,240 --> 00:08:45,280 Speaker 1: We need you know, there's baseball playoff games happening as 190 00:08:45,280 --> 00:08:47,839 Speaker 1: we speak. We need the Reds to advance so they 191 00:08:47,840 --> 00:08:50,360 Speaker 1: can play in a daytime playoff game, so you and 192 00:08:50,400 --> 00:08:53,840 Speaker 1: I can talk about the lost productivity for area businesses. 193 00:08:55,080 --> 00:08:57,679 Speaker 4: I actually saw an article in The enquire the other 194 00:08:57,760 --> 00:09:00,520 Speaker 4: day about how you should deal with the lack of sleep, 195 00:09:03,880 --> 00:09:07,400 Speaker 4: and I was like, hmm, like which reporter pitched that? 196 00:09:07,400 --> 00:09:08,880 Speaker 5: That's an interesting angle on it. 197 00:09:08,920 --> 00:09:10,840 Speaker 2: But I gotta tell you a few days into this, 198 00:09:11,200 --> 00:09:13,520 Speaker 2: it's not a bad angle. Apparently you're supposed to get 199 00:09:13,600 --> 00:09:16,720 Speaker 2: up the same time every morning, regardless of when you 200 00:09:16,760 --> 00:09:17,280 Speaker 2: went to bed. 201 00:09:18,080 --> 00:09:18,880 Speaker 3: Yeah. 202 00:09:18,920 --> 00:09:22,600 Speaker 1: That that didn't happen in my life, but maybe maybe 203 00:09:22,600 --> 00:09:28,960 Speaker 1: in fifteen years. Amy Wagner Deandortonwealth dot com. Amy is 204 00:09:29,080 --> 00:09:32,920 Speaker 1: a wealth management advisor for Dean Dorton. Joins us every 205 00:09:32,960 --> 00:09:36,000 Speaker 1: single Wednesday to talk about sports and money. We'll see 206 00:09:36,000 --> 00:09:37,960 Speaker 1: you back next week in studio. 207 00:09:38,280 --> 00:09:39,840 Speaker 3: We can't wait. Amy, thanks so much. 208 00:09:40,400 --> 00:09:43,280 Speaker 5: Well, we'll still be talking about that Reds postseason. Let's 209 00:09:43,280 --> 00:09:43,600 Speaker 5: do it.