1 00:00:00,040 --> 00:00:04,000 Speaker 1: Sinnati's sports station ESPN fifteen to thirty. 2 00:00:04,000 --> 00:00:06,560 Speaker 2: Running a few minutes behind because I don't know how 3 00:00:06,600 --> 00:00:09,160 Speaker 2: to read a clock twenty two away from five o'clock. 4 00:00:09,240 --> 00:00:11,600 Speaker 1: This is ESPN fifteen thirty. We'll do sports. 5 00:00:11,360 --> 00:00:14,400 Speaker 2: Headlines in just a few There's not a ton of 6 00:00:14,440 --> 00:00:18,640 Speaker 2: hard news today. It's time, as it is every Tuesday, 7 00:00:18,680 --> 00:00:21,919 Speaker 2: to talk with our legal expert from the Manila Law Group. 8 00:00:21,960 --> 00:00:23,160 Speaker 1: Attorney Stuart W. 9 00:00:23,280 --> 00:00:27,600 Speaker 2: Penrose joins us on Tuesday to answer usually my dumb 10 00:00:27,640 --> 00:00:31,120 Speaker 2: sports and legal questions. And I've got a few as 11 00:00:31,120 --> 00:00:35,080 Speaker 2: it relates to the lawsuit that you see is putting 12 00:00:35,080 --> 00:00:38,320 Speaker 2: forth against the former quarterback Brendan Sorosby Stewart. 13 00:00:38,360 --> 00:00:40,040 Speaker 1: It's awesome. The heavy was always good afternoon. 14 00:00:40,080 --> 00:00:43,080 Speaker 3: How are you awesome to be on Mogan'm doing great? 15 00:00:43,080 --> 00:00:43,559 Speaker 3: How about you? 16 00:00:43,640 --> 00:00:44,440 Speaker 1: I'm well. 17 00:00:44,680 --> 00:00:48,239 Speaker 2: So Brendan Sorosby leaves the University of Cincinnati to go 18 00:00:48,280 --> 00:00:50,400 Speaker 2: to Texas Tech, where he is going to make reportedly 19 00:00:50,400 --> 00:00:54,760 Speaker 2: anywhere between four and six million dollars. Now the school says, well, yeah, 20 00:00:54,800 --> 00:00:57,280 Speaker 2: he's left, but he owes us a million bucks because 21 00:00:57,320 --> 00:01:00,000 Speaker 2: he's leaving his contract early and it's basically a one 22 00:01:00,080 --> 00:01:01,160 Speaker 2: million dollar buy out. 23 00:01:01,200 --> 00:01:02,360 Speaker 1: So we're taking him the court. 24 00:01:02,880 --> 00:01:04,399 Speaker 2: I guess this is the sort of thing that, in 25 00:01:04,440 --> 00:01:07,080 Speaker 2: this day and age of college sports, was almost inevitable 26 00:01:07,120 --> 00:01:09,319 Speaker 2: at some point. But is this the kind of case 27 00:01:09,360 --> 00:01:11,360 Speaker 2: that's just going to get settled well before it never 28 00:01:11,360 --> 00:01:12,840 Speaker 2: reaches the courtroom. 29 00:01:14,200 --> 00:01:17,360 Speaker 3: You're right on both fronts, it was inevitable. I'm sure 30 00:01:17,400 --> 00:01:20,039 Speaker 3: we will see this again from different universities. I was 31 00:01:20,080 --> 00:01:23,440 Speaker 3: surprised this came directly from UC instead of an nil collective. 32 00:01:23,440 --> 00:01:26,080 Speaker 3: I read the complaint and it came directly from UC. 33 00:01:26,240 --> 00:01:28,319 Speaker 3: I guess the way that they have it structured, so 34 00:01:28,400 --> 00:01:31,800 Speaker 3: that was very interesting to me. Yes, almost certainly this 35 00:01:31,840 --> 00:01:34,960 Speaker 3: will end in some sort of settlements. The players don't 36 00:01:34,959 --> 00:01:36,640 Speaker 3: want this, They don't want to be sued over this. 37 00:01:37,000 --> 00:01:39,160 Speaker 3: The schools don't want their names dragged through the mud 38 00:01:39,160 --> 00:01:41,399 Speaker 3: over it. It's not a great look for UC. But 39 00:01:41,480 --> 00:01:44,839 Speaker 3: I understand both sides of the coin here. They want 40 00:01:44,840 --> 00:01:47,240 Speaker 3: to hold, you know, players to their commitments, you know, 41 00:01:47,360 --> 00:01:50,960 Speaker 3: including a damage's clause that they have in there. But 42 00:01:51,080 --> 00:01:52,960 Speaker 3: at the same time, you don't want the bad press, 43 00:01:53,480 --> 00:01:55,680 Speaker 3: you know, amongsture cruits that you might want to bring, 44 00:01:55,760 --> 00:02:00,520 Speaker 3: you know, to bring in. Yes, this will also most 45 00:02:00,560 --> 00:02:03,080 Speaker 3: certainly into the settlement. If we were to drag on 46 00:02:03,560 --> 00:02:06,080 Speaker 3: very long, the public gets a look under the hood, 47 00:02:06,120 --> 00:02:08,079 Speaker 3: and you know, how is this school How are these 48 00:02:08,080 --> 00:02:12,799 Speaker 3: schools that ILDs deals structured? How does that go? There 49 00:02:12,800 --> 00:02:15,880 Speaker 3: are things that both sides would want to keep, keep 50 00:02:15,919 --> 00:02:16,880 Speaker 3: the hood clothes on both. 51 00:02:17,080 --> 00:02:18,480 Speaker 2: And I guess the way I look at this is 52 00:02:18,520 --> 00:02:22,200 Speaker 2: like the business model of college athletics is already flimsy, 53 00:02:22,240 --> 00:02:24,880 Speaker 2: built on a house of cards. If if now these 54 00:02:25,000 --> 00:02:29,120 Speaker 2: contracts that athletes signed with universities end up not being binding, 55 00:02:29,160 --> 00:02:30,000 Speaker 2: then what are we doing? 56 00:02:31,960 --> 00:02:35,000 Speaker 3: Well, that's a good question, and there's no there's no 57 00:02:35,080 --> 00:02:39,840 Speaker 3: direct answer to that right now, everything so fragmented college 58 00:02:39,880 --> 00:02:41,880 Speaker 3: sports is cle mean, the first thing I thought when 59 00:02:41,880 --> 00:02:43,679 Speaker 3: I saw the saidline come out last week, my was, 60 00:02:44,000 --> 00:02:45,919 Speaker 3: my god, are we in an unhealthy place right now 61 00:02:45,919 --> 00:02:50,640 Speaker 3: with this? I mean, contracts are still contracts. They still 62 00:02:50,680 --> 00:02:54,240 Speaker 3: have to mean something, but they can be challenged, and 63 00:02:54,600 --> 00:02:56,440 Speaker 3: you know, more often than not, they're going to end 64 00:02:56,480 --> 00:03:00,800 Speaker 3: in some sort of uh, you know, negotiated resolution. But 65 00:03:00,960 --> 00:03:03,280 Speaker 3: you know something's got to give somewhere, and you know 66 00:03:03,440 --> 00:03:05,400 Speaker 3: it's it's a sad state of affairs when we have 67 00:03:06,040 --> 00:03:09,280 Speaker 3: university suing players and vice versus which which is what 68 00:03:09,320 --> 00:03:14,040 Speaker 3: we're seeing all the time over eligibility or an il contract, 69 00:03:14,120 --> 00:03:14,960 Speaker 3: one thing or the other. 70 00:03:15,560 --> 00:03:18,200 Speaker 1: What is the foundation of Brendan Sorosby's defense. 71 00:03:20,680 --> 00:03:23,320 Speaker 3: Well, he gets sixty days from the time of the 72 00:03:23,560 --> 00:03:26,519 Speaker 3: lawsuit to file an answer, so we'll see. He could 73 00:03:26,600 --> 00:03:30,680 Speaker 3: argue that it violates anti trust laws. He could argue 74 00:03:30,760 --> 00:03:35,640 Speaker 3: that the liquidated damages contract is not enforceable, or that 75 00:03:35,680 --> 00:03:39,600 Speaker 3: you know, the you know player portability is in the 76 00:03:39,600 --> 00:03:42,280 Speaker 3: best public interests. You know. We'll see what his lawyers 77 00:03:42,320 --> 00:03:43,880 Speaker 3: come out with in terms of in terms of an 78 00:03:43,920 --> 00:03:44,480 Speaker 3: argument with. 79 00:03:44,480 --> 00:03:47,640 Speaker 2: US, can I sue Brendan Sorosby for never throwing the 80 00:03:47,640 --> 00:03:49,880 Speaker 2: ball to Joe Royer? Or could Joe Royer sue Brendan 81 00:03:49,920 --> 00:03:51,600 Speaker 2: Soorsby for never throwing him the football? 82 00:03:53,520 --> 00:03:56,480 Speaker 3: The I could go on a tangent here the long 83 00:03:56,520 --> 00:03:58,920 Speaker 3: list of people I'd like to sue over the last 84 00:03:58,920 --> 00:04:02,360 Speaker 3: couple of years with this, but it's probably not a 85 00:04:02,360 --> 00:04:05,200 Speaker 3: good idea that I do that. Probably probably the youth, 86 00:04:05,240 --> 00:04:07,240 Speaker 3: the football and basketball ticket holder. 87 00:04:07,400 --> 00:04:10,280 Speaker 2: Go yeah, my gripes likely will not hold up in court. 88 00:04:10,680 --> 00:04:13,600 Speaker 2: Attorney Steward W. Penrose from the Manila Law Group is 89 00:04:13,640 --> 00:04:15,440 Speaker 2: with this, I think you and I have talked about 90 00:04:15,480 --> 00:04:21,159 Speaker 2: sports prediction markets in the past, and uh, I like 91 00:04:21,200 --> 00:04:26,080 Speaker 2: sports wagering. The sports prediction markets make me feel icky. 92 00:04:26,120 --> 00:04:28,359 Speaker 2: This is apparently going to get to the Supreme Court, 93 00:04:28,360 --> 00:04:31,359 Speaker 2: where now they may decide on the basic future, the 94 00:04:31,400 --> 00:04:35,280 Speaker 2: basic existence at least in this country of sports prediction markets. 95 00:04:35,600 --> 00:04:36,800 Speaker 2: Where do we see this going? 96 00:04:38,200 --> 00:04:39,640 Speaker 3: Well, we don't know if it's going to get the 97 00:04:39,640 --> 00:04:42,640 Speaker 3: Supreme Court yet, mo. What we have or are we 98 00:04:42,720 --> 00:04:47,960 Speaker 3: have various you know, somewhat analogous cases in different federal 99 00:04:47,960 --> 00:04:51,479 Speaker 3: courts across the country right now where Kelsey's being challenged 100 00:04:51,480 --> 00:04:53,960 Speaker 3: on different things. You know, the corrupt of it are? 101 00:04:54,120 --> 00:04:56,960 Speaker 3: You know, states are saying, hey, this is sports gambling 102 00:04:57,040 --> 00:04:59,919 Speaker 3: and all but name you know, if it walks, talks 103 00:05:00,720 --> 00:05:03,599 Speaker 3: and looks like sports gambling, it's sports gambling and it 104 00:05:03,600 --> 00:05:06,240 Speaker 3: should be subject to our state laws. And let's be honest, 105 00:05:06,279 --> 00:05:08,719 Speaker 3: they want the type that they want the revenue from it, 106 00:05:09,120 --> 00:05:12,280 Speaker 3: and why wouldn't they So that that's the crux of 107 00:05:12,320 --> 00:05:14,919 Speaker 3: it here that they're they're challenging, you know, should this 108 00:05:15,000 --> 00:05:18,320 Speaker 3: be governed under state law or the federal law Preemphis. 109 00:05:19,360 --> 00:05:21,400 Speaker 3: It's going to be really interesting to see how these 110 00:05:21,400 --> 00:05:24,800 Speaker 3: decisions come out, it may get to the Supreme Court 111 00:05:24,920 --> 00:05:28,720 Speaker 3: if we get decisions that contradict each other, and that's 112 00:05:28,720 --> 00:05:32,320 Speaker 3: really when you would see potential Supreme Court involvement. But 113 00:05:32,360 --> 00:05:35,520 Speaker 3: it's going to be really far reaching because I mean, yes, 114 00:05:35,560 --> 00:05:37,600 Speaker 3: you're looking at it the blind eye. It doesn't look 115 00:05:37,640 --> 00:05:39,080 Speaker 3: any different than sports gambling. 116 00:05:39,400 --> 00:05:39,599 Speaker 1: Uh. 117 00:05:39,920 --> 00:05:43,000 Speaker 3: And and it's a it's at a stay where you know, 118 00:05:43,040 --> 00:05:45,320 Speaker 3: depending upon how these decisions go down, and if it 119 00:05:45,400 --> 00:05:48,000 Speaker 3: goes to the Supreme Court, are are prediction market's going 120 00:05:48,080 --> 00:05:51,640 Speaker 3: to go away completely? Or they can explode? And if 121 00:05:51,640 --> 00:05:54,679 Speaker 3: they explode, does does that mean that uh, your draft teams, 122 00:05:54,720 --> 00:05:57,320 Speaker 3: your fan duels, you, your you're what have you for? Uh? 123 00:05:57,720 --> 00:06:01,400 Speaker 3: You know, traditional sports vetting platform? Do they then switch 124 00:06:01,440 --> 00:06:03,719 Speaker 3: their business models to be a prediction market? You know, 125 00:06:03,760 --> 00:06:05,320 Speaker 3: we'll have to wait and see it. There's just so 126 00:06:05,400 --> 00:06:07,880 Speaker 3: many moving parts and it's gonna be really interesting to 127 00:06:07,880 --> 00:06:10,400 Speaker 3: see how things come down. I will say this, U 128 00:06:10,680 --> 00:06:12,680 Speaker 3: states and governments are going to want their their their 129 00:06:12,720 --> 00:06:15,480 Speaker 3: revenue from it one way or the other. So something's 130 00:06:15,520 --> 00:06:18,360 Speaker 3: got to give in some way to accommodate that. 131 00:06:18,480 --> 00:06:21,799 Speaker 2: If if this wasn't because you could there were people 132 00:06:21,800 --> 00:06:24,880 Speaker 2: who were making money predicting whether we would bomb Iraq, 133 00:06:25,400 --> 00:06:29,119 Speaker 2: which I just I can't wrap my brain around. If yeah, 134 00:06:29,240 --> 00:06:32,640 Speaker 2: if if this wasn't tied directly to sports, would this 135 00:06:32,680 --> 00:06:36,960 Speaker 2: face similar legal challenges? Would this face no legal challenges? 136 00:06:36,960 --> 00:06:39,200 Speaker 2: Would they be different legal challenges? How would this work? 137 00:06:40,440 --> 00:06:44,039 Speaker 3: Well, they're facing legal challenges and other aspects. Now I know, 138 00:06:44,160 --> 00:06:47,760 Speaker 3: for instance, they're not allowed to put prediction markets out 139 00:06:47,760 --> 00:06:51,360 Speaker 3: there on elections and and their challenge and Kelsey has 140 00:06:51,360 --> 00:06:54,359 Speaker 3: directly challenged that. We'll see how that comes out. So 141 00:06:54,360 --> 00:06:56,400 Speaker 3: so yes, it's more than just sports. 142 00:06:57,320 --> 00:07:00,559 Speaker 2: It's weird. And uh, that's the pop calling the kettle black. 143 00:07:00,680 --> 00:07:03,320 Speaker 2: Attorney Steward W. Penrose from the Midida Law Group. I 144 00:07:03,320 --> 00:07:05,560 Speaker 2: appreciate the time as always. We'll talk again next week. 145 00:07:06,680 --> 00:07:07,240 Speaker 3: Thank you, mob. 146 00:07:07,480 --> 00:07:11,000 Speaker 2: That's our guy, our legal expert. Attorney Stewart W. Penrose 147 00:07:11,040 --> 00:07:15,000 Speaker 2: from the Manilo Lawgroup. Go to Manilolawgroup dot com. We're 148 00:07:15,040 --> 00:07:18,040 Speaker 2: gonna preview the Bonded Spirit Bluegrass Festival. 149 00:07:17,720 --> 00:07:25,240 Speaker 3: Next Cincinnati's ESPN fifteen thirty Traffic from. 150 00:07:25,040 --> 00:07:29,920 Speaker 2: The UCHealth Traffic Center at the Ucgardner Neuroscience Institute. The 151 00:07:30,040 --> 00:07:33,800 Speaker 2: Multiple Sclerosis Experts deliver personalized treatments. 152 00:07:33,880 --> 00:07:38,640 Speaker 1: Groundbreaking research and integrated support services. 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