1
00:00:00,080 --> 00:00:02,240
Speaker 1: It's time to talk sports and money with our friend

2
00:00:02,600 --> 00:00:06,720
Speaker 1: Amy Wagner. Amy Wagner Wealth advisor from Dean Dorton Private Wealth.

3
00:00:06,720 --> 00:00:11,520
Speaker 1: You can learn more about Dean Dorton at deandortonwealth dot com.

4
00:00:11,600 --> 00:00:15,240
Speaker 1: It's always awesome to have you. Here's what I want

5
00:00:15,240 --> 00:00:19,200
Speaker 1: to ask you about. Okay, So every year CNBC comes

6
00:00:19,200 --> 00:00:22,800
Speaker 1: out with their list of like NFL franchise values, and

7
00:00:23,440 --> 00:00:25,600
Speaker 1: you know, you see this or you see this. Every

8
00:00:25,680 --> 00:00:27,560
Speaker 1: year with the start of the baseball season they come

9
00:00:27,560 --> 00:00:33,400
Speaker 1: out with their list of MLB franchise values. The Bengals,

10
00:00:33,520 --> 00:00:36,800
Speaker 1: for instance, worth over six billion dollars, which is a

11
00:00:36,840 --> 00:00:39,120
Speaker 1: lot of money. On the other hand, twenty nine NFL

12
00:00:39,159 --> 00:00:42,360
Speaker 1: teams are worth more. The Reds are worth one point

13
00:00:42,400 --> 00:00:47,680
Speaker 1: five billion dollars. That's a lot of money. It's a franchise, however,

14
00:00:47,720 --> 00:00:49,440
Speaker 1: that people criticize them for being cheap.

15
00:00:49,479 --> 00:00:50,479
Speaker 2: So I'm going to start with this.

16
00:00:51,120 --> 00:00:55,200
Speaker 1: Explain for me the difference between a franchise's valuation and

17
00:00:55,280 --> 00:00:57,840
Speaker 1: what they might be able to spend on stuff like players.

18
00:00:59,160 --> 00:01:01,400
Speaker 3: I mean, I think that you know, five billion, six

19
00:01:01,440 --> 00:01:03,600
Speaker 3: billion sounds like a lot of money, but you're a

20
00:01:03,600 --> 00:01:06,160
Speaker 3: little bit lacking some perspective there sometimes you know, and

21
00:01:06,240 --> 00:01:10,480
Speaker 3: also you know, for comparison's stake, the largest team or

22
00:01:10,480 --> 00:01:14,280
Speaker 3: the largest team valuation, the Cowboys have more than doubled

23
00:01:14,560 --> 00:01:17,040
Speaker 3: what the Bengals are worth. The average team in the

24
00:01:17,160 --> 00:01:21,800
Speaker 3: NFL seven point sixty five billion. So we're below average here.

25
00:01:22,200 --> 00:01:23,840
Speaker 3: And you know, I think you have to understand there's

26
00:01:23,840 --> 00:01:26,319
Speaker 3: several layers of this. One of them is there are

27
00:01:26,360 --> 00:01:30,800
Speaker 3: there's certain pot of money that every team gets to split, right,

28
00:01:31,160 --> 00:01:35,679
Speaker 3: TV licensing and sponsorships. Those proceeds are shared evenly among

29
00:01:35,880 --> 00:01:38,360
Speaker 3: thirty two franchise teams, right to the tune of about

30
00:01:38,440 --> 00:01:40,480
Speaker 3: four hundred and thirty three million a team.

31
00:01:40,880 --> 00:01:41,959
Speaker 2: So what's the difference.

32
00:01:42,040 --> 00:01:46,639
Speaker 3: Well, everyone has different stadiums, stadium financing deals.

33
00:01:46,680 --> 00:01:51,480
Speaker 2: We could spend days here just talking about Peycrep, the Bangals,

34
00:01:51,560 --> 00:01:53,800
Speaker 2: Hamilton County in that whole deal.

35
00:01:54,400 --> 00:01:56,360
Speaker 3: But I think it's really important to understand that when

36
00:01:56,360 --> 00:02:00,920
Speaker 3: you're looking at these valuations, there's tangibles and then there's intangibles.

37
00:02:00,960 --> 00:02:03,120
Speaker 2: Right, you can figure out how much.

38
00:02:03,080 --> 00:02:05,480
Speaker 3: A stadium is worth, you can figure out how much

39
00:02:05,520 --> 00:02:07,440
Speaker 3: the equipment that the Bengals own are.

40
00:02:07,640 --> 00:02:09,239
Speaker 2: You can even look at how much you know their

41
00:02:09,280 --> 00:02:10,320
Speaker 2: payroll is worth.

42
00:02:10,400 --> 00:02:13,760
Speaker 3: Right, But then there's intangibles, and I think that's what

43
00:02:13,960 --> 00:02:17,519
Speaker 3: makes the difference between where the Bengals are and where

44
00:02:17,520 --> 00:02:20,360
Speaker 3: the Cowboys are. Right, we'll just use them as the

45
00:02:20,400 --> 00:02:24,000
Speaker 3: other team and this example. And in the intangible is

46
00:02:24,040 --> 00:02:29,200
Speaker 3: things like brand right, like the it factor, you know.

47
00:02:29,240 --> 00:02:33,360
Speaker 3: I mean there's you know, Cowboys fans who are from

48
00:02:33,440 --> 00:02:36,400
Speaker 3: here who have no reason to be Cowboys fans. What

49
00:02:36,480 --> 00:02:40,079
Speaker 3: they just are because the team is iconic, the cheerleaders

50
00:02:40,160 --> 00:02:43,280
Speaker 3: are iconic, their costumes are iconic.

51
00:02:44,200 --> 00:02:46,480
Speaker 2: And somehow along the way.

52
00:02:46,760 --> 00:02:50,079
Speaker 3: A marketing machine was put into place in Dallas that

53
00:02:50,520 --> 00:02:53,520
Speaker 3: build that that builds out that iconic status. And I

54
00:02:53,520 --> 00:02:57,800
Speaker 3: would argue nothing against the Brown family that maybe something

55
00:02:57,919 --> 00:03:01,120
Speaker 3: along those lines could be a little bit lacking here

56
00:03:01,200 --> 00:03:05,160
Speaker 3: in Cincinnati reading we have players that everyone wants to

57
00:03:05,200 --> 00:03:07,280
Speaker 3: talk about. Now, I mean, well, Joe Borrow being hurt

58
00:03:07,280 --> 00:03:09,080
Speaker 3: obviously is an issue. But I mean you've got your

59
00:03:09,160 --> 00:03:12,040
Speaker 3: Jamar Chase as your Tea's, your Trey Hendrickson's, You've got

60
00:03:12,080 --> 00:03:15,440
Speaker 3: great players that people want to talk about. But when

61
00:03:15,520 --> 00:03:19,280
Speaker 3: you remove those players from the conversation, what is the

62
00:03:19,320 --> 00:03:23,560
Speaker 3: Bengals organization? What does it stand for? What is it

63
00:03:23,720 --> 00:03:26,400
Speaker 3: all about? I think many fans would kind of be

64
00:03:26,400 --> 00:03:29,480
Speaker 3: scratching their heads with that answer.

65
00:03:29,520 --> 00:03:31,240
Speaker 1: I don't know what would you say, Well, I mean,

66
00:03:32,120 --> 00:03:36,280
Speaker 1: I look at it from a very sort of basic perspective.

67
00:03:36,480 --> 00:03:39,400
Speaker 1: When you hear the Bengals don't have the money that

68
00:03:39,520 --> 00:03:42,320
Speaker 1: Jerry Jones does, or that the New York Giants might write,

69
00:03:42,400 --> 00:03:44,400
Speaker 1: or that the New England Patriots do, like, that's all

70
00:03:44,400 --> 00:03:46,880
Speaker 1: well and good. They still have a franchise worth six

71
00:03:46,920 --> 00:03:49,880
Speaker 1: billion dollars. And so you mentioned the stadium thing. There's

72
00:03:49,920 --> 00:03:53,000
Speaker 1: a lot of folks and I've evolved my way of

73
00:03:53,040 --> 00:03:55,080
Speaker 1: thinking because I used to be completely opposed to the

74
00:03:55,120 --> 00:03:59,320
Speaker 1: idea the taxpayers should fund pro sports stadiums. Now I

75
00:03:59,360 --> 00:04:03,040
Speaker 1: don't quite feel exactly the same, but it would be

76
00:04:03,120 --> 00:04:05,360
Speaker 1: nice if they would kick in more money for their stadiums.

77
00:04:05,360 --> 00:04:07,920
Speaker 1: And so people will say on the other end of

78
00:04:07,960 --> 00:04:10,520
Speaker 1: that screw that I shouldn't have to pay for the

79
00:04:10,560 --> 00:04:14,240
Speaker 1: Bengal stadium. The Brown family has a franchise worth six

80
00:04:14,320 --> 00:04:18,040
Speaker 1: billion dollars. Others will say that doesn't mean that they

81
00:04:18,040 --> 00:04:20,480
Speaker 1: could afford to pay their stadium pay for their stadium

82
00:04:20,520 --> 00:04:21,000
Speaker 1: on their own.

83
00:04:21,120 --> 00:04:21,800
Speaker 2: So which is it?

84
00:04:22,120 --> 00:04:24,200
Speaker 3: Well, and I think you can look at any business

85
00:04:24,240 --> 00:04:27,159
Speaker 3: since you have this business and it's worth X dollars.

86
00:04:27,200 --> 00:04:28,400
Speaker 2: That doesn't mean it's liquid.

87
00:04:28,880 --> 00:04:30,880
Speaker 3: It doesn't mean you've got all this money coming out

88
00:04:30,880 --> 00:04:32,760
Speaker 3: of your pockets and out of your pores that you

89
00:04:32,880 --> 00:04:34,720
Speaker 3: have just to spend on things.

90
00:04:35,279 --> 00:04:37,560
Speaker 2: You know, I mean there is a gap there.

91
00:04:37,839 --> 00:04:40,520
Speaker 3: And you know, I don't just think the Bengals don't

92
00:04:40,560 --> 00:04:43,560
Speaker 3: necessarily have that gap. I mean the gap is going

93
00:04:43,600 --> 00:04:46,159
Speaker 3: to be in that intangible place because everyone's going to

94
00:04:46,160 --> 00:04:50,320
Speaker 3: have not the same fixed expenses, differing fixed expenses depending

95
00:04:50,320 --> 00:04:53,240
Speaker 3: on how expensive your stadium is. But you know, and

96
00:04:53,279 --> 00:04:54,880
Speaker 3: I think also listen, and I do not want to

97
00:04:54,880 --> 00:04:56,800
Speaker 3: get in the middle it is. I would rather talk

98
00:04:56,920 --> 00:05:02,280
Speaker 3: politics than talk Hamild's County stadium deal. But you and

99
00:05:02,279 --> 00:05:04,839
Speaker 3: I have had the conversation before, too of you can't

100
00:05:04,880 --> 00:05:09,520
Speaker 3: ignore the spillover that happens, the economic impact that even

101
00:05:09,560 --> 00:05:12,280
Speaker 3: the Bengals during this season will bring to.

102
00:05:12,720 --> 00:05:13,840
Speaker 2: The Tri state area.

103
00:05:15,040 --> 00:05:17,880
Speaker 3: Detroit a few weeks ago, right, even if they weren't

104
00:05:17,920 --> 00:05:21,080
Speaker 3: Bengals fans, there were Detroit fans every we were in

105
00:05:21,160 --> 00:05:24,839
Speaker 3: Newport and Covington that day. They were everywhere, staying in

106
00:05:24,920 --> 00:05:28,799
Speaker 3: hotel rooms, flying in, driving in, filling up their guest tanks.

107
00:05:28,839 --> 00:05:31,560
Speaker 3: Here in Cincinnati, eating, going to all the bars, all

108
00:05:31,600 --> 00:05:36,200
Speaker 3: those places, right, and so that economic impact spillover does

109
00:05:36,960 --> 00:05:41,560
Speaker 3: impact our economy locally for the positive. I know lots

110
00:05:41,600 --> 00:05:44,280
Speaker 3: of people who same thing. They're like, I don't care

111
00:05:44,279 --> 00:05:46,680
Speaker 3: about the Bengals. Why am I paying this tax? I

112
00:05:46,720 --> 00:05:49,240
Speaker 3: would argue, And maybe this is kind of where you've

113
00:05:49,240 --> 00:05:52,200
Speaker 3: evolved over the years and your thinking. We still all

114
00:05:52,240 --> 00:05:56,640
Speaker 3: benefit from the economic impact of the Bengals franchise of

115
00:05:56,800 --> 00:05:58,440
Speaker 3: having the Cincinnati Reds here.

116
00:05:58,680 --> 00:06:00,520
Speaker 2: You move them to a front.

117
00:06:00,279 --> 00:06:04,200
Speaker 3: Market and it has an undeniable impact on our economy.

118
00:06:04,320 --> 00:06:07,200
Speaker 1: My my change, my thinking change when the Bengals went

119
00:06:07,240 --> 00:06:10,360
Speaker 1: to the Super Bowl, because I felt like that the

120
00:06:10,400 --> 00:06:13,719
Speaker 1: branding of Cincinnati was important, right, the story of Cincinnati

121
00:06:13,760 --> 00:06:17,120
Speaker 1: being told nationally was important, and that happened on the

122
00:06:17,240 --> 00:06:20,720
Speaker 1: on the tails of the Bengals. With with baseball, like

123
00:06:21,279 --> 00:06:24,520
Speaker 1: baseball is different, right with football, it's it's direct revenue sharing.

124
00:06:24,760 --> 00:06:26,880
Speaker 1: Most of all the revenue gets thrown into the exact

125
00:06:26,920 --> 00:06:29,520
Speaker 1: same pot. It's it's not quite the same in Major

126
00:06:29,560 --> 00:06:31,120
Speaker 1: League Baseball. And so what do you say to the

127
00:06:31,120 --> 00:06:34,600
Speaker 1: Reds fan who's like, look, all right, the Bob Castelini

128
00:06:34,640 --> 00:06:36,640
Speaker 1: bought the team and paid like two hundred and eighty million.

129
00:06:36,720 --> 00:06:39,719
Speaker 1: The franchise itself is worth one point five and yet

130
00:06:39,760 --> 00:06:42,400
Speaker 1: we still have, you know, we're still on the lower rent,

131
00:06:42,480 --> 00:06:45,280
Speaker 1: the lower rung of what teams pay for players. They

132
00:06:45,320 --> 00:06:48,039
Speaker 1: have one point five billion dollars in worth, So why

133
00:06:48,080 --> 00:06:51,560
Speaker 1: can't they Why can't they double what they're spending on players?

134
00:06:51,560 --> 00:06:52,880
Speaker 1: What do you say to that fan, Well, I.

135
00:06:52,800 --> 00:06:56,119
Speaker 3: Think there's a percentage of money that's available right for

136
00:06:56,400 --> 00:06:58,880
Speaker 3: these payrolls. I mean, we can go back to the

137
00:06:58,920 --> 00:07:03,359
Speaker 3: fact that the Dodgers are They're payrolls five times more

138
00:07:03,839 --> 00:07:07,479
Speaker 3: what the Reds have, but also the team valuation, the

139
00:07:07,520 --> 00:07:07,880
Speaker 3: team is.

140
00:07:07,880 --> 00:07:09,720
Speaker 2: Worth so much more, you know what I mean.

141
00:07:10,240 --> 00:07:12,080
Speaker 3: I don't know how we got kind of the bad

142
00:07:12,160 --> 00:07:14,320
Speaker 3: end of the deal here in Cincinnati, but I mean

143
00:07:14,400 --> 00:07:16,160
Speaker 3: when you look at the rankings, of course, you know,

144
00:07:16,240 --> 00:07:19,320
Speaker 3: across MLB and NFL teams, we're at the bottom of

145
00:07:19,360 --> 00:07:20,760
Speaker 3: the barrel for both.

146
00:07:21,280 --> 00:07:23,120
Speaker 2: We're smaller market, but there's also.

147
00:07:23,160 --> 00:07:29,000
Speaker 3: Other probably comparably sized markets that are doing somewhat better

148
00:07:29,040 --> 00:07:31,760
Speaker 3: than Cincinnati is in these rankings, you know, And I

149
00:07:31,800 --> 00:07:33,680
Speaker 3: think you can look at the dollar amount and say,

150
00:07:33,680 --> 00:07:36,000
Speaker 3: why can't we spend more? But I think you also

151
00:07:36,040 --> 00:07:37,840
Speaker 3: have to look at where we're ranked on that list

152
00:07:37,880 --> 00:07:40,680
Speaker 3: and saying, Okay, if the Dodgers are spending you know,

153
00:07:41,440 --> 00:07:44,040
Speaker 3: five hundred million or whatever that number is, and we're

154
00:07:44,040 --> 00:07:47,440
Speaker 3: at a one hundred and twenty eight every year, what's

155
00:07:47,480 --> 00:07:48,080
Speaker 3: the difference.

156
00:07:48,160 --> 00:07:50,560
Speaker 2: Well, they have more money. I mean, they just have

157
00:07:50,600 --> 00:07:51,119
Speaker 2: more money.

158
00:07:51,120 --> 00:07:52,280
Speaker 3: And so I don't think you can look at that

159
00:07:52,360 --> 00:07:55,000
Speaker 3: bottom line number and say that's a lot of money.

160
00:07:55,040 --> 00:07:57,160
Speaker 2: We should be spending more, you know.

161
00:07:57,200 --> 00:07:59,400
Speaker 3: And I don't know what their margins are, you know,

162
00:07:59,440 --> 00:08:03,760
Speaker 3: I don't know anything like that necessarily. But unfortunately we're

163
00:08:03,760 --> 00:08:05,280
Speaker 3: at the bottom of the barrel in boothless.

164
00:08:05,280 --> 00:08:07,400
Speaker 1: And that's the thing like pro sports teams don't have

165
00:08:07,480 --> 00:08:09,200
Speaker 1: to open up their books, which makes it, I think,

166
00:08:09,240 --> 00:08:12,560
Speaker 1: from a fan perspective, doubly frustrating. Let's talk about this

167
00:08:12,600 --> 00:08:15,080
Speaker 1: is what's interesting to me. You're a Kentucky fan, but

168
00:08:15,160 --> 00:08:19,560
Speaker 1: your favorite college football players Indiana quarterback Fernando Mendoza, and

169
00:08:19,600 --> 00:08:21,480
Speaker 1: it doesn't have much to do with his play on

170
00:08:21,520 --> 00:08:21,840
Speaker 1: the field.

171
00:08:21,920 --> 00:08:23,880
Speaker 3: Yeah, I mean, never what I have ever thought I

172
00:08:23,880 --> 00:08:26,440
Speaker 3: would be talking about a Hoosier in such great But

173
00:08:26,640 --> 00:08:28,600
Speaker 3: you know, you and I have talked before about the

174
00:08:28,600 --> 00:08:32,920
Speaker 3: fact that the average career span of an NFL player

175
00:08:33,040 --> 00:08:35,600
Speaker 3: is three point three years, and we've even seen stats

176
00:08:35,600 --> 00:08:38,360
Speaker 3: that say, like, hey, you know, a few years removed

177
00:08:38,480 --> 00:08:41,720
Speaker 3: from the league, many of them have nothing to show

178
00:08:41,720 --> 00:08:43,840
Speaker 3: for the fact that they made millions and millions of dollars.

179
00:08:43,840 --> 00:08:48,920
Speaker 3: So their quarterback, Fernando Mendoza, this kid is insanely smart.

180
00:08:49,200 --> 00:08:53,359
Speaker 3: He went to CAL and got into a really impressive

181
00:08:53,440 --> 00:08:56,640
Speaker 3: business school there, and as the story goes, he would

182
00:08:56,720 --> 00:08:59,560
Speaker 3: go to practice from five thirty to ten thirty every

183
00:08:59,600 --> 00:09:03,520
Speaker 3: morning and then drive across town to an internship all

184
00:09:03,640 --> 00:09:06,320
Speaker 3: day long and a really impressive investment bank place, and

185
00:09:06,360 --> 00:09:08,760
Speaker 3: then come back to the stadium and do all the

186
00:09:08,840 --> 00:09:14,280
Speaker 3: cold plunging and you know, watching reels, watching game tape videos,

187
00:09:14,480 --> 00:09:17,959
Speaker 3: and so his whole life has been both football and

188
00:09:18,200 --> 00:09:22,800
Speaker 3: also academics at the highest level. And when I worry

189
00:09:22,880 --> 00:09:25,960
Speaker 3: about often right these players and how they're going to

190
00:09:26,800 --> 00:09:30,000
Speaker 3: react to these insane incomes that they're making, this is

191
00:09:30,040 --> 00:09:34,120
Speaker 3: someone who has the business acumen, the financial background to

192
00:09:34,200 --> 00:09:36,320
Speaker 3: make sure that he's fine. In fact, like quick story,

193
00:09:36,679 --> 00:09:38,800
Speaker 3: so when he announced that he was leaving from Cow

194
00:09:38,920 --> 00:09:41,600
Speaker 3: to come to IU for grad school, Cal was like, well,

195
00:09:41,640 --> 00:09:43,360
Speaker 3: you were in a full ride scholarship, but you've.

196
00:09:43,200 --> 00:09:44,920
Speaker 2: Got to pay for these classes while you're here.

197
00:09:45,000 --> 00:09:47,960
Speaker 3: This last semester he used nil money that he was

198
00:09:48,000 --> 00:09:50,440
Speaker 3: going to get right a lot more from IU to

199
00:09:50,480 --> 00:09:53,080
Speaker 3: help pay for that. But also his dad had a

200
00:09:53,120 --> 00:09:55,719
Speaker 3: conversation with him about, Hey, this nil money that you're

201
00:09:55,720 --> 00:09:58,080
Speaker 3: getting feels like a lot right now you are like

202
00:09:58,240 --> 00:09:59,360
Speaker 3: front and center IU.

203
00:10:00,320 --> 00:10:02,400
Speaker 2: There are tax implications to that.

204
00:10:02,800 --> 00:10:05,680
Speaker 3: And we've also had conversations about our concerns that we

205
00:10:05,760 --> 00:10:09,760
Speaker 3: have now kids eighteen nineteen year old running around making

206
00:10:09,880 --> 00:10:13,840
Speaker 3: forty thousand or one hundred thousand where they never would before,

207
00:10:13,960 --> 00:10:17,120
Speaker 3: and maybe they don't have the backgrounds, you know, the

208
00:10:17,160 --> 00:10:20,400
Speaker 3: business classes, that the personal finance classes to know how

209
00:10:20,440 --> 00:10:22,480
Speaker 3: to deal with that. So I just think it's great

210
00:10:22,520 --> 00:10:25,520
Speaker 3: to highlight someone who, let's watch this kid.

211
00:10:25,600 --> 00:10:28,319
Speaker 2: He's probably going to go pretty high up in.

212
00:10:28,280 --> 00:10:31,080
Speaker 3: The draft in the NFL, and he's probably going to

213
00:10:31,080 --> 00:10:34,280
Speaker 3: make some insanely smart decisions that may not only set

214
00:10:34,360 --> 00:10:35,960
Speaker 3: up just his family, but we can talk.

215
00:10:35,840 --> 00:10:37,560
Speaker 2: About generational wealth.

216
00:10:37,679 --> 00:10:41,160
Speaker 3: Right when you start making smart decisions, when that first

217
00:10:41,160 --> 00:10:44,280
Speaker 3: paycheck comes in, that's not only changing you and your children,

218
00:10:44,320 --> 00:10:47,880
Speaker 3: that's your children's children. And that's really understanding how these

219
00:10:47,920 --> 00:10:48,839
Speaker 3: concepts work together.

220
00:10:49,040 --> 00:10:52,120
Speaker 1: Fernanda Mendoza, quarterback to the third RDE team in the country.

221
00:10:52,160 --> 00:10:54,400
Speaker 1: But you don't see many of these guys profiled in

222
00:10:54,440 --> 00:10:57,199
Speaker 1: the Wall Street Journal. You brought this into me. He's

223
00:10:57,440 --> 00:11:01,079
Speaker 1: profiled as the finance nerd who might be college football's

224
00:11:01,120 --> 00:11:02,120
Speaker 1: next great quarterbacks.

225
00:11:02,160 --> 00:11:02,880
Speaker 2: So check that out.

226
00:11:02,920 --> 00:11:07,480
Speaker 1: Business school grad who's been an intern at an investment firm.

227
00:11:07,760 --> 00:11:10,600
Speaker 1: He's I have not seen his LinkedIn profile, but apparently

228
00:11:10,640 --> 00:11:11,360
Speaker 1: he's like actter.

229
00:11:11,200 --> 00:11:13,360
Speaker 2: Ball only social media that he has.

230
00:11:13,440 --> 00:11:15,679
Speaker 3: You think about the hype that so many of these

231
00:11:15,720 --> 00:11:18,320
Speaker 3: players have on their social media accounts right their Instagram,

232
00:11:18,360 --> 00:11:19,600
Speaker 3: their tiktoks there or whatever.

233
00:11:20,000 --> 00:11:20,280
Speaker 2: I mean.

234
00:11:20,440 --> 00:11:23,200
Speaker 3: He is so laser focused on his academics and his

235
00:11:23,240 --> 00:11:25,600
Speaker 3: career that that's the only social media he has and

236
00:11:25,640 --> 00:11:28,240
Speaker 3: by the way, most efficient passer and.

237
00:11:28,280 --> 00:11:30,560
Speaker 2: Major college football right now. So it's like he is

238
00:11:30,720 --> 00:11:31,920
Speaker 2: equally successful.

239
00:11:32,320 --> 00:11:35,800
Speaker 3: Rarely does anyone kind of reach that altitude on either

240
00:11:35,880 --> 00:11:37,120
Speaker 3: academics or athletics.

241
00:11:37,240 --> 00:11:39,480
Speaker 2: He's reached it in both places.

242
00:11:39,600 --> 00:11:41,440
Speaker 3: You know, And I'm happy to cheer for who's your

243
00:11:41,600 --> 00:11:43,760
Speaker 3: who's in that kind of a place.

244
00:11:44,040 --> 00:11:44,680
Speaker 2: Yeah, I'm with you.

245
00:11:44,720 --> 00:11:47,040
Speaker 1: I think it's fun that Indiana's good and now a

246
00:11:47,120 --> 00:11:50,920
Speaker 1: quarterback who's easy to root for? Amy Wagner. Wealth advisor

247
00:11:50,960 --> 00:11:54,640
Speaker 1: Dean Dorton Private Wealth. Learn more at Dean dortonwealth dot

248
00:11:54,679 --> 00:11:55,120
Speaker 1: com