1 00:00:02,680 --> 00:00:05,240 Speaker 1: Hello, I'm Michael barn and I'm Scott Sasnik. On this 2 00:00:05,280 --> 00:00:07,960 Speaker 1: weekly podcast, we explore the big money issues in the 3 00:00:08,000 --> 00:00:10,000 Speaker 1: world of sports and talk to some of the biggest 4 00:00:10,000 --> 00:00:12,520 Speaker 1: players in the industry. On this week's show, we have 5 00:00:12,800 --> 00:00:17,279 Speaker 1: Jordan's Slackter, president of Think for fifty, the for profit 6 00:00:17,400 --> 00:00:20,680 Speaker 1: arm of the NBA Players Association. But first let's look 7 00:00:20,680 --> 00:00:22,439 Speaker 1: at the top stories of the week. Joining us is 8 00:00:22,480 --> 00:00:26,640 Speaker 1: Bloomberg Business of Sports reporter Evan Noby Williams. That's Dot 9 00:00:26,920 --> 00:00:30,240 Speaker 1: with the Masters and the Green Jacket. Twenty seven year 10 00:00:30,280 --> 00:00:33,879 Speaker 1: old Patrick Read captured his first major, winning the Masters 11 00:00:34,200 --> 00:00:36,680 Speaker 1: and that coveted green jacket when he sang a three 12 00:00:36,760 --> 00:00:41,120 Speaker 1: footer on eighteen You heard it right here on Bloomberg Radio. 13 00:00:41,360 --> 00:00:45,879 Speaker 1: This par putt to win the Masters takes one more 14 00:00:45,920 --> 00:00:47,760 Speaker 1: look down the line ball on it's waging. It's in, 15 00:00:49,760 --> 00:00:55,720 Speaker 1: and Patrick Reid has won the eighties second Masters, so 16 00:00:55,800 --> 00:00:58,760 Speaker 1: we'll read be able to turn green into gold. Earlier 17 00:00:58,800 --> 00:01:02,040 Speaker 1: this week, Read to visit to Bloomberg World headquarters in 18 00:01:02,040 --> 00:01:05,399 Speaker 1: New York and talked about possible future deals with sponsors. 19 00:01:05,959 --> 00:01:08,399 Speaker 1: With being able to partner up with Nike allowed me 20 00:01:08,440 --> 00:01:11,120 Speaker 1: to free up and and feel real comfortable with putting 21 00:01:11,160 --> 00:01:14,119 Speaker 1: all these clubs in my bags. So now a lot 22 00:01:14,120 --> 00:01:17,240 Speaker 1: of times, you know, it's just all gonna depend hopefully, 23 00:01:17,280 --> 00:01:20,240 Speaker 1: and maybe if I do, it might be a kind 24 00:01:20,240 --> 00:01:24,080 Speaker 1: of split deal rather than just one. Mr Reid's life 25 00:01:24,120 --> 00:01:27,640 Speaker 1: has changed forever. Gentleman. Yeah, that the clip he's talking 26 00:01:27,640 --> 00:01:29,800 Speaker 1: about the fact that he doesn't have an equipment sponsor, 27 00:01:29,800 --> 00:01:32,600 Speaker 1: which is pretty rare for someone who wins the Masters. 28 00:01:32,640 --> 00:01:34,880 Speaker 1: You know, usually it's a guy that has all of 29 00:01:34,920 --> 00:01:37,720 Speaker 1: his clubs Driver through putter are all made by Nike, 30 00:01:37,760 --> 00:01:42,000 Speaker 1: are all made by Titlist, etcetera. Reid has a Pink Driver, 31 00:01:42,200 --> 00:01:45,640 Speaker 1: Titlist and Callaway Irons and Odyssey Putter. He uses a 32 00:01:45,720 --> 00:01:48,560 Speaker 1: Titleist ball. He's kind of all over the place. Um 33 00:01:48,680 --> 00:01:51,720 Speaker 1: and as he says, he's a quiz sponsorship apparel deal 34 00:01:51,760 --> 00:01:55,000 Speaker 1: with Nike. Uh, they pay him. He only wears Nike, 35 00:01:55,320 --> 00:01:57,600 Speaker 1: and that's abled him to have the freedom to mix 36 00:01:57,600 --> 00:02:00,120 Speaker 1: and match his bags. As he said on Bloomberg Team V, 37 00:02:00,480 --> 00:02:03,320 Speaker 1: there's a chance that he may sign multiple equipment deals, 38 00:02:03,440 --> 00:02:05,560 Speaker 1: you know, have two or three sponsors, so that he 39 00:02:05,560 --> 00:02:08,000 Speaker 1: can continue to mix and match what's in his bag. 40 00:02:08,280 --> 00:02:10,360 Speaker 1: But I would imagine that just by virtue of wearing 41 00:02:10,400 --> 00:02:12,760 Speaker 1: that green jacket. He's a bit more enticing to uh, 42 00:02:12,800 --> 00:02:14,800 Speaker 1: to sponsors now than he was a month ago. Some 43 00:02:14,919 --> 00:02:17,080 Speaker 1: golf you know, golf fans, some of them are not 44 00:02:17,200 --> 00:02:20,679 Speaker 1: really big fans. Let me chime in here as sort 45 00:02:20,680 --> 00:02:22,480 Speaker 1: of the person who doesn't follow golf. I followed a 46 00:02:22,480 --> 00:02:24,400 Speaker 1: little bit more than I do NASCAR, So I feel 47 00:02:24,400 --> 00:02:26,400 Speaker 1: so now I can have an educated opinion now that 48 00:02:26,440 --> 00:02:30,880 Speaker 1: I heard all of this. But the allegations in school, 49 00:02:31,080 --> 00:02:35,360 Speaker 1: I mean, he transferred once, like he cheated on the course, 50 00:02:35,960 --> 00:02:40,320 Speaker 1: that he stole, maybe stole items from his teammates. These 51 00:02:40,360 --> 00:02:43,679 Speaker 1: are some red flags. He's he doesn't speak with his family. 52 00:02:44,320 --> 00:02:47,720 Speaker 1: There's a lot going on here. And if you're about 53 00:02:47,760 --> 00:02:50,080 Speaker 1: to shell out big money for this guy who is 54 00:02:50,200 --> 00:02:53,920 Speaker 1: not well liked on the tour, you gotta wonder if 55 00:02:53,960 --> 00:02:56,040 Speaker 1: maybe those dollars are in better place somewhere else. You 56 00:02:56,080 --> 00:02:58,720 Speaker 1: could also hear it in the crowd of the volume 57 00:02:58,760 --> 00:03:01,960 Speaker 1: of cheers for him as a leader at the Master's 58 00:03:02,000 --> 00:03:04,280 Speaker 1: it was nowhere near the cheers you were hearing for 59 00:03:04,320 --> 00:03:07,640 Speaker 1: guys lower down like Speed, like Rory, like Fowler. It 60 00:03:07,720 --> 00:03:10,240 Speaker 1: was clear that the die hard golf fans do not 61 00:03:10,320 --> 00:03:12,840 Speaker 1: treat Patrick read the same way that they do some 62 00:03:12,960 --> 00:03:15,000 Speaker 1: of these top guys. All right, let's talk about the 63 00:03:15,040 --> 00:03:20,760 Speaker 1: next topic. Now. Los Angeles billionaire Patrick soon Shiong is 64 00:03:20,800 --> 00:03:24,320 Speaker 1: said to be near to a d C United deal. 65 00:03:24,840 --> 00:03:28,840 Speaker 1: So this is a big player involved in all of this. 66 00:03:28,919 --> 00:03:31,200 Speaker 1: Let's talk about this. In the soccer world, you always 67 00:03:31,240 --> 00:03:33,120 Speaker 1: ask the question when we have soccer people on his 68 00:03:33,200 --> 00:03:35,880 Speaker 1: soccer gonna become big? Is that is it gonna make it? 69 00:03:36,160 --> 00:03:38,080 Speaker 1: Let me tell you bar once again, if if it's 70 00:03:38,080 --> 00:03:41,280 Speaker 1: in your little paperwork there, what's the valuation on d 71 00:03:41,360 --> 00:03:44,640 Speaker 1: C United? What did he buy in at I'll tell 72 00:03:44,640 --> 00:03:49,800 Speaker 1: you ready, five hundred million dollars. I mean, this is 73 00:03:50,040 --> 00:03:54,520 Speaker 1: escalating quite quickly, and you can say the revenue right 74 00:03:54,560 --> 00:03:59,240 Speaker 1: now does not justify these valuations in MLS. But this 75 00:03:59,440 --> 00:04:02,280 Speaker 1: is a club that's building a new stadium opens in July. 76 00:04:02,520 --> 00:04:05,680 Speaker 1: It's part of a three D and fifty million dollar development. 77 00:04:06,040 --> 00:04:09,960 Speaker 1: They're building a practice center that will include a lower 78 00:04:10,040 --> 00:04:12,680 Speaker 1: level team. This is a real estate play, and as 79 00:04:12,720 --> 00:04:15,760 Speaker 1: we discussed many times on this show, sports teams are 80 00:04:15,800 --> 00:04:19,600 Speaker 1: ten poles oftentimes for media and real estate. And for 81 00:04:19,640 --> 00:04:21,800 Speaker 1: a guy like Patrick sun Sean, who just bought the 82 00:04:21,960 --> 00:04:24,960 Speaker 1: l A Times in San Diego Tribune. And by the way, 83 00:04:24,960 --> 00:04:27,080 Speaker 1: he's a part owner of the l A Lakers. This 84 00:04:27,160 --> 00:04:29,560 Speaker 1: is not a newbie to the world of sports business. 85 00:04:29,920 --> 00:04:34,960 Speaker 1: He sees value in this team in the nation's capital. 86 00:04:35,440 --> 00:04:39,680 Speaker 1: This bodes very well for MLS. Ten years ago, when 87 00:04:39,720 --> 00:04:42,479 Speaker 1: Toronto joined MLS, the expansion fee was I think it 88 00:04:42,520 --> 00:04:45,400 Speaker 1: was ten million dollars. Uh this year or last year 89 00:04:45,440 --> 00:04:47,200 Speaker 1: when l A f C joined it was two hundred 90 00:04:47,240 --> 00:04:50,320 Speaker 1: million dollars. I imagine that number if they continue to expand, 91 00:04:50,360 --> 00:04:53,040 Speaker 1: which I assume they will, is going to continue going up. 92 00:04:53,120 --> 00:04:55,800 Speaker 1: The fact that they just sold the franchise and probably 93 00:04:55,839 --> 00:04:59,159 Speaker 1: not one of the premier draws, premier franchises in the league. 94 00:04:59,320 --> 00:05:01,600 Speaker 1: The fact that they sold one with a valuation at 95 00:05:01,600 --> 00:05:04,720 Speaker 1: five million dollars is a huge, massive and they're like 96 00:05:04,800 --> 00:05:06,840 Speaker 1: ranked the eleventh in the league in terms of value 97 00:05:06,839 --> 00:05:08,880 Speaker 1: at least towards the Forbes. But yeah, that's a lot 98 00:05:08,920 --> 00:05:11,240 Speaker 1: of money from the new stadium will help absolutely. I 99 00:05:11,279 --> 00:05:13,560 Speaker 1: should add that soon she young it has a net 100 00:05:13,600 --> 00:05:17,400 Speaker 1: worth of eight point two billion dollars. Not bad. And 101 00:05:17,480 --> 00:05:19,880 Speaker 1: we move on. Yeah, we move on to the next topic. 102 00:05:19,920 --> 00:05:24,120 Speaker 1: Major League Baseball's Marlins are from Miami, but in court 103 00:05:24,160 --> 00:05:28,000 Speaker 1: they are arguing that they are from the British Virgin Islands. 104 00:05:28,240 --> 00:05:30,920 Speaker 1: What is this all about? I love this story. I 105 00:05:30,960 --> 00:05:33,520 Speaker 1: mean to catch up people that haven't really been following 106 00:05:33,960 --> 00:05:36,680 Speaker 1: h Jeffrey Lauria, who used to own the Marlins, had 107 00:05:36,720 --> 00:05:38,360 Speaker 1: a part of his contract that said that when he 108 00:05:38,480 --> 00:05:40,680 Speaker 1: sold the profits, some of the profits would go back 109 00:05:40,839 --> 00:05:43,599 Speaker 1: to Miami Diade County. When he sold, he did not 110 00:05:43,720 --> 00:05:46,720 Speaker 1: give any of those profits, claiming that he lost money overall, 111 00:05:46,800 --> 00:05:49,120 Speaker 1: so was owed nothing to the to the county and 112 00:05:49,160 --> 00:05:51,840 Speaker 1: as a result, the county is also going after Derek 113 00:05:51,920 --> 00:05:53,960 Speaker 1: Jeter and his new ownership group, saying that they are 114 00:05:54,000 --> 00:05:59,440 Speaker 1: responsible if Lauria won't pay and because of because of 115 00:05:59,600 --> 00:06:03,320 Speaker 1: some man clever bookmaking, there is a there is a 116 00:06:03,360 --> 00:06:05,320 Speaker 1: part of one of the companies that owns a piece 117 00:06:05,320 --> 00:06:11,560 Speaker 1: of the Marlin. I just wanteping making. I just want, 118 00:06:11,600 --> 00:06:13,760 Speaker 1: I just wanted. I really felt somebody needed to jump 119 00:06:13,800 --> 00:06:17,120 Speaker 1: in there that with book keeping. They are claiming that 120 00:06:17,200 --> 00:06:19,599 Speaker 1: because one of the groups that owns a piece of 121 00:06:19,600 --> 00:06:21,800 Speaker 1: the Marlins is based in British Virgin Islands, that this 122 00:06:21,880 --> 00:06:24,280 Speaker 1: is not something that should happen in Florida court. It 123 00:06:24,279 --> 00:06:26,880 Speaker 1: should happen in federal court. Uh the judge at least 124 00:06:26,880 --> 00:06:29,920 Speaker 1: early on having no part of this argument. But it 125 00:06:30,000 --> 00:06:33,240 Speaker 1: is something we see a lot in corporate America hasn't 126 00:06:33,240 --> 00:06:36,080 Speaker 1: really tripped its way into the sports world too much. 127 00:06:36,160 --> 00:06:37,760 Speaker 1: And see to Miami. You know where you see this 128 00:06:37,800 --> 00:06:40,960 Speaker 1: a lot one industry, the cruise industry. All of the flags. 129 00:06:41,040 --> 00:06:43,880 Speaker 1: Check out the flags under which these cruise ships fly under. 130 00:06:44,279 --> 00:06:47,880 Speaker 1: You will not find us registration because they're easily sued. 131 00:06:48,440 --> 00:06:52,039 Speaker 1: So I mean carnival cruise lines based in Miami, but 132 00:06:52,120 --> 00:06:54,800 Speaker 1: you'll see flags on the ships based somewhere else. And 133 00:06:54,800 --> 00:06:57,880 Speaker 1: should add that Lauria is saying that he claimed that 134 00:06:57,960 --> 00:07:01,400 Speaker 1: he lost one dty million dollars when he sold the 135 00:07:01,400 --> 00:07:05,440 Speaker 1: team our thanks to Bloomberg Sports reporter Eman W. Williams. Now, 136 00:07:05,520 --> 00:07:08,400 Speaker 1: let's get to this week's interview with Jordan Slackter, president 137 00:07:08,400 --> 00:07:11,480 Speaker 1: of Thanks for fifty, the for profit arm of the 138 00:07:11,600 --> 00:07:15,800 Speaker 1: NBA Players Association. Jordan is also a former Harvard basketball 139 00:07:15,840 --> 00:07:18,760 Speaker 1: player and the first CMO and the history of the 140 00:07:18,920 --> 00:07:22,240 Speaker 1: NBA Players Association. Always a pleasure when they come in studio, 141 00:07:22,320 --> 00:07:24,880 Speaker 1: Jordan Slaughter, thank you for coming in and joining us. 142 00:07:25,000 --> 00:07:26,640 Speaker 1: It's a pleasure to be here. Thanks for having me. 143 00:07:26,760 --> 00:07:30,120 Speaker 1: You got it. So the n b p A, for 144 00:07:30,120 --> 00:07:34,520 Speaker 1: folks who maybe haven't been keeping up over the last 145 00:07:34,520 --> 00:07:38,520 Speaker 1: couple of years, it's more than just the bargaining arm 146 00:07:38,560 --> 00:07:41,160 Speaker 1: of the NBA players Union. That's sort of the biggest, 147 00:07:41,240 --> 00:07:46,040 Speaker 1: high profile thing that the union does. But you are 148 00:07:46,280 --> 00:07:50,480 Speaker 1: for the head of the for profit arm of the union. 149 00:07:50,960 --> 00:07:55,240 Speaker 1: Tell us about the start of that arm. What was 150 00:07:55,360 --> 00:07:59,360 Speaker 1: the genesis, Well, the genesis of our company, which is 151 00:07:59,400 --> 00:08:02,040 Speaker 1: called Think or fifty were the innovation engine of the 152 00:08:02,120 --> 00:08:03,760 Speaker 1: m b p A. And like you said, we're the 153 00:08:03,800 --> 00:08:06,559 Speaker 1: for profit arm of the m b p A. Really 154 00:08:06,600 --> 00:08:10,520 Speaker 1: comes around group licensing rights and what group licensing rights are. 155 00:08:10,560 --> 00:08:12,960 Speaker 1: Every player in every league in the major sports here 156 00:08:13,000 --> 00:08:16,680 Speaker 1: in the US and abroad to signs group licensing agreements 157 00:08:16,680 --> 00:08:20,080 Speaker 1: with their unions, and those group license agreements give the 158 00:08:20,160 --> 00:08:24,640 Speaker 1: unions the right to market those rights collectively on products, 159 00:08:24,680 --> 00:08:28,680 Speaker 1: on sponsorships. A really great example of that is when 160 00:08:28,720 --> 00:08:31,520 Speaker 1: somebody makes jerseys with everybody's names on the back of them, 161 00:08:31,600 --> 00:08:34,160 Speaker 1: or when somebody makes a video game with everybody in them. 162 00:08:34,200 --> 00:08:36,320 Speaker 1: Those deals have to be done with the league's to 163 00:08:36,400 --> 00:08:38,439 Speaker 1: get the rights to the team marks and the league 164 00:08:38,480 --> 00:08:40,319 Speaker 1: marks but they also have to be done with the 165 00:08:40,360 --> 00:08:44,240 Speaker 1: players associations to get the rights to put the players names, numbers, 166 00:08:44,320 --> 00:08:46,280 Speaker 1: likenesses and images on those Well that's the way it 167 00:08:46,320 --> 00:08:50,000 Speaker 1: has to work now because in the past, what the 168 00:08:50,120 --> 00:08:53,920 Speaker 1: union essentially did was rent those rights to the league, 169 00:08:53,920 --> 00:08:56,600 Speaker 1: so it was one stop shopping exactly. So up until 170 00:08:56,800 --> 00:09:01,040 Speaker 1: last year when when the new CBA started, until that happened, 171 00:09:01,080 --> 00:09:04,280 Speaker 1: we were the only union that did not manage those 172 00:09:04,360 --> 00:09:08,200 Speaker 1: rights themselves. Uh, it was just you know, we had 173 00:09:08,600 --> 00:09:11,400 Speaker 1: a group licensing agreement with the NBA that was working 174 00:09:11,440 --> 00:09:14,000 Speaker 1: for us on some fronts, and the m b p 175 00:09:14,080 --> 00:09:17,640 Speaker 1: A wasn't staffed appropriately to manage that business. And my 176 00:09:17,760 --> 00:09:20,120 Speaker 1: goal when I joined on board about four years ago 177 00:09:20,640 --> 00:09:22,559 Speaker 1: was to set us up to take those rights back 178 00:09:22,600 --> 00:09:24,960 Speaker 1: and manage the business ourselves, which is what we did 179 00:09:25,320 --> 00:09:27,720 Speaker 1: effective with a new collective bargaining agreement which was July 180 00:09:27,800 --> 00:09:30,600 Speaker 1: for I want to expand more about what you were 181 00:09:30,640 --> 00:09:33,760 Speaker 1: talking about. It's one thing to have marketing if you're 182 00:09:33,800 --> 00:09:37,679 Speaker 1: the product like the NBA. It's another thing to have 183 00:09:37,800 --> 00:09:41,880 Speaker 1: marketing when you're part of the union, which that's gotta 184 00:09:41,920 --> 00:09:45,600 Speaker 1: be unique. It is unique because you know, the NBA 185 00:09:45,720 --> 00:09:48,480 Speaker 1: game is a collection of both what happens on the 186 00:09:48,520 --> 00:09:50,880 Speaker 1: court and what happens with the league as well as 187 00:09:50,920 --> 00:09:53,280 Speaker 1: the players, because the players are the most marketable asset 188 00:09:53,320 --> 00:09:56,160 Speaker 1: of what they do. When you look at it collectively, 189 00:09:56,600 --> 00:09:58,360 Speaker 1: there's a product that goes out there, and when you 190 00:09:58,360 --> 00:10:01,680 Speaker 1: look at it individually, there are are two separate products 191 00:10:01,679 --> 00:10:04,040 Speaker 1: that go out there. From a purely licensing point of view, 192 00:10:04,480 --> 00:10:06,480 Speaker 1: you can buy a jersey that says you can buy 193 00:10:06,480 --> 00:10:08,320 Speaker 1: a T shirt that says New York Knicks on it, 194 00:10:08,679 --> 00:10:13,000 Speaker 1: which is purely a league marketing a league product, or 195 00:10:13,080 --> 00:10:14,959 Speaker 1: you could have something that has one of our players 196 00:10:14,960 --> 00:10:17,800 Speaker 1: on it. One of the unique things that we're positioning ourselves, 197 00:10:18,000 --> 00:10:20,080 Speaker 1: which is a little different from what the other unions 198 00:10:20,080 --> 00:10:23,600 Speaker 1: are doing too, is we're really capitalizing and benefiting from 199 00:10:23,640 --> 00:10:27,000 Speaker 1: the fact that our players have so much influence off 200 00:10:27,040 --> 00:10:29,600 Speaker 1: the court and outside of the lines of the game. 201 00:10:29,640 --> 00:10:32,880 Speaker 1: The NBA does a fantastic job of marketing what happens 202 00:10:32,960 --> 00:10:34,920 Speaker 1: during those forty eight minutes of the game or the 203 00:10:34,920 --> 00:10:37,680 Speaker 1: two hour window that you're in the arena, but our 204 00:10:37,679 --> 00:10:41,920 Speaker 1: players have so much influence in their communities, in their culture, 205 00:10:42,360 --> 00:10:45,120 Speaker 1: in the way they produce content off the court as 206 00:10:45,160 --> 00:10:47,000 Speaker 1: well that that's something that we need to be able 207 00:10:47,040 --> 00:10:50,520 Speaker 1: to capitalize. NBA player there naked out there, there's no helmets, 208 00:10:50,800 --> 00:10:53,640 Speaker 1: The crowd is right there. It's a more intimate game, 209 00:10:53,880 --> 00:10:57,160 Speaker 1: no question, football, baseball, hockey than anything else. Your guys 210 00:10:57,200 --> 00:10:59,520 Speaker 1: are right there. Your guys are right there. And you know, 211 00:10:59,640 --> 00:11:02,560 Speaker 1: it's also the only sport when you're when you're watching 212 00:11:02,559 --> 00:11:04,440 Speaker 1: a game, if you happen to have really good seats, 213 00:11:04,440 --> 00:11:07,520 Speaker 1: you're sitting five feet away from them. There's not a 214 00:11:07,520 --> 00:11:09,880 Speaker 1: lot of fields separating them, so you really get to 215 00:11:09,920 --> 00:11:13,600 Speaker 1: know their facial expressions. And because there's such social media icons, 216 00:11:13,600 --> 00:11:15,600 Speaker 1: you get to know what they're thinking and and and 217 00:11:15,880 --> 00:11:17,640 Speaker 1: the kind of brands that they like to work with, 218 00:11:17,679 --> 00:11:19,600 Speaker 1: and the kind of brands that they have influence with. 219 00:11:19,920 --> 00:11:23,000 Speaker 1: So what really is We're thrilled that we work with 220 00:11:23,080 --> 00:11:25,000 Speaker 1: the NBA on the things that happened on the court, 221 00:11:25,200 --> 00:11:27,439 Speaker 1: but we really the real the onus for us taking 222 00:11:27,440 --> 00:11:29,920 Speaker 1: back these rights was to make sure that we're also 223 00:11:29,920 --> 00:11:32,560 Speaker 1: able to capitalize on everything else that happens with the players. 224 00:11:32,840 --> 00:11:36,400 Speaker 1: You're the first person to be in this position. You 225 00:11:36,440 --> 00:11:39,280 Speaker 1: were the first person hired in to be in the 226 00:11:39,320 --> 00:11:43,760 Speaker 1: marketing side of the of the of the union. You 227 00:11:43,760 --> 00:11:46,120 Speaker 1: didn't have a roadmap you this is. You didn't have 228 00:11:46,160 --> 00:11:48,360 Speaker 1: old Charlie saying, boy, I want to follow him do 229 00:11:48,440 --> 00:11:52,920 Speaker 1: this whatever you were it. Can you explain that experience? Yeah? So, um, 230 00:11:53,320 --> 00:11:56,079 Speaker 1: the roadmap we had was that other unions have been 231 00:11:56,120 --> 00:11:58,480 Speaker 1: doing this, but it's not the same roadmap that we 232 00:11:58,559 --> 00:12:01,520 Speaker 1: want to follow because our play ors are uniquely different 233 00:12:01,600 --> 00:12:04,320 Speaker 1: in many ways than the players and other sports. But 234 00:12:04,400 --> 00:12:06,800 Speaker 1: the roadmap that we had to follow was and this 235 00:12:06,840 --> 00:12:09,400 Speaker 1: really comes from the leadership that was set by Michelle Roberts, 236 00:12:09,400 --> 00:12:13,640 Speaker 1: who who it took over the union inten I think 237 00:12:13,640 --> 00:12:16,520 Speaker 1: the year was but who really joined the union and 238 00:12:16,559 --> 00:12:19,160 Speaker 1: really kind of revamped what we do. But it also 239 00:12:19,240 --> 00:12:21,880 Speaker 1: comes from the leadership of the players. And my job 240 00:12:21,920 --> 00:12:24,240 Speaker 1: and where I sit today is really under the direction 241 00:12:24,280 --> 00:12:27,199 Speaker 1: of the players because during my first couple of years there, 242 00:12:27,200 --> 00:12:29,280 Speaker 1: where we were trying to figure out whether or not 243 00:12:29,400 --> 00:12:32,319 Speaker 1: we wanted to do this, it was based on conversations 244 00:12:32,320 --> 00:12:35,559 Speaker 1: with our leadership and our players, and our players decidedly 245 00:12:35,640 --> 00:12:38,000 Speaker 1: said to us, we want to be able to explore 246 00:12:38,040 --> 00:12:41,240 Speaker 1: new opportunities that we weren't able to explore under the 247 00:12:41,280 --> 00:12:45,920 Speaker 1: old group licensing agreement. Let me such as such as 248 00:12:46,000 --> 00:12:48,880 Speaker 1: creating our own content. We were ever, we were never 249 00:12:48,960 --> 00:12:52,800 Speaker 1: able to commercialize the union or the union marks itself, 250 00:12:52,840 --> 00:12:56,040 Speaker 1: so we could not have official partners of the union, 251 00:12:56,480 --> 00:12:58,880 Speaker 1: like coming in my head, look for the union label, 252 00:12:59,000 --> 00:13:01,959 Speaker 1: I mean, but it's the look. It's like, Look, it's 253 00:13:02,000 --> 00:13:04,800 Speaker 1: the logo and what the logo represents, which is, you know, 254 00:13:04,880 --> 00:13:07,800 Speaker 1: a brotherhood of four hundred fifty players. That's another thing 255 00:13:07,840 --> 00:13:10,320 Speaker 1: that you know. That's why we're called Think four fifty 256 00:13:10,400 --> 00:13:13,000 Speaker 1: because that's how we think about our business, and that's 257 00:13:13,040 --> 00:13:15,120 Speaker 1: how we want all of our potential partners to think 258 00:13:15,160 --> 00:13:19,200 Speaker 1: about our business. Really, there's four hundred fifty players in 259 00:13:19,200 --> 00:13:21,880 Speaker 1: the n b A, and when we are going out 260 00:13:21,880 --> 00:13:24,320 Speaker 1: there and talking to potential partners and thinking about the 261 00:13:24,320 --> 00:13:27,160 Speaker 1: things that we could create, we're not just thinking about 262 00:13:27,559 --> 00:13:29,600 Speaker 1: the ten best players in the league. We're thinking about 263 00:13:29,640 --> 00:13:31,559 Speaker 1: all four hundred and fifty of them, and they all 264 00:13:31,640 --> 00:13:35,880 Speaker 1: have inherent value, and those values maybe across a wide spectrum, 265 00:13:36,120 --> 00:13:38,120 Speaker 1: but it's our job to be able to put together 266 00:13:38,200 --> 00:13:41,480 Speaker 1: pieces of that to create a real viable offering. We 267 00:13:41,520 --> 00:13:44,280 Speaker 1: are chatting with Jordan Slaughter, the president of Think four fifty. 268 00:13:44,360 --> 00:13:46,200 Speaker 1: Now we know what it means and the derivation of 269 00:13:46,200 --> 00:13:48,839 Speaker 1: it the innovation arm of the n B p A. 270 00:13:49,160 --> 00:13:52,040 Speaker 1: But this is a seismic shift Jordan's and I'm sure 271 00:13:52,679 --> 00:13:55,880 Speaker 1: there had to be some trepidation among sponsors, going, wait 272 00:13:55,880 --> 00:13:58,280 Speaker 1: a minute, what do we do now, who do we 273 00:13:58,320 --> 00:14:00,960 Speaker 1: deal with? How is this going to work? How did 274 00:14:01,000 --> 00:14:04,880 Speaker 1: you quell those fears? It's really an education process and 275 00:14:04,920 --> 00:14:07,880 Speaker 1: a lot of the sponsors and a lot of the 276 00:14:07,920 --> 00:14:11,120 Speaker 1: partners are happened to be used to some of these 277 00:14:11,440 --> 00:14:13,080 Speaker 1: uh of the of the way they have to deal 278 00:14:13,160 --> 00:14:14,360 Speaker 1: with it, because that's the way they have to deal 279 00:14:14,400 --> 00:14:16,560 Speaker 1: with with the other leagues as well, with the NFL 280 00:14:16,600 --> 00:14:19,400 Speaker 1: and with Major League Baseball. But for us, you know, 281 00:14:19,600 --> 00:14:23,160 Speaker 1: with the licensees, particularly because there's over a d licensees 282 00:14:23,200 --> 00:14:24,680 Speaker 1: and the biggest ones, just so people know who we're 283 00:14:24,680 --> 00:14:28,120 Speaker 1: talking about, some of our biggest licensees are Nike, Adida's 284 00:14:28,160 --> 00:14:33,800 Speaker 1: Outer Stuff, Panini, Take two, UH, Interactive Electronic Arts. UM. 285 00:14:33,840 --> 00:14:35,800 Speaker 1: Those are just some of the bigger ones that we have. 286 00:14:36,280 --> 00:14:40,160 Speaker 1: And all of those licensees UM the the existing agreements 287 00:14:40,160 --> 00:14:42,480 Speaker 1: that they had with the NBA at the time, the 288 00:14:42,600 --> 00:14:45,920 Speaker 1: NBA was able to confer those group licensing rights to 289 00:14:46,040 --> 00:14:49,640 Speaker 1: those licensees. Now all of those licenses need to be 290 00:14:49,680 --> 00:14:52,640 Speaker 1: renegotiated where we have to be able to offer the 291 00:14:52,640 --> 00:14:55,360 Speaker 1: group licensing rights, and we be and we're able to 292 00:14:55,400 --> 00:14:58,240 Speaker 1: dictate the terms that are associated with it. So we 293 00:14:58,320 --> 00:15:00,320 Speaker 1: had an agreement with the NBA and which as were 294 00:15:00,360 --> 00:15:02,800 Speaker 1: done by a certain percentage. Now we get to go 295 00:15:02,920 --> 00:15:05,240 Speaker 1: and really look at what the inherent value of our 296 00:15:05,320 --> 00:15:09,200 Speaker 1: players is in that equation and make sure we capitalize 297 00:15:09,200 --> 00:15:11,360 Speaker 1: on that, which is something we weren't able to do before. 298 00:15:11,560 --> 00:15:14,080 Speaker 1: We had a chance to talk with NBA Commissioner Adam 299 00:15:14,120 --> 00:15:19,720 Speaker 1: Silver And and I mentioned that the NBA is probably 300 00:15:19,920 --> 00:15:21,920 Speaker 1: always say, out of the four major food groups in 301 00:15:21,920 --> 00:15:25,120 Speaker 1: the sports, is probably the best because of the duration 302 00:15:25,240 --> 00:15:27,520 Speaker 1: of the time. And I always bring this up. You 303 00:15:27,600 --> 00:15:31,160 Speaker 1: have a product that you can sell in about to 304 00:15:31,160 --> 00:15:34,040 Speaker 1: to maybe two and a half hours, and you get 305 00:15:34,080 --> 00:15:36,960 Speaker 1: that young demographic. Can you talk more about that and 306 00:15:37,000 --> 00:15:40,480 Speaker 1: what that means for the union involved? Well, I think 307 00:15:40,800 --> 00:15:43,400 Speaker 1: you know. And again, the NBA does a fantastic job 308 00:15:43,480 --> 00:15:46,600 Speaker 1: of marketing the game and marketing the product, and they 309 00:15:46,720 --> 00:15:49,280 Speaker 1: use our players for that as well. And one of 310 00:15:49,320 --> 00:15:52,000 Speaker 1: the biggest ways they do that is through their partnerships. 311 00:15:52,440 --> 00:15:54,960 Speaker 1: And when a partner is associated with the NBA and 312 00:15:55,000 --> 00:15:58,040 Speaker 1: they want to use players, they want to use images 313 00:15:58,040 --> 00:16:00,760 Speaker 1: of players or footage of players in how they do 314 00:16:00,800 --> 00:16:03,760 Speaker 1: that marketing that now has to run through us because 315 00:16:03,840 --> 00:16:06,160 Speaker 1: we have control of the right. So that's one of 316 00:16:06,160 --> 00:16:07,840 Speaker 1: the I'm not going to call it a seismic change, 317 00:16:07,840 --> 00:16:09,480 Speaker 1: but that's one of the changes that has to be 318 00:16:09,520 --> 00:16:12,560 Speaker 1: made moving forward. I think, you know what Scott alluded 319 00:16:12,600 --> 00:16:15,280 Speaker 1: to earlier. I think what makes the NBA, even the 320 00:16:15,320 --> 00:16:17,000 Speaker 1: two hours of the game or the two and a 321 00:16:17,000 --> 00:16:20,080 Speaker 1: half hours of the game, such an incredible product and 322 00:16:20,160 --> 00:16:24,360 Speaker 1: such an interesting product not only for kids, but for teens, 323 00:16:24,400 --> 00:16:27,000 Speaker 1: for young adults, even for old adults, depending on who 324 00:16:27,000 --> 00:16:29,800 Speaker 1: the demographic is. Guys like you, the guys like you 325 00:16:29,840 --> 00:16:32,240 Speaker 1: who watch. That's for you to say, not that I 326 00:16:32,360 --> 00:16:36,160 Speaker 1: not for me. By the way, I don't I I 327 00:16:36,240 --> 00:16:39,160 Speaker 1: don't have control over the retired players. Right. So anything 328 00:16:39,200 --> 00:16:42,000 Speaker 1: that's happening with havlicheck right now, we get We try 329 00:16:42,000 --> 00:16:43,920 Speaker 1: and get this in every this an inside joke. We 330 00:16:43,920 --> 00:16:45,320 Speaker 1: try to get this in every show, some sort of 331 00:16:45,360 --> 00:16:49,480 Speaker 1: Detroit reference, because Detroit guy. So if we have to 332 00:16:49,480 --> 00:16:52,320 Speaker 1: talk Dave being, let's say, is a John Sally Bill Mbier. 333 00:16:52,720 --> 00:16:56,880 Speaker 1: That's that's the that's his guys over there, that's Thomas 334 00:17:00,000 --> 00:17:03,680 Speaker 1: in my play. But um, but to the point that 335 00:17:03,680 --> 00:17:05,840 Speaker 1: we're talking about earlier, I think what makes the NBA 336 00:17:05,960 --> 00:17:08,639 Speaker 1: such an interesting sport and such a fascinating sport for 337 00:17:08,680 --> 00:17:13,000 Speaker 1: the public right now, especially kids, is that they are 338 00:17:13,080 --> 00:17:16,719 Speaker 1: players are followed well after the game, and they're followed 339 00:17:16,760 --> 00:17:19,760 Speaker 1: during the off days, and they're followed, they're followed during 340 00:17:19,800 --> 00:17:22,479 Speaker 1: the season during the off season as well, and what 341 00:17:22,520 --> 00:17:24,480 Speaker 1: they do during the summer, and and just look at 342 00:17:24,520 --> 00:17:26,760 Speaker 1: all the workout videos that get shown around during the 343 00:17:26,760 --> 00:17:30,160 Speaker 1: summer of guys getting together and playing. Those are opportunities 344 00:17:30,160 --> 00:17:32,840 Speaker 1: that were not able that up until now we have 345 00:17:32,920 --> 00:17:35,560 Speaker 1: not been able to help the players capitalize on, and 346 00:17:35,640 --> 00:17:38,160 Speaker 1: not we have not been able to help bring partners 347 00:17:38,520 --> 00:17:42,159 Speaker 1: to just expand the vision of that. So the quest 348 00:17:42,200 --> 00:17:44,600 Speaker 1: for knowledge of our players and what they're doing is 349 00:17:44,640 --> 00:17:46,680 Speaker 1: never ending. It doesn't just happen during the game. It 350 00:17:46,720 --> 00:17:48,880 Speaker 1: happens off the court. And now we could finally take 351 00:17:48,920 --> 00:17:51,760 Speaker 1: advantage of those things. We are chatting with Jordan Schlachter, 352 00:17:51,920 --> 00:17:54,560 Speaker 1: the president of Think four fifty, the innovation engine of 353 00:17:54,600 --> 00:17:56,800 Speaker 1: the n b p A, and we joke with Bar 354 00:17:56,960 --> 00:17:58,680 Speaker 1: like you know your kids like to follow Lebron on 355 00:17:58,720 --> 00:18:03,800 Speaker 1: the instant now then they like doing like these guys 356 00:18:03,840 --> 00:18:09,639 Speaker 1: really are their global ambassadors, global brands, global companies, Which 357 00:18:09,760 --> 00:18:14,159 Speaker 1: gives you license to take advantage of that audience. It 358 00:18:14,240 --> 00:18:16,520 Speaker 1: absolutely does. And the way we think about it though, 359 00:18:16,560 --> 00:18:18,320 Speaker 1: is because we've talked a lot about the game, and 360 00:18:18,359 --> 00:18:21,200 Speaker 1: we've talked about a lot about how the influence players 361 00:18:21,200 --> 00:18:24,440 Speaker 1: have off the court, but we really try and bucket 362 00:18:24,480 --> 00:18:27,600 Speaker 1: that influence in four different ways. There's commerce that's certainly 363 00:18:27,720 --> 00:18:30,280 Speaker 1: and we call them the four seas. There's commerce that's 364 00:18:30,280 --> 00:18:33,360 Speaker 1: certainly very important to us, and we're able to commercialize 365 00:18:33,359 --> 00:18:36,200 Speaker 1: these effects. But there's also community, and all of these 366 00:18:36,200 --> 00:18:40,600 Speaker 1: players have such strong, strong presences in their community and 367 00:18:40,640 --> 00:18:43,800 Speaker 1: we need to help exemplify that and help show off 368 00:18:43,840 --> 00:18:47,119 Speaker 1: that and help them allow that presence to be even greater. 369 00:18:47,720 --> 00:18:51,280 Speaker 1: Um there's culture. Our players are cultural icons from what 370 00:18:51,680 --> 00:18:54,080 Speaker 1: they share on social from what they wear, from what 371 00:18:54,160 --> 00:18:56,800 Speaker 1: they listen to, from what they do in the off season, 372 00:18:56,880 --> 00:18:59,240 Speaker 1: whether they're a lot of our players are soccer fans 373 00:18:59,240 --> 00:19:00,760 Speaker 1: and there's a big in us and what's happening at 374 00:19:00,760 --> 00:19:02,760 Speaker 1: the World Cup this summer, but so they have a 375 00:19:02,800 --> 00:19:06,560 Speaker 1: tremendous amount of cultural influence. And then there's content, and 376 00:19:06,600 --> 00:19:08,600 Speaker 1: we want to make sure that we have you know 377 00:19:08,640 --> 00:19:11,320 Speaker 1: that we get that content off the court created for 378 00:19:11,400 --> 00:19:14,159 Speaker 1: and we really need to put those four things together 379 00:19:14,600 --> 00:19:17,840 Speaker 1: to create an offering that is unique, that is individual, 380 00:19:17,880 --> 00:19:20,840 Speaker 1: and that is commercializable. You mentioned the World Cup. I 381 00:19:20,880 --> 00:19:23,720 Speaker 1: know that's part of the plan from our previous discussions. 382 00:19:24,440 --> 00:19:28,960 Speaker 1: Walk us through what the union will be doing, where 383 00:19:28,960 --> 00:19:32,680 Speaker 1: will you have a presence and who will be partnering 384 00:19:32,720 --> 00:19:35,240 Speaker 1: with you when you're there around the world. We're still 385 00:19:35,280 --> 00:19:38,000 Speaker 1: trying to finalize those plans. I think there's a great 386 00:19:38,040 --> 00:19:42,000 Speaker 1: amount of interest for our players if possible to go 387 00:19:42,119 --> 00:19:44,040 Speaker 1: over and see a World Cup game, and that's something 388 00:19:44,040 --> 00:19:45,800 Speaker 1: we're trying to put together for them. I don't know 389 00:19:45,920 --> 00:19:47,400 Speaker 1: we'll be able to do it. There's a lot of 390 00:19:47,920 --> 00:19:49,600 Speaker 1: concerns that we just want to make sure that we 391 00:19:49,640 --> 00:19:51,919 Speaker 1: could handle. But we know there's a tremendous amount of 392 00:19:51,960 --> 00:19:54,520 Speaker 1: interest in it, so whether we do Look, there's also 393 00:19:54,560 --> 00:19:56,520 Speaker 1: a tremendous amount of interest in a lot of our 394 00:19:56,520 --> 00:20:00,359 Speaker 1: players play the FIFA game, the FIFA video game, and 395 00:20:00,440 --> 00:20:02,880 Speaker 1: maybe there's an opportunity for us to create some kind 396 00:20:02,920 --> 00:20:06,160 Speaker 1: of a gaming tournament around FIFA or around any other 397 00:20:06,200 --> 00:20:08,320 Speaker 1: e game sport. We know the NBA is doing a 398 00:20:08,320 --> 00:20:10,280 Speaker 1: great job with two K League right now, and and 399 00:20:10,280 --> 00:20:12,800 Speaker 1: and but so there's that opportunity for us too. But 400 00:20:12,840 --> 00:20:15,679 Speaker 1: we really, you know, where, we take our direction from 401 00:20:15,720 --> 00:20:18,320 Speaker 1: the players. So the players tell us the things that 402 00:20:18,359 --> 00:20:20,520 Speaker 1: they want to get involved in, the things that they 403 00:20:20,600 --> 00:20:22,960 Speaker 1: are interested in, and then we try and see if 404 00:20:23,000 --> 00:20:26,600 Speaker 1: we can put together those opportunities the best ideas out there. 405 00:20:26,800 --> 00:20:29,719 Speaker 1: We have so many idea men, nobody's going to get off. 406 00:20:30,000 --> 00:20:33,840 Speaker 1: We had too. Who are you saying, stop emailing me? No, 407 00:20:34,119 --> 00:20:37,560 Speaker 1: you know what, I'm never saying, stop the emailing me, 408 00:20:37,680 --> 00:20:39,919 Speaker 1: because the feedback that we get from our players is 409 00:20:39,960 --> 00:20:43,359 Speaker 1: so fantastic. And you know what, the beauty of the 410 00:20:43,400 --> 00:20:45,800 Speaker 1: business that we're in right now is that the players 411 00:20:45,800 --> 00:20:48,359 Speaker 1: have been thinking about this for a while, okay, and 412 00:20:48,400 --> 00:20:50,720 Speaker 1: they've had these ideas and they've had these thoughts about 413 00:20:50,760 --> 00:20:53,800 Speaker 1: this for a while. We've finally given them the forum 414 00:20:53,840 --> 00:20:55,480 Speaker 1: to be able to do something about it. And this 415 00:20:55,560 --> 00:20:58,199 Speaker 1: doesn't take away from the activities and the events and 416 00:20:58,240 --> 00:21:00,960 Speaker 1: the businesses that they have on their own, but now 417 00:21:01,000 --> 00:21:03,320 Speaker 1: we could do things collectively using the power of the 418 00:21:03,359 --> 00:21:06,399 Speaker 1: four fifty to help just make those things bigger. But 419 00:21:06,440 --> 00:21:08,840 Speaker 1: there you know, I can't give you the top two 420 00:21:08,920 --> 00:21:12,000 Speaker 1: players of ideas because every time Michelle or I has 421 00:21:12,040 --> 00:21:15,200 Speaker 1: the chance to interact with our players, there's ideas flowing 422 00:21:15,800 --> 00:21:17,720 Speaker 1: all over the place, and you know it all starts 423 00:21:17,720 --> 00:21:20,000 Speaker 1: from the top, from our leadership with Chris Paul. But 424 00:21:20,080 --> 00:21:23,240 Speaker 1: we're forming a players advisory board committee for Think for 425 00:21:23,480 --> 00:21:26,000 Speaker 1: fifty to help us make sure that we run through 426 00:21:26,040 --> 00:21:28,240 Speaker 1: certain ideas and we make sure that we're getting their 427 00:21:28,280 --> 00:21:31,199 Speaker 1: interests because it's not the final decision doesn't lay with 428 00:21:31,240 --> 00:21:33,240 Speaker 1: me and my final team. The final decision lays with 429 00:21:33,240 --> 00:21:36,159 Speaker 1: the players. So we're making sure we have an advisory board. 430 00:21:36,240 --> 00:21:39,520 Speaker 1: But my phone rings all the time from players, and 431 00:21:39,560 --> 00:21:42,200 Speaker 1: the players range, like I said, from the most notable 432 00:21:42,240 --> 00:21:45,080 Speaker 1: players in the NBA to players who have been veterans 433 00:21:45,119 --> 00:21:48,480 Speaker 1: for a long time. UM two rookies who have questions, 434 00:21:48,680 --> 00:21:51,560 Speaker 1: who have ideas, who have thoughts, and it's our job 435 00:21:51,600 --> 00:21:54,199 Speaker 1: to take those and figure out what's doable. Leads to 436 00:21:54,240 --> 00:21:57,240 Speaker 1: the next question, how does Think for fifty impact the 437 00:21:57,280 --> 00:22:00,199 Speaker 1: G League. It has no impact whatsoever right now on 438 00:22:00,200 --> 00:22:02,160 Speaker 1: the G League. The G League is not G League 439 00:22:02,200 --> 00:22:04,879 Speaker 1: players except for the two way players g League players 440 00:22:04,880 --> 00:22:07,600 Speaker 1: are not union members, so we're really doing everything on 441 00:22:07,640 --> 00:22:10,639 Speaker 1: behalf of the four hundred and fifty union members, which 442 00:22:10,680 --> 00:22:13,960 Speaker 1: brings Will that happen one day? Will that go over 443 00:22:14,000 --> 00:22:16,080 Speaker 1: to the league? Um? You know what, that's an m 444 00:22:16,119 --> 00:22:18,280 Speaker 1: b p A question. So you should get Michelle in 445 00:22:18,359 --> 00:22:20,320 Speaker 1: here and talk to her about it. Michelle has been here. 446 00:22:20,359 --> 00:22:22,760 Speaker 1: We didn't ask her that. But but but you know, 447 00:22:23,119 --> 00:22:25,240 Speaker 1: that's one of the many questions that comes up on 448 00:22:25,520 --> 00:22:29,040 Speaker 1: union business. And again, our job is to support union 449 00:22:29,040 --> 00:22:32,439 Speaker 1: business in every shape and form, because I think the 450 00:22:32,480 --> 00:22:36,200 Speaker 1: players do see us as a separate entity, but we're 451 00:22:36,200 --> 00:22:39,439 Speaker 1: still part of the union in that we all represent 452 00:22:39,480 --> 00:22:42,000 Speaker 1: the same four players and have the same four d 453 00:22:42,119 --> 00:22:44,520 Speaker 1: fifty interests. Well, what's true in all sports? Now? It's 454 00:22:44,520 --> 00:22:47,520 Speaker 1: a global game. It's a that's Tom Friedman said, it's 455 00:22:47,520 --> 00:22:50,960 Speaker 1: it's a flat world. So you chose to partner with 456 00:22:51,000 --> 00:22:53,719 Speaker 1: Densu yes to help you out. So this is a 457 00:22:53,840 --> 00:23:01,200 Speaker 1: Japanese advertising agency and the NBA players, but the agency 458 00:23:01,280 --> 00:23:04,560 Speaker 1: also has a network of companies around the world. At 459 00:23:04,600 --> 00:23:07,560 Speaker 1: first seems like disparate parts. How do you bring them together? 460 00:23:07,600 --> 00:23:10,960 Speaker 1: What's the vision? It's it's Densu is a fantastic company, 461 00:23:10,960 --> 00:23:14,160 Speaker 1: and they're a Japanese they're holding company that holds over 462 00:23:14,200 --> 00:23:17,200 Speaker 1: two hundred different agencies and those agencies run the gamut 463 00:23:17,200 --> 00:23:21,840 Speaker 1: from analytics to sales agencies, to content creation to branding. 464 00:23:22,520 --> 00:23:25,440 Speaker 1: UM we see Densu as a compliment to the business 465 00:23:25,440 --> 00:23:29,440 Speaker 1: that we're already existing. So whether it be creating new opportunities, 466 00:23:29,480 --> 00:23:32,919 Speaker 1: creating new events, to helping us in the salesforce, they 467 00:23:32,920 --> 00:23:35,320 Speaker 1: are a compliment to the fantastic team that we've had 468 00:23:35,320 --> 00:23:38,520 Speaker 1: the opportunity to build over the last year. And UM, 469 00:23:38,560 --> 00:23:41,520 Speaker 1: it really is a partnership. It's a mutual partnership and 470 00:23:41,560 --> 00:23:44,320 Speaker 1: we're very excited about it. But really it's complementary to 471 00:23:44,400 --> 00:23:47,280 Speaker 1: what we do, and we have the full scope of 472 00:23:47,320 --> 00:23:50,000 Speaker 1: those two hundred agencies to be able to figure out 473 00:23:50,000 --> 00:23:52,359 Speaker 1: the best things for us. And then you also mentioned 474 00:23:52,359 --> 00:23:55,840 Speaker 1: about the global reach. You know, the numbers of our 475 00:23:55,880 --> 00:23:58,720 Speaker 1: players are born outside of this country, growing and growing. 476 00:23:59,080 --> 00:24:02,000 Speaker 1: UM a lot of our you know, uh and and 477 00:24:02,040 --> 00:24:05,000 Speaker 1: from all over the world. The number of countries is outstanding. 478 00:24:05,040 --> 00:24:08,240 Speaker 1: It's not just from three places across the world. So 479 00:24:08,359 --> 00:24:11,640 Speaker 1: their influence, we talk about their cultural influence. We shouldn't 480 00:24:11,640 --> 00:24:14,679 Speaker 1: be thinking about cultural influence just in the US communities, 481 00:24:14,880 --> 00:24:18,520 Speaker 1: but the cultural influence that Christopsporzingis has where he's from 482 00:24:18,560 --> 00:24:22,080 Speaker 1: and Jana Santa to Kumbo in Greece and wherever our 483 00:24:22,080 --> 00:24:24,440 Speaker 1: players from and and you know, one of our top 484 00:24:24,480 --> 00:24:27,840 Speaker 1: picks this year might be another foreigner as well. So 485 00:24:27,880 --> 00:24:29,719 Speaker 1: we need to be able to capitalize on that. And 486 00:24:29,760 --> 00:24:31,960 Speaker 1: one of the things that dens Who brings us is 487 00:24:32,000 --> 00:24:34,560 Speaker 1: a global presence and the global scope in all of 488 00:24:34,600 --> 00:24:37,359 Speaker 1: those places culminating if if you want to think a 489 00:24:37,400 --> 00:24:40,280 Speaker 1: few years ahead, is dens Who is the sales agency 490 00:24:40,320 --> 00:24:44,800 Speaker 1: for the Olympics in Tokyo. It's funny how that works out. 491 00:24:45,080 --> 00:24:49,199 Speaker 1: It's funny how that works out, but we expect to 492 00:24:49,240 --> 00:24:52,159 Speaker 1: because you know what, any Olympic games, it's not just 493 00:24:52,240 --> 00:24:55,040 Speaker 1: the twelve guys who are on USA Basketball that are 494 00:24:55,080 --> 00:24:58,000 Speaker 1: representing our league when we're there. There's probably fifty guys 495 00:24:58,440 --> 00:25:00,720 Speaker 1: playing in the Olympics who are in be A players, 496 00:25:00,920 --> 00:25:02,919 Speaker 1: and we want to be able to we can capitalize 497 00:25:02,960 --> 00:25:06,520 Speaker 1: on those opportunities that happened there, as well as bringing 498 00:25:06,520 --> 00:25:09,119 Speaker 1: other players who might not be participating in the Olympics 499 00:25:09,560 --> 00:25:12,600 Speaker 1: to participate in the Olympic movement or to participate in 500 00:25:12,600 --> 00:25:15,520 Speaker 1: the event one way or the other. But that's you know, 501 00:25:15,640 --> 00:25:17,720 Speaker 1: that's three years from now. We'll figure that out when 502 00:25:17,720 --> 00:25:18,960 Speaker 1: we get there. I think there's a lot of work 503 00:25:19,000 --> 00:25:21,800 Speaker 1: to be done between now and then. We are chatting 504 00:25:21,840 --> 00:25:24,520 Speaker 1: with Jordan Schlachter, the president of Thing four fifty, the 505 00:25:24,560 --> 00:25:26,960 Speaker 1: innovation engine of the n b p A. How much 506 00:25:26,960 --> 00:25:29,520 Speaker 1: money are we talking about here? I used to laugh 507 00:25:29,560 --> 00:25:31,560 Speaker 1: when I'd be in locker rooms a while back. Once 508 00:25:31,600 --> 00:25:34,320 Speaker 1: it was Jerome Williams. It used to play for the Knicks, 509 00:25:34,320 --> 00:25:36,880 Speaker 1: the Raptors. He once was reaching for a T shirt 510 00:25:36,960 --> 00:25:39,080 Speaker 1: or something top of his locker and he pulled something 511 00:25:39,080 --> 00:25:41,879 Speaker 1: out and he's like, oh, my licensing check. I forgot 512 00:25:41,880 --> 00:25:44,600 Speaker 1: about this. It was like twice a year as a 513 00:25:44,680 --> 00:25:47,720 Speaker 1: check for like twenty five thousand bucks. But overall, what 514 00:25:47,800 --> 00:25:52,040 Speaker 1: kind of money are we talking about? It grows every year, 515 00:25:52,119 --> 00:25:55,200 Speaker 1: and it is the licensing checks that the players get. 516 00:25:55,400 --> 00:25:57,679 Speaker 1: Is is an addendum at the end of the season, 517 00:25:57,680 --> 00:25:59,760 Speaker 1: because that's when we calculate all the figures. The way 518 00:25:59,800 --> 00:26:02,879 Speaker 1: that incensing check was calculated before, it was the percentage 519 00:26:02,920 --> 00:26:04,919 Speaker 1: that we got from the n b A. What our 520 00:26:05,000 --> 00:26:07,960 Speaker 1: real opportunity now is to still take that and to 521 00:26:08,040 --> 00:26:10,679 Speaker 1: take our percentage of it. However, we negotiate that with 522 00:26:10,720 --> 00:26:13,240 Speaker 1: the licensees and with the sponsors. But it's really about 523 00:26:13,320 --> 00:26:15,800 Speaker 1: adding new opportunities that have never been a part of 524 00:26:15,840 --> 00:26:19,200 Speaker 1: the mix before. So that you know, the the NBA 525 00:26:19,240 --> 00:26:21,679 Speaker 1: two K business grows in double digits every year, so 526 00:26:21,760 --> 00:26:24,640 Speaker 1: that licensing percentage is going to grow every year. One 527 00:26:24,680 --> 00:26:26,439 Speaker 1: of the beauties of our league right now is that 528 00:26:26,480 --> 00:26:30,560 Speaker 1: our players share their licensing royalties equally. Every player gets 529 00:26:30,560 --> 00:26:33,360 Speaker 1: the same check I think on the bench versus if 530 00:26:33,359 --> 00:26:36,040 Speaker 1: you play a certain amount of games. It's designated by 531 00:26:36,080 --> 00:26:38,240 Speaker 1: if you play a certain Is there an opportunity with 532 00:26:38,359 --> 00:26:41,280 Speaker 1: legalized sports betting? So many people are talking about it now, 533 00:26:41,480 --> 00:26:42,840 Speaker 1: is we may we may get that ruling from the 534 00:26:42,840 --> 00:26:45,440 Speaker 1: Supreme Court? Is there an opportunity there for you guys? Yeah, 535 00:26:45,520 --> 00:26:49,119 Speaker 1: So obviously everybody's talking about it, and we just you know, 536 00:26:49,200 --> 00:26:51,280 Speaker 1: we actually just had a forum at our offices that 537 00:26:51,320 --> 00:26:53,680 Speaker 1: was run by the Union and and by our chief 538 00:26:53,680 --> 00:26:56,919 Speaker 1: International officer with the World Players Association to just have 539 00:26:57,040 --> 00:27:00,640 Speaker 1: a frank, open discussion about this for a long time. UM, 540 00:27:00,680 --> 00:27:03,200 Speaker 1: I think everybody's learning as much as they can. Obviously, 541 00:27:03,240 --> 00:27:05,399 Speaker 1: it's been you know, with statements that Adams made over 542 00:27:05,440 --> 00:27:08,000 Speaker 1: a year ago about how he thinks that with a 543 00:27:08,040 --> 00:27:10,359 Speaker 1: proper regulation, it's a it's a it's a good idea. 544 00:27:10,800 --> 00:27:13,080 Speaker 1: Everybody is trying to figure out the right way to 545 00:27:13,200 --> 00:27:16,800 Speaker 1: do it. I think to ignore a union presence in 546 00:27:16,840 --> 00:27:19,639 Speaker 1: that equation would be a big mistake. We just have 547 00:27:19,720 --> 00:27:21,719 Speaker 1: to figure out exactly what that means. Well, that mean 548 00:27:21,760 --> 00:27:24,920 Speaker 1: a piece of the action for the players, I'll answer, yes, 549 00:27:27,160 --> 00:27:29,600 Speaker 1: I'll take up. I mean it's somewheah, I mean, listen, 550 00:27:30,160 --> 00:27:35,600 Speaker 1: it's a for profit arm of it has to that. 551 00:27:35,600 --> 00:27:39,520 Speaker 1: That's our job. My job is to commercialize the marketability 552 00:27:39,560 --> 00:27:42,120 Speaker 1: of our players in ways that have not been able 553 00:27:42,160 --> 00:27:44,399 Speaker 1: to have been done before. And and and it just 554 00:27:44,440 --> 00:27:46,840 Speaker 1: so happens at the timing. You know, if gambling was 555 00:27:46,920 --> 00:27:50,440 Speaker 1: legalized ten years ago, we still wouldn't have had any 556 00:27:50,520 --> 00:27:52,600 Speaker 1: input into the way to do it because we didn't 557 00:27:52,640 --> 00:27:54,800 Speaker 1: have those rights to do that. But now, you know, 558 00:27:54,840 --> 00:27:58,000 Speaker 1: it's a nice confluence of events happening at the same time. 559 00:27:58,000 --> 00:27:59,960 Speaker 1: Although I don't know exactly when we'll figure out all 560 00:28:00,040 --> 00:28:03,240 Speaker 1: the gambling pieces, but we'll certainly have an equal voice 561 00:28:03,640 --> 00:28:05,919 Speaker 1: in the equation and equal with the rights that we 562 00:28:05,960 --> 00:28:08,760 Speaker 1: could provide. And you know. Another thing that we want 563 00:28:08,800 --> 00:28:14,600 Speaker 1: to offer our partners, whether they be licensees, sponsors, content partners, 564 00:28:14,880 --> 00:28:19,680 Speaker 1: online gambling partners, is that I work for the players. 565 00:28:19,720 --> 00:28:21,959 Speaker 1: So if you want to use players in new and 566 00:28:22,040 --> 00:28:25,600 Speaker 1: creative ways, there's no better way to do that than 567 00:28:25,760 --> 00:28:28,520 Speaker 1: through us, because that's one of the things that we 568 00:28:28,520 --> 00:28:31,640 Speaker 1: can offer that's never been offered before because we work 569 00:28:31,720 --> 00:28:34,320 Speaker 1: directly for the players. We speak directly to the players, 570 00:28:34,520 --> 00:28:36,800 Speaker 1: We work directly with the agents to find out the 571 00:28:36,840 --> 00:28:39,240 Speaker 1: things that they're interested in and to make sure those 572 00:28:39,280 --> 00:28:41,960 Speaker 1: things happen. And when you really ask why we are 573 00:28:42,000 --> 00:28:45,640 Speaker 1: in existence, the first couple of reasons that I told 574 00:28:45,640 --> 00:28:47,400 Speaker 1: you why we're in existence is to make sure our 575 00:28:47,440 --> 00:28:49,800 Speaker 1: players have a voice in the way their their images 576 00:28:49,840 --> 00:28:52,400 Speaker 1: are being used and to make sure new opportunities are 577 00:28:52,440 --> 00:28:54,520 Speaker 1: open for us. But it's also for us to be 578 00:28:54,560 --> 00:28:57,440 Speaker 1: the best partner that we can possibly be and create 579 00:28:57,480 --> 00:29:01,320 Speaker 1: opportunities to allow the partners who partner with us to 580 00:29:01,480 --> 00:29:04,880 Speaker 1: enhance their activities and their activations. Have you had other 581 00:29:05,120 --> 00:29:09,320 Speaker 1: player unions from other leagues talk to you in other 582 00:29:09,400 --> 00:29:12,400 Speaker 1: major sports because you guys seem to have it all 583 00:29:12,440 --> 00:29:15,920 Speaker 1: together here and there are problems with other major sports 584 00:29:15,920 --> 00:29:17,920 Speaker 1: I'm not going to mention the names of the sports, 585 00:29:17,960 --> 00:29:20,520 Speaker 1: but have you guys had any conversations with him? Yeah, 586 00:29:20,560 --> 00:29:22,600 Speaker 1: so we talked to our partners at the other unions 587 00:29:22,680 --> 00:29:25,840 Speaker 1: all the time. UM, you just said, thank you very 588 00:29:25,920 --> 00:29:27,680 Speaker 1: much for saying it. You seem to you say, we 589 00:29:27,760 --> 00:29:30,560 Speaker 1: have it all together here. From a union perspective, I 590 00:29:30,600 --> 00:29:33,400 Speaker 1: think our union and again with Michelle, is run in 591 00:29:33,480 --> 00:29:37,720 Speaker 1: Petra impeccably. UM. But we're the new kid on the 592 00:29:37,720 --> 00:29:40,680 Speaker 1: block for running the business of the union. That means 593 00:29:40,720 --> 00:29:42,760 Speaker 1: we've been learning a lot from our partners. But we're 594 00:29:42,760 --> 00:29:45,440 Speaker 1: not copying our partners because, like I said, our players 595 00:29:45,440 --> 00:29:48,120 Speaker 1: are very different and the opportunities that we could provide 596 00:29:48,520 --> 00:29:51,600 Speaker 1: are very different. We've worked with our sister unions, the 597 00:29:51,640 --> 00:29:54,320 Speaker 1: business units of our sister unions on certain things. We've 598 00:29:54,360 --> 00:29:57,560 Speaker 1: actually um, we've worked with the nfl p A on 599 00:29:57,680 --> 00:30:01,360 Speaker 1: producing some content for us in in the past. Uh, 600 00:30:01,600 --> 00:30:04,800 Speaker 1: the Players Inc. The marketing arm of the nfl p A. 601 00:30:05,040 --> 00:30:07,480 Speaker 1: I'm producing some content for us in the past. But 602 00:30:07,560 --> 00:30:11,080 Speaker 1: again we're learning, we're building on our own and because 603 00:30:11,120 --> 00:30:14,680 Speaker 1: we have such a unique offering. UM, we certainly are 604 00:30:14,680 --> 00:30:17,600 Speaker 1: are willing to share best practices and and and Players Inc. 605 00:30:17,680 --> 00:30:20,360 Speaker 1: The nfl p A has been in business for twenty 606 00:30:20,440 --> 00:30:22,680 Speaker 1: years and there's a lot to learn from it. But again, 607 00:30:22,720 --> 00:30:25,720 Speaker 1: I think I see the trajectories separating at some point 608 00:30:25,840 --> 00:30:29,080 Speaker 1: just because the sports are different, the players are different, 609 00:30:29,280 --> 00:30:32,360 Speaker 1: the marketability of the players are different, the influence of 610 00:30:32,400 --> 00:30:35,760 Speaker 1: the players are different in different communities, and we just 611 00:30:35,800 --> 00:30:38,800 Speaker 1: have a different cultural reach then, and I think that 612 00:30:38,920 --> 00:30:41,320 Speaker 1: the beauty is is all four of the unions, their 613 00:30:41,320 --> 00:30:44,160 Speaker 1: players have different cultural reaches among different audiences as well. 614 00:30:44,240 --> 00:30:47,120 Speaker 1: And the NFLPA has its one team collective. Everybody's got 615 00:30:47,120 --> 00:30:49,840 Speaker 1: their thing. You are putting together a board of directors 616 00:30:50,080 --> 00:30:54,680 Speaker 1: as many operations like this to my old friend Leo Hndry, Yes, 617 00:30:54,760 --> 00:30:58,880 Speaker 1: network head, Um, I see Raymond McGuire from City Group 618 00:30:58,960 --> 00:31:02,120 Speaker 1: that our listeners will know you're you want to get 619 00:31:02,120 --> 00:31:05,200 Speaker 1: some different perspectives. Yeah. Absolutely. And in addition to Raymond, 620 00:31:05,240 --> 00:31:08,240 Speaker 1: and in addition to to Leo, we also have Charles King, 621 00:31:08,720 --> 00:31:12,040 Speaker 1: who's the founder and CEO of of Macro Ventures, which 622 00:31:12,040 --> 00:31:14,720 Speaker 1: is a content company based in Los Angeles. He's a 623 00:31:14,760 --> 00:31:17,120 Speaker 1: former agent for William Morris Endeavor. And you worked at 624 00:31:17,240 --> 00:31:20,040 Speaker 1: Viacom and a O L before that. You've heard of 625 00:31:20,040 --> 00:31:23,240 Speaker 1: those places too, and UH and Lisa Wardell, who's the 626 00:31:23,280 --> 00:31:25,080 Speaker 1: CEO of ad Tell Them, which is the leading for 627 00:31:25,160 --> 00:31:28,240 Speaker 1: profit education company in the country, but prior to that, 628 00:31:28,560 --> 00:31:31,280 Speaker 1: she worked for Catalyst Ventures. And she was also the 629 00:31:31,280 --> 00:31:34,680 Speaker 1: CEO of of Robert Johnson's businesses when he was the 630 00:31:34,680 --> 00:31:37,360 Speaker 1: owner of Teams and other businesses as well. So really, 631 00:31:37,400 --> 00:31:39,880 Speaker 1: when we put our board together, we're just we're looking 632 00:31:39,960 --> 00:31:42,360 Speaker 1: at our roadmap ahead of us. We're looking at all 633 00:31:42,400 --> 00:31:45,080 Speaker 1: the areas, the new areas that we want to be in, 634 00:31:45,480 --> 00:31:47,920 Speaker 1: and we're enlisting the help of experts in those areas 635 00:31:47,920 --> 00:31:49,480 Speaker 1: to really help us get to the right place. And 636 00:31:49,520 --> 00:31:52,160 Speaker 1: you talk about Raymond with his banking business, and you 637 00:31:52,200 --> 00:31:54,880 Speaker 1: said the nfl p A has one team collective. If 638 00:31:54,880 --> 00:31:57,680 Speaker 1: an investment arm is something we ever want to get into, 639 00:31:57,880 --> 00:32:00,280 Speaker 1: if we want to explore equity deals with comp needs 640 00:32:00,280 --> 00:32:02,480 Speaker 1: to there's nobody better than ready to help us out. 641 00:32:02,680 --> 00:32:05,760 Speaker 1: When you talk about content and creation of content, you 642 00:32:05,800 --> 00:32:08,040 Speaker 1: have Charles King, when you talk about the distribution of 643 00:32:08,040 --> 00:32:11,880 Speaker 1: those content of that content. Leo Henry is the godfather 644 00:32:12,000 --> 00:32:14,440 Speaker 1: of what we're doing. And Lisa just brings a wealth 645 00:32:14,440 --> 00:32:17,360 Speaker 1: of background to everything that we've done so far. And 646 00:32:17,360 --> 00:32:19,400 Speaker 1: and we lean on them heavily. I mean, this is 647 00:32:19,440 --> 00:32:21,959 Speaker 1: a board that that wants to be involved with what 648 00:32:22,000 --> 00:32:25,120 Speaker 1: we do, that understands our mission, that understands the place 649 00:32:25,160 --> 00:32:28,200 Speaker 1: that our players have, like I said, in these four seas, 650 00:32:28,280 --> 00:32:30,320 Speaker 1: and is going to help us get there. There are 651 00:32:30,320 --> 00:32:32,880 Speaker 1: a tremendous source of support for us, all right. Jordan 652 00:32:32,960 --> 00:32:36,239 Speaker 1: Schlachter of Think for fifty, the innovation engine of the 653 00:32:36,320 --> 00:32:37,920 Speaker 1: n B p A, thank you very much for coming in. 654 00:32:38,000 --> 00:32:41,320 Speaker 1: Thank you so much, had a great time. Takeaways this week. 655 00:32:41,360 --> 00:32:46,560 Speaker 1: I think I'm impressed. Usually we think of any sport 656 00:32:46,640 --> 00:32:50,480 Speaker 1: like the NBA, the NFL, baseball, I can go on 657 00:32:50,800 --> 00:32:54,240 Speaker 1: that they're the product, so you have to have marketing. 658 00:32:54,520 --> 00:32:58,120 Speaker 1: But I was impressed what Jordan's said as the union, 659 00:32:58,880 --> 00:33:03,560 Speaker 1: they are now presenting a new product in their capacity. Yeah, 660 00:33:03,600 --> 00:33:07,360 Speaker 1: I'm struck by the global game that this is not 661 00:33:07,600 --> 00:33:10,200 Speaker 1: if they go to Tokyo and the Olympics, it's not 662 00:33:10,280 --> 00:33:13,600 Speaker 1: just about the US players anymore. You have lots of 663 00:33:13,600 --> 00:33:16,560 Speaker 1: players from all over the world and they attract a 664 00:33:16,600 --> 00:33:20,880 Speaker 1: lot of tension back home, whether it's Argentina and Genoboli, 665 00:33:21,360 --> 00:33:25,680 Speaker 1: whether it's Navitsky and Germany, whether it's Yao and China. 666 00:33:25,720 --> 00:33:30,640 Speaker 1: I mean, these guys really are global ambassadors, and with 667 00:33:30,760 --> 00:33:34,200 Speaker 1: that comes opportunity, and they are embracing that opportunity, and 668 00:33:34,200 --> 00:33:37,240 Speaker 1: they're listening to the players. The ideas are coming from 669 00:33:37,280 --> 00:33:40,080 Speaker 1: the ground up. It will be very interesting to see 670 00:33:40,160 --> 00:33:45,280 Speaker 1: how this plays out. Feels better to be number one 671 00:33:45,280 --> 00:33:47,200 Speaker 1: than number five. I'll wear a number because of mine. 672 00:33:47,320 --> 00:33:48,840 Speaker 1: We have a chance to go for three in a row, 673 00:33:48,880 --> 00:33:50,800 Speaker 1: good numbers in a good time. And let's first started 674 00:33:50,800 --> 00:33:54,240 Speaker 1: wearing the number. I would just have the floomberg business 675 00:33:54,240 --> 00:33:58,160 Speaker 1: of sports. The number of the week time now for 676 00:33:58,200 --> 00:34:02,600 Speaker 1: the number of the week Sky, the number is nine 677 00:34:02,680 --> 00:34:06,240 Speaker 1: hundred seventy four. And for our regular listeners who know 678 00:34:06,280 --> 00:34:08,719 Speaker 1: we sometimes discussed the number of the week ahead of time, 679 00:34:08,960 --> 00:34:11,560 Speaker 1: this is one of those times we have not discussed. 680 00:34:12,120 --> 00:34:15,480 Speaker 1: I have my mouth a gay, perplexed face staring at you, Michael, 681 00:34:15,480 --> 00:34:19,359 Speaker 1: But nine hundred and seventy four, and if they could 682 00:34:19,440 --> 00:34:27,080 Speaker 1: see my nostrils are flaring. U I do not know. 683 00:34:27,440 --> 00:34:32,320 Speaker 1: That's the number of people who attended the Chicago White 684 00:34:32,360 --> 00:34:35,680 Speaker 1: Sox game a few days. Come on, it was freezing cold. 685 00:34:36,640 --> 00:34:39,799 Speaker 1: They're in Chicago. If you're seen Bears games, yeah, yeah, 686 00:34:39,920 --> 00:34:41,920 Speaker 1: but this is that's football year. That's the whole thing. 687 00:34:42,040 --> 00:34:43,759 Speaker 1: If I'm gonna go sit at a baseball game, and 688 00:34:43,800 --> 00:34:46,000 Speaker 1: I know there's nothing baseball can do about this, but 689 00:34:46,040 --> 00:34:48,080 Speaker 1: if I'm gonna go sit at a baseball game, I 690 00:34:48,120 --> 00:34:53,600 Speaker 1: want shades, sunscreen, t shirt, tank top, whatever it may be. 691 00:34:54,000 --> 00:34:56,600 Speaker 1: I don't want jacket, I don't want umbrella. I don't 692 00:34:56,600 --> 00:34:58,760 Speaker 1: want any of that. If I'm sitting there to enjoy 693 00:34:58,880 --> 00:35:03,840 Speaker 1: my baseball game nine hundred seventy four, I'm sorry. No. 694 00:35:04,520 --> 00:35:06,800 Speaker 1: If you're supposed to be a fan of the White 695 00:35:06,800 --> 00:35:10,040 Speaker 1: Sox and you don't, Now, they said that about ten 696 00:35:10,120 --> 00:35:17,000 Speaker 1: thousand peoples, the boys of finish the sentence of summer. Yeah, 697 00:35:17,320 --> 00:35:20,520 Speaker 1: I get it, but look the stadium can hold over 698 00:35:20,680 --> 00:35:24,680 Speaker 1: forty people. That just shows me that the folks of 699 00:35:24,760 --> 00:35:31,240 Speaker 1: Chicago are bright. It's a crazy is that the Cubs 700 00:35:31,280 --> 00:35:32,920 Speaker 1: in town that they too. Didn't they cancel the game. 701 00:35:33,080 --> 00:35:36,080 Speaker 1: They canceled the cups. So there you go. The Cubs canceled, 702 00:35:36,280 --> 00:35:38,840 Speaker 1: the White Sox chose to play the game for whatever reason. 703 00:35:39,080 --> 00:35:43,000 Speaker 1: Of course they only got nine they should get free 704 00:35:43,000 --> 00:35:45,279 Speaker 1: tickets to another game. And that was my father would say, 705 00:35:45,280 --> 00:35:51,920 Speaker 1: you're gonna make me lose my mind. You've been listening 706 00:35:51,960 --> 00:35:55,200 Speaker 1: to Bloomberg Business of Sports. We are here each and 707 00:35:55,239 --> 00:35:58,360 Speaker 1: every week at the same time, exploring the world of 708 00:35:58,400 --> 00:36:01,440 Speaker 1: money and sports. I'm like a bar and I'm Scott Sashtik. 709 00:36:01,480 --> 00:36:03,520 Speaker 1: Thanks for joining us. Please tune in next week when 710 00:36:03,520 --> 00:36:05,840 Speaker 1: we speak with the biggest and brightest in the sports 711 00:36:05,880 --> 00:36:09,160 Speaker 1: business industry. You're listening to Bloomberg Business of Sports from 712 00:36:09,160 --> 00:36:12,560 Speaker 1: Bloomberg Radio around the world and online as an Apple 713 00:36:12,560 --> 00:36:13,640 Speaker 1: podcast on i tu