1 00:00:00,280 --> 00:00:03,400 Speaker 1: This is the business of sports. Let's talk Super Bowl 2 00:00:03,520 --> 00:00:06,600 Speaker 1: and Fox Sports, every single thing that occurs. I want 3 00:00:06,600 --> 00:00:08,880 Speaker 1: people to remember, this is a business. Guaranteed. Money isn't 4 00:00:08,920 --> 00:00:13,520 Speaker 1: necessarily guaranteed. Michael, how high can these valuations go? Scott, 5 00:00:14,800 --> 00:00:17,880 Speaker 1: everybody loves rooting against him, right, Evan, nobody Williams. Off 6 00:00:17,920 --> 00:00:19,840 Speaker 1: the field, the NBA has never been buzzier. And the 7 00:00:19,960 --> 00:00:23,080 Speaker 1: leaders in the sports industry Major League Baseball Commissioner Rob 8 00:00:23,079 --> 00:00:25,920 Speaker 1: man Prints, CEO of Oracle, Mark Bert here A Smith, 9 00:00:25,960 --> 00:00:29,360 Speaker 1: President of Ticketmasters, Maybe race car and driver Helio castro Ever. 10 00:00:29,560 --> 00:00:33,880 Speaker 1: Bloomberg Business of Sports from Bloomberg Radio. Hello, I'm Scott Stuck, 11 00:00:34,120 --> 00:00:36,559 Speaker 1: I'm Evan Nobi Williams, and I'm Michael Barr. And this 12 00:00:36,600 --> 00:00:39,280 Speaker 1: is the Bloomberg Business of Sports podcast where we explore 13 00:00:39,280 --> 00:00:42,560 Speaker 1: the big money issues in the world of sports. Now, Yes, 14 00:00:43,720 --> 00:00:47,760 Speaker 1: the Seattle Seahawks are out of the playoffs, and yes, 15 00:00:47,880 --> 00:00:52,440 Speaker 1: Marshawn Lenz came back briefly as a running back. Uh 16 00:00:54,360 --> 00:00:58,200 Speaker 1: he did, Yes, he did. He has some financial advice 17 00:00:58,760 --> 00:01:03,120 Speaker 1: for the young up and coming players in the NFL. 18 00:01:03,320 --> 00:01:05,280 Speaker 1: Give a listen, why y'all had it right now? Take 19 00:01:05,319 --> 00:01:07,759 Speaker 1: care of your bodies and I mean, don't take care 20 00:01:07,760 --> 00:01:10,080 Speaker 1: of y'all chicken. You feel we don't take care of 21 00:01:10,160 --> 00:01:13,880 Speaker 1: your menteels because little we ad lasting now long? Um, 22 00:01:13,920 --> 00:01:15,399 Speaker 1: you know, I had a couple of players that I 23 00:01:15,480 --> 00:01:17,759 Speaker 1: played with that you know, I mean they're no longer here, 24 00:01:17,840 --> 00:01:20,400 Speaker 1: no long they're no longer. So I mean, you feel 25 00:01:20,400 --> 00:01:22,880 Speaker 1: me start taking care of your mantels, your bodies and 26 00:01:22,959 --> 00:01:26,800 Speaker 1: your chicken from when y'all you know ready to walk away, 27 00:01:27,720 --> 00:01:29,679 Speaker 1: You walk away, and you'll be able to do what 28 00:01:29,720 --> 00:01:31,880 Speaker 1: you wanna do. There it is, you'll be able to 29 00:01:31,920 --> 00:01:34,800 Speaker 1: do what you wanna do. Now. I've heard it called cheese. 30 00:01:35,319 --> 00:01:38,520 Speaker 1: I've heard it called bread. I've never heard it called chicken. 31 00:01:38,800 --> 00:01:41,000 Speaker 1: I have heard it called chicken. You have, yes, I have, 32 00:01:41,120 --> 00:01:44,080 Speaker 1: I have heard of called chicken. Now. I know people 33 00:01:44,080 --> 00:01:47,440 Speaker 1: are out there like old Marshawn, But he's got a point. 34 00:01:47,520 --> 00:01:49,640 Speaker 1: It's is he says it in a hip way, but 35 00:01:49,680 --> 00:01:52,640 Speaker 1: he's got a point. Maybe the players will listen. Who 36 00:01:52,800 --> 00:01:56,240 Speaker 1: better than an older statesman who's had success in the league. 37 00:01:56,280 --> 00:01:58,560 Speaker 1: And by the way, I think it's good that a 38 00:01:58,600 --> 00:02:01,520 Speaker 1: guy has sort of peeked retirement. And I don't mean 39 00:02:01,560 --> 00:02:04,200 Speaker 1: peaked at hit the top of I mean peaked at 40 00:02:04,240 --> 00:02:06,640 Speaker 1: looked at the fact that he's away from the game 41 00:02:07,000 --> 00:02:10,919 Speaker 1: and understands like, all right, Um, I didn't get a paycheck. 42 00:02:11,040 --> 00:02:13,800 Speaker 1: I've got nothing to do. I don't know why he 43 00:02:13,840 --> 00:02:16,079 Speaker 1: came back chance to it. I don't know. Does he 44 00:02:16,160 --> 00:02:20,080 Speaker 1: need the money? I don't know. But many have tried 45 00:02:20,200 --> 00:02:24,519 Speaker 1: to tell the younger players take care of y'all, chicken, 46 00:02:25,520 --> 00:02:28,040 Speaker 1: and sometimes they don't listen. And and keep in mind too, 47 00:02:28,160 --> 00:02:31,160 Speaker 1: is you know Marshawn Lynch is not a talkative person 48 00:02:31,240 --> 00:02:33,680 Speaker 1: to the media. So for him to say that, well, 49 00:02:33,720 --> 00:02:36,240 Speaker 1: the question was are you coming back next year? Clearly 50 00:02:36,280 --> 00:02:39,399 Speaker 1: this is a message he wanted to deliver. He wasn't 51 00:02:39,400 --> 00:02:42,680 Speaker 1: asked about what's your advice to younger players? Yeah, I'll 52 00:02:42,720 --> 00:02:47,000 Speaker 1: be the skeptic here real quick. If Tim Duncan losing 53 00:02:47,040 --> 00:02:49,800 Speaker 1: twenty million dollars, is it the thing that makes players realize, oh, 54 00:02:49,800 --> 00:02:51,519 Speaker 1: I need to be smart with my money. I don't 55 00:02:51,560 --> 00:02:54,359 Speaker 1: think Marjahan Lynch talking after a game is going to 56 00:02:54,440 --> 00:02:57,080 Speaker 1: be the thing that that does it. Personally. Um, you know, 57 00:02:57,120 --> 00:02:59,640 Speaker 1: Marshall Lynch has done some cool things after her in 58 00:02:59,680 --> 00:03:01,760 Speaker 1: the middle all of his between his playing days, right, 59 00:03:01,760 --> 00:03:06,280 Speaker 1: he as a company. Um, but it's as a journalist. 60 00:03:06,280 --> 00:03:09,519 Speaker 1: I love having him back. I love watching his press conferences. 61 00:03:09,600 --> 00:03:11,400 Speaker 1: You know, I don't think every journalist would feel that way, 62 00:03:11,400 --> 00:03:13,760 Speaker 1: but from sitting from afar, you know, I like the 63 00:03:13,919 --> 00:03:15,639 Speaker 1: well one to the football bar. Though we've got four 64 00:03:15,639 --> 00:03:18,200 Speaker 1: teams left, we'll call the semifinals final forwardever you want 65 00:03:18,320 --> 00:03:21,040 Speaker 1: what excites you, well, first of all, I had better 66 00:03:21,080 --> 00:03:23,600 Speaker 1: say this because Linda, who was a huge forty nine 67 00:03:23,720 --> 00:03:29,959 Speaker 1: is fan Bowl. You're gonna have to my goodness. Forty 68 00:03:30,080 --> 00:03:32,720 Speaker 1: nine is against the Green Bay Packers for the NFC 69 00:03:32,880 --> 00:03:36,320 Speaker 1: title Kansas City. But lets let's see what those are? 70 00:03:36,320 --> 00:03:39,840 Speaker 1: Two big brands. Yeah, the NFL got to be very 71 00:03:39,840 --> 00:03:43,440 Speaker 1: happy with Green Bands there in that and then for 72 00:03:43,520 --> 00:03:47,720 Speaker 1: the a f C Kansas City and probably the surprise Tennessee, 73 00:03:47,760 --> 00:03:51,200 Speaker 1: the Tennessee Titans because they knocked off Baltimore. I didn't 74 00:03:51,200 --> 00:03:53,520 Speaker 1: see that coming at all, right, a lot of people didn't, 75 00:03:53,480 --> 00:03:55,160 Speaker 1: but you'll be very happy to learn that I now 76 00:03:55,360 --> 00:03:58,480 Speaker 1: do know Derrick Henry, so that I mean, from the 77 00:03:58,600 --> 00:04:01,280 Speaker 1: NFL's perspective, this seems like the fact that he wasn't 78 00:04:01,320 --> 00:04:03,640 Speaker 1: sort of it wasn't just me missing it, but he 79 00:04:03,640 --> 00:04:08,200 Speaker 1: should have been. He's pretty exciting big I mean two pounds, yeah, 80 00:04:08,240 --> 00:04:11,720 Speaker 1: but now two hundred forty pounds four five forty almost 81 00:04:11,760 --> 00:04:14,720 Speaker 1: two hundred yards and all those playoff games? What what 82 00:04:14,720 --> 00:04:17,200 Speaker 1: where are you? You watched his high school highlights? By 83 00:04:17,200 --> 00:04:21,240 Speaker 1: the way, God, I believe he had the number may 84 00:04:21,240 --> 00:04:22,960 Speaker 1: be wrong on this. I believe he rushed for over 85 00:04:23,240 --> 00:04:27,720 Speaker 1: over thirteen thousand yards in high school, which is many 86 00:04:27,760 --> 00:04:31,400 Speaker 1: of them over right. And if you look at the videos, yeah, 87 00:04:31,400 --> 00:04:33,160 Speaker 1: he looks like he looks like he like a video 88 00:04:33,160 --> 00:04:35,160 Speaker 1: game where you get one player who's massive, right, he 89 00:04:35,160 --> 00:04:38,120 Speaker 1: looks like he's eight ft tall. Um that I was surprised, 90 00:04:38,120 --> 00:04:40,720 Speaker 1: actually the bar you can comment on this to the 91 00:04:41,000 --> 00:04:44,000 Speaker 1: point spread in both these games over a touchdown us 92 00:04:44,080 --> 00:04:46,719 Speaker 1: as good as these matchups seem to be, especially that 93 00:04:46,880 --> 00:04:49,840 Speaker 1: NFC one. Um, when was the last time that both 94 00:04:49,880 --> 00:04:53,520 Speaker 1: the semifinals NFL games we're supposed to be over a touchdown, 95 00:04:54,040 --> 00:04:58,640 Speaker 1: a Green baye being the underdog by a touchdow, that's surprised. 96 00:04:58,680 --> 00:05:00,560 Speaker 1: But I don't know anything about the game, you know, 97 00:05:01,680 --> 00:05:04,680 Speaker 1: the NFL. But I'll say take the points has been 98 00:05:04,680 --> 00:05:08,480 Speaker 1: blessed by you know, very few blowouts in this postseason, right. 99 00:05:08,480 --> 00:05:10,240 Speaker 1: A couple of overtime games, a lot of games that 100 00:05:10,279 --> 00:05:13,320 Speaker 1: were one score, even the big blowout yesterday when the 101 00:05:13,360 --> 00:05:15,920 Speaker 1: Chiefs beat the Texans, which turned out to be a blowout, 102 00:05:15,920 --> 00:05:17,960 Speaker 1: They were down so much at the beginning that it 103 00:05:18,040 --> 00:05:22,479 Speaker 1: ended up being a very compelling game. Something that that 104 00:05:22,640 --> 00:05:25,800 Speaker 1: never happened in the NFL playoffs. Before I'm start to interrupt, 105 00:05:26,240 --> 00:05:29,960 Speaker 1: but a team down by twenty or more wins the 106 00:05:30,040 --> 00:05:33,520 Speaker 1: game by twenty or more. That never happened. Now, But 107 00:05:33,600 --> 00:05:36,240 Speaker 1: you know, what's something that has happened. But what's the 108 00:05:36,240 --> 00:05:39,120 Speaker 1: most interesting part of the entire game that that you're 109 00:05:39,160 --> 00:05:42,480 Speaker 1: just talking about there that you're watching scoring? No, well, 110 00:05:42,520 --> 00:05:44,960 Speaker 1: you are watching scoring, But what's the interesting park? Park? 111 00:05:45,240 --> 00:05:48,680 Speaker 1: And you obviously didn't see this ready, do you know 112 00:05:48,720 --> 00:05:51,960 Speaker 1: the Chiefs ran out of fireworks? Oh? Yeah, the Chiefs 113 00:05:52,040 --> 00:05:54,960 Speaker 1: ran out of touchdown fireworks because they scored so many times. 114 00:05:55,600 --> 00:05:57,919 Speaker 1: How do you run out of fireworks? It can't have 115 00:05:59,560 --> 00:06:01,520 Speaker 1: That's how happy you got to be ready for triple 116 00:06:01,560 --> 00:06:04,839 Speaker 1: digits on the score board. You cannot run out of fireworks. 117 00:06:05,000 --> 00:06:07,800 Speaker 1: You had the crowd just say boom and then we're good. Hey, 118 00:06:07,800 --> 00:06:10,200 Speaker 1: you had you know the message on the scoreboards. Sorry 119 00:06:10,480 --> 00:06:13,640 Speaker 1: we ran out of fireworks. Can can give me a 120 00:06:13,640 --> 00:06:16,560 Speaker 1: little Tony romo. By the way, he talking about Chicken, 121 00:06:17,960 --> 00:06:21,640 Speaker 1: about taking care of Chicken. He he wants to become 122 00:06:22,000 --> 00:06:24,800 Speaker 1: the highest paid and he just might be in terms 123 00:06:24,800 --> 00:06:26,960 Speaker 1: of being in the booth. Yeah, the reports that that 124 00:06:27,240 --> 00:06:29,320 Speaker 1: ESPN or you know, Disney is going to offer him 125 00:06:29,440 --> 00:06:31,800 Speaker 1: what would be the biggest broadcasting contract I believe in 126 00:06:31,839 --> 00:06:34,680 Speaker 1: sports history, tend to fourteen million dollars to try to 127 00:06:34,720 --> 00:06:37,800 Speaker 1: lure him away from from CBS. Um it seems pretty 128 00:06:37,800 --> 00:06:40,080 Speaker 1: clear that he is in high high demand right now. 129 00:06:41,000 --> 00:06:42,640 Speaker 1: I think a lot of that is going to depend 130 00:06:42,640 --> 00:06:46,000 Speaker 1: on maybe what Disney, ABC, ESPN are able to do 131 00:06:46,040 --> 00:06:47,800 Speaker 1: in terms of NFL rights. I don't think he would 132 00:06:47,880 --> 00:06:50,960 Speaker 1: leave CBS to go to to ESPN right now given 133 00:06:51,000 --> 00:06:53,479 Speaker 1: what they have just that Monday Night Peace and that 134 00:06:53,480 --> 00:06:56,720 Speaker 1: playoff game. But if ABC ends up with a bigger chunk, 135 00:06:56,720 --> 00:06:58,240 Speaker 1: I could I could see. I can see that being 136 00:06:58,279 --> 00:07:01,359 Speaker 1: a more alluring move for for Tony would also how 137 00:07:01,360 --> 00:07:03,679 Speaker 1: do you leverage him one you get the games. Yes 138 00:07:04,240 --> 00:07:08,520 Speaker 1: to the importance of the shoulder programming to ESPN more 139 00:07:08,560 --> 00:07:11,720 Speaker 1: so than CBS. They have so many hours of shoulder 140 00:07:11,760 --> 00:07:15,080 Speaker 1: programming around the NFL. And then By the way, let's 141 00:07:15,120 --> 00:07:17,920 Speaker 1: not dismiss the golf. Yeah, does Tony Romo appear on 142 00:07:17,920 --> 00:07:19,960 Speaker 1: the golf coverage as well? I mean, CBS actually have 143 00:07:20,040 --> 00:07:23,200 Speaker 1: to has the Master, So how else do you utilize him. 144 00:07:23,200 --> 00:07:24,600 Speaker 1: I don't think this is going to be just one 145 00:07:24,640 --> 00:07:27,160 Speaker 1: of those Okay, you'd be your top analyst and pay 146 00:07:27,200 --> 00:07:30,800 Speaker 1: you this money. There's gonna be a broader, encompassing deal 147 00:07:30,880 --> 00:07:33,160 Speaker 1: for him with other sports without program. I feel like 148 00:07:33,320 --> 00:07:35,880 Speaker 1: the perception of Tony Romo the announcer has changed a 149 00:07:35,920 --> 00:07:38,480 Speaker 1: bit recently. Right in the in the beginning, when he 150 00:07:38,520 --> 00:07:40,800 Speaker 1: was in his rookie year announcing, you know, a lot 151 00:07:40,840 --> 00:07:43,280 Speaker 1: of people hated what he was doing, right, and now 152 00:07:43,320 --> 00:07:46,200 Speaker 1: I feel like the praise is almost universal. The backlash 153 00:07:46,200 --> 00:07:48,920 Speaker 1: for Tony Romo, um, which existed, I think a lot. 154 00:07:49,000 --> 00:07:51,000 Speaker 1: And is it when he was predicting plays and maybe 155 00:07:51,080 --> 00:07:56,200 Speaker 1: ruining some things. Um that seems to have dispwn People 156 00:07:56,200 --> 00:07:58,480 Speaker 1: are just appreciating what did you say yesterday? It was like, well, 157 00:07:58,480 --> 00:08:00,000 Speaker 1: if they're gonna get back in this, they gotta get 158 00:08:00,040 --> 00:08:02,880 Speaker 1: baldal Travis Kelsey. I mean, if you're right, you're right. 159 00:08:03,360 --> 00:08:05,920 Speaker 1: I think it works hard. It's not it's not easy. 160 00:08:06,520 --> 00:08:08,440 Speaker 1: I think this may be a bit of a game change. 161 00:08:08,440 --> 00:08:10,960 Speaker 1: You here some analysts. I'm not saying others don't work hard, 162 00:08:11,040 --> 00:08:13,560 Speaker 1: but it really seems like he prepares for the broadcast 163 00:08:13,840 --> 00:08:17,200 Speaker 1: because he was the quarterback for both teams. Yeah, if you, 164 00:08:17,720 --> 00:08:21,440 Speaker 1: I think, especially if you have a recently retired player 165 00:08:21,840 --> 00:08:24,320 Speaker 1: who is as sebrebral as he is, I think that 166 00:08:24,360 --> 00:08:28,600 Speaker 1: makes for incredibly compelling play. And the the same way 167 00:08:28,640 --> 00:08:30,400 Speaker 1: that Alex Rodriguez, I think that's that's such a great 168 00:08:30,480 --> 00:08:34,520 Speaker 1: job because half the pictures he's talking about he actually faced. Right, 169 00:08:34,520 --> 00:08:36,360 Speaker 1: he remembers every single one of his at bats, right, 170 00:08:36,360 --> 00:08:39,160 Speaker 1: he knows exactly what they throw out to, etcetera. Um 171 00:08:39,360 --> 00:08:41,640 Speaker 1: and and it makes me kind of wonder what Tony 172 00:08:41,679 --> 00:08:44,840 Speaker 1: Romo shelf Like might be right if ten years from now, 173 00:08:45,160 --> 00:08:47,280 Speaker 1: if he's, you know, fifteen years removed from the NFL, 174 00:08:47,320 --> 00:08:50,160 Speaker 1: and suddenly Pat Mahomes retires, and now Pat Mahomes wants 175 00:08:50,160 --> 00:08:52,080 Speaker 1: to do this, I wonder if if the future is 176 00:08:52,160 --> 00:08:57,800 Speaker 1: just recently retired, eloquent, cerebral athletes, know who knows the 177 00:08:57,840 --> 00:09:00,120 Speaker 1: players know and knows the way the league works this 178 00:09:00,160 --> 00:09:02,160 Speaker 1: exact moment. But can we agree that nobody tunes into 179 00:09:02,160 --> 00:09:05,000 Speaker 1: the games because of the broadcasters. I do I think 180 00:09:05,000 --> 00:09:07,320 Speaker 1: that's true. Yeah, that is okay, alright, that is true. 181 00:09:07,520 --> 00:09:10,679 Speaker 1: It's I don't want to admit it, but it is. 182 00:09:10,880 --> 00:09:16,079 Speaker 1: That's a lot of money, right, Like that's is getting 183 00:09:16,120 --> 00:09:19,079 Speaker 1: seven million, not the wings, the five, that's the whole chick. 184 00:09:19,120 --> 00:09:25,280 Speaker 1: That's the chick. Uh. Let's go to college football and 185 00:09:25,280 --> 00:09:28,080 Speaker 1: and this is it and it happens. Wait, that hasn't 186 00:09:28,120 --> 00:09:30,280 Speaker 1: put What are we talking cause that hasn't happened yet. 187 00:09:30,440 --> 00:09:33,680 Speaker 1: Number three Clemson will look for the second straight national 188 00:09:33,760 --> 00:09:37,360 Speaker 1: championship titled Tonight against number one l s U. And 189 00:09:37,400 --> 00:09:39,040 Speaker 1: you know the problem I have with this is that 190 00:09:39,080 --> 00:09:42,160 Speaker 1: Clemson his ranked number three. They haven't lost a game 191 00:09:42,240 --> 00:09:48,760 Speaker 1: in what in two years? The scuse last year. I 192 00:09:48,800 --> 00:09:50,480 Speaker 1: know that's enough for me to drop up a couple. 193 00:09:51,080 --> 00:09:53,959 Speaker 1: I mean, Clemson, they're awesome. This is is gonna be 194 00:09:54,000 --> 00:09:56,320 Speaker 1: this is gonna be a great Give me the money, yeah, 195 00:09:56,400 --> 00:09:59,640 Speaker 1: because because we're finally it's been so long since sixteen 196 00:09:59,720 --> 00:10:03,160 Speaker 1: days exactly. Given the money. What's the most interesting contrast? 197 00:10:03,360 --> 00:10:05,240 Speaker 1: Compare contrast the money of these two problems. I think 198 00:10:05,280 --> 00:10:08,400 Speaker 1: the big interesting thing is that even though Clemson from 199 00:10:08,400 --> 00:10:11,000 Speaker 1: on the football field has been probably the most dominant 200 00:10:11,040 --> 00:10:14,439 Speaker 1: team of the past six seven, maybe even decade. UM. 201 00:10:14,559 --> 00:10:17,960 Speaker 1: They are still not financially on par with your blue 202 00:10:17,960 --> 00:10:21,120 Speaker 1: blood SEC programs, right, so, so so L s US athletic 203 00:10:21,160 --> 00:10:24,120 Speaker 1: budget is significantly higher, it's football budget is evenally higher. 204 00:10:24,240 --> 00:10:27,640 Speaker 1: The money they make off of football also significantly higher UM, 205 00:10:27,840 --> 00:10:29,680 Speaker 1: and that I think is going to change over time 206 00:10:29,720 --> 00:10:32,640 Speaker 1: if Clemson continues to be they do. They need other 207 00:10:33,120 --> 00:10:36,080 Speaker 1: a CC teams to be successful to get bigger shares. Well, 208 00:10:36,120 --> 00:10:39,280 Speaker 1: this is the thing that Clemson can make up ticket sales, right, 209 00:10:39,320 --> 00:10:42,120 Speaker 1: There's a ten to fifteen million dollar difference in football 210 00:10:42,160 --> 00:10:44,319 Speaker 1: sales ticket sales between Clemson and l s U, l 211 00:10:44,400 --> 00:10:46,679 Speaker 1: s U being being the higher of those two. UM. 212 00:10:46,800 --> 00:10:48,599 Speaker 1: Clemson can make that up, right if they continue to 213 00:10:48,640 --> 00:10:49,920 Speaker 1: be one of the best teams in the country, there's 214 00:10:49,920 --> 00:10:52,800 Speaker 1: more demand for season tickets. But what scares me about that? Yes, 215 00:10:52,800 --> 00:10:54,440 Speaker 1: you can do all that, but then this is the 216 00:10:54,440 --> 00:10:57,080 Speaker 1: part that scares me. You gotta win almostly. You have 217 00:10:57,120 --> 00:10:59,960 Speaker 1: to win. You have to win almost like you love 218 00:11:00,040 --> 00:11:02,040 Speaker 1: is an early season game. You're done, yes, And the 219 00:11:02,080 --> 00:11:04,120 Speaker 1: thing that you don't need to win to get is 220 00:11:04,160 --> 00:11:06,480 Speaker 1: the money from your conference. And then you brought it up. 221 00:11:06,600 --> 00:11:09,800 Speaker 1: The a c C lags way behind the SEC, and 222 00:11:09,840 --> 00:11:12,360 Speaker 1: the SEC is renegotiating their TV deals right now. In 223 00:11:12,360 --> 00:11:15,200 Speaker 1: a couple of years, the share for SEC teams each 224 00:11:15,280 --> 00:11:17,760 Speaker 1: year just from media alone before they play a game, 225 00:11:17,880 --> 00:11:19,559 Speaker 1: it's going to be in the sixty million dollar range 226 00:11:19,600 --> 00:11:22,160 Speaker 1: R And right now the a CEC is right and 227 00:11:22,160 --> 00:11:24,600 Speaker 1: that will go up I think as well. But the 228 00:11:24,640 --> 00:11:27,679 Speaker 1: gap between what every SEC gets before they even put 229 00:11:27,920 --> 00:11:30,160 Speaker 1: a team on the field versus what every a CEC 230 00:11:30,280 --> 00:11:33,040 Speaker 1: team gets is continuing to widen. And that would worry 231 00:11:33,040 --> 00:11:34,559 Speaker 1: me if I was Clemson. When is the a c 232 00:11:34,679 --> 00:11:38,280 Speaker 1: C going to get more respect? Is it now? Well? No, 233 00:11:38,440 --> 00:11:40,640 Speaker 1: one team is not enough. You have to have multiple 234 00:11:40,720 --> 00:11:44,280 Speaker 1: teams in that in that top ten, top fifteen, and 235 00:11:44,320 --> 00:11:46,360 Speaker 1: it's been I mean, and and basketball not as big 236 00:11:46,360 --> 00:11:49,160 Speaker 1: a moneymaker as football. The a CEC basketball this year 237 00:11:49,440 --> 00:11:52,520 Speaker 1: is having a down year. Um, but I mean more importantly, Yeah, 238 00:11:52,720 --> 00:11:58,040 Speaker 1: it's it's there, just okay, great, it's probably bad for 239 00:11:58,080 --> 00:12:03,120 Speaker 1: the exactly. Yeah. But by the way, Chicken n b 240 00:12:03,280 --> 00:12:06,840 Speaker 1: p A along those same lines, the NBA Players Union 241 00:12:06,920 --> 00:12:09,600 Speaker 1: wants to help some of its players make the Chicken. 242 00:12:10,120 --> 00:12:12,000 Speaker 1: So what are they doing? Bar I wrote about it 243 00:12:12,040 --> 00:12:15,319 Speaker 1: last week. Yes you did. Uh. The NBA, the superstars 244 00:12:15,320 --> 00:12:19,280 Speaker 1: like Lebron James and Kevin Durant, they have become serial investors. 245 00:12:19,280 --> 00:12:22,240 Speaker 1: I like that, by the way, serial investors' trending their 246 00:12:22,320 --> 00:12:25,240 Speaker 1: names and ideas and money to a number of business 247 00:12:25,280 --> 00:12:29,400 Speaker 1: ventures and startups and hopefully other people will follow along well. 248 00:12:29,440 --> 00:12:31,960 Speaker 1: In essence, what the n B p A is doing 249 00:12:32,040 --> 00:12:34,480 Speaker 1: in conjunction with by the way, and this just happens 250 00:12:34,480 --> 00:12:37,280 Speaker 1: good happen stance for us in conjunction with patrick Off Co. 251 00:12:37,720 --> 00:12:39,920 Speaker 1: And we just had Mark patrick Off on the show. 252 00:12:40,440 --> 00:12:43,240 Speaker 1: They are creating an accelerator program. They're gonna have people 253 00:12:43,360 --> 00:12:50,160 Speaker 1: compete with their ideas UH for mentorship for an official 254 00:12:50,720 --> 00:12:54,800 Speaker 1: UH program at the Union to help players get their 255 00:12:54,800 --> 00:12:57,160 Speaker 1: business ideas off the ground. Do you think there's ever 256 00:12:57,440 --> 00:13:01,160 Speaker 1: a future in which players, through them form gets some 257 00:13:01,240 --> 00:13:05,240 Speaker 1: kind of equity and team valuation. No? Never, No, why not. 258 00:13:06,000 --> 00:13:09,160 Speaker 1: It's salary cap esque. It's very different. They don't want 259 00:13:09,160 --> 00:13:12,640 Speaker 1: players having ownership. There's just too many bad things there 260 00:13:12,640 --> 00:13:17,280 Speaker 1: for for the league's it's just too difficult to quantify um. 261 00:13:17,360 --> 00:13:18,840 Speaker 1: What if you get trade it, you know, it's just 262 00:13:18,920 --> 00:13:21,800 Speaker 1: it's just a it's very difficent. Sure, and I get 263 00:13:21,800 --> 00:13:24,199 Speaker 1: that you shouldn't have ownership in the team that you're on, etcetera. 264 00:13:24,240 --> 00:13:25,679 Speaker 1: I just wonder if there's like a way to do 265 00:13:25,800 --> 00:13:27,600 Speaker 1: like a fun I mean, because we've talked about we 266 00:13:27,640 --> 00:13:33,080 Speaker 1: talked about the n Yeah that you you see, you 267 00:13:33,120 --> 00:13:36,480 Speaker 1: saw how hard and you know, Spencer denuities, you know, 268 00:13:36,520 --> 00:13:39,920 Speaker 1: securitization plan seems to be coming to fruition um. But 269 00:13:40,000 --> 00:13:43,880 Speaker 1: we've seen how hard the league pushed back on that alone, 270 00:13:44,679 --> 00:13:46,560 Speaker 1: and it was it's all about sort of a salary 271 00:13:46,559 --> 00:13:49,120 Speaker 1: cap circonvention and what he can do and cannot do 272 00:13:49,200 --> 00:13:51,959 Speaker 1: with his money from the team. The idea of equity 273 00:13:52,000 --> 00:13:57,160 Speaker 1: in a team, I just don't see the league's ever 274 00:13:57,679 --> 00:14:00,280 Speaker 1: allowing it. Interesting, by the way, be it should had. 275 00:14:00,640 --> 00:14:03,760 Speaker 1: Union executive director Michelle Roberts, who we've also had on 276 00:14:03,800 --> 00:14:07,920 Speaker 1: the show, says that our members are more than basketball players. 277 00:14:07,920 --> 00:14:13,160 Speaker 1: They are investors, businessmen, entrepreneurs and stewarts of their personal brands, 278 00:14:13,360 --> 00:14:16,240 Speaker 1: which sums everything up. So you're talking to the big 279 00:14:16,240 --> 00:14:19,680 Speaker 1: guns helping the little guns. Yeah. And but by the way, 280 00:14:19,960 --> 00:14:21,400 Speaker 1: I would like to point out too, because I know 281 00:14:21,480 --> 00:14:25,120 Speaker 1: Michelle is big on this, also eligible our former players, 282 00:14:25,320 --> 00:14:27,880 Speaker 1: right not just current players, she's she's looking to help 283 00:14:27,920 --> 00:14:30,960 Speaker 1: those who have helped pave the way. This has been 284 00:14:30,960 --> 00:14:33,680 Speaker 1: the Bloomberg Business of Sports podcast. I'm Michael Barr, along 285 00:14:33,720 --> 00:14:36,720 Speaker 1: with Scott Sashnik and Evan Nobie Williams. We are here 286 00:14:36,840 --> 00:14:40,080 Speaker 1: every Monday, Wednesday, Thursday exploring the world of money and sports. 287 00:14:40,120 --> 00:14:41,400 Speaker 1: Join us again at the end of the week when 288 00:14:41,400 --> 00:14:43,520 Speaker 1: we speak with the biggest and brightest in the sports 289 00:14:43,520 --> 00:14:45,440 Speaker 1: business world. Oh wait, I gotta tell you this before 290 00:14:45,440 --> 00:14:48,400 Speaker 1: we go. And remember we talk about the sports all 291 00:14:48,400 --> 00:14:51,680 Speaker 1: the time. My son, yes, I want to say the school, 292 00:14:51,880 --> 00:14:55,880 Speaker 1: Tomaqua High School in Pennsylvania. He's trying out for the 293 00:14:55,880 --> 00:15:00,640 Speaker 1: East Sports team Overwatch. And I never thought would react 294 00:15:00,720 --> 00:15:04,040 Speaker 1: like this. You're happy. I'm a nervous father for an 295 00:15:04,080 --> 00:15:07,240 Speaker 1: e sports team. It's like, oh, come on, practice, practice, 296 00:15:07,440 --> 00:15:09,680 Speaker 1: when to try, when it's try. It was this going 297 00:15:09,720 --> 00:15:12,480 Speaker 1: on right now? All right? What's the mascot? I do 298 00:15:12,520 --> 00:15:15,320 Speaker 1: not know. I do not know. All right, tell you 299 00:15:15,480 --> 00:15:21,400 Speaker 1: a little funny Timacus. You're listening to Bloomberg Business of 300 00:15:21,480 --> 00:15:25,800 Speaker 1: Sports on Bloomberg Radio around the world and online wherever 301 00:15:25,920 --> 00:15:27,160 Speaker 1: you get your podcast.