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Speaker 1: The College Football Apostles is here and this is the

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Speaker 1: better Call Saw episode because the legal and business issues

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Speaker 1: are dominating college football. Make sure that you guys like

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Speaker 1: to subscribe, tell a friend about the show, and most importantly,

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Speaker 1: share so we can keep bringing you dope college football

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Speaker 1: content because this is the spot for college football. Here

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Speaker 1: on Unafraid show on the College Football Apostles. Let's get

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Speaker 1: to the show. Baby. I'm George Reister. He's Ralph Amsden,

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Speaker 1: and the first topic today is Jaden Rashata. Boy, oh boy.

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Speaker 1: There is a lawsuit out against the University of Florida,

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Speaker 1: against their booster and against Billy Napier. And I've known

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Speaker 1: that this is coming for quite some time. Whoever, when

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Speaker 1: it hit the airwaves, it kind of reignited the whole

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Speaker 1: Jadeen Rashada saga and kind of the narrative about him

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Speaker 1: as a kid. But Ralph, I've been looking at this

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Speaker 1: as more the entire time, as a as an issue

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Speaker 1: of why name, image and likeness is so important and

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Speaker 1: why it needs to come out of the dark alleys

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Speaker 1: and the dusty corners and everything else because of reasons

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Speaker 1: like this, And it's not just for the protection of

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Speaker 1: the players, but it's for the protection of the boosters

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Speaker 1: and the school and everybody as well. When when you

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Speaker 1: have a contract that you sign that is not enforceable legal, well,

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Speaker 1: technically it's enforceable legally potentially because you are now having

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Speaker 1: a lawsuit about it, but it's not something that you

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Speaker 1: would bring the light because technically it was an inducement

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Speaker 1: and technically it can get the school in trouble. So

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Speaker 1: nobody wanted this. But if everything is out on front

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Speaker 1: Street now, it's a whole different story.

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Speaker 2: Yeah, you know, as somebody who covers Arizona State and

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Speaker 2: went to Arizona State, it's been interesting watching, you know,

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Speaker 2: people say that, like there's there's been a group of

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Speaker 2: Arizona State fans that have said, like, I'm glad Jane

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Speaker 2: Rashott has gone because look at this drama you would

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Speaker 2: have brought to us suing Florida former Arizona State offensive

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Speaker 2: coordinator Billion Napier, you know, while while he's at Arizona State.

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Speaker 2: I beg to differ on the grounds that, like, what

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Speaker 2: is dramatic about someone said they would pay you money.

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Speaker 2: You both signed a contract and then the money didn't come. Yeah,

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Speaker 2: in any situation you would want to recoup that or

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Speaker 2: at least protect the next generation of football players that

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Speaker 2: are coming up from getting them. I was into situations

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Speaker 2: like that, and unfortunately legislation. Civil legislation is a good

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Speaker 2: way to make sure that a lot of those rules

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Speaker 2: can get short up because technically, like you brought up,

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Speaker 2: a lot of things that were happening weren't necessarily inside

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Speaker 2: the bounds of what nil was meant for. But if

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Speaker 2: you told a kid he was gonna get paid, they

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Speaker 2: both signed on the dotted line and then the payment

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Speaker 2: did not come. What are we doing here?

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Speaker 1: Yeah, because they made Jane Rishata out to be this

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Speaker 1: unstable switching schools like that. It's very interesting to me

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Speaker 1: because he was committed to Miami first, then he flipped

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Speaker 1: the floor. How uncommon is that.

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Speaker 2: Ralph, That's very common. But I don't think he would

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Speaker 2: have ever flipped in the first place had there not

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Speaker 2: been the biggest offer in the history of college foot Yes,

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Speaker 2: his way exactly.

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Speaker 1: And then so and then he ends up asking for

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Speaker 1: his release and then going to Arizona State. And this

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Speaker 1: is late in the game, like the signing period has

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Speaker 1: already passed. So the amount of spots that are available

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Speaker 1: is very narrow at this point in time.

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Speaker 2: So then he had dad was there. Yeah, And they

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Speaker 2: didn't tell him that he could have anything. Nope, they

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Speaker 2: just said like, hey, we got a spot for you

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Speaker 2: to come in and compete if you want to.

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Speaker 1: And that's the thing is that is that he went that, Like,

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Speaker 1: this is the problem with this whole narrative is that

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Speaker 1: he was painted out to be this this money hungry

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Speaker 1: kid when he went to Arizona State without promises of

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Speaker 1: huge money and all of this stuff. He went to

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Speaker 1: Arizona State because he knew Arizona State there were limited options.

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Speaker 1: Like it wasn't even necessarily that that was going to

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Speaker 1: be the best fit for him. It just kind of

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Speaker 1: worked in the moment and if it worked out, cool

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Speaker 1: and if not, no, And when he left and went

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Speaker 1: to Georgia, there were bigger offers on the table, like significantly,

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Speaker 1: because the way Kirby Smart handles his whole roster is

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Speaker 1: is that like Georgia has about a little under thirteen

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Speaker 1: million dollars that they have in their collective for the

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Speaker 1: year to be able to divvy out to players, and

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Speaker 1: you have the top of the food chain, which is

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Speaker 1: back the quarterback seven figure guy. Then it goes down

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Speaker 1: from there and Kirby and the way that they do

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Speaker 1: it at Georgia. This the way they used to do it.

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Speaker 1: At Ohio State they've switched up just a little bit,

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Speaker 1: and a few other places Bama has been similar. Typically

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Speaker 1: is that there's a base amount that your you know,

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Speaker 1: that your highly recruited guys get, which is a very

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Speaker 1: low amount compared to what is out there in the media.

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Speaker 1: And then once you become a guy, now you have

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Speaker 1: opportunities to make significantly more money just from the collective.

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Speaker 1: And that's not coming from outside and that's not including

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Speaker 1: you know, getting a Zagsbi's or a car dealership or

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Speaker 1: any like. This is just coming straight from their collective

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Speaker 1: that's associated with the school. So now back to the

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Speaker 1: Rashata thing for a second. There was a payment due

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Speaker 1: in the beginning of December, according to their lawsuit, of

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Speaker 1: like five hundred and somei thousand dollars. He signed the

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Speaker 1: letter of intent towards the end of December, around somewhere

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Speaker 1: between the eighteenth and the twenty first, somewhere around there,

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Speaker 1: and the payment was missed and then promises were made. Okay, no,

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Speaker 1: the money's coming to money's coming, to money's coming, and

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Speaker 1: we have fans talking about, oh man, oh we want

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Speaker 1: kids that want to be here. You shouldn't be here

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Speaker 1: for the money. And like, imagine if you showed up

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Speaker 1: at a job right that you wanted, like you wanted

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Speaker 1: to be there, and then there were and then they

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Speaker 1: were supposed to give you your upfront signing bonus because

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Speaker 1: some people get signing bonuses for regular jobs or or

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Speaker 1: you know they'll they'll they'll start your pay early because

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Speaker 1: you are because you were recruited and you're finishing another job.

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Speaker 1: You want to take some time in between, anything like that,

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Speaker 1: and then that money does not show up on time,

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Speaker 1: even though it's a job that you want. How are

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Speaker 1: you now going to feel about the potential for everything

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Speaker 1: that you were promised in this job and the truthfulness

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Speaker 1: of those involved to be there?

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Speaker 2: You wouldn't you wouldn't. And the most sinister part about

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Speaker 2: all of this is the hope from Florida's end, And

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Speaker 2: I maybe so one will come along and disagree with me,

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Speaker 2: but it seems to be consensus. The hope on Florida's

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Speaker 2: end is that he would break his end and leave. Yep,

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Speaker 2: they didn't want to be on the hook for thirteen million.

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Speaker 1: Dollars exactly what happened, nor was it wise, No, it

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Speaker 1: was not wise to set the market with with with

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Speaker 1: a high school kid. Yeah, well, well it started with

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Speaker 1: the yeah with yeah, with Nico Iamalava, which was reported

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Speaker 1: to be about eight million dollars. And I've talked to

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Speaker 1: like been out here in Cali. You have access to people,

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Speaker 1: and people are in your circles and stuff like that,

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Speaker 1: and it's well, let's just say that what's reported is

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Speaker 1: not all what has you know, what exactly it was? Okay,

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Speaker 1: but check this out now. So the market was initially

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Speaker 1: set there and now with that, and then you had

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Speaker 1: an arms rates like yeah, we're gonna do this, this

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Speaker 1: this with with the collective and people people pledged money

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Speaker 1: to these collectives and then didn't pay that money because

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Speaker 1: obviously in twenty twenty we had a twenty twenty twenty

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Speaker 1: twenty one, like we've had some financial crisis in certain

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Speaker 1: areas of the of the country and in certain sectors,

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Speaker 1: and people's businesses have downturned. People have I mean like

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Speaker 1: people who pledged money have personal events, they get divorced,

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Speaker 1: like and all of a sudden in pledges turned to

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Speaker 1: zero or they turned to different amounts of money. And

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Speaker 1: I think that this brings up a legal issue for Florida,

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Speaker 1: right because, on one hand, Billy Napier, who's named in

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Speaker 1: the lawsuit, coaches are aware of everything that happens in

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Speaker 1: their program, or at least generally aware, or they're like, listen,

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Speaker 1: I understand that that's going on. I don't want to

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Speaker 1: know about it, so I can have plausible deniability, which

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Speaker 1: to me is knowing about it. If you're saying nope, nope, nope, nope, nope,

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Speaker 1: have that conversation outside the door. You know, the conversation

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Speaker 1: is happening. M hm, so, and and Billy Napier, from

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Speaker 1: my understanding, is not really on board with that whole system, right.

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Speaker 3: Of of of the inducements and like especially at this

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Speaker 3: amount of money like that, he's that he wasn't down

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Speaker 3: with it.

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Speaker 1: However, he's in charge of the situation. And when you

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Speaker 1: are in a position like Billy Napier is in where

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Speaker 1: Florida has not achieved the level of success that Florida

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Speaker 1: fans had hoped up to this point in time, can

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Speaker 1: we agree on.

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Speaker 2: That that is absolutely true? Yeah, he's on the chopping block.

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Speaker 1: Yes, proof so, and they're over under which we went

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Speaker 1: over in the other episode which you guys can check

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Speaker 1: out here on on a Fraid Show, is five games.

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Speaker 1: They have an extremely tough schedule on paper, and if

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Speaker 1: they win five games, seven games, he's probably like, there's

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Speaker 1: a potential that he can get fired. Well, if they

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Speaker 1: win five games, he's probably getting fired. So couldn't the

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Speaker 1: school use this as an opportunity because mind you, nil

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Speaker 1: is legal now, but it was not at that point

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Speaker 1: in time, and he's not winning enough to where they

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Speaker 1: can pull what Kansas did and just throw the middle

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Speaker 1: finger up to the NC DOUBLEA and the Infractions Committee

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Speaker 1: and everything else and keep their head coaching basketball Bill's self.

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Speaker 1: They're probably more in line to do what LSU did

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Speaker 1: with Will Wade. And if you can fire Billy Napier

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Speaker 1: for cause and keep the and say we did something now,

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Speaker 1: you get a chance to keep that buyout money, and

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Speaker 1: you get a chance to put out a public face

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Speaker 1: of listen, we're doing the right thing and we're fixing

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Speaker 1: it around here, right, and you get a fresh start

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Speaker 1: with a new coach, which will then energize the fan

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Speaker 1: base a little bit. But you can't fire him now, Ralph,

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Speaker 1: you can't fire him now. Why because we're too far

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Speaker 1: away from the season and that opens up the transfer portal.

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Speaker 1: And if you fire him, you may lose dj Lagway.

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Speaker 1: You hell, you may lose Cormoni McClain who just signed there,

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Speaker 1: like you can lose a lot of your roster, of

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Speaker 1: your high end guys just bouncing to places that they

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Speaker 1: know that they can go in and start that immediately.

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Speaker 2: But you know that there's administrators at Florida who are

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Speaker 2: looking at this lawsuit right now and they're saying this

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Speaker 2: might get us out of a buyout. Yep, yeah, that's

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Speaker 2: what you got. That's what you gotta understand. Like, there

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Speaker 2: are players on all sides of this chess game that

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Speaker 2: is college football, right like you It's similar to who

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Speaker 2: don't like you? You know who this is mean? But

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Speaker 2: you know who's looking at this Florida situation with with

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Speaker 2: with the eyebrows raised Jeff Fish And if there's enough

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Speaker 2: people at Florida who are like, maybe this Jaden Rashada

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Speaker 2: lawsuit that named Billy Napier in saying that he promised

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Speaker 2: a million dollars to Rashada.

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Speaker 1: No, Ja's not leaving Washington for Florida knows say it ain't.

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Speaker 2: So that's I'm a monor my guy. And so it's

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Speaker 2: one of those things that if if somebody at Florida

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Speaker 2: is like, man, we could get Jetfish, especially if we

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Speaker 2: don't have to pay a buyout.

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Speaker 1: But and use what we were gonna pay to buy it,

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Speaker 1: because his contract at Washington is very Jetfish friendly in

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Speaker 1: terms of buyout.

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Speaker 2: Yeah, but then it's like, well, how much are we

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Speaker 2: going to be liable for to have to pay to

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Speaker 2: the shot of family? Yes?

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Speaker 1: Oh yeah, because because this lawsuit is going to settle.

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Speaker 1: This lawsuit is going to settle.

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Speaker 2: It has to you don't want discovery in.

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Speaker 1: This no no, no, no.

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Speaker 2: Like you don't want to find out what somebody. So

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Speaker 2: collectives are not allowed to coordinate with coaches.

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Speaker 1: Yes, you were going to open up a can of

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Speaker 1: dusty corners that nobody wants opened up.

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Speaker 2: Every collective in the country is coordinating with the coaches,

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Speaker 2: every single one. Yeah, and so uh and that's why

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Speaker 2: that's why everybody needs to be careful because if you're

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Speaker 2: out here lying to kids and you miss payments and

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Speaker 2: they decided to take it to civil court and then

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Speaker 2: you get put in a position where your texts are

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Speaker 2: gonna get called into question. And then you have X

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Speaker 2: figure head of collective and you have head coach regularly

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Speaker 2: text messaging back and forth about the amounts that they

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Speaker 2: want players to get paid. Why do you think they're

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Speaker 2: trying to move the collectives in house so that they

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Speaker 2: don't they're not subjected to these technical illegalities. But you don't.

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Speaker 2: You just don't want to be found out in Discovery.

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Speaker 2: While the NCAA still has enough.

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Speaker 1: Here's the other program, here's the other problem. Is that

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Speaker 1: Discovery is the boogeyman because think about what happened in

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Speaker 1: the college basketball book richardson scandal. Do you know how

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Speaker 1: that started? It started because a financial advisor in Atlanta

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Speaker 1: named Marty Blazer was getting investigated biton. He was a

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Speaker 1: financial advisor for a bunch of profess athletes, got investigated

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Speaker 1: by the FBI for stealing money and doing some stuff

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Speaker 1: that he wasn't supposed to do. And Marty was like,

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Speaker 1: I know what's going on over over here. That's how

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Speaker 1: Hugh Freeze got caught at oh miss of you know,

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Speaker 1: doing doing stuff Discovery of something completely different, and now

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Speaker 1: all of a sudden somebody runs across the text message

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Speaker 1: unrelated and they're like, why the why the hell did

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Speaker 1: he say the one time that he said something texts

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Speaker 1: something that he shouldn't have text And then they're like no, no,

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Speaker 1: no other other phone or oh my bad. And now

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Speaker 1: you're like, what the hell does this mean? Now I'm

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Speaker 1: searching through texts for other stuff and now and gone down.

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Speaker 1: And you know how investigative people are like the like

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Speaker 1: I'm talking about the people that can't be bought like that,

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Speaker 1: the people that can only be bought by the truth.

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Speaker 1: That where I alwould say everything is for or sale,

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Speaker 1: Everything is not on sale. And the price sometimes is

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Speaker 1: not money, it's not what you can pay, it's something.

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Speaker 1: Sometimes the price is something that you can't afford or

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Speaker 1: that you don't want the most.

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Speaker 2: And then you and maybe you identify with this too.

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Speaker 2: I always tell my kids, I'm like, you know, something

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Speaker 2: as simple as as throwing your dirty clothes on the

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Speaker 2: floor is gonna invite your mother into your room to

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Speaker 2: start cleaning up.

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Speaker 1: Ye finds the newdy magazine, the comn the joint. Now

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Speaker 1: I'm not I'm not saying that that's what your kids

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Speaker 1: can do. It but I'm just saying like that, like, yeah.

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Speaker 2: That's my point, Like you're gonna you're gonna invite the corsation.

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Speaker 1: Because yeah, they're just like they're not even looking for

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Speaker 1: anything in particularly. Oh let me pick pick up this shirt. Wait,

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Speaker 1: hold on, what's what's that yellow thing sticking out? Are

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Speaker 1: these panties? Are this? Is this? Is this a or like?

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Speaker 1: Or like why is this fork up under here? Oh?

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Speaker 1: Let me let me get this fork? Wait? Hold up?

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Speaker 1: What the oh my god? Now all of a sudden, Hey.

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Speaker 2: You know who the best drivers in the world are?

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Speaker 2: Who drug mules?

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Speaker 1: Drug mules well, sometimes because they them food. Sometimes they

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Speaker 1: be breaking laws driving and speeding.

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Speaker 2: Yeah, well that's what I'm saying. Were you gonna speed

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Speaker 2: with drugs in the car?

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Speaker 1: Exactly?

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Speaker 2: So that's what I'm talking about, is like you you

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Speaker 2: never want to invite any like a scope creep of investigations.

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Speaker 2: It's such a good point that you made because it

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Speaker 2: can always go sideways always. Yep, they got al Capone

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Speaker 2: on tax evasion exactly.

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Speaker 1: And this is why the whole NCAA anti trust lawsuit

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Speaker 1: is significant. So up to this point, the all the

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Speaker 1: power five schools have agreed except for the PAC twelve,

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Speaker 1: which they're expecting is going to as well. And this

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Speaker 1: is going to be two point seven two point eight

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Speaker 1: billion dollars in settlements and you're like, okay, so why

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Speaker 1: are they even doing this? And this goes to future

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Speaker 1: and past payments of players for their nil and things

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Speaker 1: like that. They're settling because they have to settle. The

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Speaker 1: NC double A has gotten their ass kicked in court

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Speaker 1: by Ed Obannon over ten years ago. They've gotten their

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Speaker 1: ass kicked Austin versus the NC double A every other time.

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Speaker 1: So the value of a scholarship used to be capped

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Speaker 1: at the cost of attendance, and now it's not. So

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Speaker 1: that means they can buy computers, they can buy any

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Speaker 1: ancillary thing that you need for school, and your stipend

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Speaker 1: can technically be higher than whatever it was, right, So

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Speaker 1: you so you have that on one hand. Now on

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Speaker 1: the other han hand, you have Yeah, so you have

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Speaker 1: that on one hand. Now on the other hand, you

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Speaker 1: have the NCAA, which has not like it was built

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Speaker 1: upon a system of amateurism where the value of a

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Speaker 1: scholarship used to outweigh the revenue that the players were

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Speaker 1: generating to bring in. But with the TV money since

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Speaker 1: I was playing has increased, increased, increased, The donorship has increased, increased, increased,

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Speaker 1: coaches salaries increased, increased, increased, and the people generate and

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Speaker 1: and players couldn't even make money on their own at

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Speaker 1: that point in time. So that was never going to

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Speaker 1: hold up to a legal challenge because there is no

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Speaker 1: other place in the in the country where that is okay.

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Speaker 1: So now this antitrust lawsuit which is going to be settled,

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Speaker 1: and this is going to bring collectives in in house,

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Speaker 1: there's gonna be more transparency, which to the jadenbershot a point,

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Speaker 1: this is necessary for the protection of the schools, for

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Speaker 1: the protection of the players, because if you actually have

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Speaker 1: real contracts that are above board and enforceable, you know

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Speaker 1: what's gonna happen. Ralph, there is going to be like

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Speaker 1: they're not gonna be able to promise one guy coming

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Speaker 1: out of high school a half a million dollars when

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Speaker 1: they're starting running back is getting two hundred and fifty

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Speaker 1: thousand dollars. Like now you're actually gonna like it's actually

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Speaker 1: gonna bring things to a more equitable state, which is

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Speaker 1: what fans really want. Like it's the same thing that

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Speaker 1: happened in the NFL because when I came into the NFL,

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Speaker 1: you had the Sam Bradford. You had all these young

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Speaker 1: hot shot quarterbacks getting drafted, making more than the players

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Speaker 1: who were winning Super Bowls and going to Pro Bowls

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Speaker 1: and being All pros, and they hadn't taken a snap yet.

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Speaker 1: So then the players were like, nah, we don't like this,

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Speaker 1: and the owners were like, cool, we don't like it either,

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Speaker 1: because some of them don't pan out. So then the

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Speaker 1: rookie wage scale comes in, and now the players who

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Speaker 1: produce on the field, or at least you know, in

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Speaker 1: some cases that they believe will produce, those are the

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Speaker 1: people who get the huge second contracts. And then the

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Speaker 1: players who are rookies and still earning them and younger

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Speaker 1: players they can't get a new contract until after three years.

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Speaker 1: So it's created a more equitable system, even though it's

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Speaker 1: not perfect. It's created a more equitable system where there

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Speaker 1: is a tiered system for where you are in the

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Speaker 1: pecking order, which is going to create less drama and

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Speaker 1: also allow teams to keep their their rosters more in

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Speaker 1: order because of the lack of jealousy and transparency.

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Speaker 2: What would you think of this and I know this

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Speaker 2: is complicated, but I want everything to be about board.

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00:23:11,680 --> 00:23:13,280
Speaker 2: I don't think billion eight years a bad guy. I

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Speaker 2: know Jaden Chatte is a good kid. So this whole

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Speaker 2: idea that we're that there's even a villain involved in this, like, no,

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Speaker 2: this is a dispute that needs adjudicated the end. So

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Speaker 2: what what would you think of this that somebody comes

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Speaker 2: in uh to college on a two year contract, two

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Speaker 2: year contract and the third year team option, fourth year

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Speaker 2: player option. Absolutely not is typically if you're good enough. Typically,

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Speaker 2: if you're good enough, you're gonna leave school after three years, right,

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Speaker 2: So and a lot of these kids come in with

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Speaker 2: college credits or have a way to graduate in three years.

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Speaker 2: It's becoming more common than not.

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Speaker 1: Yeah yeah, Justin Martin just graduated UCLA this spring.

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Speaker 2: Yeah, your boy Tyler Shuck's about to get his like

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Speaker 2: fifth college degree. Yeah, turning twenty four at Liutleville this year.

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Speaker 2: So and he was an early enrollie too. Yeah, so

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Speaker 2: you know this whole thing of like, Okay, if you

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Speaker 2: sign a two year deal, everything's above board, everybody knows

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Speaker 2: what you're making. And then the third year would be

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Speaker 2: escalating quite a bit, like you're a starter your all conference,

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Speaker 2: the team can option you into that third year, or

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Speaker 2: you can transfer to try to get a different contract elsewhere.

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Speaker 2: But if you spend three years, you had your team

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Speaker 2: option inacted, it was an escalator. You got a lot

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Speaker 2: more in NIL. You go into your fourth year and

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Speaker 2: you're choosing NFL or stay in college. It's a team

385
00:24:45,160 --> 00:24:48,639
Speaker 2: option or it's a player option. You could continue what

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00:24:48,680 --> 00:24:50,359
Speaker 2: you got in year three, or you could go to

387
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Speaker 2: the NFL. But it's up to you.

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Speaker 1: I don't hate the idea, but I think it's a

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00:24:58,160 --> 00:25:00,880
Speaker 1: I don't think that it's gonna work it and and

390
00:25:00,920 --> 00:25:03,359
Speaker 1: for and I wouldn't want my kid to sign that

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00:25:03,440 --> 00:25:08,679
Speaker 1: for multiple reasons. One is what what what happens if

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Speaker 1: you're Caleb Downs and he's a and he's a first

393
00:25:11,720 --> 00:25:16,240
Speaker 1: year starter All American? Now right now? What him? I mean?

394
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Speaker 1: And I know that that's the outlier and not the norm.

395
00:25:20,160 --> 00:25:25,359
Speaker 1: But and then two I am and and legally it

396
00:25:25,359 --> 00:25:29,480
Speaker 1: would never hold up for players to unless there are

397
00:25:29,680 --> 00:25:34,960
Speaker 1: out in these contracts. For if coaches leave like that,

398
00:25:34,960 --> 00:25:37,680
Speaker 1: that be a similar thing because coaches are under contract too.

399
00:25:37,880 --> 00:25:41,800
Speaker 2: Yeah, I'm only talking about obligating the school, not the player.

400
00:25:41,920 --> 00:25:44,520
Speaker 2: So the player could still transfer at any point. It

401
00:25:44,560 --> 00:25:46,120
Speaker 2: would just break the contract.

402
00:25:46,200 --> 00:25:48,200
Speaker 1: Oh oh okay.

403
00:25:47,640 --> 00:25:49,680
Speaker 2: But it would see that's but it would obligate the school.

404
00:25:49,680 --> 00:25:51,960
Speaker 2: Because the primary issue that we're dealing with right now

405
00:25:52,320 --> 00:25:55,120
Speaker 2: is the fact that people, the people who the people

406
00:25:55,160 --> 00:25:56,880
Speaker 2: who want things to stay the same, or the people

407
00:25:56,880 --> 00:25:59,880
Speaker 2: who want coaches to still be able to why the kids. Yes,

408
00:26:00,040 --> 00:26:03,080
Speaker 2: because that's what we're talking about. A lot of college

409
00:26:03,080 --> 00:26:06,880
Speaker 2: football was built on coaches line to kids. That's it,

410
00:26:07,200 --> 00:26:08,320
Speaker 2: and now that.

411
00:26:08,280 --> 00:26:10,760
Speaker 1: Is what I'm gonna be here. I'm gonna be here.

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00:26:10,800 --> 00:26:13,960
Speaker 1: I'm committed. You need to be committed. We want people

413
00:26:14,000 --> 00:26:18,080
Speaker 1: to and then pop out out the door and.

414
00:26:18,080 --> 00:26:21,159
Speaker 2: Are we see you? We see you getting reps at

415
00:26:21,240 --> 00:26:24,080
Speaker 2: running back in year one when you know that they're

416
00:26:24,119 --> 00:26:27,120
Speaker 2: in a meeting talking about moving this kid to safety. Yes,

417
00:26:27,720 --> 00:26:30,240
Speaker 2: Like those are the levels of anything to get a

418
00:26:30,320 --> 00:26:34,639
Speaker 2: kid in the door, because coaches are financially incentivized to

419
00:26:34,880 --> 00:26:37,800
Speaker 2: lie to kids. If you can build a reputation as

420
00:26:37,800 --> 00:26:40,800
Speaker 2: a collector, you're gonna climb in this business. And if

421
00:26:40,800 --> 00:26:42,600
Speaker 2: you can build a reputation as a winner as a

422
00:26:42,600 --> 00:26:46,800
Speaker 2: head coach, you're gonna have generational money. You're incentivized to lie.

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Speaker 1: Yeah, it should.

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00:26:48,440 --> 00:26:50,240
Speaker 2: What we should what it should come down to is

425
00:26:50,240 --> 00:26:51,800
Speaker 2: we should be able to find out who the best

426
00:26:51,800 --> 00:26:54,919
Speaker 2: coaches are. You should always be about finding out who

427
00:26:54,960 --> 00:26:57,800
Speaker 2: the best coaches and developers are. And if you introduce

428
00:26:57,960 --> 00:27:01,800
Speaker 2: a legislated monetary amount the kids are getting, we're going

429
00:27:01,840 --> 00:27:05,000
Speaker 2: to find out who the best coaches are and the

430
00:27:05,040 --> 00:27:06,320
Speaker 2: best people are.

431
00:27:06,640 --> 00:27:11,000
Speaker 1: Yep. So now there's another component to this anti trust lawsuit,

432
00:27:11,040 --> 00:27:15,240
Speaker 1: which is who pays the money. So the way that

433
00:27:15,280 --> 00:27:18,720
Speaker 1: the Power five schools have all agreed to and yes,

434
00:27:18,760 --> 00:27:22,120
Speaker 1: the Power five because the PAC twelve is still counted

435
00:27:22,240 --> 00:27:23,960
Speaker 1: in this because it goes backwards.

436
00:27:25,400 --> 00:27:28,240
Speaker 2: They were like, hell, you're talking about all so we

437
00:27:28,480 --> 00:27:32,560
Speaker 2: just the letterman, know, we switch topics to the anti

438
00:27:32,600 --> 00:27:36,159
Speaker 2: trust lawsuit. That is like house versus the NG you're

439
00:27:36,200 --> 00:27:40,600
Speaker 2: talking about paying back people, yes, quota revenue stator and

440
00:27:40,640 --> 00:27:41,240
Speaker 2: in the future.

441
00:27:41,440 --> 00:27:44,320
Speaker 1: Yes, yeah, that's what we're talking about. Yeah. So there

442
00:27:44,400 --> 00:27:47,800
Speaker 1: are two hundred and eighty three schools that come from

443
00:27:47,960 --> 00:27:52,879
Speaker 1: the non Power five schools to the non Power five schools,

444
00:27:52,920 --> 00:27:56,359
Speaker 1: twenty two conferences and then there are the five conferences

445
00:27:57,400 --> 00:28:00,480
Speaker 1: plus Notre Dame and you know a couple other independence

446
00:28:00,480 --> 00:28:06,280
Speaker 1: So you're talking about sixty nine schools, and the proposal

447
00:28:06,480 --> 00:28:09,359
Speaker 1: was for those sixty nine schools to pay forty percent

448
00:28:09,440 --> 00:28:13,600
Speaker 1: of the bill of this two point eight billion dollars

449
00:28:13,640 --> 00:28:17,960
Speaker 1: two point seven two twenty eight billion dollars, while they

450
00:28:18,000 --> 00:28:21,639
Speaker 1: make ninety some percent of the money, like in between

451
00:28:21,640 --> 00:28:25,119
Speaker 1: eighty five and ninety percent of the money that is,

452
00:28:25,680 --> 00:28:28,840
Speaker 1: and the and so when the proposal came which they

453
00:28:28,840 --> 00:28:31,800
Speaker 1: were influencing, came out for them to pay forty percent

454
00:28:32,040 --> 00:28:34,560
Speaker 1: and then the other sixty percent to be paid by

455
00:28:34,600 --> 00:28:38,120
Speaker 1: the two eighty three who make a fraction of the money,

456
00:28:39,120 --> 00:28:42,840
Speaker 1: and it would be reduced by an equal percentage, like

457
00:28:42,960 --> 00:28:47,120
Speaker 1: point eighty eight percent for everybody. They were like, hell yeah,

458
00:28:47,240 --> 00:28:49,760
Speaker 1: hell yeah, hell yeah, sign us up, sign us up.

459
00:28:51,120 --> 00:28:53,720
Speaker 1: And they and the other twenty two conferences were like,

460
00:28:53,760 --> 00:28:56,920
Speaker 1: hell no, you pay fifty eight percent and we'll cover

461
00:28:57,000 --> 00:29:02,960
Speaker 1: the other forty two And it's funny, how and this

462
00:29:03,200 --> 00:29:05,400
Speaker 1: just goes to show how people act out of their

463
00:29:05,440 --> 00:29:10,280
Speaker 1: own self interest because when the college football playoff came

464
00:29:10,320 --> 00:29:13,640
Speaker 1: out and they were negotiating how much each conference was

465
00:29:13,720 --> 00:29:16,440
Speaker 1: going to get as far as making the playoff and

466
00:29:16,480 --> 00:29:18,040
Speaker 1: all of that, what if the big ten in the

467
00:29:18,080 --> 00:29:21,440
Speaker 1: SEC say oh, we should. We should do this by

468
00:29:22,040 --> 00:29:26,360
Speaker 1: historically we've made the most college football playoff appearances, so

469
00:29:26,400 --> 00:29:30,040
Speaker 1: we should get the most hypocrisy.

470
00:29:30,240 --> 00:29:30,960
Speaker 2: Oh my god.

471
00:29:31,560 --> 00:29:34,960
Speaker 1: And then just hitting me yeah, and now hitting me

472
00:29:35,000 --> 00:29:37,520
Speaker 1: that they played both sides of the fence. Yes. And

473
00:29:37,560 --> 00:29:41,880
Speaker 1: then and then the non Power five schools like Sincy, Oh,

474
00:29:41,960 --> 00:29:43,920
Speaker 1: you haven't really made it, so we'll give you a

475
00:29:44,000 --> 00:29:47,720
Speaker 1: fraction because you only contributed just a fraction to the

476
00:29:47,800 --> 00:29:51,000
Speaker 1: college football playoff. Oh but now when it comes time

477
00:29:51,040 --> 00:29:53,280
Speaker 1: to pay it back, Oh, listen, guys, this should be

478
00:29:53,360 --> 00:29:57,080
Speaker 1: equal point eight eight percent. The difference is is that

479
00:29:57,120 --> 00:29:59,880
Speaker 1: the SEC and the Big ten are having record rep

480
00:30:00,200 --> 00:30:07,400
Speaker 1: news and while the FCS conferences are saying, we're looking

481
00:30:07,440 --> 00:30:13,080
Speaker 1: at cutting ten percent of our budget to fund your

482
00:30:13,120 --> 00:30:22,600
Speaker 1: former players. So it's like the hypocrisy knows no bounds, Ralph,

483
00:30:23,200 --> 00:30:27,040
Speaker 1: the hypocrisy knows no bounds. Oh well, we need a

484
00:30:27,040 --> 00:30:29,840
Speaker 1: bigger share of the new money, but at the old money. Listen,

485
00:30:29,920 --> 00:30:33,640
Speaker 1: this should be equal. We're partners, right, and the and

486
00:30:33,680 --> 00:30:36,760
Speaker 1: the and the twenty two conferences are like no, but

487
00:30:36,840 --> 00:30:40,280
Speaker 1: the but the five are going to say yes. And

488
00:30:40,320 --> 00:30:42,280
Speaker 1: do you know what's going to happen. It is going

489
00:30:42,320 --> 00:30:43,200
Speaker 1: to be a yes.

490
00:30:43,920 --> 00:30:46,680
Speaker 2: Yeah, so you have the So the way that the

491
00:30:46,720 --> 00:30:49,240
Speaker 2: other twenty two conferences, like you said, two hundred and

492
00:30:49,240 --> 00:30:52,880
Speaker 2: eighty three teams, uh, like their view of this is,

493
00:30:53,440 --> 00:30:58,160
Speaker 2: first of all, like we're backdating money that we didn't

494
00:30:58,200 --> 00:31:01,440
Speaker 2: even make, and it's coming out to be about five

495
00:31:01,520 --> 00:31:04,640
Speaker 2: to six percent of our budget, while you're only paying

496
00:31:04,720 --> 00:31:07,040
Speaker 2: two percent of your budget and you make a lot

497
00:31:07,080 --> 00:31:11,240
Speaker 2: more money. So, and I understand why the sixty nine

498
00:31:11,280 --> 00:31:15,560
Speaker 2: schools that make up the Power five would say, no,

499
00:31:15,680 --> 00:31:19,880
Speaker 2: that's too much for us, because what the proposal from

500
00:31:19,920 --> 00:31:23,240
Speaker 2: the smaller schools was talking about was moving the bigger

501
00:31:23,240 --> 00:31:26,360
Speaker 2: schools from about a one million dollars a year obligation

502
00:31:26,720 --> 00:31:29,080
Speaker 2: to about one point four So it's a big bump,

503
00:31:29,080 --> 00:31:31,520
Speaker 2: it's about four hundred thousand dollars. But what the little

504
00:31:31,520 --> 00:31:35,120
Speaker 2: schools are saying is we're paying five to six percent

505
00:31:35,600 --> 00:31:39,640
Speaker 2: of our revenue. You're paying two. Make that make sense

506
00:31:40,000 --> 00:31:42,400
Speaker 2: when you guys are the ones historically that made the

507
00:31:42,400 --> 00:31:42,920
Speaker 2: most money.

508
00:31:43,080 --> 00:31:43,240
Speaker 1: Yep.

509
00:31:43,480 --> 00:31:46,600
Speaker 2: And and you're right, you're right, like the two hundred

510
00:31:46,600 --> 00:31:49,360
Speaker 2: and eighty three schools are going to get railroaded in

511
00:31:49,400 --> 00:31:52,400
Speaker 2: this because the majority of the revenue that comes in

512
00:31:53,320 --> 00:31:57,920
Speaker 2: goes through the power five. The funniest thing about all

513
00:31:57,960 --> 00:32:01,719
Speaker 2: of this to me is, you know, for Charlie Baker

514
00:32:01,840 --> 00:32:04,120
Speaker 2: to lead the effort to say, like, yeah, you know what,

515
00:32:04,240 --> 00:32:06,920
Speaker 2: based on these lawsuits that were getting crushed with, we

516
00:32:07,000 --> 00:32:10,560
Speaker 2: do need to have a revenue share model because everything

517
00:32:10,600 --> 00:32:12,960
Speaker 2: that we've ever accomplished is on the backs of the players.

518
00:32:13,000 --> 00:32:13,880
Speaker 2: How about two percent?

519
00:32:14,360 --> 00:32:18,040
Speaker 1: They could have done this so long that Ralph had

520
00:32:18,760 --> 00:32:22,600
Speaker 1: the old commissioner, just leaned into this instead of spending

521
00:32:22,600 --> 00:32:27,440
Speaker 1: one hundred million dollars litigating these things, just saying all right, dude,

522
00:32:27,480 --> 00:32:31,320
Speaker 1: we're in trouble. It's a long shot. We're like that,

523
00:32:31,760 --> 00:32:35,040
Speaker 1: let's figure out a new model. Because they could have

524
00:32:35,080 --> 00:32:38,360
Speaker 1: actually had a model that was in place that would

525
00:32:38,360 --> 00:32:42,560
Speaker 1: have lasted another probably ten fifteen years before that got

526
00:32:42,560 --> 00:32:44,440
Speaker 1: blown up ten.

527
00:32:44,320 --> 00:32:47,560
Speaker 2: Years ago when we were talking about trust funds y'all.

528
00:32:47,640 --> 00:32:49,760
Speaker 2: How how much do you think that would have delayed

529
00:32:49,760 --> 00:32:50,480
Speaker 2: this process?

530
00:32:50,560 --> 00:32:55,920
Speaker 1: Oh? My yea as much dude, it would have put Yeah,

531
00:32:56,080 --> 00:32:59,440
Speaker 1: such a yep, dude, you put this is such a

532
00:32:59,680 --> 00:33:00,640
Speaker 1: lose move.

533
00:33:01,360 --> 00:33:04,240
Speaker 2: Yeah, you could have put escalators in place for spending

534
00:33:04,280 --> 00:33:07,240
Speaker 2: three to four years at a school for getting your degree.

535
00:33:06,960 --> 00:33:09,000
Speaker 1: And it would have cost you way less money.

536
00:33:09,640 --> 00:33:11,920
Speaker 2: Way letna drop all that money on them when they

537
00:33:11,920 --> 00:33:14,520
Speaker 2: were twenty three or painted over a graduated. You're in

538
00:33:14,520 --> 00:33:16,840
Speaker 2: a twenty three to twenty seven years old.

539
00:33:17,080 --> 00:33:20,720
Speaker 1: The NFL literally does this when they are negotiating the

540
00:33:20,800 --> 00:33:24,440
Speaker 1: collective bargaining agreement because there are over two thousand players. Yes,

541
00:33:24,480 --> 00:33:26,440
Speaker 1: there are the guys who make one hundred million, but

542
00:33:26,480 --> 00:33:29,480
Speaker 1: the vast majority of the players are at a medium

543
00:33:30,080 --> 00:33:34,440
Speaker 1: or below level. So if you raise up their salaries

544
00:33:34,520 --> 00:33:37,440
Speaker 1: a lot, which is gonna cost you way less than

545
00:33:37,520 --> 00:33:40,640
Speaker 1: the top money, then those guys are going to vote yes,

546
00:33:40,880 --> 00:33:44,440
Speaker 1: even if you're creating subpart like we talked about the

547
00:33:44,560 --> 00:33:46,760
Speaker 1: NFL schedule, which you guys should go check out that

548
00:33:46,920 --> 00:33:51,640
Speaker 1: video and how unequitable it is for the NFL and

549
00:33:51,720 --> 00:33:53,719
Speaker 1: bad for the player's health and all of that stuff.

550
00:33:53,960 --> 00:33:56,960
Speaker 1: But they agreed to it and are gonna get eighteen

551
00:33:57,040 --> 00:34:01,840
Speaker 1: games soon without another bye week, probably because they raised

552
00:34:02,200 --> 00:34:06,240
Speaker 1: this salaries. And then the people at the bottom they're like, ooh,

553
00:34:06,280 --> 00:34:08,319
Speaker 1: I get a chance to collect more money now, and

554
00:34:08,360 --> 00:34:11,080
Speaker 1: they're not looking at the big picture because they're not

555
00:34:11,160 --> 00:34:15,840
Speaker 1: a part of the long term solution. So that's what

556
00:34:15,960 --> 00:34:19,600
Speaker 1: that they should have done. From the beginning. Okay, so

557
00:34:19,719 --> 00:34:27,120
Speaker 1: now that the NCAA antitrust awsuit, but now there's another Well,

558
00:34:28,520 --> 00:34:33,520
Speaker 1: there's another part that's factoring into this, which is there's

559
00:34:33,560 --> 00:34:35,719
Speaker 1: a name that you may want on Google, but we'll

560
00:34:35,719 --> 00:34:38,320
Speaker 1: tell you who this guy is. His name is Drew Weatherford,

561
00:34:40,200 --> 00:34:43,239
Speaker 1: and this guy has been having conversations in private with

562
00:34:43,360 --> 00:34:47,920
Speaker 1: over fifty athletic directors and power brokers in college football

563
00:34:48,239 --> 00:34:52,120
Speaker 1: about private equity money. And you're like, George, how does

564
00:34:52,160 --> 00:34:55,920
Speaker 1: this factor into this? Well, remember a few years ago

565
00:34:56,000 --> 00:35:00,239
Speaker 1: when the PAC twelve was trying to find it of

566
00:35:00,280 --> 00:35:04,680
Speaker 1: the Larry Michael Scott. Larry Scott, the commissioner at PAC twelve,

567
00:35:04,719 --> 00:35:07,120
Speaker 1: was like, listen, we're gonna own all our rights. We're

568
00:35:07,160 --> 00:35:10,160
Speaker 1: not gonna sell them. We're not gonna give somebody fifty percent.

569
00:35:10,239 --> 00:35:13,279
Speaker 1: We're gonna own all our own stuff. Well that was

570
00:35:13,320 --> 00:35:16,440
Speaker 1: a screw up. And then once he realized that, he

571
00:35:16,520 --> 00:35:19,320
Speaker 1: was like, ooh, maybe maybe we'll go get private equity money.

572
00:35:20,680 --> 00:35:24,319
Speaker 1: And so that's really where the first time that it

573
00:35:24,440 --> 00:35:28,000
Speaker 1: came out in the in the media. Then Florida State

574
00:35:28,040 --> 00:35:31,440
Speaker 1: trying to get out of their acc granted rights, private

575
00:35:31,480 --> 00:35:35,239
Speaker 1: equity money came into effect. So We've been slowly hearing this,

576
00:35:35,719 --> 00:35:37,920
Speaker 1: but now it came out that this is happening. So

577
00:35:38,040 --> 00:35:41,560
Speaker 1: this is just a feeler to see how this is

578
00:35:41,560 --> 00:35:43,920
Speaker 1: gonna work for people to investigate it, because the schools

579
00:35:43,920 --> 00:35:47,120
Speaker 1: have already been looking at this so and they're looking

580
00:35:47,160 --> 00:35:51,319
Speaker 1: to invest fifty to two hundred million dollars into what's

581
00:35:51,320 --> 00:35:54,480
Speaker 1: say five to ten programs or something like that. So

582
00:35:54,560 --> 00:35:58,960
Speaker 1: what this means is private equity money. That's Wall Street money.

583
00:35:59,000 --> 00:36:03,799
Speaker 1: That is that is like private equity is about returns.

584
00:36:03,960 --> 00:36:07,840
Speaker 1: I belong to a private equity group, an invest in group,

585
00:36:08,120 --> 00:36:12,360
Speaker 1: and you know what I care about money. I want

586
00:36:12,520 --> 00:36:16,120
Speaker 1: my returns on the back end. So you know what

587
00:36:16,120 --> 00:36:19,080
Speaker 1: that means. That means that these athletic departments that you

588
00:36:19,120 --> 00:36:23,560
Speaker 1: guys want to be happy, go lucky. Let's let's amateurism. Nah, bro,

589
00:36:23,719 --> 00:36:28,160
Speaker 1: that's big boy business. Now, Like that's even the literally.

590
00:36:27,719 --> 00:36:30,160
Speaker 2: The thing that you've been pushing back against this entire time.

591
00:36:30,239 --> 00:36:33,839
Speaker 1: Yes, this is big boy money. That's not even like that.

592
00:36:34,160 --> 00:36:37,200
Speaker 1: It takes what the business of the better call saw

593
00:36:37,320 --> 00:36:42,680
Speaker 1: episode now and can exes it because as an investor,

594
00:36:42,800 --> 00:36:45,600
Speaker 1: I don't care about I don't care about the coach

595
00:36:45,800 --> 00:36:47,319
Speaker 1: because a lot of them aren't going to be college

596
00:36:47,320 --> 00:36:49,680
Speaker 1: football people like that, like, oh, it's in my heart.

597
00:36:50,000 --> 00:36:55,319
Speaker 1: They are invested in returns. So so now if I

598
00:36:55,360 --> 00:36:58,760
Speaker 1: am invested into an athletic department one hundred two hundred

599
00:36:58,800 --> 00:37:01,360
Speaker 1: million dollars, I get a huge say so. So that

600
00:37:01,480 --> 00:37:03,600
Speaker 1: means I get to say so on who the coach

601
00:37:03,719 --> 00:37:06,960
Speaker 1: is and what that contract looks like. So if we

602
00:37:07,040 --> 00:37:13,160
Speaker 1: are hiring let's say over it over at LSU, we're

603
00:37:13,239 --> 00:37:16,200
Speaker 1: hiring Brian Kelly. He's got one hundred million dollar contract,

604
00:37:16,440 --> 00:37:19,880
Speaker 1: two million dollar buyout if he leaves. There is not

605
00:37:20,000 --> 00:37:24,960
Speaker 1: a snowballs chance in hell that if private equity money

606
00:37:24,960 --> 00:37:28,480
Speaker 1: comes in that coaches contracts are going to look like

607
00:37:28,520 --> 00:37:31,640
Speaker 1: they look with these buyouts where they're one sided. Because

608
00:37:31,680 --> 00:37:33,640
Speaker 1: I know for my money and I know the people

609
00:37:33,680 --> 00:37:36,200
Speaker 1: that I work with, they're gonna give a giant middle

610
00:37:36,280 --> 00:37:39,400
Speaker 1: finger and be like, listen, we fire you because you

611
00:37:39,440 --> 00:37:42,800
Speaker 1: ain't doing your job. Ain't not a nine dollar we

612
00:37:43,040 --> 00:37:46,520
Speaker 1: paying you, fam or it is gonna be a nominal buyout.

613
00:37:47,680 --> 00:37:51,080
Speaker 1: So you're gonna have coaches contract change. You are going

614
00:37:51,160 --> 00:37:58,680
Speaker 1: to have the spending on non essential functions go down,

615
00:37:58,920 --> 00:38:00,799
Speaker 1: like it is going to be run like a.

616
00:38:01,239 --> 00:38:04,400
Speaker 2: Business your recruiting budget's gonna drop.

617
00:38:04,520 --> 00:38:07,520
Speaker 1: Like or or it'll stay the same if you're able

618
00:38:07,600 --> 00:38:12,440
Speaker 1: to justify, like, if you can show why this turns

619
00:38:12,480 --> 00:38:15,560
Speaker 1: into this, then you can get all the money in

620
00:38:15,560 --> 00:38:17,719
Speaker 1: the world. Like, if you can show me how if

621
00:38:17,760 --> 00:38:20,560
Speaker 1: I spend an extra half a million dollars a year,

622
00:38:20,600 --> 00:38:23,840
Speaker 1: that this turns into two million dollars a year in

623
00:38:23,880 --> 00:38:27,279
Speaker 1: an additional revenue, or even a million a million and

624
00:38:27,320 --> 00:38:30,120
Speaker 1: a half, which would be incredible, or even a million.

625
00:38:30,840 --> 00:38:33,240
Speaker 1: Now okay, cool, if you can generate me an extra

626
00:38:33,280 --> 00:38:35,960
Speaker 1: million for my half million, sign me up.

627
00:38:36,760 --> 00:38:40,200
Speaker 2: But I would I would rather, I would much, rather,

628
00:38:40,880 --> 00:38:44,560
Speaker 2: much rather. For the equity thing, yes, there are some

629
00:38:44,640 --> 00:38:47,600
Speaker 2: people that are concerned with returns George, but they're also

630
00:38:47,840 --> 00:38:52,360
Speaker 2: there's also private equity that isn't not concerned as much

631
00:38:52,520 --> 00:38:55,840
Speaker 2: with returns. And that's the one that scares me. What

632
00:38:55,880 --> 00:38:58,680
Speaker 2: do you mean, like, were gonna invite the Saudi prints

633
00:38:58,719 --> 00:39:06,920
Speaker 2: into the sec Ooh you think live golf is getting returns? Like,

634
00:39:07,680 --> 00:39:10,680
Speaker 2: and what's going to stop some of these colleges from saying, like, no, no,

635
00:39:10,840 --> 00:39:13,520
Speaker 2: let's just go get the most money we possibly can't.

636
00:39:13,680 --> 00:39:18,320
Speaker 2: I would rather the sixty nine top schools go public.

637
00:39:19,040 --> 00:39:23,879
Speaker 2: I would rather them just be able to. I would

638
00:39:23,960 --> 00:39:27,439
Speaker 2: rather the rules change as far as athletic budgets where

639
00:39:27,440 --> 00:39:30,160
Speaker 2: you don't where it doesn't necessarily have to be dollar in,

640
00:39:30,239 --> 00:39:33,120
Speaker 2: dollar out, and they were able to if if I

641
00:39:33,200 --> 00:39:37,800
Speaker 2: was able to buy one hundred shares of Vanderbilt Baseball

642
00:39:38,200 --> 00:39:41,040
Speaker 2: or something like that, or Vanderbilt Athletics. Right, I'm able

643
00:39:41,080 --> 00:39:43,359
Speaker 2: to buy one hundred shares of Vanderbilt Athletics. I'm now

644
00:39:43,400 --> 00:39:46,880
Speaker 2: a Vanderbilt Athletics stockholder, so it's not private equity, but

645
00:39:47,000 --> 00:39:52,440
Speaker 2: you actually trade on a collegiate athletics stock market. And

646
00:39:52,760 --> 00:39:55,719
Speaker 2: that can be affected by like the way that that

647
00:39:55,800 --> 00:40:00,000
Speaker 2: a school recruits, the way that a school wins, or

648
00:40:00,120 --> 00:40:03,440
Speaker 2: it could be affected by the deals they signed with

649
00:40:03,480 --> 00:40:07,000
Speaker 2: apparel companies, the amount of merchandise that they move. If

650
00:40:07,000 --> 00:40:09,960
Speaker 2: we're going to take this thing like and put it

651
00:40:10,000 --> 00:40:12,000
Speaker 2: on the marketplace, let's just put it all the way

652
00:40:12,040 --> 00:40:12,839
Speaker 2: on the marketplace.

653
00:40:15,760 --> 00:40:20,800
Speaker 1: It definitely would Man, it would be a very different scenario, dude,

654
00:40:21,120 --> 00:40:24,160
Speaker 1: very different scenario. But it's people that.

655
00:40:24,120 --> 00:40:26,560
Speaker 2: Don't know what Oregon how much? How much would you

656
00:40:26,600 --> 00:40:30,040
Speaker 2: go deep in on Oregon if Oregon was publicly traded.

657
00:40:30,760 --> 00:40:33,879
Speaker 1: Oh Man, because the the future is bright. Dude. If

658
00:40:33,920 --> 00:40:35,960
Speaker 1: this was a stock, I would have bought it when

659
00:40:36,000 --> 00:40:38,880
Speaker 1: I was playing. I would have bought it when it

660
00:40:38,960 --> 00:40:42,880
Speaker 1: was a penny stock, and it would be worth hundreds

661
00:40:42,880 --> 00:40:47,360
Speaker 1: of dollars now, so I would own I would be

662
00:40:47,400 --> 00:40:48,879
Speaker 1: a very very rich man.

663
00:40:49,480 --> 00:40:51,960
Speaker 2: So what about that though? What about taking it public

664
00:40:52,040 --> 00:40:55,520
Speaker 2: and giving your players stock options so that they're actually

665
00:40:55,560 --> 00:40:57,440
Speaker 2: invested in your college program?

666
00:40:57,480 --> 00:41:00,680
Speaker 1: Oh my gosh, and use it, yes, so like you

667
00:41:00,760 --> 00:41:04,640
Speaker 1: get stock options the longer that you stay there, or

668
00:41:04,680 --> 00:41:07,799
Speaker 1: as bonuses and stuff like that. Yep, that would put

669
00:41:07,800 --> 00:41:10,719
Speaker 1: you in that Dan Landing category because he got it.

670
00:41:10,800 --> 00:41:13,680
Speaker 2: I take all this over private equity. And for the

671
00:41:13,680 --> 00:41:17,120
Speaker 2: people who don't know. Drew Weatherford, former Florida State quarterback

672
00:41:17,719 --> 00:41:20,920
Speaker 2: thirty nine touchdowns, thirty two interceptions, was he was in

673
00:41:20,960 --> 00:41:24,440
Speaker 2: college just after you, just after you. He was in college,

674
00:41:24,760 --> 00:41:29,399
Speaker 2: and he, you know, he formed this private equity group

675
00:41:29,440 --> 00:41:34,160
Speaker 2: with his brother, and you know, we're familiar with it

676
00:41:34,200 --> 00:41:36,279
Speaker 2: because Larry Scott had said that he wanted to sell

677
00:41:36,280 --> 00:41:39,120
Speaker 2: off ten percent of the PAC twelve for like fifty

678
00:41:39,160 --> 00:41:41,080
Speaker 2: million or whatever, and he was never able to get

679
00:41:41,120 --> 00:41:43,560
Speaker 2: that done. But I do wonder what the interest in

680
00:41:43,680 --> 00:41:46,960
Speaker 2: market would be to just take this whole thing public,

681
00:41:47,080 --> 00:41:53,759
Speaker 2: Like you could see the interest in major collegiate athletics

682
00:41:53,920 --> 00:41:58,360
Speaker 2: through how people are choosing to invest in them and

683
00:41:59,080 --> 00:42:02,759
Speaker 2: the successful pros, their stock would be higher, and that

684
00:42:02,760 --> 00:42:06,600
Speaker 2: could actually help influence recruiting because to get stock options

685
00:42:06,640 --> 00:42:09,799
Speaker 2: in Alabama would be a lot, you know, better than

686
00:42:09,920 --> 00:42:13,080
Speaker 2: stock options in like a Maryland or something like that.

687
00:42:13,200 --> 00:42:17,880
Speaker 1: No offense to Maryland, and now square all of everything

688
00:42:17,880 --> 00:42:20,480
Speaker 1: that you say, Ralph on top of all of that,

689
00:42:22,000 --> 00:42:26,760
Speaker 1: and the people who are like, oh, goege football, the nostalgia,

690
00:42:26,920 --> 00:42:30,640
Speaker 1: the the the people being invested in it, why are

691
00:42:30,640 --> 00:42:34,120
Speaker 1: the players not invested in because everybody else is treating

692
00:42:34,120 --> 00:42:37,399
Speaker 1: it like a business, and so the players are like,

693
00:42:37,960 --> 00:42:42,799
Speaker 1: we're the goofies for still pretending like it is how

694
00:42:42,840 --> 00:42:47,600
Speaker 1: it was. So now there's a pushback, and especially when

695
00:42:47,680 --> 00:42:51,960
Speaker 1: you look up at the news. Seven hundred million dollars

696
00:42:54,239 --> 00:43:00,759
Speaker 1: Penn State seven hundred million dollars invested into an upgrade

697
00:43:00,840 --> 00:43:04,919
Speaker 1: of Beaver Stadium. So if you're a player and you're

698
00:43:04,920 --> 00:43:08,640
Speaker 1: at Penn State and they're like, oh, there's no money,

699
00:43:08,760 --> 00:43:12,120
Speaker 1: or you're a player at other and you see a

700
00:43:12,200 --> 00:43:15,360
Speaker 1: three hundred million dollars stadium, upgrade at Texas A and

701
00:43:15,480 --> 00:43:20,360
Speaker 1: M plus booster money going up and everything else, enrollment everything,

702
00:43:21,239 --> 00:43:24,240
Speaker 1: Why the hell are you not when you are Johnny

703
00:43:24,239 --> 00:43:27,720
Speaker 1: Manziel or you are a or you are at Penn State.

704
00:43:27,760 --> 00:43:30,560
Speaker 1: And if drew all their balls out this year and

705
00:43:30,600 --> 00:43:34,640
Speaker 1: decides not to go to the NFL, if he's like, nah, bro,

706
00:43:34,680 --> 00:43:39,320
Speaker 1: I need like three million dollars about you, fam like

707
00:43:39,640 --> 00:43:43,400
Speaker 1: or the the other first round picks are like, I'm

708
00:43:43,400 --> 00:43:45,120
Speaker 1: gonna neath that bread up about you. I don't know

709
00:43:45,160 --> 00:43:47,719
Speaker 1: what to tell you otherwise I'm out of here. And

710
00:43:47,880 --> 00:43:51,240
Speaker 1: people look at that and they're saying, there's something wrong

711
00:43:51,280 --> 00:43:54,360
Speaker 1: with the player. But it's not anything wrong with the player,

712
00:43:54,440 --> 00:43:59,560
Speaker 1: because you at your job if you know that, even

713
00:43:59,560 --> 00:44:01,799
Speaker 1: though you love your job, you're happy with your job.

714
00:44:01,920 --> 00:44:08,080
Speaker 1: If you bring in a contract or a deal, help

715
00:44:08,120 --> 00:44:10,759
Speaker 1: bring it in and you're a significant part of that,

716
00:44:12,239 --> 00:44:16,240
Speaker 1: and it's a seven hundred million dollar deal for the company,

717
00:44:17,000 --> 00:44:20,919
Speaker 1: and they give you and they not even not even

718
00:44:21,000 --> 00:44:24,279
Speaker 1: acknowledging it. They're like, hey, yo, we're gonna give you

719
00:44:24,280 --> 00:44:27,840
Speaker 1: a couple of extra steaks at dinner time. You're like,

720
00:44:29,160 --> 00:44:33,960
Speaker 1: I'm happy with the steaks. School I appreciate that, but uh,

721
00:44:34,400 --> 00:44:39,279
Speaker 1: where to check at though, because you can't feed like

722
00:44:39,920 --> 00:44:42,640
Speaker 1: the trail three way. I can't feed my family on

723
00:44:42,680 --> 00:44:51,000
Speaker 1: this money, bro. So I mean, and this is going

724
00:44:51,040 --> 00:44:53,480
Speaker 1: on all over the country because there's an there was

725
00:44:53,560 --> 00:44:59,600
Speaker 1: that arms race to upgrade facilities all over the country, right,

726
00:45:00,719 --> 00:45:02,799
Speaker 1: and then players and then they're like, there's not enough

727
00:45:02,840 --> 00:45:04,719
Speaker 1: money to pay the players. Our coach is getting one

728
00:45:04,760 --> 00:45:07,680
Speaker 1: hundred million dollars or eighty million dollars, seventy million dollars,

729
00:45:08,040 --> 00:45:11,960
Speaker 1: hundreds of million dollars upgrade. Yeah, but but but my

730
00:45:12,280 --> 00:45:18,160
Speaker 1: parent is getting a bill for a medical procedure that

731
00:45:18,280 --> 00:45:24,439
Speaker 1: I had while I'm at school, or my wisdom teeth

732
00:45:24,520 --> 00:45:27,320
Speaker 1: being pulled. How that makes sense?

733
00:45:28,640 --> 00:45:31,359
Speaker 2: Yeah, and it's it's crazy to me. And I used

734
00:45:31,360 --> 00:45:32,719
Speaker 2: to get in trouble all the time when I was

735
00:45:32,800 --> 00:45:34,960
Speaker 2: like on the Arizona State beat because they went underwent

736
00:45:35,040 --> 00:45:38,320
Speaker 2: a four hundred million dollar, four year stadium upgrade.

737
00:45:38,440 --> 00:45:38,720
Speaker 1: Yeah.

738
00:45:38,760 --> 00:45:40,880
Speaker 2: And I used to say, all people care about is

739
00:45:40,920 --> 00:45:42,960
Speaker 2: they don't want to piss in a trough and they

740
00:45:43,000 --> 00:45:44,680
Speaker 2: want to be able to tinker around on their phones

741
00:45:44,680 --> 00:45:45,560
Speaker 2: when they're in the stadium.

742
00:45:45,680 --> 00:45:45,839
Speaker 1: Yep.

743
00:45:45,920 --> 00:45:49,000
Speaker 2: Make sure people could get a good sci fi yep. Yeah,

744
00:45:49,040 --> 00:45:51,400
Speaker 2: make sure people have access to bathrooms that don't make

745
00:45:51,440 --> 00:45:54,719
Speaker 2: them feel gross, and if you can, if you can

746
00:45:55,239 --> 00:45:57,640
Speaker 2: come around to maybe selling some alcohol in the stadium

747
00:45:57,640 --> 00:45:59,520
Speaker 2: so your students don't leave to go to Mill Avenue

748
00:45:59,800 --> 00:46:05,320
Speaker 2: and then come back, and instead they make the entire

749
00:46:05,560 --> 00:46:08,840
Speaker 2: place super fancy. They say that it's going to be

750
00:46:08,920 --> 00:46:10,799
Speaker 2: multi use, even though I think the only content that's

751
00:46:10,840 --> 00:46:14,560
Speaker 2: ever been there is Kanye West Sunday Service, and they

752
00:46:14,560 --> 00:46:16,480
Speaker 2: say that it's going to be multi use. They invest

753
00:46:16,560 --> 00:46:19,440
Speaker 2: all this money into this thing and then like, no,

754
00:46:19,480 --> 00:46:23,360
Speaker 2: we don't want to pay players. So you invested in

755
00:46:23,400 --> 00:46:26,400
Speaker 2: your fans wanting to be more comfortable, which you're never

756
00:46:26,440 --> 00:46:28,120
Speaker 2: going to be comfortable in that stateium. It's one hundred

757
00:46:28,120 --> 00:46:31,480
Speaker 2: and fifty degrees outside. So you invest all this energy

758
00:46:31,800 --> 00:46:35,919
Speaker 2: in your fans being more comfortable. Yet every single thing

759
00:46:35,960 --> 00:46:39,799
Speaker 2: that you and every college in the country does is

760
00:46:39,920 --> 00:46:42,880
Speaker 2: actually to bow to the god of television.

761
00:46:43,360 --> 00:46:43,600
Speaker 1: YEP.

762
00:46:44,280 --> 00:46:46,839
Speaker 2: A lot of these upgrades to stadiums that have been

763
00:46:46,880 --> 00:46:51,360
Speaker 2: made aren't even necessary because every school has been doing

764
00:46:51,440 --> 00:46:55,279
Speaker 2: everything they could to be more attractive to TV stations,

765
00:46:55,600 --> 00:46:59,680
Speaker 2: and they are actually neglecting what the fans actually want,

766
00:47:00,040 --> 00:47:03,200
Speaker 2: are neglecting the game day experience. Because if you can

767
00:47:03,239 --> 00:47:05,440
Speaker 2: get a giant check for your game being on TV,

768
00:47:05,760 --> 00:47:09,000
Speaker 2: you're not worried about every single seat being sold out

769
00:47:09,440 --> 00:47:12,799
Speaker 2: every single night. And you're also not worried about people

770
00:47:12,840 --> 00:47:15,480
Speaker 2: being able to make plans or take their kids to games.

771
00:47:15,840 --> 00:47:19,000
Speaker 2: You got packed twelve schools kicking off at eight thirty pm. George,

772
00:47:19,040 --> 00:47:20,560
Speaker 2: How am I gonna take my kids to a game

773
00:47:20,600 --> 00:47:22,200
Speaker 2: at eight thirty when they're bedtimes nine?

774
00:47:23,200 --> 00:47:26,319
Speaker 1: Hey man, you you better let your kids stay up late.

775
00:47:26,560 --> 00:47:30,480
Speaker 1: That's all I tell you. During football season.

776
00:47:30,920 --> 00:47:34,479
Speaker 2: Everything they do has been in service to the God

777
00:47:34,520 --> 00:47:36,640
Speaker 2: of Maam and to get that money and it comes

778
00:47:36,680 --> 00:47:39,839
Speaker 2: from the you know, it comes from TV. And then

779
00:47:39,880 --> 00:47:41,400
Speaker 2: on the on the other end, you're trying to make

780
00:47:41,440 --> 00:47:44,960
Speaker 2: people happy that invest in your program by saying we're

781
00:47:44,960 --> 00:47:47,600
Speaker 2: gonna give you comfortable digs to sit in, but we're

782
00:47:47,640 --> 00:47:51,200
Speaker 2: not gonna respect you with trying to have consistent kickoff

783
00:47:51,200 --> 00:47:53,399
Speaker 2: times and stuff. A lot of how the NFL got

784
00:47:53,480 --> 00:47:56,320
Speaker 2: very very popular because expectations were set. I know the

785
00:47:56,400 --> 00:47:58,320
Speaker 2: NFL is moving away from that. They got all the

786
00:47:58,360 --> 00:48:01,160
Speaker 2: money in the world to play with. College are crying broke.

787
00:48:01,560 --> 00:48:02,960
Speaker 2: They'll tell us they don't have the money. And at

788
00:48:02,960 --> 00:48:05,000
Speaker 2: the same time we're reading these headlines. Beaver Stadium is

789
00:48:05,000 --> 00:48:08,080
Speaker 2: gonna get seven hundred million dollars if used into it.

790
00:48:08,520 --> 00:48:11,040
Speaker 2: The whole thing is crazy. If all you ever read

791
00:48:11,200 --> 00:48:13,920
Speaker 2: is headlines about how there's hundreds of millions of dollars

792
00:48:13,960 --> 00:48:16,800
Speaker 2: coming in and you're the product, you're the player speaker

793
00:48:17,120 --> 00:48:18,719
Speaker 2: supposed to do exactly.

794
00:48:18,880 --> 00:48:21,680
Speaker 1: And speaking of one hundred million dollar headlines coming in,

795
00:48:22,520 --> 00:48:27,719
Speaker 1: we found out that TNT is now going to broadcast

796
00:48:28,000 --> 00:48:31,480
Speaker 1: multiple college football playoff games and you're like, wait, hold up,

797
00:48:31,640 --> 00:48:36,080
Speaker 1: hold up, I thought ESPN bought those rights. Yes, ESPN did,

798
00:48:36,440 --> 00:48:39,719
Speaker 1: and they got smart. They were like, oh, because they're

799
00:48:39,800 --> 00:48:42,440
Speaker 1: because them and Fox are actually combining on an app

800
00:48:42,520 --> 00:48:47,160
Speaker 1: and all of this stuff. They were like, oh, we

801
00:48:47,200 --> 00:48:50,080
Speaker 1: can sub this out to people like TNT who pay

802
00:48:50,120 --> 00:48:53,000
Speaker 1: big money for college sports. They already do it for

803
00:48:53,040 --> 00:48:56,080
Speaker 1: the NCAA tournament and they see a major return. So

804
00:48:56,120 --> 00:48:59,560
Speaker 1: they're like, oh, yeah, let's get into that business. You're

805
00:48:59,600 --> 00:49:03,799
Speaker 1: gonna have Netflix or Apple. I'm gonna tell you in

806
00:49:03,880 --> 00:49:09,600
Speaker 1: the next ten years. Netflix which has three NFL Christmas

807
00:49:09,640 --> 00:49:14,960
Speaker 1: Day games coming up. Netflix, which is trying to get

808
00:49:15,000 --> 00:49:18,879
Speaker 1: into live programming. They just had two live programs with

809
00:49:19,000 --> 00:49:23,320
Speaker 1: Tom Brady and then with Kat Williams. Those were testers.

810
00:49:23,120 --> 00:49:26,120
Speaker 1: That is all they were about. It was not about

811
00:49:26,719 --> 00:49:30,279
Speaker 1: anything else besides that being a test because they got

812
00:49:30,280 --> 00:49:33,920
Speaker 1: to figure out if people will watch and how to

813
00:49:34,000 --> 00:49:37,880
Speaker 1: support live sports. Apple wants in They already got the

814
00:49:38,040 --> 00:49:43,480
Speaker 1: MLS and Major League Baseball on Fridays. They want in

815
00:49:43,520 --> 00:49:49,720
Speaker 1: this more. They want all in it. And that means

816
00:49:49,800 --> 00:49:53,840
Speaker 1: that that's going to happen because they got more money

817
00:49:55,120 --> 00:50:00,319
Speaker 1: and the college football Playoff, whether it's that, oh those

818
00:50:00,360 --> 00:50:03,640
Speaker 1: networks is going to get and then you got Amazon

819
00:50:03,680 --> 00:50:06,879
Speaker 1: for the NFL exclusive streaming on what's that Thursday nights.

820
00:50:07,560 --> 00:50:09,960
Speaker 1: You are going to have one of these leagues be

821
00:50:10,520 --> 00:50:17,719
Speaker 1: their primary place be on Netflix or Apple TV in

822
00:50:17,800 --> 00:50:21,560
Speaker 1: the next ten years, probably in the next seven years yep.

823
00:50:21,360 --> 00:50:23,400
Speaker 2: Which is what the PAC twelve thought would save them

824
00:50:23,440 --> 00:50:25,040
Speaker 2: as if they jumped over to Apple TV.

825
00:50:25,600 --> 00:50:28,680
Speaker 1: Yep, And it probably would, and it would have if

826
00:50:28,880 --> 00:50:32,520
Speaker 1: USC and UCLA had had stayed, it would have worked.

827
00:50:33,400 --> 00:50:36,520
Speaker 1: They would have been ahead of the curve and then

828
00:50:36,800 --> 00:50:39,600
Speaker 1: on the like it would have been the Larry Scott

829
00:50:39,600 --> 00:50:42,160
Speaker 1: where it would have actually worked on the back end,

830
00:50:42,600 --> 00:50:46,800
Speaker 1: but not on the front end. All right. So the

831
00:50:47,440 --> 00:50:50,000
Speaker 1: final thing that we got to talk about today is

832
00:50:50,080 --> 00:50:54,960
Speaker 1: the staying on the business of sports. So the ACC Ralph,

833
00:50:55,480 --> 00:50:59,120
Speaker 1: the ACC implosion, which we've been trying to get in

834
00:50:59,239 --> 00:51:05,040
Speaker 1: for a couple of weeks. This feels like the PAC

835
00:51:05,120 --> 00:51:08,879
Speaker 1: twelve enplosure, where people wanted to deny it. They were like, oh,

836
00:51:08,880 --> 00:51:14,879
Speaker 1: there's no way, and whole time if schools are continuing

837
00:51:14,960 --> 00:51:20,040
Speaker 1: to invest in this legally and their smoke private equity meetings,

838
00:51:20,239 --> 00:51:23,680
Speaker 1: all of this stuff, there's fire. It's happening. It's just

839
00:51:23,719 --> 00:51:27,600
Speaker 1: a matter of what it looks like. And they're trying

840
00:51:27,640 --> 00:51:29,640
Speaker 1: to see whether it's going to be legally that they're

841
00:51:29,640 --> 00:51:31,280
Speaker 1: gonna be able to get out and get their granted

842
00:51:31,360 --> 00:51:35,080
Speaker 1: rights like Florida State, Clemson, all of them, and that

843
00:51:35,320 --> 00:51:37,799
Speaker 1: man if Florida State and Clemson get out first, or

844
00:51:37,880 --> 00:51:42,200
Speaker 1: Virginia or whoever else is named in these lawsuits, you're

845
00:51:42,239 --> 00:51:45,560
Speaker 1: in a PAC twelve situation because they signed a horrendous

846
00:51:45,600 --> 00:51:49,040
Speaker 1: deal with ESPN, and ESPN is like, we're not giving

847
00:51:49,080 --> 00:51:52,799
Speaker 1: you extra money to like, because we can just do

848
00:51:52,960 --> 00:51:55,840
Speaker 1: what Fox did with the PAC twelve. Break this whole

849
00:51:55,840 --> 00:51:59,400
Speaker 1: thing up, take it and put it in other places,

850
00:52:00,239 --> 00:52:09,320
Speaker 1: and now we can maneuver this in a different way man.

851
00:52:11,000 --> 00:52:15,000
Speaker 2: So the we knew that Clemson was unhappy because they

852
00:52:15,040 --> 00:52:20,240
Speaker 2: had traditionally been a powerhouse. Yeah, we knew that Florida

853
00:52:20,239 --> 00:52:24,000
Speaker 2: State was unhappy because they consider themselves to be the

854
00:52:24,040 --> 00:52:28,239
Speaker 2: traditional cornerstone of the ACC. Correct, And then you know

855
00:52:28,360 --> 00:52:32,120
Speaker 2: they turn around with thirteen to zero in football before

856
00:52:32,360 --> 00:52:34,960
Speaker 2: you know, getting blasted by Georgia last year and prove

857
00:52:35,080 --> 00:52:37,759
Speaker 2: that to be possibly still correct. They also have the

858
00:52:37,800 --> 00:52:40,640
Speaker 2: twenty fourteen I believe National championship with Jimbo right yep.

859
00:52:40,840 --> 00:52:45,640
Speaker 2: So those two schools, believing themselves to be the cornerstone

860
00:52:45,640 --> 00:52:47,680
Speaker 2: of the conference kind of have taken on the role

861
00:52:47,719 --> 00:52:54,520
Speaker 2: of the UCLA and usc IN in trying every legal

862
00:52:54,560 --> 00:52:58,520
Speaker 2: avenue and testing the fence in every possible way to

863
00:52:58,560 --> 00:53:01,960
Speaker 2: try to get themselves into what they believe will eventually

864
00:53:01,960 --> 00:53:05,200
Speaker 2: be a two team league with competition between the Big

865
00:53:05,239 --> 00:53:07,200
Speaker 2: Ten and the SEC, with the Big Ten actually just

866
00:53:07,239 --> 00:53:12,280
Speaker 2: surpassing the SEC and persco payout if I'm not mistaken.

867
00:53:12,880 --> 00:53:18,480
Speaker 2: The surprising thing about this has been that no one

868
00:53:18,520 --> 00:53:22,640
Speaker 2: else in the ACC has really voiced their displeasure until

869
00:53:22,719 --> 00:53:27,200
Speaker 2: now North Carolina is jumping on the bandwagon. And why

870
00:53:27,239 --> 00:53:32,719
Speaker 2: that's scary is the ACC just moved its headquarters to Charlotte,

871
00:53:32,920 --> 00:53:41,640
Speaker 2: North Carolina, which means tournaments are played in Charlotte, which

872
00:53:41,719 --> 00:53:45,400
Speaker 2: means two RISM dollars for the state that University of

873
00:53:45,400 --> 00:53:48,600
Speaker 2: North Carolina is supposed to represent. If the president of

874
00:53:48,640 --> 00:53:51,560
Speaker 2: the University of North Carolina, let's see what this man's

875
00:53:51,640 --> 00:53:55,080
Speaker 2: name is, Martin Nadelman, if he's not on the same

876
00:53:55,160 --> 00:54:02,200
Speaker 2: page with with the ACC, who has an outgoing president,

877
00:54:03,320 --> 00:54:07,319
Speaker 2: which it's it's going to be interesting to see, you know,

878
00:54:07,680 --> 00:54:11,680
Speaker 2: how all of this U shapes up. But if University

879
00:54:11,760 --> 00:54:14,880
Speaker 2: of North Carolina isn't down with the ACC, that's a

880
00:54:14,960 --> 00:54:17,960
Speaker 2: huge problem, yep, because they're supposed to be simpatico the

881
00:54:18,000 --> 00:54:22,360
Speaker 2: a CEC being headquartered like is is is University of

882
00:54:22,360 --> 00:54:27,040
Speaker 2: North Carolina really so displeased with their situation that they

883
00:54:27,080 --> 00:54:31,160
Speaker 2: want tournament games to be played in Indianapolis or Atlanta

884
00:54:31,400 --> 00:54:34,560
Speaker 2: or or somewhere else, Like are they willing to cost

885
00:54:34,600 --> 00:54:37,160
Speaker 2: their own state money to be able to get out

886
00:54:37,160 --> 00:54:40,160
Speaker 2: of this contract. That's the fascinating thing to me because

887
00:54:40,600 --> 00:54:43,439
Speaker 2: I think the ACC, you know, I've been pushing back

888
00:54:44,360 --> 00:54:46,239
Speaker 2: because and the truth is, I don't know as much

889
00:54:46,280 --> 00:54:48,600
Speaker 2: about the a CEC as I do about the PAC twelve.

890
00:54:48,760 --> 00:54:50,719
Speaker 2: You and I saw the PAC twelve disaster for what

891
00:54:50,760 --> 00:54:53,200
Speaker 2: it was the entire time, the.

892
00:54:53,320 --> 00:54:56,800
Speaker 1: Entire it was obvious, it was written on the wall

893
00:54:57,000 --> 00:54:59,520
Speaker 1: like a blind man could see it.

894
00:55:00,200 --> 00:55:02,960
Speaker 2: But you have the same energy about the ACC. I've

895
00:55:03,000 --> 00:55:06,080
Speaker 2: noticed you. Do you believe that it is inevitable that

896
00:55:06,160 --> 00:55:08,560
Speaker 2: the ACC goes into the dust.

897
00:55:09,000 --> 00:55:14,680
Speaker 1: Yes, one, that their only hope is to merge with

898
00:55:14,760 --> 00:55:17,680
Speaker 1: the Big Twelve. That is their only hope at this point.

899
00:55:18,040 --> 00:55:19,279
Speaker 2: And the Big Twelve is open to that.

900
00:55:19,800 --> 00:55:22,960
Speaker 1: Yeah, the Big Twelve is like, come here, come on,

901
00:55:23,800 --> 00:55:26,359
Speaker 1: you know you want to. And that's what you're gonna

902
00:55:26,440 --> 00:55:30,480
Speaker 1: end up having for most of the ACC schools because

903
00:55:30,920 --> 00:55:34,719
Speaker 1: Florida State and Clemson are not going to the to

904
00:55:34,840 --> 00:55:38,080
Speaker 1: the Big twelve. They're gonna end up in the SEC probably,

905
00:55:38,640 --> 00:55:40,719
Speaker 1: and then you're gonna have North Carolina and some other

906
00:55:40,760 --> 00:55:44,560
Speaker 1: team probably end up in the Big Ten. And then

907
00:55:44,600 --> 00:55:48,640
Speaker 1: you're gonna have most of the ACC like the Syracuses

908
00:55:48,840 --> 00:55:53,319
Speaker 1: and the you know, uh, it'll be interesting to see

909
00:55:53,360 --> 00:55:57,920
Speaker 1: where my Miami ends up. You're gonna have some of

910
00:55:57,960 --> 00:56:00,439
Speaker 1: these schools end up in different places, and then you're

911
00:56:00,440 --> 00:56:03,880
Speaker 1: gonna have somebody has to be the cal in Stanford,

912
00:56:04,640 --> 00:56:09,280
Speaker 1: which end up somewhere. But they're like, I will take them,

913
00:56:09,719 --> 00:56:13,960
Speaker 1: and then you're gonna have the Oregon States in Washington States.

914
00:56:14,160 --> 00:56:17,080
Speaker 1: Somebody in that conference is going to get Oregon stated

915
00:56:17,080 --> 00:56:22,840
Speaker 1: in Washington stated. And that's why, like Rutgers and and

916
00:56:23,000 --> 00:56:25,200
Speaker 1: these other schools that are in the Big Ten already,

917
00:56:25,239 --> 00:56:25,719
Speaker 1: they're like.

918
00:56:27,280 --> 00:56:30,080
Speaker 2: Yeah, because Maryland Rutgers should be ACC schools.

919
00:56:30,520 --> 00:56:34,000
Speaker 1: Yes, And they're like, hey, god, we jumped on the

920
00:56:34,080 --> 00:56:37,080
Speaker 1: right boat, buddy, because if we jumped on the other boat,

921
00:56:37,120 --> 00:56:42,000
Speaker 1: we will be like who would like Rutgers would be

922
00:56:42,080 --> 00:56:45,040
Speaker 1: would end up getting treated And this is no Disparaisment's

923
00:56:45,120 --> 00:56:49,080
Speaker 1: Ruggers Fine University, all of this stuff. They're they're they're trying.

924
00:56:49,200 --> 00:56:51,839
Speaker 1: They're like, it's no, no disparaisement to them, but the

925
00:56:51,840 --> 00:56:55,960
Speaker 1: reality is they're not as TV attractive even though they're like,

926
00:56:56,040 --> 00:57:00,960
Speaker 1: we're in one of them. We're in New Jersey. That's

927
00:57:01,040 --> 00:57:06,160
Speaker 1: like saying that that Stanfords in California.

928
00:57:06,520 --> 00:57:09,960
Speaker 2: Right, Yeah, but I mean Rutgers. You can absolutely disparage

929
00:57:10,000 --> 00:57:15,560
Speaker 2: Rutgers because they got a sixty million dollar payout as

930
00:57:15,640 --> 00:57:21,760
Speaker 2: part of the Big Ten. Meanwhile, you know, your your

931
00:57:22,000 --> 00:57:25,440
Speaker 2: University of Washington going to the national championship, you're getting

932
00:57:25,480 --> 00:57:29,960
Speaker 2: like thirty one. You can absolutely with those bozzles on

933
00:57:30,120 --> 00:57:32,200
Speaker 2: look at Rutgers and be like, you know what, screw

934
00:57:32,240 --> 00:57:33,600
Speaker 2: you guys?

935
00:57:34,120 --> 00:57:38,680
Speaker 1: Yep, yep. So we're gonna see because because the ACC,

936
00:57:39,840 --> 00:57:44,720
Speaker 1: their either survival or not, is going to impact because

937
00:57:45,240 --> 00:57:49,200
Speaker 1: what's then gonna happen with Wake, Boston College, Georgia Tech,

938
00:57:49,360 --> 00:57:54,520
Speaker 1: Virginia Tech, Sarahcuse like those types of schools. Now, if

939
00:57:54,600 --> 00:57:57,000
Speaker 1: Virginia Tech was doing what they had been doing in

940
00:57:57,000 --> 00:58:02,960
Speaker 1: the Frank Beamer days and the you know, the Michael

941
00:58:03,040 --> 00:58:06,160
Speaker 1: vic days and all of that, then maybe it would

942
00:58:06,240 --> 00:58:08,920
Speaker 1: look different. But now the question is how does the

943
00:58:08,960 --> 00:58:11,600
Speaker 1: future look for those schools?

944
00:58:12,320 --> 00:58:15,000
Speaker 2: Yeah, I worry about a Georgia Tech. I worry about

945
00:58:15,000 --> 00:58:17,640
Speaker 2: a Virginia Like the high academics.

946
00:58:17,000 --> 00:58:20,720
Speaker 1: Well, well, Virginia is gonna be fine because apparently they

947
00:58:20,760 --> 00:58:23,720
Speaker 1: are highly attractive to people.

948
00:58:24,600 --> 00:58:28,680
Speaker 2: Well they got that hoops program. Yeah, that goes back

949
00:58:28,720 --> 00:58:31,720
Speaker 2: and forth between losing in the first round and winning

950
00:58:31,800 --> 00:58:36,240
Speaker 2: national championships. So I just I don't know, don't I

951
00:58:36,280 --> 00:58:38,800
Speaker 2: wish that that wouldn't happen for the ACC. I don't

952
00:58:38,840 --> 00:58:40,840
Speaker 2: wish what happened in the back twelve on anybody. I

953
00:58:40,880 --> 00:58:43,240
Speaker 2: hate it every minute of that. It was just obviously

954
00:58:43,280 --> 00:58:45,720
Speaker 2: it was gonna happen. My whole thing is, I think

955
00:58:45,760 --> 00:58:48,920
Speaker 2: they could probably weather the Clemson Florida State storm, but

956
00:58:49,160 --> 00:58:53,000
Speaker 2: this North Carolina thing, like they just moved the headquarters

957
00:58:53,000 --> 00:58:56,360
Speaker 2: to Charlotte. If North Carolina, if Florida State's looking at

958
00:58:56,360 --> 00:58:59,520
Speaker 2: North Carolina saying you're the key to getting this whole thing,

959
00:59:00,120 --> 00:59:02,560
Speaker 2: you know, broken up by piling on, because then you

960
00:59:02,640 --> 00:59:06,120
Speaker 2: got like one seventh of the conference is upset, including

961
00:59:06,480 --> 00:59:09,280
Speaker 2: one of the flagship schools, you know, and then God

962
00:59:09,320 --> 00:59:12,160
Speaker 2: forbid NC State or something like that jumps on board too.

963
00:59:12,640 --> 00:59:18,160
Speaker 1: Then it's over, and it is over, like this episode

964
00:59:18,360 --> 00:59:21,400
Speaker 1: of The College Football Apostles. You guys, make sure that

965
00:59:21,480 --> 00:59:24,360
Speaker 1: you like subscribe, tell a friend about the show, and

966
00:59:24,800 --> 00:59:27,520
Speaker 1: keep it locked, because this is going to be the

967
00:59:27,560 --> 00:59:30,160
Speaker 1: best spot for college football all year.