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Speaker 1: This is the business of sports. Should Major League Baseball

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Speaker 1: shorten up the season? How do we present football to

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Speaker 1: the audience of the future. I don't think that most

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Speaker 1: players understand the power that they have. Michael. The future

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Speaker 1: of IndyCar racing is looking bright. Scott Sashnik very basic

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Speaker 1: math here, more bidders means more money. Evan nobody Williams.

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Speaker 1: The team value has essentially quadrupled, and the leaders in

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Speaker 1: the sports industry time to bring an our guest, Al Stimbrunner,

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Speaker 1: National Hockey League Commissioner Gary Bettman, Atlanta Braves president Derek Schiller,

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Speaker 1: Patriots president Jonathan Kraft. Bloomberg Business of Sports from Bloomberg Radio. Hello,

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Speaker 1: I'm Scotts, I'm Evan, Novie Williams, and I'm Michael barn

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Speaker 1: This is the Bloomberg Business of Sports podcast where we

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Speaker 1: Evan didn't participate. Again. It's getting annoying when sports, why

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Speaker 1: is it? Why don't you participate? Yeah, there we go.

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Speaker 1: It's like a Monday for him, still still working off

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Speaker 1: the effects of eating raw fish and hiking through Canada

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Speaker 1: and carrying everything because his girlfriend didn't carry anything. By

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Speaker 1: the way, can I say this, guess what is guess

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Speaker 1: what Dad is. Come on, I know Scott Scot Scott

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Speaker 1: Scot Scott is your birthday? No very listen, he doesn't

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Speaker 1: get very deep with it. I mean it's very I

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Speaker 1: thought there was like more. Alright, yeah that we know.

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Speaker 1: Love that man, I love that commercial. Anyway, Let's talk

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Speaker 1: about Joe sigh. Let's talk about Joe side. What's up.

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Speaker 1: Joe is putting some of his money behind the Premier

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Speaker 1: Lacrosse League, which is pretty darn good for Paul Rabel

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Speaker 1: and friends. They were on the show earlier yesterday, weren't they.

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Speaker 1: Well they weren't on this show. We're not this show,

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Speaker 1: but they were in the house, Yeah they were. And

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Speaker 1: then Paul and his brother Michael co founders of the league.

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Speaker 1: They joined Bloomberg Scarlet Foo and Caroline Hide on Bloomberg

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Speaker 1: markets the Clothes, and this is what they had to

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Speaker 1: say about the endeavor we looked at on the outset

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Speaker 1: of of building the PLL was a combination of partnership

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Speaker 1: opportunities with the existing league and then taking our strategy

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Speaker 1: which we ended up deciding to do, which is more

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Speaker 1: tour base and leaning into modern media and having the

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Speaker 1: best players in the world at our backs. Uh, turning

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Speaker 1: this thing and launching something new. That was Paul, We're able,

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Speaker 1: I know the voice, and Joe said, gives them an

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Speaker 1: expert in all things sports. Remember he's part of on

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Speaker 1: of the Brooklyn Nets, an n l L team in

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Speaker 1: San Diego, the women's National Basketball Association team in New York,

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Speaker 1: the Liberty. So if you want tech sports and e commerce,

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Speaker 1: you can't do better than jose Ti. It's not just

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Speaker 1: Joe Tie, it's some of the names, some of the

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Speaker 1: other investors. It's a it's a big investor group. That

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Speaker 1: is that is fairly impressive. Yeah, well, I mean we

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Speaker 1: know from the beginning Rain Group is involved. Um, the

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Speaker 1: lacrosse community has put its money where its mouth is

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Speaker 1: behind the sport. So um, now all he has to

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Speaker 1: do is succeed and make money. That's all that's all. Now,

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Speaker 1: all you have to do is make money and succeed.

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Speaker 1: I was gonna ask about that. How do you do

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Speaker 1: you have any idea how how much they're raising, how

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Speaker 1: much it's gonna cost to get a brand new traveling

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Speaker 1: across the I'm gonna stop you that I don't. They

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Speaker 1: did not disclose how much they raised or what valuation

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Speaker 1: because there's it's a lot different then excuse me. There's

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Speaker 1: a difference between this upstart sports league and sort of

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Speaker 1: a tech startup. So they didn't want an Apple's to

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Speaker 1: Watermelons comparison as to what's going on here. But they

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Speaker 1: are backed by NBC as well that they have three

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Speaker 1: games on NBC, which they're very high about. That it's

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Speaker 1: going to get the sport, will get the exposure of

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Speaker 1: all those homes last week. Networks matters. It matters what

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Speaker 1: what you're on, and if you can get a deal

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Speaker 1: like NBC and not just a streaming deal. Yeah, and

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Speaker 1: you would be very excited. Evan. By the way, I

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Speaker 1: haven't told you next week. You know, you know, I

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Speaker 1: think we're gonna have on next week. This is gonna

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Speaker 1: be a little peak peak. I hope it looks like

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Speaker 1: Jack Hannigan very nice the quarterback. I saw that he

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Speaker 1: he tweeted at us. Yeah, he tweeted that he like

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Speaker 1: the show and he's let have on. So yeah, he

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Speaker 1: and I were texting last night. Looks like it's gonna

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Speaker 1: work out for It'll be good to have a fellow

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Speaker 1: IVY League football players on the podcast. Yeah, Well, you

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Speaker 1: know what I had to remind me to ask him

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Speaker 1: about lightweight football and his views on it. Speaking of football,

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Speaker 1: Kareem Hunt, No, let's talk golf, I wanted. I can't wait.

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Speaker 1: I can't wait. I cannot wait for this story. You

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Speaker 1: want to you want to go to Coochar. Yes, well

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Speaker 1: we'll go to Coochar. Alright, you want to go first.

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Speaker 1: I just found out about this story, like a you

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Speaker 1: guys go first. It's in the Washington Post that apparently

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Speaker 1: coucher he at the last minute entered a tournament in Mexico.

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Speaker 1: His caddy had already committed to something else, so we

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Speaker 1: couldn't go. So we used a local caddy at the course. Right.

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Speaker 1: Turns out he wins the tournament one point to million

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Speaker 1: dollar perse. And you know how this goes. At the end,

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Speaker 1: you gotta, you know, give your caddy a little something.

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Speaker 1: And apparently he gave him like five thousand dollars, like

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Speaker 1: like five k on him one point two million dollar win.

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Speaker 1: If he had his regular caddy, that would have been

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Speaker 1: how much hundred and twenty six thousand dollars his regular

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Speaker 1: caddy would have been paid, that's John would but it

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Speaker 1: wasn't there. So this other guy gets five thousand. Apparently,

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Speaker 1: after some I'm not so happy discussions, he upped it

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Speaker 1: by fifteen, so he gave him twenty thousand here by

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Speaker 1: yourself something nice. Oh man, I don't know. I think

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Speaker 1: that's a pretty I'm not a golfer. Is that a

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Speaker 1: good tip? Is that a bad tip? I I would

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Speaker 1: have to ask. I got a guy who a friend

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Speaker 1: of years, who is a die hard golfer. I want

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Speaker 1: to ask him about that. I mean, he won the tournament.

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Speaker 1: Is there is there and maybe someone can tweet in

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Speaker 1: is there a percentage that you give your caddy? Well,

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Speaker 1: there there is a straight percentage that your regular caddy

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Speaker 1: tour tour. But obviously this was a separate deal. Apparently

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Speaker 1: he had agreed just to kind of a a a

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Speaker 1: verbal deal. Give me three gram we're good. I don't

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Speaker 1: think that's a high amount at all. Actually not if

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Speaker 1: you win one for me, if I win one point

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Speaker 1: two millions, you would think maybe like fifty at least,

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Speaker 1: or a hundred thousand. Maybe if his regular caddy gets

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Speaker 1: a hundred and twenty or would have gotten one six,

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Speaker 1: I boy, I'd feel bad given the guye less than fifty,

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Speaker 1: especially from he won the game, so that caddy was

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Speaker 1: with him throughout the whole thing. Correct, Yeah, the tournament

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Speaker 1: million dollars in his golf career. This caddy, I believe

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Speaker 1: in the story you sent around Scott Washington, makes two

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Speaker 1: hundred dollars a day. Matc Couchar could have changed this

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Speaker 1: caddy's life irreversibly. Uh and yeah, it seems like. But now,

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Speaker 1: how do I feel about the caddy who Then he

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Speaker 1: he was sending emails to Mark Steinberg, Kuchar's agent, Tiger

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Speaker 1: Woods agent as well, and he said he let me

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Speaker 1: quote according to The Washington Post, I'm a humble man

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Speaker 1: who takes care of his family, works hard. I'm reaching

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Speaker 1: out to you to see if you can facilitate me

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Speaker 1: receiving a fair amount from my help with Matt winning

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Speaker 1: one point to whatever whatever. I'm not looking to disparage

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Speaker 1: Matt or give him a bad name. Fair's fair, and

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Speaker 1: I feel like I was taking advantage of by place

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Speaker 1: seeing my trust in Matt. Response was I'm out of

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Speaker 1: the country. What Matt has offered is fair and leave

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Speaker 1: me alone. That's awful. Now I gotta play devil's advocate here,

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Speaker 1: go ahead. If they had a verbal agreement before before

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Speaker 1: the turn, give me three thousand dollars and okay, here's

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Speaker 1: an extra two grand I'm not saying. I'm not saying

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Speaker 1: it's right or wrong, but I don't know. I myself.

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Speaker 1: If I made that much money and this guy helped

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Speaker 1: me whatever, and you kind of know what he earns,

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Speaker 1: I think i'd give him some medina. You're you're nicer

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Speaker 1: than anybody else in the studio. This is all I'm saying.

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Speaker 1: If I was caddying and before I knew he might win, Okay, fine,

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Speaker 1: here's a couple of thousand, but then once you win,

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Speaker 1: take back your just be like here. I know I

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Speaker 1: said three thousand, but I'm going to give you more.

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Speaker 1: But you know what, I don't think that's a fair number,

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Speaker 1: he said, and then surprised him and say, I'm going

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Speaker 1: to give you more. I'm not gonna give you less. Right.

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Speaker 1: I totally agree. We used to have here I go,

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Speaker 1: we used to have I sent some Michael Barr Twitter poll.

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Speaker 1: By the way, big bar, all six people come in

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Speaker 1: when I when I was fairly good at bowlingtime, Hi night,

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Speaker 1: Lifetime high and uh my ball driller. Would you know

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Speaker 1: you had a ball driller? Oh, yeah, he would. I

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Speaker 1: would go to this guy. He would set up my equipment,

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Speaker 1: and we had an agreement if if let's say, for instance,

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Speaker 1: I won a tournament or or uh we would go

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Speaker 1: pot bowling sometimes and if I want some money, I

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Speaker 1: would give him ten percent of wherever it was. I

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Speaker 1: didn't even know that existed. Like someone that helps you

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Speaker 1: with your ball during bowling. Well, I mean, you know

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Speaker 1: you gotta have a good ever when you go to

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Speaker 1: the lanes when you're you know, you get that little

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Speaker 1: blister from your thumb because they don't figure right. So

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Speaker 1: I'm sure you have your own personal equipment. Of course

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Speaker 1: you do. I mean, and how did you have? Did

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Speaker 1: you have? Like? Cool color? Would you have? Oh? I

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Speaker 1: had all kinds. That hammer was the best equipment they made.

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Speaker 1: I had the blue hammer, the regular black hammer. Oh

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Speaker 1: my god, there's nickname the black hammer, the black hammer.

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Speaker 1: I did that. I had the red hammer at black hammer.

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Speaker 1: There were so much out there. I was on a

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Speaker 1: bowling league when I was young. I did two days bowling,

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Speaker 1: three days karate. Oh god, yeah, I was like seven

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Speaker 1: years old. Tiger Shuman. Yeah, I didn't get past the

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Speaker 1: white belt, but that's okay. Em hasn't spoken. I'm just

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Speaker 1: I'm gonna move along the black. I did know the

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Speaker 1: hammer was the best equipment that at the time when

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Speaker 1: I was in it. I know about Brunswick and Earl Anthony. Yeah,

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Speaker 1: I got to talk about Kareem Hunt and he is

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Speaker 1: now with the Browns, and boy, we have opened up

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Speaker 1: a can of worms with this, so let's talk about that. Yeah,

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Speaker 1: I've got some thoughts on this. The and Scott knows

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Speaker 1: this because because we sit next to each other. A

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Speaker 1: story that I wanted to write three months ago, the

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Speaker 1: day that Cream Hunt got released. It seemed clear to

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Speaker 1: me that when he got signed again, and he was

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Speaker 1: gonna get signed again, he was gonna end up getting

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Speaker 1: paid more by getting released from his rookie deal, uh

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Speaker 1: two years early. And that seems exactly what's gonna happen.

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Speaker 1: He signs a one year deal with the Browns, He's

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Speaker 1: gonna be suspended and we don't know how long yet,

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Speaker 1: but you know that at least six games, six games,

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Speaker 1: eight games, maybe more, that's money. He's not he's not

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Speaker 1: gonna get paid those game checks. Um. But at the

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Speaker 1: end of next year he's going to be a restricted

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Speaker 1: free agent. He's hitting free agency a year before he

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Speaker 1: would have under his rookie deal. If he is anywhere

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Speaker 1: the player that he seemed to have been in his

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Speaker 1: first couple of years in the league, he's going to

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Speaker 1: be in line for a very decent pay day. He

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Speaker 1: is going to accelerate the earning process faster this way

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Speaker 1: by being cut for you know, violence against a woman

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Speaker 1: and then being resigned a few months later, then he

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Speaker 1: would have had he played out the rest of his contract,

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Speaker 1: had this incident not happened. We needed to think that

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Speaker 1: that is wrong. We need to bring to Morris Smith

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Speaker 1: and Roger Goodill together somehow well, how about some sort

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Speaker 1: of I's an addition to elective bargaining agreement where one

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Speaker 1: cannot benefit from being cut and suspended of having your

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Speaker 1: contract terminated. See I gotta add this too. And it

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Speaker 1: is something that Evans said and plays off that, Um, yes,

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Speaker 1: kareem hunting. You can't miss the video and and the

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Speaker 1: brown according to the Browns, you know he was contrite

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Speaker 1: and he's remotionable for it and and whatever. But meanwhile,

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Speaker 1: Colin Kaepernick uh still is not playing anywhere. So it

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Speaker 1: you know, when I hear the you know, everybody deserves

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Speaker 1: a second chance, okay, and but so then why is

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Speaker 1: not Colin Kaepernick with a team? And furthermore, somebody said, Okay,

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Speaker 1: you deserve a second chance in life, but if you

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Speaker 1: ever get the dream job, you don't deserve a second chance. Evan,

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Speaker 1: I mean, I I agree with you that that. I

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Speaker 1: mean Colin Kaepernick and and Kareem Hunt are or as

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Speaker 1: of a couple of days ago, we're out out of

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Speaker 1: the league for two very different reasons. Um, I agree

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Speaker 1: that Colin Kaepernick firmly deserves to uh to be on

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Speaker 1: an NFL roster. Um. Look, the NFL has has made

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Speaker 1: it clear infinitely over the past a couple of years

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Speaker 1: that that teams do not care about the indiscretions of players.

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Speaker 1: The Greg Hardy, the things that he did detailed in

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Speaker 1: that in that court case. Um, the fact that he

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Speaker 1: was signed by the Dallas Cowboys. I almost can't even

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Speaker 1: think of the kind of thing that that you would

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Speaker 1: have to do as an NFL player, As a good

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Speaker 1: NFL player, women not get a shot women's protesting. They say,

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Speaker 1: women make up about half the audience for the NFL.

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Speaker 1: You know what the LFL NFL will respond to if

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Speaker 1: half it's fan based stops watching, which isn't gonna happen

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Speaker 1: right now, I mean, but I mean that's that's the reality.

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Speaker 1: What kind of actual blowback happens to the Ounds for

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Speaker 1: for offering Cream Hunt a one million dollar deal? Probably

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Speaker 1: probably nothing, right, which which is why, which is why

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Speaker 1: they do it. Um, what kind of fallback happens to

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Speaker 1: the Browns if they offer Colin Kaepernick or one one

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Speaker 1: one million dollar one year deal? Maybe a little differently

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Speaker 1: at least that's the way that I think a lot

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Speaker 1: of teams are looking at it. Um, So fair or not,

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Speaker 1: that seems to be the way the economics are working.

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Speaker 1: We're gonna have David certon for a special on President

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Speaker 1: President's Day. David's coming in soon. Um. I always go

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Speaker 1: back to something he said, the people who yell the

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Speaker 1: loudest that I'm never gonna watch again, I don't worry

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Speaker 1: about them. It's that sort of passion that proves they

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Speaker 1: will be back. And that's what you see with Kaepernick.

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Speaker 1: He's like the people who say nothing. That's who I

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Speaker 1: used to worry about, which is why I'm the NFL

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Speaker 1: and everybody is all even a team. I'll never watch

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Speaker 1: this league again, Kapepernick. They'll be back, They'll be back. Yeah, boy,

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Speaker 1: this is this is one of those complicated things where

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Speaker 1: I mean, I just don't understand why Kaepernick is not

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Speaker 1: back in the league. If we go for if we're

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Speaker 1: talking about second chances, So who am I I'm just

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Speaker 1: a black I feel like the Giants shouldn't consider taking him. Yeah,

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Speaker 1: I don't know. That's just my thoughts. There are certain

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Speaker 1: markets that would probably be I would make more business

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Speaker 1: sense because if it's a liberal fan base, Like I

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Speaker 1: don't think kaeperni is gonna play well in Texas, so

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Speaker 1: maybe not. But New York, San Francisco. I mean, he's

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Speaker 1: he played in San Franco. It's not gonna happen. But

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Speaker 1: you get, you get it depends what the fan base

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Speaker 1: is made of. This is the Bloomberg Business of Sports podcast.

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Speaker 1: I'm Michael bar along with Scott sash Nick and Evan

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Speaker 1: Nobby Williams. We are here every Monday, Wednesday and Thursday

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Speaker 1: exploring the world of money and sports. Join us again

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Speaker 1: at the end of the week. When we speak with

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Speaker 1: Michael Balls Bars Ball Driller Exclusive, I was like, I'm like,

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Speaker 1: that's not what I don't see that on the paper.

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Speaker 1: I thought everyone, bar I was like, oh my god,

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Speaker 1: did I do a crazy typo that I didn't know about?

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Speaker 1: Just kidding. We will have someone a big, bright mind

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Speaker 1: in the sports business world, so join us again at

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Speaker 1: the end of the week. Well we know who it is.

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Speaker 1: We can say Mendina doesn't like this to tease in

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Speaker 1: case something happened, but we're gonna have him on. Michael

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Speaker 1: Barr is so excited, bar Tell tell everybody who we're

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Speaker 1: gonna happeny. That's right, people, that's when Scott and I

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Speaker 1: speak with NASCAR president Steve felt now doesn't show up,

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Speaker 1: I mean the promo socks, but but we are fully

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Speaker 1: expecting to speak with Steve Phelps soon. I'm gonna give

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Speaker 1: us an echo Steve Phelps. Phelps well, because you know,

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Speaker 1: if there's ever a time to go NASCAR Daytona five

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Speaker 1: this weekend you got planned. I'm watching and since we're

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Speaker 1: off on President's Day, see, I can sit and I can,

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Speaker 1: you know, put all the snacks out, that's what and

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Speaker 1: and it's but I'm I'm the kind of guy. Okay,

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Speaker 1: I'm gonna have a super Bowl party. Okay, I'll light

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Speaker 1: folks over. We all idea, how many words he just

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Speaker 1: said and said nothing this this guess at this point

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Speaker 1: better because that is the longest tease for upcoming guess.

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Speaker 1: I just like when I'm watching The Days one, if

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Speaker 1: I'm under it, I'm watching it. I want to see

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Speaker 1: it alone and I'm concentrating on the race. So your

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Speaker 1: wife comes in and says, Michael, you say what I know?

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Speaker 1: Give me? I will say, what do you do ahead

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Speaker 1: of time? Honey? Do they know? Everybody knows this? It's like,

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Speaker 1: don't call me, don't don't do any of that stuff

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Speaker 1: while the race whatever. But then they will still play gags.

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Speaker 1: The whole family is like, Okay, while I'm in a break,

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Speaker 1: while they're in a break on TV, I would have

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Speaker 1: to go to the restroom or something, and then all

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Speaker 1: of a sudden everybody will say oh, and then of

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Speaker 1: course I'm running out. It's like, what the hell is

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Speaker 1: going on? And then there doesn't laugh and try to

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Speaker 1: pull up his pants with nothing happened and they're just slapping.

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Speaker 1: Then anyway, do you ever rewind? If you do, you

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Speaker 1: happen to miss something, Well, what they'll do is that

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Speaker 1: everybody's past cowarding. I mean, if there's if there's a

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Speaker 1: big wreck, they'll bust out of the commercial break and

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Speaker 1: then they'll you know, show the wreck. So a lot

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Speaker 1: that does happen a number of times. So when they

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Speaker 1: play this gag on me and it's like oh, and

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Speaker 1: I'm like, oh, what happens? So okay. Anyway, you listen

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Speaker 1: to the sports on Bloomberger Radio around the world and

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Speaker 1: online wherever you get your podcast.