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Speaker 1: Hello. I'm Michael bar and this is the Bloomberg Business

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Speaker 1: of Sports podcast, where we explore the big money issues

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Speaker 1: in the world of sports. It is Monday, December. I

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Speaker 1: hope you and your families have had a happy and

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Speaker 1: healthy holiday so far. I'm holding down before it here

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Speaker 1: at Bloomberg World Headquarters. Well, Scott and Devon sit at

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Speaker 1: home sipping on eggnog. But I managed to get Scott

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Speaker 1: to join us today from his lovely living room in

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Speaker 1: New Jersey. Scotty, how's it going. But see now you

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Speaker 1: said sipping on eggnog. Now you hurt my feelings. Bar

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Speaker 1: The only thing, pathetically that I've been sipping this week

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Speaker 1: is suit of fit whatever, whatever you had. I finally

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Speaker 1: take some time off and I come down with a

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Speaker 1: massive sinus infection. This is the first day I can

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Speaker 1: breathe through my nose in a week. See I feel bad.

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Speaker 1: Now I'm good. I want everybody feeling bad for Mick

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Speaker 1: do Man, but not as bad as some of the

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Speaker 1: NFL coaches. But I'm sure oh like, oh boy. And

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Speaker 1: we're gonna talk about that coming up a bit later.

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Speaker 1: But before we get started, some quick housekeeping. We're here today,

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Speaker 1: But the podcast will take the day off Wednesday for

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Speaker 1: New Year's Day. Then we're back on Thursday, bringing you

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Speaker 1: the Bloomberg Business of Sports Show every Monday, Wednesday and Thursday. Well,

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Speaker 1: let's get to some of the stories we're watching the

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Speaker 1: day in the world of sports business. Yes, a big,

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Speaker 1: big upset in the NFL yesterday, My goodness, the New

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Speaker 1: England Patriots lost to the Miami Dolphins. And there's word

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Speaker 1: that there's a guy who made a bet at William

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Speaker 1: Hill for over seventy four thousand dollars according to Darren Ravelle.

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Speaker 1: Uh and he put that on the straight up money

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Speaker 1: line for the Patriots to win. Do you understand those bets?

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Speaker 1: I mean, it's such little return. It can't be the

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Speaker 1: way that any programmler would tell you to go. Now Here,

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Speaker 1: here's the reason why he made this. According to what

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Speaker 1: he's thinking, or what some supporters are saying. They're saying,

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Speaker 1: where else in three hours can you get over six

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Speaker 1: return on your investment? And you're thinking it's a sure thing, Well,

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Speaker 1: when you gamble, there's no such thing as a sure thing. Yeah,

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Speaker 1: that's what I would tell them. That's why they call

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Speaker 1: it gambling. Just the risk for the return on that wage.

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Speaker 1: It doesn't make any sense. But you and I will

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Speaker 1: both agree we understand New England Patriots at home. It's

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Speaker 1: not like they were playing for nothing. They were playing

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Speaker 1: for a bye week, which every NFL player covets for sure.

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Speaker 1: Playing against the Dolphins, let's just say, have not had

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Speaker 1: the greatest season. A little bit better lately, but not

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Speaker 1: the greatest season in NFL history. You would think that

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Speaker 1: Tom Brady and the boys would figure out a way

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Speaker 1: to win this one. However, they did not. So guess what,

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Speaker 1: they get to play a wild card game. Good for CBS, right,

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Speaker 1: they get to show the Patriots prime time on Saturday.

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Speaker 1: Hello Titans, Patriots. They'll take it this as an happened

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Speaker 1: in a long time where the Patriots are actually in

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Speaker 1: that spot where they're playing without a buy. That's happened

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Speaker 1: in what almost ten years, a dozen years. You know,

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Speaker 1: I'm gonna go back to my youth when the Islanders

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Speaker 1: won their four Stanley Cups. Every year. You can see

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Speaker 1: when you get towards the end of these things, every

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Speaker 1: year gets a little bit harder, like, oh it took

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Speaker 1: more games, they didn't win quite as many. And that's

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Speaker 1: what I think. What I'm seeing with the Patriots here

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Speaker 1: that this was a clear indication that all to talk

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Speaker 1: about this team isn't as talented as the past. Seems

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Speaker 1: to be true, because the Patriots of old would not

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Speaker 1: have lost this game. And it is a very big

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Speaker 1: deal in the NFL to have a week off, a

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Speaker 1: bye week, versus having to play and then go on

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Speaker 1: the road and play some pretty darn good clubs, probably

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Speaker 1: Kansas City Baltimore. That is not an easy road to

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Speaker 1: a repeat Super Bowl. Speaking of having a bye week,

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Speaker 1: you know who else has a bye week now, San Francisco.

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Speaker 1: And I know that because my alarm clock went off

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Speaker 1: at eleven thirty pm, because I have to get up

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Speaker 1: to hit the road at eleven thirty pm, And fifteen

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Speaker 1: seconds later, my wife Donning uh Ronnie lot Jersey comes

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Speaker 1: in screaming. It's like, oh, we won, we won, we won.

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Speaker 1: And of course the Lions lost, which is just rubs

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Speaker 1: it in all over the place. But San Francisco they've

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Speaker 1: they're looking pretty good. Stop me if you've heard this before,

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Speaker 1: but the Seahawks have the ball at the one yard

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Speaker 1: line late in the game. Marshawn Lynch is a member

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Speaker 1: of the team and what do you think we should

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Speaker 1: do with this? Stop me? If you heard this before,

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Speaker 1: Michael B sound familiar to you, Yes, it does. Speaking

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Speaker 1: of how do you get a delay of game penalty?

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Speaker 1: How does that happen? You're not gonna get any your

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Speaker 1: argument for me. By the way, coaches fired too. Uh.

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Speaker 1: And let's start with Pat Shermer. Uh. The giants have

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Speaker 1: said listen, it's been real, it's been two years. But

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Speaker 1: you gotta go. Yeah, I mean Shermer now, Freddie Kitchens

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Speaker 1: and Cleveland. Previously we had j Gruden and Ron Rivera.

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Speaker 1: What are you doing right now? If you're Jason Garrett?

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Speaker 1: Your phone rings and it says you know Jay Jones? Uh?

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Speaker 1: Do you pretend you're in the tunnel? Do you do?

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Speaker 1: You not pick up? You know? You gotta wonder is

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Speaker 1: heat next? But bar let's talk about this from a

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Speaker 1: business perspective, because this happens every year, right, I mean,

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Speaker 1: it's Black Monday for a reason in the NFL that

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Speaker 1: all these coaches get fired. Where is the business planning?

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Speaker 1: What you would think stability matters? If you are an owner,

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Speaker 1: you need to find yourself ahead of football operations. Jim whatever,

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Speaker 1: who can work with the coach that you believe in

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Speaker 1: and empower them that they can have the time to

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Speaker 1: implement whatever strategies is. I always go back to Larry Miller,

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Speaker 1: the lead Larry Miller with the Utah Jazz who never

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Speaker 1: quite got over the hump of Michael Jordan's They could

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Speaker 1: not win the NBA Championship, but they didn't fire Jerry Sloan.

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Speaker 1: They understood it was a talent problem or they were

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Speaker 1: facing Michael. Then look at Popovich in San Antonio. These

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Speaker 1: really good teams seem to understand that if you empower

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Speaker 1: these coaches and if you get the right guy, and

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Speaker 1: if you repeatedly are getting the wrong guy, don't you

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Speaker 1: have to look at yourself. Why are you changing coaches

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Speaker 1: every year or two. That is a failure of management.

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Speaker 1: That is a failure at the top. That is the

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Speaker 1: problem for the owner, and they need to look inward

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Speaker 1: and say what do I need you to fix this?

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Speaker 1: I need to find the right person and give them

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Speaker 1: the time to get it right. Up next story from

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Speaker 1: our colleague evn Novie Williams. Looking at the Clemson Tigers now,

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Speaker 1: while they may be winning on the yield, and I'm

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Speaker 1: sure Ohio State is like I wish you hush up

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Speaker 1: about this story. But Clemson is not winning when it

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Speaker 1: comes to the cash. No, Clemson, guess what they made

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Speaker 1: in profit profit now? Seven point six million dollars A

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Speaker 1: lot of money, yes, but in the world of big

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Speaker 1: time college football, not so much. And I always love

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Speaker 1: when Edmund puts in those open records requests through the

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Speaker 1: state schools that he can get all the information. And

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Speaker 1: he's done it. So Clemson seven point six million in profit.

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Speaker 1: Let's let's look at the other teams that were in

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Speaker 1: the final four. Bar Aready Oklahoma seventy three point three million,

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Speaker 1: v Ohio State University sixty four point six million, l

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Speaker 1: s U fifty five million. You gotta look at Clemson,

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Speaker 1: say we are a fraction of all of what these

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Speaker 1: other schools are bringing in. Now, I'm gonna give you

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Speaker 1: the chance, barter to give me some of the factors

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Speaker 1: as to why Empson has such a short fall. I

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Speaker 1: was thinking about that. I'm just wondering if part of

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Speaker 1: it is simply because the TV rights just aren't there.

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Speaker 1: There you go. I mean, I'm a Syracuse guy. As

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Speaker 1: you know, Syracuse switched over to the A C c UH.

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Speaker 1: They just don't command the types of dollars that the

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Speaker 1: Big ten, the Big twelve, and the SEC do. That's

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Speaker 1: number one. And Clemson, of course is the smallest of

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Speaker 1: the four schools that were in in the final four.

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Speaker 1: Their ticket sales were twenty five million dollars. That was

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Speaker 1: the lowest total. Ohio States sold sixty I mean, right there,

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Speaker 1: the million tickets versus sixty. There's a reason why Michigan

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Speaker 1: is called the big house. But the media is big. Um.

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Speaker 1: They just they just don't even by the way, there's

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Speaker 1: two sides to being to profit. You have the revenue

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Speaker 1: you bring in, right, and there's also the expenses that

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Speaker 1: you incur. So it wouldn't it be funny that the

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Speaker 1: team with the lowest revenue also has the highest football

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Speaker 1: related expenses. I mean, and start with the coach, Dabo

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Speaker 1: Sweeney makes millions, got million dollar deal. He's the highest

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Speaker 1: paid coach in the country. So that, of course we'll

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Speaker 1: bite into your profit and as we're seeing it certainly is.

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Speaker 1: And finally, let's stay in college football to talk about

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Speaker 1: the upcoming title game battle between two of the best

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Speaker 1: qbs in the game, Joe Burrow and Trevor Lawrence. Who

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Speaker 1: you got. Let just give me that. We never do this.

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Speaker 1: Bar who you got? I gotta go with Joe Burrow brow, Yes, okay,

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Speaker 1: you like L s U. S I do? I do.

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Speaker 1: It's this is I tell you man, L s U. Clemson.

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Speaker 1: Don't get me wrong, I love Clemson, but in fact

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Speaker 1: I picked them over Ohio State. I didn't put any

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Speaker 1: money on it because it was too close, but I

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Speaker 1: love L. S U. I think they're going to knock

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Speaker 1: it out of the park, all right, But this is

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Speaker 1: I would say, if I'm Joe Burrow, you're the likely

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Speaker 1: number one pick, right, Yes, That's where I'm going with it.

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Speaker 1: You always okay, so you're likely number one pick. Here

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Speaker 1: is the business part of this story. If you're Trevor Lawrence,

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Speaker 1: what are you doing next season? Michael Barr? Are you returning?

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Speaker 1: Are you returning to earn or help earn all that

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Speaker 1: money for your university while you get nothing? And I

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Speaker 1: do not mean to take shots at the athletic directors

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Speaker 1: who say you know the price of a scholarship. I

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Speaker 1: get it. However, he is certainly risking far more by

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Speaker 1: playing football at Clemson than by not playing. And remember

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Speaker 1: this is an NFL rule. This is negotiated between the

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Speaker 1: NFL and the nfl p A that a player cannot

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Speaker 1: enter the draft until three years after his high school graduation.

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Speaker 1: So we're going on year two for Trevor Lawrence, so

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Speaker 1: he has to wait another year. He cannot go to

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Speaker 1: the NFL. The question is do you go back and play?

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Speaker 1: And we are seeing lots of star players skipping bowl games.

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Speaker 1: Are we going to see a star player skip an

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Speaker 1: entire season? Think about it. He could go out and

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Speaker 1: get an internship with an NFL team and watch film

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Speaker 1: and be on a practice his field and become probably

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Speaker 1: a markedly better football player by not playing at Clemson

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Speaker 1: and simply preparing for the NFL. Your thoughts, see I

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Speaker 1: I disagree with that. I understand where you're going with it,

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Speaker 1: and it makes perfect sense. But Lawrence still has much

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Speaker 1: to learn. If he played another season, he can iron

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Speaker 1: all that out and now then that following season when

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Speaker 1: you when the draft comes up for draft, Now you're

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Speaker 1: gonna be a number one quarterback drafted in that lot.

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Speaker 1: He's going to be the number one pick the following year,

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Speaker 1: whether he goes to Clemson or not. My point is

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Speaker 1: I agree he has more to learn, but couldn't he

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Speaker 1: learned more by sitting in a pro setting every day

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Speaker 1: and practicing with pro players and watching pro tape and

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Speaker 1: working with pro coaches and preparing his body for the

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Speaker 1: pro game rather than a season at Clemson. And by,

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Speaker 1: by the way, you can always just say listen, I

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Speaker 1: like the college experience too. You could make the argument,

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Speaker 1: bar that's simply going back because you enjoy college is

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Speaker 1: a way to go, because it certainly is a fun

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Speaker 1: time before football becomes a job. Although I couldn't make

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Speaker 1: the argument even at the college level it is a

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Speaker 1: job because of all the time and pressure that is

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Speaker 1: associated with it. You could make that argument. I just

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Speaker 1: don't know, even with all the insurance that he can

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Speaker 1: get what it's worth going back to college putting all

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Speaker 1: that money in somebody else's pocket in a position, by

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Speaker 1: the way, where he is a sitting duck target. Let's

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Speaker 1: not forget the other team's quarterback must go down, and

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Speaker 1: he must go down hard, and he is the target

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Speaker 1: every single time he steps on that field. That does it.

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Speaker 1: For today's podcast, I'm Michael Barr along with an opt

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Speaker 1: up on night Quill Scotti, Day Quill Right now, day Quill.

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Speaker 1: I didn't want to be too a sleepy for you,

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Speaker 1: but we are here every Monday, Wednesday and Thursday exploring

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Speaker 1: the world of money in sports. You're listening to Bloomberg

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Speaker 1: Business of Sports on Bloomberg Radio around the world and

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Speaker 1: online where you get your pockets