Speaker 1: Man, what's hand him?
Speaker 2: Man?
Speaker 1: You got Marshaw Basemall Lynch.
Speaker 3: Doug Hendrickson and Gavin Newsome and you're listening to politics.
Speaker 1: You're known to be you're known.
Speaker 2: To be.
Speaker 4: Well, Marshaun, I just Gavin. It was funny.
Speaker 2: I uh, the last couple of days on the heels
Speaker 2: of our NAL talk, I was talking to some people
Speaker 2: and the new scam right now is going on is
Speaker 2: these guys, these companies are going after these high school
Speaker 2: and college kids and they're going in with, you know, saying, here,
Speaker 2: give us eighteen to twenty percent of your future earnings
Speaker 2: for lifetime, okay, future earnings for now, depending on where
Speaker 2: they're at.
Speaker 4: If it's like a five star high school kid or four.
Speaker 1: Stars, why do that even sound appealing?
Speaker 4: We'll be able telling you.
Speaker 2: So you're so a lot of the companies are going
Speaker 2: to a kid, let's say a junior in high school
Speaker 2: who's a four star player, and they're saying, here's seven
Speaker 2: hundred fift thousand dollars. Okay, but so take the money,
Speaker 2: and then we're going to take eighteen percent of your
Speaker 2: future NFL, NBA baseball earnings, whatever it may be. And
Speaker 2: so you know, if the guy doesn't make it, the
Speaker 2: guy gets to keep seven to fifty. But these guys
Speaker 2: now are a lot of them are making it, and so
Speaker 2: now they're giving away eighteen percent off the gross every
Speaker 2: single year to these companies.
Speaker 3: I'll tell you, the only thing gross about it is
Speaker 3: that it's legal. That should not even be legal. They've
Speaker 3: been By the way, there's versions of that DOUG that
Speaker 3: are already happening, with people paying for your college education
Speaker 3: so that I'll pay for all your tuition if you
Speaker 3: give me a percentage of your income going for it,
Speaker 3: and they started to monetize you get these little venture
Speaker 3: capital funds that have been put together to take advantage
Speaker 3: of it. I think it should be flat out illegal.
Speaker 3: No one in their right mind would do that.
Speaker 1: See, that's why you need it, That's why I would.
Speaker 3: Man.
Speaker 5: Fuck it's fucked up, because it's like you throw seven
Speaker 5: hundred and fifty in front the motherfucker who ain't never seen.
Speaker 1: A dollar is up.
Speaker 5: Everything you said after seven fifty don't even all you
Speaker 5: heard was seven fifty, and then everything else is like well, wow, wow, wow.
Speaker 5: I'm Charlie Brown on that motherfucker. I don't hear none
Speaker 5: of that ship. But the thing is, that's where the
Speaker 5: where we was talking about, that's where the education and
Speaker 5: all that shit come from.
Speaker 1: Like is lacking. It's lacking, Doug, if you would have.
Speaker 5: Told you the eighteen percent, probably would have popped show
Speaker 5: as no.
Speaker 2: But but this is this is I don't know that name,
Speaker 2: marsh Oh, I know, but there but there's a there's
Speaker 2: an NBA, there's a there's a Major League Baseball All
Speaker 2: star from Venezuela who at fourteen years old was offered
Speaker 2: the same thing. And this guy just signed a three
Speaker 2: hundred million dollar contract and and all the and he
Speaker 2: fired the agents and da DA. But all these gangs
Speaker 2: and these people associated with this group in Venezuela or
Speaker 2: or uh you know, somewhere down there are.
Speaker 4: After this guy.
Speaker 2: And this guy's had like the death threats and curity
Speaker 2: and they're they're they're saying, no, this is legit, rock
Speaker 2: solid deal.
Speaker 4: They're coming after this guy.
Speaker 1: Is that who they're looking for? And in Denver?
Speaker 4: I think so, yeah, they looking for him.
Speaker 1: That's the dude that they looking for in Denver.
Speaker 4: In the apartment complex.
Speaker 1: Yeah.
Speaker 4: I don't know if it's but they be somewhere.
Speaker 1: So that's the Venezuela's coming over there. What the all right?
Speaker 1: Well that's deep.
Speaker 3: By the way, Hey, you guys that fly around in
Speaker 3: these fancy private planes, you'll appreciate this. The president of
Speaker 3: Venezuela's playing today was taken by the United States government.
Speaker 3: It was the Dominican Republic, and we seized President Meduro's
Speaker 3: plane and we brought it to Miami. Uh, and we've
Speaker 3: taken his asset. It's literally the president.
Speaker 1: He was trying to get over here.
Speaker 5: Any he doesn't housing feeding oh man.
Speaker 1: Oh no.
Speaker 3: This is the president, by the way, who just quote
Speaker 3: unquote won his re election under dubious and questionable circumstances.
Speaker 3: But let me talk about dubious and questionable. It should
Speaker 3: be illegal to loan sharks, Doug. This is BS, some
Speaker 3: fourteen year old kids selling his soul to the future.
Speaker 3: I mean, that's flat out that's that is correct.
Speaker 5: It sounds like they're taking the record company. The record
Speaker 5: company h approach to it them three sixty deals, That's
Speaker 5: what it sounded like to me.
Speaker 1: But fuck no, you don't know, man, motherfucker. And it's crazy.
Speaker 5: Because at a at a man at a fucking uh
Speaker 5: pivotal point right now, like with all of this information
Speaker 5: that's just being overloaded to your phone, to your devices,
Speaker 5: everything is like, okay, you you would think that more
Speaker 5: motherfuckers would have the understanding of what the fuck is
Speaker 5: going on, But it's like the more information that's out
Speaker 5: there that should just get clutter and motherfuckers keep coming
Speaker 5: up with fucking.
Speaker 1: Silly ass But here's what they're sold, motherfuckers.
Speaker 4: Bro here's what they're saying.
Speaker 2: They're making these churches up, Gavin, and they're saying, Okay,
Speaker 2: if we give a fourteen year old seven and fifty
Speaker 2: gram at ten percent interest for thirty forty years, here's
Speaker 2: the here's the spreadshirt, the bell cow of of if
Speaker 2: he doesn't do it versus he does it right now,
Speaker 2: that's the very thing goes right correct. If the market
Speaker 2: goes ten percent and everything goes, it goes according to plan,
Speaker 2: but rarely it does, as we know, you know, but
Speaker 2: at some point you're gonna if it all goes well,
Speaker 2: you clipse those earnings and now you pay these people
Speaker 2: off and you're still in the whole eighteen twenty percent
Speaker 2: at you know, mamagine morre Sean being in a heyday
Speaker 2: of your career and you have ten twelve years left
Speaker 2: in your career and you're right in eighteen twenty percent.
Speaker 2: Plus you're paying your agent fee plus you got your
Speaker 2: financial advisor fee, plus you've got maybe a business manager fee.
Speaker 4: Now you're in the whole.
Speaker 2: You know, shit, you know, thirty five, thirty six percent
Speaker 2: before you even get your taxes.
Speaker 4: It's unbelievable.
Speaker 1: You ain't even talked on your taxas.
Speaker 4: No, it's not a good thing.
Speaker 5: One has Ooh shit, I don't know, man, it's some
Speaker 5: crazy shit.
Speaker 1: But god damn, even though.
Speaker 5: You yeah, it's a sick ass time right now, it's
Speaker 5: a sick ass time.
Speaker 2: Man.
Speaker 3: Though this stuff's been going on a long time.
Speaker 1: It's just not being regulated.
Speaker 3: But people are going to college kids saying we'll pay
Speaker 3: their doing for college to paint off the high cost
Speaker 3: of tuition. I mean, but you've seen this for decades
Speaker 3: and decades. People have been trying to do contracts as
Speaker 3: in Marshawn. You're spot on in the music industry, so
Speaker 3: there's some precedent. But look, when you're fourteen years old,
Speaker 3: you're sixteen years old, you're eighteen years old, you're a kid.
Speaker 3: It goes back to what Marshawn was saying, no financial literacy,
Speaker 3: no capacity to have any independent analysis. You're desperate, you forget.
Speaker 3: I mean, I love what you said, Marshaun. It after
Speaker 3: here seven and fifty thousand, you didn't hear a damn thing.
Speaker 3: It was all garbled. After that, it was all blah blah,
Speaker 3: blah blah blah. You just say, nobody where to sign it.
Speaker 3: I don't think that's right, man, That ain't right. You've
Speaker 3: got to regulate that, and we're not regulating that. And
Speaker 3: now you've got a guys not only not regulating that.
Speaker 3: Your point is got folks try to take his life.
Speaker 2: Well, So, Gavin Marshawn, I'm not sure if you know
Speaker 2: the new rules, but it just got to pass next
Speaker 2: August to twenty five. The two prominent divisions SEC and
Speaker 2: the Big ten okay, with the revenue sharing, are going
Speaker 2: to have I think it's thirty three million dollars per
Speaker 2: athletic department. So put that in perspective, each one of
Speaker 2: those football programs will have about twenty four million dollars okay,
Speaker 2: that they'll have to give every single year to the
Speaker 2: football team. So twenty four million dollars will go now
Speaker 2: to the one hundred players on.
Speaker 1: Michigan athletic department.
Speaker 2: No, well, the athletic department gets x amount, but then
Speaker 2: they're going to give the football the ball of it,
Speaker 2: and then basketball second, and then obviously baseball and other
Speaker 2: sports on top of that, but football get the ball
Speaker 2: of it. So now these NFL's college teams are hiring
Speaker 2: assistant gms that were in the NFL to be their
Speaker 2: gms in college to effectively run the salary cap for
Speaker 2: these colleges.
Speaker 5: And now, I mean, if you think about it, you
Speaker 5: will see college as like it's like like the D
Speaker 5: League for you know, basketball, right and football? But I mean,
Speaker 5: how how is that ship work? Like with baseball because
Speaker 5: they you come straight out of uh high school and
Speaker 5: go to all those feeder school not feeder schools, but
Speaker 5: feeder programs for uh uh for baseball and ship.
Speaker 1: Yeah, they got a double A yeah all of that right.
Speaker 3: Yeah, I mean they still mean obviously college ball, same thing,
Speaker 3: but it's primarily basketball and football, the two big revenue
Speaker 3: generating sports. It's always where the revenue is. And but
Speaker 3: Doug's point is spot on, and I mean, Doug, this
Speaker 3: whole new industry, this is the only reinforcement we were
Speaker 3: talking about with coach last week. We gotta we gotta
Speaker 3: nip this in the butt as well. This has gotta
Speaker 3: be I keep saying, sound like the politicians. We need
Speaker 3: to regulate this, need to regulate that. But this whole
Speaker 3: system has got to be tamed because you're now talking
Speaker 3: about salary cap experts coming in from the NFL and
Speaker 3: now trying to mirror that crazy.
Speaker 2: Well also too, there's no more walk ons now. So
Speaker 2: for example, in football mar Show member Cal, you have
Speaker 2: twenty walk ons. The walk ons now eliminated, So now
Speaker 2: there's one hundred players in the team. All one hundred
Speaker 2: players get full of scholarships. There's no more walk on.
Speaker 2: So if you're a guy that you know has got
Speaker 2: a you know, a good player wants to go to Cal,
Speaker 2: wants to go somewhere, but it's just not good enough.
Speaker 2: Normally there'll be fifteen twenty walk ons on the team.
Speaker 2: They're not allowing walk ons.
Speaker 1: Anymore, so they're going to have to take the JC route.
Speaker 4: You gotta go JC or a smaller school.
Speaker 2: But you can't if your dream is to be rudy
Speaker 2: like a notre name and walked on and fought on
Speaker 2: to try to walk on the team.
Speaker 4: There's no more Rudies next August. That's done.
Speaker 5: Yeah, I mean, because shit, when you open, when you
Speaker 5: can go on that portal and shit, go get some
Speaker 5: of the cream of the crop. It's like, shit, you
Speaker 5: gotta make space for that too, Like oh shit, it's
Speaker 5: like the free agency and that motherfucker.
Speaker 3: It is like for you, by the way, Marshall, we
Speaker 3: never got clarity. I mean you, I mean, you missed
Speaker 3: all this, but no, bs, I mean how you would
Speaker 3: have fared if you had nil at Cal?
Speaker 1: And I honestly, yeah, what happened.
Speaker 3: I mean, what if if you were running around with
Speaker 3: a million bucks in your pocket as a as a
Speaker 3: sophomore at CAL? The hell would have happened to you?
Speaker 5: I don't just realistically, I don't think that would have
Speaker 5: been a good situation for me. Yeah, I mean, considering
Speaker 5: my background and where I was at in life right
Speaker 5: then and there school was a was secondary and then
Speaker 5: I mean, you know, the ability that I had, it
Speaker 5: was I mean, I guess at that time it's like
Speaker 5: you look at it as like top tier and you
Speaker 5: know what I mean, considering the money that they're giving
Speaker 5: out to individuals and you know, all the ship is
Speaker 5: just like you put some money in my pocket at
Speaker 5: that point in time, like ooh, I don't, I don't,
Speaker 5: I don't know, I don't. I don't know if we're
Speaker 5: sitting here having this conversation today. But then you know
Speaker 5: when we had had coach on the other day and
Speaker 5: you know he was talking about the ni L this
Speaker 5: that the third like I don't know about that. I
Speaker 5: think you dropped the ball there and blah blah blah,
Speaker 5: like motherfucker you. The reason why we got you was
Speaker 5: in I EL before n I L. Motherfucker you forgot
Speaker 5: you had a goddamnn on your team who had a
Speaker 5: god damn that motherfucker was already in the league before
Speaker 5: he even.
Speaker 4: Got not just Reggie Matt Lion.
Speaker 3: Like Jared Jesus, a bunch of them, by the way,
Speaker 3: my shot, did you? I mean, I mean you must have.
Speaker 3: There must have been guys. I mean they talk about
Speaker 3: the party. There was none of that stuff like saying,
Speaker 3: hey man, you need a car taking care of you,
Speaker 3: worry about it later.
Speaker 5: See, man, there was some shit like this, right I
Speaker 5: had you know, I have some family, I mean because
Speaker 5: I was at home as well. Though you feel me
Speaker 5: so it's a little different. So yeah, I mean I
Speaker 5: had some family members who would look out for me
Speaker 5: and shit like I remember my uh one of my
Speaker 5: uh my cousins had let me drive his car and
Speaker 5: you feel me. It was a seven fifty BMW And
Speaker 5: by the way, I hate the motherfuckers too, but I was.
Speaker 5: I was clean as fuck on that motherfucker. I'm sliding
Speaker 5: that bitch doing hell shit. I came up to park
Speaker 5: at practice and shit, go to work, getting ready to leave,
Speaker 5: and Teddy hit me like, hey, come in my office, Like, man,
Speaker 5: who fucking car is that? Like this is my cousin's
Speaker 5: man giving him that fucking car.
Speaker 1: Back right now?
Speaker 5: Like what the fuck you Like, man, why I gotta
Speaker 5: give him the car back? Like, man, you're not about
Speaker 5: to get us in trouble with us, so you feel me.
Speaker 5: He was on some Nah, we ain't gonna be playing that.
Speaker 5: And then you know, I was here, you know, all
Speaker 5: this shit when I went to API to go train
Speaker 5: like you know, motherfucker, Like yeah, I was getting you
Speaker 5: know what I mean, brown paper bag money from Yeah,
Speaker 5: I mean, motherfucker, just walk up, shake my hand and
Speaker 5: you know what I mean? Fifteen twenty bands you know
Speaker 5: what I mean, I'm talking about some man don't know.
Speaker 5: We couldn't even get no guy damn free meal out
Speaker 5: the motherfuckers up there. Like you know, Cal was a
Speaker 5: little different, like sports wasn't a big you know, I
Speaker 5: mean part of the culture there. Like we kind of
Speaker 5: changed Cal culture when it came to that, like uh
Speaker 5: considered you know, from a rod because I think the
Speaker 5: year before that they had just beat sc at Cal,
Speaker 5: so they just got on the map for like, okay, yeah,
Speaker 5: these boys could actually play type shit. Then you know,
Speaker 5: you start getting a little buzz. Now you got little
Speaker 5: runners and agents running around that motherfucker you know you
Speaker 5: got a ride up there now, you know what I mean.
Speaker 5: Motherfuckers is looking around jj uh cross a couple of
Speaker 5: players who actually was doing some shit. But realistically, man,
Speaker 5: we wouldn't you feel me, We was doing some other
Speaker 5: ship to try to get some money, Like I mean,
Speaker 5: it wasn't no no oh yeah you you the guy
Speaker 5: on campus, so motherfucker gonna take care of you type ship.
Speaker 5: Hell no, they would come to you like did you
Speaker 5: go to study hall. Hey, we didn't get you.
Speaker 1: We didn't. We didn't see you in class the other day.
Speaker 1: You feel me.
Speaker 5: That was kind of hey, you missed class that you
Speaker 5: got a six thirty, gotta come up here and run
Speaker 5: because you miss class? Like what the fuck? Man, I
Speaker 5: ain't worried about molass bro. I'm trying to get to
Speaker 5: this buttman. So it was a little different. And I
Speaker 5: don't know if I don't know if.
Speaker 1: Cale had the.
Speaker 2: Like the.
Speaker 5: Power behind you know, pushing individuals. You know what I
Speaker 5: mean to to bring that spotlight to our school for sports,
Speaker 5: cause you gotta remember, like motherfucker got Hella Nobel Peace
Speaker 5: Prize winners. About that motherfucker, Like you know, that's an education,
Speaker 5: you know what I mean?
Speaker 1: First, like they trus an athlete and the guy.
Speaker 4: But in the South, there's there's a lot of agents.
Speaker 2: In the West Coast, there's not that many agents out there,
Speaker 2: so people could come in. But it's not easy getting
Speaker 2: to Berkeley. It's not like you're pulling up it, you
Speaker 2: know some of the other schools. Yeah, USC were get
Speaker 2: everybody in LA. Not easy getting up to the football
Speaker 2: program or finding these guys either a cow.
Speaker 1: Well, they wasn't really worried about it. I had I
Speaker 1: had to do.
Speaker 5: Like my first encounter with a uh with a runner
Speaker 5: like you feel me. Like I said, I was in
Speaker 5: a different mindset. I didn't have you know, I didn't
Speaker 5: have nobody telling me like, oh yeah, this is the process,
Speaker 5: this is what they do, because it wasn't like individuals
Speaker 5: who make it out of cal come back and really
Speaker 5: just giving game and ism to individuals about what the
Speaker 5: fuck going on and what that process looked like. And
Speaker 5: then you got for me, it was JJ and a
Speaker 5: Rod who just you know, went through the process, but
Speaker 5: you know they was on the ship and it was
Speaker 5: new for them too. So I was walking the class
Speaker 5: and I just you feel me out headphones on, you
Speaker 5: know what I mean, walking through campus.
Speaker 1: And I'm feeling little what the fuck is on my shieling?
Speaker 1: Take my headphone off the fuck.
Speaker 5: And I kind of look, hey, more shines in the bushes,
Speaker 5: like bro, what the fuck you doing in the bushes? Like,
Speaker 5: hey man, I work with us so and so you
Speaker 5: know what I mean, Uh, we want to holler at you,
Speaker 5: like don't come running up on me about the bushes,
Speaker 5: bru talking about you want to holler at me? Like
Speaker 5: you man, I beat your ass around here, like the
Speaker 5: fuck won't you? So it threw me off, like you
Speaker 5: feel me, I'll get up to the camp I mean
Speaker 5: to the to the facility, and now you know, I
Speaker 5: play with two of my cousins up there, so I
Speaker 5: tell them like, hey, feil Bro Rojo Bro just bounced
Speaker 5: out on me in the bushes.
Speaker 1: Immediately, I mean, what is that? What's at it?
Speaker 5: We're finna get on like nah, he said he was
Speaker 5: a runner. Now they into all of the sports this
Speaker 5: like they know that talk and all that year talking
Speaker 5: about here runner, like off real here an agent?
Speaker 1: What company you with the wop? I'm like, hold on, man,
Speaker 1: y'all know y'all switched up real quick, like nah, fool,
Speaker 1: that's how you them, the motherfuckers who run the money
Speaker 1: in for the that's how they get you do. We
Speaker 1: got some bread on him. Now the whole mindset switched like,
Speaker 1: oh you think he got a bag on him, But
Speaker 1: come on, let's go check it back out, you.
Speaker 5: Feel me, We get back down here. That boy ain't
Speaker 5: nowhere to be found.
Speaker 1: But it was good that.
Speaker 5: He wasn't there, because shit, you feel me, we probably
Speaker 5: would have had a little phone bruh. That was like
Speaker 5: the mindset like this ship is all know what's going
Speaker 5: on is happening fast, like hold on, watch out, this
Speaker 5: just ran up on me. But I don't know, man, now,
Speaker 5: it's just like it it's so wide open, man. And
Speaker 5: the only thing that I continue to stress, yeah, I
Speaker 5: mean to all of these kids, especially because you know,
Speaker 5: we do some of the nil deals for for cal
Speaker 5: we got a couple a couple of college students that
Speaker 5: we represent with you know, helping them out and shit.
Speaker 5: And the biggest thing to me is like I just
Speaker 5: want to keep on pushing like education and education and
Speaker 5: education and.
Speaker 2: Education, financial literacy, education literally to what.
Speaker 5: That means for them. But it's more so just like
Speaker 5: don't don't don't. Yeah, all of that shit sounds sweet,
Speaker 5: but all of that shit come with a price tag though,
Speaker 5: And it's like that price tag that they that they
Speaker 5: throw at you, that seven fifty, you know, I mean,
Speaker 5: compared to where you can be like you know what
Speaker 5: I mean, slow progress you feel me though, for me
Speaker 5: has been the.
Speaker 1: Best, Like you know what I mean. I ain't never
Speaker 1: been one to just jump at.
Speaker 5: The the money, you know, I mean, it's got to
Speaker 5: make sense for me. It's got to make you know,
Speaker 5: I mean, I gotta make sure it's gonna benefit not
Speaker 5: only me, but somebody else, and use somebody else, come
Speaker 5: from my family or some like.
Speaker 3: By the way, there reminds me Doug that all said,
Speaker 3: if you want to eat more, eat less so you
Speaker 3: can live.
Speaker 4: Longer another marshaw.
Speaker 3: Guys, these guys know, but they try to get.
Speaker 4: Get what they one more time.
Speaker 3: If you want to eat more, eat less so you
Speaker 3: can live longer, meaning just don't be greedy, man, don't
Speaker 3: just don't try to take everything all in the moment,
Speaker 3: one big gulf, one big bite. Just pace yourself. And
Speaker 3: that's what financial literacy and investment is all about. That's
Speaker 3: what That's what financial literacy is all about. That's what
Speaker 3: common sense, that's what experience ultimately is all about. But
Speaker 3: it's hard to hard to have that when you're sixteen,
Speaker 3: seventeen years old. One thing, though, I will say, go cow,
Speaker 3: I appreciate, I appreciate Marshaan saying student athlete. I don't
Speaker 3: think they're going to hear.
Speaker 4: Those words anyway.
Speaker 1: It ain't student.
Speaker 3: Damn athlete anymore. But those are the good old days.
Speaker 5: Book The Bunk Pup