1 00:00:01,280 --> 00:00:03,520 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:03,920 --> 00:00:06,680 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:06,880 --> 00:00:10,719 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,800 --> 00:00:14,080 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,440 --> 00:00:18,079 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,560 --> 00:00:21,360 Speaker 1: It might seem boring to safe plan and make calculated 7 00:00:21,400 --> 00:00:24,479 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,520 --> 00:00:27,840 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:27,960 --> 00:00:32,800 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,840 --> 00:00:35,479 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,520 --> 00:00:38,760 Speaker 1: the PNC Financial Service Group, Inc. P and C Bank 12 00:00:39,159 --> 00:00:41,360 Speaker 1: National Association Member FDIC. 13 00:00:43,080 --> 00:00:45,080 Speaker 2: A lot of times people think nil and they're thinking 14 00:00:45,120 --> 00:00:47,520 Speaker 2: of like the most high level player in the world 15 00:00:47,600 --> 00:00:51,120 Speaker 2: than somebody that's getting five million dollars. But explain how 16 00:00:51,440 --> 00:00:54,680 Speaker 2: players are getting nil deals that you've never heard of, 17 00:00:54,920 --> 00:00:57,840 Speaker 2: players that, like you said, a fourth round draft pick 18 00:00:57,880 --> 00:01:01,000 Speaker 2: that's getting million dollars, or players getting thirty thousand dollars 19 00:01:01,080 --> 00:01:03,200 Speaker 2: from a mid major or a low major. D one 20 00:01:03,320 --> 00:01:06,120 Speaker 2: like set that level of expectation, because I think that 21 00:01:06,120 --> 00:01:08,319 Speaker 2: that's something that a lot of people could relate to, 22 00:01:08,440 --> 00:01:11,720 Speaker 2: and they might not be aware that you can still 23 00:01:12,080 --> 00:01:14,560 Speaker 2: get money in the nil world even if you're not 24 00:01:14,600 --> 00:01:16,759 Speaker 2: a household name. And like I said, all you guys 25 00:01:16,800 --> 00:01:17,720 Speaker 2: can chime in on that. 26 00:01:19,120 --> 00:01:21,160 Speaker 3: Okay, you want to start or. 27 00:01:21,080 --> 00:01:22,240 Speaker 2: Whoever time do you want to start? 28 00:01:22,760 --> 00:01:25,440 Speaker 4: Yeah, I was just talking about that the other day. 29 00:01:26,880 --> 00:01:31,320 Speaker 4: It's a kid that rafit University that's getting seven hundred 30 00:01:31,360 --> 00:01:38,920 Speaker 4: thousand dollars. So and these are facts. So what I 31 00:01:39,000 --> 00:01:42,360 Speaker 4: say to the youth is that in parents, it was 32 00:01:42,400 --> 00:01:44,160 Speaker 4: a time where people used to say, don't put your 33 00:01:44,160 --> 00:01:49,680 Speaker 4: eggs in one basket. Sports matters, It matters a lot. 34 00:01:50,240 --> 00:01:57,360 Speaker 4: It's taking kids from high school to become entrepreneurs. 35 00:01:57,400 --> 00:02:00,280 Speaker 2: Like we don't need the NBA anymore. 36 00:02:00,000 --> 00:02:02,800 Speaker 4: Which is an organization. Well, we need parents to really 37 00:02:02,800 --> 00:02:07,640 Speaker 4: focus on that that sports can make a huge difference. 38 00:02:08,440 --> 00:02:11,000 Speaker 4: And I'm not saying, you know, it's the it's the 39 00:02:11,040 --> 00:02:15,200 Speaker 4: all and be all, but because in my life has 40 00:02:15,280 --> 00:02:18,320 Speaker 4: been you know, help with sports, I think that's that's 41 00:02:18,600 --> 00:02:21,720 Speaker 4: very important. So like he was saying, you don't have 42 00:02:21,760 --> 00:02:24,680 Speaker 4: to be the McDonald American. You you don't have to 43 00:02:24,680 --> 00:02:26,799 Speaker 4: be the start and five on on on your high 44 00:02:26,800 --> 00:02:30,880 Speaker 4: school team. You stay with it and you can you 45 00:02:30,880 --> 00:02:33,560 Speaker 4: could benefit from nil, which is you know, which is excellent. 46 00:02:33,840 --> 00:02:37,320 Speaker 3: There's nil which is a real nil, which is what 47 00:02:37,440 --> 00:02:40,320 Speaker 3: it was originally made for, where you can actually go 48 00:02:40,360 --> 00:02:43,919 Speaker 3: out there and get a brand endorsement deal where you 49 00:02:43,960 --> 00:02:46,720 Speaker 3: promote a brand or create a partnership with a brand 50 00:02:46,760 --> 00:02:49,280 Speaker 3: and you get paid for that. The number two ways 51 00:02:49,280 --> 00:02:54,200 Speaker 3: from collectives colleges now have created since this inception. They 52 00:02:54,400 --> 00:02:58,440 Speaker 3: created uh collectives which are not run by the school. 53 00:02:58,600 --> 00:03:02,280 Speaker 3: At first it was run by boosters, which is alumni, 54 00:03:02,639 --> 00:03:05,760 Speaker 3: and they came in and they set up partnerships for you, 55 00:03:06,200 --> 00:03:08,320 Speaker 3: and it was kind of hid and pay for play, 56 00:03:08,360 --> 00:03:12,040 Speaker 3: but that was the way they disguised it in marketing brands. 57 00:03:12,360 --> 00:03:15,520 Speaker 3: The third way now which came in to play July 58 00:03:15,720 --> 00:03:21,360 Speaker 3: one through Congress. It's called revenue share, and now schools 59 00:03:21,360 --> 00:03:25,840 Speaker 3: can pay you directly from their funds, and that for 60 00:03:25,880 --> 00:03:29,280 Speaker 3: the most part is pay for play. So those are 61 00:03:29,280 --> 00:03:33,160 Speaker 3: the three ways you can get paid. And with the 62 00:03:33,200 --> 00:03:38,480 Speaker 3: revenue share, schools can play up to twenty two million dollars. 63 00:03:38,800 --> 00:03:40,640 Speaker 3: They have a budget, they're allowed to use up to 64 00:03:40,640 --> 00:03:44,800 Speaker 3: twenty two million dollars for college rep share and that's 65 00:03:44,840 --> 00:03:49,200 Speaker 3: for their whole budget. For all their teams. For the 66 00:03:49,280 --> 00:03:51,760 Speaker 3: most part of that, football is going to get the 67 00:03:51,760 --> 00:03:54,560 Speaker 3: biggest part if they have football. Every school has a 68 00:03:54,560 --> 00:03:57,320 Speaker 3: different percentage, but it has to be broken down and 69 00:03:57,360 --> 00:03:59,240 Speaker 3: that's the way. Those are the three ways they can 70 00:03:59,280 --> 00:04:01,840 Speaker 3: pay a college athlete. 71 00:04:02,080 --> 00:04:06,080 Speaker 5: Yeah, football is gonna get the most because football is 72 00:04:06,120 --> 00:04:09,280 Speaker 5: making the most money when you talk about rev share. 73 00:04:09,360 --> 00:04:14,280 Speaker 5: But I guess to answer your question, the cop kids 74 00:04:14,280 --> 00:04:17,120 Speaker 5: can make significant amount of money in college and it's 75 00:04:17,160 --> 00:04:20,640 Speaker 5: not just a high D one level to Power five level. 76 00:04:21,120 --> 00:04:23,920 Speaker 5: You know, you got kids at mid major level making 77 00:04:23,960 --> 00:04:27,119 Speaker 5: one two hundred and fifty thousand dollars a year. That's 78 00:04:27,160 --> 00:04:30,799 Speaker 5: more than some of these kids families make. So college 79 00:04:30,839 --> 00:04:34,480 Speaker 5: sports is actually a serious, serious business, and it's very 80 00:04:34,560 --> 00:04:37,359 Speaker 5: important that these kids get the right advice and have 81 00:04:37,480 --> 00:04:40,520 Speaker 5: the right team around them. I did a deal for 82 00:04:40,560 --> 00:04:43,400 Speaker 5: a kid making five hundred thousand dollars who might not 83 00:04:43,480 --> 00:04:46,800 Speaker 5: even start at college. If you could do that for 84 00:04:46,839 --> 00:04:49,560 Speaker 5: four or five years, you would have made more money 85 00:04:49,600 --> 00:04:53,279 Speaker 5: than some kids parents would have made in a lifetime. 86 00:04:53,360 --> 00:04:56,680 Speaker 5: So you can't just you know, gloss over this what's 87 00:04:56,720 --> 00:05:00,000 Speaker 5: happening and what's going on. It's serious business and it's serious. 88 00:05:00,040 --> 00:05:00,599 Speaker 5: It's money. 89 00:05:01,400 --> 00:05:04,479 Speaker 2: So you are a lawyer, you drew up contracts and 90 00:05:04,480 --> 00:05:07,120 Speaker 2: you actually was just educating me backstage, all of you guys. 91 00:05:07,160 --> 00:05:09,159 Speaker 2: As far as nil deals, they're not all the same. 92 00:05:09,520 --> 00:05:11,720 Speaker 2: I thought it was like a standard like a scholarship 93 00:05:11,800 --> 00:05:14,400 Speaker 2: right where you signed scholarship papers, that all the scholarship 94 00:05:14,440 --> 00:05:18,440 Speaker 2: papers are the same. So you're negotiating nil deals, right, 95 00:05:18,880 --> 00:05:22,480 Speaker 2: So what's some things to look out for and what's 96 00:05:22,480 --> 00:05:24,880 Speaker 2: some things to add? What's some clauses, like, what's some 97 00:05:24,880 --> 00:05:27,159 Speaker 2: things to be aware of? Greg, you can answer that 98 00:05:27,160 --> 00:05:27,520 Speaker 2: as well. 99 00:05:27,600 --> 00:05:30,960 Speaker 3: Well. I'll start off by saying this. The colleges now 100 00:05:31,080 --> 00:05:34,320 Speaker 3: are going to a pro model. It's pro sports. If 101 00:05:34,360 --> 00:05:37,200 Speaker 3: you google and look what's going on. All these schools, 102 00:05:37,240 --> 00:05:40,799 Speaker 3: starting at the top, they're hiring people from pro teams 103 00:05:41,120 --> 00:05:45,800 Speaker 3: basketball and football. Most powerfied schools now football and basketball. 104 00:05:45,839 --> 00:05:47,680 Speaker 3: I say about eighty percent of them have what you 105 00:05:47,760 --> 00:05:50,960 Speaker 3: call as a general manager. You know, we're supposed to 106 00:05:51,000 --> 00:05:54,200 Speaker 3: have Danie Abrams, which is that's his position in Boston 107 00:05:54,200 --> 00:05:57,359 Speaker 3: College basketball. He couldn't make it today, but they hire 108 00:05:57,400 --> 00:06:00,400 Speaker 3: those guys. And some of these schools also have guys 109 00:06:00,440 --> 00:06:03,520 Speaker 3: which is the salary cap. So their jobs between those 110 00:06:03,520 --> 00:06:08,080 Speaker 3: two guys. They manage the roster roster construction, and they 111 00:06:08,120 --> 00:06:12,600 Speaker 3: manage the portal acquisitions, and they talk with the agents. 112 00:06:13,120 --> 00:06:17,520 Speaker 3: So when you're hiring people to talk with agents, their 113 00:06:17,720 --> 00:06:22,320 Speaker 3: job is to do school friendly deals to make sure 114 00:06:22,400 --> 00:06:25,120 Speaker 3: they protect that money for the school. Same way if 115 00:06:25,160 --> 00:06:28,919 Speaker 3: you're with the New York Jets, their job is to 116 00:06:28,960 --> 00:06:33,040 Speaker 3: make sure that they benefit from the contract. So when 117 00:06:33,120 --> 00:06:36,200 Speaker 3: you have that and you may have somebody that's negotiating 118 00:06:36,279 --> 00:06:39,200 Speaker 3: for you that does not have the experience of someone 119 00:06:39,279 --> 00:06:42,400 Speaker 3: like a lawyer or an agent, now you're putting yourself 120 00:06:42,440 --> 00:06:48,760 Speaker 3: at a disadvantage. So I do NFL contracts, we did 121 00:06:48,760 --> 00:06:52,040 Speaker 3: with a collective bargain agreement, and most of those contracts 122 00:06:52,520 --> 00:06:55,040 Speaker 3: the template is the same. One thing that we're going 123 00:06:55,040 --> 00:06:59,719 Speaker 3: to negotiate is, of course the amount of money and 124 00:07:00,200 --> 00:07:04,080 Speaker 3: of the language. When you're dealing with a college, you're 125 00:07:04,080 --> 00:07:07,200 Speaker 3: dealing with over three hundred and something different Division I schools. 126 00:07:07,360 --> 00:07:11,880 Speaker 3: I haven't seen the same contract yet. Every contract's different, 127 00:07:12,480 --> 00:07:16,360 Speaker 3: and they're every every contracts different. So their job is 128 00:07:16,400 --> 00:07:19,960 Speaker 3: to protect the money for the University of Maryland. So 129 00:07:20,520 --> 00:07:22,800 Speaker 3: trust me, when they have somebody come in and they 130 00:07:22,840 --> 00:07:26,280 Speaker 3: might say, oh, it's the dad that they realize that 131 00:07:26,360 --> 00:07:30,760 Speaker 3: dad has no experience in negotiating and all that they 132 00:07:30,800 --> 00:07:33,240 Speaker 3: will love. They love that they will try to take 133 00:07:33,280 --> 00:07:33,920 Speaker 3: advantage of you. 134 00:07:34,760 --> 00:07:36,440 Speaker 5: Yeah, especially if they're trying to get the killed I'm 135 00:07:36,560 --> 00:07:40,120 Speaker 5: tak at one point that you made earlier. So a 136 00:07:40,160 --> 00:07:42,200 Speaker 5: lot of kids, you know, they don't have their friend 137 00:07:42,320 --> 00:07:45,360 Speaker 5: or family member representing them. It's not necessarily that they 138 00:07:45,400 --> 00:07:49,880 Speaker 5: have the bad intention, it's just they don't have the 139 00:07:50,080 --> 00:07:52,800 Speaker 5: experience or the knowledge or the acumen to make sure 140 00:07:53,200 --> 00:07:55,520 Speaker 5: that you're doing what's in the best centrist of the athlete, 141 00:07:55,560 --> 00:07:58,280 Speaker 5: the student athlete. So there's a lot of different things 142 00:07:58,320 --> 00:08:01,360 Speaker 5: that could be in in a agreement with the university. 143 00:08:02,200 --> 00:08:04,679 Speaker 5: How the money is paid out, which can be tricky. 144 00:08:05,040 --> 00:08:07,640 Speaker 5: Kid can say college coach say, hey, you come to 145 00:08:07,680 --> 00:08:09,560 Speaker 5: my school. I'm gonna pay you two hundred and fifty 146 00:08:09,560 --> 00:08:12,880 Speaker 5: thousand dollars to play. They could be provisions in there 147 00:08:13,840 --> 00:08:16,000 Speaker 5: if the kid plays that year, you know, if he's 148 00:08:16,040 --> 00:08:18,240 Speaker 5: not red shirt. They could be how the money is 149 00:08:18,280 --> 00:08:21,440 Speaker 5: broken down. Some schools will pay it monthly. Some schools 150 00:08:21,440 --> 00:08:25,280 Speaker 5: will try to back end the money so that if 151 00:08:25,280 --> 00:08:28,320 Speaker 5: the kid enters the portal, then the payments stop right away. 152 00:08:28,560 --> 00:08:30,800 Speaker 5: I mean Some of this is technical, but that's why 153 00:08:30,800 --> 00:08:33,360 Speaker 5: you should get a lawyer to review the agreement because 154 00:08:33,400 --> 00:08:36,600 Speaker 5: there could be different provisions in there or conditions in 155 00:08:36,640 --> 00:08:39,240 Speaker 5: there that could prevent the kid from actually getting the 156 00:08:39,280 --> 00:08:42,120 Speaker 5: money or all the money that the kid signed up 157 00:08:42,160 --> 00:08:44,920 Speaker 5: to go to that university for I'm. 158 00:08:44,760 --> 00:08:47,960 Speaker 4: Going to add to that. So let's go down a 159 00:08:47,960 --> 00:08:50,360 Speaker 4: little level. Let's go down before you get to that level. 160 00:08:51,040 --> 00:08:55,360 Speaker 4: I'm on the high school level right and recently I 161 00:08:55,440 --> 00:08:59,719 Speaker 4: seen contracts of kids with Nio Dell's that's still in 162 00:08:59,800 --> 00:09:02,439 Speaker 4: high school. To all you guys that's still in high school, 163 00:09:03,160 --> 00:09:05,839 Speaker 4: you know you have a chance to benefit, but it's 164 00:09:05,840 --> 00:09:08,960 Speaker 4: tricky and it's dangerous. What I'm trying to say is this, 165 00:09:09,600 --> 00:09:11,960 Speaker 4: it's a lot of people what I call the BAC, 166 00:09:13,000 --> 00:09:16,679 Speaker 4: the Bad Advice Crew. They will forward you you're in 167 00:09:16,760 --> 00:09:20,920 Speaker 4: io deal, say you're the top south one in the country. 168 00:09:21,080 --> 00:09:23,839 Speaker 4: They give you one hundred thousand, they get it back 169 00:09:23,840 --> 00:09:28,120 Speaker 4: from the colleges, so you're not really and no money 170 00:09:28,160 --> 00:09:31,840 Speaker 4: coming out your pocket and no money coming out they pocket. 171 00:09:32,600 --> 00:09:34,120 Speaker 4: But now they got you tied down. 172 00:09:34,760 --> 00:09:37,240 Speaker 1: Ernest, what's up? Look, this episode is brought to you 173 00:09:37,280 --> 00:09:40,280 Speaker 1: by Square Banking. One of the things we love most 174 00:09:40,360 --> 00:09:43,600 Speaker 1: is seeing neighborhood businesses level up. There is this West 175 00:09:43,600 --> 00:09:46,080 Speaker 1: Indian spo right in our community that started with a 176 00:09:46,120 --> 00:09:49,520 Speaker 1: small takeout counter. 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That's on I will level. 202 00:11:21,200 --> 00:11:24,760 Speaker 4: So this is serious business, serious businesses. We gotta watch out. 203 00:11:24,760 --> 00:11:26,760 Speaker 4: We got to watch all youth, but we gotta watch 204 00:11:26,760 --> 00:11:31,440 Speaker 4: our communities. So chiny of On follow up with you. 205 00:11:31,480 --> 00:11:34,600 Speaker 4: As far as on the high school level, we have 206 00:11:34,640 --> 00:11:37,360 Speaker 4: another legendary high school coach is to coach Amino. 207 00:11:37,800 --> 00:11:41,120 Speaker 2: Appreciate them coming. What's your advice for young people as 208 00:11:41,120 --> 00:11:44,760 Speaker 2: far as how they're managing their brands on social media? 209 00:11:44,880 --> 00:11:47,480 Speaker 2: Some of the things that you're seeing currently you coach 210 00:11:47,520 --> 00:11:49,319 Speaker 2: the Nike Elaite team this time, I spoke to the 211 00:11:49,640 --> 00:11:51,839 Speaker 2: guys when you were there, So like, what are you 212 00:11:51,960 --> 00:11:55,880 Speaker 2: seeing from the grassroots level right now twenty twenty five 213 00:11:56,440 --> 00:11:58,959 Speaker 2: that can either be helpful or harmful for young people? 214 00:12:00,200 --> 00:12:03,040 Speaker 4: Yeah, that's that's that's deep. I went to this school 215 00:12:03,280 --> 00:12:06,360 Speaker 4: back in the nineties and we didn't have the social 216 00:12:06,360 --> 00:12:08,320 Speaker 4: media that we had now, so it was totally different. 217 00:12:08,960 --> 00:12:12,440 Speaker 4: But what I am saying it's two things. You know, 218 00:12:12,520 --> 00:12:15,000 Speaker 4: I believe social media is probably you know, one of 219 00:12:15,040 --> 00:12:16,559 Speaker 4: the worst things and the best thing that happened to 220 00:12:16,640 --> 00:12:22,880 Speaker 4: us as a community. The kids are becoming a little 221 00:12:22,880 --> 00:12:27,439 Speaker 4: bit more professional, they are becoming entrepreneurs, but they take 222 00:12:27,480 --> 00:12:31,640 Speaker 4: the integior out of the game. It's impossible for you 223 00:12:31,760 --> 00:12:37,120 Speaker 4: to uh make every shot to play play good all 224 00:12:37,160 --> 00:12:39,679 Speaker 4: the time, so that's not the reality of it. So 225 00:12:39,720 --> 00:12:43,000 Speaker 4: the social media part is really I believe, taking an 226 00:12:43,000 --> 00:12:47,439 Speaker 4: integratty game. But I also feel that the high school 227 00:12:47,520 --> 00:12:50,520 Speaker 4: coach has got to be more of just being an 228 00:12:50,559 --> 00:12:53,880 Speaker 4: excell no guy. They really got to get involved because 229 00:12:53,920 --> 00:12:56,880 Speaker 4: social media do matters. And if you're a coach that 230 00:12:57,080 --> 00:12:59,800 Speaker 4: don't want to get involved with the social media, you're 231 00:12:59,800 --> 00:13:01,160 Speaker 4: not they trying to help the kid go to the 232 00:13:01,200 --> 00:13:05,000 Speaker 4: next level on all phases. So it's it's a give 233 00:13:05,040 --> 00:13:07,880 Speaker 4: and take. And I think, you know, I go back 234 00:13:07,880 --> 00:13:11,400 Speaker 4: to the parents, I go back to the mentors, the 235 00:13:11,480 --> 00:13:15,000 Speaker 4: high school coaches, the grassroot people. It's got to be 236 00:13:15,000 --> 00:13:19,720 Speaker 4: a collective uh teamwork. You know, it's this is called 237 00:13:19,760 --> 00:13:22,400 Speaker 4: it's called grassroots for a reason. It's not about the 238 00:13:22,440 --> 00:13:25,560 Speaker 4: high school coach. It's about the whole community understanding that 239 00:13:26,000 --> 00:13:28,599 Speaker 4: there's a chance of us, you know, benefiting. 240 00:13:29,000 --> 00:13:35,680 Speaker 2: So, Matt, let me ask you as far as I'm a, 241 00:13:35,840 --> 00:13:39,280 Speaker 2: I'm a I'm a good player in high school right 242 00:13:39,760 --> 00:13:44,000 Speaker 2: I'm averaging seventeen points and I'm getting recruited by a 243 00:13:44,000 --> 00:13:49,719 Speaker 2: bunch of mid major schools right now. Do I go 244 00:13:49,760 --> 00:13:52,640 Speaker 2: to an agent like Greg? Do I go to a 245 00:13:52,720 --> 00:13:55,920 Speaker 2: lawyer like yourself? Do I go to both? 246 00:13:56,040 --> 00:13:56,120 Speaker 3: Like? 247 00:13:56,800 --> 00:13:58,280 Speaker 2: Who do I contact first? 248 00:13:58,440 --> 00:14:00,920 Speaker 5: That's that's a good, good question and that we could 249 00:14:00,960 --> 00:14:03,480 Speaker 5: probably go spin around for this. So hopefully, as a 250 00:14:03,520 --> 00:14:07,000 Speaker 5: high school athlete, I'm doing well in high school, Hopefully 251 00:14:07,040 --> 00:14:13,600 Speaker 5: I'm affiliated with the good grassroots mentor coach organization that's 252 00:14:13,600 --> 00:14:16,760 Speaker 5: going to help guide me, that has experienced God and 253 00:14:16,880 --> 00:14:20,240 Speaker 5: other players. Those are questions that parents we should ask. 254 00:14:20,240 --> 00:14:21,640 Speaker 5: The reason why I could jump into it because I 255 00:14:21,680 --> 00:14:24,520 Speaker 5: have a kid that's going through this now too. You 256 00:14:24,560 --> 00:14:27,160 Speaker 5: want to see the organizations or the school that your 257 00:14:27,240 --> 00:14:30,440 Speaker 5: kid is playing for or participating in. What's their history, 258 00:14:30,480 --> 00:14:34,560 Speaker 5: what's their track record? What other kids have they successfully 259 00:14:34,920 --> 00:14:38,840 Speaker 5: helped matriculate do college or you know, everybody's not gonna 260 00:14:38,880 --> 00:14:40,840 Speaker 5: make it to the league, so you know what you know. 261 00:14:40,920 --> 00:14:42,520 Speaker 5: So those are the things that I look for, like 262 00:14:42,560 --> 00:14:44,880 Speaker 5: what what kids went through that program? But for me, 263 00:14:45,640 --> 00:14:47,640 Speaker 5: I think a lawyer. I mean I'm biased, but I 264 00:14:47,640 --> 00:14:49,760 Speaker 5: think a lawyer is a critical part of the team 265 00:14:49,880 --> 00:14:54,080 Speaker 5: for any family making any decisions, because once contracts are involved, 266 00:14:54,480 --> 00:14:58,920 Speaker 5: you need to make sure somebody's going to fully advise 267 00:14:59,000 --> 00:15:01,720 Speaker 5: you and explain you know, every provision that's in there, 268 00:15:01,960 --> 00:15:04,880 Speaker 5: and don't take things for granted. You know, the agent 269 00:15:05,160 --> 00:15:09,200 Speaker 5: is more probably more so important in college basketball than 270 00:15:09,200 --> 00:15:13,120 Speaker 5: ever before somebody like a greg because now kids are 271 00:15:13,280 --> 00:15:16,600 Speaker 5: entering the portal after one year going to another school 272 00:15:16,640 --> 00:15:19,000 Speaker 5: to get more money. As a lawyer, I'm not in 273 00:15:19,040 --> 00:15:22,280 Speaker 5: that world every day to know what college is looking 274 00:15:22,280 --> 00:15:25,240 Speaker 5: for a point guard or or running back or a quarterback. 275 00:15:25,560 --> 00:15:28,680 Speaker 5: An agent is probably way more verse at helping the 276 00:15:28,760 --> 00:15:31,880 Speaker 5: kids just navigate its way through college before you even 277 00:15:31,880 --> 00:15:34,240 Speaker 5: get to the pros, because now you got the portal 278 00:15:34,720 --> 00:15:37,040 Speaker 5: that's helping kids go to school and get paid more 279 00:15:37,080 --> 00:15:39,000 Speaker 5: money than what they did when they came out of 280 00:15:39,040 --> 00:15:41,680 Speaker 5: high school. But I think it's a whole collect of 281 00:15:41,680 --> 00:15:45,560 Speaker 5: the team. You know, the person they trust from the grassroots, 282 00:15:45,960 --> 00:15:48,040 Speaker 5: the lawyer that's going to advise you and the family 283 00:15:48,080 --> 00:15:50,840 Speaker 5: and the parents, the agent that you could trust. And 284 00:15:50,840 --> 00:15:52,680 Speaker 5: it's kind of like a checks and balance is you know, 285 00:15:53,000 --> 00:15:54,920 Speaker 5: you don't want the agent putting something in front of 286 00:15:54,960 --> 00:15:56,520 Speaker 5: you that you don't understand. 287 00:15:56,160 --> 00:15:59,720 Speaker 2: Either, you know. That's my two cents, Greg talk about 288 00:15:59,720 --> 00:16:04,760 Speaker 2: the because we're seeing kids that's transferring every year, and 289 00:16:05,120 --> 00:16:07,880 Speaker 2: it's even crazy than the NBA or NFL because at 290 00:16:07,960 --> 00:16:10,640 Speaker 2: least you have you have to stay with your team 291 00:16:10,640 --> 00:16:12,320 Speaker 2: for a certain amount of years unless you get traded. 292 00:16:12,520 --> 00:16:14,880 Speaker 2: But this is like everybody in the NBA has a 293 00:16:14,880 --> 00:16:16,920 Speaker 2: one year contract. That's how crazy it would be, right, 294 00:16:17,000 --> 00:16:20,000 Speaker 2: So you have that hundreds of thousands of kids that's 295 00:16:20,080 --> 00:16:24,280 Speaker 2: transferring every single year, even if it's not a bad situation, 296 00:16:24,440 --> 00:16:26,400 Speaker 2: just because they can get more money. So, how do 297 00:16:26,480 --> 00:16:29,480 Speaker 2: you advise players in the portal as far as like 298 00:16:29,600 --> 00:16:32,440 Speaker 2: making the right decision and what'sh your process as far 299 00:16:32,480 --> 00:16:35,120 Speaker 2: as making sure you're in tune with all of the 300 00:16:35,160 --> 00:16:37,960 Speaker 2: general managers to see, like, you know, what's going on 301 00:16:38,000 --> 00:16:38,480 Speaker 2: in the world. 302 00:16:39,000 --> 00:16:46,160 Speaker 3: Good question. Every situation is different. Some kids you you. 303 00:16:46,080 --> 00:16:46,840 Speaker 2: Don't want to move. 304 00:16:48,000 --> 00:16:50,120 Speaker 3: You may think the grass is greening. On the other side, 305 00:16:50,400 --> 00:16:53,200 Speaker 3: brown grass might be brown grass if you're moving. What 306 00:16:53,240 --> 00:16:55,960 Speaker 3: you also got to take into account is and also 307 00:16:56,120 --> 00:16:58,600 Speaker 3: they're already trying to review that and switch that role, 308 00:16:58,880 --> 00:17:01,000 Speaker 3: not switch it, but trying to go back to the 309 00:17:01,040 --> 00:17:03,960 Speaker 3: one one time transfer rule in the portal, which I 310 00:17:03,960 --> 00:17:05,800 Speaker 3: think makes a lot of sense. You got a lot 311 00:17:05,800 --> 00:17:07,520 Speaker 3: of these guys. You know you might be getting two 312 00:17:07,600 --> 00:17:10,000 Speaker 3: hundred thousand from one school. You want to jump into 313 00:17:10,000 --> 00:17:12,560 Speaker 3: the portal and try to get two fifty. You got 314 00:17:12,600 --> 00:17:14,880 Speaker 3: some guys. Now on the average, you're going to have 315 00:17:15,000 --> 00:17:20,159 Speaker 3: kids that have four schools on their resume. Where are 316 00:17:20,200 --> 00:17:24,879 Speaker 3: you going back for homecoming? I mean that's number one. 317 00:17:24,960 --> 00:17:29,439 Speaker 3: Number two, all these credits aren't transferring. Coach from this 318 00:17:29,560 --> 00:17:32,560 Speaker 3: school is going to have you eligible to play for 319 00:17:32,680 --> 00:17:36,000 Speaker 3: those However, when you go across the bridge and you 320 00:17:36,040 --> 00:17:41,399 Speaker 3: try to get that business degree, some of those credits. 321 00:17:41,600 --> 00:17:43,760 Speaker 3: If you're at Morgan and you coming from a lower 322 00:17:43,800 --> 00:17:46,879 Speaker 3: school like Howard, I'm just messing with my man, right, 323 00:17:48,359 --> 00:17:52,399 Speaker 3: and your credits might not transfer over. But now you 324 00:17:52,440 --> 00:17:55,600 Speaker 3: get out of there in four years, you think you're graduating, 325 00:17:55,680 --> 00:17:58,199 Speaker 3: but you're not. Now you look, you probably got another 326 00:17:58,800 --> 00:18:02,040 Speaker 3: year and a half semesters. So that's one thing I'm 327 00:18:02,040 --> 00:18:04,240 Speaker 3: trying to tell the kids. I would never try to 328 00:18:04,280 --> 00:18:07,680 Speaker 3: advise a kid to move just for some money, unless 329 00:18:07,720 --> 00:18:10,560 Speaker 3: maybe it's some life changing money, or it's a situation 330 00:18:10,680 --> 00:18:14,080 Speaker 3: where you're a quarterback and this system's not working for you, 331 00:18:14,440 --> 00:18:16,919 Speaker 3: but you know, you look like you have pro potential 332 00:18:17,280 --> 00:18:19,800 Speaker 3: and I'm telling you to go in this offense they 333 00:18:19,880 --> 00:18:21,520 Speaker 3: want you, and I know what they got there, and 334 00:18:21,560 --> 00:18:23,240 Speaker 3: I know where you would be on the depth chart. 335 00:18:24,080 --> 00:18:26,639 Speaker 3: I think that's the advantage of going with That's the 336 00:18:26,760 --> 00:18:30,080 Speaker 3: difference in sometimes going with an agent versus a lawyer. 337 00:18:30,240 --> 00:18:32,720 Speaker 2: You know what the Lamar Jackson Jones, right, the athlete 338 00:18:32,720 --> 00:18:34,840 Speaker 2: that said, I don't need an agent, Right, I'm gonna 339 00:18:34,880 --> 00:18:37,800 Speaker 2: have my mom represent me because I'm gonna save the 340 00:18:38,080 --> 00:18:40,280 Speaker 2: five percent that I'm going to play the agent and 341 00:18:40,320 --> 00:18:41,280 Speaker 2: I'm gonna do it that way. 342 00:18:41,440 --> 00:18:43,800 Speaker 3: Ok Jaylen Brown too, Yeah, Okay, so it wasn't five 343 00:18:43,840 --> 00:18:46,200 Speaker 3: percent and you saving three. But let this go viral. 344 00:18:46,320 --> 00:18:49,640 Speaker 3: He did not do the contract, all right, Mark Levin 345 00:18:49,680 --> 00:18:53,160 Speaker 3: from the NFLPA did the contract. I mean, she did 346 00:18:53,160 --> 00:18:56,280 Speaker 3: not do the contract. She's not a certified agent. Teams 347 00:18:56,280 --> 00:18:59,280 Speaker 3: in the NFL cannot negotiate with anybody unless they're a 348 00:18:59,320 --> 00:19:03,119 Speaker 3: certified day So that's number one, and I'm not knocking him, 349 00:19:03,200 --> 00:19:07,639 Speaker 3: but he played well enough to establish himself to say, listen, 350 00:19:07,760 --> 00:19:10,400 Speaker 3: I'm just going to have somebody from the PA help 351 00:19:10,480 --> 00:19:13,359 Speaker 3: me with this contract. They are not up to doing 352 00:19:13,359 --> 00:19:17,240 Speaker 3: that for fifteen hundred players or whatever amount of players 353 00:19:17,240 --> 00:19:19,639 Speaker 3: in the NFL. So if you're an elite like that, 354 00:19:19,840 --> 00:19:22,240 Speaker 3: then that's fine, you can do that. The average guy 355 00:19:22,760 --> 00:19:25,159 Speaker 3: cannot do that. That's I don't I wouldn't recommend it 356 00:19:25,200 --> 00:19:27,840 Speaker 3: for them going into free agency and trying to find 357 00:19:27,840 --> 00:19:30,000 Speaker 3: out which of these thirty two teams is going to 358 00:19:30,040 --> 00:19:33,360 Speaker 3: pay him the most and be better fit him. If 359 00:19:33,359 --> 00:19:37,480 Speaker 3: you're not certified, and if you're representing yourself, you know 360 00:19:37,520 --> 00:19:40,680 Speaker 3: what they say. You know you represent yourself as a lawyer, 361 00:19:40,720 --> 00:19:41,840 Speaker 3: You got a fool for a client. 362 00:19:43,560 --> 00:19:45,520 Speaker 5: I would just add to that just that there's so 363 00:19:45,640 --> 00:19:47,560 Speaker 5: many examples in this because I don't want to like 364 00:19:47,680 --> 00:19:50,879 Speaker 5: starve bad mouth and athletes. There's so many examples of 365 00:19:51,000 --> 00:19:54,959 Speaker 5: athletes that have that could have benefited from having an 366 00:19:55,000 --> 00:19:58,360 Speaker 5: agent or a better agent like that, have me moves 367 00:19:58,400 --> 00:20:01,919 Speaker 5: that have cost them millions and millions of dollars. I 368 00:20:01,920 --> 00:20:05,400 Speaker 5: think the value of the agent comes from is somebody 369 00:20:05,440 --> 00:20:09,280 Speaker 5: that knows the business, knows the landscape that could help 370 00:20:09,359 --> 00:20:12,399 Speaker 5: you navigate. Because, yeah, the NFL has boilerplate, they have 371 00:20:12,440 --> 00:20:15,720 Speaker 5: a collective bargain degree in NBA has a collective bargain agreement. 372 00:20:15,880 --> 00:20:18,840 Speaker 5: There's only so much money you're gonna make depending on 373 00:20:18,880 --> 00:20:22,639 Speaker 5: where you're drafted, what your position is, what your level is. 374 00:20:22,680 --> 00:20:25,680 Speaker 5: This that part is fair. So from an athlete saying 375 00:20:26,520 --> 00:20:28,760 Speaker 5: it's already determined what I'm gonna make, I get that. 376 00:20:29,320 --> 00:20:32,560 Speaker 5: But what about when it's time to get traded or 377 00:20:32,640 --> 00:20:36,879 Speaker 5: free agency and moving around, you can't. You can't pay 378 00:20:36,960 --> 00:20:40,359 Speaker 5: for the value of an agent that has relationships and 379 00:20:40,440 --> 00:20:43,760 Speaker 5: connections to talk to owners and managers and help you 380 00:20:44,160 --> 00:20:47,159 Speaker 5: navigate that. And now that's trickling down into college and 381 00:20:47,240 --> 00:20:50,320 Speaker 5: even in the high school. So that's the value to 382 00:20:50,400 --> 00:20:51,760 Speaker 5: me and on Like. 383 00:20:51,680 --> 00:20:55,399 Speaker 3: For example, on the NFL, we was back there and 384 00:20:56,000 --> 00:20:58,760 Speaker 3: Tony saw me looking at my phoney. He's like, we 385 00:20:58,840 --> 00:21:01,720 Speaker 3: missing some games. But what I'm mainly do on a Sunday, 386 00:21:01,760 --> 00:21:04,600 Speaker 3: I'm looking at stats. But the other main thing I'm 387 00:21:04,640 --> 00:21:08,439 Speaker 3: looking at, unfortunately, is the injury report, because if a 388 00:21:08,440 --> 00:21:10,800 Speaker 3: player gets injured now I have to manage him through 389 00:21:10,800 --> 00:21:13,679 Speaker 3: that situation. I had a cornerback I represent on the 390 00:21:13,800 --> 00:21:17,920 Speaker 3: Arizona Cardinals last year, last just right now, last week, 391 00:21:17,960 --> 00:21:20,160 Speaker 3: he got hurt. He got back in the locker room. 392 00:21:20,200 --> 00:21:22,280 Speaker 3: I called the GM and they said it looking like 393 00:21:22,280 --> 00:21:25,320 Speaker 3: the ACL. All right, well soon you got to get 394 00:21:25,359 --> 00:21:27,679 Speaker 3: the MRI. Send it to me. I'm sending it to 395 00:21:27,800 --> 00:21:30,760 Speaker 3: what is called a second opinion that's not affiliated with 396 00:21:30,840 --> 00:21:33,480 Speaker 3: the team. Sending it down to a second opinion. Turns 397 00:21:33,480 --> 00:21:36,920 Speaker 3: out it's a Grade three MCL only eight weeks where 398 00:21:36,920 --> 00:21:39,080 Speaker 3: the team was automatically assuming he was going to be 399 00:21:39,119 --> 00:21:41,800 Speaker 3: out for the season. So that's not something you can 400 00:21:41,840 --> 00:21:45,800 Speaker 3: do if you're representing yourself. So managing the athlete is 401 00:21:45,880 --> 00:21:49,720 Speaker 3: more than just negotiating the contract. If he's unhappy, he's 402 00:21:49,800 --> 00:21:52,719 Speaker 3: talking to the team and the personnel. Can we move him? 403 00:21:52,760 --> 00:21:55,280 Speaker 3: Should we move him? What is really going on? If 404 00:21:55,320 --> 00:21:58,440 Speaker 3: he's fine, I gotta go and do an appeal. On tuesdays, 405 00:21:58,480 --> 00:21:59,720 Speaker 3: I got to sit on the phone to do a 406 00:21:59,800 --> 00:22:04,119 Speaker 3: p he was fined for having the wrong colored socks 407 00:22:04,119 --> 00:22:06,880 Speaker 3: in the NFL. That's something you cannot do. I don't 408 00:22:06,920 --> 00:22:09,480 Speaker 3: think you can do if you're you know, a plumber 409 00:22:09,600 --> 00:22:12,560 Speaker 3: or HVC. You know, if you're doing something else, not 410 00:22:12,680 --> 00:22:15,800 Speaker 3: knocking those professions. But that's what we get paid to do, 411 00:22:16,320 --> 00:22:19,720 Speaker 3: is managing the athlete. So it's more than just negotiating 412 00:22:19,720 --> 00:22:20,320 Speaker 3: the contract. 413 00:22:20,600 --> 00:22:25,560 Speaker 6: After the athlete stop stop playing, what are the I 414 00:22:25,560 --> 00:22:29,159 Speaker 6: guess best prospects to get them seeing themselves as a 415 00:22:29,160 --> 00:22:34,040 Speaker 6: brand and how they can build intellectual property and have 416 00:22:34,240 --> 00:22:37,560 Speaker 6: longevity in their name, image and likeness. 417 00:22:37,400 --> 00:22:41,720 Speaker 4: It's trickling it now. So now in high school, if 418 00:22:41,720 --> 00:22:45,320 Speaker 4: you're getting paid, you should be investing your future in 419 00:22:45,400 --> 00:22:47,880 Speaker 4: high school. So like we were talking about, a guy 420 00:22:47,920 --> 00:22:50,200 Speaker 4: can make money at twenty at the age of twenty, 421 00:22:51,200 --> 00:22:54,520 Speaker 4: money in life shurance, some money somewhere for twenty years. 422 00:22:55,520 --> 00:22:57,680 Speaker 4: So they got to trickle down. Those are the conversations 423 00:22:57,800 --> 00:23:01,920 Speaker 4: that got to start earlier. Having a sports school it's 424 00:23:01,960 --> 00:23:04,800 Speaker 4: probably probably a best route right now. 425 00:23:05,280 --> 00:23:07,880 Speaker 5: I think the financial advisor piece is probably the most 426 00:23:07,920 --> 00:23:11,200 Speaker 5: important piece right now for these kids in college because 427 00:23:11,359 --> 00:23:14,159 Speaker 5: we already know the majority of the kids are not 428 00:23:14,200 --> 00:23:16,240 Speaker 5: going to make it to the league. So they got 429 00:23:16,280 --> 00:23:19,560 Speaker 5: four or five years where they're making two fifty three hundred, 430 00:23:19,640 --> 00:23:22,119 Speaker 5: five hundred thousand, some of them a million dollars, and 431 00:23:22,160 --> 00:23:24,360 Speaker 5: that might be it, you know what I mean, besides 432 00:23:24,400 --> 00:23:26,679 Speaker 5: whatever they do after that, but if they have the 433 00:23:26,760 --> 00:23:30,120 Speaker 5: right financial person involved in them that has helped them 434 00:23:30,160 --> 00:23:33,320 Speaker 5: invest it and it's not just the whipping the chains 435 00:23:33,480 --> 00:23:38,480 Speaker 5: and they actually got some solid investments like that. Those 436 00:23:38,520 --> 00:23:40,760 Speaker 5: are the success stories that I would love to start hearing, 437 00:23:40,760 --> 00:23:44,000 Speaker 5: and the financial person is probably the most important part. 438 00:23:44,359 --> 00:23:46,359 Speaker 2: I think. Also just building your brand while you're still 439 00:23:46,359 --> 00:23:48,680 Speaker 2: in college too. Like Sharloh Sanders, I think it's a 440 00:23:48,680 --> 00:23:51,359 Speaker 2: great example of that not the best player in the world, 441 00:23:51,359 --> 00:23:53,920 Speaker 2: but got a great personality. And so when he does 442 00:23:54,200 --> 00:23:56,520 Speaker 2: get cut, I don't know if he got cut, I 443 00:23:56,520 --> 00:23:58,160 Speaker 2: don't know if he'll be able to get another shot. 444 00:23:58,200 --> 00:24:01,680 Speaker 2: But he's not desperate. He's already making content. He already 445 00:24:01,720 --> 00:24:04,240 Speaker 2: has a social media following. I think he's going to 446 00:24:04,240 --> 00:24:07,159 Speaker 2: do good as far as like his brand has already 447 00:24:07,160 --> 00:24:10,680 Speaker 2: been built and he was building that brand through college. Yeah, 448 00:24:10,720 --> 00:24:13,320 Speaker 2: so I think playing that set, especially if you already 449 00:24:13,320 --> 00:24:16,120 Speaker 2: have some level of emotion, some personality, social media gives 450 00:24:16,119 --> 00:24:19,159 Speaker 2: you a great platform to kind of already brand yourself. 451 00:24:19,200 --> 00:24:21,000 Speaker 2: So even if it doesn't work out for you, at 452 00:24:21,080 --> 00:24:22,840 Speaker 2: least you have a springboard