WEBVTT - The Truth About NIL: What Every Athlete & Parent Needs to Know 0:00:01.280 --> 0:00:03.520 This episode is brought to you by P and C Bank. 0:00:03.920 --> 0:00:06.680 A lot of people think podcasts about work are boring, 0:00:06.880 --> 0:00:10.719 and sure they definitely can be, but understanding a professionals 0:00:10.800 --> 0:00:14.080 routine shows us how they achieve their success little by little, 0:00:14.440 --> 0:00:18.079 day after day. It's like banking with P and C Bank. 0:00:18.560 --> 0:00:21.360 It might seem boring to safe plan and make calculated 0:00:21.400 --> 0:00:24.479 decisions with your bank, but keeping your money boring is 0:00:24.520 --> 0:00:27.840 what helps you live or more happily fulfilled life. P 0:00:27.960 --> 0:00:32.800 and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 0:00:32.840 --> 0:00:35.479 Boring since eighteen sixty five is a service mark of 0:00:35.520 --> 0:00:38.760 the PNC Financial Service Group, Inc. P and C Bank 0:00:39.159 --> 0:00:41.360 National Association Member FDIC. 0:00:43.080 --> 0:00:45.080 A lot of times people think nil and they're thinking 0:00:45.120 --> 0:00:47.520 of like the most high level player in the world 0:00:47.600 --> 0:00:51.120 than somebody that's getting five million dollars. But explain how 0:00:51.440 --> 0:00:54.680 players are getting nil deals that you've never heard of, 0:00:54.920 --> 0:00:57.840 players that, like you said, a fourth round draft pick 0:00:57.880 --> 0:01:01.000 that's getting million dollars, or players getting thirty thousand dollars 0:01:01.080 --> 0:01:03.200 from a mid major or a low major. D one 0:01:03.320 --> 0:01:06.120 like set that level of expectation, because I think that 0:01:06.120 --> 0:01:08.319 that's something that a lot of people could relate to, 0:01:08.440 --> 0:01:11.720 and they might not be aware that you can still 0:01:12.080 --> 0:01:14.560 get money in the nil world even if you're not 0:01:14.600 --> 0:01:16.759 a household name. And like I said, all you guys 0:01:16.800 --> 0:01:17.720 can chime in on that. 0:01:19.120 --> 0:01:21.160 Okay, you want to start or. 0:01:21.080 --> 0:01:22.240 Whoever time do you want to start? 0:01:22.760 --> 0:01:25.440 Yeah, I was just talking about that the other day. 0:01:26.880 --> 0:01:31.320 It's a kid that rafit University that's getting seven hundred 0:01:31.360 --> 0:01:38.920 thousand dollars. So and these are facts. So what I 0:01:39.000 --> 0:01:42.360 say to the youth is that in parents, it was 0:01:42.400 --> 0:01:44.160 a time where people used to say, don't put your 0:01:44.160 --> 0:01:49.680 eggs in one basket. Sports matters, It matters a lot. 0:01:50.240 --> 0:01:57.360 It's taking kids from high school to become entrepreneurs. 0:01:57.400 --> 0:02:00.280 Like we don't need the NBA anymore. 0:02:00.000 --> 0:02:02.800 Which is an organization. Well, we need parents to really 0:02:02.800 --> 0:02:07.640 focus on that that sports can make a huge difference. 0:02:08.440 --> 0:02:11.000 And I'm not saying, you know, it's the it's the 0:02:11.040 --> 0:02:15.200 all and be all, but because in my life has 0:02:15.280 --> 0:02:18.320 been you know, help with sports, I think that's that's 0:02:18.600 --> 0:02:21.720 very important. So like he was saying, you don't have 0:02:21.760 --> 0:02:24.680 to be the McDonald American. You you don't have to 0:02:24.680 --> 0:02:26.799 be the start and five on on on your high 0:02:26.800 --> 0:02:30.880 school team. You stay with it and you can you 0:02:30.880 --> 0:02:33.560 could benefit from nil, which is you know, which is excellent. 0:02:33.840 --> 0:02:37.320 There's nil which is a real nil, which is what 0:02:37.440 --> 0:02:40.320 it was originally made for, where you can actually go 0:02:40.360 --> 0:02:43.919 out there and get a brand endorsement deal where you 0:02:43.960 --> 0:02:46.720 promote a brand or create a partnership with a brand 0:02:46.760 --> 0:02:49.280 and you get paid for that. The number two ways 0:02:49.280 --> 0:02:54.200 from collectives colleges now have created since this inception. They 0:02:54.400 --> 0:02:58.440 created uh collectives which are not run by the school. 0:02:58.600 --> 0:03:02.280 At first it was run by boosters, which is alumni, 0:03:02.639 --> 0:03:05.760 and they came in and they set up partnerships for you, 0:03:06.200 --> 0:03:08.320 and it was kind of hid and pay for play, 0:03:08.360 --> 0:03:12.040 but that was the way they disguised it in marketing brands. 0:03:12.360 --> 0:03:15.520 The third way now which came in to play July 0:03:15.720 --> 0:03:21.360 one through Congress. It's called revenue share, and now schools 0:03:21.360 --> 0:03:25.840 can pay you directly from their funds, and that for 0:03:25.880 --> 0:03:29.280 the most part is pay for play. So those are 0:03:29.280 --> 0:03:33.160 the three ways you can get paid. And with the 0:03:33.200 --> 0:03:38.480 revenue share, schools can play up to twenty two million dollars. 0:03:38.800 --> 0:03:40.640 They have a budget, they're allowed to use up to 0:03:40.640 --> 0:03:44.800 twenty two million dollars for college rep share and that's 0:03:44.840 --> 0:03:49.200 for their whole budget. For all their teams. For the 0:03:49.280 --> 0:03:51.760 most part of that, football is going to get the 0:03:51.760 --> 0:03:54.560 biggest part if they have football. Every school has a 0:03:54.560 --> 0:03:57.320 different percentage, but it has to be broken down and 0:03:57.360 --> 0:03:59.240 that's the way. Those are the three ways they can 0:03:59.280 --> 0:04:01.840 pay a college athlete. 0:04:02.080 --> 0:04:06.080 Yeah, football is gonna get the most because football is 0:04:06.120 --> 0:04:09.280 making the most money when you talk about rev share. 0:04:09.360 --> 0:04:14.280 But I guess to answer your question, the cop kids 0:04:14.280 --> 0:04:17.120 can make significant amount of money in college and it's 0:04:17.160 --> 0:04:20.640 not just a high D one level to Power five level. 0:04:21.120 --> 0:04:23.920 You know, you got kids at mid major level making 0:04:23.960 --> 0:04:27.119 one two hundred and fifty thousand dollars a year. That's 0:04:27.160 --> 0:04:30.799 more than some of these kids families make. So college 0:04:30.839 --> 0:04:34.480 sports is actually a serious, serious business, and it's very 0:04:34.560 --> 0:04:37.359 important that these kids get the right advice and have 0:04:37.480 --> 0:04:40.520 the right team around them. I did a deal for 0:04:40.560 --> 0:04:43.400 a kid making five hundred thousand dollars who might not 0:04:43.480 --> 0:04:46.800 even start at college. If you could do that for 0:04:46.839 --> 0:04:49.560 four or five years, you would have made more money 0:04:49.600 --> 0:04:53.279 than some kids parents would have made in a lifetime. 0:04:53.360 --> 0:04:56.680 So you can't just you know, gloss over this what's 0:04:56.720 --> 0:05:00.000 happening and what's going on. It's serious business and it's serious. 0:05:00.040 --> 0:05:00.599 It's money. 0:05:01.400 --> 0:05:04.479 So you are a lawyer, you drew up contracts and 0:05:04.480 --> 0:05:07.120 you actually was just educating me backstage, all of you guys. 0:05:07.160 --> 0:05:09.159 As far as nil deals, they're not all the same. 0:05:09.520 --> 0:05:11.720 I thought it was like a standard like a scholarship 0:05:11.800 --> 0:05:14.400 right where you signed scholarship papers, that all the scholarship 0:05:14.440 --> 0:05:18.440 papers are the same. So you're negotiating nil deals, right, 0:05:18.880 --> 0:05:22.480 So what's some things to look out for and what's 0:05:22.480 --> 0:05:24.880 some things to add? What's some clauses, like, what's some 0:05:24.880 --> 0:05:27.159 things to be aware of? Greg, you can answer that 0:05:27.160 --> 0:05:27.520 as well. 0:05:27.600 --> 0:05:30.960 Well. I'll start off by saying this. The colleges now 0:05:31.080 --> 0:05:34.320 are going to a pro model. It's pro sports. If 0:05:34.360 --> 0:05:37.200 you google and look what's going on. All these schools, 0:05:37.240 --> 0:05:40.799 starting at the top, they're hiring people from pro teams 0:05:41.120 --> 0:05:45.800 basketball and football. Most powerfied schools now football and basketball. 0:05:45.839 --> 0:05:47.680 I say about eighty percent of them have what you 0:05:47.760 --> 0:05:50.960 call as a general manager. You know, we're supposed to 0:05:51.000 --> 0:05:54.200 have Danie Abrams, which is that's his position in Boston 0:05:54.200 --> 0:05:57.359 College basketball. He couldn't make it today, but they hire 0:05:57.400 --> 0:06:00.400 those guys. And some of these schools also have guys 0:06:00.440 --> 0:06:03.520 which is the salary cap. So their jobs between those 0:06:03.520 --> 0:06:08.080 two guys. They manage the roster roster construction, and they 0:06:08.120 --> 0:06:12.600 manage the portal acquisitions, and they talk with the agents. 0:06:13.120 --> 0:06:17.520 So when you're hiring people to talk with agents, their 0:06:17.720 --> 0:06:22.320 job is to do school friendly deals to make sure 0:06:22.400 --> 0:06:25.120 they protect that money for the school. Same way if 0:06:25.160 --> 0:06:28.919 you're with the New York Jets, their job is to 0:06:28.960 --> 0:06:33.040 make sure that they benefit from the contract. So when 0:06:33.120 --> 0:06:36.200 you have that and you may have somebody that's negotiating 0:06:36.279 --> 0:06:39.200 for you that does not have the experience of someone 0:06:39.279 --> 0:06:42.400 like a lawyer or an agent, now you're putting yourself 0:06:42.440 --> 0:06:48.760 at a disadvantage. So I do NFL contracts, we did 0:06:48.760 --> 0:06:52.040 with a collective bargain agreement, and most of those contracts 0:06:52.520 --> 0:06:55.040 the template is the same. One thing that we're going 0:06:55.040 --> 0:06:59.719 to negotiate is, of course the amount of money and 0:07:00.200 --> 0:07:04.080 of the language. When you're dealing with a college, you're 0:07:04.080 --> 0:07:07.200 dealing with over three hundred and something different Division I schools. 0:07:07.360 --> 0:07:11.880 I haven't seen the same contract yet. Every contract's different, 0:07:12.480 --> 0:07:16.360 and they're every every contracts different. So their job is 0:07:16.400 --> 0:07:19.960 to protect the money for the University of Maryland. So 0:07:20.520 --> 0:07:22.800 trust me, when they have somebody come in and they 0:07:22.840 --> 0:07:26.280 might say, oh, it's the dad that they realize that 0:07:26.360 --> 0:07:30.760 dad has no experience in negotiating and all that they 0:07:30.800 --> 0:07:33.240 will love. They love that they will try to take 0:07:33.280 --> 0:07:33.920 advantage of you. 0:07:34.760 --> 0:07:36.440 Yeah, especially if they're trying to get the killed I'm 0:07:36.560 --> 0:07:40.120 tak at one point that you made earlier. So a 0:07:40.160 --> 0:07:42.200 lot of kids, you know, they don't have their friend 0:07:42.320 --> 0:07:45.360 or family member representing them. It's not necessarily that they 0:07:45.400 --> 0:07:49.880 have the bad intention, it's just they don't have the 0:07:50.080 --> 0:07:52.800 experience or the knowledge or the acumen to make sure 0:07:53.200 --> 0:07:55.520 that you're doing what's in the best centrist of the athlete, 0:07:55.560 --> 0:07:58.280 the student athlete. So there's a lot of different things 0:07:58.320 --> 0:08:01.360 that could be in in a agreement with the university. 0:08:02.200 --> 0:08:04.679 How the money is paid out, which can be tricky. 0:08:05.040 --> 0:08:07.640 Kid can say college coach say, hey, you come to 0:08:07.680 --> 0:08:09.560 my school. I'm gonna pay you two hundred and fifty 0:08:09.560 --> 0:08:12.880 thousand dollars to play. They could be provisions in there 0:08:13.840 --> 0:08:16.000 if the kid plays that year, you know, if he's 0:08:16.040 --> 0:08:18.240 not red shirt. They could be how the money is 0:08:18.280 --> 0:08:21.440 broken down. Some schools will pay it monthly. Some schools 0:08:21.440 --> 0:08:25.280 will try to back end the money so that if 0:08:25.280 --> 0:08:28.320 the kid enters the portal, then the payments stop right away. 0:08:28.560 --> 0:08:30.800 I mean Some of this is technical, but that's why 0:08:30.800 --> 0:08:33.360 you should get a lawyer to review the agreement because 0:08:33.400 --> 0:08:36.600 there could be different provisions in there or conditions in 0:08:36.640 --> 0:08:39.240 there that could prevent the kid from actually getting the 0:08:39.280 --> 0:08:42.120 money or all the money that the kid signed up 0:08:42.160 --> 0:08:44.920 to go to that university for I'm. 0:08:44.760 --> 0:08:47.960 Going to add to that. So let's go down a 0:08:47.960 --> 0:08:50.360 little level. Let's go down before you get to that level. 0:08:51.040 --> 0:08:55.360 I'm on the high school level right and recently I 0:08:55.440 --> 0:08:59.719 seen contracts of kids with Nio Dell's that's still in 0:08:59.800 --> 0:09:02.439 high school. To all you guys that's still in high school, 0:09:03.160 --> 0:09:05.839 you know you have a chance to benefit, but it's 0:09:05.840 --> 0:09:08.960 tricky and it's dangerous. What I'm trying to say is this, 0:09:09.600 --> 0:09:11.960 it's a lot of people what I call the BAC, 0:09:13.000 --> 0:09:16.679 the Bad Advice Crew. They will forward you you're in 0:09:16.760 --> 0:09:20.920 io deal, say you're the top south one in the country. 0:09:21.080 --> 0:09:23.839 They give you one hundred thousand, they get it back 0:09:23.840 --> 0:09:28.120 from the colleges, so you're not really and no money 0:09:28.160 --> 0:09:31.840 coming out your pocket and no money coming out they pocket. 0:09:32.600 --> 0:09:34.120 But now they got you tied down. 0:09:34.760 --> 0:09:37.240 Ernest, what's up? Look, this episode is brought to you 0:09:37.280 --> 0:09:40.280 by Square Banking. One of the things we love most 0:09:40.360 --> 0:09:43.600 is seeing neighborhood businesses level up. There is this West 0:09:43.600 --> 0:09:46.080 Indian spo right in our community that started with a 0:09:46.120 --> 0:09:49.520 small takeout counter. Now with Square they've been able to 0:09:49.600 --> 0:09:52.640 expand into a full sit down restaurant and even started 0:09:52.679 --> 0:09:56.240 catering events across the city. 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So go to Square Dot com slash go 0:10:51.679 --> 0:10:55.000 slash eyl to learn more about how your business can 0:10:55.040 --> 0:11:01.400 grow with Square. That's Square dot com, slash go, o 0:11:01.840 --> 0:11:05.680 slash eyl. Block Inc. Is not a bank. Banking services 0:11:05.720 --> 0:11:09.280 provided by Square Financial Services Inc. And certain bank members 0:11:09.440 --> 0:11:11.880 fdi C loans are subject to credit approval. 0:11:14.800 --> 0:11:16.360 And now you gotta follow what they asked you to 0:11:16.400 --> 0:11:20.240 do because you're getting paid. That's on I will level. 0:11:21.200 --> 0:11:24.760 So this is serious business, serious businesses. We gotta watch out. 0:11:24.760 --> 0:11:26.760 We got to watch all youth, but we gotta watch 0:11:26.760 --> 0:11:31.440 our communities. So chiny of On follow up with you. 0:11:31.480 --> 0:11:34.600 As far as on the high school level, we have 0:11:34.640 --> 0:11:37.360 another legendary high school coach is to coach Amino. 0:11:37.800 --> 0:11:41.120 Appreciate them coming. What's your advice for young people as 0:11:41.120 --> 0:11:44.760 far as how they're managing their brands on social media? 0:11:44.880 --> 0:11:47.480 Some of the things that you're seeing currently you coach 0:11:47.520 --> 0:11:49.319 the Nike Elaite team this time, I spoke to the 0:11:49.640 --> 0:11:51.839 guys when you were there, So like, what are you 0:11:51.960 --> 0:11:55.880 seeing from the grassroots level right now twenty twenty five 0:11:56.440 --> 0:11:58.959 that can either be helpful or harmful for young people? 0:12:00.200 --> 0:12:03.040 Yeah, that's that's that's deep. I went to this school 0:12:03.280 --> 0:12:06.360 back in the nineties and we didn't have the social 0:12:06.360 --> 0:12:08.320 media that we had now, so it was totally different. 0:12:08.960 --> 0:12:12.440 But what I am saying it's two things. You know, 0:12:12.520 --> 0:12:15.000 I believe social media is probably you know, one of 0:12:15.040 --> 0:12:16.559 the worst things and the best thing that happened to 0:12:16.640 --> 0:12:22.880 us as a community. The kids are becoming a little 0:12:22.880 --> 0:12:27.439 bit more professional, they are becoming entrepreneurs, but they take 0:12:27.480 --> 0:12:31.640 the integior out of the game. It's impossible for you 0:12:31.760 --> 0:12:37.120 to uh make every shot to play play good all 0:12:37.160 --> 0:12:39.679 the time, so that's not the reality of it. So 0:12:39.720 --> 0:12:43.000 the social media part is really I believe, taking an 0:12:43.000 --> 0:12:47.439 integratty game. But I also feel that the high school 0:12:47.520 --> 0:12:50.520 coach has got to be more of just being an 0:12:50.559 --> 0:12:53.880 excell no guy. They really got to get involved because 0:12:53.920 --> 0:12:56.880 social media do matters. And if you're a coach that 0:12:57.080 --> 0:12:59.800 don't want to get involved with the social media, you're 0:12:59.800 --> 0:13:01.160 not they trying to help the kid go to the 0:13:01.200 --> 0:13:05.000 next level on all phases. So it's it's a give 0:13:05.040 --> 0:13:07.880 and take. And I think, you know, I go back 0:13:07.880 --> 0:13:11.400 to the parents, I go back to the mentors, the 0:13:11.480 --> 0:13:15.000 high school coaches, the grassroot people. It's got to be 0:13:15.000 --> 0:13:19.720 a collective uh teamwork. You know, it's this is called 0:13:19.760 --> 0:13:22.400 it's called grassroots for a reason. It's not about the 0:13:22.440 --> 0:13:25.560 high school coach. It's about the whole community understanding that 0:13:26.000 --> 0:13:28.599 there's a chance of us, you know, benefiting. 0:13:29.000 --> 0:13:35.680 So, Matt, let me ask you as far as I'm a, 0:13:35.840 --> 0:13:39.280 I'm a I'm a good player in high school right 0:13:39.760 --> 0:13:44.000 I'm averaging seventeen points and I'm getting recruited by a 0:13:44.000 --> 0:13:49.719 bunch of mid major schools right now. Do I go 0:13:49.760 --> 0:13:52.640 to an agent like Greg? Do I go to a 0:13:52.720 --> 0:13:55.920 lawyer like yourself? Do I go to both? 0:13:56.040 --> 0:13:56.120 Like? 0:13:56.800 --> 0:13:58.280 Who do I contact first? 0:13:58.440 --> 0:14:00.920 That's that's a good, good question and that we could 0:14:00.960 --> 0:14:03.480 probably go spin around for this. So hopefully, as a 0:14:03.520 --> 0:14:07.000 high school athlete, I'm doing well in high school, Hopefully 0:14:07.040 --> 0:14:13.600 I'm affiliated with the good grassroots mentor coach organization that's 0:14:13.600 --> 0:14:16.760 going to help guide me, that has experienced God and 0:14:16.880 --> 0:14:20.240 other players. Those are questions that parents we should ask. 0:14:20.240 --> 0:14:21.640 The reason why I could jump into it because I 0:14:21.680 --> 0:14:24.520 have a kid that's going through this now too. You 0:14:24.560 --> 0:14:27.160 want to see the organizations or the school that your 0:14:27.240 --> 0:14:30.440 kid is playing for or participating in. What's their history, 0:14:30.480 --> 0:14:34.560 what's their track record? What other kids have they successfully 0:14:34.920 --> 0:14:38.840 helped matriculate do college or you know, everybody's not gonna 0:14:38.880 --> 0:14:40.840 make it to the league, so you know what you know. 0:14:40.920 --> 0:14:42.520 So those are the things that I look for, like 0:14:42.560 --> 0:14:44.880 what what kids went through that program? But for me, 0:14:45.640 --> 0:14:47.640 I think a lawyer. I mean I'm biased, but I 0:14:47.640 --> 0:14:49.760 think a lawyer is a critical part of the team 0:14:49.880 --> 0:14:54.080 for any family making any decisions, because once contracts are involved, 0:14:54.480 --> 0:14:58.920 you need to make sure somebody's going to fully advise 0:14:59.000 --> 0:15:01.720 you and explain you know, every provision that's in there, 0:15:01.960 --> 0:15:04.880 and don't take things for granted. You know, the agent 0:15:05.160 --> 0:15:09.200 is more probably more so important in college basketball than 0:15:09.200 --> 0:15:13.120 ever before somebody like a greg because now kids are 0:15:13.280 --> 0:15:16.600 entering the portal after one year going to another school 0:15:16.640 --> 0:15:19.000 to get more money. As a lawyer, I'm not in 0:15:19.040 --> 0:15:22.280 that world every day to know what college is looking 0:15:22.280 --> 0:15:25.240 for a point guard or or running back or a quarterback. 0:15:25.560 --> 0:15:28.680 An agent is probably way more verse at helping the 0:15:28.760 --> 0:15:31.880 kids just navigate its way through college before you even 0:15:31.880 --> 0:15:34.240 get to the pros, because now you got the portal 0:15:34.720 --> 0:15:37.040 that's helping kids go to school and get paid more 0:15:37.080 --> 0:15:39.000 money than what they did when they came out of 0:15:39.040 --> 0:15:41.680 high school. But I think it's a whole collect of 0:15:41.680 --> 0:15:45.560 the team. You know, the person they trust from the grassroots, 0:15:45.960 --> 0:15:48.040 the lawyer that's going to advise you and the family 0:15:48.080 --> 0:15:50.840 and the parents, the agent that you could trust. And 0:15:50.840 --> 0:15:52.680 it's kind of like a checks and balance is you know, 0:15:53.000 --> 0:15:54.920 you don't want the agent putting something in front of 0:15:54.960 --> 0:15:56.520 you that you don't understand. 0:15:56.160 --> 0:15:59.720 Either, you know. That's my two cents, Greg talk about 0:15:59.720 --> 0:16:04.760 the because we're seeing kids that's transferring every year, and 0:16:05.120 --> 0:16:07.880 it's even crazy than the NBA or NFL because at 0:16:07.960 --> 0:16:10.640 least you have you have to stay with your team 0:16:10.640 --> 0:16:12.320 for a certain amount of years unless you get traded. 0:16:12.520 --> 0:16:14.880 But this is like everybody in the NBA has a 0:16:14.880 --> 0:16:16.920 one year contract. That's how crazy it would be, right, 0:16:17.000 --> 0:16:20.000 So you have that hundreds of thousands of kids that's 0:16:20.080 --> 0:16:24.280 transferring every single year, even if it's not a bad situation, 0:16:24.440 --> 0:16:26.400 just because they can get more money. So, how do 0:16:26.480 --> 0:16:29.480 you advise players in the portal as far as like 0:16:29.600 --> 0:16:32.440 making the right decision and what'sh your process as far 0:16:32.480 --> 0:16:35.120 as making sure you're in tune with all of the 0:16:35.160 --> 0:16:37.960 general managers to see, like, you know, what's going on 0:16:38.000 --> 0:16:38.480 in the world. 0:16:39.000 --> 0:16:46.160 Good question. Every situation is different. Some kids you you. 0:16:46.080 --> 0:16:46.840 Don't want to move. 0:16:48.000 --> 0:16:50.120 You may think the grass is greening. On the other side, 0:16:50.400 --> 0:16:53.200 brown grass might be brown grass if you're moving. What 0:16:53.240 --> 0:16:55.960 you also got to take into account is and also 0:16:56.120 --> 0:16:58.600 they're already trying to review that and switch that role, 0:16:58.880 --> 0:17:01.000 not switch it, but trying to go back to the 0:17:01.040 --> 0:17:03.960 one one time transfer rule in the portal, which I 0:17:03.960 --> 0:17:05.800 think makes a lot of sense. You got a lot 0:17:05.800 --> 0:17:07.520 of these guys. You know you might be getting two 0:17:07.600 --> 0:17:10.000 hundred thousand from one school. You want to jump into 0:17:10.000 --> 0:17:12.560 the portal and try to get two fifty. You got 0:17:12.600 --> 0:17:14.880 some guys. Now on the average, you're going to have 0:17:15.000 --> 0:17:20.159 kids that have four schools on their resume. Where are 0:17:20.200 --> 0:17:24.879 you going back for homecoming? I mean that's number one. 0:17:24.960 --> 0:17:29.439 Number two, all these credits aren't transferring. Coach from this 0:17:29.560 --> 0:17:32.560 school is going to have you eligible to play for 0:17:32.680 --> 0:17:36.000 those However, when you go across the bridge and you 0:17:36.040 --> 0:17:41.399 try to get that business degree, some of those credits. 0:17:41.600 --> 0:17:43.760 If you're at Morgan and you coming from a lower 0:17:43.800 --> 0:17:46.879 school like Howard, I'm just messing with my man, right, 0:17:48.359 --> 0:17:52.399 and your credits might not transfer over. But now you 0:17:52.440 --> 0:17:55.600 get out of there in four years, you think you're graduating, 0:17:55.680 --> 0:17:58.199 but you're not. Now you look, you probably got another 0:17:58.800 --> 0:18:02.040 year and a half semesters. So that's one thing I'm 0:18:02.040 --> 0:18:04.240 trying to tell the kids. I would never try to 0:18:04.280 --> 0:18:07.680 advise a kid to move just for some money, unless 0:18:07.720 --> 0:18:10.560 maybe it's some life changing money, or it's a situation 0:18:10.680 --> 0:18:14.080 where you're a quarterback and this system's not working for you, 0:18:14.440 --> 0:18:16.919 but you know, you look like you have pro potential 0:18:17.280 --> 0:18:19.800 and I'm telling you to go in this offense they 0:18:19.880 --> 0:18:21.520 want you, and I know what they got there, and 0:18:21.560 --> 0:18:23.240 I know where you would be on the depth chart. 0:18:24.080 --> 0:18:26.639 I think that's the advantage of going with That's the 0:18:26.760 --> 0:18:30.080 difference in sometimes going with an agent versus a lawyer. 0:18:30.240 --> 0:18:32.720 You know what the Lamar Jackson Jones, right, the athlete 0:18:32.720 --> 0:18:34.840 that said, I don't need an agent, Right, I'm gonna 0:18:34.880 --> 0:18:37.800 have my mom represent me because I'm gonna save the 0:18:38.080 --> 0:18:40.280 five percent that I'm going to play the agent and 0:18:40.320 --> 0:18:41.280 I'm gonna do it that way. 0:18:41.440 --> 0:18:43.800 Ok Jaylen Brown too, Yeah, Okay, so it wasn't five 0:18:43.840 --> 0:18:46.200 percent and you saving three. But let this go viral. 0:18:46.320 --> 0:18:49.640 He did not do the contract, all right, Mark Levin 0:18:49.680 --> 0:18:53.160 from the NFLPA did the contract. I mean, she did 0:18:53.160 --> 0:18:56.280 not do the contract. She's not a certified agent. Teams 0:18:56.280 --> 0:18:59.280 in the NFL cannot negotiate with anybody unless they're a 0:18:59.320 --> 0:19:03.119 certified day So that's number one, and I'm not knocking him, 0:19:03.200 --> 0:19:07.639 but he played well enough to establish himself to say, listen, 0:19:07.760 --> 0:19:10.400 I'm just going to have somebody from the PA help 0:19:10.480 --> 0:19:13.359 me with this contract. They are not up to doing 0:19:13.359 --> 0:19:17.240 that for fifteen hundred players or whatever amount of players 0:19:17.240 --> 0:19:19.639 in the NFL. So if you're an elite like that, 0:19:19.840 --> 0:19:22.240 then that's fine, you can do that. The average guy 0:19:22.760 --> 0:19:25.159 cannot do that. That's I don't I wouldn't recommend it 0:19:25.200 --> 0:19:27.840 for them going into free agency and trying to find 0:19:27.840 --> 0:19:30.000 out which of these thirty two teams is going to 0:19:30.040 --> 0:19:33.360 pay him the most and be better fit him. If 0:19:33.359 --> 0:19:37.480 you're not certified, and if you're representing yourself, you know 0:19:37.520 --> 0:19:40.680 what they say. You know you represent yourself as a lawyer, 0:19:40.720 --> 0:19:41.840 You got a fool for a client. 0:19:43.560 --> 0:19:45.520 I would just add to that just that there's so 0:19:45.640 --> 0:19:47.560 many examples in this because I don't want to like 0:19:47.680 --> 0:19:50.879 starve bad mouth and athletes. There's so many examples of 0:19:51.000 --> 0:19:54.959 athletes that have that could have benefited from having an 0:19:55.000 --> 0:19:58.360 agent or a better agent like that, have me moves 0:19:58.400 --> 0:20:01.919 that have cost them millions and millions of dollars. I 0:20:01.920 --> 0:20:05.400 think the value of the agent comes from is somebody 0:20:05.440 --> 0:20:09.280 that knows the business, knows the landscape that could help 0:20:09.359 --> 0:20:12.399 you navigate. Because, yeah, the NFL has boilerplate, they have 0:20:12.440 --> 0:20:15.720 a collective bargain degree in NBA has a collective bargain agreement. 0:20:15.880 --> 0:20:18.840 There's only so much money you're gonna make depending on 0:20:18.880 --> 0:20:22.639 where you're drafted, what your position is, what your level is. 0:20:22.680 --> 0:20:25.680 This that part is fair. So from an athlete saying 0:20:26.520 --> 0:20:28.760 it's already determined what I'm gonna make, I get that. 0:20:29.320 --> 0:20:32.560 But what about when it's time to get traded or 0:20:32.640 --> 0:20:36.879 free agency and moving around, you can't. You can't pay 0:20:36.960 --> 0:20:40.359 for the value of an agent that has relationships and 0:20:40.440 --> 0:20:43.760 connections to talk to owners and managers and help you 0:20:44.160 --> 0:20:47.159 navigate that. And now that's trickling down into college and 0:20:47.240 --> 0:20:50.320 even in the high school. So that's the value to 0:20:50.400 --> 0:20:51.760 me and on Like. 0:20:51.680 --> 0:20:55.399 For example, on the NFL, we was back there and 0:20:56.000 --> 0:20:58.760 Tony saw me looking at my phoney. He's like, we 0:20:58.840 --> 0:21:01.720 missing some games. But what I'm mainly do on a Sunday, 0:21:01.760 --> 0:21:04.600 I'm looking at stats. But the other main thing I'm 0:21:04.640 --> 0:21:08.439 looking at, unfortunately, is the injury report, because if a 0:21:08.440 --> 0:21:10.800 player gets injured now I have to manage him through 0:21:10.800 --> 0:21:13.679 that situation. I had a cornerback I represent on the 0:21:13.800 --> 0:21:17.920 Arizona Cardinals last year, last just right now, last week, 0:21:17.960 --> 0:21:20.160 he got hurt. He got back in the locker room. 0:21:20.200 --> 0:21:22.280 I called the GM and they said it looking like 0:21:22.280 --> 0:21:25.320 the ACL. All right, well soon you got to get 0:21:25.359 --> 0:21:27.679 the MRI. Send it to me. I'm sending it to 0:21:27.800 --> 0:21:30.760 what is called a second opinion that's not affiliated with 0:21:30.840 --> 0:21:33.480 the team. Sending it down to a second opinion. Turns 0:21:33.480 --> 0:21:36.920 out it's a Grade three MCL only eight weeks where 0:21:36.920 --> 0:21:39.080 the team was automatically assuming he was going to be 0:21:39.119 --> 0:21:41.800 out for the season. So that's not something you can 0:21:41.840 --> 0:21:45.800 do if you're representing yourself. So managing the athlete is 0:21:45.880 --> 0:21:49.720