1 00:00:00,280 --> 00:00:03,360 Speaker 1: This is the business of sports. Let's talk Super Bowl 2 00:00:03,520 --> 00:00:06,600 Speaker 1: and Fox Sports, every single thing that occurs. I want 3 00:00:06,600 --> 00:00:08,880 Speaker 1: people to remember, this is a business guaranteed. Money isn't 4 00:00:08,920 --> 00:00:15,560 Speaker 1: necessarily guaranteed. How high can these valuations got? Everybody loves 5 00:00:15,680 --> 00:00:18,279 Speaker 1: rooting against him? Right, Evan Williams off the field, the 6 00:00:18,320 --> 00:00:20,520 Speaker 1: NBA has never been buzzier. And the leaders in the 7 00:00:20,560 --> 00:00:24,160 Speaker 1: sports industry Major League Baseball Commissioner Rob Manfreddy Michael Riscoe 8 00:00:24,239 --> 00:00:27,000 Speaker 1: is the commissioner of the American Athletic Conference. Here In Smith, 9 00:00:27,000 --> 00:00:30,160 Speaker 1: President of Ticketmasters in the Race, car driver Elio Castro, 10 00:00:30,160 --> 00:00:34,159 Speaker 1: and Evans Bloomberg Business of Sports from Bloomberg Radio. Hello, 11 00:00:34,200 --> 00:00:37,320 Speaker 1: I'm Scott, I'm Evan Novie Williams, and I'm Michael barn 12 00:00:37,400 --> 00:00:39,760 Speaker 1: This is the Bloomberg Business of Sports podcast where we 13 00:00:39,800 --> 00:00:42,120 Speaker 1: explore the big money issues in the world of sports. 14 00:00:42,200 --> 00:00:46,240 Speaker 1: And let's begin with a battle over the Phillies mascot. 15 00:00:46,720 --> 00:00:50,200 Speaker 1: This has to do everything about copyrights and all that, 16 00:00:50,360 --> 00:00:52,720 Speaker 1: and it's a little complish. Can we tell everybody that 17 00:00:52,760 --> 00:00:55,520 Speaker 1: we were discussing this and what Evan Novie Williams said, 18 00:00:56,960 --> 00:01:01,760 Speaker 1: I've done some reading on so we're are all set. 19 00:01:02,000 --> 00:01:04,080 Speaker 1: I myself would have had to have done some reading 20 00:01:04,080 --> 00:01:07,039 Speaker 1: on this. I might be a little unprepared on this. However, 21 00:01:07,160 --> 00:01:11,160 Speaker 1: Evan Nolvie Williams Underscore has done some reading on home. 22 00:01:12,560 --> 00:01:14,280 Speaker 1: You know what, I'm putting my feet up. I'm putting 23 00:01:14,319 --> 00:01:16,200 Speaker 1: literally putting my feet up right now and say, Evan, 24 00:01:16,280 --> 00:01:17,520 Speaker 1: what do we need to know as a post of 25 00:01:17,560 --> 00:01:19,880 Speaker 1: the topics we talked about we did no reading on 26 00:01:19,920 --> 00:01:22,440 Speaker 1: and know nothing about. Yeah. So the lawsuit over the 27 00:01:22,440 --> 00:01:25,240 Speaker 1: Philip Fanatic, which is not for for people who feel 28 00:01:25,280 --> 00:01:27,400 Speaker 1: like they're in deja vu. This is not a new thing, 29 00:01:27,800 --> 00:01:30,600 Speaker 1: but there's been a long, long standing lawsuit in a 30 00:01:30,600 --> 00:01:33,320 Speaker 1: few different legal battles over the over the fanatic um, 31 00:01:33,680 --> 00:01:36,960 Speaker 1: and the central theme of those lawsuits, a lot of them, essentially, 32 00:01:37,000 --> 00:01:41,039 Speaker 1: were whether the people that designed the costume own the 33 00:01:41,120 --> 00:01:43,720 Speaker 1: rights to the Philip Fanatic or if the person inside 34 00:01:43,720 --> 00:01:46,680 Speaker 1: the costume who made it move and dance and gave 35 00:01:46,720 --> 00:01:50,000 Speaker 1: it humor were the were the were the creator? Is 36 00:01:50,000 --> 00:01:52,480 Speaker 1: it the costume or the character exactly? That was the 37 00:01:52,520 --> 00:01:57,800 Speaker 1: long question. Now, back in the eighties, the creators signed 38 00:01:57,800 --> 00:02:01,520 Speaker 1: a deal closed, they had a negotiation, you know, they 39 00:02:01,600 --> 00:02:04,760 Speaker 1: made a settlement that gave the team forever rights to 40 00:02:04,800 --> 00:02:08,480 Speaker 1: the Philly Fanatic. However, in copyright law, apparently there is 41 00:02:08,520 --> 00:02:13,919 Speaker 1: a little used Yes, there's a there's a little used 42 00:02:14,200 --> 00:02:21,600 Speaker 1: uhivisions that let's creators take back reclaimed reclaim ownership of 43 00:02:21,960 --> 00:02:24,960 Speaker 1: their creations after thirty five years, regardless of whether there 44 00:02:24,960 --> 00:02:28,200 Speaker 1: are previous agreements that say in perpetuity, etcetera. So that 45 00:02:28,440 --> 00:02:31,000 Speaker 1: is essentially where the Philly Fanatic is right now. Where 46 00:02:31,080 --> 00:02:33,720 Speaker 1: the couple, I believe it's a couple that we should 47 00:02:33,720 --> 00:02:36,120 Speaker 1: say they sold this. They sold the costom to the 48 00:02:36,160 --> 00:02:40,680 Speaker 1: Phillies in dred bucks. That's a good deal if you're 49 00:02:40,680 --> 00:02:43,640 Speaker 1: the Phillies. And then in the eighties I think created 50 00:02:43,680 --> 00:02:46,280 Speaker 1: an even more iron clad deal that gave the Phillies 51 00:02:46,320 --> 00:02:49,239 Speaker 1: the right forever to two and fifteen thousand, and that 52 00:02:49,400 --> 00:02:51,920 Speaker 1: still seems like a great deal. There you go and 53 00:02:51,960 --> 00:02:54,560 Speaker 1: now claiming that there is a provision that lets them 54 00:02:54,639 --> 00:02:58,320 Speaker 1: after thirty five years reclaim right to the Fanatic. I 55 00:02:58,360 --> 00:03:00,320 Speaker 1: don't know why in my in my phone or I 56 00:03:00,440 --> 00:03:04,680 Speaker 1: have something under Philly Fanatic, it is it still Dave? 57 00:03:05,880 --> 00:03:07,639 Speaker 1: I could his name is Dave Raymond or was? I 58 00:03:07,680 --> 00:03:09,240 Speaker 1: don't know if he's still the Philly Fanatic and this 59 00:03:09,280 --> 00:03:12,840 Speaker 1: goes back aways, but at one time Philly fanatic Dave Raymond, 60 00:03:12,880 --> 00:03:16,600 Speaker 1: it does sound like also this year, the Phillies are 61 00:03:16,680 --> 00:03:19,200 Speaker 1: changing a little bit about the fanatic. He may have 62 00:03:19,280 --> 00:03:21,000 Speaker 1: new shoes, he may have new socks, he may look 63 00:03:21,000 --> 00:03:24,359 Speaker 1: a little bit different. Is that an attempt to get 64 00:03:24,639 --> 00:03:27,480 Speaker 1: unclear if it is directly related to the legal problems. 65 00:03:27,600 --> 00:03:31,400 Speaker 1: Apparently the fanatic has made slight changes before in the past. Um, 66 00:03:31,440 --> 00:03:32,680 Speaker 1: but I think we're going to see a little bit 67 00:03:32,680 --> 00:03:34,840 Speaker 1: of a different fanatic for for Phillies fans out there 68 00:03:34,840 --> 00:03:37,520 Speaker 1: who might notice it. Uh. And it's again, it's unclear 69 00:03:37,560 --> 00:03:39,600 Speaker 1: to me, at least right now, whether that is an 70 00:03:39,600 --> 00:03:42,360 Speaker 1: attempt to maybe further distance itself from the original design, 71 00:03:42,640 --> 00:03:44,720 Speaker 1: or if this is just a question. I once went 72 00:03:44,800 --> 00:03:47,720 Speaker 1: on the website of the USPTO dot govn trademark to 73 00:03:47,880 --> 00:03:49,800 Speaker 1: term I don't feel the need to tell everybody what 74 00:03:49,840 --> 00:03:51,600 Speaker 1: it was, but I can search. I guess you can 75 00:03:51,640 --> 00:03:54,000 Speaker 1: find it easy enough. It's a PG show anyway. Yeah, 76 00:03:54,200 --> 00:03:56,200 Speaker 1: now that what I did. And as I was doing 77 00:03:56,200 --> 00:03:58,360 Speaker 1: it and spending the couple hundred hundred bucks whatever it was, 78 00:03:58,400 --> 00:04:00,480 Speaker 1: I kept thinking, like, all right, I think I did 79 00:04:00,480 --> 00:04:04,680 Speaker 1: this right, But surely some trademark and copyright attorney would 80 00:04:04,680 --> 00:04:06,360 Speaker 1: like find a loophole and be like, yeah, you didn't 81 00:04:06,400 --> 00:04:08,200 Speaker 1: hit this button, you didn't click the right thing, so 82 00:04:08,280 --> 00:04:10,440 Speaker 1: we can use it. You know, you're just some Latin 83 00:04:10,440 --> 00:04:16,200 Speaker 1: phrase you didn't include. Yeah, anybody free range, But Lebron 84 00:04:16,279 --> 00:04:18,360 Speaker 1: James is also you know, that's why we're talking about it, 85 00:04:18,360 --> 00:04:20,640 Speaker 1: because it isn't just a fanatic, it's also Lebron James. 86 00:04:21,279 --> 00:04:24,440 Speaker 1: More than is a phrase that Lebron James first use 87 00:04:24,480 --> 00:04:26,640 Speaker 1: a couple of years ago, is now showing up on 88 00:04:26,760 --> 00:04:30,080 Speaker 1: an uninterrupted apparel. He's wearing it. You know, it's showing 89 00:04:30,160 --> 00:04:33,000 Speaker 1: up in video games. Uh. There is a nonprofit in 90 00:04:33,040 --> 00:04:36,960 Speaker 1: Maryland that claims to have trade main Plan Gameplay Youth 91 00:04:37,000 --> 00:04:40,320 Speaker 1: Development Advocacy organization claims to have trademarked more than an 92 00:04:40,360 --> 00:04:43,240 Speaker 1: athlete for use for commercial use. So that's they're they're 93 00:04:43,560 --> 00:04:46,680 Speaker 1: copyright was I am more than an athlete? Okay? So 94 00:04:46,760 --> 00:04:49,640 Speaker 1: but yes, yes, still they're not saying they came up 95 00:04:49,640 --> 00:04:52,440 Speaker 1: with the phrase. They're just saying that they own it 96 00:04:52,480 --> 00:04:55,200 Speaker 1: for for commercial use. Well, they tried to block Lebron 97 00:04:55,240 --> 00:04:58,599 Speaker 1: from registering more than an athlete. That obviously did not work. 98 00:04:59,400 --> 00:05:01,000 Speaker 1: So you know, we'll see where that pans out to. 99 00:05:01,080 --> 00:05:03,200 Speaker 1: I mean, but I feel like we talked about copyright 100 00:05:03,360 --> 00:05:05,200 Speaker 1: maybe once a month on the show. I feel like 101 00:05:05,200 --> 00:05:07,800 Speaker 1: there's always you know, Nike and Sketchers had a very 102 00:05:07,800 --> 00:05:10,279 Speaker 1: prolonged battle. Sketchers and Adidas, I believe also had a 103 00:05:10,360 --> 00:05:14,680 Speaker 1: very prolonged battle. You see these things popmember Tom Terrific, right, 104 00:05:14,720 --> 00:05:17,320 Speaker 1: which you know Tom Brady tried to try to trademark 105 00:05:17,400 --> 00:05:20,440 Speaker 1: and Tom Seaver and Mets fans. But I've got with 106 00:05:20,520 --> 00:05:23,880 Speaker 1: that because it's like as an old school there was 107 00:05:23,920 --> 00:05:28,920 Speaker 1: the old cartoon Tom Terrific. So how can anybody we 108 00:05:29,040 --> 00:05:30,680 Speaker 1: Lebron has had this a lot when he tried to 109 00:05:31,480 --> 00:05:33,440 Speaker 1: do the barbershop show too, when he tried to stop 110 00:05:33,440 --> 00:05:36,839 Speaker 1: others something like whoa, whoa, whoa, Like I've seen lots 111 00:05:36,880 --> 00:05:40,919 Speaker 1: of shows shot in barbershops and this is not new genre. 112 00:05:41,360 --> 00:05:42,800 Speaker 1: And we should say, by the way, Nike is also 113 00:05:42,800 --> 00:05:44,760 Speaker 1: selling T shirts with you know, the I'm one of 114 00:05:44,760 --> 00:05:46,360 Speaker 1: the more than an athlete on it as well. So 115 00:05:46,680 --> 00:05:50,800 Speaker 1: wide ranging implications. Let's move very quickly to the Tokyo. 116 00:05:51,760 --> 00:05:54,320 Speaker 1: Well that's true, we don't have to go quickly. Tim 117 00:05:54,360 --> 00:05:58,400 Speaker 1: Harrow's got all day behind the way uh Tokyo Olympics, 118 00:05:58,440 --> 00:06:02,200 Speaker 1: the organizers and the Japanese government have gone on the offense. 119 00:06:02,240 --> 00:06:06,200 Speaker 1: So following a senior IOC members saying the games are 120 00:06:06,200 --> 00:06:09,680 Speaker 1: being threatened by the spread of the coronavirus, even a 121 00:06:09,680 --> 00:06:13,359 Speaker 1: lot of headlines came out of Dick Pounds comments like 122 00:06:13,640 --> 00:06:16,200 Speaker 1: gotta be canceled the Olympics in three months if not? 123 00:06:16,560 --> 00:06:20,719 Speaker 1: I mean that was the takeaway. What's your interpretation of 124 00:06:20,880 --> 00:06:23,600 Speaker 1: what he said and where? So? I spoke with with 125 00:06:23,640 --> 00:06:25,880 Speaker 1: Dick Pound this week as well. For folks who don't know, 126 00:06:25,920 --> 00:06:29,240 Speaker 1: Dick Pound is the longest serving member of the IOC. 127 00:06:29,400 --> 00:06:32,680 Speaker 1: He's been an IOC member since the late seventies, so 128 00:06:32,760 --> 00:06:35,400 Speaker 1: he's seen a lot of Olympic movements. He's been around 129 00:06:35,400 --> 00:06:37,360 Speaker 1: for a lot. Um. And what he told me, and 130 00:06:37,440 --> 00:06:39,719 Speaker 1: he told other people as well, is that, you know, 131 00:06:39,800 --> 00:06:43,240 Speaker 1: coronavirus certainly a concern. You know, we're five months out 132 00:06:43,320 --> 00:06:46,440 Speaker 1: right now. Um, everybody is talking about it. The IOC 133 00:06:46,680 --> 00:06:50,400 Speaker 1: is obviously worried about it. Um, it's not an immediate 134 00:06:50,440 --> 00:06:54,560 Speaker 1: immediate concern. They have time. Um. He essentially said, two 135 00:06:54,600 --> 00:06:58,279 Speaker 1: months out is around the time when you start to 136 00:06:58,279 --> 00:07:03,160 Speaker 1: make decisions that can't be unwound. So ideally sponsors, athletes, 137 00:07:03,360 --> 00:07:08,080 Speaker 1: organizing committees, host caters, hotels, they all need to know 138 00:07:08,160 --> 00:07:11,480 Speaker 1: around late May is this thing happening. People have to 139 00:07:11,520 --> 00:07:15,120 Speaker 1: book their reservations, their flights. Yeah, I think And in 140 00:07:15,200 --> 00:07:19,280 Speaker 1: talking to Dick, it's certainly seems that every Olympic cycle 141 00:07:19,320 --> 00:07:21,880 Speaker 1: there's something that comes up. Right. If in Russia it 142 00:07:21,960 --> 00:07:25,520 Speaker 1: was geopolitical concerns, in South Korea, also geopolitical concerns, it 143 00:07:25,560 --> 00:07:30,200 Speaker 1: was Zeka four years ago in Brazil. This coronavirus seems 144 00:07:30,240 --> 00:07:33,680 Speaker 1: like the biggest threat in modern day Olympics that can 145 00:07:33,720 --> 00:07:38,360 Speaker 1: I jump to doomsday scenario? This grows, it's a public 146 00:07:38,400 --> 00:07:42,000 Speaker 1: health emergency in Tokyo and they have no choice but 147 00:07:42,120 --> 00:07:44,200 Speaker 1: to cancel the game. What does that look like from 148 00:07:44,200 --> 00:07:46,360 Speaker 1: a dollars and cent standpoint? So so it's massive. And 149 00:07:46,400 --> 00:07:48,400 Speaker 1: the big question there, which we don't have all that 150 00:07:48,520 --> 00:07:51,880 Speaker 1: much insight in, is insurance. How much insurance does the 151 00:07:51,880 --> 00:07:53,920 Speaker 1: IOC have because they have a lot, How much insurance 152 00:07:53,960 --> 00:07:57,120 Speaker 1: do partners like NBC have because they also have a lot. 153 00:07:57,200 --> 00:07:59,960 Speaker 1: How much insurance do sponsors have? But outside of insurance, 154 00:08:00,440 --> 00:08:03,400 Speaker 1: the IOC has been preparing for this possibility for a 155 00:08:03,400 --> 00:08:05,800 Speaker 1: while Now, back in two thousand one, a lot of 156 00:08:05,840 --> 00:08:08,640 Speaker 1: the smaller sports, so not soccer, not basketball, but you 157 00:08:08,680 --> 00:08:10,840 Speaker 1: know sports like judo volleyball went to the IO s 158 00:08:10,880 --> 00:08:13,680 Speaker 1: A and said, listen, we rely so heavily on the 159 00:08:13,720 --> 00:08:16,160 Speaker 1: money that you distribute every four years, which is essentially 160 00:08:16,160 --> 00:08:19,160 Speaker 1: money that they get from sponsorships and TV. What happens 161 00:08:19,160 --> 00:08:21,640 Speaker 1: if a games gets canceled. We might not be able 162 00:08:21,640 --> 00:08:24,080 Speaker 1: to survive the four years until the next Olympics. So 163 00:08:24,120 --> 00:08:26,840 Speaker 1: the IOC put together a reserve fund started funneling money 164 00:08:26,880 --> 00:08:30,120 Speaker 1: into it, essentially for you know, the unfortunate scenario in 165 00:08:30,240 --> 00:08:32,959 Speaker 1: which at games games got canceled. That fund is now 166 00:08:33,040 --> 00:08:35,079 Speaker 1: over is right around a billion dollars a little under 167 00:08:35,120 --> 00:08:39,240 Speaker 1: a billion um And if worst case scenario happens and 168 00:08:39,240 --> 00:08:42,920 Speaker 1: and the Tokyo Olympics don't happen, that is a pool 169 00:08:42,960 --> 00:08:45,640 Speaker 1: of money that will be distributed to sports to help 170 00:08:45,760 --> 00:08:49,600 Speaker 1: keep the international athletic movement alive over the next four years. 171 00:08:49,800 --> 00:08:52,280 Speaker 1: And that's tremendously valuable, right that that could be. That 172 00:08:52,280 --> 00:08:54,559 Speaker 1: could be the difference for a lot of sports between 173 00:08:54,559 --> 00:08:59,160 Speaker 1: being able to keep holding and hosting athletes for World Championships, etcetera. Uh, 174 00:08:59,280 --> 00:09:02,800 Speaker 1: and not being they continue, Can they move it just 175 00:09:02,960 --> 00:09:05,679 Speaker 1: to a year later so that that that's a good question. 176 00:09:05,679 --> 00:09:11,360 Speaker 1: So they can't move it city, Um, it's too much 177 00:09:11,400 --> 00:09:13,480 Speaker 1: of a there's too much going on to move it 178 00:09:13,520 --> 00:09:16,720 Speaker 1: to say London or to Berlin or whatever. Um could 179 00:09:16,720 --> 00:09:20,200 Speaker 1: they maybe delay it a year? Possibly, but the amount 180 00:09:20,200 --> 00:09:24,079 Speaker 1: of stuff that needs to training for the athletes are 181 00:09:24,160 --> 00:09:26,800 Speaker 1: and then finding blocking off the hotels is probably going 182 00:09:26,840 --> 00:09:28,960 Speaker 1: to be impossible in that In that capacity, then you're 183 00:09:29,040 --> 00:09:32,400 Speaker 1: running up against already scheduled World championships in off years 184 00:09:32,440 --> 00:09:35,560 Speaker 1: and things like that. Also, athletes, you know, they train 185 00:09:35,840 --> 00:09:38,280 Speaker 1: very specifically to peak at this exact moment. You know, 186 00:09:38,360 --> 00:09:41,679 Speaker 1: having to reset that schedule is also tremendously difficult. You 187 00:09:41,679 --> 00:09:44,120 Speaker 1: don't get your breakfast or specific time because you want 188 00:09:44,120 --> 00:09:45,559 Speaker 1: to be peaked at you know, when you get home 189 00:09:45,559 --> 00:09:48,320 Speaker 1: for lunch. That's what athletes do like in real training. 190 00:09:51,400 --> 00:09:53,400 Speaker 1: So yeah, you know, it's it's a good question. The 191 00:09:53,679 --> 00:09:57,240 Speaker 1: one that I have wondered about is if if maybe 192 00:09:57,240 --> 00:10:00,640 Speaker 1: we reach a scenario where it's un safe to send 193 00:10:00,679 --> 00:10:04,080 Speaker 1: people spectators to the games, but if they feel like 194 00:10:04,120 --> 00:10:07,120 Speaker 1: they can maybe host the athletes in a way so 195 00:10:07,120 --> 00:10:09,520 Speaker 1: that maybe there's not people watching in the stands, but 196 00:10:09,640 --> 00:10:11,920 Speaker 1: it's it's still a media property, is still a television property. 197 00:10:11,920 --> 00:10:13,319 Speaker 1: I think they don't play the world like you don't 198 00:10:13,320 --> 00:10:15,680 Speaker 1: want to have the athletes village. That's the tough everybody 199 00:10:17,160 --> 00:10:20,120 Speaker 1: want to do its own thing. Yes, and again we 200 00:10:20,160 --> 00:10:22,000 Speaker 1: have talked to folks at the USC about that as well. 201 00:10:22,320 --> 00:10:24,440 Speaker 1: You know that that looks great if the USC can 202 00:10:24,480 --> 00:10:26,480 Speaker 1: find a place to put its seven hundred athletes and 203 00:10:26,520 --> 00:10:29,440 Speaker 1: it's over a thousand coaches and trainers. But you know, 204 00:10:29,480 --> 00:10:32,320 Speaker 1: not every country can do that, not every exact and 205 00:10:32,320 --> 00:10:34,760 Speaker 1: there's not even space in Tokyo to let all the 206 00:10:34,880 --> 00:10:37,240 Speaker 1: you know, two hundred countries do their own kind of 207 00:10:37,240 --> 00:10:40,800 Speaker 1: separate thing. So you know, I really sincerely think we're 208 00:10:40,840 --> 00:10:43,600 Speaker 1: looking at an event that happens as scheduled or an 209 00:10:43,600 --> 00:10:46,920 Speaker 1: event that probably gets canceled. Let's talk about the NFL's 210 00:10:46,920 --> 00:10:49,959 Speaker 1: proposed c b A to go to an approval vote 211 00:10:50,200 --> 00:10:52,560 Speaker 1: of all players. That's according to what the union is 212 00:10:52,559 --> 00:10:54,520 Speaker 1: saying after one in the morning, and I sent them 213 00:10:54,520 --> 00:10:57,640 Speaker 1: a note today going what's going on here? A m 214 00:10:57,760 --> 00:10:59,920 Speaker 1: New York time. They're putting out statements that the player 215 00:11:00,040 --> 00:11:04,440 Speaker 1: reps voted to allow uh the cb A proposal to 216 00:11:04,480 --> 00:11:07,240 Speaker 1: be put forth to the entire membership. That was the 217 00:11:07,240 --> 00:11:10,199 Speaker 1: harder hurdle. It seems. It seems as if getting past 218 00:11:10,320 --> 00:11:13,240 Speaker 1: that player rep panel was harder than what they're about 219 00:11:13,240 --> 00:11:16,240 Speaker 1: to do. The first panel recommended not no. Yeah, the 220 00:11:16,280 --> 00:11:18,960 Speaker 1: first panel was a no. It looks like Richard Sherman 221 00:11:19,280 --> 00:11:24,320 Speaker 1: abstained the form guest of the pod. So now the 222 00:11:24,360 --> 00:11:27,760 Speaker 1: proposal seventeen game season is the big highlight that goes 223 00:11:27,840 --> 00:11:31,400 Speaker 1: to every single active NFL player. All they need is 224 00:11:31,440 --> 00:11:35,800 Speaker 1: a simple majority. You would think the financial concessions made 225 00:11:35,840 --> 00:11:40,520 Speaker 1: by the league, higher percentage of revenue, higher minimum salary um, 226 00:11:40,640 --> 00:11:44,000 Speaker 1: that the rank and file will probably vote to except 227 00:11:44,080 --> 00:11:47,800 Speaker 1: and play. The biggest criticism I see out there from 228 00:11:47,840 --> 00:11:50,760 Speaker 1: those who watch this is the term of the deal. 229 00:11:51,240 --> 00:11:55,839 Speaker 1: A ten year labor contract in in a in a 230 00:11:55,880 --> 00:11:59,080 Speaker 1: sport where the average length is about three years of 231 00:11:59,080 --> 00:12:03,839 Speaker 1: a career, in a world where things change so rapidly, 232 00:12:04,880 --> 00:12:08,800 Speaker 1: especially in technology and media and the ability to monetize 233 00:12:08,840 --> 00:12:12,720 Speaker 1: those things. Uh, that's an eternity. So let's see what 234 00:12:12,760 --> 00:12:15,040 Speaker 1: the players do. Yeah, and you can understand why the 235 00:12:15,080 --> 00:12:17,720 Speaker 1: owners want that ten year contract. Right when you're sitting 236 00:12:17,760 --> 00:12:20,640 Speaker 1: across this table at you know, with with Fox, with CBS, 237 00:12:20,679 --> 00:12:23,480 Speaker 1: with NBC, with Amazon, whoever it is negotiating these new teams. 238 00:12:23,679 --> 00:12:27,680 Speaker 1: Watching Viacom CBS take a real hit up question in value, 239 00:12:27,800 --> 00:12:29,480 Speaker 1: it's been a bad it's been a bad week for 240 00:12:29,480 --> 00:12:32,679 Speaker 1: the markets, obviously for coronavirus, which we just discussed. Um 241 00:12:33,200 --> 00:12:36,000 Speaker 1: one thing that I wanted to ask folks who know 242 00:12:36,080 --> 00:12:39,320 Speaker 1: how all these deals work across leagues. The nb NFL 243 00:12:39,400 --> 00:12:42,400 Speaker 1: right now gets I believe the lowest percentage of of 244 00:12:42,440 --> 00:12:47,400 Speaker 1: revenue total shared revenue. The NBA is around NHLs at fifty. 245 00:12:47,440 --> 00:12:49,440 Speaker 1: Baseball kind of fluctuates up and down. The forty eight 246 00:12:49,480 --> 00:12:52,000 Speaker 1: seems to be kind of the way bottom NFL under 247 00:12:52,000 --> 00:12:54,040 Speaker 1: this deal would start at forty eight, maybe get to 248 00:12:54,120 --> 00:12:57,280 Speaker 1: forty eight and a half with possibilities more, given that 249 00:12:57,320 --> 00:13:00,160 Speaker 1: the league may the NFL league wide makes way more 250 00:13:00,160 --> 00:13:02,520 Speaker 1: revenue than all the other leagues. Why is the players 251 00:13:02,520 --> 00:13:04,920 Speaker 1: share in the NFL so much lower than it is 252 00:13:04,960 --> 00:13:07,880 Speaker 1: another league they have way more players. Yeah, it's that's 253 00:13:07,920 --> 00:13:12,120 Speaker 1: just a byproduct of you have how many players per 254 00:13:12,160 --> 00:13:15,320 Speaker 1: team versus NBA. But the pool that goes to players, 255 00:13:15,760 --> 00:13:19,720 Speaker 1: whether it's ten roster whatever. I'm just I think it's 256 00:13:19,760 --> 00:13:22,400 Speaker 1: interesting that the league that makes by far the most 257 00:13:22,440 --> 00:13:25,960 Speaker 1: money also shares the least percentage wise with its players. 258 00:13:26,040 --> 00:13:28,600 Speaker 1: You have been listening to the Bloomberg Business of Sports 259 00:13:28,600 --> 00:13:31,080 Speaker 1: podcast on Michael Barr along with Scott Sash and they 260 00:13:31,080 --> 00:13:33,680 Speaker 1: Can't Have but Nobody Gooding. We are here every Monday, 261 00:13:33,760 --> 00:13:36,240 Speaker 1: Wednesday and Thursday exploring the world of money in sports. 262 00:13:36,240 --> 00:13:37,360 Speaker 1: You woin us again at the end of the week. 263 00:13:37,400 --> 00:13:39,880 Speaker 1: We continue to speak with the biggest and brightest in 264 00:13:39,920 --> 00:13:43,360 Speaker 1: the sports business world. You are listening to Bloomberg Business 265 00:13:43,360 --> 00:13:46,319 Speaker 1: of Sports on Bloomberg Radio around the world and online 266 00:13:46,360 --> 00:13:47,920 Speaker 1: wherever you get your podcasts.