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Speaker 1: This is the business of sports. Should Major League Baseball

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Speaker 1: shorten up the season? How do we present football to

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Speaker 1: the audience of the future. I don't think that most

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Speaker 1: players understand the power that they have. Michael. The future

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Speaker 1: of IndyCar racing is looking bright. Scott Sash, very basic

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Speaker 1: math here, more bidders means more money. Evan Nobody Williams.

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Speaker 1: The team value has essentially quadrupled, and the leaders in

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Speaker 1: the sports industry time to bring in our guest, hal Steinbrunner,

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Speaker 1: National Hockey League Commissioner Gary Bettman, Atlanta Braves president Derek Schiller,

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Speaker 1: Patriots President Jonathan Kraft. Bloomberg Business of Sports from Bloomberg Radio. Hello,

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Speaker 1: I'm Scott Sash, I'm Evan Noby Williams. I'm Michael Barr.

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Speaker 1: This is the Bloomberg Business of Sports podcast. You know,

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Speaker 1: I'm not even bother where we explore never never do

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Speaker 1: and the big money issues in the world of sports.

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Speaker 1: And today, let's pick out curtains, guys. Yeah, let's go

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Speaker 1: a little uh, a little house shopping. You know why

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Speaker 1: I kind of like this one bar because, as I

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Speaker 1: told emen earlier, it's the kind of story that really

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Speaker 1: illustrates the industry that fans sitting at home would never

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Speaker 1: think about. It's just not gonna get into the consciousness.

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Speaker 1: But this is the kind of thing that goes on

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Speaker 1: behind the scenes. Every time we say these things, these teams,

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Speaker 1: these franchises, they're not civic trust. Their businesses behind the curtain,

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Speaker 1: they are. Well, now everything, you know what we're pulling

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Speaker 1: the curtain. You know it's not it's not the wizard

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Speaker 1: behind the curtain anymore. By the way, with the curtains

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Speaker 1: go for what four point six million dollar curtain? Mr

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Speaker 1: Novie Williams, you care to explain? Yeah, for people who

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Speaker 1: are a little confused. Going opening here, um USA US

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Speaker 1: Bank Stadium, the stadium where the Minnesota Vikings play, which

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Speaker 1: is hosting the n c A Final Four, the held

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Speaker 1: the Super Bowl, held the Super Bowl a couple years ago.

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Speaker 1: Beautiful stadium, all glass. Yeah, it's a it's it's so nice.

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Speaker 1: That's the glasses so is so crystal clear that the

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Speaker 1: birds were flying into it and dying, which is the problem.

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Speaker 1: I told you that happened in my elementary school and

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Speaker 1: they the kids paint pictures and we put it up

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Speaker 1: on the glass so the birds would stop flying into

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Speaker 1: the glass tragic, and we can discuss that broken next here. Anyway,

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Speaker 1: the stadium announced that for the Final Four, to host

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Speaker 1: the Final Four, they need to essentially black out all

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Speaker 1: of the glass and they're going to spend four point

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Speaker 1: six million dollars to hang blackout curtains kind of around

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Speaker 1: the stadium and then to put curtains on top of

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Speaker 1: the roof as well. But the same reason that everything

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Speaker 1: happens in sports business, because the media wants thats a

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Speaker 1: lot of money to broadcast these games. They're on a

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Speaker 1: twenty three year deal. I believe it's worth billions of

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Speaker 1: dollars um and they want, you know, some kind of

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Speaker 1: consistency from the lighting. Can I say, let me do

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Speaker 1: the Can I do the quote? Just for fun? Alright?

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Speaker 1: So this is from was his name Patrick Talty? Sorry

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Speaker 1: if I pronounced that incorrectly, but I think it's Patrick Talty,

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Speaker 1: The stadium's general manager said, and I quote the sun

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Speaker 1: and the views, that's what makes the stadium unique and

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Speaker 1: be utiful. But the bid for the Final Four required

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Speaker 1: a way to darken the venue and keep lighting consistent

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Speaker 1: for televising the games. So for the first part of

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Speaker 1: April quote, we have to take our biggest asset away.

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Speaker 1: Think about that. And and to be to be clear,

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Speaker 1: this this doesn't suddenly pop up for them that it's

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Speaker 1: we've it was part of the bid that they were

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Speaker 1: gonna have a darkening solution. Um. It's amazing to me

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Speaker 1: because the stadium is not is not all that old, right,

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Speaker 1: It's it's probably three or four maybe five years maximum old. Um,

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Speaker 1: they knew that they wanted to be bidding for events,

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Speaker 1: you know, not just Super Bowls. But you know, they

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Speaker 1: had the NFL Draft coming up. They've got there, they're

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Speaker 1: they're they're they're bidding for the NFL Draft coming up. Um,

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Speaker 1: they've got the n c A Final four. Uh. And

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Speaker 1: they said, I mean that you didn't finish the quote,

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Speaker 1: but but at one point that the same man, Talty says,

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Speaker 1: you know, this is an investment. This makes us a

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Speaker 1: much more lucrative type venue for a lot of events.

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Speaker 1: And Michael chairman of the Minnesota Sports Facilities AFAR, they

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Speaker 1: both said it I believe Um either way, Um, the

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Speaker 1: pit cheer, you know it's it's four point six million dollars.

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Speaker 1: It's coming out of the capital fund for the Metropolitan

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Speaker 1: Sport Facility Authority. Um, it's an investment that they believe

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Speaker 1: is actually going to pay off on the back end

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Speaker 1: because whether it's religious groups, whether it's so their concerts,

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Speaker 1: whether it's sporting events, this theoretically makes them more enticing

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Speaker 1: to host events. And they use it for Garth Brooks

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Speaker 1: coming up. They say it helps the acoustics as well.

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Speaker 1: I gotta tell you a coincident that's just happened as

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Speaker 1: we're talking about that. Well, let me tell you what

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Speaker 1: just happened. We're we're sitting here talking and all of

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Speaker 1: a sudden it got dimmer in the room. And I'm like,

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Speaker 1: what happened? Are the lights dimming? With all due respect,

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Speaker 1: I've seen that confusing what we've got because of what

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Speaker 1: we are we have we have as well. We have

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Speaker 1: a glass building. So what just happened simply is that

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Speaker 1: a cloud went over past the sun and that's why

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Speaker 1: the room got darker. We have got cataracts, but that's

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Speaker 1: what just happened. We have the automatic shades for cooling

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Speaker 1: and heating, so like the west will go down in

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Speaker 1: the afternoon, So I mean, that's if you're sitting at

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Speaker 1: your desk all of a sudden, you know, you don't

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Speaker 1: want to get scared when when the shade automatically comes

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Speaker 1: down in the middle of the afternoon. But it's just

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Speaker 1: I just want people to think about the business of

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Speaker 1: sport that you wouldn't even think of this. Hey, that

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Speaker 1: curtains up and why but four and a half million

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Speaker 1: dollars because the bid requires a consistent lighting for television.

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Speaker 1: There you go, and by the way, in a facility

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Speaker 1: that says, our biggest perk is the sun, the views,

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Speaker 1: the light. Let's take it all away because that's what

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Speaker 1: we need to do for TV to get these big events.

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Speaker 1: And again it's it's a it's the cost over a

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Speaker 1: billion dollars and it opened in two thousand sixty old, right,

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Speaker 1: you'd think that, you know, built into the construction process.

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Speaker 1: Maybe if they had known, you know, or maybe they

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Speaker 1: didn't know already. Shades, Yeah, there are some kind of

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Speaker 1: process that isn't seventy five individual custom made panels that

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Speaker 1: workers need to get on the roof and drop it

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Speaker 1: knowledge like on one by one And for anyone who's

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Speaker 1: ever gotten on either a chair or one of those

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Speaker 1: little flimsy stepsules at home, because you have to hang

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Speaker 1: a shade on the rod, you know, that's the installation

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Speaker 1: or removal of the shape. They take a crew of

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Speaker 1: twenty workers up to a week. They go up to

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Speaker 1: the catwalk and they have to pull the panels. Twenty

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Speaker 1: five guys a week to install this stuff. Oh my goodness,

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Speaker 1: there you go. We gotta move on. And this this

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Speaker 1: is a very serious topic. And this involves the Giant

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Speaker 1: CEO and he's taking a leave of absence because apparently

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Speaker 1: there was a tape scuffle with his wife, which if

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Speaker 1: you've been on any of the online sites you might

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Speaker 1: have seen it, not surprisingly first put out there by TMZ. Yeah,

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Speaker 1: this is this is bad and if you see it,

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Speaker 1: it's it's not good. Well, you know, when you say

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Speaker 1: you go from bad to worse. His immediate reaction, how

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Speaker 1: in this day and age, Well, my wife had it

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Speaker 1: was I had a bad foot and she fell. Well,

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Speaker 1: he said, the matter is resolved. Resolve. No, no, no, no,

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Speaker 1: it's not resolved. You're you're you're you're on tape. You know,

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Speaker 1: your wife is screaming for help as you're you're like

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Speaker 1: wrestling something, the phone away from her and she goes

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Speaker 1: down to the ground. No, no, no, no, not resolved.

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Speaker 1: No apology, and he said, obviously it's embarrassing. Yes, obviously

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Speaker 1: it's embarrassing. How about oh, my lord, like, my behavior

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Speaker 1: was absolutely inappropriate. This cannot be Yeah, just the immediate

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Speaker 1: reaction was was not good. Well, the league is obviously

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Speaker 1: they got to take action. Well, they certainly can. They're

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Speaker 1: looking into it. You know. Yeah, he's stepping away right now,

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Speaker 1: and they're being run by committee. I guess you know.

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Speaker 1: Larry's Larry is one of the biggest and brightest, Like

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Speaker 1: what we say when we have biggest and brightest on

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Speaker 1: the show, Larry is one of them. Yeah, I mean,

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Speaker 1: how does the I'm always curious about when you take

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Speaker 1: a leave of absence, But you're the guy who decides

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Speaker 1: if you're coming back too early from your league of

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Speaker 1: I mean Major League Baseball and ownership. Okay, we'll decide. Yeah. Well,

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Speaker 1: I mean, first of all, what does this do for

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Speaker 1: the San Francisco Giants. Let me let's start right there.

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Speaker 1: What does that do for the team when this is

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Speaker 1: going through? I mean, is this a morale killer or whatever?

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Speaker 1: I I don't frankly, my insensitives. I don't think the

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Speaker 1: players really like the players are getting ready for there

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Speaker 1: in spring brightnon and training and they're getting ready for

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Speaker 1: the start of the season. So this is just more

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Speaker 1: about front office and management. And it's been a tough

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Speaker 1: offseason for the Giants. The principal owner, Charles Johnson, got

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Speaker 1: into you know, hot water a couple of months ago

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Speaker 1: when he was donating to that Southern politician who made

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Speaker 1: the made the lynching joke. Um, so you know this,

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Speaker 1: this just adds to what has been a kind of

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Speaker 1: a weird front office ownership offseason for the Giants. But

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Speaker 1: I agree with you, and I don't think this necessarily

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Speaker 1: really affects the team unless you know, he has to leave, right,

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Speaker 1: I mean, unless there is like a firm change at

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Speaker 1: the at the direction and at the helm of the team.

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Speaker 1: You know what I'm expecting. And what is it? It's Monday,

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Speaker 1: right where Monday? Oh no, what's today Wednesday? We do

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Speaker 1: it Monday, Wednesday, Thursday or whatever. Today's today's Wednesday. Let's

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Speaker 1: say we got noon, uh Pacific time. San Francisco Giants

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Speaker 1: signed Barry Bonds. Change the topic. We gotta change the

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Speaker 1: topic of the Giants. You gotta change the topic. Speaking

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Speaker 1: of change the topic, maybe we should do that. I

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Speaker 1: gave you the segue I like it. Jim Delaney Big

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Speaker 1: Ten Commission, he's retiring. Yeah, pretty big news out in

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Speaker 1: in college sports. Jim Delaney, who's run the Big Ten,

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Speaker 1: especially my entire life since since the late years of

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Speaker 1: the late eighties. Um, by the way, Medina is doing

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Speaker 1: something behind the glass. She didn't hear the joke. She

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Speaker 1: didn't want I mean nothing. No. I thought for sure

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Speaker 1: that was a Medina Chiman not happening. What happened exactly

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Speaker 1: when you listen back to the show, you let us know. Anyway,

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Speaker 1: Jim Delaney, who's running the Big Ten for for thirty years,

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Speaker 1: is announced that he is going to be stepping down

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Speaker 1: when his term ends. In hard to underscore you know

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Speaker 1: how much he's done for you know, changing always the

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Speaker 1: word understod how much he's done to change you know,

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Speaker 1: both the college football and college sports landscaper at large

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Speaker 1: and also titan for the Big Ten. Yeah, he added

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Speaker 1: Penn State shortly into his tenure. You know, he was

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Speaker 1: obviously responsible for adding Nebraska and Rutgers and Maryland. From

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Speaker 1: a business standpoint, slam dunks all of them. The share

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Speaker 1: the teams UH get from the Big Ten each year,

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Speaker 1: I think in five million it was fifty million this year. UM.

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Speaker 1: That's a significant amount more UM. If you look, if

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Speaker 1: you look at essentially the money flowing in college sports

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Speaker 1: right now, the sec IS is a giant. Of course,

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Speaker 1: the Big Ten is right next to it. UM, and

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Speaker 1: that is largely due to Jim Delaney. So you know,

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Speaker 1: big change is happening in college sports. What's sad is

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Speaker 1: that when you said that basically all your life. I

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Speaker 1: remember back in Detroit, and I used to work for

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Speaker 1: an affiliate you get Detroit, Detroit, I know, and we

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Speaker 1: thank you very much. And we broadcast the University of

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Speaker 1: Michigan football games, and I remember when this story came out.

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Speaker 1: We were covering this story. I'm Michigan man, Michigan, Michigan football,

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Speaker 1: Michigan man. Wow, I mean yeah, he's I mean, it's

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Speaker 1: it's hard to imagine. Now, well's I give him another

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Speaker 1: seguey and he let it go a Michigan man. But

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Speaker 1: let's talk about a woman. Just Mendoza. Okay, yeah, but

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Speaker 1: I get what you're saying. But I was Twitter poll.

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Speaker 1: Does bar get what I'm saying? Linda? Probably exactly. I

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Speaker 1: was just going to say before we got into Jasmindo,

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Speaker 1: is that that. Look, it's it's hard to imagine the

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Speaker 1: league because for so many years with this guy who

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Speaker 1: has been in at the helm. I'm trying to think

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Speaker 1: who was there before that. I don't know. That's that's

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Speaker 1: the point. You said, like, yes, who was the NBA

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Speaker 1: commissioner before David's turn? Who? Yes, see, wait a minute,

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Speaker 1: before David Stern. I mean it's a Stern. Yea who

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Speaker 1: was before David Stern. It's one of those when you

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Speaker 1: have a longevity. The correct answer is Larry O'Brien. That's

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Speaker 1: what I'm saying. The trophy is named, by the way,

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Speaker 1: just for fun. He was the head of the d

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Speaker 1: n C. It was his office that was broken into

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Speaker 1: in the Watergate. You are right, you are you are right, sir.

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Speaker 1: Don't say you don't learn anything here. You may not

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Speaker 1: know what day of the week it is, but i'll

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Speaker 1: bring stats the history lesson, thank you very much. I

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Speaker 1: didn't even know that, you go. You mean I didn't

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Speaker 1: even like, what do you mean even I didn't know

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Speaker 1: well because I don't know, okay, just putting yourself up

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Speaker 1: sort of historical pedestal, right there. Even I didn't know well,

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Speaker 1: I mean, even Medina didn't know that. Oh man, we

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Speaker 1: we knew Bar wouldn't know anything. Well, let's talk about

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Speaker 1: Jeff Mendoza. Go ahead of Jeff Mendoza. Sorry to interrupt you, Eben,

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Speaker 1: but join it now. Sipping his coffee tea whatever he's

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Speaker 1: got over there. This is actually a fun, fun story.

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Speaker 1: Jeff Mendoza, Sunday Night Baseball analyst was recently hired by

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Speaker 1: the New York Mets. She will work under GM Brody

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Speaker 1: van Wage in UM and also keep her job at ESPN,

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Speaker 1: which is not, you know, by any means, the first

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Speaker 1: time that that someone who is being paid directly by

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Speaker 1: a franchise has also worked on the broadcast side for

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Speaker 1: a network. But um, I do think it raises kind

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Speaker 1: of some interesting questions about, you know, conflicts of interest.

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Speaker 1: And I could have just said when you said, it's

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Speaker 1: not the first time, I could have said, c C,

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Speaker 1: there you go, thank you. Yeah. So so also recently,

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Speaker 1: uh yes, with Spanish and we're gonna go into CC.

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Speaker 1: You see that Bard, you have been on a roll

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Speaker 1: all morning. I have to say. Yankees pitcher CC Sabathia

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Speaker 1: will also be working with ESPN as an analyst kind

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Speaker 1: of throughout the season. The Mets. Also after or right

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Speaker 1: before hiring Jeff Mendoza, hired Al Lighter, former Mets pitcher

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Speaker 1: former Yankees picture also but is also you know, on

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Speaker 1: the media side at s N y UM. So you know,

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Speaker 1: there's a lot of questions here. I mean, primarily for me.

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Speaker 1: You know, Jeff Mendoza worked for Sunday Night Baseball. It's

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Speaker 1: the principal broadcast every week. You know that crew sits

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Speaker 1: down in production meetings, they get they get a lot

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Speaker 1: of access to the teams that are there. If you,

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Speaker 1: if you work for how do you feel about sitting

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Speaker 1: in a production meeting with Jeff Mendoza knowing that she's

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Speaker 1: on the payroll for for one of your big division revals, right?

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Speaker 1: I don't feel great about it, But that's their issue

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Speaker 1: to figure out. Im in ESPN is okay with it.

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Speaker 1: They're the employer. You know, if somebody limits their access

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Speaker 1: because of it, it'll hurt her performance at ESPN. And

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Speaker 1: and by the way, I want to go on the record,

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Speaker 1: she's fantastic on Sunday Night Baseball really for sure. And

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Speaker 1: you know, and there's for for people out there who

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Speaker 1: might be wondering, there's there's always conflicts of interest at

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Speaker 1: these networks, right because they pay billions of dollars for

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Speaker 1: the rights to broadcast these games and they employ journalists

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Speaker 1: who objectively cover those same sports. Um, this feels like

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Speaker 1: it's a little different kind of conflict of interest than

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Speaker 1: that inherent one. But just by the way, on the

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Speaker 1: bigger scale, kudos to Brody, like, shake it up, something

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Speaker 1: different outside the box, however you want to label it.

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Speaker 1: I mean, she's gonna be like health and you know

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Speaker 1: the health of players and player evaluation. Uh. And if

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Speaker 1: we're talking conflict of interest, I mean worth mentioning that

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Speaker 1: that CIA here Brody, the guy that Mets hired, is

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Speaker 1: that the GM was a you know, as an agent

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Speaker 1: last year represented a lot of the players on the

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Speaker 1: Mets themselves and using himself for the negotiations, which should

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Speaker 1: do absolutely just when those are representative, see if I

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Speaker 1: see it. And also you know he was you know,

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Speaker 1: one of the agents you know, banging the drum loudest

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Speaker 1: last year about collusion among ownership. UM. Certainly interesting developments

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Speaker 1: as you look at the Mets front office and also

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Speaker 1: just kind across the baseball media landscape. Me, hey, if

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Speaker 1: someone offered you a job like that, and we're here.

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Speaker 1: Wouldn't we take it? What I know now and missed

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Speaker 1: the chance to do this three times a week? Are

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Speaker 1: you kidding me? No way, Thank you, thank you. I'm

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Speaker 1: flattered from your interest. However, I'm so satisfied where I

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Speaker 1: am that nothing could pull me away. Yes, sadly. This

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Speaker 1: is the Bloomberg Businesses Sports Podcast. I'm Michael Barr, along

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Speaker 1: with Scott Sasnick and Evan wi Williams. We are here

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Speaker 1: each and every Monday, Wednesday and Thursday exploring the world

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Speaker 1: of money in sports. Join us again at the end

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Speaker 1: of the week when we speak within Dominicans Sue, five

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Speaker 1: time pro bowled eventsive tackle, off field businessman, and most

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Speaker 1: importantly for Michael Barr, former Detroit line make Medina say

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Speaker 1: his name, Medina? I'd you say his name the first time?

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Speaker 1: Tomkins Sue, So good, So good. You're listening to the

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Speaker 1: Bloomberg Business with Sports right here on Bloomberg Radio around

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Speaker 1: the world and online where you get your bucket