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Speaker 1: Hey, what's up, everybody.

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Speaker 2: I'm Jamel Hill and welcome to politics and I heeart

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Speaker 2: podcasts and Unbothered production.

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Speaker 1: Time to get spolitical.

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Speaker 2: This week, the Los Angeles Doctors made their way to

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Speaker 2: the White House to commemorate their World series win, making

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Speaker 2: them the first professional team to visit Donald Trump in

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Speaker 2: the White House during his second presidency. Now, I'm not

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Speaker 2: surprised the Doctors went to the White House, but I'm

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Speaker 2: still disappointed they chose to kei key with the President,

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Speaker 2: whose administration just recently tried to literally erase Jackie Robinson's

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Speaker 2: military contributions from the Department of Defense's website as part

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Speaker 2: of this administration's endless and thoughtless campaign to rid all

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Speaker 2: government institutions of dei, which has come to encompass any

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Speaker 2: piece of history that tells the truth about the legacy

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Speaker 2: of white supremacy in this country. It was only after

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Speaker 2: the Trump administration was shamed by journalists and the public

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Speaker 2: did the Department of Defense restore the web page that

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Speaker 2: featured Jackie Robinson, who served in the United States Army

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Speaker 2: before being honorably discharged after he was found not guilty

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Speaker 2: following a bogus attempt to court martial him because he

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Speaker 2: wouldn't sit in the back of the bus. But that

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Speaker 2: embarrassing incident has not at all slowed down this administration's

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Speaker 2: continued efforts to erase and whitewash this country's history. The

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Speaker 2: National Park Service removed references to Harriet Tubman from their

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Speaker 2: web page on the Underground Railroad. The website used to

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Speaker 2: state the truth that Tubman organized and operated the Underground

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Speaker 2: Railroad partially in response to the Fugitive Slave Act, a

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Speaker 2: federal law that passed in eighteen fifty that allowed fugitive

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Speaker 2: and free slaves to be captured and enslaved, and those

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Speaker 2: who aided in slave fugitives were punished. Side note, go

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Speaker 2: look at Texas's abortion law. Let's just say they copied

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Speaker 2: a little bit off the Fugitive Slave Act's paper. In

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Speaker 2: the National Park Services updated version of the Significance of

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Speaker 2: the Underground Railroad, they failed to mention that nasty business

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Speaker 2: about hunting people who were owned by other people. Instead,

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Speaker 2: it reads like a bunch of black folks just decided

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Speaker 2: to take a little road trip in the name of togetherness.

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Speaker 2: And oh how I wish I was being facetious. Here's

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Speaker 2: the National Park's exact description of what the underground Railroad was.

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Speaker 2: The underground railroad flourished from the end of the eighteenth

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Speaker 2: century to the end of the Civil War, was one

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Speaker 2: of the most significant expressions of the American civil rights

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Speaker 2: movement and expression. So suddenly, the underground Railroad is interpretive dance.

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Speaker 2: During its evolution over more than three centuries, the underground

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Speaker 2: Railroad bridged the divid of race, religion, sectional differences, and nationality.

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Speaker 2: Wait a minute, bridges the divide. The enslaved black people

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Speaker 2: were running from the white people who were trying to

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Speaker 2: put them back into bondage. It was an escape, not

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Speaker 2: a meet cute. It spanned state lines and international borders,

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Speaker 2: and joined the American ideals of liberty and freedom expressed

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Speaker 2: in the Declaration of Independence and the Constitution to the

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Speaker 2: extraordinary actions of ordinary men and women working in.

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Speaker 1: Common purpose to free of people the deepest of Negro size.

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Speaker 2: Now not to go off on a longer tangent, but

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Speaker 2: to kind of go off on a longer tangent. Trump

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Speaker 2: is also coming after the National Museum of African American

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Speaker 2: History and Culture in Washington, d C. Which is part

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Speaker 2: of the prestigious Smithsonian. Trump is specifically targeting the museum's

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Speaker 2: slavery exhibit because it is a raw experience. I've been

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Speaker 2: to this museum and it's one of the best museums

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Speaker 2: in the world. The slavery exhibit takes up the entire

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Speaker 2: bottom floor and is one of its most powerful components.

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Speaker 2: It does not back down from the truth that America

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Speaker 2: became an economic and global superpower because of slavery. On

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Speaker 2: top of the precious artifacts in this exhibit, it tells

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Speaker 2: the painful story of America's foundation and how we came

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Speaker 2: to this country. Trump has called the museum quote ideologically unacceptable.

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Speaker 2: Now I'm trying to be a Christian this week, so

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Speaker 2: I'm I'm not going to say what I really want

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Speaker 2: to say, but you already know what I'm thinking. But

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Speaker 2: let me just say this. The people who are dedicated

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Speaker 2: to e racing history do so because they actually want

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Speaker 2: to repeat it. So the Trump administration's efforts to erase

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Speaker 2: Jackie Robinson is on brand. And when they did that,

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Speaker 2: you would think you would have heard a loud and

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Speaker 2: angry response from the Dodgers. Instead, you heard this. And

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Speaker 2: when it came to Major League Baseball, you heard a

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Speaker 2: whole lot of cowardice from Major League Baseball Commissioner Rob.

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Speaker 3: Manfred to see the headline that you guys took diversity

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Speaker 3: out off the website and all of the stuff that's

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Speaker 3: going on there. I understand deis under attack, but why

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Speaker 3: remove that word, the diversity word, especially being as though

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Speaker 3: that MLB is the most diverse league of all the

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Speaker 3: professional sports by far right the most diverse league, and

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Speaker 3: you look at the history there, Jackie Robinson D's coming up,

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Speaker 3: Why remove that world? What was the thinking behind that?

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Speaker 1: The citson.

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Speaker 4: Well, you know, I am, if nothing else, pragmatic. You know,

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Speaker 4: I have paid very close attention to what's going on

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Speaker 4: in Washington. The EOC issued some guidance just last week.

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Speaker 4: There was pretty pointed about, you know, certain red flag

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Speaker 4: issues with respective programs. Our view was that we should

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Speaker 4: go through our programs do the very best we could

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Speaker 4: to make sure that we would not be a target.

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Speaker 4: And if we avoid being a target, we can continue

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Speaker 4: with those programs to do all the good work we've

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Speaker 4: done over a series of years and avoid the situation

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Speaker 4: where you've become a target and the programs get blown

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Speaker 4: up altogether. I just don't I was managing my downside.

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Speaker 4: Maybe it's the best way to say it.

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Speaker 2: If you scare, just that you scared, you bit the knee.

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Speaker 2: And what's so insulting and infuriating about Manfred's approach is

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Speaker 2: that this is the same league that asked Jackie Robinson

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Speaker 2: to take all the smoke so that they could sell

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Speaker 2: white people on the idea of baseball's integration and most importantly,

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Speaker 2: it would allow the league to gain access to black

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Speaker 2: baseball talent. But now that Jackie Robinson needs the league

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Speaker 2: to stand ten toes down for his legacy, this is

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Speaker 2: all they got.

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Speaker 3: Does Jackie Robinson? They change at all with the fact

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Speaker 3: that the diversity issue and then the obviously the government

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Speaker 3: removing Jackie Robinson's history replacing the back. But does that

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Speaker 3: change that off of MLB?

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Speaker 4: You know, I think Jackie Robinson transcends any debate that's

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Speaker 4: going on in today's society about issues surrounding DEI. I mean,

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Speaker 4: what Jackie Robinson stands for was moving us past and

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Speaker 4: an overt kind of segregation that I don't believe anybody

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Speaker 4: actually supports today, and he's a symbol of that. He's

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Speaker 4: an important part of our history and we will continue

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Speaker 4: to celebrate him as we always have.

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Speaker 2: Only Jackie Robinson doesn't transcend diverse the equity and inclusion

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Speaker 2: he personifies it. Despite the NonStop campaign to weaponize DEI,

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Speaker 2: the entire purpose of DEI always has been rooted in

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Speaker 2: giving qualified Let me repeat that for the cheap seats

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Speaker 2: qualified people an opportunity that they wouldn't have otherwise received

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Speaker 2: because they have historically been barred or overlooked from those opportunities.

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Speaker 2: Jackie Robinson is the ultimate example of DEI. He was

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Speaker 2: qualified to play in Major League Baseball, but without Dodgers

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Speaker 2: executive branch Ricky, he doesn't get that opportunity. And without

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Speaker 2: Jackie Robinson, there is no Mookie Bets and there is

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Speaker 2: no show. Hey Otani, I recently went to see the

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Speaker 2: Dodgers play against my Detroit Tigers, and their stadium is

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Speaker 2: filled with.

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Speaker 1: Jackie Robinson memorabilia.

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Speaker 2: They're more than happy to display Jackie Robinson, more than

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Speaker 2: happy to be part of Jackie Robinson Day on April fifteenth.

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Speaker 2: But if you're not willing to defend the name and

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Speaker 2: legacy of the most important player in baseball's history against

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Speaker 2: the same white supremacy, then I have to wonder if

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Speaker 2: what Jackie Robinson thought was even worth it.

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Speaker 1: I'm Jamel Hill and I approved this message.

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Speaker 2: On this episode of Politics, We're going to have an

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Speaker 2: elevated sports business conversation with one of the top sports.

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Speaker 1: Business experts in the game.

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Speaker 2: He's worked in the front office in the NFL, been

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Speaker 2: an agent, a deal maker, having managed salary caps and

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Speaker 2: negotiated contracts on behalf of Michael Jordan and Patrick Ewing,

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Speaker 2: among others.

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Speaker 1: On top of.

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Speaker 2: Writing for Sports Illustrated and hosting a podcast, he's also

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Speaker 2: executive director of Villanova's Morad Center for the Study of

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Speaker 2: Sports Law.

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Speaker 1: We're going to chop it up about the transfer portal, how.

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Speaker 2: College sports is about to be completely transformed by a

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Speaker 2: current judicial decision. Plus, he has some incredible advice for

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Speaker 2: young people who want to get into the business of sports.

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Speaker 2: Coming up next on his politics sports business guru Andrew Brand. Andrew,

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Speaker 2: I want to thank you so much for joining me here, Ontz.

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Speaker 2: We have so much to get to I can't wait

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Speaker 2: to dive in deep about this six billion dollars sale

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Speaker 2: of the Boston Celtics. But before we even get there,

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Speaker 2: let me start by asking you a question that I

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Speaker 2: asked every guest that appears on politics, and that is

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Speaker 2: name an athlete or a sports moment that made you

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Speaker 2: love sports.

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Speaker 5: Oh, it's a great one. I'm going to show my

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Speaker 5: age here. I grew up in Washington, d C. And

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Speaker 5: they were called I grew up rooting for two teams

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Speaker 5: that have different names now. One was the Washington Redskins.

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Speaker 5: I think I'm allowed to say that, and one was

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Speaker 5: the Washington Bullets. I know I'm allowed to say that.

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Speaker 5: But the Washington Redskins as they were called, finally won

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Speaker 5: a Super Bowl at the height of my youth. And

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Speaker 5: it was John Riggins, the big bulking fullback that ran

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Speaker 5: over a Miami Dolphins player I believe named Don McNeil,

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Speaker 5: who was the last shot at him after the line

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Speaker 5: of scrimmage and then he was gone. It was just

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Speaker 5: one of those moments where this well of energy and

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Speaker 5: burst of emotion came into me, like that's the team

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Speaker 5: that I followed since I was a baby. My dad

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Speaker 5: taken me to Washington games at RFK Stadium growing up.

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Speaker 5: It was such a bonding experience for me my father,

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Speaker 5: and then it happened with that Super Bowl championship. We'd

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Speaker 5: actually weren't at that game where at the game of

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Speaker 5: the year before where they lost to the Oakland Raiders

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Speaker 5: and Marcus Allen. So that's the moment that just sort

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Speaker 5: of welled up in me and like, isn't sports great?

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Speaker 5: I mean, isn't sports just a wonderful, romantic thing?

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Speaker 2: And considering those emotional memories most of us have, it's

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Speaker 2: to me even more fascinating that you go from, you know,

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Speaker 2: loving it as a fan and as a consumer to

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Speaker 2: then making the daring decision to become a part of

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Speaker 2: the sports industry where you actually learn how the steak

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Speaker 2: is made, which takes away a little bit of the

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Speaker 2: unsexiness no, I know, of loving sports. And just to

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Speaker 2: give people a little bit of insight into your background,

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Speaker 2: I mean, you know, right now, I believe you're still

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Speaker 2: the executive director of the Jeffrey S.

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Speaker 1: Morat Center.

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Speaker 2: Hopefully I'm saying that correct, for the study of sports

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Speaker 2: law at Villanova, so you have a very academic title. However,

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Speaker 2: you know that being said, You've been a sports executive,

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Speaker 2: You've been a sports agent. You're a columnist, you know,

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Speaker 2: featured in Sports Illustrated and The Athletic. You have a podcast,

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Speaker 2: The Business of Sports. You know, with Andrew Brant, just

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Speaker 2: have an extensive knowledge of this industry from the executive

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Speaker 2: level and from also from a point of like negotiating

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Speaker 2: and understanding how these big deals you know, are made,

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Speaker 2: and of course like a lot of people. And maybe

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Speaker 2: this isn't necessarily the go to content when for sports fans,

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Speaker 2: But when I saw that the Boston Celtics have been

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Speaker 2: sold for six billion dollars, and this is off them

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Speaker 2: coming off of course winning an NBA championship.

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Speaker 1: Last year, clearly their value.

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Speaker 2: Everyone knew that the Celtics, being the brand that they

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Speaker 2: are in sports, that their value was incredible. But looking

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Speaker 2: at this sale, to me, the implications of this sale

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Speaker 2: means so much for sports. And I know you've taken

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Speaker 2: a broader, you know, kind of perspective about what this

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Speaker 2: sale actually means. So let's just start with the bare

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Speaker 2: bones of it again. Boston Celtics sold for six billion dollars.

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Speaker 2: What is this signaling to us about the market for

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Speaker 2: sports teams?

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Speaker 5: First, if you allow me, before I get to the Celtics,

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Speaker 5: when you talked about seeing the underbelly of sports and

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Speaker 5: my background and now advising so many young people, everyone

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Speaker 5: wants to get into sports, and what I tell them as, yes,

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Speaker 5: it's exciting, it's sexy, it's glamorous, but you've got to

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Speaker 5: understand why you're getting in because it's hard work and

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Speaker 5: it's so competitive. And when you get into sports, you

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Speaker 5: can maintain that. We talked about that love, that romanticism,

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Speaker 5: that passion about sports, but it'll fade pretty quickly.

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Speaker 1: You know.

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Speaker 5: I was an agent at a young age working with

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Speaker 5: Mike Jordan and Patrick Ewing and I'm like, this is

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Speaker 5: so cool. Well that faded about a week and then

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Speaker 5: it's like, get to work. You have very demanding clients

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Speaker 5: on the agent on the agent side that happen to

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Speaker 5: be athletes, but you gotta work. And when you go

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Speaker 5: to the team side, yeah, some days you win a

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Speaker 5: big game, some days you lose a big game, but

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Speaker 5: you just got to keep it going and it's hard work.

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Speaker 5: So I hope everyone understands getting into sports, it's if

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Speaker 5: you're getting in because the glamour of the sexiness you're

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Speaker 5: going to be around famous athletes, it's not going to last.

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Speaker 5: You'll get burned out very quickly. You've got to the passion.

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Speaker 1: Helps.

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Speaker 5: Of course, we love sports, but I always tell young people.

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Speaker 5: You've got to figure out what it is about you

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Speaker 5: that differentiates you from the pack. What's your special sauce.

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Speaker 5: Let's people coming to me say, I want to be

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Speaker 5: an agent. All right, let's role play. I'm an agent,

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Speaker 5: you're an agent. I'm a player. Why would I sign

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Speaker 5: with you? Why would I sign with you? And that

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Speaker 5: gets people's attention. Okay, monologue over.

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Speaker 1: The insulted and that's the end of your hollogue? Too quick?

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Speaker 2: Is that understanding that in certain you know than in leagues?

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Speaker 2: Now you know the contracts are structured the way they're structured,

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Speaker 2: Like the rookie deal is the rookie deal when you get.

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Speaker 1: In the NFL. It's the same way in the NBA.

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Speaker 1: So if you're an agent trying to procure an athlete services,

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Speaker 1: to your point about the special sauce, it needs to

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Speaker 1: be something very apparent because they could literally not have

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Speaker 1: you there, and they could have a stuffed animal who

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Speaker 1: could negotiate that first deal because the money's sort of

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Speaker 1: baked into what it is.

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Speaker 5: I know a lot of young people listen to your

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Speaker 5: podcasts that maybe want to get into sports, and I

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Speaker 5: would say this when you're applying, when you're getting into

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Speaker 5: someone when you want to meet a people like me,

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Speaker 5: or you show something different, as I said, but have

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Speaker 5: more than the next person, than the next guy or

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Speaker 5: the next girl. In other words, so people come to

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Speaker 5: me I love the salary cap. I'm like, great, what

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Speaker 5: do you know about it? Have you blogged about it?

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Speaker 5: Have you podcasted about it? Are you sending me a

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Speaker 5: spreadsheet of how you would manage a certain team's cap?

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Speaker 5: Have you done research on it? I met a kid

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Speaker 5: the other day, Well, I have a podcast, but only

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Speaker 5: thirty people.

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Speaker 1: Listen to it.

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Speaker 5: I'm like, great, You're ahead of all your peers who

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Speaker 5: have no podcasts and no listeners. So keep that going.

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Speaker 5: So I think you have to understand that if you're

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Speaker 5: in sports, it's great, we all love it, but we're

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Speaker 5: not the sports. The sports are the athletes. We're the periphery.

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Speaker 5: Whether it's media, agents, team executives, sponsors, it's all periphery.

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Speaker 5: So that's the athletes are the product. And speaking of which,

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Speaker 5: the most expensive product in the NBA all five starters

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Speaker 5: make over thirty million dollars. They just came off winning

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Speaker 5: the championship. Before the last confetti even fell, it seemed

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Speaker 5: like they went on the market. I was shocked, but

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Speaker 5: I thought about it afterwards. When the Boston Celtics went

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Speaker 5: on the market in July, Jamel, I'm like after shock,

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Speaker 5: I'm like, oh, I get it sell high. You know,

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Speaker 5: they just won the championship. The guy the leading ownership,

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Speaker 5: grouse Beck, has owned it for a while. They've built

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Speaker 5: it up. They have the highest payroll in the league,

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Speaker 5: not only highest peril, the highest luxury tax ever with

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Speaker 5: the new CBA and the second apron and all that's

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Speaker 5: going to be extraordinary tax penalties. So put it on

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Speaker 5: the market and the July start date ended last week.

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Speaker 5: We have liftoff. We have a sale to a guy

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Speaker 5: named Bill Chisholm who's from the private equity world, who's

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Speaker 5: got a group with him, and like we've talked about

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Speaker 5: six point one billion dollars. I was struck because I

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Speaker 5: knew as part of this sale there was not, I

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Speaker 5: repeat not an arena. So a lot of the sales

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Speaker 5: in the NBA, including Matt Ishbia buying the Suns for

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Speaker 5: four billion three years ago with the arena, this has

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Speaker 5: no arena. The TD Bank not part of that. That's

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Speaker 5: owned by the Jacobs Group in Boston, with the Bruins,

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Speaker 5: et cetera. So that's not even part of it. And

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Speaker 5: I also looked at at Jamel as okay, this this

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Speaker 5: is like players. You know, somebody made forty million a year,

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Speaker 5: so Jamar Chase makes forty point twenty five a year.

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Speaker 5: The Celtics are like the Commander's sold for six point

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Speaker 5: oh five billion, so we're going to sell for six

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Speaker 5: point one and they got it. They got it. And

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Speaker 5: my point is we can talk more about this is

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Speaker 5: that NFL owners were to my primarily cover have to

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Speaker 5: be smiling ear to year because yes, it's a dual

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Speaker 5: franchise in the NBA, I get it, but it's the

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Speaker 5: NBA with total revenues a twelve billion a year, the

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Speaker 5: NFL last report maybe twenty two to twenty three billion

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Speaker 5: a year. And imagine what pick a team, any team

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Speaker 5: is going to make after this sale. It's extraordinary.

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Speaker 2: So putting on your you know, sports executive business had

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Speaker 2: was this a good deal? Because I want people to

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Speaker 2: understand this. They have paid six billion for a team

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Speaker 2: and don't own the arena. All right, And as you mentioned,

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Speaker 2: the Celtics have the highest payroll in the league. The

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Speaker 2: taxes they are going the luxury tax they're going to

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Speaker 2: have to pay for the salaries they're paying right now,

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Speaker 2: is going to be what would you ballpark it?

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Speaker 5: Or?

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Speaker 1: I mean, is there a ballpark figure you can give me?

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Speaker 5: Well, going forward, if we look two years out, probably

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Speaker 5: a cumulative two hundred and seventy five eighty million dollars.

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Speaker 1: Okay, so that's in luck taxes.

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Speaker 2: So that's that's another two seventy five all right, on

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Speaker 2: top of the six billion you have paid and you

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Speaker 2: don't own. You can't get any money from concessions, tickets, concerts,

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Speaker 2: none of that. Was this a good deal for Was

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Speaker 2: this a good deal for Chisholm.

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Speaker 1: For the buyer?

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Speaker 5: But obviously it's a good deal for the sealery.

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Speaker 1: Yes, it's a good deal for the Grosspec family for sure.

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Speaker 5: Yeah. I guess I'll answer it this way. A story

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Speaker 5: about the Commander's sale. I'm from DC. As I mentioned,

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Speaker 5: the richest guy I was friends with calls me one day.

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Speaker 5: He's looking at this prospectus from Josh Harris, the owner

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Speaker 5: of the Commanders before he bought it, and he's like, Andrew,

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Speaker 5: am I getting this right? I'm seeing that I have

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Speaker 5: to I give him two hundred million dollars and all

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Speaker 5: I see I really get is good tickets in a

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Speaker 5: parking pass. I'm like, yeah, that's about all you're going

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Speaker 5: to get. And people have to understand. And the sale

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Speaker 5: came out at six billions, so two hundred million was

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Speaker 5: three percent. I called my friend. I said, yeah, for

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Speaker 5: three percent, that's all you get. He didn't make that purchase.

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Speaker 5: But this is what I would say about Chisholm optics

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Speaker 5: are No, that's not a good deal. It's whatever percent

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Speaker 5: above the four billion that is should be paid for

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Speaker 5: the sons who had an arena. It's extraordinary price. But

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Speaker 5: but why do you get in? Why would my friend

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Speaker 5: have gotten in on the Commanders Because that's six billion

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Speaker 5: in pick a year, ten years is going to be

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Speaker 5: worth eighteen billion and he'll sell it for a three

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Speaker 5: time profit there. I mean, it's just like, where is

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Speaker 5: the end? I thought when Steve Balmer bought the Clippers

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Speaker 5: for two billion in twenty that twenty two thousand and

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Speaker 5: five or six, like, oh my god, that was the bubble,

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Speaker 5: I thought, Jamal. I really did, because before that the

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Speaker 5: highest purchase price in the NBA was the Bucks for

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Speaker 5: five hundred and fifty million dollars, so they almost quadrupled that.

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Speaker 5: So I am an expert and I have no idea

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Speaker 5: where this is going, but I think it's only going up,

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Speaker 5: only north.

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Speaker 2: So from that standpoint, if this team, if this wasn't

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Speaker 2: the Celtics fake for sale, you know, let's say it

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Speaker 2: was the Cavaliers or the Pistons, that's.

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Speaker 1: My hometown team.

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Speaker 2: Yeah, is this A lot of this has to do

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Speaker 2: with the brand, because could the Celtics or not the Celtics.

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Speaker 2: Could the Pistons have sold for six billion? I mean,

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Speaker 2: is so much of this exactly?

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Speaker 1: So a lot of this is tied up in the

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Speaker 1: fact that this is the brand of the Celtics.

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Speaker 5: Having said that, I'm not sure Pistons, Cavaliers, Pelicans, any Wizards,

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Speaker 5: any of them would not eclipse the four billion, because

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Speaker 5: I think we're in this phase now where it would

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Speaker 5: have eclipsed the four billion any NBA franchise because that's

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Speaker 5: the last best sale. And yes, but on the other hand,

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Speaker 5: I do think the name brand value of the Celtics

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Speaker 5: did put it at that elevated.

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Speaker 2: Level you said a moment ago, And this is kind

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Speaker 2: of where I wanted to go with this discussion. About

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Speaker 2: where this is going. I think there's an assumption that

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Speaker 2: at some point there's got to be a bubble, right,

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Speaker 2: there's got to be a ceiling where people say, no more,

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Speaker 2: this is it. I think probably over the last five years,

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Speaker 2: and you kind of alluded to this, we have seen

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Speaker 2: the value of sports franchises absolutely skyrocket.

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Speaker 1: And I think you've mentioned this before in your own podcast.

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Speaker 2: That they it's skyrocketed passed player salary. Yes, right, because

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Speaker 2: I think people see the player salaries, they see a show, Hey,

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Speaker 2: a tany making five hundred million or and they think like,

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Speaker 2: oh my god, this is out of control.

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Speaker 1: No, y'all don't know what these franchises are worth.

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Speaker 2: So what would you say is attributing to the fact

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Speaker 2: that these franchises, their values are skyrocketing so much.

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Speaker 5: One thing I know about player contract negotiations, it applies

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Speaker 5: to team contract negotiations scarcity. Think about that word. That

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Speaker 5: word brings so much value. Why quarterbacks make so much,

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Speaker 5: why defensive ends make so much, why shut down cornerbacks

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Speaker 5: make so much. There's a scarcity. So on that level,

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Speaker 5: you see the value of so few at a position

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Speaker 5: that are at high level. And I think the same

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Speaker 5: thing is true about franchises live. I know friends all

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Speaker 5: over Europe that follow soccer. Those are open leagues as relegation,

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Speaker 5: there's promotion. We live in a world in American sports

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Speaker 5: with closed leagues. You can't get in. The only way

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Speaker 5: you can get in is an expansion franchise. And we

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Speaker 5: can talk about how high those vyers are going now,

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Speaker 5: but you can't get these things. They are the precious jewels.

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Speaker 5: And as everyone knows, we didn't know who Bill Chisholm

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Speaker 5: was until last week. He's a billionaire, but we didn't know.

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Speaker 5: And if that's part of the psychosocial reasons, that's another

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Speaker 5: part of it. You just can't get these things. They're

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Speaker 5: so scarce, and that trajectory again, twenty eighteen doesn't seem

433
00:23:22,520 --> 00:23:25,600
Speaker 5: like long ago. Carolina Panthers sold for two point two

434
00:23:25,600 --> 00:23:30,520
Speaker 5: billion record, two years later, Denver Broncos sold for four

435
00:23:30,520 --> 00:23:35,520
Speaker 5: point six billion record, one year later Commander six point

436
00:23:35,520 --> 00:23:37,760
Speaker 5: oh five billion. So I don't know where the next

437
00:23:37,760 --> 00:23:40,119
Speaker 5: one is going now. The Patriots are never going to

438
00:23:40,160 --> 00:23:42,480
Speaker 5: sell in the family, the Cowboys are never going to

439
00:23:42,560 --> 00:23:45,200
Speaker 5: sell in the family, the Steelers are never going to

440
00:23:45,280 --> 00:23:48,959
Speaker 5: sell in the family. A lot of these franchises are

441
00:23:49,000 --> 00:23:52,640
Speaker 5: never going to sell, and that makes it even more scarce.

442
00:23:52,720 --> 00:23:55,159
Speaker 5: The Eagles and the Lowery family, it's just not going

443
00:23:55,240 --> 00:23:59,040
Speaker 5: to happen. So these are why it just becomes such

444
00:23:59,119 --> 00:24:01,720
Speaker 5: a special thing. You can apply that to baseball teams

445
00:24:01,720 --> 00:24:05,840
Speaker 5: and basketball teams and our teams. I don't know where

446
00:24:05,880 --> 00:24:08,199
Speaker 5: it's going, but I do know it's going north. I

447
00:24:08,320 --> 00:24:15,000
Speaker 5: just think scarcity makes these franchises such precious, rare resources.

448
00:24:16,119 --> 00:24:20,639
Speaker 2: Now, the new owner of the Celtics comes from the

449
00:24:20,680 --> 00:24:26,000
Speaker 2: private equity world. Correct in the best most layman, most

450
00:24:26,000 --> 00:24:30,000
Speaker 2: simple explanation that you can, can you explain to my

451
00:24:30,760 --> 00:24:33,160
Speaker 2: politics listeners what private equity is.

452
00:24:34,280 --> 00:24:36,760
Speaker 5: Private equity is fund money. I guess the best way

453
00:24:36,800 --> 00:24:40,399
Speaker 5: to describe it is quote unquote corporate money, or institutional money,

454
00:24:40,480 --> 00:24:43,479
Speaker 5: or passive money. So in other words, when we talk

455
00:24:43,520 --> 00:24:46,359
Speaker 5: about individual ownership, there's a person, there's a face. In

456
00:24:46,400 --> 00:24:48,040
Speaker 5: the case of the NFL, you go to these meetings,

457
00:24:48,080 --> 00:24:51,199
Speaker 5: there's a face of every team. And we haven't allowed

458
00:24:51,200 --> 00:24:54,399
Speaker 5: for corporate ownership until this year. Now we have private

459
00:24:54,400 --> 00:24:59,119
Speaker 5: equity money. It's basically an investment fund of a lot

460
00:24:59,200 --> 00:25:02,720
Speaker 5: of people that is put forward by an investment firm,

461
00:25:02,880 --> 00:25:08,560
Speaker 5: a private equity firm into the funding of a franchise. Now,

462
00:25:08,800 --> 00:25:12,200
Speaker 5: twenty nineteen was the first of the major American sports

463
00:25:12,280 --> 00:25:15,600
Speaker 5: leagues to allow this. That was the NBA, then Major

464
00:25:15,680 --> 00:25:18,360
Speaker 5: League Baseball, then hockey, and just as I mentioned, this year,

465
00:25:18,400 --> 00:25:21,760
Speaker 5: private equity is coming into the NFL. For the other leagues,

466
00:25:21,800 --> 00:25:24,440
Speaker 5: they allow up to twenty percent of franchise value and

467
00:25:24,520 --> 00:25:28,480
Speaker 5: private equity. So in the Celtics case, not only is

468
00:25:28,560 --> 00:25:32,639
Speaker 5: Chisholm's money in it, but there's a billion from Sixth Street,

469
00:25:32,800 --> 00:25:36,560
Speaker 5: which is a private equity firm. A billion is under

470
00:25:36,600 --> 00:25:40,800
Speaker 5: the twenty percent maximum allowed by the NBA, So private

471
00:25:40,800 --> 00:25:46,400
Speaker 5: equity is actually funding sixteen seventeen percent of the Celtics purchase.

472
00:25:47,800 --> 00:25:52,359
Speaker 5: NFL it's up to ten percent already. The Bills, the Eagles,

473
00:25:52,440 --> 00:25:55,760
Speaker 5: and the Dolphins have taken advantage of that. So imagine

474
00:25:55,840 --> 00:25:58,919
Speaker 5: you're the owner of the Eagles, Jeff Lori say your

475
00:25:58,960 --> 00:26:02,200
Speaker 5: franchise is worth roughly seven billion dollars. You can sell

476
00:26:02,240 --> 00:26:05,720
Speaker 5: off and as he did, seven hundred million dollars in

477
00:26:05,760 --> 00:26:09,480
Speaker 5: liquidation and just have the money. Private equity gets no control,

478
00:26:09,520 --> 00:26:11,919
Speaker 5: doesn't tell you who a fire, coach, or hire or

479
00:26:11,920 --> 00:26:18,200
Speaker 5: pick players. They have no control whatsoever. They're just passive money.

480
00:26:18,320 --> 00:26:20,199
Speaker 5: So when I talked about my friend, he's like, why

481
00:26:20,240 --> 00:26:22,639
Speaker 5: would I do that? Well, he's an individual, he cares.

482
00:26:23,000 --> 00:26:26,560
Speaker 5: Private EQUITYMIA doesn't care. They're in it for the exit,

483
00:26:26,960 --> 00:26:29,720
Speaker 5: and the exit could be five, ten, fifteen, thirty years

484
00:26:30,280 --> 00:26:34,240
Speaker 5: and their investors get paid off when that happens. And

485
00:26:34,280 --> 00:26:36,720
Speaker 5: there's no shortage of people trying to invest in these

486
00:26:36,840 --> 00:26:39,760
Speaker 5: funds that have an ability to invest in sports teams

487
00:26:39,840 --> 00:26:42,639
Speaker 5: because of all the reasons I talk about, it's a

488
00:26:42,680 --> 00:26:44,520
Speaker 5: recession proof investment right now.

489
00:26:46,240 --> 00:26:49,920
Speaker 2: You know, one of the things that has always been

490
00:26:50,000 --> 00:26:54,800
Speaker 2: a topic of conversation is whether or not we will

491
00:26:54,840 --> 00:27:00,560
Speaker 2: see majority African American ownership. We do have a majority

492
00:27:00,800 --> 00:27:04,000
Speaker 2: minority owner in the NFL in Shag Cohan, who owns

493
00:27:04,000 --> 00:27:08,239
Speaker 2: the Jacksonville Jaguars, but the NFL has never had a

494
00:27:08,280 --> 00:27:16,360
Speaker 2: majority black team owner. Considering the scarcity, considering now we know, hey,

495
00:27:16,480 --> 00:27:22,040
Speaker 2: last sale Washington Commander's six billion dollars, what does that

496
00:27:22,320 --> 00:27:26,440
Speaker 2: do when these as these the escalation of these franchises,

497
00:27:26,600 --> 00:27:31,560
Speaker 2: the value of them rise. How much does that impact

498
00:27:31,640 --> 00:27:35,600
Speaker 2: or influence whether or not we will see different kinds

499
00:27:35,640 --> 00:27:41,560
Speaker 2: of ownerships, ownership groups or majority ownership in these type

500
00:27:41,560 --> 00:27:42,080
Speaker 2: of leagues.

501
00:27:43,000 --> 00:27:43,880
Speaker 1: It's a good point.

502
00:27:44,080 --> 00:27:48,520
Speaker 5: I mean, and we have seen minority owners sometimes celebrity owners.

503
00:27:49,359 --> 00:27:53,200
Speaker 5: I'm imagining they have extreme small shares. You know, when

504
00:27:53,200 --> 00:27:57,119
Speaker 5: we talk about Lewis Hamilton being partner of the Denver Broncos,

505
00:27:57,160 --> 00:28:01,119
Speaker 5: and Serena with the Dolphins, and and Nelly with the

506
00:28:01,240 --> 00:28:04,919
Speaker 5: Charlotte Hornets and Usher with the Cavaliers. I don't know

507
00:28:05,000 --> 00:28:08,440
Speaker 5: for sure what I think it's very extremely low percentages

508
00:28:08,480 --> 00:28:12,800
Speaker 5: in the single digits. Whether we're going to see what

509
00:28:12,880 --> 00:28:18,400
Speaker 5: you're talking about with a majority owner controlling owner African American,

510
00:28:19,080 --> 00:28:21,560
Speaker 5: it's the same discussion you always have. We always have

511
00:28:21,640 --> 00:28:27,440
Speaker 5: in society. Do we have the generational, historical traditional wealth

512
00:28:28,960 --> 00:28:33,000
Speaker 5: to bring forward that kind of investment. You just mentioned

513
00:28:33,520 --> 00:28:36,280
Speaker 5: the numbers. A little thing we didn't talk about with

514
00:28:36,320 --> 00:28:39,800
Speaker 5: the NFL is the individual owner, the name owner Josh

515
00:28:39,800 --> 00:28:43,320
Speaker 5: Harris with the Commanders has to provide for thirty percent

516
00:28:43,360 --> 00:28:46,040
Speaker 5: of that number in order to purchase. So that's close.

517
00:28:46,160 --> 00:28:49,960
Speaker 5: That's two billion dollars from Harris alone, now not Harris alone,

518
00:28:49,960 --> 00:28:53,200
Speaker 5: but people investing in his group and the rest comes

519
00:28:53,200 --> 00:28:56,960
Speaker 5: from other investors. But you can see the challenges to

520
00:28:57,080 --> 00:28:59,960
Speaker 5: get to that kind of wealth, and the reason they've

521
00:29:00,040 --> 00:29:02,880
Speaker 5: opened up private equity is they're running out of multi billionaires.

522
00:29:02,920 --> 00:29:05,960
Speaker 5: You can't have individual owners when you get to these

523
00:29:06,080 --> 00:29:10,440
Speaker 5: kind of numbers. They needed some institutional funding and a

524
00:29:10,440 --> 00:29:12,080
Speaker 5: lot of people are asking me, well, Andrew, is that

525
00:29:12,120 --> 00:29:16,320
Speaker 5: going to even at the Saudi Public Investment Fund, the

526
00:29:16,400 --> 00:29:20,840
Speaker 5: Sovereign Wealth Fund. I'm not ruling it out. I'm not

527
00:29:20,960 --> 00:29:23,960
Speaker 5: ruling it out because when we start seeing valuations ten

528
00:29:24,000 --> 00:29:27,600
Speaker 5: billion and up, who's going to provide that funding? And

529
00:29:28,360 --> 00:29:31,200
Speaker 5: we may look at international sovereign wealth funds as the

530
00:29:31,240 --> 00:29:33,200
Speaker 5: next frontier for these franchises.

531
00:29:34,040 --> 00:29:37,720
Speaker 2: As always, the most the thing that fans want to

532
00:29:37,760 --> 00:29:42,240
Speaker 2: know as these values increase is how is that.

533
00:29:42,200 --> 00:29:43,800
Speaker 1: Going to impact the fan experience?

534
00:29:43,840 --> 00:29:44,000
Speaker 4: Yeah?

535
00:29:44,160 --> 00:29:46,760
Speaker 2: How is that going to impact consumption habits? How will

536
00:29:46,760 --> 00:29:51,120
Speaker 2: it impact your ability to take your family or you

537
00:29:51,160 --> 00:29:54,920
Speaker 2: and your boys or whatever, or you know, for everybody

538
00:29:54,920 --> 00:29:57,840
Speaker 2: to socialize and go to these games. What do you

539
00:29:57,920 --> 00:30:00,800
Speaker 2: see as the fan impact as we continue to see

540
00:30:00,800 --> 00:30:01,880
Speaker 2: these values skyrocket?

541
00:30:02,680 --> 00:30:04,640
Speaker 5: You know, I don't know if there's been a correlation

542
00:30:04,720 --> 00:30:08,760
Speaker 5: between the rise skyrocketing franchise valuations and something like say

543
00:30:08,800 --> 00:30:13,880
Speaker 5: ticket prices. It's hard to know how much I think

544
00:30:13,960 --> 00:30:18,719
Speaker 5: people that think that they're priced out of Major League football, baseball,

545
00:30:18,760 --> 00:30:22,440
Speaker 5: basketball now, the only thing I could say is that's

546
00:30:22,440 --> 00:30:26,440
Speaker 5: not going to get better, you know. So I don't

547
00:30:26,520 --> 00:30:28,800
Speaker 5: know if it will get worse. I don't know if

548
00:30:29,400 --> 00:30:32,400
Speaker 5: Chisholm buying the Celtics is going to mean Celtics raised prices.

549
00:30:32,400 --> 00:30:36,160
Speaker 5: Celtics do that. What tends to allow for franchises to

550
00:30:36,240 --> 00:30:39,080
Speaker 5: raise prices success on the field, success on the court,

551
00:30:39,480 --> 00:30:42,800
Speaker 5: success on the diamond. People feel better about it, more

552
00:30:42,840 --> 00:30:47,200
Speaker 5: invested though it buy more suites, the buy more corporate boxes.

553
00:30:48,240 --> 00:30:51,640
Speaker 5: I think fans, in my experience, want to know a

554
00:30:51,640 --> 00:30:56,480
Speaker 5: few things about an owner, primarily will he or she spend?

555
00:30:57,160 --> 00:30:59,920
Speaker 5: I think that's the number one question I get about owners,

556
00:31:00,040 --> 00:31:03,840
Speaker 5: Well they spend? And when a Cincinnati Bengals owner is

557
00:31:03,840 --> 00:31:06,920
Speaker 5: seen as cheap until recently with these new contracts for

558
00:31:07,000 --> 00:31:10,600
Speaker 5: the receivers, or is it you know, is Jerry Jones

559
00:31:10,840 --> 00:31:13,040
Speaker 5: is now in the crosshairs of a lot of fans

560
00:31:13,080 --> 00:31:16,800
Speaker 5: because he's not spending, so they won't know if they're spend,

561
00:31:16,800 --> 00:31:19,840
Speaker 5: they won't enough, they'll stay out of the way, and

562
00:31:20,720 --> 00:31:23,400
Speaker 5: that tends to be an issue with a lot of owners.

563
00:31:23,600 --> 00:31:25,479
Speaker 5: And I understand it. If you're going to spend your

564
00:31:25,520 --> 00:31:29,680
Speaker 5: hard earned money over decades, you want to do stuff.

565
00:31:30,400 --> 00:31:34,880
Speaker 5: You want to control that franchise with some fun stuff

566
00:31:35,000 --> 00:31:38,600
Speaker 5: like drafting players and picking players and paying players and

567
00:31:38,680 --> 00:31:42,200
Speaker 5: contributing to coaching and all those kind of things. So

568
00:31:43,160 --> 00:31:46,560
Speaker 5: just my experience, fans would love an owner that pays

569
00:31:46,720 --> 00:31:50,680
Speaker 5: and stays out of the way. They're the favorite, preferred

570
00:31:50,920 --> 00:31:51,960
Speaker 5: epitome of an owner.

571
00:31:52,800 --> 00:31:57,240
Speaker 1: But the problem with that is just thinking about what

572
00:31:57,280 --> 00:31:58,280
Speaker 1: these teams are worth.

573
00:31:59,240 --> 00:32:02,120
Speaker 2: Now, you say, and this is where I think the

574
00:32:02,160 --> 00:32:03,280
Speaker 2: fans get frustrated.

575
00:32:03,520 --> 00:32:05,200
Speaker 1: I mean, if you think about it, Andrew.

576
00:32:04,880 --> 00:32:06,720
Speaker 2: If you own a team and you're not a very

577
00:32:06,720 --> 00:32:09,240
Speaker 2: good owner, there's really no penalty for it, you know

578
00:32:09,280 --> 00:32:12,320
Speaker 2: what I mean. There is a penalty of perception. And yes,

579
00:32:12,400 --> 00:32:15,600
Speaker 2: you do have some fan bases that are able to

580
00:32:15,720 --> 00:32:17,960
Speaker 2: kind of, you know, cut off the bigot and just

581
00:32:18,000 --> 00:32:20,960
Speaker 2: decide I'm not gonna deal with this team, and you

582
00:32:21,000 --> 00:32:23,680
Speaker 2: do see some fan backlash. But if you're sitting on

583
00:32:23,720 --> 00:32:27,480
Speaker 2: something that is so ultimately value valuable, the one thing

584
00:32:27,560 --> 00:32:32,000
Speaker 2: I've often wondered is where does winning actually fall in

585
00:32:32,080 --> 00:32:34,800
Speaker 2: the priority of owners, Like, let's look at the Dallas Cowboys.

586
00:32:34,800 --> 00:32:36,680
Speaker 2: Since you brought up Jerry Jones that we know has

587
00:32:36,720 --> 00:32:38,800
Speaker 2: been a very long time since they have been any

588
00:32:38,880 --> 00:32:41,760
Speaker 2: kind of serious Super Bowl contender, and that they've been,

589
00:32:42,760 --> 00:32:45,480
Speaker 2: you know, but they're still one of the biggest name

590
00:32:45,680 --> 00:32:49,520
Speaker 2: brands in sports. Oh sure, if the Cowboys were on

591
00:32:49,560 --> 00:32:52,360
Speaker 2: the market today, what could the Cowboys command?

592
00:32:54,160 --> 00:32:56,560
Speaker 5: I'm going to say north of ten they can.

593
00:32:56,480 --> 00:32:59,640
Speaker 1: Command north of ten billion dollars that being the case.

594
00:32:59,760 --> 00:33:03,200
Speaker 2: And you know, like, given what the values are, what

595
00:33:03,280 --> 00:33:07,080
Speaker 2: Jerry Jones, what he paid to get into it, what

596
00:33:07,240 --> 00:33:10,320
Speaker 2: is the incentive for Jerry Jones to ever do anything

597
00:33:10,480 --> 00:33:15,280
Speaker 2: but put whatever on the field, Because he's already he's

598
00:33:15,320 --> 00:33:18,479
Speaker 2: made back seven hundred times the money that he's put in.

599
00:33:19,000 --> 00:33:22,440
Speaker 2: There's not a whole lot of other than personal pride.

600
00:33:22,800 --> 00:33:24,480
Speaker 2: There's not a whole lot of reason to win.

601
00:33:24,800 --> 00:33:27,080
Speaker 5: I think the pride is something I don't understand with

602
00:33:27,160 --> 00:33:30,840
Speaker 5: Jones in terms of the team, because he would not

603
00:33:30,880 --> 00:33:32,560
Speaker 5: be an owner that I put in the category of

604
00:33:32,600 --> 00:33:35,160
Speaker 5: sit back and get your checks. In fact, going to

605
00:33:35,280 --> 00:33:37,600
Speaker 5: NFL meetings those ten years I was with the Packers,

606
00:33:37,640 --> 00:33:41,120
Speaker 5: I would see him get in the crosshairs of owners

607
00:33:41,120 --> 00:33:44,040
Speaker 5: that he thought weren't marketing the brand, would putting the

608
00:33:44,040 --> 00:33:47,080
Speaker 5: product on the field to win. We're just taking their

609
00:33:47,080 --> 00:33:51,040
Speaker 5: one thirty second check every year and putting it wherever

610
00:33:51,240 --> 00:33:55,920
Speaker 5: in there, maybe in their personal accounts. So that surprises

611
00:33:56,040 --> 00:33:59,160
Speaker 5: me that he's been a little shy on the spending front.

612
00:33:59,160 --> 00:34:03,160
Speaker 5: Now to be the Cowboys have spent on their own players,

613
00:34:03,160 --> 00:34:05,120
Speaker 5: and they haven't done a very gud job in my

614
00:34:05,400 --> 00:34:08,759
Speaker 5: opinion of Negotia, because they wait the last minute with Prescott,

615
00:34:08,760 --> 00:34:11,200
Speaker 5: with Ceedee Lamb, with others where they have to pay

616
00:34:11,840 --> 00:34:15,040
Speaker 5: higher than retail because they simply sat and waited too long.

617
00:34:16,280 --> 00:34:19,839
Speaker 5: But a couple things that franchise, as I mentioned earlier,

618
00:34:19,880 --> 00:34:22,239
Speaker 5: is never going to be for sale. It's going to

619
00:34:22,239 --> 00:34:25,040
Speaker 5: be Jerry Jones kids, Stephen and Jerry. It's going to

620
00:34:25,080 --> 00:34:27,040
Speaker 5: be Stephen and Jerry's kids. It's going to be their

621
00:34:27,120 --> 00:34:30,040
Speaker 5: kids kids, et cetera, et cetera. So we'll never see

622
00:34:30,040 --> 00:34:35,160
Speaker 5: a sale in our lifetimes of the Dallas Cowboys. Listen

623
00:34:36,200 --> 00:34:38,440
Speaker 5: for people listening to this podcast that don't know the

624
00:34:38,560 --> 00:34:42,480
Speaker 5: NFL is the ultimate socialistic product. You know it is

625
00:34:42,520 --> 00:34:47,200
Speaker 5: one hundred percent revenue share, meaning that we knew it.

626
00:34:47,239 --> 00:34:49,720
Speaker 5: We have now contracts for over one hundred billion between

627
00:34:49,760 --> 00:34:55,480
Speaker 5: Amazon CBS, NBC, ESPN. That's completely revenue shared. What I

628
00:34:55,520 --> 00:34:59,080
Speaker 5: mean by that is my team where I worked for

629
00:34:59,160 --> 00:35:02,440
Speaker 5: ten years, has a market size of one hundred thousand people.

630
00:35:02,480 --> 00:35:05,680
Speaker 5: At Green Bay, New York, has the market size of

631
00:35:05,719 --> 00:35:10,760
Speaker 5: eighteen twenty million people. But they get the same the same.

632
00:35:11,840 --> 00:35:15,240
Speaker 5: So this is why people love or hate or mostly

633
00:35:15,280 --> 00:35:19,600
Speaker 5: love the NFL. It has incredible competitive balance where the

634
00:35:19,640 --> 00:35:23,080
Speaker 5: packer I had access to the same revenues on a

635
00:35:23,160 --> 00:35:28,000
Speaker 5: national scale that Jerry Jones did. So it makes these

636
00:35:28,160 --> 00:35:32,560
Speaker 5: NFL franchises, in my opinion, even more valuable because you're

637
00:35:32,600 --> 00:35:35,600
Speaker 5: getting the same revenues. You're getting the exact same check

638
00:35:35,640 --> 00:35:37,600
Speaker 5: from the NFL every year, which is now about four

639
00:35:37,719 --> 00:35:43,680
Speaker 5: hundred million dollars that every other team is. So could

640
00:35:43,680 --> 00:35:46,319
Speaker 5: that lead to less incentive to win?

641
00:35:47,040 --> 00:35:47,200
Speaker 4: It?

642
00:35:47,280 --> 00:35:47,680
Speaker 1: Could?

643
00:35:48,680 --> 00:35:51,680
Speaker 5: It could? We as fans of that of pick your team,

644
00:35:52,239 --> 00:35:57,960
Speaker 5: are trusting that ownership wants to do well competitively, and

645
00:35:58,000 --> 00:36:00,879
Speaker 5: you're right. I don't know what litt test you can

646
00:36:00,920 --> 00:36:03,920
Speaker 5: have for that and kick someone out, et cetera, et cetera.

647
00:36:04,160 --> 00:36:08,759
Speaker 5: I mentioned the commanders. We've talked about my upbringing. I

648
00:36:08,800 --> 00:36:11,480
Speaker 5: know so many friends and family that gave up on

649
00:36:11,600 --> 00:36:14,400
Speaker 5: what are now the Commanders because of Daniel Snyder's ownership.

650
00:36:14,480 --> 00:36:19,880
Speaker 5: It actually turned off die hard longtime generational fans. And

651
00:36:19,880 --> 00:36:23,640
Speaker 5: they're back, thanks more to Jayden Daniels than to Josh Harris,

652
00:36:23,840 --> 00:36:26,040
Speaker 5: but they're back, and that's a great thing.

653
00:36:26,320 --> 00:36:29,759
Speaker 2: I'm going to get into player salaries with you in

654
00:36:29,800 --> 00:36:32,720
Speaker 2: a moment, but before I do, the friend that reached

655
00:36:32,719 --> 00:36:35,440
Speaker 2: out to you and asked whether or not he should

656
00:36:35,600 --> 00:36:40,080
Speaker 2: invest in the franchise, does he regret not investing?

657
00:36:40,320 --> 00:36:42,160
Speaker 5: I think yeah. I think if you had to put

658
00:36:42,239 --> 00:36:46,040
Speaker 5: him on the scale, he was more analytical than emotional,

659
00:36:47,440 --> 00:36:49,759
Speaker 5: and so I would say no, if he was more

660
00:36:49,760 --> 00:36:52,759
Speaker 5: on the emotional scale than analytical, he probably would regret

661
00:36:52,840 --> 00:36:55,520
Speaker 5: it because of the success we just talked about. But

662
00:36:55,600 --> 00:37:00,239
Speaker 5: I think even today he'd say two hundred million for

663
00:37:00,280 --> 00:37:05,120
Speaker 5: a couple of good tickets on a parking past. No, no, no,

664
00:37:06,080 --> 00:37:06,959
Speaker 5: he's still that way.

665
00:37:07,640 --> 00:37:08,000
Speaker 1: All right.

666
00:37:08,080 --> 00:37:09,840
Speaker 2: Well, listening, Andrew, I got a lot more that I

667
00:37:09,880 --> 00:37:12,360
Speaker 2: want to get to you, or get to talk with

668
00:37:12,440 --> 00:37:16,160
Speaker 2: you about. Player has salaries for sure, And this I

669
00:37:16,200 --> 00:37:18,120
Speaker 2: know is going to be my favorite part is when

670
00:37:18,320 --> 00:37:21,440
Speaker 2: we do your business of Sports Hall of Fame, what

671
00:37:21,520 --> 00:37:25,200
Speaker 2: I affectionately call the offiness team We're going to get

672
00:37:25,200 --> 00:37:27,360
Speaker 2: to that in the second half of this podcast, but

673
00:37:27,440 --> 00:37:29,600
Speaker 2: first let's take a quick break and we'll be right

674
00:37:29,640 --> 00:37:42,520
Speaker 2: back with more with Andrew Brandt. As we're talking about

675
00:37:42,800 --> 00:37:46,839
Speaker 2: ownership and what that means, tell me if this sort

676
00:37:46,840 --> 00:37:49,480
Speaker 2: of theory or thought or observation of mine that I have,

677
00:37:49,880 --> 00:37:53,080
Speaker 2: if I may be onto something. So, as you know, Andrew,

678
00:37:53,080 --> 00:37:57,160
Speaker 2: there's been an explosion in women's sports. Last year in

679
00:37:57,200 --> 00:37:59,680
Speaker 2: twenty twenty four marked the first year in history that

680
00:38:00,040 --> 00:38:03,120
Speaker 2: sports generated a billion dollars in revenue. We see the

681
00:38:03,200 --> 00:38:07,239
Speaker 2: WNBA is expanding the National Women's Soccer League that they

682
00:38:07,280 --> 00:38:11,280
Speaker 2: have experienced amazing growth in just a short period of time.

683
00:38:12,320 --> 00:38:16,160
Speaker 2: It's part of the interest in women's sports, not just

684
00:38:16,200 --> 00:38:20,000
Speaker 2: fueled by the fact that these are amazing athletes, you know,

685
00:38:20,120 --> 00:38:22,800
Speaker 2: great competitive play, you know, those normal sort of sports things,

686
00:38:23,040 --> 00:38:26,680
Speaker 2: but as another part of their of the financial interests

687
00:38:27,040 --> 00:38:31,959
Speaker 2: now being concentrated on women's sports, because if you think

688
00:38:32,000 --> 00:38:35,680
Speaker 2: about it, the value of being involved in women's sports

689
00:38:35,719 --> 00:38:42,360
Speaker 2: now is potentially has a higher ceiling to some degree

690
00:38:42,360 --> 00:38:45,440
Speaker 2: than men because you can actually get in right and

691
00:38:45,480 --> 00:38:47,799
Speaker 2: you can be there for the liftoff. So am I

692
00:38:47,920 --> 00:38:51,239
Speaker 2: crazy for well, obviously men's sports, you make more, so

693
00:38:51,280 --> 00:38:54,680
Speaker 2: I'm not saying that, but women's sports, I think part

694
00:38:54,680 --> 00:38:57,840
Speaker 2: of the reason why they're attracting so much financial attention

695
00:38:58,600 --> 00:39:02,120
Speaker 2: is because you see an entry point. It hasn't gotten

696
00:39:02,120 --> 00:39:04,000
Speaker 2: to the point where like the values are so out

697
00:39:04,040 --> 00:39:05,400
Speaker 2: of control that you can't get in.

698
00:39:06,280 --> 00:39:08,680
Speaker 5: I think it's a great point, and let's put a

699
00:39:08,680 --> 00:39:11,000
Speaker 5: note in it to revisit this point when we start

700
00:39:11,040 --> 00:39:14,759
Speaker 5: talking about college sports and what's happening now in college sports,

701
00:39:14,800 --> 00:39:17,279
Speaker 5: because I think it's a great point here too. Yeah,

702
00:39:17,320 --> 00:39:19,640
Speaker 5: women's sports is more accessible. We just spent a lot

703
00:39:19,680 --> 00:39:24,840
Speaker 5: of time talking about how inaccessible buying into NFL, NBA,

704
00:39:25,480 --> 00:39:28,880
Speaker 5: Major League Baseball franchises and my friend who wasn't going

705
00:39:28,960 --> 00:39:32,040
Speaker 5: to give two hundred million for good tickets. So that

706
00:39:32,239 --> 00:39:35,600
Speaker 5: is a different world in women's sports, and we're getting passed.

707
00:39:35,440 --> 00:39:35,879
Speaker 1: By the way.

708
00:39:36,040 --> 00:39:38,279
Speaker 2: Your friend that two hundred million, he could buy a

709
00:39:38,400 --> 00:39:39,320
Speaker 2: WNBA franchise.

710
00:39:39,400 --> 00:39:42,840
Speaker 5: With it, he could buy a team. But that is

711
00:39:42,920 --> 00:39:45,520
Speaker 5: going to soon not be the case. So you mentioned it.

712
00:39:45,640 --> 00:39:49,880
Speaker 5: This is this explosion is going to there's going to

713
00:39:49,920 --> 00:39:54,359
Speaker 5: be a reset. So the valuations already have gone way

714
00:39:54,360 --> 00:39:56,880
Speaker 5: beyond what it was, but there's still not a level

715
00:39:57,040 --> 00:40:01,040
Speaker 5: of what you would call major American sports leagues, the

716
00:40:01,040 --> 00:40:04,920
Speaker 5: Big four, Big five, Big six that's coming though. So

717
00:40:05,080 --> 00:40:09,080
Speaker 5: this is a perfect time for Joe Investor or Joanne

718
00:40:09,160 --> 00:40:13,759
Speaker 5: Investor to jump in. And there's value. You have to

719
00:40:13,840 --> 00:40:17,760
Speaker 5: believe that women's sports, and we can just talk generally,

720
00:40:17,800 --> 00:40:21,680
Speaker 5: not basketball, soccer, whatever, is going to continue on a

721
00:40:21,719 --> 00:40:25,040
Speaker 5: trajectory north. The one thing I will say, and this

722
00:40:25,080 --> 00:40:28,319
Speaker 5: is a little bit Debbie Downer on this, I don't know,

723
00:40:31,120 --> 00:40:33,759
Speaker 5: I don't know how to say this. I think the

724
00:40:33,920 --> 00:40:39,000
Speaker 5: Caitlyn Clark phenomenon, I don't know how much of that

725
00:40:39,160 --> 00:40:42,680
Speaker 5: is a bubble. In other words, I think Caitlyn Clark,

726
00:40:43,080 --> 00:40:46,280
Speaker 5: unlike any athlete in history, maybe along with Tiger Woods

727
00:40:46,280 --> 00:40:51,160
Speaker 5: and Michael Jordan, changed a sport. In fact, she changed

728
00:40:51,160 --> 00:40:54,719
Speaker 5: two sports in one year. She changed women's college basketball

729
00:40:55,080 --> 00:40:58,480
Speaker 5: and she changed women's pro basketball. That is not to

730
00:40:58,480 --> 00:41:03,040
Speaker 5: say others weren't along for the good in good characters.

731
00:41:03,640 --> 00:41:09,040
Speaker 5: I think that will wear off. So what I'm saying

732
00:41:09,120 --> 00:41:13,040
Speaker 5: is we have this rise. It's in good part Caitlyn

733
00:41:13,080 --> 00:41:17,160
Speaker 5: Clark fueled. The question I have is how much trajectory

734
00:41:17,239 --> 00:41:21,400
Speaker 5: are we going to see post the Caitlin Clark settle

735
00:41:21,440 --> 00:41:24,920
Speaker 5: in dust, settling on Kaitlin Clark. Okay, now she's in

736
00:41:24,960 --> 00:41:28,360
Speaker 5: the league. She's not a new phenomenon anymore. She goes along.

737
00:41:28,880 --> 00:41:32,000
Speaker 5: She turned down the unrivaled league, she turned down the Olympics,

738
00:41:32,480 --> 00:41:35,000
Speaker 5: or wasn't picked. But where are we going to see

739
00:41:35,000 --> 00:41:36,960
Speaker 5: this go? Is it going to? You know, the Caitlin

740
00:41:37,000 --> 00:41:39,200
Speaker 5: Clark if you look at me, goes straight up. Now,

741
00:41:39,239 --> 00:41:41,359
Speaker 5: I think we're a little more this way, and we're

742
00:41:41,360 --> 00:41:45,200
Speaker 5: going to see which way this goes. So again, if

743
00:41:45,239 --> 00:41:48,400
Speaker 5: I'm a hard analytical investor, those are the questions I'm asking.

744
00:41:48,680 --> 00:41:50,879
Speaker 5: How much of it was Clark related? How much we're

745
00:41:50,880 --> 00:41:53,480
Speaker 5: going to see post Clark boom?

746
00:41:54,080 --> 00:41:56,480
Speaker 2: Well, the good thing, at least for if you're at ESPN,

747
00:41:56,760 --> 00:41:58,600
Speaker 2: some of that question has already been answered.

748
00:41:59,280 --> 00:41:59,440
Speaker 1: You know.

749
00:41:59,480 --> 00:42:02,200
Speaker 2: I read through as we're recording this podcast to the

750
00:42:02,400 --> 00:42:07,279
Speaker 2: early rounds of the tournament. The viewership is up, and

751
00:42:08,040 --> 00:42:11,160
Speaker 2: I think the model you compared to you almost have

752
00:42:11,239 --> 00:42:13,759
Speaker 2: to take the Caitlin Clark year out of it and

753
00:42:13,840 --> 00:42:16,920
Speaker 2: compare whatever happens this year to what happened in twenty

754
00:42:16,960 --> 00:42:20,680
Speaker 2: twenty three, and then you'll see exactly who stayed for

755
00:42:20,719 --> 00:42:25,560
Speaker 2: the party. Right, Because I'm under no illusion that when

756
00:42:25,600 --> 00:42:28,840
Speaker 2: the women's National Championship game is played this year, I

757
00:42:28,920 --> 00:42:32,280
Speaker 2: doubt that the women will be able to generate eighteen

758
00:42:32,320 --> 00:42:33,399
Speaker 2: million viewers.

759
00:42:34,239 --> 00:42:35,279
Speaker 1: It's unlikely they.

760
00:42:35,200 --> 00:42:37,719
Speaker 2: Will be able to generate more viewers than the men,

761
00:42:38,280 --> 00:42:40,279
Speaker 2: especially now that you see all you know, all the

762
00:42:40,280 --> 00:42:42,719
Speaker 2: blue Woods are still alive right now in the men's tournament, Dupe,

763
00:42:42,719 --> 00:42:45,359
Speaker 2: you got Kentucky, you get you know, the big names.

764
00:42:46,000 --> 00:42:49,560
Speaker 2: That being said, if they get eight million, if they

765
00:42:49,600 --> 00:42:53,160
Speaker 2: get nine million, it's still a success because before Caitlyn

766
00:42:53,280 --> 00:42:56,160
Speaker 2: was in it, it's like they were already trending in

767
00:42:56,200 --> 00:42:59,720
Speaker 2: that direction. And now they've been able and it certainly

768
00:42:59,719 --> 00:43:01,640
Speaker 2: it was a set back with Juju Watkins going down

769
00:43:01,680 --> 00:43:04,640
Speaker 2: with the ACL injury, for sure, but they still have

770
00:43:04,719 --> 00:43:08,280
Speaker 2: a very big brand in the tournament, two big brands.

771
00:43:08,360 --> 00:43:12,080
Speaker 2: You have South Carolina and you have Yukon, and it

772
00:43:12,200 --> 00:43:16,240
Speaker 2: still feels like the momentum is there. And then even

773
00:43:16,520 --> 00:43:19,680
Speaker 2: with Kaitlyn Clark not being in the w NBA playoffs,

774
00:43:19,760 --> 00:43:22,520
Speaker 2: or she was in the playoffs, but they you know,

775
00:43:22,560 --> 00:43:23,440
Speaker 2: they were gone early.

776
00:43:24,000 --> 00:43:27,440
Speaker 1: They set a record in viewership for the w NBA Finals.

777
00:43:27,680 --> 00:43:31,000
Speaker 2: So during the crowded NFL season NBA season, all that,

778
00:43:31,400 --> 00:43:33,480
Speaker 2: they still got a million and a half people to

779
00:43:33,600 --> 00:43:36,719
Speaker 2: watch all of you know, to watch every game, which

780
00:43:36,760 --> 00:43:41,000
Speaker 2: for women, that is a that's a tremendous growth spurt

781
00:43:41,000 --> 00:43:43,239
Speaker 2: for them. That shows that we may not be if

782
00:43:43,280 --> 00:43:46,000
Speaker 2: Kaitlin brings in ten million, we might not be able

783
00:43:46,000 --> 00:43:49,000
Speaker 2: to keep ten, but we probably can keep five, which

784
00:43:49,080 --> 00:43:52,000
Speaker 2: is which is kind of what you want to do.

785
00:43:52,080 --> 00:43:53,640
Speaker 1: It regress, you know, to the mean.

786
00:43:53,719 --> 00:43:57,560
Speaker 2: It's like, hey, we know that Tiger Woods when he was,

787
00:43:58,080 --> 00:43:59,799
Speaker 2: you know, the best golfer in the world. We know

788
00:44:00,080 --> 00:44:05,000
Speaker 2: the Tiger effect at every major, but Tiger's not there now.

789
00:44:05,320 --> 00:44:07,920
Speaker 2: People still watch golf and it's still pretty good, and

790
00:44:07,960 --> 00:44:10,239
Speaker 2: it's they still do good ratings. They may not do

791
00:44:10,320 --> 00:44:14,520
Speaker 2: Tiger ratings, but they still do pretty amazing ratings. So

792
00:44:14,520 --> 00:44:17,240
Speaker 2: I more or less look at it from that standpoint,

793
00:44:17,560 --> 00:44:20,360
Speaker 2: is that you have a phenomenon bhoo change.

794
00:44:20,400 --> 00:44:20,680
Speaker 4: Yeah.

795
00:44:20,719 --> 00:44:21,239
Speaker 1: I do too.

796
00:44:21,680 --> 00:44:24,040
Speaker 5: I think we agree with that. We look at pre

797
00:44:24,200 --> 00:44:27,759
Speaker 5: Kaitlyn Clark are pre Klin Clark's are going to be

798
00:44:27,840 --> 00:44:32,640
Speaker 5: much lower than post Kaitlin Clark, but not Kaitlin Clark

799
00:44:33,040 --> 00:44:35,600
Speaker 5: in terms of like the tournament. Yeah, so I think

800
00:44:35,600 --> 00:44:38,440
Speaker 5: we're you know, fun fact about me in my early

801
00:44:38,520 --> 00:44:41,880
Speaker 5: and my agent days. I had an opportunity and started

802
00:44:41,920 --> 00:44:47,920
Speaker 5: representing some women's basketball players. Most appreciative, kind, warm clients

803
00:44:47,960 --> 00:44:52,000
Speaker 5: I ever had. Didn't make me much money, didn't make

804
00:44:52,000 --> 00:44:54,759
Speaker 5: me a munch income, but loved working with them. I

805
00:44:54,760 --> 00:44:57,399
Speaker 5: had a point guard named Tisha Pinicero. Wonderful woman.

806
00:44:57,600 --> 00:44:58,960
Speaker 1: She's one of the best to ever do.

807
00:44:59,200 --> 00:45:02,839
Speaker 5: Yeah, and she's followed my footsteps. She's representing players, she's

808
00:45:02,880 --> 00:45:06,200
Speaker 5: an agent, so a lot. I really enjoyed working with

809
00:45:06,239 --> 00:45:06,880
Speaker 5: those girls.

810
00:45:07,160 --> 00:45:08,800
Speaker 1: Okay, let's pivot to college.

811
00:45:09,760 --> 00:45:13,200
Speaker 2: You know, for people out there who are listening, at

812
00:45:13,239 --> 00:45:16,200
Speaker 2: some point in early April, I think the deadline maybe

813
00:45:16,200 --> 00:45:20,520
Speaker 2: April seventh, there's anticipation that the final settlement will be

814
00:45:20,520 --> 00:45:23,719
Speaker 2: approved that will bring college revenue sharing, you know, that

815
00:45:23,840 --> 00:45:26,400
Speaker 2: will have revenue revenue sharing in college sports.

816
00:45:26,400 --> 00:45:29,719
Speaker 1: Something man thirty years ago. It's like this is never

817
00:45:29,760 --> 00:45:31,640
Speaker 1: going to happen, and now all of a sudden is here,

818
00:45:33,080 --> 00:45:35,400
Speaker 1: you know, with with this billion dollar settlement that I

819
00:45:35,440 --> 00:45:38,160
Speaker 1: think the estimate that it's going to allow the teams

820
00:45:38,200 --> 00:45:40,640
Speaker 1: that opt in to get about twenty two twenty one,

821
00:45:40,719 --> 00:45:42,520
Speaker 1: twenty two million dollars per team.

822
00:45:43,000 --> 00:45:46,520
Speaker 2: You see already, Andrew, you have Stanford you have North Carolina.

823
00:45:46,600 --> 00:45:49,960
Speaker 2: All these teams now are hiring general managers, which is

824
00:45:50,080 --> 00:45:52,879
Speaker 2: really interesting because they do have they're going.

825
00:45:52,800 --> 00:45:54,000
Speaker 1: To have a roster cap.

826
00:45:54,680 --> 00:45:59,680
Speaker 2: While I know you're not Nostradamus, the impact of revenue sharing,

827
00:46:00,320 --> 00:46:03,080
Speaker 2: and we see some of this already, we're just knowing

828
00:46:03,160 --> 00:46:08,440
Speaker 2: it's coming. Where do you expect this to take? College sports?

829
00:46:08,480 --> 00:46:13,040
Speaker 2: Are we essentially about to be looking at two professional leagues?

830
00:46:13,120 --> 00:46:15,240
Speaker 2: As in, you have the NFL, you have college football,

831
00:46:15,280 --> 00:46:17,120
Speaker 2: you have the NBA, you have college basketball.

832
00:46:17,120 --> 00:46:19,879
Speaker 1: It's like but they're basically going to be the same.

833
00:46:20,280 --> 00:46:25,000
Speaker 5: Okay, I've got a full disclosure here. I've been offered

834
00:46:25,200 --> 00:46:28,879
Speaker 5: a couple of these general manager jobs. I've turned them down.

835
00:46:28,920 --> 00:46:30,319
Speaker 5: It's not something I want to do at this point

836
00:46:30,320 --> 00:46:32,359
Speaker 5: in my life. I don't want to move to the campuses.

837
00:46:32,480 --> 00:46:35,040
Speaker 5: It's certainly the ones that I've offered. Nothing against them.

838
00:46:36,320 --> 00:46:40,120
Speaker 5: I am consulting with a couple of major college sports

839
00:46:40,160 --> 00:46:45,040
Speaker 5: programs about exactly what you're talking about, how to deal

840
00:46:45,080 --> 00:46:49,399
Speaker 5: with the post House settlement world of college sports. So

841
00:46:49,480 --> 00:46:52,080
Speaker 5: we can now we can sum up what we're talking

842
00:46:52,120 --> 00:46:55,799
Speaker 5: about with now we can say nil stands for now

843
00:46:55,840 --> 00:47:01,000
Speaker 5: it's legal. Okay, So paying college athletes for ever has

844
00:47:01,040 --> 00:47:04,440
Speaker 5: been illegal, and even in the past three years of NIL,

845
00:47:04,520 --> 00:47:08,480
Speaker 5: it's been paid through something called collectives, which are different

846
00:47:08,800 --> 00:47:11,600
Speaker 5: than the school. So even the last three years, you

847
00:47:11,640 --> 00:47:15,600
Speaker 5: will never hear about a school paying an athlete. You

848
00:47:15,640 --> 00:47:18,560
Speaker 5: may have your suspicions, you may know it's under the table,

849
00:47:18,600 --> 00:47:21,879
Speaker 5: all the things about SMU thirty years ago, whatever's going

850
00:47:21,920 --> 00:47:25,680
Speaker 5: on now, but the legality has not been there until now.

851
00:47:25,800 --> 00:47:28,800
Speaker 5: So the House settlement House is a lawsuit, along with

852
00:47:28,880 --> 00:47:33,680
Speaker 5: three other lawsuits were settled by the NCAA. There antitrust

853
00:47:33,719 --> 00:47:38,200
Speaker 5: lawsuits settled. So the new format, the new structure of

854
00:47:38,200 --> 00:47:41,160
Speaker 5: college sports, is not coming from a collective bargaining agreement.

855
00:47:41,600 --> 00:47:45,520
Speaker 5: It's not coming from the NCAA. It's coming from a

856
00:47:45,640 --> 00:47:50,680
Speaker 5: negotiated settlement between Jeffrey Kesler, the attorney for the players,

857
00:47:51,080 --> 00:47:54,680
Speaker 5: and the NCAA lawyers. Three parts to it. One it's

858
00:47:54,719 --> 00:47:57,080
Speaker 5: back pay for all the players who didn't get NIL.

859
00:47:58,080 --> 00:48:01,680
Speaker 5: Number two, it's roster limits compared to scholarship limits, a

860
00:48:01,760 --> 00:48:04,600
Speaker 5: complicated formula of how many players on each team can

861
00:48:04,640 --> 00:48:07,920
Speaker 5: get scholarships. But the most important part, as you mentioned,

862
00:48:08,000 --> 00:48:11,719
Speaker 5: it's the cap. We will have starting July one, a

863
00:48:11,840 --> 00:48:18,200
Speaker 5: salary cap in college sports. The number is we expect

864
00:48:18,280 --> 00:48:21,880
Speaker 5: to be twenty point five million, which is determined to

865
00:48:21,880 --> 00:48:26,719
Speaker 5: be twenty two percent of athletic department revenue averages for

866
00:48:26,800 --> 00:48:30,839
Speaker 5: the Power four conferences. So that's the number. So we

867
00:48:30,880 --> 00:48:34,279
Speaker 5: say the Powerful Conferences average about ninety five million of

868
00:48:34,320 --> 00:48:37,719
Speaker 5: total revenue. Just like we do an NFL cap NBA cap,

869
00:48:37,760 --> 00:48:40,080
Speaker 5: we take a percentage. It's not the high percentage that

870
00:48:40,120 --> 00:48:42,960
Speaker 5: the pros have, but it's twenty two percent equals twenty

871
00:48:42,960 --> 00:48:47,400
Speaker 5: point five million. That's for all sports football, basketball, baseball, hockey, golf,

872
00:48:48,080 --> 00:48:51,600
Speaker 5: women's track and field, etc. And it's up to the

873
00:48:51,719 --> 00:48:54,960
Speaker 5: schools to apportion that money, and it's up to the

874
00:48:55,000 --> 00:49:00,319
Speaker 5: schools to send in contracts with all their players to

875
00:49:00,440 --> 00:49:04,200
Speaker 5: be compliant with the cap. So it's going to be

876
00:49:04,280 --> 00:49:06,439
Speaker 5: a whole new system. And thus you can see why

877
00:49:06,480 --> 00:49:09,560
Speaker 5: someone like me and others with pro sports experience are

878
00:49:09,560 --> 00:49:14,040
Speaker 5: being asked what I've been asked. Frankly, Jamal is Andrew

879
00:49:14,080 --> 00:49:18,600
Speaker 5: help us. You know, we are moving from college sports

880
00:49:18,680 --> 00:49:22,000
Speaker 5: to pro sports, so we will have pro sports in

881
00:49:22,040 --> 00:49:26,319
Speaker 5: the Power Conferences and below. And it really comes down

882
00:49:26,400 --> 00:49:28,120
Speaker 5: to how are you going to deal with this? How

883
00:49:28,120 --> 00:49:30,040
Speaker 5: are you going to portion. How are you going to

884
00:49:30,120 --> 00:49:32,279
Speaker 5: manage the cap? How are you going to deal with

885
00:49:32,360 --> 00:49:35,560
Speaker 5: contracts legal? How are you going to deal with agents?

886
00:49:35,600 --> 00:49:39,960
Speaker 5: All these players have agents now, and what are you

887
00:49:40,000 --> 00:49:42,160
Speaker 5: going to do when the others are doing so and so?

888
00:49:42,280 --> 00:49:44,760
Speaker 5: And is it going to you know, I'm just interested

889
00:49:44,800 --> 00:49:46,600
Speaker 5: to see how the NCA is going to monitor this.

890
00:49:46,760 --> 00:49:48,839
Speaker 5: And in the NFL, of course, we have a whole

891
00:49:48,880 --> 00:49:51,719
Speaker 5: cap compliance department that we have to submit every contract

892
00:49:51,719 --> 00:49:54,280
Speaker 5: to and go through it. We'll see where this goes.

893
00:49:54,320 --> 00:49:57,160
Speaker 5: But right now, it's about to be pro sports in

894
00:49:57,200 --> 00:49:57,920
Speaker 5: college sports.

895
00:49:58,960 --> 00:50:02,360
Speaker 2: You said something on I believe it was your Twitter

896
00:50:02,400 --> 00:50:06,840
Speaker 2: feed that really caught my attention. You said, right now,

897
00:50:07,680 --> 00:50:11,480
Speaker 2: the player free agency in college is better than it

898
00:50:11,600 --> 00:50:15,600
Speaker 2: is at the professional level, you know mostly I know

899
00:50:15,640 --> 00:50:17,320
Speaker 2: you were like sort of referring to the NFL, but

900
00:50:17,360 --> 00:50:18,640
Speaker 2: you could be referring to all of them.

901
00:50:19,000 --> 00:50:20,279
Speaker 1: Why did you.

902
00:50:20,239 --> 00:50:22,520
Speaker 5: Say that we have free agency in the NFL after

903
00:50:22,560 --> 00:50:25,080
Speaker 5: four years in the NBA, after four years in the

904
00:50:25,400 --> 00:50:28,920
Speaker 5: Major League Baseball, after six years in college, we have

905
00:50:28,960 --> 00:50:32,320
Speaker 5: freedency every year. We have this transfer portal that allows

906
00:50:32,360 --> 00:50:35,960
Speaker 5: players to transfer without penalty every year. Why back to

907
00:50:36,000 --> 00:50:40,879
Speaker 5: the lawyers lawsuit, when they tried to prevent that, and

908
00:50:40,960 --> 00:50:45,720
Speaker 5: now free agency every year. Imagine that you sign a player,

909
00:50:45,760 --> 00:50:48,000
Speaker 5: you pay them could be hundreds of thousands, could be

910
00:50:48,000 --> 00:50:50,839
Speaker 5: a million dollars. You have no assurances he'll leave, not

911
00:50:50,920 --> 00:50:54,760
Speaker 5: only leave after the season, but a maybe even during

912
00:50:54,800 --> 00:50:57,480
Speaker 5: the season, or not get enough playtime. So he says

913
00:50:57,600 --> 00:51:01,439
Speaker 5: screw this and keeps the money you paid. All way.

914
00:51:02,040 --> 00:51:04,320
Speaker 5: It is free agency without a salary cap. It is

915
00:51:04,360 --> 00:51:07,080
Speaker 5: free agency all the time. I said to a big

916
00:51:07,120 --> 00:51:09,880
Speaker 5: time college coach, like, I am sorry, you got to

917
00:51:09,880 --> 00:51:11,840
Speaker 5: deal with free agency every year. He looks at me,

918
00:51:11,920 --> 00:51:14,160
Speaker 5: pulls up his chair right to my face. He says, Andrew,

919
00:51:14,600 --> 00:51:18,440
Speaker 5: we deal with free agency every day. You and I

920
00:51:18,520 --> 00:51:22,720
Speaker 5: are recording this and there's still the Sweet sixteen left,

921
00:51:23,040 --> 00:51:26,160
Speaker 5: and we have free agency. The college basketball portal is open.

922
00:51:26,600 --> 00:51:31,840
Speaker 5: There's thirteen hundred players in the portal today, and it's like,

923
00:51:31,920 --> 00:51:33,799
Speaker 5: oh my god, you know what, how do you deal

924
00:51:33,880 --> 00:51:36,319
Speaker 5: with that if you're a college basketball team, especially one

925
00:51:36,680 --> 00:51:39,279
Speaker 5: trying to prepare for a Sweet sixteen game, and that's

926
00:51:39,280 --> 00:51:42,920
Speaker 5: what they're dealing with. So yeah, more staff is being hired,

927
00:51:43,000 --> 00:51:48,839
Speaker 5: like NFL staff, NBA staff, general managers, cat managers, analytics departments,

928
00:51:48,920 --> 00:51:52,040
Speaker 5: where's our best spending going to be on this roster?

929
00:51:52,920 --> 00:51:56,319
Speaker 2: Yeah, And I feel like this point should be made

930
00:51:56,320 --> 00:51:59,120
Speaker 2: too about this house settlement, and I think it's a

931
00:51:59,160 --> 00:52:03,759
Speaker 2: little bit under just us. The settlement doesn't preclude the

932
00:52:03,880 --> 00:52:08,680
Speaker 2: NC double A facing further legal action because the the

933
00:52:08,719 --> 00:52:14,279
Speaker 2: other component of this is that because whether or not

934
00:52:14,400 --> 00:52:18,680
Speaker 2: this is operating, you know, against the competitive market, because

935
00:52:18,960 --> 00:52:21,759
Speaker 2: the reality is that if there was a competitive like

936
00:52:21,880 --> 00:52:24,160
Speaker 2: you know, a collective bargaining agreement, or if you know,

937
00:52:24,239 --> 00:52:27,799
Speaker 2: players were able to individually determine their work, just like

938
00:52:27,840 --> 00:52:30,200
Speaker 2: you know, we see Justin Jefferson got his big deal,

939
00:52:30,320 --> 00:52:34,440
Speaker 2: and you know that everybody's deal would be different. But

940
00:52:34,520 --> 00:52:37,359
Speaker 2: if you're capping it at twenty two, that doesn't mean

941
00:52:37,400 --> 00:52:41,200
Speaker 2: that's what that players or those teams, right, and thus

942
00:52:41,280 --> 00:52:44,640
Speaker 2: players are worse. So the NC double A is not

943
00:52:44,960 --> 00:52:48,480
Speaker 2: necessarily am I misreading this? They're not necessarily out of

944
00:52:48,480 --> 00:52:50,960
Speaker 2: the clear when it comes to what the system will

945
00:52:51,040 --> 00:52:54,000
Speaker 2: ultimately look like, like the little framework that's being put

946
00:52:54,040 --> 00:52:57,960
Speaker 2: together today, because it's still not getting at competitively what

947
00:52:58,040 --> 00:52:59,800
Speaker 2: the player is fully worth.

948
00:52:59,680 --> 00:53:03,279
Speaker 1: On their own. We don't know what this system might

949
00:53:03,320 --> 00:53:05,000
Speaker 1: look like in five years. This is just kind of

950
00:53:05,040 --> 00:53:08,400
Speaker 1: like a really, really small starting point.

951
00:53:08,800 --> 00:53:13,760
Speaker 5: It's the settlement of only three lawsuits, unfortunately for the NCAA,

952
00:53:14,960 --> 00:53:18,320
Speaker 5: And there's objections. So you mentioned I believe the April seventh,

953
00:53:18,400 --> 00:53:22,439
Speaker 5: eighth Judge Wilkin, ninth Circuit, California. She will hear her

954
00:53:22,520 --> 00:53:26,879
Speaker 5: final arguments. I believe, and I'm asked about this a lot.

955
00:53:27,040 --> 00:53:29,160
Speaker 5: She will bless the settlement, but there will be a

956
00:53:29,239 --> 00:53:32,960
Speaker 5: lot of objections. The major objection is what you just said.

957
00:53:33,840 --> 00:53:36,440
Speaker 5: You still have a cap that was not legally bargained.

958
00:53:36,800 --> 00:53:39,480
Speaker 5: So you go from a cap of zero to a

959
00:53:39,520 --> 00:53:42,080
Speaker 5: cap of twenty million. Why isn't the cap one hundred million.

960
00:53:42,440 --> 00:53:44,920
Speaker 5: Why isn't it like the NFL one hundred and seventy million.

961
00:53:45,520 --> 00:53:47,719
Speaker 5: So these are the kind of things that we're going

962
00:53:47,800 --> 00:53:50,360
Speaker 5: to have to see if she blesses or not. But

963
00:53:51,840 --> 00:53:53,919
Speaker 5: there are gonna be more lawsuits. We didn't even talk

964
00:53:53,960 --> 00:53:57,919
Speaker 5: about Title nine. In the final days of the Biden administration,

965
00:53:58,080 --> 00:54:02,279
Speaker 5: there was an ocr Office of Civil Rights advisory that

966
00:54:02,360 --> 00:54:06,120
Speaker 5: the House settlement payments should be compliant with Title nine,

967
00:54:06,120 --> 00:54:10,080
Speaker 5: which would be totally unworkable because millions are going to football.

968
00:54:10,080 --> 00:54:13,040
Speaker 5: It doesn't have a female equivalent. But in the opening

969
00:54:13,080 --> 00:54:16,920
Speaker 5: days of the Trump administration that was reversed, but still

970
00:54:17,040 --> 00:54:22,000
Speaker 5: there will be Title nine lawsuits. Absolutely. What the NCAA

971
00:54:22,120 --> 00:54:25,399
Speaker 5: really wants and needs and hopes for and praise every

972
00:54:25,480 --> 00:54:28,799
Speaker 5: night before they go to bed is a bill in

973
00:54:28,880 --> 00:54:33,160
Speaker 5: Congress that would include the magical two words and I

974
00:54:33,239 --> 00:54:37,920
Speaker 5: trust exemption because until they get that, you know, I'm

975
00:54:37,920 --> 00:54:40,640
Speaker 5: a lawyer, and my praise, there will be lawyers. There's

976
00:54:40,640 --> 00:54:43,960
Speaker 5: going to be so many lawsuits because people think, Okay,

977
00:54:44,000 --> 00:54:46,040
Speaker 5: well now they got a cap everyone's getting paid. No,

978
00:54:46,239 --> 00:54:48,680
Speaker 5: you're right, there's going to be a lot more lawsuits.

979
00:54:49,360 --> 00:54:51,799
Speaker 5: Charlie Baker, the president of the NCAA, I feel for him.

980
00:54:52,480 --> 00:54:54,799
Speaker 5: He came into this late. The NCAA had its head

981
00:54:54,840 --> 00:54:57,319
Speaker 5: in the sand for fifty years. They could have done

982
00:54:57,400 --> 00:55:01,360
Speaker 5: something twenty years ago with Ed O'Bannon, but they didn't.

983
00:55:01,840 --> 00:55:04,560
Speaker 5: And poor Charlie Baker, he spends all his time on

984
00:55:04,600 --> 00:55:07,600
Speaker 5: Capitol Hill. Now he's a politician. He used to be

985
00:55:07,640 --> 00:55:11,960
Speaker 5: governor of Massachusetts, a Republican governor in a democratic state.

986
00:55:12,080 --> 00:55:15,319
Speaker 5: So he's trying. And there's a Ted Cruz bill that

987
00:55:15,400 --> 00:55:18,240
Speaker 5: will be very NCAA friendly if they can get it passed.

988
00:55:18,320 --> 00:55:22,520
Speaker 5: And this administration seems favorable towards that kind of business.

989
00:55:22,640 --> 00:55:26,439
Speaker 5: But we'll see. But yes, House settlement will change things,

990
00:55:26,480 --> 00:55:27,800
Speaker 5: but not stop the lawsuits.

991
00:55:28,160 --> 00:55:30,960
Speaker 2: For everybody who is a regular listener for his politics

992
00:55:30,960 --> 00:55:33,920
Speaker 2: and for those who are new, I end the podcast

993
00:55:33,960 --> 00:55:36,080
Speaker 2: with what I call a messy question. This is the

994
00:55:36,160 --> 00:55:39,479
Speaker 2: question where we will make a headline, where we will

995
00:55:39,520 --> 00:55:43,359
Speaker 2: be on the blogs Andrew brand based off something that

996
00:55:43,400 --> 00:55:46,160
Speaker 2: I have asked you. I said this earlier in the

997
00:55:46,200 --> 00:55:49,600
Speaker 2: podcast that you came up brilliantly. I might add with

998
00:55:50,239 --> 00:55:54,440
Speaker 2: something that you call the business Hall of Football Hall

999
00:55:54,480 --> 00:55:56,920
Speaker 2: of Fame. Now, this hall of fame that you created

1000
00:55:57,280 --> 00:56:01,359
Speaker 2: recognizes the players who had more, say, contract success than

1001
00:56:01,400 --> 00:56:03,000
Speaker 2: actual football success.

1002
00:56:03,360 --> 00:56:04,919
Speaker 1: And you can correct.

1003
00:56:04,560 --> 00:56:06,719
Speaker 2: Me if I'm wrong, But here are a few of

1004
00:56:06,760 --> 00:56:10,880
Speaker 2: your inductees, one of which would be Sam Bradford. One

1005
00:56:11,000 --> 00:56:15,839
Speaker 2: hundred and thirty million in career earnings nine seasons. His

1006
00:56:15,920 --> 00:56:18,959
Speaker 2: career record was thirty four and forty eight former number

1007
00:56:19,000 --> 00:56:22,439
Speaker 2: one pick, started eighty three games, never made a Pro Bowl,

1008
00:56:22,520 --> 00:56:24,160
Speaker 2: never won a playoff game, but he got one hundred

1009
00:56:24,200 --> 00:56:27,360
Speaker 2: thirty mil Kirk Cousins.

1010
00:56:27,640 --> 00:56:30,440
Speaker 1: He went to my alma mater, fellow Michigan State grad.

1011
00:56:30,840 --> 00:56:33,840
Speaker 1: He's made three hundred and thirty one million dollars in

1012
00:56:33,880 --> 00:56:36,480
Speaker 1: the NFL. I mean, I think the only player as

1013
00:56:36,480 --> 00:56:37,160
Speaker 1: a stands of this.

1014
00:56:37,160 --> 00:56:39,360
Speaker 2: This will be different because you know, we see the

1015
00:56:39,360 --> 00:56:42,279
Speaker 2: deals that Patrick Mahomes has and Josh Allen and those

1016
00:56:42,360 --> 00:56:42,799
Speaker 2: kind of things.

1017
00:56:42,800 --> 00:56:43,759
Speaker 1: We see where this is going.

1018
00:56:44,160 --> 00:56:49,160
Speaker 2: His career earnings are only second to Aaron Rodgers, which

1019
00:56:49,320 --> 00:56:54,960
Speaker 2: is crazy, all right. So you have to tell me now, Andrew,

1020
00:56:55,480 --> 00:57:01,000
Speaker 2: who among the current crop of NFL players meets the

1021
00:57:01,040 --> 00:57:06,520
Speaker 2: criteria of your business Hall of Fame, or as I

1022
00:57:06,640 --> 00:57:09,600
Speaker 2: like to call it, the aw finest Because these dudes

1023
00:57:10,200 --> 00:57:14,080
Speaker 2: have funnesses, some cash, and the results ain't resultant the

1024
00:57:14,080 --> 00:57:15,000
Speaker 2: way that they need to.

1025
00:57:15,080 --> 00:57:18,920
Speaker 1: So who is on the offeness offinesteam?

1026
00:57:20,080 --> 00:57:22,080
Speaker 5: I'm going to give you two sort of we'll give

1027
00:57:22,120 --> 00:57:25,200
Speaker 5: a co award and you just mentioned one. What Kirk

1028
00:57:25,240 --> 00:57:30,040
Speaker 5: Cousins has done is extraordinary. He has leveraged his We

1029
00:57:30,120 --> 00:57:32,960
Speaker 5: talked about the value of free agency. He had two

1030
00:57:33,040 --> 00:57:37,320
Speaker 5: franchise tags with the Commanders, which is a way to

1031
00:57:37,400 --> 00:57:39,800
Speaker 5: just sort of sit around get paid from a team

1032
00:57:39,840 --> 00:57:41,760
Speaker 5: that doesn't want to marry you, only wants to date

1033
00:57:41,800 --> 00:57:44,560
Speaker 5: you for a couple of years. Then the first ever

1034
00:57:44,640 --> 00:57:47,800
Speaker 5: fully guaranteed contract with the Vikings. Then he leveraged the

1035
00:57:47,880 --> 00:57:51,479
Speaker 5: Vikings again for massive top of the market, and then

1036
00:57:51,720 --> 00:57:54,640
Speaker 5: he becomes a free agent and gets a fifty million

1037
00:57:54,680 --> 00:57:59,200
Speaker 5: dollars sounding bonus from the Atlanta Falcons and made sixty

1038
00:57:59,200 --> 00:58:01,080
Speaker 5: three million last year and is going to make twenty

1039
00:58:01,080 --> 00:58:05,560
Speaker 5: eight million this year as a backup to Michael PENNOCKX Junior.

1040
00:58:06,160 --> 00:58:08,760
Speaker 5: You mentioned the number three hundred and thirty million dollars.

1041
00:58:08,920 --> 00:58:11,440
Speaker 5: I don't think anyone would put kirk Cousins up with

1042
00:58:11,480 --> 00:58:15,760
Speaker 5: the other earners at that bill, which would be Aaron Rodgers,

1043
00:58:16,440 --> 00:58:21,160
Speaker 5: Matthew Stafford, and Tom Brady. That's the company he keeps.

1044
00:58:21,960 --> 00:58:24,760
Speaker 5: And we know that Stafford and Rodgers are still playing,

1045
00:58:25,200 --> 00:58:28,360
Speaker 5: but you just mentioned he has out earned Tom Brady.

1046
00:58:29,080 --> 00:58:32,920
Speaker 5: And these are the kirk Cousin's story will live on

1047
00:58:33,000 --> 00:58:36,360
Speaker 5: an infamy as a first ballot Hall of Famer. The

1048
00:58:36,440 --> 00:58:38,800
Speaker 5: guy I would have to put up there with him.

1049
00:58:38,800 --> 00:58:41,360
Speaker 5: And I know for some people this is a difficult topic.

1050
00:58:42,480 --> 00:58:50,040
Speaker 5: It's Deshaun Watson. He was not wanted, not wanted by

1051
00:58:51,200 --> 00:58:54,760
Speaker 5: the Texans, the Houston Texans. So what I'm saying here

1052
00:58:54,840 --> 00:58:59,240
Speaker 5: is that through his own misbehavior, he created the most

1053
00:58:59,280 --> 00:59:03,080
Speaker 5: leverage situation in football because they didn't want them. They

1054
00:59:03,120 --> 00:59:05,640
Speaker 5: put them up for sale, and there was an auction,

1055
00:59:05,920 --> 00:59:08,280
Speaker 5: and four teams that are dying to have a quarterback

1056
00:59:08,320 --> 00:59:11,000
Speaker 5: went after him hard. And he's a Southern kid, and

1057
00:59:11,120 --> 00:59:14,160
Speaker 5: he eliminated the Browns. He wanted either the Panthers or

1058
00:59:14,160 --> 00:59:17,840
Speaker 5: the Saints or the Falcons. Browns were out. The Browns

1059
00:59:17,840 --> 00:59:19,160
Speaker 5: are in. And why were they in because they gave

1060
00:59:19,240 --> 00:59:22,040
Speaker 5: him the best contract in the history of football, five years,

1061
00:59:22,040 --> 00:59:26,160
Speaker 5: fully guaranteed, two hundred thirty million dollars. Whatever has happened

1062
00:59:26,200 --> 00:59:28,880
Speaker 5: on the field for getting everything off the field, it

1063
00:59:28,920 --> 00:59:32,920
Speaker 5: has been a disaster, but that money is fully, completely

1064
00:59:33,080 --> 00:59:37,160
Speaker 5: rock solid guaranteed. For people thinking, oh, he had another incident, No,

1065
00:59:37,480 --> 00:59:42,080
Speaker 5: they're not getting out of that money injury actions. It's

1066
00:59:42,200 --> 00:59:46,360
Speaker 5: there so different types of stories there, but Business of

1067
00:59:46,400 --> 00:59:49,120
Speaker 5: Football Hall of Famer's top of the shelf right now,

1068
00:59:49,640 --> 00:59:50,320
Speaker 5: Cousins and.

1069
00:59:50,280 --> 00:59:53,080
Speaker 2: Watson, let me know quickly at this about the Browns.

1070
00:59:53,440 --> 00:59:56,200
Speaker 2: The Browns giving him the fully guaranteed GOSHA. They were

1071
00:59:56,200 --> 00:59:58,800
Speaker 2: basically betting against themselves, though, weren't they, because no one

1072
00:59:58,840 --> 01:00:00,040
Speaker 2: else was offering.

1073
00:59:59,720 --> 01:00:03,560
Speaker 5: That, and no one since no one tens. That's how

1074
01:00:03,640 --> 01:00:07,120
Speaker 5: much owners hated that contract. And the owners. I always

1075
01:00:07,160 --> 01:00:09,400
Speaker 5: watch are these contracts going to be precedent or are

1076
01:00:09,400 --> 01:00:11,520
Speaker 5: they going to be an aberration? That one is clearly

1077
01:00:11,560 --> 01:00:14,960
Speaker 5: an aberration. No one's had it since he's still the

1078
01:00:15,560 --> 01:00:18,360
Speaker 5: leader in the clubhouse for NFL contract security, if not

1079
01:00:18,880 --> 01:00:20,920
Speaker 5: the total value, just the security of it.

1080
01:00:22,320 --> 01:00:24,240
Speaker 2: And even though this next person I'm going to mention it,

1081
01:00:24,360 --> 01:00:28,680
Speaker 2: you tell me is if he's someone who may eventually

1082
01:00:28,720 --> 01:00:32,760
Speaker 2: find their resume before the committee often as of the

1083
01:00:32,840 --> 01:00:36,120
Speaker 2: business Hall of Fame. I tend to think he gets

1084
01:00:36,200 --> 01:00:39,160
Speaker 2: a lot more crap than he deserves. But Dak Prescott, Yah,

1085
01:00:41,200 --> 01:00:43,280
Speaker 2: he'll make sixty million this ship.

1086
01:00:44,200 --> 01:00:44,680
Speaker 5: Yeah.

1087
01:00:44,760 --> 01:00:45,280
Speaker 4: I mean.

1088
01:00:47,160 --> 01:00:49,480
Speaker 2: When you look at the results, you look at the money,

1089
01:00:49,640 --> 01:00:52,240
Speaker 2: I mean, that's an extraordinary deal. But it gets back

1090
01:00:52,280 --> 01:00:54,160
Speaker 2: to what you said earlier. Is like one of the

1091
01:00:54,200 --> 01:00:59,120
Speaker 2: cowboys Achilles heels. They keep waiting to wait to do

1092
01:00:59,240 --> 01:01:01,200
Speaker 2: these deals, and to a point where they don't have

1093
01:01:01,320 --> 01:01:02,160
Speaker 2: much bargaining room.

1094
01:01:02,240 --> 01:01:05,240
Speaker 5: I'll say this, that's a great point. He is someone

1095
01:01:05,280 --> 01:01:08,000
Speaker 5: I should put at the top too, because he actually

1096
01:01:08,000 --> 01:01:12,000
Speaker 5: did something very shrewd. What he did when so many

1097
01:01:12,040 --> 01:01:14,560
Speaker 5: players like Mahomes and Allen they took these eight, nine,

1098
01:01:14,640 --> 01:01:17,160
Speaker 5: ten year deals. He took a four year deal. Four

1099
01:01:17,200 --> 01:01:21,160
Speaker 5: years is small sample size in the NFL, and got

1100
01:01:21,240 --> 01:01:26,120
Speaker 5: hurt in the last year, but still made a huge contract.

1101
01:01:26,440 --> 01:01:29,680
Speaker 5: Taking shorter deals as a quarterback is only going to

1102
01:01:29,760 --> 01:01:33,560
Speaker 5: make you more. The market is so inflated every year

1103
01:01:33,720 --> 01:01:36,000
Speaker 5: keeps going up and up, and then, of course when

1104
01:01:36,000 --> 01:01:37,680
Speaker 5: he got the last deal, the one that was done

1105
01:01:37,720 --> 01:01:42,400
Speaker 5: this year, he played and played and played Jerry Jones like, wait, wait, wait,

1106
01:01:43,280 --> 01:01:46,920
Speaker 5: I have some insight on that contract negotiation. The fifty

1107
01:01:47,000 --> 01:01:49,360
Speaker 5: five million a year was the highest for Joe Burrow,

1108
01:01:49,440 --> 01:01:53,480
Speaker 5: and the Cowboys were holding there and he kept saying, no,

1109
01:01:53,520 --> 01:01:55,360
Speaker 5: I need a six, I need a six in front

1110
01:01:55,400 --> 01:01:59,800
Speaker 5: of that number, and the Cowboys said no until the

1111
01:02:00,120 --> 01:02:03,720
Speaker 5: opening day of the season against the Browns, where he

1112
01:02:03,760 --> 01:02:07,920
Speaker 5: said yes. I mean, now, there's the playbook for negotiating

1113
01:02:07,920 --> 01:02:10,920
Speaker 5: with Jerry Jones. Just wait, wait, wait, wait, wait, and

1114
01:02:10,960 --> 01:02:13,120
Speaker 5: he'll come to you. Fine, we have to put one

1115
01:02:13,160 --> 01:02:15,840
Speaker 5: other person in there that's not a football player. But

1116
01:02:17,240 --> 01:02:19,160
Speaker 5: I hate to admit I'm a Sixers.

1117
01:02:18,680 --> 01:02:22,280
Speaker 1: Fan, so I already know where this is going.

1118
01:02:23,800 --> 01:02:26,400
Speaker 5: I think the number is close to three hundred million

1119
01:02:26,480 --> 01:02:33,960
Speaker 5: dollars for one Ben Simmons. I mean, we don't even

1120
01:02:34,000 --> 01:02:37,720
Speaker 5: need to go through career. Everyone listening who's heard of

1121
01:02:37,720 --> 01:02:41,000
Speaker 5: that name has a smirk on their face. Three hundred

1122
01:02:41,040 --> 01:02:45,320
Speaker 5: million dollars for that performance. And again, NBA not like NFL,

1123
01:02:45,400 --> 01:02:50,360
Speaker 5: fully guaranteed. And I drank the kool aid when I

1124
01:02:50,400 --> 01:02:53,760
Speaker 5: thought when the Sixers had Ben Simmons, I'm like, sky's

1125
01:02:53,800 --> 01:02:58,320
Speaker 5: the limit. He's gonna be great, and we see what's happened.

1126
01:02:58,880 --> 01:03:00,880
Speaker 1: Andrew, thank you so much for taking this time to

1127
01:03:00,880 --> 01:03:01,400
Speaker 1: spend with me.

1128
01:03:01,440 --> 01:03:04,880
Speaker 2: You've been delightful and breaking down this stuff in a

1129
01:03:04,920 --> 01:03:07,640
Speaker 2: way that I think everybody can easily digest and also

1130
01:03:08,040 --> 01:03:10,200
Speaker 2: see that man as a sports fan, we're in for

1131
01:03:10,320 --> 01:03:11,280
Speaker 2: some changeing time.

1132
01:03:11,480 --> 01:03:13,320
Speaker 1: So thank you very much and I appreciate you, and

1133
01:03:13,320 --> 01:03:14,160
Speaker 1: good luck going forward.

1134
01:03:14,360 --> 01:03:16,400
Speaker 5: Likewise, Chamil, always going to be with you. I enjoyed this.

1135
01:03:17,080 --> 01:03:20,360
Speaker 2: All right, take care. One more segment to go, and

1136
01:03:20,400 --> 01:03:23,040
Speaker 2: you guys know what that means. I got questions to

1137
01:03:23,320 --> 01:03:28,400
Speaker 2: answer up next, your viewer slash listener questions, and I

1138
01:03:28,640 --> 01:03:31,800
Speaker 2: have plenty of answers coming up next on the final

1139
01:03:31,800 --> 01:03:42,160
Speaker 2: segment of Spolatives. All right, y'all know what time it

1140
01:03:42,200 --> 01:03:44,800
Speaker 2: is time for me to answer one of your questions.

1141
01:03:44,880 --> 01:03:48,760
Speaker 2: And this week's question comes from DeBarge three sixteen. If

1142
01:03:48,760 --> 01:03:50,520
Speaker 2: the barge is in your handle, I have to assume

1143
01:03:50,560 --> 01:03:53,400
Speaker 2: you might be from Michigan since the DeBarge family is

1144
01:03:53,440 --> 01:03:57,360
Speaker 2: from Grand Rapids, Michigan. And secondly, this is my favorite

1145
01:03:57,400 --> 01:04:01,120
Speaker 2: question of all time in the history of this podcast.

1146
01:04:01,800 --> 01:04:04,680
Speaker 2: The bars three to sixteen ass who's your all time

1147
01:04:04,840 --> 01:04:06,600
Speaker 2: starting five pistons?

1148
01:04:06,640 --> 01:04:08,560
Speaker 1: Light up? Okay, let me start with the locks.

1149
01:04:08,880 --> 01:04:11,200
Speaker 2: Isaiah Thomas at point, Grin Hill at the three, Ben

1150
01:04:11,240 --> 01:04:14,280
Speaker 2: Wallace at the five locks shooting guard is the one

1151
01:04:14,320 --> 01:04:17,880
Speaker 2: I'm sweating because my options are Chauncey Billups Rip and

1152
01:04:18,000 --> 01:04:23,480
Speaker 2: Joe Dumars. That's two finals MVPs and Rip he was

1153
01:04:23,520 --> 01:04:26,480
Speaker 2: the coldest mid range shooter in the game. At the four,

1154
01:04:26,560 --> 01:04:29,240
Speaker 2: I've got another tough decision because my options are she Bill,

1155
01:04:29,280 --> 01:04:30,240
Speaker 2: Lambert and Robin.

1156
01:04:30,720 --> 01:04:32,000
Speaker 1: Can't have Robin and Ben.

1157
01:04:32,200 --> 01:04:35,040
Speaker 2: I mean, granted, we would get four hundred and twelve rebounds,

1158
01:04:35,080 --> 01:04:37,880
Speaker 2: but we need some scoring at those positions as well,

1159
01:04:38,280 --> 01:04:40,960
Speaker 2: So that leaves Lambier and she Between Lamber and.

1160
01:04:40,880 --> 01:04:42,280
Speaker 1: She'd who would you guess?

1161
01:04:42,400 --> 01:04:45,760
Speaker 2: Average more rebounds, shot better from three, shot a better

1162
01:04:45,840 --> 01:04:51,200
Speaker 2: field goal percentage. Overall toughness, I don't think we have

1163
01:04:51,240 --> 01:04:54,000
Speaker 2: a question, but the answer is Bill Lambert. Their career

1164
01:04:54,080 --> 01:04:56,680
Speaker 2: point per game averages are actually pretty similar. Bill Lambier

1165
01:04:56,760 --> 01:04:59,400
Speaker 2: averaged thirteen a games, She'd average fourteen point four.

1166
01:04:59,440 --> 01:05:02,960
Speaker 1: Sheet is my guy, but I'm going with Bill Lambert.

1167
01:05:03,240 --> 01:05:06,960
Speaker 2: So my all time starting five is this Isaiah Chauncey,

1168
01:05:07,440 --> 01:05:10,160
Speaker 2: Grant Hill, Bill Lambert, Ben Wallace.

1169
01:05:10,240 --> 01:05:12,480
Speaker 1: I reserve the right to change my mind with that lineup.

1170
01:05:12,520 --> 01:05:15,120
Speaker 2: We got every possible ingredient though scoring it systs, three

1171
01:05:15,120 --> 01:05:17,120
Speaker 2: point shooting, defense, and goonery.

1172
01:05:17,640 --> 01:05:20,160
Speaker 1: We went in the game and the fight flat out.

1173
01:05:20,720 --> 01:05:23,720
Speaker 2: Thanks to Bars three sixteen for my favorite question ever

1174
01:05:23,760 --> 01:05:26,680
Speaker 2: in the young history of politics. Now, if you have

1175
01:05:26,760 --> 01:05:28,400
Speaker 2: a question for me, you can hit me up on

1176
01:05:28,440 --> 01:05:31,720
Speaker 2: social media or email. I'm at Jamail Hill across all

1177
01:05:31,800 --> 01:05:35,800
Speaker 2: social media platforms Twitter, Instagram, fan based, Blue Sky, and threads,

1178
01:05:36,120 --> 01:05:39,360
Speaker 2: please use the hashtags politics. You also have the option

1179
01:05:39,440 --> 01:05:42,000
Speaker 2: of emailing me as Politics twenty twenty four at gmail

1180
01:05:42,080 --> 01:05:44,880
Speaker 2: dot com. You can send me a video of your question,

1181
01:05:44,960 --> 01:05:47,440
Speaker 2: but please make sure it's thirty seconds or less.

1182
01:05:47,720 --> 01:05:48,400
Speaker 1: Don't forget to.

1183
01:05:48,440 --> 01:05:52,200
Speaker 2: Follow and subscribe to spolitics on iHeart and follow spolitics

1184
01:05:52,240 --> 01:05:55,600
Speaker 2: pod on Instagram and TikTok so Politics is spelled s

1185
01:05:55,640 --> 01:05:57,400
Speaker 2: PO l I Tics.

1186
01:05:57,920 --> 01:06:00,560
Speaker 1: A new episode of Politics drops everything on.

1187
01:06:00,560 --> 01:06:04,760
Speaker 2: iHeart podcast, Apple Podcasts, or wherever you get your podcasts.

1188
01:06:05,080 --> 01:06:08,400
Speaker 2: This is politics where sports and politics don't just mix,

1189
01:06:09,040 --> 01:06:13,160
Speaker 2: they matter. Also, if you're looking for more, check out

1190
01:06:13,240 --> 01:06:16,640
Speaker 2: other reason Choice media podcasts, including Off the Cup and

1191
01:06:16,800 --> 01:06:20,120
Speaker 2: Native Lamp Pod. This week, the hosts at Native Lamp

1192
01:06:20,120 --> 01:06:23,520
Speaker 2: Pod are welcoming a special guest, my Man Uncle Rowe

1193
01:06:24,000 --> 01:06:27,000
Speaker 2: Roland Martin. So check it out wherever you listen to

1194
01:06:27,080 --> 01:06:33,840
Speaker 2: your favorite shows. Politics is the production of iHeart Podcasts

1195
01:06:33,840 --> 01:06:38,120
Speaker 2: and The Unbothered Network. I'm your host Jamel Hill. Executive

1196
01:06:38,120 --> 01:06:41,560
Speaker 2: producer is Taylor Chakoigne. Lucas Hymen is head of audio

1197
01:06:41,640 --> 01:06:46,120
Speaker 2: and executive producer. Original music for Spolitics provided by Kyle

1198
01:06:46,200 --> 01:06:47,920
Speaker 2: Visk from wiz fx