1 00:00:00,840 --> 00:00:05,040 Speaker 1: You're listening to Bloomberg Business of Sports from Bloomberg Radio. 2 00:00:06,400 --> 00:00:09,320 Speaker 1: This is the Bloomberg Business of Sports Show. We explore 3 00:00:09,360 --> 00:00:11,039 Speaker 1: the big money issues in the world of sports. On 4 00:00:11,160 --> 00:00:14,440 Speaker 1: Michael Barn I'm Scarlett. Coming up today, we'll be chatting 5 00:00:14,480 --> 00:00:18,159 Speaker 1: with Oak Glenna's president Dave cavill on the state of 6 00:00:18,200 --> 00:00:21,119 Speaker 1: the team as they look to build for the future 7 00:00:21,160 --> 00:00:23,720 Speaker 1: on the field and hope to find a new home. 8 00:00:23,800 --> 00:00:26,320 Speaker 1: That's straight ahead on the Bloomberg Business with Sports Show. 9 00:00:26,560 --> 00:00:28,800 Speaker 1: But first let's look at some of the top stories 10 00:00:28,840 --> 00:00:31,680 Speaker 1: of the week. A lot of soccer stories to talk about. 11 00:00:32,080 --> 00:00:36,960 Speaker 1: And let's start first of all about CTE because it's 12 00:00:37,000 --> 00:00:40,440 Speaker 1: something that we know about it in football and in 13 00:00:40,520 --> 00:00:44,680 Speaker 1: hockey and in hockey, but people forget in soccer sometimes 14 00:00:44,720 --> 00:00:47,160 Speaker 1: you have to use your head. And I'm not talking 15 00:00:47,200 --> 00:00:50,120 Speaker 1: about as in just thinking. I'm talking about you use 16 00:00:50,200 --> 00:00:54,000 Speaker 1: your head to hit the ball and their collisions are 17 00:00:54,000 --> 00:00:57,520 Speaker 1: going on out there. And now finally you know someone 18 00:00:57,560 --> 00:01:01,320 Speaker 1: has said, look I've gone public with my e T. Yes, 19 00:01:01,440 --> 00:01:06,080 Speaker 1: we're talking about former MLS defender Scott Vermillion. He has 20 00:01:06,120 --> 00:01:10,920 Speaker 1: the degenerative brain disease. Researchers have diagnosed that uh, he 21 00:01:11,000 --> 00:01:14,080 Speaker 1: has ct E for the first time or in an 22 00:01:14,200 --> 00:01:17,200 Speaker 1: MLS player, And of course this is a player who 23 00:01:17,200 --> 00:01:21,280 Speaker 1: died of an accidental drug overdose back in December at 24 00:01:21,319 --> 00:01:24,720 Speaker 1: the age of forty four. We're not able to directly 25 00:01:24,840 --> 00:01:27,720 Speaker 1: say that he died of ct E because clearly the 26 00:01:27,760 --> 00:01:31,520 Speaker 1: catalyst was an accidental drug overdose, but perhaps there was 27 00:01:31,560 --> 00:01:34,440 Speaker 1: a link to his playing days as to why he 28 00:01:34,560 --> 00:01:38,280 Speaker 1: developed this disease. And I think it's important here that 29 00:01:38,319 --> 00:01:41,399 Speaker 1: we make the point that this is not limited to 30 00:01:41,959 --> 00:01:45,640 Speaker 1: collision sports like football and hockey, and this has huge 31 00:01:45,680 --> 00:01:49,280 Speaker 1: ripercussions for kids who play soccer in the US and 32 00:01:49,360 --> 00:01:51,760 Speaker 1: around the world as well, and there have been steps 33 00:01:51,800 --> 00:01:55,440 Speaker 1: taken to perhaps reduce UH the number of kids who 34 00:01:55,520 --> 00:01:58,760 Speaker 1: might head the ball and make it so that it's 35 00:01:58,800 --> 00:02:01,400 Speaker 1: not something they do below the age of fourteen, to 36 00:02:01,560 --> 00:02:04,320 Speaker 1: reduce the likelihood of repeated blows to the head. I 37 00:02:04,760 --> 00:02:07,440 Speaker 1: think of all the sports like that, like with football, 38 00:02:07,680 --> 00:02:10,760 Speaker 1: and I always think of the name Dave Doerson, who 39 00:02:10,760 --> 00:02:16,360 Speaker 1: played in the NFL and he wound up with he 40 00:02:16,440 --> 00:02:21,280 Speaker 1: had a degenerative brain disease, and sadly UH, he committed 41 00:02:21,320 --> 00:02:27,400 Speaker 1: suicide and before he shot himself, he shot himself in 42 00:02:27,480 --> 00:02:29,320 Speaker 1: the heart. He said, Look, I want you guys to 43 00:02:29,400 --> 00:02:32,640 Speaker 1: look at my brain and study it and see what's 44 00:02:32,639 --> 00:02:34,960 Speaker 1: going on. I know it is taking a dark turn, 45 00:02:35,000 --> 00:02:38,480 Speaker 1: but CT is something that has to be handled. It's 46 00:02:38,520 --> 00:02:41,639 Speaker 1: not it's not a happy topic at all. And and 47 00:02:41,840 --> 00:02:44,959 Speaker 1: the soccer player is all the whole family of the 48 00:02:45,120 --> 00:02:47,520 Speaker 1: soccer player went through the same thing. The father of 49 00:02:47,600 --> 00:02:50,240 Speaker 1: the player said, we hope this will be a wake 50 00:02:50,280 --> 00:02:52,959 Speaker 1: up call to the soccer community, in particular to support 51 00:02:53,000 --> 00:02:55,160 Speaker 1: former players, get them to help they need, so that 52 00:02:55,360 --> 00:02:57,880 Speaker 1: something good can come out of what has happened with 53 00:02:57,960 --> 00:03:01,760 Speaker 1: their family. Now there is other soccer news, and it's 54 00:03:01,800 --> 00:03:06,079 Speaker 1: a little bit more right near less. Amazon said to 55 00:03:06,680 --> 00:03:10,680 Speaker 1: boost u K soccer coverage with the UAFA deal. It 56 00:03:10,880 --> 00:03:18,839 Speaker 1: is going to now broadcast the top football tournament and yeah, 57 00:03:19,040 --> 00:03:22,160 Speaker 1: and that's according to people familiar with the matter. Amazon 58 00:03:22,320 --> 00:03:25,920 Speaker 1: man has been really pushing hard to get into sports. Yeah, 59 00:03:26,000 --> 00:03:29,239 Speaker 1: they're upping their content and live sports is the only 60 00:03:29,280 --> 00:03:33,960 Speaker 1: appointment viewing anyone does apparently, so Amazon has money to 61 00:03:34,000 --> 00:03:36,760 Speaker 1: spend as well. Amazon, of course is a number of 62 00:03:36,760 --> 00:03:39,720 Speaker 1: broadcasters that are set to sign media rights with UFA, 63 00:03:39,840 --> 00:03:43,240 Speaker 1: so it's not the only one. But it's interesting that 64 00:03:43,560 --> 00:03:46,720 Speaker 1: it's joined the FRAY and can be an active bit or. 65 00:03:47,000 --> 00:03:50,240 Speaker 1: The value of this three year contract, according to people 66 00:03:50,280 --> 00:03:54,320 Speaker 1: familiar with the matter, maybe about higher than the previous cycles, 67 00:03:54,400 --> 00:03:58,640 Speaker 1: so that premium just keeps increasing. There are estimates out there, Uh, 68 00:03:58,680 --> 00:04:04,320 Speaker 1: this deal could be around one point seven billion euros. 69 00:04:04,680 --> 00:04:09,280 Speaker 1: And speaking of more going on about the broadcast rights, 70 00:04:09,600 --> 00:04:13,760 Speaker 1: Barcelona sold some of its television rights. Gee, what is 71 00:04:13,760 --> 00:04:17,000 Speaker 1: a TV now these days? I'm an old sports. Yeah, 72 00:04:17,960 --> 00:04:20,320 Speaker 1: they've sold it for more than two hundred million euros 73 00:04:20,360 --> 00:04:23,280 Speaker 1: to help its finances. That's according to what the club said, 74 00:04:23,880 --> 00:04:27,679 Speaker 1: and to be exact, it is two hundred seven point 75 00:04:27,800 --> 00:04:32,680 Speaker 1: five million euros breaking down dollars two hundred fifteen million 76 00:04:32,720 --> 00:04:36,440 Speaker 1: dollars in exchange for ten percent of the club's Spanish 77 00:04:36,520 --> 00:04:40,680 Speaker 1: League TV rights for the next twenty five years. That's 78 00:04:40,680 --> 00:04:43,960 Speaker 1: a really long contract and as relatively cheap when you 79 00:04:43,960 --> 00:04:47,520 Speaker 1: think about it. Why twenty five years they hold the product, 80 00:04:47,720 --> 00:04:49,680 Speaker 1: so they don't need to sell it for twenty five years. 81 00:04:49,720 --> 00:04:52,159 Speaker 1: They could sell it for five years. Well, according to 82 00:04:52,200 --> 00:04:55,640 Speaker 1: what they're saying, they want to get themselves in position now. 83 00:04:55,720 --> 00:05:00,360 Speaker 1: They's yeah, they want to include they want to proved 84 00:05:00,360 --> 00:05:04,960 Speaker 1: the club's financial resources and competitive positioning as like, yeah, 85 00:05:05,000 --> 00:05:07,120 Speaker 1: but they're selling it. She are we going to get 86 00:05:07,560 --> 00:05:12,320 Speaker 1: our mindset here in the United States that soccer is 87 00:05:12,400 --> 00:05:16,640 Speaker 1: the King's sport and all around the world except here. 88 00:05:17,200 --> 00:05:21,159 Speaker 1: It's like, Okay, it's nice have the NFL. Yeah, but 89 00:05:21,320 --> 00:05:26,240 Speaker 1: I mean it's bar Let's talk again in October or December, 90 00:05:26,440 --> 00:05:30,160 Speaker 1: January when like you won't even mention soccer because you're 91 00:05:30,160 --> 00:05:33,640 Speaker 1: all excited about the NFL playoffs, going to talk about 92 00:05:33,680 --> 00:05:39,640 Speaker 1: soccer then be talking more about Yeah, he sucked him, 93 00:05:39,880 --> 00:05:42,720 Speaker 1: they got in the fight. They're like, whatever, we're not 94 00:05:42,760 --> 00:05:44,480 Speaker 1: talking about soccer. We're not gonna We're not gonna talk 95 00:05:44,480 --> 00:05:46,680 Speaker 1: about football. We're gonna talk about the NFL. We're gonna 96 00:05:46,680 --> 00:05:50,200 Speaker 1: talk about the playoffs. I know, I know, I know that. 97 00:05:50,480 --> 00:05:53,760 Speaker 1: But soccer is big around the world. Yeah, it's the 98 00:05:53,800 --> 00:05:59,480 Speaker 1: world sport, but it can't compete with any given Sunday. Well, no, 99 00:05:59,720 --> 00:06:04,280 Speaker 1: that is true. You're gonna you're gonna watch Barcelona over 100 00:06:04,320 --> 00:06:14,039 Speaker 1: your Detroit lines. Why why eb up? Next on the show, 101 00:06:14,560 --> 00:06:17,800 Speaker 1: when you speak with Dave Cavill, president of the Oakland 102 00:06:17,839 --> 00:06:20,880 Speaker 1: A's just school me, man, It's just straight ahead on 103 00:06:21,000 --> 00:06:24,320 Speaker 1: the Bloomberg Business of sports. Michael Barr. You can follow 104 00:06:24,320 --> 00:06:26,799 Speaker 1: me on Twitter at Big Bar Sports. I'm Scarlet Food. 105 00:06:26,880 --> 00:06:30,080 Speaker 1: Let's just check Michael Barr's Twitter feed. Come to summer 106 00:06:30,160 --> 00:06:33,200 Speaker 1: come January and see whether he's talking about soccer. I'm 107 00:06:33,240 --> 00:06:36,120 Speaker 1: at Scarlet Food on Twitter. Oh man, that was out 108 00:06:36,279 --> 00:06:39,240 Speaker 1: with an exclamation. Boy. Don't forget to catch our podcast. 109 00:06:39,279 --> 00:06:42,920 Speaker 1: That's Monday's, Wednesdays and Thursdays on all your podcast platforms. 110 00:06:43,040 --> 00:06:46,359 Speaker 1: Right here on Bloomberg Business of Sports from Bloomberg Radio. 111 00:06:56,240 --> 00:07:00,400 Speaker 1: You're listening to Bloomberg Business of Sports from Bloomberg Radio. 112 00:07:01,560 --> 00:07:04,160 Speaker 1: This is the Bloomberg Business of Sports show. What we 113 00:07:04,240 --> 00:07:06,279 Speaker 1: explored the big money issues in the world of sports. 114 00:07:06,560 --> 00:07:10,240 Speaker 1: Michael Barn, I'm Scarlett Coming up. We are speaking with 115 00:07:10,360 --> 00:07:14,360 Speaker 1: Oakland Athletics president Dave Kevill to talk about his team 116 00:07:14,400 --> 00:07:17,960 Speaker 1: strategy heading towards the trade deadline with an eye toward 117 00:07:18,040 --> 00:07:22,320 Speaker 1: the future, and maybe, just maybe we'll get him to 118 00:07:22,360 --> 00:07:24,520 Speaker 1: talk about how things are going in the search for 119 00:07:25,000 --> 00:07:28,240 Speaker 1: possibly a new home. Dave Cavill, Welcome to the Bloomberg 120 00:07:28,320 --> 00:07:30,600 Speaker 1: Business of Sports. Also, thanks so much for having me. 121 00:07:30,680 --> 00:07:33,240 Speaker 1: Yet you know what, here comes the old geezer coming 122 00:07:33,280 --> 00:07:35,600 Speaker 1: out and I want to be talking baseball. So we're 123 00:07:35,600 --> 00:07:38,680 Speaker 1: gonna talk about the the old A's and I remember 124 00:07:38,760 --> 00:07:42,280 Speaker 1: Joe Rudy and Reggie Jackson when he was with the A's. Yes, 125 00:07:42,360 --> 00:07:45,720 Speaker 1: that's right, Yankees fans. He was with the A's before 126 00:07:46,160 --> 00:07:48,800 Speaker 1: he came to the Yankees, and I remember that team. 127 00:07:48,800 --> 00:07:51,080 Speaker 1: That team was an awesome team. When he entered the 128 00:07:51,080 --> 00:07:52,920 Speaker 1: Hall of Fame was all about him on the A's. 129 00:07:53,320 --> 00:07:58,000 Speaker 1: See it was, you remember correctly. And then you know 130 00:07:58,040 --> 00:08:01,040 Speaker 1: they won three straight World champions shift in the early 131 00:08:01,120 --> 00:08:05,040 Speaker 1: seventies and just such a colorful team of characters and 132 00:08:05,920 --> 00:08:10,240 Speaker 1: really amazing to watch with the Kelly Green uniform, you know, 133 00:08:10,400 --> 00:08:13,160 Speaker 1: mustache gang. You know, it's just an incredible period for 134 00:08:13,240 --> 00:08:18,800 Speaker 1: baseball and sports. What happens when a team unfortunately, let's 135 00:08:18,880 --> 00:08:21,160 Speaker 1: let's just say it's it's not the best year going 136 00:08:21,320 --> 00:08:23,840 Speaker 1: right now. Sometimes you know it's a little, you know, 137 00:08:23,880 --> 00:08:26,880 Speaker 1: a little down season this year. But I mean you're 138 00:08:26,880 --> 00:08:30,000 Speaker 1: the team that you know where you had moneyball and everything, 139 00:08:30,080 --> 00:08:32,320 Speaker 1: so there's such a rich history for you guys to 140 00:08:32,360 --> 00:08:34,480 Speaker 1: come back well, and you know, we're we're this is 141 00:08:34,480 --> 00:08:36,800 Speaker 1: part of the moneyball cycle. You know, we have a 142 00:08:36,840 --> 00:08:41,400 Speaker 1: situation where because of our limited resources and Um, you know, 143 00:08:41,600 --> 00:08:44,560 Speaker 1: it's harder for us to sign free agents and time 144 00:08:44,600 --> 00:08:48,160 Speaker 1: players once they become free agent eligible. We kind of 145 00:08:48,160 --> 00:08:50,120 Speaker 1: have a cycle where we have two or three years 146 00:08:50,160 --> 00:08:53,960 Speaker 1: we were very competitive, you games three years in a row, uh, 147 00:08:54,000 --> 00:08:56,920 Speaker 1: and then it's kind of like a reset or the 148 00:08:56,960 --> 00:09:00,240 Speaker 1: cycle kind of goes down and then you right back up. 149 00:09:00,440 --> 00:09:02,400 Speaker 1: And you know, Billy Being and David Forrest on our 150 00:09:02,440 --> 00:09:05,439 Speaker 1: baseball side has done an incredible job in the past 151 00:09:05,520 --> 00:09:08,839 Speaker 1: in really twenty years, you know, navigating that and making 152 00:09:08,880 --> 00:09:11,319 Speaker 1: sure that many years, I mean more than half the 153 00:09:11,400 --> 00:09:13,480 Speaker 1: years were in the playoffs, which is I think as 154 00:09:13,559 --> 00:09:15,679 Speaker 1: high as almost any club in the league. So we're 155 00:09:15,760 --> 00:09:17,959 Speaker 1: kind of in that cycle right now and getting a 156 00:09:18,000 --> 00:09:20,319 Speaker 1: lot of good young players and getting an exciting team 157 00:09:20,320 --> 00:09:23,240 Speaker 1: on the field, uh, that we can build towards over 158 00:09:23,280 --> 00:09:25,120 Speaker 1: the next couple of years. I hear what you're saying 159 00:09:25,120 --> 00:09:28,320 Speaker 1: about how there's these cycles where you're up and then 160 00:09:28,520 --> 00:09:30,920 Speaker 1: you know you have to kind of regroup. But so 161 00:09:31,040 --> 00:09:35,200 Speaker 1: many more teams are engaged in moneyball as well. What 162 00:09:35,240 --> 00:09:38,600 Speaker 1: you're doing. Back when Billy Being started, it worked really 163 00:09:38,600 --> 00:09:40,760 Speaker 1: well because no one seemed to really understand how to 164 00:09:40,840 --> 00:09:43,360 Speaker 1: value the metrics that you are arbitraging, but the market 165 00:09:43,440 --> 00:09:46,520 Speaker 1: is much more mature on that, and what you're doing 166 00:09:46,600 --> 00:09:49,520 Speaker 1: is no longer as distinctive as it was back then. 167 00:09:50,400 --> 00:09:52,760 Speaker 1: Talk a little bit about how other teams are also 168 00:09:53,120 --> 00:09:56,120 Speaker 1: looking for that same edge through market inefficiencies and how 169 00:09:56,160 --> 00:09:58,520 Speaker 1: that changes what you then have to do. Well, you're 170 00:09:58,559 --> 00:10:01,800 Speaker 1: absolutely right, you know, it's really become pervasive across not 171 00:10:01,960 --> 00:10:05,280 Speaker 1: just baseball, but sports in general, where all teams have 172 00:10:05,679 --> 00:10:09,360 Speaker 1: an analytics focus because it's so effective. You know what 173 00:10:09,440 --> 00:10:12,000 Speaker 1: Billy Dean was able to do, uh, and you know 174 00:10:12,200 --> 00:10:15,320 Speaker 1: his team and Paul de Podesta in the early two 175 00:10:15,360 --> 00:10:18,280 Speaker 1: thousands has really been copied. So you have to find 176 00:10:18,320 --> 00:10:20,640 Speaker 1: your next edge. And I think the one area that 177 00:10:20,640 --> 00:10:22,480 Speaker 1: I always see where we do a very good job, 178 00:10:22,520 --> 00:10:24,200 Speaker 1: and I think there's some other teams like Tampa in 179 00:10:24,200 --> 00:10:27,839 Speaker 1: the same boat the Guardians is having the discipline to 180 00:10:27,960 --> 00:10:30,840 Speaker 1: make the right decision because a lot of times the 181 00:10:30,880 --> 00:10:33,720 Speaker 1: decisions are unpopular. Sometimes it means you have to trade 182 00:10:33,760 --> 00:10:36,360 Speaker 1: away a very popular player or go through one of 183 00:10:36,360 --> 00:10:39,040 Speaker 1: the cycles that we're talking about right now. But in 184 00:10:39,120 --> 00:10:42,199 Speaker 1: the medium, serving the long term, you have better outcomes, 185 00:10:42,280 --> 00:10:44,000 Speaker 1: and so I still think there are ways to have 186 00:10:44,120 --> 00:10:48,920 Speaker 1: an edge against other teams, but it's become way way 187 00:10:49,120 --> 00:10:51,800 Speaker 1: harder and you need to actually you know, basically hit 188 00:10:51,840 --> 00:10:54,559 Speaker 1: at a higher batting average on that. So when you're 189 00:10:54,600 --> 00:10:56,440 Speaker 1: looking for that edge, is that edge going to come 190 00:10:56,440 --> 00:10:58,560 Speaker 1: in the form of a metric that others have not 191 00:10:58,679 --> 00:11:02,960 Speaker 1: yet discovered or is it? Uh in how you respond 192 00:11:03,200 --> 00:11:06,240 Speaker 1: to learning about a marketing efficiency, how exactly due to 193 00:11:06,280 --> 00:11:08,600 Speaker 1: play it? Well? What one is actually trying to find 194 00:11:08,600 --> 00:11:12,120 Speaker 1: new edges in different ways? And another way is getting 195 00:11:12,160 --> 00:11:16,679 Speaker 1: better at communicating UM analytics to the actual players. I 196 00:11:16,720 --> 00:11:19,240 Speaker 1: think that's something that you've seen across sports, you know, 197 00:11:19,280 --> 00:11:22,280 Speaker 1: being able to kind of translate the numbers in a 198 00:11:22,280 --> 00:11:25,680 Speaker 1: way where you can communicate to a player a picture 199 00:11:25,800 --> 00:11:28,280 Speaker 1: or hitter in a way that's effective, you know. I 200 00:11:28,320 --> 00:11:30,600 Speaker 1: think you see that like with Marcotte, our star new 201 00:11:30,640 --> 00:11:33,840 Speaker 1: skipper does an excellent job of that. UM. So I 202 00:11:33,880 --> 00:11:36,880 Speaker 1: think there are different ways to try to obtain kind 203 00:11:36,920 --> 00:11:40,240 Speaker 1: of a new edge or or competitive advantage against the 204 00:11:40,240 --> 00:11:43,360 Speaker 1: other teams, and we have to constantly innovate and think 205 00:11:43,400 --> 00:11:46,440 Speaker 1: of new ways to try to approach these problems. Some 206 00:11:46,520 --> 00:11:48,800 Speaker 1: are gonna work, some are not gonna work, But through 207 00:11:48,840 --> 00:11:51,520 Speaker 1: that process you're going to get better and hopefully have 208 00:11:51,679 --> 00:11:55,920 Speaker 1: more positive outcomes. One thing about money, and you hear 209 00:11:55,920 --> 00:11:58,360 Speaker 1: it all the time, is like, okay, well you know 210 00:11:58,400 --> 00:11:59,960 Speaker 1: we got to spend this much on the pay roll 211 00:12:00,040 --> 00:12:01,960 Speaker 1: roll or no, we gotta know spend it like you 212 00:12:02,000 --> 00:12:04,440 Speaker 1: know the big fat Yankees. You got all this money 213 00:12:04,480 --> 00:12:07,760 Speaker 1: you gotta throw towards you guys. Now your payroll has 214 00:12:07,800 --> 00:12:10,199 Speaker 1: been cut the forty seven point eight million dollars. Man, 215 00:12:10,240 --> 00:12:12,560 Speaker 1: that's the second lowest, and then it will be behind 216 00:12:12,640 --> 00:12:16,560 Speaker 1: the Orioles. And I bring this up because they played 217 00:12:16,559 --> 00:12:20,400 Speaker 1: a game on Tuesday, the Yankees and the a's score 218 00:12:20,520 --> 00:12:23,120 Speaker 1: was two to one Yankees one, but to the one. 219 00:12:23,400 --> 00:12:26,400 Speaker 1: That's very competitive. So now I bring up the question 220 00:12:26,640 --> 00:12:28,800 Speaker 1: do you need to have a fat payroll? Well, I 221 00:12:28,800 --> 00:12:31,800 Speaker 1: mean certainly, you know, superstar players are going to command 222 00:12:32,160 --> 00:12:35,960 Speaker 1: a superstar um you know pay and that's you know, 223 00:12:36,120 --> 00:12:39,240 Speaker 1: something that's happened from time in a more um a manorial. 224 00:12:39,400 --> 00:12:41,760 Speaker 1: So like that, that's going to happen. And I think 225 00:12:41,760 --> 00:12:44,320 Speaker 1: there are ways to win with or without, but certainly 226 00:12:44,360 --> 00:12:48,200 Speaker 1: having money makes it easier, and it certainly pays over 227 00:12:48,240 --> 00:12:51,240 Speaker 1: the rough spots in areas where you know, you make mistakes. 228 00:12:51,400 --> 00:12:53,720 Speaker 1: I think that's always a challenge when we have a 229 00:12:53,720 --> 00:12:56,240 Speaker 1: lower payroll or a lower budget, if you make one 230 00:12:56,280 --> 00:12:59,240 Speaker 1: big mistake, it can really cost you because there's really 231 00:12:59,280 --> 00:13:02,320 Speaker 1: no margin for air. And so I think that's one 232 00:13:02,320 --> 00:13:04,840 Speaker 1: of the biggest things that happens with the big market 233 00:13:04,840 --> 00:13:06,520 Speaker 1: clubs is they can kind of get away with a 234 00:13:06,520 --> 00:13:09,800 Speaker 1: couple of bad contracts. We're not so fortunate. We have 235 00:13:09,880 --> 00:13:12,880 Speaker 1: got to really make sure that every dollar is spent 236 00:13:12,960 --> 00:13:16,640 Speaker 1: super wisely. And I think historically David Um forst and 237 00:13:16,679 --> 00:13:18,920 Speaker 1: Billy being at an incredible job of that. You know, 238 00:13:18,960 --> 00:13:21,960 Speaker 1: we obviously everybody makes mistakes and has, you know, trades 239 00:13:22,040 --> 00:13:24,600 Speaker 1: or deals that they wish they could go back on. Um, 240 00:13:24,840 --> 00:13:27,520 Speaker 1: But I think overall that's a different focus. We just 241 00:13:27,559 --> 00:13:30,560 Speaker 1: have to be more efficient because you have less resources. 242 00:13:31,640 --> 00:13:36,280 Speaker 1: I've never heard of it. Do you guys give yourself 243 00:13:36,600 --> 00:13:40,160 Speaker 1: room for one mistake or two mistakes per season? How 244 00:13:40,200 --> 00:13:42,760 Speaker 1: do you think about that? Well, they're they're always they're 245 00:13:42,760 --> 00:13:45,640 Speaker 1: going to be UM decisions that you make that don't 246 00:13:45,640 --> 00:13:47,800 Speaker 1: pan out. I mean, keep in mind if could even 247 00:13:47,840 --> 00:13:50,880 Speaker 1: be the right decision from an expected value perspective, but 248 00:13:50,960 --> 00:13:53,160 Speaker 1: it just doesn't pan out. You know, you just don't 249 00:13:53,360 --> 00:13:55,760 Speaker 1: you don't know, you know, there's a spectrum of outcomes 250 00:13:55,960 --> 00:13:58,080 Speaker 1: in all these situations where you could have an injury 251 00:13:58,559 --> 00:14:02,959 Speaker 1: that's really unfortunate, UM that you know, comes out of nowhere. 252 00:14:03,040 --> 00:14:04,760 Speaker 1: So there's there's a lot of things. You know, there's 253 00:14:04,760 --> 00:14:08,160 Speaker 1: a chance UM involved in some of this. That's no 254 00:14:08,240 --> 00:14:10,280 Speaker 1: difference in the way the real world works. And I 255 00:14:10,320 --> 00:14:12,679 Speaker 1: think that's one reason that baseball and sports are so 256 00:14:12,760 --> 00:14:15,240 Speaker 1: interesting for people because they see it as a reflection 257 00:14:15,280 --> 00:14:19,120 Speaker 1: of society, their own lives, the ups and downs, and 258 00:14:19,160 --> 00:14:22,040 Speaker 1: how hard it can be to make decisions in an 259 00:14:22,040 --> 00:14:25,480 Speaker 1: effective way. Dave, is it the athletics or is it 260 00:14:25,560 --> 00:14:28,000 Speaker 1: the ace? Well, I've always liked the a's I think 261 00:14:28,040 --> 00:14:30,800 Speaker 1: that's the fun nickname. I think that's um, something that 262 00:14:30,840 --> 00:14:33,560 Speaker 1: obviously Charlie Findley and the seventies brought to the club 263 00:14:33,640 --> 00:14:36,720 Speaker 1: and there's something about that iconic hat and seeing that. 264 00:14:37,880 --> 00:14:39,640 Speaker 1: So I've always kind of got that direction with some 265 00:14:39,680 --> 00:14:41,160 Speaker 1: people like the athletics. So you know, we have a 266 00:14:41,160 --> 00:14:43,520 Speaker 1: couple of different options or folks. The other question it was, 267 00:14:43,560 --> 00:14:46,520 Speaker 1: and this is a little more serious here is the 268 00:14:46,560 --> 00:14:52,920 Speaker 1: Senate Committee is targeting MLB anti trust exemption bipartisan group 269 00:14:52,960 --> 00:14:57,640 Speaker 1: of senators and they're talking about the salaries for minor leaguers. 270 00:14:58,320 --> 00:15:01,600 Speaker 1: Your thoughts about it, first of all, about minor league 271 00:15:01,640 --> 00:15:04,840 Speaker 1: players trying to get their fair share of getting paid 272 00:15:05,000 --> 00:15:08,480 Speaker 1: and this committee about the MLB and a trust exemption. Well, 273 00:15:08,520 --> 00:15:12,520 Speaker 1: I mean, obviously we take all the actions and you know, 274 00:15:12,720 --> 00:15:16,560 Speaker 1: work of these government panels very seriously, and I know 275 00:15:16,720 --> 00:15:20,280 Speaker 1: the League Office and all the folks there are spending 276 00:15:20,320 --> 00:15:23,760 Speaker 1: time educating all the key stakeholders on the current state 277 00:15:23,800 --> 00:15:26,680 Speaker 1: of affairs and the industry, the majors, the miners, how 278 00:15:26,720 --> 00:15:29,080 Speaker 1: it affects our business. And I know that's been a 279 00:15:29,080 --> 00:15:32,040 Speaker 1: really positive conversation and I think that's going to continue, 280 00:15:32,520 --> 00:15:34,840 Speaker 1: and I think it will shape the discussion around some 281 00:15:34,880 --> 00:15:38,240 Speaker 1: of these meetings and hopefully the outcomes that are created 282 00:15:38,280 --> 00:15:41,400 Speaker 1: can be positive and maybe better reflects like the current 283 00:15:42,000 --> 00:15:44,840 Speaker 1: environment that we're in. The MLB took over operations of 284 00:15:44,840 --> 00:15:48,440 Speaker 1: the minor leagues before season. They made a lot of 285 00:15:48,480 --> 00:15:51,320 Speaker 1: big changes. Can you talk a little bit about what 286 00:15:51,400 --> 00:15:54,120 Speaker 1: the Oakland A's has done with its minor league team 287 00:15:54,280 --> 00:15:58,720 Speaker 1: in terms of um improving conditions for minor league players. Yeah, so, 288 00:15:58,760 --> 00:16:01,320 Speaker 1: I mean, obviously, thing out of the pandemic. I think 289 00:16:01,320 --> 00:16:04,680 Speaker 1: one of the key focuses was like just getting back operating, 290 00:16:05,080 --> 00:16:07,240 Speaker 1: figuring out which locations because it kind of was a 291 00:16:07,360 --> 00:16:09,920 Speaker 1: musical chairs every couple of years in the past, you 292 00:16:09,960 --> 00:16:11,920 Speaker 1: didn't know where your affiliate was going to be. It 293 00:16:12,000 --> 00:16:14,280 Speaker 1: might be in Texas, it might be in Michigan, it 294 00:16:14,360 --> 00:16:16,600 Speaker 1: might be in Ohio. And so they we've kind of 295 00:16:16,600 --> 00:16:19,720 Speaker 1: brought a little more stability to that. There's also been 296 00:16:19,760 --> 00:16:23,359 Speaker 1: a huge investment in facilities to ensure that the facilities 297 00:16:23,400 --> 00:16:26,640 Speaker 1: are considerably better for the players. So I think those 298 00:16:26,680 --> 00:16:29,800 Speaker 1: are important steps that have occurred as part of this transition, 299 00:16:30,200 --> 00:16:32,320 Speaker 1: and that's all going to be important to make sure 300 00:16:32,320 --> 00:16:35,680 Speaker 1: that we have the best environment for training for the 301 00:16:35,760 --> 00:16:38,840 Speaker 1: players h and also a good environment for fans in 302 00:16:38,880 --> 00:16:41,120 Speaker 1: these communities to watch the games. I mean that's the 303 00:16:41,160 --> 00:16:44,280 Speaker 1: other thing too. The minor leagues often are kind of 304 00:16:44,800 --> 00:16:48,880 Speaker 1: entree point for fans into baseball, especially in some of 305 00:16:48,880 --> 00:16:52,200 Speaker 1: these rural communities. You brought up fans and the A's 306 00:16:52,280 --> 00:16:57,400 Speaker 1: they do have a loyal fan base, but unfortunately you 307 00:16:57,480 --> 00:17:02,520 Speaker 1: have low attendance. We're talking like about eighty four average 308 00:17:02,560 --> 00:17:05,760 Speaker 1: per game. How do you get more butts in the seats? Well, 309 00:17:05,800 --> 00:17:08,600 Speaker 1: we fundamentally need to do facility, you know, our our 310 00:17:08,640 --> 00:17:13,399 Speaker 1: current Oakland Alameda Colosseum, it's ten years past. It's useful life. 311 00:17:13,800 --> 00:17:16,960 Speaker 1: You know, it's not competitive with the other professional sports 312 00:17:17,080 --> 00:17:19,439 Speaker 1: venues in the Bay Area or even in the country, 313 00:17:19,680 --> 00:17:22,000 Speaker 1: and we need to do what we can. And we're 314 00:17:22,080 --> 00:17:25,800 Speaker 1: spending millions of dollars a month, you know, working on 315 00:17:25,840 --> 00:17:27,959 Speaker 1: these parallel paths to determine if we can either get 316 00:17:28,000 --> 00:17:31,679 Speaker 1: our waterfront ballpark in Oakland Belt or an option in 317 00:17:31,760 --> 00:17:35,000 Speaker 1: Las Vegas. And that is really the prime focus of 318 00:17:35,040 --> 00:17:38,480 Speaker 1: the organization now is solving that really twenty year question 319 00:17:38,560 --> 00:17:40,199 Speaker 1: of where the A's are going to be because we 320 00:17:40,240 --> 00:17:41,960 Speaker 1: need to get in a new home so we can 321 00:17:41,960 --> 00:17:44,199 Speaker 1: have a great experience for our fans, for you know, 322 00:17:44,359 --> 00:17:48,080 Speaker 1: a bigger payroll and more competitive play on the field. Well, 323 00:17:48,119 --> 00:17:50,439 Speaker 1: your fan base follow you along to wherever you end up. 324 00:17:50,920 --> 00:17:53,160 Speaker 1: We have fans all over the country. You know. One thing, 325 00:17:53,200 --> 00:17:55,399 Speaker 1: you know, Facebook at a study of like fans in 326 00:17:55,480 --> 00:17:58,960 Speaker 1: different counties and things of that nature, and as fans 327 00:17:59,080 --> 00:18:01,840 Speaker 1: was like the number two in like so many parts 328 00:18:01,840 --> 00:18:04,560 Speaker 1: of the country. So you would go to like Phoenix 329 00:18:04,680 --> 00:18:06,639 Speaker 1: and like the top would be the Diamondbacks and then 330 00:18:06,680 --> 00:18:08,520 Speaker 1: two would be the A So there's a little bit 331 00:18:08,520 --> 00:18:10,679 Speaker 1: of a diasp for our the as fans around the country, 332 00:18:10,800 --> 00:18:13,359 Speaker 1: which I think plays well to Like if we have 333 00:18:13,400 --> 00:18:15,800 Speaker 1: a new facilities there in Oakland or Las Vegas, you know, 334 00:18:15,800 --> 00:18:17,840 Speaker 1: people can come back and say, Hey, that's somewhere I 335 00:18:17,880 --> 00:18:19,320 Speaker 1: want to come and watch that. I want to watch 336 00:18:19,320 --> 00:18:21,879 Speaker 1: it on television. And so I think there's kind of 337 00:18:21,880 --> 00:18:25,119 Speaker 1: a sleeping giant out there if we can continue to 338 00:18:25,720 --> 00:18:28,560 Speaker 1: find a way to have a new facility to be 339 00:18:28,640 --> 00:18:31,399 Speaker 1: you know, more competitive. You know, obviously we over the 340 00:18:31,440 --> 00:18:34,040 Speaker 1: last five years been in the playoffs, you know for 341 00:18:34,240 --> 00:18:37,760 Speaker 1: those years, so we've had success on the diamond, but 342 00:18:37,800 --> 00:18:39,560 Speaker 1: we need to match that up with a great fan 343 00:18:39,640 --> 00:18:42,439 Speaker 1: experience in the stadium. To do you think they're more 344 00:18:42,480 --> 00:18:45,240 Speaker 1: a fans outside of Oakland the Spa area than there 345 00:18:45,280 --> 00:18:48,240 Speaker 1: are inside. I think I think there actually are, Yeah, 346 00:18:48,280 --> 00:18:50,040 Speaker 1: because you know this area. You know, I've lived through 347 00:18:50,080 --> 00:18:52,400 Speaker 1: thirty years in the Bay Area. It's been very transient 348 00:18:52,440 --> 00:18:54,640 Speaker 1: over the last generation. People have moved in and out. 349 00:18:55,000 --> 00:18:56,560 Speaker 1: A lot of the people who grew up here, like 350 00:18:56,560 --> 00:18:59,560 Speaker 1: in the eighties and followed McGuire and Consaco and those 351 00:18:59,560 --> 00:19:02,560 Speaker 1: players have moved somewhere else. And so those are you know, 352 00:19:02,640 --> 00:19:06,760 Speaker 1: the kernels of fans and other locations, and they watch 353 00:19:06,880 --> 00:19:10,439 Speaker 1: us on television or listen on as casts on the radio, 354 00:19:11,080 --> 00:19:14,240 Speaker 1: and so we want to create and foster that connection 355 00:19:14,600 --> 00:19:17,479 Speaker 1: and build it through those fans that are kind of 356 00:19:17,960 --> 00:19:21,199 Speaker 1: in other places. Standby. We have more coming up with 357 00:19:21,359 --> 00:19:25,480 Speaker 1: Dave Cavill, president of the Oakland Athletics or Oakland A's, 358 00:19:25,560 --> 00:19:28,800 Speaker 1: whichever you prefer. We'll talk more about the team and 359 00:19:28,800 --> 00:19:32,520 Speaker 1: we're gonna talk more about all the amenities that they 360 00:19:32,560 --> 00:19:34,600 Speaker 1: have at some of the a's games. That's straight ahead 361 00:19:34,600 --> 00:19:37,280 Speaker 1: on the Bloomberg Business of Sports. I'm Michael bar. You 362 00:19:37,320 --> 00:19:39,640 Speaker 1: can follow me on Twitter at Big Bar Sports and 363 00:19:39,680 --> 00:19:43,280 Speaker 1: follow me on Twitter at Scarlett. So do not forget. Really, 364 00:19:43,320 --> 00:19:46,159 Speaker 1: I didn't even use a contraction. Do not forget to 365 00:19:46,280 --> 00:19:49,719 Speaker 1: catch our podcast at Monday's, Wednesdays and Thursdays on all 366 00:19:49,760 --> 00:19:52,600 Speaker 1: your podcast platforms and right here on Bloomberg Business of 367 00:19:52,680 --> 00:20:02,399 Speaker 1: Sports from Bloomberg Radio. You're listening to Bloomberg Business of 368 00:20:02,480 --> 00:20:07,600 Speaker 1: Sports from Bloomberg Radio. This is the Bloomberg Business of 369 00:20:07,600 --> 00:20:09,600 Speaker 1: Sports show. We explore the big money issues in the 370 00:20:09,600 --> 00:20:12,960 Speaker 1: world of sports. I'm Michael Barn, I'm Scarlet and on 371 00:20:13,000 --> 00:20:18,200 Speaker 1: the show today we're speaking with Oakland Athletics President Dave Cavill. Cavill, Sir. 372 00:20:18,800 --> 00:20:21,480 Speaker 1: Is the seventh president in the history of the organization 373 00:20:22,040 --> 00:20:24,840 Speaker 1: and has played a huge role in revamping the fan 374 00:20:24,920 --> 00:20:28,760 Speaker 1: experience at a's games, like adding amenities like gourmet food 375 00:20:28,760 --> 00:20:32,600 Speaker 1: trucks and all the access to the clubs the gourmet 376 00:20:32,640 --> 00:20:36,880 Speaker 1: food trucks, creating new ticket programs the gourmet food trucks, 377 00:20:37,119 --> 00:20:40,480 Speaker 1: and even hosting Major League Baseball's first completely free game 378 00:20:40,960 --> 00:20:44,159 Speaker 1: and gourmet food trucks. So, I guess my question to 379 00:20:44,200 --> 00:20:47,760 Speaker 1: you is how about those gourmet food trucks, because that 380 00:20:47,840 --> 00:20:51,040 Speaker 1: sounds like a great idea. It is for all the games. 381 00:20:51,080 --> 00:20:55,040 Speaker 1: We created this incredible environment called Championship Plaza celebrates the 382 00:20:55,520 --> 00:20:59,359 Speaker 1: nine World Championships, and we get anywhere from eight to 383 00:20:59,440 --> 00:21:02,359 Speaker 1: ten food on stap at the game. You get everything 384 00:21:02,440 --> 00:21:08,560 Speaker 1: from you know, creole food from Louisiana to barbecue. We 385 00:21:08,640 --> 00:21:11,160 Speaker 1: get the you know, crab shack comes out. I mean, 386 00:21:11,160 --> 00:21:13,800 Speaker 1: so it's just incredible different food offerings and it's just 387 00:21:13,880 --> 00:21:15,920 Speaker 1: you know, getting hungry just talking about it right now. 388 00:21:16,480 --> 00:21:18,960 Speaker 1: And we get the Italian ice. I love the Italian ice. 389 00:21:19,000 --> 00:21:21,640 Speaker 1: One is just incredible. So all the food options are 390 00:21:21,640 --> 00:21:25,720 Speaker 1: really fun and it's kind of a cool like festival atmosphere, 391 00:21:26,160 --> 00:21:28,280 Speaker 1: and there's a big video board you can watch the game. 392 00:21:28,400 --> 00:21:30,959 Speaker 1: And we did this down when I ran the soccer 393 00:21:31,000 --> 00:21:32,879 Speaker 1: team in San Jose the earthquakes, and it's just a 394 00:21:32,920 --> 00:21:37,000 Speaker 1: great environment for families to hang out and be at 395 00:21:37,000 --> 00:21:39,480 Speaker 1: the game. Kind of in a different context. Yeah, I 396 00:21:39,520 --> 00:21:41,680 Speaker 1: think about the times I go to what used to 397 00:21:41,720 --> 00:21:44,439 Speaker 1: be pac Belt Park and I can't even honestly recall 398 00:21:44,440 --> 00:21:50,840 Speaker 1: what the name of it is now Park Oracle, the 399 00:21:51,040 --> 00:21:55,359 Speaker 1: change it time wherever the Giants play. How about that 400 00:21:56,440 --> 00:21:59,760 Speaker 1: um and the food that they have there. I'm curious 401 00:21:59,800 --> 00:22:02,960 Speaker 1: to at your take on what you think about how 402 00:22:03,080 --> 00:22:05,600 Speaker 1: sharing a market the Bay Area with the Giants has 403 00:22:05,720 --> 00:22:08,760 Speaker 1: changed over your time as president of the Oakland A's. 404 00:22:09,280 --> 00:22:11,280 Speaker 1: I know that in the past there have been a 405 00:22:11,280 --> 00:22:15,520 Speaker 1: lot of comments from as management about the difficulties the 406 00:22:15,640 --> 00:22:18,639 Speaker 1: challenges of sharing that market with the Giants. I'd like 407 00:22:18,680 --> 00:22:20,720 Speaker 1: you first to comment on how it's changed over your 408 00:22:20,720 --> 00:22:24,359 Speaker 1: time and whether you see any parallels between sharing the 409 00:22:24,400 --> 00:22:28,000 Speaker 1: Bay Area market between these two teams and what's happening, 410 00:22:28,000 --> 00:22:30,639 Speaker 1: say friends Stance in New York. Well, there's certainly challenges 411 00:22:30,760 --> 00:22:33,800 Speaker 1: from a marketing perspective to have the two teams, um, 412 00:22:34,040 --> 00:22:36,679 Speaker 1: you know, you're competing over fans and things of that nature. 413 00:22:37,160 --> 00:22:39,480 Speaker 1: I think long term it's good to have the rivalry 414 00:22:39,480 --> 00:22:41,200 Speaker 1: of two teams. I think you could almost look to 415 00:22:41,320 --> 00:22:44,800 Speaker 1: European soccer like in London or Tottenham is a big 416 00:22:44,880 --> 00:22:48,399 Speaker 1: rival to Arsenal and Chelsea and it actually grows the 417 00:22:48,480 --> 00:22:51,080 Speaker 1: interest in the sport. And I think one of the 418 00:22:51,160 --> 00:22:53,920 Speaker 1: challenges we've had is we just don't have a facility 419 00:22:54,680 --> 00:22:57,200 Speaker 1: um to play in this at the same standards as 420 00:22:57,359 --> 00:23:00,600 Speaker 1: Oracle Park, and that puts us at a severe advantage, 421 00:23:00,640 --> 00:23:02,680 Speaker 1: you know. And so that's why if we can get 422 00:23:02,720 --> 00:23:07,240 Speaker 1: this incredible Crown Jewel, a new waterfront stadium at Howard Terminal, 423 00:23:07,640 --> 00:23:10,000 Speaker 1: we're going to be able to compete as an equal 424 00:23:10,119 --> 00:23:13,200 Speaker 1: or even high at a higher level from a fan 425 00:23:13,240 --> 00:23:16,360 Speaker 1: experience than the Giants because their stadiums thirty years old 426 00:23:16,440 --> 00:23:18,560 Speaker 1: or twenty years old. And so I think that's really 427 00:23:18,600 --> 00:23:21,960 Speaker 1: an important factor and our decisions as a franchise have 428 00:23:22,160 --> 00:23:24,720 Speaker 1: to be made through the lens of Hey, this is 429 00:23:24,760 --> 00:23:27,639 Speaker 1: a two team market. We're competing with the Giants, and 430 00:23:27,680 --> 00:23:30,520 Speaker 1: we have to create a product that's on the same 431 00:23:30,600 --> 00:23:33,360 Speaker 1: level or higher. Well the facility. Getting a new facility 432 00:23:33,480 --> 00:23:36,480 Speaker 1: solved the issues when it comes to payroll and putting 433 00:23:36,520 --> 00:23:39,480 Speaker 1: a competitive team on the field. Yes, I think it 434 00:23:39,600 --> 00:23:42,040 Speaker 1: can because we're going to have, you know, several hundred 435 00:23:42,080 --> 00:23:45,520 Speaker 1: million in additional revenue um that we can then put 436 00:23:45,600 --> 00:23:48,359 Speaker 1: back and reinvest in the players. You know, we operated 437 00:23:48,400 --> 00:23:52,440 Speaker 1: almost a two million dollar revenue disparity to the Giants, 438 00:23:52,440 --> 00:23:54,960 Speaker 1: and they're able to funnel that back into both the 439 00:23:54,960 --> 00:23:58,080 Speaker 1: fan experience and then most importantly on the players side. 440 00:23:58,240 --> 00:24:01,639 Speaker 1: You know, we've competed at a very high level without 441 00:24:01,680 --> 00:24:05,520 Speaker 1: those resources. So if we I think deploy that and 442 00:24:05,640 --> 00:24:07,920 Speaker 1: give that to the moneyball crew Billy being David for 443 00:24:08,080 --> 00:24:11,359 Speaker 1: Uce the whole team, I think we can be extremely 444 00:24:11,359 --> 00:24:14,280 Speaker 1: competitive on a year to year basis and really compete 445 00:24:14,560 --> 00:24:16,440 Speaker 1: head on. And so that's one of the reasons we're 446 00:24:16,440 --> 00:24:19,639 Speaker 1: spending spending so much time on the ballpark effort and 447 00:24:19,680 --> 00:24:21,600 Speaker 1: doing everything we can to kind of get a breakthrough 448 00:24:21,680 --> 00:24:24,080 Speaker 1: and get it built because it is such a game 449 00:24:24,160 --> 00:24:27,960 Speaker 1: changer for us. If you get a new ballpark on 450 00:24:28,000 --> 00:24:32,240 Speaker 1: the waterfront in that area, how will you financing? Will 451 00:24:32,280 --> 00:24:36,080 Speaker 1: it go through trying to get some taxpayer dollars or 452 00:24:36,160 --> 00:24:39,600 Speaker 1: will it be all privately financed. The stadium is all 453 00:24:39,600 --> 00:24:43,359 Speaker 1: privately financed. It's part of a larger twelve billion dollar 454 00:24:44,080 --> 00:24:47,840 Speaker 1: a real estate project that we are leading. And so 455 00:24:47,880 --> 00:24:51,920 Speaker 1: there is tax increment financing, which is basically but four taxes, 456 00:24:51,960 --> 00:24:54,640 Speaker 1: taxes that are only generated by the project that are 457 00:24:54,760 --> 00:24:57,840 Speaker 1: used to pay back our upfront investment in infrastructure. So 458 00:24:57,920 --> 00:25:00,359 Speaker 1: that is the contribution from the public side is a 459 00:25:00,520 --> 00:25:03,360 Speaker 1: public private partnership. And that's the typical way you'd see 460 00:25:03,359 --> 00:25:05,720 Speaker 1: a big project like this done. You know, Hudson Yards 461 00:25:05,720 --> 00:25:07,760 Speaker 1: in New York, and think of that nature, and it 462 00:25:07,800 --> 00:25:09,920 Speaker 1: can be very effective in taking an area this is 463 00:25:09,960 --> 00:25:14,400 Speaker 1: an industrial area and really kind of reimagining it as 464 00:25:14,440 --> 00:25:18,000 Speaker 1: a commercial and entertainment hub on the waterfront. How worried, therefore, 465 00:25:18,080 --> 00:25:20,359 Speaker 1: are you about the state of the economy and rising 466 00:25:20,400 --> 00:25:25,240 Speaker 1: interest rates on Oakland's appetite to fund something like that 467 00:25:25,359 --> 00:25:28,439 Speaker 1: or contribute something like that, or any other city for 468 00:25:28,480 --> 00:25:33,720 Speaker 1: that matters, willingness to subsidize a new stadium in any way, Well, 469 00:25:33,920 --> 00:25:37,640 Speaker 1: considering that the only dollars invested from the public side, 470 00:25:37,680 --> 00:25:40,080 Speaker 1: or dollars that are generated by the project, there's very 471 00:25:40,080 --> 00:25:43,600 Speaker 1: little risks for the municipality It's very different than like 472 00:25:43,640 --> 00:25:46,480 Speaker 1: when the Raiders came from l A and they built 473 00:25:46,520 --> 00:25:49,440 Speaker 1: the stadium or renovated the stadium for them and issue 474 00:25:49,480 --> 00:25:52,480 Speaker 1: their own bomb. This is a very different deal, and 475 00:25:52,560 --> 00:25:57,080 Speaker 1: it's way more financially responsible for all parties and more 476 00:25:57,119 --> 00:25:59,240 Speaker 1: consistent with the way these deals are put together in 477 00:25:59,240 --> 00:26:01,720 Speaker 1: the Bay Area. So I don't think that the economy 478 00:26:01,760 --> 00:26:04,959 Speaker 1: will have a noticeable impact on that. If anything, if 479 00:26:04,960 --> 00:26:07,560 Speaker 1: the economy that there might be more of an initiative saying, hey, 480 00:26:07,600 --> 00:26:10,400 Speaker 1: we need a big project like this. Dave Cavil, thank 481 00:26:10,440 --> 00:26:14,040 Speaker 1: you very much, President of the Oakland A's. I'm gonna 482 00:26:14,040 --> 00:26:16,080 Speaker 1: hope you had a good time and just to sit 483 00:26:16,119 --> 00:26:18,760 Speaker 1: down with us and chew the fat about baseball. We 484 00:26:18,800 --> 00:26:21,359 Speaker 1: really do appreciate it. Thank you, sir, Thanks for having me, 485 00:26:21,760 --> 00:26:25,439 Speaker 1: Dave Cavil. I always love talking baseball, and obviously when 486 00:26:25,480 --> 00:26:28,880 Speaker 1: you're the president of a major League baseball team, that's 487 00:26:28,920 --> 00:26:32,440 Speaker 1: the guy to talk to about baseball. And I know, Scarlett, 488 00:26:32,960 --> 00:26:36,840 Speaker 1: the record is kind of low right now, but you know, 489 00:26:37,280 --> 00:26:41,320 Speaker 1: not good. It's not good, but they it's still baseball, 490 00:26:41,760 --> 00:26:44,480 Speaker 1: and it's still can be very good baseball. And like 491 00:26:44,520 --> 00:26:47,080 Speaker 1: I was saying earlier, you don't have to have a 492 00:26:47,119 --> 00:26:51,280 Speaker 1: big payroll to be competitive. Yeah, but the record overall 493 00:26:51,400 --> 00:26:53,320 Speaker 1: leaves a lot to be desired. They have a three 494 00:26:54,000 --> 00:26:57,199 Speaker 1: winning percentage right now. Um, the next worst team in 495 00:26:57,240 --> 00:27:00,760 Speaker 1: the a L West has a four sixty one winning percentage, 496 00:27:00,800 --> 00:27:04,359 Speaker 1: so they're two and a half games back it up 497 00:27:06,480 --> 00:27:11,080 Speaker 1: from the asterisk. Okay, I guess the question when it 498 00:27:11,119 --> 00:27:13,840 Speaker 1: comes to the A's because they're so synonymous with money balled. 499 00:27:13,880 --> 00:27:15,840 Speaker 1: I guess it works right now if you're going through 500 00:27:15,840 --> 00:27:18,840 Speaker 1: the pain of refreshing the cycle and everything, and if 501 00:27:18,840 --> 00:27:21,080 Speaker 1: you're going to be approved for a new stadium, now 502 00:27:21,160 --> 00:27:23,920 Speaker 1: is the time or and you'll move potentially, now is 503 00:27:23,960 --> 00:27:27,159 Speaker 1: the time that refreshing that cycle could make sense? I 504 00:27:27,160 --> 00:27:29,159 Speaker 1: don't know, it might not. It creates a lot of 505 00:27:29,240 --> 00:27:32,359 Speaker 1: perhaps ill will among the fan base too. I thought 506 00:27:32,359 --> 00:27:34,040 Speaker 1: it was interesting that he said that they have more 507 00:27:34,080 --> 00:27:37,040 Speaker 1: fans outside of the Bay than they do inside, and 508 00:27:37,320 --> 00:27:41,320 Speaker 1: that's something that's why I wonder if that they're rooting 509 00:27:41,400 --> 00:27:44,520 Speaker 1: to hit that waterfront stadium instead of moving the whole 510 00:27:44,560 --> 00:27:47,840 Speaker 1: thing to Las Vegas. I think it would be much 511 00:27:47,840 --> 00:27:51,480 Speaker 1: more beneficial for them to go to the waterfront route, 512 00:27:51,880 --> 00:27:54,320 Speaker 1: and hopefully they can work financing out. Hopefully they can 513 00:27:54,359 --> 00:27:56,040 Speaker 1: work that out. Hopefully they can work it out with 514 00:27:56,080 --> 00:27:57,960 Speaker 1: the port in the city. There's a lot of different 515 00:27:57,960 --> 00:28:01,080 Speaker 1: stakeholders here that have to agree to it, and I 516 00:28:01,119 --> 00:28:03,359 Speaker 1: think we've seen in the past it's much easier for 517 00:28:03,480 --> 00:28:05,119 Speaker 1: franchises to say, you know what, we're just going to 518 00:28:05,240 --> 00:28:07,000 Speaker 1: leave and go to another city rather than deal with 519 00:28:07,040 --> 00:28:11,840 Speaker 1: this want that feels better to be than one than 520 00:28:11,920 --> 00:28:13,800 Speaker 1: number five. I'll wear a number because of Mike. We 521 00:28:13,840 --> 00:28:15,239 Speaker 1: have a chance to go for three and a row. 522 00:28:15,320 --> 00:28:17,240 Speaker 1: Good numbers are a good time. When I first started 523 00:28:17,280 --> 00:28:19,879 Speaker 1: wearing that number, I would just have been proud Bloomberg 524 00:28:20,040 --> 00:28:24,800 Speaker 1: Business of Sports, the number of the week. Time now 525 00:28:25,160 --> 00:28:29,840 Speaker 1: for the number of the week, and uh, it's you. 526 00:28:29,840 --> 00:28:33,320 Speaker 1: You are competing with you one last week. So now 527 00:28:33,640 --> 00:28:35,080 Speaker 1: I kind of want to keep it that way. This 528 00:28:35,160 --> 00:28:38,320 Speaker 1: is we're going to call this a version of well, 529 00:28:38,320 --> 00:28:40,720 Speaker 1: you know what. It's just like we're sitting at home 530 00:28:40,920 --> 00:28:44,680 Speaker 1: and we're playing trivial pursuit and this question comes up, 531 00:28:45,440 --> 00:28:48,000 Speaker 1: and this is now. But I got to give you 532 00:28:48,040 --> 00:28:51,800 Speaker 1: a range. So I'm gonna give you. Let's say, Michael 533 00:28:51,800 --> 00:28:53,680 Speaker 1: Barr is trying to think of ways where I won't 534 00:28:53,680 --> 00:28:57,840 Speaker 1: embarrass myself. I want to say fifty either way. Okay, okay, 535 00:28:57,840 --> 00:29:01,080 Speaker 1: fifty high or fifty low. Okay, here we go. Sue 536 00:29:01,120 --> 00:29:04,440 Speaker 1: Bird she became the w n b a's leader in 537 00:29:04,640 --> 00:29:08,480 Speaker 1: career wins. And she did it this past week for 538 00:29:08,560 --> 00:29:12,760 Speaker 1: the Seattle Storm as they beat the Las Vegas Aces. 539 00:29:13,960 --> 00:29:16,120 Speaker 1: And this happened on Wednesday night, and it should be 540 00:29:16,160 --> 00:29:21,400 Speaker 1: important Wednesday night. Within fifty high or low? How many 541 00:29:21,440 --> 00:29:25,600 Speaker 1: wins career wins does Sue Bird have? How many years 542 00:29:25,600 --> 00:29:29,760 Speaker 1: did she? How long is her career again? She has played? Yeah, 543 00:29:29,800 --> 00:29:32,720 Speaker 1: two thousand two, thank you, thank you, Justin, Justin, our 544 00:29:32,720 --> 00:29:40,120 Speaker 1: producer just saved us. So twenty year career in career wins. Um. 545 00:29:40,240 --> 00:29:42,040 Speaker 1: I don't even know how many games they played per season. 546 00:29:43,520 --> 00:29:46,320 Speaker 1: I know I'm asking lots of details, detailed questions because 547 00:29:46,320 --> 00:29:53,840 Speaker 1: I'm trying to buy time here. Oh no, I thought 548 00:29:53,880 --> 00:29:56,200 Speaker 1: if I gave you fifty high or low, it would 549 00:29:56,200 --> 00:30:02,520 Speaker 1: because she But that's all right. We've got some lovely 550 00:30:02,560 --> 00:30:06,440 Speaker 1: parting gifts for you. Yeah, we've got some carbon monoxide 551 00:30:06,480 --> 00:30:08,760 Speaker 1: alarms and all the other stuff for you. Man. That's 552 00:30:08,760 --> 00:30:11,560 Speaker 1: an inside joke. Yeah, yeah, we'll explain that one day 553 00:30:11,640 --> 00:30:17,560 Speaker 1: later on. But anyway, man. But now, but she is awesome. 554 00:30:17,640 --> 00:30:19,560 Speaker 1: I mean I I think a lot. What is her 555 00:30:19,640 --> 00:30:23,080 Speaker 1: overall record? Now, I don't know her overall record. I 556 00:30:23,120 --> 00:30:25,880 Speaker 1: will apologize for that because I'm just maybe she's played 557 00:30:25,880 --> 00:30:30,080 Speaker 1: that many games overall. Well, no career wins, now that's true. 558 00:30:30,080 --> 00:30:32,920 Speaker 1: I see what you're saying. Career, you know, could have 559 00:30:32,960 --> 00:30:36,360 Speaker 1: been games played. Yeah, okay, we'll give you that, all right. 560 00:30:37,040 --> 00:30:42,160 Speaker 1: Trying to find a way to stay faced laughing. This 561 00:30:42,240 --> 00:30:45,200 Speaker 1: has been the Bloomberg Business of Sports show. We explore 562 00:30:45,280 --> 00:30:47,960 Speaker 1: some of the big money issues in the world of sports. 563 00:30:48,000 --> 00:30:49,840 Speaker 1: I'm Michael bar you can follow me on Twitter and 564 00:30:49,920 --> 00:30:53,320 Speaker 1: Big Bar Sports. I'm on Twitter at Scarlett Foo And 565 00:30:53,400 --> 00:30:57,200 Speaker 1: of course you can download this show because it is downloaded. 566 00:30:57,200 --> 00:31:00,960 Speaker 1: Every Monday, Wednesday and Thursday. You have been listening to 567 00:31:01,000 --> 00:31:04,840 Speaker 1: The Bloomberg Business of Sports from Bloomberg Radio around the world.