1 00:00:01,160 --> 00:00:04,160 Speaker 1: Hello, I'm Scott, I'm Evan, Nobi Williams, and I'm Michael 2 00:00:04,200 --> 00:00:06,920 Speaker 1: Vary And this is the Bloomberg Business of Sports podcast 3 00:00:06,960 --> 00:00:12,120 Speaker 1: where we Evan did not participate. Man, it's like we're 4 00:00:12,119 --> 00:00:13,960 Speaker 1: going to explore the big money issues in the world 5 00:00:13,960 --> 00:00:15,520 Speaker 1: of sports. Part did you did you get the tweet 6 00:00:15,560 --> 00:00:17,479 Speaker 1: that I sent around that I tweeted for everybody to 7 00:00:17,520 --> 00:00:22,200 Speaker 1: see some guy named I assume guy, excuse me, John Gonzalez. 8 00:00:22,360 --> 00:00:25,560 Speaker 1: Did you see this morning? Tweeted After years of carrying 9 00:00:25,600 --> 00:00:29,040 Speaker 1: an Underscore in my handle, I have been liberated and 10 00:00:29,080 --> 00:00:33,400 Speaker 1: recognized as your one true John Gonzalez A New Day, 11 00:00:33,440 --> 00:00:36,959 Speaker 1: Dawns not there for you, you at you and at. 12 00:00:36,960 --> 00:00:40,680 Speaker 1: Evan Medina replied that was that was cool. This guy 13 00:00:40,760 --> 00:00:43,239 Speaker 1: is so happy to get rid of the Underscore A 14 00:00:43,400 --> 00:00:47,800 Speaker 1: New Day Dawns. Evan flexed these muscles. No, I'm happy 15 00:00:47,840 --> 00:00:50,479 Speaker 1: to have that John Gonzalez off the Underscore team. We 16 00:00:50,520 --> 00:00:59,480 Speaker 1: didn't want him anyway. We didn't want him anyway, Underscore, Underpass, 17 00:00:59,720 --> 00:01:04,240 Speaker 1: Captain Underscore. Let's start with um. Let's start with something serious. 18 00:01:04,280 --> 00:01:07,880 Speaker 1: First of all, Colin Kaepernick, he got a settlement. Now, 19 00:01:08,360 --> 00:01:10,440 Speaker 1: you know they don't discuss business at the dinner table. 20 00:01:10,760 --> 00:01:13,520 Speaker 1: But he got a settlement from the National Football Um 21 00:01:13,600 --> 00:01:16,520 Speaker 1: many zeros. That's the only question, and we're only left 22 00:01:16,520 --> 00:01:22,080 Speaker 1: to guess. Thirty forty million dollars what what? This proves 23 00:01:22,120 --> 00:01:26,800 Speaker 1: that the NFL, as it often does, settles these cases 24 00:01:27,240 --> 00:01:31,400 Speaker 1: because they do not want a discovery process. They do 25 00:01:31,440 --> 00:01:35,319 Speaker 1: not want people to see whatever is in those emails, 26 00:01:35,360 --> 00:01:39,840 Speaker 1: whatever is in those conversations. They would rather keep the 27 00:01:39,920 --> 00:01:43,480 Speaker 1: business in house, so Colin gets paid. Yeah, I think 28 00:01:43,480 --> 00:01:45,480 Speaker 1: a lot of people were probably surprised to see that 29 00:01:45,520 --> 00:01:48,680 Speaker 1: this settlement had happened. As Scott just mentioned, there are 30 00:01:48,680 --> 00:01:52,160 Speaker 1: a plethora of reasons why the NFL wanted this grievance 31 00:01:52,240 --> 00:01:56,000 Speaker 1: case brought by Colin Kaepernick and Carolina Panther safety Eric 32 00:01:56,000 --> 00:01:58,600 Speaker 1: Reid uh to to to be stopped before we got 33 00:01:58,680 --> 00:02:02,360 Speaker 1: to that point correspondence but beween owners correspondence between President 34 00:02:02,400 --> 00:02:07,240 Speaker 1: Donald Trump and owners. Uh. Possibly, there's a lot in there. 35 00:02:07,400 --> 00:02:09,840 Speaker 1: Um And I think as a journalist, I think a 36 00:02:09,840 --> 00:02:11,640 Speaker 1: lot of us were hoping that this thing kind of 37 00:02:11,680 --> 00:02:14,480 Speaker 1: went that distance, right, It would have been a rare glimpse, 38 00:02:14,840 --> 00:02:19,079 Speaker 1: possibly into into the inner workings of the NFL. However, 39 00:02:19,120 --> 00:02:21,560 Speaker 1: I mean, you can't you can't fault Colin for for 40 00:02:21,560 --> 00:02:23,840 Speaker 1: for settling on. You know, I hope a number that 41 00:02:23,840 --> 00:02:26,520 Speaker 1: he's tremendously happy with and sets him up. You know, well, 42 00:02:26,560 --> 00:02:28,240 Speaker 1: as lawyer said, he still wants to play. That's the 43 00:02:28,240 --> 00:02:30,560 Speaker 1: interest and even said the two teams you mentioned David 44 00:02:30,560 --> 00:02:35,440 Speaker 1: Tepper and the Panthers and the Patriots, Bob Kraft and 45 00:02:35,440 --> 00:02:38,440 Speaker 1: and who knows, I mean you mentioned the possible number 46 00:02:38,440 --> 00:02:40,720 Speaker 1: of millions of dollars. Who knows if this settlement includes 47 00:02:40,880 --> 00:02:43,920 Speaker 1: another fee if he doesn't, you know, sign a contract 48 00:02:43,960 --> 00:02:45,560 Speaker 1: within the next couple of years, that there's a lot 49 00:02:45,600 --> 00:02:49,760 Speaker 1: of different ways. Uh, this thing can can can slice out. Um, 50 00:02:50,000 --> 00:02:53,120 Speaker 1: do you think that this makes him more likely to 51 00:02:53,200 --> 00:02:56,040 Speaker 1: be signed? I have, I you and I have had 52 00:02:56,080 --> 00:02:58,240 Speaker 1: this discussion. I mean, it's probably going back a year 53 00:02:58,520 --> 00:03:00,400 Speaker 1: and I said, he'll never play in the NFL again 54 00:03:01,040 --> 00:03:07,520 Speaker 1: because what the brand is now, and I think it's damaged. 55 00:03:07,560 --> 00:03:12,160 Speaker 1: If he returns to football, he's more powerful now as 56 00:03:12,639 --> 00:03:16,639 Speaker 1: this as this figurehead. Then if he returns to play, 57 00:03:16,840 --> 00:03:18,440 Speaker 1: do you think he doesn't want to play. I don't 58 00:03:18,480 --> 00:03:20,480 Speaker 1: know if he doesn't want to play. I think I 59 00:03:20,760 --> 00:03:24,120 Speaker 1: think he wants to play, But there's probably sort of 60 00:03:24,160 --> 00:03:28,440 Speaker 1: the the the angel Devil of am. I as effective 61 00:03:28,600 --> 00:03:33,920 Speaker 1: as a social justice warrior if I do play. So 62 00:03:34,040 --> 00:03:37,400 Speaker 1: I don't know. Let's move on to some Major League 63 00:03:37,400 --> 00:03:45,400 Speaker 1: Baseball and Manny Machado ten years, three hundred million dollars 64 00:03:45,480 --> 00:03:50,880 Speaker 1: with Evan Winston, I did not plan, changing was not planning. 65 00:03:52,080 --> 00:03:57,520 Speaker 1: He wins. What you just said called out of the 66 00:03:57,560 --> 00:04:04,640 Speaker 1: corner of my eye, just like man. But I mean, 67 00:04:04,680 --> 00:04:09,440 Speaker 1: that's yeah, it just is. He gonna win in San Diego. 68 00:04:09,480 --> 00:04:12,119 Speaker 1: I'd be lying if I said I can name three 69 00:04:12,120 --> 00:04:15,480 Speaker 1: other San Diego Padres. So you know, the potteries have 70 00:04:15,520 --> 00:04:20,920 Speaker 1: been willing to spend, you know, have been Cosmer, James Shields. Yeah, 71 00:04:20,920 --> 00:04:22,960 Speaker 1: there's a there's a team that has been willing to 72 00:04:23,400 --> 00:04:25,839 Speaker 1: spend in the past. Uh. You mentioned the terms there, 73 00:04:25,839 --> 00:04:28,279 Speaker 1: Michael ten years, three million. It's one of the biggest. 74 00:04:28,760 --> 00:04:31,200 Speaker 1: I think it's the biggest free agent contract ever. It's 75 00:04:31,240 --> 00:04:34,200 Speaker 1: the biggest. Adjusted for inflation doesn't hit are adjusted for 76 00:04:34,240 --> 00:04:35,680 Speaker 1: inflation doesn't hit a rod And if you look at 77 00:04:35,720 --> 00:04:38,120 Speaker 1: total dollars, it doesn't hit John Carlos Stanton who signed 78 00:04:38,160 --> 00:04:39,719 Speaker 1: that contract before he was a free agent, and his 79 00:04:40,680 --> 00:04:43,200 Speaker 1: he's gonna take it away. He's twenty six going to 80 00:04:43,279 --> 00:04:47,400 Speaker 1: go into his most productive. Look, there's so much, so much, 81 00:04:47,720 --> 00:04:49,880 Speaker 1: so much discussion right now about kind of the changes 82 00:04:50,279 --> 00:04:52,960 Speaker 1: in Major League Baseball free agency. This is the type 83 00:04:52,960 --> 00:04:55,040 Speaker 1: of deal that you know is not happening as much 84 00:04:55,080 --> 00:04:57,799 Speaker 1: as it used to. But if you are a Bryce 85 00:04:57,839 --> 00:04:59,400 Speaker 1: Harper who is going to sign a deal in the 86 00:04:59,400 --> 00:05:01,440 Speaker 1: next couple of week, except will probably be bigger than this. 87 00:05:01,800 --> 00:05:05,320 Speaker 1: If you are a Manny Machado, uh, these monster deals 88 00:05:05,320 --> 00:05:07,760 Speaker 1: are still clearly still available for you. You know, I 89 00:05:07,760 --> 00:05:09,360 Speaker 1: gotta ask him it right quick before we move on 90 00:05:09,400 --> 00:05:13,080 Speaker 1: to the next topic, because fantasy baseball is here and 91 00:05:13,120 --> 00:05:16,400 Speaker 1: we're all waiting on Bryce Harper. What what are you 92 00:05:16,440 --> 00:05:19,560 Speaker 1: gonna sign? Is he the topic in a fantasy draft? Well, no, 93 00:05:20,080 --> 00:05:25,359 Speaker 1: Mike Trump, but but Bryce Harper is going to be 94 00:05:25,440 --> 00:05:27,880 Speaker 1: up there. So it's like, where do you take the 95 00:05:27,880 --> 00:05:31,760 Speaker 1: gamble because you don't know where he who cares? No, Well, 96 00:05:31,800 --> 00:05:33,440 Speaker 1: wait a minute, if you still gotta hit what he's 97 00:05:33,440 --> 00:05:35,120 Speaker 1: gonna hit? He's gonna hit. But if he if he 98 00:05:35,160 --> 00:05:38,760 Speaker 1: gets into the wrong ballpark, is there a wrong ballpark 99 00:05:38,800 --> 00:05:40,880 Speaker 1: for Bryce Harper? There's some bigger than others, but Bryce 100 00:05:40,880 --> 00:05:43,159 Speaker 1: Harper is gonna hit thirty plus home runs he's gonna hit. 101 00:05:43,200 --> 00:05:45,720 Speaker 1: I mean, well, let's put it this way. If I'm 102 00:05:45,760 --> 00:05:49,360 Speaker 1: just I don't think he's signing with the Rockies. So 103 00:05:49,640 --> 00:05:54,160 Speaker 1: heads out. But I'm gonna move along. Here. Tell me 104 00:05:54,200 --> 00:05:57,320 Speaker 1: where you draft him? Where do I draft him? If 105 00:05:58,400 --> 00:06:02,599 Speaker 1: I don't know? Round two? Second round? Oh my god, Harper, 106 00:06:02,640 --> 00:06:05,440 Speaker 1: are you listening? Michael Barr a nonbeliever? And no, I 107 00:06:05,480 --> 00:06:10,000 Speaker 1: mean because Aaron Judge or or Bryce Harper, Aaron Judge 108 00:06:10,080 --> 00:06:15,320 Speaker 1: Stanton or Harper Stanton. You know what, I'm giving away 109 00:06:15,360 --> 00:06:21,080 Speaker 1: too much information because I'm not gonna see anyway. I'm 110 00:06:21,080 --> 00:06:26,160 Speaker 1: gonna move on right along. AFU. Thank you from Carolina 111 00:06:26,240 --> 00:06:30,479 Speaker 1: Hurricanes owner Tom Dundin, who basically now owns the league. 112 00:06:30,640 --> 00:06:33,920 Speaker 1: He basically bought the league. He has agreed to put 113 00:06:34,040 --> 00:06:36,400 Speaker 1: up two million. That's quarter of a billion for those 114 00:06:36,440 --> 00:06:39,760 Speaker 1: can't do the math in capital. Over some years, there 115 00:06:39,839 --> 00:06:42,680 Speaker 1: was some talk that some teams didn't get payroll for 116 00:06:42,680 --> 00:06:45,359 Speaker 1: for last week. Good time to tease our guests. By 117 00:06:45,400 --> 00:06:48,120 Speaker 1: the way, this week we have Arizona hot Shots quarterback 118 00:06:48,320 --> 00:06:51,160 Speaker 1: Jack Hannigan will be our guest on a podcast. Uh 119 00:06:51,240 --> 00:06:54,040 Speaker 1: he He talks quite a bit about this first week 120 00:06:54,120 --> 00:06:56,520 Speaker 1: and and whether it's good or bad. And he's certainly 121 00:06:56,520 --> 00:06:59,560 Speaker 1: happy to have Dundin's cash. And Charlie Eversoul is involved 122 00:06:59,560 --> 00:07:01,480 Speaker 1: in the league. They understand the TV part of it 123 00:07:01,520 --> 00:07:03,919 Speaker 1: is needed. Uh there was a good rating for the 124 00:07:03,960 --> 00:07:06,719 Speaker 1: opening week. But can it sustain it? That's the big question. Yeah. 125 00:07:06,760 --> 00:07:10,240 Speaker 1: I mean, if the reports are true that heading into 126 00:07:10,320 --> 00:07:13,720 Speaker 1: week two, the a F was struggling to make payroll. Uh, 127 00:07:13,840 --> 00:07:18,720 Speaker 1: that is not a that's business that I had heard, 128 00:07:19,040 --> 00:07:20,920 Speaker 1: you know from someone that that there was a potential 129 00:07:20,960 --> 00:07:23,720 Speaker 1: glitch with the payroll system. Either way, you know, to 130 00:07:23,840 --> 00:07:27,920 Speaker 1: need a two million dollar investment um to come in 131 00:07:28,640 --> 00:07:32,640 Speaker 1: before week two of your startup league to me is 132 00:07:32,680 --> 00:07:36,480 Speaker 1: not a is not a shining endorsement of the business model. Uh, 133 00:07:36,560 --> 00:07:39,840 Speaker 1: certainly we'll see again. This is a year before the 134 00:07:39,880 --> 00:07:42,560 Speaker 1: a a F competes with the XFL Vince McMahon's new 135 00:07:42,640 --> 00:07:45,240 Speaker 1: new league. Um, there's a handful of other kind of 136 00:07:45,240 --> 00:07:48,840 Speaker 1: startup leagues that are trying to capitalize on on America's 137 00:07:48,960 --> 00:07:52,440 Speaker 1: absolute endless love of football. Um. But you know, Thomas 138 00:07:52,480 --> 00:07:54,200 Speaker 1: Dundon is a you know, he's a smart guy. He's 139 00:07:54,200 --> 00:07:56,960 Speaker 1: an entrepreneur, he's an early investor in top Golf. He's 140 00:07:56,960 --> 00:08:00,320 Speaker 1: got his own investment company. He clearly sees something. You 141 00:08:00,320 --> 00:08:02,600 Speaker 1: mentioned the revenue. I mean the ratings from week one, 142 00:08:02,640 --> 00:08:05,080 Speaker 1: they weren't terrible that there may be something. I'm putting 143 00:08:05,080 --> 00:08:06,680 Speaker 1: Eman in charge of getting done It on the show. 144 00:08:06,680 --> 00:08:09,440 Speaker 1: I know he's been trying. So I want to have 145 00:08:09,560 --> 00:08:14,240 Speaker 1: you seen the postgame celebrations. Their fantastic, Yeah, and like 146 00:08:14,440 --> 00:08:17,280 Speaker 1: some old fogies are killing them. And I'm not even 147 00:08:17,320 --> 00:08:20,559 Speaker 1: gonna say then in Canada they're now selling T shirts 148 00:08:20,840 --> 00:08:23,440 Speaker 1: selling T shirts. Yeah, I mean, at least they get 149 00:08:23,760 --> 00:08:26,080 Speaker 1: the entertainment the in arena. There's a reason to be 150 00:08:26,200 --> 00:08:28,960 Speaker 1: there that. Kudos to done It on all that. And 151 00:08:29,080 --> 00:08:31,320 Speaker 1: I mean I've been get him here. I really want 152 00:08:31,320 --> 00:08:34,520 Speaker 1: to talk to about what his view is on pro 153 00:08:34,600 --> 00:08:38,640 Speaker 1: sports as entertainment in arena and scalable media. I would 154 00:08:38,640 --> 00:08:40,559 Speaker 1: love to see it. Hey, you've been listening to the 155 00:08:40,559 --> 00:08:44,440 Speaker 1: Bloomberg Business of Sports podcast Michael Barr along with Scotti 156 00:08:44,559 --> 00:08:46,760 Speaker 1: and Evan no Wi Williams. We are here every Monday, 157 00:08:46,800 --> 00:08:49,320 Speaker 1: Wednesday and Thursday exploring the world of money in sports. 158 00:08:49,360 --> 00:08:50,800 Speaker 1: Join us again at the end of the week. As 159 00:08:50,840 --> 00:08:53,400 Speaker 1: Scott said, we're talking with Jack Hannigan quarterback in the 160 00:08:53,440 --> 00:08:58,360 Speaker 1: a a F former Dartmouth quarterback, equities analyst. He ticks 161 00:08:58,400 --> 00:09:01,520 Speaker 1: all the Bloomberg in his militarian so does that been 162 00:09:01,679 --> 00:09:05,240 Speaker 1: right after he did all? For luten words. You're listening 163 00:09:05,280 --> 00:09:08,240 Speaker 1: to Bloomberg Business of Sports on Bloomberg Radio around the 164 00:09:08,240 --> 00:09:10,839 Speaker 1: world and online where you get your podcast.