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Speaker 1: Hello, I'm Scott So, I'm been Nobi Williams, and I'm

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Speaker 1: Michael Barr. And this is the Bloomberg Business of Sports podcast,

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Speaker 1: where we explore the big money issues in the world

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Speaker 1: of sports. Today. We begin with a sprawling scandal. I

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Speaker 1: mean this is this is huge over college admissions. Uh.

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Speaker 1: Wealthy parents, celebrities all involved in this paying bribes, according

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Speaker 1: to what prosecutors say, from a hundred thousand dollars to

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Speaker 1: six point five million dollars to get their kids into

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Speaker 1: elite schools. This includes paying collegiate coaches to designate applicants

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Speaker 1: as athletic recruits. U S Attorney Andrew Lulling announced the

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Speaker 1: charges yesterday. We've charged fifty people nationwide with participating in

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Speaker 1: a conspiracy that involved first cheating on college entrance exams

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Speaker 1: meaning the S A T and the A C T,

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Speaker 1: and second securing admission to elite colleges by bribing coaches

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Speaker 1: at those schools to accept certain students under false pretenses.

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Speaker 1: I think the only thing here, and a lot of

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Speaker 1: people are saying it, is how much do we know

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Speaker 1: about this? Is this just scratching the surface? Well for

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Speaker 1: this show, and Evan and I were discussing it earlier,

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Speaker 1: It's about the system. One, that there are lower standards

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Speaker 1: for athletes to get into these schools. That's the only

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Speaker 1: reason why this worked, because if you're designated as a recruit,

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Speaker 1: your grades do not need to be as high as

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Speaker 1: any ordinary student. That's one. Two. While the Shashevskis and

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Speaker 1: the Sabans make crazy money, the swimming coach the soccer coach,

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Speaker 1: they do not, and you could see why they would

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Speaker 1: be susceptible to perhaps taking the money and helping somebody out. Yeah,

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Speaker 1: I think Scott has it right there. I mean the

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Speaker 1: perverse incentives here. The you know, the thirty person on

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Speaker 1: your collegiate swim team, uh is not going to make

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Speaker 1: or break your your rear as a coach. But but

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Speaker 1: if the parent is willing to pay you know, five

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Speaker 1: x your annual salary just just for a little nudge

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Speaker 1: to get him in. You can see how this is

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Speaker 1: something that gets exploited. Um. In my opinion, this should

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Speaker 1: be a bigger deal for college sports fans quote unquote

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Speaker 1: large then than the other kind of scandal that gets

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Speaker 1: so much more attention. Right when you hear college recruiting

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Speaker 1: scandal for sports, you know, your mind immediately goes to

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Speaker 1: you know, assistant coach with a bag of cash giving

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Speaker 1: it to one of the best players in the country. UM.

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Speaker 1: Those types of scandals where where money goes to typically

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Speaker 1: less well off families or kids, UH to me, should

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Speaker 1: not be as big a deal as the really wealthy

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Speaker 1: parents who are paying off coaches money flowing directly to

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Speaker 1: the institution, not the other way around, uh to UH

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Speaker 1: to get their kids. Not even athletes, not even the

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Speaker 1: best athletes in the world. The worst athletes in high

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Speaker 1: school are the ones involved here. You know that oftentimes

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Speaker 1: if you look at the end of the college basketball bench,

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Speaker 1: these kids don't play. Oftentimes they're there for another reason anyway,

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Speaker 1: either the parent gives money or they can help the

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Speaker 1: g p A of the team, which the n c

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Speaker 1: A mandates nowadays. Yeah, this is the you're right about that,

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Speaker 1: and this is this is the gray area that I

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Speaker 1: think college sports needs to kind of reckon with as

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Speaker 1: part of this right, because you're right, every single college

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Speaker 1: football team scholarships, the rosters a hundred and fifteen people.

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Speaker 1: Every college football team has players that don't deserve to

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Speaker 1: be there on their talent alone. And it's true of

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Speaker 1: college basketball too, especially in this era of one and done,

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Speaker 1: where you can have you can have seven stars, they

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Speaker 1: all leave, you can refill them with seven freshmen. Right,

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Speaker 1: there's a back end of that first fourteen man roster.

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Speaker 1: And yes, you're right, those people serve other purposes, whether

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Speaker 1: it's your graduation rate, whether it's your g p A average,

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Speaker 1: whether it's you know, family members that that donate a

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Speaker 1: lot of money. The real heartache here, let's let's all

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Speaker 1: admit at the real heartache here is that aunt Becky

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Speaker 1: from full House got collar. Well you know what I mean.

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Speaker 1: That's the real heartache that you know. No, it can't

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Speaker 1: be Laurie Loughlin. No, you know the thing about that

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Speaker 1: is and you you just brought up about trying to

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Speaker 1: get in through the back door from you know, athletic

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Speaker 1: standpoints whatever. Apparently, according to what prosecutors say, she set

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Speaker 1: it up to where they were trying to get on

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Speaker 1: the crew team and they got in, except they can't

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Speaker 1: row a damn boat at all. And I just a

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Speaker 1: lot it's a lot of times it's just made up profiles. Yeah,

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Speaker 1: just send me a picture of your kid with a

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Speaker 1: ball in his or her hand. I mean that that's

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Speaker 1: how bad it was. And to be clear, this is

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Speaker 1: this is a side door that gets used without bribery often, right.

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Speaker 1: I mean the fact that at your pick and Ivy

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Speaker 1: League school or any of these other elite institutions, the

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Speaker 1: fact that your your academic admission standards are lower for athletes.

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Speaker 1: There are athletes out there who say, I really want

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Speaker 1: to row at Princeton. I'm gonna do it. The coaches like, great,

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Speaker 1: this is a good rower, and the minute they get in,

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Speaker 1: they never show up. By the way, bar, no truth

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Speaker 1: to the rumor that the library of Princeton is called

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Speaker 1: the Novie Williams on the lightweight football team. No truth

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Speaker 1: to the you know. The other thing, and this is

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Speaker 1: probably the biggest thing that really burns me up, is

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Speaker 1: that all this and all the allegations, the people who

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Speaker 1: worked really hard trying to get to these schools, who

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Speaker 1: busted their fannies trying to do all this, do the

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Speaker 1: work all the academics. I saw Jamal Hill kind of

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Speaker 1: and I don't quote Jamal Hill often on the show,

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Speaker 1: but I did really like one of her takes yesterday.

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Speaker 1: So people of color minorities are told, well, you know,

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Speaker 1: he didn work hard and you know, pull up by bootstraps.

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Speaker 1: Oh yeah, we have the same opportunity even if we

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Speaker 1: do that. Is that is that what's being said here,

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Speaker 1: This is just the case of the wealthy being able

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Speaker 1: to do it. There's absolutely a socioeconomic and a race

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Speaker 1: component to this, without without question um. And there's also

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Speaker 1: there's also a part of this that is kind of

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Speaker 1: funny right there. There is if you look into the details.

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Speaker 1: There are the hollywood esque nature of the ways some

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Speaker 1: of these parents went about photo shopping their daughter's face

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Speaker 1: onto a different water polo player, or buying a hat

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Speaker 1: and balls and Amazon and staging a thing in the pool.

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Speaker 1: What one of the kids being all over Instagram saying,

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Speaker 1: you know, I really don't want to do any work,

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Speaker 1: but I would like to Uh okay, I was getting paid.

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Speaker 1: I'd like to Amazon. I'd like to experience the partying

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Speaker 1: at usc and the football games. Really that's a bad look.

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Speaker 1: But I'm not interested in school. That's a bad look.

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Speaker 1: And if we think about what I mean, there's a

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Speaker 1: whole non athletic part of the scandal that we're not

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Speaker 1: talking about about about grades and and and test scores

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Speaker 1: and all that. But but from an athletic standpoint, if

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Speaker 1: we think about what changes moving forward, I'm not sure.

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Speaker 1: I mean, this is a loophole you can't really close.

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Speaker 1: It's harder to oversee. As you said, Scott, you know,

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Speaker 1: these are teams that are not revenue generating sports. Your

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Speaker 1: average athletic director is not caring all that much about

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Speaker 1: what's happening with his sailing team. He has he has

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Speaker 1: more important things to be doing, or he or she

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Speaker 1: the you know, the the No one is vetting, at

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Speaker 1: least right now. Very few people are vetting the relationships

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Speaker 1: their coaches have. There's very little vetting of if a

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Speaker 1: coach says this person is a good water polo player

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Speaker 1: not because they played in high school, but because they

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Speaker 1: played in Serbia in their summers. That's a hard thing

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Speaker 1: to vet as it is, I don't know how much

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Speaker 1: change is moving forward. So bar I asked you, we

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Speaker 1: were joking earlier. What's harder to get a medical exemption

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Speaker 1: to use adderall or something, or more time, a medical

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Speaker 1: exemption to get more time on your standardized tests. You

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Speaker 1: know what, that's part of it too, because that was

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Speaker 1: part of the cheating. Get more time, and then the

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Speaker 1: procter can yeah, I mean, there's a lot of things

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Speaker 1: that need to be looked at. Let's move on to

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Speaker 1: the New York Knicks owner James Dolan follow up to

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Speaker 1: a story we talked about Monday. He went on ESPN

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Speaker 1: Radio and talked to Michael Kay about that incident over

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Speaker 1: the weekend when he was caught on video reacting to

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Speaker 1: a heckler. And here's what he had to say. You know,

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Speaker 1: I mean, look, not for nothing, but you know, I

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Speaker 1: shouldn't have taken the I did. I will say, you know,

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Speaker 1: we have just lost again, right that they you know,

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Speaker 1: and I'm you know, believe it. I get very frustrated

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Speaker 1: with it too. I got to revisit what I said

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Speaker 1: Monday to today. I gotta revisit it, reinforcing or changing.

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Speaker 1: Well here's here's part of it is, yeah, I'm changing this.

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Speaker 1: But I'll get to another Internet that happened over the

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Speaker 1: weekend about a fan heckling and NBA play I think

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Speaker 1: was Westbrook, but I'll get to that in a second.

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Speaker 1: You know, And he just said it. It's like we

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Speaker 1: just lost and you caught me out a bad time

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Speaker 1: is basically what it was. What it comes down to, understood,

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Speaker 1: Did he reverse. The decision is the fan is still band.

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Speaker 1: You know, he didn't rest totally. Um. But even besides that,

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Speaker 1: I mean the rest of the interview, it's about I'm

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Speaker 1: sure we're gonna get Marquis free agents. That's what I'm hearing.

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Speaker 1: Then he's he said something about Bill Simmons is plotting

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Speaker 1: with an NBA GM to sabotage the Knicks. It's just

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Speaker 1: this sort of weird stream of consciousness. And I'll tell you, like,

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Speaker 1: here's my experience what it always stuck with me. And

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Speaker 1: I don't know why. Years ago, at the NBA Technology

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Speaker 1: Summit that they hold at the All Star weekend. It

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Speaker 1: starts very early in the morning, so I'm probably there

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Speaker 1: at seven am or so waiting for everybody to arrive.

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Speaker 1: And I see Jimmy coming in and I sort of

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Speaker 1: take a couple of steps in his direction and I

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Speaker 1: say Jim, And all I wanted to say was good morning,

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Speaker 1: Like I've dealt enough with Jim to know that he's

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Speaker 1: not answering my questions. You know, it just wasn't the

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Speaker 1: right time anyway, I get it, But I chuck chuck

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Speaker 1: the step. I was like Jim, and he he literally

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Speaker 1: grunted at me with the hand in the air and

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Speaker 1: as if to say like not now, kind of thing

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Speaker 1: like uh. And he didn't even really acknowledge except for

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Speaker 1: the you know. And I stopped and I said, Jim,

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Speaker 1: I was just going to say good morning, like that

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Speaker 1: was is it? I was just going to say good morning,

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Speaker 1: And I think it resonated. He stopped, I'm sorry, I'm sorry,

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Speaker 1: good morning, and then he went about his business. So

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Speaker 1: I understand he's He's probably hurt it at so many

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Speaker 1: times that there is an element that I do understand

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Speaker 1: that there's a barrage, a wave of criticism at the

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Speaker 1: man that at any moment something like that could make

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Speaker 1: him snap a little bit. And I'm just sick of it.

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Speaker 1: So in fairness, i mean, even in the setting of

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Speaker 1: Tech Summit, I'm just saying hello. It's just like, is

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Speaker 1: there another owner in sports that would do this right?

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Speaker 1: And twenty major sports teams in the US, is there

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Speaker 1: another owner that would here sell the team as he's

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Speaker 1: walking down the tunnel after a loss, confront the fan

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Speaker 1: and kick him out of the building for life. There

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Speaker 1: can't be. I'd have to think longer about it. It's

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Speaker 1: I mean, I mean, Jim Dolan has you know that

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Speaker 1: there's incidents like this. Seems like every year this one

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Speaker 1: goes on the Mount Rushmore, but it's not one with

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Speaker 1: the ultimate beloved, the one with the security guard who

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Speaker 1: demanded idea and that that person was fired. Um. Yeah,

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Speaker 1: he just seems like the thinnest skinned owner and in

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Speaker 1: sports and it just amazes me. Right, and and to

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Speaker 1: come out and and be I didn't listen to the

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Speaker 1: whole interview, but to be contrite like that but also

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Speaker 1: not reverse the decision seems reach out and we heard

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Speaker 1: David down here a couple of weeks ago, right, Like

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Speaker 1: the passionate fans are the ones that you know want

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Speaker 1: to keep coming back, whether they're happy or unhappy, like

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Speaker 1: those are. That's the core of your of your family

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Speaker 1: and today's That's why I said the other day the

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Speaker 1: way to handle it is to go over and kill

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Speaker 1: him with kindness and say I am just as frustrated

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Speaker 1: as you. I get it. I'm sorry, dude, We're trying

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Speaker 1: to get better. You know that's invite Invite the guy

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Speaker 1: to your box, let me hear some of your idea.

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Speaker 1: What what would you do? Let me hear some of

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Speaker 1: your ideas? Yeah, I agree with you, and and that

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Speaker 1: kind of brings me to Russell Westbrook because there is

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Speaker 1: so much and I guess I was coming from the

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Speaker 1: standpoint is so you know, you don't have to take

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Speaker 1: a lot of guff from fans on that whatever. So

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Speaker 1: let's tell people if they don't know. Apparently, what Russell

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Speaker 1: Westbrook says is there was some racially charged language hurled

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Speaker 1: in his direction. But however Mr Barr his response, his

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Speaker 1: vulgar response, yelling at fans, these are the customers like

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Speaker 1: you're just you just can't What does he think he

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Speaker 1: possibly wins by not only threatening the fan but the

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Speaker 1: vulgar language. You know what you do? You call your

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Speaker 1: security man who sits right behind the bench at every game.

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Speaker 1: Your point to the person, you say, get him out, yes,

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Speaker 1: And that it brings back to what haf Remember that

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Speaker 1: Pistons game, in fact, could happened on my furt the

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Speaker 1: malice at the True Story bar. I'm watching true story

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Speaker 1: just because it's fun. I happened to watching the game,

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Speaker 1: so I'm boom, this happens. I picked up the phone

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Speaker 1: and I called Russ Grannick, then the Deputy Commissioner of

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Speaker 1: the NBA, and I'm like, are you watching Detroit And

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Speaker 1: he said no. I said, yeah, better put it on.

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Speaker 1: They're beating up the fans. He said, what I said,

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Speaker 1: They're in the stands punching the fans. I gotta go.

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Speaker 1: That was unreal and and that brought me back to

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Speaker 1: the Dolan thing. When what happened with Westbrook and you're

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Speaker 1: exactly right what you guys are saying. It's like, yeah, okay,

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Speaker 1: stopped with the guugh fans, but you can't come back

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Speaker 1: and do that. And it made me think about about Dolan.

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Speaker 1: It's like, hey, you can just gotta let it go,

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Speaker 1: especially because we're talking apples and oranges in terms of

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Speaker 1: what was said, right. I mean, I don't know exactly

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Speaker 1: what was said to Russell Westbrook, it sounds like it

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Speaker 1: was bad. Right. What Jim Dolan got was a was

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Speaker 1: a moderate if that uh for any sports fan stuff. Yeah.

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Speaker 1: By the finally first day of the NFL free agency,

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Speaker 1: two big moves to talk about with New York teams.

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Speaker 1: The Giants they traded Odell Beckham to the Browns and

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Speaker 1: the Jets they are signing Levian Bell. This is huge.

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Speaker 1: Let me let's let's start with Odell Beckham Jr. They

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Speaker 1: he's going to the Cleveland Browns. In return, the Giants

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Speaker 1: get a first round I think it's the seventeenth overall pick.

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Speaker 1: Then they get the third round pick, and then they

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Speaker 1: get Gil Peppers. The fact is bar and this is

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Speaker 1: the business of sports show and the business of the

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Speaker 1: NFL is all about salary cap management. You know, if

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Speaker 1: you can do more with less, you win. Odell Beckham

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Speaker 1: will count sixteen million dollars on the giant salary cap.

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Speaker 1: Dead money kills you in the NFL. The Giants of

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Speaker 1: thirty two million dead money this year, So he's just

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Speaker 1: half of the dead money that the Giants, which talked

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Speaker 1: about Antonio Brown counting more than twenty million on the

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Speaker 1: Steelers cap. So and Levy and Bell by the way,

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Speaker 1: and I sat out the season the most fifteen million dollars.

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Speaker 1: I mean, I hope he's happy, but you have a

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Speaker 1: finite career man, fifteen million dollars that he will never

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Speaker 1: see again. Yeah. Bell refused to play last years, as

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Speaker 1: most listeners know, had a fifteen million dollar tender that

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Speaker 1: he could have signed at any point, chose not to

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Speaker 1: set out the whole year. A lot of people are

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Speaker 1: kind of dragging him. The deal he signed with the

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Speaker 1: Jets four years, fifty two million. I think only thirty

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Speaker 1: five of that is guaranteed. UM, people who are much

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Speaker 1: smarter in this world than us, seemed to think that

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Speaker 1: that's roughly the deal he was going to get at

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Speaker 1: the end of this year anyway, whether he played or didn't. UM.

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Speaker 1: So you can take that to to read that he

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Speaker 1: has fifteen million dollars he's never gonna get, or you know,

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Speaker 1: playing on a on a one year deal with no

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Speaker 1: guarantee after that as a running back when you're you know,

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Speaker 1: in your late twenties doesn't sound all that enticing either.

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Speaker 1: UM does certainly seem as though if you look at

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Speaker 1: the two stars from Pittsburgh UM, both of whom certainly

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Speaker 1: seemed unhappy at times last year. Antonio Brown seems to

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Speaker 1: have come out very well from it. UM and maybe

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Speaker 1: a little more more question mark surrounding Levian Bell. This

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Speaker 1: is the Bloomberg Business of Sports podcast at Michael Barr.

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Speaker 1: By the way, we're gonna go out on this. Whatever

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Speaker 1: happened to chills kids down? You're traveling in the convertible whatever,

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Speaker 1: By the way, Scott Nick and Eva Delvie Williams are

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Speaker 1: with us. I want to I want to give a

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Speaker 1: little DJ here, let him have a little music and

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Speaker 1: say we are here each and every Monday, Wednesday and

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Speaker 1: Thursday exploring the world of money in sports. Join us

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Speaker 1: again at the end of the week when we speak

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Speaker 1: with Carolina Hurricanes owner Tom Dundin. A talented producer would

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Speaker 1: bring the music down now while you were finishing bar

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Speaker 1: a talented producer, We got Colin tipp This is gonna

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Speaker 1: go up, now is gonna say it. You're listening to

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Speaker 1: the Bloomberg Business of Sports on Bloomberg Radio around the world,

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Speaker 1: in online where you get your podcast. It's easy, where

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Speaker 1: you stop them. You're all along