1
00:00:02,360 --> 00:00:05,960
Speaker 1: Hello, I'm Scott, I'm Evan Nobi Williams, and I'm Michael Barr.

2
00:00:06,080 --> 00:00:09,040
Speaker 1: And this is the Bloomberg Business of Sports podcast where

3
00:00:09,080 --> 00:00:12,760
Speaker 1: we us just just the three of us, well four

4
00:00:14,160 --> 00:00:15,920
Speaker 1: if she chimes in, she's here. She was yawning when

5
00:00:15,920 --> 00:00:20,200
Speaker 1: I came in the studio. I mean just big time yawning.

6
00:00:21,560 --> 00:00:23,680
Speaker 1: At least it's not happening while the show was going on.

7
00:00:23,880 --> 00:00:26,600
Speaker 1: So I have that reaction to people. And we're going

8
00:00:26,640 --> 00:00:28,840
Speaker 1: to explore the big money issues in the world of sports.

9
00:00:28,880 --> 00:00:31,920
Speaker 1: Lots to talk about. Well, let's start with the G

10
00:00:32,159 --> 00:00:34,960
Speaker 1: League and uh, let me tell me about what's going

11
00:00:35,000 --> 00:00:38,279
Speaker 1: on here. Yeah, it's been it's been a pretty eventful

12
00:00:38,360 --> 00:00:41,199
Speaker 1: couple of weeks. We're talking to people about you think

13
00:00:41,240 --> 00:00:43,680
Speaker 1: about the n c A A and and the kind

14
00:00:43,680 --> 00:00:46,400
Speaker 1: of the monopoly they have on young talent. We're talking

15
00:00:46,400 --> 00:00:50,400
Speaker 1: basketball here. Um. In the past couple of days, Uh,

16
00:00:50,479 --> 00:00:53,279
Speaker 1: the G League has announced a new type of contract,

17
00:00:53,280 --> 00:00:55,880
Speaker 1: a bigger contract, a hundred twenty five thousand dollar deal,

18
00:00:56,320 --> 00:00:58,800
Speaker 1: um that is aimed at eighteen year olds coming out

19
00:00:58,840 --> 00:01:01,040
Speaker 1: of high school. Worth noting that five months of work.

20
00:01:01,120 --> 00:01:03,720
Speaker 1: That's five months of work. Um, it's these people that

21
00:01:03,760 --> 00:01:06,560
Speaker 1: are too young to be eligible for the NBA. You

22
00:01:06,640 --> 00:01:08,320
Speaker 1: need to be you know, more than a year removed

23
00:01:08,319 --> 00:01:11,240
Speaker 1: from your high school class. Uh. The goal here, obviously

24
00:01:11,400 --> 00:01:13,800
Speaker 1: is to is to potentially poach a couple of players

25
00:01:14,360 --> 00:01:17,560
Speaker 1: who might otherwise have gone to the n c a A. Obviously,

26
00:01:17,600 --> 00:01:20,280
Speaker 1: the NBA would love to have the G League formerly

27
00:01:20,360 --> 00:01:23,120
Speaker 1: the Development League um as as a feeder, kind of

28
00:01:23,160 --> 00:01:25,680
Speaker 1: feeder to the NBA to get the best players who

29
00:01:25,720 --> 00:01:27,320
Speaker 1: are who are who are too young to be in

30
00:01:27,360 --> 00:01:31,959
Speaker 1: the NBA going there. Um Darius Baisley, who about a

31
00:01:32,040 --> 00:01:36,520
Speaker 1: year ago Syracuse Guys supposed to be playing at Syracuse.

32
00:01:36,760 --> 00:01:39,440
Speaker 1: He announced, uh last year that he was going to

33
00:01:39,560 --> 00:01:41,720
Speaker 1: go instead of going to college, instead of going to Syracuse,

34
00:01:41,760 --> 00:01:43,400
Speaker 1: he was going to go to the to the G League.

35
00:01:43,640 --> 00:01:45,759
Speaker 1: It became a big deal, it was a big story. Uh.

36
00:01:45,880 --> 00:01:48,440
Speaker 1: Turns out he's no longer going to the G League.

37
00:01:48,680 --> 00:01:52,080
Speaker 1: He has found another option in addition to playing in Europe,

38
00:01:52,120 --> 00:01:54,480
Speaker 1: in addition to the G League, in addition to the

39
00:01:54,560 --> 00:01:56,920
Speaker 1: n c a A. Well, why take when you can

40
00:01:56,960 --> 00:02:00,600
Speaker 1: take the million? Exactly he is he now have met

41
00:02:00,600 --> 00:02:03,640
Speaker 1: that the greater than in Leslan carrots one million greater

42
00:02:03,800 --> 00:02:08,680
Speaker 1: than Yeah, so he's he's gonna work with under with

43
00:02:08,760 --> 00:02:12,040
Speaker 1: New Balance. He's on a long term deal, gets a

44
00:02:12,080 --> 00:02:15,520
Speaker 1: million dollars for this year to be a quote unquote intern.

45
00:02:16,080 --> 00:02:18,240
Speaker 1: I'm sure he will be working out a lot. Uh.

46
00:02:18,320 --> 00:02:20,840
Speaker 1: He will also have some kind of say and and

47
00:02:21,080 --> 00:02:24,840
Speaker 1: learning about the business and the shoe business and New Balance.

48
00:02:25,280 --> 00:02:27,120
Speaker 1: He's gonna be an intern. I mean literally, he's an

49
00:02:27,120 --> 00:02:30,520
Speaker 1: intern at New Balance. Yeah, we'll see how much. But

50
00:02:31,360 --> 00:02:34,400
Speaker 1: if that's no, I bet not. I mean, let's it's

51
00:02:34,400 --> 00:02:36,720
Speaker 1: worth noting he's with Rich Paul and Clutch Sports. That's

52
00:02:36,800 --> 00:02:41,760
Speaker 1: Lebron's folks, And he did that himself at Nike. So

53
00:02:41,840 --> 00:02:45,560
Speaker 1: he understands the value of learning about the business and

54
00:02:45,639 --> 00:02:49,120
Speaker 1: about the world more than just it's not like a

55
00:02:49,120 --> 00:02:51,040
Speaker 1: no show. They didn't have to do frame it that way.

56
00:02:51,080 --> 00:02:52,800
Speaker 1: New Balance could have paid him a million bucks just

57
00:02:52,919 --> 00:02:55,720
Speaker 1: to train. But I'll bet a significant part of this

58
00:02:56,000 --> 00:02:58,880
Speaker 1: is that he gets to go and learn and get

59
00:02:58,880 --> 00:03:01,119
Speaker 1: that real world experience. We'll see. And here's the thing

60
00:03:01,160 --> 00:03:06,160
Speaker 1: that here's come cranky old man bar the kids instead

61
00:03:06,160 --> 00:03:09,000
Speaker 1: of going to college, they're gonna go right straight from

62
00:03:09,080 --> 00:03:11,800
Speaker 1: high school. According of that, they have the talent, of

63
00:03:11,800 --> 00:03:14,760
Speaker 1: course to do it. And then go into the G League.

64
00:03:14,800 --> 00:03:16,200
Speaker 1: And yes, I know you put up a hundred twenty

65
00:03:16,240 --> 00:03:19,720
Speaker 1: five dollars, but you have to. My view is, hey,

66
00:03:19,880 --> 00:03:23,960
Speaker 1: and even at that level, there's going to be a

67
00:03:24,000 --> 00:03:26,200
Speaker 1: bunch of folks that still aren't going to make it.

68
00:03:26,440 --> 00:03:29,400
Speaker 1: And now you have no education, but you could go

69
00:03:29,440 --> 00:03:31,080
Speaker 1: get one. You can go get have the money to

70
00:03:31,080 --> 00:03:33,680
Speaker 1: go get one. Nobody's saying you can't go to college.

71
00:03:33,800 --> 00:03:36,720
Speaker 1: You just won't be able to play basketball at college.

72
00:03:36,720 --> 00:03:38,360
Speaker 1: But that rule could be changed if the n c

73
00:03:38,440 --> 00:03:40,920
Speaker 1: A really wants to do that. Nobody's saying you can't

74
00:03:40,960 --> 00:03:43,480
Speaker 1: go back to college. I was just playing devil's advocate.

75
00:03:43,640 --> 00:03:47,160
Speaker 1: And the league contract also to the NBA's credit um

76
00:03:47,600 --> 00:03:53,240
Speaker 1: that includes some education components and some form of scholarship

77
00:03:53,320 --> 00:03:56,640
Speaker 1: funding if you want to go back and complete your education,

78
00:03:56,760 --> 00:03:58,200
Speaker 1: or go back or to go to college in the

79
00:03:58,240 --> 00:04:00,240
Speaker 1: first place. Um, I think the point, I mean, the

80
00:04:00,720 --> 00:04:04,040
Speaker 1: options are good, right, and we now have four fairly

81
00:04:04,160 --> 00:04:06,920
Speaker 1: viable options. If you are a high school, very elite

82
00:04:06,960 --> 00:04:09,800
Speaker 1: high school basketball player and you have eyes on going

83
00:04:09,880 --> 00:04:11,840
Speaker 1: to the NBA, you can go to the n c

84
00:04:11,960 --> 00:04:14,040
Speaker 1: a A and play one year in college. And and

85
00:04:14,120 --> 00:04:15,800
Speaker 1: we know what that looks like for good and bad.

86
00:04:16,360 --> 00:04:18,440
Speaker 1: You can play in Europe and get a lot of money.

87
00:04:18,839 --> 00:04:20,520
Speaker 1: You can play in the G League for for less

88
00:04:20,560 --> 00:04:24,080
Speaker 1: money but not nothing um and you can if your

89
00:04:24,120 --> 00:04:27,000
Speaker 1: agent is good enough, or if you're savvy enough, you

90
00:04:27,080 --> 00:04:29,440
Speaker 1: can go the Darius Basley route, which is find a

91
00:04:29,520 --> 00:04:31,640
Speaker 1: company and if New Balance is willing to do this,

92
00:04:31,800 --> 00:04:34,480
Speaker 1: you can bet your money others will be as well.

93
00:04:34,839 --> 00:04:37,480
Speaker 1: You can find a company to pay you to get

94
00:04:37,560 --> 00:04:39,960
Speaker 1: some real world experience to be working out with a

95
00:04:40,040 --> 00:04:44,400
Speaker 1: trainer every day for sixty five days. Uh, that is

96
00:04:44,440 --> 00:04:46,720
Speaker 1: now another option on the tip and to file under

97
00:04:46,760 --> 00:04:49,920
Speaker 1: the no good deed goes on punished. Of course, now

98
00:04:50,080 --> 00:04:54,000
Speaker 1: some w NBA players are saying, oh, how nice that

99
00:04:54,240 --> 00:04:56,520
Speaker 1: the eighteen year old skipping college going to the G

100
00:04:56,720 --> 00:05:00,640
Speaker 1: League will make more than the best WN eight players.

101
00:05:01,120 --> 00:05:05,200
Speaker 1: So let's see that. Yeah, that's another sticking point that

102
00:05:05,760 --> 00:05:10,080
Speaker 1: but don't get just saying that's one of the issues

103
00:05:10,160 --> 00:05:12,520
Speaker 1: that now the NBA must consider. Yea, and where do

104
00:05:12,600 --> 00:05:15,400
Speaker 1: you how do you feel about that? How do I feel?

105
00:05:16,320 --> 00:05:19,320
Speaker 1: How legitimate? Is that great? That that if you're you know,

106
00:05:19,520 --> 00:05:22,200
Speaker 1: I can barely name it. Candice Parker, you know the

107
00:05:22,279 --> 00:05:25,840
Speaker 1: idea that a male eighteen year old who has not

108
00:05:25,920 --> 00:05:30,640
Speaker 1: play more than listen, this is an investment in the future.

109
00:05:30,720 --> 00:05:34,280
Speaker 1: The NBA is banking that these select kids, and you

110
00:05:34,400 --> 00:05:36,479
Speaker 1: have to be approved or selected. Why don't we don't

111
00:05:36,520 --> 00:05:39,200
Speaker 1: know what that looks like yet, how they determine, but

112
00:05:39,360 --> 00:05:41,880
Speaker 1: you they have to select you for this. They are

113
00:05:42,000 --> 00:05:45,159
Speaker 1: banking that you are going to be a pretty darn

114
00:05:45,279 --> 00:05:48,119
Speaker 1: good NBA player and if you're looking for a return

115
00:05:48,200 --> 00:05:51,080
Speaker 1: on investment, and the revenue derived from that kind of

116
00:05:51,160 --> 00:05:55,120
Speaker 1: star player in the NBA obviously higher for the NBA.

117
00:05:56,080 --> 00:05:58,560
Speaker 1: And let's not forget the reason why there is this

118
00:05:59,000 --> 00:06:02,640
Speaker 1: one year buffer between high school and the NBA, which

119
00:06:02,680 --> 00:06:05,720
Speaker 1: didn't exist back when when Lebron came out, is because

120
00:06:05,800 --> 00:06:09,000
Speaker 1: an NBA owners want another chance, another year to evaluate

121
00:06:09,400 --> 00:06:12,280
Speaker 1: players before they invest their multiple reasons that you get

122
00:06:12,320 --> 00:06:15,280
Speaker 1: another year to look at against quality competition, you push

123
00:06:15,360 --> 00:06:18,560
Speaker 1: back that second contract so the one after that, your

124
00:06:18,680 --> 00:06:21,280
Speaker 1: year older isn't such a monster. I mean, obviously, guy

125
00:06:21,360 --> 00:06:23,320
Speaker 1: like Lebron's gonna have all the all the leverage, but

126
00:06:23,440 --> 00:06:27,080
Speaker 1: you're delaying these big contracts guys are a little bit older. Yes,

127
00:06:27,160 --> 00:06:29,920
Speaker 1: there are multiple reasons why they do it. Those are

128
00:06:29,920 --> 00:06:31,800
Speaker 1: the two big ones, and getting players into the G

129
00:06:31,960 --> 00:06:35,360
Speaker 1: League certainly helps, you know, with the evaluation piece of

130
00:06:35,440 --> 00:06:38,400
Speaker 1: that concern um. And we're seeing, you know, the n

131
00:06:38,480 --> 00:06:40,520
Speaker 1: c A is now pushing back on that rule. I

132
00:06:40,560 --> 00:06:42,120
Speaker 1: think I think a lot of fans out there think

133
00:06:42,200 --> 00:06:44,440
Speaker 1: that this is an n c A A rule, an

134
00:06:44,480 --> 00:06:47,160
Speaker 1: attempt to get the best players have to play in college.

135
00:06:47,720 --> 00:06:50,000
Speaker 1: It's not that way. The n c A in in

136
00:06:50,160 --> 00:06:53,839
Speaker 1: my opinion, a bit too heavy handedly, but has blamed

137
00:06:53,880 --> 00:06:56,800
Speaker 1: that rule for a lot of the bribery things that

138
00:06:56,880 --> 00:06:59,160
Speaker 1: we've seen pop up in college. We've said it all

139
00:06:59,200 --> 00:07:00,560
Speaker 1: the time at the n c you don't need the

140
00:07:00,680 --> 00:07:02,400
Speaker 1: n v p A. You don't need the NBA. Change

141
00:07:02,440 --> 00:07:05,360
Speaker 1: the rule freshman or ineligible. There you go one and done.

142
00:07:05,480 --> 00:07:07,120
Speaker 1: One and done ends. As soon as you change the

143
00:07:07,160 --> 00:07:10,160
Speaker 1: rule the way it used to be, freshman cannot play basketball.

144
00:07:10,240 --> 00:07:13,000
Speaker 1: It was simple, It was very simple. Done. They can

145
00:07:13,040 --> 00:07:15,640
Speaker 1: do that unilaterally. They do not need the NBA and

146
00:07:15,680 --> 00:07:18,760
Speaker 1: the NBPA to agree to anything. Freshman can't play. Yeah,

147
00:07:18,800 --> 00:07:21,240
Speaker 1: but if if they do that, then everybody goes to

148
00:07:21,360 --> 00:07:23,520
Speaker 1: Europe and plays in the G League. Oh so you're

149
00:07:23,560 --> 00:07:27,120
Speaker 1: telling me it's not really about you know, the education.

150
00:07:27,560 --> 00:07:30,240
Speaker 1: I get it, Okay, But you don't. Yeah, And when

151
00:07:30,440 --> 00:07:32,960
Speaker 1: KNDA Lisa Rice that the commission that looked into college

152
00:07:32,960 --> 00:07:36,960
Speaker 1: basketball last year, when they came out with their you know, recommendations,

153
00:07:37,360 --> 00:07:39,360
Speaker 1: they kind of blindsided the NBA and the m p

154
00:07:39,480 --> 00:07:42,240
Speaker 1: p A in terms of not only calling for that

155
00:07:42,360 --> 00:07:44,600
Speaker 1: to be changed, but saying that it would be changed.

156
00:07:44,960 --> 00:07:47,160
Speaker 1: There are now negotiations going on between the league and

157
00:07:47,200 --> 00:07:50,320
Speaker 1: the players. From what we understand, they may be stalled

158
00:07:50,320 --> 00:07:53,080
Speaker 1: a little bit. Uh this week or last week. How

159
00:07:53,200 --> 00:07:55,080
Speaker 1: likely do you think it is that that rule changes

160
00:07:55,160 --> 00:07:57,880
Speaker 1: from the NBA and union side, Yeah, they'll probably come

161
00:07:57,960 --> 00:08:00,240
Speaker 1: up with something. Here's the important thing to remember, member

162
00:08:01,360 --> 00:08:05,000
Speaker 1: that the people who vote from the nbp A perspective,

163
00:08:05,520 --> 00:08:08,320
Speaker 1: these are folks who have signed NBA contract you need

164
00:08:08,400 --> 00:08:10,360
Speaker 1: to sign an NBA contract, would be a member of

165
00:08:10,360 --> 00:08:14,520
Speaker 1: the n b p A. These future stars high school,

166
00:08:15,080 --> 00:08:18,520
Speaker 1: they are not members of the union yet. So if

167
00:08:18,560 --> 00:08:20,880
Speaker 1: I'm gonna if I'm an eleven year guy or ten

168
00:08:20,960 --> 00:08:22,640
Speaker 1: year guy and I'm looking to hang like this guy

169
00:08:22,720 --> 00:08:26,240
Speaker 1: pushes my job out the door, sure, I'm very happy

170
00:08:26,360 --> 00:08:29,480
Speaker 1: to vote and to prove a new rule that delays

171
00:08:29,600 --> 00:08:32,959
Speaker 1: that kid coming in. That's I mean the rank and file,

172
00:08:33,040 --> 00:08:35,640
Speaker 1: as we call like the body, the middle body of

173
00:08:35,679 --> 00:08:39,080
Speaker 1: the unions, the rank and file. They care themselves, They're

174
00:08:39,120 --> 00:08:41,679
Speaker 1: not looking to take care of many of them people,

175
00:08:41,840 --> 00:08:44,319
Speaker 1: kids who are not yet members of their unions. I

176
00:08:44,360 --> 00:08:46,120
Speaker 1: think we saw that in the NFL when the rookie

177
00:08:46,160 --> 00:08:49,920
Speaker 1: wage scale change so drastically hit the folks who were

178
00:08:49,960 --> 00:08:52,079
Speaker 1: not yet members of the because who was there to

179
00:08:52,200 --> 00:08:58,040
Speaker 1: speak up on their behalf? Nobody exactly? MSG News, what's

180
00:08:58,120 --> 00:09:03,840
Speaker 1: up weird one? All right? So Jimmy Dolan came will

181
00:09:03,880 --> 00:09:05,439
Speaker 1: make it quick. Jimmy Dolan came out with a song

182
00:09:05,520 --> 00:09:08,319
Speaker 1: saying he should have known about the things that Harvey

183
00:09:08,400 --> 00:09:11,840
Speaker 1: Weinstein was alleged have been doing for their close friends.

184
00:09:12,600 --> 00:09:17,079
Speaker 1: Maggie Gray on w f A N said because of

185
00:09:17,160 --> 00:09:21,199
Speaker 1: the Nuka Brown Saunders lawsuit years ago and the sex harassment,

186
00:09:22,640 --> 00:09:26,160
Speaker 1: pretty much labeled Dolan a hypocrite and some other personal attacks,

187
00:09:26,240 --> 00:09:28,160
Speaker 1: called him some pretty nasty things. If you want to

188
00:09:28,160 --> 00:09:30,160
Speaker 1: google it, you can go google and see what she said.

189
00:09:30,520 --> 00:09:34,559
Speaker 1: Jimmy was not happy. He has now told everyone in

190
00:09:34,960 --> 00:09:38,160
Speaker 1: MSG employee, that's NIXT, that's rangers, that's coaches, that's broadcasters,

191
00:09:38,480 --> 00:09:40,679
Speaker 1: they are not to appear, not only on w f

192
00:09:40,760 --> 00:09:44,840
Speaker 1: A N shows anything to do with entercom any any program,

193
00:09:44,960 --> 00:09:49,160
Speaker 1: they are forbidden from appearing. Mike frances Is like, why

194
00:09:49,800 --> 00:09:51,280
Speaker 1: you know? So he doesn't know whether he's gonna stick

195
00:09:51,320 --> 00:09:52,760
Speaker 1: with the app or if he's gonna stick with F

196
00:09:52,880 --> 00:09:56,480
Speaker 1: A N. I mean there are ripple effects, but easily

197
00:09:56,600 --> 00:09:59,839
Speaker 1: some with Jimmy ain't happy. Well, not the first time

198
00:09:59,880 --> 00:10:02,960
Speaker 1: they Jimmy has been the first time that has happened.

199
00:10:03,360 --> 00:10:06,840
Speaker 1: But I mean, look, is is this a matter more

200
00:10:07,160 --> 00:10:10,520
Speaker 1: of you know, hey, you you ticked me off and

201
00:10:11,200 --> 00:10:14,720
Speaker 1: I'm going to show you why you don't say these

202
00:10:14,800 --> 00:10:20,040
Speaker 1: things about me? Or he's flexing his muscles. He's flexing right, Um,

203
00:10:20,679 --> 00:10:22,839
Speaker 1: you could argue till the cows come home. Did she

204
00:10:22,960 --> 00:10:24,559
Speaker 1: cross the line? Should she have said? Is there a

205
00:10:24,600 --> 00:10:27,720
Speaker 1: double standard that if you know, men have criticized Dolan

206
00:10:27,840 --> 00:10:32,439
Speaker 1: and she's getting a lot of blowback. Hey, it's his right,

207
00:10:32,760 --> 00:10:35,840
Speaker 1: it's his company. He can tell his employees whatever he wants.

208
00:10:36,160 --> 00:10:40,120
Speaker 1: If he is adversely affected in any rate for any reason,

209
00:10:40,800 --> 00:10:43,199
Speaker 1: maybe it'll change. And you do see you see the

210
00:10:43,240 --> 00:10:47,600
Speaker 1: restricted access piece come up occasionally in in I'm sure

211
00:10:47,640 --> 00:10:50,120
Speaker 1: in all media, but also in sports media. I'm thinking

212
00:10:50,160 --> 00:10:53,079
Speaker 1: about back in two thousand nine or so, when when

213
00:10:53,160 --> 00:10:55,800
Speaker 1: The New York Post posted those photos of Aaron Andrews,

214
00:10:56,360 --> 00:10:59,120
Speaker 1: and ESPN said that all New York Post reporters were

215
00:10:59,200 --> 00:11:02,880
Speaker 1: banned from their oos because they felt like the coverage

216
00:11:02,920 --> 00:11:06,679
Speaker 1: and and and the usage of those photos was unfair. Um,

217
00:11:07,000 --> 00:11:09,560
Speaker 1: it does pop up occasionally, and and I would imagine

218
00:11:09,559 --> 00:11:11,120
Speaker 1: that this is not a lifetime thing. I think you

219
00:11:11,200 --> 00:11:14,160
Speaker 1: will see Rangers and Knicks players joining Mike for Incessa

220
00:11:14,200 --> 00:11:16,840
Speaker 1: at some point, maybe even in the near near future. Um,

221
00:11:17,080 --> 00:11:18,960
Speaker 1: but you're right, I think this is just Jimmy Dolan

222
00:11:19,320 --> 00:11:21,280
Speaker 1: kind of trying to remind people that that he has

223
00:11:21,320 --> 00:11:23,280
Speaker 1: powers jim Jimmy has said, and I think that the

224
00:11:23,400 --> 00:11:27,280
Speaker 1: process is going to be moving forward that an personalities,

225
00:11:27,320 --> 00:11:31,319
Speaker 1: whatever they will have, whatever access is required by league rules,

226
00:11:32,000 --> 00:11:36,439
Speaker 1: just not anything added and over and over that whatever

227
00:11:36,559 --> 00:11:38,640
Speaker 1: is real, you get the bare minimum. You don't get anything,

228
00:11:38,760 --> 00:11:41,840
Speaker 1: no other favors from the folks as And it should

229
00:11:41,840 --> 00:11:45,480
Speaker 1: be noted that that that ms Gray apologized for the

230
00:11:46,520 --> 00:11:48,880
Speaker 1: personal nature of what she said, but did not apologize

231
00:11:48,920 --> 00:11:51,439
Speaker 1: for the overarching point, which was that there was some

232
00:11:51,520 --> 00:11:55,360
Speaker 1: tone deafness to his you know, his his contrition about

233
00:11:55,400 --> 00:11:59,800
Speaker 1: Harvey Weinstein. But not about his own. Come, let's move

234
00:12:00,080 --> 00:12:03,000
Speaker 1: now to RSNS regionals. I hope we're talking about regional

235
00:12:03,080 --> 00:12:13,720
Speaker 1: sports networks. It's boxing inspired O T T service called Rosonna.

236
00:12:17,080 --> 00:12:23,559
Speaker 1: Thumbs up. From that, we're are in the world series

237
00:12:23,600 --> 00:12:27,199
Speaker 1: are right here? Man? More more on what's up? Man? Well,

238
00:12:27,280 --> 00:12:31,040
Speaker 1: I think everybody knows that Disney is selling those Fox assets,

239
00:12:31,120 --> 00:12:33,040
Speaker 1: and the book has gone out. What's known in the

240
00:12:33,080 --> 00:12:35,040
Speaker 1: industry has the book where you get a peek. But

241
00:12:35,120 --> 00:12:38,280
Speaker 1: from what I'm told from bankers, there are certain agreements

242
00:12:38,320 --> 00:12:41,200
Speaker 1: out there, like affiliate agreements, affiliate agreements where they can't

243
00:12:41,240 --> 00:12:43,880
Speaker 1: divote details, so a little bit of a blind process.

244
00:12:43,960 --> 00:12:46,640
Speaker 1: But private equity is looking at it. Sinclair Media is

245
00:12:46,679 --> 00:12:48,520
Speaker 1: looking at it. Scott and I are looking at it.

246
00:12:48,679 --> 00:12:54,280
Speaker 1: We're looking at it. Twenty billion dollar transaction. Part all

247
00:12:54,320 --> 00:12:56,240
Speaker 1: the folks I talked to the bankers looking at this

248
00:12:56,960 --> 00:13:00,319
Speaker 1: and who are hoping to represent people reading t leaves.

249
00:13:01,320 --> 00:13:05,200
Speaker 1: There are just too many barriers, they feel for somebody

250
00:13:05,280 --> 00:13:07,520
Speaker 1: to come in and make this purchase. People are gonna

251
00:13:07,559 --> 00:13:09,439
Speaker 1: team up it if it's a Sinclair, maybe with a

252
00:13:09,440 --> 00:13:13,360
Speaker 1: private equity firm or um. They're saying the guests work now,

253
00:13:14,200 --> 00:13:17,240
Speaker 1: is that at the end of the process. This will

254
00:13:17,400 --> 00:13:19,199
Speaker 1: these are s n s will just wind up going

255
00:13:19,280 --> 00:13:22,400
Speaker 1: back to Fox. Fox will purchase them back. Yeah, it

256
00:13:22,559 --> 00:13:25,240
Speaker 1: was we have to break them up. Now you don't

257
00:13:25,280 --> 00:13:27,000
Speaker 1: have to. They can sell piecemeal, they can sell as

258
00:13:27,000 --> 00:13:31,000
Speaker 1: a chunk. Yes, Yes, network will come. Yes is the

259
00:13:31,440 --> 00:13:33,400
Speaker 1: you know, that's the crown jewel of r s n s,

260
00:13:33,440 --> 00:13:36,880
Speaker 1: of the resonns. Um, that will probably go back to

261
00:13:36,920 --> 00:13:40,400
Speaker 1: the Yankees, perhaps in partnership with a private equity firm

262
00:13:40,600 --> 00:13:44,680
Speaker 1: or media company, but the Yankees are likely to take

263
00:13:45,200 --> 00:13:48,040
Speaker 1: Yes back. So it will be the others. And these

264
00:13:48,080 --> 00:13:52,240
Speaker 1: are valuable properties and that many are cash flow positive. Um,

265
00:13:52,559 --> 00:13:56,679
Speaker 1: they spin off good revenue and you are getting your

266
00:13:56,880 --> 00:14:01,440
Speaker 1: loyal core viewers in those markets. So we may see

267
00:14:01,520 --> 00:14:04,840
Speaker 1: I mean we we we will see traditional TV folks

268
00:14:04,920 --> 00:14:07,760
Speaker 1: interested st. Clair, A, T and T will be interested.

269
00:14:08,080 --> 00:14:11,000
Speaker 1: You mentioned private equity and they could team up. Where

270
00:14:11,080 --> 00:14:13,559
Speaker 1: do kind of the new digital players fit into this?

271
00:14:14,080 --> 00:14:17,000
Speaker 1: Is Amazon and Facebook? Is this is this a property

272
00:14:17,080 --> 00:14:20,080
Speaker 1: that groups like that might be interesting? I think everyone's

273
00:14:20,080 --> 00:14:22,080
Speaker 1: gonna kick tires on this one. Yeah. I figure while

274
00:14:22,080 --> 00:14:24,720
Speaker 1: they're figuring out how they can show sports and get

275
00:14:24,800 --> 00:14:27,600
Speaker 1: people comfortable watching on their's could they wind up after

276
00:14:27,680 --> 00:14:30,560
Speaker 1: somebody makes a purchase. The more likely scenario, my guests,

277
00:14:30,600 --> 00:14:32,920
Speaker 1: would be somebody makes the purchase and they look to

278
00:14:33,000 --> 00:14:35,800
Speaker 1: sub license some content, you know, get some exclusivity of

279
00:14:35,840 --> 00:14:38,600
Speaker 1: a one game here, Wednesday game whatever, much like Facebook

280
00:14:38,640 --> 00:14:41,400
Speaker 1: did with Major League Baseball on those Wednesday afternoon games.

281
00:14:41,920 --> 00:14:43,840
Speaker 1: That to me, I think is more likely at this

282
00:14:44,000 --> 00:14:48,320
Speaker 1: point in their stage of development. Um, but I mean

283
00:14:48,840 --> 00:14:51,480
Speaker 1: billion dollar deal, twenty plus billion bucks, So yeah, that

284
00:14:51,560 --> 00:14:54,480
Speaker 1: money is important just for listeners who understand the scale here.

285
00:14:54,560 --> 00:14:57,760
Speaker 1: That's yeah, that's eleven sales of the of the Carolina Panthers. Right,

286
00:14:58,440 --> 00:15:01,480
Speaker 1: this is the biggest sports m and a deal that's

287
00:15:01,480 --> 00:15:03,480
Speaker 1: going to happen this year most likely. Yeah. I mean

288
00:15:03,520 --> 00:15:05,560
Speaker 1: everybody made a big deal out of UFC at four billion.

289
00:15:05,920 --> 00:15:07,320
Speaker 1: There you go. I can do it if I can

290
00:15:07,360 --> 00:15:13,800
Speaker 1: do it quickly. Nice five UFC. That's fifteen what mega

291
00:15:14,400 --> 00:15:20,000
Speaker 1: lottery billions? And yes, some person in South Carolina got

292
00:15:20,080 --> 00:15:26,480
Speaker 1: to kick the tires on my god, are we talking

293
00:15:26,520 --> 00:15:30,840
Speaker 1: about the one point six billion in South Yes, because

294
00:15:30,840 --> 00:15:33,440
Speaker 1: I heard about that and I'm so disappointed because I

295
00:15:33,560 --> 00:15:35,920
Speaker 1: really thought I was Twitter. You were very active about

296
00:15:36,920 --> 00:15:39,320
Speaker 1: your victory. Because I have to put it out there

297
00:15:39,840 --> 00:15:43,440
Speaker 1: in order to Yeah, so I could receive it. You know,

298
00:15:43,720 --> 00:15:46,000
Speaker 1: I believe as of time of recording, no one has

299
00:15:46,040 --> 00:15:49,720
Speaker 1: claimed it yet. They're consulting with their attorneys and money manage.

300
00:15:49,840 --> 00:15:52,880
Speaker 1: They could claim it anonymously in South Carolina. It also

301
00:15:52,920 --> 00:15:58,440
Speaker 1: could have been thrown out accidentally. Oh no, you didn't

302
00:15:58,440 --> 00:16:00,800
Speaker 1: tell your significant other? Kid where that envelope I had

303
00:16:00,840 --> 00:16:03,280
Speaker 1: tacked up on the refrigerator. Oh, I took it. I

304
00:16:03,440 --> 00:16:06,920
Speaker 1: thought that was garbage. Oh my god, we got a

305
00:16:07,000 --> 00:16:12,400
Speaker 1: bonus topic, did her? Why don't we start with Medina

306
00:16:12,440 --> 00:16:14,920
Speaker 1: on this one, because I know she's Oh, I love

307
00:16:15,000 --> 00:16:18,600
Speaker 1: my feelings, my Felis and my classic rebox. Yeah, I'm

308
00:16:18,600 --> 00:16:20,880
Speaker 1: a feeler fan. You're a Fela fan. Like back in

309
00:16:20,960 --> 00:16:22,480
Speaker 1: the day in the tennis with the headbands and the

310
00:16:22,480 --> 00:16:26,120
Speaker 1: Fela sweatshirt. I did not have like the track suits

311
00:16:26,120 --> 00:16:28,240
Speaker 1: like Bakers, You know I didn't. I just always rocked

312
00:16:28,240 --> 00:16:31,760
Speaker 1: to the kicks like the sneakers. Well, I mean they're

313
00:16:31,800 --> 00:16:33,880
Speaker 1: counting on Grand Hill and you Grant, you know, I

314
00:16:33,960 --> 00:16:38,760
Speaker 1: love you. I love Grant, you know, signing a lifetime

315
00:16:38,840 --> 00:16:40,800
Speaker 1: deal with Fela. He used to represent FeelA when he

316
00:16:40,840 --> 00:16:43,520
Speaker 1: was active player, and those the retro sort of were

317
00:16:43,600 --> 00:16:45,360
Speaker 1: kind of those were hot for them. They were a

318
00:16:45,440 --> 00:16:49,960
Speaker 1: big portion of their sales. So can he can Grant announcer,

319
00:16:50,120 --> 00:16:54,360
Speaker 1: former Hall of Famer, former player, does he still move

320
00:16:54,440 --> 00:16:56,800
Speaker 1: that needle in the in the shoegame man? Companies are

321
00:16:56,840 --> 00:16:59,640
Speaker 1: given out lifetime deals like OPRAH gives out cars, right,

322
00:16:59,640 --> 00:17:03,520
Speaker 1: I mean, if like everybody, Clyde Fraser now coming back

323
00:17:03,600 --> 00:17:07,240
Speaker 1: with that, think that makes I never understood why Puma

324
00:17:07,320 --> 00:17:09,639
Speaker 1: didn't lock up Clyde from the beginning. I mean, there

325
00:17:09,800 --> 00:17:13,520
Speaker 1: is no cooler. Uh, let me put it to this wife.

326
00:17:13,840 --> 00:17:16,520
Speaker 1: What what? And this is my wife. Kim says this

327
00:17:16,640 --> 00:17:21,520
Speaker 1: all the time about athletes. So many athletes I think

328
00:17:21,600 --> 00:17:25,399
Speaker 1: they have style, but they don't. Few have styled. What

329
00:17:25,560 --> 00:17:31,240
Speaker 1: they have is stylists. Clyde had style. Nobody nobody picked

330
00:17:31,280 --> 00:17:33,840
Speaker 1: the fur coat, the hat with the feather, Nobody picked

331
00:17:33,880 --> 00:17:36,639
Speaker 1: that stuff out for cly Clyde has styled. But in

332
00:17:36,720 --> 00:17:39,520
Speaker 1: the same way that Clyde was instrumental for Puma back

333
00:17:39,600 --> 00:17:43,000
Speaker 1: when he was playing, Grant was instrumental for Feeling. I

334
00:17:43,000 --> 00:17:45,639
Speaker 1: didn't realize this until today. Grant once had the biggest

335
00:17:45,640 --> 00:17:48,000
Speaker 1: shoe deal in the NBA, and he was with Fila. Well,

336
00:17:48,080 --> 00:17:50,080
Speaker 1: Grant was supposed to be prior to the engine. I

337
00:17:50,119 --> 00:17:53,720
Speaker 1: mean Grant was you know, sure? So he is? He

338
00:17:53,960 --> 00:17:56,600
Speaker 1: is tied to Fila already. There are people out there

339
00:17:56,640 --> 00:18:01,320
Speaker 1: who obviously, as we heard from Mattow Tool, president of Reebok,

340
00:18:01,440 --> 00:18:04,120
Speaker 1: a couple of weeks ago on the podcast Retro shoes

341
00:18:04,160 --> 00:18:06,120
Speaker 1: are back right. This is a thing that almost all

342
00:18:06,200 --> 00:18:08,720
Speaker 1: the shoe companies are trying to get back to. And

343
00:18:08,840 --> 00:18:11,879
Speaker 1: if Fela is and Feeling is not making performance basketball shoes,

344
00:18:11,920 --> 00:18:14,040
Speaker 1: this is just a casual sneaker play. Should should we

345
00:18:14,080 --> 00:18:15,879
Speaker 1: challenge Medina to insert that clip during the show and

346
00:18:15,920 --> 00:18:19,080
Speaker 1: give her extra work? Oh? Not bad. Here's Mattow Tool

347
00:18:19,640 --> 00:18:23,000
Speaker 1: discussing Retro a couple of weeks ago. She's looking to

348
00:18:23,080 --> 00:18:25,879
Speaker 1: the heavens, like, over God, can we talk about how

349
00:18:26,000 --> 00:18:31,440
Speaker 1: much I dislike you? I mean, if it's if it's

350
00:18:31,440 --> 00:18:33,520
Speaker 1: in the show, great, If it's not, Medina just didn't

351
00:18:33,560 --> 00:18:35,320
Speaker 1: want to do it. Can I just ask a really

352
00:18:35,359 --> 00:18:39,680
Speaker 1: quick question, though? What is Grant Hill doing publicly? He's

353
00:18:39,680 --> 00:18:41,639
Speaker 1: an announcer, He's on TV, which I know about. What

354
00:18:41,680 --> 00:18:43,760
Speaker 1: I'm saying is so does he have other like where

355
00:18:43,800 --> 00:18:46,359
Speaker 1: can we see him be advertised? With Phila, like, who's

356
00:18:46,400 --> 00:18:48,200
Speaker 1: his base where they'll be seeing this? Do you know

357
00:18:48,240 --> 00:18:50,160
Speaker 1: what I mean? I think, but I think those stinker

358
00:18:50,240 --> 00:18:53,040
Speaker 1: loyalists once if they just release it sort of in

359
00:18:53,160 --> 00:18:55,200
Speaker 1: the ether, they know and they go to they want

360
00:18:55,240 --> 00:18:57,639
Speaker 1: the new version. But see, that's gonna be for guys,

361
00:18:58,800 --> 00:19:02,360
Speaker 1: guys like me, old school guys who remember Grand Hill

362
00:19:02,560 --> 00:19:07,760
Speaker 1: and Clyde Fraser is for old school guys like did

363
00:19:07,800 --> 00:19:10,840
Speaker 1: you see the mean man? We should make remember Grand Hills.

364
00:19:12,440 --> 00:19:18,000
Speaker 1: That's what I was there when he was playing man.

365
00:19:18,160 --> 00:19:21,240
Speaker 1: I was there all white leather or all white canvas

366
00:19:21,400 --> 00:19:24,800
Speaker 1: kicks for you? Yeah, yeah, that's yeah, That's that's what

367
00:19:24,920 --> 00:19:28,159
Speaker 1: I said. That's what I said some Chuck Taylor's man,

368
00:19:28,720 --> 00:19:33,920
Speaker 1: Chuck Nike you you yeah. I used to love the

369
00:19:34,560 --> 00:19:36,760
Speaker 1: cons that they came out for Larry Bird and Magic,

370
00:19:37,080 --> 00:19:39,480
Speaker 1: the cons in in the Celtics and Lakers colors and

371
00:19:39,520 --> 00:19:42,840
Speaker 1: the all black Oh my god, those were I have

372
00:19:43,040 --> 00:19:48,240
Speaker 1: no if no ardent affinity or for any shoe brand,

373
00:19:48,760 --> 00:19:51,000
Speaker 1: but when those came out, I was like, hooked me

374
00:19:51,080 --> 00:19:53,320
Speaker 1: up speaking, I got to do a quick bonus bonus.

375
00:19:53,440 --> 00:19:56,639
Speaker 1: You mentioned Larry Bird. They're talking about a museum for

376
00:19:56,880 --> 00:20:02,760
Speaker 1: Larry Indiana. Man Hope of Jerry As. Hello, Jerry Asar,

377
00:20:02,840 --> 00:20:06,760
Speaker 1: if you're listening Bizarre, Bizarre the Best. I used to

378
00:20:06,840 --> 00:20:08,760
Speaker 1: host a very similar show like this. I mean, I

379
00:20:08,760 --> 00:20:11,480
Speaker 1: don't know how many years ago with the czar downstairs

380
00:20:11,520 --> 00:20:13,440
Speaker 1: in the studio. We're sitting together. He was great and

381
00:20:13,520 --> 00:20:16,800
Speaker 1: that he he always when he was typing the the

382
00:20:16,880 --> 00:20:19,800
Speaker 1: scripts out, the falcons were the Fleckens, and the giants

383
00:20:19,840 --> 00:20:24,399
Speaker 1: were the gain Yetts. He couldn't get it right. He

384
00:20:24,600 --> 00:20:28,240
Speaker 1: could not do it. It was always the gain Yetts

385
00:20:28,320 --> 00:20:31,600
Speaker 1: and the Fleckens. So if you're listening Jerry, Hello, Well

386
00:20:31,680 --> 00:20:37,280
Speaker 1: this is the Bloomberg Business of Swarts podast. I'm Michael Barr,

387
00:20:37,320 --> 00:20:40,200
Speaker 1: along with Scott and Evan Nobi Williams. We're here each

388
00:20:40,280 --> 00:20:43,399
Speaker 1: and every Monday Wednesday and correcting the typo on the

389
00:20:43,440 --> 00:20:46,520
Speaker 1: page Thursday, exploring the world of money in sports. Join

390
00:20:46,680 --> 00:20:49,159
Speaker 1: us again at the end of the week when Michael

391
00:20:49,200 --> 00:20:51,920
Speaker 1: and Scott speak with a special World Series guest Tucker Cane,

392
00:20:52,040 --> 00:20:55,320
Speaker 1: CFO of the Los Angeles Dodgers. There's an f in Thursday.

393
00:20:56,520 --> 00:21:04,040
Speaker 1: There is, yeah, wrote it's Thursday. Let's oh, it's spelled Fronday.

394
00:21:04,080 --> 00:21:09,200
Speaker 1: But for Dows Thursday, you're listening. I'm sorry. I know

395
00:21:09,320 --> 00:21:12,359
Speaker 1: I must have been yawning when I was typing. Thanks, thanks,

396
00:21:12,359 --> 00:21:15,440
Speaker 1: you glad. We're glad to hear it. You're listening to

397
00:21:15,520 --> 00:21:19,040
Speaker 1: Bloomberg Business of Sports on Bloomberg Radio around the world

398
00:21:19,080 --> 00:21:22,200
Speaker 1: and online and as where you can find that word

399
00:21:22,240 --> 00:21:24,760
Speaker 1: podcast available for those were those words in the right?

400
00:21:26,280 --> 00:21:29,359
Speaker 1: What did I say? What did I say? Let's keep

401
00:21:29,440 --> 00:21:32,760
Speaker 1: let's keep this part in the shop. Let's do that again,

402
00:21:32,880 --> 00:21:35,320
Speaker 1: Let's do it again. Okay, keep this in all right.

403
00:21:36,000 --> 00:21:40,720
Speaker 1: You're listening to Bloomberg Business of Sports Bloomberg Radio around

404
00:21:40,800 --> 00:21:44,119
Speaker 1: the world and online and oh you know what, and

405
00:21:44,400 --> 00:21:48,840
Speaker 1: online as a podcast where we do are given to

406
00:21:49,119 --> 00:21:54,119
Speaker 1: people to take sports listening, your podcast online as a

407
00:21:54,240 --> 00:21:57,240
Speaker 1: podcast that works