1 00:00:00,280 --> 00:00:03,400 Speaker 1: This is the business of sports. Let's talk Super Bowl 2 00:00:03,520 --> 00:00:06,600 Speaker 1: and Fox Sports every single thing that occurs. I want 3 00:00:06,600 --> 00:00:08,880 Speaker 1: people to remember, this is a business. Guaranteed money isn't 4 00:00:08,920 --> 00:00:13,560 Speaker 1: necessarily guaranteed. Michael, how high can these valuations go? Scott, 5 00:00:14,800 --> 00:00:17,880 Speaker 1: everybody loves rooting against him, right, Evan, nobody Williams Off 6 00:00:17,920 --> 00:00:19,840 Speaker 1: the field, the NBA has never been buzzier. And the 7 00:00:19,960 --> 00:00:23,080 Speaker 1: leaders in the sports industry Major League Baseball Commissioner Rob 8 00:00:23,079 --> 00:00:26,360 Speaker 1: Manfreddy Michael Roscoe is the commissioner of the American Athletic Conference. 9 00:00:26,400 --> 00:00:28,960 Speaker 1: Here In Smith, president of Ticketmasters, and the race card 10 00:00:29,080 --> 00:00:32,519 Speaker 1: driver Elio Castro and Evans Bloomberg Business of Sports from 11 00:00:32,640 --> 00:00:36,280 Speaker 1: Bloomberg Radio. Hello, I'm Scott Schman, I'm Evan, Nobi Williams, 12 00:00:36,320 --> 00:00:38,840 Speaker 1: and I'm Michael bare And this is the Bloomberg Business 13 00:00:38,880 --> 00:00:41,480 Speaker 1: of Sports podcast, where we explore the big money issues 14 00:00:41,520 --> 00:00:44,479 Speaker 1: in the world of sports. Today. We begin with some 15 00:00:44,640 --> 00:00:47,360 Speaker 1: unfortunate news for fans of the New York Mets. Now, 16 00:00:47,400 --> 00:00:50,600 Speaker 1: according to the New York Post, billionaire Steve Cohen is 17 00:00:50,880 --> 00:00:53,480 Speaker 1: ending talks to buy the team. Cohen was in talks 18 00:00:53,560 --> 00:00:56,760 Speaker 1: to buy eighty percent of the team. The deal valued 19 00:00:57,200 --> 00:01:01,280 Speaker 1: at the Mets the league record two points billion dollars. 20 00:01:01,400 --> 00:01:04,120 Speaker 1: But something went wrong. You know what I'm doing right now? 21 00:01:04,280 --> 00:01:07,840 Speaker 1: Bar besides you think maybe having a spasm? What am 22 00:01:07,840 --> 00:01:09,319 Speaker 1: I doing? We're not on TV? What am I doing 23 00:01:09,400 --> 00:01:11,800 Speaker 1: right now? It looks like you're pumping the gas? Oh, 24 00:01:11,959 --> 00:01:15,560 Speaker 1: you pumping the gas. Even when he gets it right 25 00:01:15,600 --> 00:01:18,120 Speaker 1: and gets it wrong, it's une. I've been filling in 26 00:01:18,760 --> 00:01:26,680 Speaker 1: off five. I can't believe he's pumping the gas. I'm like, 27 00:01:26,760 --> 00:01:30,000 Speaker 1: he's got it, and he says, let's pump the brakes 28 00:01:30,040 --> 00:01:33,960 Speaker 1: on that. I mean, I love it. I love it. 29 00:01:34,000 --> 00:01:38,800 Speaker 1: That's why this show works. I love Yeah, nobody, it's 30 00:01:38,840 --> 00:01:42,080 Speaker 1: a steady push. But anyway, I wouldn't go so far. 31 00:01:42,640 --> 00:01:44,840 Speaker 1: And talking to my source to that deal is dead yet? 32 00:01:45,480 --> 00:01:47,760 Speaker 1: Is there a let's keep it? Is there a speed bump? 33 00:01:47,920 --> 00:01:50,360 Speaker 1: Is there a hurdle? Has there been a change? Yes? Well, 34 00:01:50,600 --> 00:01:54,520 Speaker 1: did the Wilpon say you know what, perhaps there was 35 00:01:54,560 --> 00:01:58,280 Speaker 1: a little renegotiation going on that this five year window 36 00:01:58,360 --> 00:02:01,440 Speaker 1: doesn't exactly work for us? Can we control something? This 37 00:02:01,600 --> 00:02:05,960 Speaker 1: is negotiation? Is Is it less likely today than a 38 00:02:06,000 --> 00:02:08,200 Speaker 1: week ago or two weeks ago that a deal gets done? Yes? 39 00:02:08,760 --> 00:02:11,160 Speaker 1: Is it impossible that a deal gets done moving forward. No, 40 00:02:12,240 --> 00:02:15,720 Speaker 1: so let's let's see what this negotiation bring. I think 41 00:02:15,760 --> 00:02:19,120 Speaker 1: we discussed probably on this podcast exactly um when that 42 00:02:19,200 --> 00:02:21,720 Speaker 1: deal was announced, the idea of committing to buy a 43 00:02:21,800 --> 00:02:24,799 Speaker 1: team now for a record price, but not getting control 44 00:02:24,960 --> 00:02:28,040 Speaker 1: for five years, as which appeared to be the terms 45 00:02:28,080 --> 00:02:30,600 Speaker 1: at that time that that Steve Cohen was was accepting. 46 00:02:31,240 --> 00:02:32,959 Speaker 1: That always seemed like it might be a kind of 47 00:02:33,200 --> 00:02:36,519 Speaker 1: a source spot moving forward. That always confused me, that 48 00:02:36,600 --> 00:02:38,679 Speaker 1: that he would commit to buying this team at this 49 00:02:38,800 --> 00:02:41,440 Speaker 1: price but then not have control for another five as 50 00:02:41,560 --> 00:02:45,000 Speaker 1: some folks in the industry told me when it When 51 00:02:45,040 --> 00:02:48,320 Speaker 1: it was announced, of course, the plan was for Jeff 52 00:02:48,360 --> 00:02:50,399 Speaker 1: will Punt to stay on his CEO for five years, 53 00:02:50,520 --> 00:02:53,560 Speaker 1: which is Fred's son, Fred's son, right, So what was 54 00:02:53,639 --> 00:02:55,760 Speaker 1: explained to me was what does that mean? What does 55 00:02:55,840 --> 00:02:59,000 Speaker 1: it mean for him to be the CEO? What it 56 00:02:59,120 --> 00:03:01,560 Speaker 1: meant was in this is somebody privy to what was 57 00:03:01,639 --> 00:03:03,679 Speaker 1: going on, It means that he has to keep the 58 00:03:03,720 --> 00:03:06,880 Speaker 1: title and he has to get paid. That's it. It 59 00:03:07,000 --> 00:03:10,440 Speaker 1: doesn't mean that he has to make decisions. We've seen 60 00:03:10,520 --> 00:03:13,840 Speaker 1: before another transactions. So you can say you were right 61 00:03:14,200 --> 00:03:16,120 Speaker 1: said if you're paying that kind of cash for a team. 62 00:03:16,600 --> 00:03:19,720 Speaker 1: You're gonna have your say, and it doesn't Also, to 63 00:03:19,840 --> 00:03:23,280 Speaker 1: my knowledge, change the fact that Fred Wilpon has kind 64 00:03:23,280 --> 00:03:25,200 Speaker 1: of wants out right that that he wants to focus 65 00:03:25,280 --> 00:03:27,440 Speaker 1: on real estate, that Genie has ad wants to focus 66 00:03:27,520 --> 00:03:31,160 Speaker 1: on philanthropy in the In the the overview here of 67 00:03:31,280 --> 00:03:35,760 Speaker 1: sports owners, it's not that the Wilpons aren't wealthy. They are, 68 00:03:36,200 --> 00:03:40,240 Speaker 1: but in the pantheon of sports ownership, like the the 69 00:03:40,600 --> 00:03:44,360 Speaker 1: big boys of the world and a billion, billion billion right, 70 00:03:44,560 --> 00:03:46,440 Speaker 1: what was it like about eighteen years ago? They paid 71 00:03:46,480 --> 00:03:49,680 Speaker 1: what three hundred fourteen or three hundred something million dollars 72 00:03:49,800 --> 00:03:52,840 Speaker 1: for the team back then. So yeah, I guess this 73 00:03:52,960 --> 00:03:56,920 Speaker 1: would be a nice profit. But what but we should 74 00:03:56,920 --> 00:04:00,520 Speaker 1: add to that Cohen is a minority owner in in 75 00:04:00,600 --> 00:04:03,520 Speaker 1: the met But I would just really like to have 76 00:04:03,600 --> 00:04:05,320 Speaker 1: been a fly on the wall to see what the 77 00:04:05,400 --> 00:04:07,840 Speaker 1: heck happened. Well, I just told you what happened. Well, 78 00:04:08,640 --> 00:04:11,600 Speaker 1: I want to be on the fly the happen next 79 00:04:12,280 --> 00:04:14,960 Speaker 1: I'm moving round. Oh my goodness. If you are a 80 00:04:15,040 --> 00:04:20,160 Speaker 1: Red Sox fan, you are like Holy Grail. They are 81 00:04:20,279 --> 00:04:24,960 Speaker 1: trading Mookie bets and also left hander David Price to 82 00:04:25,040 --> 00:04:28,160 Speaker 1: the Los Angeles Dodgers and a blockbuster deal. I believe 83 00:04:28,839 --> 00:04:31,680 Speaker 1: Dan Shaughnessy and his column said it best welcome to 84 00:04:31,880 --> 00:04:38,680 Speaker 1: Tampa the North. Yeah. You know, those small market, low 85 00:04:38,760 --> 00:04:42,760 Speaker 1: revenue teams like Boston, they can't they can't quite compete 86 00:04:42,800 --> 00:04:45,720 Speaker 1: with the big boys. Yeah. I mean, if I was 87 00:04:45,760 --> 00:04:47,400 Speaker 1: a Red Sox fan, I think I'd be scratching my 88 00:04:47,480 --> 00:04:49,280 Speaker 1: head at this one. You know, I'm gonna go the 89 00:04:49,360 --> 00:04:52,240 Speaker 1: other way. Let's talk about it. Yeah, you know this 90 00:04:52,440 --> 00:04:58,160 Speaker 1: team and manage they've done okay recently. So have they 91 00:04:58,279 --> 00:05:01,200 Speaker 1: not earned the right to say we know what we're doing? 92 00:05:02,080 --> 00:05:04,400 Speaker 1: Have they not earned that right? It's a salary dumb 93 00:05:04,440 --> 00:05:06,680 Speaker 1: for David Price. Well, it's a salary dumb for both 94 00:05:06,720 --> 00:05:09,200 Speaker 1: because you'd have to pay Mookie Bets mega megabucks to 95 00:05:09,279 --> 00:05:11,600 Speaker 1: keep them into his thirties. To clarify my position, I'm 96 00:05:11,640 --> 00:05:13,760 Speaker 1: not saying this is a bad deal. I'm nowhere. I 97 00:05:13,760 --> 00:05:15,760 Speaker 1: don't know enough about baseball to know that. But if 98 00:05:15,800 --> 00:05:17,800 Speaker 1: I was a Red Sox fan, the success that the 99 00:05:17,880 --> 00:05:21,440 Speaker 1: team has had over the past two decades has been 100 00:05:21,480 --> 00:05:24,200 Speaker 1: as a spender, right, and fans, we we know that 101 00:05:24,240 --> 00:05:26,520 Speaker 1: because we know how angry Barlin's fans are all the time. 102 00:05:26,800 --> 00:05:29,120 Speaker 1: Fans just like to see a team that is spending 103 00:05:29,160 --> 00:05:31,359 Speaker 1: money to compete, well, especially in today's because we can 104 00:05:31,440 --> 00:05:33,600 Speaker 1: see the Red Sox are not spenders. I mean, this 105 00:05:33,760 --> 00:05:35,400 Speaker 1: just keeps them from having to pay tax on it. 106 00:05:35,600 --> 00:05:38,160 Speaker 1: I mean, they're they're not committing a large amount of 107 00:05:38,200 --> 00:05:40,320 Speaker 1: money to someone who's one of the best team players 108 00:05:40,360 --> 00:05:42,599 Speaker 1: in baseball. They're getting money back, but they can't spend 109 00:05:42,640 --> 00:05:44,560 Speaker 1: it this year because there's no free agents left. There's 110 00:05:44,560 --> 00:05:47,120 Speaker 1: no one available to spend it on. UM I I. 111 00:05:47,440 --> 00:05:51,080 Speaker 1: This seems very quizzical to me. Someone who like a 112 00:05:51,240 --> 00:05:53,000 Speaker 1: l m v P a year and a half ago. 113 00:05:53,720 --> 00:05:58,080 Speaker 1: Um years old, so someone who is not old yet 114 00:05:58,200 --> 00:06:01,720 Speaker 1: by any means, as the Yankees about your Kobe Dielsbury, Well, 115 00:06:01,760 --> 00:06:04,440 Speaker 1: this is the thing. And you can certainly imagine the 116 00:06:04,480 --> 00:06:07,440 Speaker 1: world in which Red Sox ownership was thinking we would 117 00:06:07,480 --> 00:06:09,920 Speaker 1: have to give this guy a ten year deal. In 118 00:06:10,000 --> 00:06:12,560 Speaker 1: ten years, he's thirty eight. He's not producing a thirty eight. 119 00:06:14,560 --> 00:06:15,960 Speaker 1: And the Red Sox, by the way, they have a 120 00:06:16,040 --> 00:06:18,920 Speaker 1: long history of not they there's no loyalty, there's no anything. 121 00:06:19,200 --> 00:06:20,960 Speaker 1: You hit mid thirties and the Red Sox you're done 122 00:06:21,000 --> 00:06:23,160 Speaker 1: with it's very patriots, like, yeah, but we got to 123 00:06:23,200 --> 00:06:28,279 Speaker 1: talk about the elephant in the room. Well, I thought 124 00:06:28,279 --> 00:06:31,080 Speaker 1: we addressed Okay, Now it's more than that. It's like, 125 00:06:31,480 --> 00:06:34,400 Speaker 1: not only is he being traded, but he's going to 126 00:06:34,480 --> 00:06:38,919 Speaker 1: the Los Angeles Dodges. And the Dodgers are totally ticked 127 00:06:38,960 --> 00:06:42,080 Speaker 1: off at the Red Sox and also at the Astros 128 00:06:42,440 --> 00:06:45,640 Speaker 1: so obviously because of the uh let's call it the 129 00:06:46,200 --> 00:06:49,320 Speaker 1: camera outside and the cheating scandal. To me, this is 130 00:06:49,360 --> 00:06:53,320 Speaker 1: more just the Dodgers are literally all in like they 131 00:06:53,400 --> 00:07:00,360 Speaker 1: have got what's and then again the Dodgers, and by 132 00:07:00,360 --> 00:07:02,800 Speaker 1: the way, the Dodgers were catching some flak for not 133 00:07:03,000 --> 00:07:06,159 Speaker 1: spending cash and for not doing some things like uh, 134 00:07:06,440 --> 00:07:09,120 Speaker 1: it was pretty funny. Clearly this was in the works, 135 00:07:09,240 --> 00:07:12,200 Speaker 1: or at least in the mindset. The Dodgers have to win. 136 00:07:12,480 --> 00:07:15,200 Speaker 1: I mean, are we looking at Dodgers Yankees? I mean 137 00:07:16,040 --> 00:07:19,400 Speaker 1: that collision course, But man, the Dodgers have done everything 138 00:07:19,520 --> 00:07:22,520 Speaker 1: except win the World Series, and they've come very close. 139 00:07:22,600 --> 00:07:25,000 Speaker 1: They've come very close. They have got to win the 140 00:07:25,080 --> 00:07:27,720 Speaker 1: World Series. And one more thing, kind of stepping back 141 00:07:27,800 --> 00:07:30,520 Speaker 1: broader about baseball, and we've talked a bit about the 142 00:07:31,080 --> 00:07:33,040 Speaker 1: kind of the frustration with players about the way teams 143 00:07:33,040 --> 00:07:35,960 Speaker 1: are spending their money. Baseball has forever existed with this 144 00:07:36,080 --> 00:07:38,840 Speaker 1: kind of delicate balance between a core of teams that 145 00:07:38,880 --> 00:07:41,640 Speaker 1: are spending money to win now and paying big bucks 146 00:07:41,680 --> 00:07:43,360 Speaker 1: for free agents, and a core of teams that are 147 00:07:43,400 --> 00:07:45,280 Speaker 1: not and are kind of always fire sailing and trying 148 00:07:45,320 --> 00:07:47,280 Speaker 1: to you know, catch lightning in a bottle and maybe 149 00:07:47,320 --> 00:07:49,600 Speaker 1: win a World Series or two. Uh, if the Red 150 00:07:49,720 --> 00:07:53,160 Speaker 1: Sox stopped being that top tier team and against got 151 00:07:53,240 --> 00:07:54,640 Speaker 1: to see your point that we don't know yet if 152 00:07:54,680 --> 00:07:57,400 Speaker 1: they're gonna stop spending, and they probably won't be. But 153 00:07:57,680 --> 00:07:59,720 Speaker 1: if teams like the Red Sox are also now maybe 154 00:07:59,760 --> 00:08:03,160 Speaker 1: pumping the brakes, not the gas bar on on spending, 155 00:08:03,880 --> 00:08:08,920 Speaker 1: on spending big dollars, on spending big dollars, I think 156 00:08:09,040 --> 00:08:11,880 Speaker 1: that is maybe a little concerning for for mijor League 157 00:08:11,880 --> 00:08:14,280 Speaker 1: Baseball players as a whole, in terms of the amount 158 00:08:14,280 --> 00:08:16,040 Speaker 1: of teams that are trying to win and win now 159 00:08:16,520 --> 00:08:18,240 Speaker 1: versus the amount of teams that are maybe saving up 160 00:08:18,280 --> 00:08:19,960 Speaker 1: some chips and trying to picture this by the way, 161 00:08:20,040 --> 00:08:24,640 Speaker 1: I have stood in stand castings office, the CEO of 162 00:08:24,680 --> 00:08:28,760 Speaker 1: the team in in left field as he's overlooking it's 163 00:08:28,760 --> 00:08:32,960 Speaker 1: sort of the majestic field and nice, the whole shebang. Yeah, 164 00:08:33,840 --> 00:08:37,000 Speaker 1: and there's a little patio area outside where you can 165 00:08:37,040 --> 00:08:39,560 Speaker 1: go overlook the field. And man, he wants to win, 166 00:08:40,040 --> 00:08:42,240 Speaker 1: like you have telling you, Stan wants to win his 167 00:08:42,320 --> 00:08:46,040 Speaker 1: friend of the program. Um. You know, we don't root here, 168 00:08:46,120 --> 00:08:49,240 Speaker 1: we don't have rooting interests, but I would like to 169 00:08:49,400 --> 00:08:54,199 Speaker 1: see just just for giggles, uh Stan and Tuckerkane and 170 00:08:54,280 --> 00:08:57,480 Speaker 1: the boys celebrating if that team ever won, because that 171 00:08:57,520 --> 00:08:59,640 Speaker 1: would be something I'm gonna do my best Larry King 172 00:09:00,320 --> 00:09:04,240 Speaker 1: NFL Jaguars too overseas. I thought you were gonna say 173 00:09:04,280 --> 00:09:06,920 Speaker 1: my best Larry King. So, Jerry Year, you were canceled, 174 00:09:08,240 --> 00:09:12,719 Speaker 1: you were Jerry canceled? Do you canceled the number? Let's 175 00:09:12,720 --> 00:09:15,319 Speaker 1: show on television canceled. If you don't know what we're doing, 176 00:09:15,360 --> 00:09:18,760 Speaker 1: go YouTube Larry King, Jerry Sidefeld one of the best 177 00:09:18,800 --> 00:09:22,719 Speaker 1: clips ever. So what was what we're what's the nest 178 00:09:22,720 --> 00:09:27,160 Speaker 1: of what were you talking about? Talking about the jar Jaguars? 179 00:09:27,920 --> 00:09:30,880 Speaker 1: So we'll just talk go ahead. Yeah, so some actually 180 00:09:30,920 --> 00:09:33,560 Speaker 1: fairly big news. I think the Jaguars announced that they 181 00:09:33,600 --> 00:09:36,600 Speaker 1: are going to be playing two home games consecutive home 182 00:09:36,679 --> 00:09:39,320 Speaker 1: games in London this year. For folks who aren't aware 183 00:09:39,360 --> 00:09:41,079 Speaker 1: of the Jaguars have been playing games in London since 184 00:09:41,120 --> 00:09:43,360 Speaker 1: two thousand and thirteen. I believe they've given up one 185 00:09:43,400 --> 00:09:45,800 Speaker 1: home game each year to go over there. There's more 186 00:09:45,880 --> 00:09:48,040 Speaker 1: revenue in that than there is at their home STADIU. 187 00:09:48,040 --> 00:09:51,080 Speaker 1: Team's name is now Londonville uh and they have an 188 00:09:51,120 --> 00:09:54,000 Speaker 1: owner in Shad Khan, who is an international businessman who 189 00:09:54,040 --> 00:09:57,320 Speaker 1: also owns a soccer team in London. Fulham best mush 190 00:09:57,360 --> 00:10:00,040 Speaker 1: dash in sports and by far, Yeah, fantastic. I'll the 191 00:10:00,120 --> 00:10:03,320 Speaker 1: Jaguars quarterback Gardner Minshew also also has a good muscles. 192 00:10:04,240 --> 00:10:09,280 Speaker 1: Always felt like but I think this is big news 193 00:10:09,600 --> 00:10:12,439 Speaker 1: for a number of reasons. Um. It's one, it's a 194 00:10:12,480 --> 00:10:15,559 Speaker 1: play for the team to get more money locally, now right. 195 00:10:15,720 --> 00:10:18,280 Speaker 1: I saw something where the team is positioning it as 196 00:10:18,840 --> 00:10:21,360 Speaker 1: this will help them step the revenue to build the 197 00:10:21,440 --> 00:10:24,199 Speaker 1: downtown stadium. So they are Shad con and the Jaguars 198 00:10:24,240 --> 00:10:25,920 Speaker 1: are investing a lot of money and the city is 199 00:10:25,960 --> 00:10:28,480 Speaker 1: as well and redeveloping the St. John's waterfront which is 200 00:10:28,559 --> 00:10:31,440 Speaker 1: right outside the stadium. Um, and yes, that's the position 201 00:10:31,480 --> 00:10:34,439 Speaker 1: that Jaguars are taking that we have a revenue plan 202 00:10:34,559 --> 00:10:37,199 Speaker 1: for years from now. It's this development. We don't have 203 00:10:37,280 --> 00:10:40,520 Speaker 1: a revenue plan for the next five years. And if 204 00:10:40,600 --> 00:10:43,760 Speaker 1: playing an extra home game in London gets us there 205 00:10:43,880 --> 00:10:46,800 Speaker 1: faster or helps us facilitate that long term plan, we're 206 00:10:46,840 --> 00:10:48,599 Speaker 1: willing to. Did you see, like, what's the name of 207 00:10:48,640 --> 00:10:52,160 Speaker 1: the team supporter group whatever? There's one in London, there's 208 00:10:52,160 --> 00:10:54,520 Speaker 1: a been the one in jackson there's a big team 209 00:10:54,640 --> 00:10:58,120 Speaker 1: fans whatever it might be. But I saw their statement 210 00:10:58,200 --> 00:10:59,920 Speaker 1: yesterday which is pretty funny. But they said, we have 211 00:11:00,080 --> 00:11:02,400 Speaker 1: good plan too. How about you win a few football Yeah, 212 00:11:02,440 --> 00:11:04,640 Speaker 1: So this is to me the interesting part of this 213 00:11:04,760 --> 00:11:07,480 Speaker 1: question is that that all may be true, that that 214 00:11:07,559 --> 00:11:09,559 Speaker 1: shotgun may have no plans of moving the team to 215 00:11:09,679 --> 00:11:11,880 Speaker 1: London permanently. He may really believe that the team is 216 00:11:11,960 --> 00:11:14,600 Speaker 1: viable in Jacksonville once he gets this development off the ground, 217 00:11:15,040 --> 00:11:19,240 Speaker 1: But you risk alienating fans permanently if you're playing fewer 218 00:11:19,320 --> 00:11:21,439 Speaker 1: and fewer games there. I imagine if I'm a Jaguars 219 00:11:21,440 --> 00:11:24,800 Speaker 1: season ticket holder, there's only only eight and now I'm 220 00:11:24,840 --> 00:11:28,240 Speaker 1: getting six, and you know, my package obviously gets cheaper, right, 221 00:11:28,240 --> 00:11:29,679 Speaker 1: I'm not gonna have to pay the same amount for 222 00:11:29,920 --> 00:11:33,600 Speaker 1: for for seven versus versus six. But I imagine there's 223 00:11:33,600 --> 00:11:38,599 Speaker 1: frustration price will be going down. That seems like the 224 00:11:38,640 --> 00:11:40,880 Speaker 1: delicate balance that Shatcott is now trying to is trying 225 00:11:40,960 --> 00:11:44,000 Speaker 1: to to make Jaguars fans and season ticket holders accept that. 226 00:11:44,520 --> 00:11:46,360 Speaker 1: And then one of the real quick thing because because Scott, 227 00:11:46,360 --> 00:11:49,080 Speaker 1: we got an email from a reader grant out in Colorado, 228 00:11:49,120 --> 00:11:51,640 Speaker 1: who was asking about how a seventeen game season, if 229 00:11:51,679 --> 00:11:54,000 Speaker 1: it happens, effects kind of the home game away game 230 00:11:54,080 --> 00:11:56,520 Speaker 1: balance eight and eight um, and I think you will 231 00:11:56,559 --> 00:11:59,000 Speaker 1: see that if we go to a seventeen game season, 232 00:11:59,280 --> 00:12:02,920 Speaker 1: there's more lean and see built into the NFL schedule 233 00:12:03,240 --> 00:12:05,640 Speaker 1: for you to play games in neutral sites. And whether 234 00:12:05,720 --> 00:12:08,160 Speaker 1: that's playing games in London and Mexico City, or if 235 00:12:08,240 --> 00:12:11,520 Speaker 1: that's you know, the Carolina Panthers playing games in Nashville, 236 00:12:11,640 --> 00:12:13,360 Speaker 1: whatever that looks like, I think there's gonna be more 237 00:12:13,440 --> 00:12:16,719 Speaker 1: options in there for neutral game sites. Alright, So the 238 00:12:17,000 --> 00:12:20,160 Speaker 1: fans in Jacksonville are red faced, But let's go from 239 00:12:20,440 --> 00:12:24,560 Speaker 1: red to Crimson. We have a guest today, special guest 240 00:12:24,600 --> 00:12:28,160 Speaker 1: Harvard football coach Tim Murphy. Uh And I think I 241 00:12:28,240 --> 00:12:30,679 Speaker 1: know the answer, and I think it's got something to 242 00:12:30,760 --> 00:12:32,800 Speaker 1: do with the guy for the Niners who wears number 243 00:12:32,840 --> 00:12:35,240 Speaker 1: forty four goes by the name of Kyle use Check 244 00:12:35,320 --> 00:12:38,240 Speaker 1: when to Harvard, but coach, just in case I'm wrong, 245 00:12:38,320 --> 00:12:41,600 Speaker 1: I don't want to presuppose anything. What was your favorite 246 00:12:41,679 --> 00:12:45,000 Speaker 1: play of the Super Bowl. I'll tell you what I'm 247 00:12:45,040 --> 00:12:47,280 Speaker 1: gonna need. I'm gonna need about ten minutes to figure 248 00:12:47,320 --> 00:12:50,560 Speaker 1: that out, but I'm gonna give it a shot, all right. 249 00:12:51,960 --> 00:12:54,920 Speaker 1: Naked for the touchdown, I gotta tell you, I thought 250 00:12:55,880 --> 00:12:59,439 Speaker 1: if he had gotten the second touch down, by the way, 251 00:12:59,440 --> 00:13:00,760 Speaker 1: and he what he he got down to the one 252 00:13:00,840 --> 00:13:03,360 Speaker 1: yard line, I believe, and the Niners were rolling at 253 00:13:03,360 --> 00:13:05,000 Speaker 1: the time, if they had won, I'm like he could 254 00:13:05,040 --> 00:13:07,120 Speaker 1: win the m v P. Did that come into your 255 00:13:07,160 --> 00:13:11,160 Speaker 1: mind at all? Absolutely? I mean, at that point, you know, 256 00:13:11,320 --> 00:13:13,760 Speaker 1: things are going on the forty Niners way and they're 257 00:13:13,760 --> 00:13:16,199 Speaker 1: playing great defense, and I thought it was going to 258 00:13:16,240 --> 00:13:19,120 Speaker 1: be a relatively low scoring game and two touchdowns in 259 00:13:19,160 --> 00:13:21,160 Speaker 1: the Super Bowl and a low scoring game usually the 260 00:13:21,280 --> 00:13:24,839 Speaker 1: m v P. Tim you know, you guys have Harvard 261 00:13:24,880 --> 00:13:26,480 Speaker 1: has had a number of players in the NFL before. 262 00:13:26,480 --> 00:13:28,440 Speaker 1: I believe Matt Burke won a Super Bowl with the Ravens. 263 00:13:28,640 --> 00:13:31,520 Speaker 1: When this happens, on a on a big scale. What's 264 00:13:31,520 --> 00:13:34,040 Speaker 1: the effect that it has, if any on your program 265 00:13:34,240 --> 00:13:37,920 Speaker 1: kind of specifically possibly even in recruiting. Well, again, it's 266 00:13:38,000 --> 00:13:40,600 Speaker 1: it's tough to quantify the effect. But boy, I'll tell 267 00:13:40,600 --> 00:13:43,200 Speaker 1: you what, I can't remember ever having more checks, even 268 00:13:43,240 --> 00:13:45,120 Speaker 1: when Burkey was in the Super Bowl. And part of 269 00:13:45,160 --> 00:13:47,719 Speaker 1: it is, you know, Burkey was an offensive lineman though, 270 00:13:48,080 --> 00:13:51,360 Speaker 1: although he was an All pro as well. Um. But yeah, 271 00:13:51,760 --> 00:13:55,520 Speaker 1: and I think when people here Kyle, um, he really 272 00:13:55,640 --> 00:13:59,920 Speaker 1: resonatest of all, he's a very humble kid. Um, he's 273 00:14:00,160 --> 00:14:03,360 Speaker 1: very good speaker in a very unpretentious way. And um, 274 00:14:03,559 --> 00:14:06,520 Speaker 1: he's just a great reflection on Harvard on many levels. 275 00:14:06,600 --> 00:14:09,400 Speaker 1: And that he happens to be a kid that's well, 276 00:14:09,559 --> 00:14:12,240 Speaker 1: you know, fairly well educated and goes out there and 277 00:14:12,320 --> 00:14:16,000 Speaker 1: can compete at the highest level. Um. You know, it's 278 00:14:16,040 --> 00:14:18,720 Speaker 1: certainly has gotten the attention on a lot of folks 279 00:14:18,760 --> 00:14:20,840 Speaker 1: of the last couple of weeks. Do you mention his 280 00:14:20,960 --> 00:14:23,280 Speaker 1: name when you're when you're talking to kids about about 281 00:14:23,440 --> 00:14:26,119 Speaker 1: you know, they're interest in playing at Harvard? Is Brian Fitzpatrick? 282 00:14:26,240 --> 00:14:28,120 Speaker 1: Is is Kyle Uschecker? These names that you were kind 283 00:14:28,120 --> 00:14:30,600 Speaker 1: of constantly you know, pitching to them as you know, 284 00:14:30,760 --> 00:14:32,600 Speaker 1: if things go well, not only are going to get 285 00:14:32,600 --> 00:14:36,280 Speaker 1: a great education obviously, but it's you can it's playing 286 00:14:36,320 --> 00:14:39,320 Speaker 1: at the highest level. Yes, and I put it in 287 00:14:39,400 --> 00:14:42,720 Speaker 1: that context. I've said, Listen, the reality is kids don't 288 00:14:42,800 --> 00:14:45,760 Speaker 1: come to Harvard to be in the NFL. Even though 289 00:14:45,800 --> 00:14:48,040 Speaker 1: we currently have nine of ten guys in the NFL. 290 00:14:48,800 --> 00:14:51,600 Speaker 1: We happen to have five tight end h backs currently 291 00:14:51,640 --> 00:14:54,000 Speaker 1: in the NFL. But that's not the primary reason to 292 00:14:54,080 --> 00:14:56,080 Speaker 1: come here. They come here because they know that football 293 00:14:56,120 --> 00:14:59,840 Speaker 1: is gonna end some other day. But the reality is 294 00:15:00,040 --> 00:15:03,120 Speaker 1: we actually have kids in the NFL, the NBA, the NHL, 295 00:15:03,800 --> 00:15:06,480 Speaker 1: in Major League Baseball. But it might be the last 296 00:15:06,560 --> 00:15:09,480 Speaker 1: place you'd expect to see that. You brought up a 297 00:15:09,560 --> 00:15:12,680 Speaker 1: good point. How do you help young men because once 298 00:15:12,760 --> 00:15:16,040 Speaker 1: they leave the NFL, uh, they're gonna go on to 299 00:15:16,200 --> 00:15:19,080 Speaker 1: what they're gonna do, whether it's business or whatever. How 300 00:15:19,160 --> 00:15:24,800 Speaker 1: do you help them in preparing for life after football? Well, 301 00:15:24,880 --> 00:15:27,440 Speaker 1: I think to some extent, you know, we get such 302 00:15:27,560 --> 00:15:31,640 Speaker 1: great kids, intangibly, kids, high character kids, kids that they're tough, 303 00:15:31,880 --> 00:15:35,560 Speaker 1: resilient and very driven in a positive way. Um, But 304 00:15:35,680 --> 00:15:38,040 Speaker 1: I think the reality is that you know, it's a 305 00:15:38,160 --> 00:15:41,520 Speaker 1: challenging world out there. And uh, and education is only 306 00:15:41,560 --> 00:15:43,560 Speaker 1: going to take you so far, even a quality IVY 307 00:15:43,600 --> 00:15:46,760 Speaker 1: League education. Um, what you're gonna need is you're gonna 308 00:15:46,800 --> 00:15:50,360 Speaker 1: need great self motivation. I need a great work ethic. 309 00:15:50,480 --> 00:15:53,280 Speaker 1: You're gonna need those resiliency skills because things will not 310 00:15:53,400 --> 00:15:56,680 Speaker 1: always go right personally or professionally. And I think the 311 00:15:56,720 --> 00:15:59,200 Speaker 1: other great thing that you know, our football kids learn 312 00:15:59,320 --> 00:16:02,240 Speaker 1: is time management. You just can't do it all, you know, 313 00:16:02,360 --> 00:16:04,680 Speaker 1: in our in our program, I tell the kids, listen, 314 00:16:05,160 --> 00:16:09,560 Speaker 1: there's three things you can really do in a day, academics, athletics, 315 00:16:09,680 --> 00:16:12,240 Speaker 1: and social life. But see, you never do all three 316 00:16:12,280 --> 00:16:14,040 Speaker 1: in the same day. And you've got to figure out 317 00:16:14,120 --> 00:16:16,720 Speaker 1: that balance. And when a lot of my kids, let's say, 318 00:16:16,880 --> 00:16:18,760 Speaker 1: you know, they're not n focus. Let's say they're going 319 00:16:18,800 --> 00:16:22,320 Speaker 1: to medical school, but they're going to be an investment banking. Um, 320 00:16:22,400 --> 00:16:24,600 Speaker 1: we know what the rigors of that are, especially out 321 00:16:24,640 --> 00:16:28,480 Speaker 1: of college. And our kids say, well, coach, it's relatively easy. 322 00:16:28,560 --> 00:16:31,560 Speaker 1: I go define relatively easy. They say, well, you know 323 00:16:31,960 --> 00:16:35,840 Speaker 1: the grind that we had balancing academics and athletics. It 324 00:16:36,040 --> 00:16:39,840 Speaker 1: was challenging, but it was obviously very rewarding, and when 325 00:16:39,880 --> 00:16:42,280 Speaker 1: we get to med school or we get to IB 326 00:16:42,840 --> 00:16:45,440 Speaker 1: it just seems easier for us than it does. Put 327 00:16:45,480 --> 00:16:48,360 Speaker 1: a lot of the quote unquote kids that we meet 328 00:16:48,440 --> 00:16:50,760 Speaker 1: coming out of other schools. Timm, you ready for a 329 00:16:50,880 --> 00:16:53,720 Speaker 1: genius idea for free? Can I give you a genius 330 00:16:53,840 --> 00:16:59,560 Speaker 1: idea for free? And of course these are free? I mean, 331 00:16:59,640 --> 00:17:02,600 Speaker 1: come on, this is the business of sports show. You 332 00:17:02,760 --> 00:17:06,440 Speaker 1: had Kyle You's check in the Super Bowl, scores a touchdown, 333 00:17:06,560 --> 00:17:08,800 Speaker 1: all the texts are coming in. You gotta strike while 334 00:17:08,840 --> 00:17:11,960 Speaker 1: it's hot. So you gotta get your ardent supporters together 335 00:17:12,000 --> 00:17:14,639 Speaker 1: in a room. You gotta bring Kyle And I'm not 336 00:17:14,680 --> 00:17:16,399 Speaker 1: going to do the Boston accent. This is going to 337 00:17:16,480 --> 00:17:18,840 Speaker 1: be a New York accent. But he's gonna have to 338 00:17:18,920 --> 00:17:22,240 Speaker 1: ask them can use write a check? He's gonna say 339 00:17:22,320 --> 00:17:26,720 Speaker 1: that we said we just talked. You know, you got 340 00:17:26,800 --> 00:17:28,720 Speaker 1: the new room and the yacht whatever, but can you 341 00:17:28,760 --> 00:17:30,480 Speaker 1: use all write a check? Is this going to be 342 00:17:30,520 --> 00:17:33,680 Speaker 1: a tangible thing? Does this translate in any way to 343 00:17:33,840 --> 00:17:36,960 Speaker 1: dollars to school, dollars to program? I think the reality 344 00:17:37,160 --> 00:17:40,440 Speaker 1: is that when things are going well, um at any university. 345 00:17:40,520 --> 00:17:43,200 Speaker 1: You know, we were coming off quite frankly, you know, 346 00:17:43,640 --> 00:17:47,200 Speaker 1: a tremendous Scott Hook campaign almost you know, just you know, 347 00:17:47,359 --> 00:17:50,000 Speaker 1: the numbers just keep going up. But Harvard did an 348 00:17:50,080 --> 00:17:53,560 Speaker 1: enormous recent capital campaign and raised almost six billion dollars. 349 00:17:53,640 --> 00:17:57,200 Speaker 1: And I think that means that people across many spectrums 350 00:17:57,240 --> 00:18:01,040 Speaker 1: of Harvard really love and a pre shate the experience 351 00:18:01,080 --> 00:18:03,360 Speaker 1: they had at Harvard and U you know, where it's 352 00:18:04,000 --> 00:18:07,080 Speaker 1: been able to take them professionally and personally in their families. 353 00:18:07,160 --> 00:18:10,240 Speaker 1: So we're just part of it. Harvard is all about diversity, 354 00:18:10,600 --> 00:18:13,399 Speaker 1: and that diversity is not yet in terms of socio 355 00:18:13,440 --> 00:18:16,800 Speaker 1: economics and ethnicity, but it's about diversity. We have a 356 00:18:16,880 --> 00:18:19,840 Speaker 1: lot of great science scholars. You know, we've got a 357 00:18:19,960 --> 00:18:23,879 Speaker 1: new amazing engineering facility, and we've got kids from all 358 00:18:23,920 --> 00:18:26,520 Speaker 1: over the country, all over the world. We have athletes, 359 00:18:26,960 --> 00:18:29,639 Speaker 1: we have people in the arts, and I think athletics 360 00:18:29,760 --> 00:18:32,320 Speaker 1: is just part of that diversity, Tim. I think a 361 00:18:32,400 --> 00:18:34,200 Speaker 1: lot of a lot of our listeners may not realize 362 00:18:34,240 --> 00:18:37,280 Speaker 1: that IVY League football teams don't play in the postseason 363 00:18:37,480 --> 00:18:39,720 Speaker 1: for for Division one Double A. So you know, you've 364 00:18:39,760 --> 00:18:41,880 Speaker 1: had a number of undefeated football teams that I'm sure 365 00:18:41,920 --> 00:18:43,560 Speaker 1: you would have loved to see how they would have 366 00:18:43,600 --> 00:18:45,600 Speaker 1: played against some of the best teams in your division, 367 00:18:45,640 --> 00:18:48,040 Speaker 1: and unfortunately, you know, just because of the rules of 368 00:18:48,040 --> 00:18:50,560 Speaker 1: the IVY League don't play in the playoffs. Are we 369 00:18:50,680 --> 00:18:53,320 Speaker 1: closer to that potentially changing? Do you see a future 370 00:18:53,400 --> 00:18:56,359 Speaker 1: in which the regions, the president of the university's the 371 00:18:56,400 --> 00:18:58,680 Speaker 1: eighties get together and strike an agreement that that maybe 372 00:18:58,800 --> 00:19:01,880 Speaker 1: lets the IVY League champion keep playing into the playoffs. 373 00:19:03,280 --> 00:19:05,280 Speaker 1: I do see that happening someday. I hope it's in 374 00:19:05,400 --> 00:19:07,560 Speaker 1: my time, but I do see it happening for the 375 00:19:07,680 --> 00:19:11,359 Speaker 1: very simple reason that when you have forty two Division 376 00:19:11,440 --> 00:19:13,280 Speaker 1: one of our city sports, as we do at Harvard, 377 00:19:13,320 --> 00:19:15,960 Speaker 1: which makes us the largest Division one athletic program on 378 00:19:16,040 --> 00:19:18,959 Speaker 1: the planet, when forty one of those forty two can 379 00:19:19,040 --> 00:19:22,560 Speaker 1: compete in postseason play, you can probably say it makes 380 00:19:22,600 --> 00:19:25,200 Speaker 1: a lot of sense that we shouldn't have any bias 381 00:19:25,680 --> 00:19:28,560 Speaker 1: to hold anybody anyone else back. So I think this 382 00:19:28,680 --> 00:19:31,560 Speaker 1: will happen someday. I think it's it's a no brainer. 383 00:19:32,119 --> 00:19:34,639 Speaker 1: It's just it's just not the time apparently yet. And 384 00:19:34,800 --> 00:19:36,359 Speaker 1: is there a business case to be mad? I mean, 385 00:19:36,400 --> 00:19:38,600 Speaker 1: it seems like, you know, an IVY leagu team playing 386 00:19:38,640 --> 00:19:40,680 Speaker 1: in the playoffs certainly you know, a good way to 387 00:19:40,880 --> 00:19:44,000 Speaker 1: you know, engage donors to maybe sell media rights. Is 388 00:19:44,040 --> 00:19:45,560 Speaker 1: there a business case to be made that there is 389 00:19:45,600 --> 00:19:48,240 Speaker 1: a commercial opportunity that the IVY League is missing out 390 00:19:48,320 --> 00:19:50,760 Speaker 1: on by not letting its best football teams compete in 391 00:19:50,760 --> 00:19:53,600 Speaker 1: the playoffs. I'm not sure there's a business case from 392 00:19:53,600 --> 00:19:56,160 Speaker 1: the standpoint that it's going to be a gigantic moneymaker. 393 00:19:56,320 --> 00:19:59,480 Speaker 1: You can quantify how that's gonna resonate with alumni in 394 00:19:59,680 --> 00:20:02,320 Speaker 1: terms of gifts, but I think it's it's more of 395 00:20:02,440 --> 00:20:05,119 Speaker 1: just more of a sort of a no brain er 396 00:20:05,200 --> 00:20:09,040 Speaker 1: fanners issue. Um. I just think that I think the 397 00:20:09,119 --> 00:20:13,560 Speaker 1: powers to be We've got some tremendously bright people across 398 00:20:13,640 --> 00:20:15,800 Speaker 1: the board in the IVY League, and I just think 399 00:20:15,840 --> 00:20:17,800 Speaker 1: they're all going to come to the same conclusion. It 400 00:20:18,280 --> 00:20:22,080 Speaker 1: doesn't really make sense to just have one team that's 401 00:20:22,119 --> 00:20:24,639 Speaker 1: not allowed to go that route. I have to bring up, 402 00:20:24,720 --> 00:20:30,240 Speaker 1: by the way, there's another very popular Harvard member who 403 00:20:30,520 --> 00:20:34,000 Speaker 1: went into pro sports, not maybe football, but definitely on 404 00:20:34,119 --> 00:20:38,240 Speaker 1: the basketball court, Lynn Sanity, Jeremy Lynn. He must have 405 00:20:38,480 --> 00:20:43,359 Speaker 1: helped the school also in bringing athletes to the university, 406 00:20:44,320 --> 00:20:47,280 Speaker 1: no question about it. You know, I remember very vividly 407 00:20:47,440 --> 00:20:50,240 Speaker 1: the period that I mean Lynn was at Harvard and 408 00:20:50,560 --> 00:20:53,359 Speaker 1: love going to the games and and uh, you know, 409 00:20:53,400 --> 00:20:54,960 Speaker 1: and then seeing him to be able to play in 410 00:20:55,000 --> 00:20:57,400 Speaker 1: the NBA on the biggest stage at a high level. 411 00:20:57,520 --> 00:20:59,719 Speaker 1: And you know, whether it's our kids in the NHL, 412 00:20:59,800 --> 00:21:02,760 Speaker 1: are kids in Major League Baseball, UM, we have a 413 00:21:02,840 --> 00:21:06,240 Speaker 1: former women's player who's been knocking on the threshold of 414 00:21:06,359 --> 00:21:09,640 Speaker 1: making the Olympic team, and soccer um. And I think 415 00:21:09,680 --> 00:21:13,200 Speaker 1: a combination of those things is really something to be 416 00:21:13,320 --> 00:21:15,640 Speaker 1: proud of. And like I said, whether it's the arts, 417 00:21:15,680 --> 00:21:18,720 Speaker 1: whether it's science, whether it's athletics or something in between, 418 00:21:19,160 --> 00:21:21,879 Speaker 1: I think that's what Harvard is all about. It's about diversity, 419 00:21:21,960 --> 00:21:25,119 Speaker 1: and it's about excellence. And the people you're talking about 420 00:21:25,560 --> 00:21:28,240 Speaker 1: happen to represent the athletic end of that. Just so 421 00:21:28,400 --> 00:21:30,560 Speaker 1: you know, my my son's ten years old. He's a 422 00:21:30,600 --> 00:21:33,439 Speaker 1: top flight hockey goaltender. So I just want to let 423 00:21:33,480 --> 00:21:35,840 Speaker 1: you know, seven or eight years from now, when ten 424 00:21:35,920 --> 00:21:39,199 Speaker 1: Dodado comes calling, I'm using the Tim Murphy name. Murphy 425 00:21:39,640 --> 00:21:42,159 Speaker 1: Murphy said to call, I'll get tell you on that 426 00:21:42,359 --> 00:21:45,040 Speaker 1: right now. There we go, all right, Tim Murphy, head 427 00:21:45,040 --> 00:21:48,560 Speaker 1: coach at Harvard University. Thanks so much. Thanks to Harvard 428 00:21:48,600 --> 00:21:52,119 Speaker 1: football coach Tim Murphy. This is the Bloomberg Business of 429 00:21:52,160 --> 00:21:55,320 Speaker 1: Sports podcast. I'm Michael Barr, along with Scott Sashnik and 430 00:21:55,560 --> 00:21:58,240 Speaker 1: Evan Nobie Williams. Pumping the Gas. We pumped the gas. 431 00:21:58,359 --> 00:22:01,560 Speaker 1: We are here every Monday, West Stay and stay exploring 432 00:22:01,600 --> 00:22:03,520 Speaker 1: the world of money in sports. Join us again. At 433 00:22:03,520 --> 00:22:05,439 Speaker 1: the end of the week. We're speaking with Jeffrey Pollock 434 00:22:05,520 --> 00:22:08,840 Speaker 1: and Oliver Luck, two of the big brands behind XFL. 435 00:22:09,400 --> 00:22:11,159 Speaker 1: At the end of the week, Oh, you're listening to 436 00:22:11,200 --> 00:22:13,920 Speaker 1: Bloomberg Business of Sports. I hope so. I'm Bloomberg Radio 437 00:22:14,000 --> 00:22:16,360 Speaker 1: around the world and online wherever you get your podcast.