WEBVTT - Wednesday Scramble: LIV Golf Survives? FedEx Ships Out from PGA Tour 0:00:00.120 --> 0:00:04.120 Now, the shotgun starting golf is full of mathematics. There's 0:00:04.160 --> 0:00:06.680 a lot of setup work that we have to do 0:00:06.720 --> 0:00:10.000 in order to make a tournament work. So I'm going 0:00:10.039 --> 0:00:12.399 to demonstrate to you just exactly how we do a 0:00:12.440 --> 0:00:15.240 shotgun start here. 0:00:17.079 --> 0:00:21.960 Alright, alright, alright, did no man? 0:00:24.040 --> 0:00:25.599 Darn your. 0:00:40.880 --> 0:00:43.960 Gredians, and welcome to a little Wednesday scramble here reacting 0:00:44.000 --> 0:00:48.479 to some consequential I don't know if it's monumental consequential 0:00:48.600 --> 0:00:52.480 news in the Professional Golf World Live two point zero 0:00:52.560 --> 0:00:58.040 appears to be not full go, but have life and 0:00:58.440 --> 0:01:01.440 signs of life going forward. As Scott O'Neill holds a 0:01:01.440 --> 0:01:05.440 press conference from Trump Bedminster as they get ready for 0:01:05.920 --> 0:01:10.800 their event there this weekend, O'Neill announced that they have 0:01:10.920 --> 0:01:15.680 an investor signed. He did not say who it is, 0:01:16.080 --> 0:01:19.160 or what it is, how much it is, any real 0:01:19.200 --> 0:01:23.720 specifics about it, but that investor has signed on. There's 0:01:23.760 --> 0:01:28.280 a new model, Joseph here for five events in the US, 0:01:28.600 --> 0:01:33.039 five events internationally. Player equity will be a part of it. 0:01:33.200 --> 0:01:37.400 I think the players will essentially have a significant stake 0:01:37.560 --> 0:01:41.440 of the league. They already had some stake in the teams. 0:01:41.520 --> 0:01:44.120 How that all worked was sort of a subject of 0:01:44.160 --> 0:01:46.200 debate as the league took on all the losses and 0:01:46.240 --> 0:01:51.000 the team sort of operated with you know, without that 0:01:51.120 --> 0:01:54.520 without having that that that sort of weight around their neck. 0:01:55.520 --> 0:01:57.920 But the players will have now an equity stake in 0:01:57.960 --> 0:02:02.840 this league, should they choose to day or come aboard 0:02:04.160 --> 0:02:08.000 any reaction here with this quote major investor, they said 0:02:08.000 --> 0:02:09.600 it will close in September. 0:02:11.840 --> 0:02:13.800 Yeah, a lot of reactions. I mean, first off, it's 0:02:13.840 --> 0:02:16.359 it was important that this happened that for a Live 0:02:16.400 --> 0:02:19.760 to continue into the future, Like there's rumblings that there 0:02:19.800 --> 0:02:21.840 was some investor involved in that it could continue on 0:02:21.880 --> 0:02:24.280 in some fashion. But I think there were also some 0:02:24.480 --> 0:02:26.520 level of concern that, like, hey, that we might be 0:02:26.560 --> 0:02:29.480 watching the last couple live events yeah, over the next 0:02:29.480 --> 0:02:32.400 few weeks. So this does dispel that notion. And it 0:02:32.440 --> 0:02:35.080 sounds like, I mean, Scott O'Neil says that if this 0:02:35.120 --> 0:02:37.360 deal comes to fruition, there's going to be a league 0:02:37.400 --> 0:02:39.640 in twenty eight and twenty nine and twenty thirty, Like 0:02:39.680 --> 0:02:41.600 he made it sound like this is they are now 0:02:41.600 --> 0:02:44.080 secured for the long term future. I also feel like 0:02:44.080 --> 0:02:46.000 there's another side of this that's like, wait a minute, 0:02:47.160 --> 0:02:49.520 how is Live going to be a viable product next year. 0:02:49.560 --> 0:02:52.919 If it hasn't been a viable product these past few years, 0:02:52.960 --> 0:02:55.560 they're probably going to lose some talent and go to 0:02:55.600 --> 0:02:59.799 this smaller schedule like this. Who's investing? Like, what? What 0:02:59.840 --> 0:03:02.400 are are you investing in? Here? There's no real asset, 0:03:02.560 --> 0:03:05.239 But maybe we want to leave that discussion for another 0:03:05.320 --> 0:03:08.519 date and focus on the immediacy of the funding. What's 0:03:08.560 --> 0:03:09.040 your reaction. 0:03:11.720 --> 0:03:14.359 My reaction is not one necessarily of surprise. I think 0:03:14.400 --> 0:03:16.400 there's a lot of money out there in the world 0:03:16.440 --> 0:03:19.840 that looking to get into sports and whatever fashion they can. 0:03:21.800 --> 0:03:24.440 I think, you know, obviously this is the paired down 0:03:24.560 --> 0:03:27.880 version of Live or if it were to proceed, you know, 0:03:27.960 --> 0:03:30.239 an element of this announcement where that players will have 0:03:30.280 --> 0:03:33.799 their l NIL rights again and can play on other 0:03:33.840 --> 0:03:38.040 tours if eligible and invited. I don't see that just 0:03:38.040 --> 0:03:40.880 starting to open up for these players, certainly on the 0:03:40.920 --> 0:03:43.360 PGA Tour, which continues to dominate, and I'd like to 0:03:43.360 --> 0:03:45.000 talk a little bit more about the tour and their 0:03:45.000 --> 0:03:48.480 continued to roll out of whatever their future is. As 0:03:48.600 --> 0:03:52.760 FedEx might be out today in Memphis and maybe as 0:03:52.840 --> 0:03:59.040 the umbrella sponsor of a FedEx Cup but yeah, I'm 0:03:59.200 --> 0:04:02.480 curious about what it is that's going forward. I have 0:04:02.560 --> 0:04:06.360 a couple like seems like they probably won't retain all 0:04:06.400 --> 0:04:10.920 their talent. Some of their big guns may leave. What 0:04:11.640 --> 0:04:15.320 is the value of having inequity in this league? I 0:04:15.320 --> 0:04:20.279 think a plausible implication from all this, which is important 0:04:20.360 --> 0:04:23.680 to live, is that Bryson seems committed to some version 0:04:24.040 --> 0:04:27.080 of whatever's going seems I should say implausible. Want to 0:04:27.160 --> 0:04:31.440 hedge there, given that he led the player meeting on Tuesday, 0:04:34.040 --> 0:04:37.320 I'd say there's maybe a few hints in Scott O'Neill's 0:04:37.640 --> 0:04:41.039 press conference that he may be involved monetarily. You know, 0:04:41.560 --> 0:04:44.120 he said, you know, when asked about the piff. It's 0:04:44.120 --> 0:04:46.280 something that clearly this is a sponsor that cares about 0:04:46.279 --> 0:04:48.800 the game of golf, This unnamed sponsor. I don't know 0:04:48.839 --> 0:04:51.400 if he's a lead investor Bryson. You know, there was 0:04:51.480 --> 0:04:54.000 rumors that was two hundred and fifty million, not rumors, reports, 0:04:54.040 --> 0:04:56.880 I should say, from Mark Cannezzaro with the New York 0:04:56.880 --> 0:04:58.839 Post two hundred fifty million. I don't know that Bryson 0:04:58.839 --> 0:05:02.400 will put that up, but that a sponsor that cares 0:05:02.400 --> 0:05:04.400 about the game of golf. Appreciates the impact that we're 0:05:04.400 --> 0:05:07.600 having in terms of driving a younger audience into this game. 0:05:08.480 --> 0:05:10.279 I don't want to say that sounds like Bryson, but 0:05:10.320 --> 0:05:14.080 it feels like. And then they added the global nature, 0:05:14.160 --> 0:05:17.640 exploring all continents of the world and growing it globally, 0:05:17.720 --> 0:05:23.159 and stars descending on global markets. Sounds in line with 0:05:23.200 --> 0:05:26.000 what Bryson talks about. So I'd say that for me, 0:05:26.160 --> 0:05:28.919 seems like one of the more notable implications from some 0:05:29.000 --> 0:05:30.800 of this. Again we're reading between the lines because we 0:05:30.839 --> 0:05:33.560 have so few specifics, is that Bryson might stay on. 0:05:33.680 --> 0:05:36.360 That's been a question throughout the summer as he tried 0:05:36.360 --> 0:05:38.919 to negotiate first with the PIFF this year for a 0:05:38.960 --> 0:05:46.000 pretty massive contract, resign a new contract, and then you know, 0:05:46.080 --> 0:05:48.680 once PIFF left, of whether he would bail or how 0:05:48.680 --> 0:05:51.120 he would be involved and live. For me, that seems 0:05:51.160 --> 0:05:53.000 like a possible implication today. 0:05:53.480 --> 0:05:55.360 It's interesting. I actually didn't read it that way that 0:05:55.400 --> 0:05:56.920 Bryson might be the lead investor. 0:05:57.279 --> 0:05:59.080 I don't think he's I don't think he's putting two 0:05:59.120 --> 0:06:01.000 hundred and fifty million, but it seems like he could 0:06:01.000 --> 0:06:04.520 be involved based on leading team meetings and just the 0:06:04.560 --> 0:06:07.000 way he's I don't know that John Rahm is, I 0:06:07.000 --> 0:06:08.839 don't know that Terrel Hatton is, I don't know that 0:06:08.920 --> 0:06:10.599 some of the other stars are on board with this. 0:06:10.920 --> 0:06:15.840 Who knows. Yeah, as you're saying that, that's kind of 0:06:15.880 --> 0:06:17.279 where my head is going. This feels like it's going 0:06:17.360 --> 0:06:20.120 to be the Bryson Show, and regardless of what kind 0:06:20.160 --> 0:06:22.200 of investment he's going to put into it, that going 0:06:22.240 --> 0:06:25.160 forward next year it's like Bryson and I don't want 0:06:25.160 --> 0:06:27.240 to say a bunch of scrubs because there is still 0:06:27.279 --> 0:06:30.320 some talent on the roster, but they could lose some 0:06:30.400 --> 0:06:32.640 of their biggest names. It sounds like, and then you're 0:06:32.680 --> 0:06:37.719 looking at like Bryson and not the most recognizable names 0:06:37.760 --> 0:06:40.320 in the world, Like maybe you keep guys like a 0:06:40.440 --> 0:06:43.120 Lucas Herbert. I don't know exactly what his contract looks like, 0:06:43.200 --> 0:06:45.560 but some of the they go to the Australia and 0:06:45.600 --> 0:06:47.640 maybe you still have Cam Smith who shows up in 0:06:47.680 --> 0:06:50.640 Australia with this paired down schedule. But it kind of 0:06:50.640 --> 0:06:53.200 sounds to me like it's Bryson as the main attraction 0:06:53.320 --> 0:06:56.280 and then losing some of the biggest stars and that's 0:06:56.279 --> 0:06:58.360 what we see going forward. That's in doing a lot 0:06:58.400 --> 0:07:00.240 of reading between the lines, but it seems like we 0:07:00.320 --> 0:07:01.280 might be headed that direction. 0:07:01.880 --> 0:07:03.760 Yeah, And I don't know what the status is of 0:07:03.800 --> 0:07:06.480 their rights deal. Right, they had fourteen events, now they 0:07:06.480 --> 0:07:10.640 have ten? Is this like a Bryson YouTube circuit like quit? 0:07:11.120 --> 0:07:11.400 You know? 0:07:11.560 --> 0:07:13.040 Is it more akin to that. I'm not going to 0:07:13.120 --> 0:07:15.720 say it's purely that, but its shades more like that 0:07:15.880 --> 0:07:19.840 than a tour Like is this just a and a 0:07:19.920 --> 0:07:21.440 worldwide events business? 0:07:21.840 --> 0:07:22.040 Right? 0:07:22.160 --> 0:07:27.120 Like concert series with golf? I'm not sure. Right, they 0:07:27.800 --> 0:07:31.200 seems like they don't have enough events for OWGR, Like 0:07:31.320 --> 0:07:33.920 that's going to be a whole kind of another review 0:07:33.960 --> 0:07:35.360 that's going to have to happen here at the end 0:07:35.400 --> 0:07:40.800 of the year. I think, like a somewhat hat tip 0:07:40.880 --> 0:07:44.920 to Scott O'Neill for pulling something out of the hat here. 0:07:45.040 --> 0:07:48.880 Maybe I guess we'll have more details in September. Is 0:07:48.920 --> 0:07:51.080 still you know, a little bit away as they try 0:07:51.080 --> 0:07:54.320 to finalize it, but he says it's signed, something signed. 0:07:56.320 --> 0:08:01.040 I just don't know, like how long terms sustainable this is. 0:08:01.120 --> 0:08:04.480 It seems like they'll have ten events in twenty twenty seven. 0:08:05.240 --> 0:08:07.640 Will they have OWGR points, Will it have some of 0:08:07.680 --> 0:08:10.400 the stars that are on it right now or lead 0:08:10.480 --> 0:08:14.080 players that are on it right now. The purse is 0:08:14.120 --> 0:08:16.920 This is a Sean Zach note in his report on 0:08:17.000 --> 0:08:20.040 golf dot com. The amount of money on offer will 0:08:20.040 --> 0:08:22.480 also change. The expectation is that lives thirty million dollars 0:08:22.480 --> 0:08:24.720 persons will shrink to less than twenty million, and perhaps 0:08:24.800 --> 0:08:27.880 even beneath fifteen million as it looks to streamline its 0:08:27.880 --> 0:08:31.120 available capital entering its next season. I'll add that there 0:08:31.200 --> 0:08:33.520 was not a lot of specifics on whether Michigan's happening 0:08:33.760 --> 0:08:37.600 when you talk about streamlining and saving capital Michigan this year. 0:08:37.640 --> 0:08:40.240 It seems like they're gonna do New Jersey in indye 0:08:40.360 --> 0:08:42.480 and then like figure out what money they got and 0:08:42.520 --> 0:08:48.560 go with this plan. Yeah, so you do you buy? 0:08:48.600 --> 0:08:52.160 That is more of like a an informal sort of 0:08:52.480 --> 0:08:54.720 like events worldwide events circuit. 0:08:55.920 --> 0:08:58.120 It seems like they're just gonna do whatever they can 0:08:58.200 --> 0:09:00.840 do to keep the lights on and experiment with what 0:09:00.880 --> 0:09:04.560 works next year. The report from ESPN Mark Chlebeck said 0:09:04.559 --> 0:09:08.000 ten events in twenty twenty seven, five international ones like 0:09:08.160 --> 0:09:12.280 the Australia, South Africa, England, Hong Kong and Mexico, and 0:09:12.320 --> 0:09:14.240 then I in the United States. 0:09:14.240 --> 0:09:16.280 I thought clod was out. I figured they would stay 0:09:16.280 --> 0:09:18.160 in Spain Valderrama and do that. 0:09:18.400 --> 0:09:22.599 But well, John Ram's future might dictate whether or not 0:09:22.679 --> 0:09:28.559 how badly they want to go to Spain. Yeah, fireballs 0:09:28.600 --> 0:09:32.640 though part of this, And I know the OWGR is 0:09:32.679 --> 0:09:35.199 maybe not the most interesting implication, but like when Live 0:09:35.280 --> 0:09:39.120 started and everyone was saying, hey, the owgr's job is 0:09:39.160 --> 0:09:41.400 to rank the best players in the world, like they 0:09:41.480 --> 0:09:43.600 need to rank they need to find a way to 0:09:43.679 --> 0:09:46.720 rank these live events. Part of the counter to that 0:09:47.000 --> 0:09:50.080 was like, actually, like you need to abide by certain 0:09:50.160 --> 0:09:52.760 rules so that there's some stability and so that we 0:09:52.800 --> 0:09:55.880 can rank this accurately. And now we're actually we're seeing 0:09:55.920 --> 0:09:59.160 exactly why because if this thing gets all uprooted next 0:09:59.200 --> 0:10:02.199 year and it's way hard, way fewer events, way harder 0:10:02.200 --> 0:10:05.120 to compare apples to oranges, basically, and you know how 0:10:05.200 --> 0:10:08.120 much overlap there is amongst the tours, Like, yeah, there 0:10:08.160 --> 0:10:11.760 are OWGR implications, and that does matter because as I'm 0:10:11.760 --> 0:10:14.520 sure you're you wanted to get into a little bit 0:10:14.520 --> 0:10:16.840 like how do you recruit people to Live? What is 0:10:16.840 --> 0:10:20.840 the selling point? Now to guys, they might be back 0:10:20.840 --> 0:10:22.600 in the same position where it's like, Okay, you're not 0:10:22.600 --> 0:10:26.559 going to get wowgr points. I guess the selling point 0:10:26.600 --> 0:10:28.880 is they're pretty big purses and it's a small schedule 0:10:28.920 --> 0:10:29.960 and you can play other golf. 0:10:30.240 --> 0:10:30.480 Yeah. 0:10:30.520 --> 0:10:32.520 I think, you know, it sounds like the American the 0:10:32.520 --> 0:10:35.600 five US events are going to be pinned around the Major, 0:10:35.800 --> 0:10:39.920 so there's some sort of schedule convenience or continuity. I 0:10:39.960 --> 0:10:43.640 would say, you know, there's a recruiting pitch. Who it's 0:10:43.679 --> 0:10:46.800 for is a separate It's a separate issue. You're going 0:10:46.880 --> 0:10:50.880 for like probably the mid tier, mid tier DP World 0:10:50.960 --> 0:10:54.520 Tour player, right if they can remain keep eligibility, Like 0:10:55.480 --> 0:10:58.760 DP World Tour doesn't have fifty million dollar purses very often, 0:10:58.840 --> 0:11:01.800 if ever, Right, And so if I could just go 0:11:01.880 --> 0:11:07.679 play this sort of traveling circus circuit for you know, 0:11:07.760 --> 0:11:10.800 eight eight weeks a year, ten weeks, I think that's 0:11:10.840 --> 0:11:14.120 the recruiting pitch. There's dude, there's a lot of golf 0:11:14.160 --> 0:11:18.080 tours out there, and this is something I kind of 0:11:18.080 --> 0:11:19.600 want to get into in a little bit with with 0:11:20.200 --> 0:11:24.720 the tour looking for umbrella sponsors for the Challenger series 0:11:24.840 --> 0:11:27.960 and a proud partner model they want to institute for 0:11:29.160 --> 0:11:32.160 the opposite field events is what I'll call them, that 0:11:32.200 --> 0:11:34.520 are not even on network TV. They want to bring 0:11:34.559 --> 0:11:37.000 the players championship model for Like what are they who 0:11:37.000 --> 0:11:40.440 are they selling that to? I feel like there's a 0:11:40.440 --> 0:11:44.240 lot of golfers willing to play for any amount of 0:11:44.280 --> 0:11:48.040 money and on any kind of circuit that they will 0:11:48.080 --> 0:11:52.320 have recruits for it. It's just, you know, is is 0:11:52.320 --> 0:11:55.720 it just Bryson some guys and how and how? What's 0:11:55.760 --> 0:11:56.880 the business pitch there? 0:11:57.679 --> 0:12:00.760 Right? And I'm imagining you're still going to be suspended 0:12:00.800 --> 0:12:03.000 from the tour if you play right. 0:12:03.080 --> 0:12:05.280 It feels like the DP World Tour, though they've sorted 0:12:05.280 --> 0:12:07.960 out that. As long as you, you know, sort out 0:12:08.040 --> 0:12:12.960 that kind of coexistence, I would say anything else on 0:12:13.000 --> 0:12:14.960 the like news of that, there's not a lot of 0:12:15.000 --> 0:12:19.440 hard news besides five International, five domestic. It says, it 0:12:19.520 --> 0:12:23.400 says this is a lead investor with there are he 0:12:23.480 --> 0:12:28.000 added multiple dozens more a dozen additional parties to potentially 0:12:28.000 --> 0:12:31.640 serve as minority investors, creating a multi partner model built 0:12:31.640 --> 0:12:35.440 for long term stability and growth. A dozen additional parties, 0:12:35.960 --> 0:12:39.840 some player equity, any other hard details you think I'm missing? 0:12:39.880 --> 0:12:41.480 Scott O'Neil talked for a bit there. I know you 0:12:41.480 --> 0:12:43.199 were amused by some of his comments. 0:12:43.679 --> 0:12:45.400 Yeah, I was. I mean, as a Sixers guy, I 0:12:45.400 --> 0:12:49.080 was disappointed nobody asked the Lebron question, but uh, I 0:12:49.120 --> 0:12:51.760 think it actually was substantive that that. At the end 0:12:51.760 --> 0:12:56.240 of the press conference, somebody asked if they if Scott 0:12:56.280 --> 0:12:59.400 feels like the new investor commitment will allow him to 0:12:59.480 --> 0:13:02.040 keep in a forward stars the likes of Bryson and 0:13:02.120 --> 0:13:05.959 John Ram going forward, and Scott O'Neill responds with this, 0:13:06.120 --> 0:13:10.680 like pretty long winding story about baseball and how a 0:13:10.720 --> 0:13:14.280 guy he knew at Turner Sports talked about the aging 0:13:14.320 --> 0:13:17.200 demographic of people who watch baseball and that they needed 0:13:17.240 --> 0:13:19.880 to evolve the game. And now there's a pitch clock 0:13:20.600 --> 0:13:22.760 and he's like, so, did that answer your question? The 0:13:22.840 --> 0:13:27.160 reporters like not, basically like no, what about keeping Bryson 0:13:27.200 --> 0:13:30.600 and John Yeah. Scott kind of goes on to say 0:13:30.640 --> 0:13:32.200 that he is all the time in the world for 0:13:32.240 --> 0:13:35.240 those two, but like, how you define a star is 0:13:35.640 --> 0:13:38.280 not as straightforward as that. I think what he was 0:13:38.320 --> 0:13:40.360 getting at is that he may not be able to 0:13:40.400 --> 0:13:43.160 retain all the stars. You and I reading between the lines, 0:13:43.200 --> 0:13:47.199 it sounds like Bryson is probably staying based on him 0:13:47.200 --> 0:13:50.400 again leading the player only meeting on Tuesday and seeming 0:13:50.440 --> 0:13:53.439 to be kind of committed to this. But I am 0:13:53.440 --> 0:13:55.160 reading this as John ram is a goner. 0:13:57.040 --> 0:14:00.640 Yeah, just to add the definition of star cackled a 0:14:00.679 --> 0:14:03.199 little bit with this quote, we've been blessed with stars. 0:14:03.760 --> 0:14:08.320 I define it a little bit differently. So okay, just 0:14:09.240 --> 0:14:12.040 let's define our own world here. I define it a 0:14:12.080 --> 0:14:14.480 little bit differently. And for those of you who have 0:14:14.559 --> 0:14:17.160 had the privilege and pleasure to travel us around the world, 0:14:17.520 --> 0:14:19.760 you see, you get to see it. But I don't 0:14:19.760 --> 0:14:22.400 think there was any bigger star on the planet in 0:14:22.440 --> 0:14:24.160 South Africa than Dean Burmus. 0:14:24.360 --> 0:14:25.160 I loved that. 0:14:25.480 --> 0:14:26.880 And I don't think there was any bigger star on 0:14:26.920 --> 0:14:30.280 the planet than Cam Smith when we were in Australia. 0:14:30.360 --> 0:14:34.280 That is demonstrably false, Like he was maybe the biggest 0:14:34.640 --> 0:14:39.480 star in that fifteen mile radius or one hundred mile radius, 0:14:39.520 --> 0:14:44.040 but that's not that's You can define it however you want, 0:14:44.120 --> 0:14:48.360 but that's not true. I think those events were successful 0:14:48.400 --> 0:14:53.240 and popular, but again that's just a preposterous sort of 0:14:53.920 --> 0:14:55.520 deflection and non sequitor. 0:14:56.920 --> 0:14:58.840 I don't think there's any bigger star at Myrtle beach 0:14:58.960 --> 0:15:01.000 than brand Snedecker earlier this year. 0:15:03.040 --> 0:15:07.240 That all right, that's not a fair that's not a 0:15:07.280 --> 0:15:11.520 fair sort of comparison to what he's saying. I get 0:15:11.560 --> 0:15:14.040 what he's saying, but to include the whole planet. There 0:15:14.120 --> 0:15:19.240 is not a realistic definition of star. So there's some 0:15:19.320 --> 0:15:22.880 Michie shout out at Sam Hinky about optionality, wanting to 0:15:22.960 --> 0:15:26.200 keep optionality open and trust the process was not cited. 0:15:26.240 --> 0:15:29.480 I don't believe, but that might be what he's telling 0:15:29.520 --> 0:15:35.760 his players now. Honestly, it feels like we'll see it's 0:15:35.840 --> 0:15:38.040 very early. It feels like more of an exhibition for 0:15:39.840 --> 0:15:43.400 guys who are semi retired on the way out can 0:15:43.400 --> 0:15:47.120 play for some cash, you know, maybe some fringe deep 0:15:47.280 --> 0:15:50.480 world tour players up and comers. Bryson like, that's that's 0:15:50.520 --> 0:15:53.160 how I read it right now, Well, all these teams 0:15:53.200 --> 0:15:57.960 still exist, all you know, thirteen teams probably not, Maybe 0:15:58.000 --> 0:16:03.000 they exist, but with very different rosters. Yeah, it seems 0:16:03.000 --> 0:16:04.760 like there's gonna be a half team competent, you know, 0:16:04.840 --> 0:16:09.520 team championship focus with some individual focus. It just it 0:16:09.560 --> 0:16:12.320 feels shading more towards an exhibition's who's gonna be the 0:16:12.360 --> 0:16:14.120 rights holder? I don't know. 0:16:14.720 --> 0:16:16.680 I think if you're really the one part I guess 0:16:16.680 --> 0:16:19.680 we haven't really touched on specifically. If you're an ambitious 0:16:20.400 --> 0:16:26.200 young golfer who's currently underlive contract, whether that's Elvis Smiley, 0:16:26.360 --> 0:16:30.400 that's a biased stare David Pooge, Like, these guys have 0:16:30.480 --> 0:16:33.720 to they should do whatever they want, But you got 0:16:33.720 --> 0:16:36.240 to imagine they're trying to get out of their contract 0:16:36.560 --> 0:16:38.880 in somewhere that they can play competitively. Because if it's 0:16:38.960 --> 0:16:40.800 let's say you're David Pooge, I think he's twenty four. 0:16:42.160 --> 0:16:45.640 If he plays for another year, and sure there's nice perses, 0:16:45.640 --> 0:16:49.240 but if he's suspended from the PGA Tour for another 0:16:49.320 --> 0:16:51.160 year at the end of that, like it's good. He 0:16:51.240 --> 0:16:53.720 needs to eventually take some steps to get to the 0:16:53.760 --> 0:16:58.480 most competitive tournaments and have access to majors. And if 0:16:58.480 --> 0:17:02.440 it's a ten of schedule, that's not getting OWGR points, 0:17:02.480 --> 0:17:04.280 but you can also play DP World Tour, Like that's 0:17:04.320 --> 0:17:07.080 not a very competitive schedule for somebody who's twenty three 0:17:07.119 --> 0:17:09.359 to twenty five years old and looking to advance their career. 0:17:09.440 --> 0:17:11.000 So I got to imagine some of those guys are 0:17:11.000 --> 0:17:13.000 making phone calls to try to get out of their contract. 0:17:14.320 --> 0:17:19.000 What would presume there's no guaranteed money here, maybe you 0:17:19.040 --> 0:17:21.280 get a cut of equity, Like this isn't the whole thing, 0:17:21.320 --> 0:17:23.320 where Like if you signed like Tom mckibbon a couple 0:17:23.320 --> 0:17:26.520 of years ago signed up and got whatever. Michael Losasso 0:17:26.640 --> 0:17:30.760 even this offseason got however, many millions of dollars. Presumably 0:17:30.800 --> 0:17:34.480 that kind of capital unless for a few maybe one 0:17:34.520 --> 0:17:36.879 to two guys, is not going to be there. And 0:17:37.560 --> 0:17:41.120 but that's a presumption I'm making clearly, Like this could 0:17:41.119 --> 0:17:44.000 be a billionaire who's willing to just go for it, 0:17:44.160 --> 0:17:47.359 and I don't know what he's going for, but could 0:17:47.920 --> 0:17:52.119 have some amount of capital and pockets. Be interesting to 0:17:52.119 --> 0:17:56.280 see how that if there's any streams crossing with the 0:17:56.440 --> 0:17:59.159 SSG and all the people behind that, who this person 0:18:00.040 --> 0:18:04.000 who's behind all this lead investor that Mark kenz Are reported. 0:18:05.119 --> 0:18:07.480 The other thing was earlier in the week, Flushing It 0:18:08.119 --> 0:18:10.960 had put out a post about how John Rahm's contract 0:18:11.040 --> 0:18:15.600 is is backloaded. Reportedly right very interested in how some 0:18:15.640 --> 0:18:17.840 of those details shake out of what John ram is 0:18:17.880 --> 0:18:19.960 still owed by Live, how that works if he does 0:18:20.040 --> 0:18:22.880 leave that that is a huge undercurrent of a. 0:18:22.800 --> 0:18:25.560 Lot of this right and is he committed to that 0:18:25.600 --> 0:18:28.000 contract sole on his live exists even if it's a 0:18:28.000 --> 0:18:30.639 live two point zero and they can pay the contract? 0:18:30.680 --> 0:18:32.800 Do they want to pay given how much capital they 0:18:32.880 --> 0:18:36.080 have now versus what they you know, that's that's sort 0:18:36.080 --> 0:18:39.600 of an Then he's on this sort of maybe he's 0:18:39.600 --> 0:18:42.359 committed if they're paying him to this this kind of 0:18:42.880 --> 0:18:47.120 hollowed out sunking half sunken ship or exhibition series. 0:18:48.800 --> 0:18:51.560 Yeah, did he want them to find funding like that? 0:18:51.560 --> 0:18:53.879 That was one of my main questions this morning, Like 0:18:54.480 --> 0:18:57.880 rom probably didn't. 0:18:58.400 --> 0:19:02.439 I should probably like say this for podcasts, but like 0:19:02.520 --> 0:19:04.040 one thing for to day. I started my day of 0:19:04.080 --> 0:19:06.760 reading about all the FedEx stuff and the tour looking 0:19:06.840 --> 0:19:10.280 for they're going to put umbrella sponsors on top of 0:19:10.320 --> 0:19:11.440 the Challenger series. 0:19:11.720 --> 0:19:13.000 What was that? Do you want to tell? You want 0:19:13.040 --> 0:19:13.560 to explain? 0:19:13.600 --> 0:19:16.680 Okay, FedEx is out, FedEx Saint Jude Memphis is out 0:19:16.760 --> 0:19:19.480 as a as an elevated significant event. 0:19:19.600 --> 0:19:20.040 It's out. 0:19:21.720 --> 0:19:25.480 Also FedEx might be out as an umbrella sponsor of 0:19:25.520 --> 0:19:29.040 the tour. This follows the stuff yesterday from David Ramsey 0:19:29.040 --> 0:19:31.240 and other on front of that. That's from Josh Carpenter. 0:19:31.280 --> 0:19:34.359 I believe, uh, yesterday from David Rumsey front Off of 0:19:34.440 --> 0:19:38.359 Sports about how you know they're looking for ten million 0:19:38.400 --> 0:19:43.520 for these Challenger Series event I I I'm kind of 0:19:43.560 --> 0:19:47.880 in the same spot I was. It's just come back 0:19:47.920 --> 0:19:50.520 around to being like sort of turned off by all 0:19:50.560 --> 0:19:53.520 the money talk, and we're just moving and changing. I 0:19:53.560 --> 0:19:57.720 admire the tour. I think seems to be prioritizing product. 0:19:57.840 --> 0:20:01.960 If I would say that that's a takeaway, I'm taking 0:20:02.000 --> 0:20:06.000 Memphis out of this all important place on the tour schedule. 0:20:06.000 --> 0:20:07.800 That seems to be a commitment to like, hey, we're 0:20:07.800 --> 0:20:09.840 not gonna let FedEx put their thumb on the scale 0:20:09.840 --> 0:20:12.040 and make TPC South win the super Bowl or a 0:20:12.040 --> 0:20:16.280 significant event. And we've kind of called for that for years. 0:20:16.359 --> 0:20:19.320 I haven't done this forever, but long enough to remember 0:20:19.320 --> 0:20:22.159 when that was no offense, like one of the probably 0:20:22.160 --> 0:20:23.760 the worst event on the one of the worst events 0:20:23.800 --> 0:20:25.640 of the PGA Tours a week before the US Open. 0:20:25.800 --> 0:20:26.120 It was. 0:20:26.240 --> 0:20:30.160 It was not very good ten years ago, eight years 0:20:30.160 --> 0:20:35.040 ago has history, certainly, but then it became this pretty 0:20:35.080 --> 0:20:38.600 significant took Firestone off and became this pretty significant PGA 0:20:38.720 --> 0:20:44.280 Tour event. I don't know, ever since we created the 0:20:45.000 --> 0:20:48.520 elevated series or designate events. Ever since Live came into 0:20:48.520 --> 0:20:51.879 our existence, my constant question has been, are the majors 0:20:51.880 --> 0:20:55.440 still the majors? Cool, let's go. We'll just keep going 0:20:55.480 --> 0:20:58.000 ahead with what I really care about, what really actually 0:20:58.040 --> 0:21:00.480 matters in golf. And you guys can care your new 0:21:00.520 --> 0:21:03.800 series and create your new sponsors and create, you know, 0:21:03.960 --> 0:21:06.480 find your new funding to make Live two point zero go. 0:21:07.119 --> 0:21:09.360 And like, if the majors are still the majors, they 0:21:09.400 --> 0:21:14.760 continue to stand out and separate themselves. And that's what 0:21:14.800 --> 0:21:17.320 I got. I got a little exhaustion from reading every 0:21:17.359 --> 0:21:21.120 day about the new PGA Tour future. Doesn't mean I'm 0:21:21.160 --> 0:21:25.400 not excited about, you know, maybe some new new ways 0:21:25.440 --> 0:21:29.600 of thinking going on down there. But if the majors 0:21:29.600 --> 0:21:32.760 are still the majors, they will continue to stand out 0:21:32.760 --> 0:21:37.720 as everybody else shuffles, shuffle stack chairs in some instances, 0:21:37.800 --> 0:21:41.240 on sinking chips or tries to build a new ship 0:21:41.320 --> 0:21:44.040 all together. In the PGA Tours instance. Is that a 0:21:44.080 --> 0:21:46.680 fair sort of personal stance to take? 0:21:48.080 --> 0:21:51.160 I think the saying are the majors still the majors? 0:21:52.240 --> 0:21:53.880 That's what I'm going to care about, is a fair 0:21:54.000 --> 0:21:55.720