WEBVTT - Leigh Steinberg Previews Super Bowl and QB Carousel

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<v Speaker 1>This is the Bloomberg Business of Sports show, where we

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<v Speaker 1>explore the big money issues in the world of sports.

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<v Speaker 1>I'm Scarlett Folk and Don Damien snass Hour. Michael Barr

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<v Speaker 1>is off for this week, which is too bad because

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<v Speaker 1>it's a big week for Well maybe that's why he's off, right. Well,

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<v Speaker 1>we finally reached the Super Bowl, right, I mean that's

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<v Speaker 1>where we are, Scarlett. I mean we've got Jalen Hurts

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<v Speaker 1>and the Eagles against Patrick Mahomes and the Chiefs. So

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<v Speaker 1>to get us ready for the big Game and for

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<v Speaker 1>all the upcoming off season headlines, we welcome to guests

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<v Speaker 1>who can take us behind the scenes of it all.

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<v Speaker 1>Lee Steinberg is founder and chairman of Steinberg Sports and Entertainment,

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<v Speaker 1>a firm that has guided literally the careers of hundreds

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<v Speaker 1>of athletes, broadcasters, coaches, and more, including, of course, representing

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<v Speaker 1>one of the biggest names in this year's Big Game,

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<v Speaker 1>that of Mr Patrick Mahomes himself. Snap to Mahomes pump

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<v Speaker 1>picking now moving to his left and angling wily run

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<v Speaker 1>at heywill at the far side of angle and stretches touched. Lee,

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<v Speaker 1>Welcome to the Bloomberg Business of Sports. So Lee last

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<v Speaker 1>year was the year of the wide receiver in NFL

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<v Speaker 1>free agency, but this year appears to be all about

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<v Speaker 1>the quarterback. So let's begin with Patrick Mahomes. You know

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<v Speaker 1>who you advised on his ten years FO dollar contract

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<v Speaker 1>extension back in which at the time, of course made

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<v Speaker 1>him the NFL's highest peed player. Talk to me about

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<v Speaker 1>Lamar Jackson, Aaron Rodgers, Gino Smith, Derek Carr, all the quarterbacks,

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<v Speaker 1>Jimmy Garoppolo, where the most likely landing spots and of

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<v Speaker 1>course who goes to the New York Jets. Well, I

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<v Speaker 1>think you need to start with it with the premise

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<v Speaker 1>that this has become a quarterback censer league, and never

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<v Speaker 1>has that position been so critical, and the game were

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<v Speaker 1>revolved around the concept of a franchise quarterback, and let's

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<v Speaker 1>define that is someone that you can build around for

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<v Speaker 1>tenada twelve years when because of rather than West and

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<v Speaker 1>most importantly in critical, the quarterback has own a couple interceptions,

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<v Speaker 1>the crowd is booing, the games, heating out of hand.

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<v Speaker 1>What does he do now? And he compartmentalized, adopt the

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<v Speaker 1>quiet mind and elevate his level of play to take

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<v Speaker 1>a team to and through victory. And so who goes

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<v Speaker 1>where well, the biggest prop we've ever seen a free

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<v Speaker 1>agent quarterbacks. Um, you've got Lamar Jackson, you have Geno Smith,

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<v Speaker 1>you have Aaron Rodgers making noise, you have Tom Brady

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<v Speaker 1>at least temporarily retired. Twenty pcent of players at the

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<v Speaker 1>end of every season are beat up with dragon, m exhausted,

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<v Speaker 1>and they talk about retirement. And then magically, as six

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<v Speaker 1>months go by in the offseason, the game starts to

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<v Speaker 1>beguile them again and uh, and they change their minds. Uh,

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<v Speaker 1>there's going to be musicful chairs in this off season, right.

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<v Speaker 1>The idea of not being in football is just unheard

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<v Speaker 1>of for for these guys who have spent their entire

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<v Speaker 1>lives preparing for this, uh, this moment in the game.

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<v Speaker 1>I'm curious to get your take on the era of

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<v Speaker 1>the mobile quarterback versus the traditional pocket passer. Uh. Tom

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<v Speaker 1>Brady kind of exemplifying the traditional pocket passer and your

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<v Speaker 1>client Patrick Mahomes as a mobile quarterback. There's deeper value,

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<v Speaker 1>you could argue for traditional pocket pasters because by definition,

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<v Speaker 1>their careers last longer, they're not as dependent on their bodies,

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<v Speaker 1>there's less wear and tear. Um. But I want to

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<v Speaker 1>get your take on whether it's this mobile quarterback moment

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<v Speaker 1>is simply kind of just in fashion for right now,

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<v Speaker 1>and um, it's going to give way to traditional pocket

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<v Speaker 1>pasters once again. I think that when you talk about Pastor,

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<v Speaker 1>he really is uh not a scrambling quarterback. He's say

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<v Speaker 1>of pocket quarterback with a shape ability. Where you look

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<v Speaker 1>at Lamar Jackson, that's a running quarterback. Go down to

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<v Speaker 1>let's today, guys. Here he goes Petunt pease name just

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<v Speaker 1>that hard poking behind. You can just say good touch

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<v Speaker 1>on is a lotfire. When you look at Arizona's quarterback,

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<v Speaker 1>that's a running quarterback. A good part of their game

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<v Speaker 1>is based on running quarterbacks like Petor basically play out

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<v Speaker 1>of the pocket. Um, but they have the ability uh

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<v Speaker 1>to get outside when need arises and they can anticipate

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<v Speaker 1>the rush. So um, he's sort of a fusion of

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<v Speaker 1>both sides. And I think that the problem with the

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<v Speaker 1>quarterbacks who rely on a heavy run is that defensive

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<v Speaker 1>players are so big and strong and fast that you

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<v Speaker 1>see those players that rely on scrambling get injured quite

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<v Speaker 1>a bit. Okay, this is really interesting, So give me

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<v Speaker 1>the argument for why the economics for why mobile quarterbacks

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<v Speaker 1>deserve to be paid more than given that they are

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<v Speaker 1>more likely to get injured and they're putting their bodies

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<v Speaker 1>more risk than the passers. I think that there's a

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<v Speaker 1>couple of ways to look at that. First of all,

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<v Speaker 1>they're not getting hurt UM going to club man, They're

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<v Speaker 1>not getting hurt, you know, UH when surfing. They're hitting

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<v Speaker 1>hurt doing what the team has asked them to do.

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<v Speaker 1>So it's not as if they're defining the game plan.

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<v Speaker 1>So the club is part of encouraging them in the

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<v Speaker 1>play that way, and so they should share the risks

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<v Speaker 1>of of the consequences of that way and UH and

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<v Speaker 1>be paid like everyone else. Now, the compensation level for

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<v Speaker 1>the franchise quarterback is now up about fifty million dollars

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<v Speaker 1>a year where Deshaun Watson is, and you're going to

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<v Speaker 1>see that continue to increase because every new quarterback is

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<v Speaker 1>UH is getting that. UM. I'm not sure what is

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<v Speaker 1>happening in the Lamar Jackson situation because generally you see

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<v Speaker 1>those quarterbacks compensation packages come together very smoothly and easily.

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<v Speaker 1>This is one situation where you've got a happy quarterback, UM,

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<v Speaker 1>happy to be in Baltimore. You have a team that's

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<v Speaker 1>happy to have him, and yet I think the rub

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<v Speaker 1>has been that the team is arguing that the Deshaun

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<v Speaker 1>Watson on tracked with guarantees for all fifty million hours

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<v Speaker 1>a year with aberration and uh, players are going into

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<v Speaker 1>the new standards well, Lee, I mean, you know, and

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<v Speaker 1>to our audience for those who are unaware. In addition

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<v Speaker 1>to representing Mr Patrick Mahons, Lee also represents to a

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<v Speaker 1>tagio viola for the Miami Dolphins, who earlier this season

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<v Speaker 1>obviously had uh, you know, flirted with concussion protocols right

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<v Speaker 1>quite a bit actually, And so you know, Lee, we

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<v Speaker 1>know you're a proponent of medical innovations. We know your

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<v Speaker 1>your work you've done on that part. But as we

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<v Speaker 1>get into the draft, you know, as we look ahead

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<v Speaker 1>here to um, you know, people like Bryce Young and

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<v Speaker 1>c J. Stroud, you know sort of rushing quarterbacks are

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<v Speaker 1>gonna be entering the NFL. You know what do we

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<v Speaker 1>tell them, you know what, what's in place, what sort

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<v Speaker 1>of protections are there to ensure that, you know, they

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<v Speaker 1>can have a long and viable career in the NFL.

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<v Speaker 1>We're actually having another Confession health Brains summit at my

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<v Speaker 1>Super Bowl uh party um, and it continues to be

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<v Speaker 1>uh the existential threat to football. Um. You've got bigger, stronger,

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<v Speaker 1>faster athletes. Uh. In the g force at the line

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<v Speaker 1>of scrimmage is much accentuated, and so it's a problem.

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<v Speaker 1>They have a better contestant protocol with people up in

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<v Speaker 1>the press box who are looking for players who appeared

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<v Speaker 1>to be impaired, and he had people on the sidelines.

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<v Speaker 1>They have stricter enforcement of blows to the head and neck.

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<v Speaker 1>They have better protection for the quarterback and other players

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<v Speaker 1>from helmet the helmet. Um, but it continues to be

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<v Speaker 1>a problem. Luckily, there are new brain treatments. One is

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<v Speaker 1>called r t m S. Another is Dr Tommy Shaver's

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<v Speaker 1>with his Necessary program that actually operate around the theory

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<v Speaker 1>of neural plasticity and can start to remediate uh and

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<v Speaker 1>touch sprain and make it better. So that's a good

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<v Speaker 1>movie that we start to have a solution and pursue

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<v Speaker 1>into that. Now that we're kind of going there, Bryce

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<v Speaker 1>young C J. Strout. You know NFL draft right around

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<v Speaker 1>the quarter lea, I mean, who do we think Chicago

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<v Speaker 1>takes at number one? Are they going to trade out

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<v Speaker 1>of that pick? Are they're gonna take an edge resser.

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<v Speaker 1>What are we thinking here? They have a pretty promising

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<v Speaker 1>quarterback and um so that's not their their needs. Um

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<v Speaker 1>so I'm guessing someone moves into that position and uh

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<v Speaker 1>and takes Price Young, who I think is u is

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<v Speaker 1>the top talent. And then she Jay Shroud Uh comes

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<v Speaker 1>next and those two quarterbacks look for me to be

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<v Speaker 1>inner near the top of the draft. And and then

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<v Speaker 1>you have position players sort of sewing it out. So

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<v Speaker 1>again if those quarterbacks are going to be pushed up

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<v Speaker 1>in position, but I think it's the Bright Young sweepstakes. Leo.

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<v Speaker 1>I'm curious how much business gets done during Super Bowl week?

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<v Speaker 1>How how much obviously you'll be meeting with your clients.

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<v Speaker 1>Are we speaking with representatives from front offices? But is

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<v Speaker 1>there a lot that can can you how much can

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<v Speaker 1>you lay the groundwork for the kinds of discussions that

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<v Speaker 1>need to be had later on after the super Bowl?

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<v Speaker 1>What what will you look to accomplish in this week?

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<v Speaker 1>We have a big super Bowl party and we give

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<v Speaker 1>you a man of touring the work. So the super

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<v Speaker 1>Bowl is now become a convention of Americanoma, big business,

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<v Speaker 1>big probl say speak sports, big entertainment. So first of all,

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<v Speaker 1>you have marketing and you want to anticipate which players

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<v Speaker 1>are going to jump out of the Super Bowl. So

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<v Speaker 1>it's not a surprise that there's some marketing bonanza and

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<v Speaker 1>so deals are laid uh in in that window. Second

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<v Speaker 1>of all, you have most general managers and owners there

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<v Speaker 1>and UH, so you can anticipate the the free agency

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<v Speaker 1>deals that will happen. You want to lead that process.

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<v Speaker 1>So if if there are free agents, UH, it's time

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<v Speaker 1>to be thinking about what the available UH teams are

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<v Speaker 1>for them. Um. There are franchise tags coming up and

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<v Speaker 1>UH and UH it's it's time for UH free agents

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<v Speaker 1>who we want to stay with teams to be unnegotiated.

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<v Speaker 1>And there's a window there, so everyone's going to be in. UH.

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<v Speaker 1>Everyone has been in UH in Phoenix this last week

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<v Speaker 1>and it will be quite a bit of business. Son, Scarlett,

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<v Speaker 1>you didn't get the invite to lee super Bowl party.

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<v Speaker 1>I did not. I'm waiting for it. Lee. Maybe people

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<v Speaker 1>we'll sets in pictures. Mail service has been slow, Yes,

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<v Speaker 1>that's a wild blame it on for sure. Well, Lee,

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<v Speaker 1>I mean that takes me I guess, you know, to

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<v Speaker 1>really just to work off of Scarlett was saying, and

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<v Speaker 1>so right now, I mean, obviously we've got the Super

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<v Speaker 1>Bowl coming up, But what what happens after that? Take

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<v Speaker 1>us through the calendar. You know, when can we expect

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<v Speaker 1>to see that first free agent quarterback come off the board?

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<v Speaker 1>You know, what are the big dates for you? What

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<v Speaker 1>are you looking at? Well, first of all, there's some

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<v Speaker 1>window here where free agents of still can negotiate with

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<v Speaker 1>their incumbent team. So between now and the week here

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<v Speaker 1>beginning in mid March, those deals can have to the

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<v Speaker 1>first thing they'll come up. The teams have the ability

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<v Speaker 1>to tag a h franchise player. They can do that

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<v Speaker 1>with one player. They'd rather not use that pick, they'd

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<v Speaker 1>rather keep it in reserve, always just a threat that

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<v Speaker 1>they can take one player off their roster and and

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<v Speaker 1>take him out of free agency. Then you've got the

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<v Speaker 1>scouting Combined coming at the end of February, so that's

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<v Speaker 1>the super Bowl of all scouting events, and free agency

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<v Speaker 1>will come in March, as will pro scouting days back

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<v Speaker 1>at the UH University or College of Players for scoutings

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<v Speaker 1>for rookies and draftees is in UH moving along very quickly.

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<v Speaker 1>Free agency starts at the very beginning of free agency.

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<v Speaker 1>That first week you will see the hottest creative come

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<v Speaker 1>off or very very quickly, and they will come off

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<v Speaker 1>the board in a way where in the first three

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<v Speaker 1>or four days the possest free agents will come off

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<v Speaker 1>and free agencies of process where B plus players get

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<v Speaker 1>a plus counting that and by that I mean the

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<v Speaker 1>fact that the through superstars in the league are preemptively

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<v Speaker 1>extended or signed before their contract ever comes up. So

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<v Speaker 1>they will be but those players who get the advantage

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<v Speaker 1>of the free market are are the only ones available

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<v Speaker 1>on teams get real competitive with each other. Well, many

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<v Speaker 1>of our chats dart on a board. Which quarterback goes

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<v Speaker 1>to the New York chats this year? You have to ask,

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<v Speaker 1>I had to ask, um, well, dam be umred? Could

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<v Speaker 1>it be the best looking boarder back? Uh? The San

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<v Speaker 1>Francisto for D nine or quarterback? Interesting? Um uh, who's

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<v Speaker 1>the best looking? I'm trying to give you a hint here. Yeah,

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<v Speaker 1>you know, it depends on started It started with the

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<v Speaker 1>Patris um back. Quarterback Tom Brady is not going to

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<v Speaker 1>go broadcasting right away. Maybe he'll come to New York

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<v Speaker 1>and I'm not a chance. Why would he do that

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<v Speaker 1>to himself. I don't know if he's done it before,

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<v Speaker 1>so it could always happen again. Lee, really appreciate your

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<v Speaker 1>joining us today my pleasure. Thank you so much. Lee

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<v Speaker 1>Steinberg is founder and chairman of Steinberg Sports and Entertainment.

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<v Speaker 1>This is the Bloomberg Business of Sports podcast. I'm Scarlett

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<v Speaker 1>Fool along with Damon Sassar. Be sure to catch us

0:15:55.320 --> 0:15:58.280
<v Speaker 1>here each and every Monday, Wednesday and Thursday, where we

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<v Speaker 1>discuss and dig into the world of money and sports.

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<v Speaker 1>I'm on Twitter at Scarlet Food and I'm on Twitter

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<v Speaker 1>at the You're listening to Bloomberg Business of Sports on

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<v Speaker 1>Bloomberg Radio around the world.