1 00:00:00,640 --> 00:00:02,920 Speaker 1: This is the Bloomberg Business of Sports show, but we 2 00:00:03,080 --> 00:00:05,760 Speaker 1: explore the big money issues in the world of sports. 3 00:00:06,000 --> 00:00:08,959 Speaker 1: Michael Baron and I'm Mike Lynch Scarlett, who's off today, 4 00:00:09,360 --> 00:00:12,319 Speaker 1: and we have topics to talk about. And let's start 5 00:00:12,360 --> 00:00:19,640 Speaker 1: with Calvin Ridley. Oh my, um let's fifteen dollar bet 6 00:00:19,680 --> 00:00:23,680 Speaker 1: cost him eleven million dollars. Uh. He got suspended by 7 00:00:23,720 --> 00:00:28,520 Speaker 1: the league for a year, eleven million his salary. Calvin Ridley, 8 00:00:29,160 --> 00:00:34,640 Speaker 1: Atlanta Falcons star. Uh made a bet and Uh, you 9 00:00:34,720 --> 00:00:39,720 Speaker 1: can't do it, Uh, especially when you're talking about your 10 00:00:39,760 --> 00:00:45,600 Speaker 1: own sport. So he was betting on football games. But boy, 11 00:00:45,720 --> 00:00:49,519 Speaker 1: I guess Lynch, he is a year too severe. No, 12 00:00:49,640 --> 00:00:51,960 Speaker 1: I don't think so. This was a question of if 13 00:00:52,000 --> 00:00:55,680 Speaker 1: not when this would happen. This precedent set for this 14 00:00:55,960 --> 00:01:00,000 Speaker 1: back with Paul Horning and Alex Carrison the Detroit Lions 15 00:01:00,200 --> 00:01:03,840 Speaker 1: years and years ago. Um Joe Namath was actually forced 16 00:01:03,880 --> 00:01:06,759 Speaker 1: to give up his ownership in Bachelor's Three restaurants because 17 00:01:06,800 --> 00:01:10,520 Speaker 1: they were reputed gamblers hanging around in the restaurant. But 18 00:01:10,600 --> 00:01:13,560 Speaker 1: now that the the the line is blurred and is 19 00:01:13,560 --> 00:01:18,160 Speaker 1: actually a union between the National Football League and legalized gambling. Uh, 20 00:01:18,160 --> 00:01:21,560 Speaker 1: it makes it more accessible now. Calvin Ridley obviously, uh 21 00:01:21,680 --> 00:01:24,120 Speaker 1: doesn't need the money. He makes eleven million dollars a year. 22 00:01:24,640 --> 00:01:27,319 Speaker 1: But I read an interesting quote from a professor Declan 23 00:01:27,440 --> 00:01:30,280 Speaker 1: Hill from the University of New Haven who's a professor 24 00:01:30,319 --> 00:01:33,039 Speaker 1: and expert on sports betting. He said that all the 25 00:01:33,080 --> 00:01:38,640 Speaker 1: addiction counselors that deal with professional athletes always were dealing 26 00:01:38,680 --> 00:01:41,560 Speaker 1: with alcohol and drug issues, but in the last five 27 00:01:41,640 --> 00:01:45,680 Speaker 1: to ten years, this shift has turned towards gambling and 28 00:01:45,840 --> 00:01:49,360 Speaker 1: gaming addiction with professional athletes, and I think that might 29 00:01:49,360 --> 00:01:52,640 Speaker 1: be the route behind this. With Calvin Ridley now Jets 30 00:01:52,680 --> 00:01:57,360 Speaker 1: defensive end John Franklin Myers, Uh, he disagrees. He thinks 31 00:01:57,400 --> 00:02:02,800 Speaker 1: that the punishment went way too far. Um. He his 32 00:02:03,040 --> 00:02:06,000 Speaker 1: quote is no way Calvin Ridley should be suspended a 33 00:02:06,120 --> 00:02:09,280 Speaker 1: year for that. The NFL is dead wrong for that 34 00:02:09,400 --> 00:02:12,920 Speaker 1: harsh of a penalty. And I guess I want to 35 00:02:12,919 --> 00:02:15,000 Speaker 1: bring up Pete Rose because he's not in the Hall 36 00:02:15,040 --> 00:02:19,560 Speaker 1: of Fame because he bet on baseball, and that this 37 00:02:19,600 --> 00:02:24,200 Speaker 1: has been forever for Pete Rose. Uh, this is this 38 00:02:24,240 --> 00:02:26,560 Speaker 1: is going to be an issue. Uh, Like you said, 39 00:02:26,919 --> 00:02:30,160 Speaker 1: uh down the road, And I just wondered, now with 40 00:02:30,280 --> 00:02:34,240 Speaker 1: college athletes and pro athletes. How much trouble we're going 41 00:02:34,280 --> 00:02:36,640 Speaker 1: to run into. Well, the tetation will be great. The 42 00:02:36,680 --> 00:02:39,200 Speaker 1: lower you go in the on the on the totem 43 00:02:39,200 --> 00:02:42,440 Speaker 1: pole in terms of professional, college, high school, etcetera, the 44 00:02:42,480 --> 00:02:45,399 Speaker 1: more tempting it will be. Because they don't have salaries 45 00:02:45,400 --> 00:02:48,320 Speaker 1: of eleven billion dollars. But this is this addiction thing 46 00:02:48,360 --> 00:02:50,680 Speaker 1: and he just couldn't help himself. Maybe that fifteen hundred 47 00:02:50,680 --> 00:02:54,560 Speaker 1: dollars and a total of three different occasions. Um, it's 48 00:02:54,639 --> 00:02:57,920 Speaker 1: it's the integrity of the game. Um. I thought it 49 00:02:57,960 --> 00:03:01,600 Speaker 1: was rather hypocritical of Roger Adele to say, uh, and 50 00:03:01,639 --> 00:03:04,440 Speaker 1: we're convinced he had no inside information. He's a member 51 00:03:04,480 --> 00:03:06,320 Speaker 1: of the Atlanta Falcons, even though he was out on 52 00:03:06,400 --> 00:03:08,560 Speaker 1: a on a leave of absence to deal with mental 53 00:03:08,600 --> 00:03:11,359 Speaker 1: health issues. Of course he has inside information. I mean, 54 00:03:11,360 --> 00:03:14,360 Speaker 1: this is a league that gave a franchise to Las Vegas, Uh, 55 00:03:14,919 --> 00:03:17,280 Speaker 1: the Raiders franchise. This is a league that has a 56 00:03:17,360 --> 00:03:21,600 Speaker 1: union and partnership with all kinds of draft platforms. Um, 57 00:03:21,639 --> 00:03:23,600 Speaker 1: you know, come on, I mean this is you know, 58 00:03:23,680 --> 00:03:26,079 Speaker 1: you gotta expect that this was gonna happen. I think 59 00:03:26,120 --> 00:03:28,200 Speaker 1: a year is fair. I think it sells that a clear, 60 00:03:28,520 --> 00:03:31,360 Speaker 1: clear warning that's gonna rattle a few people and scare 61 00:03:31,360 --> 00:03:34,160 Speaker 1: a few people. As Bill Parcels once said, fear is 62 00:03:34,200 --> 00:03:38,920 Speaker 1: a great motivator. Yeah. Yeah, that's that's why back in 63 00:03:38,960 --> 00:03:41,120 Speaker 1: the day, we used to get spankings when you were 64 00:03:41,160 --> 00:03:44,200 Speaker 1: a kid. You can't do it now, But I mean, boy, 65 00:03:44,240 --> 00:03:47,920 Speaker 1: I feared the spanking, and uh that kept me in line. 66 00:03:48,480 --> 00:03:51,040 Speaker 1: I tell you someone who's not worried about money. Yeah. 67 00:03:51,360 --> 00:03:56,160 Speaker 1: Aaron Rodgers, Oh my goodness, gracious. Uh, it looks like 68 00:03:56,320 --> 00:03:59,560 Speaker 1: thirty eight year old will stay with the Packers, as 69 00:03:59,600 --> 00:04:02,840 Speaker 1: he tweeted, Yes, I will be playing for the Packers 70 00:04:02,920 --> 00:04:05,560 Speaker 1: next year. And I guess you are if you get 71 00:04:05,600 --> 00:04:09,960 Speaker 1: a four year contract for two hundred million dollars and 72 00:04:10,080 --> 00:04:14,440 Speaker 1: a hundred fifty three million of that is guaranteed. Lensie. Yeah, 73 00:04:14,480 --> 00:04:17,080 Speaker 1: he got his way. He mended his rift between the 74 00:04:17,120 --> 00:04:19,920 Speaker 1: Packers and himself. Uh. He won back to back m 75 00:04:20,000 --> 00:04:22,039 Speaker 1: v P Awards at the age of thirty eight. And 76 00:04:22,040 --> 00:04:23,760 Speaker 1: they think he's gonna go strong. They might see a 77 00:04:23,760 --> 00:04:25,680 Speaker 1: little bit of Tom Brady and this guy right here 78 00:04:25,920 --> 00:04:28,760 Speaker 1: and a big thing. His favorite coach was Tom Clements, 79 00:04:28,800 --> 00:04:31,680 Speaker 1: the old quarterback from Notre Dame and he left the 80 00:04:31,680 --> 00:04:33,440 Speaker 1: Packers a couple of years ago and that didn't make 81 00:04:33,520 --> 00:04:36,160 Speaker 1: Rogers happy. So one of the concessions with this new 82 00:04:36,200 --> 00:04:38,800 Speaker 1: deal was he gets Tom Clements back as his as 83 00:04:38,800 --> 00:04:41,200 Speaker 1: his quarterback coach, and all is well in Green Bay. 84 00:04:41,520 --> 00:04:43,320 Speaker 1: He hasn't been to a super Bowl in eleven years, 85 00:04:43,360 --> 00:04:45,240 Speaker 1: but he makes them a contender to go to the 86 00:04:45,279 --> 00:04:49,080 Speaker 1: super Bowl every year. When you're mad at a team, 87 00:04:49,120 --> 00:04:52,160 Speaker 1: it's like, I'm mad. How about two? I'm not mad. 88 00:04:54,240 --> 00:05:01,000 Speaker 1: That's little buddy. And there's more more quarterback news. I 89 00:05:01,160 --> 00:05:04,520 Speaker 1: really kind of didn't see this coming. Russell Wilson is 90 00:05:04,560 --> 00:05:09,640 Speaker 1: going to Broncos from the Seahawks. UH spent ten seasons 91 00:05:09,960 --> 00:05:14,400 Speaker 1: with the Seahawks. Wilson is thirty three. UH. Denver will 92 00:05:14,400 --> 00:05:18,479 Speaker 1: send quarterback Drew lock tight in no event, defensive lineman 93 00:05:18,600 --> 00:05:21,799 Speaker 1: Shelby Harris, and a package of draft choices to first 94 00:05:21,880 --> 00:05:25,599 Speaker 1: round selections, two second rounders, and a fifth rounder to 95 00:05:25,880 --> 00:05:30,279 Speaker 1: the Seahawks, who won this one. Wow, I would have 96 00:05:30,360 --> 00:05:32,240 Speaker 1: to say that Seattle might have won this one. Here. 97 00:05:32,279 --> 00:05:34,159 Speaker 1: The guy's thirty three years old, he's still got his 98 00:05:34,200 --> 00:05:37,160 Speaker 1: fastball and he can play. But Denver's desperate right now, 99 00:05:37,160 --> 00:05:40,320 Speaker 1: they're on a division where Kansas City is the top team. 100 00:05:40,520 --> 00:05:43,880 Speaker 1: The Chargers are coming on strong with Justin Herbert h 101 00:05:43,960 --> 00:05:46,960 Speaker 1: the Raiders UH were a playoff team last year. And 102 00:05:47,000 --> 00:05:50,040 Speaker 1: Denver's basically been irrelevant in the a f C West 103 00:05:50,080 --> 00:05:51,880 Speaker 1: when they used to rule it. They haven't been to 104 00:05:51,920 --> 00:05:55,200 Speaker 1: the postseason in six years. They've had ten different starting 105 00:05:55,279 --> 00:05:58,880 Speaker 1: quarterbacks since Peyton Manning left them six years ago. They 106 00:05:58,920 --> 00:06:00,800 Speaker 1: don't like being irrelevant and in the West. And they 107 00:06:00,880 --> 00:06:04,280 Speaker 1: just unloaded a bank, I mean the entire bank for 108 00:06:04,360 --> 00:06:09,000 Speaker 1: Russell Wilson. Now we move on to a much more 109 00:06:09,080 --> 00:06:14,520 Speaker 1: serious topic. Washington Capitals. They condemn Russia's invasion of Ukraine 110 00:06:14,680 --> 00:06:18,200 Speaker 1: and they stand in full support of our Russian players 111 00:06:18,400 --> 00:06:22,320 Speaker 1: and their families. This comes about a little over a 112 00:06:22,320 --> 00:06:26,440 Speaker 1: week and a half after their captain Alex Ovechkin made 113 00:06:26,760 --> 00:06:30,559 Speaker 1: his only comments about the Russian invasion. Yeah, and he's 114 00:06:30,600 --> 00:06:35,080 Speaker 1: tied very tightly with Putin. He campaigned for him in seventeen. 115 00:06:35,480 --> 00:06:38,800 Speaker 1: There's all kinds of photos of Mr Putin and a 116 00:06:38,920 --> 00:06:42,520 Speaker 1: veskin all around social media. You can find them. Um, 117 00:06:42,720 --> 00:06:45,960 Speaker 1: he just wanted He's basically he tries trying to be 118 00:06:46,000 --> 00:06:48,680 Speaker 1: Switzerland in this press conference. He just wants peace at 119 00:06:48,680 --> 00:06:51,840 Speaker 1: all costs and he'll be happy when the war is over. Um. 120 00:06:51,880 --> 00:06:54,279 Speaker 1: They're worried about these guys traveling on the road and 121 00:06:54,320 --> 00:06:56,240 Speaker 1: what kind of reception they'll get from some of the 122 00:06:56,520 --> 00:06:58,440 Speaker 1: visiting fans when they when they get out on the ice. 123 00:06:58,480 --> 00:07:01,320 Speaker 1: And there's all kinds of security that has been increased, 124 00:07:01,400 --> 00:07:04,480 Speaker 1: and uh, you know, the there was a fair at 125 00:07:04,480 --> 00:07:06,880 Speaker 1: one point that the visas for some of these Russians 126 00:07:06,880 --> 00:07:08,760 Speaker 1: players would be revoked. But they're going to stay in 127 00:07:08,880 --> 00:07:11,600 Speaker 1: uniform and they're gonna play and hopefully be protected. Yeah, 128 00:07:11,600 --> 00:07:15,160 Speaker 1: there are several Russian born players for the Capitals. In fact, 129 00:07:15,320 --> 00:07:20,480 Speaker 1: obviously several Russian born players in the National Hockey League. Uh. 130 00:07:21,000 --> 00:07:25,400 Speaker 1: But that brings up another point. If you are a 131 00:07:25,480 --> 00:07:30,240 Speaker 1: Russian athlete playing in America, and as you said, what 132 00:07:30,400 --> 00:07:33,880 Speaker 1: kind of backlash are you going to get? Yeah, I 133 00:07:33,880 --> 00:07:35,880 Speaker 1: mean every every place should go. Um. I know they 134 00:07:35,920 --> 00:07:38,280 Speaker 1: were going into Calgary and they was talking about will 135 00:07:38,280 --> 00:07:42,080 Speaker 1: the Calgary Flames allow fans to come inside with signs 136 00:07:42,120 --> 00:07:44,480 Speaker 1: you know, go home, go back to Russia, go back 137 00:07:44,520 --> 00:07:47,520 Speaker 1: and see your buddy Pewton. Um. But they will allowed 138 00:07:47,600 --> 00:07:49,720 Speaker 1: handheld signs, but they have to be in good taste. 139 00:07:49,760 --> 00:07:51,920 Speaker 1: And they're not supposed to be hanything to do with 140 00:07:51,560 --> 00:07:55,080 Speaker 1: the politics, so they may have the social police going 141 00:07:55,120 --> 00:07:58,160 Speaker 1: around the arena and telling people to you know, get 142 00:07:58,200 --> 00:08:01,360 Speaker 1: rid of their their placards out. What follows up on 143 00:08:01,440 --> 00:08:07,040 Speaker 1: that is that Russian Formula one driver Nikita Massapen Uh 144 00:08:07,040 --> 00:08:09,320 Speaker 1: he said he's still shocked about being fired from the 145 00:08:09,360 --> 00:08:14,680 Speaker 1: host team following Russia's invasion of Ukraine. The Formula one 146 00:08:14,800 --> 00:08:18,760 Speaker 1: driver was fired last Saturday following F one's decision to 147 00:08:18,880 --> 00:08:23,680 Speaker 1: terminate his contract with the Russian Grand Prix. Uh and 148 00:08:23,800 --> 00:08:27,280 Speaker 1: he said is a very painful and unexpected situation for me. 149 00:08:27,840 --> 00:08:32,319 Speaker 1: Uh He's twenty three. His father, by the way, also 150 00:08:32,400 --> 00:08:37,080 Speaker 1: in its sponsorship with the Russian company, which is partly 151 00:08:37,080 --> 00:08:42,400 Speaker 1: owned by Massapin's father. So the question now is was 152 00:08:42,480 --> 00:08:47,640 Speaker 1: it fair for the HAS team to fire him? Uh? 153 00:08:47,679 --> 00:08:49,280 Speaker 1: I guess if you're the owner of the team, you 154 00:08:49,320 --> 00:08:52,520 Speaker 1: can do whatever you want. You can and it's uh. 155 00:08:52,720 --> 00:08:56,160 Speaker 1: It sends a message to their followers and the uh 156 00:08:56,440 --> 00:08:59,880 Speaker 1: the F one followers and F one fans that they wandered, 157 00:09:00,040 --> 00:09:03,440 Speaker 1: divorce themselves, disassociate themselves from anything that has anything to 158 00:09:03,480 --> 00:09:06,960 Speaker 1: do with Russia and this poor guy, you know, didn't 159 00:09:07,000 --> 00:09:08,600 Speaker 1: trigger the war. There's two a guy that had did 160 00:09:08,600 --> 00:09:10,680 Speaker 1: not make any statements, but he's out of a job. 161 00:09:10,760 --> 00:09:13,520 Speaker 1: It's part of the collateral damage of of what's been 162 00:09:13,520 --> 00:09:16,400 Speaker 1: going on. Of course, we will keep our eye on this. 163 00:09:16,679 --> 00:09:21,640 Speaker 1: We miss you, Scarlett, come on back, come on, We're 164 00:09:21,679 --> 00:09:24,480 Speaker 1: not bad people. She'll be back for a number of 165 00:09:24,520 --> 00:09:28,120 Speaker 1: the week. Yeah. This is the Bloomberg Business of Sports 166 00:09:28,120 --> 00:09:32,000 Speaker 1: podcast on Michael bar Long with Mike Lynch. Charlotte Fool 167 00:09:32,000 --> 00:09:34,720 Speaker 1: will be back. Of course, catch us here each and 168 00:09:34,880 --> 00:09:37,640 Speaker 1: every Monday, Wednesday and Thursday. It's boring the world of 169 00:09:37,679 --> 00:09:39,640 Speaker 1: Money in Sports. And can catch me on Twitter at 170 00:09:39,640 --> 00:09:41,720 Speaker 1: Big Car Sports. Now Mike Lynch, you can follow me 171 00:09:41,720 --> 00:09:44,520 Speaker 1: at Lynch e w CDB. You are listening to the 172 00:09:44,559 --> 00:09:48,160 Speaker 1: Bloomberg Business of Sports Bloomberg Radio around the world.