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Speaker 1: Hello, I'm Scott, I've been Nobi Williams, and I'm Michael

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Speaker 1: Barr and this is the Bloomberg Business of Sports podcast,

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Speaker 1: where we minus he explore the big money issues in

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Speaker 1: the world of sports. Nothing nothing, I mean nothing. Were trying.

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Speaker 1: I don't want to bully of him because people say

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Speaker 1: I bully you. I don't watch it. Uh, this is nothing.

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Speaker 1: Today we begin with the n c Double A basketball

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Speaker 1: tournament and this young man. I remember watching March Madness

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Speaker 1: like live stream in high school, in middle school. Um,

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Speaker 1: I was watching the intense games and telling myself I

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Speaker 1: was going to be a part of that. I'm actually here.

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Speaker 1: I mean, it's very exciting, but you gotta put the

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Speaker 1: excitement aside and just try to go out there and

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Speaker 1: get the web. Duke has a strong fan base, but

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Speaker 1: Scott Zion Williamson appears to be making them even more nuts.

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Speaker 1: Well I've never felt so old though. Did you catch

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Speaker 1: that line? Bar He's like in middle school, I was

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Speaker 1: live streaming the n c A tournament in school. I'm like,

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Speaker 1: come on, man, yeah, yeah, like, oh come on, Zion, Yeah.

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Speaker 1: But you know what. I spoke with a bunch of

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Speaker 1: the Dukies on Wall Street for a story last week,

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Speaker 1: and they all have their you know, these are busy people,

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Speaker 1: including David Rubenstein, so you know he's busy, you know,

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Speaker 1: co founder of Carlisle Group. And they all have plans

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Speaker 1: to go to the final four. They're all like, keep

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Speaker 1: my calendar clear if Duke goes, we're going and ready

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Speaker 1: for a great dad joke. By the way out of Rubenstein,

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Speaker 1: I've generally tried to avoid religious statements in public, he

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Speaker 1: said to me. But I'm a committed Zionist. Thank you, David.

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Speaker 1: It's all about what they almost didn't. Did you catch

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Speaker 1: the Oh my goodness, gracious, I thought my bracket was

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Speaker 1: shot to smithy. That would mean everybody's bracket, Like nobody

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Speaker 1: had you cf beating Duke, But I don't think anybody

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Speaker 1: did anyway. Should have been a foul on the first shot,

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Speaker 1: a little bump, but that's okay, you know, let the

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Speaker 1: kids decide. Let the kids decide it. Oh but that

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Speaker 1: put back, oh, my lord, on the hand on the

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Speaker 1: side of the rim o all the And the best

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Speaker 1: part is, and I say this all the time, that

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Speaker 1: that Duke is like Howard Stern and that half people

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Speaker 1: listen because they love them and half the people listen

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Speaker 1: because they hate them. We'll have people are watching because

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Speaker 1: they're just rooting for Duke to lose it all at

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Speaker 1: all costs and to have like, oh, first shot rebound

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Speaker 1: to one. It's been a tournament that's kind of devoid

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Speaker 1: of any major upsets. Maybe if you if you're a

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Speaker 1: Ken Palm fan out there Ken Pomeroy's college basketball rankings,

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Speaker 1: the top four teen teams in the in the country

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Speaker 1: are still in it UM top three seeds in each

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Speaker 1: regional UM. Really the only outlier seed out there is

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Speaker 1: number twelve Oregon, and most people I don't think I

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Speaker 1: think of the Oregon Ducks as a as a Cinderella

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Speaker 1: in that regard. And you're right, Scott, as you said,

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Speaker 1: I mean, this is this is great news for TVs

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Speaker 1: and for Turner as CBS. They only want so many

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Speaker 1: like first round upsets yet, but you don't want the

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Speaker 1: one in two seeds going out and give me the

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Speaker 1: five twelve. That's cool, but no biggies, no big brand names.

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Speaker 1: People do like to talk about the Cinderellas, but as

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Speaker 1: you said, you want these brand names in. You know,

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Speaker 1: we're potentially looking at a you know, Duke Michigan State matchup.

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Speaker 1: Um in the eliteing. My neighbors has a twenty ft

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Speaker 1: Spartan blow up thing on his front lawn. We can

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Speaker 1: see just bug out of his head. Un Se Kentucky.

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Speaker 1: Potentially in the Elite eight. We have some some some

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Speaker 1: possible banner banner matchups coming up here. And that's uh,

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Speaker 1: that's music to the ears for for CBS. Folks. Love it,

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Speaker 1: love it, I tell you it's it's exciting to me.

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Speaker 1: You know, see Tennessee blow up point lead and all

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Speaker 1: of a sudden it's like, oh, my goodness, and my goodness,

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Speaker 1: what's gonna happen? I mean, this is exciting. I don't

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Speaker 1: think it's been. This is where Twitter has its greatest value.

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Speaker 1: I think it's because, yeah, you've had the whole way

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Speaker 1: with the Duke game was the first real exciting. The

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Speaker 1: average scoring margins fourteen point three, I think know that's

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Speaker 1: that's the highest it's been in the past twenty years

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Speaker 1: at this point. Well, you have to remember this guy

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Speaker 1: has a two hour commute every day, So maybe Dull

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Speaker 1: has a different definition from Michael barr Well killed Joyce.

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Speaker 1: Let's move on to the next topic. Let's turn to uh,

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Speaker 1: the football media landscape where it looks like NFL Sunday

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Speaker 1: Ticket may have finally outgrown it's exclusive deal with Direct TV. Yes,

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Speaker 1: I'm on the phone with Roger Goodell the other day

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Speaker 1: and we're talking about his hook up with Verizon and

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Speaker 1: their new five G partnership with they're trying to accomplish

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Speaker 1: both for the at home experience and in stadium. What

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Speaker 1: can five G do? That's my buddy, you know that.

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Speaker 1: We're just chatting and I said, you know, well, you

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Speaker 1: know what's up with Direct TV. You've got your renewal.

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Speaker 1: Where do you stand and has it? And I'm really

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Speaker 1: really expecting Roger to to open up so much because

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Speaker 1: you know how these negotiations are. But you know, he said, listen, um,

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Speaker 1: we wanted delivered on several different platforms. That says right there,

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Speaker 1: it's not going to be just Direct TV on the satellite.

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Speaker 1: So the NFL is looking to slice and dice a

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Speaker 1: little further. Let's see which platform will be the digital

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Speaker 1: district Vision and by the way, that could stay in

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Speaker 1: the family with a T and T they have digital

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Speaker 1: distribution as well. But when you start opening up to

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Speaker 1: the Amazons of the world, that's an interesting bid process. Yeah,

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Speaker 1: so just so our listeners understand this, this is the directive,

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Speaker 1: the package that gets every single game no matter where

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Speaker 1: you live. Essentially, this is the It's been in Direct

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Speaker 1: TV from a cable standpoint for a long time now.

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Speaker 1: It is the biggest, I would believe, the biggest draw

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Speaker 1: that Direct TV has in terms of drawing people. I

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Speaker 1: certainly know tons of people that are direct when this

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Speaker 1: story and everybody was saying, this is why I have

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Speaker 1: direct It was exclusive to direct you. UM, NFL has

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Speaker 1: an option to opt out of that deal after UM.

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Speaker 1: You can certainly see a situation and I would think

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Speaker 1: this is the most likely where Direct TV kind of

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Speaker 1: keeps its package on a non exclusive basis and then

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Speaker 1: the NFL goes out in shops for a digital partner,

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Speaker 1: you know, whether that is the Zonne or Amazon, whatever, Facebook.

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Speaker 1: As you said, there's a direct TV now, so they

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Speaker 1: have their own O T T platform themselves. You could

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Speaker 1: see them maybe bidding for that and keep being the

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Speaker 1: exclusivity kind of within the same A T and T umbrella.

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Speaker 1: Am I correct in thinking that no matter what happens here,

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Speaker 1: the NFL still kind of want to keep this. You know,

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Speaker 1: this date in two or three years from now, where

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Speaker 1: everything is up, where they want to kind of reevaluate

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Speaker 1: the entire options. I assume we're not going to see

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Speaker 1: an eight year deal here for the for the digital

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Speaker 1: rights to something. Maybe see an eight year deal with

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Speaker 1: a one sided reopen. Yeah, an option to terminate on

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Speaker 1: the NFL's behalf. Yeah, the bidders will say, I'll do

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Speaker 1: whatever the NFL wants. Obviously, it's that value. The programming

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Speaker 1: is that valuable to them? And why is it that

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Speaker 1: direct TV, which as we said, you know A T

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Speaker 1: and T has its own O T T through Direct TV?

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Speaker 1: Why is it that direct TV? Because they have the

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Speaker 1: rights to these games right now. Why is it that

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Speaker 1: they don't also have the rights to to move that

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Speaker 1: onto digital. Well, but that's just not the distribution deal

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Speaker 1: they signed. So, I mean it's a new world or

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Speaker 1: to these days. Uh, this is more than billion dollar property.

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Speaker 1: So and again getting getting more valuable by the minute,

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Speaker 1: as we see with every deal that this league signs,

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Speaker 1: all the top programs or NFL games. The super Bowl

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Speaker 1: did well again, people want their NFL. Well, that's that's

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Speaker 1: the point I was gonna bring. You brought up a

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Speaker 1: good point, it's like, well, what happens after twenty nineteen,

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Speaker 1: because why can't it just simply go like a like

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Speaker 1: on your cable TV pack. I know I'm talking to

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Speaker 1: old school, but if it went to a cable TV package,

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Speaker 1: I'm in because it's I'm sure that the NFL would

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Speaker 1: see increased revenue. I'm sure the cable provide satellite package

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Speaker 1: because I didn't want to spend money for satellite. It's

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Speaker 1: and that's my point. It's if you presented this on

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Speaker 1: already have cable TV, so why do I want to

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Speaker 1: a satellite? Also, you get ready your cable TV and

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Speaker 1: just go satellite. But but I like my cable TV.

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Speaker 1: Look at you like the NFL is is very good

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Speaker 1: at maximizing the money it gets for its for its

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Speaker 1: licensing and its rights. The truth is that it wasn't

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Speaker 1: available you know, to you on Verizon or you know,

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Speaker 1: cable Vision or whatever, because Direct Tv was willing to

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Speaker 1: pay so much money for the exclusivity that it was

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Speaker 1: not worth it for the NFL to to kind of

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Speaker 1: keep slicing and dicing. Now, as the technology changes, it

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Speaker 1: certainly seems as though the NFL is thinking, you know what,

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Speaker 1: maybe this exclusivity model is not the way to go.

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Speaker 1: And because we have you know, depocketed bidders like and

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Speaker 1: Amazon certainly do. Zone seems more than willing to open

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Speaker 1: open the checkbook, uh for for live sports rights right now.

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Speaker 1: Um as that landscape changes, yeah, I think the NFL

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Speaker 1: begins to rethink uh it's decision to sell exclusive I

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Speaker 1: like the young guy going open the checkbook and old

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Speaker 1: school reference like us E been you have you have

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Speaker 1: a checkbook. I assume Len Blavatnik has a checkbook. I

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Speaker 1: think it's just Apple pay you know, let me Apple

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Speaker 1: pay you a billion dollars? What's venmo billion? Well over, well,

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Speaker 1: let me get to my rotary phone and bring up

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Speaker 1: this final one that's coming here. You love this one.

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Speaker 1: This is David West. Do you remember Himmy used to

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Speaker 1: be uh NBA Ford now retired and there's been a

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Speaker 1: court ruling and he's not happy. Yeah, we we do these.

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Speaker 1: And Evan loved this one. He pointed this one out

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Speaker 1: the start because not because it's like one of the

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Speaker 1: biggest stories of the week. It's interesting, but it's just

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Speaker 1: parts of sports and business that you would never think, like,

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Speaker 1: wait a minute, how did the two connect? On this,

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Speaker 1: so we'll let Evan take it away. But it's just like,

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Speaker 1: oh wow, even this touches sports. Yeah, this one was

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Speaker 1: is pretty shocking to me. The US Fifth Circuit Court

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Speaker 1: of Appeals last week ruled that David West, who had

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Speaker 1: apparently claimed that he lost one point four million dollars

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Speaker 1: in salary as a direct result of the BP Deepwater

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Speaker 1: Horizon oil spill. Uh, they ruled that he was not

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Speaker 1: entitled to that money. UH And diving into some of

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Speaker 1: the media coverage, it sounds as though David West, who

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Speaker 1: was playing in New Orleans at the time, his contract

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Speaker 1: had him getting paid one point four million dollars less

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Speaker 1: than two thousand and ten the year after this bill

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Speaker 1: in two thousand nine, that the season before it um

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Speaker 1: and he claimed that that had some kind of direct

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Speaker 1: result because of the oil spill, and he won in

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Speaker 1: the lower court, and then last week a higher court

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Speaker 1: of appeal said, you know what, this is not there's

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Speaker 1: no evidence here that they the oil spill had any

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Speaker 1: real effect. Where he here's the quote from the ruling,

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Speaker 1: directly from the he received every penny specified in that

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Speaker 1: contract both before and after the spill. David West unable

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Speaker 1: to prove that the oil spill directly cost him one

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Speaker 1: point four million dollars. Reading between the lines, I assume

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Speaker 1: his claim was that the Pelicans at the time that

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Speaker 1: that was the basketball team, um that they were directly

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Speaker 1: affected by it, and because his employer was directly affected

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Speaker 1: by it, his salary change could theoretically be tied to it.

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Speaker 1: But it also sounds like his contract just said, hey,

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Speaker 1: in two thousand ten, you're gonna get a little b less.

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Speaker 1: Supposed to think the Pelicans got some money, not as

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Speaker 1: much as they want. And I don't I don't understand

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Speaker 1: how this one on an earlier court of appeals that

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Speaker 1: maybe this the later one had more access to the contract, etcetera.

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Speaker 1: I think this is awesome, though, what a great what

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Speaker 1: a great attempt. Tampa Bay Lightning didn't they have a

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Speaker 1: similar ruling. They they're gonna get some money. It's like

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Speaker 1: seven something thousand dollars, but it's not what they wanted.

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Speaker 1: And and again all tied to the BP oils. But

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Speaker 1: who would think that these franchises and these players would

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Speaker 1: have a connection to the BP oil spill. Like everything

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Speaker 1: touches sports somehow, that's why we wanted to bring it

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Speaker 1: up to see even this touches franchises and players. I mean,

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Speaker 1: I get fisheries, but yeah, I would get fisheries. Yeah, absolutely,

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Speaker 1: Maybe David West, if I'm an oysterman in somewhere, you know,

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Speaker 1: in the lakes down there, I see a point. You're

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Speaker 1: a pearl regardless. Oh I see what you did there? Wow?

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Speaker 1: Uhs just the Bloomberg Business. Don't judge me. This is

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Speaker 1: the Bloomberg Business of Sports podcast. I'm MICHAELA. Bar along

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Speaker 1: with Scott Sasnik and Evan no Wi Williams. We are

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Speaker 1: here each and every Monday, Wednesday and Thursday exploring the

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Speaker 1: world of money in sports. Join us again at the

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Speaker 1: end of the week and we speak with the President

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Speaker 1: and CEO of the Golden State Warriors, Rick Weltz. You're

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