1 00:00:00,360 --> 00:00:04,440 Speaker 1: Hello, I'm Scott and I'm Michael barr Is off today off. 2 00:00:04,440 --> 00:00:08,080 Speaker 1: He's not off, he's just not here. We're frolicking around Pieverden, Oregon. 3 00:00:09,720 --> 00:00:12,320 Speaker 1: He's working and maybe Adidas and under Arm and some 4 00:00:12,360 --> 00:00:14,640 Speaker 1: of the others. But he's hanging around Peverdon. So he's 5 00:00:14,720 --> 00:00:19,320 Speaker 1: not off, not off, off, just not with us, which 6 00:00:19,320 --> 00:00:22,079 Speaker 1: could be considered a vacation. Well, anyway, This is the 7 00:00:22,079 --> 00:00:25,720 Speaker 1: Bloomberg Business of Sports podcast where we explore the big 8 00:00:25,760 --> 00:00:29,040 Speaker 1: money issues in the world of sports. Today. We begin 9 00:00:29,120 --> 00:00:31,360 Speaker 1: and this is huge with the n c double A 10 00:00:31,720 --> 00:00:36,800 Speaker 1: taking a huge step. No, it's not. It is not huge, 11 00:00:36,880 --> 00:00:39,320 Speaker 1: because that was what the n c A wanted you 12 00:00:39,400 --> 00:00:41,839 Speaker 1: to believe with the statement they put out that it 13 00:00:41,920 --> 00:00:45,120 Speaker 1: was huge. Right away, I got it. Everybody's moving headlines 14 00:00:45,280 --> 00:00:48,120 Speaker 1: and n c A allows this. No they didn't, No, 15 00:00:48,200 --> 00:00:52,280 Speaker 1: they didn't. What the n c A did is obfuscate. 16 00:00:52,840 --> 00:00:55,680 Speaker 1: What they said was this board is going to take 17 00:00:55,720 --> 00:01:00,760 Speaker 1: the first step toward allowing players to quote not remember, 18 00:01:00,760 --> 00:01:03,640 Speaker 1: money doesn't show up here. It's not be paid, it 19 00:01:03,680 --> 00:01:07,520 Speaker 1: says to ben Afit. You know what that could mean. Fine, 20 00:01:07,600 --> 00:01:09,160 Speaker 1: Nike wants to put your face on a billboard, they 21 00:01:09,160 --> 00:01:10,400 Speaker 1: can give you a pair of cleats in a shirt, 22 00:01:11,440 --> 00:01:14,080 Speaker 1: but the you're gonna get taxed, and that's for sure, 23 00:01:14,120 --> 00:01:16,039 Speaker 1: that's going to happen to these students. No, not for sure, 24 00:01:16,120 --> 00:01:19,320 Speaker 1: not for sure. One senator said, well, if this is 25 00:01:19,319 --> 00:01:21,240 Speaker 1: gonna happen, then they're gonna get I want to tax 26 00:01:21,280 --> 00:01:23,679 Speaker 1: their scholarships. And well, you know what, if you're gonna 27 00:01:23,680 --> 00:01:26,640 Speaker 1: start taxing them, then their employees and you know the 28 00:01:26,680 --> 00:01:29,000 Speaker 1: schools do not want that, that opens them up to 29 00:01:29,080 --> 00:01:35,120 Speaker 1: labor law. So well, it's it's it's a moment worth watching. 30 00:01:35,560 --> 00:01:40,480 Speaker 1: But it isn't this earth shattering line of demarcation. The 31 00:01:40,920 --> 00:01:44,520 Speaker 1: damn has broken, athletes have all these rights moment. Even 32 00:01:44,600 --> 00:01:48,040 Speaker 1: Lebron came out on Twitter and said, not a victory, 33 00:01:48,040 --> 00:01:50,000 Speaker 1: but a start, and that may be a good way 34 00:01:50,040 --> 00:01:52,000 Speaker 1: to phrase. It's not a victory of any kind for 35 00:01:52,040 --> 00:01:55,240 Speaker 1: the place, but it's a start. AP Sports reported Jim Litkey, 36 00:01:55,320 --> 00:01:57,560 Speaker 1: and he said it the best. Jim lit used to 37 00:01:57,560 --> 00:01:59,720 Speaker 1: be on his show every every day. He said, he 38 00:01:59,800 --> 00:02:02,480 Speaker 1: hit the nail on the head. This all broke loose 39 00:02:03,200 --> 00:02:07,440 Speaker 1: when the school started selling jerseys for eighty dollars with 40 00:02:07,520 --> 00:02:09,760 Speaker 1: the name of the athlete. Well, this all broke loose 41 00:02:09,760 --> 00:02:13,800 Speaker 1: with that O'Bannon. O'Bannon was the one who started this. 42 00:02:13,880 --> 00:02:17,360 Speaker 1: And you'll notice that there's no college sports video games. 43 00:02:17,600 --> 00:02:19,320 Speaker 1: Those were taken off the market, and you know why 44 00:02:20,600 --> 00:02:22,520 Speaker 1: they didn't want it, didn't want to be part of 45 00:02:22,520 --> 00:02:24,560 Speaker 1: that site. There's that you guys figure it out. When 46 00:02:24,560 --> 00:02:26,560 Speaker 1: you figure out what kind of compensation that you know, 47 00:02:26,600 --> 00:02:29,120 Speaker 1: we can give these athletes were fine maybe, And then 48 00:02:29,160 --> 00:02:32,240 Speaker 1: the bigger news bar is a little earlier in the week, 49 00:02:32,760 --> 00:02:36,760 Speaker 1: you had the NFL Players Association getting together with the 50 00:02:36,800 --> 00:02:40,240 Speaker 1: College Players Association and Romoea Huma, who's been on this 51 00:02:40,320 --> 00:02:42,080 Speaker 1: for a while, former player at u c l A, 52 00:02:42,800 --> 00:02:46,400 Speaker 1: to sort of explore already, what can they do, what's 53 00:02:46,480 --> 00:02:50,440 Speaker 1: the framework, how can they capitalize on any changes that 54 00:02:50,520 --> 00:02:54,880 Speaker 1: might come, How can athletes get paid real dollars for 55 00:02:55,080 --> 00:02:58,160 Speaker 1: their name, image and likeness. And the one place you target, 56 00:02:58,200 --> 00:03:00,639 Speaker 1: the hard target, look, would be those video game Now 57 00:03:00,720 --> 00:03:03,239 Speaker 1: and I should add this too, we're not talking about 58 00:03:03,480 --> 00:03:07,519 Speaker 1: necessarily the colleges paying the athletes as in, here's cash. 59 00:03:07,720 --> 00:03:11,280 Speaker 1: We're talking about letting the students market themselves. Yeah, this 60 00:03:11,320 --> 00:03:15,480 Speaker 1: is students being able to capitalize. And when the labor 61 00:03:15,560 --> 00:03:18,680 Speaker 1: side of things has capitalized they mean cash. They may 62 00:03:18,760 --> 00:03:22,919 Speaker 1: get paid when the n c A says benefit, there 63 00:03:22,960 --> 00:03:27,359 Speaker 1: may be tying some sort of other opportunities, tuition related, 64 00:03:27,639 --> 00:03:32,520 Speaker 1: scholarship related, school related, whatever. They're not necessarily talking about cash. 65 00:03:33,040 --> 00:03:35,760 Speaker 1: So they have given, by the way, the three divisions, 66 00:03:35,800 --> 00:03:38,160 Speaker 1: that's one, two, and three. They have given the three 67 00:03:38,160 --> 00:03:40,840 Speaker 1: divisions of the n c A until ready for this 68 00:03:41,320 --> 00:03:45,680 Speaker 1: twenty twenty one to come up with these changes. So 69 00:03:45,760 --> 00:03:49,880 Speaker 1: it's not like and meanwhile, you've got the California law 70 00:03:49,960 --> 00:03:54,160 Speaker 1: and Gavin Newsom signed that. You've got Florida following Illinois, 71 00:03:54,240 --> 00:03:56,880 Speaker 1: so you've got some pressure on the n c a A. 72 00:03:57,200 --> 00:04:00,760 Speaker 1: Let's remember when California enacted this law, the SEA sent 73 00:04:00,840 --> 00:04:03,520 Speaker 1: them a letter saying, well, you know what, maybe your 74 00:04:03,560 --> 00:04:06,120 Speaker 1: schools in the state will not be allowed to participate 75 00:04:06,160 --> 00:04:08,360 Speaker 1: in n c A competitions. So you knew right away 76 00:04:08,400 --> 00:04:10,160 Speaker 1: that's there. You know, when when someone shows you who 77 00:04:10,160 --> 00:04:12,720 Speaker 1: they are, believe them that's who they are. That was 78 00:04:12,760 --> 00:04:15,920 Speaker 1: the response to that move. Now others were joining in. 79 00:04:15,960 --> 00:04:18,240 Speaker 1: It was like, oh, we need to do something. That's 80 00:04:18,240 --> 00:04:21,000 Speaker 1: where we stand. And and I listen, I still say 81 00:04:21,040 --> 00:04:23,960 Speaker 1: it's big, but I you have the expertise in this, 82 00:04:24,040 --> 00:04:26,080 Speaker 1: and I follow you down the rabbit hole in this 83 00:04:26,200 --> 00:04:28,240 Speaker 1: because you know your stick. Stick with me, man, stick 84 00:04:28,320 --> 00:04:33,560 Speaker 1: with me. I'm moving on tiger Woods. That Tiger went Tiger. 85 00:04:33,720 --> 00:04:37,479 Speaker 1: He notched another p G A win last weekend and 86 00:04:37,520 --> 00:04:41,480 Speaker 1: now he has eight two that ties the record with 87 00:04:41,520 --> 00:04:44,599 Speaker 1: Sam Snead for p G A wins and Scott. He 88 00:04:44,640 --> 00:04:49,240 Speaker 1: has now topped one D twenty million dollars. What do 89 00:04:49,279 --> 00:04:51,320 Speaker 1: you think of that number? If someone said to you, 90 00:04:51,360 --> 00:04:53,600 Speaker 1: if I had said to you this morning, Tiger Woods 91 00:04:53,680 --> 00:04:56,760 Speaker 1: career earnings total, would you have been higher or lower 92 00:04:56,760 --> 00:04:59,719 Speaker 1: than Dyllion? Well, in terms of just the money, I 93 00:04:59,720 --> 00:05:01,919 Speaker 1: would been higher, But that's not where he makes the money. 94 00:05:02,040 --> 00:05:04,040 Speaker 1: He makes the money with all the endorsement. Yeah. Well, 95 00:05:04,040 --> 00:05:05,400 Speaker 1: this is one of those that's kind of fun. In 96 00:05:05,400 --> 00:05:09,160 Speaker 1: our Our pal Eric Mattaschewski uh used to work here, 97 00:05:09,279 --> 00:05:11,480 Speaker 1: did a little breakdown of so Tiger wins. Al Right, 98 00:05:11,480 --> 00:05:13,919 Speaker 1: he goes in this tournament, first PGA Tour event in Japan, 99 00:05:14,000 --> 00:05:17,240 Speaker 1: by the way, and he wins. So who wins not 100 00:05:17,400 --> 00:05:20,679 Speaker 1: just Tiger gets the check? All that the prestige PGA 101 00:05:20,760 --> 00:05:23,680 Speaker 1: Tour a winner. Tiger wins in Japan, would you say 102 00:05:23,680 --> 00:05:27,760 Speaker 1: PGA Tour the winner, right, the President's Cup, you know 103 00:05:27,800 --> 00:05:30,560 Speaker 1: it's not the Ryder Cup doesn't get as much attention. 104 00:05:31,160 --> 00:05:34,039 Speaker 1: Tigers the captain. There was some question as to whether 105 00:05:34,080 --> 00:05:37,320 Speaker 1: Tiger would actually play, even though he hinted, you know, hey, player, cap, 106 00:05:37,880 --> 00:05:40,479 Speaker 1: now you in the event. Pretty safe to assume that 107 00:05:40,520 --> 00:05:42,880 Speaker 1: Tiger will be on the playing roster of the President's 108 00:05:42,920 --> 00:05:47,080 Speaker 1: Cup winner. More interest in the tournament? You now you interested? 109 00:05:47,080 --> 00:05:51,000 Speaker 1: Tigers involved? Yes, Golf TV. Tiger signed a deal with 110 00:05:51,000 --> 00:05:53,880 Speaker 1: the Discovery network, you know unit golf TV. They showed 111 00:05:53,880 --> 00:05:58,000 Speaker 1: this event Tiger wins. Gotta deal with Tiger Golf twee 112 00:05:58,120 --> 00:06:02,840 Speaker 1: Golf TV and Discovery when and here's here's my favorite. 113 00:06:02,920 --> 00:06:06,200 Speaker 1: Did you ever hear of Zozo Inc? Who exactly ever 114 00:06:06,279 --> 00:06:10,440 Speaker 1: hear of Zozo? I had never? This is why companies 115 00:06:10,480 --> 00:06:14,440 Speaker 1: do these deals. This They were the title sponsor, their 116 00:06:14,560 --> 00:06:17,400 Speaker 1: debut as title sponsor on the PGA Tour for this 117 00:06:17,440 --> 00:06:20,520 Speaker 1: event in Japan. It was the Zozo Tournament. Right, that's 118 00:06:20,520 --> 00:06:24,280 Speaker 1: an online fashion website in Japan. I mean, looking at 119 00:06:24,279 --> 00:06:26,360 Speaker 1: your salmon shirt, I thought maybe you shopped on Zozo, 120 00:06:26,440 --> 00:06:29,320 Speaker 1: but I guess not. But I had never heard of 121 00:06:29,320 --> 00:06:31,920 Speaker 1: it either. But guess what now I know what Zozo is. 122 00:06:31,960 --> 00:06:35,840 Speaker 1: We're talking about it. Win for Zozo. Taylor made Bridgestone 123 00:06:36,920 --> 00:06:39,680 Speaker 1: colugs and balls, Tigers playing him, he's winning, he's playing well. 124 00:06:39,720 --> 00:06:43,039 Speaker 1: Also more of those. But you know, when Tiger won 125 00:06:43,080 --> 00:06:46,040 Speaker 1: the Masters, all of a sudden, it's like, hey, Tiger's 126 00:06:46,080 --> 00:06:48,720 Speaker 1: back and the buzz. Yeah. Man, it was supposed to 127 00:06:48,760 --> 00:06:51,279 Speaker 1: be all these young guns and coming and get Tiger 128 00:06:51,320 --> 00:06:53,839 Speaker 1: and kept good. And I know all that. I know 129 00:06:53,920 --> 00:06:58,920 Speaker 1: the names, but nobody resonates like Tigers, right, like you said, 130 00:06:58,920 --> 00:07:02,479 Speaker 1: Tiger going to Tiger. Finally, Game seven of the World 131 00:07:02,520 --> 00:07:06,240 Speaker 1: Series kicking off tonight, and let's talk about an apology 132 00:07:06,320 --> 00:07:09,840 Speaker 1: issued by Houston Astros owner Jim Crane to a reporter 133 00:07:09,960 --> 00:07:13,280 Speaker 1: from Sports Illustrated and quite frankly, this should have been 134 00:07:13,280 --> 00:07:16,560 Speaker 1: issued much sooner than what it was. Yeah. They And 135 00:07:16,920 --> 00:07:19,400 Speaker 1: the reason we're discussing this now, it's it's a few 136 00:07:19,480 --> 00:07:22,120 Speaker 1: days after it happened. But we had talked about the 137 00:07:22,160 --> 00:07:24,280 Speaker 1: infraction or what had gone on, and we never really 138 00:07:24,320 --> 00:07:26,360 Speaker 1: got to it in the later show. But I want 139 00:07:26,400 --> 00:07:28,160 Speaker 1: to look at it in sort of the bigger context 140 00:07:28,200 --> 00:07:32,040 Speaker 1: of just business operations. That Jim Crane finally comes out 141 00:07:32,040 --> 00:07:35,679 Speaker 1: and he tells Stephanie app student quote, we were wrong. 142 00:07:36,160 --> 00:07:39,400 Speaker 1: I mean didn't need to take that long, as you said, 143 00:07:39,520 --> 00:07:41,360 Speaker 1: if you screw up, just say so. There's a whole 144 00:07:41,360 --> 00:07:43,760 Speaker 1: lot of forgiveness out there. But here's the quote he 145 00:07:43,840 --> 00:07:47,360 Speaker 1: said to uh, Stephanie, I assure you that the Houston 146 00:07:47,440 --> 00:07:51,480 Speaker 1: Astros will learn from this experience. My question to you, 147 00:07:51,640 --> 00:07:54,440 Speaker 1: Michael barr and I know you've heard the saying a 148 00:07:54,560 --> 00:07:58,360 Speaker 1: smart man learns from his own mistakes, A truly wise 149 00:07:58,440 --> 00:08:02,640 Speaker 1: man learns from the mistakes of others. Will others in 150 00:08:02,800 --> 00:08:06,800 Speaker 1: sport and business, you name it, will they learn from 151 00:08:06,800 --> 00:08:09,160 Speaker 1: this experience in what the Houston Astrils went through, Well, 152 00:08:09,200 --> 00:08:13,440 Speaker 1: I hope so. And again if people don't understand what happened, Uh, 153 00:08:13,600 --> 00:08:16,960 Speaker 1: there was a moment when there was an executive that 154 00:08:17,520 --> 00:08:19,920 Speaker 1: assistant general manager, general manager, and there were a group 155 00:08:19,920 --> 00:08:24,160 Speaker 1: of female reporters and U and he was shouting and 156 00:08:24,520 --> 00:08:28,080 Speaker 1: having a They had signed a player who had domestic 157 00:08:28,160 --> 00:08:33,440 Speaker 1: violence issue and uh so he shouts to these uh 158 00:08:34,120 --> 00:08:38,720 Speaker 1: female reporters, I am so glad we bleeping have soa 159 00:08:39,559 --> 00:08:44,600 Speaker 1: and he targeted those targeted women. Right now. She wrote 160 00:08:44,640 --> 00:08:48,000 Speaker 1: about it, and they said the Astros thought it was fake. 161 00:08:48,080 --> 00:08:50,720 Speaker 1: The team said, she fabricated the whole yea and in essence, 162 00:08:50,760 --> 00:08:53,520 Speaker 1: like the biggest sin you could commit in journalism, like 163 00:08:53,559 --> 00:08:55,839 Speaker 1: she made it up, but it didn't happen. And then 164 00:08:55,880 --> 00:08:58,719 Speaker 1: they find out, well, it did happen, and then they 165 00:08:58,760 --> 00:09:02,640 Speaker 1: fired you the person who yelled at and then now 166 00:09:02,640 --> 00:09:06,199 Speaker 1: they made them Maybe no statements before investigations. If you're 167 00:09:06,200 --> 00:09:09,040 Speaker 1: going to have an investigation, maybe you don't need to 168 00:09:09,080 --> 00:09:12,320 Speaker 1: come out and say anything other than we're looking into this. 169 00:09:12,559 --> 00:09:14,960 Speaker 1: That's what I was just going to say. That's what 170 00:09:15,120 --> 00:09:17,040 Speaker 1: the other people need to learn about. There you go. 171 00:09:17,280 --> 00:09:19,760 Speaker 1: If you don't know, don't say you don't know what's happening. 172 00:09:20,120 --> 00:09:21,959 Speaker 1: It's like they say, the lawyers, don't ask the question, 173 00:09:22,000 --> 00:09:24,559 Speaker 1: you don't know the answer exactly. This has been the 174 00:09:24,559 --> 00:09:27,600 Speaker 1: Bloomberg Business of Sports podcast on Michael Barr along with 175 00:09:27,640 --> 00:09:32,120 Speaker 1: Scott Sasnik Me you thank you, No Evan, I miss him. 176 00:09:32,280 --> 00:09:35,120 Speaker 1: We're here each and every Monday, Wednesday and Thursday exploring 177 00:09:35,160 --> 00:09:37,440 Speaker 1: the world of money in sports. Joined us again at 178 00:09:37,440 --> 00:09:40,360 Speaker 1: the end of the week when we speak with Michael Caparasso, 179 00:09:40,920 --> 00:09:43,599 Speaker 1: the CEO of the New York road Runners. You know 180 00:09:43,640 --> 00:09:45,720 Speaker 1: they put on a little twenty six point two mile 181 00:09:45,840 --> 00:09:47,600 Speaker 1: run this weekend here in the streets of New York City, 182 00:09:48,160 --> 00:09:50,840 Speaker 1: I heard about that. We miss you. I can watch 183 00:09:50,880 --> 00:09:58,200 Speaker 1: people run forever. You're listening to Bloomberg Businesses, Sports on 184 00:09:58,320 --> 00:10:01,680 Speaker 1: Bloomberg Radio around the world, online, wherever you get your podcasts. 185 00:10:05,600 --> 00:10:08,280 Speaker 1: M hm.