1 00:00:00,280 --> 00:00:03,760 Speaker 1: This is the business of sports. Should Major League Baseball 2 00:00:04,000 --> 00:00:06,840 Speaker 1: shorten up the season? How do we present football to 3 00:00:06,920 --> 00:00:08,920 Speaker 1: the audience of the future. I don't think that most 4 00:00:08,920 --> 00:00:11,640 Speaker 1: players understand the power that they have. Michael vaugh The 5 00:00:11,720 --> 00:00:15,520 Speaker 1: future of IndyCar racing is looking bright. Scott Sashnik, very 6 00:00:15,560 --> 00:00:18,959 Speaker 1: basic math here, more bidders means more money. Evan Nobody Williams. 7 00:00:18,960 --> 00:00:22,079 Speaker 1: The team value has essentially quadruples. And the leaders in 8 00:00:22,120 --> 00:00:25,480 Speaker 1: the sports industry. Time to bring in our guest, Hal's Flimbrunner. 9 00:00:25,600 --> 00:00:29,320 Speaker 1: National Hockey League Commissioner Gary Bettman, Atlanta Braves president Derek Schiller, 10 00:00:29,400 --> 00:00:34,800 Speaker 1: Patriots President Jonathan Kraft. Bloomberg Business of Sports from Bloomberg Radio. Hello, 11 00:00:34,840 --> 00:00:37,760 Speaker 1: I'm Michael barn and I'm Scott Sashnik. Evan Novie Williams 12 00:00:37,800 --> 00:00:40,320 Speaker 1: is off this week. Over the next hour, Michael and 13 00:00:40,360 --> 00:00:42,200 Speaker 1: I will explore the big money issues in the world 14 00:00:42,200 --> 00:00:44,040 Speaker 1: of sports and talk to some of the biggest players 15 00:00:44,080 --> 00:00:46,920 Speaker 1: in the industry. Today, we speak with Jeff Quontinents. He 16 00:00:47,120 --> 00:00:51,120 Speaker 1: is the founder and CEO of Big Three h three 17 00:00:51,159 --> 00:00:54,360 Speaker 1: on three pro basketball league, also created by ice Cube. 18 00:00:54,440 --> 00:00:57,040 Speaker 1: That conversation coming up, but first let's look at some 19 00:00:57,080 --> 00:00:59,800 Speaker 1: of the top stories of this week, and first, less 20 00:01:00,000 --> 00:01:04,360 Speaker 1: wish into the media from former pro soccer player David Beckham. 21 00:01:04,680 --> 00:01:07,360 Speaker 1: Looks like he is getting in even deeper with folks 22 00:01:07,360 --> 00:01:11,440 Speaker 1: in Hollywood. Who doesn't have a distribution company a production 23 00:01:11,480 --> 00:01:14,800 Speaker 1: company these days seems not well, you know, we are 24 00:01:14,920 --> 00:01:17,480 Speaker 1: one here, but I don't personally have one of my 25 00:01:17,560 --> 00:01:20,640 Speaker 1: brand not quite as strong globally as David Beckham. But 26 00:01:21,000 --> 00:01:26,160 Speaker 1: studio got to focus on documentaries, TV shows, like he says, 27 00:01:26,240 --> 00:01:30,240 Speaker 1: other formats too. But you know he's partnering with Let 28 00:01:30,280 --> 00:01:31,920 Speaker 1: me take again, who would you partner with if you 29 00:01:31,959 --> 00:01:34,479 Speaker 1: were an athlete looking to distribute? I bet you it's 30 00:01:34,520 --> 00:01:39,720 Speaker 1: somebody that's now in l A and is currently in 31 00:01:39,760 --> 00:01:43,120 Speaker 1: the NBA. So far, Yes, are we getting closer? Used 32 00:01:43,160 --> 00:01:46,839 Speaker 1: to play for Miami and used to play for Cleveland. Yes, 33 00:01:48,080 --> 00:01:52,400 Speaker 1: has his own platform, The The Uninterrupted Ron. Think about 34 00:01:52,440 --> 00:01:59,480 Speaker 1: that marriage Lebron James and David Beckham. I mean powerhouses. 35 00:01:59,640 --> 00:02:02,520 Speaker 1: Certain the will get meetings in Hollywood. Let's see what 36 00:02:02,600 --> 00:02:04,560 Speaker 1: kind of content they come up with. Now is what 37 00:02:04,600 --> 00:02:08,160 Speaker 1: did they call it? Studio ninety studio man, that's that 38 00:02:08,320 --> 00:02:10,200 Speaker 1: is going to be a powerhouse. They're gonna make more 39 00:02:10,200 --> 00:02:12,359 Speaker 1: money on this than the money that they made when 40 00:02:12,360 --> 00:02:15,680 Speaker 1: they were playing, respectively at the peak of their Remember, 41 00:02:15,720 --> 00:02:18,120 Speaker 1: Beckham cut the best deal ever when as part of 42 00:02:18,160 --> 00:02:21,120 Speaker 1: his playing contract at MLS he had the right to 43 00:02:21,160 --> 00:02:24,880 Speaker 1: get an expansion franchise. It was a ten million bucks 44 00:02:25,040 --> 00:02:27,800 Speaker 1: or whatever his deal called for, far below what the 45 00:02:27,800 --> 00:02:31,160 Speaker 1: expansion franchises are going for now. Good foresight by David 46 00:02:31,200 --> 00:02:33,919 Speaker 1: Beckham and company. Well he's no Bobby Benia, but that's 47 00:02:33,919 --> 00:02:36,480 Speaker 1: another story. Hey, you know what, I'm tired of Met's 48 00:02:36,480 --> 00:02:38,760 Speaker 1: getting killed on that one. If you do, you know 49 00:02:38,800 --> 00:02:41,600 Speaker 1: why the Mets did that, well part of it, I 50 00:02:41,639 --> 00:02:44,200 Speaker 1: know Bernie Madoff was kind of involved in that. Well, 51 00:02:44,240 --> 00:02:47,520 Speaker 1: they were getting twenty percent a year on their money. 52 00:02:47,600 --> 00:02:51,320 Speaker 1: So why would you not amortize all your playing contracts 53 00:02:51,360 --> 00:02:53,600 Speaker 1: over a long period of time if you think the 54 00:02:53,639 --> 00:02:55,720 Speaker 1: money is going to earn more sitting in an account. 55 00:02:55,960 --> 00:02:59,639 Speaker 1: Of course, thinking that made Off wash it, of course, 56 00:02:59,760 --> 00:03:03,200 Speaker 1: but it on the level if you are going to 57 00:03:03,360 --> 00:03:06,080 Speaker 1: run the numbers. It was the smart move for the 58 00:03:06,120 --> 00:03:09,160 Speaker 1: Mets to pay players out over time and let the 59 00:03:09,200 --> 00:03:12,280 Speaker 1: money earn more in the mad Off accounts. It's a 60 00:03:12,280 --> 00:03:16,480 Speaker 1: push in Ohio to learn more about Hamilton Counties secretive 61 00:03:16,520 --> 00:03:20,840 Speaker 1: deal for a revised lease with the Cincinnati Bengals. Scott 62 00:03:20,919 --> 00:03:24,560 Speaker 1: Folks put in a public records request for the info 63 00:03:24,680 --> 00:03:28,280 Speaker 1: of the team. Let's just say transparency doesn't seem to 64 00:03:28,280 --> 00:03:32,080 Speaker 1: be the strongest county here. Then two hundred forty five 65 00:03:32,320 --> 00:03:36,400 Speaker 1: redacted pages. It was so redacted they even redacted the 66 00:03:36,480 --> 00:03:41,839 Speaker 1: page numbers. Yeah, I mean utterly ridiculous that the taxpayers, 67 00:03:41,880 --> 00:03:43,640 Speaker 1: by the way, have already spent You know how much 68 00:03:43,680 --> 00:03:48,200 Speaker 1: the taxpayers have spent on on the stadium, y millions 69 00:03:48,200 --> 00:03:51,120 Speaker 1: so far, So it's gonna go over a billion dollars 70 00:03:51,120 --> 00:03:52,920 Speaker 1: because now this is gonna be there. They're buying the 71 00:03:53,000 --> 00:03:54,920 Speaker 1: land near the stadium. It's gonna be a parking lot 72 00:03:54,920 --> 00:03:57,440 Speaker 1: in new practice facility. So if I'm paying for that, 73 00:03:57,680 --> 00:03:59,640 Speaker 1: I'd sort of like to know the details of the deal. 74 00:04:00,120 --> 00:04:02,280 Speaker 1: So of course, like you said, some of the local 75 00:04:02,280 --> 00:04:04,360 Speaker 1: papers have put in public records request, and what comes 76 00:04:04,360 --> 00:04:10,280 Speaker 1: back from the county two months later, nothing totally redacted contract. Which, 77 00:04:10,360 --> 00:04:12,560 Speaker 1: by the way, how do you think that's gonna play 78 00:04:12,600 --> 00:04:15,360 Speaker 1: out for the home in the Cincinnati Medle. Is that 79 00:04:15,400 --> 00:04:17,960 Speaker 1: going to fuel interest in what's going on? I mean, 80 00:04:18,240 --> 00:04:21,080 Speaker 1: it's going to fuel something where's the sunlight? Just put 81 00:04:21,200 --> 00:04:23,880 Speaker 1: some sunlight. If if you didn't like the terms of 82 00:04:23,920 --> 00:04:26,279 Speaker 1: the deal you cut, don't cut the deal. I've started 83 00:04:26,320 --> 00:04:28,440 Speaker 1: reading that story and I thought, well, something must be 84 00:04:28,480 --> 00:04:32,000 Speaker 1: wrong with I have all these black lines that's on 85 00:04:32,000 --> 00:04:35,680 Speaker 1: on the back every there are full pages redacted, right, 86 00:04:35,800 --> 00:04:38,960 Speaker 1: and we're talking about an NFL team here, the Cincinnati Bengal. 87 00:04:39,080 --> 00:04:42,000 Speaker 1: So this is not like its low profile. This is 88 00:04:42,440 --> 00:04:46,360 Speaker 1: money being used for a sports team in the premier 89 00:04:46,480 --> 00:04:50,360 Speaker 1: US sports league. Taxpayers already out almost a billion dollars, 90 00:04:50,400 --> 00:04:53,840 Speaker 1: gonna go over a billion, and no details released by 91 00:04:53,839 --> 00:04:57,320 Speaker 1: Hamilton's county man. Finally, let's talk about one of the 92 00:04:57,360 --> 00:05:01,480 Speaker 1: country's leading sports agencies that's looking into capitalizing on the 93 00:05:01,600 --> 00:05:04,640 Speaker 1: US Women's World Cup win by forming a new division 94 00:05:04,680 --> 00:05:07,920 Speaker 1: to market the women through sports. He's a marketer. It's 95 00:05:07,960 --> 00:05:10,400 Speaker 1: my friend, Casey Wasserman, friend of the program, guest on 96 00:05:10,440 --> 00:05:15,760 Speaker 1: the program. He says he's creating a unit within his company. 97 00:05:15,800 --> 00:05:18,560 Speaker 1: It's gonna be called the Collective, and it's going to 98 00:05:18,680 --> 00:05:25,880 Speaker 1: focus on connecting female athletes with companies, consumers, fans, YadA, YadA. Now, 99 00:05:26,200 --> 00:05:27,840 Speaker 1: I mean, look at the roster he's already got. It 100 00:05:27,839 --> 00:05:31,520 Speaker 1: would seem to me that Casey at all already focusing 101 00:05:31,600 --> 00:05:33,640 Speaker 1: on female athletes, are ready for this name the stable 102 00:05:33,680 --> 00:05:38,400 Speaker 1: of people and players in his company, Supert Maya Moore, 103 00:05:38,960 --> 00:05:45,080 Speaker 1: Kata Ladecki, Hillary Knight, Alex Morrigan, Megan Rapino, you know what? 104 00:05:45,320 --> 00:05:48,400 Speaker 1: And and those are names where and nobody's going who? Right, 105 00:05:48,720 --> 00:05:51,920 Speaker 1: That's that's that's the key. That's a stable. Yeah. I'm 106 00:05:51,920 --> 00:05:54,600 Speaker 1: not sure what you do differently because you have a 107 00:05:54,640 --> 00:06:00,719 Speaker 1: female athletes division. What we'll see, but certainly there has 108 00:06:00,760 --> 00:06:02,920 Speaker 1: been some sort of tipping point coming out of this 109 00:06:03,000 --> 00:06:06,560 Speaker 1: World Cup. Did you see all the little girls and 110 00:06:06,839 --> 00:06:10,640 Speaker 1: boys that were lined up the Canyon of Heroes to 111 00:06:10,680 --> 00:06:12,640 Speaker 1: get a glimpse of the U S women's national team, 112 00:06:13,600 --> 00:06:17,440 Speaker 1: which is in three people at least at least. Yeah, 113 00:06:17,440 --> 00:06:19,440 Speaker 1: it's is we got have we gotten to the point? 114 00:06:19,440 --> 00:06:21,680 Speaker 1: And Megan Rapino said this, have we gotten to the 115 00:06:21,720 --> 00:06:24,400 Speaker 1: point now? It was like yeah, the discussion, uh, through 116 00:06:24,440 --> 00:06:28,040 Speaker 1: the women deserve more? Is that that? That's that's gone. 117 00:06:28,640 --> 00:06:31,680 Speaker 1: The point now is let's do the right thing and 118 00:06:31,760 --> 00:06:34,359 Speaker 1: on the bigger scale for companies, it's about buying power. 119 00:06:34,440 --> 00:06:37,800 Speaker 1: So that's where we are. Now let's get to this 120 00:06:37,839 --> 00:06:40,360 Speaker 1: week's interview. With Jeff Continence. He is the founder and 121 00:06:40,480 --> 00:06:44,440 Speaker 1: CEO of Big Three three on three pro basketball league, 122 00:06:44,440 --> 00:06:47,520 Speaker 1: also created by ice Cube. When he's not running Big Three, 123 00:06:47,680 --> 00:06:51,040 Speaker 1: Jeff keeps busy with a film and television production company. 124 00:06:51,080 --> 00:06:54,320 Speaker 1: He founded a music management firm and a record label, 125 00:06:54,400 --> 00:06:56,520 Speaker 1: and Michaels a man on the go. Jeff comes to 126 00:06:56,640 --> 00:06:58,839 Speaker 1: us from like the Madden Cruiser. Do you have a 127 00:06:58,920 --> 00:07:01,240 Speaker 1: name for the bus you level around on you? I 128 00:07:01,320 --> 00:07:04,080 Speaker 1: don't have a name for the bus. We need a name. 129 00:07:04,640 --> 00:07:07,440 Speaker 1: I'm still deciding if I like it or not. All right, Well, 130 00:07:07,600 --> 00:07:09,560 Speaker 1: if you do decide by a name to give it, 131 00:07:09,720 --> 00:07:11,520 Speaker 1: if you decide you're gonna keep it, then maybe you know, 132 00:07:11,520 --> 00:07:12,760 Speaker 1: in a few weeks we're going to get a name 133 00:07:12,800 --> 00:07:14,520 Speaker 1: out of you. But you're on your way to Brooklyn, 134 00:07:14,720 --> 00:07:17,280 Speaker 1: New York. Big Three coming to Brooklyn. What is the 135 00:07:17,360 --> 00:07:22,520 Speaker 1: appetite four Big Three in New York as compared to 136 00:07:22,560 --> 00:07:26,680 Speaker 1: other cities around the US. New York and Barclay specifically 137 00:07:27,280 --> 00:07:31,440 Speaker 1: was our very first camp two years ago and we 138 00:07:31,520 --> 00:07:35,160 Speaker 1: played the finals there left year, So there is a 139 00:07:35,200 --> 00:07:38,880 Speaker 1: lot of appetite in New York and frankly New York 140 00:07:39,080 --> 00:07:43,480 Speaker 1: is I would call it the capital of basketball in America. 141 00:07:44,520 --> 00:07:46,920 Speaker 1: Ice Cub would take issue with that. He would say 142 00:07:46,920 --> 00:07:51,600 Speaker 1: it was l a He's a big Lakers fan, you know, 143 00:07:51,720 --> 00:07:54,440 Speaker 1: But I'm a Knicks fan, so I know what it's 144 00:07:54,520 --> 00:07:57,640 Speaker 1: like to suffer and still be a fan, and uh 145 00:07:57,920 --> 00:08:01,000 Speaker 1: we still fill the garden. You are the epitome of 146 00:08:01,040 --> 00:08:04,320 Speaker 1: optimists if you are going on media these days saying 147 00:08:04,440 --> 00:08:06,960 Speaker 1: I am a Knicks fan. I didn't say that I 148 00:08:07,040 --> 00:08:13,600 Speaker 1: was an optimist. I'm looking for sympathy. You're talking to 149 00:08:13,640 --> 00:08:15,920 Speaker 1: a native Detroiter, so I get where you're coming from. 150 00:08:17,080 --> 00:08:19,240 Speaker 1: Can you give me a sort of the backstory? What 151 00:08:19,360 --> 00:08:21,440 Speaker 1: was the genesis of this league? I mean, sometimes this 152 00:08:21,520 --> 00:08:23,440 Speaker 1: is like two guys on a bar stool. Sometimes I'm 153 00:08:23,480 --> 00:08:26,040 Speaker 1: sitting at home and I'm struck by lightning. What was 154 00:08:26,080 --> 00:08:28,680 Speaker 1: the genesis of You know that these guys are brand 155 00:08:28,800 --> 00:08:31,480 Speaker 1: names even after they're done playing. What if I put 156 00:08:31,560 --> 00:08:34,280 Speaker 1: them together to play three on three? Will people show up? 157 00:08:34,320 --> 00:08:38,680 Speaker 1: Can I aggregate eyeballs for that offering? Um, it's interesting question. 158 00:08:39,240 --> 00:08:42,360 Speaker 1: You know. I had had some thoughts around the game 159 00:08:42,400 --> 00:08:46,079 Speaker 1: at three on three because they never understood why there 160 00:08:46,120 --> 00:08:49,320 Speaker 1: wasn't a professional league because it is the most played sport. 161 00:08:50,320 --> 00:08:53,040 Speaker 1: But then when you watch how Phoebus stage is it, 162 00:08:53,400 --> 00:08:57,040 Speaker 1: you understand because it looks very amateurs and the rules 163 00:08:57,360 --> 00:08:59,560 Speaker 1: and the thing about three and three is is personal 164 00:09:00,080 --> 00:09:03,760 Speaker 1: means people play defense, and it's a quick game. Now Cube, 165 00:09:04,080 --> 00:09:06,920 Speaker 1: being a Lakers fan, he is was very upset to 166 00:09:06,960 --> 00:09:10,360 Speaker 1: see Kobe go. He's also friends with Kobe, and you know, 167 00:09:10,440 --> 00:09:12,880 Speaker 1: he scored I think he scored fifty points in his 168 00:09:12,960 --> 00:09:17,480 Speaker 1: last game. So Qub calls me and says, how could 169 00:09:17,520 --> 00:09:20,000 Speaker 1: a guy could scored fifty points in the last game? 170 00:09:21,160 --> 00:09:23,599 Speaker 1: How could there not be a place for him. We 171 00:09:23,679 --> 00:09:25,920 Speaker 1: gotta figure out there's got to be some kind of 172 00:09:25,920 --> 00:09:30,960 Speaker 1: a league where we take advantage, you know, of these guys, 173 00:09:31,080 --> 00:09:33,640 Speaker 1: not take advantage of these guys, but take advantage of 174 00:09:33,640 --> 00:09:36,520 Speaker 1: their abilities and give them a place to still play 175 00:09:36,600 --> 00:09:38,760 Speaker 1: where they don't have to play the two games, you know, 176 00:09:38,800 --> 00:09:42,240 Speaker 1: which is a grueling schedule. And I said, well, I've 177 00:09:42,280 --> 00:09:45,320 Speaker 1: always had this three on three idea, and that's how 178 00:09:45,400 --> 00:09:49,600 Speaker 1: it started. And we literally spent probably at least an 179 00:09:49,600 --> 00:09:54,079 Speaker 1: hour to a day for a year talking through But 180 00:09:54,240 --> 00:09:58,400 Speaker 1: the setup would be, you know, researching the rules, you know, 181 00:09:58,880 --> 00:10:01,960 Speaker 1: arguing about, you know, how to make it the most 182 00:10:02,000 --> 00:10:07,600 Speaker 1: competitive and attractive and one day we were far enough 183 00:10:07,920 --> 00:10:10,400 Speaker 1: in it, but we looked at each other and said, 184 00:10:10,760 --> 00:10:13,240 Speaker 1: we're just gonna keep talking about this or should we 185 00:10:13,320 --> 00:10:15,679 Speaker 1: do it? That's how it sounds like a great story. 186 00:10:15,720 --> 00:10:17,760 Speaker 1: I like it. And some of the names that you 187 00:10:17,840 --> 00:10:20,760 Speaker 1: have in this are still pretty big names and still 188 00:10:20,800 --> 00:10:27,599 Speaker 1: some household names. Yeah, but not Kobe, I know, you know, no, 189 00:10:28,000 --> 00:10:30,640 Speaker 1: did you ask him? Of course we asked them. You know, 190 00:10:31,040 --> 00:10:33,760 Speaker 1: we have, you know, to get the relationship with him. 191 00:10:34,360 --> 00:10:37,920 Speaker 1: You know, part of this what Big Three really is 192 00:10:37,920 --> 00:10:42,839 Speaker 1: is it is a professionally it is the professional three 193 00:10:42,880 --> 00:10:46,480 Speaker 1: leg in the world. So it's not something you know, 194 00:10:46,559 --> 00:10:50,280 Speaker 1: the first year, some guys thought, yeah, I'll go play 195 00:10:50,360 --> 00:10:54,880 Speaker 1: with my old friends and you know, play three and three. 196 00:10:54,960 --> 00:10:59,240 Speaker 1: Big deal. And they found out pretty quick, you know, 197 00:10:59,320 --> 00:11:02,240 Speaker 1: that first game in at Barclays when there were fifteen 198 00:11:02,240 --> 00:11:07,120 Speaker 1: thousand people there and most of the guys worked out 199 00:11:07,240 --> 00:11:09,760 Speaker 1: and came to play that you couldn't just phone it in. 200 00:11:10,320 --> 00:11:15,040 Speaker 1: So a guy like Kobe, you played twenty years you 201 00:11:15,080 --> 00:11:19,079 Speaker 1: know in the league. We went either way because what 202 00:11:19,240 --> 00:11:22,880 Speaker 1: we don't want. It's kind of what we just went through, 203 00:11:23,640 --> 00:11:27,319 Speaker 1: you know with certain guys, you know, like Baron Davis, 204 00:11:27,400 --> 00:11:32,360 Speaker 1: you know, who doesn't take it serious, doesn't show up 205 00:11:32,760 --> 00:11:37,120 Speaker 1: in shape um and ready to play, because then he 206 00:11:37,160 --> 00:11:39,480 Speaker 1: has a contribute to his team, and his teams upset 207 00:11:40,400 --> 00:11:44,640 Speaker 1: and it's not as competitive. So the guys we want 208 00:11:45,360 --> 00:11:49,520 Speaker 1: are the guys who want to play professional basketball, you know. 209 00:11:49,559 --> 00:11:52,400 Speaker 1: So we've had guys, big names who have said I 210 00:11:52,440 --> 00:11:55,600 Speaker 1: want to play, and in a few months February rose 211 00:11:55,640 --> 00:11:58,600 Speaker 1: around and they just say, my body is not responding. 212 00:11:58,800 --> 00:12:01,640 Speaker 1: You know, I can't play that level. It's a more 213 00:12:01,720 --> 00:12:04,560 Speaker 1: physical game than the NBA. You know, it's kind of 214 00:12:04,559 --> 00:12:07,480 Speaker 1: a throwback, so you really got to be ready to 215 00:12:07,559 --> 00:12:09,679 Speaker 1: do it. So you have to want to do it. 216 00:12:10,120 --> 00:12:14,080 Speaker 1: And I think Kobe he gave twenty years of the game, 217 00:12:15,000 --> 00:12:18,640 Speaker 1: he went out, he won an oscar, he's having fun 218 00:12:18,720 --> 00:12:21,880 Speaker 1: and success. Maybe he'll get that inch again and want 219 00:12:21,880 --> 00:12:24,480 Speaker 1: to do it, which we hope, but for right now, 220 00:12:25,160 --> 00:12:28,079 Speaker 1: I think he's doing fun. He's very supportive of the league. 221 00:12:28,440 --> 00:12:30,839 Speaker 1: Am I right? That the benches are a little bit 222 00:12:30,840 --> 00:12:34,199 Speaker 1: shorter in the three on three in this league than 223 00:12:34,320 --> 00:12:37,199 Speaker 1: obviously a regular NBA league, which is why you got 224 00:12:37,200 --> 00:12:39,760 Speaker 1: to be in shape. Yes, of course, you know there's 225 00:12:39,800 --> 00:12:42,720 Speaker 1: six guys, But the thing that really does it because 226 00:12:42,720 --> 00:12:47,359 Speaker 1: if you watch the game, the speed from offense to defense. 227 00:12:47,840 --> 00:12:53,000 Speaker 1: There's no lollygagging down the court, you know, jogging down 228 00:12:53,000 --> 00:12:55,719 Speaker 1: the court to the other side. Now, you know, one 229 00:12:55,720 --> 00:12:58,560 Speaker 1: of the advantages of our league is when you have 230 00:12:59,360 --> 00:13:02,440 Speaker 1: all deploy years, you know, in their in their late 231 00:13:02,480 --> 00:13:06,040 Speaker 1: twenties and in their thirties, their basketball i Q is 232 00:13:06,080 --> 00:13:09,960 Speaker 1: so much greater than the younger kids. And if you're 233 00:13:10,000 --> 00:13:13,240 Speaker 1: working out, you know, I mean, these are not old people, 234 00:13:13,520 --> 00:13:18,600 Speaker 1: you know, thirty two, thirty five years old. You know, 235 00:13:18,960 --> 00:13:22,640 Speaker 1: they're athletes. But at the same time, running up and 236 00:13:22,679 --> 00:13:26,440 Speaker 1: down the court to keep up with John Wall eighty 237 00:13:26,520 --> 00:13:32,520 Speaker 1: two games is really hard. So I think that we've eliminated, 238 00:13:33,080 --> 00:13:38,199 Speaker 1: you know, the disadvantage of being older, and we've magnify 239 00:13:38,360 --> 00:13:43,680 Speaker 1: the advantages by putting such a premium on basketball i 240 00:13:43,840 --> 00:13:50,120 Speaker 1: Q and on strategy and you know, shot making, you know, 241 00:13:50,360 --> 00:13:53,960 Speaker 1: and also there's such a premium on defense. Having said that, 242 00:13:54,480 --> 00:13:58,400 Speaker 1: it's physically demanding. Let me ask you about the money 243 00:13:58,440 --> 00:14:01,960 Speaker 1: behind the big three traditional sports leagues. You've got your 244 00:14:02,000 --> 00:14:04,880 Speaker 1: media deal, you've got your gate and revenue, you've got 245 00:14:04,920 --> 00:14:07,199 Speaker 1: your merch Break it down for me. How does the 246 00:14:07,240 --> 00:14:10,400 Speaker 1: Big three make his money? Well right now, you know 247 00:14:10,400 --> 00:14:14,480 Speaker 1: we have investors Ice Cuban I through the prominent ones. 248 00:14:14,720 --> 00:14:16,600 Speaker 1: You know, we put our money where our mouth is. 249 00:14:16,760 --> 00:14:18,440 Speaker 1: How much we have can you say how much in 250 00:14:18,480 --> 00:14:23,040 Speaker 1: for we're infa millions, you know, not tens of millions 251 00:14:23,040 --> 00:14:25,800 Speaker 1: of a millions, Like the reality of the Sports League 252 00:14:26,400 --> 00:14:29,960 Speaker 1: is the real last league to make it with USC 253 00:14:30,400 --> 00:14:33,560 Speaker 1: which you know the genesis was about twenty years ago. 254 00:14:34,200 --> 00:14:37,120 Speaker 1: There's a reason why we don't see the league succeed. 255 00:14:37,720 --> 00:14:41,040 Speaker 1: It's a it's a very difficult thing. Um. We knew 256 00:14:41,040 --> 00:14:43,200 Speaker 1: it was difficult when we went in. We have no 257 00:14:43,320 --> 00:14:46,200 Speaker 1: idea how difficult. And all those activities that you say 258 00:14:46,240 --> 00:14:49,320 Speaker 1: I do, those are what I used to do because 259 00:14:50,040 --> 00:14:52,320 Speaker 1: cub and I have to put so much time into 260 00:14:52,360 --> 00:14:55,680 Speaker 1: this that literally, you know, he hasn't made a movie 261 00:14:55,680 --> 00:14:57,720 Speaker 1: in the years, and it makes a lot of money 262 00:14:58,640 --> 00:15:01,640 Speaker 1: ten million dollars a movie. Um, and I make a 263 00:15:01,640 --> 00:15:04,359 Speaker 1: lot of money as a producer, and we've had to 264 00:15:04,480 --> 00:15:09,240 Speaker 1: focus on this. This could not be our time endeavor. Um. 265 00:15:09,280 --> 00:15:12,640 Speaker 1: But we did go out. We got some great investors. Um. 266 00:15:12,840 --> 00:15:16,680 Speaker 1: But ultimately the way that you know, virtually all sports 267 00:15:16,960 --> 00:15:21,440 Speaker 1: their revenues our first, you know, their media deal and sponsors. 268 00:15:21,960 --> 00:15:27,560 Speaker 1: I mean ultimately merchandise, you know, does become a good 269 00:15:27,600 --> 00:15:32,280 Speaker 1: revenue source. Sometimes tickets, but it's not a lot of 270 00:15:32,320 --> 00:15:35,280 Speaker 1: money and tickets. It's television. And when you look at 271 00:15:35,280 --> 00:15:38,440 Speaker 1: the big leagues, you know that are raking in you know, 272 00:15:38,480 --> 00:15:41,240 Speaker 1: the highest profits, whether it's the NFL you know in 273 00:15:41,280 --> 00:15:44,480 Speaker 1: our country, at the NFL or the NBA. You don't 274 00:15:44,480 --> 00:15:47,400 Speaker 1: need to go much further than the media deal. And 275 00:15:47,400 --> 00:15:50,160 Speaker 1: then when you look at the sponsorship deals, you know 276 00:15:50,520 --> 00:15:53,600 Speaker 1: that really is where a lot of the money comes in. 277 00:15:54,440 --> 00:15:57,200 Speaker 1: Um I mean when I say media deals, I mean 278 00:15:57,240 --> 00:15:59,520 Speaker 1: the NBA makes a lot of money around the world. 279 00:16:00,360 --> 00:16:03,480 Speaker 1: You know, they get paid, you know, jumping around a 280 00:16:03,560 --> 00:16:07,280 Speaker 1: hundred and seventy million a year just for broadcasting French. 281 00:16:07,360 --> 00:16:09,760 Speaker 1: But they understand, Jeff, let me interrupt. They understand the 282 00:16:09,880 --> 00:16:12,240 Speaker 1: value of being on the ground in China. They have 283 00:16:12,320 --> 00:16:14,640 Speaker 1: been there for decades. That's how you have to do 284 00:16:14,720 --> 00:16:17,400 Speaker 1: the business. I think you get it because you're on 285 00:16:17,440 --> 00:16:19,680 Speaker 1: your way to China. You know, you need to be 286 00:16:19,760 --> 00:16:22,440 Speaker 1: there to cultivate a fan base. That's absolutely true. And 287 00:16:22,480 --> 00:16:25,880 Speaker 1: we're doing some exhibition games this year in the fall. 288 00:16:26,080 --> 00:16:29,600 Speaker 1: I mean China. It's hard to explain how big of 289 00:16:29,640 --> 00:16:32,440 Speaker 1: a market it is, except I can tell you there 290 00:16:32,480 --> 00:16:36,160 Speaker 1: are more people that are basketball fans and registered as 291 00:16:36,160 --> 00:16:40,640 Speaker 1: such than there are people in America. And the NBA 292 00:16:40,920 --> 00:16:44,960 Speaker 1: has cultivated a rapid following, and you know, they're excited 293 00:16:45,000 --> 00:16:48,320 Speaker 1: to have us over. But you know, to the general question, 294 00:16:50,160 --> 00:16:54,480 Speaker 1: it takes time to you know, to get media deals 295 00:16:54,680 --> 00:16:59,000 Speaker 1: to the point where you know, you get the profitability. 296 00:16:59,320 --> 00:17:01,960 Speaker 1: But that's the most important thing. And we made a 297 00:17:02,040 --> 00:17:05,560 Speaker 1: lot of strides sponsors. You know, we have a great sponsor, 298 00:17:05,640 --> 00:17:10,359 Speaker 1: Adidas that you know, you know, we just we're able 299 00:17:10,400 --> 00:17:13,760 Speaker 1: to decrease the price of our tickets because it beats 300 00:17:13,800 --> 00:17:18,199 Speaker 1: helps us. They help us with our UM you know, 301 00:17:18,320 --> 00:17:21,840 Speaker 1: with some of our things we do in the communities. 302 00:17:22,400 --> 00:17:25,200 Speaker 1: We have this program called Young three where we work 303 00:17:25,280 --> 00:17:28,200 Speaker 1: with under privileged kids boys the growth clubs and every 304 00:17:28,200 --> 00:17:30,760 Speaker 1: city we go to and they help us with that 305 00:17:31,680 --> 00:17:34,800 Speaker 1: UM and they put a lot of money in. You know, 306 00:17:34,920 --> 00:17:39,159 Speaker 1: We've added Toyota and Stay Farm, um C, d M 307 00:17:39,280 --> 00:17:44,800 Speaker 1: D Alexanani as sponsors and that will grow, you know, 308 00:17:45,119 --> 00:17:53,280 Speaker 1: because sponsors, you know, media, they also know the success 309 00:17:53,400 --> 00:17:56,639 Speaker 1: race of new leagues and they stood on the sidelines 310 00:17:57,119 --> 00:18:01,199 Speaker 1: and wait for you to prove it, and slowly we 311 00:18:01,280 --> 00:18:04,679 Speaker 1: are proving it. You have a deal now with CBS. 312 00:18:05,119 --> 00:18:07,639 Speaker 1: What's the financial arrangement between the league and the network? 313 00:18:07,920 --> 00:18:11,280 Speaker 1: Like I said, fledgling networks often don't get big dollar 314 00:18:11,359 --> 00:18:15,639 Speaker 1: commitments fledging leagues rather don't get big dollar commitments from leagues. 315 00:18:15,680 --> 00:18:17,800 Speaker 1: Oftentimes it's just sort of we'll give you the airtime 316 00:18:17,880 --> 00:18:20,920 Speaker 1: and revenue split. How are you working that with CBS. 317 00:18:21,000 --> 00:18:24,639 Speaker 1: I mean, look, we made a decision that instead of 318 00:18:24,640 --> 00:18:29,440 Speaker 1: taking a check from smaller outlets um Or or new 319 00:18:29,480 --> 00:18:32,480 Speaker 1: Media um that we wanted to be in the number 320 00:18:32,480 --> 00:18:37,400 Speaker 1: one network and on one sports network because the growthively, 321 00:18:38,040 --> 00:18:40,920 Speaker 1: you need to be exposed and people need to see. 322 00:18:41,160 --> 00:18:47,800 Speaker 1: So it's not a lucrative by dollar releastionship, but it 323 00:18:48,000 --> 00:18:52,200 Speaker 1: is very lucrative in terms of the exposure gets. Stub 324 00:18:52,240 --> 00:18:54,880 Speaker 1: and I are all about building to the future, so 325 00:18:55,000 --> 00:18:59,560 Speaker 1: it's in it's investment, and Jeff, I want to spin 326 00:18:59,640 --> 00:19:02,879 Speaker 1: a little bit towards something else you tried to do 327 00:19:03,400 --> 00:19:06,240 Speaker 1: and that's turned the attention towards the Fox regional sports 328 00:19:06,320 --> 00:19:11,280 Speaker 1: networks that ultimately went to Sinclair. What was the plan 329 00:19:12,080 --> 00:19:14,639 Speaker 1: for a guy who owns a three on three basketball 330 00:19:14,720 --> 00:19:18,840 Speaker 1: league with ice Cube to look to acquire twenty one 331 00:19:18,920 --> 00:19:22,560 Speaker 1: regional sports networks with financial backing to the tune of 332 00:19:22,600 --> 00:19:26,280 Speaker 1: ten plus billion dollars. Well, first of all, Sinclair doesn't 333 00:19:26,320 --> 00:19:29,399 Speaker 1: have them yet. There is some hurdles they have to 334 00:19:29,440 --> 00:19:33,919 Speaker 1: go through, including the d J and the SEC, and 335 00:19:34,280 --> 00:19:36,200 Speaker 1: you know, I think that it's not going to be 336 00:19:36,320 --> 00:19:39,159 Speaker 1: smooth sailing for them. So we are still in the 337 00:19:39,240 --> 00:19:43,400 Speaker 1: hunts to the RSS. The reason why we we wanted 338 00:19:43,640 --> 00:19:46,600 Speaker 1: to acquire them, it's more about the lessons we learned 339 00:19:46,960 --> 00:19:50,199 Speaker 1: from Big three. He can't take the two or three 340 00:19:50,240 --> 00:19:52,880 Speaker 1: and a million dollar assets and leverage it into ten 341 00:19:52,920 --> 00:19:55,680 Speaker 1: and a half billion dollar one. But we learned is 342 00:19:55,720 --> 00:19:58,840 Speaker 1: that there's a lot of room for new voices. And 343 00:19:58,880 --> 00:20:02,639 Speaker 1: we're told by the NFL, we're told by other people 344 00:20:02,800 --> 00:20:06,200 Speaker 1: that sports and politics don't make ice Cube and Eye 345 00:20:06,560 --> 00:20:10,040 Speaker 1: and our group, you know Lad, you know, by Cool 346 00:20:10,119 --> 00:20:14,760 Speaker 1: J and mattnew Johnson and Bob Sweena Williams and other people. 347 00:20:15,320 --> 00:20:19,360 Speaker 1: We don't believe the supports and politics or in culture 348 00:20:19,440 --> 00:20:22,400 Speaker 1: don't mix. We actually think they do. In this day 349 00:20:22,400 --> 00:20:27,760 Speaker 1: and age, sports heroes tend to have more credibility than politicians. 350 00:20:27,880 --> 00:20:29,720 Speaker 1: Take a look at the US women's national team that 351 00:20:29,760 --> 00:20:33,240 Speaker 1: paraded New York speaks volumes to what you're talking about exactly, 352 00:20:33,480 --> 00:20:35,680 Speaker 1: you know, and and you know you look at like, 353 00:20:36,119 --> 00:20:39,000 Speaker 1: you know, Lebron and has shut up and dribble. You know, 354 00:20:39,200 --> 00:20:41,240 Speaker 1: that might have been the case twenty years ago, but 355 00:20:41,320 --> 00:20:46,720 Speaker 1: today sports heroes they can go on social media. They 356 00:20:46,720 --> 00:20:50,879 Speaker 1: could explain their point of view. If someone thinks the 357 00:20:50,960 --> 00:20:53,719 Speaker 1: world is flat, then ain't gonna hold up. If somebody 358 00:20:53,720 --> 00:20:57,520 Speaker 1: has something to say, there's ways to really interact with them. 359 00:20:57,560 --> 00:21:02,000 Speaker 1: So we look at these networks that have basically hit 360 00:21:02,080 --> 00:21:08,600 Speaker 1: shows that are called baseball or or hockey or basketball. 361 00:21:09,040 --> 00:21:13,439 Speaker 1: They have the local games, they do huge numbers, but 362 00:21:13,520 --> 00:21:18,800 Speaker 1: they're not promoting anything else on the network. And we 363 00:21:19,040 --> 00:21:24,639 Speaker 1: felt that with that base of sports bands and access 364 00:21:24,640 --> 00:21:28,960 Speaker 1: with sports people, that there would be a platform for 365 00:21:29,160 --> 00:21:33,200 Speaker 1: people like Jamal Hill. Imagine a morning show with Jamal 366 00:21:33,320 --> 00:21:38,920 Speaker 1: Hill and ice Cube and maybe Rappaport right, not performer 367 00:21:39,000 --> 00:21:44,080 Speaker 1: producer Medina Parwana love, Michael Rappaport favorite, yeah and not 368 00:21:44,200 --> 00:21:48,879 Speaker 1: and not to compete with PEPs one of ESPN, but 369 00:21:49,040 --> 00:21:53,479 Speaker 1: actually to compete with you know, the Today's Show, you know, 370 00:21:53,560 --> 00:21:58,000 Speaker 1: a Good Morning America, you know, which is designed towards 371 00:21:58,000 --> 00:22:02,320 Speaker 1: an older audience and a more conservative audience. There's such 372 00:22:02,359 --> 00:22:07,359 Speaker 1: a gap on on television. I want to take television. 373 00:22:07,840 --> 00:22:11,800 Speaker 1: You know, whether it's you know, through mobile, whether it's 374 00:22:11,840 --> 00:22:15,920 Speaker 1: through over the top, or whether it's through traditional PV, 375 00:22:16,800 --> 00:22:20,880 Speaker 1: it doesn't matter. You know, content on a mass scale 376 00:22:21,880 --> 00:22:26,720 Speaker 1: is missing a more diverse and inclusive point of view. 377 00:22:27,560 --> 00:22:33,840 Speaker 1: And thankly baseball could benefit from that greatly because they 378 00:22:33,920 --> 00:22:40,479 Speaker 1: need to bring into bands and the NBA already you know, 379 00:22:40,560 --> 00:22:44,280 Speaker 1: excels at it. So we felt it was a perfect 380 00:22:44,359 --> 00:22:49,480 Speaker 1: opportunity to do that. We still feel that, um, you know, 381 00:22:49,640 --> 00:22:53,040 Speaker 1: it wouldn't all be at the handed. There would be 382 00:22:53,119 --> 00:22:56,360 Speaker 1: things that would be fun reproduced. Hip Hop Squares were 383 00:22:56,400 --> 00:23:01,919 Speaker 1: producing a remake of Somebody Deathmatch, you could imagine, you know, 384 00:23:02,000 --> 00:23:05,119 Speaker 1: we picked we tempered hip Hop Squares some h one 385 00:23:05,320 --> 00:23:10,120 Speaker 1: with some of our sports guys three. You know, celebrity 386 00:23:10,200 --> 00:23:13,919 Speaker 1: deathmatch is a natural for some sports things. You know, 387 00:23:14,359 --> 00:23:17,600 Speaker 1: why have Lebron go to HBO for showtime if he 388 00:23:17,680 --> 00:23:20,280 Speaker 1: can come and talk. You know, we wanted to be 389 00:23:20,320 --> 00:23:23,560 Speaker 1: a place where people can can have those points of 390 00:23:23,640 --> 00:23:28,240 Speaker 1: views and where a younger audience of millennials and gen 391 00:23:28,359 --> 00:23:32,000 Speaker 1: z had a place to go through. Everybody talked about 392 00:23:32,040 --> 00:23:36,560 Speaker 1: cord cutting, and that's real, except there's a dirty little 393 00:23:36,600 --> 00:23:40,400 Speaker 1: secret that well what are they miss in by cord cutting? 394 00:23:41,119 --> 00:23:46,159 Speaker 1: And you know, with a few exceptions, not much because 395 00:23:46,280 --> 00:23:54,480 Speaker 1: most television is targeted towards polarized groups and and older 396 00:23:54,600 --> 00:23:58,920 Speaker 1: and older who are very young. But yeah, like Nickelodeon 397 00:23:59,000 --> 00:24:02,160 Speaker 1: or the ME So we we saw a real gap 398 00:24:02,600 --> 00:24:06,280 Speaker 1: and we're convinced this would be the right network to 399 00:24:06,320 --> 00:24:09,399 Speaker 1: do it. So we're not giving up yet. And you know, 400 00:24:09,560 --> 00:24:11,119 Speaker 1: I mean a lot of the reasons that d o 401 00:24:11,240 --> 00:24:16,840 Speaker 1: J was against Disney keeping the RSNS because they felt 402 00:24:16,840 --> 00:24:22,120 Speaker 1: that they would have too much. Yeah, but but Hinclair 403 00:24:22,560 --> 00:24:27,439 Speaker 1: is the biggest owner of stations of local affiliates, so 404 00:24:27,480 --> 00:24:31,840 Speaker 1: they have affiliates on all the four networks. So they 405 00:24:31,920 --> 00:24:35,399 Speaker 1: not only now have it's this deal went through a 406 00:24:35,480 --> 00:24:40,840 Speaker 1: basketball baseball, but they also have every single year the 407 00:24:40,880 --> 00:24:44,560 Speaker 1: Super Bowl and every time the Olympics plays the Master. 408 00:24:45,440 --> 00:24:48,360 Speaker 1: Between all their four network they have all the sports. 409 00:24:48,800 --> 00:24:56,520 Speaker 1: So actually they have much more control and ability to 410 00:24:56,760 --> 00:25:02,840 Speaker 1: leverage sports against distributors like the cable companies and the 411 00:25:02,880 --> 00:25:06,840 Speaker 1: satellite companies. I'm convinced that the d J, if they 412 00:25:06,840 --> 00:25:09,440 Speaker 1: had a choice of who to get it to, Claire 413 00:25:09,520 --> 00:25:12,760 Speaker 1: or Disney, that they would give it to Disney. I 414 00:25:12,800 --> 00:25:17,560 Speaker 1: think that they when they asked Disney, you know, as 415 00:25:17,560 --> 00:25:19,400 Speaker 1: far as a good tent to create to get rid 416 00:25:19,400 --> 00:25:22,080 Speaker 1: of the RSNS, he thought there would be a more 417 00:25:22,200 --> 00:25:25,080 Speaker 1: robust market for it. I do not think that they 418 00:25:25,080 --> 00:25:28,280 Speaker 1: intended Claire to get it. Jeff, thanks so much for 419 00:25:28,280 --> 00:25:30,639 Speaker 1: taking the time. We appreciate it, Thank you, sir. All Right, 420 00:25:30,800 --> 00:25:35,800 Speaker 1: all right, you guys, he has so many irons in 421 00:25:35,840 --> 00:25:38,479 Speaker 1: the fire, if you can call it that, And I 422 00:25:38,520 --> 00:25:40,080 Speaker 1: was thinking about that when he was mentioning some of 423 00:25:40,119 --> 00:25:43,199 Speaker 1: the other shows with hip hop squares and things like 424 00:25:43,280 --> 00:25:47,280 Speaker 1: that Celebrity Deathmatch. It just impresses me how many things 425 00:25:47,359 --> 00:25:51,120 Speaker 1: he has going and how successful they are. Yeah. For me, 426 00:25:51,280 --> 00:25:57,200 Speaker 1: the takeaway is we need the big exposure they're pumping 427 00:25:57,280 --> 00:26:00,879 Speaker 1: millions in sports leagues don't always work. This is not 428 00:26:01,000 --> 00:26:03,880 Speaker 1: a definite you. I mean, they've got their sponsors coming 429 00:26:03,880 --> 00:26:06,480 Speaker 1: on now. But as we know, bar and as I 430 00:26:06,520 --> 00:26:10,320 Speaker 1: have said add nauseum on this program, this is about scale. 431 00:26:10,880 --> 00:26:13,880 Speaker 1: It's about the media for Big Three in every other 432 00:26:13,920 --> 00:26:17,480 Speaker 1: sports league, whether it's XFL or the Big Boys or 433 00:26:17,520 --> 00:26:19,879 Speaker 1: the New Ones, coming on. You have got to have 434 00:26:20,040 --> 00:26:25,160 Speaker 1: widespread distribution. You have got to aggregate those eyeballs. And then, 435 00:26:25,200 --> 00:26:28,120 Speaker 1: as John Skipper said years ago, it is my job 436 00:26:28,200 --> 00:26:30,880 Speaker 1: to figure out how to monetize those eyeballs. That's why 437 00:26:30,880 --> 00:26:33,520 Speaker 1: they're going to China and they're gonna see if they 438 00:26:33,520 --> 00:26:37,760 Speaker 1: can get more eyeballs. And then, as he said, it's 439 00:26:37,800 --> 00:26:39,840 Speaker 1: it's not a big dollars and cents steal from CBS. 440 00:26:39,840 --> 00:26:41,199 Speaker 1: In other words, it was like, they're not paying us 441 00:26:41,200 --> 00:26:43,360 Speaker 1: a whole lot of money, if anything, but we need 442 00:26:43,400 --> 00:26:47,440 Speaker 1: people to see us. Then you build, then the money follows. 443 00:26:47,520 --> 00:26:52,640 Speaker 1: Let's see if it happens. Feels better to be number 444 00:26:52,680 --> 00:26:54,720 Speaker 1: one than number five. I'll wear a number because of Mike. 445 00:26:54,840 --> 00:26:56,359 Speaker 1: We have a chance to go for three in a row. 446 00:26:56,440 --> 00:26:58,359 Speaker 1: Good numbers are a good time. When I first started 447 00:26:58,359 --> 00:27:02,360 Speaker 1: wearing their number, I would just have Floomberg Business of Sports. 448 00:27:02,600 --> 00:27:04,920 Speaker 1: The number of the week time now of the number 449 00:27:05,000 --> 00:27:09,199 Speaker 1: of the week, two hundred fifty thousands. This is my 450 00:27:09,280 --> 00:27:11,399 Speaker 1: favorite part of the show. But you know why because 451 00:27:11,440 --> 00:27:13,880 Speaker 1: every week you and I correspond and I'm like, hey, 452 00:27:13,920 --> 00:27:15,399 Speaker 1: this might make a good number of the week, or 453 00:27:15,480 --> 00:27:18,080 Speaker 1: you're back, this one might make I remember sending this 454 00:27:18,160 --> 00:27:20,240 Speaker 1: to you, but I have no idea what it was about. 455 00:27:20,840 --> 00:27:23,360 Speaker 1: So I remember saying this might make a good number 456 00:27:23,400 --> 00:27:24,760 Speaker 1: of the week, but I really don't remember what it 457 00:27:24,800 --> 00:27:26,879 Speaker 1: was about. When you sent it, I'm like, oh, yeah, 458 00:27:26,920 --> 00:27:28,480 Speaker 1: that's going to work, so it's a good one, but 459 00:27:28,520 --> 00:27:29,960 Speaker 1: I don't remember what was I'm going to give you 460 00:27:30,040 --> 00:27:34,800 Speaker 1: the clue. Chicago Cubs. Chicago Cubs, oh right, right, right 461 00:27:34,880 --> 00:27:39,879 Speaker 1: right there, auctioning off the the Rizzo and brianball gloves 462 00:27:40,240 --> 00:27:42,560 Speaker 1: and the minimum bit it's the it's the gloves used 463 00:27:42,560 --> 00:27:44,400 Speaker 1: for the final out of Game seven of the World 464 00:27:44,520 --> 00:27:47,680 Speaker 1: Series when they when they broke the title drought. Yeah, 465 00:27:47,720 --> 00:27:53,120 Speaker 1: the minimum in the Golden auctions, uh is two fifty thousand. 466 00:27:53,400 --> 00:27:55,680 Speaker 1: I spoke to Ken Golden are emailed with him, ask 467 00:27:55,720 --> 00:27:57,720 Speaker 1: him what he thought it would sell for. He said 468 00:27:57,760 --> 00:27:59,879 Speaker 1: three x. That's so, he said, seven hundred and fi 469 00:28:00,080 --> 00:28:02,840 Speaker 1: the thousand and if you're the Cubs, you kind of 470 00:28:02,880 --> 00:28:04,840 Speaker 1: want these artifacts, right like you want to keep them 471 00:28:04,840 --> 00:28:08,960 Speaker 1: in the family. Those are pretty important things. But has 472 00:28:09,040 --> 00:28:12,240 Speaker 1: money like a Bill Murray who's a big Cubs fan. 473 00:28:12,359 --> 00:28:13,840 Speaker 1: Hold on, hold on, let me get this straight. You're 474 00:28:13,880 --> 00:28:17,240 Speaker 1: putting Bill Murray's money up against the Rickets money. Okay, 475 00:28:18,800 --> 00:28:21,640 Speaker 1: I'm sorry, Mr Murray, I was. I was. I know 476 00:28:21,760 --> 00:28:25,240 Speaker 1: you're a huge Cubs fan, but yeah, it's Truely, the 477 00:28:25,280 --> 00:28:27,320 Speaker 1: Rickets could just say, hey, the Rickets could say we 478 00:28:27,400 --> 00:28:30,080 Speaker 1: want it, you know, uh yeah, we we'd like them 479 00:28:30,080 --> 00:28:31,960 Speaker 1: and it'd be part of our museum or whatever they're 480 00:28:32,000 --> 00:28:34,919 Speaker 1: gonna do. And I mean it makes sense because they 481 00:28:34,960 --> 00:28:37,600 Speaker 1: have the ball, they have the final out ball. It 482 00:28:37,640 --> 00:28:40,840 Speaker 1: would make sense to keep those gloves in the family. 483 00:28:41,000 --> 00:28:43,480 Speaker 1: And by the way, in case you're not a baseball fan, 484 00:28:43,880 --> 00:28:47,080 Speaker 1: you're talking about a team the last time they had 485 00:28:47,120 --> 00:28:50,560 Speaker 1: won the World Series in sixteen was what dog gone 486 00:28:50,600 --> 00:28:54,040 Speaker 1: near a hundred eight years. Yeah, yeah, so yeah you 487 00:28:54,120 --> 00:28:55,280 Speaker 1: kind of want to I guess you want to keep 488 00:28:55,320 --> 00:28:57,240 Speaker 1: that in the house. And people forget how it went down, 489 00:28:57,280 --> 00:28:59,040 Speaker 1: Like they scored two runs on the top of the 490 00:28:59,080 --> 00:29:02,400 Speaker 1: tenth inning and then Cleveland scored one run in the 491 00:29:02,440 --> 00:29:08,000 Speaker 1: bottom and you could just see all of Chicago's remember that. 492 00:29:08,520 --> 00:29:11,840 Speaker 1: People had to look like, oh yeah, then, Bryant Rizzo, 493 00:29:11,960 --> 00:29:15,760 Speaker 1: we're done. It's over. You can breathe again. You're listening 494 00:29:15,840 --> 00:29:18,160 Speaker 1: to Bloomberg Business of Sports. We're here each and every 495 00:29:18,160 --> 00:29:20,800 Speaker 1: week at the same time. Plus online wherever you get 496 00:29:20,920 --> 00:29:24,000 Speaker 1: your podcast you can catch that Monday is, Wednesdays and Thursdays. 497 00:29:24,080 --> 00:29:26,360 Speaker 1: I'm Michael Barr on Twitter at Big Bar Sports, and 498 00:29:26,400 --> 00:29:28,480 Speaker 1: I'm Scott sash Nick. You can follow me on Twitter 499 00:29:28,560 --> 00:29:31,160 Speaker 1: at sash Nick. Thanks for joining us. Please tune in 500 00:29:31,240 --> 00:29:33,840 Speaker 1: next week when bar You got this ready. We're gonna 501 00:29:33,880 --> 00:29:36,000 Speaker 1: because we always talk about my son and the hockey, 502 00:29:36,280 --> 00:29:40,280 Speaker 1: We're gonna talk to his coach, Jeff Hamilton's former NHL player, 503 00:29:40,560 --> 00:29:43,600 Speaker 1: but we're gonna talk about not only the Brick Tournament, 504 00:29:43,680 --> 00:29:46,560 Speaker 1: which we won, thank you, first time in American team 505 00:29:46,560 --> 00:29:48,680 Speaker 1: one since two thousand two. But we're gonna talk to 506 00:29:48,720 --> 00:29:54,040 Speaker 1: Jeff about the money in youth sports. You're bringing in Jackson. No, well, 507 00:29:54,080 --> 00:29:55,479 Speaker 1: you know what I'll say. I'll see if you can 508 00:29:55,480 --> 00:29:57,400 Speaker 1: come in that day to talk to coach. But the 509 00:29:57,520 --> 00:30:00,720 Speaker 1: money in youth sports, how much time, how much energy, 510 00:30:00,800 --> 00:30:04,760 Speaker 1: and how many dollars are spent our youth sports is incredible. 511 00:30:04,800 --> 00:30:06,920 Speaker 1: That's gonna be good. You're listening to Bloomberg Business of 512 00:30:06,960 --> 00:30:09,080 Speaker 1: Sports and Bloomberg Radio around the world.