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 --> 00:00:12,040 Speaker 1: players understand the power that they have. Michael. The future 5 00:00:12,080 --> 00:00:15,920 Speaker 1: of IndyCar racing is looking bright. Scott Sashnik very basic 6 00:00:15,960 --> 00:00:18,959 Speaker 1: 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 an our guest, al Steinbrunner, 9 00:00:25,600 --> 00:00:29,320 Speaker 1: National Hockey League Commissioner Gary Betman, 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, I'm Evan Noby Williams, and I'm Scotts. 12 00:00:38,120 --> 00:00:40,320 Speaker 1: Over the next hour on this Memorial Day special, we 13 00:00:40,360 --> 00:00:42,960 Speaker 1: will look back at all the business of sports news 14 00:00:42,960 --> 00:00:45,440 Speaker 1: that happened in the first half of nine and we 15 00:00:45,520 --> 00:00:47,440 Speaker 1: will talk about what we look forward to for the 16 00:00:47,440 --> 00:00:50,080 Speaker 1: rest of the year. Let's start with the first story, 17 00:00:50,440 --> 00:00:53,160 Speaker 1: something that I'm thinking about, something top of mind, Top 18 00:00:53,200 --> 00:00:55,880 Speaker 1: of mind from Michael Barr. He's pointing to his brain, yes, 19 00:00:55,920 --> 00:00:59,560 Speaker 1: pointing to my head of mind. I'm thinking of the 20 00:00:59,680 --> 00:01:04,000 Speaker 1: NFL Draft that just happened last month, and Forbes magazine 21 00:01:04,120 --> 00:01:07,520 Speaker 1: had a good article. They said, what if the NFL 22 00:01:07,680 --> 00:01:13,120 Speaker 1: draft was run like the NBA Draft with ping pong balls? 23 00:01:13,640 --> 00:01:16,160 Speaker 1: And they said that it would work out that the 24 00:01:16,240 --> 00:01:21,720 Speaker 1: number one pick would wind up being the Jacksonville Jaguars. Yeah, 25 00:01:22,040 --> 00:01:27,440 Speaker 1: but see it brings back here. I still say it, 26 00:01:31,760 --> 00:01:34,080 Speaker 1: Kyle Brady. Look at this. Oh Kyle Brady A forgot 27 00:01:34,319 --> 00:01:38,280 Speaker 1: I forgot about him New York Jets. Yeah. I come 28 00:01:38,280 --> 00:01:41,280 Speaker 1: back to the same thing. Why does the NBA have 29 00:01:41,640 --> 00:01:44,720 Speaker 1: the ping pong balls? It does not make any sense 30 00:01:44,720 --> 00:01:47,360 Speaker 1: to me. I know, we talked about this and you 31 00:01:47,440 --> 00:01:50,240 Speaker 1: guys said, yes it does. Bar So if we've talked 32 00:01:50,280 --> 00:01:54,400 Speaker 1: about it and you just reject the thinking, what left 33 00:01:54,400 --> 00:01:56,480 Speaker 1: there is to say? I do for all the folks 34 00:01:56,520 --> 00:01:59,080 Speaker 1: who are driving home right now from their wonderful Memorial 35 00:01:59,200 --> 00:02:01,360 Speaker 1: Day stuck in try you think how many of them 36 00:02:01,360 --> 00:02:03,320 Speaker 1: a pounding their head on the steering wheels, going why 37 00:02:03,360 --> 00:02:07,600 Speaker 1: can't bark get this? I'm just saying I'm resistant to it. 38 00:02:07,760 --> 00:02:10,680 Speaker 1: I think there's a better way to approach the NBA draft. 39 00:02:10,720 --> 00:02:12,600 Speaker 1: By the way, friend of the program, Steve Harrowitz was 40 00:02:12,639 --> 00:02:15,239 Speaker 1: listening the other day and he said he we literally 41 00:02:15,320 --> 00:02:18,040 Speaker 1: kept him good company, laughing at me comparing my calf 42 00:02:18,120 --> 00:02:22,840 Speaker 1: injury to Kevin Durant. Yeah, I was, I was going 43 00:02:22,880 --> 00:02:26,280 Speaker 1: to chuck. Yes, you and the finally tuned MVP athlete 44 00:02:26,280 --> 00:02:28,880 Speaker 1: of the NBA. Yes, good, good analogy there, Evan. You 45 00:02:28,880 --> 00:02:30,840 Speaker 1: want to explain it to bar Yeah, I guess I'm 46 00:02:30,880 --> 00:02:33,120 Speaker 1: I'm for First of all, I have a question you 47 00:02:33,440 --> 00:02:36,200 Speaker 1: you think the NBA's system is worse or better than 48 00:02:36,240 --> 00:02:39,000 Speaker 1: the NFL's. I think it's worse. You like, so you 49 00:02:39,080 --> 00:02:42,200 Speaker 1: just think the worst team number one pick, second worst 50 00:02:42,240 --> 00:02:44,200 Speaker 1: team number two pick. You think it should go that 51 00:02:44,200 --> 00:02:46,200 Speaker 1: way the way the NFL. I think it should, But 52 00:02:46,280 --> 00:02:49,280 Speaker 1: there should be a disclaimer involved in it, because you're 53 00:02:49,280 --> 00:02:52,960 Speaker 1: gonna have every team just throwing games away. Well that's 54 00:02:53,000 --> 00:02:55,880 Speaker 1: the point. That's what they found. The disclaimer is the 55 00:02:55,880 --> 00:02:59,919 Speaker 1: ping pong. The lottery system is the NBA's answer to 56 00:03:00,080 --> 00:03:03,200 Speaker 1: the fact that, hey, sometimes we have generational players like 57 00:03:03,280 --> 00:03:06,680 Speaker 1: Lebron James this year, z Ion Williamson um, and the 58 00:03:06,720 --> 00:03:09,919 Speaker 1: incentive to be the worst team is so high occasionally 59 00:03:10,160 --> 00:03:13,680 Speaker 1: teams are willing to throw away. How many teams would 60 00:03:13,680 --> 00:03:16,600 Speaker 1: be O and eight two. If if Lebron James were 61 00:03:16,600 --> 00:03:19,440 Speaker 1: available again next year, you'd have a few teams who 62 00:03:19,440 --> 00:03:23,560 Speaker 1: were willing to lose every game for the league that 63 00:03:23,639 --> 00:03:25,840 Speaker 1: you do because you've got to go through the season 64 00:03:26,080 --> 00:03:28,320 Speaker 1: and you're gonna lose a fan base, which means you're 65 00:03:28,320 --> 00:03:30,720 Speaker 1: gonna lose're gonna get that's one year, but then you're 66 00:03:30,720 --> 00:03:33,840 Speaker 1: gonna get the generational player that will have everything skyrocket 67 00:03:33,840 --> 00:03:36,000 Speaker 1: for the next ten years. One year is a lot 68 00:03:36,000 --> 00:03:38,320 Speaker 1: of money. No no, no, no, But don't forget by 69 00:03:38,320 --> 00:03:41,920 Speaker 1: the way season tickets are laddered. You don't have all 70 00:03:42,000 --> 00:03:45,280 Speaker 1: your season tickets come up in one fell swoop. That 71 00:03:45,280 --> 00:03:48,240 Speaker 1: that's just bad business. Probably what I'm not exactly what 72 00:03:48,240 --> 00:03:51,240 Speaker 1: do you think I've been of season tickets every year? 73 00:03:51,320 --> 00:03:53,920 Speaker 1: You ladder it to prevent that sort of big drop off, 74 00:03:54,400 --> 00:03:59,600 Speaker 1: So you promo it saying like come on, probably there's 75 00:03:59,600 --> 00:04:02,280 Speaker 1: the process. We have a press if the team can 76 00:04:02,360 --> 00:04:06,280 Speaker 1: actually get into double digits and scores. Now, man, what 77 00:04:06,320 --> 00:04:08,640 Speaker 1: the NBA doesn't want to do is legislator. Remember when 78 00:04:08,640 --> 00:04:11,000 Speaker 1: the Spurs rested like Tim Duncan and a bunch of 79 00:04:11,000 --> 00:04:13,600 Speaker 1: their star players. The NBA didn't want to have that 80 00:04:13,720 --> 00:04:16,919 Speaker 1: you have the fine balance of do you want to 81 00:04:16,920 --> 00:04:19,280 Speaker 1: tell the team they have to play their players when 82 00:04:19,360 --> 00:04:22,080 Speaker 1: it's a coach's job to not just win one game, 83 00:04:22,720 --> 00:04:25,760 Speaker 1: it's the coach's job to win the championship. So Greg 84 00:04:25,800 --> 00:04:28,479 Speaker 1: Popovitch thinks it's in his best interest for his star 85 00:04:28,560 --> 00:04:31,440 Speaker 1: players not to even go on the trip and rest 86 00:04:31,480 --> 00:04:33,800 Speaker 1: them back home. Then you've got people on the road 87 00:04:33,839 --> 00:04:36,000 Speaker 1: who bought tickets to see the Spurs. They're angry, which 88 00:04:36,040 --> 00:04:38,200 Speaker 1: is bad for the NBA. So then they need to 89 00:04:38,240 --> 00:04:41,160 Speaker 1: tell a team you can't do that. So the compromise 90 00:04:41,320 --> 00:04:43,359 Speaker 1: was your players don't have to play, but they have 91 00:04:43,480 --> 00:04:45,320 Speaker 1: to be there that they have to sit on the bench. 92 00:04:45,360 --> 00:04:47,400 Speaker 1: So at least the people who paid money to see 93 00:04:47,440 --> 00:04:49,120 Speaker 1: Tim duncan they can see him sitting on a bench. 94 00:04:49,440 --> 00:04:52,240 Speaker 1: That's a silly solution. Also, I do think that you've 95 00:04:52,240 --> 00:04:54,560 Speaker 1: you've kind of hit on a topic that you know, 96 00:04:54,600 --> 00:04:58,599 Speaker 1: we can talk about also moving forward. In one of 97 00:04:58,600 --> 00:05:01,000 Speaker 1: the big shifts I think it's opening in sports business 98 00:05:01,080 --> 00:05:03,480 Speaker 1: right now, is this idea the leagues are doing so 99 00:05:04,120 --> 00:05:07,920 Speaker 1: much revenue sharing. You know, media money is so important, 100 00:05:08,000 --> 00:05:10,839 Speaker 1: National media money especially so important for a lot of 101 00:05:10,839 --> 00:05:15,120 Speaker 1: these leagues that the incentives to be really good are 102 00:05:15,200 --> 00:05:17,800 Speaker 1: kind of dissipating a little bit, and it's happening. You 103 00:05:17,839 --> 00:05:20,479 Speaker 1: mentioned basketball, for sure, it's happening. I think a lot 104 00:05:20,520 --> 00:05:23,240 Speaker 1: in baseball right now. There are serious questions about how 105 00:05:23,240 --> 00:05:27,520 Speaker 1: many baseball teams are entering this season expecting to be 106 00:05:27,600 --> 00:05:30,760 Speaker 1: a potential playoff team, and how many are are not 107 00:05:31,040 --> 00:05:34,080 Speaker 1: are are are not spending the money? Are definitely making 108 00:05:34,080 --> 00:05:37,360 Speaker 1: the money because of the robust revenue sharing that exists, 109 00:05:37,520 --> 00:05:39,760 Speaker 1: And how much do fans care about it? Right? I mean, 110 00:05:39,800 --> 00:05:43,880 Speaker 1: we talked about the NBA and and NHL playoffs happening simultaneously. 111 00:05:43,960 --> 00:05:47,400 Speaker 1: Right now, the NBA playoffs have been, you know, very much. 112 00:05:47,440 --> 00:05:49,360 Speaker 1: The better teams are winning. It's it's you know, the 113 00:05:49,640 --> 00:05:53,039 Speaker 1: top seeds move on. NHL playoffs have not been that way. 114 00:05:53,080 --> 00:05:56,320 Speaker 1: But if you look at you know, casual viewership numbers, 115 00:05:56,320 --> 00:05:59,960 Speaker 1: if you look at ratings, the parody in the NH 116 00:06:00,000 --> 00:06:02,279 Speaker 1: all might be hurting them from a business standpoint, and 117 00:06:02,320 --> 00:06:04,599 Speaker 1: it's not necessarily hurt in the NBA. Dare we say 118 00:06:04,640 --> 00:06:08,039 Speaker 1: parody is overrated? Mr Novie Williams, Maybe we should maybe 119 00:06:08,040 --> 00:06:10,360 Speaker 1: give me the superstar player on the superstar team. People 120 00:06:10,360 --> 00:06:12,520 Speaker 1: love the Warriors. Yeah, but it does again kind of 121 00:06:12,520 --> 00:06:16,280 Speaker 1: begs the question about you know, is the structure of 122 00:06:16,279 --> 00:06:19,479 Speaker 1: of big American leagues right now and owning a team, 123 00:06:19,839 --> 00:06:21,280 Speaker 1: is it's set up in a way right now that 124 00:06:21,320 --> 00:06:24,760 Speaker 1: winning is not as important as maybe it was fifteen 125 00:06:24,800 --> 00:06:27,479 Speaker 1: years ago when you were so reliant on your ticket sales. 126 00:06:27,480 --> 00:06:30,080 Speaker 1: As you're talking about versus your media as you will 127 00:06:30,160 --> 00:06:32,960 Speaker 1: know that all depends on who owns the franchise. Somebody 128 00:06:33,040 --> 00:06:35,520 Speaker 1: is going to be motivated to win, somebody's gonna be 129 00:06:35,560 --> 00:06:39,440 Speaker 1: motivated to cash the revenue sharing money. So it really 130 00:06:39,480 --> 00:06:41,280 Speaker 1: just comes from the top. How does somebody want to 131 00:06:41,320 --> 00:06:43,880 Speaker 1: go Like Milwaukee could be just keep the money, but 132 00:06:44,440 --> 00:06:47,640 Speaker 1: last three Eden's dying. They just want to win. You know, 133 00:06:47,960 --> 00:06:50,880 Speaker 1: we've been doing this long enough bar where I get 134 00:06:50,880 --> 00:06:54,120 Speaker 1: a sense I don't know, but I get a sense 135 00:06:54,680 --> 00:06:59,000 Speaker 1: that perhaps that maybe like there's a chance you had 136 00:06:59,560 --> 00:07:03,400 Speaker 1: another thought about the league's and the way they governed. 137 00:07:03,960 --> 00:07:06,520 Speaker 1: I think perhaps if I may put my little wizard 138 00:07:06,560 --> 00:07:10,040 Speaker 1: head on maybe a San Antonio Spurs point, A great 139 00:07:10,080 --> 00:07:16,240 Speaker 1: Popovich points still to come from you. Well, wid man, 140 00:07:17,560 --> 00:07:20,680 Speaker 1: I was just thinking one thing about it. Popovitch did 141 00:07:20,800 --> 00:07:23,960 Speaker 1: make me laugh when you mentioned that he sat Tim Duncan, 142 00:07:24,240 --> 00:07:25,960 Speaker 1: it was like the whole team. It was like Parker 143 00:07:26,000 --> 00:07:28,080 Speaker 1: doesn't like nobody played, and he and and he put 144 00:07:28,080 --> 00:07:32,600 Speaker 1: the reason down for Tim Duncan old Old. Although the 145 00:07:32,640 --> 00:07:35,760 Speaker 1: best part was and Stern David Sterton was the commissioner 146 00:07:35,760 --> 00:07:39,640 Speaker 1: when he did it. I remember watching the game because 147 00:07:39,640 --> 00:07:42,800 Speaker 1: I wanted to see if Popovitch would have the ultimate 148 00:07:43,640 --> 00:07:46,320 Speaker 1: za there at the end, because I mean, it was 149 00:07:46,360 --> 00:07:48,280 Speaker 1: either a one or two point game in the final 150 00:07:48,320 --> 00:07:51,240 Speaker 1: minute or went to It was really close. The Spurs 151 00:07:51,280 --> 00:07:54,040 Speaker 1: played all there, so if I'm pop, I like, like 152 00:07:54,120 --> 00:07:57,600 Speaker 1: the outcome justifies my We could have won the game anyway. 153 00:07:57,800 --> 00:07:59,920 Speaker 1: Plus I rested my guys. I know it's best for 154 00:08:00,080 --> 00:08:02,280 Speaker 1: my team. And then he probably went out to a 155 00:08:02,360 --> 00:08:04,000 Speaker 1: very expensive dinner with lots of wine and then they 156 00:08:04,080 --> 00:08:08,240 Speaker 1: find and then they but think get what they want anyhow. 157 00:08:08,280 --> 00:08:10,960 Speaker 1: You know what evan biggest story so far in the 158 00:08:11,040 --> 00:08:14,680 Speaker 1: year sports betting, in my opinion, I mean, I think 159 00:08:14,680 --> 00:08:16,240 Speaker 1: it's got to be sports betting right now, and it's 160 00:08:16,360 --> 00:08:21,520 Speaker 1: changing the industry rapidly growing. Every commissioners still sort of saying, yeah, 161 00:08:21,640 --> 00:08:24,440 Speaker 1: well it's what the fans want. Like Gary Bettman recently, 162 00:08:24,480 --> 00:08:26,440 Speaker 1: I mean, he was against it, and he's just saying, well, 163 00:08:26,440 --> 00:08:28,120 Speaker 1: it's what the fans want. I think the fans have 164 00:08:28,160 --> 00:08:29,880 Speaker 1: wanted it for some time. Just you couldn't make money 165 00:08:29,880 --> 00:08:32,600 Speaker 1: on it. Now you can't. Yeah, And we we've seen 166 00:08:32,679 --> 00:08:35,800 Speaker 1: and people who listen to the show a lot, you know, 167 00:08:35,840 --> 00:08:38,480 Speaker 1: we've we've covered all these big media deals that have happened. 168 00:08:38,480 --> 00:08:42,679 Speaker 1: We've covered sponsorship and marketing deals between leagues and operators. 169 00:08:43,320 --> 00:08:45,120 Speaker 1: One thing we don't talk a lot about, but is 170 00:08:45,160 --> 00:08:47,400 Speaker 1: happening very quickly at least you know, in the past 171 00:08:47,440 --> 00:08:50,000 Speaker 1: couple of weeks. There are a lot of states right now, 172 00:08:50,240 --> 00:08:53,280 Speaker 1: legislators around the country who are passing their own bills, 173 00:08:53,320 --> 00:08:56,199 Speaker 1: trying to figure out their own you know, what legalization 174 00:08:56,240 --> 00:08:59,800 Speaker 1: within their own borders looks like. Again, you know this 175 00:09:00,080 --> 00:09:01,640 Speaker 1: or we're gonna have a number more states come on 176 00:09:01,720 --> 00:09:03,960 Speaker 1: next year, there's going to be even more. We're eventually 177 00:09:04,000 --> 00:09:06,520 Speaker 1: going to get to a big number. And when that happens, 178 00:09:06,800 --> 00:09:09,160 Speaker 1: you know, there's gonna be a lot more money coming in. 179 00:09:09,240 --> 00:09:11,880 Speaker 1: There's gonna be a lot more advertising that people are 180 00:09:11,880 --> 00:09:15,160 Speaker 1: gonna see, you know, as more jurisdictions become legal, and 181 00:09:15,200 --> 00:09:16,760 Speaker 1: there's a whole you know there's a whole host of 182 00:09:16,760 --> 00:09:19,079 Speaker 1: other things that we we're talking about the Spurs and 183 00:09:19,400 --> 00:09:21,960 Speaker 1: what they wrote on their you know, injury report when 184 00:09:22,000 --> 00:09:25,120 Speaker 1: Tim Duncan wasn't playing. You know, there are aspects of 185 00:09:25,800 --> 00:09:29,120 Speaker 1: sports that you know, I think traditional fans don't necessarily 186 00:09:33,640 --> 00:09:36,520 Speaker 1: you know, the peripheral things around sports that are gonna 187 00:09:36,559 --> 00:09:39,240 Speaker 1: be different because more and more people are gambling on 188 00:09:39,280 --> 00:09:41,920 Speaker 1: it in a in a legal, regulated environment here in 189 00:09:41,960 --> 00:09:45,000 Speaker 1: the US. And I'm fascinated to see over the course 190 00:09:45,040 --> 00:09:46,959 Speaker 1: of both the next year or in the next five years, 191 00:09:47,200 --> 00:09:50,320 Speaker 1: all the different ways that manifests itself and whether you know, 192 00:09:50,520 --> 00:09:53,400 Speaker 1: sports betters are excited about those changes, and whether people 193 00:09:53,400 --> 00:09:56,160 Speaker 1: who are not sports betters are upset by the way 194 00:09:56,320 --> 00:09:58,280 Speaker 1: their their experience with the sports are changing. And you 195 00:09:58,320 --> 00:10:01,360 Speaker 1: know better than most it's not much the number of states, 196 00:10:01,360 --> 00:10:04,640 Speaker 1: but it's which states Joe Asher was talking about. Was 197 00:10:04,679 --> 00:10:06,480 Speaker 1: it Joe who was talking about? Well, as soon as 198 00:10:06,520 --> 00:10:09,640 Speaker 1: we get the bait the New York to California, Illinois, 199 00:10:09,840 --> 00:10:13,000 Speaker 1: New York, Florida, California, what is that going to happen? 200 00:10:13,480 --> 00:10:16,560 Speaker 1: Me totally depends on the I mean, New York could 201 00:10:16,559 --> 00:10:18,880 Speaker 1: have been last year, it could have been this year, 202 00:10:19,120 --> 00:10:22,240 Speaker 1: maybe next year. Uh, Florida, New Jersey very happy by 203 00:10:22,240 --> 00:10:24,000 Speaker 1: the way that New York dragging its feet. I assume 204 00:10:24,040 --> 00:10:26,400 Speaker 1: people are, you know, driving across the river. Yeah, that's 205 00:10:26,440 --> 00:10:28,319 Speaker 1: a good point. Actually, the numbers out of New York 206 00:10:28,320 --> 00:10:32,000 Speaker 1: and New Jersey are pretty staggering. Uh. And they New 207 00:10:32,040 --> 00:10:36,840 Speaker 1: Jersey past both land based and mobile gaming, which, if 208 00:10:36,840 --> 00:10:40,400 Speaker 1: I have to jump in again, explain to me these 209 00:10:40,480 --> 00:10:45,320 Speaker 1: places that did not understand that mobile was critical. Yeah, 210 00:10:45,440 --> 00:10:48,800 Speaker 1: there there, There are a lot of states, and it's 211 00:10:49,080 --> 00:10:51,319 Speaker 1: it may still happen. There maybe still be more states 212 00:10:51,360 --> 00:10:53,960 Speaker 1: that legalized sports gambling, but only do it, you know, 213 00:10:54,160 --> 00:10:57,960 Speaker 1: through in trenched brick and mortar casinos, which yes, is 214 00:10:58,280 --> 00:11:01,000 Speaker 1: is certainly hindering you know, the can veniance for your 215 00:11:01,440 --> 00:11:04,040 Speaker 1: for your better It's also probably severely hindering the amount 216 00:11:04,080 --> 00:11:06,320 Speaker 1: that's going to be waged. You want the revenue, if 217 00:11:06,320 --> 00:11:08,680 Speaker 1: you want the tax revenue. One make it easy for 218 00:11:08,679 --> 00:11:11,000 Speaker 1: people to lose their money. And the past month or 219 00:11:11,000 --> 00:11:13,040 Speaker 1: so you've seen some stories about you know, hey, you 220 00:11:13,080 --> 00:11:15,520 Speaker 1: know a lot of states legalized this thinking this huge 221 00:11:15,520 --> 00:11:18,400 Speaker 1: windfall was coming and it never did. Those are typically 222 00:11:18,440 --> 00:11:21,320 Speaker 1: those are generally the states that didn't authorize the mobile 223 00:11:21,320 --> 00:11:23,000 Speaker 1: piece of it, right, Maybe they need that betting windows 224 00:11:23,000 --> 00:11:28,680 Speaker 1: at Walmart and Target. I wouldn't be shocked if that serious. Like, 225 00:11:28,720 --> 00:11:30,520 Speaker 1: what are the brick and mortar that's succeeding right now? 226 00:11:30,520 --> 00:11:32,199 Speaker 1: Where do people go? Where do you see the most 227 00:11:32,200 --> 00:11:34,400 Speaker 1: people backing? Well, okay, let me give you an example 228 00:11:34,400 --> 00:11:40,120 Speaker 1: with I know you yeah, yeah, but I mean in Pennsylvania, 229 00:11:40,240 --> 00:11:43,719 Speaker 1: at any moment, we could have online gambling. You get 230 00:11:43,720 --> 00:11:46,880 Speaker 1: your Moonshine, you get your fireworks and your online game. 231 00:11:47,040 --> 00:11:51,720 Speaker 1: I don't need gambling from Moon. But but the point 232 00:11:51,960 --> 00:11:54,760 Speaker 1: is it, and you brought it up, Evan and Scott, 233 00:11:55,120 --> 00:11:58,120 Speaker 1: is that the mobile part where you can just whip 234 00:11:58,120 --> 00:12:01,800 Speaker 1: your phone out and make the bet is the critical part. 235 00:12:02,040 --> 00:12:05,760 Speaker 1: That's where in New Jersey where they're making a boatload 236 00:12:05,800 --> 00:12:08,880 Speaker 1: of money, the majority of it with the online betting. 237 00:12:09,160 --> 00:12:12,400 Speaker 1: And and as for California, it's gonna be a while 238 00:12:12,440 --> 00:12:16,079 Speaker 1: before they get their act together. Yeah, the New Jersey's 239 00:12:16,160 --> 00:12:20,080 Speaker 1: numbers just so, just so listeners understand, Uh they didn't. 240 00:12:20,120 --> 00:12:22,760 Speaker 1: You know? It legalized in June, I believe, um so, 241 00:12:22,800 --> 00:12:25,200 Speaker 1: it hasn't been a full year yet, but but in 242 00:12:25,240 --> 00:12:28,959 Speaker 1: just those ten months, I believe the handle total it's 243 00:12:29,080 --> 00:12:33,600 Speaker 1: almost three billion dollars UH. Nevada's yearly handle is around 244 00:12:33,600 --> 00:12:37,800 Speaker 1: five so expectations are that even possibly in the entirety 245 00:12:37,800 --> 00:12:42,200 Speaker 1: of New Jersey could either roughly reach or maybe even 246 00:12:42,240 --> 00:12:45,319 Speaker 1: surpass what the handle is in Nevada. And that's a 247 00:12:45,360 --> 00:12:48,040 Speaker 1: state that has been doing this for decades. I am 248 00:12:48,080 --> 00:12:52,600 Speaker 1: totally interested now in finding out when New York legalizes, 249 00:12:52,679 --> 00:12:56,160 Speaker 1: what's the percentage of dollars wagered from New Yorker's crossing 250 00:12:56,160 --> 00:12:59,199 Speaker 1: the river versus those who are just sort of based 251 00:12:59,200 --> 00:13:01,960 Speaker 1: in New Jersey. My five dollar Stanley cup bets are 252 00:13:01,960 --> 00:13:03,880 Speaker 1: going to be shifting back to New York. I can 253 00:13:03,880 --> 00:13:06,400 Speaker 1: tell you that we well exactly, and I'm wondering how 254 00:13:06,480 --> 00:13:09,160 Speaker 1: much we don't have the breakdown. Somebody, maybe you can 255 00:13:09,160 --> 00:13:11,400 Speaker 1: give us an estimate. I'm very curious as to how 256 00:13:11,600 --> 00:13:14,360 Speaker 1: what what the dollar figure is, what percentage of the 257 00:13:14,360 --> 00:13:17,319 Speaker 1: total dollars wager is from folks crossing the river. Although 258 00:13:17,320 --> 00:13:18,720 Speaker 1: there you are taking your life in the hands. If 259 00:13:18,720 --> 00:13:22,880 Speaker 1: you're taking New Jersey train time when you're the only 260 00:13:22,920 --> 00:13:26,840 Speaker 1: thing in town. Yeah, not even you're close to town. 261 00:13:26,880 --> 00:13:29,240 Speaker 1: You're gonna be coming from New York and to be 262 00:13:29,280 --> 00:13:32,120 Speaker 1: coming from Pennsylvania, you can be coming in if you 263 00:13:32,160 --> 00:13:35,160 Speaker 1: wanted to from Connecticut. But once the states, and like 264 00:13:35,160 --> 00:13:38,720 Speaker 1: I said, the moment Pennsylvania gets settled down, you're right, 265 00:13:39,120 --> 00:13:42,440 Speaker 1: I will probably be making my bets in Pennsylvania. Uh, 266 00:13:42,679 --> 00:13:44,960 Speaker 1: just simply from the fact that I can do more 267 00:13:45,000 --> 00:13:47,559 Speaker 1: research on the I thinking about Philadelphia, that you can 268 00:13:47,600 --> 00:13:49,480 Speaker 1: just drive across the bridge as well, big city and 269 00:13:49,559 --> 00:13:51,320 Speaker 1: number four market where you could just go right across 270 00:13:51,320 --> 00:13:53,160 Speaker 1: the bridge and you're in New Jersey. Okay, recognize and 271 00:13:53,200 --> 00:13:56,320 Speaker 1: place your bets. Guys, let's combine some two big stories 272 00:13:56,320 --> 00:13:58,319 Speaker 1: that we've been talking about for the past year. Sports 273 00:13:58,320 --> 00:14:00,199 Speaker 1: betting and some of the changes that are happening are 274 00:14:00,559 --> 00:14:03,280 Speaker 1: the biggest sports business story over the past couple of years. 275 00:14:03,280 --> 00:14:06,400 Speaker 1: Has certainly been changes in the media landscape, and these 276 00:14:06,400 --> 00:14:10,320 Speaker 1: two stories are combining. You know, we recently saw Fox 277 00:14:10,360 --> 00:14:13,160 Speaker 1: buying a five percent steak of Stars Group, which is 278 00:14:13,200 --> 00:14:16,120 Speaker 1: a gambling operator. Fox is launching Fox Bet, it's own 279 00:14:16,120 --> 00:14:21,040 Speaker 1: sports betting platform. ESPN has a equity stake in DraftKings. 280 00:14:21,080 --> 00:14:24,680 Speaker 1: They have a big partnership with Caesar's to provide odds 281 00:14:24,720 --> 00:14:29,120 Speaker 1: and data and more shows and content across ESPN's platform. 282 00:14:29,200 --> 00:14:31,920 Speaker 1: Scott this is just the beginning of what I think 283 00:14:32,040 --> 00:14:35,040 Speaker 1: is going to be a big dive by big media 284 00:14:35,120 --> 00:14:38,000 Speaker 1: companies into the sports betting world. Yeah, we've got The Score, 285 00:14:38,040 --> 00:14:41,240 Speaker 1: which is a media company obviously focusing on this. I 286 00:14:41,320 --> 00:14:43,480 Speaker 1: like the partnerships. I like seeing who's going with who. 287 00:14:43,520 --> 00:14:46,600 Speaker 1: We knew Stars was talking to everybody. We didn't know 288 00:14:46,640 --> 00:14:50,440 Speaker 1: they would wind up with Fox. But not surprising that 289 00:14:50,480 --> 00:14:53,840 Speaker 1: the Murdos are not shy about doing big and bold, 290 00:14:53,920 --> 00:14:56,800 Speaker 1: and there they were first to uh, first to do it, 291 00:14:56,920 --> 00:15:01,040 Speaker 1: and the plans are interesting. You have a blueprint with 292 00:15:01,160 --> 00:15:03,680 Speaker 1: sky bet, right, so now they're just going to see 293 00:15:03,680 --> 00:15:07,280 Speaker 1: if they can sort of transport that model to the US. 294 00:15:08,080 --> 00:15:12,560 Speaker 1: And my guests would be that it's gonna work. Well, 295 00:15:12,600 --> 00:15:14,840 Speaker 1: I'd like to ask something that was that and and 296 00:15:14,840 --> 00:15:19,560 Speaker 1: and Scott and even the big money deals that's taking 297 00:15:19,600 --> 00:15:24,120 Speaker 1: place with media outlets and you can stream the game, 298 00:15:24,240 --> 00:15:27,600 Speaker 1: you can wherever, But does that now lead to why 299 00:15:27,720 --> 00:15:32,520 Speaker 1: we are seeing such low attendance at ballpark, especially in baseball, 300 00:15:32,880 --> 00:15:35,480 Speaker 1: because hey, why go to the ballpark when I can 301 00:15:35,520 --> 00:15:38,080 Speaker 1: stay at home and watch the game in HD or 302 00:15:38,320 --> 00:15:40,440 Speaker 1: or whatever or stream it or wherever. That But that 303 00:15:40,480 --> 00:15:42,120 Speaker 1: was already there, so I'm not sure if betting is 304 00:15:42,160 --> 00:15:46,120 Speaker 1: the reason you could have watched your SHD for years now, 305 00:15:47,120 --> 00:15:50,440 Speaker 1: that that's preference. And I still say, as one who 306 00:15:50,480 --> 00:15:54,000 Speaker 1: has to take his almost ten year old to these events, 307 00:15:54,720 --> 00:15:57,360 Speaker 1: it's the dollars and cents. To me, It'll always be 308 00:15:57,400 --> 00:15:59,600 Speaker 1: the dollars and cents. If I was in Atlanta and 309 00:15:59,640 --> 00:16:01,760 Speaker 1: I can go to that building and the sodas two 310 00:16:01,800 --> 00:16:05,080 Speaker 1: bucks and the hot dogs of dollar fifty, okay, But 311 00:16:05,240 --> 00:16:08,400 Speaker 1: I live in a market where the soda is six 312 00:16:08,480 --> 00:16:12,320 Speaker 1: bucks and the hot dog is seven bucks, and the 313 00:16:12,400 --> 00:16:17,840 Speaker 1: popcorn is seven bucks. And this is a very expensive 314 00:16:18,520 --> 00:16:23,320 Speaker 1: night afternoon out. It really is. And that's not changing 315 00:16:23,400 --> 00:16:26,120 Speaker 1: in New York. It's not changing in l A. Maybe 316 00:16:26,120 --> 00:16:28,240 Speaker 1: in some other markets that can. I don't know. But 317 00:16:28,760 --> 00:16:32,440 Speaker 1: I love what Author Blank did in that stadium and 318 00:16:32,520 --> 00:16:35,400 Speaker 1: Mercedes Benz because it would, sir, I'm just I can 319 00:16:35,400 --> 00:16:38,840 Speaker 1: always speak for myself. It would certainly play a role 320 00:16:39,320 --> 00:16:42,520 Speaker 1: in my saying, yes, let's go to the game. I 321 00:16:42,560 --> 00:16:45,200 Speaker 1: bought two drinks at the Barclay Center in the first 322 00:16:45,200 --> 00:16:48,640 Speaker 1: five minutes. In the first five minutes there were two 323 00:16:48,720 --> 00:16:51,120 Speaker 1: rum and cokes, one for me, one for my wife. 324 00:16:51,440 --> 00:16:55,560 Speaker 1: But I should add that let me make sure, Oh 325 00:16:55,600 --> 00:17:00,800 Speaker 1: my god, that is amazing. And I'm not gonna dump 326 00:17:00,800 --> 00:17:02,960 Speaker 1: on anyone arena, but that's part of the that's that's 327 00:17:03,000 --> 00:17:05,080 Speaker 1: the way it's gonna be. And I had asked Brett 328 00:17:05,119 --> 00:17:08,080 Speaker 1: your mark, who who runs that place? What about that 329 00:17:08,119 --> 00:17:10,560 Speaker 1: model in Atlanta and whatever, It's never gonna I mean, 330 00:17:10,600 --> 00:17:12,439 Speaker 1: it's never gonna happen. It's just not part of the 331 00:17:12,440 --> 00:17:14,159 Speaker 1: business model here. It's not who comes to the building. 332 00:17:14,640 --> 00:17:16,399 Speaker 1: That's just the way it is. And he said, the 333 00:17:16,400 --> 00:17:18,200 Speaker 1: biggest thing they look for, by the way, they their 334 00:17:18,200 --> 00:17:20,160 Speaker 1: biggest problem. They're trying to solve that that the fans 335 00:17:20,200 --> 00:17:23,000 Speaker 1: tell them ingress and egress, how to get in, how 336 00:17:23,040 --> 00:17:25,080 Speaker 1: to get out quickly. They're still working on that. It 337 00:17:25,200 --> 00:17:29,000 Speaker 1: certainly does feel as though, to your point, Michael, that 338 00:17:29,440 --> 00:17:32,080 Speaker 1: so much of the innovation that we're seeing right now 339 00:17:32,160 --> 00:17:35,639 Speaker 1: happening in sports business is focusing on the kind of 340 00:17:35,680 --> 00:17:39,320 Speaker 1: at home experience of viewing these games. And I do 341 00:17:39,359 --> 00:17:41,600 Speaker 1: think it's kind of affecting the calculus in people's own 342 00:17:41,640 --> 00:17:45,680 Speaker 1: heads about whether to go or whether to watch on TV. 343 00:17:46,280 --> 00:17:49,040 Speaker 1: UM and the NHL did a really interesting event out 344 00:17:49,040 --> 00:17:52,439 Speaker 1: in Vegas earlier this year, kind of showcasing all the 345 00:17:52,480 --> 00:17:54,360 Speaker 1: things it wanted to do with data, and a part 346 00:17:54,359 --> 00:17:56,520 Speaker 1: of that was the data they wanted to give to 347 00:17:56,560 --> 00:17:59,720 Speaker 1: sports gambling companies to to help them make better and 348 00:18:00,040 --> 00:18:03,280 Speaker 1: cooler and more interesting enticing markets. Uh. They also focused 349 00:18:03,280 --> 00:18:06,679 Speaker 1: a lot on what viewing and NHL games in the 350 00:18:06,720 --> 00:18:08,560 Speaker 1: next five years is going to look like, right, and 351 00:18:08,600 --> 00:18:10,800 Speaker 1: that is the data of how hard that shot was, 352 00:18:10,840 --> 00:18:14,639 Speaker 1: how fast that guy is skating, a lot more information 353 00:18:14,680 --> 00:18:17,280 Speaker 1: on the screen. There's so much going on right now. 354 00:18:17,840 --> 00:18:20,000 Speaker 1: VR and a R, which you know, some people think 355 00:18:20,080 --> 00:18:22,439 Speaker 1: is a fad that has come and gone already, or 356 00:18:22,480 --> 00:18:25,359 Speaker 1: some people still think maybe the future. Um, there's a 357 00:18:25,400 --> 00:18:29,480 Speaker 1: lot about the viewership experience for sports that is being 358 00:18:29,720 --> 00:18:33,400 Speaker 1: fine tuned, that that is being datified, that that new 359 00:18:33,440 --> 00:18:36,360 Speaker 1: technology is making very interesting. And I don't see that 360 00:18:36,480 --> 00:18:40,600 Speaker 1: necessarily happening as much on the in stadium experience side. 361 00:18:40,640 --> 00:18:43,439 Speaker 1: You know, certainly cheaper concessions helps. There are some interesting 362 00:18:43,480 --> 00:18:46,520 Speaker 1: companies out there that are dealing with ingress and egress 363 00:18:46,600 --> 00:18:49,560 Speaker 1: and you know, using computer vision technology to see where 364 00:18:49,560 --> 00:18:52,960 Speaker 1: the longest lines are for bathrooms, for food, etcetera. But 365 00:18:53,040 --> 00:18:55,240 Speaker 1: it does feel as though a disproportionate amount of the 366 00:18:55,240 --> 00:18:58,000 Speaker 1: innovation happening right now is happening to make it more 367 00:18:58,119 --> 00:19:00,399 Speaker 1: enticing to watch games, be it on your phone or 368 00:19:00,640 --> 00:19:02,560 Speaker 1: why is that? Evan? I say it again. Here's what's 369 00:19:02,600 --> 00:19:06,240 Speaker 1: my favorite word in sports business. Scale. It's about scale 370 00:19:06,280 --> 00:19:08,400 Speaker 1: because in the building there's a certain number of seats, 371 00:19:08,400 --> 00:19:10,600 Speaker 1: certain number of games. Do the math. There's your number. 372 00:19:11,480 --> 00:19:15,040 Speaker 1: You're talking about distributing highlights and everything else. That's a 373 00:19:15,440 --> 00:19:18,639 Speaker 1: much bigger number totally. All right, let's switch gears. What 374 00:19:18,640 --> 00:19:20,560 Speaker 1: do you got for me? Bar I was thinking about it, 375 00:19:20,560 --> 00:19:22,680 Speaker 1: and we were talking about this and about trying to 376 00:19:22,720 --> 00:19:26,280 Speaker 1: make the experience for the viewer at home more enjoyable. 377 00:19:26,760 --> 00:19:29,879 Speaker 1: But I want to flip that to where now people 378 00:19:30,160 --> 00:19:33,200 Speaker 1: complained about what were these people thinking when they were 379 00:19:33,200 --> 00:19:36,800 Speaker 1: covering this sport? And I get golf is a classic example. 380 00:19:37,160 --> 00:19:41,560 Speaker 1: The golf audience is totally different. So when they recently 381 00:19:41,680 --> 00:19:46,280 Speaker 1: aired the p g A Championship, remember back in the 382 00:19:46,359 --> 00:19:48,680 Speaker 1: day when they had the puck and the puck had 383 00:19:48,720 --> 00:19:51,520 Speaker 1: the chip and you saw the streak fox and it 384 00:19:51,600 --> 00:19:54,440 Speaker 1: went around and whatever, well fox redtail on the puck. 385 00:19:54,560 --> 00:19:57,760 Speaker 1: CBS tried that when they when they would take the 386 00:19:57,800 --> 00:20:00,199 Speaker 1: shot and you see the street go up in the 387 00:20:00,240 --> 00:20:03,080 Speaker 1: air and come down wherever it is, and the golf 388 00:20:03,119 --> 00:20:07,159 Speaker 1: audience hated it, which I thought it was a good idea, 389 00:20:07,600 --> 00:20:09,720 Speaker 1: But I guess you got to know your audience when 390 00:20:09,720 --> 00:20:13,240 Speaker 1: you're doing these things. And and there have been kind 391 00:20:13,240 --> 00:20:16,320 Speaker 1: of people people argue any any change, and how it 392 00:20:16,400 --> 00:20:18,119 Speaker 1: is that if they change anything at the office, they 393 00:20:18,119 --> 00:20:20,080 Speaker 1: make you do something a little different, your moan about it, 394 00:20:20,119 --> 00:20:21,800 Speaker 1: and then a couple of days later you're used to 395 00:20:21,840 --> 00:20:24,360 Speaker 1: it and it's no big deal. Yeah, well let's see 396 00:20:24,359 --> 00:20:26,080 Speaker 1: if it's But it's also a core audience for golf. 397 00:20:26,160 --> 00:20:28,040 Speaker 1: They have a bigger problem. And they know that the 398 00:20:28,080 --> 00:20:30,719 Speaker 1: core audience isn't gonna shut the tournament off. Right. If 399 00:20:30,720 --> 00:20:32,480 Speaker 1: I'm a golf and I'm not shutting off the PGA 400 00:20:32,560 --> 00:20:34,960 Speaker 1: Championship because of this tale, I'll complain about it. Fine. 401 00:20:35,200 --> 00:20:37,200 Speaker 1: The question is it bringing new people to the game? 402 00:20:37,280 --> 00:20:40,359 Speaker 1: Are they growing the audience? Which is what they're trying 403 00:20:40,400 --> 00:20:45,520 Speaker 1: to do. Is Brooks kept cut making it happen? That's 404 00:20:45,520 --> 00:20:50,240 Speaker 1: what they need to find out. Yes, Brooks kept who 405 00:20:50,240 --> 00:20:51,679 Speaker 1: I still wouldn't know if he sat down in the 406 00:20:51,680 --> 00:20:53,480 Speaker 1: studio right now. I had no idea. If it's Brooks. 407 00:20:53,920 --> 00:20:56,240 Speaker 1: We talked about this a couple of months ago when 408 00:20:56,240 --> 00:20:58,520 Speaker 1: Tiger won the Masters, which for my money is one 409 00:20:58,520 --> 00:21:03,320 Speaker 1: of the bigger sports business stories that maybe. Um, it 410 00:21:03,440 --> 00:21:06,680 Speaker 1: still amazes me that we're still having this exact same 411 00:21:06,720 --> 00:21:09,360 Speaker 1: conversation that if we had a podcast in two thousand eleven, 412 00:21:09,680 --> 00:21:12,280 Speaker 1: we would probably be having the same conversation. Again, where 413 00:21:12,400 --> 00:21:15,080 Speaker 1: is golf right now? Is it to reliant on Tiger Woods? 414 00:21:15,080 --> 00:21:17,760 Speaker 1: What happens if he never returns but to the to 415 00:21:17,840 --> 00:21:20,720 Speaker 1: the level that he was at. Zion Williamson swinging stay 416 00:21:23,400 --> 00:21:26,560 Speaker 1: also a big story from I'm just trying to say, 417 00:21:26,640 --> 00:21:30,000 Speaker 1: like they need something I don't know. Yeah, the Birkskepco 418 00:21:30,400 --> 00:21:32,280 Speaker 1: to me is a is a nice example of where 419 00:21:32,280 --> 00:21:34,720 Speaker 1: golf is right where that he's a tremendously talented player. 420 00:21:34,760 --> 00:21:36,919 Speaker 1: He's the best player in the world right now, certainly 421 00:21:36,920 --> 00:21:40,119 Speaker 1: in the big tournaments. Um, but is he moving the needle? 422 00:21:40,160 --> 00:21:43,080 Speaker 1: Are people people aren't you know, flooding to events right 423 00:21:43,119 --> 00:21:45,560 Speaker 1: now to follow everything? The numbers of the draft lottery 424 00:21:45,600 --> 00:21:48,080 Speaker 1: on TV though, look at the number of people who 425 00:21:48,119 --> 00:21:52,000 Speaker 1: tuned in to see where Zion Williamson was going to go. See. Now, 426 00:21:52,240 --> 00:21:53,960 Speaker 1: that brings me to the next point when I'm talking 427 00:21:53,960 --> 00:21:57,200 Speaker 1: about the media. Is that Okay, the NBA Draft that's 428 00:21:57,240 --> 00:22:00,560 Speaker 1: one thing. The NFL Draft that's something else all together. 429 00:22:01,200 --> 00:22:04,240 Speaker 1: But is it being over saturated? Especially in the NFL. 430 00:22:04,280 --> 00:22:07,520 Speaker 1: I mean, now we're watching the combine. I mean, do 431 00:22:07,520 --> 00:22:09,480 Speaker 1: you see the number of people who tune in. May 432 00:22:09,480 --> 00:22:13,520 Speaker 1: note geez are a huge event. They draw so many 433 00:22:13,600 --> 00:22:17,640 Speaker 1: eyeballs for nothing, some stuff that I used to read 434 00:22:17,680 --> 00:22:21,720 Speaker 1: in the paper. Yeah, yeah, I get this big eyeball drawn. 435 00:22:21,760 --> 00:22:24,159 Speaker 1: Now are you kidding me? They've made a huge event 436 00:22:24,200 --> 00:22:26,320 Speaker 1: out of the draft. Kudos to the NFL. It's the 437 00:22:26,400 --> 00:22:29,480 Speaker 1: power of the NFL that the draft, that the Combine 438 00:22:29,760 --> 00:22:32,520 Speaker 1: have become these crazy events. And to see a guy 439 00:22:32,560 --> 00:22:35,280 Speaker 1: do something like, you know, two and a quarter bench 440 00:22:35,359 --> 00:22:38,560 Speaker 1: press and running and I mean, I'd rather watch Darren 441 00:22:38,600 --> 00:22:45,720 Speaker 1: Ravel run. That's that's yeah, that's you're some eyeballs. Speaking 442 00:22:45,720 --> 00:22:47,680 Speaker 1: of business stories of the year. They're gonna give me 443 00:22:47,760 --> 00:22:51,399 Speaker 1: Ravel running the forty again, Darren. I hope you're listening. 444 00:22:51,400 --> 00:22:54,760 Speaker 1: All menting good fun, But I mean, it's amazing what 445 00:22:54,840 --> 00:22:57,800 Speaker 1: will draw eyeballs and the NFL for everything we say. 446 00:22:57,840 --> 00:22:59,439 Speaker 1: By the way, I mean, we might have done this 447 00:22:59,480 --> 00:23:01,719 Speaker 1: whole show, the whole show and passed over the NFL 448 00:23:02,560 --> 00:23:05,040 Speaker 1: um but they're ramping up sort of that next media 449 00:23:05,080 --> 00:23:07,800 Speaker 1: deals they're they're ramping up for Next and for Amazon 450 00:23:07,880 --> 00:23:11,840 Speaker 1: and for and for the Fangs. They are still the 451 00:23:11,920 --> 00:23:15,959 Speaker 1: gorilla for all we talk about scale and international and 452 00:23:16,480 --> 00:23:19,200 Speaker 1: um we we have other owners saying maybe the NBA 453 00:23:19,280 --> 00:23:23,080 Speaker 1: will surpass it. For now, the NBA may not be 454 00:23:23,119 --> 00:23:25,359 Speaker 1: the eight hundred pounds of grilla gorilla, but they're the 455 00:23:25,400 --> 00:23:28,200 Speaker 1: seven hundred and seventy five pound gorilla and they still 456 00:23:28,280 --> 00:23:31,320 Speaker 1: are king. There's no one unless there's no one within 457 00:23:31,400 --> 00:23:36,239 Speaker 1: five billion dollars. And I'm really excited if they keep that, 458 00:23:36,280 --> 00:23:40,480 Speaker 1: if that trajectory towards you know, the billion seven whatever 459 00:23:40,680 --> 00:23:43,600 Speaker 1: Roger's number was, It's gonna be fun to see how 460 00:23:43,640 --> 00:23:45,760 Speaker 1: they get there. Would be remiss if we if we 461 00:23:45,800 --> 00:23:49,119 Speaker 1: went through this whole nineteen kind of preview episode and 462 00:23:49,160 --> 00:23:52,480 Speaker 1: didn't talk a little bit about college sports. UM. I 463 00:23:52,560 --> 00:23:55,320 Speaker 1: have not been. I've been pretty vocal in my thoughts 464 00:23:55,400 --> 00:23:58,560 Speaker 1: on college sports from its governance standpoint. But one thing, 465 00:23:58,720 --> 00:24:00,720 Speaker 1: and I can't believe I'm saying this, I do think 466 00:24:00,720 --> 00:24:04,159 Speaker 1: that college sports has been a very interesting kind of 467 00:24:04,200 --> 00:24:08,159 Speaker 1: subset or or study on the future of sports media 468 00:24:08,400 --> 00:24:10,360 Speaker 1: and we're seeing some of the more interesting kind of 469 00:24:10,680 --> 00:24:13,960 Speaker 1: media new media deals. You talk about the fangs, your Facebook's, 470 00:24:13,960 --> 00:24:17,800 Speaker 1: your Amazon, Netflix. Yeah, there's a lot of really interesting 471 00:24:17,840 --> 00:24:20,880 Speaker 1: things happening right now with college football. From a broadcasting standpoint. 472 00:24:21,080 --> 00:24:24,880 Speaker 1: You mentioned Conference USA last week announced NFL network deal. 473 00:24:24,880 --> 00:24:27,760 Speaker 1: They're gonna show ten games live on on NFL network. 474 00:24:28,000 --> 00:24:30,960 Speaker 1: We have some conferences that are going all in with ESPN, 475 00:24:31,080 --> 00:24:33,199 Speaker 1: like we saw with the Sun Belt Conference and the 476 00:24:33,240 --> 00:24:36,720 Speaker 1: IVY League. We've had, you know, the PAC twelve network 477 00:24:36,840 --> 00:24:39,280 Speaker 1: right which is kind of selling a stake in its 478 00:24:39,280 --> 00:24:43,080 Speaker 1: in its media enterprise. Mountain West, the conference that has 479 00:24:43,160 --> 00:24:46,720 Speaker 1: Boise State, San Diego State, among others. I would expect them, 480 00:24:46,760 --> 00:24:49,120 Speaker 1: maybe as early as this year, to be the first 481 00:24:49,119 --> 00:24:51,960 Speaker 1: major college conference to get rid of TV altogether and 482 00:24:52,000 --> 00:24:55,320 Speaker 1: go digital only. They have very frustrated about the start 483 00:24:55,359 --> 00:24:57,880 Speaker 1: times for their football games because they're beholding the TV. 484 00:24:58,240 --> 00:25:01,320 Speaker 1: There's a lot of really interesting business. But the most 485 00:25:01,400 --> 00:25:04,600 Speaker 1: interesting and the big one that I'm waiting to see 486 00:25:05,119 --> 00:25:08,160 Speaker 1: is the steak sale in the PAC twelve, because that's 487 00:25:08,160 --> 00:25:11,679 Speaker 1: going to give evaluation to a conference that has not 488 00:25:11,840 --> 00:25:17,600 Speaker 1: only the marquee teams known commodities in the big time sports, 489 00:25:17,640 --> 00:25:21,480 Speaker 1: but also for the scale of the Olympic sports, the swimming, 490 00:25:21,520 --> 00:25:24,560 Speaker 1: the diving, the others around the world. So it's gonna 491 00:25:24,560 --> 00:25:26,440 Speaker 1: be very interesting to see. Is that private equity gonna 492 00:25:26,480 --> 00:25:28,240 Speaker 1: take a piece in this because they see growth? Is 493 00:25:28,280 --> 00:25:31,360 Speaker 1: it a strategic I don't know, but the rain group 494 00:25:31,480 --> 00:25:33,199 Speaker 1: is out there, you know. We we've had Colin on 495 00:25:33,240 --> 00:25:36,520 Speaker 1: the show, Colin Neville of rain Um. Gonna be very 496 00:25:36,560 --> 00:25:40,840 Speaker 1: interesting to see what happens with that steak sale. How 497 00:25:40,920 --> 00:25:44,280 Speaker 1: much and does Larry Scott managed to because he's got 498 00:25:44,320 --> 00:25:46,920 Speaker 1: all his rights that at once, does he manage them 499 00:25:46,960 --> 00:25:50,080 Speaker 1: to propel the PAC twelve back up to where the 500 00:25:50,240 --> 00:25:52,680 Speaker 1: SEC and the Big twelve have been. Yeah? So, so 501 00:25:52,720 --> 00:25:58,240 Speaker 1: some numbers for you from from tax filings has been 502 00:25:56,520 --> 00:26:02,399 Speaker 1: the Pack twelve last season distributed twenty nine and a 503 00:26:02,440 --> 00:26:05,320 Speaker 1: half million dollars to each of its schools. Most of 504 00:26:05,320 --> 00:26:08,080 Speaker 1: that money is is the media money obviously, of the 505 00:26:08,080 --> 00:26:11,880 Speaker 1: other big Power five conferences, Big twelve thirty four point 506 00:26:11,920 --> 00:26:14,000 Speaker 1: seven million, so a little higher than the PAC twelve, 507 00:26:14,440 --> 00:26:18,600 Speaker 1: SEC forty three point seven million, Big ten fifty four million. 508 00:26:18,960 --> 00:26:22,560 Speaker 1: So among even the Power five conferences there is this 509 00:26:22,720 --> 00:26:25,399 Speaker 1: huge financial gap. I mean, the the Big ten is 510 00:26:25,400 --> 00:26:29,920 Speaker 1: almost double what the PAC twelve is sharing every from 511 00:26:29,920 --> 00:26:32,520 Speaker 1: a from a media standpoint. Um, So just to show 512 00:26:32,560 --> 00:26:34,919 Speaker 1: you a what's at stake for the PAC twelve and 513 00:26:34,960 --> 00:26:38,280 Speaker 1: also another kind of bigger point about college sports that 514 00:26:38,440 --> 00:26:41,159 Speaker 1: the inequity gap, the gap between the haves and the 515 00:26:41,240 --> 00:26:43,719 Speaker 1: have not. And don't think those presidents are looking at 516 00:26:43,760 --> 00:26:47,920 Speaker 1: Larry Scott's saying uh and what his seat under Larry 517 00:26:47,920 --> 00:26:50,919 Speaker 1: Scott is hot. There's a recent tax filing right there, 518 00:26:50,920 --> 00:26:52,480 Speaker 1: tax filing from last year just came out. What do 519 00:26:52,480 --> 00:26:54,560 Speaker 1: you make about six million dollars? Yeah, he's I believe 520 00:26:54,560 --> 00:26:58,080 Speaker 1: he's the highest paid commissioner in all of college So 521 00:26:58,119 --> 00:27:02,359 Speaker 1: he has fear ready at least set himself up and 522 00:27:03,080 --> 00:27:07,040 Speaker 1: the members up for a big pay day at the 523 00:27:07,040 --> 00:27:11,320 Speaker 1: PAC twelve. He is right to bet on content. Now 524 00:27:11,359 --> 00:27:13,320 Speaker 1: he just has to deliver that just has to make 525 00:27:13,320 --> 00:27:15,399 Speaker 1: it happen. Okay, now, now, which brings me to this 526 00:27:15,400 --> 00:27:19,639 Speaker 1: point when you talk about college sports, double swinning, who 527 00:27:19,720 --> 00:27:23,879 Speaker 1: is not a fan of the college athletes getting paid? 528 00:27:24,600 --> 00:27:28,080 Speaker 1: And he said, now, murmur, Now he's what making nine million? 529 00:27:28,440 --> 00:27:31,280 Speaker 1: Sure he'd quit out of protest? Well, he said he 530 00:27:31,280 --> 00:27:33,320 Speaker 1: would just go to the pro I'm sure he and 531 00:27:33,359 --> 00:27:37,600 Speaker 1: make less money, and make make less money million dollars 532 00:27:37,600 --> 00:27:40,400 Speaker 1: a year, doesn't think his industry should be professionalized. Yeah, 533 00:27:40,720 --> 00:27:45,320 Speaker 1: that that kind of boggles my mind. So which brings 534 00:27:45,359 --> 00:27:47,960 Speaker 1: me back to the point. Okay, we love our college football, 535 00:27:48,280 --> 00:27:52,320 Speaker 1: we love the NFL. You tell me, it's like, as 536 00:27:52,359 --> 00:27:55,159 Speaker 1: long as you get the eyeballs, people will view in. 537 00:27:55,720 --> 00:28:01,320 Speaker 1: Why did the a F collapse? Didn't have the money? Okay, 538 00:28:01,040 --> 00:28:04,080 Speaker 1: So here's here's a few other topics we had. Bar 539 00:28:04,520 --> 00:28:06,800 Speaker 1: that Evan and I spitballed earlier. You tell me what's 540 00:28:06,800 --> 00:28:10,679 Speaker 1: one of these you want to discuss? Dundundund dundun. I 541 00:28:10,720 --> 00:28:13,680 Speaker 1: did it on there, dun dun dundu dundun. Alright, Tom Dundon, 542 00:28:13,800 --> 00:28:15,400 Speaker 1: that was That was our Tom Dundon, by the way, 543 00:28:15,800 --> 00:28:18,520 Speaker 1: So you tell me ready, we have the RSN sale, 544 00:28:18,560 --> 00:28:20,680 Speaker 1: the Fox RSN sale. We had Zion Williams and we 545 00:28:20,720 --> 00:28:24,560 Speaker 1: touched on him. Nick's maybe getting Durant, Kyrie Irving, the 546 00:28:24,640 --> 00:28:29,720 Speaker 1: Raiders and Las Vegas that stadium, Kaepernick still election, Kaepernick 547 00:28:29,800 --> 00:28:33,560 Speaker 1: Ram Stadium, five plus billion dollars, migration to Asia sports 548 00:28:33,600 --> 00:28:35,320 Speaker 1: content bar Which one do you want to I want 549 00:28:35,359 --> 00:28:39,000 Speaker 1: the Raiders the Raiders, Okay, Raiders, and uh, it works 550 00:28:39,080 --> 00:28:42,320 Speaker 1: for football because you're gonna play in the wintertime in 551 00:28:42,440 --> 00:28:45,960 Speaker 1: Las Vegas. Great, Uh, you can't have a summer sport 552 00:28:46,040 --> 00:28:48,720 Speaker 1: like a baseball team in Las Vegas. Have a minor 553 00:28:48,760 --> 00:28:51,600 Speaker 1: league team in Las Vegas. It's Bryce Harper play there. 554 00:28:52,200 --> 00:28:54,640 Speaker 1: But I think it's a night game though, isn't It's 555 00:28:54,640 --> 00:28:58,640 Speaker 1: still pretty but in the night, and I mean in 556 00:28:58,640 --> 00:29:01,240 Speaker 1: in Vegas, it's like it's it's the desert for crime. 557 00:29:01,920 --> 00:29:04,280 Speaker 1: For me, it's still about the seven fifty million dollar 558 00:29:04,320 --> 00:29:07,320 Speaker 1: public subsidy for the building. That's why, that's why that 559 00:29:07,880 --> 00:29:11,480 Speaker 1: stadium happened. And it's going to be very interesting again 560 00:29:11,600 --> 00:29:14,280 Speaker 1: to see who's gonna put the name on the building, right, 561 00:29:15,080 --> 00:29:16,520 Speaker 1: which is gonna be the bigger one in the Vegas 562 00:29:16,640 --> 00:29:19,520 Speaker 1: or r l A. In terms of naming rights, Barcelona's 563 00:29:19,520 --> 00:29:22,239 Speaker 1: got a naming rights coming up, I think because it's 564 00:29:22,320 --> 00:29:24,280 Speaker 1: number two. But you're gonna get a darn good naming 565 00:29:24,320 --> 00:29:26,480 Speaker 1: rights and it's gonna be way more. As you know, Evan, 566 00:29:26,760 --> 00:29:28,959 Speaker 1: these deals are about how can we do multiple things, 567 00:29:29,000 --> 00:29:31,840 Speaker 1: how do we incorporate, how do we fully in um 568 00:29:32,120 --> 00:29:34,080 Speaker 1: that stadium will not be done this year, right, that 569 00:29:34,080 --> 00:29:40,120 Speaker 1: that that will finish in time. Son, Remember the Raiders 570 00:29:40,160 --> 00:29:41,920 Speaker 1: for a while, we're looking for a place to play. 571 00:29:42,040 --> 00:29:45,400 Speaker 1: They didn't know. We knew they'd find one. But all 572 00:29:45,520 --> 00:29:48,680 Speaker 1: all those things are really You mentioned the Knicks briefly 573 00:29:48,720 --> 00:29:50,800 Speaker 1: in there. I think it's worth touching on them. Uh, 574 00:29:51,280 --> 00:29:53,280 Speaker 1: didn't you know they had one of the best chances 575 00:29:53,280 --> 00:29:56,600 Speaker 1: to lands. I am they didn't in the draft lottery. However, 576 00:29:57,040 --> 00:29:59,320 Speaker 1: as we've said before on the show, they have a 577 00:29:59,400 --> 00:30:01,680 Speaker 1: lot of room. They're going to get the number three 578 00:30:01,760 --> 00:30:05,960 Speaker 1: draft pick who's going to be a big name, someone 579 00:30:06,000 --> 00:30:08,080 Speaker 1: that that fans can get excited about. Free agent, the 580 00:30:08,160 --> 00:30:11,320 Speaker 1: Knicks revival, and and also we didn't you didn't mention 581 00:30:11,320 --> 00:30:12,920 Speaker 1: it there, But what's going on with the Lakers also 582 00:30:13,000 --> 00:30:15,560 Speaker 1: right now is a fascinating business story as well. The 583 00:30:15,600 --> 00:30:19,720 Speaker 1: two best known, highest value franchises in the NBA are 584 00:30:19,760 --> 00:30:23,000 Speaker 1: both going through a very big transition this year. We'll 585 00:30:23,000 --> 00:30:24,560 Speaker 1: be interested to see how both of those shake out. 586 00:30:25,320 --> 00:30:28,080 Speaker 1: And that was our look back and look forward at 587 00:30:28,160 --> 00:30:31,320 Speaker 1: some of the biggest sports stories that we thought were 588 00:30:31,320 --> 00:30:34,920 Speaker 1: the top stories of you've been listening to Bloomberg Business 589 00:30:35,000 --> 00:30:37,760 Speaker 1: of Sports Memorial Day Show special, and by the way, 590 00:30:37,800 --> 00:30:40,400 Speaker 1: thank you for listening. Uh. I know many of you 591 00:30:40,440 --> 00:30:42,479 Speaker 1: have the day off, but remember what this day is 592 00:30:42,560 --> 00:30:45,960 Speaker 1: really all about, and we appreciate all the people that 593 00:30:46,520 --> 00:30:50,360 Speaker 1: gave their lives for our country. We're here each and 594 00:30:50,400 --> 00:30:54,280 Speaker 1: every week at the same time, plus online as a podcast. 595 00:30:54,760 --> 00:30:57,440 Speaker 1: You can catch that Monday's, Wednesdays and Thursdays on Michael 596 00:30:57,440 --> 00:30:59,880 Speaker 1: Barrow on Twitter at Big bar Sports. I'm been nov 597 00:31:00,040 --> 00:31:03,800 Speaker 1: Williams at no V Underscore Williams, and I'm Scott Sashnik. 598 00:31:03,880 --> 00:31:06,040 Speaker 1: You can follow me on Twitter at sash Nick. Thanks 599 00:31:06,160 --> 00:31:08,360 Speaker 1: very much for joining us, and please tune in at 600 00:31:08,360 --> 00:31:10,360 Speaker 1: the end of the week when we speak with Facebook's 601 00:31:10,400 --> 00:31:13,440 Speaker 1: Dan Reid. You're listening to Bloomberg Business of Sports from 602 00:31:13,440 --> 00:31:15,560 Speaker 1: Bloomberg Radio around the world.