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Speaker 1: Hello, I'm Scott, I'm Evan, Nobie Williams, and I'm like

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Speaker 1: LaVar and this is the Bloomberg Business of Sports podcast.

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Speaker 1: We're going to explore the big money issues in the

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Speaker 1: world of sports today. Let's start with NBA star Steph

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Speaker 1: Curry sponsoring the creation of men's and women's golf teams

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Speaker 1: at Howard University. I'm just very proud that Steph learned

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Speaker 1: his lesson. It's not just a men's team. Remember when

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Speaker 1: the little Girl letter and he's got the daughters. He's

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Speaker 1: like men's and women's golf. Absolutely. We all know Steph

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Speaker 1: loves the links. He's very very good too. I don't

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Speaker 1: know his exact handicap, but of the professional athlete golfers,

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Speaker 1: you know, he's probably right up there with Pierre le

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Speaker 1: Rous and Rick Roadon, Like those are the guys that

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Speaker 1: win all the tournaments. Romo, Tony Romo is good now too.

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Speaker 1: Yeah yeah, so, uh, step step is good. But he's

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Speaker 1: going to a historically black college, uh that had a

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Speaker 1: team decades ago but hasn't had one since. These things

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Speaker 1: are very expensive. The cost of operations and scholarships. You're

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Speaker 1: talking hundreds of thousands of dollars year. So Steph is

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Speaker 1: h writing a check for a big number seven figures

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Speaker 1: we know pay out over six years until the program

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Speaker 1: can be self sustaining. And how many times do we

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Speaker 1: hear about minorities the lack of an opportunity for them

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Speaker 1: to get involved in golf. Well, now here is the

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Speaker 1: opportunity and maybe a chance for someone from that team

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Speaker 1: to go big time to the tour. Yeah, it sounds

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Speaker 1: like Howard had a Division two golf team I think

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Speaker 1: until the seventies and and then that program was abandoned

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Speaker 1: and never restarted. Yeah, this is you know, a sport

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Speaker 1: that obviously struggles with with with some demographic diversity, even

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Speaker 1: even in sort of the post Tiger Woods dominance era

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Speaker 1: that was supposed to springboard, right, they're supposed to springboard

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Speaker 1: a lot more black players in golf. I haven't seen.

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Speaker 1: It hasn't happened. Well, it's hopefully this will get at

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Speaker 1: least something going in that I've got. I've got a

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Speaker 1: hot take on this. Um So, the the Washington Post

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Speaker 1: story about this says that that the players who play

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Speaker 1: golf at Howard, we'll all have to agree to volunteer

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Speaker 1: at Steph's charity for certain events throughout the year. In

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Speaker 1: Greater Washington, the charity EAT Learned Play, which is what

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Speaker 1: he was Steff founded with his wife Aisha Um. I

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Speaker 1: think that's a little sketchy. She's the EAT, he's the Play.

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Speaker 1: I guess they're both together. I think it's a little

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Speaker 1: sketchy that that you know that that and I don't

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Speaker 1: know if whether this is contingent on that, but yeah,

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Speaker 1: the fact that you know the the sponsor of this

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Speaker 1: program is requiring. And again I'm not sure it's requiring

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Speaker 1: that the wording is a little vague, but if if

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Speaker 1: athletes were playing golf at Howard on Steph Curry's dime

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Speaker 1: have to volunteer for his charity, that seems a little uhy.

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Speaker 1: I bring it to because I know you have another

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Speaker 1: hot take Louisiana La Fayette. Ah. Yeah, so I think

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Speaker 1: this is actually kind of related. Yeah, so you see

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Speaker 1: that's perfect. Yeah, So so you don't hear you don't

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Speaker 1: hear Evan say that to me very often? That's perfect

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Speaker 1: for folks who didn't see Colin was the only one

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Speaker 1: who got the teat them up. But last week, the

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Speaker 1: football coach at Louisiana Lafayette got in a lot of

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Speaker 1: hot water for saying that he was going to require

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Speaker 1: the scholarship football players for the raging cages. I would

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Speaker 1: have said, got himself in a boil to But but whatever,

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Speaker 1: But what required those scholarship players to donate to the

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Speaker 1: school's athletic fund a minimum of fifty dollars a year um.

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Speaker 1: And he said it was the reason was that he

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Speaker 1: wanted to kind of, you know, create some kind of

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Speaker 1: involvement in equity stake among the players. It was roundly

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Speaker 1: pand I think rightfully. So the idea of requiring your

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Speaker 1: scholarship players to pay money to the school, uh, is

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Speaker 1: pretty ridiculous. And I think that this is you know,

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Speaker 1: if it is true that these golfers have to be

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Speaker 1: you know, have to required to volunteer for steps charity,

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Speaker 1: it's not as bad as paying your own money. But

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Speaker 1: you know, these student athletes have enough requirements on their hand.

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Speaker 1: They they the the ability to play sports at colleges

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Speaker 1: should not be tied to other extracurricular things or financial things.

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Speaker 1: Have been emailed the school like right away, and to

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Speaker 1: say that they backtracked, there's backtracking. There's like you know,

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Speaker 1: there's a little moonwalk backtrack and they're those quarterback drills backtrack.

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Speaker 1: They quarterback drill back backtrack. I mean there was some

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Speaker 1: like serious movement in the other direction. Yeah, it's no

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Speaker 1: longer required an encouraged to donate if they can. By

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Speaker 1: the way, on that story though, congratulations. This was also

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Speaker 1: in the post story. Uh, the Charles all Drew Public

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Speaker 1: Charter School in Georgia all black team golf team won

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Speaker 1: the state championship. First one, congratulation, probly like to to

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Speaker 1: win the championship. Congratulations, yes, and by the way, that then,

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Speaker 1: do you know who Charles R. Drew was? I'm drawing

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Speaker 1: a blank. I didn't either, but I'm gonna you know,

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Speaker 1: great learn just went read about this guy's life. Fascinating cool.

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Speaker 1: I encourage all I'm not gonna say. If they want

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Speaker 1: to know, you can go google Charles R. Drew. But

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Speaker 1: pretty cool stuff. Let's move on to jay Z. We

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Speaker 1: have an unconfirmed report this is from TMZ. Jay Z

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Speaker 1: will soon acquire a significant ownership interest in an NFL team.

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Speaker 1: Significant doing a lot of work there, I think in

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Speaker 1: that sentence, yeah, I trust them. On the post nightclub videos,

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Speaker 1: I'm not sure where I stand on this one. Yeah,

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Speaker 1: this one. I mean that comes on the heel of

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Speaker 1: you know, the partnership between jay Z and the NFL,

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Speaker 1: which we talked about kind of at length last week. Um,

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Speaker 1: according to t MZ, jay Z has been some medium

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Speaker 1: to advanced stage of negotiating the right to buy a team,

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Speaker 1: which they did not identify. Um, they say it's a

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Speaker 1: significant steak. I think there are a lot of questions here,

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Speaker 1: right that the process by which you know, ownership stakes transfer,

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Speaker 1: you know, this is a process that eventually involves the

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Speaker 1: league office. They often get voted on. From what we understand,

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Speaker 1: that has not happened yet in any capacity. Um. There's

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Speaker 1: also I think a financial question to be made here, right,

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Speaker 1: I mean, jay Z is is wealthy by all means,

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Speaker 1: but to buy a significant steak in a NFL, Yeah,

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Speaker 1: you might need three hundred million dollars for the cash.

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Speaker 1: You might need two fifty million dollars for the cash. Um,

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Speaker 1: does jay Z have I mean there are a lot

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Speaker 1: of questions here that the TMZ did not answer its

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Speaker 1: original report. Yes, and I made some phone calls right

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Speaker 1: away to folks who's let's say ears and desks. This

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Speaker 1: would have crossed in all likelihood, nobody had heard a

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Speaker 1: thing about it that would be difficult to pull off.

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Speaker 1: For then now it's fun to play the guess who game.

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Speaker 1: I'm going from Buffalo Buffalo, the only team from his Buffalo. Listen,

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Speaker 1: you got it first of all, you had went to

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Speaker 1: school scuse but you need a team that How can

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Speaker 1: I say this delicately? Uh that if you jumped in

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Speaker 1: for ownership. Uh yeah, I guess you could see that happening. That.

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Speaker 1: How about Terry Pagoula need jay Z Listen, man, money

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Speaker 1: is money is money. You come in there saying it

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Speaker 1: has got money. I got it. But I mean still,

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Speaker 1: it's like, you know, if you all right, I'm no, No,

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Speaker 1: I was gonna make one of those grand statements like

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Speaker 1: I'll eat my hat kind of thing, but like I

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Speaker 1: don't need to do that. Well, I'm just because I

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Speaker 1: don't need to be hanging out naked in the Buffalo snow. No, No,

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Speaker 1: not happened. I think the only thing I had thought

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Speaker 1: of maybe Pittsburgh because of the Rooney's and because there's

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Speaker 1: a piece out there, but that no Patriots. Patriots makes

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Speaker 1: the most sense because Kraft sort of broken the relationship

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Speaker 1: with the nfl um. He's he's driven on sort of,

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Speaker 1: he's involved in the Meek mill um, so I mean

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Speaker 1: that sort of makes sense. But again, I don't think

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Speaker 1: the Patriots need jay Z in their ownership group either,

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Speaker 1: So not sure, but will be interesting to see if

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Speaker 1: it acts well. First and I'm not not trying to

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Speaker 1: knock TMZ, but first this has got to be confirmed.

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Speaker 1: I sure. And there's also I mean, I think there's

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Speaker 1: also potentially a chance that that jay Z acquires a

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Speaker 1: very very tiny, insignificant so so counter to what. Yeah,

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Speaker 1: he owned point one of the Brooklyn Nets and it

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Speaker 1: was a huge deal and he was an asset absolutely

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Speaker 1: to the ownership group when they moved to Brooklyn, right,

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Speaker 1: So so you can be Brooklyn makes sense. There's so

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Speaker 1: many synergies with jay Z and Brooklyn. I mean, his

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Speaker 1: name in the name jay Z comes from the subways

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Speaker 1: he used to rock. Yeah. And and then lastly, which

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Speaker 1: we also should contempt, did you know that hey little

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Speaker 1: learning on the show. I love it. I'm just happy

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Speaker 1: the way we should Another thing we should mention because

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Speaker 1: the reason jay Z no longer has that stake in

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Speaker 1: the Nets is that he started rock Nation and rock

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Speaker 1: Nation started representing basketball players and suddenly there was a

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Speaker 1: conflict of interest. He had to sell it. Rock Nation

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Speaker 1: also represents football players, Sae Kwon Barkley being one of them.

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Speaker 1: So there's also a big conflict of interest question. Here

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Speaker 1: will the NFL let today, but the NFL let someone

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Speaker 1: who's who, who's whose company is managing athletes also own

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Speaker 1: a significant stake in the NFL team. I'm not sure

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Speaker 1: the beauty this is what this is the thing I

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Speaker 1: do always tell people that if that would be the

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Speaker 1: big impediment. Here's the one thing you need to know

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Speaker 1: about NFL rules. The NFL owners make the rules. They

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Speaker 1: can change them anytime they want. They wanted to happen,

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Speaker 1: they change the rule. Yeah, that's simple. Speaking of the NFL. Finally,

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Speaker 1: you thought the controversy over NFL wide receiver Antonio Brown's

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Speaker 1: helmet music in on this. Now we've reached clowns that

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Speaker 1: we've we've reached clowns, and the owner now is like, look,

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Speaker 1: I have had enough of this and what's gonna happen. Well,

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Speaker 1: first we should add there are are reports that Antonio

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Speaker 1: Brown is not showing up to practice. Well, he didn't

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Speaker 1: show up, and that the GM came out and made

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Speaker 1: the statement, he's not here because he's not happy with

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Speaker 1: his helmet situation. Wouldn't take any question. You can see

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Speaker 1: the patients. What's past Warren Thin Like, if this was

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Speaker 1: this was a string and the candle is underneath the string,

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Speaker 1: that very last fiber is holding it, you are on

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Speaker 1: my last nerve child. Anybody who has ever played Yes,

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Speaker 1: as anybody who has ever played sports, especially at an

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Speaker 1: elite level, knows, the greater the talent, the more people

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Speaker 1: will put up with. Like if this was some backup linebacker,

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Speaker 1: he's gone already, right. So, but that said, there does

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Speaker 1: come a time at which even the talent doesn't make

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Speaker 1: it worthwhile, and it seems as if we're getting close

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Speaker 1: to that time with the radio. Yeah, to catch people

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Speaker 1: up on kind of the newest part of this saga,

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Speaker 1: I think last time we talked about it, Antonio Brown

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Speaker 1: was soliciting it an helmet that was less than ten

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Speaker 1: years old so that he could wear it right NFL regulations.

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Speaker 1: He found that helmet, a two thousand and fourteen shut helmet,

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Speaker 1: but the helmet failed the NFL's baseline tests. So the

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Speaker 1: NFL then told him, I know you found a more

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Speaker 1: recent one, but you can't wear it because it was like,

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Speaker 1: actually I don't I don't know where he got it. Um,

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Speaker 1: So we're kind of back to where being different he

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Speaker 1: got a leaf blower at the helmet. We're back to

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Speaker 1: where we were I think, like a week and a

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Speaker 1: half ago, where he needs to adjust to one of

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Speaker 1: the new helmets, which he has not worn before, and he,

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Speaker 1: at least so far, seems unwilling to to do. How

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Speaker 1: do you think this would be playing out right now?

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Speaker 1: If it was Bill Belichick and Tom Brady wouldn't be

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Speaker 1: because you know, Brady also didn't like the rule has

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Speaker 1: to get a new helmet, wasn't happy about it. Brady

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Speaker 1: and Aaron Rodgers. But what did they do? They helmet?

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Speaker 1: They go, how would this play out? I'm not playing period.

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Speaker 1: That's it. You use the new helmet, that's what you're

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Speaker 1: gonna do. The other thing, I mean, how do you

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Speaker 1: get used to the new helmet? You plant, you practice

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Speaker 1: in it, and you and you get adjusted to it.

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Speaker 1: He's also losing out on the potential rep opportunities for

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Speaker 1: getting used to walking around. Maybe he's walking around the

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Speaker 1: house with it. I mean, seriously, maybe, maybe he's just

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Speaker 1: he doesn't want to go and kid, maybe he's walking

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Speaker 1: around the house with his helmet. Nobody's seen your TMD.

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Speaker 1: Get me a picture of Antonio Brown walking around the

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Speaker 1: house and the swimming pool on the floaty with his

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Speaker 1: helmet on, just sweating and getting it up. By the

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Speaker 1: way I spent you know, I got some new skates

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Speaker 1: for Jackson, uh, and I wanted to get him in

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Speaker 1: time so we get some reps in before training camp starts.

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Speaker 1: Even just walking around the house would ever put him on.

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Speaker 1: I paid for next day shipping on Friday. Yeah, I

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Speaker 1: guess when it says it's coming today, it's coming to

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Speaker 1: Friday to Monday. Friday to Monday, next day ship. I

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Speaker 1: bet you that's next business day shipping. If it doesn't

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Speaker 1: say that, I have to make a think of this.

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Speaker 1: You know me, You know I won't be paid for

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Speaker 1: my next six shippings. You are sexy when your nostrils

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Speaker 1: flair like that. Well you know. This is the Bloomberg

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Speaker 1: Business of Sports podcast. I'm Michael Barr along with Scott

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Speaker 1: Sasnick and Evanvie Williams. I was looking here. I couldn't

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Speaker 1: find out. Yeah, I can't find where I'm in the paper.

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Speaker 1: Oh well, what Collin tip in line. Look, look, look

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Speaker 1: he changed the day to the right day on here

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Speaker 1: because we are here every Monday, Wednesday and Thursdays. We

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Speaker 1: tell you all the time, but on the paper it

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Speaker 1: always says Friday. And we have despite the conditions under

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Speaker 1: which we have to work like that, we've gotten it

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Speaker 1: right for for all the time. But now it's back,

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Speaker 1: he said Thursday. At least we get to wear our

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Speaker 1: own helmets. We at least we get to do it.

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Speaker 1: So anyway, we explore the world of money in sports.

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Speaker 1: You can join us again at the end of the

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Speaker 1: week where we speak with the biggest and brightest in

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Speaker 1: the sports business world. You're listening to Bloomberg Business of

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Speaker 1: Sports on Bloomberg Radio around the world and online wherever

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Speaker 1: you get your podcasts.