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Don't wait, 45 00:02:37,360 --> 00:02:39,720 Speaker 2: don't hesitate, hit over there now all. 46 00:02:39,720 --> 00:02:43,040 Speaker 3: Right, gus special edition of E y L broadcasted at 47 00:02:43,040 --> 00:02:44,600 Speaker 3: the NFLPA House. 48 00:02:44,720 --> 00:02:45,680 Speaker 1: Yes, suit in the house. 49 00:02:45,720 --> 00:02:49,079 Speaker 3: Thank you guys for the hospitality. So we have what 50 00:02:49,320 --> 00:02:52,720 Speaker 3: has been called the most important person in sports by 51 00:02:52,760 --> 00:02:53,239 Speaker 3: some people. 52 00:02:53,560 --> 00:02:54,560 Speaker 1: He'll be here in a few minutes. 53 00:02:56,080 --> 00:02:59,800 Speaker 4: He'll be joining us coffee. 54 00:03:00,000 --> 00:03:03,640 Speaker 1: Don't know who that is, but they got coffee and 55 00:03:03,360 --> 00:03:06,040 Speaker 1: when they get here, he'll be joining us short list. 56 00:03:06,639 --> 00:03:12,040 Speaker 3: So so D Smith, the executive Director of the NFLPA, 57 00:03:13,040 --> 00:03:15,120 Speaker 3: first and foremost, thank you for joining us. 58 00:03:15,160 --> 00:03:17,520 Speaker 1: Appreciate it, oh man, thank you for thank you for 59 00:03:17,560 --> 00:03:19,880 Speaker 1: having me. I mean, this is a crazy week getting 60 00:03:19,880 --> 00:03:22,519 Speaker 1: down with you guys talking, having a good rap, having 61 00:03:22,520 --> 00:03:24,959 Speaker 1: a good conversation. Just thanks for having me. It's it's 62 00:03:25,000 --> 00:03:28,200 Speaker 1: a lot easier than a negotiation session with I mean, to. 63 00:03:28,200 --> 00:03:30,200 Speaker 4: Take your time out during the biggest speak of the 64 00:03:30,280 --> 00:03:31,920 Speaker 4: NFL season is very important. 65 00:03:31,960 --> 00:03:33,600 Speaker 1: So we are gracious to have you. So thank you. 66 00:03:34,160 --> 00:03:34,400 Speaker 5: Yeah. 67 00:03:34,440 --> 00:03:35,880 Speaker 3: So this is right up all Ali. You know, we're 68 00:03:35,880 --> 00:03:39,200 Speaker 3: a business platform. So a lot of people watch Super Bowl. 69 00:03:39,320 --> 00:03:42,440 Speaker 3: They're fans of teams, but they don't really know the 70 00:03:42,480 --> 00:03:45,560 Speaker 3: inner workings of how the business actually gets handled. And 71 00:03:45,760 --> 00:03:47,400 Speaker 3: they might have heard of the NFL p but I 72 00:03:47,400 --> 00:03:48,600 Speaker 3: feel a lot of people don't even know what the 73 00:03:48,680 --> 00:03:51,280 Speaker 3: NFL p A is. So can you just give an 74 00:03:51,320 --> 00:03:53,920 Speaker 3: overview of what exactly the nfl PA is. 75 00:03:54,320 --> 00:03:57,000 Speaker 1: Yeah, I mean, look, the nfl PA is the is 76 00:03:57,040 --> 00:04:01,000 Speaker 1: a labor union for the active NFL players. So you know, 77 00:04:01,040 --> 00:04:02,840 Speaker 1: if you want to think about it, that Roger Goodell 78 00:04:03,000 --> 00:04:07,960 Speaker 1: represents the owners. I represent the good guess, and our 79 00:04:08,040 --> 00:04:11,720 Speaker 1: job is to negotiate. You know, we negotiate something called 80 00:04:11,760 --> 00:04:14,960 Speaker 1: a collective bargaining agreement and that is, as I explain 81 00:04:15,000 --> 00:04:18,360 Speaker 1: to our guys, it's the small B small B not 82 00:04:18,560 --> 00:04:23,120 Speaker 1: capital B, small B bible that governs the relationship between 83 00:04:23,160 --> 00:04:26,400 Speaker 1: the owners and the players. So everything with respect to 84 00:04:26,440 --> 00:04:29,160 Speaker 1: how much we get paid, the work we have to do, 85 00:04:29,320 --> 00:04:31,480 Speaker 1: working conditions that we have to do it in, and 86 00:04:31,520 --> 00:04:36,560 Speaker 1: the benefits the compensation package for the players. The NFLPA 87 00:04:36,720 --> 00:04:39,880 Speaker 1: negotiates that for every active NFL player. 88 00:04:40,080 --> 00:04:42,320 Speaker 4: So in terms of NFLPA, let's see what we can 89 00:04:42,320 --> 00:04:44,839 Speaker 4: break this down. There's over two thousand players, correct, you 90 00:04:44,880 --> 00:04:48,920 Speaker 4: represent them? Yep, There's thirty two owners and Roger Goodell 91 00:04:49,000 --> 00:04:50,000 Speaker 4: represents them. 92 00:04:50,520 --> 00:04:52,600 Speaker 1: Hired and paid for by them. 93 00:04:55,640 --> 00:05:00,520 Speaker 4: So in terms of collective bargaining, because some people who 94 00:05:00,600 --> 00:05:02,640 Speaker 4: might not understand what that is, can you talk about that, 95 00:05:02,640 --> 00:05:04,040 Speaker 4: because I know that has to. 96 00:05:03,960 --> 00:05:07,240 Speaker 1: Happen every maybe five to say ten years. Yeah, yeah, 97 00:05:07,360 --> 00:05:08,800 Speaker 1: And look, I mean I make a lot of fun 98 00:05:09,160 --> 00:05:12,920 Speaker 1: with Roger because well it's funny, but I go out 99 00:05:12,920 --> 00:05:14,599 Speaker 1: of the way to do that because every now and 100 00:05:14,640 --> 00:05:18,680 Speaker 1: then people think that the commissioner is somehow this guy 101 00:05:18,839 --> 00:05:22,520 Speaker 1: who represents both the players and the owners, and that 102 00:05:22,560 --> 00:05:26,240 Speaker 1: he's neutral and he's not biased. No, I mean, he's 103 00:05:26,279 --> 00:05:29,800 Speaker 1: only hired to represent the interest of the owners. So 104 00:05:30,680 --> 00:05:33,000 Speaker 1: in that paradigm, that means you have to have somebody 105 00:05:33,040 --> 00:05:36,359 Speaker 1: on the other side that purely represents the interests of 106 00:05:36,360 --> 00:05:39,240 Speaker 1: the players. And so what the union does is, look, 107 00:05:39,279 --> 00:05:41,920 Speaker 1: I don't want to scare any fans out there. We're 108 00:05:41,960 --> 00:05:45,280 Speaker 1: not even here to protect the game. I'm not here 109 00:05:45,320 --> 00:05:48,520 Speaker 1: to facilitate the game. I dig the game, but I'm 110 00:05:48,520 --> 00:05:51,560 Speaker 1: here to represent the interests of the players. So when 111 00:05:51,600 --> 00:05:54,440 Speaker 1: we sit down and we form a collective bargaining agreement, 112 00:05:54,960 --> 00:05:57,839 Speaker 1: that's not there to protect the game as much as 113 00:05:57,920 --> 00:06:03,400 Speaker 1: it is to be the con tractual relationship between the 114 00:06:03,600 --> 00:06:07,039 Speaker 1: management and the players. And if we can get the 115 00:06:07,080 --> 00:06:13,560 Speaker 1: collective bargaining agreement right, then the game proceeds. But not backwards, right, 116 00:06:13,640 --> 00:06:16,040 Speaker 1: because a lot of people, you know, we talked about 117 00:06:16,040 --> 00:06:18,880 Speaker 1: the combine earlier, and you know, believe me, my inbox 118 00:06:18,920 --> 00:06:20,479 Speaker 1: is full of people like what am I gonna do 119 00:06:20,480 --> 00:06:22,760 Speaker 1: without the combine? But first of all, read a book. 120 00:06:24,320 --> 00:06:27,360 Speaker 1: But the way we look at it is if if 121 00:06:27,400 --> 00:06:32,640 Speaker 1: the game is inconsistent with the best interests of the players, 122 00:06:32,720 --> 00:06:35,680 Speaker 1: then there shouldn't be a game, and we make the 123 00:06:35,760 --> 00:06:39,719 Speaker 1: game subject to the interest the best interests of the players. 124 00:06:40,120 --> 00:06:41,880 Speaker 1: And that's the only way it has to work, right, 125 00:06:41,920 --> 00:06:45,720 Speaker 1: because if we get that backwards, then you're perpetuating the 126 00:06:45,760 --> 00:06:48,800 Speaker 1: game at the expense of the player and for the 127 00:06:48,839 --> 00:06:50,360 Speaker 1: things that you know, I know we're going to talk 128 00:06:50,360 --> 00:06:54,640 Speaker 1: about today. I don't believe that any man or woman 129 00:06:54,839 --> 00:06:58,440 Speaker 1: should ever come at the expense of anything. 130 00:06:59,080 --> 00:07:01,480 Speaker 4: You said something, and while you just said speaking, you 131 00:07:01,520 --> 00:07:04,240 Speaker 4: said you dig the game. And then you said you 132 00:07:04,320 --> 00:07:07,600 Speaker 4: maybe you're not a football guy. You're you started at 133 00:07:07,680 --> 00:07:10,640 Speaker 4: as a United States attorney in the District of Columbia. 134 00:07:11,160 --> 00:07:15,640 Speaker 4: So how did that transition go from that. Now, the 135 00:07:15,640 --> 00:07:18,600 Speaker 4: you know, most important man sports as something. First of all, 136 00:07:18,640 --> 00:07:22,200 Speaker 4: we just need to drop that. I'll tell you one people, 137 00:07:22,760 --> 00:07:25,720 Speaker 4: nobody believes out of my house. So nobody was out of. 138 00:07:25,720 --> 00:07:27,440 Speaker 1: The most important anything in my house. 139 00:07:28,520 --> 00:07:28,680 Speaker 4: You know. 140 00:07:28,760 --> 00:07:31,040 Speaker 1: I got a call and I was on the transition 141 00:07:31,280 --> 00:07:34,720 Speaker 1: team for the Department of Justice in two thousand and 142 00:07:35,400 --> 00:07:42,400 Speaker 1: eight after a center Obama then became President Obama elect 143 00:07:42,840 --> 00:07:44,600 Speaker 1: h So I was working on the transition team for 144 00:07:44,600 --> 00:07:48,200 Speaker 1: the Department of Justice. Headed back to the US Attorney's 145 00:07:48,240 --> 00:07:51,280 Speaker 1: office and a search firm called and they said, hey, 146 00:07:51,320 --> 00:07:54,880 Speaker 1: we put together a list of three hundred people for 147 00:07:55,080 --> 00:07:58,240 Speaker 1: the NFL player's job, and you're one of the you know, 148 00:07:58,360 --> 00:08:00,840 Speaker 1: ten twenty people who have nothing to do with sports. 149 00:08:00,840 --> 00:08:04,920 Speaker 1: And I was like, is that a compliment? And they 150 00:08:04,920 --> 00:08:07,280 Speaker 1: said that, you know, the executive Committee was interested in 151 00:08:07,320 --> 00:08:10,320 Speaker 1: a wide range of candidates. And I said, well, look, 152 00:08:10,680 --> 00:08:12,280 Speaker 1: you know, I'm not a labor lawyer. I'm not an 153 00:08:12,320 --> 00:08:15,200 Speaker 1: anti trust lawyer. I mean, my practice at the time 154 00:08:15,360 --> 00:08:18,840 Speaker 1: was representing really large corporations who were in really big fights. 155 00:08:19,080 --> 00:08:25,840 Speaker 1: So you know, corporations like Halliburton, products, liability companies, pharmaceutical companies. 156 00:08:26,960 --> 00:08:30,480 Speaker 1: That was my job, just to represent their interest when 157 00:08:30,520 --> 00:08:33,840 Speaker 1: they found themselves in harms way. And you know the 158 00:08:33,840 --> 00:08:35,880 Speaker 1: only thing that really got me interested in it was 159 00:08:36,559 --> 00:08:38,920 Speaker 1: a room of the guys saying, the executive committee knows 160 00:08:38,920 --> 00:08:41,439 Speaker 1: that they are in for a big fight in twenty eleven. 161 00:08:42,320 --> 00:08:44,960 Speaker 1: The league wants them to give back twenty percent of 162 00:08:44,960 --> 00:08:48,319 Speaker 1: their salary, They want the players to give up their pensions, 163 00:08:48,840 --> 00:08:51,240 Speaker 1: and they want the players to play eighteen games for free. 164 00:08:52,400 --> 00:08:55,480 Speaker 1: And I thought, well, I mean that sounds fantastic. So 165 00:08:56,600 --> 00:09:00,640 Speaker 1: other than those that still sounds great. I can gess 166 00:09:01,480 --> 00:09:04,080 Speaker 1: what do we say? So you know, I loved the 167 00:09:04,080 --> 00:09:07,480 Speaker 1: fight part of it and made a decision that I 168 00:09:07,480 --> 00:09:11,640 Speaker 1: would go in this direction rather than going back to government. 169 00:09:11,800 --> 00:09:16,880 Speaker 1: And it's been fourteen beautiful, stress free years. I mean 170 00:09:16,920 --> 00:09:18,920 Speaker 1: I had a full head of hair when I started 171 00:09:18,920 --> 00:09:23,360 Speaker 1: this gig. It was six to two, a few unanimous selections. Yeah, yeah, 172 00:09:24,600 --> 00:09:27,120 Speaker 1: something about right. It's worked out. Like I say, I 173 00:09:27,360 --> 00:09:30,720 Speaker 1: try to keep pepto bismol in business. They're crushing it. 174 00:09:31,600 --> 00:09:32,320 Speaker 5: Sesshing it with me. 175 00:09:32,559 --> 00:09:35,240 Speaker 3: So you talked about twenty eleven. You talked about that 176 00:09:35,360 --> 00:09:37,800 Speaker 3: and there was a strike that took place. 177 00:09:37,840 --> 00:09:41,679 Speaker 1: Walkout, lockout, Yeah, big difference. So you know, think about it. 178 00:09:41,679 --> 00:09:46,160 Speaker 1: So a strike is when workers decide that they are 179 00:09:46,240 --> 00:09:48,559 Speaker 1: not going to go to work and they're going to 180 00:09:48,679 --> 00:09:53,520 Speaker 1: deprive management of their labor and their talents until management 181 00:09:53,600 --> 00:09:57,000 Speaker 1: gives them what they want. Strikeout is almost the same thing, 182 00:09:57,040 --> 00:09:59,520 Speaker 1: but that's management saying no, no, no, no, no no, 183 00:09:59,559 --> 00:10:03,520 Speaker 1: you can't come to work. So the difference is when 184 00:10:03,600 --> 00:10:06,559 Speaker 1: they locked us out, they not only kicked all of 185 00:10:06,600 --> 00:10:09,320 Speaker 1: the players out of work most people don't know, but 186 00:10:09,360 --> 00:10:12,640 Speaker 1: they cut off all of the players' health insurance. So, 187 00:10:12,679 --> 00:10:14,920 Speaker 1: I mean, we had twelve to fifteen women who were 188 00:10:14,960 --> 00:10:18,160 Speaker 1: to due to give birth during the lockout, and they 189 00:10:18,240 --> 00:10:20,520 Speaker 1: woke up one morning in the league cut off their 190 00:10:20,800 --> 00:10:26,360 Speaker 1: health insurance. And the reason the league does the lockout is, 191 00:10:26,840 --> 00:10:28,400 Speaker 1: I mean, I tend to be a little blunt, so 192 00:10:29,120 --> 00:10:32,320 Speaker 1: if you don't mind a lot of resigned to step 193 00:10:32,360 --> 00:10:38,080 Speaker 1: on your neck until you say stop. So the league 194 00:10:38,160 --> 00:10:41,360 Speaker 1: cut off their salaries, cut off the healthcare, and it 195 00:10:41,440 --> 00:10:44,280 Speaker 1: was just really simple. You're gonna give up that pension, 196 00:10:44,320 --> 00:10:47,080 Speaker 1: and you're gonna give up that twenty percent, and you're 197 00:10:47,080 --> 00:10:50,640 Speaker 1: gonna give up, you know, the right to play eating 198 00:10:50,720 --> 00:10:55,160 Speaker 1: games for compensation because we're gonna try to choke you out. 199 00:10:55,640 --> 00:11:00,120 Speaker 1: And their philosophy is simple, the players financially can't go 200 00:11:00,360 --> 00:11:03,520 Speaker 1: long without getting paid and getting you know, healthcare, and 201 00:11:03,559 --> 00:11:06,040 Speaker 1: the players are going to give up. And so my 202 00:11:06,200 --> 00:11:08,679 Speaker 1: job is to figure out how to how to fight that. 203 00:11:08,800 --> 00:11:11,360 Speaker 1: And that's when we really started, at least for me, 204 00:11:12,120 --> 00:11:16,960 Speaker 1: started this idea that if you can financially take care 205 00:11:17,000 --> 00:11:20,760 Speaker 1: of your house, if you can build your house and 206 00:11:21,320 --> 00:11:24,960 Speaker 1: keep your house and maintain your house, you can dictate 207 00:11:25,000 --> 00:11:27,920 Speaker 1: your own destiny. And so, you know, we did a 208 00:11:27,960 --> 00:11:30,120 Speaker 1: lot of things. We sued, you know, we sued the 209 00:11:30,600 --> 00:11:33,880 Speaker 1: NFL because they had they had sort of jury rigged 210 00:11:33,920 --> 00:11:38,120 Speaker 1: the TV contracts to give them four billion dollars against us, 211 00:11:38,200 --> 00:11:40,839 Speaker 1: and we fought that in court. And we also got 212 00:11:40,840 --> 00:11:43,680 Speaker 1: a secret insurance policy that would have paid our guys 213 00:11:44,280 --> 00:11:46,680 Speaker 1: around eight hundred and fifty million dollars if we would 214 00:11:46,679 --> 00:11:49,520 Speaker 1: have gone the whole season. And so, you know, what 215 00:11:49,559 --> 00:11:53,200 Speaker 1: did that insurance policy do? And restored our house. And 216 00:11:53,240 --> 00:11:55,680 Speaker 1: then once we got there, it was like, okay, let's 217 00:11:55,760 --> 00:11:59,440 Speaker 1: now negotiate a fair collective party agreement. But that's the 218 00:11:59,640 --> 00:12:02,680 Speaker 1: you know, that was that was a landscape in twenty eleven, 219 00:12:02,880 --> 00:12:07,080 Speaker 1: and I mean it was tough, but man, we had 220 00:12:07,120 --> 00:12:10,439 Speaker 1: great leaders and great leadership got us through. 221 00:12:10,600 --> 00:12:13,760 Speaker 3: Well, how do you feel, because it's like billionaires are 222 00:12:13,760 --> 00:12:16,000 Speaker 3: always going to have more leverage than millionaires, right So, 223 00:12:16,120 --> 00:12:19,160 Speaker 3: like you said, it's like the longer you drag somebody 224 00:12:19,160 --> 00:12:20,720 Speaker 3: out in the water, eventually you're gonna drown. 225 00:12:20,920 --> 00:12:21,120 Speaker 1: Yep. 226 00:12:21,480 --> 00:12:24,480 Speaker 3: So, and we've heard stories about NFL players during that 227 00:12:24,600 --> 00:12:28,040 Speaker 3: time that had to take high entrance loans because they 228 00:12:28,040 --> 00:12:31,600 Speaker 3: will living paycheck to paycheck awful. So how do you 229 00:12:31,679 --> 00:12:35,640 Speaker 3: negotiate with somebody that has tremendously more leverage than you have? 230 00:12:36,520 --> 00:12:41,559 Speaker 1: Just gotta do what you do. You try to level 231 00:12:41,600 --> 00:12:44,240 Speaker 1: the playing field the best way you can. Right So, 232 00:12:44,960 --> 00:12:47,400 Speaker 1: without being you know, too crazy and too dorky, but 233 00:12:47,440 --> 00:12:49,880 Speaker 1: that's who I am. I'm a lawyer. I just apologize. 234 00:12:49,960 --> 00:12:52,680 Speaker 1: But you know, two thousand and eight was right after 235 00:12:52,800 --> 00:12:55,080 Speaker 1: two thousand and nine to twenty eleven was right after 236 00:12:55,120 --> 00:12:58,640 Speaker 1: the two thousand and eight financial collapse. A lot of 237 00:12:58,679 --> 00:13:02,440 Speaker 1: the owners had debts nervous on stadiums that had been 238 00:13:02,480 --> 00:13:05,240 Speaker 1: built over the last five ten years. And I mean, 239 00:13:05,280 --> 00:13:07,280 Speaker 1: if you analyze the market, you realize that they've got 240 00:13:07,320 --> 00:13:10,079 Speaker 1: to make debt payments on that debt. How were they 241 00:13:10,080 --> 00:13:12,280 Speaker 1: going to do that if football was shut down, Well, 242 00:13:12,320 --> 00:13:16,520 Speaker 1: they did it by making the TV networks pay them 243 00:13:16,640 --> 00:13:20,160 Speaker 1: four billion dollars even if the games weren't played. Legal 244 00:13:20,200 --> 00:13:24,040 Speaker 1: strategy is we're beneficiaries of those contracts. So we argue 245 00:13:24,080 --> 00:13:27,400 Speaker 1: to a judge that if the league did that, that 246 00:13:27,520 --> 00:13:30,480 Speaker 1: means that the league was using the TV contracts against us, 247 00:13:31,040 --> 00:13:34,760 Speaker 1: and the judge agreed, so that took their four billion dollars. 248 00:13:35,360 --> 00:13:38,000 Speaker 1: Put it over here. We decided that we were going 249 00:13:38,040 --> 00:13:40,320 Speaker 1: to do a secret insurance policy that gave our players 250 00:13:40,360 --> 00:13:42,920 Speaker 1: eight hundred and fifty million dollars. So that put money over. 251 00:13:42,920 --> 00:13:44,920 Speaker 5: What's the secret insurance policy? Can talk about that? 252 00:13:45,200 --> 00:13:48,800 Speaker 6: Yeah, So again, you know, I was a lawyer that 253 00:13:48,840 --> 00:13:50,720 Speaker 6: did a lot of lawsuits and a lot of litigation, 254 00:13:50,880 --> 00:13:53,920 Speaker 6: used to sue a lot of insurance companies back in 255 00:13:53,960 --> 00:13:55,240 Speaker 6: the day, which was a blast. 256 00:13:56,840 --> 00:14:01,160 Speaker 1: Took a blast. No one had ever, no one had 257 00:14:01,160 --> 00:14:06,719 Speaker 1: ever developed an insurance policy to protect players if management 258 00:14:06,840 --> 00:14:12,319 Speaker 1: locked you out. So we went into the market really 259 00:14:12,320 --> 00:14:15,480 Speaker 1: complicated and we placed an insurance probably see where an 260 00:14:15,520 --> 00:14:18,720 Speaker 1: insurance company said, if the owners keep you locked out 261 00:14:18,840 --> 00:14:22,120 Speaker 1: for the entire year, we will pay the NFL players 262 00:14:22,160 --> 00:14:24,880 Speaker 1: eight hundred and fifty million dollars. Now, that sounds like 263 00:14:24,920 --> 00:14:28,000 Speaker 1: a lot of money, but our probably our player cost 264 00:14:28,080 --> 00:14:30,200 Speaker 1: at the time was somewhere around three and a half 265 00:14:30,200 --> 00:14:33,040 Speaker 1: to four billion dollars. So eight hundred and fifty million 266 00:14:33,080 --> 00:14:36,440 Speaker 1: dollars is not going to replace right, the four billion dollars. 267 00:14:36,480 --> 00:14:39,880 Speaker 1: That's not the idea. The idea is the owners probably 268 00:14:39,920 --> 00:14:44,280 Speaker 1: thought that the players could only go three weeks, four weeks, 269 00:14:44,320 --> 00:14:48,480 Speaker 1: five weeks without a pitcheck. The insurance company meant the 270 00:14:48,560 --> 00:14:52,440 Speaker 1: insurance company policy meant that we could go sixteen weeks. 271 00:14:53,280 --> 00:14:57,920 Speaker 1: So while they were probably telling their their banks that 272 00:14:58,040 --> 00:15:00,160 Speaker 1: we will have your money on our debt service in 273 00:15:00,200 --> 00:15:02,080 Speaker 1: five weeks and we'll have the money to pay off 274 00:15:02,120 --> 00:15:05,320 Speaker 1: our debts in six weeks, once we told them that 275 00:15:05,360 --> 00:15:08,480 Speaker 1: the players could go a full year. Now what happens. 276 00:15:09,000 --> 00:15:12,480 Speaker 1: Now the banks are saying, wait a minute, we're not 277 00:15:12,520 --> 00:15:15,720 Speaker 1: gonna get our money. It's five weeks. Well, where does 278 00:15:15,720 --> 00:15:18,160 Speaker 1: that move? The incentive now puts a lot of incentive 279 00:15:18,160 --> 00:15:20,520 Speaker 1: on the owners to get a fair deal done. So 280 00:15:21,240 --> 00:15:23,200 Speaker 1: you know, it's it's always going to be a metric 281 00:15:23,320 --> 00:15:29,760 Speaker 1: where management has more money and management can outlast you. 282 00:15:30,440 --> 00:15:33,680 Speaker 1: But what we've seen in the country lately and primarily 283 00:15:33,720 --> 00:15:38,880 Speaker 1: it's been through labor unions that are primarily women. What 284 00:15:38,960 --> 00:15:41,680 Speaker 1: have you seen in the last three years nurses going 285 00:15:41,720 --> 00:15:44,480 Speaker 1: on straight right and just saying we're going to shut 286 00:15:44,520 --> 00:15:47,680 Speaker 1: down all the hospitals. You see teachers going on straight 287 00:15:49,280 --> 00:15:51,240 Speaker 1: And what I try to tell our guys is, man, 288 00:15:51,280 --> 00:15:54,960 Speaker 1: think about it. I mean, our minimum salary right now 289 00:15:55,120 --> 00:16:01,440 Speaker 1: is eight hundred thousand dollars give or take. Think about 290 00:16:01,480 --> 00:16:06,600 Speaker 1: the teachers and the nurses, and you know, I'm going 291 00:16:06,640 --> 00:16:09,880 Speaker 1: to go to a labor rally tomorrow for Starbucks workers. 292 00:16:10,360 --> 00:16:13,200 Speaker 1: Most people aren't making eight hundred thousand dollars. They're living 293 00:16:13,240 --> 00:16:16,720 Speaker 1: paycheck to paycheck. So when they decide to go on strike, 294 00:16:16,800 --> 00:16:22,080 Speaker 1: they are literally risking everything. And one of the messages 295 00:16:22,200 --> 00:16:25,000 Speaker 1: I think for every labor leader, including myself, is when 296 00:16:25,040 --> 00:16:28,120 Speaker 1: I took to our guys, the fact that our starting 297 00:16:28,200 --> 00:16:33,680 Speaker 1: salaries are so large should mean that you should live 298 00:16:33,760 --> 00:16:38,000 Speaker 1: within your means right and if you live within your means, 299 00:16:38,560 --> 00:16:41,400 Speaker 1: you should be able to go on strike because you 300 00:16:41,480 --> 00:16:44,840 Speaker 1: shouldn't be in a world where you're living paycheck to paycheck. 301 00:16:45,440 --> 00:16:47,160 Speaker 1: And by the way, if we went on strike for 302 00:16:47,200 --> 00:16:54,280 Speaker 1: a year, we'd own the NFL own it. But every 303 00:16:54,280 --> 00:16:56,360 Speaker 1: player has to make that decision. Okay, I get it, 304 00:16:56,440 --> 00:16:58,800 Speaker 1: D But you're telling me that I'm only going to 305 00:16:58,840 --> 00:17:00,920 Speaker 1: play an average of three and a hal half years, 306 00:17:01,040 --> 00:17:04,240 Speaker 1: and you're asking me to give one third of my 307 00:17:04,400 --> 00:17:08,920 Speaker 1: earning capacity for a CBA or a collective Bartney agreement 308 00:17:08,960 --> 00:17:12,320 Speaker 1: that's likely going to benefit people after me, after me, 309 00:17:13,000 --> 00:17:15,600 Speaker 1: and and and I'm not going to benefit from it, 310 00:17:15,920 --> 00:17:18,040 Speaker 1: and somebody else who's younger than me is going to 311 00:17:18,119 --> 00:17:21,320 Speaker 1: benefit it from it more than me. And I simply 312 00:17:21,320 --> 00:17:22,360 Speaker 1: turn to them and say. 313 00:17:22,520 --> 00:17:24,520 Speaker 5: Yeah, you're right, you're absolutely right. 314 00:17:27,160 --> 00:17:34,119 Speaker 1: So these guys are smarter than I thought. 315 00:17:34,200 --> 00:17:36,000 Speaker 4: So what happens in a situation like that when there's 316 00:17:36,000 --> 00:17:39,080 Speaker 4: a decision that has to be made. For a hypothetical example, 317 00:17:39,600 --> 00:17:42,160 Speaker 4: NFL wants to go to seventeen games, yep, usually it's 318 00:17:42,160 --> 00:17:44,600 Speaker 4: a sixteen game season. The owners obviously want to do 319 00:17:44,600 --> 00:17:46,320 Speaker 4: it because it makes sense to more games, they make 320 00:17:46,359 --> 00:17:49,119 Speaker 4: more money, people in stance concessions all that. Players have 321 00:17:49,160 --> 00:17:50,720 Speaker 4: to look at it from a health standpoint, like, you know, 322 00:17:50,720 --> 00:17:53,879 Speaker 4: we're risking our bodies for another week right now, and 323 00:17:53,920 --> 00:17:56,399 Speaker 4: a financial stamp and a financial stamp right right, So 324 00:17:56,480 --> 00:17:59,600 Speaker 4: now does that go to the teams and is it 325 00:17:59,640 --> 00:18:01,679 Speaker 4: like that a fifty percent vote or is there like, 326 00:18:02,320 --> 00:18:02,920 Speaker 4: how does that work? 327 00:18:02,960 --> 00:18:05,720 Speaker 1: Well, this time it went to all of player, all 328 00:18:05,720 --> 00:18:09,480 Speaker 1: of player membership. Okay, so you know back in twenty 329 00:18:09,480 --> 00:18:12,280 Speaker 1: eleven again, you know, I hate to be a dorky lawyer, 330 00:18:12,280 --> 00:18:14,879 Speaker 1: but you know, up to you guys are a little young, 331 00:18:15,359 --> 00:18:18,480 Speaker 1: you remember, but there was actually a time when there 332 00:18:18,480 --> 00:18:19,840 Speaker 1: were twelve games in the NFL. 333 00:18:20,480 --> 00:18:20,800 Speaker 5: Twelve. 334 00:18:21,480 --> 00:18:23,359 Speaker 1: I I don't yeah, I don't think I've ever been 335 00:18:23,359 --> 00:18:25,119 Speaker 1: a part of it. I'll tell you right now. You 336 00:18:25,200 --> 00:18:33,159 Speaker 1: weren't what seventies just pumped the brakes, right, I mean, like, 337 00:18:33,160 --> 00:18:35,359 Speaker 1: why do you go right for the seventies Like, okay, 338 00:18:35,400 --> 00:18:38,040 Speaker 1: he wasn't there. Yes, I was there in the seventies. Yeah, 339 00:18:38,080 --> 00:18:40,200 Speaker 1: let's just let's just step on it a little bit. 340 00:18:40,400 --> 00:18:40,640 Speaker 7: Yeah. 341 00:18:40,760 --> 00:18:44,400 Speaker 1: So we went from twelve games to fourteen games, then 342 00:18:44,480 --> 00:18:48,040 Speaker 1: to sixteen games, and that was an art between the 343 00:18:48,200 --> 00:18:51,359 Speaker 1: I'm sorry late seventies all the way through the nineties. 344 00:18:52,440 --> 00:18:55,639 Speaker 1: The league had the unilateral right to go up to 345 00:18:55,720 --> 00:18:59,760 Speaker 1: twenty games. So think about it. Historically, we went from 346 00:18:59,800 --> 00:19:04,160 Speaker 1: two games to fourteen games, never changed the player's share 347 00:19:04,160 --> 00:19:07,000 Speaker 1: of revenue. We went from fourteen games to sixteen games, 348 00:19:07,160 --> 00:19:12,399 Speaker 1: more work, same share of revenue. Players never got paid 349 00:19:12,680 --> 00:19:16,800 Speaker 1: technically more when we increased those games. So when I 350 00:19:16,840 --> 00:19:20,000 Speaker 1: got here in twenty and nine and we were negotiating 351 00:19:20,000 --> 00:19:21,920 Speaker 1: the deal in twenty eleven, I mean, look, the first 352 00:19:21,920 --> 00:19:25,320 Speaker 1: thing that I'm looking at from an economic standpoint is 353 00:19:25,760 --> 00:19:29,480 Speaker 1: if I can increase your work and not increase your pay, 354 00:19:30,080 --> 00:19:34,840 Speaker 1: that's a problem. It's a big problem. So we changed 355 00:19:34,880 --> 00:19:38,440 Speaker 1: it in twenty eleven where the league could only increase 356 00:19:38,760 --> 00:19:42,359 Speaker 1: the games if the players agreed to it. So fast 357 00:19:42,400 --> 00:19:45,960 Speaker 1: forward to twenty eleven, twenty twenty, we're doing the deal. 358 00:19:46,040 --> 00:19:50,840 Speaker 1: The players negotiated a deal where every player making minimum 359 00:19:50,920 --> 00:19:54,160 Speaker 1: got a twenty percent raise. Former players pensions went up, 360 00:19:54,320 --> 00:19:56,760 Speaker 1: all the benefits went up, the package went up. We 361 00:19:57,359 --> 00:20:02,720 Speaker 1: gained a larger share of of our revenue, so put 362 00:20:02,760 --> 00:20:10,399 Speaker 1: it in perspectives. The league bought seventeenth game in twenty 363 00:20:10,440 --> 00:20:15,280 Speaker 1: twenty for approximately one point five to one point six 364 00:20:15,359 --> 00:20:19,119 Speaker 1: billion dollars that they had for free in twenty eleven. 365 00:20:22,440 --> 00:20:24,680 Speaker 2: This episode is brought to you by P and C Bank. 366 00:20:25,040 --> 00:20:27,800 Speaker 2: A lot of people think podcasts about work are boring, 367 00:20:28,040 --> 00:20:31,879 Speaker 2: and sure they definitely can be, but understanding a professionals 368 00:20:31,960 --> 00:20:35,200 Speaker 2: routine shows us how they achieve their success little by little, 369 00:20:35,600 --> 00:20:39,240 Speaker 2: day after day. 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Yo, if you thought 396 00:22:14,640 --> 00:22:19,119 Speaker 2: the mccrispy was busting all up, Bacon and Ranch have 397 00:22:19,440 --> 00:22:23,680 Speaker 2: entered the chat, say hello to the vacant ranch mccrispy. 398 00:22:23,920 --> 00:22:25,600 Speaker 2: By by by by five, I. 399 00:22:25,560 --> 00:22:29,240 Speaker 3: Participated in McDonald's look at the time only and how 400 00:22:29,240 --> 00:22:31,960 Speaker 3: does this voting process take place? Every single player votes 401 00:22:32,000 --> 00:22:35,320 Speaker 3: and then it's the majority wins. So they get ballots 402 00:22:35,320 --> 00:22:36,080 Speaker 3: and they have to. 403 00:22:36,240 --> 00:22:39,080 Speaker 1: Yeah, yeah, this this one. And look, I understand that 404 00:22:39,200 --> 00:22:42,480 Speaker 1: it was a difficult decision for the players, but you know, 405 00:22:42,560 --> 00:22:43,920 Speaker 1: my job is Andy. By the way, I don't get 406 00:22:43,920 --> 00:22:47,159 Speaker 1: a vote. You know, the players want to X, Y 407 00:22:47,160 --> 00:22:51,040 Speaker 1: and Z and including increases. The league conditioned all of 408 00:22:51,080 --> 00:22:55,000 Speaker 1: those increases on a game, on an extra game, and 409 00:22:55,040 --> 00:22:57,800 Speaker 1: then you know, for me, my job is to get 410 00:22:57,800 --> 00:23:01,440 Speaker 1: the best deal on the table. But I remind our players, look, 411 00:23:01,480 --> 00:23:06,080 Speaker 1: I don't play, so you vote, vote, and yeah, it 412 00:23:06,160 --> 00:23:08,560 Speaker 1: was split and most of the players were on one 413 00:23:08,600 --> 00:23:10,960 Speaker 1: side and it was closed. I think it was sixty 414 00:23:11,000 --> 00:23:15,919 Speaker 1: two votes out of nearly fifteen hundred votes cast. But 415 00:23:15,960 --> 00:23:19,639 Speaker 1: that's democracy. And so you know, look, I mean, are 416 00:23:19,720 --> 00:23:23,520 Speaker 1: we benefiting from it. Yes, we have the largest salary 417 00:23:23,520 --> 00:23:28,800 Speaker 1: cap jump in the history of the sport. We got 418 00:23:28,800 --> 00:23:32,760 Speaker 1: through COVID. We're going through a recession. We were on 419 00:23:32,800 --> 00:23:35,480 Speaker 1: the eve of the biggest game of the year, and 420 00:23:35,520 --> 00:23:37,760 Speaker 1: I mean think about it. I mean, every year we 421 00:23:37,840 --> 00:23:41,879 Speaker 1: are eighty five of the top one hundred shows on television. 422 00:23:42,560 --> 00:23:45,760 Speaker 1: And that's regardless of a recession. That's regardless of COVID. 423 00:23:46,160 --> 00:23:48,919 Speaker 1: I love the fact that, you know, the NFL players 424 00:23:48,920 --> 00:23:52,399 Speaker 1: are the highest paid players in the country by sport. 425 00:23:52,520 --> 00:23:55,320 Speaker 1: I love the fact that we've got a pension and 426 00:23:55,359 --> 00:23:58,600 Speaker 1: benefits you know package that is, you know, on top 427 00:23:58,600 --> 00:24:01,480 Speaker 1: of the caps some fifty sixty million dollars a year. 428 00:24:03,040 --> 00:24:06,760 Speaker 1: But that comes with a decision from leadership and my 429 00:24:06,920 --> 00:24:09,960 Speaker 1: job and I refuse to do anything that takes the 430 00:24:10,040 --> 00:24:12,879 Speaker 1: leadership weight off of our guys. 431 00:24:14,160 --> 00:24:16,840 Speaker 3: Make a decision when you say the highest paid by sport, 432 00:24:17,080 --> 00:24:19,400 Speaker 3: because from my I thought it was baseball number one, 433 00:24:19,440 --> 00:24:21,960 Speaker 3: basketball number two, and then football number three. 434 00:24:22,040 --> 00:24:25,480 Speaker 1: No it's not. I mean again, I mean I always 435 00:24:25,480 --> 00:24:27,920 Speaker 1: have this conversation with players in a locker room. It's like, well, 436 00:24:27,960 --> 00:24:30,000 Speaker 1: how come we don't get paid as much money as 437 00:24:30,119 --> 00:24:32,399 Speaker 1: basketball players. I'm like, well, hey, that's great. You know 438 00:24:32,400 --> 00:24:35,160 Speaker 1: how many basketball players are in the country, four hundred 439 00:24:35,200 --> 00:24:38,520 Speaker 1: and fifty five hundred. Let's split the math, easy, five hundred. 440 00:24:38,880 --> 00:24:42,000 Speaker 1: You want me to quadrupri or salary. We go from 441 00:24:42,040 --> 00:24:46,000 Speaker 1: eighteen hundred players to five hundred players if we did that, 442 00:24:47,600 --> 00:24:49,919 Speaker 1: So based on the amount of players, okay, right, So. 443 00:24:49,920 --> 00:24:51,360 Speaker 5: So based on the amount of players. 444 00:24:51,560 --> 00:24:53,920 Speaker 1: Yeah, So I look at it as how much money 445 00:24:54,000 --> 00:24:59,000 Speaker 1: is coming in versus how many players are playing. So 446 00:24:59,200 --> 00:25:05,800 Speaker 1: our annual revenue this year will probably exceed eighteen billion 447 00:25:05,840 --> 00:25:10,080 Speaker 1: dollars going to all of our players. Next up is 448 00:25:10,119 --> 00:25:15,240 Speaker 1: going to be you know, basketball, then baseball. Their average 449 00:25:15,680 --> 00:25:20,479 Speaker 1: revenue they're all revenue this year will probably be somewhere 450 00:25:20,480 --> 00:25:24,720 Speaker 1: around twelve billion dollars. But their twelve billion dollars is 451 00:25:24,760 --> 00:25:29,600 Speaker 1: split by four hundred and fifty players. Our eighteen billion 452 00:25:29,920 --> 00:25:34,600 Speaker 1: is split between eighteen hundred players, So you know, I 453 00:25:34,640 --> 00:25:37,400 Speaker 1: can only look at aggregate amounts of money coming in 454 00:25:38,000 --> 00:25:41,480 Speaker 1: if if NFL players want to increase salaries and they 455 00:25:41,480 --> 00:25:43,840 Speaker 1: want to do two days like, you know, two way 456 00:25:43,840 --> 00:25:45,879 Speaker 1: players like I did when I was in high school. 457 00:25:46,520 --> 00:25:49,880 Speaker 1: I was terrible, by the way, for the record, a terrible. Yeah, 458 00:25:50,240 --> 00:25:52,080 Speaker 1: you know, I could figure out the game and that's 459 00:25:52,119 --> 00:25:55,719 Speaker 1: whole getting hit things like but yeah, I mean, think 460 00:25:55,760 --> 00:25:59,320 Speaker 1: about it, if we if we dropped from two thousand 461 00:25:59,359 --> 00:26:04,240 Speaker 1: players to one thousand players, the average salary of the 462 00:26:04,280 --> 00:26:08,840 Speaker 1: players would So you know, I think every now and 463 00:26:08,880 --> 00:26:13,080 Speaker 1: then people see sort of the individual amount that a 464 00:26:13,200 --> 00:26:16,760 Speaker 1: person is playing. But you're looking at a sport where 465 00:26:16,800 --> 00:26:19,919 Speaker 1: you've got two thousand people, you know in one place, 466 00:26:20,000 --> 00:26:22,600 Speaker 1: four hundred and fifty people in another, and I think 467 00:26:22,680 --> 00:26:26,159 Speaker 1: roughly what five hundred maybe five hundred and fifty baseball 468 00:26:26,160 --> 00:26:29,280 Speaker 1: players on the other side, so a much smaller pool 469 00:26:29,320 --> 00:26:29,760 Speaker 1: of people. 470 00:26:30,040 --> 00:26:32,200 Speaker 4: I guess why it feels that way is that when 471 00:26:32,240 --> 00:26:34,879 Speaker 4: we look at sports contracts, and this is maybe something 472 00:26:35,080 --> 00:26:37,000 Speaker 4: I guess you can talk about in collective bargain, is 473 00:26:37,000 --> 00:26:38,920 Speaker 4: that those sports have guarantee. 474 00:26:38,480 --> 00:26:44,280 Speaker 1: You contracts and careful, well careful some of them. Careful, No, no, 475 00:26:44,320 --> 00:26:46,119 Speaker 1: you got to you right. And the reason why I 476 00:26:46,600 --> 00:26:52,320 Speaker 1: like to have this conversation which sport, which sports? CBA 477 00:26:52,440 --> 00:26:58,320 Speaker 1: guarantees contracts NBA. 478 00:26:56,920 --> 00:26:58,919 Speaker 5: I'm not show It sounds like a quick like. 479 00:27:01,000 --> 00:27:04,560 Speaker 1: He was like, let him go first, Yeah, yeah, yeah. 480 00:27:04,680 --> 00:27:10,359 Speaker 1: The answer is no. One nobody's collective bargaining agreement guarantees contracts. 481 00:27:10,359 --> 00:27:12,560 Speaker 1: And again, you know, I'm a I'm a little bit 482 00:27:12,560 --> 00:27:16,199 Speaker 1: of a history nerd. So you know, everybody believes that 483 00:27:16,920 --> 00:27:20,880 Speaker 1: basketball contracts, all of them are are are guaranteed by 484 00:27:20,880 --> 00:27:25,399 Speaker 1: their collective bargaining agreement, or Baseball's contracts are guaranteed by 485 00:27:25,400 --> 00:27:28,800 Speaker 1: collective bartiing agreement. The fact is none of them. So 486 00:27:28,840 --> 00:27:30,720 Speaker 1: about five years ago, I mean, it probably took me 487 00:27:30,720 --> 00:27:34,880 Speaker 1: a year to do the research I wanted to find out. 488 00:27:34,920 --> 00:27:39,160 Speaker 1: We'll wait a minute. If their cbas don't guarantee the contracts, 489 00:27:39,600 --> 00:27:44,600 Speaker 1: why are more NBA contracts guaranteed than NFL contracts. So 490 00:27:44,640 --> 00:27:46,520 Speaker 1: if you go back in history, you take a look, 491 00:27:46,560 --> 00:27:50,440 Speaker 1: there was a two two year story. Again, you're probably 492 00:27:50,480 --> 00:27:52,760 Speaker 1: too young to remember Moses Malone. You know, we know. 493 00:27:56,119 --> 00:27:57,760 Speaker 5: I was born when they never saw him play. Well, 494 00:27:57,840 --> 00:27:59,440 Speaker 5: I remember, I know, I know in. 495 00:27:59,359 --> 00:28:05,880 Speaker 7: All Star Game for sure, when he was eighty two 496 00:28:06,160 --> 00:28:10,280 Speaker 7: for the recording, won, right, he's gonna get a sixty one. 497 00:28:10,720 --> 00:28:12,439 Speaker 1: Yeah. I graduated from high school in the eighty won, 498 00:28:12,640 --> 00:28:18,359 Speaker 1: So yeah, man, it's hilarious. Anyway, I went back in 499 00:28:18,480 --> 00:28:20,800 Speaker 1: history to take a look at that. So Moses Malone 500 00:28:21,680 --> 00:28:26,520 Speaker 1: when he renegotiated his contract, he broke the back and 501 00:28:26,600 --> 00:28:30,960 Speaker 1: he had the largest contract in NBA history. The next year, 502 00:28:31,240 --> 00:28:35,480 Speaker 1: Larry Bird comes up to renegotiate to his contract. Larry 503 00:28:35,480 --> 00:28:38,880 Speaker 1: Bird says, I want more money than Moses Maloney. Celtics, 504 00:28:38,880 --> 00:28:44,320 Speaker 1: go no. Larry Bird says, okay, I looked at Moses 505 00:28:44,360 --> 00:28:46,680 Speaker 1: Malone's contract and I noticed that he had a base 506 00:28:46,720 --> 00:28:49,760 Speaker 1: salary of X. He got a bonus if he got wide, 507 00:28:49,960 --> 00:28:52,120 Speaker 1: if he became MVP, he got a bonus if they 508 00:28:52,160 --> 00:28:55,640 Speaker 1: won the World Championship. He got a bonus if he 509 00:28:55,720 --> 00:29:01,000 Speaker 1: sold a certain amount of apparel. Larry Bird's ate, Bob Wolf, 510 00:29:01,200 --> 00:29:04,520 Speaker 1: came back and said, we want the same money as 511 00:29:04,560 --> 00:29:09,480 Speaker 1: Moses Malone, but we don't want any incentives tied to it. 512 00:29:09,560 --> 00:29:13,760 Speaker 1: So Larry Bird's contract in basketball became the first contract 513 00:29:13,880 --> 00:29:19,640 Speaker 1: where it was fully guaranteed. No one sends no nothing. 514 00:29:20,320 --> 00:29:26,400 Speaker 1: And so from that point forward, every major free agent 515 00:29:27,080 --> 00:29:31,080 Speaker 1: had their contract structured like Larry Bird's contract. That's how 516 00:29:31,080 --> 00:29:35,280 Speaker 1: they got guaranteed contracts in basketball, not by their CBA, 517 00:29:35,640 --> 00:29:39,480 Speaker 1: but by custom. So you fast forward to the NFL, 518 00:29:40,040 --> 00:29:44,680 Speaker 1: Kirk Cousins gets franchised twice. Those are fully guaranteed contracts 519 00:29:44,800 --> 00:29:47,720 Speaker 1: by the CBA that we wrote. Then what does he do. 520 00:29:47,920 --> 00:29:51,240 Speaker 1: He goes into the market and he says, my last 521 00:29:51,280 --> 00:29:54,600 Speaker 1: two contracts were fully guaranteed. I'm going to go into 522 00:29:54,680 --> 00:29:59,160 Speaker 1: the market and I want a fully guaranteed contract. 523 00:29:59,160 --> 00:30:02,440 Speaker 4: And he got franchise tag twice the context and you 524 00:30:02,480 --> 00:30:05,440 Speaker 4: can't franchise attack somebody three times, correct, And so he 525 00:30:05,520 --> 00:30:07,040 Speaker 4: had to get he had to go to. 526 00:30:07,040 --> 00:30:08,080 Speaker 1: The free, free free market. 527 00:30:08,160 --> 00:30:11,640 Speaker 4: But even in that franchise, he had to make the 528 00:30:11,760 --> 00:30:14,080 Speaker 4: average of the top five quarterbacks. 529 00:30:13,720 --> 00:30:16,000 Speaker 1: Average the top five the first time average of the 530 00:30:16,000 --> 00:30:20,240 Speaker 1: top three, the second time plus one. So then he 531 00:30:20,280 --> 00:30:22,560 Speaker 1: goes into the free market, but there's nothing in the 532 00:30:22,560 --> 00:30:24,959 Speaker 1: free market by the CBA that says that his contract 533 00:30:25,000 --> 00:30:27,720 Speaker 1: has to be fully guaranteed. Right, he went into the 534 00:30:27,760 --> 00:30:31,400 Speaker 1: market demanding a fully guaranteed contract because he had the leffage. 535 00:30:32,360 --> 00:30:36,440 Speaker 1: But here's what happens after he does his contract? How 536 00:30:36,440 --> 00:30:42,920 Speaker 1: many quarterbacks do contracts after Kirk Customs pruss? You got 537 00:30:43,920 --> 00:30:46,640 Speaker 1: Tom Brady, you got Drew Brees, you got Peyton Manny Patrick, 538 00:30:47,440 --> 00:30:54,000 Speaker 1: all of them. Did they get their contracts fully guaranteed? No? No, 539 00:30:54,760 --> 00:31:02,800 Speaker 1: So what happened in basketball didn't happen? And why I don't. 540 00:31:04,080 --> 00:31:05,120 Speaker 5: That the agent's fault. 541 00:31:05,560 --> 00:31:12,719 Speaker 1: I don't because I don't get to contracts, right. So, 542 00:31:12,960 --> 00:31:17,440 Speaker 1: but so when I teach on guaranteed contracts, I teach 543 00:31:17,560 --> 00:31:22,479 Speaker 1: the Moses Malone to Larry Bird to free agent movement 544 00:31:22,560 --> 00:31:25,880 Speaker 1: of guaranteed contracts. Then you come back and you teach 545 00:31:25,960 --> 00:31:30,920 Speaker 1: the fully guaranteed franchise tag under Kirk Cousins goes to 546 00:31:31,000 --> 00:31:35,840 Speaker 1: the free market fully guaranteed contracts, then it doesn't happen. 547 00:31:35,880 --> 00:31:38,200 Speaker 4: So you're giving them the education, and what they choose 548 00:31:38,200 --> 00:31:39,560 Speaker 4: to do with the education. 549 00:31:39,480 --> 00:31:43,479 Speaker 1: I can't contra and then you fast forward for for 550 00:31:43,600 --> 00:31:46,680 Speaker 1: whatever you know, for whatever people want to think. I 551 00:31:46,800 --> 00:31:51,280 Speaker 1: don't care what most people think. But Deshaun Watson negotiates 552 00:31:51,280 --> 00:31:59,280 Speaker 1: a fully fully guaranteed What quarterbacks do contracts after Deshaun Watson, 553 00:32:00,760 --> 00:32:04,000 Speaker 1: it doesn't really matter. Yeah, are they fully guaranteed? No? 554 00:32:06,240 --> 00:32:09,760 Speaker 1: So once again the cycle happens. What should have happened 555 00:32:09,760 --> 00:32:13,600 Speaker 1: in the market was what should have happened with Larry Bird, 556 00:32:13,640 --> 00:32:16,520 Speaker 1: but it doesn't happen in football. So now we're on 557 00:32:16,520 --> 00:32:20,240 Speaker 1: the cusp of what I consider to be one of 558 00:32:20,280 --> 00:32:24,680 Speaker 1: the most dynamic quarterbacks in NFL history, is coming up 559 00:32:24,720 --> 00:32:28,080 Speaker 1: on the end of his rookie deal and he's about 560 00:32:28,120 --> 00:32:30,720 Speaker 1: to hit the free market. And one of two things 561 00:32:30,760 --> 00:32:34,600 Speaker 1: will happen. If the owner decides we don't want you 562 00:32:34,640 --> 00:32:37,440 Speaker 1: to go to the free market, Lamar Jackson will be franchised. 563 00:32:38,200 --> 00:32:40,800 Speaker 1: You'll get the average of the top five quarterbacks and 564 00:32:40,840 --> 00:32:41,960 Speaker 1: that's fully guaranteed. 565 00:32:42,120 --> 00:32:42,400 Speaker 5: Great. 566 00:32:42,720 --> 00:32:44,880 Speaker 1: If he gets franchised a second time, he gets the 567 00:32:44,920 --> 00:32:49,800 Speaker 1: average of the top three plus one hundred and twenty percent. Great. 568 00:32:49,200 --> 00:32:54,600 Speaker 1: But if he wants to do a free market contract, 569 00:32:56,320 --> 00:32:58,840 Speaker 1: wouldn't it be in his best interest to get the 570 00:32:58,880 --> 00:33:04,160 Speaker 1: same type of track that Deshaun Watson got, Kirk Cousins got, 571 00:33:04,480 --> 00:33:05,600 Speaker 1: and Larry Bird got. 572 00:33:06,160 --> 00:33:08,960 Speaker 5: Before we leave, how do you feel about the kamin 573 00:33:09,440 --> 00:33:11,480 Speaker 5: you spoke about it. I want to elaborate about that 574 00:33:11,600 --> 00:33:12,000 Speaker 5: loot bit. 575 00:33:12,160 --> 00:33:15,200 Speaker 1: Yeah, I mean, and look, I'm I'm you know, as 576 00:33:15,240 --> 00:33:17,680 Speaker 1: we talked about, I'm not a football guy, and frankly, 577 00:33:17,680 --> 00:33:21,440 Speaker 1: I don't think I'm supposed to be ideal in contracts 578 00:33:21,480 --> 00:33:26,200 Speaker 1: and scintillating things like regression analysis and looking at data 579 00:33:26,320 --> 00:33:29,480 Speaker 1: and trends and TV contracts and all of these things. 580 00:33:29,520 --> 00:33:31,200 Speaker 1: So I don't look at this, and I don't think 581 00:33:31,200 --> 00:33:34,760 Speaker 1: any labor leader should look at a job like this 582 00:33:35,080 --> 00:33:38,520 Speaker 1: as how do we preserve the game. I represent a 583 00:33:38,520 --> 00:33:41,560 Speaker 1: group of workers who have really short careers, and I 584 00:33:41,600 --> 00:33:44,320 Speaker 1: want to maximize their returnal football. I want them to 585 00:33:44,320 --> 00:33:46,400 Speaker 1: get more out of football than football gets out of them. 586 00:33:46,760 --> 00:33:49,200 Speaker 1: So when I look at the combine, instead of thinking 587 00:33:49,200 --> 00:33:52,040 Speaker 1: about it like football, I think about it like work. Okay, 588 00:33:52,120 --> 00:33:54,800 Speaker 1: I went to a top ten law school. I mean 589 00:33:54,840 --> 00:33:58,600 Speaker 1: I did. Okay, I can't imagine a world where all 590 00:33:58,640 --> 00:34:01,120 Speaker 1: of my fellow students from all of the other top 591 00:34:01,200 --> 00:34:05,520 Speaker 1: ten law schools do extremely well. In law school, we're 592 00:34:05,640 --> 00:34:08,680 Speaker 1: rated some of the best potential lawyers in the country. 593 00:34:09,480 --> 00:34:12,920 Speaker 1: We take the bar, and we pass the bar, and 594 00:34:12,960 --> 00:34:16,239 Speaker 1: the bar says ud and all of the hundreds of 595 00:34:16,239 --> 00:34:19,879 Speaker 1: other law school students are poised to be the best 596 00:34:19,920 --> 00:34:23,600 Speaker 1: lawyers in the world. But instead of you picking your 597 00:34:23,680 --> 00:34:26,759 Speaker 1: law firm, here's what we're gonna do the bar is 598 00:34:26,840 --> 00:34:30,120 Speaker 1: decided that instead of you picking your law firm, all 599 00:34:30,160 --> 00:34:33,640 Speaker 1: of you are gonna go to a certain city and 600 00:34:33,760 --> 00:34:35,400 Speaker 1: instead of I know we passed the bar, and I 601 00:34:35,440 --> 00:34:37,439 Speaker 1: know you've already graduated from law school and on ice great, 602 00:34:37,600 --> 00:34:39,839 Speaker 1: but here's what we're gonna do. For three days. We're 603 00:34:39,840 --> 00:34:42,440 Speaker 1: gonna give you a bunch of law quizzes and all 604 00:34:42,440 --> 00:34:43,920 Speaker 1: of you are going to take a bunch of quizzes, 605 00:34:43,920 --> 00:34:45,320 Speaker 1: and we're gonna see how well you do on the 606 00:34:45,400 --> 00:34:48,960 Speaker 1: law quiz. Oh and by the way, because everybody who 607 00:34:48,960 --> 00:34:52,719 Speaker 1: comes to our law firm has healthcare, we're going to 608 00:34:52,800 --> 00:34:56,000 Speaker 1: put you through medical testing to see if you are 609 00:34:56,000 --> 00:35:02,680 Speaker 1: genetically predisposed for liver disease or cancer, or if you're 610 00:35:02,680 --> 00:35:05,479 Speaker 1: a woman, you might want to take maternity leave one day, 611 00:35:06,000 --> 00:35:08,440 Speaker 1: and we're going to factor all that in because that 612 00:35:08,480 --> 00:35:14,360 Speaker 1: impacts our healthcare cost. And after that we will decide 613 00:35:14,840 --> 00:35:18,400 Speaker 1: whether you can become a lawyer. If that happened in 614 00:35:18,800 --> 00:35:24,560 Speaker 1: law or journalism or doctors or anywhere else, people would go, 615 00:35:25,120 --> 00:35:30,920 Speaker 1: have you lost your mind? What are we doing? You 616 00:35:30,960 --> 00:35:35,040 Speaker 1: should just take me as a potential employee based on 617 00:35:35,120 --> 00:35:40,000 Speaker 1: how well I did in school. Have I passed the test. 618 00:35:40,080 --> 00:35:44,719 Speaker 1: Can I do the work? Yes, the combine is the 619 00:35:44,719 --> 00:35:48,000 Speaker 1: only place I know of where we now know, especially 620 00:35:48,040 --> 00:35:50,280 Speaker 1: you guys who are younger than me. Thanks for pointing 621 00:35:50,280 --> 00:35:54,640 Speaker 1: it out. You've seen. If I asked you right now 622 00:35:56,280 --> 00:36:00,640 Speaker 1: to look at the top five perspective draft picks, and 623 00:36:00,680 --> 00:36:02,839 Speaker 1: I said, hey, man, can you pull up on your 624 00:36:02,880 --> 00:36:06,320 Speaker 1: phone how fast they run, how high they can jump, 625 00:36:06,960 --> 00:36:10,840 Speaker 1: and give me a rundown of their physical skills for football? 626 00:36:11,120 --> 00:36:13,080 Speaker 1: You could pull all that up on your phone right 627 00:36:13,120 --> 00:36:19,080 Speaker 1: now and you probably would have what twenty NFL junior videos, 628 00:36:19,160 --> 00:36:21,640 Speaker 1: everything from the guy running from the time he was 629 00:36:21,640 --> 00:36:24,719 Speaker 1: in junior high school until college. You've got it. So 630 00:36:24,760 --> 00:36:27,239 Speaker 1: here's what I know. Do we know how fast these 631 00:36:27,239 --> 00:36:30,480 Speaker 1: guys could run? Yes, oh great, We know how high 632 00:36:30,520 --> 00:36:33,000 Speaker 1: they can jump, We know how much they can lift. 633 00:36:33,239 --> 00:36:36,480 Speaker 1: If if scouts want to know exactly how that happens 634 00:36:36,480 --> 00:36:38,279 Speaker 1: and they want another second check, what do they do? 635 00:36:38,320 --> 00:36:42,600 Speaker 1: They can go to the schools and do pro days. Right. Yet, 636 00:36:42,840 --> 00:36:46,520 Speaker 1: we set up this invitation only come by where you 637 00:36:46,600 --> 00:36:49,359 Speaker 1: have to be invited, and then when you show up 638 00:36:49,440 --> 00:36:52,879 Speaker 1: you have to sign a medical waiver and they put 639 00:36:52,920 --> 00:36:56,160 Speaker 1: you through the MRI machine. You get interviewed by thirty 640 00:36:56,160 --> 00:37:02,279 Speaker 1: two team doctors, thirty two set right doctors. Then a 641 00:37:02,360 --> 00:37:04,880 Speaker 1: GM sits down with you and says, I want to 642 00:37:04,920 --> 00:37:07,880 Speaker 1: talk to you about your childhood. What does your mother do, 643 00:37:08,640 --> 00:37:11,120 Speaker 1: what does your father do? Did you grow up in 644 00:37:11,160 --> 00:37:15,000 Speaker 1: a violent culture? How were you in high school? What 645 00:37:15,080 --> 00:37:17,759 Speaker 1: kind of friends did you do to hang around? All 646 00:37:17,800 --> 00:37:21,680 Speaker 1: I'm saying is why would we accept a system like 647 00:37:21,760 --> 00:37:25,080 Speaker 1: that in football? And we would never accept a system 648 00:37:25,160 --> 00:37:28,160 Speaker 1: like that outside of football. And so when I talk 649 00:37:28,200 --> 00:37:31,080 Speaker 1: about the combine, I look at it as not a 650 00:37:31,120 --> 00:37:34,960 Speaker 1: football thing, it's a worker thing. And is there a 651 00:37:35,000 --> 00:37:39,200 Speaker 1: way of conducting an interview that doesn't infringe on your 652 00:37:39,280 --> 00:37:42,560 Speaker 1: privacy and your medical history? Because let's not get it 653 00:37:42,560 --> 00:37:46,000 Speaker 1: twisted for a second. Why are you being evaluated by 654 00:37:46,040 --> 00:37:49,160 Speaker 1: a doctor? Why are you being put through an MRI? 655 00:37:50,239 --> 00:37:53,960 Speaker 1: Right before you signed your first NFL contract? You have 656 00:37:54,040 --> 00:37:58,040 Speaker 1: to have a physical. The physical is designed so that 657 00:37:58,120 --> 00:38:01,440 Speaker 1: the doctor knows that you were physically capable of doing 658 00:38:01,480 --> 00:38:05,480 Speaker 1: the work. If that happens at the end, what is 659 00:38:05,520 --> 00:38:11,439 Speaker 1: this medical evaluation at the beginning, It's to decrease your 660 00:38:11,560 --> 00:38:16,920 Speaker 1: draft stock. Right. I got Tiama linebackers. Both of you 661 00:38:17,000 --> 00:38:21,080 Speaker 1: are six three two forty. Both of you run a 662 00:38:21,280 --> 00:38:26,359 Speaker 1: four four forty. Both of you can bench big time. Wait, 663 00:38:26,880 --> 00:38:29,120 Speaker 1: you can do your squats, both of you have a 664 00:38:29,239 --> 00:38:32,239 Speaker 1: vertical lift of blah blah blah. How do I draw 665 00:38:32,360 --> 00:38:35,960 Speaker 1: the difference between whether I'm going to pick you or 666 00:38:36,160 --> 00:38:40,640 Speaker 1: you? You want to know, man, does that guy have a 667 00:38:40,840 --> 00:38:44,160 Speaker 1: sign of a knee injury from high school? Does his 668 00:38:44,200 --> 00:38:48,520 Speaker 1: shoulder have any sort of degenerative tissue? What's on his 669 00:38:48,760 --> 00:38:52,399 Speaker 1: X ray? What's on his MRI? Well, they both run 670 00:38:52,440 --> 00:38:54,759 Speaker 1: the same thing, but which one is more likely to 671 00:38:54,800 --> 00:38:58,920 Speaker 1: be injured? That is only there for one reason to 672 00:38:59,080 --> 00:39:01,960 Speaker 1: drop you from the third pick of the draft to 673 00:39:02,040 --> 00:39:04,040 Speaker 1: the fifth pick of the draft, from the first round 674 00:39:04,040 --> 00:39:06,080 Speaker 1: of the draft to the third round of the draft. 675 00:39:06,520 --> 00:39:09,719 Speaker 1: And here's my problem with it. The combine and structured 676 00:39:10,320 --> 00:39:14,160 Speaker 1: so that you can't say no. So I asked myself 677 00:39:14,160 --> 00:39:16,800 Speaker 1: a question. Would I want that system for my daughter? 678 00:39:17,719 --> 00:39:19,480 Speaker 1: Would you want that system for your son? 679 00:39:20,280 --> 00:39:20,320 Speaker 2: No? 680 00:39:21,400 --> 00:39:28,399 Speaker 1: And I find it medically, professionally and ethically intrusive. That's 681 00:39:28,440 --> 00:39:31,040 Speaker 1: my thing about And apparently I've made tons of friends 682 00:39:31,040 --> 00:39:34,719 Speaker 1: by so yeah, my picture is on the wall at 683 00:39:34,719 --> 00:39:37,160 Speaker 1: the Indianapolis Airport. Now it was like a big slash, 684 00:39:37,680 --> 00:39:42,440 Speaker 1: so not welcome. Uh no, but that's okay. My job 685 00:39:42,520 --> 00:39:43,560 Speaker 1: is not about making friends. 686 00:39:43,920 --> 00:39:47,160 Speaker 5: Thank you for your time. Yeah very much. I had 687 00:39:47,200 --> 00:39:48,120 Speaker 5: a lot of fun. Thank you. 688 00:39:48,200 --> 00:39:54,760 Speaker 1: Thank you my graduates from my school being forced bag drop. 689 00:39:55,160 --> 00:39:58,879 Speaker 5: Bag drop, Mike Draft, bag drop draft. 690 00:40:09,960 --> 00:40:13,720 Speaker 2: The inspiration from others drives us forward. Their resilience pushes 691 00:40:13,800 --> 00:40:17,400 Speaker 2: us to excel, and their path navigates the way towards freedom. 692 00:40:17,920 --> 00:40:21,640 Speaker 2: Ford is proud to celebrate Black History not just this month, 693 00:40:21,840 --> 00:40:25,120 Speaker 2: but year round. They're committed to being the fuel for change, 694 00:40:25,200 --> 00:40:30,440 Speaker 2: supporting Ford Fund programs centered around economic, educational, and empowerment 695 00:40:30,480 --> 00:40:34,680 Speaker 2: opportunities for our communities to continue creating the future. Learn 696 00:40:34,760 --> 00:40:38,560 Speaker 2: more at fordfund dot org. Built Ford Proud