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Speaker 1: Welcome to Good Game with Sarah Spain, where we're requesting,

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Speaker 1: nay demanding, that Asia Wilson's puppy Tray and Melyssa Smiths

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Speaker 1: dog Mister three attend Friday's championship parade. I mean Trey

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Speaker 1: Mister three for the aces third title parade.

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Speaker 2: How could they miss it?

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Speaker 1: It's Wednesday, October fifteenth, and on today's show will be

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Speaker 1: chatting with professor and author David Barry about the economics

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Speaker 1: of the WNBA and why revenue share is so important

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Speaker 1: to players during the ongoing collective bargaining negotiations. We try

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Speaker 1: to keep it simple so you can understand what they're

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Speaker 1: fighting for and maybe what they're up against. Plus another

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Speaker 1: nwslog hangs them up swimming fast in short pools and

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Speaker 1: vives is forever. It's all coming up right after this

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Speaker 1: Welcome back slices. Here's what you need to know today.

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Speaker 1: Let's start with college hoops. Some bad news. South Carolina

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Speaker 1: has announced that Seniorchoe Kits will miss the upcoming season

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Speaker 1: after tearing her right acl. In a statement on Instagram,

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Speaker 1: Kits wrote, quote, while this isn't how I hoped my

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Speaker 1: senior season would go, I'm trusting God's timing and purpose.

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Speaker 2: I'll continue to.

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Speaker 1: Lead, support and push my team from the sidelines. We

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Speaker 1: have big things ahead end quote. Kits had been a

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Speaker 1: starter for the last two seasons for the game Cocks,

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Speaker 1: helping the team to back to back National Title Game appearances,

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Speaker 1: including winning the championship in twenty twenty four. The six' two,

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Speaker 1: forward who was projected to be a first ROUND wnba

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Speaker 1: draft pick in the, spring could opt to either return

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Speaker 1: for another collegiate season or decide she'd still like to

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Speaker 1: enter the upcoming.

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Speaker 2: Draft more college.

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Speaker 1: Hoops the first ap poll of the season is out

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Speaker 1: And yukon is on top after winning The ncaattorney Last.

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Speaker 1: April The huskies received twenty seven first place votes from

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Speaker 1: the thirty one member national media panel to earn the

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Speaker 1: number one. Spot South carolina came in at number, two

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Speaker 1: receiving the remaining four first place, votes and THEN, Ucla

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Speaker 1: texas AND lsu rounded out the top five to THE.

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Speaker 1: Wnba the expansion, team The Portland, fire have expanded their,

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Speaker 1: staff ANNOUNCING wnba Veteran Ashley battle as their vice president

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Speaker 1: Of Basketball, Operations strategy And. INNOVATION a three time national

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Speaker 1: champ At Yukon battle was drafted by The Seattle, storm

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Speaker 1: but spent most of her short w career with The

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Speaker 1: New York. Liberty to THE, Nwsl Seattle rain Legend Lauren

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Speaker 1: Lew barnes announced.

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Speaker 2: That she's retiring at the end of the.

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Speaker 1: Season barnes is one of two remaining nwslogs to have

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Speaker 1: played all thirteen years of league history with the same,

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Speaker 1: club the other being her reign Teammate Jess. Fishlock barnes

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Speaker 1: announced the news after becoming the first player to compete

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Speaker 1: in two hundred and fifty regular SEASON nwsl, games a

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Speaker 1: feat she accomplished this past. Weekend as part of the,

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Speaker 1: announcement The rain said the team will celebrate barnes career

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Speaker 1: and legacy During friday's match against The Utah. Royals seattle's

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Speaker 1: currently fifth in THE nwsl, table but they haven't yet

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Speaker 1: locked up a playoff. Spot safe to say the team

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Speaker 1: has a little extra motivation. Now soccer two RETIRED us

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Speaker 1: soccer Legends Alex morgan And Mia hamm announced they're joining

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Speaker 1: up to launch The Goal, cup a celebrity charity match

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Speaker 1: that will benefit their respective. Foundations the Inaugural Goal cup

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Speaker 1: competition will be played In Los angeles at USC's Rollinson

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Speaker 1: stadium Next, january With ham And morgan captaining rival Squads

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Speaker 1: la Versus San. Diego we'll link to the event website

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Speaker 1: in the show, notes where tickets are.

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Speaker 2: Now available to the general.

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Speaker 1: Public to college, Vibes, Yeah misha's, gone but vibes will never.

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Speaker 1: Die the Undefeated Nebraska cornhouskers remain in the top spot

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Speaker 1: in this Week's American Volleyball Coaches association rankings after sweeping

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Speaker 1: Both washington and then number twelve Per due this past.

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Speaker 1: Weekend number Two texas earned four first place. Votes they've

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Speaker 1: been in the number two spots since the second week

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Speaker 1: of THE avca.

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Speaker 2: Rankings the pair of.

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Speaker 1: Teams are the only unbeaten programs in the top twenty.

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Speaker 1: Five to, swimming Where American Gretchen walsh's streak of short

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Speaker 1: course world records. Continues over the weekend at A World

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Speaker 1: Aquatic Swimming World cup In, indiana walshbroker our own short

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Speaker 1: course world record in the fifty meter, butterfly clocking a

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Speaker 1: time of twenty three point seventy two.

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Speaker 2: Seconds, now if.

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Speaker 1: You're wondering what's a short course, record it's a time

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Speaker 1: set in a twenty five meter, pool which is half

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Speaker 1: as long as the standard fifty Meter olympic size, pool

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Speaker 1: and because a short course race includes more turns twice as.

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Speaker 1: Many in, fact the records there are faster than in

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Speaker 1: long course pools because competitors gain speed from pushing off the,

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Speaker 1: wall And walsh has set a lot of those, records

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Speaker 1: including this past weekend's. Victory she's now broken short course

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Speaker 1: world records thirteen times in the last. Year to gymnastics

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Speaker 1: ahead of the Upcoming World, championships which will be held In,

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Speaker 1: indonesia The indonesian government said last week they would not

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Speaker 1: grant visas To israeli athletes due to the war In,

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Speaker 1: gaza while The Israeli Gymnastics federation said it was assured

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Speaker 1: In july that its delegation would be allowed to compete At.

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Speaker 1: Worlds indonesia actually has a long history of refusing to

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Speaker 1: Host israeli sport, athletes dating back to the nineteen sixty

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Speaker 1: Two Asian. Games indonesia is the most most Populous muslim

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Speaker 1: majority country in the. World more than eighty seven percent

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Speaker 1: Of indonesians Are, muslim and the nation has no diplomatic

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Speaker 1: relationship With. Israel The Israeli Gymnastics federation appealed to The

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Speaker 1: court Of arbitration Of, sport asking for an intervention Requiring

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Speaker 1: indonesia to grant the visas or to force The International

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Speaker 1: Gymnastics federation to cancel or move The World championship.

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Speaker 2: Competition but On, tuesday.

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Speaker 1: The court Of arbitration For sport rejected the, appeal stating

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Speaker 1: that the organization has no control Over indonesia's visa. Policies

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Speaker 1: we got to take a quick. Break when we come.

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Speaker 1: Back It's David berry joining us now for a second.

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Speaker 1: Time he's a professor At Southern Utah university who's spent

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Speaker 1: the last two decades researching sports and. Economics he's written

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Speaker 1: or co written five, books Including The wages Of, Wins Sports,

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Speaker 1: economics And slaying The Trolls why The trolls Are very

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Speaker 1: very wrong About women In. Sports you've read his work all,

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Speaker 1: over Including The New York, Times The, Atlantic, Time forbes and.

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Speaker 1: More he can tell you off the top of his,

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Speaker 1: head how many people watch the nineteen eighty THREE Nba

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Speaker 1: finals live on.

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Speaker 2: Television it's. None It's David.

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Speaker 1: Berry, Hi, david thanks for coming back.

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Speaker 3: On hi, There how are you Doing i'm.

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Speaker 1: GOOD i love to quote you talking about tape DELAYED

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Speaker 1: nba finals and the number of people which was very

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Speaker 1: few in the crowd for some of the, finest most

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Speaker 1: nostalgic moments of that, league to remind people that there

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Speaker 1: was growth there.

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Speaker 2: Too and you've.

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Speaker 1: Really been banging the drum for years about the economic

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Speaker 1: realities and opportunities for women's, sports and you're just the

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Speaker 1: voice THAT i wanted to have on right now to

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Speaker 1: discuss THE wnbacba.

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Speaker 2: Negotiations we've laid out a bit of.

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Speaker 1: This in previous, Episodes we've talked about a number of

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Speaker 1: the different THINGS i want to talk about, today BUT

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Speaker 1: i still think it'll be useful to sort of set

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Speaker 1: the stage by explaining how sports team valuations, work laying

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Speaker 1: out the WNBA's ownership, breakdown and then getting into some

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Speaker 1: of the leaked proposals and what.

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Speaker 2: You actually are arguing might be.

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Speaker 1: Fair so let's start with the, basics and, remember talk

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Speaker 1: to me Like i'm, five because MATHEMATICALLY i, am and

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Speaker 1: many of our listeners also might feel that way when

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Speaker 1: it comes to economics and. Numbers but can you explain

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Speaker 1: how sports teams can report losses while still boasting giant.

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Speaker 1: Valuations how is the business of sport different than maybe

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Speaker 1: how we think about, revenue, profits, losses et.

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Speaker 2: Cetera maybe in some other. Spaces all, right.

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Speaker 4: That's i'm gonna get my whiteboard out and this will

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Speaker 4: be done just with some basic. CALCULUS i, Think, no

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Speaker 4: that's not how we Do, okay this is SOMETHING i

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Speaker 4: think people don't. Understand And i'm an econ, professor so

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Speaker 4: not an accounting, professor BUT i do no accounting, Professors

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Speaker 4: and this is what you learn if you talk to accounting.

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Speaker 3: Professors there is a sense that.

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Speaker 4: People have that when a firm reports revenues and costs

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Speaker 4: and their financial, statements that that is the statement and

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Speaker 4: anyone else looking at the financial data would come to

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Speaker 4: exactly the same. Conclusion and if that were, true we

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Speaker 4: wouldn't need. Accountants it would just be a computer. Program

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Speaker 4: but we actually have. Accountants and so what accountants do

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Speaker 4: is they tell the story that the firm would like to.

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Speaker 4: Tell so my favorite example of this is back in

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Speaker 4: the early nineteen, seventies THE nba is very concerned The

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Speaker 4: American Basketball association. Exists they're bidding up the salaries of the,

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Speaker 4: players and THE nba is LIKE i want THE aba

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Speaker 4: to go.

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Speaker 3: AWAY i want to merge with THE. Aba that's WHAT

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Speaker 3: i want to have.

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Speaker 4: Happened And oscar robertson the, player said, no if you do,

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Speaker 4: that then Player souris will come. Down we need THE

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Speaker 4: aba to bid up our. Salaries what you're proposing is totally.

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Speaker 4: Illegal it's a violation of anti. Trust some of THE

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Speaker 4: Us senate gets, involved and The United States senate back

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Speaker 4: in those days this was.

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Speaker 3: TRUE i don't know how true this is.

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Speaker 4: Anymore but in those days they could issue subpoenas and

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Speaker 4: you actually had to do what they. Said so they

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Speaker 4: issued a subpoena of THE nba and, said give us

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Speaker 4: your financial, data because you've contended that you are current

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Speaker 4: certainly not making a. Profit so they turned over their actual,

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Speaker 4: numbers and those numbers ended up in the hands of two.

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Speaker 4: ECONOMISTS i believe their names Are Roger nolan Ben, achner

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Speaker 4: and they were At stanford And Nolan knckner look at

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Speaker 4: this data and they, say, well you're. Right if you

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Speaker 4: look at it this, way then your financial data says.

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Speaker 3: That you're losing.

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Speaker 4: Money but, HOWEVER i could look at it this way

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Speaker 4: and you're breaking EVEN i could look at this, way

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Speaker 4: you're making a small. PROFIT i look at it this,

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Speaker 4: way you're making a larger. Profit and every WAY i

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Speaker 4: just told you is totally legal and totally. Acceptable you

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Speaker 4: chose the way that would make the argument that you

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Speaker 4: wanted to. Make but that's not the only way to

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Speaker 4: look at. This and if you are right now talking

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Speaker 4: to somebody investing in THE, nba you probably wouldn't tell

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Speaker 4: them that story that you're losing. Money you would tell

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Speaker 4: them this other story that it's very. Profitable and that's

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Speaker 4: why people were investing in THE nba in the early nineteen.

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Speaker 4: Seventies so there's you can do this different. Ways so

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Speaker 4: when THE nba comes out and, says, hey we're not making,

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Speaker 4: money which is the story they told in the early,

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Speaker 4: seventies and then the same story in eighty, three in

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Speaker 4: the same story in every other labor negotiation they, did

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Speaker 4: they would always say we're not making.

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Speaker 3: Money you're.

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Speaker 4: Right you could look at the books a certain way

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Speaker 4: and come to that. Conclusion BUT i could also look

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Speaker 4: at the books a different way and come to a

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Speaker 4: totally different. Conclusion and, unfortunately often reporters don't know. This

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Speaker 4: they tend to think that whatever they said must be,

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Speaker 4: true because there's no way THE nba would just lie about.

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Speaker 4: It they wouldn't do that well and worth.

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Speaker 1: Noting when it happens in THE, nba there may be

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Speaker 1: a little bit of concern about the league stepping back

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Speaker 1: in terms of profitability or something affecting it in a

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Speaker 1: negative way that needs to be, Addressed but for the most,

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Speaker 1: part the conversation is still that this is a very

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Speaker 1: profitable business that everybody wants in, on even if there

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Speaker 1: are teams reporting, losses whereas in THE wnba the story

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Speaker 1: has always been that because of the, losses it's not

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Speaker 1: a viable business and the product is. Bad, so for,

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Speaker 1: instance you mentioned THE nba across multiple decades reporting. LOSSES

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Speaker 1: espn found CONFIDENTIAL nba financial records a couple of years,

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Speaker 1: ago twenty, sixteen showing that fourteen of the NBA's thirty

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Speaker 1: teams lost money before collecting revenue sharing. Payouts nine finished

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Speaker 1: in the red even after accounting for those. Payments and,

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Speaker 1: again this is the story those numbers. Told you could

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Speaker 1: probably work those same numbers to tell a different, story

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Speaker 1: but folks were not clamoring for those team to shut.

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Speaker 1: Down they weren't asking why The, cavs for, instance would

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Speaker 1: Pay Lebron james thirty point nine million dollars that year

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Speaker 1: if they were in the. Red And Adam silver wasn't

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Speaker 1: publicly announcing THOSE nba, Losses why do you think he's

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Speaker 1: been willing to publicly discuss the WNBA's financial losses and

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Speaker 1: allow for that narrative to Continue.

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Speaker 4: When it comes to THE. Nba and we wrote this

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Speaker 4: in our, Book slang the. Trolls when it comes to,

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Speaker 4: sports men really love, men and so when the stories

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Speaker 4: about men's, sports the idea of a lot of men's

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00:11:59,400 --> 00:12:02,839
Speaker 4: minds is men sports is. Legitimate it's something that should.

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Speaker 4: Exist we love. Them we love a love of, love

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00:12:04,920 --> 00:12:07,880
Speaker 4: of love. It we don't care for losing money in men's.

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Speaker 4: Sports The Houston rockets are willing to Pay John wall

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Speaker 4: forty four million dollars sit on a bench for an entire,

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Speaker 4: season and THE nba is not going to release a

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Speaker 4: statement going On John, wall we lost forty four million

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00:12:17,120 --> 00:12:19,080
Speaker 4: dollars last. Year he didn't produce anything for, Us he

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00:12:19,160 --> 00:12:21,760
Speaker 4: just sat. There they don't say that when it comes

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Speaker 4: to women's. Sports women's sports are treated like they're At

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Speaker 4: taco bell and so they look at every quarterly financial

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00:12:27,559 --> 00:12:30,400
Speaker 4: statement to see if they're making, money BECAUSE i think

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Speaker 4: in the minds of, men and this IS i think

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Speaker 4: the crucial issue is they fundamentally don't believe that women's

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Speaker 4: sports are the same as men's. Sports men's sports they

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Speaker 4: know are going to exist forever because, men they, know

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00:12:44,679 --> 00:12:47,640
Speaker 4: live and die by their sports, teams and they just

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00:12:47,679 --> 00:12:49,880
Speaker 4: don't believe that women's sports are the same. Thing that

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Speaker 4: women's sports can attract the same audience and the same

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Speaker 4: fan base and the same kind of. Attitudes they think

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Speaker 4: they've exist on the men's, side but not on the women's,

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Speaker 4: side and as a, result they react to any kind

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Speaker 4: of negative financial statement as this is proof that What

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Speaker 4: i'm saying is. Right men's sports is real and women's

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Speaker 4: sports is not real and so and THAT i think

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Speaker 4: is one of the fundamental problems here is that men don't. Believe,

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Speaker 4: ultimately there are a lot of men who don't believe

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Speaker 4: in women's sports in the same way they believe in men's.

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Speaker 4: Sports AND i would also add, THIS i think when

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Speaker 4: you think about sports as a business versus other mentioning taco,

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Speaker 4: bell if you go to a restaurant after this podcast

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Speaker 4: and you have a meal and it may be your

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00:13:32,920 --> 00:13:35,040
Speaker 4: favorite restaurant in the, world and it doesn't work out for,

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Speaker 4: you you may never go back. Again but if The

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Speaker 4: cubs blew the playoffs, again that is not the fandom

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Speaker 4: of The cubs in the. Slightest there is not a

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Speaker 4: Single cubs fan, who when they, lost said, Well i'm

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Speaker 4: done with.

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Speaker 3: That i'm not watching.

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Speaker 1: That.

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Speaker 2: Yeah this is the ANALOGY i bring up all the.

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Speaker 1: TIME i call it the shit sandwich, analogy which is,

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Speaker 1: somehow every single, year The bears can serve me a

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Speaker 1: shit sandwich AND i will keep coming. Back it doesn't

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Speaker 1: really matter what they serve.

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Speaker 2: ME i will be.

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Speaker 1: Back which is why sports is a great business to

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00:14:05,160 --> 00:14:07,920
Speaker 1: be in as. Owners and to your, point there is

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00:14:07,960 --> 00:14:12,680
Speaker 1: this belief system that men's potential is worth every, investment

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00:14:13,080 --> 00:14:17,600
Speaker 1: whereas women are always graded. Immediately there's no working toward

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00:14:17,840 --> 00:14:23,239
Speaker 1: an EVENTUAL. Roi there is no long, important meaningful investment

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00:14:23,280 --> 00:14:25,320
Speaker 1: put in with the idea that down the road it's

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00:14:25,320 --> 00:14:28,240
Speaker 1: going to pay. Off from the, beginning women's leagues have

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00:14:28,320 --> 00:14:30,800
Speaker 1: said we put in, this we lost this, immediately while

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00:14:30,840 --> 00:14:33,720
Speaker 1: men's leagues have understood and other business whether That's netflix

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00:14:33,800 --> 00:14:36,400
Speaker 1: or somewhere, else have understood the long tail that we'll

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00:14:36,400 --> 00:14:38,720
Speaker 1: have to follow if they believe something's going to work.

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Speaker 2: On SO i agree with your.

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Speaker 1: Point that fundamentally men have a lack of imagination when

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Speaker 1: it comes to women's sports and a lack of. Belief

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00:14:45,160 --> 00:14:49,920
Speaker 1: but also business, Wise Adam silver has seemed to be

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00:14:50,080 --> 00:14:52,320
Speaker 1: a quote unquote good guy on the side of women

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00:14:52,480 --> 00:14:55,280
Speaker 1: since he took, Over but he's not the one who

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00:14:55,360 --> 00:14:58,400
Speaker 1: had this, vision. Right he took over For David, stern

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00:14:58,480 --> 00:15:02,040
Speaker 1: who ultimately had a vision around the women's game and

303
00:15:02,080 --> 00:15:04,920
Speaker 1: help to make it come to. Fruition so is your

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00:15:05,000 --> 00:15:09,760
Speaker 1: belief that as both personal and as a, businessman he

305
00:15:10,120 --> 00:15:14,520
Speaker 1: fundamentally doesn't believe that it's profitable or worth investing in

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00:15:14,680 --> 00:15:17,320
Speaker 1: and that's why he's willing to publicly denounce, it or

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00:15:17,360 --> 00:15:20,040
Speaker 1: do you think he's playing the game of IF i

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00:15:20,120 --> 00:15:24,280
Speaker 1: publicly criticize, it especially right BEFORE, cbas we can continue

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00:15:24,320 --> 00:15:26,520
Speaker 1: to talk about how we're not making, money pay the

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00:15:26,560 --> 00:15:29,960
Speaker 1: players less than they, want AND i can either use

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00:15:30,000 --> 00:15:33,680
Speaker 1: it as a tax shield for THE nba continuing to

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00:15:33,720 --> 00:15:36,000
Speaker 1: report losses against WHERE i really want to, Invest, like

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00:15:36,080 --> 00:15:36,920
Speaker 1: is there more to it?

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Speaker 2: There as a, Businessman, yeah it's hard to.

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Speaker 3: Know, right.

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Speaker 4: Don't we don't know because they both motivations lead us

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00:15:44,280 --> 00:15:47,680
Speaker 4: to the same. Outcome it is a case That Adam

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00:15:47,720 --> 00:15:50,600
Speaker 4: silver is in THE nba in a very different position

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00:15:50,640 --> 00:15:53,240
Speaker 4: Than David stern. Was David stern came in THE nba

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00:15:53,240 --> 00:15:56,880
Speaker 4: in the nineteen. Seventies he knew THE nba wasn't doing very.

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Speaker 4: Well he knew that They he was in THE nba

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Speaker 4: when they attracted less than ten thousand fans a.

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Speaker 3: Game he was in THE nba when they were struggling

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Speaker 3: to get on.

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00:16:03,840 --> 00:16:06,840
Speaker 4: Television he knew all, that and then he watched it

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00:16:06,880 --> 00:16:10,400
Speaker 4: build up over, time and then he handed it over To.

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00:16:10,440 --> 00:16:13,280
Speaker 4: Adam Adam silver is effectively his rich son that he

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00:16:13,400 --> 00:16:16,480
Speaker 4: just gave the business. To and Then Adam silver inherits

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00:16:16,520 --> 00:16:19,640
Speaker 4: it and. Goes then he looks at THE. Wnba he,

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00:16:19,640 --> 00:16:22,160
Speaker 4: SAYS i don't understand why you're not. Successful we're. Successful,

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Speaker 4: yeah you inherited a business that already exists for fifty.

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00:16:24,800 --> 00:16:28,120
Speaker 4: Years that's why it's. Successful THE wnba it started in ninety.

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00:16:28,120 --> 00:16:30,360
Speaker 4: Seven we're not at the end of the third. Decade

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00:16:30,840 --> 00:16:33,400
Speaker 4: if you knew YOUR nba, history Which David stern would

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00:16:33,400 --> 00:16:34,880
Speaker 4: have known because he was there at the end of

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00:16:34,880 --> 00:16:36,680
Speaker 4: the third, decade he would, say, well it's exactly where's

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00:16:36,680 --> 00:16:39,120
Speaker 4: supposed to. Be, actually it's further along than it was

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00:16:39,160 --> 00:16:41,280
Speaker 4: supposed to. Be David stern were, alive he'd be.

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00:16:41,200 --> 00:16:41,800
Speaker 3: Like this is going.

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00:16:41,840 --> 00:16:45,240
Speaker 4: Amazingly, well this is way better THAN i anticipated it would.

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00:16:45,240 --> 00:16:49,000
Speaker 4: Be right, now THE wnba is earning more revenue than

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00:16:49,000 --> 00:16:50,760
Speaker 4: THE nba with the same point in. Time they have higher,

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00:16:50,800 --> 00:16:54,960
Speaker 4: attendance they have better television, Ratings they are better in

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Speaker 4: every metric you can think of relative to THE nba

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00:16:57,560 --> 00:16:58,120
Speaker 4: at the same point in.

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00:16:58,160 --> 00:16:59,360
Speaker 3: Time we should be.

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00:16:59,280 --> 00:17:01,400
Speaker 4: Looking at this lead right, now going this is an

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00:17:01,440 --> 00:17:05,040
Speaker 4: amazing success. Story you can't possibly be telling me this

349
00:17:05,119 --> 00:17:05,480
Speaker 4: is losing.

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00:17:05,520 --> 00:17:06,000
Speaker 3: Money that is.

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00:17:06,080 --> 00:17:09,520
Speaker 4: Ridiculous you. Can't how are you getting all the investors

352
00:17:09,560 --> 00:17:10,879
Speaker 4: to show up with hundreds of millions of?

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00:17:10,880 --> 00:17:11,960
Speaker 3: Dollars why are they doing?

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00:17:11,960 --> 00:17:13,480
Speaker 2: That, yeah that's WHAT i keep.

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00:17:13,520 --> 00:17:15,239
Speaker 1: Saying you can't say out of one side of your.

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00:17:15,280 --> 00:17:19,360
Speaker 1: Mouth rocketship. Growth people are fighting over expansion. Sides billionaires

357
00:17:19,400 --> 00:17:21,480
Speaker 1: want in and oh but also we're very poor and

358
00:17:21,520 --> 00:17:22,800
Speaker 1: we don't have any, money and we can't pay the,

359
00:17:22,800 --> 00:17:24,520
Speaker 1: players and yet that's what they're trying to. Do, okay

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00:17:24,520 --> 00:17:26,200
Speaker 1: so let's get into the ownership side of, things because

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00:17:26,200 --> 00:17:29,360
Speaker 1: that complicates things. Too i'm quoting you in Your wages

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00:17:29,400 --> 00:17:31,840
Speaker 1: Of wins Sub. Stack you write in THE, nba the

363
00:17:31,880 --> 00:17:34,560
Speaker 1: thirty owners of the teams collectively own one hundred percent

364
00:17:34,560 --> 00:17:37,680
Speaker 1: of the. League THE wnba ownership is more. Complicated when

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00:17:37,680 --> 00:17:40,600
Speaker 1: the league was, founded THE nba retained fifty percent ownership

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00:17:40,640 --> 00:17:43,320
Speaker 1: of the. League, therefore the owners of THE wnba only

367
00:17:43,359 --> 00:17:46,000
Speaker 1: owned fifty percent of the league that was entirely comprised

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00:17:46,000 --> 00:17:48,440
Speaker 1: of their. Teams, yes this is an unusual way to

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00:17:48,440 --> 00:17:48,879
Speaker 1: structure a.

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00:17:48,960 --> 00:17:49,880
Speaker 2: League and then it got even.

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00:17:49,880 --> 00:17:52,440
Speaker 1: Weirder in twenty twenty, two THE, wnba led By kat

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00:17:52,480 --> 00:17:55,280
Speaker 1: The engelbert And Adam, silver decided to sell off sixteen

373
00:17:55,320 --> 00:17:58,679
Speaker 1: percent of THE wnba for just seventy five million. Dollars,

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00:17:59,000 --> 00:18:01,960
Speaker 1: now fair toes they needed a. Capital this is me now.

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00:18:01,960 --> 00:18:02,640
Speaker 1: Talking you're done.

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00:18:02,640 --> 00:18:03,080
Speaker 2: Talking end.

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00:18:03,160 --> 00:18:06,280
Speaker 1: Quote fair to say that they needed that injection of.

378
00:18:06,320 --> 00:18:09,600
Speaker 1: Capital but can you explain now why that sale sixteen

379
00:18:09,640 --> 00:18:12,560
Speaker 1: percent for seventy five million looks like such a big.

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00:18:12,600 --> 00:18:17,040
Speaker 4: Miss if they truly needed seventy five million, Dollars THE

381
00:18:17,200 --> 00:18:19,800
Speaker 4: nba had seventy five million. Dollars they had just Given

382
00:18:19,840 --> 00:18:22,280
Speaker 4: John wall forty four million, dollars so they had seventy

383
00:18:22,280 --> 00:18:25,480
Speaker 4: five if that was. Needed you you really truly believe

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00:18:25,560 --> 00:18:28,399
Speaker 4: this this business needs seventy five million, DOLLARS i have

385
00:18:28,480 --> 00:18:29,160
Speaker 4: seventy five million.

386
00:18:29,160 --> 00:18:30,919
Speaker 3: Dollars if your position.

387
00:18:30,640 --> 00:18:32,720
Speaker 4: IS i have to sell off sixteen percent of an

388
00:18:32,840 --> 00:18:35,040
Speaker 4: entity that's going to be worth billions someday for seventy

389
00:18:35,040 --> 00:18:37,240
Speaker 4: five million dollars BECAUSE i desperately need cash right. Now

390
00:18:37,400 --> 00:18:39,320
Speaker 4: when it turns OUT i had the cash sitting in my,

391
00:18:39,400 --> 00:18:41,320
Speaker 4: desk that means you're an. Idiot well what are you?

392
00:18:41,359 --> 00:18:45,520
Speaker 4: Doing why would you sell off that? Asset it's that

393
00:18:45,560 --> 00:18:48,000
Speaker 4: doesn't make any. Sense you only make sense if you

394
00:18:48,200 --> 00:18:50,040
Speaker 4: if you take the position is you don't actually believe

395
00:18:50,040 --> 00:18:53,439
Speaker 4: this is gonna be worth, Billions you really believe that

396
00:18:53,480 --> 00:18:58,000
Speaker 4: this league is probably peaking at this point page which.

397
00:18:57,800 --> 00:18:59,840
Speaker 1: Is why it's such a huge, miss because the people

398
00:18:59,840 --> 00:19:02,920
Speaker 1: in charge don't even believe in. It so the deal

399
00:19:03,160 --> 00:19:06,840
Speaker 1: at that, moment essentially using those percentages in that, investment

400
00:19:07,240 --> 00:19:10,200
Speaker 1: valued the entire w at less than five hundred million.

401
00:19:10,240 --> 00:19:12,600
Speaker 2: Dollars but just three years.

402
00:19:12,359 --> 00:19:15,080
Speaker 1: After that deal was, made The New York liberty by

403
00:19:15,119 --> 00:19:18,760
Speaker 1: itself was valued at almost that five hundred million dollar.

404
00:19:18,920 --> 00:19:22,440
Speaker 1: Number so you gave away a league worth, billions sixteen

405
00:19:22,480 --> 00:19:25,280
Speaker 1: percent of it for just seventy five million. Dollars so

406
00:19:25,800 --> 00:19:29,919
Speaker 1: massive miss, there which then leads us to the question

407
00:19:30,000 --> 00:19:33,680
Speaker 1: of financial transparency and why we don't have more of.

408
00:19:33,720 --> 00:19:35,760
Speaker 1: It so when they make decisions like this or THE

409
00:19:35,800 --> 00:19:38,159
Speaker 1: tv deal that a lot of people rightfully said at

410
00:19:38,200 --> 00:19:40,000
Speaker 1: the time isn't even good. Enough sounds like a, lot

411
00:19:40,040 --> 00:19:42,040
Speaker 1: but still not good. Enough and that's because we do

412
00:19:42,080 --> 00:19:44,879
Speaker 1: not have financial. Transparency we know what percentage of the

413
00:19:44,880 --> 00:19:45,919
Speaker 1: different parties, own.

414
00:19:46,000 --> 00:19:47,520
Speaker 2: But we don't really know what they.

415
00:19:47,720 --> 00:19:51,000
Speaker 1: Own because financial estimates have the league making anywhere from

416
00:19:51,040 --> 00:19:53,720
Speaker 1: three hundred million dollars in revenue this year to AN

417
00:19:53,920 --> 00:19:57,080
Speaker 1: espn report that has it making a billion dollars three

418
00:19:57,160 --> 00:19:59,320
Speaker 1: hundred million a, billion those are very.

419
00:19:59,400 --> 00:20:03,719
Speaker 2: Different why is the financial picture so? Muddy, yeah, well

420
00:20:03,760 --> 00:20:04,479
Speaker 2: they don't report.

421
00:20:04,520 --> 00:20:07,600
Speaker 4: Anything i'm forced to piece this together based on what

422
00:20:07,720 --> 00:20:11,879
Speaker 4: public SOURCES i. Have i've actually had people who are

423
00:20:11,920 --> 00:20:13,919
Speaker 4: supposed to know contact me and, go, well what do

424
00:20:13,920 --> 00:20:15,320
Speaker 4: you think it. Is i'm, Like i'm not the one

425
00:20:15,320 --> 00:20:16,080
Speaker 4: who's supposed to know.

426
00:20:16,160 --> 00:20:18,639
Speaker 2: This the players don't. Know the.

427
00:20:18,760 --> 00:20:22,200
Speaker 1: Players The Players association are trying to do A cba

428
00:20:22,320 --> 00:20:24,120
Speaker 1: and they don't even know they aren't even being given

429
00:20:24,160 --> 00:20:25,240
Speaker 1: the Final i'm.

430
00:20:25,080 --> 00:20:25,520
Speaker 3: Going to tell.

431
00:20:25,560 --> 00:20:29,320
Speaker 4: YOU i know people IN, WNBA i know people work

432
00:20:29,359 --> 00:20:32,199
Speaker 4: with W they don't know. Why nobody seems to. Know

433
00:20:32,720 --> 00:20:36,480
Speaker 4: nobody knows what it, is and they won't tell. You

434
00:20:36,640 --> 00:20:38,479
Speaker 4: and part of it is that there's a lot of

435
00:20:38,520 --> 00:20:43,560
Speaker 4: things in the revenue that is where it's it's you,

436
00:20:43,600 --> 00:20:46,480
Speaker 4: know if the The Indiana, pacers any n fever owned

437
00:20:46,480 --> 00:20:48,600
Speaker 4: by the same, entity so if they sign a sponsorship

438
00:20:48,600 --> 00:20:51,800
Speaker 4: deal for, both then the question, is, well who gets

439
00:20:51,960 --> 00:20:53,120
Speaker 4: how much the revenue goes to each?

440
00:20:53,160 --> 00:20:54,399
Speaker 3: PARTY i don't how DO i know?

441
00:20:54,480 --> 00:20:57,680
Speaker 4: That because you negotiated on both, Sides and the same

442
00:20:57,720 --> 00:20:59,640
Speaker 4: thing is with the media, deal you negotiated both the same.

443
00:20:59,680 --> 00:21:01,520
Speaker 3: Time so what exactly was that?

444
00:21:01,600 --> 00:21:05,280
Speaker 4: Worth you didn't sell them, separately so you just, DECLARED

445
00:21:05,400 --> 00:21:07,960
Speaker 4: i say it's two. Billion does it look from the

446
00:21:08,040 --> 00:21:10,119
Speaker 4: ratings that it would be two? Billion so where'd you

447
00:21:10,119 --> 00:21:11,720
Speaker 4: get the number? From you, know they act like we

448
00:21:11,720 --> 00:21:13,840
Speaker 4: did them a. Favor that wasn't a, favor that was

449
00:21:13,880 --> 00:21:14,520
Speaker 4: you made that up?

450
00:21:15,640 --> 00:21:17,080
Speaker 2: Right, well and we've seen in other.

451
00:21:17,119 --> 00:21:19,600
Speaker 1: Instances if you look at the independent report that came

452
00:21:19,600 --> 00:21:22,240
Speaker 1: out about THE NC doublea and their violations in terms

453
00:21:22,280 --> 00:21:24,080
Speaker 1: of investment on the men's and women's side From March

454
00:21:24,080 --> 00:21:27,240
Speaker 1: madness that there was a sale of every SINGLE NC

455
00:21:27,359 --> 00:21:31,560
Speaker 1: douba championship bundled into one thing in order FOR tnt

456
00:21:31,680 --> 00:21:33,119
Speaker 1: to get the rights to the men's and then there

457
00:21:33,200 --> 00:21:36,080
Speaker 1: was no way of ascribing any value to the women's

458
00:21:36,080 --> 00:21:38,240
Speaker 1: tournament that they actually ended up saying was worth up

459
00:21:38,280 --> 00:21:41,640
Speaker 1: to eighty million dollars a, year was selling out, tickets

460
00:21:41,760 --> 00:21:44,560
Speaker 1: was selling out, sponsorships and then being called a money.

461
00:21:44,600 --> 00:21:47,720
Speaker 1: Loser so you can decide what story you want to

462
00:21:47,720 --> 00:21:50,040
Speaker 1: tell back to your financials at the, top and you

463
00:21:50,080 --> 00:21:52,359
Speaker 1: can also decide what you want to, reveal like you,

464
00:21:52,400 --> 00:21:53,440
Speaker 1: said when you make a.

465
00:21:53,400 --> 00:21:54,840
Speaker 2: Deal on both sides of THE nba AND.

466
00:21:54,960 --> 00:21:56,679
Speaker 1: Wnba if you want to tell the story that THE

467
00:21:56,760 --> 00:21:58,320
Speaker 1: nba is the reason you made all that, money that's

468
00:21:58,320 --> 00:22:00,600
Speaker 1: pretty easy to, do, right and that it feels like

469
00:22:00,640 --> 00:22:04,080
Speaker 1: what happens so often. Here the language here is never

470
00:22:04,280 --> 00:22:07,800
Speaker 1: that THE nba AND wnba are owners of a. Thing

471
00:22:08,320 --> 00:22:11,439
Speaker 1: it is always that THE nba subsidizes THE.

472
00:22:11,560 --> 00:22:13,760
Speaker 2: Wnba. Right we only use that language.

473
00:22:13,800 --> 00:22:17,440
Speaker 1: Here we never talk about investments anywhere else as being

474
00:22:17,440 --> 00:22:20,880
Speaker 1: a subsidization of a product that's not worth. It it's

475
00:22:20,880 --> 00:22:24,399
Speaker 1: always an investment or something that is worth. Something so

476
00:22:24,520 --> 00:22:26,919
Speaker 1: again it comes back to the story that we've always

477
00:22:26,920 --> 00:22:30,160
Speaker 1: told about the w changing the way people write about

478
00:22:30,160 --> 00:22:32,760
Speaker 1: and see everything from the financials to what they're.

479
00:22:32,800 --> 00:22:34,080
Speaker 2: Worth so let's talk about what they're.

480
00:22:34,080 --> 00:22:38,679
Speaker 1: Worth because the AVERAGE wnba, salary an estimated percentage OF

481
00:22:38,800 --> 00:22:43,040
Speaker 1: wnba revenue paid to the players right, now would be

482
00:22:43,040 --> 00:22:45,560
Speaker 1: pretty shocking to folks who might not know. It So

483
00:22:45,600 --> 00:22:47,879
Speaker 1: i'm going to quote your sub stack again on this

484
00:22:48,440 --> 00:22:49,280
Speaker 1: for those who don't.

485
00:22:49,280 --> 00:22:49,359
Speaker 4: Know.

486
00:22:49,640 --> 00:22:52,240
Speaker 1: Quote while the average wage grew from a bit less

487
00:22:52,240 --> 00:22:54,680
Speaker 1: than one hundred ten thousand dollars in twenty twenty one

488
00:22:54,880 --> 00:22:57,280
Speaker 1: to about one hundred twenty thousand dollars in twenty twenty,

489
00:22:57,280 --> 00:23:00,359
Speaker 1: five by my, estimation the percentage of revenues paid TO

490
00:23:00,480 --> 00:23:03,919
Speaker 1: wnba players fell from eleven percent four years ago to

491
00:23:04,000 --> 00:23:06,880
Speaker 1: less than seven percent this. Season this inequity gets more

492
00:23:06,920 --> 00:23:09,439
Speaker 1: marked at the star. Level the top players in THE

493
00:23:09,520 --> 00:23:12,399
Speaker 1: wnba make close to two hundred and fifty thousand dollars a.

494
00:23:12,520 --> 00:23:16,159
Speaker 1: Year THE nba pays its top players around two hundred

495
00:23:16,600 --> 00:23:22,920
Speaker 1: times as. Much so that's why we're HERE wnbacba. Negotiations

496
00:23:22,960 --> 00:23:25,359
Speaker 1: what does the league plan to do to address this?

497
00:23:25,440 --> 00:23:27,600
Speaker 1: Discrepancy well friend of the, Show Anti coostable Of Front

498
00:23:27,640 --> 00:23:30,560
Speaker 1: Office sports reported a few days ago the latest salary

499
00:23:30,600 --> 00:23:34,439
Speaker 1: offer from THE nba SLASH wnba to THE wna players is,

500
00:23:34,560 --> 00:23:38,520
Speaker 1: quote according to those, sources a supermacs salary closer to

501
00:23:38,560 --> 00:23:41,640
Speaker 1: eight hundred and fifty thousand dollars and a veteran minimum

502
00:23:41,800 --> 00:23:43,600
Speaker 1: hovering around three hundred thousand.

503
00:23:43,320 --> 00:23:45,359
Speaker 2: Dollars in the first year of the proposal end.

504
00:23:45,440 --> 00:23:48,359
Speaker 1: Quote can you give me your theory about how the

505
00:23:48,440 --> 00:23:50,040
Speaker 1: league got to those very specific?

506
00:23:50,119 --> 00:23:53,320
Speaker 4: Numbers right, now after the capital, rays THE nba owns

507
00:23:53,359 --> 00:23:56,440
Speaker 4: forty two, percent there's the lucky seventy five million dollar

508
00:23:56,520 --> 00:23:58,720
Speaker 4: winners who got sixteen. Percent that's going to be worth

509
00:23:58,760 --> 00:24:01,080
Speaker 4: billions for them later. On they're very happy about. That

510
00:24:01,480 --> 00:24:03,840
Speaker 4: and then there's forty two percent left for THE wnba,

511
00:24:03,880 --> 00:24:06,840
Speaker 4: Owners So Mark davis and the size and they own

512
00:24:06,920 --> 00:24:10,280
Speaker 4: forty two percent of this. League so if you, say,

513
00:24:10,320 --> 00:24:13,440
Speaker 4: okay next year they're gonna GET tv, deal they're gonna

514
00:24:13,440 --> 00:24:15,680
Speaker 4: get two hundred million. Dollars they already have three hundred

515
00:24:15,680 --> 00:24:17,920
Speaker 4: million this. Year that means revenues at least five hundred,

516
00:24:17,920 --> 00:24:20,880
Speaker 4: Million so ignoring the billion dollar, report let's say it's

517
00:24:20,880 --> 00:24:25,600
Speaker 4: five hundred. Million if THE wnba owners are totally responsible

518
00:24:25,640 --> 00:24:28,919
Speaker 4: for paying the, players Which i've heard people say that

519
00:24:29,000 --> 00:24:30,320
Speaker 4: they think that's how this should.

520
00:24:30,320 --> 00:24:34,439
Speaker 1: Work JUST, wnba not just FORTY nba and not the

521
00:24:34,520 --> 00:24:36,960
Speaker 1: sixteen percent equity raise.

522
00:24:37,040 --> 00:24:39,920
Speaker 4: People, yeah just the. Owners so they get forty percent

523
00:24:39,920 --> 00:24:41,320
Speaker 4: of the. Revenue that would give them two hundred and

524
00:24:41,359 --> 00:24:45,440
Speaker 4: ten million. Dollars that's forty two percent of five hundred,

525
00:24:45,440 --> 00:24:47,560
Speaker 4: million two under, ten and there's about two hundred and

526
00:24:47,640 --> 00:24:52,120
Speaker 4: ten players next year after, expansion and if they get,

527
00:24:52,200 --> 00:24:54,480
Speaker 4: half they get fifty. Percent that's what THE nba. Gets

528
00:24:54,520 --> 00:24:56,000
Speaker 4: i'm gonna be a fifty. Percent they would get one

529
00:24:56,040 --> 00:24:59,040
Speaker 4: hundred and five. Million that would put average salary at

530
00:24:59,080 --> 00:25:01,080
Speaker 4: five hundred thousand if you could follow them out. There

531
00:25:01,080 --> 00:25:03,040
Speaker 4: but that's it comes out to be five hundred, thousand

532
00:25:03,040 --> 00:25:04,960
Speaker 4: which is right kind of in between what you said

533
00:25:04,960 --> 00:25:07,040
Speaker 4: the max and the minimum. Was that's kind of roughly

534
00:25:07,040 --> 00:25:10,040
Speaker 4: where you're, at and that suggests to me that that's

535
00:25:10,080 --> 00:25:12,040
Speaker 4: really what you're doing. Here you're actually saying the W

536
00:25:12,200 --> 00:25:14,960
Speaker 4: nba owners are paying all the, salaries and THE nba

537
00:25:15,720 --> 00:25:18,600
Speaker 4: and those capital raised. People they collect, revenue but they

538
00:25:18,600 --> 00:25:22,280
Speaker 4: don't pay the, cost and that's Not and So Adam

539
00:25:22,280 --> 00:25:25,679
Speaker 4: silver had this this very patronizing. Statement he, said, Well

540
00:25:26,480 --> 00:25:29,080
Speaker 4: Kathy engelbert and the feast that they're they're they're treating

541
00:25:29,080 --> 00:25:32,320
Speaker 4: this as it's, personal it's just. Business, Well i'm, Sorry,

542
00:25:32,400 --> 00:25:34,639
Speaker 4: adam there's no business that exists where you get the

543
00:25:34,640 --> 00:25:36,879
Speaker 4: revenue but you don't pay the. Cost what business is

544
00:25:36,920 --> 00:25:38,680
Speaker 4: at that's that you can't get a business that we

545
00:25:39,359 --> 00:25:41,439
Speaker 4: try and try and go buy a business that that,

546
00:25:41,520 --> 00:25:44,359
Speaker 4: Says i'm going to give you. Money you give you

547
00:25:44,400 --> 00:25:46,720
Speaker 4: all your. Revenue i'm not responsible for your. Cost he's,

548
00:25:46,760 --> 00:25:49,080
Speaker 4: Like i'm, sorry you're an. Owner you're responsible for the cost.

549
00:25:49,160 --> 00:25:51,399
Speaker 4: Too that's part of the. Deal owners get paid in.

550
00:25:51,440 --> 00:25:53,320
Speaker 4: Profit they don't they don't get paid in. Revenue they

551
00:25:53,359 --> 00:25:55,480
Speaker 4: get paid in. Profit profit is what exists after you

552
00:25:55,600 --> 00:26:00,200
Speaker 4: paid your. Cost but it appears that THE nba is

553
00:26:00,240 --> 00:26:02,960
Speaker 4: taking this. Position, WELL wnba, owners this is your. League

554
00:26:02,960 --> 00:26:04,320
Speaker 4: you pay, players and they're.

555
00:26:04,200 --> 00:26:07,640
Speaker 3: Like, well what are you. Paying you know you're going

556
00:26:07,680 --> 00:26:08,040
Speaker 3: to collect the.

557
00:26:08,080 --> 00:26:09,560
Speaker 4: Money you're collect the money without paying that's.

558
00:26:09,640 --> 00:26:13,720
Speaker 1: Ridiculous, yeah, essentially THE nba owners would get forty percent

559
00:26:13,720 --> 00:26:16,000
Speaker 1: of the league's revenue without paying any of the. Costs

560
00:26:16,040 --> 00:26:18,840
Speaker 1: and in that, CASE wnba players would never be paid

561
00:26:18,880 --> 00:26:21,640
Speaker 1: more than twenty one percent of league revenue because they're

562
00:26:21,680 --> 00:26:24,200
Speaker 1: always going to only get the percentage of THE wnba

563
00:26:24,280 --> 00:26:27,320
Speaker 1: owns cut into half and then. Divided so is that

564
00:26:27,640 --> 00:26:30,240
Speaker 1: complicated by the fact that there are more and MORE

565
00:26:30,480 --> 00:26:33,320
Speaker 1: nba owners in the. Game Lindsay gibbs wrote a great

566
00:26:33,320 --> 00:26:35,159
Speaker 1: piece about. This we talked about it previously on the

567
00:26:35,200 --> 00:26:38,320
Speaker 1: show that ultimately when you count the people double dipping

568
00:26:38,359 --> 00:26:42,200
Speaker 1: with the equity raise and ORIGINAL nba ownership and joining

569
00:26:42,280 --> 00:26:45,399
Speaker 1: as owners of expansion teams or existing teams THAT nba

570
00:26:45,520 --> 00:26:48,919
Speaker 1: related folks have more like sixty percent of the, league

571
00:26:48,960 --> 00:26:52,119
Speaker 1: does that complicate things more including as we continue to

572
00:26:52,160 --> 00:26:54,440
Speaker 1: see the cost of doing business go up in more

573
00:26:54,560 --> 00:26:56,119
Speaker 1: of those folks being the ones who want to get.

574
00:26:56,119 --> 00:26:57,760
Speaker 3: Involved, yeah it.

575
00:26:57,760 --> 00:27:02,640
Speaker 4: Does complicate things because you then HAVE nba owners who

576
00:27:02,760 --> 00:27:06,680
Speaker 4: ARE wnba. Owners so you have these different, camps, right

577
00:27:07,040 --> 00:27:09,360
Speaker 4: so you have THE wnb. Owners this is a very

578
00:27:09,359 --> 00:27:11,880
Speaker 4: weird labor, negotiation very different than we need the labor

579
00:27:11,880 --> 00:27:14,639
Speaker 4: negotiation looked, at because on one side of the, negotiation

580
00:27:14,960 --> 00:27:17,560
Speaker 4: you obviously have the players they want to get, paid

581
00:27:17,840 --> 00:27:20,399
Speaker 4: but THE wnba owners are on the side of the

582
00:27:20,400 --> 00:27:24,320
Speaker 4: players because they want THE nba to pay the. Players

583
00:27:24,800 --> 00:27:26,919
Speaker 4: and then you have THE nba owners who are, like,

584
00:27:27,200 --> 00:27:30,320
Speaker 4: no we're not paying the, players not our, league although

585
00:27:30,320 --> 00:27:31,840
Speaker 4: it is our, league but we're prettying it's not our.

586
00:27:31,920 --> 00:27:33,359
Speaker 4: League we just want to collect the revenue from this

587
00:27:33,440 --> 00:27:34,520
Speaker 4: league and we want you to sup.

588
00:27:34,640 --> 00:27:35,960
Speaker 2: And we're getting more and more involved every.

589
00:27:36,040 --> 00:27:38,399
Speaker 4: Day, yes, Yes and then you have these people in

590
00:27:38,440 --> 00:27:41,280
Speaker 4: the middle who are like in both camps arguing with, themselves,

591
00:27:41,359 --> 00:27:45,439
Speaker 4: going you're, right you should pay, That and then it

592
00:27:45,520 --> 00:27:47,600
Speaker 4: becomes very very confusing what's going.

593
00:27:47,640 --> 00:27:49,920
Speaker 3: On and you, know And.

594
00:27:49,880 --> 00:27:53,520
Speaker 4: I've talked to people in THE wnba and they're, like

595
00:27:53,560 --> 00:27:54,680
Speaker 4: do you know what the revenues?

596
00:27:54,720 --> 00:27:55,680
Speaker 3: Are do you know what's going?

597
00:27:55,720 --> 00:27:59,520
Speaker 1: On? No and they're, like it's very complicated because there's

598
00:27:59,560 --> 00:28:02,000
Speaker 1: not trans experiency around the, financials and because it's a

599
00:28:02,040 --> 00:28:06,080
Speaker 1: very complicated ownership, structure and because you have what appears

600
00:28:06,119 --> 00:28:10,879
Speaker 1: to be this kind of break between especially the less

601
00:28:10,960 --> 00:28:13,520
Speaker 1: wealthy w owners who have been around since the, beginning

602
00:28:13,560 --> 00:28:15,800
Speaker 1: who now want to profit off of this rocket ship,

603
00:28:15,840 --> 00:28:19,200
Speaker 1: growth who are almost at odds with the extremely WEALTHY

604
00:28:19,320 --> 00:28:22,560
Speaker 1: nba owners who are trying to profit off the most

605
00:28:22,600 --> 00:28:26,000
Speaker 1: recent years without having ever invested, early or who are

606
00:28:26,040 --> 00:28:28,800
Speaker 1: now trying, to to your, point take the revenue without

607
00:28:28,840 --> 00:28:31,119
Speaker 1: paying the. Costs so you co wrote a piece For

608
00:28:31,119 --> 00:28:33,399
Speaker 1: The New York times With Sarah chodosh called what it

609
00:28:33,440 --> 00:28:36,119
Speaker 1: would look like to PAY wnba players what they, deserve

610
00:28:36,160 --> 00:28:39,480
Speaker 1: and you argued that if THE wnba shared revenue like

611
00:28:39,520 --> 00:28:42,600
Speaker 1: THE nba, does the top salaries in the w would

612
00:28:42,600 --> 00:28:44,680
Speaker 1: be closer to four million. Dollars so tell us how

613
00:28:44,680 --> 00:28:46,520
Speaker 1: you got to that number instead of the eight hundred

614
00:28:46,520 --> 00:28:49,440
Speaker 1: and fifty thousand which we're hearing leaked as the current.

615
00:28:49,480 --> 00:28:53,480
Speaker 4: Proposal, yeah that's actually a pretty easy. Calculation so it's

616
00:28:53,640 --> 00:28:56,680
Speaker 4: it's we had three hundred million dollars in revenues last,

617
00:28:56,720 --> 00:29:01,240
Speaker 4: year is what we. Agen that's what allegedly Players, therefore

618
00:29:01,240 --> 00:29:07,440
Speaker 4: again one hundred and fifty. Million there's thirteen. Teams if you, say,

619
00:29:07,480 --> 00:29:09,640
Speaker 4: well thirteen teams paying out one hundred and fifty, million

620
00:29:09,640 --> 00:29:12,640
Speaker 4: that's like eleven million dollars per. Team THE nba does

621
00:29:13,080 --> 00:29:15,520
Speaker 4: does the maximum, deal where it's thirty five percent of

622
00:29:15,560 --> 00:29:17,960
Speaker 4: whatever the salary cap, is is the maximum thirty five

623
00:29:17,960 --> 00:29:20,040
Speaker 4: percent of eleven is like four so you get four,

624
00:29:20,080 --> 00:29:21,240
Speaker 4: million so you gotta pay four million.

625
00:29:21,240 --> 00:29:23,560
Speaker 3: Dollars, yeah, yeah that's what it comes out to.

626
00:29:23,560 --> 00:29:26,360
Speaker 4: Be so it's not very it's it's just falling with

627
00:29:26,400 --> 00:29:29,000
Speaker 4: the NBA's own logic how they pay their own, players

628
00:29:29,880 --> 00:29:32,840
Speaker 4: and an average, salary you, know would be a, million

629
00:29:33,280 --> 00:29:35,440
Speaker 4: not eight hundred and fifty. Thousand but that's again that's

630
00:29:35,480 --> 00:29:38,160
Speaker 4: if you if you use all the revenue to pay your,

631
00:29:38,160 --> 00:29:40,760
Speaker 4: workers which every other business, does.

632
00:29:41,560 --> 00:29:42,080
Speaker 3: That's how it.

633
00:29:42,160 --> 00:29:45,880
Speaker 1: Worked well right, now you do have to consider the

634
00:29:45,920 --> 00:29:48,520
Speaker 1: fact that the two highest paid coaches in the league

635
00:29:48,560 --> 00:29:50,720
Speaker 1: are making a million and a half or so dollars

636
00:29:50,800 --> 00:29:54,280
Speaker 1: while the players aren't making close to, that which also

637
00:29:54,320 --> 00:29:58,680
Speaker 1: feels so different from other sports leagues Where Lebron james

638
00:29:58,720 --> 00:30:02,000
Speaker 1: is never going to be making two thirds or half

639
00:30:02,080 --> 00:30:05,400
Speaker 1: of what his coach is. Making so it's very clear

640
00:30:05,440 --> 00:30:08,560
Speaker 1: they understand what it costs to be in this, business

641
00:30:08,800 --> 00:30:11,720
Speaker 1: how much money is going into, facilities how much money

642
00:30:11,800 --> 00:30:14,240
Speaker 1: is going into, coaching how much money they're gonna get

643
00:30:14,240 --> 00:30:16,600
Speaker 1: out OF tv, rights and yet somehow it still never

644
00:30:16,680 --> 00:30:17,200
Speaker 1: gets to the.

645
00:30:17,200 --> 00:30:21,520
Speaker 4: Players, Yeahs and that's very bizarre because no other sports

646
00:30:21,560 --> 00:30:25,120
Speaker 4: team other than in college where obviously they don't let

647
00:30:25,120 --> 00:30:28,360
Speaker 4: them pay the. Players wouldever pay their coach more than the.

648
00:30:28,360 --> 00:30:32,600
Speaker 4: Players obviously you know this as A bears. Fan it

649
00:30:32,640 --> 00:30:34,440
Speaker 4: doesn't make it to first of the. Coaches it only

650
00:30:34,440 --> 00:30:37,080
Speaker 4: matters who the players. Are no coach is going To transwich.

651
00:30:37,160 --> 00:30:41,000
Speaker 1: PLAYERS i disagree Because Ben johnson has us at three

652
00:30:41,040 --> 00:30:44,400
Speaker 1: wins in a, row fight back from, adversity.

653
00:30:43,880 --> 00:30:44,600
Speaker 2: Make a good play.

654
00:30:44,640 --> 00:30:44,920
Speaker 3: Code.

655
00:30:45,200 --> 00:30:47,440
Speaker 1: NO i think the coaches matter a, ton and we

656
00:30:47,520 --> 00:30:49,920
Speaker 1: saw in the w this year the adjustments made By

657
00:30:49,960 --> 00:30:52,840
Speaker 1: Becky hammon made all the. Difference i'm not disparaging coaches

658
00:30:53,000 --> 00:30:56,560
Speaker 1: getting paid what they. Should the point is they clearly

659
00:30:56,720 --> 00:30:59,960
Speaker 1: understand what they need to pay to get that coach

660
00:31:00,240 --> 00:31:03,400
Speaker 1: on the, sideline and yet they will not do the

661
00:31:03,440 --> 00:31:06,320
Speaker 1: same to get that player on the court because right

662
00:31:06,320 --> 00:31:08,760
Speaker 1: now they have leverage because there is there aren't that

663
00:31:08,800 --> 00:31:10,320
Speaker 1: many other places for them to.

664
00:31:10,360 --> 00:31:13,440
Speaker 4: Play, Right, well if THE wnba paid the coaches and

665
00:31:13,440 --> 00:31:15,880
Speaker 4: players what they're supposed to, Pay Asia wilson gets four

666
00:31:15,920 --> 00:31:18,040
Speaker 4: million And Becky hammond gets one, million because we all

667
00:31:18,080 --> 00:31:20,200
Speaker 4: know Without Asia wilson you're not winning any.

668
00:31:20,240 --> 00:31:22,320
Speaker 3: TITLE i don't care what adjustments you're, making so.

669
00:31:24,360 --> 00:31:26,200
Speaker 4: Out of, there What's Becky hamm't gonna, say, well if

670
00:31:26,200 --> 00:31:28,040
Speaker 4: age was, here she would just. Score so when if

671
00:31:28,080 --> 00:31:31,760
Speaker 4: you do, that, yes, yes exactly, right you, know and

672
00:31:31,760 --> 00:31:34,960
Speaker 4: so that doesn't Exactly the, coaches when if they're honest with,

673
00:31:35,000 --> 00:31:37,320
Speaker 4: you they will always tell you that there's a limit

674
00:31:37,360 --> 00:31:40,680
Speaker 4: to WHAT i can. DO i CAN'T i can't transform

675
00:31:40,720 --> 00:31:43,600
Speaker 4: somebody who's not any good into being good by just,

676
00:31:43,640 --> 00:31:46,200
Speaker 4: saying you, know why don't you just do what this

677
00:31:46,320 --> 00:31:47,360
Speaker 4: amazing person.

678
00:31:47,160 --> 00:31:49,880
Speaker 2: Does you harder jump, Hires.

679
00:31:49,680 --> 00:31:50,880
Speaker 3: Yes, yes you.

680
00:31:50,920 --> 00:31:53,960
Speaker 4: Know i'm sure every coach Throughout Lebron james's career on

681
00:31:54,000 --> 00:31:55,760
Speaker 4: the other, side, said you, KNOW i thought about. It

682
00:31:55,760 --> 00:31:57,360
Speaker 4: if we all Stop, lebron we'd win this.

683
00:31:57,400 --> 00:31:58,120
Speaker 3: Game so why do you do?

684
00:31:58,200 --> 00:32:02,960
Speaker 1: That my last question for you as an, economist as a,

685
00:32:03,040 --> 00:32:07,600
Speaker 1: writer you have had to over decades tell a story using,

686
00:32:07,680 --> 00:32:11,440
Speaker 1: numbers or tell a story about the numbers to convince

687
00:32:11,520 --> 00:32:13,960
Speaker 1: people of whatever it is you're trying to teach, them

688
00:32:14,000 --> 00:32:17,760
Speaker 1: whatever it is you're trying to. Sell so how would

689
00:32:17,800 --> 00:32:21,000
Speaker 1: you dilute everything that you studied for That New York times,

690
00:32:21,000 --> 00:32:23,760
Speaker 1: piece everything we talked about it to the kind of

691
00:32:23,880 --> 00:32:26,600
Speaker 1: messaging that we'll get through to people who hear four

692
00:32:26,600 --> 00:32:28,880
Speaker 1: million dollars Per Asia wilson and, say but the league

693
00:32:28,920 --> 00:32:32,400
Speaker 1: has been losing money every. Year this league lost fifty million.

694
00:32:32,440 --> 00:32:35,160
Speaker 1: Dollar how could you pay players a percentage of? Zero

695
00:32:35,760 --> 00:32:41,160
Speaker 1: that repeated thing over and over that stems from this completely, misogynous,

696
00:32:41,160 --> 00:32:45,400
Speaker 1: patriarchal completely tainted well of information that's been in existence

697
00:32:45,600 --> 00:32:48,160
Speaker 1: since THE wnba. Began how do you counteract? That what's

698
00:32:48,160 --> 00:32:49,960
Speaker 1: your messaging for why they deserve what they're asking.

699
00:32:50,000 --> 00:32:52,320
Speaker 4: For, yeah it's it's really hard Because i've been trying

700
00:32:52,320 --> 00:32:56,680
Speaker 4: to do it for years and it's really. Hard so

701
00:32:56,880 --> 00:32:59,160
Speaker 4: there's a lot of different Ways i've attacked. It one, Is,

702
00:32:59,280 --> 00:33:01,840
Speaker 4: okay you heard THE wnba doesn't make a. Profit THE

703
00:33:01,960 --> 00:33:04,200
Speaker 4: nba has been told us they never made a. Profit

704
00:33:04,320 --> 00:33:06,480
Speaker 4: so that's the same source telling you that you don't

705
00:33:06,480 --> 00:33:08,280
Speaker 4: believe THE nba is telling truth about THE.

706
00:33:08,360 --> 00:33:09,600
Speaker 3: Nba why do you believe about THE.

707
00:33:09,720 --> 00:33:15,520
Speaker 4: Wnba, secondly people have, said, well there's these phenomenally huge operating. Costs, Okay,

708
00:33:15,600 --> 00:33:18,320
Speaker 4: well in twenty, nineteen we know revenue was around one hundred,

709
00:33:18,360 --> 00:33:20,560
Speaker 4: million and THE wnba said they lost ten, Million so

710
00:33:20,560 --> 00:33:22,920
Speaker 4: that's one hundred and ten. Million now their revenue is

711
00:33:22,920 --> 00:33:24,640
Speaker 4: three hundred. Million it's going to be five hundred. Million

712
00:33:24,760 --> 00:33:26,400
Speaker 4: what do you think is happening to the operating? Costs

713
00:33:26,400 --> 00:33:28,720
Speaker 4: what do you think they're paving the courts in gold

714
00:33:28,840 --> 00:33:30,440
Speaker 4: or they're heating the offices with dollar.

715
00:33:30,520 --> 00:33:31,760
Speaker 3: Bills that's.

716
00:33:31,840 --> 00:33:34,400
Speaker 4: Ridiculous it can't be the operating costs are going up

717
00:33:34,440 --> 00:33:38,560
Speaker 4: that incredibly. Fast that doesn't make any. Sense so there

718
00:33:38,640 --> 00:33:42,040
Speaker 4: is that. Story and, third it's just basic. Economics workers

719
00:33:42,040 --> 00:33:45,160
Speaker 4: are paid out of. Revenue it is not whoever job you,

720
00:33:45,280 --> 00:33:47,200
Speaker 4: have they're not paying you out of the. Profits the

721
00:33:47,240 --> 00:33:50,000
Speaker 4: profits are the wages to the. Owner it's what they

722
00:33:50,040 --> 00:33:52,960
Speaker 4: get after they pay the. Workers wages come out of.

723
00:33:52,960 --> 00:33:55,200
Speaker 4: Revenue and if it is the case that you firmly

724
00:33:55,240 --> 00:33:57,200
Speaker 4: believe THAT i don't have to pay, you IF i

725
00:33:57,280 --> 00:33:59,239
Speaker 4: just tell you That i'm not making any, money then

726
00:33:59,280 --> 00:34:01,480
Speaker 4: whoever is paid paying you a paycheck right now should

727
00:34:01,480 --> 00:34:04,280
Speaker 4: come to you right now and tell YOU i can't pay.

728
00:34:04,320 --> 00:34:05,560
Speaker 3: You i'm, SORRY i didn't make any.

729
00:34:05,600 --> 00:34:07,960
Speaker 4: Money they should just tell you that every day of your,

730
00:34:08,000 --> 00:34:10,120
Speaker 4: life and you should show up to work for free

731
00:34:10,400 --> 00:34:11,520
Speaker 4: and at the end of the, week go DO i

732
00:34:11,520 --> 00:34:14,799
Speaker 4: get a paycheck this? Week i'm? Sorry looked, again still

733
00:34:14,840 --> 00:34:17,960
Speaker 4: not making. Money i'm. Sorry IF i ever make, money at,

734
00:34:17,960 --> 00:34:21,560
Speaker 4: This i'll be sure to pay. You i'm so, sorry

735
00:34:22,000 --> 00:34:24,640
Speaker 4: because that is if you believe that you're the most

736
00:34:24,640 --> 00:34:25,560
Speaker 4: goible person on.

737
00:34:25,520 --> 00:34:26,640
Speaker 3: The, planet that is totally.

738
00:34:26,719 --> 00:34:29,520
Speaker 4: Ridiculous they have every insidive to tell this story and

739
00:34:29,600 --> 00:34:31,520
Speaker 4: you should not be that. Goible and the reason why

740
00:34:31,560 --> 00:34:34,280
Speaker 4: you're this goible is, because again going back to our original,

741
00:34:34,320 --> 00:34:36,960
Speaker 4: point you firmly believe women's sports are different than mensports

742
00:34:36,960 --> 00:34:39,200
Speaker 4: and that you don't pay this whatever be retable.

743
00:34:39,280 --> 00:34:41,560
Speaker 1: Right, Well and the last ONE i think that we've

744
00:34:41,600 --> 00:34:44,440
Speaker 1: got to add to the storytelling and messaging from the

745
00:34:44,520 --> 00:34:47,719
Speaker 1: last couple of years is why would billionaire owners OF

746
00:34:47,920 --> 00:34:52,040
Speaker 1: nba teams be fighting to get into a terrible business

747
00:34:52,040 --> 00:34:53,840
Speaker 1: that isn't making money and won't.

748
00:34:53,640 --> 00:34:54,480
Speaker 2: Be making money in the.

749
00:34:54,480 --> 00:34:56,759
Speaker 1: Future if you really believe the products so, bad why

750
00:34:56,840 --> 00:35:00,120
Speaker 1: is everybody battling to get in on? It And i'm

751
00:35:00,200 --> 00:35:02,719
Speaker 1: to take all that, messaging And i'm not taking it

752
00:35:02,719 --> 00:35:05,040
Speaker 1: into the comments because the comments are full of bots

753
00:35:05,040 --> 00:35:07,200
Speaker 1: and assholes and they're not worth my. Time BUT i

754
00:35:07,239 --> 00:35:09,719
Speaker 1: will take it into meaningful conversations with people who are

755
00:35:09,719 --> 00:35:10,840
Speaker 1: actually invested.

756
00:35:10,440 --> 00:35:13,120
Speaker 2: In understanding what's going. On ye IF i can just

757
00:35:13,200 --> 00:35:16,239
Speaker 2: find Some, david thank you so much as.

758
00:35:16,280 --> 00:35:18,879
Speaker 1: ALWAYS i mean, LITERALLY i have been looking to you

759
00:35:19,520 --> 00:35:24,759
Speaker 1: for over a decade for the, informed data, filled researched

760
00:35:24,840 --> 00:35:27,920
Speaker 1: information that you, present because we all know that that's the,

761
00:35:27,960 --> 00:35:30,560
Speaker 1: truth and it's just just hard to get through to some.

762
00:35:30,560 --> 00:35:32,440
Speaker 1: People and apparently some of those people are the very

763
00:35:32,440 --> 00:35:34,799
Speaker 1: people running THE, wnba which is a.

764
00:35:34,840 --> 00:35:35,080
Speaker 2: Shame.

765
00:35:35,600 --> 00:35:37,799
Speaker 4: Ye you can only slay the, trolls you can't talk to.

766
00:35:37,840 --> 00:35:39,800
Speaker 4: THEM i, never that's not the title of the. Books

767
00:35:39,880 --> 00:35:43,319
Speaker 4: not talk to the. Trolls you're even. Slay you don't

768
00:35:43,320 --> 00:35:44,839
Speaker 4: know that you've been slay BUT i can't help.

769
00:35:44,880 --> 00:35:50,640
Speaker 2: You, yeah now you, did move. On thank, You, david appreciate.

770
00:35:50,680 --> 00:35:56,080
Speaker 1: It thanks again To david for taking the. TIME i

771
00:35:56,200 --> 00:35:58,200
Speaker 1: learned a. LOT i hope you did. Too we got

772
00:35:58,239 --> 00:36:00,759
Speaker 1: to take another break when we come, back a new

773
00:36:00,880 --> 00:36:01,520
Speaker 1: kind of golf.

774
00:36:01,560 --> 00:36:07,399
Speaker 2: Hazard welcome back.

775
00:36:07,440 --> 00:36:09,400
Speaker 1: Slices we love that you're, listening but we want you

776
00:36:09,440 --> 00:36:10,399
Speaker 1: to get in the game every day.

777
00:36:10,400 --> 00:36:12,120
Speaker 2: Too so here's our good game play of the.

778
00:36:12,160 --> 00:36:15,239
Speaker 1: Day Follow david on social media and pick up a

779
00:36:15,280 --> 00:36:17,160
Speaker 1: copy of one of his. Books we'll link to his

780
00:36:17,200 --> 00:36:20,319
Speaker 1: website and his social media in the show, notes and

781
00:36:20,360 --> 00:36:22,520
Speaker 1: maybe take a moment to remember a few greats that

782
00:36:22,560 --> 00:36:25,560
Speaker 1: we've lost in the last few. Weeks listen To DiAngelo's

783
00:36:25,600 --> 00:36:28,560
Speaker 1: Hot Does It? Feel Or Brown, Sugar Watch Diane keaton

784
00:36:28,600 --> 00:36:30,840
Speaker 1: And Something's got To Give Annie hall or one of

785
00:36:30,840 --> 00:36:34,480
Speaker 1: my faves as a, Kid Baby, boom and read up

786
00:36:34,480 --> 00:36:37,240
Speaker 1: on the amazing life Of Jane, goodall one of my personal.

787
00:36:37,239 --> 00:36:41,040
Speaker 1: Heroes go watch her interview For Netflix's Famous Last, words in.

788
00:36:41,000 --> 00:36:43,480
Speaker 2: Which she, said in part, QUOTE i want.

789
00:36:43,320 --> 00:36:45,360
Speaker 1: You to understand that we are part of the natural,

790
00:36:45,360 --> 00:36:48,120
Speaker 1: world and even, today when the planet is, dark there's

791
00:36:48,120 --> 00:36:50,640
Speaker 1: still is. Hope you have it in your power to

792
00:36:50,680 --> 00:36:54,040
Speaker 1: make a. Difference don't give. Up there is a future for.

793
00:36:54,120 --> 00:36:56,880
Speaker 1: You do your best while you're still on this beautiful

794
00:36:56,920 --> 00:36:59,440
Speaker 1: Planet earth THAT i look down upon from WHERE i.

795
00:36:59,400 --> 00:37:00,360
Speaker 2: Am now end.

796
00:37:00,440 --> 00:37:04,000
Speaker 1: Quote in the WORLD i WISH i lived, in we

797
00:37:04,040 --> 00:37:07,160
Speaker 1: would have flown the flag half mass For. Jane we

798
00:37:07,200 --> 00:37:08,960
Speaker 1: always love to hear from. You hit us up on,

799
00:37:09,040 --> 00:37:12,120
Speaker 1: email good game at wondermedianetwork dot, com or leave us

800
00:37:12,120 --> 00:37:15,200
Speaker 1: a voicemail at eight seven two two four fifty, seventy

801
00:37:15,680 --> 00:37:18,919
Speaker 1: and don't forget to, subscribe rate and review. Slices it's.

802
00:37:18,960 --> 00:37:25,719
Speaker 1: Easy watch More Albatross's Fewer catfishes rating ten out of

803
00:37:25,760 --> 00:37:29,560
Speaker 1: Ten New ways To hate The internet. REVIEW a recent

804
00:37:29,680 --> 00:37:31,799
Speaker 1: article In The New York times By Carson kessler And

805
00:37:31,840 --> 00:37:36,600
Speaker 1: Gabby herzig details a new catfishing scheme involving the LPGA's top.

806
00:37:36,640 --> 00:37:39,520
Speaker 1: Players now it's not limited to female, golfers but the

807
00:37:39,520 --> 00:37:42,560
Speaker 1: space has become a particularly ripe one for this particular.

808
00:37:42,600 --> 00:37:46,319
Speaker 1: Scam the gist of it accounts identify fans of the

809
00:37:46,320 --> 00:37:49,520
Speaker 1: tour's top, athletes reach out to them directly impersonating a,

810
00:37:49,520 --> 00:37:53,080
Speaker 1: player quickly move the conversation to another, platform and then

811
00:37:53,120 --> 00:37:57,120
Speaker 1: begin requesting payment for things LIKE vip, experiences a private,

812
00:37:57,120 --> 00:37:59,279
Speaker 1: dinner special access at a tour, event and.

813
00:37:59,360 --> 00:38:02,160
Speaker 2: More some even USE ai altered.

814
00:38:01,880 --> 00:38:04,680
Speaker 1: Videos to speak directly to the, fan using his or

815
00:38:04,760 --> 00:38:07,680
Speaker 1: her name to prove that they're. Real fans have lost

816
00:38:07,840 --> 00:38:10,719
Speaker 1: thousands of, dollars and sometimes they continue to blame the

817
00:38:10,760 --> 00:38:13,719
Speaker 1: athlete for their losses even after being told that they were.

818
00:38:13,760 --> 00:38:17,400
Speaker 1: Scammed golfers Like Charlie, Hall Lexi, thompson And Nelly korda

819
00:38:17,680 --> 00:38:19,840
Speaker 1: have all had to post warnings to their, followers And

820
00:38:19,960 --> 00:38:22,040
Speaker 1: corda pinned a note to the top of Her instagram

821
00:38:22,120 --> 00:38:24,719
Speaker 1: saying she can't communicate freely with fans anymore because she

822
00:38:24,760 --> 00:38:25,319
Speaker 1: doesn't know their.

823
00:38:25,360 --> 00:38:28,799
Speaker 2: Intentions so. Slices if you've got a dinner.

824
00:38:28,560 --> 00:38:31,080
Speaker 1: On the books With Lydia, coe or if you're investing

825
00:38:31,080 --> 00:38:33,959
Speaker 1: in a great new company founded By michelle We, west

826
00:38:34,360 --> 00:38:37,040
Speaker 1: no you're. Not you can check out the story via

827
00:38:37,040 --> 00:38:39,000
Speaker 1: the link in our show. Notes and to cleanse your

828
00:38:39,040 --> 00:38:41,800
Speaker 1: palette of, catfish you can check out a sick Mingy

829
00:38:41,880 --> 00:38:44,319
Speaker 1: lee albatross from back in twenty sixteen in the show

830
00:38:44,320 --> 00:38:47,960
Speaker 1: notes as. Well And albatross is a rare score of

831
00:38:48,000 --> 00:38:51,560
Speaker 1: three strokes under par on a single. Hole now it's your, turn,

832
00:38:51,640 --> 00:38:54,160
Speaker 1: y'all rate and. Review come, on go down to those.

833
00:38:54,200 --> 00:38:57,120
Speaker 1: Stars select, five tell us you love, Us thanks for,

834
00:38:57,160 --> 00:38:57,960
Speaker 1: Listening see you.

835
00:38:58,000 --> 00:38:59,839
Speaker 2: Tomorrow good, Game, David Good.

836
00:39:00,080 --> 00:39:04,920
Speaker 1: Game Lou barnes h calculus and trigonometry and algebra and

837
00:39:04,960 --> 00:39:06,279
Speaker 1: basically numbers of any.

838
00:39:06,360 --> 00:39:08,560
Speaker 2: Kind you are not my. Friends i'm friends with.

839
00:39:08,640 --> 00:39:15,040
Speaker 1: Words Good game With Sarah spain is An iHeart women's

840
00:39:15,040 --> 00:39:18,160
Speaker 1: sports production in partnership With Deep Blue sports And. Entertainment

841
00:39:18,440 --> 00:39:21,200
Speaker 1: you can find us on The iHeartRadio, App Apple, podcasts

842
00:39:21,239 --> 00:39:21,880
Speaker 1: or wherever.

843
00:39:21,640 --> 00:39:22,040
Speaker 2: You get your.

844
00:39:22,040 --> 00:39:25,800
Speaker 1: Podcasts production By Wonder Media, network our producers Are Alex

845
00:39:25,880 --> 00:39:29,840
Speaker 1: Azzie Grace, Lynch Taylor williamson And Lucy. Jones our executive

846
00:39:29,840 --> 00:39:33,320
Speaker 1: producers Are Christina, Everett Jesse, Katz Jenny kaplan And Emily.

847
00:39:33,400 --> 00:39:36,960
Speaker 1: Rudder our editors Are Emily, Rudder Britney martinez And Gianna.

848
00:39:37,000 --> 00:39:40,800
Speaker 1: Palmer production assistants From AVERY loftus And I'm Your Host

849
00:39:41,000 --> 00:39:41,640
Speaker 1: Sarah spain