1
00:00:03,400 --> 00:00:06,400
Speaker 1: Senior contributor to Forbes, Mary brown Back on the show, Maury.

2
00:00:06,440 --> 00:00:08,200
Speaker 1: It's great to see you, and we love the work

3
00:00:08,240 --> 00:00:10,960
Speaker 1: that you're doing overall covering the business at baseball, but

4
00:00:11,039 --> 00:00:12,760
Speaker 1: we wanted to focus at least for a few minutes

5
00:00:12,760 --> 00:00:15,960
Speaker 1: here on the Dodgers, So thanks for joining us. And

6
00:00:16,040 --> 00:00:17,959
Speaker 1: I think a big story that actually broke on the

7
00:00:17,960 --> 00:00:20,960
Speaker 1: business side of baseball this week was how the Dodgers

8
00:00:21,120 --> 00:00:25,480
Speaker 1: are somewhat unfairly keeping more of the revenue sharing money.

9
00:00:25,520 --> 00:00:28,600
Speaker 1: Not legally unfairly, but when you look at the scope

10
00:00:28,680 --> 00:00:30,880
Speaker 1: of the league. I'll let you take it away because

11
00:00:30,880 --> 00:00:32,680
Speaker 1: you're smarter than me at explaining this stuff.

12
00:00:33,840 --> 00:00:34,160
Speaker 2: Yeah.

13
00:00:34,200 --> 00:00:35,800
Speaker 3: So this is a bit of a back to the

14
00:00:35,840 --> 00:00:38,400
Speaker 3: future story. I mean, it's actually something that's been around

15
00:00:38,440 --> 00:00:43,040
Speaker 3: since twenty twelve. It's resurfaced recently. But basically what happened,

16
00:00:43,040 --> 00:00:47,280
Speaker 3: guys was that when the Dodgers were involved in bankruptcy,

17
00:00:47,320 --> 00:00:50,240
Speaker 3: which is when you think about that now, it's shocking

18
00:00:50,320 --> 00:00:53,160
Speaker 3: in and of itself, But the Dodgers weren't a bankruptcy case, right,

19
00:00:53,680 --> 00:00:57,680
Speaker 3: But when Scott when Frank McCourt owned the club, he

20
00:00:57,800 --> 00:01:01,640
Speaker 3: tried to sell the media rights to be part of

21
00:01:01,640 --> 00:01:02,600
Speaker 3: his divorce settlement.

22
00:01:02,720 --> 00:01:04,480
Speaker 2: Bud Selig stepped in and said.

23
00:01:04,480 --> 00:01:06,840
Speaker 3: No way, do not do that, and we're not going

24
00:01:06,880 --> 00:01:08,720
Speaker 3: to allow that in the best interests of baseball. And

25
00:01:08,800 --> 00:01:13,280
Speaker 3: it went into a court appointed sale. And when that happened,

26
00:01:13,280 --> 00:01:15,960
Speaker 3: there was no regional sports network to speak of yet

27
00:01:16,000 --> 00:01:21,199
Speaker 3: for the Dodgers, right, so we have no situation which

28
00:01:21,200 --> 00:01:21,960
Speaker 3: we have now.

29
00:01:22,480 --> 00:01:23,520
Speaker 2: So at the time what.

30
00:01:23,480 --> 00:01:25,399
Speaker 3: They did was they said, the court said, well, what

31
00:01:25,440 --> 00:01:27,479
Speaker 3: do you think when you guys go into this regional

32
00:01:27,560 --> 00:01:30,600
Speaker 3: sports network thing, what do you think the fair market

33
00:01:30,680 --> 00:01:33,600
Speaker 3: value is going to be? So they projected that out

34
00:01:33,640 --> 00:01:36,080
Speaker 3: and they said somewhere in the neighborhood of around eighty

35
00:01:36,160 --> 00:01:40,920
Speaker 3: four million dollars a year. Well, that was grossly misunderstated,

36
00:01:40,959 --> 00:01:43,959
Speaker 3: but got into the court proceedings on how much the

37
00:01:44,080 --> 00:01:47,200
Speaker 3: value of the club would be. That made a determination

38
00:01:47,440 --> 00:01:50,720
Speaker 3: for when Guggenheim purchased it. They said, yeah, that's what

39
00:01:50,800 --> 00:01:52,920
Speaker 3: you guys said it was going to be. That's what

40
00:01:52,960 --> 00:01:54,760
Speaker 3: we think it's going to be. That was a big

41
00:01:54,800 --> 00:01:57,400
Speaker 3: determination into what we did when we purchased a club

42
00:01:57,960 --> 00:01:58,800
Speaker 3: for two.

43
00:01:58,600 --> 00:01:59,760
Speaker 2: Billion in change. Right.

44
00:02:00,320 --> 00:02:04,600
Speaker 3: Well, lo and behold what happened. They worked with Time Warner.

45
00:02:05,160 --> 00:02:08,680
Speaker 3: They partnered on what was what is now Spectrum LA

46
00:02:09,680 --> 00:02:13,079
Speaker 3: and that became, of course, an eight point three five

47
00:02:13,120 --> 00:02:17,079
Speaker 3: billion dollar meteorites deal. Well, the court said it was

48
00:02:17,120 --> 00:02:20,079
Speaker 3: supposed to be eighty four million dollars a year. The

49
00:02:20,160 --> 00:02:22,920
Speaker 3: average annual value, as reported by the LA Times was

50
00:02:23,320 --> 00:02:27,080
Speaker 3: is three hundred and thirty four million annually, not eighty

51
00:02:27,120 --> 00:02:28,799
Speaker 3: four million annually.

52
00:02:29,200 --> 00:02:30,440
Speaker 2: So they stuck with that.

53
00:02:31,240 --> 00:02:33,839
Speaker 3: The League, of course, was very unhappy about this, as

54
00:02:33,880 --> 00:02:38,160
Speaker 3: were I'm sure twenty nine other owners. So the League

55
00:02:38,200 --> 00:02:40,600
Speaker 3: went back to them and said, look, you know this,

56
00:02:40,600 --> 00:02:43,120
Speaker 3: this is just not right. They're gonna, you know, we

57
00:02:43,440 --> 00:02:45,960
Speaker 3: got to do something about this. The Dodgers said, we

58
00:02:45,960 --> 00:02:48,200
Speaker 3: would have never gone into this purchase if we had

59
00:02:48,240 --> 00:02:49,919
Speaker 3: thought that that's how much it was going to be.

60
00:02:50,880 --> 00:02:53,800
Speaker 3: So they they got it bumped up to about one

61
00:02:53,880 --> 00:02:57,480
Speaker 3: hundred and sixty million dollars, which last time I checked, guys,

62
00:02:57,560 --> 00:03:01,720
Speaker 3: is less. You know it, there's three hundred and thirty

63
00:03:01,760 --> 00:03:04,360
Speaker 3: four million dollars annually on your AAV and there's one

64
00:03:04,440 --> 00:03:07,519
Speaker 3: hundred and sixty million, and that's a wide disparent thing.

65
00:03:08,680 --> 00:03:11,040
Speaker 2: So that's where we're at now.

66
00:03:11,120 --> 00:03:15,880
Speaker 3: Look, the numbers that myself and others have looked at

67
00:03:16,120 --> 00:03:19,680
Speaker 3: was about a six billion dollar dodge, right. I mean,

68
00:03:19,680 --> 00:03:22,400
Speaker 3: it's not that they're paying six million dollars in revenue sharing.

69
00:03:22,440 --> 00:03:25,239
Speaker 3: It's that that amount of money does not get allocated

70
00:03:25,280 --> 00:03:26,080
Speaker 3: to revenue sharing.

71
00:03:26,560 --> 00:03:28,400
Speaker 2: I've been told, as.

72
00:03:28,320 --> 00:03:33,320
Speaker 3: Have others, that that number is grossly overstated. What it

73
00:03:33,520 --> 00:03:37,120
Speaker 3: is they won't say, But I think the bottom line, guys,

74
00:03:37,200 --> 00:03:39,200
Speaker 3: is the one thing that you can know for certain

75
00:03:39,240 --> 00:03:43,600
Speaker 3: here is they're not paying the full amount that others

76
00:03:43,640 --> 00:03:46,800
Speaker 3: would normally do. And so again, I think that the

77
00:03:46,880 --> 00:03:50,880
Speaker 3: key factor in all of this is that it wasn't

78
00:03:50,880 --> 00:03:53,960
Speaker 3: Major League Baseball's doing. This has to do with how

79
00:03:54,000 --> 00:04:00,760
Speaker 3: Frank McCourt had driven the Dodgers into bankruptcy, and yeah,

80
00:04:00,800 --> 00:04:03,240
Speaker 3: and then that how it became a quarter pointed deal

81
00:04:03,280 --> 00:04:04,560
Speaker 3: and how that got locked in.

82
00:04:05,720 --> 00:04:08,440
Speaker 4: If we opened the books, if you were able to

83
00:04:08,480 --> 00:04:11,640
Speaker 4: look at the books for not just the Dodgers but

84
00:04:11,920 --> 00:04:15,600
Speaker 4: baseball teams, what would be the first thing you would

85
00:04:15,600 --> 00:04:17,919
Speaker 4: look at? Because we hear all about the cap, we

86
00:04:18,000 --> 00:04:20,120
Speaker 4: hear all about this stuff, and players say, okay, well

87
00:04:20,160 --> 00:04:23,359
Speaker 4: open your books. If everything's going poorly, what would you

88
00:04:23,440 --> 00:04:27,239
Speaker 4: look at to make this a fair level across the board,

89
00:04:27,240 --> 00:04:28,640
Speaker 4: which is what I think fans won.

90
00:04:29,839 --> 00:04:31,800
Speaker 3: Yeah, I think the biggest thing, right, I mean there's

91
00:04:31,839 --> 00:04:34,640
Speaker 3: a number of things. There's contract appreciation and a bunch

92
00:04:34,680 --> 00:04:38,839
Speaker 3: of technical minutia that gets played out into that, you know,

93
00:04:39,880 --> 00:04:42,760
Speaker 3: maintenance on your ballpark, all kinds of stuff, But I

94
00:04:42,760 --> 00:04:49,080
Speaker 3: think that the biggest thing would be how they're basically

95
00:04:49,760 --> 00:04:54,800
Speaker 3: formulating any outside stuff. I mean, again, regional sports networks

96
00:04:54,800 --> 00:04:58,960
Speaker 3: are traditionally not counted as part of revenue, but if

97
00:04:59,000 --> 00:05:02,479
Speaker 3: you own it, you're obviously one hand is paying the other.

98
00:05:03,200 --> 00:05:05,279
Speaker 3: So I think it would be interesting to look at.

99
00:05:05,440 --> 00:05:07,239
Speaker 3: I mean we see this a bit with the Braves

100
00:05:07,320 --> 00:05:09,720
Speaker 3: right where they have their public disclosure on how much

101
00:05:09,760 --> 00:05:12,159
Speaker 3: the battery is. I think it would be interesting to

102
00:05:12,279 --> 00:05:16,520
Speaker 3: understand exactly what their revenue input is, what their true

103
00:05:16,600 --> 00:05:20,920
Speaker 3: costs are, and the percentage of how much of that

104
00:05:21,640 --> 00:05:24,760
Speaker 3: is going to pay for the players. It's been hanging around,

105
00:05:25,320 --> 00:05:28,120
Speaker 3: you know, anyway, from like forty eight percent fifty percent

106
00:05:28,960 --> 00:05:33,640
Speaker 3: of costs are around the players, right. But again I

107
00:05:33,680 --> 00:05:36,120
Speaker 3: think that that's, of course, that's an aggregate. I mean,

108
00:05:36,240 --> 00:05:39,400
Speaker 3: how much other clubs spend are there If you looked

109
00:05:39,440 --> 00:05:42,839
Speaker 3: at the pirates books, they would be widely disparate of

110
00:05:42,880 --> 00:05:46,000
Speaker 3: what we see in terms of what let's say the

111
00:05:46,040 --> 00:05:48,840
Speaker 3: Dodgers do. It'd be interesting, I think, to see all

112
00:05:48,880 --> 00:05:52,560
Speaker 3: the different revenue sources that all these clubs have, and

113
00:05:52,640 --> 00:05:55,080
Speaker 3: again what some of the have nots have and what

114
00:05:55,520 --> 00:05:58,800
Speaker 3: obviously clubs like the Dodgers, Yankees, Red Sox Cubs have.

115
00:06:00,720 --> 00:06:03,039
Speaker 4: If you're looking to get your food routine down at home,

116
00:06:03,520 --> 00:06:07,080
Speaker 4: you need to add some premium protein from Omaha Steaks.

117
00:06:07,360 --> 00:06:11,760
Speaker 1: That's right, It's Steaks. The Fila Mignon is incredible, crats.

118
00:06:11,800 --> 00:06:15,240
Speaker 1: I've had the chicken, I've had the shrimp cocktail. We

119
00:06:15,320 --> 00:06:18,200
Speaker 1: both love the burgers very much. And there's a way

120
00:06:18,240 --> 00:06:21,520
Speaker 1: to save a little money on your order, so you

121
00:06:21,560 --> 00:06:25,159
Speaker 1: can go to Omaha Steaks dot com promo code is

122
00:06:25,360 --> 00:06:28,559
Speaker 1: foul at checkout to get yourself an extra thirty five

123
00:06:28,800 --> 00:06:29,599
Speaker 1: dollars off.

124
00:06:30,640 --> 00:06:33,800
Speaker 4: The fan favorite filet mignon has earned the coveted distinction

125
00:06:33,960 --> 00:06:37,960
Speaker 4: of the USDA certified Very Tender. A family owned company

126
00:06:37,960 --> 00:06:41,560
Speaker 4: with over one hundred years of expertise in the meat industry.

127
00:06:41,720 --> 00:06:45,679
Speaker 1: Let Omaha Steaks deliver high quality proteins right to your door.

128
00:06:45,920 --> 00:06:48,120
Speaker 1: Visit Omaha Steaks dot com and get an extra thirty

129
00:06:48,120 --> 00:06:50,800
Speaker 1: five dollars off with promo code foul at checkout. That's

130
00:06:51,160 --> 00:06:57,839
Speaker 1: Omaha Steaks dot Com promo code foul terms apply.

131
00:06:58,320 --> 00:06:59,720
Speaker 2: See site for details.

132
00:07:01,040 --> 00:07:04,040
Speaker 5: Mari, that's always what I say. I say, open your

133
00:07:04,040 --> 00:07:08,000
Speaker 5: books fully and we'll see. But teams are smart, they

134
00:07:08,120 --> 00:07:11,920
Speaker 5: know we lost because we always I'm not gonna use

135
00:07:11,920 --> 00:07:13,760
Speaker 5: the pirates. I use the Marlins. The Marlins have the

136
00:07:13,800 --> 00:07:17,840
Speaker 5: Miami Marlins Baseball Club that does this tickets, and then

137
00:07:17,840 --> 00:07:19,520
Speaker 5: they put the payroll out of that. But then they

138
00:07:19,560 --> 00:07:23,560
Speaker 5: also have a separate entity, Miami Marlins Inc. Or whatever

139
00:07:23,600 --> 00:07:26,520
Speaker 5: it is, Marlin's Baseball Inc. That does the parking and

140
00:07:26,560 --> 00:07:29,280
Speaker 5: the concessions and the merchandise, and that's the when they

141
00:07:29,280 --> 00:07:31,000
Speaker 5: make money. So they go back to Major League Baseball

142
00:07:31,000 --> 00:07:33,320
Speaker 5: and say, hey, we lost, we lost all this money

143
00:07:33,320 --> 00:07:33,640
Speaker 5: this year.

144
00:07:33,720 --> 00:07:34,200
Speaker 2: Look guys.

145
00:07:34,200 --> 00:07:36,200
Speaker 5: But then in the other you know, it's like under

146
00:07:36,240 --> 00:07:38,000
Speaker 5: this rock we have this, and under this rock we

147
00:07:38,040 --> 00:07:40,920
Speaker 5: have something different. I don't know, it's a crazy game

148
00:07:40,920 --> 00:07:45,320
Speaker 5: that we can't get more transparency. I get why they're playing,

149
00:07:45,440 --> 00:07:47,960
Speaker 5: you know, they're playing the game the way the rules are,

150
00:07:48,320 --> 00:07:50,720
Speaker 5: but gosh, it would be nice to just know how much,

151
00:07:51,560 --> 00:07:53,920
Speaker 5: like the Braves kind of have to do, how much

152
00:07:54,000 --> 00:07:57,520
Speaker 5: every team is making, So then people would also say, man,

153
00:07:57,560 --> 00:07:59,560
Speaker 5: the players aren't as greedy as we thought they were.

154
00:08:00,880 --> 00:08:01,080
Speaker 2: Yeah.

155
00:08:01,160 --> 00:08:03,120
Speaker 3: I think another thing on this is it would be

156
00:08:03,160 --> 00:08:07,800
Speaker 3: interesting to see what the percentage of revenues come out

157
00:08:07,840 --> 00:08:12,800
Speaker 3: of revenue sharing to the bottom teams, right, the ones

158
00:08:12,800 --> 00:08:18,040
Speaker 3: that are hanging around at the bottom in subsequent years. Right,

159
00:08:18,360 --> 00:08:20,800
Speaker 3: And we have there's a lot of discussion about what's

160
00:08:20,840 --> 00:08:25,240
Speaker 3: happening at the top, and obviously there's economic disparity, But

161
00:08:25,440 --> 00:08:27,480
Speaker 3: I have always contended that the biggest.

162
00:08:27,120 --> 00:08:28,680
Speaker 2: Problem is at the bottom.

163
00:08:28,920 --> 00:08:31,880
Speaker 3: You know, you shouldn't have teams hanging around there for

164
00:08:32,480 --> 00:08:35,520
Speaker 3: you know, subsequent five six years, right, I mean, you

165
00:08:35,520 --> 00:08:37,880
Speaker 3: should be using that revenue sharing money to try and

166
00:08:37,920 --> 00:08:40,720
Speaker 3: make yourself better. And throwing your hands up in the air.

167
00:08:40,760 --> 00:08:44,200
Speaker 3: I don't think is a way to really satisfy that.

168
00:08:44,760 --> 00:08:47,360
Speaker 3: I understand what the commissioner's trying to do. Right, They're

169
00:08:47,400 --> 00:08:51,360
Speaker 3: saying that there's concern about one club or the other

170
00:08:51,440 --> 00:08:54,560
Speaker 3: having a leg up. But guys, unless I'm wrong here,

171
00:08:54,600 --> 00:08:57,840
Speaker 3: we had the same conversation in ninety eight to two

172
00:08:57,880 --> 00:09:01,000
Speaker 3: thousand with the Yankees, right, I mean the Yankees were

173
00:09:01,160 --> 00:09:05,080
Speaker 3: the poster child for this discussion for a long time.

174
00:09:06,200 --> 00:09:07,280
Speaker 2: Do we need to do something?

175
00:09:07,320 --> 00:09:09,840
Speaker 3: Probably I don't know if a CAP is really going

176
00:09:09,920 --> 00:09:11,880
Speaker 3: to do what I think a lot of people think

177
00:09:11,920 --> 00:09:15,240
Speaker 3: it will do. But it's always that question of can

178
00:09:15,320 --> 00:09:21,160
Speaker 3: you really have a truly equal parody across all of them?

179
00:09:21,160 --> 00:09:24,680
Speaker 3: And you never will. I mean, the Dodgers are feasting

180
00:09:24,800 --> 00:09:28,280
Speaker 3: right now on all of the Pacific rim deals that

181
00:09:28,280 --> 00:09:32,400
Speaker 3: they're making with sponsorships that they've done through Otani and Yamamoto.

182
00:09:32,520 --> 00:09:35,960
Speaker 3: I mean, that's something that isn't new, right, I mean,

183
00:09:36,360 --> 00:09:38,240
Speaker 3: but it isn't old for them. I mean, if you

184
00:09:38,360 --> 00:09:41,240
Speaker 3: go back to before Otani was there, they had some

185
00:09:41,840 --> 00:09:44,000
Speaker 3: but we're seeing this now and you go, well, is

186
00:09:44,000 --> 00:09:45,719
Speaker 3: it always going to be like that? I don't know,

187
00:09:46,320 --> 00:09:48,439
Speaker 3: but it does give them a leg up. And again,

188
00:09:49,360 --> 00:09:53,800
Speaker 3: large market, large brand clubs are always going to have

189
00:09:54,000 --> 00:09:56,960
Speaker 3: additional revenue streams that these other ones don't. I don't

190
00:09:56,960 --> 00:09:59,440
Speaker 3: think that it's going to a CAP system is going

191
00:09:59,480 --> 00:10:01,680
Speaker 3: to work in the manner that I think a lot

192
00:10:01,720 --> 00:10:05,200
Speaker 3: of fans think it will. First of all, I don't

193
00:10:05,200 --> 00:10:07,840
Speaker 3: think it'll ever happen. But even if it did, I

194
00:10:07,840 --> 00:10:11,120
Speaker 3: think it will help the middle class. It would help

195
00:10:11,160 --> 00:10:12,640
Speaker 3: the middle class more than the ones.

196
00:10:12,520 --> 00:10:13,120
Speaker 2: At the bottom.

197
00:10:13,160 --> 00:10:15,680
Speaker 3: I don't know if the Pirates or Marlins or Rays

198
00:10:15,720 --> 00:10:18,360
Speaker 3: get any more competitive than they are now.

199
00:10:19,440 --> 00:10:21,640
Speaker 4: All right, I'm gonna put you on the spot. You

200
00:10:21,760 --> 00:10:24,600
Speaker 4: talked about the Pacific Rim and all the money that

201
00:10:24,640 --> 00:10:27,839
Speaker 4: the Dodgers are bringing in. Is there any way of

202
00:10:28,480 --> 00:10:32,840
Speaker 4: not projecting it forward, but figuring out how much that

203
00:10:33,000 --> 00:10:35,160
Speaker 4: is bringing because you can do You can do the

204
00:10:35,320 --> 00:10:38,520
Speaker 4: TV revenue that you were just talking about. You can

205
00:10:38,559 --> 00:10:40,439
Speaker 4: do the math. It comes out to about one hundred

206
00:10:40,520 --> 00:10:44,480
Speaker 4: and sixty million more if I did the math from

207
00:10:44,480 --> 00:10:47,360
Speaker 4: what you were saying per year that they're able to

208
00:10:47,360 --> 00:10:50,800
Speaker 4: bring in. That's not revenue shared through that. But like

209
00:10:51,240 --> 00:10:54,040
Speaker 4: the show, hey, the Yama Modo, do you have any

210
00:10:54,360 --> 00:10:58,040
Speaker 4: inside info or like any guesses about where some of

211
00:10:58,080 --> 00:11:00,360
Speaker 4: those contracts are and are they going to get to

212
00:11:00,440 --> 00:11:04,400
Speaker 4: grow as the team continues to win in those areas.

213
00:11:05,240 --> 00:11:07,280
Speaker 3: Yeah, I mean it's a really difficult thing. I mean

214
00:11:07,320 --> 00:11:09,680
Speaker 3: we've kind of others have kind of looked at it

215
00:11:09,720 --> 00:11:14,199
Speaker 3: and tried to eyeball it. You know, somewhere maybe around

216
00:11:14,320 --> 00:11:18,960
Speaker 3: you know, two hundred and twenty million dollars that that

217
00:11:19,000 --> 00:11:22,600
Speaker 3: could come in through Pacific Rim sponsorship deals. You know,

218
00:11:22,760 --> 00:11:26,600
Speaker 3: it's significant. Other clubs have had this advantage in the past,

219
00:11:26,640 --> 00:11:31,160
Speaker 3: the Mariners did this when Nintendo was the primary owner. Certainly,

220
00:11:31,160 --> 00:11:33,520
Speaker 3: with each ye row, you're able to ink those kind

221
00:11:33,559 --> 00:11:37,160
Speaker 3: of deals, but it is a unique situation. First of all,

222
00:11:37,800 --> 00:11:39,960
Speaker 3: each row is a star, and it's not like this

223
00:11:40,120 --> 00:11:43,200
Speaker 3: drives everyone. I don't know what the let's say, the

224
00:11:43,200 --> 00:11:46,280
Speaker 3: Padres have done with you've darbish, but you know they're

225
00:11:46,320 --> 00:11:49,720
Speaker 3: the possibilities are there. And again, I think that the

226
00:11:49,720 --> 00:11:52,400
Speaker 3: the key factor in this is that when you're a

227
00:11:52,520 --> 00:11:56,680
Speaker 3: large brand in a large market, your ability to just

228
00:11:56,800 --> 00:11:59,200
Speaker 3: reach out and make those kind of deals. You're just

229
00:11:59,280 --> 00:12:02,280
Speaker 3: staffed to deal with this. So isn't going to continue

230
00:12:02,320 --> 00:12:05,160
Speaker 3: to grow? That is largely, I think, going to depend

231
00:12:05,360 --> 00:12:10,640
Speaker 3: on the health and well being primarily of shoe O Taani.

232
00:12:11,200 --> 00:12:13,440
Speaker 3: I mean, if he keeps going in this trajectory, right,

233
00:12:13,520 --> 00:12:16,320
Speaker 3: I mean, he's got a couple more years left, three,

234
00:12:16,480 --> 00:12:19,840
Speaker 3: four or five maybe left under him. He may not pitch,

235
00:12:20,040 --> 00:12:22,360
Speaker 3: you know, at the later end of his career, but

236
00:12:22,480 --> 00:12:25,280
Speaker 3: he should still be able to do damage at the plate,

237
00:12:25,679 --> 00:12:27,560
Speaker 3: and I could I still think he's going to be

238
00:12:27,559 --> 00:12:30,920
Speaker 3: a star. If he's injured, and that's always a possibility

239
00:12:30,960 --> 00:12:32,920
Speaker 3: for every player in the league, then it changes a

240
00:12:32,960 --> 00:12:35,520
Speaker 3: little bit, but those opportunities are going to be there,

241
00:12:35,559 --> 00:12:38,280
Speaker 3: and that's of course a risk with the sponsors. You

242
00:12:38,320 --> 00:12:40,200
Speaker 3: don't go into a deal it's like one year or

243
00:12:40,200 --> 00:12:42,320
Speaker 3: two years, or can I back out of this if

244
00:12:42,600 --> 00:12:46,040
Speaker 3: said player gets injured. They're normally locked in. So I

245
00:12:46,040 --> 00:12:49,120
Speaker 3: think that it probably continues to open up opportunities for them.

246
00:12:49,160 --> 00:12:51,959
Speaker 3: I don't know how big those deals are, but I

247
00:12:52,200 --> 00:12:55,080
Speaker 3: I you know, I think it would be probably irresponsible

248
00:12:55,120 --> 00:12:57,559
Speaker 3: if you're the Dodgers not to look into every opportunity

249
00:12:57,600 --> 00:12:57,960
Speaker 3: you can.

250
00:12:59,480 --> 00:13:03,000
Speaker 4: You talked about the cap. Everybody says yes to a

251
00:13:03,000 --> 00:13:05,720
Speaker 4: cap or no to a cap. I want you to

252
00:13:05,760 --> 00:13:07,760
Speaker 4: find the answer in between. I want you to find

253
00:13:07,760 --> 00:13:12,600
Speaker 4: the answer that suffices and brings honest, real world like

254
00:13:13,200 --> 00:13:18,280
Speaker 4: financial change without the cap, which the players don't want,

255
00:13:18,559 --> 00:13:20,880
Speaker 4: or with the cap, which the owners want. It's like

256
00:13:20,960 --> 00:13:23,680
Speaker 4: it's too polarized, it's too they're too far apart for

257
00:13:23,760 --> 00:13:26,240
Speaker 4: it to happen in my opinion, but there is a

258
00:13:26,280 --> 00:13:29,920
Speaker 4: clamoring from the fans that they want some a little

259
00:13:29,960 --> 00:13:33,120
Speaker 4: bit more economic stability. Where do you feel like that

260
00:13:33,240 --> 00:13:36,320
Speaker 4: could change the most in your financial opinion?

261
00:13:37,440 --> 00:13:40,120
Speaker 3: Yeah, I mean something's gonna happen out of this labor deal.

262
00:13:40,160 --> 00:13:42,960
Speaker 3: I don't know what it is. I don't think obviously

263
00:13:43,120 --> 00:13:45,920
Speaker 3: the players are gonna say no cap and listen, you're

264
00:13:45,920 --> 00:13:48,800
Speaker 3: gonna undermine all the good momentum that you have. So

265
00:13:49,040 --> 00:13:51,520
Speaker 3: even if you lost regular season games, I can't see

266
00:13:51,520 --> 00:13:53,599
Speaker 3: it going past losing Maybe may.

267
00:13:53,880 --> 00:13:55,840
Speaker 2: Right, So let's say that they don't.

268
00:13:56,520 --> 00:13:58,920
Speaker 3: I would think, or I would hope, that there would

269
00:13:58,920 --> 00:14:02,120
Speaker 3: be something around the system that they currently have in place.

270
00:14:02,320 --> 00:14:04,160
Speaker 2: Now, how tight they.

271
00:14:04,040 --> 00:14:06,800
Speaker 3: Get that stuff locked up at the top, or what

272
00:14:06,920 --> 00:14:10,880
Speaker 3: additional surcharges you could put in place? Right, So, you

273
00:14:10,920 --> 00:14:15,600
Speaker 3: could do some increased penalties for multiple years, and you

274
00:14:15,640 --> 00:14:19,280
Speaker 3: could increase the penalties for those that go past a

275
00:14:19,280 --> 00:14:23,440
Speaker 3: certain point right in those thresholds above that. The real

276
00:14:23,560 --> 00:14:26,360
Speaker 3: issue in my mind has always been at the bottom.

277
00:14:26,440 --> 00:14:30,560
Speaker 3: Could you do the luxury tax and reverse? Could you

278
00:14:30,560 --> 00:14:33,720
Speaker 3: put a threshold at the bottom and say, Okay, if

279
00:14:33,760 --> 00:14:36,880
Speaker 3: you go past this point at the bottom, you're going

280
00:14:36,920 --> 00:14:38,640
Speaker 3: to lose as much in revenue sharing, and if you

281
00:14:38,680 --> 00:14:41,720
Speaker 3: do it in subsequent years, that's going to compound. And

282
00:14:41,760 --> 00:14:43,800
Speaker 3: if you go past a certain point and you go

283
00:14:43,960 --> 00:14:46,560
Speaker 3: deeply below that, you're going to get hit more. You

284
00:14:46,560 --> 00:14:49,040
Speaker 3: could use draft picks, you could do all kinds of things.

285
00:14:49,560 --> 00:14:53,800
Speaker 3: The problem with that is you cannot do a floor

286
00:14:53,880 --> 00:14:58,320
Speaker 3: without something at the top. And so again, I'm sure

287
00:14:58,320 --> 00:15:00,720
Speaker 3: that the players Association would be more than happy to

288
00:15:00,760 --> 00:15:04,400
Speaker 3: see something at the bottom, but the owners, of course,

289
00:15:04,400 --> 00:15:06,240
Speaker 3: are going to want to see some tightening at the top.

290
00:15:06,320 --> 00:15:09,200
Speaker 3: So that I think is maybe the only way that

291
00:15:09,240 --> 00:15:12,680
Speaker 3: you could see something. Is it going to still satisfy

292
00:15:13,200 --> 00:15:15,120
Speaker 3: the issue at hand? I mean, even if you had

293
00:15:15,160 --> 00:15:17,480
Speaker 3: a cap system, let's just say you put a floor

294
00:15:17,520 --> 00:15:20,200
Speaker 3: at I don't know, one hundred and ten million, which

295
00:15:20,240 --> 00:15:23,640
Speaker 3: would be really, you know, significant above what we've seen

296
00:15:23,680 --> 00:15:27,600
Speaker 3: some of the clubs paying right now, do you honestly

297
00:15:27,640 --> 00:15:31,320
Speaker 3: think that, you know, the Pirates, Marlin's Rays are going

298
00:15:31,400 --> 00:15:35,080
Speaker 3: to go much above that point? To begin with, Guys,

299
00:15:35,280 --> 00:15:38,680
Speaker 3: the last time I checked the team with the best

300
00:15:38,720 --> 00:15:42,560
Speaker 3: record in the league last year was the Milwaukee Brewers. Now, granted,

301
00:15:43,200 --> 00:15:45,520
Speaker 3: they weren't able to do much in the postseason, right

302
00:15:45,560 --> 00:15:48,400
Speaker 3: and that's where you start to get into a separate discussion,

303
00:15:49,080 --> 00:15:51,800
Speaker 3: But there's still parody in terms of the performance of

304
00:15:51,920 --> 00:15:56,200
Speaker 3: teams making it. And if the owners were to somehow

305
00:15:56,240 --> 00:16:00,280
Speaker 3: seek to get additional teams in the postseason, and I

306
00:16:00,280 --> 00:16:03,400
Speaker 3: don't know if people remember this, but they initially wanted

307
00:16:03,440 --> 00:16:07,720
Speaker 3: two more teams in the postseason during this last round

308
00:16:07,720 --> 00:16:10,040
Speaker 3: of labor negotiations that are in the deal.

309
00:16:09,840 --> 00:16:10,720
Speaker 2: That we have now.

310
00:16:11,960 --> 00:16:14,040
Speaker 3: You know, then it makes it even easier for some

311
00:16:14,120 --> 00:16:16,720
Speaker 3: of these clubs that have lower payrolls to reach it.

312
00:16:17,000 --> 00:16:17,280
Speaker 2: Again.

313
00:16:17,320 --> 00:16:20,440
Speaker 3: The Guardians, you know, who are in a softer division.

314
00:16:21,200 --> 00:16:23,800
Speaker 3: But I don't know if you get a you know,

315
00:16:24,000 --> 00:16:26,040
Speaker 3: we're never going to see a system in which everybody

316
00:16:26,040 --> 00:16:28,920
Speaker 3: has the same payroll. And if I look across the

317
00:16:28,920 --> 00:16:31,000
Speaker 3: isle at the NBA or the NFL, it's not like

318
00:16:31,040 --> 00:16:34,479
Speaker 3: they're doing great in terms of parody. And there's discussions

319
00:16:34,520 --> 00:16:37,160
Speaker 3: today going on what's going on with the Cleveland Browns.

320
00:16:37,840 --> 00:16:40,080
Speaker 3: You know, when are they going to get together? The

321
00:16:40,480 --> 00:16:43,920
Speaker 3: game is designed differently in baseball. You don't have a

322
00:16:44,000 --> 00:16:46,520
Speaker 3: quarterback and a receiver corps which are skilled players that

323
00:16:46,560 --> 00:16:48,520
Speaker 3: can be on the field all the time, or a

324
00:16:48,560 --> 00:16:51,520
Speaker 3: point guard and a forward. You really have to have

325
00:16:51,600 --> 00:16:56,200
Speaker 3: a really well balanced roster. And I always go back

326
00:16:56,280 --> 00:16:59,360
Speaker 3: to remembering the Texas Rangers when they spent and allocated

327
00:16:59,400 --> 00:17:03,400
Speaker 3: all that money Alex Rodriguez. What happened? They didn't have pitching,

328
00:17:03,480 --> 00:17:05,480
Speaker 3: They didn't. They weren't able to do anything and hung

329
00:17:05,520 --> 00:17:08,800
Speaker 3: around the bottom of the standings. And so again, you

330
00:17:08,920 --> 00:17:10,280
Speaker 3: just have to be well balanced.

331
00:17:11,600 --> 00:17:16,119
Speaker 5: Lauri, don't forget the Browns have Shador. He's a Pro

332
00:17:16,200 --> 00:17:18,720
Speaker 5: bowl Okay, So don't ever forget that he's a pro

333
00:17:18,760 --> 00:17:22,800
Speaker 5: bowler ahead of Trevor Lawrence and Josh. There's a whole listing. Anyways,

334
00:17:22,800 --> 00:17:24,280
Speaker 5: we don't have time to get into that whole thing.

335
00:17:24,280 --> 00:17:26,879
Speaker 5: And Bill Belichick is not a first ballot Hall of Famer.

336
00:17:26,960 --> 00:17:29,360
Speaker 5: So everything is perfect in the NFL because it's been

337
00:17:29,400 --> 00:17:32,400
Speaker 5: what fifteen straight years of the Chiefs and the Patriots,

338
00:17:32,760 --> 00:17:35,280
Speaker 5: one of the two going to the AFC Championship Game.

339
00:17:35,440 --> 00:17:38,320
Speaker 5: The cap doesn't solve everything, and I'm just tired of

340
00:17:38,960 --> 00:17:40,880
Speaker 5: hearing about it. Yes, you're not getting a cap without

341
00:17:40,880 --> 00:17:45,400
Speaker 5: a floor, but is there any way, and you're way

342
00:17:45,440 --> 00:17:48,560
Speaker 5: deeper in the economic than I am, is there any

343
00:17:48,560 --> 00:17:51,040
Speaker 5: way that this gets settled without some sort of a workstop?

344
00:17:51,119 --> 00:17:54,280
Speaker 5: Is do you think the sides can get together and say, man,

345
00:17:54,280 --> 00:17:56,360
Speaker 5: we have all this momentum Because all you hear from

346
00:17:56,359 --> 00:17:59,879
Speaker 5: everybody is baseball's healthy, it's growing, The revenues are a

347
00:18:00,119 --> 00:18:02,400
Speaker 5: TV watching is up, ticket sales are up, merch sales

348
00:18:02,400 --> 00:18:04,640
Speaker 5: are up, everything is up. But then all of a sudden,

349
00:18:05,000 --> 00:18:07,560
Speaker 5: we're not making enough as owners, you know, So is

350
00:18:07,600 --> 00:18:09,400
Speaker 5: there a way that they can figure this out, hopefully

351
00:18:09,440 --> 00:18:12,280
Speaker 5: before we get to the worst part, which is a

352
00:18:12,320 --> 00:18:13,000
Speaker 5: work stoppage.

353
00:18:14,600 --> 00:18:18,600
Speaker 3: Yeah, I don't know, Aja, I mean, it's just I

354
00:18:18,640 --> 00:18:21,560
Speaker 3: won't see it's a guarantee. But it seems highly likely

355
00:18:21,640 --> 00:18:23,640
Speaker 3: that we're we're at least going to get an off

356
00:18:23,680 --> 00:18:27,880
Speaker 3: season lockout. And you know, last time this happened when

357
00:18:27,880 --> 00:18:29,960
Speaker 3: the lockout hit, you know, we got one hundred and

358
00:18:30,000 --> 00:18:31,879
Speaker 3: sixty two games in, but they had to compress the

359
00:18:32,040 --> 00:18:34,680
Speaker 3: season and play a bunch of double headers. And I

360
00:18:34,760 --> 00:18:38,199
Speaker 3: don't know if you know, if the owners sit on

361
00:18:38,240 --> 00:18:40,280
Speaker 3: this thing with a cap, whether they're.

362
00:18:40,080 --> 00:18:40,720
Speaker 2: Able to do that.

363
00:18:41,480 --> 00:18:44,520
Speaker 3: You know, one way, another way to deal with this,

364
00:18:44,600 --> 00:18:47,639
Speaker 3: and this still has to go through and be negotiated

365
00:18:47,680 --> 00:18:51,800
Speaker 3: with the players, is increased revenue sharing. And that's that,

366
00:18:51,960 --> 00:18:53,720
Speaker 3: you know, here we are talking about the Dodgers or

367
00:18:53,720 --> 00:18:57,920
Speaker 3: whether we're talking about the Yankees, they're kind of doing

368
00:18:58,119 --> 00:19:01,120
Speaker 3: eventually something that might be a backdoor around that, which

369
00:19:01,200 --> 00:19:04,199
Speaker 3: is of course the commissioner would love to sell the

370
00:19:04,280 --> 00:19:09,280
Speaker 3: rights to all thirty clubs at their local media rights

371
00:19:09,440 --> 00:19:12,159
Speaker 3: right package all that together sell it to somebody like

372
00:19:12,440 --> 00:19:17,439
Speaker 3: ESPN or Apple or Amazon streamer, And that would if

373
00:19:17,480 --> 00:19:20,520
Speaker 3: you did that and did that's all centralized. I mean,

374
00:19:20,560 --> 00:19:26,800
Speaker 3: that's the brilliance of what Pete Roselle did with the NFL,

375
00:19:26,880 --> 00:19:29,679
Speaker 3: which was, you know, all the media rights are centralized,

376
00:19:29,720 --> 00:19:32,760
Speaker 3: and that's how everybody's making solid money that way, all

377
00:19:32,760 --> 00:19:35,719
Speaker 3: the way across the board. But I don't know, I

378
00:19:35,880 --> 00:19:39,879
Speaker 3: just don't see how again, irrespective if they were pushing

379
00:19:39,920 --> 00:19:42,719
Speaker 3: for a cap last time we saw this, whether it

380
00:19:42,760 --> 00:19:46,800
Speaker 3: was trying to redo on the salary arbitration system and

381
00:19:47,000 --> 00:19:49,000
Speaker 3: dealing with that, whether it was the players trying to

382
00:19:49,000 --> 00:19:51,480
Speaker 3: get more money to the rank and file, and whether

383
00:19:51,520 --> 00:19:54,439
Speaker 3: you have a pool of pre RD players. You know, again,

384
00:19:54,520 --> 00:19:56,080
Speaker 3: I think that we're going to come out of this

385
00:19:57,080 --> 00:20:00,120
Speaker 3: largely the same, but there might be some big changes.

386
00:20:00,320 --> 00:20:00,600
Speaker 2: You know.

387
00:20:00,760 --> 00:20:04,080
Speaker 3: Again, if you're gonna make big changes, I don't see

388
00:20:04,080 --> 00:20:08,160
Speaker 3: how that doesn't come with additional time. And I could

389
00:20:08,160 --> 00:20:10,760
Speaker 3: see us all sitting on our hands on December first

390
00:20:11,359 --> 00:20:15,880
Speaker 3: until maybe January, and again that happened last time, where

391
00:20:15,920 --> 00:20:18,480
Speaker 3: we're like, why aren't you guys doing anything? And they

392
00:20:18,520 --> 00:20:22,520
Speaker 3: need that artificial deadline of spring training to really push

393
00:20:22,600 --> 00:20:24,879
Speaker 3: things into gear, and that's when you start to get

394
00:20:24,960 --> 00:20:26,080
Speaker 3: some real momentum.

395
00:20:26,760 --> 00:20:29,760
Speaker 5: Got it, By the way, that's Rob Manfred's dream is

396
00:20:29,800 --> 00:20:34,400
Speaker 5: to centralize all the MLB. But if I'm the Dodgers, Yankees, Mets,

397
00:20:34,440 --> 00:20:36,439
Speaker 5: Red Sox, why would I want to if I'm not

398
00:20:36,520 --> 00:20:39,800
Speaker 5: making it so anyway, that's a whole owner's fight. But

399
00:20:39,800 --> 00:20:41,879
Speaker 5: I want to ask you this, since you're again you're

400
00:20:41,920 --> 00:20:44,040
Speaker 5: in tune of with this more than most people are,

401
00:20:44,080 --> 00:20:45,600
Speaker 5: and you can maybe explain this because I have this

402
00:20:45,640 --> 00:20:49,720
Speaker 5: fight with fans all the time. Every fan says, oh, man,

403
00:20:49,760 --> 00:20:53,320
Speaker 5: these players are getting paid so much, right, and they're oh,

404
00:20:53,320 --> 00:20:56,400
Speaker 5: they're so greedy. They get all this money. The players

405
00:20:56,400 --> 00:20:58,119
Speaker 5: are happy with the money they get what they like

406
00:20:58,160 --> 00:21:01,480
Speaker 5: to see some team spend more, absolutely, But for some

407
00:21:01,640 --> 00:21:03,879
Speaker 5: reason the fans don't say, well, if a cap system

408
00:21:03,920 --> 00:21:06,719
Speaker 5: goes in for the owners, the guess who makes more money.

409
00:21:07,080 --> 00:21:09,200
Speaker 5: The owners make more money. But no one ever says

410
00:21:09,600 --> 00:21:12,240
Speaker 5: the owners are greedy, right because they want a cab

411
00:21:12,280 --> 00:21:14,480
Speaker 5: and they don't want to spend like especially the lower owners.

412
00:21:14,920 --> 00:21:17,040
Speaker 5: Why is that? Is it just a pr battle that

413
00:21:17,040 --> 00:21:20,879
Speaker 5: the players are losing? Because people say, oh, why is

414
00:21:20,960 --> 00:21:23,439
Speaker 5: Hoheo Tani makes seventy million dollars a year for what

415
00:21:23,480 --> 00:21:25,480
Speaker 5: he does? But I guarantee if you go and look

416
00:21:25,480 --> 00:21:28,159
Speaker 5: at CEOs around the world. Now, let's let's put a

417
00:21:28,240 --> 00:21:30,600
Speaker 5: keep in mind, the people that make over thirty forty

418
00:21:30,640 --> 00:21:33,399
Speaker 5: million in baseball is less than what fifty people in

419
00:21:33,440 --> 00:21:36,240
Speaker 5: the world. So you take the top fifty CEOs in

420
00:21:36,280 --> 00:21:39,200
Speaker 5: the world and throw their numbers out there, Elon Musk,

421
00:21:39,280 --> 00:21:41,800
Speaker 5: Jeff Bezos, whoever you want to throw out there. What

422
00:21:41,880 --> 00:21:45,680
Speaker 5: are they making per year? No one complains about them.

423
00:21:45,880 --> 00:21:48,520
Speaker 3: Yeah, And you know, I think it's probably this idea

424
00:21:48,600 --> 00:21:51,320
Speaker 3: that all of us probably play a little league and it's,

425
00:21:51,400 --> 00:21:54,600
Speaker 3: you know, a kid's game, and there's still this perception that,

426
00:21:54,760 --> 00:21:58,840
Speaker 3: for whatever strange reason, that some you know, Joe Average

427
00:21:58,840 --> 00:22:00,760
Speaker 3: could go get in the box and go do what

428
00:22:00,920 --> 00:22:04,359
Speaker 3: you guys have done. You know, I don't know, but

429
00:22:04,840 --> 00:22:08,760
Speaker 3: I do know this. A key component of this discussion

430
00:22:08,880 --> 00:22:12,119
Speaker 3: around a cap is that if you look at the

431
00:22:12,160 --> 00:22:16,320
Speaker 3: franchise values that are occurring in the NFL and more

432
00:22:16,359 --> 00:22:22,040
Speaker 3: specifically the NBA, they've been going up faster than franchise

433
00:22:22,160 --> 00:22:24,359
Speaker 3: values for MLB.

434
00:22:25,400 --> 00:22:27,400
Speaker 2: And that's a concern, right and.

435
00:22:27,359 --> 00:22:29,320
Speaker 3: They believe that a large part of that is a

436
00:22:29,320 --> 00:22:31,560
Speaker 3: cap system, because what are you doing. You really get

437
00:22:31,600 --> 00:22:34,760
Speaker 3: into cost certainty, you really have a better idea of.

438
00:22:34,720 --> 00:22:35,680
Speaker 2: Where things are at.

439
00:22:36,240 --> 00:22:38,440
Speaker 3: That increases the value of your club for other people

440
00:22:38,480 --> 00:22:40,359
Speaker 3: that want to get involved in it, and you're able

441
00:22:40,400 --> 00:22:43,280
Speaker 3: to go ahead increase your sales. So that I think

442
00:22:43,400 --> 00:22:47,000
Speaker 3: is maybe the largest thing that is not being discussed.

443
00:22:47,080 --> 00:22:50,560
Speaker 3: That franchise values would absolutely go up under a cap system.

444
00:22:50,680 --> 00:22:55,160
Speaker 3: So who does that benefit? Of course, it benefits the owners.

445
00:22:55,200 --> 00:22:57,879
Speaker 3: The other thing about the cap system that needs to

446
00:22:57,920 --> 00:23:00,560
Speaker 3: probably be discussed is, you know, it would be a

447
00:23:00,560 --> 00:23:05,320
Speaker 3: percentage of baseball related revenue, So let's say it's fifty percent. Well,

448
00:23:05,359 --> 00:23:09,960
Speaker 3: it's not like that number always goes up. And this

449
00:23:10,000 --> 00:23:13,560
Speaker 3: is something again that's I think critical in the discussion

450
00:23:13,680 --> 00:23:17,680
Speaker 3: right now. You know, Rob's going to the players and saying, look,

451
00:23:17,680 --> 00:23:20,720
Speaker 3: if you had done this thing and a cap system prior,

452
00:23:21,119 --> 00:23:23,200
Speaker 3: this is how much money you left on the table.

453
00:23:22,960 --> 00:23:24,040
Speaker 2: By not going that way.

454
00:23:25,119 --> 00:23:28,080
Speaker 3: Right now, we're watching and seeing with the revenue or

455
00:23:28,119 --> 00:23:32,240
Speaker 3: with the regional sports network bubble bursting, those revenues are

456
00:23:32,240 --> 00:23:36,640
Speaker 3: going down, and so what happens when that happens? Right

457
00:23:36,720 --> 00:23:38,840
Speaker 3: of course, then the amount of money going to the players,

458
00:23:38,960 --> 00:23:42,080
Speaker 3: whatever that figure is, would go down. Now the clubs

459
00:23:42,119 --> 00:23:45,119
Speaker 3: would be forced to spend what that is. But you

460
00:23:45,160 --> 00:23:47,560
Speaker 3: know what, what does that do? You know, you're either

461
00:23:47,640 --> 00:23:52,080
Speaker 3: artificially overspending for some players or you're compressing the players

462
00:23:52,119 --> 00:23:54,960
Speaker 3: at the top. And so I think maybe that's the

463
00:23:55,680 --> 00:23:58,600
Speaker 3: thing that gets lost in this discussion. That and the

464
00:23:58,640 --> 00:24:00,840
Speaker 3: idea that if there was a caps system, suddenly the

465
00:24:00,880 --> 00:24:03,760
Speaker 3: Pirates are going to be running ramshot and be able

466
00:24:03,800 --> 00:24:06,880
Speaker 3: to go ahead and compete all the time with the Dodgers.

467
00:24:07,480 --> 00:24:09,280
Speaker 3: It's just not going to be like that, because again,

468
00:24:09,320 --> 00:24:11,520
Speaker 3: we have a cap system in the NFL and the NBA,

469
00:24:12,119 --> 00:24:14,879
Speaker 3: and we can see how parody works with those systems.

470
00:24:14,880 --> 00:24:17,640
Speaker 3: It's you know again, MLBI is the best parity out

471
00:24:17,640 --> 00:24:19,240
Speaker 3: of all of those.

472
00:24:20,359 --> 00:24:23,720
Speaker 1: Yeah, this is just a long time setup to accomplish

473
00:24:23,760 --> 00:24:27,000
Speaker 1: a franchise value soaring. That is the main objective. There's

474
00:24:27,080 --> 00:24:30,760
Speaker 1: no doubt about that. There are ramifications of that. Like

475
00:24:30,800 --> 00:24:32,639
Speaker 1: you said, Hey, if we put a penalty on not

476
00:24:32,680 --> 00:24:35,200
Speaker 1: spending enough, guess what, all of those teams will spend

477
00:24:35,280 --> 00:24:38,080
Speaker 1: enough in five seconds, and if not, they'll sell like

478
00:24:38,119 --> 00:24:40,480
Speaker 1: the Twins would have for one point five billion, which

479
00:24:40,480 --> 00:24:43,200
Speaker 1: is still thirty four x versus the one point seven

480
00:24:43,320 --> 00:24:46,000
Speaker 1: or one point seventy five that they're suddenly looking for.

481
00:24:46,040 --> 00:24:47,960
Speaker 1: So more a great info, and I want to tie

482
00:24:47,960 --> 00:24:51,440
Speaker 1: it all back to the start of this conversation. If

483
00:24:51,440 --> 00:24:54,080
Speaker 1: there is a problem, and clearly there is amongst other

484
00:24:54,080 --> 00:24:57,200
Speaker 1: owners with the way that the Dodgers are spending, this

485
00:24:57,280 --> 00:24:59,520
Speaker 1: does sound like an issue. Maybe it's not a massive

486
00:24:59,520 --> 00:25:01,959
Speaker 1: issue in the number is a little bit too inflated

487
00:25:02,080 --> 00:25:04,359
Speaker 1: on how much they're saving on the revenue sharing. And

488
00:25:04,400 --> 00:25:07,520
Speaker 1: I know there's a legal component to this, but can't

489
00:25:07,600 --> 00:25:09,960
Speaker 1: during the next CBA they sit down and say, hey,

490
00:25:10,000 --> 00:25:13,160
Speaker 1: you're clearly not bankrupt, we should get this level again

491
00:25:13,400 --> 00:25:15,960
Speaker 1: and let's figure out a little more revenue sharing. And

492
00:25:16,200 --> 00:25:18,119
Speaker 1: the key that everyone says in our chat always is

493
00:25:18,160 --> 00:25:20,800
Speaker 1: the revenue sharing not being tied to forcing player spending

494
00:25:20,880 --> 00:25:23,240
Speaker 1: is absurd, right, because you could just be spending it

495
00:25:23,280 --> 00:25:25,159
Speaker 1: on real estate your spring training facility. You can get

496
00:25:25,160 --> 00:25:27,240
Speaker 1: a one hundred million dollars facelift and then it just

497
00:25:27,280 --> 00:25:29,480
Speaker 1: improves your real estate value. You didn't spend a dime

498
00:25:29,560 --> 00:25:31,439
Speaker 1: on your team. You got to improve that part of

499
00:25:31,480 --> 00:25:34,280
Speaker 1: your team, but that should not account for what other

500
00:25:34,359 --> 00:25:36,880
Speaker 1: teams are giving up. So what are your thoughts on

501
00:25:37,000 --> 00:25:40,879
Speaker 1: the way that the owners might decide to attack a

502
00:25:40,960 --> 00:25:44,359
Speaker 1: team like the Dodgers for not sharing as much on

503
00:25:44,400 --> 00:25:45,520
Speaker 1: their TV revenue.

504
00:25:46,400 --> 00:25:49,000
Speaker 3: Well, again, it's not like this is an unknown quantity.

505
00:25:49,119 --> 00:25:51,560
Speaker 3: I mean, this has been going. This is you know years,

506
00:25:52,000 --> 00:25:56,679
Speaker 3: you know, over a decade. So look, maybe, but I

507
00:25:56,680 --> 00:25:59,000
Speaker 3: think the Dodgers would come back and go, look, we

508
00:25:59,080 --> 00:26:01,639
Speaker 3: did this as a you know, it was done out

509
00:26:01,640 --> 00:26:03,119
Speaker 3: of a quarter pointed thing that we got to go

510
00:26:03,240 --> 00:26:05,520
Speaker 3: back and revisit that thing, and you know, there's all

511
00:26:05,560 --> 00:26:08,719
Speaker 3: the legal ramifications of it. They could they get an adjustment?

512
00:26:09,840 --> 00:26:14,679
Speaker 3: Maybe you know, there was already an adjustment again, So

513
00:26:15,080 --> 00:26:17,960
Speaker 3: could they revisit that? I suppose, But none of this

514
00:26:18,080 --> 00:26:21,160
Speaker 3: should be a surprise to any of the other twenty

515
00:26:21,240 --> 00:26:23,399
Speaker 3: nine owners. I mean, this has been around. I am

516
00:26:23,440 --> 00:26:26,240
Speaker 3: sure that they've sat around and said and stood on

517
00:26:26,280 --> 00:26:29,080
Speaker 3: this for a while. So could they revisit it? I

518
00:26:29,760 --> 00:26:34,360
Speaker 3: maybe I think that overall, just the general revenue sharing

519
00:26:34,600 --> 00:26:37,280
Speaker 3: model might be revisited and that may be something to

520
00:26:37,400 --> 00:26:41,240
Speaker 3: look at again. And that I think is maybe the

521
00:26:41,680 --> 00:26:45,240
Speaker 3: thing that I think maybe gets lost is that it

522
00:26:45,280 --> 00:26:47,520
Speaker 3: always seems to go and fall on the players, right,

523
00:26:47,560 --> 00:26:49,399
Speaker 3: we need to go ahead and put a cap system

524
00:26:49,400 --> 00:26:51,280
Speaker 3: in because the players aren't making too much, or we

525
00:26:51,320 --> 00:26:54,840
Speaker 3: need to go ahead and be spreading that wealth around there.

526
00:26:56,720 --> 00:26:58,480
Speaker 3: It would be easier, I imagine, to go to the

527
00:26:58,520 --> 00:27:00,919
Speaker 3: players Association and say, hey, we want to go ahead

528
00:27:00,920 --> 00:27:03,920
Speaker 3: and clean up things on the ownership side with how

529
00:27:03,960 --> 00:27:06,840
Speaker 3: revenue is being shared than trying to take a cap

530
00:27:06,920 --> 00:27:11,840
Speaker 3: system in place. So it's always a battle between the

531
00:27:11,880 --> 00:27:15,600
Speaker 3: owners and the players, and then the small market, mid

532
00:27:15,640 --> 00:27:19,119
Speaker 3: market and large market owners against each other. That's the

533
00:27:19,240 --> 00:27:21,200
Speaker 3: tale as old as time.

534
00:27:22,080 --> 00:27:24,439
Speaker 1: Yeah, that's the battle getting them to share more of

535
00:27:24,520 --> 00:27:27,080
Speaker 1: the revenue when they don't feel like the teams that

536
00:27:27,119 --> 00:27:29,920
Speaker 1: are getting that revenue sharing are actually spending it where

537
00:27:29,960 --> 00:27:32,959
Speaker 1: they should. So I wish I could be inside those meetings.

538
00:27:33,000 --> 00:27:35,280
Speaker 1: Those meetings are the real fun ones when they come

539
00:27:35,320 --> 00:27:37,800
Speaker 1: out and then say thirty, oho, we all agreed, Maury,

540
00:27:37,800 --> 00:27:39,800
Speaker 1: this was great. Thank you so much for joining us.

541
00:27:39,800 --> 00:27:43,080
Speaker 1: So much more from Maury in his Forbes articles, appreciate

542
00:27:43,080 --> 00:27:43,640
Speaker 1: the time.

543
00:27:44,240 --> 00:27:46,080
Speaker 2: All right, guys, you take care. Thanks for having me