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Speaker 1: Hi, everyone, and I apologize for our technical difficulties here. Anyhow,

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Speaker 1: it sort of goes with what's gone on this past year,

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Speaker 1: and you know, I was thinking, and it's really unbelievable

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Speaker 1: that a year ago today we sent our Patriots team

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Speaker 1: playing to China to try to expedite the delivery of

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Speaker 1: a million, two hundred thousand respirator masks. And and then,

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Speaker 1: you know, I'm pretty proud. We were the first site

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Speaker 1: in the Northeast to be a license to give vaccinations,

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Speaker 1: and as of today, we've given more than three hundred

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Speaker 1: thousand vaccinations at our site, and a lot of our

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Speaker 1: fans have gotten them, and I've gotten some beautiful letters

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Speaker 1: from people how it's impacted their lives and their psyches.

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Speaker 1: And I just thought of my sweetheart Myra, and she

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Speaker 1: thought it was a little nut swim. I paid so

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Speaker 1: much for the team that was losing money, and I

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Speaker 1: told her that if we did a good job, we

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Speaker 1: would be able to impact our community in ways that

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Speaker 1: just giving a donation couldn't happen. And so I hope

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Speaker 1: she's smiling right now, and I hope we all have

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Speaker 1: a much better year, and I truly hope that we

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Speaker 1: have our herd immunity, so we have a full stadium

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Speaker 1: and get back to normal. Okay, Okay, we're going to

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Speaker 1: open up her questions. First question is going to be

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Speaker 1: Allen Seagull Fall by Phil Pierrie. Hiob happy passover. You

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Speaker 1: talked earlier to Peter King, and I mentioned that you

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Speaker 1: the quoties had not coming up with so much capital before.

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Speaker 1: I'm wondering, since the team has always spent near the

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Speaker 1: cap line anyway, is this just a year that there

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Speaker 1: was a perfect store in Bob of you having enough

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Speaker 1: cap space to spend money with the need to having

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Speaker 1: to bring players in. Well, I think this is a

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Speaker 1: unique time, you know, I think I said previously, We've

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Speaker 1: never been in a position where we have spent the

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Speaker 1: count of money in free agency that we did this year.

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Speaker 1: I think if there was ever a year to do it,

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Speaker 1: this would be the year. Because we moved quickly, and

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Speaker 1: instead of having ten or twelve teams compete against us

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Speaker 1: for free agents, there were only two or three. And

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Speaker 1: I think our personnel department did an outstanding job in

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Speaker 1: setting the priorities. We moved quickly, and we also had

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Speaker 1: the advantage of being in the unique position of having

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Speaker 1: I think it was. I think we're number three, possibly

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Speaker 1: two in cap space, and we moved quickly, and I

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Speaker 1: really hope it makes a difference. I'm excited about this

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Speaker 1: upcoming season and I'll follow up with one quick one Bob. Yesterday,

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Speaker 1: Roger Goodell said he hoped to have full stadiums this

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Speaker 1: year with fans in Have you been in touch at

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Speaker 1: all behind the scenes with Governor Baker and have any

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Speaker 1: kind of understanding whether you'll be able to have a

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Speaker 1: lot more fans than what we're seeing now at Fenway

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Speaker 1: Park in TD Garden. Well, our organization has worked at

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Speaker 1: the state and like I said, I think the more

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Speaker 1: the other sites. If we could get more supply here,

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Speaker 1: we could do up to ten thousand vaccinations a day,

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Speaker 1: or three hundred thousand we could do you know, a

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Speaker 1: million a half people before our season would either start.

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Speaker 1: So we just need supply of product as well as

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Speaker 1: the other sites. And if that happens, we should have

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Speaker 1: heard immunity and I hope our people in the government

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Speaker 1: sector can see it that way. Thanks. My next question

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Speaker 1: Phil Perry, followed by Mike Preas. Robert, Thanks for doing this.

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Speaker 1: My question is a little bit of a follow up

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Speaker 1: to Alan's first question. Obviously, the team is very aggressive

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Speaker 1: in investing in the roster around the quarterback position this month.

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Speaker 1: Do you believe that the level of investment the team

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Speaker 1: has made in the quarterback position, specifically, be it financially

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Speaker 1: or in draft capital, has been enough to make this

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Speaker 1: team as competitive as you want it to be. I'm

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Speaker 1: sorry you said in the quarterback I couldn't hear it clearly.

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Speaker 1: Could you repeat the question? Police? Sure? Do you believe,

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Speaker 1: Robert that the level of investment that the team has

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Speaker 1: made in the quarterback position has has been enough to

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Speaker 1: make this team as competitive as you want? I think

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Speaker 1: of all the total guarantees you know contractually that we're

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Speaker 1: handed out this month, I under the quarterback spot. Well, look, um,

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Speaker 1: I think uh we we um have you know, we

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Speaker 1: we have a situation where we have you know, at

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Speaker 1: this point in time, we're trying to do what the

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Speaker 1: best thing for us is and you know, I think,

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Speaker 1: in fairness to Kim, I'm not sure he had the

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Speaker 1: proper weapons around him last year, and then he got

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Speaker 1: COVID and there were a lot of things that happened,

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Speaker 1: and I don't know that Jared has ever really gotten

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Speaker 1: a fair shot, So we have to wait and see

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Speaker 1: what happens, and then we still have the draft, so

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Speaker 1: there are a lot of things that can occur. You

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Speaker 1: you know, when you're doing business, you can wave a

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Speaker 1: magic wand but you're looking to try to get the

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Speaker 1: best value and balance a lot out and I think

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Speaker 1: they've done pretty well with that. It's obviously important position, Robert,

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Speaker 1: And I'm just curious, I mean, would you like for

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Speaker 1: there to be a more well defined plan. Would you

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Speaker 1: be okay with it if the team did something drastic

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Speaker 1: today in the draft, just to have a more well

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Speaker 1: defined plan, maybe long term plan at that position. Well,

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Speaker 1: we all know long term, you know, we we have

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Speaker 1: to find a way either Jared stid him or someone

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Speaker 1: knew we bring in. But you know, this isn't something

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Speaker 1: where you get algebraic formulas. We got think of all

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Speaker 1: the personnel whizzes who passed for six rounds on Tom

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Speaker 1: Brady in two thousand or nine ninety nine, whichever, And

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Speaker 1: you know, no one knows what's going to happen, so

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Speaker 1: we have to balance everything. Look, the quarterback is the

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Speaker 1: most important position on the team. We know that he

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Speaker 1: touches the ball over seventy times a year, and so

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Speaker 1: one way or another, we have to get that position solidified.

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Speaker 1: Thank you. Next question Mike Reece all by Karen greeting

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Speaker 1: Robert mentioning Tom watching him win a Super Bowl but

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Speaker 1: with a different organization. Did that lead or how did

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Speaker 1: that lead to any feelings of regret, if any from you,

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Speaker 1: that he and the Patriots didn't stick together longer. Well, look,

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Speaker 1: I I would have loved or him for him to

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Speaker 1: have retired as a Patriot. That was everybody knew that.

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Speaker 1: But in life, things just happened in a way that

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Speaker 1: you have to balance a lot of things. After twenty years,

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Speaker 1: I thought he was entitled to make a decision that

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Speaker 1: was what he thought was best for him and where

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Speaker 1: he was, and you know, we gave him the ability

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Speaker 1: to do that. And you know, it's like marriages sometime

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Speaker 1: no one knows on the outside everything going on, and

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Speaker 1: you try to balance a lot, and um, you know,

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Speaker 1: it is what it is. And looking back, Robert, do

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Speaker 1: you do you wish maybe that you made different decision

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Speaker 1: on the team side to not give him that option

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Speaker 1: given the way it's unfolded. Well, after twenty years, with

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Speaker 1: any player, I'll make this commitment to any player in

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Speaker 1: the future, anyone who spends twenty years with us and

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Speaker 1: helps us go to win six Super Bowls, We're not

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Speaker 1: going to keep. Look, we could have contract wise kept him,

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Speaker 1: you know, under in our camp, but it's just it's

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Speaker 1: not the right thing, and you know, naturally we want

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Speaker 1: to win. But who knows what would have happened if

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Speaker 1: he stayed here. You know, you look what happened at

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Speaker 1: the end of his last season. Here My next question

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Speaker 1: Karen Gregian, followed by Mark Daniels him Robert, thank you

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Speaker 1: for taking the time. Nice to talk to you. Ken.

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Speaker 1: I'm just wondering if if things turn out, you know,

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Speaker 1: after the draft and so on, if Cam Newton winds

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Speaker 1: up being your starter, would you be comfortable with the

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Speaker 1: offense in his hands going forward? Well, look, I Kim

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Speaker 1: is terrific guy. I really enjoyed getting to know him

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Speaker 1: last year. I'll tell you this. Players on the team

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Speaker 1: in the locker room really love the guy, and so

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Speaker 1: in the end, I trust Coach Belichick's ability to build

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Speaker 1: a team and put the right players in the best

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Speaker 1: position to succeed. You know, over the last couple of decades,

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Speaker 1: he's done Okay, So when I'm privileged to have good

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Speaker 1: managers anywhere in the world. You know, we're in over

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Speaker 1: a hundred countries. We give those people autonomy and we

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Speaker 1: let them do their thing. Thank you and Mark. Next question,

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Speaker 1: Mark Daniels fall by Tom Kerr. Thanks Stacy, Robert, thanks

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Speaker 1: for taking the time. You know, Robert on Jared's did him.

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Speaker 1: We haven't gotten to know Jared all that. Well, just

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Speaker 1: what have you learned about Jared over the course of

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Speaker 1: his two years with you there in Foxborough. Well, look,

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Speaker 1: I think he's a great young man, and I know

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Speaker 1: that he's easier to compete and look for an opportunity

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Speaker 1: to play. One thing I liked is he's showed great

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Speaker 1: initiative and putting this workouts together on his own out

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Speaker 1: in California. I don't know how public that is, and

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Speaker 1: if you follow him on social media, I guess you

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Speaker 1: could see it. But a bunch of the guys went

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Speaker 1: out there and did that, and I'm not sure he's

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Speaker 1: really been tested. So I'm very a big fan of his.

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Speaker 1: Thank you. Thanks question Tom Kerrn Falled by Greg Bdarden.

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Speaker 1: Hey Robert, thank you for the candor and fit. Thanks

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Speaker 1: for taking the time I wanted to ask your team, absolutely,

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Speaker 1: over the two decades, really, your team had so much

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Speaker 1: success in being a homegrown team that built internally, retained players,

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Speaker 1: and did such a great job through the draft. Really

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Speaker 1: the flurry two weeks ago was related to not it's

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Speaker 1: kind of a store bought team in that. In this addition,

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Speaker 1: and some of that probably is traceable back to the

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Speaker 1: fact that the drafts have not been as good. What

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Speaker 1: internally have you guys been able to diagnose as the

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Speaker 1: reasons the draft wasn't as good or was it just

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Speaker 1: a byproduct perhaps of the window with Tom Brady and

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Speaker 1: decisions made there Is there anything that you can put

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Speaker 1: your finger on with some of the homegrown talent that

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Speaker 1: didn't come in in the last five or six years. Well,

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Speaker 1: that's a good question. And look, in the end, if

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Speaker 1: you want to have a good, consistent, winning ball team,

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Speaker 1: you can't do it in free agency. You have to

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Speaker 1: do it through the draft because that's when you're able

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Speaker 1: to create get people of great talent, whether it's Willie

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Speaker 1: McGinnis or Tom Brady. You get them at a price

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Speaker 1: where you can build a team and be competitive once

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Speaker 1: they get to their first contract. If they're superstars. You

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Speaker 1: can only balance so many of them, and so really

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Speaker 1: the teams who draft well are the ones who will

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Speaker 1: be consistently good. I don't I don't know that. I

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Speaker 1: don't feel we've done the greatest job the last few years.

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Speaker 1: And I really hope and I believe I've seen a

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Speaker 1: different approach this year. And let's you know, in the end,

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Speaker 1: it all comes out to what happens on the field

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Speaker 1: and how well people execute. And you really don't know

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Speaker 1: a draft, how good a draft is for at least

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Speaker 1: two years, because and especially in the environment we're in

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Speaker 1: now where we don't I'm not quite sure still what

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Speaker 1: our offseason training and learning abilities will be. It's something

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Speaker 1: we're working very hard with the unions today. And I

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Speaker 1: think last year younger players were really disadvantaged because they

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Speaker 1: didn't have the time to come and learn and be

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Speaker 1: part of it. And to be frank, I think that

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Speaker 1: also was what happened with Kim, that everything was new,

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Speaker 1: and when he got going, he was playing very well.

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Speaker 1: If you remember how things where the beginning of the season,

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Speaker 1: what happened that's Seattle and then unfortunately for the Kansas

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Speaker 1: City game. But he's more familiar with what goes on

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Speaker 1: here and you know, just like younger players from last year,

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Speaker 1: and we'll see what happens this year. Thanks, thanks again

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Speaker 1: for the candor on doing this to bat. Next question,

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Speaker 1: Greg Bdard fall by Ben boln Hey, Robert, thanks for

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Speaker 1: doing this to sort of follow up on what Tom's question.

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Speaker 1: First of all, Hey, I would like just to know

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Speaker 1: your general impression of watching your team last year go

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Speaker 1: seven to nine. I mean, after twenty years, seven and

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Speaker 1: nine isn't a crime or anything, but I'm just wondering

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Speaker 1: what your reaction to the season was. And then, related

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Speaker 1: to Tom's question, did you have we don't know how

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Speaker 1: things work? Do you have a meeting with Bill after

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Speaker 1: the season to say, hey, how did we get here?

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Speaker 1: How did we get out of it? What assures do

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Speaker 1: you have that personnel realizes they are of their ways

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Speaker 1: and they are ready to correct them. Well, okay, thanks Greg,

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Speaker 1: I appreciate it. I'd answer your question by saying, you know,

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Speaker 1: in the thirty four years before we own the team,

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Speaker 1: do you know how many home playoff games there were? Zero? One?

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Speaker 1: And you know how many we've had since we've owned

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Speaker 1: the team the last twenty seven years, A lot twenty seven,

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Speaker 1: and you know we went twenty three and four and

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Speaker 1: the previous thirty four years they were own one. So

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Speaker 1: when you say how did I feel, well, I'm not

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Speaker 1: going to use the word, but it was horrible. And

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Speaker 1: you know this after my family, the Patriots of the

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Speaker 1: most important thing in my life, and I think what

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Speaker 1: we can do to impact the community, but also the

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Speaker 1: privilege I have of owning this team in my hometown.

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Speaker 1: And it's like I said when I bought the team,

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Speaker 1: our family is a custonian of a public asset and

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Speaker 1: the bottom line here is winning. That's what this business

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Speaker 1: is and that and when we don't, it's not a

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Speaker 1: good feeling. And you can make I'm not going to

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Speaker 1: go into how I operate and manage, but we're involved

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Speaker 1: in quite a few businesses. We believe in trying to

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Speaker 1: get good people and having stability in all our businesses

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Speaker 1: and I think we've sort of done that here and

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Speaker 1: the record speaks for it. So I'm you know, where

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Speaker 1: we're in a business where everything is designed. So you

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Speaker 1: go eight and eight or nine and seven under the

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Speaker 1: news setup, and you know the way games are scheduled,

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Speaker 1: the teams you play everything, the way you draft there's

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Speaker 1: no other sports league that has everyone spends the same

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Speaker 1: amount of money, so it's a real challenge. And I

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Speaker 1: think that we have developed some ways of operating and

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Speaker 1: analytics and things that drive us and the bottom line

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Speaker 1: is we want to win, and when we don't, we're

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Speaker 1: not happy. Thanks question, Ben voluntfall by Andrew Callahan, Robert,

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Speaker 1: thank lot for doing that today. Happy paths over to

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Speaker 1: you and rats on getting the broadcast deals on it.

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Speaker 1: That's a significant accomplishment, you know. Just on that, I

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Speaker 1: just want to say, I really think that that's a

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Speaker 1: great thing for our fans and the stability to leave

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Speaker 1: for people who really love it because we're in such

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Speaker 1: crazy economic times and it's it's really pretty cool to you.

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Speaker 1: And I want to give credit to the Union and

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Speaker 1: d Smith and the players for vote. If they hadn't

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Speaker 1: done what they did like a month before for the

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Speaker 1: pandemic started, you know, we we wouldn't have been able

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Speaker 1: to do it. And now you know we have something

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Speaker 1: where if we manage it right, it can be great

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Speaker 1: all around, no question, no question. Um So I want

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Speaker 1: to that you're real quick. Going back to Tom Brady,

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Speaker 1: just the way lack season played out, Tom winning the

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Speaker 1: Super Bowl and you got doing seventy nine. You feel

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Speaker 1: like that raised the stakes for you going into the season.

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Speaker 1: Would you have been this aggressive in free agency if

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Speaker 1: not for Tom winning the Super Bowl? Uh? I mean, look,

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Speaker 1: I love Tom Brady and he's great, but he's moved on.

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Speaker 1: We what what happened here last year was not something

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Speaker 1: to our liking, and we had to make the corrections

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Speaker 1: and do the things. You know, in in all businesses,

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Speaker 1: we're involved and we try to take advantage of inefficiencies

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Speaker 1: in the market, in the paper business and anything. And

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Speaker 1: given the you were, we were in a unique cap

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Speaker 1: situation this coming year going forward, and it allowed us

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Speaker 1: to try the things you know, we missed to a

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Speaker 1: certain extent in the draft, and so this was our

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Speaker 1: best opportunity. I don't ever think the market over the

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Speaker 1: next decade will be like this, unless God forbid, there's

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Speaker 1: another pandemic. And we you know, we lost four billion

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Speaker 1: dollars of revenue last year and the cap went down.

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Speaker 1: That hasn't really happened since I bought the team, and

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Speaker 1: we just happened to be in a unique situation. So

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Speaker 1: to be frank, no, this is about what's doing right

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Speaker 1: for our team, of course, Andrew Callahan, followed by Jeff Howe.

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Speaker 1: If Robert you were quoted a week ago saying the

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Speaker 1: team used to make fun of the big spenders in

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Speaker 1: free agency, and obviously the history of those teams, you know,

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Speaker 1: shows they don't sustain success beyond a few extra wins

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Speaker 1: the following season. So it's you those circumstances that you've

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Speaker 1: alluded to in the market that makes you believe the

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Speaker 1: Patriots will be an acception to this trend. Now after

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Speaker 1: you've set a league record for free agency, excuse me,

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Speaker 1: I sure hope so, but you'll be able to evaluate that,

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Speaker 1: you know, and when you're in business, there's things get up.

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Speaker 1: You have an opportunity to do something. It's like I

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Speaker 1: had an opportunity to buy the Patriots at a time,

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Speaker 1: you know, when it was people would have advised me. Again,

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Speaker 1: so people advised me not to hire Bill Belichick because

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Speaker 1: of what happened in Cleveland. And you know, and as

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Speaker 1: people would say, exactly what you're saying, now, look at

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Speaker 1: what's happened with other teams, But you've got to look

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Speaker 1: at the custom customized part of what's going on. And

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Speaker 1: I think we collectively made a decision that this was

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Speaker 1: a unique time, and now we'll see how good our

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Speaker 1: people were in in evaluating talent and the chemistry. I mean,

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Speaker 1: that's no matter how much talent you have, if you

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Speaker 1: don't have good chemistry. This is a business that depends

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Speaker 1: on at least thirty to forty different players, and one

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Speaker 1: guy on special teams can screw up and you know,

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Speaker 1: you know, something really bad happens that hurts the whole team.

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Speaker 1: So we'll see and we'll be able to evaluate. I'll

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Speaker 1: apologize in advance to those I don't get too. There's

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Speaker 1: still a lot of questions here, but we're gonna take

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Speaker 1: two final questions. We'll go just how fall by Bilbert. Hey, Robert,

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Speaker 1: it seems like one potential remaining order of business this

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Speaker 1: offseason would be Stefan Gilmo in his contract. Do you

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Speaker 1: have any read on how those conversations may be going

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Speaker 1: or how they may set up in the future, and

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Speaker 1: you have optimism that you can, you know, figure something

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Speaker 1: out to keep him in town. Look, we're lucky to

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Speaker 1: have Stefan Gilmore's a tremendous player for us, a great person.

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Speaker 1: I personally had the opportunity to go to the Holy

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Speaker 1: Land with he and his bride, and you know he

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Speaker 1: he's just so gifted and he's under contract for us,

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Speaker 1: with us, and we'll see what happens. You will do

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Speaker 1: the last question, Bill burt Hey, Bob, how are you good? You?

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Speaker 1: Very good, very good. So, Bob, I've been around this

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Speaker 1: team since like nineteen eighty six, and and I gotta

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Speaker 1: admit that the draft day, the draft is sorry, the

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Speaker 1: opening day or free agency was among the most interesting,

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Speaker 1: you know, expending and I read what you said and

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Speaker 1: heard earlier about expending more capital than ever before, and

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Speaker 1: I think among the most ever in free agency. So

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Speaker 1: can you talk just a little bit about that day

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Speaker 1: and your input. I'm assuming over the years and I

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Speaker 1: think you've talked about it. When a big deal is made,

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Speaker 1: when you're expending a lot of money, you'll sit with Bill,

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Speaker 1: or Bill give you a quick call or I'm assuming

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Speaker 1: you know you you know, not that you're going to

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Speaker 1: say and say, don't do it. You just want to know.

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Speaker 1: But so much went down and it wasn't it was expensive,

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Speaker 1: And were you part of the entire day? Did you

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Speaker 1: give Bill an open checkbook? And what was it like

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Speaker 1: for you the whole day just watching all these guys

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Speaker 1: come in. Well, first, I'll say I had the pleasure

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Speaker 1: of on the tennis court meeting your brother down there.

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Speaker 1: At least he said he was you yeah, and a

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Speaker 1: nice fella. Um so um. Look, I I don't know

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Speaker 1: enough to give him put on the quality of players.

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Speaker 1: I do understand business, and I do know how to

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Speaker 1: look at analytics and evaluate. But this was a team

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Speaker 1: effort in the part of our personnel department. US three

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Speaker 1: or four very active with Bill and and they were

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Speaker 1: so thorough. I I don't. I well, we've never been

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Speaker 1: in the position we've been in so seeing um we did.

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Speaker 1: You know. One of the things to us is doing

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Speaker 1: the background checks and the amount of background checks, and

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Speaker 1: you know Bill, Bill and I are able to work

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Speaker 1: this out in a way that we think is best

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Speaker 1: for the franchise. And it's pretty much been that way

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Speaker 1: what he's been with us twenty one years. He's maybe

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Speaker 1: the best ever to do it. And I don't think

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Speaker 1: stability and continuity and coaches in the modern era has

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Speaker 1: been a stable So I'm pretty happy with our working relationship.

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Speaker 1: And I hope, I mean, I think anyone who knows

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Speaker 1: knows we invested what we had to to put us

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Speaker 1: in the best position to win. That hasn't been the

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Speaker 1: style we've used, but conditions have changed, changed and we

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Speaker 1: were in a unique space and I hope and pray

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Speaker 1: it works the way our plan was just a quick edition.

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Speaker 1: So do you expect to be a contender this year? Well,

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Speaker 1: I've learned I expect to be a contender every year,

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Speaker 1: so you know that's my objectives. Last year was very

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Speaker 1: disappointing and and I really do believe that the Kim

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Speaker 1: getting COVID and what it did to the team, and

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Speaker 1: it changed a lot when we were in a good place,

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Speaker 1: and now we'll have a chance to see Look, I

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Speaker 1: want to tell you, I want to thank all of

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Speaker 1: you for adapting. I'm sorry for our technical mishappen here

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Speaker 1: at the beginning, and I hope we have a great

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Speaker 1: year and I look forward to seeing you all. Thank

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Speaker 1: you very much, Thanks Bob, bye By