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Speaker 3: Business Show where we like sports, So I want to
Speaker 3: start with a question that's related to both sports and business, true,
Speaker 3: and I want to talk about college sports and what's
Speaker 3: happening with college sports. It looks like it's new pro league,
Speaker 3: right when you look at the transfer portal, that's very
Speaker 3: It looks like free agency, which you don't even have
Speaker 3: a con You could just leave it any point in time, right, right.
Speaker 3: But then I also want to talk about nil collectives.
Speaker 3: So they're saying John Caliparry is going to start with
Speaker 3: at least five million dollars, and a lot of people
Speaker 3: aren't really familiar with the NIO collective. They heard about
Speaker 3: nil deals, but it's like the NIO Collective, a bunch
Speaker 3: of essentially correct me if from all, like a bunch
Speaker 3: of wealthy boosters can just come together and just pull
Speaker 3: up a pool of money and just you know, give kids.
Speaker 3: It's like a way to pay players under the gaze
Speaker 3: of nil and not it be illegal. Right, So so
Speaker 3: much has changed over the last eighteen months, So what's
Speaker 3: your thoughts on those two things?
Speaker 1: Specifically? Doesn't bother me at all.
Speaker 4: And the more headaches it causes for the NCUBA, the
Speaker 4: more headaches it calls for particular programs, the better I feel.
Speaker 4: You've spent decades exploiting these athletes under the cloak of amateurism,
Speaker 4: and I would have respected it more if it were
Speaker 4: applicable to you as well, if you were a coach,
Speaker 4: if you were an administration and you didn't benefit offered
Speaker 4: the exploits of the athletes, then I'm down for it.
Speaker 4: But that's not what has happened. We've had coaches having
Speaker 4: a myriad of ways to generate revenue for themselves, clinics, coaching,
Speaker 4: summertime salaries, they've earned speaking engagements, et cetera, et cetera.
Speaker 4: We've seen the athletes perform, and we've seen the money
Speaker 4: come back to the universities.
Speaker 1: And what do they do?
Speaker 4: They funnel it throughout the universities. The administrators get a
Speaker 4: little bit more, the chancellors, the provosts, the presidents, they
Speaker 4: get a little bit more. Different other programs within the
Speaker 4: school that are non revenue generating sports, they benefit from it.
Speaker 4: But the very athlete who went out there and perform
Speaker 4: and generate this level of interest is somebody that you
Speaker 4: couldn't find it within yourself to ensure that you would.
Speaker 4: You would, they would be compensated in some capacity. And
Speaker 4: the reason why it resonates with me so profoundly is because,
Speaker 4: you know, I remember when Chris Webber Fab five Michigan
Speaker 4: and those guys were complaining about stuff and whatever, and
Speaker 4: you have these folks on the having you know, under
Speaker 4: the mentality, you know you're getting a scholarship. You getting
Speaker 4: a scholarship, You should be happy, but they were never happy.
Speaker 4: And how much of a stickler you were if folks
Speaker 4: got flights home. In Chris Webber's case, you going into
Speaker 4: a bookstore and you seeing a uniform a jersey with
Speaker 4: your name on it, but if the store gave it
Speaker 4: to you for free as a violation, you know, stuff
Speaker 4: like that. You know that you're getting a vast majority
Speaker 4: of these high profile athletes from desolate environments and backgrounds,
Speaker 4: and you're telling them they can't fly home for the holidays,
Speaker 4: they can't get a car, they can't you know, you
Speaker 4: couldn't even rent them a car.
Speaker 1: Whatever.
Speaker 4: It might have been a violation. So those kind of things,
Speaker 4: you would think they would have had the decency to
Speaker 4: be a bit lax and to understand with all the
Speaker 4: money that these athletes were generating that, you know what,
Speaker 4: you could turn a blond out of certain things. All right,
Speaker 4: If the guy wanted to go home for the holidays,
Speaker 4: let him go. If somebody wants to come, if the
Speaker 4: parents want to be flown in for you know, to
Speaker 4: be with him for Christmas because he can't you know,
Speaker 4: he can't go home and see him.
Speaker 1: All right, we could turn the blinder. You didn't do
Speaker 1: any of that.
Speaker 4: You kept you would dog it in restricting what the
Speaker 4: athletes can get.
Speaker 1: So now that's not the case.
Speaker 4: You know, you read what yourself and the headaches that
Speaker 4: come with it, the coaches that can't take it. Cal
Speaker 4: no doubt is leaving Kentucky in part because of that.
Speaker 4: Nick Saban, no doubt retired because of.
Speaker 1: That, because of that, because of what.
Speaker 4: An IL transfer, a portal of the combination of it all,
Speaker 4: and what kind of case it's caused, because it's relinquished
Speaker 4: the degree of control from them. Nick Saban told me
Speaker 4: that personally, we could he was before he retired. He
Speaker 4: was complaining about what a headache it was. You're talking
Speaker 4: about agents that are treating He felt like they were
Speaker 4: damnar in bezzling you know, money, you know from universities
Speaker 4: and stuff. You know what they were doing. Those were
Speaker 4: his That was his terminology. He was completely turned off
Speaker 4: and utterly disgusted as to how things had transformed and
Speaker 4: how it changed. And I didn't blame him. I didn't
Speaker 4: think he was wrong. I was just saying the NCAA
Speaker 4: brought it on themselves because of how they were. So
Speaker 4: if these athletes find a way now to get paid,
Speaker 4: more power to him.
Speaker 1: More power to him.
Speaker 2: It's interesting because I was kind of thinking that it's
Speaker 2: like that transition of the old model, because even for
Speaker 2: Cal his model was the one and done. So to
Speaker 2: see the one that done not work Now, I'm like, well,
Speaker 2: what was really changed? And if you're going from a
Speaker 2: place like Kentucky with his a boatload of boosters right
Speaker 2: endless money right and going to and that's CC school
Speaker 2: like Arkansas where there are boosters but.
Speaker 1: They got some money now, but they have football.
Speaker 2: You know what I'm saying that they have the football component.
Speaker 2: But Kentucky's been playing well over the past couple of years.
Speaker 2: That change is happening with the coaches, you said, Saban,
Speaker 2: I've thought about guys like Roy Williams and like these
Speaker 2: older guys who had came in with a system both
Speaker 2: in college and foot I mean college basketball and football,
Speaker 2: to where you see new guys coach prime exceeding at
Speaker 2: this because he's able to adjust and get back to
Speaker 2: even like a Dan Hurley now, who's just just one.
Speaker 2: It's more about the players and figured out. It's transfer portal,
Speaker 2: it's nil, it's all these things.
Speaker 4: Well, the first first thing we're gonna do as we
Speaker 4: sit down here right now, is we're gonna define what
Speaker 4: your definition and success is. Okay, because let me tell
Speaker 4: you something, cal ain't been successful.
Speaker 1: Not in recent memory. You got four over the last
Speaker 1: four years. I'm a Kentucky right well.
Speaker 4: Success and I'm telling you they've been bounced out in
Speaker 4: the first round twice. Oakland fourteen ced, Yes, what's to
Speaker 4: Saint Peter's the fifteen seed and then didn't and then
Speaker 4: went to the second round loss. Hasn't been to the
Speaker 4: sweet sixteen and four years didn't make the NCAA tournament. Okay,
Speaker 4: So you're at Kentucky, which is blue blood? Okay, we
Speaker 4: know what huh.
Speaker 1: Can we throw away that turn?
Speaker 5: No?
Speaker 2: Who Who's is you COmON?
Speaker 1: Blue blood? Yes? What is so defined? Blue blood?
Speaker 4: Lengthy period of time in which your dominant shines, where
Speaker 4: you're relevant. You're a big time program. You know, you're
Speaker 4: constantly in the mix for national titles. The level of
Speaker 4: notoriety you gain is different from what the average school gets.
Speaker 4: Like for example, Villanova's won a couple of national championships.
Speaker 4: We want to talk about Villanova in that regard. Georgetown
Speaker 4: won back in the day. We want to talk about
Speaker 4: them in that regard. North Carolina has been relevant since
Speaker 4: the sixties seventies. Duke has been relevant since new Krzyzewski
Speaker 4: arribbed in the eighties. Bill self had Kansas relevant since
Speaker 4: the eighties. Kentucky with Patino ad of Rope obviously before him,
Speaker 4: but then Patino Tubby Smith. Now you got Colli Party
Speaker 4: in twenty twelve, he wins a national title. Those are
Speaker 4: the kind of that that when you're talking about blue Blood,
Speaker 4: you're talking about programs essentially that could recruit itself. You
Speaker 4: mentioned that program and everybody you know, you you come
Speaker 4: knocking on somebody's door, They're gonna open that door and
Speaker 4: listen to what you have to say. A lot of
Speaker 4: schools heard, No, not those programs. That's all I mean by.
Speaker 2: That, right, So, like A, UCLA was sitting there even
Speaker 2: though they haven't won since ny.
Speaker 1: You CLA hasn't won since ninety five. CA's won.
Speaker 4: UCLA hasn't won since nineteen ninety five. You consider them
Speaker 4: that out West because of John Wooden.
Speaker 1: What they've done and what in.
Speaker 4: Bill Walton, Kareem abdujaball those kinds of things, the know,
Speaker 4: Bannon's and all of those guys in nineteen ninety five
Speaker 4: Westbrook well fourteens, Okay, because you look at it from
Speaker 4: that standpoint, You'll look at it from there. But that's
Speaker 4: what I'm talking about. Kentucky's in that line and so,
Speaker 4: and not only that. Part of it is not worrying
Speaker 4: about the finances because your alumni base and the money
Speaker 4: that's funneled into the program is not something that you
Speaker 4: have to concern yourself with because the school's all always
Speaker 4: be people to take care of those folks. That's Kentucky, Duke,
Speaker 4: North Carolina, u CLA, Kansas.
Speaker 1: And now you come.
Speaker 2: From a financial standpoint, even from.
Speaker 1: A financial absolutely because the absolutely.
Speaker 2: I'm asking from a finance standpoint only because we know
Speaker 2: that football brings a majority of the money for these schools.
Speaker 2: Duke is an exception in a sense, you're talking about
Speaker 2: the school.
Speaker 1: I'm talking about the program. Okay, gotcha. Got You're talking
Speaker 1: about the program. Gotcha. Yukon's program basketball could give it.
Speaker 1: Their facilities are better than Kentucky's.
Speaker 2: Men and women's.
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