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Speaker 1: This is Bloomberg Business of Sports. The cold heart truth

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Speaker 1: about the Olympic journey is not really been financially incentivized

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Speaker 1: in the same way that many of the professional sports are.

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Speaker 1: But this is a basketball involved the NBA, will bolls

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Speaker 1: are licensing arm think for fifty All of those things

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Speaker 1: will make up what that looks like money in sports.

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Speaker 1: It's one of the reasons why I enjoy doing on

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Speaker 1: Money Night Countdown and talk about some of the more

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Speaker 1: interesting aspects of business of sports. When you're talking sports,

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Speaker 1: discipline is the bridge from being good to ultimately being

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Speaker 1: great at whatever it is that you're trying to be

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Speaker 1: your accomplished as your professional. Bloomberg Business of Sports from

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Speaker 1: Bloomberg Radio. This is the Bloomberg Business of Sports Show

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Speaker 1: where we explore the big money issues in the world

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Speaker 1: of sports at Michael Barr, I'm Scarlett, and I'm Mike Lynch.

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Speaker 1: Coming up today, we're speaking with Chris Cabot, chief executive

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Speaker 1: officer at Steinberg Sports and Entertainment. That is straight ahead

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Speaker 1: on the Bloomberg Business of Sports Show. Don't make a

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Speaker 1: deal today, knowing that the pot is to be much deeper, thicker, wider,

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Speaker 1: and rounder in a couple of years. But first let's

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Speaker 1: look at some of the top stories of the week,

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Speaker 1: beginning with the Kentucky Derby Record. Oh this, this story

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Speaker 1: is near and dear and personal to me because it's

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Speaker 1: a good story. It's my wife picked the long shot

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Speaker 1: to win at eighty to one. She had she said,

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Speaker 1: hurry up, put fifty two dollars on it. And I

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Speaker 1: went through the Twin Spires website because I had to

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Speaker 1: get it up. She couldn't get it up. First, she

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Speaker 1: called me bad juju, and then she said, you know, oh,

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Speaker 1: we'll hurry up there, make make this bet. And it's

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Speaker 1: like and I got it in three minutes the post

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Speaker 1: and and of course I've been on epicenter, you know.

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Speaker 1: But Mrs Sweeney came through and good for her. And

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Speaker 1: so what prompted her to pick that one? Because she

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Speaker 1: likes betting the long shot. She always says in a

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Speaker 1: race like this, any race, I want the longest shot

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Speaker 1: out there on the board. And it was about as

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Speaker 1: scientific as grabbing a box of tissues. That is God instinct. Yeah,

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Speaker 1: that was it. That was it. So hopefully I R.

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Speaker 1: S is not listening. What was the pay? Uh? Well,

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Speaker 1: it was four thousand, three hundred pennies. Pennies missed the

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Speaker 1: tax man. So you can see why this was the

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Speaker 1: most heavily bet Kentucky Derby ever. Uh and the bars contributed,

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Speaker 1: Because the bars contributed to this record. One hundred seventy

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Speaker 1: nine million was bet in the paramutual pool on Saturday's

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Speaker 1: Kentucky Derby. That's a seventeen percent increase over at last

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Speaker 1: year's car Yeah, and eight percent greater than the previous

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Speaker 1: record set in I've never actually attended any kind of

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Speaker 1: party or event related to the Kentucky Derby, but every

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Speaker 1: year it feels like I'm sorry to miss out because

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Speaker 1: this is where anything could happen. As you well know,

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Speaker 1: Michael Bar, it's fun. You dress up, um, you put

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Speaker 1: fake money or real money on a horse, and uh,

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Speaker 1: everybody's a participant, and everyone cheers and yells for two minutes,

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Speaker 1: you know, it's just gonna say. And it's fast, right,

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Speaker 1: it's two minutes. It's the most exciting two minutes in sports,

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Speaker 1: better than the two minutes rill in the National Football

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Speaker 1: League game. And I can only imagine the decibel levels

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Speaker 1: going on in the bar household when down the stretch

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Speaker 1: they came Oh my good. You know, I can see Epicenter.

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Speaker 1: I mean, Epicenter is leading the race. He's got to

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Speaker 1: challenge on the outside and like, but he's got this.

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Speaker 1: But all of a sudden, here comes this horse on

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Speaker 1: the rail and I'm like, what is this horse? And

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Speaker 1: Linda says, that's my horse and I'm like yeah, yeah, yeah, yeah, yeah,

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Speaker 1: what's that horse? And it's like and twenty one crossed

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Speaker 1: rich Strike. I couldn't believe it. That was That was amazing. Well,

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Speaker 1: congratulations to the Bar family. Well, yes to Linda Bar,

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Speaker 1: you were part of the whole experience. Yes. Then I

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Speaker 1: then I had to go pay for a water heater

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Speaker 1: that busted them. But anyway, as a news story, Altogain

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Speaker 1: moving right along, uh Naomi Osaka. She is leaving IMG

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Speaker 1: to form her own sports agency. That's uh, that's a

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Speaker 1: pretty big adventures. She's going out on her own and

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Speaker 1: she's leaving with her agents Stewart Douguid, who's also leaving IMG.

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Speaker 1: Her contract expired at the end of last year and

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Speaker 1: I guess they did make some effort to renew the deal.

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Speaker 1: It didn't go anywhere. So this is her next step.

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Speaker 1: I mean, she is a force in in and of herself.

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Speaker 1: Um Lynchy, you and I were talking about the one

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Speaker 1: hundred highest earning athletes, and she is up there in

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Speaker 1: the one hundred top one hundred at number twenty right right,

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Speaker 1: with a fifty three point two million dollars in endorsements.

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Speaker 1: And that's that's that's the big picture here that they're

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Speaker 1: looking at. I mean, she has some great companies that

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Speaker 1: she represents, Nike, MasterCard, what do they Levi's, Louis Vuitton.

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Speaker 1: She also has her own companies to yes, she does.

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Speaker 1: And that's the type of clients that they're going to

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Speaker 1: be looking for. And ironically, Kyrie Irving asked if they

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Speaker 1: had any room for some hoopsters roster. She she is

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Speaker 1: breaking it in uh and as you alluded to a

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Speaker 1: bit scar. She's ranked on from our friends at Sportico

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Speaker 1: in the list of the world's highest paid athletes prize

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Speaker 1: money and endorsements, totaling fifty three point two million dollars,

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Speaker 1: and is the top earner among women. There are only

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Speaker 1: two women on that topic. I mean that that's the

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Speaker 1: to be sure, they're men's and women's Rugby World Cup.

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Speaker 1: It is coming right here to the U s car

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Speaker 1: It is. The World Rugby has confirmed that Australia and

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Speaker 1: the US will be the next two hosts. It will

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Speaker 1: be in Australia, the U s will host competition for

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Speaker 1: the first time in one and then the women's tournament

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Speaker 1: will be in three. Is that enough time for everyone

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Speaker 1: to understand what rugby is and what the rules are.

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Speaker 1: I think what they're gonna do this is gonna be

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Speaker 1: very much like when the World Cup came here. Everyone

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Speaker 1: knew what soccer was, but you bring a major international

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Speaker 1: event to this country and you sort of ride the wave.

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Speaker 1: So I think they're hoping that when the men participate

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Speaker 1: in one that the interest will will swell and then

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Speaker 1: bang here would come two years later down the pike,

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Speaker 1: here comes to women's World Cup. I think it's a

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Speaker 1: great strategic move by by the World Rugby Federation. And

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Speaker 1: you want to talk about economic impact, it was held

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Speaker 1: in Japan five point three nine billion with a B

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Speaker 1: billion financial impact for the local economy. You know what

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Speaker 1: you want to make financial impact? Set up some betting

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Speaker 1: lines and you know, Michael Barr and family might see,

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Speaker 1: he's already laughing. Let's see. You know rugby at I

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Speaker 1: I respect them because you know football. I mean, you

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Speaker 1: talk about a contact sport, rugby, they do it. Yeah,

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Speaker 1: we don't need any equipment. Last into the other guy,

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Speaker 1: I have to give it to him. That's they look

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Speaker 1: like they're dressed to play soccer and then they're doing

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Speaker 1: anything but playing. Soficer. Just ask Ross on friends you

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Speaker 1: know who used to play rugby. I wonder if he

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Speaker 1: still does. Celebrity chef Gordon Ramsey, he was he. Chris Cabot,

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Speaker 1: Chief executive office here of Steinberg Sports and Entertainment. Thank

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Speaker 1: you for joining us right here on the Bloomberg Business

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Speaker 1: of sports there. It's great to be How is everybody today, Oh,

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Speaker 1: we're great. Well, the some of the Rangers fans and

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Speaker 1: some of the Bruins fans. I'm not going to mention

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Speaker 1: what we're talking about, but you know, but you know,

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Speaker 1: when you're a Detroit Red Wings fan, hey man, you

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Speaker 1: just yeah, I have to admire through them. So I'm

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Speaker 1: channeling my Let me let me start with the first

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Speaker 1: question is that you know you you've taken on a

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Speaker 1: big role here in football. Uh, the agency moving beyond

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Speaker 1: football and expanding into pro basketball and baseball. Why are

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Speaker 1: you doing it now? Sure? Well, I was I'm very

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Speaker 1: blessed and I'm a real faith based guy. And early

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Speaker 1: nineties we've probably gonna lose our home. As kind of

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Speaker 1: resounding instructions to help people make a difference, I said,

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Speaker 1: does the voice of God? In in my twenties, I

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Speaker 1: ran across country and track because it didn't cost anything.

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Speaker 1: The harder I worked, the better I got fast forward,

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Speaker 1: you know, twenty years, and I during that process, i'd

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Speaker 1: start an agency from scratch. Just want to help people

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Speaker 1: make a difference. You know, what I believe is my

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Speaker 1: divine calling. And I could do more as an agent

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Speaker 1: and as an attorney, working more proactively, and uh, you know,

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Speaker 1: God got out a plan and I was fortunate up

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Speaker 1: to meet Mr Steinberg. Obviously Lee Steinberg is God. Others

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Speaker 1: the agent industry that has a consult to him into

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Speaker 1: his board and I became on lead agent and later

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Speaker 1: became our CEO, than our president became our CEO, and

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Speaker 1: in that time we created something very unique in the

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Speaker 1: agency world. Usually one end of the spectrum is a

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Speaker 1: lone wolf or a boutique firm a lot of time

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Speaker 1: and attention, maybe not as many resources. The other end

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Speaker 1: of the spectrum is a lot of resources, maybe publicly

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Speaker 1: owned company or an agency is owned by a publicly

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Speaker 1: owned company. A lot of agents, a lot of clients,

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Speaker 1: all fighting for the same resources. We built what I

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Speaker 1: really believe the perfect hybrid, and that is more resources

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Speaker 1: than another group. Work collaboratively, but do it for intimate group,

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Speaker 1: select group of folks. And we've looked had a lot

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Speaker 1: of success without on the football side, And the more

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Speaker 1: I thought about it, I thought, you know what, they're

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Speaker 1: really talented agents and great families and great players and

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Speaker 1: other vertic lls of talent obviously in other sports that

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Speaker 1: could really benefit by being a part of our team.

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Speaker 1: So I just started to uh, you know, kind of

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Speaker 1: bruising landscape. Was lucky to be introduced with some great

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Speaker 1: folks in basketball and Mike Silverman and Brandon Greer and

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Speaker 1: Larry Reynolds. So I've had a really great two year

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Speaker 1: relationship with him and his staff. We're lucky enough to uh,

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Speaker 1: you know, the team up with Larry and his team

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Speaker 1: and create Equity Baseball and the Baseball division Stemmer Sports

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Speaker 1: and we emerged Athlete Management Group, Mike and Brandon's basketball

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Speaker 1: agency under y s I c umbrella that became SSC

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Speaker 1: Basketball and we're doing a great job leaving the charge there.

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Speaker 1: And we've uh, you know, we've got a great company,

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Speaker 1: we've got a good people, we've got good people, we've

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Speaker 1: got a great culture. So that was really the motivation

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Speaker 1: and expansion and good news. We have more to come,

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Speaker 1: some more announcements coming here soon. So Chris, I want

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Speaker 1: to get your read on the labor climate in pro

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Speaker 1: sports right now, especially coming off the lockout in the

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Speaker 1: Major League Baseball this spring. I know the NBA CBA

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Speaker 1: expires after season, the NFL one expires after the player

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Speaker 1: vote was closer than you might have thought. Um, just

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Speaker 1: one n yes is versus when it was passed a

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Speaker 1: couple of years ago. What what are you hearing? What

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Speaker 1: are you seeing in terms of how pro athletes feel

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Speaker 1: they are being protected by their leagues and their organizations,

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Speaker 1: especially in an environment where inflation is pretty rampant. I

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Speaker 1: think that I think that we all feel protection by

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Speaker 1: the unions. All the unions do a great job. I

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Speaker 1: think there are some realities that the sports that have

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Speaker 1: more games most games, obviously Major League Baseball, you know,

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Speaker 1: hundred sixty two games season versus football game now seventeen

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Speaker 1: game regular season the team. The sports that have more games,

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Speaker 1: the unions, they are tend to be a little bit

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Speaker 1: stronger because they have more leverage. They have a hundred

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Speaker 1: sixty two times to say we're not showing up, versus

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Speaker 1: in football, where it's seventeen times to say we're not

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Speaker 1: showing up. When you look at the TV deals, you

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Speaker 1: look at the media deals, they're going to be records.

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Speaker 1: You know. Obviously with sports gambling and gaming becoming legalized

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Speaker 1: in more and more states, it's gonna be more and

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Speaker 1: more revenue there. So what I would what I would

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Speaker 1: say to folks is don't make a deal today knowing

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Speaker 1: that the pot is going to be much deeper, thicker, wider,

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Speaker 1: and rounder in a couple of years. Here, I think

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Speaker 1: you really really really have to be keep an eye

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Speaker 1: of the future and decision you make today. And that's

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Speaker 1: even a player contracts. We're expecting all salary caps to

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Speaker 1: rise here in the next couple of years with the

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Speaker 1: different revenue streams I just talked about, So now the

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Speaker 1: time to be to be patient, educated on top of things,

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Speaker 1: and trust the process, but knowing that there's some great

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Speaker 1: opportunities coming. It's Mike lynch Up in in Boston. Obviously

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Speaker 1: he must have been keeping a keen eye on the

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Speaker 1: baseball lockout and the new collective bargaining agreement. Were you

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Speaker 1: guys on the sidelines before this was actually settled or

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Speaker 1: a were you forging ahead? Anyway, Reynolds is a pillar

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Speaker 1: in the baseball community. You know, the last two years,

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Speaker 1: Larry has talked to me a lot about what was

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Speaker 1: going on there and talked a lot to me about

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Speaker 1: kind of the you know, the points of contention, conflict, friction,

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Speaker 1: things of that nature. I know that he was very

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Speaker 1: much involved in a lot of communication, a lot of standpoints,

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Speaker 1: but ye know I was more on the sidelines for that,

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Speaker 1: but communicated to Now. I got a question. I want

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Speaker 1: to be the athlete and I want to build my

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Speaker 1: personal brand. So let's say here we are. We're the

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Speaker 1: best shuffle board team in America. We're Lynch, Yes, we

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Speaker 1: call ourselves Lynch E Scarbars, that's what we are. And

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Speaker 1: we want to build our personal brand. And we're coming

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Speaker 1: to you and we're saying, Chris, help us build our

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Speaker 1: personal brand. So how do you do it? There are

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Speaker 1: three things authenticity, content, and then engagement. I'd say that

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Speaker 1: with authenticity, what is authentic to you, what's unique to you,

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Speaker 1: what are you great at, what do you enjoy? So

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Speaker 1: I think I heard a lot in there about shuffle board.

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Speaker 1: If that's what you If that's what you're doing, do it,

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Speaker 1: do a lot of it, and then capture it. Have

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Speaker 1: that on social media content, Video content on social is

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Speaker 1: getting eyeballs almost two sometimes three to one compared to

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Speaker 1: that of static visual So Instagram, reels, TikTok's the things

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Speaker 1: of that nature. It's not gimmicky, it's just content, and

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Speaker 1: I would strongly encourage video content there. The next thing

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Speaker 1: is engaged, build with people, grow with people with folks,

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Speaker 1: comment and whatnot on your socials. Respond, engage, whether that's

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Speaker 1: like as actual comment back things of that nature. And

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Speaker 1: then when it comes to brand growth, great relationships. Don't

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Speaker 1: do transactions in good times, relationships will help build things.

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Speaker 1: In tough times, relationships will carry. So I've always, always,

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Speaker 1: always encouraged folks, and we've done it here. Some of

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Speaker 1: the biggest endorsements and commercials you see with clients started

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Speaker 1: off as I know we're not yet, we are persistent.

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Speaker 1: Let's build a relationship. So when the time is right.

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Speaker 1: The seeds were planning for harmon. Okay, those are great tips.

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Speaker 1: What if you are a college athlete UM and you're

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Speaker 1: going to go pro at some point and you're working

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Speaker 1: on authenticity, content, engagement, all those three things you mentioned,

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Speaker 1: how much of that can be outsourced and how much

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Speaker 1: of that do you end up having to do yourself.

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Speaker 1: I mean, these are athletes and they need to be training,

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Speaker 1: for sure. I agree a ton. So we've been acting

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Speaker 1: in I L We've been one of the leaders in

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Speaker 1: an ill representation. And what I tell our guys is

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Speaker 1: we want to work for you. You know, throughout the week.

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Speaker 1: I want you to work on that about an hour

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Speaker 1: or week. Where I want us to be is in

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Speaker 1: a situation where we're securing the opportunities for you, bringing

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Speaker 1: them to you, and if they make sense, terrific. If

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Speaker 1: they don't make sense, then we pass. But you've got

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Speaker 1: to keep the main thing the main thing. And for

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Speaker 1: student athletes, the main thing is academics and athletics, and

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Speaker 1: if you take away from that, if you take away

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Speaker 1: from your platform, you lose the opportunity to really monetize

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Speaker 1: the first step I gave him building a brand with authenticity.

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Speaker 1: In order to be authentic with something, you have to

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Speaker 1: do it. And if you lose the main thing, which

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Speaker 1: is the thing you do, you rob yourself the opportunity

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Speaker 1: to monetize and build a brand. Chris Um. When you

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Speaker 1: approach baseball players and basketball players, it's different from football players.

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Speaker 1: Lee Steinberg is the gold standard. Does he still have

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Speaker 1: the same cash, the same juice when you're talking to

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Speaker 1: a baseball or basketball player In our unique set up,

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Speaker 1: I'm I'm our lead agent football, so obviously I'm leading

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Speaker 1: a lot of those charges and a lot of our

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Speaker 1: recruiting and well sus some great football agents Kmeron Foster,

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Speaker 1: Dan Saffronsmanthon Sankovits, Sellyn Roberts, Derek Cockridge, Sam Mirza, you know,

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Speaker 1: really a great team over here, and in a lot

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Speaker 1: of times I'm leading those charges. Sometimes I'm working in

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Speaker 1: support of them. In baseball obviously, you know, led by

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Speaker 1: Larry Reynolds, Terry Jones, Mike Dylan, Patrick Murphy basketball and

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Speaker 1: led by Brandon Greer Mike Silverman in basketball baseball, I'm

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Speaker 1: working in support of them. But what I will tell

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Speaker 1: you is that something I'm enjoying in the growth of

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Speaker 1: our company is being able to talk to some of

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Speaker 1: the athletes in baseball, in basketball, and what I'm seeing

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Speaker 1: is that there's crossover from the football industry. Also, I'm

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Speaker 1: a guy who came into talent representation as an entertainment attorney,

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Speaker 1: So the very early years of my career were very

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Speaker 1: much spending music and film and media. And we're just

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Speaker 1: able to bring a lot of crossover experience and to

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Speaker 1: baseball and basketball and do some things that we've had

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Speaker 1: a success within football and branding and market that haven't

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Speaker 1: been done before. So I think we bring a lot,

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Speaker 1: you know, to an athlete, a lots of your cash

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Speaker 1: A Like I said the outside the interview, we offer

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Speaker 1: more resources collaboratively than any other group. And when you

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Speaker 1: work with SSC, you're working with not only your on

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Speaker 1: field representation but off the field. And folks always think

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Speaker 1: about endorsements and stuff like that, but it's it's media,

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Speaker 1: it's scripted unscripted content, it's content creations and f t s.

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Speaker 1: It's your memorabilia, it's it's charity, it's philanthropy, it's community involvement.

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Speaker 1: Its second career and all of those, or at least

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Speaker 1: Steinberg pillards. So while Mr Steinberg may not be active

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Speaker 1: in representation as much today as he wants was. He's

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Speaker 1: learned that right at seventy three years old and a

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Speaker 1: really Hall of Fame career. The architecture he created still

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Speaker 1: very much live and breathe and everything we do to

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Speaker 1: use the term he's already made. His bones is footed

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Speaker 1: that way. I mean he he is the guy. In

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Speaker 1: case anybody doesn't know of you haven't seen the movie

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Speaker 1: Jerry McGuire or you have, that's who Jerry McGuire is

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Speaker 1: modeled off of. Just as a personal note for you,

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Speaker 1: what is it like? You know, this is the dude?

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Speaker 1: This is it? I mean, you know, it's like, Okay,

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Speaker 1: I'm gonna model myself off of John Glenn when I

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Speaker 1: go into space. This is the same type of analogy.

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Speaker 1: What's it like? Well, first of all, my respect for

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Speaker 1: for Lee is amazing, truly a treasure to our American society.

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Speaker 1: One of the brightest people I've ever met. I remember

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Speaker 1: the first time I met Lee, and I know I've

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Speaker 1: been blessed. I as a younger person, was very active

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Speaker 1: in politics on both sides, as far as like motorcades

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Speaker 1: for presidents presidential candidates, again, both sides of the aisles.

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Speaker 1: Into the White House and when you when you meet Lee,

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Speaker 1: you instantly know you're in the presence of a higher

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Speaker 1: intelligence and it's really a special So I try to

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Speaker 1: be a sponge. Learned as much as I could from me,

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Speaker 1: both professionally and personally, and you know, I feel very honored.

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Speaker 1: I would say that being the CEO of Steinberg Sports

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Speaker 1: Entertainment is like being named the CEO at Nike and

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Speaker 1: being told it's your responsibility carried on the swoosh. So

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Speaker 1: it's exciting. I've been able to put a lot of

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Speaker 1: my own unique twist for my own experience. I'm very

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Speaker 1: lucky too that I was mentored in the entertainment industry,

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Speaker 1: but an entertainment industry by gentleman named wood Remick, who

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Speaker 1: taught me so much about business and life and law.

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Speaker 1: And I've been able to take you know, my first

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Speaker 1: started working when I was thirteen years old under the table,

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Speaker 1: and I've taken thirty years of work experience and I've

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Speaker 1: poured it into everything we're doing. So to be able

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Speaker 1: to take ideals that have been tried and through from

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Speaker 1: a fifty years sincer Steinberg and put a unique twist

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Speaker 1: on as a real blessing. So I'm going to talk

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Speaker 1: now very quickly along with Scarlet Foo and Mike Lynch

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Speaker 1: as we talk about endorsements, which is huge. It's been

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Speaker 1: huge ever since they were pitching Vitalis and Wild Root

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Speaker 1: cream oil. This goes on and I know everybody's like,

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Speaker 1: now they're going on Google, what's this man talking about?

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Speaker 1: But this is nothing new about endorsements. This is this

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Speaker 1: goes on now and you mentioned it earlier today, like Nike, Adidas, Amazon,

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Speaker 1: we can go on and on crypto exchange. Yeah, see

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Speaker 1: that's a that's a whole brand new avenue. What what

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Speaker 1: is it like now in this landscape for these kind

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Speaker 1: of endorsements, it's a great opportunity. Obviously, the rise of

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Speaker 1: social media has given athletes in particular the chance to

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Speaker 1: really build their brand, to really build their following, to

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Speaker 1: really build their profile. We're a society that's attached to

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Speaker 1: a phone. We're frequently viewing. They get a moment, they're

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Speaker 1: going on TikTok, they're going on Instagram, they're scrolling through things.

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Speaker 1: People aren't watching TV as much. People are watching people,

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Speaker 1: so the opportunities are masked. Obviously, brands want to connect

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Speaker 1: with consumers and who better to connect with and the

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Speaker 1: people that are being watched by the people. I mentioned

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Speaker 1: earlier in the interview about authenticity, and I think that

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Speaker 1: authenticity is the root of any great brand partnership. We've

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Speaker 1: been lucky to do a lot of good ones. Some

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Speaker 1: of the brand you mentioned, the Nikes, the Adidas is,

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Speaker 1: the Jordan's, the Gosh, the Amazon. We've worked with all

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Speaker 1: of them, verizing Gillette Um. We've been active in the

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Speaker 1: n f T space. At the end of the day,

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Speaker 1: it all has to be been acting to crypto space.

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Speaker 1: It's all has to be authentic. That's where things live

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Speaker 1: best with something's authentic and feels good. It feels real,

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Speaker 1: It gets eyeballs, it gets engagement, and it usually gives

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Speaker 1: birth to a very long lasting brand partnership between the

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Speaker 1: talent and the brand. Yeah. I think about Tom Brady

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Speaker 1: and the different endorsements he has um ug Boots, under Armour,

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Speaker 1: Tay Hoyer, Movado Asid Martin, um Glass of SmartWater. The

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Speaker 1: list just goes on and on. I'm curious, Chris, to

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Speaker 1: get your take on the deal that Tom Brady reportedly

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Speaker 1: will be joining Fox Sports as an analyst once his

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Speaker 1: playing career is over and for now, Mike Michael Barre,

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Speaker 1: we believe it's over, right. I mean, it could change

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Speaker 1: because it's changed before. But we think we think he's retired.

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Speaker 1: Well now he's gonna what what the way this deal

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Speaker 1: is working? Once he retires, he is going to go

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Speaker 1: to Fox. So he still is going to as he

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Speaker 1: put it in his tweet, he has more business to

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Speaker 1: do on the football. Okay, so eventually this will happen. Um,

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Speaker 1: I'm curious from you, Chris, how how do you transform

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Speaker 1: a professional athlete who spends most of their playing career

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Speaker 1: trying to avoid answering questions from the media to becoming

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Speaker 1: a member of the media and sharing their innermost thoughts

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Speaker 1: on what goes on in the game. I mean, that's

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Speaker 1: that's a different that's a switch in the brain in

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Speaker 1: terms of how you approach speaking to the public. Great question.

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Speaker 1: And when it comes to Tom Drew, Brees, Tony Romo

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Speaker 1: quarterbacks who have played obviously, Dan Fouts one of the

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Speaker 1: you know, one of the the legends as a broadcaster,

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Speaker 1: Greasy family, you know obviously Bob legend there. What you

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Speaker 1: look for is unique thought, unique content, unique approach, and

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Speaker 1: I think what you saw when Tony Romo grabbed the

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Speaker 1: microphone was obviously Tony wasn't so much talking about people,

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Speaker 1: but he was talking about the game, situations in the game,

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Speaker 1: Here's what's going to happen here. Things like that, Tom,

426
00:24:36,920 --> 00:24:39,679
Speaker 1: I would say, little more than likely follow through in

427
00:24:39,680 --> 00:24:42,480
Speaker 1: a similar path and give a lot of really unique insights.

428
00:24:42,560 --> 00:24:45,919
Speaker 1: One of Tom's greatest strength is a quarterback, has been

429
00:24:45,920 --> 00:24:47,840
Speaker 1: knowing where the ball is going, or knowing where the

430
00:24:47,880 --> 00:24:51,119
Speaker 1: play is going before the it's snapped, before the snap.

431
00:24:51,280 --> 00:24:55,280
Speaker 1: It's brilliant and I think that would give viewers listeners

432
00:24:55,600 --> 00:24:59,520
Speaker 1: a really interesting perspective that they'll enjoy as football fans.

433
00:24:59,800 --> 00:25:04,560
Speaker 1: At the same time. Obviously, any interview responsibilities he has

434
00:25:04,720 --> 00:25:06,560
Speaker 1: or anything like that, he's going to be able to

435
00:25:06,560 --> 00:25:09,960
Speaker 1: do a great job. You know, he's He's done press

436
00:25:10,000 --> 00:25:14,720
Speaker 1: conferences for twenty plus years, endorsements throughout the you know,

437
00:25:14,840 --> 00:25:17,840
Speaker 1: throughout decades. He knows how to handle the camera, he

438
00:25:17,840 --> 00:25:19,600
Speaker 1: knows how to talk to people. Tom is a really

439
00:25:19,680 --> 00:25:22,320
Speaker 1: good person and I know he'll do a great job.

440
00:25:22,800 --> 00:25:26,160
Speaker 1: And however, he's used Chris one of my college teammates

441
00:25:26,240 --> 00:25:29,920
Speaker 1: I believe was Lee's first client, Pat mcinnelly that was

442
00:25:29,960 --> 00:25:33,080
Speaker 1: back in nineteen and I've talked to Lee about this

443
00:25:33,160 --> 00:25:36,600
Speaker 1: in pat about how simple it was back then. And

444
00:25:36,640 --> 00:25:39,040
Speaker 1: now you go fast forward to the deal you guys

445
00:25:39,080 --> 00:25:43,919
Speaker 1: put together for Patrick Mahomes fifty million dollar ten year extension.

446
00:25:44,800 --> 00:25:48,359
Speaker 1: How long did it take to navigate intempt conclusion on

447
00:25:48,480 --> 00:25:51,040
Speaker 1: that deal, worked on that. I've worked on that deal

448
00:25:51,080 --> 00:25:55,440
Speaker 1: for eighteen months. Eighteen months was frequently eighteen months. That

449
00:25:55,520 --> 00:25:59,160
Speaker 1: was frequent meetings with the team, conversations. We knew that

450
00:25:59,400 --> 00:26:01,560
Speaker 1: it's going to be a deal or be extremely different,

451
00:26:01,560 --> 00:26:05,639
Speaker 1: extremely unique. Obviously, when you're you're talking about a quarterback

452
00:26:05,960 --> 00:26:09,119
Speaker 1: that's on a Super Bowl winning team with an owner

453
00:26:09,840 --> 00:26:13,280
Speaker 1: its established as a Hunt family and a head coach

454
00:26:13,440 --> 00:26:16,840
Speaker 1: that was incredible as coach read and a general manager

455
00:26:16,920 --> 00:26:20,399
Speaker 1: like Red Beach and offensive coordinator like Eric the Enemy

456
00:26:20,520 --> 00:26:23,639
Speaker 1: and count around you, You've got the chance to do

457
00:26:23,760 --> 00:26:26,000
Speaker 1: something special. You have a chance to build a dynasty,

458
00:26:26,240 --> 00:26:28,800
Speaker 1: not just get a great contract. You have to take

459
00:26:28,840 --> 00:26:32,240
Speaker 1: your time because you have to understand where the team

460
00:26:32,320 --> 00:26:34,639
Speaker 1: is going to be. You have to understand every contract

461
00:26:34,640 --> 00:26:37,840
Speaker 1: of every player on that roster, what the future looks like.

462
00:26:37,920 --> 00:26:39,480
Speaker 1: You have to be able to chart that out, map

463
00:26:39,560 --> 00:26:42,439
Speaker 1: that out for about five seasons, so that's why there

464
00:26:42,480 --> 00:26:44,000
Speaker 1: was so much time to went into that and then

465
00:26:44,040 --> 00:26:47,800
Speaker 1: they actually negotiating government. So very happy for Patrick, very

466
00:26:47,840 --> 00:26:51,560
Speaker 1: proud of Patrick. You won't be the nicer person, you

467
00:26:51,600 --> 00:26:54,080
Speaker 1: won't meet a harder worker, you won't meet more of

468
00:26:54,080 --> 00:26:58,520
Speaker 1: a gentleman, raised by incredible parents, raised by a great community.

469
00:26:58,960 --> 00:27:02,760
Speaker 1: So a lot of work winning that. Very very proud

470
00:27:02,800 --> 00:27:05,120
Speaker 1: of me. I mean, in eighteen months, a lot can

471
00:27:05,160 --> 00:27:06,920
Speaker 1: go right and a lot can go wrong. What was

472
00:27:06,960 --> 00:27:10,040
Speaker 1: the most surprising part of that eighteen month odyssey? What

473
00:27:10,040 --> 00:27:12,000
Speaker 1: what did you learn from that that you can apply

474
00:27:12,119 --> 00:27:16,600
Speaker 1: to the next blockbuster deal that you that you negotiate.

475
00:27:16,960 --> 00:27:19,840
Speaker 1: We have more of our sleeves. So the good news

476
00:27:19,840 --> 00:27:22,399
Speaker 1: of it is there will be things to apply. But

477
00:27:22,480 --> 00:27:26,120
Speaker 1: I think just the reality in all that is, although

478
00:27:26,480 --> 00:27:30,800
Speaker 1: football is a cap sport, unlike baseball, you have a

479
00:27:30,880 --> 00:27:36,320
Speaker 1: situation where funding requirements within the NFL dictate what can

480
00:27:36,359 --> 00:27:39,680
Speaker 1: be spent what can't be spent. It's been the main

481
00:27:39,760 --> 00:27:44,840
Speaker 1: reason by having fully guaranteed contracts has been you know,

482
00:27:44,960 --> 00:27:48,960
Speaker 1: slim to none. Obviously, guarantees are going up more. Brown's

483
00:27:49,000 --> 00:27:52,320
Speaker 1: is to a fully guaranteed contract with Sean Watson, but

484
00:27:52,400 --> 00:27:55,800
Speaker 1: in order. Unlike basketball and baseball that run on payroll,

485
00:27:56,480 --> 00:27:59,320
Speaker 1: run essentially as cash is coming in during the season,

486
00:28:00,119 --> 00:28:03,840
Speaker 1: NFL requires you to send a check for any guaranteed

487
00:28:03,880 --> 00:28:07,640
Speaker 1: money to the league and essentially sits in a massivesque

488
00:28:07,640 --> 00:28:10,480
Speaker 1: crow count and then as the season goes on and

489
00:28:10,680 --> 00:28:12,399
Speaker 1: so that money gets turned back to you and you

490
00:28:12,400 --> 00:28:16,760
Speaker 1: can run payroll from that. So it the requirements are

491
00:28:16,880 --> 00:28:21,239
Speaker 1: vast and incredible, and I think when you look at

492
00:28:21,320 --> 00:28:26,720
Speaker 1: new franchises you know expansion one day and potential ownership,

493
00:28:26,880 --> 00:28:31,560
Speaker 1: or you look at franchises that are going to be sold,

494
00:28:31,640 --> 00:28:34,560
Speaker 1: like for example, the Broncos. If you're to put the

495
00:28:34,560 --> 00:28:37,040
Speaker 1: players in the best position possible to have the best

496
00:28:37,119 --> 00:28:40,680
Speaker 1: chances for guarantees and fully guaranteed contracts, you're going to

497
00:28:40,800 --> 00:28:44,000
Speaker 1: need to have ownership groups that are able to frequently

498
00:28:44,040 --> 00:28:48,120
Speaker 1: print money. When you look at Arthur Blank at Home Deepen, Atlanta,

499
00:28:48,680 --> 00:28:52,680
Speaker 1: when you look at the Haslands in Cleveland with Pilot

500
00:28:52,720 --> 00:28:57,280
Speaker 1: flying j you're seeing businesses there that print daily money.

501
00:28:57,720 --> 00:29:01,040
Speaker 1: And if that's the support of owner ship, that's going

502
00:29:01,080 --> 00:29:04,959
Speaker 1: to give you a great opportunity to have fully guaranteed contracts. Obviously,

503
00:29:05,040 --> 00:29:09,480
Speaker 1: them homes contract with the guarantee mechanisms essentially guarantee over

504
00:29:09,640 --> 00:29:13,280
Speaker 1: ten years, which is pretty miraculous. And you know, kudos

505
00:29:13,360 --> 00:29:16,920
Speaker 1: to to Brand tell us really sharp salary cap expert

506
00:29:17,000 --> 00:29:19,880
Speaker 1: with the chiefs work with Brand on those mechanisms and

507
00:29:19,920 --> 00:29:22,160
Speaker 1: that concept. That was the first time in sports history

508
00:29:22,680 --> 00:29:26,440
Speaker 1: they create an opportunity for players to have guaranteed later

509
00:29:26,440 --> 00:29:29,360
Speaker 1: in their career, which has been tough in a collision

510
00:29:29,400 --> 00:29:32,840
Speaker 1: sport like football. So definitely we'll take those mechanisms and

511
00:29:32,880 --> 00:29:36,600
Speaker 1: those concepts moving forward. And also, like I said, the

512
00:29:36,640 --> 00:29:40,480
Speaker 1: ability to have the cash flow to write the guaranteed

513
00:29:40,600 --> 00:29:43,360
Speaker 1: check to the league's escrow will go into a lot

514
00:29:43,400 --> 00:29:47,760
Speaker 1: of future negotiations. I'd like to talk about athletes and

515
00:29:48,240 --> 00:29:52,680
Speaker 1: the media relationship because as you go on later in

516
00:29:52,800 --> 00:29:56,320
Speaker 1: your career, you're gonna need the media. Look, I know

517
00:29:56,440 --> 00:29:58,960
Speaker 1: the media we can ask stupid questions if you were football,

518
00:29:59,000 --> 00:30:00,760
Speaker 1: what kind of football would you be? And all the

519
00:30:00,800 --> 00:30:04,840
Speaker 1: other stupid questions. But at the same time, I remember

520
00:30:04,880 --> 00:30:06,760
Speaker 1: Marshawn Lynch and he was when he was in the

521
00:30:06,760 --> 00:30:12,360
Speaker 1: Super Bowl and he came out and it was mandatory

522
00:30:12,400 --> 00:30:15,120
Speaker 1: and he said, look, I am not answering any questions.

523
00:30:15,160 --> 00:30:16,840
Speaker 1: I was gonna stare at you for about a couple

524
00:30:16,840 --> 00:30:19,680
Speaker 1: of minutes, and that's it. And that's what we got

525
00:30:19,720 --> 00:30:23,760
Speaker 1: now today. Because he's in business, you can't keep him quiet.

526
00:30:23,880 --> 00:30:28,160
Speaker 1: So at some point he realized you do need the media.

527
00:30:28,800 --> 00:30:30,960
Speaker 1: But I guess my question is how much and what's

528
00:30:31,000 --> 00:30:34,880
Speaker 1: the balance. I think it's important for every professional athlete

529
00:30:34,920 --> 00:30:37,800
Speaker 1: to know, or anyone expires to be a professional athlete

530
00:30:37,840 --> 00:30:41,480
Speaker 1: to know that there are media requirements, and it's it's

531
00:30:41,520 --> 00:30:44,240
Speaker 1: part of the game. It's part of the business of sports.

532
00:30:44,720 --> 00:30:48,520
Speaker 1: Be respectful, be kind, treat people woul you'd like to

533
00:30:48,560 --> 00:30:52,760
Speaker 1: be treated. Obviously, handle things that are salient to what's

534
00:30:52,760 --> 00:30:57,360
Speaker 1: going on. Understand everyone there to do their job. You included.

535
00:30:58,080 --> 00:31:03,320
Speaker 1: If things go outside the the bounds of responsibility in questioning,

536
00:31:03,680 --> 00:31:06,600
Speaker 1: you know, one can politely decline to comment from that

537
00:31:07,160 --> 00:31:10,440
Speaker 1: and you you move forward with it. It just things

538
00:31:10,480 --> 00:31:13,360
Speaker 1: like the golden role, and you know, obviously everyone has

539
00:31:13,360 --> 00:31:17,680
Speaker 1: their approach, but it's it comes with being a professional athlete.

540
00:31:17,960 --> 00:31:20,960
Speaker 1: Need responsibilities, meeting engagement, things like that. It's part of

541
00:31:21,000 --> 00:31:24,000
Speaker 1: the business of sports. Chris Cabot, you are the man.

542
00:31:24,160 --> 00:31:27,360
Speaker 1: You've laid a lot of knowledge on us. Chris Cabot,

543
00:31:27,520 --> 00:31:32,040
Speaker 1: Chief executive officer for Steinberg Sports and Entertainment. You were

544
00:31:32,120 --> 00:31:34,760
Speaker 1: so kind to join us, and thank you for dealing

545
00:31:34,800 --> 00:31:38,920
Speaker 1: with my my goofy butt. Uh. Scar and Lynchy are

546
00:31:38,960 --> 00:31:41,000
Speaker 1: are great at it. As you can see. I'm the

547
00:31:41,040 --> 00:31:44,280
Speaker 1: fool here on the show. So but thank you, Chris.

548
00:31:44,280 --> 00:31:46,960
Speaker 1: I'm so glad you took time out to come and

549
00:31:47,000 --> 00:31:49,840
Speaker 1: play with us in our sandbox. No, it was my pleasure.

550
00:31:49,960 --> 00:31:52,440
Speaker 1: Thanks for having me. You know, really enjoyed speaking with

551
00:31:52,480 --> 00:31:56,720
Speaker 1: all of you. Chris Cabot taught me a lot about

552
00:31:56,800 --> 00:32:00,880
Speaker 1: being an agent. I know that you know that may

553
00:32:01,280 --> 00:32:04,800
Speaker 1: generalize what he does for a living, but there's a lot.

554
00:32:04,840 --> 00:32:07,440
Speaker 1: There's so many avenues that you have to go through.

555
00:32:07,520 --> 00:32:11,640
Speaker 1: You're going through endorsements, You're going through uh trying to

556
00:32:11,640 --> 00:32:15,600
Speaker 1: to build a relationship, to get your brand out. There

557
00:32:16,440 --> 00:32:19,400
Speaker 1: is so much that you have to do as an

558
00:32:19,440 --> 00:32:23,080
Speaker 1: agent to help your client make as much money as

559
00:32:23,120 --> 00:32:25,800
Speaker 1: he or she can. I kept thinking that we were

560
00:32:25,840 --> 00:32:28,360
Speaker 1: talking to the real life successor to Jerry McGuire, which

561
00:32:28,400 --> 00:32:30,760
Speaker 1: is not real life, but felt that way, um in

562
00:32:31,120 --> 00:32:33,320
Speaker 1: terms of the kinds of topics were discussing. I was

563
00:32:33,360 --> 00:32:36,480
Speaker 1: fascinated by his explaining the business model of the NFL

564
00:32:36,640 --> 00:32:40,200
Speaker 1: and how how they pay for everything versus the m

565
00:32:40,320 --> 00:32:42,680
Speaker 1: l v B teams um and their payroll and how

566
00:32:42,720 --> 00:32:45,280
Speaker 1: that structured. It was really interesting and explains a lot

567
00:32:45,320 --> 00:32:48,160
Speaker 1: about why you don't have guaranteed contracts the way you

568
00:32:48,240 --> 00:32:51,000
Speaker 1: do in the other sports. You know, I brought up

569
00:32:51,040 --> 00:32:53,000
Speaker 1: the fact I was trying to name drop. Then my

570
00:32:53,040 --> 00:32:56,920
Speaker 1: college teammate was his first client, Pat mcinnally Cincinnati Bengals.

571
00:32:58,280 --> 00:33:01,120
Speaker 1: It literally took about two hours to negotiate his contract

572
00:33:03,200 --> 00:33:06,840
Speaker 1: versus eighteen months months. Yeah, that's one of my takeaways here.

573
00:33:06,880 --> 00:33:09,120
Speaker 1: He's like, Okay, you played wide receiver at Harvard, you're

574
00:33:09,120 --> 00:33:11,160
Speaker 1: a punter. You're going the Bengals in the sixth round. Uh,

575
00:33:11,400 --> 00:33:13,080
Speaker 1: here's what you gotta take it to leave it. We're

576
00:33:13,080 --> 00:33:15,120
Speaker 1: gonna leave it. Okay, take it to leave it. I

577
00:33:15,160 --> 00:33:19,400
Speaker 1: think we'll take it. Okay, boom. Now we go eighteen months,

578
00:33:19,400 --> 00:33:22,160
Speaker 1: four fifty million dollars over ten years. You know that's

579
00:33:22,160 --> 00:33:25,280
Speaker 1: a boy. Times have changed. Eighteen months. You could have

580
00:33:25,360 --> 00:33:30,280
Speaker 1: two kids during that time. No kid. Wow, I didn't

581
00:33:30,280 --> 00:33:32,440
Speaker 1: think about it like that. But yeah, I guess you're right.

582
00:33:32,560 --> 00:33:35,840
Speaker 1: You you can it. But going from two months to

583
00:33:35,960 --> 00:33:39,840
Speaker 1: that to even two weeks man, it just goes, you know, wow.

584
00:33:40,360 --> 00:33:45,360
Speaker 1: But I really respect what he does and the knowledge

585
00:33:45,440 --> 00:33:50,680
Speaker 1: that he has and working behind four man Lee Steinberg.

586
00:33:51,040 --> 00:33:55,000
Speaker 1: I mean, like I said, Steinberg has made his bones.

587
00:33:55,200 --> 00:33:59,400
Speaker 1: He's set, I mean, and he's the standard that everybody

588
00:33:59,400 --> 00:34:04,640
Speaker 1: tries to file him. Want to kids, feels better to

589
00:34:04,680 --> 00:34:06,640
Speaker 1: be number one than number five. I'll wear a number

590
00:34:06,680 --> 00:34:08,279
Speaker 1: because of Mike. We have a chance to go for

591
00:34:08,320 --> 00:34:10,000
Speaker 1: three in a row. Good numbers are a good time.

592
00:34:10,040 --> 00:34:12,080
Speaker 1: When I first started wearing the number, how we just

593
00:34:12,120 --> 00:34:15,600
Speaker 1: have been proud Bloomberg Business of Sports. The number of

594
00:34:15,600 --> 00:34:22,120
Speaker 1: the week, Yep, it's time. In case you guys miss

595
00:34:22,320 --> 00:34:25,520
Speaker 1: it's time for the number of the week. Now. I'm

596
00:34:25,560 --> 00:34:28,320
Speaker 1: going for a pretty obscure one this week. So I

597
00:34:28,360 --> 00:34:32,160
Speaker 1: have a chance. You might. You may have a chance

598
00:34:32,200 --> 00:34:37,440
Speaker 1: on this. Here's no real estate. I wanna. This is

599
00:34:37,480 --> 00:34:41,320
Speaker 1: a shout out by the way to bass fishing entrepreneur

600
00:34:41,920 --> 00:34:46,359
Speaker 1: Ray Scott. And he built an empire. He he just

601
00:34:46,480 --> 00:34:51,600
Speaker 1: recently passed uh he was eight. He started something in

602
00:34:51,719 --> 00:34:55,400
Speaker 1: nineteen sixty seven and apparently he came up with this

603
00:34:55,520 --> 00:35:02,319
Speaker 1: idea to start this tournament. So Mr Scott attracted contenders

604
00:35:02,760 --> 00:35:05,520
Speaker 1: and they paid a hundred dollars a piece. Am I

605
00:35:05,560 --> 00:35:08,359
Speaker 1: gonna tell you the contenders? Because to give the whole

606
00:35:08,360 --> 00:35:12,320
Speaker 1: thing away to compete for this much money in cash

607
00:35:12,440 --> 00:35:16,040
Speaker 1: prizes and a trip to Acapulco, What I want to

608
00:35:16,080 --> 00:35:20,960
Speaker 1: know is how much was this in terms of cash prizes?

609
00:35:21,000 --> 00:35:25,200
Speaker 1: Did they win? When did this take place? Nineteen sixty seven?

610
00:35:25,400 --> 00:35:28,319
Speaker 1: Nineteen sixty seven? And I'm I'm being fair because I'm

611
00:35:28,360 --> 00:35:32,680
Speaker 1: saying cash prizes and a trip to Acapulco, right right, right, Okay,

612
00:35:32,719 --> 00:35:39,000
Speaker 1: I was gonna be cliff diving, but obviously nineteen sixty seven,

613
00:35:39,120 --> 00:35:41,720
Speaker 1: nine sixty seven, And so we're saying in nineteen sixty

614
00:35:41,760 --> 00:35:45,520
Speaker 1: seven dollars, right, nine sixty seven dollars. But now you

615
00:35:45,560 --> 00:35:47,839
Speaker 1: said you wouldn't Lynch, you to go first? Yes, I do.

616
00:35:48,040 --> 00:35:50,759
Speaker 1: That is the strategy. So yeah, that that actually gives

617
00:35:50,760 --> 00:35:52,719
Speaker 1: me a shot. See I got accused of being a

618
00:35:52,760 --> 00:35:57,080
Speaker 1: poor host. It's like, so the winner gets to go first.

619
00:35:57,160 --> 00:36:01,080
Speaker 1: From last week Lynch, Well, I saw the opituary in

620
00:36:01,200 --> 00:36:03,560
Speaker 1: my paper, Boston Globe the other day. I saw the

621
00:36:03,640 --> 00:36:05,440
Speaker 1: picture of him in a boat and it looked like

622
00:36:05,440 --> 00:36:08,000
Speaker 1: he was holding up a it's going to be a

623
00:36:08,040 --> 00:36:10,720
Speaker 1: bass fishing tournament. It has to be a fishing tournament.

624
00:36:10,760 --> 00:36:13,840
Speaker 1: I'm going to call it the bass fishing tournament. And

625
00:36:13,960 --> 00:36:21,640
Speaker 1: the prize pool uh nine seven, I don't know, five

626
00:36:21,680 --> 00:36:34,040
Speaker 1: thousand dollars scar mm hmm tho ten thou dollars you're laughing.

627
00:36:34,200 --> 00:36:37,520
Speaker 1: Oh no, because it's like four thousand, eight hundred or

628
00:36:37,600 --> 00:36:41,400
Speaker 1: five thousand, two hundred. The bell is going off because

629
00:36:41,440 --> 00:36:47,239
Speaker 1: it's exactly five. That was. That was that strictly a

630
00:36:47,360 --> 00:36:51,279
Speaker 1: dark thrown against the wall. He attracted a hundred six contenders.

631
00:36:51,320 --> 00:36:54,600
Speaker 1: They paid a hundred dollars a piece for five thousand

632
00:36:54,600 --> 00:36:57,840
Speaker 1: dollars in cash prizes and a trip to Acapulco. The

633
00:36:57,880 --> 00:37:01,280
Speaker 1: first tournament was at Beaver Lake in Arkansas. Oh my god,

634
00:37:08,160 --> 00:37:14,640
Speaker 1: this is like on the nose. Come on up here

635
00:37:14,680 --> 00:37:17,080
Speaker 1: and lynch and get this hundred dollar bill here. Yeah,

636
00:37:17,160 --> 00:37:22,480
Speaker 1: don't come up say I gotta take this man between

637
00:37:22,520 --> 00:37:28,160
Speaker 1: you and my wife. You know, there is a bass

638
00:37:28,160 --> 00:37:30,680
Speaker 1: pro shop right next to Gilllette Stadium with the Patriots Place,

639
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Speaker 1: So I do they haven't done a little homework on

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Speaker 1: the place over the years. Hey, by the way, aren't

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Speaker 1: they doing work on Gillette Stadium? They're doing some renovations. Yeah,

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00:37:38,760 --> 00:37:42,120
Speaker 1: that they just broke around you yesterday. Wow, the lighthouse

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Speaker 1: is going to be now over two feet that come

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00:37:44,200 --> 00:37:47,560
Speaker 1: in and they've got some new sweets going up there.

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00:37:47,719 --> 00:37:54,600
Speaker 1: So yeah, ninchy on the notes. So I'm sorry, Scarlett.

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Speaker 1: Maybe next week yea work. Okay, this has been fine.

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Speaker 1: This has been in the Bloomberg Businesses Sports. We talked

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Speaker 1: to some of the biggest players in the industry and

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00:38:08,440 --> 00:38:10,520
Speaker 1: we also have some of the best numbers of the

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00:38:10,560 --> 00:38:13,359
Speaker 1: week to just to ask Lynchy, you can follow me

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00:38:13,400 --> 00:38:15,840
Speaker 1: on Twitter at Big Bar Sports. You can follow me

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00:38:15,880 --> 00:38:18,080
Speaker 1: on Twitter at maybe next week. No, I'm just kidding

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Speaker 1: a Scarlett, and you can call me the bass Master

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00:38:21,640 --> 00:38:25,120
Speaker 1: and I'm at Lynch w CVV. That was a total guest.

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00:38:25,200 --> 00:38:28,040
Speaker 1: I did not have any just guess nineteen six or seven.

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Speaker 1: Don't forget to catch our podcast. That's Monday's, Wednesday and

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00:38:32,120 --> 00:38:36,480
Speaker 1: Thursday's all your podcast planforms right here on Bloomberg Business

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Speaker 1: of Sports from Bloomberg Radio