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Speaker 1: Hello, I'm Scott Sasha, I'm Evan Novie Williams, and I'm

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Speaker 1: Michael Barr. And this is the Bloomberg Business of Sports

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Speaker 1: podcast where we were w E explore the big money

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Speaker 1: issues in the world. Big w E. That's the whole word.

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Speaker 1: You just used the first letter, That's what I'm saying,

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Speaker 1: But you did the whole word. Well, that's a two

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Speaker 1: letter word. That's why you only need one. I got it.

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Speaker 1: I feel like I'm home. This is We're just a

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Speaker 1: good bunch. Great topic to talk about, youth sports and

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Speaker 1: it is huge. What fifteen billion dollars for a business

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Speaker 1: annually has nothing to say, have nothing to say about this?

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Speaker 1: Let me should I tally up my weekend four days

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Speaker 1: in Toronto. So we happened to fly this time, so

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Speaker 1: thank you Porter Airlines. But for the boy, his mom

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Speaker 1: and me, that was about eight hundred bucks eight fifties

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Speaker 1: somewhere around there. Then we had the hotel. Then of

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Speaker 1: course the meals Perkins in the hotel that'll cost your

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Speaker 1: pretty penny. Then you have um, the baggage fee of course,

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Speaker 1: the rental car while you're there. Of course, I mean

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Speaker 1: this was a fift hundred dollar four day Jount and

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Speaker 1: it's going on again and again. We're going back to

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Speaker 1: Toronto in November. You've I don't want to say what

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Speaker 1: we pay just to play the feet to play hockey

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Speaker 1: at this level, but lot lots of zeros. How many

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Speaker 1: coaches does your team have? We have three coaches on

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Speaker 1: the ice and I mean including one former NHL captain

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Speaker 1: is the head coach. And I don't even know if

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Speaker 1: he gets paid, probably not because she loves to do it.

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Speaker 1: But you know, there's coaches, there's ice time, there there's sticks,

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Speaker 1: there're sharpendings. It's never ending. I was gonna say the

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Speaker 1: equipment and just the travel alone. You mentioned it right

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Speaker 1: from the get go when you gotta fly to X

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Speaker 1: y Z because it's not lying around the block. No,

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Speaker 1: And even when it's around the block for us, around

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Speaker 1: the block is like next weekend, we have a game

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Speaker 1: in Philadelphia. I mean we're talking two plus hour drive,

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Speaker 1: a two hour drive. We've got tournaments in Buffalo, We're

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Speaker 1: going to Pittsburgh, We're going to New England. This is

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Speaker 1: this is the world of travel sports. There are minor

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Speaker 1: league baseball teams that probably travel less. There. We need

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Speaker 1: a bus, we need a sponsor. We need a bus

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Speaker 1: that sounds like you're it's almost professionalization, right, Like, there

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Speaker 1: are youth sports out there and your sound, unfortunately, is

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Speaker 1: playing at a level where that happens that that have,

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Speaker 1: you know, have all the trappings of you know, a professional,

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Speaker 1: semi professional endeavor. And I think The Times did a

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Speaker 1: story a while back, and not that I'm saying this

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Speaker 1: is happening here, thankfully, but about all the money that's

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Speaker 1: being stolen from youth sports organizations. I mean that that's

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Speaker 1: a pretty penny too, because usually somebody volunteers, you get

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Speaker 1: a treasure whatever it seems rife for that sort of thing,

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Speaker 1: because it really isn't check balance, balance or how much

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Speaker 1: oversight is there really on the team call? First? There's none, right,

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Speaker 1: I mean there's no we left the n c A

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Speaker 1: all the time. There's no n c A for for

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Speaker 1: for sports below below that, especially if you go beyond

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Speaker 1: high school sports. You know it does. Youth sports lacks

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Speaker 1: the integrity, the monitoring, the you know, the governing body

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Speaker 1: that you know, professional sports has, even though as we're

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Speaker 1: talking about the money is flowing heavily into into youth sports. Well,

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Speaker 1: here comes naive Mike. Here he comes again, Medina, we

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Speaker 1: need theme. Anytime he proclaims himself something, we need some

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Speaker 1: sort of theme music. Is this where the clown music

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Speaker 1: comes in? I pretty much put the clown music in everything,

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Speaker 1: all right, proclaim something I don't know, I feel bad,

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Speaker 1: naive might get ever, this is from a naive old man. Yeah.

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Speaker 1: Youth sports is a very big positive for kids because

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Speaker 1: it teaches them one structure two. It teaches them, hey, listen,

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Speaker 1: I can try my best, and I'm not going to

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Speaker 1: in an award all the time. Michael barrs the anti

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Speaker 1: everyone gets a trophy. Guy, I didn't. I didn't see

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Speaker 1: that coming. Now, I'm sorry, I am. It's like, listen,

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Speaker 1: it's yes, you try your best. If you don't make it,

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Speaker 1: hey is a pat on the back. Let's go get

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Speaker 1: some ice cream, because that's the whole point of of

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Speaker 1: of sports or whatever you attempt. You can do your best.

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Speaker 1: But that doesn't mean everybody deserves an award. And I'm sorry.

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Speaker 1: It's for me watching watching the kids in the locker

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Speaker 1: room interact, watching them at the hotel playing knee hockey,

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Speaker 1: that sort of stuff they talk about that My son

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Speaker 1: will talk about those moments far more than any of

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Speaker 1: the games played. Believe it or not, that that's what

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Speaker 1: sticks with them, the things they do off the ice together.

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Speaker 1: So if you're talking about teamwork and camaraderie and fun, yeah,

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Speaker 1: I think it's a great, great way to learn those things.

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Speaker 1: But you can't have that in a bubble, you know.

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Speaker 1: And we talk about that when when youth sports gets ruined,

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Speaker 1: who's ruining it? It's the adults. Now, it's it's not

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Speaker 1: it's not that those are the fools coming down from

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Speaker 1: the stands. I've told you to the parents. I mean,

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Speaker 1: we see we see parents yelling at nine year olds

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Speaker 1: for their lack of huff, hustle, effort, whatever. It is,

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Speaker 1: just absolutely screaming at their kids and telling them they're

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Speaker 1: disappointed in them. Yeah, nothing, nothing will ruin youth sports

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Speaker 1: more than the grownups. Let's talk about the Ottawa Senators

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Speaker 1: every day, but let's just say it was awkward. Yeah,

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Speaker 1: go ahead, you you wanted to do this one. We

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Speaker 1: we talked about it yesterday where we started like this

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Speaker 1: is weird. I would strongly encourage everyone who's listening, if

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Speaker 1: they want to enjoy five minutes of their day, to

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Speaker 1: look up the video that Ottawa Senators owner Eugene Melnick

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Speaker 1: did with a with a player on the team, Matt Borwicky. Uh,

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Speaker 1: it is a sit down. It's very awkward. The owner,

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Speaker 1: Melnick uses it as a as essentially his way to

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Speaker 1: announce that the team is being blown up, that they're restructuring.

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Speaker 1: He admits the teams in a dumpster. He says they're

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Speaker 1: going to start ten. Ten out of the five will

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Speaker 1: be rookies next year. He's asking his player about the

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Speaker 1: locker room culture. The guy looks uncomfortable. Both of them.

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Speaker 1: You're wondering. I mean, the owner asked you to do something.

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Speaker 1: I guess he's getting paid. And there's so many questions

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Speaker 1: about it. Um. However, as awkward and as painful as

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Speaker 1: it is, I think it's great. I really think that

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Speaker 1: more owners should look at this Ago saying kudos to

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Speaker 1: Mark Cuban, kudos to Ted leonsis like it or not? Mark,

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Speaker 1: lets you know what the thinking is when he traded away.

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Speaker 1: This is I all point to this. Everybody was ever

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Speaker 1: thinking about buying a sports team. Mark wrote it might

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Speaker 1: have been three thousand words when he traded Steve Nash,

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Speaker 1: and everybody knows Steve Nash was a fan favorite in Dallas.

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Speaker 1: Whether you agree or disagree whatever, Mark put out out

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Speaker 1: of three thousand words explaining why the thought process for months,

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Speaker 1: the thought process that went into this is why we

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Speaker 1: did what we did, and you fans deserve an explanation

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Speaker 1: beyond well salary age. So I mean that sort of transparency,

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Speaker 1: that sort of communication in the long run, I think

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Speaker 1: benefits a team, a fan in the franchise. There's almost

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Speaker 1: there's almost none of that out there, I mean, and

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Speaker 1: it can backfire. Dan Gilbert, you know, wrote a very

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Speaker 1: uh cosire that from his fans perspective, that's what they

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Speaker 1: were feeling. They were happy to jump aboard the vitriol

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Speaker 1: train when Dan wrote that letter because that's what they

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Speaker 1: were feeling. It was bleep, bleep, bleep, you bleep, you bleep,

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Speaker 1: you comics hands, you suck. That's what they were feeling.

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Speaker 1: And it probably helped him to know that he was

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Speaker 1: feeling that as well. Yeah, okay, is there is there?

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Speaker 1: Is there? A comportment factor? Is there? Did you get

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Speaker 1: did I remember if you got fined for conduct? I'mbecoming

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Speaker 1: him an owner. I mean, they do have that, but

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Speaker 1: still fans want to know that you're in that foxhole

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Speaker 1: with me. And that's what Leonsis does every year when

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Speaker 1: they were getting eliminated from the playoffs, Ted would write

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Speaker 1: his missive on Oh God, we're trying, We're gonna come back,

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Speaker 1: We're gonna you know, we're gonna make another run at it,

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Speaker 1: and then he finally wins. But at least the fans

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Speaker 1: know you're in it with him. Well, I guess that

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Speaker 1: if you are the owner of any team, like you

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Speaker 1: just said, you want your fans to know, hey, I'm

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Speaker 1: on your side. Wouldn't you, like Mike Michael Barr after

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Speaker 1: your season opening shell lacking at the hands of the

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Speaker 1: New York Jets, wouldn't you like to know what your do?

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Speaker 1: You know? I had to bring it up. Yes, thank you.

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Speaker 1: Remember in the week, did you see the faces, including mine,

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Speaker 1: of all the people at Ford Field? We had a

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Speaker 1: mouth's open. If you're watching on TV the same thing,

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Speaker 1: head and hands together and your mouth is open, It's like,

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Speaker 1: what in the Sam Hill just happened? I had a

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Speaker 1: had a guy, he's old cold worker, and he sent

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Speaker 1: out a tweet and it was funny. Am I gonna

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Speaker 1: lie because you gotta laugh because we're gonna cry? And

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Speaker 1: he said, I haven't seen the Lions play this bad

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Speaker 1: since the last game. I mean, it's a Meanwhile, in

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Speaker 1: New York, it's you have to winning the Super Bowl, Yes,

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Speaker 1: of course. Yeah, moving along as I'm crying. Uh, this

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Speaker 1: this is now, this is really going to impact Hurricane Florence.

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Speaker 1: Uh is obviously directly looking at hitting the US Carolinas

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Speaker 1: and also maybe a part of Virginia. And it's going

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Speaker 1: to continue on and it's going to impact college football

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Speaker 1: and it could also impact pro sports. Well, Evan knows

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Speaker 1: the college world better than anybody else. And Evan, as

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Speaker 1: you know, it's not so easy to just make up

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Speaker 1: a game. Yeah, exactly. There are you know, by my accounts,

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Speaker 1: seven or eight games that have already been canceled. There's

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Speaker 1: a few more that that that probably will be Uh.

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Speaker 1: And this has you know, it's not the most important

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Speaker 1: thing in the hurricane, for sure, but this has you know,

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Speaker 1: big financial applications for schools. There are there are schools

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Speaker 1: that were hosting games who will have to refund millions

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Speaker 1: of dollars of tickets. You know, that's money they were

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Speaker 1: counting on. There are schools who were being paid to

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Speaker 1: travel to games that might not get that check. Uh.

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Speaker 1: And for those schools those are usually smaller programs. Annual budget,

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Speaker 1: that's an even bigger that's an even bigger deal uh financially. UH.

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Speaker 1: And we don't even know fully what the ramifications are

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Speaker 1: going to be. You know, two years ago, when Hurricane

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Speaker 1: Matthew came through, uh L s U and Florida had

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Speaker 1: a game that was canceled. They had to make that

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Speaker 1: up because it was a conference game. They both broke

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Speaker 1: contracts later in the year to do it. So gave

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Speaker 1: free paid days to two smaller schools. They played later

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Speaker 1: in the year, and those two small tools they got

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Speaker 1: free paid is ended up playing each other. Why not.

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Speaker 1: They're like, hey, we both have an open date. Now

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Speaker 1: let's just play each other. Yeah. So there there is

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Speaker 1: a cascading set of changes that's going to happen over

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Speaker 1: the course of the next couple of months by virtue

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Speaker 1: of hurricanes. What do we start insuring these games? There's

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Speaker 1: insurance already. I'm sure, UM, I would imagine that if

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Speaker 1: you're a small school, yeah, you may pay to try

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Speaker 1: to get especially if your game is in Georgia, Florida,

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Speaker 1: North Carolina's in in early September. UH It's not uncommon,

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Speaker 1: you know, we see these seems like every year. Irma,

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Speaker 1: last year, Matthew, two years ago. Games get canceled. Let's

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Speaker 1: let's test, uh, Novie Williams Bart you think you know

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Speaker 1: those forced major clauses and contracts. Of course, I was

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Speaker 1: reading I was reading these yesterday. Almost all these games

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Speaker 1: have a force majorre contract which you know, the Act

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Speaker 1: of God which this falls into, which is the problem

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Speaker 1: for a lot of schools. You know, this just nullifies

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Speaker 1: the contract. You know. And if you are South Alabama

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Speaker 1: and you're you know, relying on one point five million

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Speaker 1: dollars to go play South Carolina this year, I'm totally

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Speaker 1: making that up. Um. Yeah, that contract gets ripped up,

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Speaker 1: no and void if you can't get that game in uh,

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Speaker 1: And suddenly you know, that's one point five million dollars

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Speaker 1: in in an athletic budget, that's probably maybe twenty million.

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Speaker 1: And of that ten million comes from the school itself,

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Speaker 1: you know, So if that is something you can't make

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Speaker 1: up elsewhere, that's another one point five million that comes

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Speaker 1: from the academic side of them. The days of just

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Speaker 1: going to the donors and saying, hey, we need your

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Speaker 1: help a little those at exactly like, you can't just

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Speaker 1: call bar can you cut us check? Yeah? Yeah, right,

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Speaker 1: And but and this is on a very serious note.

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Speaker 1: And we do shows on sports, which is just that

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Speaker 1: on sports. But we're talking seriously, folks, especially if you're

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Speaker 1: in the line of this hurricane. We're talking life or death.

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Speaker 1: We're talking storm surges up to thirty feet of rain possible.

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Speaker 1: Please stay safe if you can, get out of the area.

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Speaker 1: Get out of the area. Uh. And I know some people, Hey,

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Speaker 1: I'm gonna try to ride this out because I want

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Speaker 1: to protect my home or my business. But this is

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Speaker 1: serious stuff. So please, folks, Uh, stay safe and prayers

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Speaker 1: to you all. This is the block. Is this a

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Speaker 1: sports podcast? I'm Michael Barr, along with Scott Sasnick and

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Speaker 1: Evan W. Williams. We are here each and every Monday,

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Speaker 1: Wednesday and Thursday exploring the world of money in sports.

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Speaker 1: Join us again at the end of the week when

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Speaker 1: we speak with Jason Roberts, CEO of the daily fantasy

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Speaker 1: and sports betting company Draft Kicks. You're listening to Bloomberg

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Speaker 1: Business of Sports on Bloomberg Radio around the world and

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Speaker 1: online as an Apple Podcast. Online