1
00:00:00,280 --> 00:00:03,400
Speaker 1: This is the business of sports. Let's talk Super Bowl

2
00:00:03,520 --> 00:00:07,160
Speaker 1: and Fox Sports guarantee money isn't necessarily guaranteed. One Major

3
00:00:07,200 --> 00:00:11,000
Speaker 1: League soccer owner is leading out fifty billion dollar investment,

4
00:00:11,160 --> 00:00:14,200
Speaker 1: blurring of the lines between sports team owners and the

5
00:00:14,200 --> 00:00:18,599
Speaker 1: sports gambling space. How high can these valuations go? Evan

6
00:00:18,640 --> 00:00:21,200
Speaker 1: Nobody william Off the field, the NBA has never been buzzier.

7
00:00:21,280 --> 00:00:24,000
Speaker 1: And the leaders in the sports industry Major League Baseball

8
00:00:24,000 --> 00:00:27,000
Speaker 1: Commission to Rob Manfred Idy O'Neill is President of Director

9
00:00:27,000 --> 00:00:30,040
Speaker 1: Consumer in that then the race card driver Elio Castro

10
00:00:30,080 --> 00:00:33,400
Speaker 1: and Evs Jared Smith, president of Ticketmasters. Bloomberg Business of

11
00:00:33,440 --> 00:00:37,839
Speaker 1: Sports from Bloomberg Radio. Hello, I'm Evan Novie Williams and

12
00:00:37,960 --> 00:00:41,400
Speaker 1: not Michael Barr along with Mike Lynch. We are here

13
00:00:41,520 --> 00:00:44,720
Speaker 1: for the Bloomberg Business of Sports, and today we are

14
00:00:44,760 --> 00:00:48,080
Speaker 1: speaking with Happy Walter's co founder and CEO of Catalyst

15
00:00:48,200 --> 00:00:51,520
Speaker 1: Sports and Media. He represents several players in the NBA.

16
00:00:51,640 --> 00:00:54,080
Speaker 1: We're glad to have him on the show. That is

17
00:00:54,120 --> 00:00:56,680
Speaker 1: straight ahead on the Bloomberg Business or Sports. But let's

18
00:00:56,720 --> 00:00:59,320
Speaker 1: talk about some of the topics and let's start. Oh,

19
00:00:59,400 --> 00:01:02,960
Speaker 1: we got a match coming up, Tiger Phil Peyton, Tom

20
00:01:03,200 --> 00:01:08,119
Speaker 1: go first sport back who had in their office pool

21
00:01:08,600 --> 00:01:11,280
Speaker 1: a four of two on two golf match between the

22
00:01:11,319 --> 00:01:13,120
Speaker 1: two most famous quarterbacks in the world and the two

23
00:01:13,120 --> 00:01:15,800
Speaker 1: most famous golfers in the world. I like the idea.

24
00:01:16,040 --> 00:01:18,320
Speaker 1: It's gonna be if all goes well at some point

25
00:01:18,440 --> 00:01:23,280
Speaker 1: next month. Unclear exactly where my money would be on Florida. Um,

26
00:01:23,319 --> 00:01:25,920
Speaker 1: but I think it's a good idea. It's something that

27
00:01:25,959 --> 00:01:28,679
Speaker 1: people are going to watch. It'll be on cable television

28
00:01:28,680 --> 00:01:31,600
Speaker 1: this time instead of pay per view. Mike Lynch, what

29
00:01:31,640 --> 00:01:34,759
Speaker 1: are your thoughts? Um? All four double thumbs up. At

30
00:01:34,760 --> 00:01:37,640
Speaker 1: this time, golf is still being played in many states. Um.

31
00:01:37,959 --> 00:01:40,920
Speaker 1: Have the golfers where each wear a glove on each hand. Uh,

32
00:01:40,959 --> 00:01:43,600
Speaker 1: don't let anyone touch the flagstick, don't let anyone touch

33
00:01:43,640 --> 00:01:46,440
Speaker 1: the cup. Maybe have maybe have a designated person to

34
00:01:46,480 --> 00:01:48,960
Speaker 1: take the ball out of the cup so hands aren't

35
00:01:48,960 --> 00:01:51,760
Speaker 1: touching the inside of the cup. Uh. Don't touch any rakes,

36
00:01:51,800 --> 00:01:54,520
Speaker 1: which players never do anyway, But that's the way to

37
00:01:54,680 --> 00:01:58,360
Speaker 1: and that there's no broader field to keep social distancing

38
00:01:58,400 --> 00:02:01,000
Speaker 1: than a golf course. I like it. Booth combs up. Yeah,

39
00:02:01,000 --> 00:02:02,720
Speaker 1: I think there's an easy way to look at this

40
00:02:02,800 --> 00:02:06,160
Speaker 1: and think that it is kind of tailored to the

41
00:02:06,240 --> 00:02:09,799
Speaker 1: coronavirus lockdown world that we're in right now. But I

42
00:02:09,840 --> 00:02:12,200
Speaker 1: believe and Michael, you know, we talked about this two

43
00:02:12,280 --> 00:02:14,239
Speaker 1: years ago when Tiger and fil did their own thing,

44
00:02:14,560 --> 00:02:17,320
Speaker 1: you know, separately, around Thanksgiving time. I think that this

45
00:02:17,400 --> 00:02:21,280
Speaker 1: is a model for the future, whether there's sports happening

46
00:02:21,360 --> 00:02:24,400
Speaker 1: or not. Nothing that doesn't say that with a small

47
00:02:24,480 --> 00:02:27,240
Speaker 1: media deal, you know, guys like Tiger and Phil can't

48
00:02:27,240 --> 00:02:29,760
Speaker 1: continue to do this with pick your two celebrities, Mark

49
00:02:29,760 --> 00:02:32,560
Speaker 1: Wahlberg and Matt Damon. I think there is a model

50
00:02:32,639 --> 00:02:35,720
Speaker 1: here that can be potentially both very lucrative and very

51
00:02:35,760 --> 00:02:38,280
Speaker 1: interesting for fans. Oh, this is going to get over.

52
00:02:38,760 --> 00:02:41,040
Speaker 1: People are gonna watch this. They're gonna watch Tiger, They're

53
00:02:41,040 --> 00:02:43,440
Speaker 1: gonna watch Phil, They're gonna watch Peyton, They're gonna watch

54
00:02:43,480 --> 00:02:47,399
Speaker 1: Tom Brady. Uh, this is going to be highly successful.

55
00:02:47,480 --> 00:02:50,680
Speaker 1: Trust me. This comes in May and sports fans are

56
00:02:50,760 --> 00:02:54,720
Speaker 1: thirsty for sports. This will be good. Uh. Let's move

57
00:02:54,760 --> 00:02:57,639
Speaker 1: along to Uh a Rod j Low Do we want

58
00:02:57,680 --> 00:03:00,800
Speaker 1: to call him Jay Rod or a Low or anyway

59
00:03:00,840 --> 00:03:04,280
Speaker 1: they're trying to buy the Mets. Uh, do they have

60
00:03:04,760 --> 00:03:08,560
Speaker 1: enough backing to do it? They've hired JP Morgan to

61
00:03:08,680 --> 00:03:12,240
Speaker 1: be there, you know, their bank as they explore potentially

62
00:03:12,240 --> 00:03:14,600
Speaker 1: buying the Mets. A lot of hurdles here, one of

63
00:03:14,600 --> 00:03:17,000
Speaker 1: which they don't have the money right so they're gonna

64
00:03:17,000 --> 00:03:20,320
Speaker 1: need some some deep pocketed partners to make this happen.

65
00:03:20,840 --> 00:03:23,560
Speaker 1: Uh Number two, what does it look like, you know,

66
00:03:23,680 --> 00:03:25,960
Speaker 1: raising those partners at a time when you know the

67
00:03:26,080 --> 00:03:28,880
Speaker 1: entire business world is kind of slowing down. And then three,

68
00:03:28,919 --> 00:03:30,600
Speaker 1: which I don't think a lot of people are talking about,

69
00:03:30,680 --> 00:03:35,120
Speaker 1: but Alex Rodriguez has a pretty spotty history steroid wise

70
00:03:35,120 --> 00:03:37,800
Speaker 1: and lying about steroid wise in baseball, and I do

71
00:03:37,920 --> 00:03:40,840
Speaker 1: wonder if he would even get approved if he got

72
00:03:40,880 --> 00:03:43,920
Speaker 1: that far. Mike Lynch, are you buying j Lo and

73
00:03:44,000 --> 00:03:46,520
Speaker 1: a Rod as serious contenders here for the Mets? I

74
00:03:46,560 --> 00:03:48,120
Speaker 1: don't think they have the money. I think the price

75
00:03:48,160 --> 00:03:49,920
Speaker 1: tag is a two a little more than two, and

76
00:03:49,920 --> 00:03:52,320
Speaker 1: I have billion dollars right now. Jlo does have a

77
00:03:52,360 --> 00:03:55,040
Speaker 1: little experience. I don't know if she's still a limited

78
00:03:55,080 --> 00:03:57,560
Speaker 1: partner with the Dolphins. I know she was at one point.

79
00:03:58,440 --> 00:04:01,280
Speaker 1: Right now, and the spot the reputation, I think is

80
00:04:01,400 --> 00:04:02,760
Speaker 1: is going to be an issue when the when the

81
00:04:02,800 --> 00:04:05,800
Speaker 1: owners vote but remember George Steinbrenner was suspended twice and

82
00:04:05,840 --> 00:04:08,200
Speaker 1: he still was allowed to own the New York Yankees.

83
00:04:09,680 --> 00:04:11,520
Speaker 1: Let's not forget that the deal that the Mets had

84
00:04:11,560 --> 00:04:14,320
Speaker 1: in place late last year was Steve Cohen, a man

85
00:04:14,320 --> 00:04:17,800
Speaker 1: who has you know, some some financial red flags in

86
00:04:17,880 --> 00:04:21,080
Speaker 1: his past as well. Michael, you know, I think that

87
00:04:21,120 --> 00:04:22,919
Speaker 1: we're going to see a lot of sports teams in

88
00:04:22,960 --> 00:04:25,920
Speaker 1: the next maybe two years, end up going for sale,

89
00:04:25,960 --> 00:04:28,920
Speaker 1: either the whole thing or minority stakes, just because this

90
00:04:29,000 --> 00:04:32,720
Speaker 1: is a tough business environment for everyone. How much are

91
00:04:32,720 --> 00:04:35,719
Speaker 1: we thinking that the price made drop for these things?

92
00:04:35,760 --> 00:04:38,800
Speaker 1: I mean, if two point x was what the what

93
00:04:38,880 --> 00:04:40,760
Speaker 1: the Cohen deal was, do you think if the Mets

94
00:04:40,760 --> 00:04:43,680
Speaker 1: cell in the next year, we're looking at a serious

95
00:04:44,080 --> 00:04:47,880
Speaker 1: lower down price. I do, uh, And I think when

96
00:04:48,040 --> 00:04:51,400
Speaker 1: you know what drives the cost of a team, media writes,

97
00:04:51,960 --> 00:04:56,680
Speaker 1: and now a lot of media out there there, they're

98
00:04:56,680 --> 00:04:59,479
Speaker 1: gonna be a little gun shy. It's like, look, we

99
00:04:59,560 --> 00:05:02,479
Speaker 1: have no product, you know, so why are we paying

100
00:05:02,480 --> 00:05:06,760
Speaker 1: all this money? So when it comes around this sadly

101
00:05:06,839 --> 00:05:11,840
Speaker 1: the coronavirus on many levels, but this has shaken up

102
00:05:12,360 --> 00:05:17,560
Speaker 1: the entire business model, not only for baseball, but I

103
00:05:17,600 --> 00:05:21,720
Speaker 1: would assume for for any major team, whether it's football

104
00:05:21,839 --> 00:05:25,520
Speaker 1: or whatever. Uh, media rites, they mean a lot, and

105
00:05:25,600 --> 00:05:28,359
Speaker 1: if you can't sell it, the price is gonna drop.

106
00:05:29,680 --> 00:05:31,800
Speaker 1: Let's talk about the Red Sox and the punishment you

107
00:05:31,839 --> 00:05:36,760
Speaker 1: talk about, right right, Mike Lynche's backyard. Is this why

108
00:05:36,800 --> 00:05:39,360
Speaker 1: you brought me on the show. It seems something bad

109
00:05:39,440 --> 00:05:43,320
Speaker 1: is happening in Boston. There's a Boston story every every week,

110
00:05:43,920 --> 00:05:50,520
Speaker 1: every week, Michael. Let's first, let's start the people who

111
00:05:50,560 --> 00:05:54,680
Speaker 1: don't know um as people know. The Houston Astros. They

112
00:05:54,760 --> 00:05:59,320
Speaker 1: got nailed big time in the baseball cheating investigation. The

113
00:05:59,360 --> 00:06:05,679
Speaker 1: Boston Chucks, well, they escaped severe penalties, although ex manager

114
00:06:05,720 --> 00:06:09,520
Speaker 1: Alex Cora who was formally suspended. But the Red Sox,

115
00:06:09,680 --> 00:06:15,600
Speaker 1: the team itself pretty light relatively speaking. Well, they lose

116
00:06:15,640 --> 00:06:18,000
Speaker 1: a second round draft pick, and people say, who cares

117
00:06:18,040 --> 00:06:20,360
Speaker 1: about a second round pick? But I was looking through

118
00:06:20,400 --> 00:06:23,400
Speaker 1: the years. John Lester, who still pitches for the Cubs,

119
00:06:23,440 --> 00:06:25,799
Speaker 1: was a second round pick. Dustin Pejoya was a second

120
00:06:25,839 --> 00:06:27,760
Speaker 1: round pick, and Fred Lynn who was a Rookie of

121
00:06:27,800 --> 00:06:30,279
Speaker 1: the Year and m V p and was a second

122
00:06:30,360 --> 00:06:32,640
Speaker 1: round pick. The gentleman who was suspended for a year,

123
00:06:32,680 --> 00:06:35,359
Speaker 1: is not in uniform. His name is J. T. Watkins.

124
00:06:35,400 --> 00:06:37,320
Speaker 1: He was drafted by the Red Sox as a catcher

125
00:06:37,360 --> 00:06:40,920
Speaker 1: back in and he's the guy who makes the decisions

126
00:06:41,000 --> 00:06:43,400
Speaker 1: during the game whether they should challenge an umpire's call.

127
00:06:43,720 --> 00:06:45,520
Speaker 1: He has a little office down the steps of the

128
00:06:45,520 --> 00:06:48,120
Speaker 1: Red Sox dug out around the corner. He is suspended

129
00:06:48,160 --> 00:06:52,839
Speaker 1: without pay for He's allowed to come back, but not

130
00:06:53,080 --> 00:06:57,360
Speaker 1: in the same capacity. I think that if if this

131
00:06:57,400 --> 00:07:00,920
Speaker 1: was a normal schedule of baseball was just starting back

132
00:07:01,000 --> 00:07:03,480
Speaker 1: up again, this would be the biggest story happening in baseball.

133
00:07:03,760 --> 00:07:05,599
Speaker 1: You know, the combination of what happened here with the

134
00:07:05,640 --> 00:07:09,120
Speaker 1: Red Sox and what happened with the Astros, questions about

135
00:07:09,200 --> 00:07:11,840
Speaker 1: how deep it went, how many other teams were doing it.

136
00:07:11,840 --> 00:07:14,400
Speaker 1: It would be you know, the talk of baseball. UH.

137
00:07:14,440 --> 00:07:17,480
Speaker 1: And you know, unfortunately or fortunately, depending on what side

138
00:07:17,520 --> 00:07:20,360
Speaker 1: you're on. UM, there's a much bigger story happening right now.

139
00:07:20,440 --> 00:07:22,040
Speaker 1: So I think this is gonna get kind of swept

140
00:07:22,120 --> 00:07:24,080
Speaker 1: under the rug a little bit. There was some outrage

141
00:07:24,400 --> 00:07:27,320
Speaker 1: about whether baseball did enough to punish the Red Sox

142
00:07:27,400 --> 00:07:29,760
Speaker 1: or not. UM, but you know, the fact is that

143
00:07:29,840 --> 00:07:32,120
Speaker 1: this is just not the biggest story happening in baseball.

144
00:07:32,120 --> 00:07:33,840
Speaker 1: It's not even close to the biggest story happening in

145
00:07:33,880 --> 00:07:36,120
Speaker 1: baseball right now, And as a result, I just don't

146
00:07:36,160 --> 00:07:38,960
Speaker 1: think it's gonna be it's gonna have the impact across

147
00:07:39,040 --> 00:07:41,560
Speaker 1: the game that it probably would have had if baseball

148
00:07:41,680 --> 00:07:44,520
Speaker 1: was just up and running as normal with without the

149
00:07:44,600 --> 00:07:50,760
Speaker 1: virus happening. Yeah, I agree with you. When the when

150
00:07:50,800 --> 00:07:53,000
Speaker 1: we get the baseball, I'm just gonna bluntly ask are

151
00:07:53,040 --> 00:07:57,120
Speaker 1: we going to play baseball this year? It's a good question.

152
00:07:57,520 --> 00:08:00,160
Speaker 1: I still think. My guess is yes. I have no

153
00:08:00,240 --> 00:08:02,720
Speaker 1: idea what that looks like. I have no idea where

154
00:08:02,840 --> 00:08:05,200
Speaker 1: that looks like. But you know, as we've talked so

155
00:08:05,200 --> 00:08:09,320
Speaker 1: many times, there's so many financial incentives to getting all sports,

156
00:08:09,360 --> 00:08:13,080
Speaker 1: baseball included, happening in some capacity that I believe at

157
00:08:13,080 --> 00:08:14,520
Speaker 1: some point this year they're going to find a way

158
00:08:14,560 --> 00:08:16,840
Speaker 1: to do it. But it's way too early to know

159
00:08:16,880 --> 00:08:18,880
Speaker 1: that for sure, of course, and I think the Florida

160
00:08:18,920 --> 00:08:22,480
Speaker 1: Arizona idea is the strongest case right now for making

161
00:08:22,520 --> 00:08:27,200
Speaker 1: it feasible and safe in sanitary. Today we're speaking with

162
00:08:27,280 --> 00:08:32,199
Speaker 1: Happy Walter's co founder and CEO of Catalyst Sports and Media.

163
00:08:32,480 --> 00:08:35,040
Speaker 1: He represents several players in the NBA, and we're glad

164
00:08:35,080 --> 00:08:37,480
Speaker 1: to have him on the show. Happy, thank you so

165
00:08:37,600 --> 00:08:40,680
Speaker 1: much for joining us on the Bloomberg Business of Sports. Thanks,

166
00:08:40,679 --> 00:08:43,640
Speaker 1: I appreciate it. Good to be here. If I may ask,

167
00:08:44,000 --> 00:08:49,080
Speaker 1: when you representing a lot of NBA players that what

168
00:08:49,320 --> 00:08:53,079
Speaker 1: goes into that? Because unfortunately, yes, this is a bad year.

169
00:08:53,120 --> 00:08:55,120
Speaker 1: We're going to talk more about that later on about

170
00:08:55,200 --> 00:08:58,960
Speaker 1: the coronavirus impact. But what goes into representing an NBA

171
00:08:59,080 --> 00:09:03,720
Speaker 1: player and trying to help the player advance? I mean,

172
00:09:03,800 --> 00:09:06,480
Speaker 1: it really depends on what kind of agent you are

173
00:09:06,640 --> 00:09:09,400
Speaker 1: and how involved you choose to be. I mean, the

174
00:09:09,400 --> 00:09:12,080
Speaker 1: best way to describe it would be kind of a

175
00:09:12,200 --> 00:09:15,120
Speaker 1: jack of all trades. A manager someone who deals with

176
00:09:15,240 --> 00:09:21,080
Speaker 1: everything from of course their player contracts, negotiating a deal

177
00:09:21,240 --> 00:09:25,000
Speaker 1: with the NBA, negotiating all the deals and speaking out

178
00:09:25,040 --> 00:09:31,920
Speaker 1: marketing agreements, to dealing with personal issues, helping your kids

179
00:09:31,960 --> 00:09:36,480
Speaker 1: find the right school, helping them purchase home, dealing with

180
00:09:36,520 --> 00:09:40,080
Speaker 1: any issues that come up, uh, you know, legal issues,

181
00:09:40,120 --> 00:09:42,880
Speaker 1: even sometimes being a marriage counselor so. You really deal

182
00:09:42,880 --> 00:09:46,760
Speaker 1: with everything, and therefore I think you learn a lot

183
00:09:46,880 --> 00:09:49,840
Speaker 1: about the NBA the operation. Also, you know people in

184
00:09:49,920 --> 00:09:52,960
Speaker 1: general a lot sometimes, I'd say more recently, as you

185
00:09:53,000 --> 00:09:56,719
Speaker 1: guys probably know, some agents have been making a transition

186
00:09:56,760 --> 00:09:59,080
Speaker 1: to being general managers of NBA teams, and in the

187
00:09:59,120 --> 00:10:03,360
Speaker 1: past some agents done very well being general managers. I

188
00:10:03,400 --> 00:10:06,320
Speaker 1: think that's because agents have such a broad knowledge and

189
00:10:06,559 --> 00:10:09,760
Speaker 1: perspective when they look at a player and team. Given

190
00:10:09,920 --> 00:10:12,040
Speaker 1: you know current circumstances, what are you doing more of

191
00:10:12,200 --> 00:10:14,640
Speaker 1: now and what are you doing less of in terms

192
00:10:14,720 --> 00:10:17,800
Speaker 1: of kind of helping players navigate what is a totally

193
00:10:17,880 --> 00:10:20,760
Speaker 1: unprecedented situation for them. It's a good question. I mean,

194
00:10:20,800 --> 00:10:24,520
Speaker 1: now players are all at home, Um, so I'm dealing

195
00:10:24,559 --> 00:10:31,000
Speaker 1: with all the marriage counseling. Um, that's a joke, seriously,

196
00:10:31,040 --> 00:10:32,880
Speaker 1: I mean they're at home, so they're trying to figure

197
00:10:32,920 --> 00:10:35,000
Speaker 1: out how to stay in shape, what they can and

198
00:10:35,120 --> 00:10:38,680
Speaker 1: can't do, communicating to a certain extent with some of

199
00:10:38,720 --> 00:10:42,960
Speaker 1: the teams. UM, and of course trying to help uh

200
00:10:43,160 --> 00:10:47,200
Speaker 1: figure out, you know, how to stay safe. Um. A

201
00:10:47,200 --> 00:10:49,719
Speaker 1: lot of them have been trying to even depending on

202
00:10:49,800 --> 00:10:52,040
Speaker 1: where you live, they can't get mass, they can't get

203
00:10:52,080 --> 00:10:54,240
Speaker 1: g loves. I mean I'm even helping players with that,

204
00:10:55,000 --> 00:11:00,000
Speaker 1: and then you know, coming up with a plan once Um,

205
00:11:00,120 --> 00:11:02,000
Speaker 1: they determine what's going to happen with the n B

206
00:11:02,160 --> 00:11:05,480
Speaker 1: a UH and the schedule for the rest of the

207
00:11:05,480 --> 00:11:07,840
Speaker 1: season and the playoffs. You know, how to get back

208
00:11:08,480 --> 00:11:12,760
Speaker 1: um and if they don't, what the repercussions will be

209
00:11:12,840 --> 00:11:17,119
Speaker 1: for that. Both financially um, you know of their salaries

210
00:11:17,160 --> 00:11:20,480
Speaker 1: and the collective bargaining agreement and then m one new

211
00:11:20,520 --> 00:11:22,840
Speaker 1: season starts. So there's a lot going on there, But

212
00:11:22,880 --> 00:11:25,439
Speaker 1: it's also a lot of sitting around and waiting for

213
00:11:25,840 --> 00:11:28,480
Speaker 1: things here in the States to kind of mature and

214
00:11:28,520 --> 00:11:32,680
Speaker 1: see where see where may first, where things stand. It's

215
00:11:32,720 --> 00:11:36,280
Speaker 1: something I've been kind of generally wondering in this time.

216
00:11:36,360 --> 00:11:40,080
Speaker 1: It seems obviously pretty clear Adam Silver, NBA owners they

217
00:11:40,120 --> 00:11:42,360
Speaker 1: want to get the league back up and running as

218
00:11:42,440 --> 00:11:46,640
Speaker 1: soon as they can in a safe manner. Players aligned

219
00:11:46,720 --> 00:11:49,400
Speaker 1: in that thought process or are they are some sitting

220
00:11:49,400 --> 00:11:51,600
Speaker 1: at home thinking, you know, I've been off for six

221
00:11:51,600 --> 00:11:55,080
Speaker 1: weeks already, like firing this engine backup for a small

222
00:11:55,200 --> 00:11:57,760
Speaker 1: end of the regular season, and maybe playoffs might not

223
00:11:57,840 --> 00:11:59,880
Speaker 1: be something they want. I mean, obviously there's financial and

224
00:12:00,000 --> 00:12:02,320
Speaker 1: it is on both ends. But our players kind of

225
00:12:02,360 --> 00:12:04,360
Speaker 1: in line right now with owners and and and the

226
00:12:04,400 --> 00:12:06,280
Speaker 1: commissioner and that they want to get things back up

227
00:12:06,280 --> 00:12:09,880
Speaker 1: and running as soon as as soon as possible. I

228
00:12:09,880 --> 00:12:14,079
Speaker 1: would say, um, you know, some players. One of my players,

229
00:12:14,120 --> 00:12:17,960
Speaker 1: Marcus Smart, you know, publicly is acknowledged she tested positive.

230
00:12:18,000 --> 00:12:23,280
Speaker 1: And so some players have tested either asymptomatically or have

231
00:12:23,480 --> 00:12:28,280
Speaker 1: had something. Therefore they understand a little bit better and

232
00:12:28,640 --> 00:12:30,440
Speaker 1: for a ten dollarge of what it's like to go

233
00:12:30,520 --> 00:12:33,559
Speaker 1: through it. But I think they're all cautiously optimistic and

234
00:12:34,360 --> 00:12:38,880
Speaker 1: they all want to have some sort of completion for

235
00:12:38,920 --> 00:12:42,439
Speaker 1: the season, right, but also they want to crown a champion.

236
00:12:42,559 --> 00:12:48,199
Speaker 1: And yes, you're right, there's a h of their salaries

237
00:12:48,200 --> 00:12:51,240
Speaker 1: that are at stake if nothing continues. So a guy

238
00:12:51,280 --> 00:12:54,880
Speaker 1: like Chris Paul contensively lose ten plus million dollars this year,

239
00:12:55,160 --> 00:12:57,040
Speaker 1: you know, on the high end and on low end,

240
00:12:57,040 --> 00:13:00,440
Speaker 1: a guy who's making you know, a million bucks is

241
00:13:00,640 --> 00:13:04,560
Speaker 1: a lot of money when you think about three thousand. So, um,

242
00:13:04,679 --> 00:13:08,080
Speaker 1: they all want to finish for for those reasons, but

243
00:13:08,480 --> 00:13:12,199
Speaker 1: financial have a champion, but you know, with some caution,

244
00:13:12,240 --> 00:13:13,880
Speaker 1: because I don't think any of the guys want to

245
00:13:13,880 --> 00:13:18,160
Speaker 1: be exposed and have to go through it. Um, you

246
00:13:18,200 --> 00:13:22,640
Speaker 1: know physically also happy This is Mike Clinch up in Boston.

247
00:13:22,760 --> 00:13:25,640
Speaker 1: So obviously we were well aware up here when Marcus

248
00:13:25,679 --> 00:13:28,000
Speaker 1: Smart was one of the first people that that came

249
00:13:28,000 --> 00:13:31,559
Speaker 1: out the city. He tested positive. A right now, how

250
00:13:31,679 --> 00:13:34,960
Speaker 1: is he failing and has he been tested again? Um?

251
00:13:35,040 --> 00:13:38,920
Speaker 1: And what is his medical status right now? Oh? Yeah,

252
00:13:38,960 --> 00:13:41,840
Speaker 1: I mean you're right, he you know, and you know Marcus,

253
00:13:41,880 --> 00:13:44,480
Speaker 1: he's a real really a great person and a leader

254
00:13:44,559 --> 00:13:47,280
Speaker 1: and is really the first at the time to come

255
00:13:47,280 --> 00:13:49,720
Speaker 1: out and do interviews and let people know to take

256
00:13:49,720 --> 00:13:53,040
Speaker 1: it seriously. A lot of people his age were kind

257
00:13:53,040 --> 00:13:55,760
Speaker 1: of out partying during during that time when they were

258
00:13:55,760 --> 00:13:59,800
Speaker 1: supposed to be on lockdown. Um, he feels fine. Um.

259
00:13:59,800 --> 00:14:03,400
Speaker 1: He travel to Texas a couple of weeks ago to

260
00:14:03,440 --> 00:14:06,760
Speaker 1: see his father and brother. UM. And other than that,

261
00:14:06,800 --> 00:14:10,000
Speaker 1: he's you know, he's there and he's working out a

262
00:14:10,000 --> 00:14:13,760
Speaker 1: little bit. Um. You know, he did get tested again.

263
00:14:14,640 --> 00:14:17,560
Speaker 1: He got tested three or four weeks ago before he

264
00:14:17,640 --> 00:14:23,040
Speaker 1: traveled and was negative. And he's um planning on donating

265
00:14:23,320 --> 00:14:27,560
Speaker 1: blood for research at Harvard in the next week as well.

266
00:14:27,560 --> 00:14:29,840
Speaker 1: This may be a crazy question, happy, but is there

267
00:14:30,080 --> 00:14:33,000
Speaker 1: a scenario in the future where there may be an

268
00:14:33,040 --> 00:14:36,720
Speaker 1: advantage for Marcus in that he had this and beat

269
00:14:36,760 --> 00:14:40,720
Speaker 1: it and therefore is maybe less susceptible in the future.

270
00:14:40,800 --> 00:14:43,400
Speaker 1: Is there you know, is there a future where maybe,

271
00:14:43,480 --> 00:14:45,880
Speaker 1: you know, players that have anybody's in them right now

272
00:14:45,920 --> 00:14:50,400
Speaker 1: are a hotter commodity than maybe those that aren't. Jeez,

273
00:14:50,440 --> 00:14:53,880
Speaker 1: I mean, I haven't thought about it. Um, you know,

274
00:14:54,880 --> 00:14:57,720
Speaker 1: I don't. I mean I as far as we know,

275
00:14:58,160 --> 00:15:01,440
Speaker 1: you know, there's probably a lot more NBA players that

276
00:15:01,520 --> 00:15:05,840
Speaker 1: we don't know of that tested, that have been you know, asymptomatic,

277
00:15:05,840 --> 00:15:09,440
Speaker 1: but then have some kind of antibodies. You know, if

278
00:15:09,600 --> 00:15:15,920
Speaker 1: it proves that having antibodies does you know, help because

279
00:15:15,920 --> 00:15:18,360
Speaker 1: we don't know that for sure, and how long will

280
00:15:18,360 --> 00:15:22,240
Speaker 1: those antibodies last. We don't know that for sure. Um,

281
00:15:22,280 --> 00:15:26,920
Speaker 1: you know, sustensibly it helps because it won't get sick again. Um,

282
00:15:27,000 --> 00:15:30,400
Speaker 1: but until there's really a vaccine, I don't think anyone's

283
00:15:30,400 --> 00:15:35,080
Speaker 1: gonna you know, take advantage. And then you know, if

284
00:15:35,120 --> 00:15:38,120
Speaker 1: the NBA does open, they have to come up with

285
00:15:38,160 --> 00:15:41,680
Speaker 1: the testing protocols also to test players every day, and

286
00:15:41,760 --> 00:15:44,640
Speaker 1: so that's a whole other issue that we're all dealing with.

287
00:15:45,200 --> 00:15:49,240
Speaker 1: And happy I'm curious financially, you know, obviously, players are

288
00:15:49,360 --> 00:15:51,800
Speaker 1: you know there's questions about their the end of their

289
00:15:51,880 --> 00:15:56,120
Speaker 1: year paychecks, also questions about potentially what the salary cap

290
00:15:56,160 --> 00:15:58,920
Speaker 1: looks like next year. What kind of advice are you

291
00:15:58,960 --> 00:16:01,920
Speaker 1: giving your guys about how to prepare for and maybe

292
00:16:01,920 --> 00:16:05,320
Speaker 1: more specifically, what to prepare for financially in the next

293
00:16:05,400 --> 00:16:08,560
Speaker 1: year or two. Well, another good question. I think that

294
00:16:08,680 --> 00:16:11,680
Speaker 1: a lot of this is unknown. As we discussed earlier,

295
00:16:12,000 --> 00:16:16,320
Speaker 1: the status of the NBA right now for this season

296
00:16:16,640 --> 00:16:18,840
Speaker 1: is up in the air. If it plays out and

297
00:16:18,880 --> 00:16:22,000
Speaker 1: there's some games and a playoffs, the players will get

298
00:16:22,000 --> 00:16:25,760
Speaker 1: their full salaries and babies return of us grow. However,

299
00:16:27,160 --> 00:16:31,320
Speaker 1: uh salary cap we expect to go down um suddenly.

300
00:16:31,560 --> 00:16:36,000
Speaker 1: We were um all given numbers about two months ago

301
00:16:36,200 --> 00:16:38,200
Speaker 1: that the salary cap was going to maybe go down

302
00:16:38,200 --> 00:16:43,200
Speaker 1: a million dollars. But with the television right where they are,

303
00:16:43,320 --> 00:16:48,200
Speaker 1: with games having been um off, the air canceled, and

304
00:16:48,200 --> 00:16:53,080
Speaker 1: and ticket sales at zero for the last two months

305
00:16:53,800 --> 00:16:56,480
Speaker 1: are close to it, it's going to go down again. Now.

306
00:16:56,560 --> 00:17:00,640
Speaker 1: The issues will be for the players association and the

307
00:17:00,760 --> 00:17:04,119
Speaker 1: NBA is determined whether they want to take the loss

308
00:17:04,200 --> 00:17:07,960
Speaker 1: all in one year, meaning let's say it's a twenty

309
00:17:08,000 --> 00:17:12,359
Speaker 1: million dollar cap loss so into being a D ten million,

310
00:17:12,880 --> 00:17:15,320
Speaker 1: nine million. They want to take it in one year

311
00:17:15,359 --> 00:17:17,760
Speaker 1: or they want to smooth it and over the next

312
00:17:18,080 --> 00:17:20,760
Speaker 1: or four years have a cap go down you know,

313
00:17:20,840 --> 00:17:25,160
Speaker 1: four or five million a year. So that will also

314
00:17:25,640 --> 00:17:30,320
Speaker 1: determine what free agents do, who opts in and out

315
00:17:30,400 --> 00:17:33,800
Speaker 1: of contracts. Um, what's the budgets are for teams to

316
00:17:33,840 --> 00:17:36,720
Speaker 1: resign their players? Which teams go into the tacks. There's

317
00:17:36,720 --> 00:17:39,800
Speaker 1: a lot of ramifications above and beyond just at the

318
00:17:39,880 --> 00:17:43,360
Speaker 1: end of the season. UM. I have some free agents

319
00:17:43,480 --> 00:17:50,040
Speaker 1: like Jeremy Grant, Davis Burton who are pretty um popular

320
00:17:51,680 --> 00:17:54,760
Speaker 1: in this free agent class and thought of highly and

321
00:17:54,800 --> 00:17:57,520
Speaker 1: should be very well. But if the cap goes down

322
00:17:58,880 --> 00:18:02,000
Speaker 1: suddenly in a massive amount, it will affect what they're

323
00:18:02,040 --> 00:18:04,200
Speaker 1: able to do. So there are a lot of things outstanding.

324
00:18:04,200 --> 00:18:08,280
Speaker 1: I told players, you know, saving money right now and

325
00:18:08,280 --> 00:18:10,800
Speaker 1: and just prepare for next year to be a tougher year.

326
00:18:10,840 --> 00:18:14,520
Speaker 1: In general, I'd like to ask the NFL held a draft,

327
00:18:14,880 --> 00:18:19,240
Speaker 1: the electronic draft. Could the NBA pull something off like

328
00:18:19,320 --> 00:18:22,199
Speaker 1: this also, and and what would it mean as an

329
00:18:22,240 --> 00:18:26,960
Speaker 1: agent when you have an electronic draft. I think for

330
00:18:27,280 --> 00:18:31,760
Speaker 1: the NBA, we're going to look and see how the

331
00:18:31,800 --> 00:18:36,240
Speaker 1: fan reaction over time, the NBA can definitely do it.

332
00:18:36,480 --> 00:18:39,880
Speaker 1: Except for the NBA, it's several months down the road,

333
00:18:40,040 --> 00:18:44,120
Speaker 1: and I think they would prefer to have something where

334
00:18:44,160 --> 00:18:46,640
Speaker 1: the players and their families are able to be present

335
00:18:46,840 --> 00:18:49,560
Speaker 1: in the green room type setting, perhaps not with a

336
00:18:49,640 --> 00:18:52,640
Speaker 1: huge arena full of fans like they do typically every

337
00:18:52,680 --> 00:18:55,359
Speaker 1: year in Brooklyn at the Berkley Center. But the NBA

338
00:18:55,400 --> 00:18:58,440
Speaker 1: has got time because first you have to finish the

339
00:18:58,440 --> 00:19:02,000
Speaker 1: sason and or playoffs, and then you have the draft.

340
00:19:02,119 --> 00:19:05,080
Speaker 1: So you know, I expect the draft to be in

341
00:19:05,160 --> 00:19:08,000
Speaker 1: late August personally, and as that's the case, I think

342
00:19:08,000 --> 00:19:10,520
Speaker 1: at that point most states will be in their Phase

343
00:19:10,560 --> 00:19:12,879
Speaker 1: two or Phase three, or they think they'll be in

344
00:19:12,880 --> 00:19:16,440
Speaker 1: their Phase two or Phase three um status, and then

345
00:19:16,480 --> 00:19:18,240
Speaker 1: I think the NBA will be able to do something

346
00:19:18,280 --> 00:19:21,480
Speaker 1: a little bit more creative than what the NFL and

347
00:19:21,600 --> 00:19:23,960
Speaker 1: the w n b A did. Happy In terms of

348
00:19:24,000 --> 00:19:27,040
Speaker 1: staying in shape, would just say that basketball players have

349
00:19:27,160 --> 00:19:30,760
Speaker 1: an easier time to stay in shape because they can

350
00:19:30,880 --> 00:19:34,360
Speaker 1: lift weights at home, they can run, uh, they many

351
00:19:34,400 --> 00:19:36,480
Speaker 1: of them have a whoop in their driveway, as opposed

352
00:19:36,520 --> 00:19:39,240
Speaker 1: to hockey players who need a sheet of ice. A

353
00:19:39,320 --> 00:19:42,760
Speaker 1: football quarterback needs someone to catch the ball. A baseball

354
00:19:42,800 --> 00:19:44,960
Speaker 1: player needs someone to pitch to him to hit or

355
00:19:45,040 --> 00:19:47,560
Speaker 1: to play catch with, etcetera. Do you think that the

356
00:19:47,600 --> 00:19:49,360
Speaker 1: basketball players have a little bit more of an edge

357
00:19:49,359 --> 00:19:53,040
Speaker 1: of staying in shape four when their season if it

358
00:19:53,560 --> 00:19:56,119
Speaker 1: were to resume. Yeah, I did. That's a good point

359
00:19:56,359 --> 00:19:59,160
Speaker 1: for basketball players. A lot of its cardio, and they

360
00:19:59,160 --> 00:20:01,679
Speaker 1: can run, and they can stay in shape and lifting.

361
00:20:01,720 --> 00:20:03,479
Speaker 1: Those are all things you can do at home. In

362
00:20:03,560 --> 00:20:06,520
Speaker 1: some instances. I know some players have gone to their

363
00:20:06,600 --> 00:20:09,000
Speaker 1: high schools by themselves and got you know, a key

364
00:20:09,000 --> 00:20:11,119
Speaker 1: and just songs the gyms by themselves or with a

365
00:20:11,160 --> 00:20:14,040
Speaker 1: buddy or a family member to rebound. Those things are

366
00:20:14,080 --> 00:20:17,120
Speaker 1: all kind of out allowed, and so yeah, I mean,

367
00:20:17,160 --> 00:20:20,359
Speaker 1: I think also basketball players were really in the middle

368
00:20:20,440 --> 00:20:22,960
Speaker 1: kind of their seasons. They were in better shape already

369
00:20:22,960 --> 00:20:26,679
Speaker 1: than NFL players and baseball players were just ramping up.

370
00:20:27,240 --> 00:20:29,679
Speaker 1: Hockey was in the same situation as the NBA. But

371
00:20:29,760 --> 00:20:33,880
Speaker 1: that's a good point. They can't really skate, so um yeah,

372
00:20:33,920 --> 00:20:37,040
Speaker 1: I think most of the guys that I represent, you know,

373
00:20:37,080 --> 00:20:39,920
Speaker 1: with about sunny guys are all staying in pretty good

374
00:20:39,960 --> 00:20:43,199
Speaker 1: shape and getting ready because they know that one is resumes.

375
00:20:43,200 --> 00:20:47,600
Speaker 1: Whichever team is kind of in the best shape, certainly

376
00:20:47,600 --> 00:20:49,480
Speaker 1: in the first week or two is going to have

377
00:20:49,480 --> 00:20:52,800
Speaker 1: an advantage. Happy one of your clients are j Hampton

378
00:20:53,040 --> 00:20:55,879
Speaker 1: kind of shocked a lot of people last year choosing

379
00:20:55,920 --> 00:20:58,280
Speaker 1: instead of playing college basketball to go down to New

380
00:20:58,359 --> 00:21:02,840
Speaker 1: Zealand and played professionally overseas. I'm curious, given the news

381
00:21:02,920 --> 00:21:05,920
Speaker 1: this week of Jalen Green as well, kind of how

382
00:21:06,000 --> 00:21:09,240
Speaker 1: much you think the scales maybe tipping for the elite,

383
00:21:09,280 --> 00:21:12,879
Speaker 1: elite high school guys in terms of options outside of

384
00:21:12,920 --> 00:21:16,040
Speaker 1: college basketball to kind of bridge that gap to getting

385
00:21:16,040 --> 00:21:20,000
Speaker 1: into the NBA. Well, I mean, clearly r j um

386
00:21:20,119 --> 00:21:22,520
Speaker 1: was the first to really do this when he didn't

387
00:21:22,520 --> 00:21:25,600
Speaker 1: when he had the choice, and then Labllo Ball followed,

388
00:21:25,640 --> 00:21:28,400
Speaker 1: and it's at a president I think it will. It's

389
00:21:28,440 --> 00:21:31,560
Speaker 1: definitely changed already as you as you know because of

390
00:21:31,680 --> 00:21:34,920
Speaker 1: Jalen Green and Isaiah Todd and others joined the the league,

391
00:21:35,000 --> 00:21:37,040
Speaker 1: and I think it's going to continue to be like

392
00:21:37,200 --> 00:21:41,359
Speaker 1: that even when the NBA and the and the Players

393
00:21:41,400 --> 00:21:45,080
Speaker 1: Association agree to getting rid of the one and done rules,

394
00:21:45,119 --> 00:21:47,119
Speaker 1: the players are allowed to come out of high school

395
00:21:47,240 --> 00:21:51,000
Speaker 1: into professional sports in the NBA. Can you walk us

396
00:21:51,000 --> 00:21:54,520
Speaker 1: through real quick. The financials of of of r J's decision.

397
00:21:54,600 --> 00:21:57,320
Speaker 1: I mean, everybody knows, you go to college basketball, you're

398
00:21:57,359 --> 00:21:59,639
Speaker 1: not going to get you know, paid, it's essentially a

399
00:22:00,000 --> 00:22:02,080
Speaker 1: work of three year because you're getting a lot of

400
00:22:02,080 --> 00:22:05,320
Speaker 1: exposure media wise, at least here in the US. What

401
00:22:05,440 --> 00:22:08,560
Speaker 1: did r J? What was he able to achieve down

402
00:22:08,560 --> 00:22:10,960
Speaker 1: in New Zealand financially well? Two things. One thing, I

403
00:22:11,080 --> 00:22:12,959
Speaker 1: just want to start off by saying a lot of

404
00:22:12,960 --> 00:22:15,399
Speaker 1: people will say you get the college experience. You're a

405
00:22:15,400 --> 00:22:18,760
Speaker 1: student athlete, you know. To me, and I think you

406
00:22:18,760 --> 00:22:21,280
Speaker 1: guys who know sports will also no, there's no student

407
00:22:21,440 --> 00:22:24,120
Speaker 1: really involved. When you're in college for one year. You

408
00:22:24,200 --> 00:22:27,600
Speaker 1: show up in campus in August, you're practicing. Classes start

409
00:22:27,640 --> 00:22:31,720
Speaker 1: in September, you go to some classes one October, fift hits,

410
00:22:32,080 --> 00:22:35,280
Speaker 1: and you're able to start practicing with your team. That's

411
00:22:35,320 --> 00:22:37,840
Speaker 1: what it's about. If you're traveling, you're coming back to

412
00:22:37,920 --> 00:22:41,200
Speaker 1: take a test, you're not around campus, you're not going

413
00:22:41,240 --> 00:22:43,359
Speaker 1: to classes that often. And then as soon as the

414
00:22:43,440 --> 00:22:45,440
Speaker 1: year is done, soon as the seasons done in March

415
00:22:45,840 --> 00:22:48,720
Speaker 1: or early April, you're already getting ready for the draft.

416
00:22:48,960 --> 00:22:51,800
Speaker 1: So I don't I don't buy this season athletes stuck

417
00:22:51,840 --> 00:22:54,800
Speaker 1: for one year guys but are in r J situation.

418
00:22:54,920 --> 00:22:57,760
Speaker 1: We were able to secure a good deal with the

419
00:22:57,840 --> 00:23:01,160
Speaker 1: team in Australia that was mid six figures, and then

420
00:23:01,240 --> 00:23:03,680
Speaker 1: he was able to enter into the shoe agreement with

421
00:23:04,160 --> 00:23:07,360
Speaker 1: the largest Chinese brand called lee Ning, which is their

422
00:23:07,520 --> 00:23:11,000
Speaker 1: versions of Nike. Yeah, how big was the deal? It

423
00:23:11,160 --> 00:23:14,520
Speaker 1: was high six figures and depending on where he gets drafted,

424
00:23:14,560 --> 00:23:17,439
Speaker 1: it will be in the seven figures based on number

425
00:23:17,440 --> 00:23:20,440
Speaker 1: in city. So for an eighteen year old to make

426
00:23:21,080 --> 00:23:25,240
Speaker 1: seven figures rather than go to college for six months,

427
00:23:25,320 --> 00:23:27,720
Speaker 1: it's kind of a no brainer if you really, you know,

428
00:23:27,800 --> 00:23:30,120
Speaker 1: want to get better and work on your game full time.

429
00:23:30,160 --> 00:23:33,160
Speaker 1: And he played against adults in a professional league that's

430
00:23:33,240 --> 00:23:36,280
Speaker 1: regarded as a pretty pretty um, pretty good league that's

431
00:23:36,359 --> 00:23:39,720
Speaker 1: very physical. One of the advantages, according to the pro

432
00:23:39,880 --> 00:23:42,240
Speaker 1: NBA people about this G league is that there's a

433
00:23:42,280 --> 00:23:46,160
Speaker 1: lot of mentoring, some veterans there to teach life lessons,

434
00:23:46,880 --> 00:23:50,320
Speaker 1: so it's not just basketball and shoe contracts and in

435
00:23:50,359 --> 00:23:52,920
Speaker 1: a big salary. Do you see that as an advantage

436
00:23:52,920 --> 00:23:55,920
Speaker 1: to seventeen eighteen year old kid as opposed to maybe

437
00:23:55,920 --> 00:23:58,640
Speaker 1: going down and playing in Australia or New Zealand. I'm

438
00:23:58,680 --> 00:24:01,719
Speaker 1: not sure i'd buy that to be this life lessons.

439
00:24:02,000 --> 00:24:04,919
Speaker 1: You learn life lessons in life playing in a professional

440
00:24:04,960 --> 00:24:09,480
Speaker 1: atmosphere with the pressure with growing then I think that's

441
00:24:09,520 --> 00:24:11,560
Speaker 1: a really good way to learn life lessons. These kids

442
00:24:11,600 --> 00:24:15,600
Speaker 1: are pretty worldly already. They played overseas with the USA teams.

443
00:24:15,640 --> 00:24:17,840
Speaker 1: They're all super high level. You know, we'll see how

444
00:24:17,880 --> 00:24:21,160
Speaker 1: it works out getting NBA guys that meant to them

445
00:24:21,160 --> 00:24:22,600
Speaker 1: and to come play with them. I think it's a

446
00:24:22,600 --> 00:24:26,200
Speaker 1: good idea necessary. But this team, from what I understand,

447
00:24:26,440 --> 00:24:28,280
Speaker 1: they're not gonna play a lot of games. They're not

448
00:24:28,280 --> 00:24:29,720
Speaker 1: gonna play a lot of games with a lot of

449
00:24:29,800 --> 00:24:32,280
Speaker 1: with any pressure. They won't be in front of big crowds.

450
00:24:32,880 --> 00:24:35,320
Speaker 1: They're not playing in a G League season. They're playing

451
00:24:35,520 --> 00:24:39,800
Speaker 1: select you know, preseason game tournaments. So it'll be interesting

452
00:24:39,840 --> 00:24:41,879
Speaker 1: to see what are these guys are gonna do, you know,

453
00:24:42,000 --> 00:24:44,760
Speaker 1: all day every day when they're not practicing and lifting,

454
00:24:44,920 --> 00:24:48,600
Speaker 1: there's gonna be you know, twenty hours a day left.

455
00:24:48,640 --> 00:24:50,879
Speaker 1: They're not gonna be going to school, so I'm interested

456
00:24:50,920 --> 00:24:53,800
Speaker 1: to see how they're gonna occupy their time and teach them.

457
00:24:53,840 --> 00:24:56,360
Speaker 1: So I think that this is an experiment. We'll see

458
00:24:56,359 --> 00:24:58,440
Speaker 1: how it goes, will see how it helps players, doesn't

459
00:24:58,480 --> 00:25:02,720
Speaker 1: hurt done, doesn't help them? Are they midtick? Because every

460
00:25:02,800 --> 00:25:05,120
Speaker 1: NBA team gets to see every single thing they do

461
00:25:05,800 --> 00:25:09,120
Speaker 1: all year. You know, there's pluts of minuses with the situation,

462
00:25:09,119 --> 00:25:10,879
Speaker 1: and the money is a lot less. We're talking with

463
00:25:10,920 --> 00:25:14,840
Speaker 1: Happy Walter's co founder and CEO of Catalyst Sports and Media,

464
00:25:14,920 --> 00:25:18,919
Speaker 1: and something we talked about earlier in a in a broadcast. Uh.

465
00:25:19,200 --> 00:25:24,280
Speaker 1: Let's say a high prospect out of high school. Uh,

466
00:25:24,640 --> 00:25:28,760
Speaker 1: now goes to the G League and the top prospects

467
00:25:28,800 --> 00:25:31,639
Speaker 1: can make maybe up to a half a million dollars

468
00:25:31,720 --> 00:25:34,280
Speaker 1: a year. Now, yes, the money is Laura, like you said,

469
00:25:34,280 --> 00:25:38,040
Speaker 1: for others, But how does the n C double A

470
00:25:38,920 --> 00:25:41,600
Speaker 1: compete with that? If you if you are a top

471
00:25:41,640 --> 00:25:44,280
Speaker 1: prospect coming out of high school, why would you go

472
00:25:44,400 --> 00:25:46,159
Speaker 1: to the n c double A. Why would you just

473
00:25:46,680 --> 00:25:49,240
Speaker 1: go to the G League instead? I think that's what's

474
00:25:49,240 --> 00:25:52,440
Speaker 1: going to happen. The nc cannot compete with that, And

475
00:25:52,680 --> 00:25:56,440
Speaker 1: you know, the top ten guys every year are probably

476
00:25:56,440 --> 00:25:59,120
Speaker 1: not going to play college ball if that things remain

477
00:25:59,240 --> 00:26:01,359
Speaker 1: dat as close. Some will go right to the NBA

478
00:26:01,480 --> 00:26:04,400
Speaker 1: and the other seven eight guys, you know, because only

479
00:26:04,440 --> 00:26:06,119
Speaker 1: two or three can really go right to the nb

480
00:26:06,280 --> 00:26:09,280
Speaker 1: I think and history show that's accurate. But the other

481
00:26:09,400 --> 00:26:11,840
Speaker 1: half dozen guys are going to probably do something like

482
00:26:11,880 --> 00:26:15,520
Speaker 1: this or go to Australia or similar league that's set

483
00:26:15,600 --> 00:26:19,640
Speaker 1: up for the next stars because they need to make money.

484
00:26:19,680 --> 00:26:21,280
Speaker 1: They want to make money, they want to be able

485
00:26:21,280 --> 00:26:24,320
Speaker 1: to practice as many hours as they want or need.

486
00:26:24,520 --> 00:26:27,280
Speaker 1: Then and see A limits the amount of practice too,

487
00:26:27,880 --> 00:26:30,000
Speaker 1: you know, a couple to three hours a day at

488
00:26:30,000 --> 00:26:33,359
Speaker 1: the both so it will be and see what happens.

489
00:26:33,400 --> 00:26:36,359
Speaker 1: But the n c A should be for players that

490
00:26:37,080 --> 00:26:38,680
Speaker 1: are going to be there for more than one year

491
00:26:39,200 --> 00:26:42,440
Speaker 1: and really have the experience and the student athlete experience

492
00:26:42,480 --> 00:26:45,040
Speaker 1: we talked about earlier and learn and see what happens.

493
00:26:45,160 --> 00:26:48,600
Speaker 1: The one advantage that I see to college basketball is

494
00:26:48,640 --> 00:26:52,520
Speaker 1: that there is just tremendous promotion and I guess pre

495
00:26:52,640 --> 00:26:56,439
Speaker 1: marketing opportunity there. I mean, I would argue that Archie Hampton,

496
00:26:56,480 --> 00:26:59,399
Speaker 1: if he went to college and lit up college basketball,

497
00:26:59,680 --> 00:27:02,320
Speaker 1: would probably be a bigger name right now than he

498
00:27:02,480 --> 00:27:06,280
Speaker 1: is because he went and played in New Zealand as

499
00:27:06,320 --> 00:27:08,320
Speaker 1: an agent? Am I or am I overthinking that? Do

500
00:27:08,359 --> 00:27:11,399
Speaker 1: you think that that's overblown. Just the the fact that

501
00:27:11,400 --> 00:27:14,240
Speaker 1: these college guys are on ESPN three times a week

502
00:27:14,359 --> 00:27:16,520
Speaker 1: for for four months. Is that just something that is

503
00:27:16,520 --> 00:27:18,520
Speaker 1: not as valuable as as some people think it is.

504
00:27:18,760 --> 00:27:21,320
Speaker 1: I know, I think it's valuable, and I think that

505
00:27:21,720 --> 00:27:24,480
Speaker 1: certainly helped Zion Williamson, and yeah, r J would be

506
00:27:24,520 --> 00:27:26,560
Speaker 1: a bigger name, but I'm not sure he'd go any

507
00:27:26,640 --> 00:27:29,439
Speaker 1: higher in the draft because of it. You know, it

508
00:27:29,520 --> 00:27:32,560
Speaker 1: does help a couple of guys every year off the

509
00:27:32,600 --> 00:27:36,880
Speaker 1: court with shoe deals. Um, but you know, there's only

510
00:27:36,960 --> 00:27:40,439
Speaker 1: so many huge shoe deals, no matter how hyped or

511
00:27:40,480 --> 00:27:44,280
Speaker 1: how much attention you get. You know, last year, some

512
00:27:44,440 --> 00:27:47,760
Speaker 1: players were their names were all over the place when

513
00:27:47,800 --> 00:27:50,479
Speaker 1: it came down to the final four and then the tournament,

514
00:27:50,520 --> 00:27:52,320
Speaker 1: but they still went in the second round. They still

515
00:27:52,359 --> 00:27:55,320
Speaker 1: got a shoe deal that was pretty low, even though

516
00:27:55,359 --> 00:27:58,320
Speaker 1: they were the guy everyone was talking about. So it

517
00:27:58,400 --> 00:28:01,639
Speaker 1: really depends. It's a good point, you know, in our

518
00:28:01,720 --> 00:28:05,800
Speaker 1: J's case, Um, whether people knew his name more better

519
00:28:06,080 --> 00:28:08,640
Speaker 1: this year or or not, I still think he's met

520
00:28:08,640 --> 00:28:11,040
Speaker 1: the same five to fifteen range as he would have been.

521
00:28:11,280 --> 00:28:14,840
Speaker 1: But you know, he made a lot of money and

522
00:28:14,960 --> 00:28:17,040
Speaker 1: it's hard to make that up if you play a

523
00:28:17,119 --> 00:28:20,960
Speaker 1: year somewhere for free as opposed to a year making money.

524
00:28:21,040 --> 00:28:24,480
Speaker 1: Happy Walter It's co founder and CEO of Catalyst Sports

525
00:28:24,520 --> 00:28:27,280
Speaker 1: and Media. Thank you so much, sir for joining us.

526
00:28:27,320 --> 00:28:30,200
Speaker 1: We enjoyed talking with you. You're welcome. I appreciate you all.

527
00:28:30,880 --> 00:28:33,359
Speaker 1: I was talking. I was thinking about Happy and what

528
00:28:33,400 --> 00:28:36,760
Speaker 1: he was saying about if they go the route of

529
00:28:36,760 --> 00:28:40,440
Speaker 1: the NFL with the electronic draft. But what I like

530
00:28:40,840 --> 00:28:43,440
Speaker 1: is that he believes that this is going to happen

531
00:28:43,640 --> 00:28:49,600
Speaker 1: in August, in real time, and he is very optimistic

532
00:28:49,640 --> 00:28:53,000
Speaker 1: about it. I have my fingers crossed, and I hope

533
00:28:53,000 --> 00:28:56,479
Speaker 1: he's rights, but we'll see. Well, my takeaway was Marcus Smart,

534
00:28:56,480 --> 00:28:59,000
Speaker 1: who was one of the first people to come out

535
00:28:59,080 --> 00:29:02,120
Speaker 1: and say he tests had positive for the coronavirus, and

536
00:29:02,160 --> 00:29:04,680
Speaker 1: then the good news was that he had been tested

537
00:29:04,720 --> 00:29:07,200
Speaker 1: a couple of times and that he is now clean.

538
00:29:07,920 --> 00:29:12,960
Speaker 1: And he went down to Texas and he visited with

539
00:29:13,040 --> 00:29:15,000
Speaker 1: his his brother down there and his dad and he's

540
00:29:15,040 --> 00:29:18,240
Speaker 1: also uh making uh. He's very visible up here in

541
00:29:18,280 --> 00:29:22,160
Speaker 1: Boston and uh, you know, it's people looking for hope,

542
00:29:22,800 --> 00:29:25,880
Speaker 1: and Marcus Smart is given a lot of people around

543
00:29:25,880 --> 00:29:29,120
Speaker 1: the NBA and especially in New England. Hope. I enjoyed

544
00:29:29,120 --> 00:29:31,760
Speaker 1: the conversation about, you know, alternatives to the n C

545
00:29:31,720 --> 00:29:35,360
Speaker 1: A A. I mean, basketball not going away anytime soon,

546
00:29:35,720 --> 00:29:38,480
Speaker 1: but it certainly does feel like for the top top

547
00:29:39,040 --> 00:29:42,080
Speaker 1: high school prospects, you're Jalen Green's, you're R. J. Hampton's.

548
00:29:42,120 --> 00:29:44,360
Speaker 1: The calculus may be changing a bit. And just hearing

549
00:29:44,520 --> 00:29:47,960
Speaker 1: his kind of breakdown there, you know, amid six figure

550
00:29:48,400 --> 00:29:50,720
Speaker 1: one year deal down in New Zealand, a mid six

551
00:29:50,760 --> 00:29:53,320
Speaker 1: figure shoe deal with Leaning. You know, that's over a

552
00:29:53,360 --> 00:29:56,080
Speaker 1: million dollars in his pocket before he even hits the

553
00:29:56,200 --> 00:29:58,160
Speaker 1: n b A and and the NBA is making his

554
00:29:58,280 --> 00:30:00,320
Speaker 1: changes with the G League too, So yea, I think

555
00:30:00,320 --> 00:30:03,040
Speaker 1: we're gonna start seeing these changes happening more and more

556
00:30:03,160 --> 00:30:07,280
Speaker 1: for these top, top elite high school guys. Because that's

557
00:30:08,480 --> 00:30:10,400
Speaker 1: it feels better to be number one than number five.

558
00:30:10,400 --> 00:30:12,040
Speaker 1: I'll wear a number because of Mike. We have a

559
00:30:12,120 --> 00:30:13,920
Speaker 1: chance to go for three in a row. Kid numbers

560
00:30:13,920 --> 00:30:16,080
Speaker 1: in a good time, and I's first started wearing the number.

561
00:30:16,200 --> 00:30:19,600
Speaker 1: I would just happy. In Bloomberg Business of Sports, the

562
00:30:19,800 --> 00:30:23,280
Speaker 1: number of the week time Now for the number of

563
00:30:23,320 --> 00:30:26,400
Speaker 1: the weekend, Mike, this is brand new to you. So

564
00:30:26,840 --> 00:30:31,240
Speaker 1: I usually spring a number on and and usually scare

565
00:30:31,280 --> 00:30:33,680
Speaker 1: the daylights how to happen. So I'm gonna do the

566
00:30:33,680 --> 00:30:36,200
Speaker 1: same year. Let's see if you can get this. Uh,

567
00:30:36,200 --> 00:30:39,320
Speaker 1: and you guys at home play along. Uh, turn off

568
00:30:39,320 --> 00:30:41,920
Speaker 1: the prices right and see if you can get this number.

569
00:30:42,120 --> 00:30:44,200
Speaker 1: I'm gonna give you the number. By the way, it's

570
00:30:45,520 --> 00:30:48,840
Speaker 1: eight million dollars. That's the number in dollars. And I

571
00:30:48,880 --> 00:30:52,320
Speaker 1: will give you a hint. This is what he made

572
00:30:53,200 --> 00:30:57,120
Speaker 1: during his career as a player. I'm gonna go with

573
00:30:58,040 --> 00:31:04,760
Speaker 1: the last dance, Michael Joe. Oh, that seems high for Michael. Um.

574
00:31:04,800 --> 00:31:08,680
Speaker 1: I was feels like it should be a baseball player. No, Um,

575
00:31:08,760 --> 00:31:12,320
Speaker 1: is that Mike Trout so far close? You? You are?

576
00:31:12,400 --> 00:31:15,600
Speaker 1: You are right? It is a baseball player. In the news,

577
00:31:15,840 --> 00:31:20,320
Speaker 1: a rod Alex Rodbriguez made that much money four eight

578
00:31:20,320 --> 00:31:27,280
Speaker 1: million dollars as a player. Let's see. Uh, if he's no,

579
00:31:27,480 --> 00:31:30,720
Speaker 1: it's gonna take a little more than that. Might you

580
00:31:30,840 --> 00:31:32,720
Speaker 1: might take some more s and eight green stamps to

581
00:31:32,760 --> 00:31:37,720
Speaker 1: buy them. That's with that. Let's see you've been listening

582
00:31:37,760 --> 00:31:40,440
Speaker 1: to the Bloomberg Business of Sports. Were here each and

583
00:31:40,480 --> 00:31:42,440
Speaker 1: every week at the same John Bless online. Wherever you

584
00:31:42,480 --> 00:31:45,120
Speaker 1: can get your podcast, you can catch those Mondays, Wednesdays

585
00:31:45,160 --> 00:31:48,200
Speaker 1: and Thursdays. I'm Michael Barr on Twitter at Big Bar Sports,

586
00:31:48,360 --> 00:31:51,080
Speaker 1: and I'm Mike Lynch at Lynchy w c VV. And

587
00:31:51,120 --> 00:31:54,920
Speaker 1: I'm Evan Novie Williams at no V Underscore Williams. This

588
00:31:55,160 --> 00:31:59,120
Speaker 1: is Bloomberg Business of Sports from Bloomberg Radio around the world.

589
00:32:03,000 --> 00:32:03,160
Speaker 1: Oh