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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 nb A, Blivills are

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Speaker 1: licensing arm thing for fifty All of those things will

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Speaker 1: make up what that looks like money in sports. It's

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Speaker 1: one of the reasons why I enjoyed you on Money

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Speaker 1: that countdown. Lets talk about some of the more interesting

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

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

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

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

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Speaker 1: This is the Bloomberg Business of Sports show, when we

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Speaker 1: explore the big old money issues in the world of sports.

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Speaker 1: I'm Michael Block, I'm Scarlett coming up today. Oh my,

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Speaker 1: oh my, it's Joe Tisman. Joe Eisman himself. That's right.

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Speaker 1: He won the Super Bowl and he has also been

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Speaker 1: an m v P is a two time pro bowler.

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Speaker 1: He will be here. He laid a lot of knowledge

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Speaker 1: on us when it comes to business. That's coming straight

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Speaker 1: ahead on the Bloombergy Business Sports Show. And also we

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Speaker 1: also have to talk about one of the biggest stories

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Speaker 1: in the NFL offseason, Dan Snyder. He is still fighting

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Speaker 1: to keep ownership of the Washington Commanders. But first, Brittney Griner,

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Speaker 1: w n B A Star. She has decided to plead

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Speaker 1: guilty two charges in Russia. She was stopped at Moscow

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Speaker 1: airport back in February. She had has shesh oil in

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Speaker 1: her luggage and she's been there ever since. They decided

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Speaker 1: to Uh, I guess her attorney said, plead guilty of

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Speaker 1: this or whatever. I'm not quite sure what to make

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Speaker 1: of this, Caroline. The guilty plead could see her sentence

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Speaker 1: to ten years in prison, and as you mentioned, she's

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Speaker 1: already been in Russian jail since she was apprehended, so

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Speaker 1: it's it's been a while already. The prosecution in this

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Speaker 1: trial said that the cartridges she was carrying contained a

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Speaker 1: significant amount cannabis oil, although we're we understand that the

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Speaker 1: amount involved is o point seven O two gramslet that's

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Speaker 1: point o two ounces according to investigators. But this has

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Speaker 1: gotten all wrapped up in Russian US relations as well,

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Speaker 1: because the Deputy Foreign Minister of Russia said that the

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Speaker 1: hype and the pressure in the US for some kind

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Speaker 1: of prisoner exchange involving Grinder was not helping her costs

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Speaker 1: at all. And we know that obviously there's a lot

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Speaker 1: of concern about Britney Grinder, her family. Very few people,

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Speaker 1: at least in the US, thought that she was going

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Speaker 1: to get a fair trial. We would be remiss if

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Speaker 1: we did not mention one of the biggest stories of

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Speaker 1: the NFL offseason. Dan Snyder is fighting to keep ownership

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Speaker 1: of the Washington Commanders. He is under investigation by the U. S.

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Speaker 1: House Committee on Oversight and Reform the NFL and to

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Speaker 1: state attorneys general into allegations of workplace and sexual misconduct

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Speaker 1: as well as financial impropriety. And we learned this week

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Speaker 1: that he's enlisted the help of a former Goldman Sachs

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Speaker 1: law chiefs. That's a lot of legal fees to pay,

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Speaker 1: by the way, he gained a lot of investigations, and

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Speaker 1: I would imagine that this law chief costs quite a

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Speaker 1: bit to get a handle on what's going on. Let's

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Speaker 1: bring in Bloomberg laws justin Wise, and he wrote an

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Speaker 1: article summing up the latest justin welcome, Sir thank you

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Speaker 1: very much for having me. So, as you mentioned, there's

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Speaker 1: a lot going on in this and so my story

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Speaker 1: was trying to kind of unpack everything that's going on

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Speaker 1: involving Dan Schneider and the Washington football team. Now, a

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Speaker 1: lot of that dates back to the summer when The

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Speaker 1: Washington Post began publishing some reports, including allegations from several

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Speaker 1: former employees about the organization and it's allegedly toxic work culture.

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Speaker 1: UM that prompted an investigation that was eventually overseen by

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Speaker 1: the NFL UM and it ultimately ended with the league

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Speaker 1: slapping the team with a ten million dollar fine. It

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Speaker 1: required Snyder to step back from day to day operations,

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Speaker 1: but UM, the lead, did not release a report on

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Speaker 1: the probe's findings, as it's done with other investigations, and

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Speaker 1: Congress Last Ball began its own investigation. Since then, the

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Speaker 1: NFL has began another investigation that began after another accusation

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Speaker 1: of sexual misconduct, at this time against Dan Schneider specifically

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Speaker 1: came from the Congressive investigation. And since then we've had

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Speaker 1: the DC in Virginia attorney generals have announced that they're

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Speaker 1: doing investigations of their own. So my story was just

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Speaker 1: Dan Schneider is facing and the lawyers he's he's tasking

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Speaker 1: with kind of defending him amid a lot of what

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Speaker 1: what you had alluded to earlier is a lot of

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Speaker 1: growing scrutiny, and the Congress now is trying to get

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Speaker 1: him to testify before the committee in a deposition. Okay,

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Speaker 1: I think I counted five investigations in there, including the

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Speaker 1: one that led to the ten million dollar fine, and

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Speaker 1: four that uh seemed to be pending or will soon

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Speaker 1: take place. So the story in which you wrote about

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Speaker 1: um Karen Patton Seymour, who was a key figure for

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Speaker 1: Golden Sacks. She helped Goldman settle criminal investigations in the

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Speaker 1: one MDB scandal. She is now defending Dan Schneider. Is

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Speaker 1: that right against these House accusations. Yeah, that is correct.

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Speaker 1: Since February, she's been working as Stan Schneider on his

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Speaker 1: legal team. Um, she's been counseling him now. February is

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Speaker 1: also the same month that accusation of sexual misconduct against

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Speaker 1: Dan Schneider was made, and that prompted the NFL to

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Speaker 1: announce that it was going to conduct an independent investigation

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Speaker 1: of its own. My reporting suggests that she is counseling

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Speaker 1: him on all of the investigations, but she has also

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Speaker 1: primarily the She has been UM corresponding with the House

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Speaker 1: Committee on Oversight Reform in recent weeks and has been

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Speaker 1: going back and force with them. Most recently she was

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Speaker 1: going back and forth with them on weather game. Schneider

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Speaker 1: would appear voluntarily in in UH hearing that occurred in

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Speaker 1: late June. He did not Terry appear, and that has

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Speaker 1: led to this new cycle. UM. But she has been

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Speaker 1: coordinating or backing force with the committee right now. Justin Wise,

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Speaker 1: thank you for the knowledge. And by the way, you

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Speaker 1: can hear the extended version of that whole conversation by

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Speaker 1: checking out our podcast, and you can read Justin Wise's

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Speaker 1: article through the Bloomberg terminal or online at Bloomberg dot com. UH.

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Speaker 1: Next on the show, we change gears and speak to

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Speaker 1: Super Bowl winning former NFL quarterback Joe Tisman, and we

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Speaker 1: talked to a lot of business. Wait, you didn't talk

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Speaker 1: about football. No, we've talked about business. It's great straight

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Speaker 1: ahead on the Bloomberg Business of Sports. And when we

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Speaker 1: talk about the market, we're not talking about the supermarket.

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Speaker 1: We're talking about the stock market. Everybody, football, little golf.

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Speaker 1: That is straight ahead on the Bloomberg Business of Sports.

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Speaker 1: Michael bar You can follow me on Twitter at Big

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Speaker 1: Bar Sports. I'm Scarlett Food on Twitter at Scarlett Film.

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Speaker 1: Do not forget to catch our podcast that's Monday's, Wednesdays

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Speaker 1: and Thursdays and the only podcast platforms right here on

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Speaker 1: Bloomberg Business of Sports from Bloomberg Radio. You're listening to

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Speaker 1: Bloomberg Business of Sports from Bloomberg Radio. Welcome to the

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Speaker 1: Bloomberg Business of Sports Show, where we explore some of

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Speaker 1: the big money issues in the world of sports. I'm

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Speaker 1: Michael Barr, I'm Scarlett and if I got to tell

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Speaker 1: you who this gentleman is and you don't know, then

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Speaker 1: you need to go get in a cyclopedia book, go

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Speaker 1: on Google, because if you don't know who Joe Thiseman is,

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Speaker 1: the Super Bowl champion NFL quarterback, shame on you, pal,

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Speaker 1: Joe Tiseman. This is always great to talk to. Joe Tisman,

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Speaker 1: Thank you again a friend of the Bloomberg Business of

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Speaker 1: Sports Show. Thank you, sir. You're welcome. Michael and Scarlett's

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Speaker 1: good to catch up with you guys. I was saying

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Speaker 1: earlier when we were visiting. I guess you could say

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Speaker 1: off Mike. Uh. Usually I catch up with you guys

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Speaker 1: at the Super Bowl, So it's nice to have sort

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Speaker 1: of mickyear report. We're gonna talk to Uncle Joe about

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Speaker 1: because he's got two hobbies. He's got golf and he

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Speaker 1: also is in the finance and I just want to

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Speaker 1: saddle up here and talk to Mr Joe Eisman about finance.

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Speaker 1: I'm out there and I'm thinking I want to get

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Speaker 1: into bonds or now you're not giving advice and let

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Speaker 1: me explain that, folks, and don't want to make sure

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Speaker 1: nobody's given advice out of here, but it sure is

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Speaker 1: nice to talk finance with Joe Eisman. Please educate. Well,

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Speaker 1: the thing is is, you know what what you and

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Speaker 1: I are going to talk about is my particular individual

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Speaker 1: philosophy and ideas of things that I look at. And

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Speaker 1: for years, bonds have really not been a place where

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Speaker 1: people wanted to go, I mean equities. With the market

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Speaker 1: doing what it's done, everybody's sort of moved towards equities.

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Speaker 1: Now it almost looks like bonds are a quote unquote

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Speaker 1: safer place to go. You're getting a guarantee of return.

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Speaker 1: I mean, you're not gonna leave your money in the

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Speaker 1: banks because there's no return there, and so and the

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Speaker 1: equities are it's look really looking sometimes for a needle

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Speaker 1: in a haystack. Um, you know, what are they going

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Speaker 1: to do with the rates? They're going up on a

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Speaker 1: monthly basis. They're trying to hedge against inflation and that's

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Speaker 1: out of control. Um, the S and P you know,

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Speaker 1: where's the bottom is it? Nobody really knows. You mentioned

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Speaker 1: that you're looking at bonds, but when you do look

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Speaker 1: at equities, I'm just curious. I know that you trade options, uh,

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Speaker 1: calls and puts. Do you ever look at ets that

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Speaker 1: expose you to an entire sector or a theme in

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Speaker 1: the market? Are you always focus on single individual names? No,

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Speaker 1: I've looked at E T F S. I look at

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Speaker 1: you know, all different types of opportunities. I mean, I've

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Speaker 1: you know, I've traded crypto. I mean, I you know,

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Speaker 1: I made the decision to get out before everything went south,

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Speaker 1: when I guess it was what six months ago? Well done?

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Speaker 1: Five six months ago? I just decided that rocket ships

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Speaker 1: go up, right, but they also come back down. I

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Speaker 1: mean that's that's sort of Eventually the fuel is going

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Speaker 1: to run out and they're gonna start their head back

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Speaker 1: to Earth. And when you see things run like they do,

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Speaker 1: and we were talking a little it it's a little

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Speaker 1: bit like being in a casino. And you know, my

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Speaker 1: if I play my game of choices crafts Now, if

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Speaker 1: you have a great run on the craft table, you

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Speaker 1: can't wait to get back. But inevitably, things have a

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Speaker 1: way of leveling out. I mean, the market will the

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Speaker 1: market will entice you, and that it will disappoint you.

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Speaker 1: And the question is is when do you make a

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Speaker 1: decision to either cut your losses or take your profits

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Speaker 1: and step to the sidelines and stand there and wait

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Speaker 1: and analyze what's going on. It's funny you mentioned about gambling,

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Speaker 1: and you're right, and my my choice of gambling it's blackjack,

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Speaker 1: and you know, but I'm a thing I'm on, yeah,

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Speaker 1: among other things. You know, I won't I won't get

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Speaker 1: into the sports stuff that I bet into. I was

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Speaker 1: playing black jack the day before and you know, I

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Speaker 1: put my little fifty in there and I turned it

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Speaker 1: into like a hundred fifty and I'm like, how dignity dog,

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Speaker 1: I'm gonna come back the next day and tear them apart.

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Speaker 1: So I decided, you know, and then I got a

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Speaker 1: little I started, you know, losing. Then I started doubling up,

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Speaker 1: and I doubled up some more, and then I thought

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Speaker 1: I had yeah, exactly, And then I thought I had

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Speaker 1: I had a twenty. I had the twenty. The dealer

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Speaker 1: is how many time? Yeah? How many times do you

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Speaker 1: see that? And man he was terrible. Oh man turned

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Speaker 1: over a seven hit the eight. I'm like, you how

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Speaker 1: many guys? You know? It's it is. It's amazing. Like

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Speaker 1: I said, it's it's like, uh, you know, when when

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Speaker 1: it comes to the markets, it is it is a

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Speaker 1: bit like gambling. I think you really have to do

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Speaker 1: your research and be patients. It's the hardest thing to

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Speaker 1: do when your emotions are running. It's like it's like

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Speaker 1: the game of football. I mean, you ride the wave

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Speaker 1: of the fans. That's one thing that's very unique about

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Speaker 1: the Super Bowl is the Super Bowl is basically a

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Speaker 1: corporate event, even though the last two Super Bowls have

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Speaker 1: been played by teams that actually hosted them. Tampa Bay

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Speaker 1: and the Rams, both in fan Los Angeles. It's still

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Speaker 1: a corporate event, so you don't really have quote unquote

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Speaker 1: a hometown or home team advantage. But usually during the season,

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Speaker 1: when you're on the road, you ride the emotion of

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Speaker 1: those fans. I mean, you stood on that field and

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Speaker 1: all of a sudden, one person makes a play and

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Speaker 1: it's like everybody starts to get involved in that wave

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Speaker 1: starts to go. And it's the same thing when it

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Speaker 1: comes to you know, when it comes to investing, I

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Speaker 1: think you really you know, patience is truly a virtue,

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Speaker 1: and right now, I think everybody needs to be a

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Speaker 1: lot more virtuous when it comes to figuring out where

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Speaker 1: they want to go. That's fair. That's fair. And you

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Speaker 1: mentioned a couple of things that you've been in, whether

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Speaker 1: it's crypto cannabis. I know that you've been an avid

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Speaker 1: investor in technology as well. If you're going to be

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Speaker 1: patient and kind of pick your points of entry carefully,

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Speaker 1: what are some themes that you're looking at that might

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Speaker 1: be attractive to you six months a year down the road.

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Speaker 1: I still I still like biotech. I think we continue

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Speaker 1: to advance in different areas of technology. When it comes

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Speaker 1: to treating to these people are getting older people are

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Speaker 1: getting sick, and we saw it with the pandemic names

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Speaker 1: like Fiser Maderna. I still think staples are are something

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Speaker 1: that you know, you really have to consider food groups,

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Speaker 1: different manufacturing companies. You know, sooner or later they're going

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Speaker 1: to work out the shifting issues and getting product back

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Speaker 1: to this country. And the worst thing you can do

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Speaker 1: in anything is hurry and don't hurry up your golf swing. Okay,

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Speaker 1: don't don't. Don't think if you swing faster it's going

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Speaker 1: to go further. Don't do that. Don't don't try and

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Speaker 1: hurry up a throw. If you're a quarterback, this is

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Speaker 1: probably gonna go high wide in the problem. When it

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Speaker 1: comes to investing, I think now is the time that

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Speaker 1: you really want to take a step back and take

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Speaker 1: a look and say, okay, where am I? And and

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Speaker 1: and take and if you if you're interested in something,

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Speaker 1: and somebody told me this a long time ago, invest

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Speaker 1: in the things that you're interested in, things that you're

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Speaker 1: curious about, things that you can do some research on

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Speaker 1: things that you can study. Take two time to do that.

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Speaker 1: And uh, And like I said, at this point in time,

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Speaker 1: I think we have to be patient. I mean this

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Speaker 1: is there is no quick fix out there, and I

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Speaker 1: think we all have to take a step back and say, okay,

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Speaker 1: where what's the direction? We don't even have a direction

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Speaker 1: right now, you know. I mean that's the scary thing.

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Speaker 1: It's it's like, where's the direction of where we're going

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Speaker 1: to go? So you know that's why I say to me,

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Speaker 1: it's you know, I got was saying that. You know,

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Speaker 1: I'm not sitting on my hands. I usually you know,

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Speaker 1: I have one. I'll dabble a little bit. I guess

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Speaker 1: that's just to feed the monster, but I won't go

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Speaker 1: you know, I won't commit to a lot. At this point.

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Speaker 1: I want to talk golf because you know, what I

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Speaker 1: noticed is that all great athletes can do another sport

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Speaker 1: and do it well, and which is why I can't

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Speaker 1: play golf. You know, I tried it one time. You know,

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Speaker 1: I said, it is it's like you know what's actually

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Speaker 1: you know what it is, but it looks it e simple.

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Speaker 1: The ball isn't moving, it's sitting there. Okay, so you

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Speaker 1: say to yourself, I can hit this thing. But yet

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Speaker 1: it's it's an individual sport. Um. I mean, obviously when

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Speaker 1: you're at the professional level and That's the thing that

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Speaker 1: amazes me. A lot of people hit the golf ball

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Speaker 1: off the team pretty well, but when you get to

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Speaker 1: the fairway, your second shot, your shots in putting, chipping

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Speaker 1: and all that stuff, is where you really see the

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Speaker 1: separation of the really great players and and and those

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Speaker 1: that you know that think they can be great. But

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Speaker 1: I love the game. It's every it seems like every

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Speaker 1: other sporting event that people participate in, its action and reaction. Tennis, hockey, football, basketball, baseball,

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Speaker 1: the cross cricket. You're reacting in golf. You hit a

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Speaker 1: shot and then you get to beat yourself up over

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Speaker 1: a four minute, over a four minute walk and ask yourself,

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Speaker 1: why did I hit that shot? Should Should I have

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Speaker 1: pressed the club a little bit more forward? I've got

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Speaker 1: to stay in the shot. I've got to fire my hips.

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Speaker 1: Is my grip? Okay? The grip's wet? Is the is

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Speaker 1: the grass wet? What's the lie look like below my feet?

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Speaker 1: Now this is the conversation you have with yourself over

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Speaker 1: the next fore minute. Now you get over the ball

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Speaker 1: again and you and you've got to hit it and

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Speaker 1: it's still not moving. And you know, I love watching

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Speaker 1: the opg a tour. You know Lexi Thompson and all

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Speaker 1: of these ladies that play out there. If you, Michael,

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Speaker 1: if you ever want to take up the game, watch

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Speaker 1: the way the ladies take the club back and go

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Speaker 1: after the ball. There is such great tempo and such

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Speaker 1: great patients and such great timing of which I dream about.

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Speaker 1: I can't ever do it, and I think about it,

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Speaker 1: I say, okay, I've seen him do it. Now I'll

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Speaker 1: try it, and I can't. I mean, it's it's it's

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Speaker 1: a good for minute beat up session, and then you

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Speaker 1: have to reassess. Then you have to compose yourself and go, okay,

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Speaker 1: now I've got to hit it again. And then there's

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Speaker 1: the next four minutes. Now you're standing over a three

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Speaker 1: ft put That three ft doesn't seem like much until

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Speaker 1: you're trying to make a putt, and then it's the

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Speaker 1: new Your hands starts shaking, and you know, one hand

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Speaker 1: does one thing, the other hand does the other thing,

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Speaker 1: and the ball goes you know, another four ft pass.

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Speaker 1: You're going, oh gosh, I can't do this, but it's

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Speaker 1: almost I swear. Those little dimples looking at you, they're

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Speaker 1: they're like little smiles, like you think you're really going

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Speaker 1: to hit me, aren't you. I'm just curious to get

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Speaker 1: your thoughts on what's happening in professional golf. Um, the

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Speaker 1: civil war that's taking place in the sport, this split

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Speaker 1: between Live and p g A. You know, obviously Live

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Speaker 1: has a lot of money behind it, but how does

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Speaker 1: this get resolved? I really don't know. I mean, it's

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Speaker 1: it's very fresh and new to everybody right now. Um,

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Speaker 1: the Live tournament is going to be the first time

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Speaker 1: it's played on US soil, and that you know up

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Speaker 1: in Portland, I believe so at Pumpkin Ridge. So Um.

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Speaker 1: I think that every individual in their life has to

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Speaker 1: make a decision that they is right for them. And

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Speaker 1: that's that's really the only thing I can I can

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Speaker 1: you know, analyze it the way I look. I mean,

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Speaker 1: it's you know, it's it's each of those players decisions

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Speaker 1: to make the decision that they feel is best in

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Speaker 1: their interests and for them. And for that, you know,

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Speaker 1: guys have made decisions. I sort of look at the

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Speaker 1: p g A tour this way now is with almost

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Speaker 1: twenty very notable names having gone to the Live tournament.

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Speaker 1: It's a it's a great opportunity for a lot of

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Speaker 1: young players who maybe we're in that second tier to

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Speaker 1: be able to now come to the forefront because truthfully,

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Speaker 1: a lot of the players that have left have been

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Speaker 1: the top players. So now all of a sudden you have,

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Speaker 1: I think, an opportunity for younger players to be able

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Speaker 1: to um step up and sort of make their mark

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Speaker 1: in the in the in the p g A and

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Speaker 1: make their mark in the game. But it is uh,

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Speaker 1: it is um, it's different. Well, we saw what happened

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Speaker 1: as far as you know, the competition goes the p

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Speaker 1: g A. I think up there their prize money by

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Speaker 1: fifty four million for the tournaments, so you know, the

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Speaker 1: guys that are going to be on the PGA Tour

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Speaker 1: will have an opportunity to make more money. And it's

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Speaker 1: it's it's not it's not And this is the thing,

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Speaker 1: it's not to me. It's not just about the money.

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Speaker 1: It's about the communities that are being served through the

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Speaker 1: charity of charity contributions that are made through the p

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Speaker 1: g A. Up next on the show, stay tuned for

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Speaker 1: more of our conversation with Joe Tisman and we will

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Speaker 1: get its take on one of the biggest NFL headlines

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Speaker 1: this offseason. This Seawn wants it to the Cleveland Browns.

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Speaker 1: That's straight ahead on the Bloomberg Business of Sports. I'm

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Speaker 1: Michael bar You can follow me on Twitter at Diggar Sports.

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Speaker 1: I'm on Twitter at Scarlett Sound And do not forget

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Speaker 1: to catch our podcast. That's Monday's, Wednesdays and Thursdays and

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Speaker 1: all your podcast platforms, and right here on Bloomberg Business

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Speaker 1: of Sports from Bloomberg Radio. You're listening to Bloomberg Business

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

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Speaker 1: of Sports show, but we explore the big money issues

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Speaker 1: in the world of sports. I'm Michael Barn, I'm Scarlett

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Speaker 1: Phil and we can't have Joe Thiesman on the show

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Speaker 1: and not even mentioned any football, scarl I know we've

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Speaker 1: been holding out for this long. I thought that was

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Speaker 1: pretty good of us. I mean, you know, we're building

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Speaker 1: up some anticipation here. We want to dive into a

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Speaker 1: major QB storyline entering this season, and it revolves around

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Speaker 1: Deshaun Watson, traded from the Houston Texans to the Cleveland Browns,

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Speaker 1: but his playing status is up in the air with

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Speaker 1: the possible suspension looming. Here he is speaking at Brown's

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Speaker 1: minicamp about joining the team amid the allegation I just

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Speaker 1: be myself. I come in here with my head. Hell

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Speaker 1: ha are come in here. If any one of those

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Speaker 1: guys need to ask questions, are they have any concerns,

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Speaker 1: they know they can come to my locker and ask me.

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Speaker 1: But for ever since I walked in here, from day one,

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Speaker 1: these guys have rathered around me and supporting me. And

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Speaker 1: if anything popped up, they questions have been asked and

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Speaker 1: I asked him truthfully. And outside of that, we come

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Speaker 1: in here, we worked, We try to be the best

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Speaker 1: Cleveland Brown that we can be, best teammate we can be. Uh,

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Speaker 1: these guys have also, you know, came behind me and

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Speaker 1: supported me. I've been honest and I've been truthful about

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Speaker 1: my stance. Um, and that's you know. I never forced anyone,

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Speaker 1: I never assaulted anyone. So UM, that's what you know.

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Speaker 1: I've been saying it from the beginning, and I'm going

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Speaker 1: to continue to do that and until all the facts

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Speaker 1: come out on the legal side after continue to just

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Speaker 1: you know, go with the process of my legal team

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Speaker 1: and and um, you know, the court of law that

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Speaker 1: was DeShawn Watson at Brown's minicamp. The NFL is reportedly

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Speaker 1: pushing for suspension of at least one year. Of course,

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Speaker 1: we've got this rich hired judge conducting the hearing, and

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Speaker 1: if there's an appeal, Roger Goodell has the final stay.

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Speaker 1: Where would you who would you rather be right now?

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Speaker 1: The Texans which traded Watson or the Browns who traded

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Speaker 1: for Watson and wanted him badly enough that they structured

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Speaker 1: his contract so that his salary guarantees are not in

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Speaker 1: jeopardy even with a one year suspend. Who's a better physician? Uh?

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Speaker 1: You know, I think I think the Texans were in

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Speaker 1: a stage They've lost not only Deshaun, but you had

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Speaker 1: different players that have left. DeAndre Hopkins left, I mean,

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Speaker 1: you know, J. J. Watt left. You had different players leaves.

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Speaker 1: So they're in a rebuilding stage. So to get the amount,

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Speaker 1: so to get the amount of revenue, which we quote

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Speaker 1: unquote would be draft choice. To get what they got

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Speaker 1: should help them going forward. The Cleveland Browns were not

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Speaker 1: happy obviously with Baker Mayfield. They still owe him over

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Speaker 1: eighteen million dollars guaranteed. They felt like the making the

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Speaker 1: deal for Deshaun Watson would make a difference for their

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Speaker 1: football team. I don't think that the Cleveland Browns really

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Speaker 1: thought that Deshaun Watson would be necessarily contributing in two

427
00:22:45,160 --> 00:22:48,080
Speaker 1: thousand and twenty two. I looked at this contract, in

428
00:22:48,160 --> 00:22:51,560
Speaker 1: this deal as a future deal for them going forward.

429
00:22:51,600 --> 00:22:54,160
Speaker 1: He's young enough. He didn't play last year, he may

430
00:22:54,200 --> 00:22:55,840
Speaker 1: not play this year. I don't know what they're going

431
00:22:55,920 --> 00:22:58,640
Speaker 1: to decide. So you know, when you when you look

432
00:22:58,640 --> 00:23:01,880
Speaker 1: at when you to answer your question, Scarlett, I think

433
00:23:01,960 --> 00:23:06,720
Speaker 1: the Houston Texans got much needed help when it comes

434
00:23:06,760 --> 00:23:10,000
Speaker 1: to trying to rebuild that franchise. And then as far

435
00:23:10,040 --> 00:23:12,280
Speaker 1: as the Browns go, they feel like they're close enough

436
00:23:12,320 --> 00:23:14,359
Speaker 1: that you know, one player can make a difference, and

437
00:23:14,400 --> 00:23:16,960
Speaker 1: we saw it last year with the Los Angeles Rams

438
00:23:16,960 --> 00:23:19,800
Speaker 1: and Matthew Stafford. You know, the addition of Matthew Stafford

439
00:23:19,840 --> 00:23:22,760
Speaker 1: really really helped them, you know, win the World Championship.

440
00:23:23,000 --> 00:23:25,760
Speaker 1: I mean, the entire playoffs last year in football were

441
00:23:25,760 --> 00:23:28,680
Speaker 1: the most incredible I've ever seen in my life. Every

442
00:23:28,840 --> 00:23:33,040
Speaker 1: single game went down the last play, the last second,

443
00:23:33,320 --> 00:23:35,840
Speaker 1: and they carried right on into the Super Bowl. So

444
00:23:35,960 --> 00:23:39,919
Speaker 1: I think both teams basically um got what they needed.

445
00:23:39,960 --> 00:23:42,280
Speaker 1: De Shaun wasn't going to stay in Houston. I mean,

446
00:23:42,320 --> 00:23:44,800
Speaker 1: he made that very clear, and they got, like I said,

447
00:23:44,840 --> 00:23:46,959
Speaker 1: they got the quote unquote revenue of the draft choices,

448
00:23:47,480 --> 00:23:49,560
Speaker 1: and then of course Cleveland was looking so that you

449
00:23:49,600 --> 00:23:52,960
Speaker 1: know that if somebody has something that somebody wants, usually

450
00:23:52,960 --> 00:23:54,719
Speaker 1: you can work out a deal. Well, Joe, you've been

451
00:23:54,800 --> 00:23:56,639
Speaker 1: so kind to talk with us, and I know we

452
00:23:56,880 --> 00:23:59,480
Speaker 1: have just totally run out of time. And by the way, yes,

453
00:23:59,560 --> 00:24:02,960
Speaker 1: I know about Matthew Stafford. I'm a Detroit Lions fan.

454
00:24:03,359 --> 00:24:06,399
Speaker 1: And when I saw him leave from the Lions to

455
00:24:06,600 --> 00:24:09,639
Speaker 1: the Rams and he won the Super Bowl, it was

456
00:24:09,720 --> 00:24:13,720
Speaker 1: like that girlfriend that you broke up with and then

457
00:24:13,920 --> 00:24:18,400
Speaker 1: she's back with some handsome dude like you, and it's like, well,

458
00:24:18,440 --> 00:24:23,040
Speaker 1: what did I do? It's like, but bless his heart, though,

459
00:24:23,280 --> 00:24:25,520
Speaker 1: I'm so happy. Yeah, good, good for them. I mean,

460
00:24:25,560 --> 00:24:27,520
Speaker 1: it's it's just I think it'll be a terrific year

461
00:24:27,560 --> 00:24:29,919
Speaker 1: this year. Joe th Eisman, thank you so much for

462
00:24:29,960 --> 00:24:34,080
Speaker 1: talking with us. And now we've learned the Cleveland Browns

463
00:24:34,080 --> 00:24:38,680
Speaker 1: they're trading Baker Mayfield to the Carolina Panthers for four

464
00:24:38,760 --> 00:24:43,480
Speaker 1: conditional NFL draft picks Garlett. It feels like they're doubling

465
00:24:43,520 --> 00:24:47,000
Speaker 1: down on Deshaun Watson. They've made their decision and they're

466
00:24:47,040 --> 00:24:49,560
Speaker 1: going with Watson. Of course, we don't know if Watson's

467
00:24:49,600 --> 00:24:51,320
Speaker 1: gonna play this year, and it feels like with each

468
00:24:51,320 --> 00:24:55,240
Speaker 1: passing day it would appear less likely that he's going

469
00:24:55,280 --> 00:24:58,440
Speaker 1: to play this coming season. By the way, if you

470
00:24:58,480 --> 00:25:01,960
Speaker 1: are Sam Donald, can you imagine how you're feeling right now?

471
00:25:02,200 --> 00:25:05,879
Speaker 1: Hey you wait a minute, man, That's like, what are you?

472
00:25:05,960 --> 00:25:08,639
Speaker 1: What are you doing here? Man? It's like, oh, I'm sorry,

473
00:25:08,680 --> 00:25:11,360
Speaker 1: I'm the backup now? What's going on? So I don't

474
00:25:11,400 --> 00:25:13,639
Speaker 1: know how they're going to subtle this. Yeah, there's a

475
00:25:13,680 --> 00:25:17,200
Speaker 1: lot of personnel changes, a lot of people moving around. Um,

476
00:25:17,359 --> 00:25:22,240
Speaker 1: we do know that in general, when the Browns secured

477
00:25:22,240 --> 00:25:26,359
Speaker 1: Watson with this blockbuster trade accounting for the possibility that

478
00:25:26,400 --> 00:25:29,119
Speaker 1: he may not play this coming season, Mayfield was pretty

479
00:25:29,200 --> 00:25:32,160
Speaker 1: upset about it because Brown's did not inform him directly

480
00:25:32,240 --> 00:25:34,280
Speaker 1: that they would be meeting with Watson. He found out

481
00:25:34,280 --> 00:25:36,280
Speaker 1: about it over social media. It just feels like a

482
00:25:36,280 --> 00:25:39,680
Speaker 1: bad breakup. You know, the NFL stands for not for long.

483
00:25:39,720 --> 00:25:44,520
Speaker 1: And there's a reason why those letters are there. Quarterback. Yeah, exactly,

484
00:25:44,600 --> 00:25:48,520
Speaker 1: this is gonna be an interesting offseason. And if, by

485
00:25:48,560 --> 00:25:51,600
Speaker 1: the way, if you are drafting for your fantasy league,

486
00:25:52,200 --> 00:25:56,720
Speaker 1: pay attention because I'm still really unclear what's gonna happen

487
00:25:56,760 --> 00:26:00,960
Speaker 1: to Sam Donald Baker Mayfield. I I I still want

488
00:26:01,000 --> 00:26:03,560
Speaker 1: to see how this is going to play out. Are

489
00:26:03,600 --> 00:26:05,960
Speaker 1: they going to share equal time? Which I doubt, but

490
00:26:06,560 --> 00:26:08,960
Speaker 1: you know, pay attention for you can say all you

491
00:26:09,000 --> 00:26:12,080
Speaker 1: want about what's going to happen, and then what week

492
00:26:12,160 --> 00:26:15,240
Speaker 1: two or week three everything changes. By the way, Mayfield

493
00:26:15,240 --> 00:26:17,960
Speaker 1: becomes just the third quarterback in NFL history to go

494
00:26:18,080 --> 00:26:21,600
Speaker 1: number one overall in the draft and only last four

495
00:26:21,720 --> 00:26:24,679
Speaker 1: or fewer seasons with the team that drafted him. And

496
00:26:24,880 --> 00:26:27,960
Speaker 1: I got used to him in his commercials too. Okay,

497
00:26:27,960 --> 00:26:30,600
Speaker 1: I'm sorry. So that's reason for them to keep him, right, Yeah,

498
00:26:30,600 --> 00:26:32,520
Speaker 1: you keep him for that. He was very good. The

499
00:26:32,520 --> 00:26:38,119
Speaker 1: consumer expects it feels better to be than one than

500
00:26:38,200 --> 00:26:40,080
Speaker 1: number five. I'll wear a number because of my We

501
00:26:40,119 --> 00:26:41,560
Speaker 1: have a chance to go for three and a rown.

502
00:26:41,600 --> 00:26:43,520
Speaker 1: Good numbers are a good time. When I first started

503
00:26:43,560 --> 00:26:46,159
Speaker 1: wearing the number, how we just have been proud Bloomberg

504
00:26:46,320 --> 00:26:50,240
Speaker 1: Business of Sports, the number of the week time now

505
00:26:50,560 --> 00:26:52,320
Speaker 1: for the number of the week, there are so many

506
00:26:52,400 --> 00:26:56,199
Speaker 1: numbers this week. Yes they are. And and I'm going

507
00:26:56,240 --> 00:26:59,240
Speaker 1: to just say it up front. I'm competing against myself

508
00:26:59,320 --> 00:27:02,000
Speaker 1: to win number of the You're competing against yourself to

509
00:27:02,160 --> 00:27:04,240
Speaker 1: a number of the week. The running of the bulls

510
00:27:04,359 --> 00:27:08,359
Speaker 1: is taking place. Yes, And I'm just gonna say it.

511
00:27:08,440 --> 00:27:10,720
Speaker 1: I'm sorry, Ernest. I think this is one of the

512
00:27:10,800 --> 00:27:15,280
Speaker 1: dumbest things that people do on this planet. What what

513
00:27:15,480 --> 00:27:20,320
Speaker 1: could possibly go wrong on a slick cobblestone road and

514
00:27:20,440 --> 00:27:23,040
Speaker 1: I'm all drunk and I'm gonna run in front of

515
00:27:23,040 --> 00:27:25,960
Speaker 1: a bull who's all mad. Nothing can go wrong. Would

516
00:27:26,000 --> 00:27:27,439
Speaker 1: never happened in the US, where there will be too

517
00:27:27,480 --> 00:27:31,280
Speaker 1: many liability releases for people to sign. They run this

518
00:27:31,359 --> 00:27:36,159
Speaker 1: course and in in Pamplona it's sprayed with a substance

519
00:27:36,320 --> 00:27:40,120
Speaker 1: to help prevent the bulls some slipping on the tight corners.

520
00:27:40,440 --> 00:27:44,480
Speaker 1: Wait White, they want the bulls to have track turn

521
00:27:44,520 --> 00:27:47,880
Speaker 1: the corners quickly. This is a stupid thing. I don't

522
00:27:48,040 --> 00:27:51,679
Speaker 1: understand this for the life of me. What about for

523
00:27:51,720 --> 00:27:54,480
Speaker 1: the people. I don't care about people. What I want

524
00:27:54,520 --> 00:27:57,560
Speaker 1: to know is in terms of yards, how many yards

525
00:27:57,640 --> 00:28:01,280
Speaker 1: is the whole course? The whole course? That's a good question.

526
00:28:01,520 --> 00:28:03,280
Speaker 1: I don't even know how long this the Running of

527
00:28:03,320 --> 00:28:05,879
Speaker 1: the Bulls last, like from beginning to end, do you know?

528
00:28:06,160 --> 00:28:08,400
Speaker 1: Just out of curiosity now, I want to say, it's

529
00:28:08,400 --> 00:28:11,800
Speaker 1: only like about a few minutes if you're just you know,

530
00:28:12,840 --> 00:28:15,320
Speaker 1: a single stupid person out there on the on the course.

531
00:28:15,359 --> 00:28:16,960
Speaker 1: But there's a lot of tight quarters, like you said,

532
00:28:16,960 --> 00:28:21,000
Speaker 1: it's on a street line right in terms of yards now,

533
00:28:21,840 --> 00:28:25,359
Speaker 1: and I'm gonna give you fifty either way. Okay, No,

534
00:28:25,600 --> 00:28:27,439
Speaker 1: I'm gonna be more. I'm gonna give you a hundred

535
00:28:27,440 --> 00:28:31,879
Speaker 1: either way. Let's say it's three hundred. You're giving me

536
00:28:31,920 --> 00:28:36,159
Speaker 1: that look that tells me I've already blown it. I

537
00:28:36,280 --> 00:28:38,600
Speaker 1: tried real hard this time, but it was hard to

538
00:28:38,680 --> 00:28:41,840
Speaker 1: hide the damn girl. You were away on this one.

539
00:28:42,720 --> 00:28:47,880
Speaker 1: How awk was I bar? It is nine six yards? Really, yes,

540
00:28:48,920 --> 00:28:52,040
Speaker 1: it's and it's supposed to be about three minutes that

541
00:28:52,160 --> 00:28:55,360
Speaker 1: this course is three minutes for nifty six yards, yes,

542
00:28:55,360 --> 00:28:57,960
Speaker 1: which shows you how tight it is. And I was

543
00:28:57,960 --> 00:29:00,920
Speaker 1: staying three hundred because like it's just you know, it's

544
00:29:00,960 --> 00:29:04,360
Speaker 1: like a maze in there right. Well, yeah, I don't

545
00:29:04,440 --> 00:29:07,840
Speaker 1: understand it. People, It's like, how come you can't do Okay,

546
00:29:07,880 --> 00:29:14,560
Speaker 1: the championship, soup eating contest, anything, hot dog eating contest, anything.

547
00:29:14,680 --> 00:29:18,160
Speaker 1: We're talking nine football fields worth of running to escape

548
00:29:18,200 --> 00:29:21,760
Speaker 1: of a raging bull. That is correct. I'm with you.

549
00:29:21,800 --> 00:29:24,480
Speaker 1: This is dumb. This is I was. I was hoping

550
00:29:24,560 --> 00:29:26,680
Speaker 1: for the sake of the people who are running with

551
00:29:26,720 --> 00:29:28,840
Speaker 1: the bulls. That three yards is like, you know, you

552
00:29:28,880 --> 00:29:32,600
Speaker 1: get your jollies and then you escape without being injured. Yes,

553
00:29:33,080 --> 00:29:35,920
Speaker 1: I get it. Runners get stomped and and and it

554
00:29:35,960 --> 00:29:38,960
Speaker 1: were worse, but you get it. But that's my point.

555
00:29:39,000 --> 00:29:40,840
Speaker 1: I don't get it. It's like you want me to

556
00:29:40,840 --> 00:29:44,280
Speaker 1: feel sorry for you. No, I don't even know. I

557
00:29:44,320 --> 00:29:46,920
Speaker 1: know someone's gonna say, you like racing, don't you. I say, yes,

558
00:29:46,960 --> 00:29:49,480
Speaker 1: I love auto racing. But at least they're in a suit,

559
00:29:49,640 --> 00:29:52,000
Speaker 1: and they got a helmet, and they got all the

560
00:29:52,160 --> 00:29:56,000
Speaker 1: safety features in the world to do this. You know

561
00:29:56,800 --> 00:29:59,760
Speaker 1: safety features. Here. Let me just ask, when you win

562
00:30:00,400 --> 00:30:02,720
Speaker 1: the Running of the Bulls, what do you get. I

563
00:30:02,720 --> 00:30:04,480
Speaker 1: don't even think you win anything. I think you just

564
00:30:04,520 --> 00:30:06,600
Speaker 1: get the pad on the back. That's like you completed

565
00:30:06,680 --> 00:30:11,200
Speaker 1: the course. Yeah. So, listeners, if any of you have

566
00:30:11,320 --> 00:30:14,959
Speaker 1: ever partaken in the Running of the Bulls, tell us

567
00:30:14,960 --> 00:30:17,240
Speaker 1: what you win. Tell us if you finished the course,

568
00:30:17,960 --> 00:30:20,120
Speaker 1: and let us know if you got injured, and then

569
00:30:20,200 --> 00:30:22,960
Speaker 1: let us know what you're what you're racing for. You

570
00:30:23,040 --> 00:30:25,280
Speaker 1: do win money if you're earnest hemingway, you get the

571
00:30:25,360 --> 00:30:28,600
Speaker 1: rite about it, and you know that only happened once. Yeah,

572
00:30:28,640 --> 00:30:33,720
Speaker 1: I know that's been the Bloomberg Business of Sports show.

573
00:30:34,160 --> 00:30:36,720
Speaker 1: I know you're all are mad at me, but I'm sorry.

574
00:30:36,840 --> 00:30:39,680
Speaker 1: I know. I'm with you. Bar. We're here each and

575
00:30:39,840 --> 00:30:43,240
Speaker 1: every week at the same time, bless online. Wherever you

576
00:30:43,280 --> 00:30:46,320
Speaker 1: get your podcast should only be three football fields. Yeah,

577
00:30:46,440 --> 00:30:49,920
Speaker 1: I win the moral victory. That'll solve the problem. That's it.

578
00:30:50,320 --> 00:30:53,360
Speaker 1: You can catch those Mondays, Wednesdays and Thursdays. I'm Michael

579
00:30:53,360 --> 00:30:55,760
Speaker 1: Barr and Twitter in Big Bar Sports. I'm on Twitter

580
00:30:55,840 --> 00:30:58,680
Speaker 1: at Scarlet Food. Tune in again next week for the

581
00:30:58,760 --> 00:31:01,959
Speaker 1: latest on the stories moving big money in the world's sports.

582
00:31:02,000 --> 00:31:05,360
Speaker 1: You're listening to Bloomberg Business of Sports Bloomberg Radio around

583
00:31:05,360 --> 00:31:17,200
Speaker 1: the world. Take a step towards bringing our country and

584
00:31:17,240 --> 00:31:20,440
Speaker 1: community together. Start a meaningful conversation at Love has No

585
00:31:20,520 --> 00:31:22,920
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586
00:31:22,960 --> 00:31:25,000
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