Latest / Bottom Line on Sports / FIFA Sells Out, LeBron's Economic Impact in Philly, Player Salary Secrets & Ohio State's Jersey Deal

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FIFA Sells Out, LeBron's Economic Impact in Philly, Player Salary Secrets & Ohio State's Jersey Deal · Bottom Line on Sports

0:04
SPEAKER_02: What's up, everybody?
0:06
SPEAKER_02: Welcome to another episode of the Bottom Line on Sports.
0:09
SPEAKER_02: He's Jeremy Pink.
0:10
SPEAKER_02: I'm John Jacques Taylor, and this is our show about the intersection between sports and business.
0:16
SPEAKER_02: You know how we get down.
0:18
SPEAKER_02: We like to start every show with a number.
0:20
SPEAKER_02: The number this week, my man, 20 billion.
0:23
SPEAKER_02: 20 billion.
0:25
SPEAKER_00: Has to do with FIFA.
0:27
SPEAKER_00: Well, why don't you tell us about that?
0:29
SPEAKER_00: FIFA.
0:29
SPEAKER_00: Well, I'm glad you asked, Jacques.
0:31
SPEAKER_00: The uh uh FIFA has said that it is going to sell off a part of FIFA that's essentially the commercial enterprise side of it.
0:42
SPEAKER_00: So the group that does like sports rights fees and merchandising and things like that, they want to uh create sort of a separate entity for that and then sell off a chunk of that, and the valuation on the chunk that they may be selling off is$20 billion.
0:58
SPEAKER_02: Now, the people who are not in FIFA, uh they're not too excited about this.
1:04
SPEAKER_00: I think you know, FIFA already has this reputation for you call them ant FIFA, right?
1:09
SPEAKER_00: All right.
1:10
SPEAKER_02: No, no, no.
1:11
SPEAKER_02: Yeah, yeah, yeah.
1:12
SPEAKER_02: Um, you know, FIFA's already got this reputation for being corrupt.
1:16
SPEAKER_02: I think the last thing anybody wants to see is another is another part of them being sold off where they where they where things can be done uh not quite above board.
1:27
SPEAKER_00: Yeah, I I I think the listen, there's two issues.
1:32
SPEAKER_00: One is that absolutely FIFA has been not only has been accused of of being corrupt, but it has found to have been corrupt over the years.
1:39
SPEAKER_00: 100% correct.
1:41
SPEAKER_00: And also it's a governing body.
1:44
SPEAKER_00: Right.
1:44
SPEAKER_00: So a governing body in theory, although again, this is sports and this is is you know, it's sports, it's not sort of life and death.
1:52
SPEAKER_00: A governing body should at least have the appearance of not being influenced at all by a commercial deal or or commercial opportunity.
2:03
SPEAKER_02: And then they're trying to do business with the president's son or his son-in-law.
2:08
SPEAKER_00: His son-in-law's brother is one of the likely investors in this entity.
2:13
SPEAKER_02: Yeah, I can just see where this is going.
2:15
SPEAKER_02: Oh, you think the U.S.
2:16
SPEAKER_02: is going to get a favorable draw in the in the next World Cup?
2:20
SPEAKER_02: Oh, absolutely.
2:22
SPEAKER_02: The big fan's going to make sure that happens.
2:24
SPEAKER_00: Right.
2:24
SPEAKER_00: Well, you're going to have conspiracy theorists come out with that regardless of what happens now, even if it's not true.
2:29
SPEAKER_00: Uh but I think the the reaction from some of the other, like the UEFA's of the world and other governing leagues of the other governing bodies of of soccer, they're kind of horrified by this.
2:44
SPEAKER_02: Well, they see where it's going.
2:45
SPEAKER_02: They think no good can come from this, um, in their opinion.
2:49
SPEAKER_02: And so go ahead.
2:50
SPEAKER_00: Well, even though FIFA claims that the money that they're going to earn from this, they're going to give it, you know, in sort of give the give a chunk of that money for developmental purposes, you know, in all the federations around the world.
3:03
SPEAKER_00: Um, if you believe that, they might they might give some, but if you believe that's the rationale for doing this, uh the problem is not them giving some money for uh to to uh help the other leagues and help them with player development and all that other stuff.
3:19
SPEAKER_02: The question would be how much money are you giving us?
3:22
SPEAKER_02: It's like when you do something for charity and you say a portion of these proceeds will go to charity, and then you find out the portion is like 0.5%.
3:30
SPEAKER_00: Right, right.
3:31
SPEAKER_02: Well that is a portion, right?
3:34
SPEAKER_00: It's it's why, it's why with some nonprofit fundraising, the one of the methods in nonprofits fundraising is not to just give an organization money, but to say, I'm gonna give you money for an express purpose that you need to account for because of exactly that reason.
3:51
SPEAKER_02: No, and that's uh I don't give enough money for that to to have those types of things.
3:56
SPEAKER_02: But though, but I do say, where's this money going when I give it?
3:59
SPEAKER_02: Of course.
3:59
SPEAKER_02: You know, just to have an idea of uh, you know, because some things I'd really like to be involved in and some things I give two hoots about.
4:06
SPEAKER_02: Um so uh I I don't think uh I think this going I think this was more of a trial balloon.
4:11
SPEAKER_02: Let's put it out there.
4:13
SPEAKER_02: Oh, I don't think some reactions.
4:14
SPEAKER_00: Oh, I don't think the trial, I don't it's not a trial balloon at all.
4:17
SPEAKER_00: This is you think they're trying to make it happen.
4:18
SPEAKER_00: They're selling high.
4:19
SPEAKER_00: The World Cup was an astonishing success.
4:22
SPEAKER_00: They've been probably contemplating this for a while.
4:24
SPEAKER_00: This is the time.
4:25
SPEAKER_00: It's it's like uh this is the time you want to sell high, and that's what they're doing now.
4:29
SPEAKER_00: And they're that organization has shown no compunction or interest in public opinion.
4:37
SPEAKER_00: They're gonna do what's in their own self-interest.
4:40
SPEAKER_00: I think this is absolutely not a trial balloon.
4:42
SPEAKER_02: Well, in that case, you think it'll go for 20 billion?
4:45
SPEAKER_00: I don't I don't know.
4:46
SPEAKER_00: I haven't been able to analyze exactly how where that number came from, but it will go for, you know, in in the billions, it's it's like estimating anything.
4:55
SPEAKER_00: The you know, the Seahawks were estimated to go for 7 billion, 8 billion.
4:59
SPEAKER_00: They went for what, nine and a half, 10.
5:01
SPEAKER_00: So estimates, I just I don't know, I don't know their entity well enough to have have an opinion.
5:06
SPEAKER_02: Uh even if they sold it, what do they do with all that money?
5:10
SPEAKER_02: Because it's an entity, it's not like it's going to a team where you go, okay, we'll get new uniforms and new stadium or whatever.
5:17
SPEAKER_00: Well, as I said, they they they they said that it's gonna some of the money is gonna be distributed to the federations, uh, you know, country federations, uh, to help them with player development.
5:28
SPEAKER_00: Um yeah, that's quite possible, some of it will.
5:31
SPEAKER_00: Where's the rest of it gonna go?
5:34
SPEAKER_00: I think probably to the FIFA executive team.
5:37
SPEAKER_02: All right, that makes sense.
5:38
SPEAKER_02: It's good to be FIFA.
5:40
SPEAKER_02: Uh bottom line for me, this there's no way in the world this is good for for soccer.
5:45
SPEAKER_02: Uh, but the way my man says it, sounds like it just might get done.
5:50
SPEAKER_00: Bottom line for me, I'm very, very much opposed to FIFA and what they're doing.
5:58
SPEAKER_00: And I'm starting a group called Aunt FIFA.
6:01
SPEAKER_00: Not to be confused with any other group that might have a similar name.
6:07
SPEAKER_02: Let's move on to your boy LeBron James.
6:09
SPEAKER_02: Uh, no one is happier than my brother, uh, who's 36 years old and has been a Philadelphia 76ers fan since he was about 10 years old when AI was uh doing his thing with crossover.
6:23
SPEAKER_02: Uh matter of fact, I bought him a uh AI, authentic AI jersey when he was about 14, and I I became his favorite brother, even though I'm his only brother, uh shortly after that.
6:35
SPEAKER_02: Uh so LeBron to Philadelphia.
6:40
SPEAKER_02: Two years, eight million player option for year one.
6:45
SPEAKER_02: Uh, we talked briefly last week, and I said I thought he was going to Miami.
6:49
SPEAKER_02: That's because I really completely forgot about Philadelphia.
6:53
SPEAKER_02: Because we were just kind of talking at the end, and I was thinking about Boston and uh, you know, Milwaukee and somebody at Golden State and Miami.
7:03
SPEAKER_02: And I just go, no, you know, I forgot about Philly.
7:06
SPEAKER_02: Uh, and then as soon as I heard he was going there, I go, oh yeah, that does make sense.
7:11
SPEAKER_02: Uh they got uh young superstar in Maxie, they got a veteran superstar in Jalen Brown, regardless of whether you think he's a seven-letter cuss word or not.
7:20
SPEAKER_02: They got an aging superstar in Joel and B.
7:23
SPEAKER_02: They just want him ready for the playoffs.
7:25
SPEAKER_02: They got a uh young youngster Edge.
7:28
SPEAKER_02: Yeah, yeah, Edge Cone, who who had a terrific rookie year uh out of Baylor.
7:33
SPEAKER_02: I think he was a third pick overall and played like it.
7:36
SPEAKER_02: Uh and Maxie, you know, he's a uh he's a bona fide star.
7:41
SPEAKER_02: And then you throw LeBron in there.
7:43
SPEAKER_02: Um, you know, it they have a chance to compete, and that's all that's all you want if you're LeBron.
7:49
SPEAKER_02: Can I have a chance, a legitimate chance to compete for a championship?
7:52
SPEAKER_02: And I think they do.
7:54
SPEAKER_00: Yeah, I I think that uh I think the wild card of all this, if if I'm looking at this deal from a pure sports point of view, is Jalen Brown wanted to go, he wanted to be the man in Boston, wanted to be the number one in Boston.
8:11
SPEAKER_00: Um he's gonna have to share the ball with uh and share the number one duties.
8:16
SPEAKER_00: He could be sharing the number one duties with three other players.
8:19
SPEAKER_02: Well, here's the deal, man.
8:21
SPEAKER_02: Um, and I think you raise an interesting point, but it's been my experience.
8:26
SPEAKER_02: Uh but most of the usually this is a financial thing.
8:30
SPEAKER_02: For example, many times an older player, I used to like to say Eddie George because he's a buckeye, and he played for Tennessee, and he ended he ended his career in Dallas.
8:40
SPEAKER_02: The Cowboys paid him the exact same thing, the exact same thing Tennessee paid him.
8:46
SPEAKER_02: And so I so we were talking shortly after he came to Dallas, you know, we just blowing, shooting it.
8:51
SPEAKER_02: And I go, so why you come here, dog?
8:53
SPEAKER_02: He goes, I done I earned more money in Tennessee.
8:57
SPEAKER_02: Had to pay me.
8:58
SPEAKER_02: I wouldn't have taken that for Tennessee, but I'll take it from you.
9:01
SPEAKER_02: Uh because I had sweat equity in Tennessee.
9:03
SPEAKER_02: I built that franchise, they owed me more in Dallas.
9:07
SPEAKER_02: Okay, fine, I'll take that.
9:09
SPEAKER_02: So my point is in Boston, he probably feels I'm just as good as Tatum, I'm better than Tatum.
9:16
SPEAKER_00: I see.
9:17
SPEAKER_02: I want my shine, but I can go to Philly and say, oh, I see Maxie is me six years ago.
9:24
SPEAKER_02: I respect his game, I see what he's doing.
9:27
SPEAKER_02: LeBron is the OG.
9:28
SPEAKER_02: If I need to mold my game a little bit to the OG, I could do that because I have such respect for his.
9:35
SPEAKER_02: That's if he's thinking like that.
9:37
SPEAKER_02: If I have such respect for his game, blah, blah, blah.
9:41
SPEAKER_02: I could do that.
9:43
SPEAKER_00: Let's let's talk.
9:44
SPEAKER_00: Let's talk in November, December.
9:47
SPEAKER_02: That's the whole thing.
9:48
SPEAKER_02: Uh, because the first part of their season, they'll lose a lot of games where people will be like, oh, what's wrong with it?
9:55
SPEAKER_02: And it's all because they're trying to figure out who's going to take the shot in the fourth quarter, who's going to assert themselves, what's the rotation going to be like?
10:03
SPEAKER_02: How can I make sure we all get our turn to play?
10:07
SPEAKER_02: And a lot of it is uh is LeBron.
10:10
SPEAKER_02: I read today or yesterday that they view him as kind of a point forward, point guard kind of thing, run the offense.
10:18
SPEAKER_02: Um, and again, see, now it flips to LeBron's ego.
10:22
SPEAKER_02: Is he okay averaging 17 points a game and having 12 assists?
10:28
SPEAKER_02: Because, you know, he's always been that kind of facilitator.
10:30
SPEAKER_02: So if he takes that to heart and says, I don't need to score because look at all these guys we got, you know, he could have a phenomenal year and not average as much, but your ego's got to be able to take that.
10:41
SPEAKER_02: And, you know, um, so much of sports is about ego, whether you learn how to subjugate it or whether you assert it or whether you control it.
10:50
SPEAKER_02: It's all ego.
10:51
SPEAKER_02: And they got a lot of, we ain't talked about embi yet.
10:55
SPEAKER_01: Right.
10:55
SPEAKER_02: And it's a lot of ego on that team, and it's up to them to figure out how to merge and mesh and play together.
11:02
SPEAKER_00: Yeah.
11:03
SPEAKER_00: Yeah.
11:03
SPEAKER_00: Uh, I would have taken, and and not just because he's a dookie, I would have taken Tatum 10 times out of 10 over uh Jalen Brown.
11:12
SPEAKER_00: Um but what's also a very likely, there's two things that are also very likely to happen, which could kind of mitigate some of these issues.
11:21
SPEAKER_00: One is that both Embiid and LeBron aren't playing 80 games.
11:25
SPEAKER_00: They're probably they're probably playing 50 games.
11:28
SPEAKER_00: And secondly, of those four of the five projected starters, one or two of them's gonna be injured during the season.
11:36
SPEAKER_00: So I don't think it's gonna be a huge issue, but I think that again, me, I don't know anything about Jalen Brown.
11:44
SPEAKER_00: I don't know Jalen Brown personally.
11:46
SPEAKER_00: Um, I'm just uh surmising based on what I how I've seen him uh who by the way, I think he's a he's a phenomenal player.
11:52
SPEAKER_00: Don't get me wrong.
11:53
SPEAKER_00: I think he he he was amazing during the regular season last year.
11:56
SPEAKER_00: Um but I think he's not gonna be happy.
12:00
SPEAKER_00: Uh he's he's just not gonna be happy, and I think that's gonna create an issue.
12:04
SPEAKER_02: Uh that we'll see.
12:05
SPEAKER_02: Um but but you're talking I was gonna say that we'll see, but we really we're talking about LeBron today because I had a thought, and then ironically enough, an article came out about I was really wondering like what the economic impact of somebody like LeBron is to your city and your team, because you know what happens is is um like stuff like this.
12:35
SPEAKER_02: When you talk about economic impact, whoever their radio broadcast team is, with whatever station they're on, those ads for the games that used to cost$100 last year.
12:47
SPEAKER_02: Oh no, brother.
12:49
SPEAKER_02: Right, that's$500 for that 30-second ad this year.
12:53
SPEAKER_02: And and just put that about anything because now we are the hottest ticket in time.
12:58
SPEAKER_02: Yeah, and you know, you don't know where he's gonna play two years, so you better come see him.
13:04
SPEAKER_02: Just everything is more now.
13:06
SPEAKER_02: Yeah, um, they're gonna have some of that premium pricing, I bet.
13:09
SPEAKER_02: Of course.
13:09
SPEAKER_02: Where when they play the Knicks, that ticket that's usually$100 is now$250 or whatever, because they can do that, because the king has arrived.
13:20
SPEAKER_00: There's there's an organization, there's a company called the Boyd Company that does uh helps organizations if they're thinking about maybe locating a headquarters or locating part of a larger company in a given city.
13:32
SPEAKER_00: And they came out with actually an estimate for the economic impact of LeBron joining uh Philadelphia.
13:39
SPEAKER_00: The company, it's called the Boyd Company.
13:41
SPEAKER_00: Uh, and their economic impact was 250 to 400 million dollars, just as an economic impact.
13:48
SPEAKER_00: And if you look, if you look at what his economic impact was in Cleveland on his return, it was something to the four to five hundred million dollar range.
13:56
SPEAKER_00: So that's uh that's real.
14:00
SPEAKER_02: The number of people and entities making money off of LeBron James being in Philadelphia this year is going to be insane.
14:08
SPEAKER_02: You know, the hotels are going to be booked because people are gonna be coming in from out of town to watch him play.
14:14
SPEAKER_02: I mean, it's just gonna be wild.
14:16
SPEAKER_00: Um, because the new team, uh, because they're really gonna see are we gonna see Sixers Celtics on Christmas Day, you think?
14:23
SPEAKER_00: Or Sixers Knicks?
14:24
SPEAKER_02: Uh because they're division rivals, they're probably playing four or five times.
14:29
SPEAKER_02: Uh, you probably see uh one of them will open the season, one of them will be on Christmas Day for sure.
14:35
SPEAKER_00: I think Sixers Knicks is Christmas Day.
14:38
SPEAKER_02: Hey, I'm down for that.
14:39
SPEAKER_02: That's a great game at noon.
14:41
SPEAKER_02: Or one o'clock, whatever, whatever time zone you're in.
14:44
SPEAKER_02: That's a great game.
14:45
SPEAKER_02: Uh ended up with Luca and somebody uh Christmas night.
14:49
SPEAKER_02: Um so no.
14:51
SPEAKER_00: Uh yeah, West Coast game.
14:53
SPEAKER_00: Yeah, yeah.
14:54
SPEAKER_00: But but but the but the economic impact is is real, and it's uh as you said, the the economic impact, the the tentacles of the of this thing reach just about everywhere, whether it's you know, hotels, whether it's restaurants, um there are uh bars, yeah, can uh ticket sales, uh jersey sales, concessions, uh travel, everything revolves around this.
15:23
SPEAKER_02: Even uh it's it's crazy.
15:25
SPEAKER_02: Even stuff like the NBA ticket.
15:27
SPEAKER_02: Like, okay, he's been with the Lakers for several years, who cares?
15:30
SPEAKER_02: Oh, he's with the Sixers.
15:32
SPEAKER_00: Oh well, one of the one of the least understood impacts of that is LeBron James's games now, unlike the last seven or eight years, however long he's with the Lakers, is now in Eastern time where a lot more people can see him.
15:47
SPEAKER_02: Yeah, no, and uh and again the ad rates for the TV games are going up when LeBron is playing.
15:54
SPEAKER_00: Well, not only that, the NBA waited to uh create its schedule based on where LeBron was landing, so we could put you know LeBron against I mean, so you're gonna see there's gonna be some great games, right?
16:08
SPEAKER_00: There's gonna be the Knicks against the Sixers, there's gonna be the Lakers against the Sixers, and then there's gonna be Boston against the Sixers.
16:17
SPEAKER_00: Those are gonna be three huge marquee games.
16:20
SPEAKER_02: Um yeah, and I think you can even throw in uh Miami for the second tier.
16:26
SPEAKER_00: Uh Miami and Cleveland in the second tier for sure.
16:28
SPEAKER_02: Yeah, for sure.
16:29
SPEAKER_02: So no, man, and uh, you know, because they you know, the the question, and you're always good about answering this, is because now the NBA is chopped up on all these different networks, it'll be interesting to see whether who gets the games.
16:43
SPEAKER_02: You know what I mean?
16:44
SPEAKER_00: Well, that's what's that's what's being haggled uh on behind the scenes now.
16:48
SPEAKER_02: Because they're all fighting for them.
16:49
SPEAKER_00: Yeah, absolutely.
16:50
SPEAKER_00: No question.
16:51
SPEAKER_00: And and it's also it it's it's what are the what are the marquee spots for these games?
16:57
SPEAKER_00: You know, Christmas Day is certainly one.
17:00
SPEAKER_00: As you said, opening, opening night or opening week is certainly one.
17:05
SPEAKER_02: And then there are some others, and I say this, there are others meaning like uh I was talking to Troy Aikman, as I name dropped, a few weeks ago, and uh we were talking about the San Francisco rivalry, and he goes, Yeah, there's there was he goes, It's no secret we always played in early November because that was sweeps.
17:23
SPEAKER_02: And I was like, Wow, I never even thought of that.
17:26
SPEAKER_02: Yeah, uh, but there's all kinds of stuff like that.
17:29
SPEAKER_00: Yeah, sure, sure.
17:30
SPEAKER_00: No, it's uh uh it'll be good.
17:33
SPEAKER_00: I but I I think that you'll see NBA viewership of some of these, and and I've you know, NBC or Amazon or whoever has some primetime games every week, you know, trying to create a a night during the week in prime time to kind of create that kind of appointment viewing for people or create that that kind of reaction.
17:56
SPEAKER_00: Oh, it's Tuesday night.
17:57
SPEAKER_00: Like like TNT used to have games on Tuesday nights, I think.
18:00
SPEAKER_00: Oh, let's let's watch a game on TNT Tuesday night.
18:03
SPEAKER_00: Some of the networks are gonna be looking at saying, okay, we want to establish this weeknight as our basket, as our NBA night.
18:11
SPEAKER_00: And they're gonna be lobbying hard for as many of these kind of marquee games as they can.
18:16
SPEAKER_00: But it's even it's even better for the NBA because he's in uh on the Eastern time zone.
18:21
SPEAKER_00: That that is gonna be uh you'll see you'll see a bump in viewership just just from that reason, for just for that reason alone.
18:28
SPEAKER_02: Now, uh bottom line for me.
18:30
SPEAKER_02: Oh, let me ask you about this before we move on to the bottom line because I just thought about it.
18:34
SPEAKER_02: Um it's interesting that there's real talk about him living in this New York, Manhattan.
18:42
SPEAKER_00: Taking a helicopter, yeah.
18:44
SPEAKER_02: And taking a helicopter to Philly because it's a 45-minute helicopter ride.
18:49
SPEAKER_02: That seems odd to me for for this reason for a couple reasons.
18:54
SPEAKER_02: Number one, it's the east coast, it's not like California, like Kobe was doing, where you would say 95% of the time it's going to be great weather.
19:06
SPEAKER_02: East Coast, uh, you could have snowstorms, you can the weather doesn't seem conducive to take.
19:12
SPEAKER_02: I mean, for me, I ain't trying to be in a helicopter that often.
19:15
SPEAKER_02: And maybe that's just, I mean, he's rich enough, he could certainly have a place in New York, and on days where it made sense, okay, I'm going to New York for a couple days.
19:23
SPEAKER_02: But it seems like you could build some uh goodwill with the city if you lived in the city, even if you went to New York all the time.
19:30
SPEAKER_02: But if your address said I'm living in Philly this year, uh, but you know, sometimes you be so rich it doesn't matter and you don't care.
19:38
SPEAKER_00: I think he's not worried about goodwill.
19:40
SPEAKER_00: I just I think I just I just don't.
19:42
SPEAKER_00: Um yeah, I you know it's but this is how close these markets are to one another in proximity.
19:48
SPEAKER_00: If you remember, the Knicks played the Sixers in the playoffs this year.
19:54
SPEAKER_00: Yeah.
19:54
SPEAKER_00: And there were more Knicks fans at the Sixers games than there were Sixer fans because it's so close.
20:00
SPEAKER_00: It's it's so close.
20:01
SPEAKER_00: We can drive, we will, we will sometimes drive.
20:04
SPEAKER_00: We have friends in Philly, and I live, I live literally right next to New York City.
20:08
SPEAKER_00: Um, I can drive into New York City in like 15 minutes.
20:12
SPEAKER_00: And we we can drive to Philly in the morning, meet somebody for lunch, and drive back here.
20:18
SPEAKER_00: Takes me an hour and a half, hour and 15 minutes.
20:20
SPEAKER_00: So it's very close proximity.
20:21
SPEAKER_02: All right.
20:21
SPEAKER_02: So theoretically, if it if you didn't, if the um if it was if the weather was bad for the helicopter, you just have a car service pick you up and take you wherever you need to go.
20:32
SPEAKER_00: Yeah, yeah.
20:32
SPEAKER_00: It's like it's like Philip Rivers used to do when he was his family was in San Diego, and then when when you know the team moved to Los Angeles, uh the Chargers, he used to take a car up and back, you know, something like that.
20:45
SPEAKER_00: Eminently do eminently doable.
20:47
SPEAKER_02: All right.
20:47
SPEAKER_02: Bottom line for me, uh, Philly getting LeBron is gonna be a whole deal, and I'm actually looking forward to it.
20:54
SPEAKER_02: It's gonna be exciting to see what he can do.
20:55
SPEAKER_02: And hey, because on the East Coast, I can stay for most of the games.
21:01
SPEAKER_00: Uh bottom line for me, uh gonna be great.
21:05
SPEAKER_00: Uh it's gonna be great for the sports fans, it's also gonna be great for business, and it's gonna be most importantly, it's gonna be fantastic for the economy of Philadelphia.
21:14
SPEAKER_02: You know, this leads us to another conversation.
21:16
SPEAKER_02: We mentioned Jalen Brown earlier.
21:18
SPEAKER_02: Jalen Brown said something, uh, he was he was having a conversation with somebody this week, and he talked about uh he didn't like the fact that players' salaries were public because it allowed the media to drive certain agendas or media people to drive certain agendas.
21:34
SPEAKER_02: And my initial thought is hey dog, you make enough money, it doesn't it shouldn't matter to you if people know how much you make.
21:41
SPEAKER_02: Uh but secondly, is everything about and it doesn't matter which which league you're talking about, which of the major leagues you're talking about, everything is driven by money because these leagues, except for baseball, have salary caps, have salary caps.
22:00
SPEAKER_02: And so it matters how much people make.
22:02
SPEAKER_02: And in the league that doesn't have salary cap baseball, I literally just read an article uh less than an hour ago about the Texas Rangers.
22:12
SPEAKER_02: They're not they're they're a slightly above average baseball team.
22:15
SPEAKER_02: They're in the fourth or fifth largest city in America, metropolitan area, depending on how you count it.
22:21
SPEAKER_02: They have the 15th highest payroll.
22:24
SPEAKER_00: Oh, I thought their payroll was in the top 10.
22:27
SPEAKER_00: It used to be.
22:27
SPEAKER_00: Used to be, yeah.
22:28
SPEAKER_00: Okay.
22:28
SPEAKER_02: Um, and the story is all about there's uh outside of the Yankees in Tampa Bay, who scares you in the American League?
22:37
SPEAKER_02: The Rangers need a catcher, they need a reliever, and they might and a bat, and maybe they can do some things.
22:44
SPEAKER_02: But the owner says, I don't want to add any additional payroll.
22:48
SPEAKER_02: So everything you do has got to be uh tit for tat.
22:52
SPEAKER_02: Uh, or if you do add some payroll, it's got to be minuscule.
22:56
SPEAKER_02: And so what are we talking about?
22:57
SPEAKER_02: We're talking about money and salaries and how one team says, I don't want to spend no money, and so we can't contend.
23:07
SPEAKER_00: Yeah, I mean, as you as you pointed out, we were talking earlier, as you pointed out, there's a reason Jalen Brown is on the Sixers.
23:15
SPEAKER_00: Yeah, because of his salary.
23:17
SPEAKER_00: There's a reason that LeBron James is on the Sixers because of his salary.
23:21
SPEAKER_00: Dude.
23:22
SPEAKER_00: And so Jalen Brown's point about you you shouldn't discuss salaries.
23:27
SPEAKER_00: Um, he's in the public eye.
23:29
SPEAKER_00: He's a public figure.
23:30
SPEAKER_00: That's number one.
23:32
SPEAKER_00: You will routinely hear what movie stars are getting paid, what actors are getting paid.
23:37
SPEAKER_00: But importantly, publicly listed companies have to disclose the salaries and the compensation of their executives.
23:47
unknown: Yeah.
23:47
SPEAKER_00: So those are those are actually formally uh formally disclosed.
23:52
SPEAKER_00: So it's a pretty common practice for people in a pub who are public figures who are in the public eye.
23:57
SPEAKER_02: It's just the nature of the beast, man.
23:59
SPEAKER_02: Um this was not always the case.
24:01
SPEAKER_02: Back when I was a kid, I didn't know how much anybody made.
24:04
SPEAKER_02: Uh the salary caps showed up about 1994, 95, um, somewhere in that ballpark.
24:12
SPEAKER_02: Um, and that changed force.
24:14
SPEAKER_02: It showed up in the NFL at that time.
24:16
SPEAKER_02: The other teams added their salary caps.
24:18
SPEAKER_02: And what it does is it makes now money a huge part of the game because what people make and how long their contracts are, and how long their contracts are when their contracts expire, and how much money they all of that is now a huge part of how you put your team in.
24:35
SPEAKER_02: And so it's like college football now or college sports with NIL.
24:40
SPEAKER_02: Although sooner or later, the teams don't want it public now, but sooner or later, all those numbers are gonna be public because it's going to determine what kind of roster you put together and what and what kind of team you put together.
24:51
SPEAKER_02: And uh the University of Texas, Steve Sarkeesian, already took some flack this week, last week, because he said, Oh, yeah, we had to get rid of, and he named them this guy and this guy and this guy, because we needed their their money to go get this guy and this guy and this guy.
25:09
SPEAKER_02: And uh it's business.
25:11
SPEAKER_02: It's it's all transactional business.
25:13
SPEAKER_02: It's a business.
25:13
SPEAKER_02: Just the nature of the beast.
25:15
SPEAKER_00: Yeah, it's you see the NBA doesn't formally have a salary cap.
25:20
SPEAKER_00: The first apron and the first and second apron, which are the the thresholds for whether or not you pay incremental money in in luxury taxes, are a de fact create a de facto salary cap.
25:34
SPEAKER_00: That's number one.
25:35
SPEAKER_00: Number two is that the there are publicly there are negotiated amounts for max and supermax deals.
25:45
SPEAKER_00: So you know how much people are, you know, how much players are gonna get.
25:47
SPEAKER_00: And there's also a salary floor.
25:49
SPEAKER_00: You have to you have to spend a certain amount of money regardless.
25:52
SPEAKER_00: So you don't have to be a genius to figure out how much a lot of these players are making, yeah.
25:59
SPEAKER_00: You know, so publicly disclosing them, that's part of sports.
26:02
SPEAKER_00: That's what's what people talk about.
26:05
SPEAKER_00: It it creates a lot of we're talking about it now, lots of media is talking about it, lots of fans are talking about it.
26:12
SPEAKER_00: That increases the value of the game, that increases the notoriety of the game, also, which increases the value to the players at the end.
26:18
SPEAKER_02: We're doing a whole podcast about the business of sports and business.
26:23
SPEAKER_02: I mean, it's about sports and money.
26:25
SPEAKER_02: That's that's what we're talking about, and much of what we end up talking about is about contracts and salaries and and and how and and the the next subject is how people pay for all these salaries.
26:35
SPEAKER_02: You know, even when you're talking about um uh the Cowboys and why they're the most valuable franchise, it's because Jerry Jones figured out how to market all these different things to bring money into his team so that he's flush with cash, which back in the day when it really got started, gave them an advantage over other teams because they could pay people huge signing bonuses because they had the actual cash to do it, which meant they could lower salaries.
27:02
SPEAKER_00: Well, you had you had two owners in Dallas that were very innovative that were were business guys who helped unlock the value of the NFL and Jerry Jones and the NBA and Mark Cuban.
27:16
SPEAKER_00: Those are two incredibly important owners, uh, who, by the way, are also public figures now.
27:24
SPEAKER_00: People know who they are because of what they did.
27:28
SPEAKER_00: And and that has unlocked a tremendous amount of value in both in both sports for different reasons.
27:34
SPEAKER_00: So so to complain, and I understand his point, you know, I don't want anybody knowing how much I make either, but if you apply for a job in the state of New York, I think it's the state of New York and there's other states, when you apply for that job, or if that job is posted, I should say, there's a specific salary range that you have to give.
27:55
SPEAKER_00: So even in public postings now for a lot of jobs, and I'm not sure if this is nationwide, but I certainly in this in the state of New York, right?
28:03
SPEAKER_00: Um, you know, hey, I'm applying for this job as you know, what whatever the job, executive assistant for such and such a company.
28:10
SPEAKER_00: And it says the pay range is between, you know, 75,000 and 85,000.
28:15
SPEAKER_00: Yeah.
28:16
SPEAKER_00: So now you know these things are probably in, and you know, it's it's sort of the whole the more transparent people are with salaries and how much everybody's getting paid, sort of the less discriminatory payment practices are out there, too.
28:29
SPEAKER_00: But that becomes a whole other political.
28:30
SPEAKER_00: That's a whole nother thing.
28:31
SPEAKER_02: But that's it's always interesting because that's what you know.
28:34
SPEAKER_02: At one point, at one place, Jalen Brown says that.
28:37
SPEAKER_02: At another, every league is about hey, Jeremy caught 35 passes for 400 yards, he's making six million.
28:46
SPEAKER_02: I caught 50 passes for 700 yards and seven touchdowns, and I'm making 40.
28:52
SPEAKER_02: He's he's why is he making more than I need to make more than him?
28:55
SPEAKER_01: Right.
28:55
SPEAKER_02: I mean, they all base it on that, but they all base it on stats.
28:59
SPEAKER_00: Well, that's because the second that's because the second that's because the second guy was making 40 million had JJ McCarthy as his quarterback, but that's that's that's why.
29:06
SPEAKER_02: Um, so it's uh it it's it's all out there, but it's all being used for for whatever your purpose is.
29:13
SPEAKER_00: Uh that's exactly right.
29:14
SPEAKER_00: That's a very good point.
29:15
SPEAKER_02: Yeah, because owners go, hey Pink, you weren't quite as good this year, man.
29:19
SPEAKER_02: Instead of two million, how about we pay you one million this year?
29:23
SPEAKER_02: Yeah, and then your agent goes out and says, Hey, is anybody else gonna pay us two million?
29:28
SPEAKER_00: Well, think think think of this.
29:29
SPEAKER_00: What what if what if uh you don't think Jalen Brown wants to know and feels he has a right to know how much Jason Tatum makes?
29:38
SPEAKER_02: Exactly.
29:39
SPEAKER_02: Yeah, and so you know, having your money out there is just part of the deal.
29:46
SPEAKER_02: I've always been a transparent money peep money person, in part because now, you know, here's the difference between us you spent much of your career in management.
29:55
SPEAKER_02: I spent my much of my career as a player.
29:58
SPEAKER_01: Uh-huh.
29:59
SPEAKER_02: Management is always trying to keep salaries low, and they don't want anybody to know what anybody else is making, um, you know, so that they don't have to have these conversations that the teams have.
30:08
SPEAKER_02: It's just the nature of the beast.
30:10
SPEAKER_02: And um, you know, so I used to always ask people who did what I did, give me a ballpark of what you make, and I'll tell you what I am, so I can see if we're in the same in the same conversation.
30:20
SPEAKER_02: Because if not, you know, you go in with a number and they go, okay, we'll do that.
30:26
SPEAKER_02: And then they go back, I was gonna ask for a much bigger number.
30:30
SPEAKER_02: Right.
30:30
SPEAKER_00: I I I think that, you know, yes, yes, and no.
30:33
SPEAKER_00: I think a lot of companies have specific banding and and you know, uh a stra uh a strata or you know, a range rather, for salaries at certain levels and all of that.
30:44
SPEAKER_00: Now, it changes a lot with with uh talent, whether the talent is an actor or a journalist or a news anchor or a basketball player or whatever, those salaries are kind of all over the place because they those are much more subjective measurables.
30:59
SPEAKER_02: Those salaries are often about leverage.
31:01
SPEAKER_02: That's true.
31:02
SPEAKER_02: You mean when somebody comes to somebody wants you to come work for them, well, I'm perfectly happy here.
31:08
SPEAKER_02: You have to blow me away.
31:10
SPEAKER_02: And then that's how you end up somewhere in the same market, and one person is making 30,000 more than somebody else.
31:16
SPEAKER_00: As I always say, and I'm not saying this is going to sound like I'm not making any judgment on this, but talent will always co-opt value from a company.
31:26
SPEAKER_00: Because, yeah, and that's just that's just how it is.
31:28
SPEAKER_00: And that you can see that from you know the the MGM in the 1900s, uh early MGM, and that the talent basically co-opted uh you know the value of the studios at that time.
31:41
SPEAKER_00: And that just happens in, you know, in and you know what?
31:44
SPEAKER_00: LeBron James is worth more than almost every, you know, uh the top 10 players are probably not worth as much as LeBron James is to the NBA.
31:53
SPEAKER_02: Okay, real quick before we move on.
31:55
SPEAKER_02: How many other players, if they were moved to a different team, would have a 250 to 400 million economic impact on a city in the NBA.
32:10
SPEAKER_00: Right now, I think Steph Curry might.
32:14
SPEAKER_02: Okay.
32:15
SPEAKER_00: Uh I think that in in in the sort of the immediate impact probably right now, Steph Curry's probably the only one in the same stratosphere as LeBron.
32:28
SPEAKER_00: Um you could you and also the same stratosphere, not just in terms of playing ability, but also in personality and and awareness and everything like that.
32:38
SPEAKER_00: I would say curry.
32:39
SPEAKER_00: I can't, you know, the best players, Luca, um Giannis Jokic.
32:47
SPEAKER_00: Okay, Giannis is a good thing.
32:49
SPEAKER_02: So Giannis is going to Miami.
32:51
SPEAKER_02: What kind of economic impact is Giannis gonna have?
32:54
SPEAKER_00: Well, there's two reasons.
32:55
SPEAKER_00: I think Giannis is gonna have some, certainly not a he's gonna have it definitely an economic impact, but the Miami market is not a sports fans market the way Philly is.
33:03
SPEAKER_02: Philly's like the Lakers or Matt.
33:06
SPEAKER_00: Right, exactly.
33:06
SPEAKER_00: Philly's a totally different animal.
33:08
SPEAKER_00: There's there's not much to do in Philly except for watch, you know, the the 76ers and Eagles and whoever the Phillies.
33:14
SPEAKER_00: By the way, and they have the it's a great sports town.
33:17
SPEAKER_00: Miami, you know, you can go to a Marlins game and maybe you know, six people show up to a Marlins game, you know.
33:24
SPEAKER_00: Maybe maybe, maybe eight.
33:26
SPEAKER_00: Um, and you know, the dolphins games, you know, people now the Panthers do well down there, but but uh so it's a different town.
33:34
SPEAKER_00: So if Giannis, so I think sort of apples to apples, if Giannis went to Philadelphia instead of LeBron, maybe half that impact if it at most?
33:45
SPEAKER_02: Maybe because I don't Giannis as great as he is, he just ain't moving the needle like that.
33:53
SPEAKER_00: What what if what if Steph Curry went to the Pistons?
34:00
SPEAKER_02: That'd probably be a big deal.
34:02
SPEAKER_02: Yeah, they need a shooter.
34:03
SPEAKER_02: I mean it would be a big deal.
34:05
SPEAKER_00: They need a shooter, they need some offense, and they need a veteran.
34:07
SPEAKER_00: What if Curry just showed up at the Pistons?
34:11
SPEAKER_00: That would be as big or a bigger story than LeBron.
34:14
SPEAKER_00: Maybe not as big.
34:15
SPEAKER_00: It would be in the same stratosphere as LeBron going to the Sixers.
34:20
unknown: Yeah.
34:20
SPEAKER_02: Uh bottom line for me, player salaries being out there is just part of the game.
34:25
SPEAKER_02: And you get paid to deal with the BS or having to deal with the BS.
34:30
SPEAKER_00: Yeah.
34:32
SPEAKER_00: Bottom line for me is player salaries are just as important to sports as player abilities are these days.
34:39
SPEAKER_00: And uh, like most other industries and most jobs, salaries and what people make are generally often, not in all cases, they're still pretty uh hidden in a lot of corporate America, but for many public figures, they're they're very well known.
34:54
SPEAKER_02: Uh, our favorite time of the day or show is we get to talk about Ohio State where we went to college and became boys.
35:02
SPEAKER_02: First, though, we want to always remind you to subscribe, rate, review.
35:06
SPEAKER_02: Look at us.
35:07
SPEAKER_02: We can use all the help we can get.
35:09
SPEAKER_02: Um this week, we talked about it a little bit last week.
35:13
SPEAKER_02: Patches.
35:14
SPEAKER_02: The Buckeyes had a patch,$17 million a year.
35:19
SPEAKER_00: Notre Dame adds in the it's in the upper right of their jersey, right?
35:23
SPEAKER_02: Yeah, yeah.
35:25
SPEAKER_02: Notre Dame adds a patch from SoFi$18 to$20 million a year.
35:31
SPEAKER_00: Buckeyes from Chase for what$17 million?
35:33
SPEAKER_02: Yeah.
35:34
SPEAKER_02: And uh the Big 12 added a patch to all its uniforms, men's and women's, and field logos for about$20 million a year for the entire league, which is about$1.6 per team.
35:48
SPEAKER_02: Uh we knew last week it was coming.
35:50
SPEAKER_02: And again, this is just a tip of the iceberg.
35:52
SPEAKER_02: In the next year, there'll be 30 teams with patches.
35:57
SPEAKER_02: Oh, so everybody's got to find a revenue stream for others in IL money.
36:01
SPEAKER_00: Right, right.
36:01
SPEAKER_00: And also you you'll see schools like um, the fact that schools like Notre Dame and Ohio State did it will now give particularly since yeah, exactly.
36:11
SPEAKER_00: We'll give other schools in the Big Ten permission to do it.
36:14
SPEAKER_00: And you know, Ohio State's rival, I think they definitely will have to get a patch because they have a lot of money that they're gonna owe their athletic director, and they're gonna need to figure out how to pay that.
36:25
SPEAKER_02: You know, um, I've heard, and you you hear this all the time when something like this happens.
36:31
SPEAKER_02: I've heard a couple of sports traditionalists, oh, it's terrible, they're putting patches on the uniforms.
36:36
SPEAKER_02: And I'm just like, dude, just shut up.
36:38
SPEAKER_02: I mean, it's it's nobody cares.
36:41
SPEAKER_02: Yeah, you know, no, you know, when they first started playing on our physical turf, nobody wants to play on that crap.
36:47
SPEAKER_02: We should all be on.
36:49
SPEAKER_02: I mean, change, nobody ever wants change.
36:52
SPEAKER_02: Change is always hard, but change is always necessary.
36:56
SPEAKER_02: It's that's what life is.
36:58
SPEAKER_02: It's everything's an evolution.
37:00
SPEAKER_00: That's right.
37:00
SPEAKER_00: There's gonna be it's just the latest.
37:02
SPEAKER_00: Yeah, there's gonna be hand-wringing and pearl clutching and all of this, but you and I have both been around sports long enough to know, and college sports long enough to know, even when we were at Ohio State.
37:13
SPEAKER_00: There's the money's exchanging hands in some way, you know.
37:17
SPEAKER_00: At least at least we know how it's exchanging hands here.
37:21
SPEAKER_02: Yeah, so I don't I don't have any problem with it.
37:23
SPEAKER_00: Uh do you like Chase as a sponsor for Ohio State?
37:26
SPEAKER_02: Yeah, chase us uh while we go win these conference championships.
37:30
SPEAKER_02: There you go.
37:31
SPEAKER_02: So it works in a lot of different ways.
37:34
SPEAKER_02: So yeah, no problem with it.
37:35
SPEAKER_00: Now, did you think about the fact that SoFi and Chase are financial services companies that are buying these patches?
37:43
SPEAKER_00: You know, that it's this they're they're not not the same, but they're very similar in in terms of, you know, they're both in the financial services industry.
37:50
SPEAKER_02: Well, let me tell you what I hope it means.
37:52
SPEAKER_02: Real this is serious.
37:53
SPEAKER_02: What I hope it means is they will be providing some financial literacy as part of this program with all the players in all the sports because they're getting money that many of them have never seen, their families haven't seen.
38:09
SPEAKER_02: Of course, there's always some families that are doing well economically to get scholarships, but there's a whole lot who don't.
38:15
SPEAKER_02: And the number, and even then, you know, just trying to control a kid who's coming to a bunch of money, even as parents.
38:26
SPEAKER_02: Well, it's my money.
38:27
SPEAKER_02: You can't tell me what to do with my money.
38:29
SPEAKER_02: Okay, well, why don't you listen to this person from Chase give you the same advice that I've been giving you?
38:34
SPEAKER_00: I think that is a great idea.
38:37
SPEAKER_00: And if Chase isn't doing that, they should.
38:39
SPEAKER_00: And if Chase isn't doing that, we're gonna send them a clip of this.
38:45
SPEAKER_02: I mean, it should you can't, I mean, you can, but you shouldn't give people all this money, which can be you can really make enough in college right now if you're a certain kind of player to set your family and yourself up.
38:59
SPEAKER_02: Without a question, they're in there for life.
39:01
SPEAKER_00: Without question.
39:02
SPEAKER_00: So SoFi, SoFi is though, that kind of company.
39:06
SPEAKER_00: They are looking, they are looking to reach a younger demographic.
39:11
SPEAKER_00: They already have, they already have some sports stars uh pitching their product, and they are pitching finance, they're pitching sort of financial independence or a modern way to do a modern way to handle your money.
39:24
SPEAKER_00: So SoFi is kind of in that vein right now, but I think it's a great idea.
39:27
SPEAKER_00: I think both of them should be doing it.
39:29
SPEAKER_00: I was looking at it purely from why is a financial services company advertising in college sports.
39:35
SPEAKER_00: It's because it's a heavily male demographic.
39:40
SPEAKER_00: Yeah.
39:41
SPEAKER_00: And it is uh uh it's it's it's a younger demographic to a large extent, and they're harder to reach, and one of the best ways to reach them is in sports.
39:49
SPEAKER_02: Yeah, and you're also looking, look at all, I mean, if you're if you're Chase Bake, even just on Ohio State's campus and they're there people in Ohio, how many people, how many young people are you gonna reach watching the game who don't have banking bank accounts because they're you know their parents give them money or they've got an account, but it's not really theirs.
40:09
SPEAKER_02: When they get a job after they graduate, if they don't have a bank that they're loyal to, oh I don't know, I guess I'll go to Chase.
40:16
SPEAKER_02: Right, right.
40:16
SPEAKER_02: You know, so it it makes sense from that perspective.
40:19
SPEAKER_02: Um, but financial literacy is important.
40:22
SPEAKER_02: Um I taught my son how to fill out back when people did checks and stuff, you know, back when he was like 12 years old because he had a little savings account.
40:32
SPEAKER_02: And he, if he needed some money out of it, hey man, you gotta go in there and you gotta fill out the slip, the withdrawal slip and sign and all that stuff.
40:39
SPEAKER_02: And then uh, you know, we get to college the first couple of years, he's like, Dad, the number of people who don't know how to do it.
40:45
SPEAKER_00: It's amazing.
40:46
SPEAKER_00: It's amazing, isn't it?
40:47
SPEAKER_02: Yeah, basic things, whether it's fill out your drink thing or do your laundry, or he goes, It's amazing.
40:53
SPEAKER_02: I go, nah, bro, that's that's that's the normal.
40:56
SPEAKER_02: Yeah, it is because mom and dad did it all for them and forgot to teach them.
40:59
SPEAKER_00: Yeah, it's it's normal.
41:00
SPEAKER_00: It's amazing.
41:01
SPEAKER_00: What I used to do with my kids when they were really little, because I have this is the kind of person who I am, and I've tortured my kids through most of their lives, is we would be driving in a car and they'd be sitting, and my wife would be in the front, I'd be driving, and my kids would be in the back seat, and we'd talk about okay, is this an appreciating asset or a depreciating asset?
41:23
SPEAKER_00: So Karina, who's like eight years old, is a car an appreciating or a depreciating asset?
41:28
SPEAKER_00: Depreciating, yay, Karina, that's right.
41:30
SPEAKER_00: And I'd I'd say, you know, so is uh is a house an appreciating or depreciating asset?
41:35
SPEAKER_00: Well, it depends.
41:36
SPEAKER_00: Yes, that's right.
41:37
SPEAKER_00: Exactly.
41:38
SPEAKER_00: Yeah.
41:39
SPEAKER_02: So those are great conversations to have, man, because if you just look at the NIL money, or let's not even go there.
41:47
SPEAKER_02: There's something on Twitter, TikTok, some social media where it talks about they go and interview players about how they spent their first million.
41:55
SPEAKER_02: And dude, I would say 90% of them, that first million is all depreciating assets.
42:01
SPEAKER_02: It's jewelry, it's cars, it's clothes, it's there's nothing they can take from that tangible.
42:10
SPEAKER_02: Only thing they can take is uh they bought a house, but they probably put the house in their parents' name, and so it's not even their house.
42:18
SPEAKER_00: Yeah, it's it's but I think it's a great, I think it's a great point.
42:21
SPEAKER_00: But I I I'll be it'll be fascinating, not fascinating, it'll be interesting to see as the jersey patches become more common, what types of advertisers are gonna be on these patches.
42:32
SPEAKER_00: But these are these are pretty blue chip advertisers to start, which makes sense for programs like Notre Dame and Ohio.
42:37
SPEAKER_02: Because they're they're they they're you're not getting out my jersey unless you drop a lot of money.
42:41
SPEAKER_02: Like I'm sure uh next in line is Michigan, next in line is University of Texas.
42:46
SPEAKER_00: Well, you sent me you sent me a spoof account uh on the Wool Marines, yeah.
42:52
SPEAKER_00: About saying saying that Palantir is gonna be the jersey patch for for Michigan, which is which is pretty funny because if if you know what Palantir's business is, they're essentially one of their businesses is a technology to track other people and to spy on other people.
43:08
SPEAKER_00: So to spy on people and learn, yeah.
43:11
SPEAKER_00: So it sort of sort of made sense.
43:13
SPEAKER_00: But you you you just won't engage in that at all.
43:15
SPEAKER_00: I know that that sort of stuff.
43:16
SPEAKER_00: I know.
43:17
SPEAKER_00: But uh but it's pretty that was pretty funny anyway.
43:20
SPEAKER_02: Um dude, anything that takes you out of mission is good with me.
43:23
SPEAKER_02: Um bottom line for me, jersey patches are here to stay, and I'm not even gonna be shocked if they add another one.
43:30
SPEAKER_00: Uh bottom line for me, gotta it uh college football is a business, college football is expensive, these big programs need revenue.
43:38
SPEAKER_00: Jersey patches are a great way to generate some of that revenue.
43:42
SPEAKER_00: I have no issue with it whatsoever.
43:43
SPEAKER_00: And like you, Mr.
43:44
SPEAKER_00: Taylor, change is good.
43:47
SPEAKER_02: There you have it.
43:48
SPEAKER_02: Hey, he's Jeremy Pink.
43:49
SPEAKER_02: I'm Jean-Jacques Taylor.
43:51
SPEAKER_02: We appreciate you hanging out with us for yet another episode of the bottom line on sports, and we'll highlight you guys next week.
43:58
SPEAKER_00: We'll talk next week.
43:59
SPEAKER_00: You can email us bottom line on sports at gmail.com.