Latest / Earn Your Leisure / EYL #230 NFL Contracts, The Business of Football, Lamar Jackson, & The Scouting Combine with DeMaurice Smith

Transcript

EYL #230 NFL Contracts, The Business of Football, Lamar Jackson, & The Scouting Combine with DeMaurice Smith · Earn Your Leisure

• 0:00
  Speaker 1: Money.
• 0:01
  Speaker 2: It comes with a lot of questions. How do I save?
• 0:04
  Speaker 2: Where should I invest? Can I build wealth to pass on?
• 0:08
  Speaker 2: It's hard to know where to get answers. That's why
• 0:11
  Speaker 2: the people at Fidelity do what they do to make
• 0:14
  Speaker 2: it easier for you to get information to make better
• 0:16
  Speaker 2: money decisions. It's what they've built their business on. They've
• 0:20
  Speaker 2: got articles and videos, tips and apps, and insights and
• 0:24
  Speaker 2: perspectives that make planning, saving, and investing a little less stressful.
• 0:30
  Speaker 2: And when you want to talk it through, there's a
• 0:32
  Speaker 2: real person on the other end with real answers. Helping
• 0:36
  Speaker 2: people is what they do, and they can help you too.
• 0:39
  Speaker 2: Help you buy a home, save for your kids education,
• 0:43
  Speaker 2: start a business, support your community, and feel more confident
• 0:47
  Speaker 2: about the future. Want to learn more, visit Fidelity online
• 0:52
  Speaker 2: at Fidelity dot com, slash Black Wealth Earners.
• 0:57
  Speaker 1: Listen up.
• 0:58
  Speaker 2: If your business earns millions or tens of millions of revenue,
• 1:02
  Speaker 2: stop what you're doing right now and take a listen
• 1:05
  Speaker 2: because net Suite by Oracle, which helps companies manage key
• 1:09
  Speaker 2: business processes, just rolled out one of the best offers
• 1:13
  Speaker 2: we've ever seen. Net Suite gives you the visibility and
• 1:17
  Speaker 2: control you need to make better decisions faster, and for
• 1:21
  Speaker 2: the first time in net Suite's twenty two years as
• 1:24
  Speaker 2: a number one cloud financial system, you can defer payments
• 1:27
  Speaker 2: of a full net Suite implementation for six months. That's
• 1:32
  Speaker 2: no payments and no interest for six months, and you
• 1:35
  Speaker 2: can take advantage of this special financing offer today. Next
• 1:39
  Speaker 2: Suite is number one because they give your business everything
• 1:42
  Speaker 2: you need in real time, all in one place to
• 1:45
  Speaker 2: reduce manual processes, boost efficiency, build forecasts, and increase productivity
• 1:50
  Speaker 2: across every department. I mean, one of the best attributes
• 1:54
  Speaker 2: you can have in business is high efficiency rates. Having
• 1:57
  Speaker 2: things organized in one place makes business and decision making easier.
• 2:02
  Speaker 2: And Next Week is making an unprecedented offer that is
• 2:06
  Speaker 2: making that possible. Thirty three thousand companies have already upgraded
• 2:10
  Speaker 2: to next Week, gaining visibility and control over their financials, inventory, hr,
• 2:15
  Speaker 2: e commerce and more. If you've been sizing Next Suite
• 2:18
  Speaker 2: up to make the switch, then you know this deal
• 2:20
  Speaker 2: is unprecedented, no interest, no payments. Take advantage of this
• 2:24
  Speaker 2: special financing offer at NetSuite dot com slash e y
• 2:28
  Speaker 2: l Next Week dot com slash e y l to
• 2:31
  Speaker 2: get visibility and control you need to weather any storm.
• 2:34
  Speaker 2: Next week dot com slash e y L. Don't wait,
• 2:37
  Speaker 2: don't hesitate, hit over there now all.
• 2:39
  Speaker 3: Right, gus special edition of E y L broadcasted at
• 2:43
  Speaker 3: the NFLPA House.
• 2:44
  Speaker 1: Yes, suit in the house.
• 2:45
  Speaker 3: Thank you guys for the hospitality. So we have what
• 2:49
  Speaker 3: has been called the most important person in sports by
• 2:52
  Speaker 3: some people.
• 2:53
  Speaker 1: He'll be here in a few minutes.
• 2:56
  Speaker 4: He'll be joining us coffee.
• 3:00
  Speaker 1: Don't know who that is, but they got coffee and
• 3:03
  Speaker 1: when they get here, he'll be joining us short list.
• 3:06
  Speaker 3: So so D Smith, the executive Director of the NFLPA,
• 3:13
  Speaker 3: first and foremost, thank you for joining us.
• 3:15
  Speaker 1: Appreciate it, oh man, thank you for thank you for
• 3:17
  Speaker 1: having me. I mean, this is a crazy week getting
• 3:19
  Speaker 1: down with you guys talking, having a good rap, having
• 3:22
  Speaker 1: a good conversation. Just thanks for having me. It's it's
• 3:25
  Speaker 1: a lot easier than a negotiation session with I mean, to.
• 3:28
  Speaker 4: Take your time out during the biggest speak of the
• 3:30
  Speaker 4: NFL season is very important.
• 3:31
  Speaker 1: So we are gracious to have you. So thank you.
• 3:34
  Speaker 5: Yeah.
• 3:34
  Speaker 3: So this is right up all Ali. You know, we're
• 3:35
  Speaker 3: a business platform. So a lot of people watch Super Bowl.
• 3:39
  Speaker 3: They're fans of teams, but they don't really know the
• 3:42
  Speaker 3: inner workings of how the business actually gets handled. And
• 3:45
  Speaker 3: they might have heard of the NFL p but I
• 3:47
  Speaker 3: feel a lot of people don't even know what the
• 3:48
  Speaker 3: NFL p A is. So can you just give an
• 3:51
  Speaker 3: overview of what exactly the nfl PA is.
• 3:54
  Speaker 1: Yeah, I mean, look, the nfl PA is the is
• 3:57
  Speaker 1: a labor union for the active NFL players. So you know,
• 4:01
  Speaker 1: if you want to think about it, that Roger Goodell
• 4:03
  Speaker 1: represents the owners. I represent the good guess, and our
• 4:08
  Speaker 1: job is to negotiate. You know, we negotiate something called
• 4:11
  Speaker 1: a collective bargaining agreement and that is, as I explain
• 4:15
  Speaker 1: to our guys, it's the small B small B not
• 4:18
  Speaker 1: capital B, small B bible that governs the relationship between
• 4:23
  Speaker 1: the owners and the players. So everything with respect to
• 4:26
  Speaker 1: how much we get paid, the work we have to do,
• 4:29
  Speaker 1: working conditions that we have to do it in, and
• 4:31
  Speaker 1: the benefits the compensation package for the players. The NFLPA
• 4:36
  Speaker 1: negotiates that for every active NFL player.
• 4:40
  Speaker 4: So in terms of NFLPA, let's see what we can
• 4:42
  Speaker 4: break this down. There's over two thousand players, correct, you
• 4:44
  Speaker 4: represent them? Yep, There's thirty two owners and Roger Goodell
• 4:49
  Speaker 4: represents them.
• 4:50
  Speaker 1: Hired and paid for by them.
• 4:55
  Speaker 4: So in terms of collective bargaining, because some people who
• 5:00
  Speaker 4: might not understand what that is, can you talk about that,
• 5:02
  Speaker 4: because I know that has to.
• 5:03
  Speaker 1: Happen every maybe five to say ten years. Yeah, yeah,
• 5:07
  Speaker 1: And look, I mean I make a lot of fun
• 5:09
  Speaker 1: with Roger because well it's funny, but I go out
• 5:12
  Speaker 1: of the way to do that because every now and
• 5:14
  Speaker 1: then people think that the commissioner is somehow this guy
• 5:18
  Speaker 1: who represents both the players and the owners, and that
• 5:22
  Speaker 1: he's neutral and he's not biased. No, I mean, he's
• 5:26
  Speaker 1: only hired to represent the interest of the owners. So
• 5:30
  Speaker 1: in that paradigm, that means you have to have somebody
• 5:33
  Speaker 1: on the other side that purely represents the interests of
• 5:36
  Speaker 1: the players. And so what the union does is, look,
• 5:39
  Speaker 1: I don't want to scare any fans out there. We're
• 5:41
  Speaker 1: not even here to protect the game. I'm not here
• 5:45
  Speaker 1: to facilitate the game. I dig the game, but I'm
• 5:48
  Speaker 1: here to represent the interests of the players. So when
• 5:51
  Speaker 1: we sit down and we form a collective bargaining agreement,
• 5:54
  Speaker 1: that's not there to protect the game as much as
• 5:57
  Speaker 1: it is to be the con tractual relationship between the
• 6:03
  Speaker 1: management and the players. And if we can get the
• 6:07
  Speaker 1: collective bargaining agreement right, then the game proceeds. But not backwards, right,
• 6:13
  Speaker 1: because a lot of people, you know, we talked about
• 6:16
  Speaker 1: the combine earlier, and you know, believe me, my inbox
• 6:18
  Speaker 1: is full of people like what am I gonna do
• 6:20
  Speaker 1: without the combine? But first of all, read a book.
• 6:24
  Speaker 1: But the way we look at it is if if
• 6:27
  Speaker 1: the game is inconsistent with the best interests of the players,
• 6:32
  Speaker 1: then there shouldn't be a game, and we make the
• 6:35
  Speaker 1: game subject to the interest the best interests of the players.
• 6:40
  Speaker 1: And that's the only way it has to work, right,
• 6:41
  Speaker 1: because if we get that backwards, then you're perpetuating the
• 6:45
  Speaker 1: game at the expense of the player and for the
• 6:48
  Speaker 1: things that you know, I know we're going to talk
• 6:50
  Speaker 1: about today. I don't believe that any man or woman
• 6:54
  Speaker 1: should ever come at the expense of anything.
• 6:59
  Speaker 4: You said something, and while you just said speaking, you
• 7:01
  Speaker 4: said you dig the game. And then you said you
• 7:04
  Speaker 4: maybe you're not a football guy. You're you started at
• 7:07
  Speaker 4: as a United States attorney in the District of Columbia.
• 7:11
  Speaker 4: So how did that transition go from that. Now, the
• 7:15
  Speaker 4: you know, most important man sports as something. First of all,
• 7:18
  Speaker 4: we just need to drop that. I'll tell you one people,
• 7:22
  Speaker 4: nobody believes out of my house. So nobody was out of.
• 7:25
  Speaker 1: The most important anything in my house.
• 7:28
  Speaker 4: You know.
• 7:28
  Speaker 1: I got a call and I was on the transition
• 7:31
  Speaker 1: team for the Department of Justice in two thousand and
• 7:35
  Speaker 1: eight after a center Obama then became President Obama elect
• 7:42
  Speaker 1: h So I was working on the transition team for
• 7:44
  Speaker 1: the Department of Justice. Headed back to the US Attorney's
• 7:48
  Speaker 1: office and a search firm called and they said, hey,
• 7:51
  Speaker 1: we put together a list of three hundred people for
• 7:55
  Speaker 1: the NFL player's job, and you're one of the you know,
• 7:58
  Speaker 1: ten twenty people who have nothing to do with sports.
• 8:00
  Speaker 1: And I was like, is that a compliment? And they
• 8:04
  Speaker 1: said that, you know, the executive Committee was interested in
• 8:07
  Speaker 1: a wide range of candidates. And I said, well, look,
• 8:10
  Speaker 1: you know, I'm not a labor lawyer. I'm not an
• 8:12
  Speaker 1: anti trust lawyer. I mean, my practice at the time
• 8:15
  Speaker 1: was representing really large corporations who were in really big fights.
• 8:19
  Speaker 1: So you know, corporations like Halliburton, products, liability companies, pharmaceutical companies.
• 8:26
  Speaker 1: That was my job, just to represent their interest when
• 8:30
  Speaker 1: they found themselves in harms way. And you know the
• 8:33
  Speaker 1: only thing that really got me interested in it was
• 8:36
  Speaker 1: a room of the guys saying, the executive committee knows
• 8:38
  Speaker 1: that they are in for a big fight in twenty eleven.
• 8:42
  Speaker 1: The league wants them to give back twenty percent of
• 8:44
  Speaker 1: their salary, They want the players to give up their pensions,
• 8:48
  Speaker 1: and they want the players to play eighteen games for free.
• 8:52
  Speaker 1: And I thought, well, I mean that sounds fantastic. So
• 8:56
  Speaker 1: other than those that still sounds great. I can gess
• 9:01
  Speaker 1: what do we say? So you know, I loved the
• 9:04
  Speaker 1: fight part of it and made a decision that I
• 9:07
  Speaker 1: would go in this direction rather than going back to government.
• 9:11
  Speaker 1: And it's been fourteen beautiful, stress free years. I mean
• 9:16
  Speaker 1: I had a full head of hair when I started
• 9:18
  Speaker 1: this gig. It was six to two, a few unanimous selections. Yeah, yeah,
• 9:24
  Speaker 1: something about right. It's worked out. Like I say, I
• 9:27
  Speaker 1: try to keep pepto bismol in business. They're crushing it.
• 9:31
  Speaker 5: Sesshing it with me.
• 9:32
  Speaker 3: So you talked about twenty eleven. You talked about that
• 9:35
  Speaker 3: and there was a strike that took place.
• 9:37
  Speaker 1: Walkout, lockout, Yeah, big difference. So you know, think about it.
• 9:41
  Speaker 1: So a strike is when workers decide that they are
• 9:46
  Speaker 1: not going to go to work and they're going to
• 9:48
  Speaker 1: deprive management of their labor and their talents until management
• 9:53
  Speaker 1: gives them what they want. Strikeout is almost the same thing,
• 9:57
  Speaker 1: but that's management saying no, no, no, no, no no,
• 9:59
  Speaker 1: you can't come to work. So the difference is when
• 10:03
  Speaker 1: they locked us out, they not only kicked all of
• 10:06
  Speaker 1: the players out of work most people don't know, but
• 10:09
  Speaker 1: they cut off all of the players' health insurance. So,
• 10:12
  Speaker 1: I mean, we had twelve to fifteen women who were
• 10:14
  Speaker 1: to due to give birth during the lockout, and they
• 10:18
  Speaker 1: woke up one morning in the league cut off their
• 10:20
  Speaker 1: health insurance. And the reason the league does the lockout is,
• 10:26
  Speaker 1: I mean, I tend to be a little blunt, so
• 10:29
  Speaker 1: if you don't mind a lot of resigned to step
• 10:32
  Speaker 1: on your neck until you say stop. So the league
• 10:38
  Speaker 1: cut off their salaries, cut off the healthcare, and it
• 10:41
  Speaker 1: was just really simple. You're gonna give up that pension,
• 10:44
  Speaker 1: and you're gonna give up that twenty percent, and you're
• 10:47
  Speaker 1: gonna give up, you know, the right to play eating
• 10:50
  Speaker 1: games for compensation because we're gonna try to choke you out.
• 10:55
  Speaker 1: And their philosophy is simple, the players financially can't go
• 11:00
  Speaker 1: long without getting paid and getting you know, healthcare, and
• 11:03
  Speaker 1: the players are going to give up. And so my
• 11:06
  Speaker 1: job is to figure out how to how to fight that.
• 11:08
  Speaker 1: And that's when we really started, at least for me,
• 11:12
  Speaker 1: started this idea that if you can financially take care
• 11:17
  Speaker 1: of your house, if you can build your house and
• 11:21
  Speaker 1: keep your house and maintain your house, you can dictate
• 11:25
  Speaker 1: your own destiny. And so, you know, we did a
• 11:27
  Speaker 1: lot of things. We sued, you know, we sued the
• 11:30
  Speaker 1: NFL because they had they had sort of jury rigged
• 11:33
  Speaker 1: the TV contracts to give them four billion dollars against us,
• 11:38
  Speaker 1: and we fought that in court. And we also got
• 11:40
  Speaker 1: a secret insurance policy that would have paid our guys
• 11:44
  Speaker 1: around eight hundred and fifty million dollars if we would
• 11:46
  Speaker 1: have gone the whole season. And so, you know, what
• 11:49
  Speaker 1: did that insurance policy do? And restored our house. And
• 11:53
  Speaker 1: then once we got there, it was like, okay, let's
• 11:55
  Speaker 1: now negotiate a fair collective party agreement. But that's the
• 11:59
  Speaker 1: you know, that was that was a landscape in twenty eleven,
• 12:02
  Speaker 1: and I mean it was tough, but man, we had
• 12:07
  Speaker 1: great leaders and great leadership got us through.
• 12:10
  Speaker 3: Well, how do you feel, because it's like billionaires are
• 12:13
  Speaker 3: always going to have more leverage than millionaires, right So,
• 12:16
  Speaker 3: like you said, it's like the longer you drag somebody
• 12:19
  Speaker 3: out in the water, eventually you're gonna drown.
• 12:20
  Speaker 1: Yep.
• 12:21
  Speaker 3: So, and we've heard stories about NFL players during that
• 12:24
  Speaker 3: time that had to take high entrance loans because they
• 12:28
  Speaker 3: will living paycheck to paycheck awful. So how do you
• 12:31
  Speaker 3: negotiate with somebody that has tremendously more leverage than you have?
• 12:36
  Speaker 1: Just gotta do what you do. You try to level
• 12:41
  Speaker 1: the playing field the best way you can. Right So,
• 12:44
  Speaker 1: without being you know, too crazy and too dorky, but
• 12:47
  Speaker 1: that's who I am. I'm a lawyer. I just apologize.
• 12:49
  Speaker 1: But you know, two thousand and eight was right after
• 12:52
  Speaker 1: two thousand and nine to twenty eleven was right after
• 12:55
  Speaker 1: the two thousand and eight financial collapse. A lot of
• 12:58
  Speaker 1: the owners had debts nervous on stadiums that had been
• 13:02
  Speaker 1: built over the last five ten years. And I mean,
• 13:05
  Speaker 1: if you analyze the market, you realize that they've got
• 13:07
  Speaker 1: to make debt payments on that debt. How were they
• 13:10
  Speaker 1: going to do that if football was shut down, Well,
• 13:12
  Speaker 1: they did it by making the TV networks pay them
• 13:16
  Speaker 1: four billion dollars even if the games weren't played. Legal
• 13:20
  Speaker 1: strategy is we're beneficiaries of those contracts. So we argue
• 13:24
  Speaker 1: to a judge that if the league did that, that
• 13:27
  Speaker 1: means that the league was using the TV contracts against us,
• 13:31
  Speaker 1: and the judge agreed, so that took their four billion dollars.
• 13:35
  Speaker 1: Put it over here. We decided that we were going
• 13:38
  Speaker 1: to do a secret insurance policy that gave our players
• 13:40
  Speaker 1: eight hundred and fifty million dollars. So that put money over.
• 13:42
  Speaker 5: What's the secret insurance policy? Can talk about that?
• 13:45
  Speaker 6: Yeah, So again, you know, I was a lawyer that
• 13:48
  Speaker 6: did a lot of lawsuits and a lot of litigation,
• 13:50
  Speaker 6: used to sue a lot of insurance companies back in
• 13:53
  Speaker 6: the day, which was a blast.
• 13:56
  Speaker 1: Took a blast. No one had ever, no one had
• 14:01
  Speaker 1: ever developed an insurance policy to protect players if management
• 14:06
  Speaker 1: locked you out. So we went into the market really
• 14:12
  Speaker 1: complicated and we placed an insurance probably see where an
• 14:15
  Speaker 1: insurance company said, if the owners keep you locked out
• 14:18
  Speaker 1: for the entire year, we will pay the NFL players
• 14:22
  Speaker 1: eight hundred and fifty million dollars. Now, that sounds like
• 14:24
  Speaker 1: a lot of money, but our probably our player cost
• 14:28
  Speaker 1: at the time was somewhere around three and a half
• 14:30
  Speaker 1: to four billion dollars. So eight hundred and fifty million
• 14:33
  Speaker 1: dollars is not going to replace right, the four billion dollars.
• 14:36
  Speaker 1: That's not the idea. The idea is the owners probably
• 14:39
  Speaker 1: thought that the players could only go three weeks, four weeks,
• 14:44
  Speaker 1: five weeks without a pitcheck. The insurance company meant the
• 14:48
  Speaker 1: insurance company policy meant that we could go sixteen weeks.
• 14:53
  Speaker 1: So while they were probably telling their their banks that
• 14:58
  Speaker 1: we will have your money on our debt service in
• 15:00
  Speaker 1: five weeks and we'll have the money to pay off
• 15:02
  Speaker 1: our debts in six weeks, once we told them that
• 15:05
  Speaker 1: the players could go a full year. Now what happens.
• 15:09
  Speaker 1: Now the banks are saying, wait a minute, we're not
• 15:12
  Speaker 1: gonna get our money. It's five weeks. Well, where does
• 15:15
  Speaker 1: that move? The incentive now puts a lot of incentive
• 15:18
  Speaker 1: on the owners to get a fair deal done. So
• 15:21
  Speaker 1: you know, it's it's always going to be a metric
• 15:23
  Speaker 1: where management has more money and management can outlast you.
• 15:30
  Speaker 1: But what we've seen in the country lately and primarily
• 15:33
  Speaker 1: it's been through labor unions that are primarily women. What
• 15:38
  Speaker 1: have you seen in the last three years nurses going
• 15:41
  Speaker 1: on straight right and just saying we're going to shut
• 15:44
  Speaker 1: down all the hospitals. You see teachers going on straight
• 15:49
  Speaker 1: And what I try to tell our guys is, man,
• 15:51
  Speaker 1: think about it. I mean, our minimum salary right now
• 15:55
  Speaker 1: is eight hundred thousand dollars give or take. Think about
• 16:01
  Speaker 1: the teachers and the nurses, and you know, I'm going
• 16:06
  Speaker 1: to go to a labor rally tomorrow for Starbucks workers.
• 16:10
  Speaker 1: Most people aren't making eight hundred thousand dollars. They're living
• 16:13
  Speaker 1: paycheck to paycheck. So when they decide to go on strike,
• 16:16
  Speaker 1: they are literally risking everything. And one of the messages
• 16:22
  Speaker 1: I think for every labor leader, including myself, is when
• 16:25
  Speaker 1: I took to our guys, the fact that our starting
• 16:28
  Speaker 1: salaries are so large should mean that you should live
• 16:33
  Speaker 1: within your means right and if you live within your means,
• 16:38
  Speaker 1: you should be able to go on strike because you
• 16:41
  Speaker 1: shouldn't be in a world where you're living paycheck to paycheck.
• 16:45
  Speaker 1: And by the way, if we went on strike for
• 16:47
  Speaker 1: a year, we'd own the NFL own it. But every
• 16:54
  Speaker 1: player has to make that decision. Okay, I get it,
• 16:56
  Speaker 1: D But you're telling me that I'm only going to
• 16:58
  Speaker 1: play an average of three and a hal half years,
• 17:01
  Speaker 1: and you're asking me to give one third of my
• 17:04
  Speaker 1: earning capacity for a CBA or a collective Bartney agreement
• 17:08
  Speaker 1: that's likely going to benefit people after me, after me,
• 17:13
  Speaker 1: and and and I'm not going to benefit from it,
• 17:15
  Speaker 1: and somebody else who's younger than me is going to
• 17:18
  Speaker 1: benefit it from it more than me. And I simply
• 17:21
  Speaker 1: turn to them and say.
• 17:22
  Speaker 5: Yeah, you're right, you're absolutely right.
• 17:27
  Speaker 1: So these guys are smarter than I thought.
• 17:34
  Speaker 4: So what happens in a situation like that when there's
• 17:36
  Speaker 4: a decision that has to be made. For a hypothetical example,
• 17:39
  Speaker 4: NFL wants to go to seventeen games, yep, usually it's
• 17:42
  Speaker 4: a sixteen game season. The owners obviously want to do
• 17:44
  Speaker 4: it because it makes sense to more games, they make
• 17:46
  Speaker 4: more money, people in stance concessions all that. Players have
• 17:49
  Speaker 4: to look at it from a health standpoint, like, you know,
• 17:50
  Speaker 4: we're risking our bodies for another week right now, and
• 17:53
  Speaker 4: a financial stamp and a financial stamp right right, So
• 17:56
  Speaker 4: now does that go to the teams and is it
• 17:59
  Speaker 4: like that a fifty percent vote or is there like,
• 18:02
  Speaker 4: how does that work?
• 18:02
  Speaker 1: Well, this time it went to all of player, all
• 18:05
  Speaker 1: of player membership. Okay, so you know back in twenty
• 18:09
  Speaker 1: eleven again, you know, I hate to be a dorky lawyer,
• 18:12
  Speaker 1: but you know, up to you guys are a little young,
• 18:15
  Speaker 1: you remember, but there was actually a time when there
• 18:18
  Speaker 1: were twelve games in the NFL.
• 18:20
  Speaker 5: Twelve.
• 18:21
  Speaker 1: I I don't yeah, I don't think I've ever been
• 18:23
  Speaker 1: a part of it. I'll tell you right now. You
• 18:25
  Speaker 1: weren't what seventies just pumped the brakes, right, I mean, like,
• 18:33
  Speaker 1: why do you go right for the seventies Like, okay,
• 18:35
  Speaker 1: he wasn't there. Yes, I was there in the seventies. Yeah,
• 18:38
  Speaker 1: let's just let's just step on it a little bit.
• 18:40
  Speaker 7: Yeah.
• 18:40
  Speaker 1: So we went from twelve games to fourteen games, then
• 18:44
  Speaker 1: to sixteen games, and that was an art between the
• 18:48
  Speaker 1: I'm sorry late seventies all the way through the nineties.
• 18:52
  Speaker 1: The league had the unilateral right to go up to
• 18:55
  Speaker 1: twenty games. So think about it. Historically, we went from
• 18:59
  Speaker 1: two games to fourteen games, never changed the player's share
• 19:04
  Speaker 1: of revenue. We went from fourteen games to sixteen games,
• 19:07
  Speaker 1: more work, same share of revenue. Players never got paid
• 19:12
  Speaker 1: technically more when we increased those games. So when I
• 19:16
  Speaker 1: got here in twenty and nine and we were negotiating
• 19:20
  Speaker 1: the deal in twenty eleven, I mean, look, the first
• 19:21
  Speaker 1: thing that I'm looking at from an economic standpoint is
• 19:25
  Speaker 1: if I can increase your work and not increase your pay,
• 19:30
  Speaker 1: that's a problem. It's a big problem. So we changed
• 19:34
  Speaker 1: it in twenty eleven where the league could only increase
• 19:38
  Speaker 1: the games if the players agreed to it. So fast
• 19:42
  Speaker 1: forward to twenty eleven, twenty twenty, we're doing the deal.
• 19:46
  Speaker 1: The players negotiated a deal where every player making minimum
• 19:50
  Speaker 1: got a twenty percent raise. Former players pensions went up,
• 19:54
  Speaker 1: all the benefits went up, the package went up. We
• 19:57
  Speaker 1: gained a larger share of of our revenue, so put
• 20:02
  Speaker 1: it in perspectives. The league bought seventeenth game in twenty
• 20:10
  Speaker 1: twenty for approximately one point five to one point six
• 20:15
  Speaker 1: billion dollars that they had for free in twenty eleven.
• 20:22
  Speaker 2: This episode is brought to you by P and C Bank.
• 20:25
  Speaker 2: A lot of people think podcasts about work are boring,
• 20:28
  Speaker 2: and sure they definitely can be, but understanding a professionals
• 20:31
  Speaker 2: routine shows us how they achieve their success little by little,
• 20:35
  Speaker 2: day after day. It's like banking with P and C Bank.
• 20:39
  Speaker 2: It might seem boring to safe plan and make calculated
• 20:42
  Speaker 2: decisions with your bank, but keeping your money boring is
• 20:45
  Speaker 2: what helps you live a more happily fulfilled life. P
• 20:49
  Speaker 2: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
• 20:54
  Speaker 2: Boring since eighteen sixty five is a service mark of
• 20:56
  Speaker 2: the PNC Financial Service Group, Inc. P and C Bank
• 21:00
  Speaker 2: National Association Member fdic Erners What's up? You ever walk
• 21:06
  Speaker 2: into a small business and everything just works like The
• 21:10
  Speaker 2: checkout is fast, the receipts are digital, tipping is a breeze,
• 21:14
  Speaker 2: and you're out the door before the line even builds
• 21:17
  Speaker 2: odds are they're using Square. We love supporting businesses that
• 21:21
  Speaker 2: run on Square because it just feels seamless. Whether it's
• 21:24
  Speaker 2: a local coffee shop, a vendor at a pop up market,
• 21:27
  Speaker 2: or even one of our merch partners. Square makes it
• 21:30
  Speaker 2: easy for them to take payments, manage inventory, and run
• 21:33
  Speaker 2: their business with confidence, all from one simple system. If
• 21:37
  Speaker 2: you're a business owner or even just thinking about launching
• 21:40
  Speaker 2: something soon, Square is hands down one of the best
• 21:43
  Speaker 2: tools out there to help you start, run and grow.
• 21:47
  Speaker 2: It's not just about payments, it's about giving you time
• 21:50
  Speaker 2: back so you can focus on what matters most Ready.
• 21:53
  Speaker 2: To see how Square can transform your business, visit Square
• 21:56
  Speaker 2: dot com backslash, go backslash eyl to learn more that
• 22:01
  Speaker 2: Square dot com backslash, go backslash euy l. Don't wait,
• 22:05
  Speaker 2: don't hesitate. Let's Square handle the back end so you
• 22:08
  Speaker 2: can keep pushing your vision forward. Yo, if you thought
• 22:14
  Speaker 2: the mccrispy was busting all up, Bacon and Ranch have
• 22:19
  Speaker 2: entered the chat, say hello to the vacant ranch mccrispy.
• 22:23
  Speaker 2: By by by by five, I.
• 22:25
  Speaker 3: Participated in McDonald's look at the time only and how
• 22:29
  Speaker 3: does this voting process take place? Every single player votes
• 22:32
  Speaker 3: and then it's the majority wins. So they get ballots
• 22:35
  Speaker 3: and they have to.
• 22:36
  Speaker 1: Yeah, yeah, this this one. And look, I understand that
• 22:39
  Speaker 1: it was a difficult decision for the players, but you know,
• 22:42
  Speaker 1: my job is Andy. By the way, I don't get
• 22:43
  Speaker 1: a vote. You know, the players want to X, Y
• 22:47
  Speaker 1: and Z and including increases. The league conditioned all of
• 22:51
  Speaker 1: those increases on a game, on an extra game, and
• 22:55
  Speaker 1: then you know, for me, my job is to get
• 22:57
  Speaker 1: the best deal on the table. But I remind our players, look,
• 23:01
  Speaker 1: I don't play, so you vote, vote, and yeah, it
• 23:06
  Speaker 1: was split and most of the players were on one
• 23:08
  Speaker 1: side and it was closed. I think it was sixty
• 23:11
  Speaker 1: two votes out of nearly fifteen hundred votes cast. But
• 23:15
  Speaker 1: that's democracy. And so you know, look, I mean, are
• 23:19
  Speaker 1: we benefiting from it. Yes, we have the largest salary
• 23:23
  Speaker 1: cap jump in the history of the sport. We got
• 23:28
  Speaker 1: through COVID. We're going through a recession. We were on
• 23:32
  Speaker 1: the eve of the biggest game of the year, and
• 23:35
  Speaker 1: I mean think about it. I mean, every year we
• 23:37
  Speaker 1: are eighty five of the top one hundred shows on television.
• 23:42
  Speaker 1: And that's regardless of a recession. That's regardless of COVID.
• 23:46
  Speaker 1: I love the fact that, you know, the NFL players
• 23:48
  Speaker 1: are the highest paid players in the country by sport.
• 23:52
  Speaker 1: I love the fact that we've got a pension and
• 23:55
  Speaker 1: benefits you know package that is, you know, on top
• 23:58
  Speaker 1: of the caps some fifty sixty million dollars a year.
• 24:03
  Speaker 1: But that comes with a decision from leadership and my
• 24:06
  Speaker 1: job and I refuse to do anything that takes the
• 24:10
  Speaker 1: leadership weight off of our guys.
• 24:14
  Speaker 3: Make a decision when you say the highest paid by sport,
• 24:17
  Speaker 3: because from my I thought it was baseball number one,
• 24:19
  Speaker 3: basketball number two, and then football number three.
• 24:22
  Speaker 1: No it's not. I mean again, I mean I always
• 24:25
  Speaker 1: have this conversation with players in a locker room. It's like, well,
• 24:27
  Speaker 1: how come we don't get paid as much money as
• 24:30
  Speaker 1: basketball players. I'm like, well, hey, that's great. You know
• 24:32
  Speaker 1: how many basketball players are in the country, four hundred
• 24:35
  Speaker 1: and fifty five hundred. Let's split the math, easy, five hundred.
• 24:38
  Speaker 1: You want me to quadrupri or salary. We go from
• 24:42
  Speaker 1: eighteen hundred players to five hundred players if we did that,
• 24:47
  Speaker 1: So based on the amount of players, okay, right, So.
• 24:49
  Speaker 5: So based on the amount of players.
• 24:51
  Speaker 1: Yeah, So I look at it as how much money
• 24:54
  Speaker 1: is coming in versus how many players are playing. So
• 24:59
  Speaker 1: our annual revenue this year will probably exceed eighteen billion
• 25:05
  Speaker 1: dollars going to all of our players. Next up is
• 25:10
  Speaker 1: going to be you know, basketball, then baseball. Their average
• 25:15
  Speaker 1: revenue they're all revenue this year will probably be somewhere
• 25:20
  Speaker 1: around twelve billion dollars. But their twelve billion dollars is
• 25:24
  Speaker 1: split by four hundred and fifty players. Our eighteen billion
• 25:29
  Speaker 1: is split between eighteen hundred players, So you know, I
• 25:34
  Speaker 1: can only look at aggregate amounts of money coming in
• 25:38
  Speaker 1: if if NFL players want to increase salaries and they
• 25:41
  Speaker 1: want to do two days like, you know, two way
• 25:43
  Speaker 1: players like I did when I was in high school.
• 25:46
  Speaker 1: I was terrible, by the way, for the record, a terrible. Yeah,
• 25:50
  Speaker 1: you know, I could figure out the game and that's
• 25:52
  Speaker 1: whole getting hit things like but yeah, I mean, think
• 25:55
  Speaker 1: about it, if we if we dropped from two thousand
• 25:59
  Speaker 1: players to one thousand players, the average salary of the
• 26:04
  Speaker 1: players would So you know, I think every now and
• 26:08
  Speaker 1: then people see sort of the individual amount that a
• 26:13
  Speaker 1: person is playing. But you're looking at a sport where
• 26:16
  Speaker 1: you've got two thousand people, you know in one place,
• 26:20
  Speaker 1: four hundred and fifty people in another, and I think
• 26:22
  Speaker 1: roughly what five hundred maybe five hundred and fifty baseball
• 26:26
  Speaker 1: players on the other side, so a much smaller pool
• 26:29
  Speaker 1: of people.
• 26:30
  Speaker 4: I guess why it feels that way is that when
• 26:32
  Speaker 4: we look at sports contracts, and this is maybe something
• 26:35
  Speaker 4: I guess you can talk about in collective bargain, is
• 26:37
  Speaker 4: that those sports have guarantee.
• 26:38
  Speaker 1: You contracts and careful, well careful some of them. Careful, No, no,
• 26:44
  Speaker 1: you got to you right. And the reason why I
• 26:46
  Speaker 1: like to have this conversation which sport, which sports? CBA
• 26:52
  Speaker 1: guarantees contracts NBA.
• 26:56
  Speaker 5: I'm not show It sounds like a quick like.
• 27:01
  Speaker 1: He was like, let him go first, Yeah, yeah, yeah.
• 27:04
  Speaker 1: The answer is no. One nobody's collective bargaining agreement guarantees contracts.
• 27:10
  Speaker 1: And again, you know, I'm a I'm a little bit
• 27:12
  Speaker 1: of a history nerd. So you know, everybody believes that
• 27:16
  Speaker 1: basketball contracts, all of them are are are guaranteed by
• 27:20
  Speaker 1: their collective bargaining agreement, or Baseball's contracts are guaranteed by
• 27:25
  Speaker 1: collective bartiing agreement. The fact is none of them. So
• 27:28
  Speaker 1: about five years ago, I mean, it probably took me
• 27:30
  Speaker 1: a year to do the research I wanted to find out.
• 27:34
  Speaker 1: We'll wait a minute. If their cbas don't guarantee the contracts,
• 27:39
  Speaker 1: why are more NBA contracts guaranteed than NFL contracts. So
• 27:44
  Speaker 1: if you go back in history, you take a look,
• 27:46
  Speaker 1: there was a two two year story. Again, you're probably
• 27:50
  Speaker 1: too young to remember Moses Malone. You know, we know.
• 27:56
  Speaker 5: I was born when they never saw him play. Well,
• 27:57
  Speaker 5: I remember, I know, I know in.
• 27:59
  Speaker 7: All Star Game for sure, when he was eighty two
• 28:06
  Speaker 7: for the recording, won, right, he's gonna get a sixty one.
• 28:10
  Speaker 1: Yeah. I graduated from high school in the eighty won,
• 28:12
  Speaker 1: So yeah, man, it's hilarious. Anyway, I went back in
• 28:18
  Speaker 1: history to take a look at that. So Moses Malone
• 28:21
  Speaker 1: when he renegotiated his contract, he broke the back and
• 28:26
  Speaker 1: he had the largest contract in NBA history. The next year,
• 28:31
  Speaker 1: Larry Bird comes up to renegotiate to his contract. Larry
• 28:35
  Speaker 1: Bird says, I want more money than Moses Maloney. Celtics,
• 28:38
  Speaker 1: go no. Larry Bird says, okay, I looked at Moses
• 28:44
  Speaker 1: Malone's contract and I noticed that he had a base
• 28:46
  Speaker 1: salary of X. He got a bonus if he got wide,
• 28:49
  Speaker 1: if he became MVP, he got a bonus if they
• 28:52
  Speaker 1: won the World Championship. He got a bonus if he
• 28:55
  Speaker 1: sold a certain amount of apparel. Larry Bird's ate, Bob Wolf,
• 29:01
  Speaker 1: came back and said, we want the same money as
• 29:04
  Speaker 1: Moses Malone, but we don't want any incentives tied to it.
• 29:09
  Speaker 1: So Larry Bird's contract in basketball became the first contract
• 29:13
  Speaker 1: where it was fully guaranteed. No one sends no nothing.
• 29:20
  Speaker 1: And so from that point forward, every major free agent
• 29:27
  Speaker 1: had their contract structured like Larry Bird's contract. That's how
• 29:31
  Speaker 1: they got guaranteed contracts in basketball, not by their CBA,
• 29:35
  Speaker 1: but by custom. So you fast forward to the NFL,
• 29:40
  Speaker 1: Kirk Cousins gets franchised twice. Those are fully guaranteed contracts
• 29:44
  Speaker 1: by the CBA that we wrote. Then what does he do.
• 29:47
  Speaker 1: He goes into the market and he says, my last
• 29:51
  Speaker 1: two contracts were fully guaranteed. I'm going to go into
• 29:54
  Speaker 1: the market and I want a fully guaranteed contract.
• 29:59
  Speaker 4: And he got franchise tag twice the context and you
• 30:02
  Speaker 4: can't franchise attack somebody three times, correct, And so he
• 30:05
  Speaker 4: had to get he had to go to.
• 30:07
  Speaker 1: The free, free free market.
• 30:08
  Speaker 4: But even in that franchise, he had to make the
• 30:11
  Speaker 4: average of the top five quarterbacks.
• 30:13
  Speaker 1: Average the top five the first time average of the
• 30:16
  Speaker 1: top three, the second time plus one. So then he
• 30:20
  Speaker 1: goes into the free market, but there's nothing in the
• 30:22
  Speaker 1: free market by the CBA that says that his contract
• 30:25
  Speaker 1: has to be fully guaranteed. Right, he went into the
• 30:27
  Speaker 1: market demanding a fully guaranteed contract because he had the leffage.
• 30:32
  Speaker 1: But here's what happens after he does his contract? How
• 30:36
  Speaker 1: many quarterbacks do contracts after Kirk Customs pruss? You got
• 30:43
  Speaker 1: Tom Brady, you got Drew Brees, you got Peyton Manny Patrick,
• 30:47
  Speaker 1: all of them. Did they get their contracts fully guaranteed? No? No,
• 30:54
  Speaker 1: So what happened in basketball didn't happen? And why I don't.
• 31:04
  Speaker 5: That the agent's fault.
• 31:05
  Speaker 1: I don't because I don't get to contracts, right. So,
• 31:12
  Speaker 1: but so when I teach on guaranteed contracts, I teach
• 31:17
  Speaker 1: the Moses Malone to Larry Bird to free agent movement
• 31:22
  Speaker 1: of guaranteed contracts. Then you come back and you teach
• 31:25
  Speaker 1: the fully guaranteed franchise tag under Kirk Cousins goes to
• 31:31
  Speaker 1: the free market fully guaranteed contracts, then it doesn't happen.
• 31:35
  Speaker 4: So you're giving them the education, and what they choose
• 31:38
  Speaker 4: to do with the education.
• 31:39
  Speaker 1: I can't contra and then you fast forward for for
• 31:43
  Speaker 1: whatever you know, for whatever people want to think. I
• 31:46
  Speaker 1: don't care what most people think. But Deshaun Watson negotiates
• 31:51
  Speaker 1: a fully fully guaranteed What quarterbacks do contracts after Deshaun Watson,
• 32:00
  Speaker 1: it doesn't really matter. Yeah, are they fully guaranteed? No?
• 32:06
  Speaker 1: So once again the cycle happens. What should have happened
• 32:09
  Speaker 1: in the market was what should have happened with Larry Bird,
• 32:13
  Speaker 1: but it doesn't happen in football. So now we're on
• 32:16
  Speaker 1: the cusp of what I consider to be one of
• 32:20
  Speaker 1: the most dynamic quarterbacks in NFL history, is coming up
• 32:24
  Speaker 1: on the end of his rookie deal and he's about
• 32:28
  Speaker 1: to hit the free market. And one of two things
• 32:30
  Speaker 1: will happen. If the owner decides we don't want you
• 32:34
  Speaker 1: to go to the free market, Lamar Jackson will be franchised.
• 32:38
  Speaker 1: You'll get the average of the top five quarterbacks and
• 32:40
  Speaker 1: that's fully guaranteed.
• 32:42
  Speaker 5: Great.
• 32:42
  Speaker 1: If he gets franchised a second time, he gets the
• 32:44
  Speaker 1: average of the top three plus one hundred and twenty percent. Great.
• 32:49
  Speaker 1: But if he wants to do a free market contract,
• 32:56
  Speaker 1: wouldn't it be in his best interest to get the
• 32:58
  Speaker 1: same type of track that Deshaun Watson got, Kirk Cousins got,
• 33:04
  Speaker 1: and Larry Bird got.
• 33:06
  Speaker 5: Before we leave, how do you feel about the kamin
• 33:09
  Speaker 5: you spoke about it. I want to elaborate about that
• 33:11
  Speaker 5: loot bit.
• 33:12
  Speaker 1: Yeah, I mean, and look, I'm I'm you know, as
• 33:15
  Speaker 1: we talked about, I'm not a football guy, and frankly,
• 33:17
  Speaker 1: I don't think I'm supposed to be ideal in contracts
• 33:21
  Speaker 1: and scintillating things like regression analysis and looking at data
• 33:26
  Speaker 1: and trends and TV contracts and all of these things.
• 33:29
  Speaker 1: So I don't look at this, and I don't think
• 33:31
  Speaker 1: any labor leader should look at a job like this
• 33:35
  Speaker 1: as how do we preserve the game. I represent a
• 33:38
  Speaker 1: group of workers who have really short careers, and I
• 33:41
  Speaker 1: want to maximize their returnal football. I want them to
• 33:44
  Speaker 1: get more out of football than football gets out of them.
• 33:46
  Speaker 1: So when I look at the combine, instead of thinking
• 33:49
  Speaker 1: about it like football, I think about it like work. Okay,
• 33:52
  Speaker 1: I went to a top ten law school. I mean
• 33:54
  Speaker 1: I did. Okay, I can't imagine a world where all
• 33:58
  Speaker 1: of my fellow students from all of the other top
• 34:01
  Speaker 1: ten law schools do extremely well. In law school, we're
• 34:05
  Speaker 1: rated some of the best potential lawyers in the country.
• 34:09
  Speaker 1: We take the bar, and we pass the bar, and
• 34:12
  Speaker 1: the bar says ud and all of the hundreds of
• 34:16
  Speaker 1: other law school students are poised to be the best
• 34:19
  Speaker 1: lawyers in the world. But instead of you picking your
• 34:23
  Speaker 1: law firm, here's what we're gonna do the bar is
• 34:26
  Speaker 1: decided that instead of you picking your law firm, all
• 34:30
  Speaker 1: of you are gonna go to a certain city and
• 34:33
  Speaker 1: instead of I know we passed the bar, and I
• 34:35
  Speaker 1: know you've already graduated from law school and on ice great,
• 34:37
  Speaker 1: but here's what we're gonna do. For three days. We're
• 34:39
  Speaker 1: gonna give you a bunch of law quizzes and all
• 34:42
  Speaker 1: of you are going to take a bunch of quizzes,
• 34:43
  Speaker 1: and we're gonna see how well you do on the
• 34:45
  Speaker 1: law quiz. Oh and by the way, because everybody who
• 34:48
  Speaker 1: comes to our law firm has healthcare, we're going to
• 34:52
  Speaker 1: put you through medical testing to see if you are
• 34:56
  Speaker 1: genetically predisposed for liver disease or cancer, or if you're
• 35:02
  Speaker 1: a woman, you might want to take maternity leave one day,
• 35:06
  Speaker 1: and we're going to factor all that in because that
• 35:08
  Speaker 1: impacts our healthcare cost. And after that we will decide
• 35:14
  Speaker 1: whether you can become a lawyer. If that happened in
• 35:18
  Speaker 1: law or journalism or doctors or anywhere else, people would go,
• 35:25
  Speaker 1: have you lost your mind? What are we doing? You
• 35:30
  Speaker 1: should just take me as a potential employee based on
• 35:35
  Speaker 1: how well I did in school. Have I passed the test.
• 35:40
  Speaker 1: Can I do the work? Yes, the combine is the
• 35:44
  Speaker 1: only place I know of where we now know, especially
• 35:48
  Speaker 1: you guys who are younger than me. Thanks for pointing
• 35:50
  Speaker 1: it out. You've seen. If I asked you right now
• 35:56
  Speaker 1: to look at the top five perspective draft picks, and
• 36:00
  Speaker 1: I said, hey, man, can you pull up on your
• 36:02
  Speaker 1: phone how fast they run, how high they can jump,
• 36:06
  Speaker 1: and give me a rundown of their physical skills for football?
• 36:11
  Speaker 1: You could pull all that up on your phone right
• 36:13
  Speaker 1: now and you probably would have what twenty NFL junior videos,
• 36:19
  Speaker 1: everything from the guy running from the time he was
• 36:21
  Speaker 1: in junior high school until college. You've got it. So
• 36:24
  Speaker 1: here's what I know. Do we know how fast these
• 36:27
  Speaker 1: guys could run? Yes, oh great, We know how high
• 36:30
  Speaker 1: they can jump, We know how much they can lift.
• 36:33
  Speaker 1: If if scouts want to know exactly how that happens
• 36:36
  Speaker 1: and they want another second check, what do they do?
• 36:38
  Speaker 1: They can go to the schools and do pro days. Right. Yet,
• 36:42
  Speaker 1: we set up this invitation only come by where you
• 36:46
  Speaker 1: have to be invited, and then when you show up
• 36:49
  Speaker 1: you have to sign a medical waiver and they put
• 36:52
  Speaker 1: you through the MRI machine. You get interviewed by thirty
• 36:56
  Speaker 1: two team doctors, thirty two set right doctors. Then a
• 37:02
  Speaker 1: GM sits down with you and says, I want to
• 37:04
  Speaker 1: talk to you about your childhood. What does your mother do,
• 37:08
  Speaker 1: what does your father do? Did you grow up in
• 37:11
  Speaker 1: a violent culture? How were you in high school? What
• 37:15
  Speaker 1: kind of friends did you do to hang around? All
• 37:17
  Speaker 1: I'm saying is why would we accept a system like
• 37:21
  Speaker 1: that in football? And we would never accept a system
• 37:25
  Speaker 1: like that outside of football. And so when I talk
• 37:28
  Speaker 1: about the combine, I look at it as not a
• 37:31
  Speaker 1: football thing, it's a worker thing. And is there a
• 37:35
  Speaker 1: way of conducting an interview that doesn't infringe on your
• 37:39
  Speaker 1: privacy and your medical history? Because let's not get it
• 37:42
  Speaker 1: twisted for a second. Why are you being evaluated by
• 37:46
  Speaker 1: a doctor? Why are you being put through an MRI?
• 37:50
  Speaker 1: Right before you signed your first NFL contract? You have
• 37:54
  Speaker 1: to have a physical. The physical is designed so that
• 37:58
  Speaker 1: the doctor knows that you were physically capable of doing
• 38:01
  Speaker 1: the work. If that happens at the end, what is
• 38:05
  Speaker 1: this medical evaluation at the beginning, It's to decrease your
• 38:11
  Speaker 1: draft stock. Right. I got Tiama linebackers. Both of you
• 38:17
  Speaker 1: are six three two forty. Both of you run a
• 38:21
  Speaker 1: four four forty. Both of you can bench big time. Wait,
• 38:26
  Speaker 1: you can do your squats, both of you have a
• 38:29
  Speaker 1: vertical lift of blah blah blah. How do I draw
• 38:32
  Speaker 1: the difference between whether I'm going to pick you or
• 38:36
  Speaker 1: you? You want to know, man, does that guy have a
• 38:40
  Speaker 1: sign of a knee injury from high school? Does his
• 38:44
  Speaker 1: shoulder have any sort of degenerative tissue? What's on his
• 38:48
  Speaker 1: X ray? What's on his MRI? Well, they both run
• 38:52
  Speaker 1: the same thing, but which one is more likely to
• 38:54
  Speaker 1: be injured? That is only there for one reason to
• 38:59
  Speaker 1: drop you from the third pick of the draft to
• 39:02
  Speaker 1: the fifth pick of the draft, from the first round
• 39:04
  Speaker 1: of the draft to the third round of the draft.
• 39:06
  Speaker 1: And here's my problem with it. The combine and structured
• 39:10
  Speaker 1: so that you can't say no. So I asked myself
• 39:14
  Speaker 1: a question. Would I want that system for my daughter?
• 39:17
  Speaker 1: Would you want that system for your son?
• 39:20
  Speaker 2: No?
• 39:21
  Speaker 1: And I find it medically, professionally and ethically intrusive. That's
• 39:28
  Speaker 1: my thing about And apparently I've made tons of friends
• 39:31
  Speaker 1: by so yeah, my picture is on the wall at
• 39:34
  Speaker 1: the Indianapolis Airport. Now it was like a big slash,
• 39:37
  Speaker 1: so not welcome. Uh no, but that's okay. My job
• 39:42
  Speaker 1: is not about making friends.
• 39:43
  Speaker 5: Thank you for your time. Yeah very much. I had
• 39:47
  Speaker 5: a lot of fun. Thank you.
• 39:48
  Speaker 1: Thank you my graduates from my school being forced bag drop.
• 39:55
  Speaker 5: Bag drop, Mike Draft, bag drop draft.
• 40:09
  Speaker 2: The inspiration from others drives us forward. Their resilience pushes
• 40:13
  Speaker 2: us to excel, and their path navigates the way towards freedom.
• 40:17
  Speaker 2: Ford is proud to celebrate Black History not just this month,
• 40:21
  Speaker 2: but year round. They're committed to being the fuel for change,
• 40:25
  Speaker 2: supporting Ford Fund programs centered around economic, educational, and empowerment
• 40:30
  Speaker 2: opportunities for our communities to continue creating the future. Learn
• 40:34
  Speaker 2: more at fordfund dot org. Built Ford Proud