What did we learn from ACC Kickoff?

Financial capital financial. This is the gold shell the gold shell.

This league is going to be in overdrive almost start should be right, even to the middle and lower third of the way this legibly in overdrive what everybody else you can see it right and so football now the ascent of football has to continue. We need to see Florida State they might have to beat LSU but it's got to be close. I need to see mine believing in him tolerant I can go to College Station Caulfield on Saturday night wire about the good thing about the way I don't need missteps, even I don't need one boat. I don't be wanting green bull gold shell game yes expectation we have a high bar ACC football matters too much. We will wear from that conversation from with Western Roy Jones is also there. He was did not talk near the metal across within that I wanted. I understand that the first part of that soundbite was about basketball and looking ahead to the basketball season, there should be a bunch of really good teams in this league.

North Carolina is going to ultimately be no the preseason favorite. We can debate whether or not that is simply a carryover from last year but I understand they bring back. Basically all of the important pieces. Mine is pretty manic from the team that went to the national championship game. So I get it, but duplicate because they rely contingently and will we all know how many good coaches there are four ACC basketball but then the second part of that was about football and every year I keep saying this long conversation with some some people follow these things and one thing that I've been saying for a long time. Jim Phillips the commission of the league in his State of the ACC address talked about how every team in the legs get to play at least one school for the power five and X amount going to play two and on like this is why records stink. Yeah Plan B got a winner and the ACC has won enough of those games and I'm not saying you shouldn't plan because you have to play at least one and the league needs for their own roster of games. The league needs like high quality games to put on the schedule so the AC DE ESPN and ABC which is really the same.

The ACC network can can put 34 good games a weekend on television to go to Windows so the games that westerns talking about Miami's trip to A&M or FSU plan LSU Carolina and out who to be fun. That is, lose the ball for the Tar Heels. I don't think Appleby favored but I don't see that game being more than Tar Heels by three mask that is a tight game. One possession game, NC state will be close to a 10 point favorite on any right to him for the lines are out because it is is a week one game so NC State at East Carolina bait probably be about a 10 point spread 910. Some like that but it's not like states favored by 30 so you can't just throw your hats on the field and expect to win. Not only has a couple weeks zero game 30 games Tar Heels and was in FAM at family right yeah but there they will have lines on those at the right moment don't have spreads like money, like Hawaii is underdog against Vanderbilt. All man Vandy SEC yeah SEC power so see the ACC needs to Windows getting a lot of things to do today. We talked a ton of not really college football the last couple days. We talked about survival, mostly for scope still got report after spending the last two days at the ACC football pep rally in Charlotte a great analogy for Q to grade the ACC remains intact yes doomsday clock still reads 1154 we left we left Charlotte and at last count, there were 14 schools for football, 15 in all sports but the 17 well there that that still it's one of my great regrets from the two days in Charlotte that when I went back into the dungeon.

Talk with the Commissioner, Jim Phillips, that my first question wasn't so those two teams that you added at the during years.

State of the ACC address, Josh.

What a missed opportunity that was what everybody panicked everybody overreacted.

Present company included to the USC UCLA jump to the Big Ten. The reality though is that the ACC is on solid footing. It's the third wealthiest conference in the country. It's the third among FBS leagues. If the third among the power five. If there is even a power five because who knows who's going to be left of the Boutwell they're not going anywhere now when we get to 2032-ish. Maybe that's a different story. As you get towards the end of the grant of rights, which is more about the time where, may be Texas or USC will try to negotiate their way out to their new conference possible.

They haven't given any indication that that's happening but it's very possible as you get to the end. The way to buy your way out is less expensive. A lot of coaches at the same thing yesterday and I'm not sure a lot of people rolled their eyes and the critics may be right. I'm not saying that they're wrong but a lot of people said the same thing looks like everybody staying together and like that would be good for everybody. Anyway, yes, you're leaving money on the table if you're not in the southeastern, but there's and there's another side of that story and what good are you to the SEC I mean are you to pay for yourself.

Otherwise, the schools are taking a pay cut that so mean. If the SEC added NC State and Clemson textile bowl. Is that going to be worth $200 million each year to the southeast and comes no that's what that's what it would need to be for all of the other schools do not take a pay cut, and I'm not sure that that's the case, and that's not a knock on state or Clemson when the numbers get this high, it becomes way more different life. We were still talking about $50 million per score. The payout then you could do that between us that were never doubling the number that's not easy. That is not easy.

So I do think that on until the time comes when this system is structured or restructured massively then I think everybody is staying where they are especially of Notre Dame stays independent real quick just just just a thought that is you're not a soccer got but is football when it completely blows up and starts over his college football not completely right for promotion relegation. I'm not I'm not against the thought of that but getting all of these schools to agree to that. I just don't see so I just spent blowing here but I'm not.

I'm not against the idea of take all. I don't know 12 of 24 teams in the SEC 24 teams in the Big Ten that make it averaging, everyone at this point and you split it in half with each link in half day the best programs are the top 12 the next 12 are in the bottom 12 in each side okay and you play the season bottom three. Get relegated okay.

Top three from the second division get promoted. I mean this is total like merit-based system play well enough to earn your way to stay.

You don't get don't that you're certainly not to go. Poor teams in the second division of English soccer don't go poor. No right there still money to be made like players don't make good livings playing professionally.

There, I'm just wondering if it's not right for promotion relegation in college sports is people want to use that in pro sports and about was that this you are never going to convince owners, billionaires who paid billions for their franchises to accept the system that knocks them into the second division just for that year make a difference.

The Dallas Cowboys sorry you are to and 15. Guess what, you get drop down to the USFL. Oh yeah I lay in Birmingham where you everybody so you will never have that in US pro sports ever like if we have 40 teams in major league soccer which we might also is sort of a Ponzi scheme. The way the holy construction but the if we have 40 teams in MLS. I might might see that I don't know but these David Tepper paid $300 million for a franchise right that was 300 million well overpaid for what the franchises where they can't bring Chelsea and every week to play that they could put 70,000 people, or whatever was in the Bank of America statement just discussed, but bowling I think it's right for a promotion relegation golden studio with my friend coached me through it with the capital financial advisory group. We are talking retirement coach house longevity risk figure into our retirement and income plan.

This is the best of times and the worst of times and longevity risk me to get a lift to all to me everyday lives not too long after we want to money to outlive us and unfortunately many people have seen you out there listening. Maybe one of them. Your money is not designed to outlive you.

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We call it the GPI plant growth protection lifetime income for the next 10 people is the golden ticket out of the snow valuable to do at no cost or obligation, and all you have to do is call we make it so easy. Would you like financial independence into your retirement and beyond it. 800-661-7383 that golden ticket is $1000 value or you could text Adam to 21000 for coached me through what were all spending otherwise valuable time worrying about the future. There are those in the pack 12 neighborhood worrying about bears because vers is real, San Diego State A.D. they're not in the pack 12 yet. Jim Wicker has some thoughts everyone. I think what shocked me one thing for Texas and Oklahoma go to the regional about one year USC and UCLA are now going to take everybody across the country. All year I that would revile wow I can't believe you know you look at the dollars and you understand a little better then you know we started looking at it and say okay you know we're the only school in Southern California. The young placed Division I football I is the FEF level and is not in the Big Ten. Though we recognize that there's a potential opportunity for us recently. Good position right now. It does look like if the pack 12 can stay alive. They will try and they might expand to San Diego State. I don't know who else they would bring him to be perfectly honest, I'm not sure it's a viable conference at this stage of the game. I'm also not put off. It's not good and it is unfair to athletes to ask them to especially for those not in the power in the sport of football or basketball who are use to a lot of travel news athletes are used are not that it's good form, but I mean it's it's more commonplace, I would point out it is what is a 2765 miles between Los Angeles and New Brunswick, New Jersey where rectors so southern cows trip with the women's field hockey team to rectors that's that's that's an arduous trip as a lacrosse match up. It is the women's O is is a good Southern Company women's lacrosse.

They do rectors does right they did.

Sure, why not New Jersey big on the cross so but it what what is the mileage from Miami to Boston.

I mean it's 2000 miles anyway so were really pitching about his time zones. Yeah, still it still travel, but we have planes now we do. Although I will say that we rode the train back from Charlotte yesterday you did. Yes, I was with the Kok and Andrew Carter of the news and observed, we are blessed we play games on the train and it was like traveling in the old times. It was very good to hear that you know the clickety clack of the track yeah and you stop it in Townsend just got this one. I felt like I should've been wearing like a tweed suit with a bowtie a bowler hat. So a train underrated surrogate win if we are wonderful we are one of them would probably annoyed all the people on the train with one night with some football things to get NFL stuff to get to actually a very good but you know that standby does sound like somebody throwing this kind of money only what he thinks and bunch of new numbers for some of the Carolina Panthers easy to start, no I do not okay right will go talk to Darren again about this and other things later on the Baker Mayfield has negotiated an exchange with punter Johnny Hecker for consideration for his beloved number six if you were Baker Mayfield different number fresh start. Number six is really holding me back. Anyway, Hecker will now wear number 10, which belong to wide receiver I'd never heard of. The biggest issue for me though not really bent out of shape or whatever numbers these people where Amore Barna who is a defensive man from Virginia Tech was drafted in the sixth round is going to wear number 90's. I have questions. That is Julius peppers number right yeah he is mean if there was one on the Mount Rushmore of Pitt snow will easily write I say so nobody's been aware 89 right as it were.

Steve Smith number.

What about Lukey Cleese 59. What about Sam Mills 51 is a no right why we why we put in 90 on somebody.

I don't understand template number one on anybody other scan. You get an argument for me so like I realize that if you do that too often in football you run out of numbers but now with the ability to wear whatever freaking number you want here in the NFL and knowing that there are 99 options plus if somebody wants to wear zero.

I'm sure you could, and if somebody wanted to wear 00. I'm sure you could so with 101. Available options and what a 53 man roster right yeah and let's just add all 15 more players for injury purposes and whatnot.

20 more players.

It kinda gives you 25 numbers or so to play with.

Yeah so if you if your franchise is so amazing that you might have like 30 retirement will numbers know what will figure it out, but you're the Panthers, and you may be have five and 12 and 90 is one of nobody should where I got. I'm sure maybe maybe Morimoto. It was a huge peppers vanity's geek where 90 and maybe that was given permission. I don't know but just seems seems odd to me like it anybody the Giants. There were 56 today Lawrence Taylor Noda. I don't believe so. I Cardinals gave Kyler Murray the bag yesterday five years, $230 million to 60 million guaranteed II think I might shorten .5 million. Did I did I apologize he'll be okay. So if you're thinking about the future.

This probably means that Baltimore's Lamar Jackson is next right Jeremy Fowler of ESPN. I don't know that even the ravens are willing to give him the Kyler Murray deal this point.

I think they from from what I've heard it's like there's a gap in the pay and is gonna have to be bridged by one of the parties, and right now it hasn't been there, been enough talks enough negotiations to even get that far because you know Lamar talked to Jim Eric Acosta at minicamp that was considered productive. That was also really a victory the times they haven't had a lot of conversations so maybe it will need another Lamar is back in Baltimore. He has reported for training camp. By all indications he will be on the field and so in good faith, maybe they can negotiate this award further but right now that it has been a movement to even know what it would look like this might come as a shock to many, but the cost for not signing Jackson to a long-term deal a superior player to Kyler Murray by the way, is going to be painful for the Baltimore Ravens now the average number that he's going to play for ultimately is going to be between 45 and 50 right but if you sign into a long-term deal you can lessen the Pit by extending out dummy years. You can always drop the Yeah and that's typically what teams do, except if you're planning on franchise tax. That's your captioned yes so not this year but next year Lamar Jackson's Number will be 45 million is that's what the franchise tag is likely to be unless they decide to give him a nonexclusive franchise tag which would allow any team to sign him to an offer sheet which then the ravens would have to meet or let them go for two first-round picks. The following year would be 54 million are the ravens willing to take a 46 million $45 million. It than a $54 million It.

I think the year after that is like 72 I have for third year franchise. I just I don't even understand. He's one of the five best players in the game. He's dominant.

He is your franchise.

Why are we.

Why are we even having a debate about who was couple weeks ago brought up the fact is, he doesn't have an agent in the front office is trying to contact him is not answer please.

There was there now.

He was there at minicamp yeah still yeah like America Malabar. We don't want this. We don't want this lingering let's get get this done. Now, like, but what Fowler is telling you is that the ravens don't want to pay that money. That money given Kyler Murray money. He's better than Kyler Murray want to give him Kyler Murray money. It's not close really anyone I so before the lunch. Lamar is just a ridiculously good player point will they or won't they final thing I asked Robin I could have time to get into this a ton because it appears that Kyle Shanahan and the 49ers are to hand the keys to their first round draft pick quarterback from a year ago Trey Lance go to get the gig.

They've given Jimmy garrotte below chance will will will listen to the ESPN folks a little bit later on there to give Jim they gave Jimmy garrotte below.

It is A chance to go seek out a trade is my question.

Panthers I mean workshop this with me. Get if you can get Jimmy G and have the 49ers retain a big chunk of the salary for a mid-round pick what one why wouldn't you do it another one who cares straight Sam Donald straight up for another one keeps in Donald. I may think of the depth of the quarterback room at mean a lot of castoffs garrotte below Mayfield Donald and Matt Correll stacked with Peter Walker. Walker is that there's no room in the quarterback room he's in the kicker room that USFL so I they gotta get on that they have to get on June 19, 2006, but it all started May 6, 1997 the announcement that the Hartford whalers were coming to North Carolina transition of heartbreak of figuring it out on the fly became the 25th anniversary of the moon, presented by the Carolina listen now my what your overall impression of what we experience for 48 hours in operation kickoff. I think a couple things. Anyone yes Jim Phillips idealism, and in the last man in power woman manner will empower you still believes that college athletics as a soul worth saving. Certainly open himself up to mockery and people who are questioning whether someone like that is necessarily the best person to navigate a conference at a time of existential threat, but I actually found it kind of refreshing in the sense that we spent all the time. Talk about money in television football. We really have. I think the SEC and Big Ten have lost track of why they got into this business in the first place. You know it's it's if you want pro sports Gobi pro sports and look around for an ILM for players getting a piece of the pie is a billion-dollar industry on mom for all that, but I think there's a Rubicon coming for the ACC where this conference and some of these schools are going to have to ask themselves, are we going to do semi pro sports are we going to return to their original mission from 70 years ago, room 232 or whatever it is such feeling. The problem is we already know the answer right.

The ACC is going to chase the tailors of this dog is everybody else, whether they can keep up or not. And schools like Duke and North Carolina are going to end up in an existential crisis of their own saying what value does athletics delivered to us from an educational perspective.

If that answer increasingly accrete stored zero is what's interesting to me about this conversation that I tried to ask the question a couple times yesterday 20 years ago, distribution to each member of the ACC limit more than 20 years ago, was $9 million per school and that was the number one distribution of any conference.

He is second at 8 million.

Nobody foresaw this this amount. This amount of money was always getting a lot because everything is, but nobody foresaw the explosion to this degree, to the point where when the SEC deal kicks in that you add Texas and Oklahoma to the mix and when the Big Ten renegotiated their deals were probably talking about $100 million you immediate revenue and when that happens, it automatically changes your focus like you can't help if we were presented that I think we would all make all of this money while we not showing the live live radio live media media tour live Fridays is my brain. I can't stop every single Friday you and I mention the live during some way, whether it would Friday May single conversation going and when I wanted you usually have some joke to make the point you make about $9 million. This is great because what he gets back to his. I think there's a point where a certain amount of not of money becomes enough. But that's not the way these people look at because he is running but if you would told ACC 80s in 2000 that they're getting 9 million year whatever it is now in 20 years you can get 52 million. They were like oh my God what a windfall. What can we do that instead. You know that word what they say now you know this gets any worse have to cut sports right. They will always spend every nickel summer.

That's because technically these are nonprofits right some of that's because it's human nature. If you give someone $20 and tell them they can't keep what they don't spend.

They will spend all $20 at the end of supermarket sweep giving my kid money coming back. You cannot come back with the monies not so where's ago. It goes into hiring Assistant Deputy associate directors who do very little actually have real jobs and work hard but could that function be fulfilled by four fewer people. It was in 2000 it goes into the pockets of architects and contractors and developers but I made this argument earlier this week in the paper.

The Big Ten has $100 million for team AZ is $50 million between the basic cost of playing big time college sports right now and will get to leave later in a second right now you can do it for $50 million in school that extra $50 million does not give you an incremental competitive advantage those extra million dollar strength coaches the third flat screen in the volleyball lockers the massage chairs in the football locker room. The second lazy river in the football, does not give you the marginal return on the next $50 million and maybe the #50 maybe 60, maybe 30 marginal return. Going beyond that point, it starts to minimize so I'm not as worried about these cortical falling behind as long as the ACC in the conversation and whatever the baseline is to compete now, here's the later. If you end up having to start cutting players and on the pie, which I think is the right thing to do and maybe that not gets bigger maybe your number gets bigger because maybe you spend less on facilities and you spend less on salaries and you threaten to cut sports but you don't because cutting sports as a self-fulfilling prophecy for the school because if you cut it nonrevenue support whatever money you save in the budget you lose in the budget, which is what he's Carolina found out with purple light all over there for not only were they costing the school money by cutting tennis and swimming trouble and that much money on legal fees is when you're not everybody's sponsors. My sports is North Carolina and that's fine with the idea that somehow making more money means you have to cut sports is one of my favorite college athletics tautologies volleyball locker rooms not getting another flatscreen now, but you know I look at the facility… Take, for example, do compared to the NFL certain every NFL locker room is close to as lavish as the top football program May the top. Football program football programs and look at look at the hurricanes hornets their facilities are very nice there adequate. They can compete at the highest level in their sport and they have nowhere near the bells with you know why because they are businesses in their run to make a profit so you don't spend every nickel. The owner wants to keep some for themselves and that's the difference. I think with college sports is the more money you make.

It just means you spend more marginal rationality, and here's the other thing Adam matches players if I'm the Chancellor of Ohio State and I will get $100 million and say what you guys function pretty well on $80 million. Two years ago.

At some point the Provost and the deans are going to come for that money. They are going to come for that money and a lot of the schools and academics have been subsidizing athletics for a while.

They want that that that one is going to happen.

Ohio State maybe not Ohio State Purdue Michigan yet Northwestern Michigan is Michigan so that I don't know the athletic department is subsidizing Michigan would hundred 5000 people and that's know what I could see the academics coming further there. There chunk of change that happened and it should be honest, I've always thought that to really boil all of this down.

These are not nonprofits, not to billion-dollar and just right so why don't we simply tax chart look look at them as businesses. I mean I think you can in the annual billion-dollar history that relies on what is essentially unpaid labor writers in any number of ways you can go about addressing that yes taxing them is absolutely one of them classifying athletes as employees, which eventually to some degree as it happened. Maybe not flat out employees, but collective bargaining between schools and and athletes on things like transfers and things like how many classes you have to take in all of the yard was at all happy to have too much freedom now you can negotiate that you think that's true but they're gonna want something in return and that something is going to be money. I would like that money to did you hear any football this week. Man, II did I why talks I had some good conversations with people about football but just absolutely dwarfed by these these bigger picture questions and frankly Glasser Texas and Oklahoma was the cloud hanging over this medleys that happened on day two we didn't have a day down on day one in IL with the cloud hanging over last year. I only want to talk about Lazarus and IL and about guardrails. I'm not into it. I know it is what it is there's always been inducements is been finding stable now I I am. I just have no time to even have the energy to argue about it. People like we've always had the coaches were most concerned about and IL affecting recruiting which is essentially the free market right for the record are the coaches boosters haven't ponied up as much money as others. I'm sympathetic with it like like if I if I were a football coach and I were a couple years older than I am now, and I got into a position where instead of recruiting people with my charm and my pitch I was losing recruit system school whose boosters were just putting piles of money in the table. I probably would not like that either, and I would certainly question whether this is a profession I wanted to be in. But that open market has been going on secretly for you. Decades and decades upon decades and you are all hate is this quarterbacks uncle suddenly has a new kitchen.

You know that all all that you will know the story on the yellow bringing printing yellowish.

That's a nice deck bringing all that stuff above the table I think is actually cleansing and sanitizing and look at Texas A&M is a reason buying entire football team. If they're doing it now. What are the odds that all that money just came out of nowhere right. So, what inducements have been going on since we had recruiting so we I keep using this example, you seal John Wood was a great coach.

There were a lot of other players and all of those guys from New York who went to UCLA could have gone between New York City and UCLA. They could've stopped stopped in Philly the state of New York. It wasn't just that John Wood was a great coach and there was a Jewish tradition were plenty of places to go is a reason it is. As I said one it brings out the open where we can all see it and then we can maybe wrangle with it. If you want to or be you been profiting from a protected market for college athletes because you couldn't pay them over over the table. So how did you compete for them with facilities with coaches by spending all this money on things that don't really matter. Now you can players and they don't have to watch a $20 million football facility they don't need get built with them or anything but overall this is all very close to get away from the educational mission of college sports got away from that years ago. Is there value in college sports other than people making money absolutely there is is a fan as an athlete as a coach, you know there's a reason everyone cares about this stuff so deeply, but to pretend that it's you know can be rinsed of financial imperatives is is is to use Jim Jim Phillips were Pollyanna Schneck said I like the idea that even as he says all options are on the table. He's willing to say that hate. This is supposed to stand for something right. Let's try to keep that in mind as we you know engage in this all out scramble for more money. Let's let's at least try to be less naked about it than the SEC and Big Ten.

It would be really good if at the end of the day. The joke isn't on him right that they be ideals of college what colors were supposed to be. Don't do went out to enough of an extent. We don't have the destruction yes let's just say this. I think I haven't complained of a lot of the stuff I been pro perform all. I don't think USC and UCLA being in the Big Ten make sense for anyone who does make sense for the athletes of the schools. It only makes sense financially and for fun and I think that's the line. The ACC is the point where ESPN is to tell them say hey you you want to be number three US at Washington and Oregon in the ACC.

That's the root got does he do it even though it flies in the face of everything that this is Enterprises stand for or doesn't say you know what were not going to do that were not going to take direction from our network partner and do something that we think is detrimental to not only our conference with the future of this enterprise.

I don't know what happens.

I think they probably do it and we all complain of them were back here next year and try to figure out how long it think he Oregon and Washington players to get back to campus from BCC kickoff will be a three day we will have division will just haven't separated fun. Oh my God this is the atom gold shell June 19, 2006, but it all started May 6, 1997 with the announcement that the Hartford whalers were coming to North Carolina transition of heartbreak.

Figuring it out on the fly became look at the 25th anniversary of the moon, presented by the Carolina listen now my