November 15, 2022 • 33 mins
Sports business tycoon and legendary agent Dave Meltzer fills in for Lindsay on this episode of The Bag and joins Rashad do discuss the franchises and athletes bet big on crypto, and consequently how the fall of the FTX exchange will reverberate through the sports world. They also analyze the controversy that has set the stage for the potential sale of the Washington Commanders, and determine whether Dan Snyder's magic number of $8 Billion dollars to sell the team is at all reasonable. Rashad is also joined by Minnesota Vikings safety Camryn Bynum, who discusses his philanthropy, investment strategies, and how the younger generation of NFL stars has an evolved strategy when it comes to building long-term wealth, as compared to their predecessors.See omnystudio.com/listener for privacy information.
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Episode Transcript
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Speaker 1 (00:00):
Never lover. I bet another one who bag and back
on my legacy. Alright, guys, welcome back to another episode
of The Bag, brought to you by Sports Illustrated and
(00:22):
I Heart Radio. I'm your co host for Sean Jennen's
and my beautiful co host, Lendsay McCormick cannot be with
us today, so I have a handsome man over here
by the name of David Melts. Appreciate your feeling in
how you doing today. I'm good man. I'm gonna up
the audio game. But of course it's a complete uh
depreciation individuals. So I'm a big fan of Lindsay's and uh,
(00:45):
I will try my best to make sure that my
content will overcome the face for radio that you're looking
at right now. Let's get straight into this. Dan Snyder
bought the Washington rail Scans in nineteen and for eight
hundred million dollars, and with all allegations going on, he's
having to sell it, and he's selling it for a
magical number of eight billion dollars. And to give the
(01:07):
reference points, um, the New York Mets Soul at two
point four billion dollars in two thousand twenty one, the
Carolina Panthers soul at two point two billion dollars to
two thousand nineteen. In the Brooklyn Nets soul for two
point three billion dollars to two thousand nineteen. So just
a few months ago, um the never Bronco soul for
(01:28):
four point six billion dollars. So we see the number
gradually increasing. But now that's a magnificent jump to eight
billion dollars that the Washington Commanders are up for sale.
Do you think that number is outrageous or is it
right on point? I think it's a little bit high.
But who am I to say when you have such
a limited commodity, a limited asset that is directly attributed
(01:52):
to the richest people on earth, and so as you
have more of the richest people on Earth into the
hundreds of billions of dollars. Uh, it's an ego purchase
that eventually has always been determined to meet or exceed
its value. And people thought, you know, my friend over
(02:12):
here in l A was crazy for buying the Clippers
for two billion when he did. Uh, And I will
tell you that as outrageous as eight billion dollars, that
seems a little bit high. I am not so sure.
There may not be some multibillionaire whose ego uh and
his longevity of perspective value can easily justify eight billion dollars.
(02:38):
Believe it. I think the biggest detriment Rashot is you
and I both know the game very well. We know
the business of the game very well. There's a lot
of legal baggage that would interfere with the security of
such a purchase. So as much as we can go
ahead and speculate on the price, the biggest problem will
be whether it's four point seven billion, seven billion or
(03:00):
eight billion. The problem is through due diligence of a
multibillion dollar acquisition. There's so much nasty dirt in this
deal that I think that's what's going to be the
biggest inhibitor for the sale of the team at any price,
let alone eight billion dollars. Yeah, with that kind of number,
is is eye opening. And so you know, we just
(03:23):
actually saw what's what I just went for forty four
billion dollars right, And you know it was funny to see.
Actually Elam was coming there with the sink saying, let
that sink in. I'm still trying to sink this in. Um,
so you got you got some You've got some big
key players and Jeff Bezo, Jay Z Coming, Durant, Matthew McConaughey,
just to name a few names that have been out
(03:44):
there in the pool of potentially bidding. I'm curious on
your thoughts that if Jeff Bezo byz Um, Jeff Bezo
owns the licensing rights to Thursday Night Football, he as
the owner of the Washington Post and then possibly being
the owner of the Washington Commanders. It seems like he's
(04:04):
really heavily invested in football. Uh. Do you think that
will tilt his power to make decisions over what the
game looks like? I absolutely do. But I also think
that there's older owning owners the Hunt family, the Rooney family,
the Jones family h that also have a great influence
(04:25):
uh throughout history of the game. And you'll find that
although he has some special interests involved, that they're probably
for the betterment of the entire league. Um. And I
think some of the owners are going to see it
as a considerable value to have him in the league,
and of course other owners that may have a more
(04:46):
egotistical priority or power uh play themselves, may see him
as a threat. I think overall, it won't be uh
something that will get in the way of his purchase.
I think his purchase. The difficulty, once again will be
when the emails unravel. You know this, this runs deep
(05:07):
for decades. Uh In Dan Snyder has to sell for
a reason, and we don't know all the reasons. But
I've been around this game a long time, and if
one tenth of the stories that I've heard are true
one tenth, it's gonna be a difficult sale. In the
due diligence process for someone to take on, there would
have to be some sort of indemnification that would be
(05:30):
offered with the purchase of it, and I'm not sure
Dan Snyder is willing to do that either. Out of
a eight billion dollar contract, right a deal? What percentage
would you say, are an attorney fees, in search charges
and like the little minute details that won't make mainstream
TV at all. We're always looking about twelve percent, you know,
(05:54):
twelve percent. But you know, so if you're looking, you know,
into eight billion dollars, it's it's a lot. Uh So,
you know, you could be up to nineties six to
a hundred million dollars of eight billion dollars in some
sort of fees attorneys especially, there's a lot of due
diligence that has to go on, especially with what's going
(06:15):
on with the pending litigation, with the pending UH types
of accusations that we don't know all of the accusations.
I've heard of some and I'm not at liberty to
you know, and hearsay that to say, but I know
it delves all the way back to John Gruden, you know,
losing his job. You know, there's so many things that
(06:36):
have been attached to Dan Snyder and you know these
this information comes from you know, different owners and different
minority owners in the league that are at in our
privilege to know certain circumstances. So uh, I would say
it's gonna be around eighty to a hundred million dollars
in those fees, which is far greater than you and
I paid when we bought our families. I bought my
(06:58):
mom like meeting similar backgrounds, right, we wanted to get
back and I thought, you know, six to seven percent
was outrageous. When when I bought my mom her first
house for I'm older than you, so it was a
hundred and sixty one thousand, and I remember my mom
asking me why in what world would I spend three
hundred thousand dollars on a house for myself? Uh? You know,
like that was millions back then. So we laughed now
(07:22):
at those fees. That's funny, man. And now this is
I do have to ask you a question. I'd be
remiss if I didn't. It's a philosophical question, but I
want to look at it from a business standpoint. So
Dan Snyder owns the Washington Commanders, but he's being forced
to sell it. But then the question would be, doesn't
(07:44):
really own it? When it comes to business, what does
it mean to own something? Yeah, So in that respect,
ownership is something that you can either liquidate, borrow again,
all determined. But in the end, what really determines ownership
is your liability, right liability, because we can always determine
(08:09):
later on the distribution, division, the taxing, all types of
different opportunities, But it's really about when I own something,
I own the responsibility for the liability for it. Um
And as you had stated, there's many different things that
happened through liquidation, but I usually have the controlling decision
(08:30):
of what to do with the asset, meaning I can
uh go ahead and make the final decision because remember,
he's being asked to sell it. He can fight it
air quote correct. So um, you know, and I was
it's funny because I was a liner and a lot
of people, you know, we were talking about Reggie Bush
(08:51):
and the Wendy's commercials with the with the heisman, which
I find really funny. You know, he he was never
forced to give the heisman back. He was asked. And
so you know, do you want to go through the
pain of you know, not doing what you're asked when
doing what you're asked is going to give you, you know,
upwards of seven billion dollars of profit or let's just
(09:12):
say it's a bad day and it's five billion dollars
of profit. You know, sometimes the ask is not as
unreasonable as it sounds, right, Yeah, And I relate that
to playing football. Um, you know a lot of coaches
will say the that O T A s are air
quote optional. Literally, Um, you know, by contract they are optional.
(09:32):
But you know, options in your opinions don't come without consequences,
nor do actions quite often. So yeah, it's that's why
I say air quote. Yeah, you're smart. Um, you're moving
on a little bit to to crypto how heavy. Are
you involved in crypto? Well, I've always only utilized since
(09:53):
I lost over a hundred million dollars as you know
back in two thousand and eight, I've predetermined percentage wise
buying going my timing and risk tolerance. UH, and I
saw crypto is a high risk opportunity, and so I
put a small percentage into crypto, working with companies some
(10:13):
that have heavily failed. By the way, one thing I
did know about crypto and n f t S is
I only looked at the capability, not the collectibility, right I.
I have been through the Internet boom. I've been in
Web one, Web two, and now Web three. And Web
one still exist, but the companies on around Web two
still exist and they're trillions of dollars in it, But
(10:37):
of the companies are not around. Web three ten years
from now will exist. But of these companies aren't gonna
be around. And usually the ones with the most hype
and the most money, the most perceived air quote value
are definitely not going to be around. And we see
that with f TX, and we see the same manipulation
(10:57):
when people get billions of dollars of valuation and UH
that it seems almost unbelievable that money goes missing, money
is misappropriated. It's almost unbelievable that it's three coming up,
and that you know, the same shady ship excuse my language,
still exists, that they had thousands of years ago trading
pigs and goats. So break sit down. When you said
(11:21):
Web two, one, two and three, what are those tears? Yeah,
so the Internet was Web one is when I got involved.
That's how I made my first money. But you know,
even Justice Scalia, the Supreme Court, I sold legal research online.
We exited for three point four billion dollars in ninety five.
Justice Schalia just before that told me nobody will ever
do research on the Internet. You need books. So we
(11:45):
Web one is the internet to Web two is the
mobile side of things, the apps, etcetera. Web two exists,
but most of those companies don't that we're at the
inception of mobile and Web two. I was the CEO
of Samsung's phone division before Lee Steinberg. In fact, most
people ask me how did I get the job running
the most notable sports agency. It was because I was
(12:06):
the only guy who had the same background as everyone else.
But I was in technology for a decade and Lee
saw the future of sports and technology, which we're experienced
today ironically, right, look at all the conversations are really
about technology, media, digital rights. I p uh, it's incredible
and it's only gonna get better and better for athletes, leagues, organizations.
(12:28):
And then finally Web three UH is blockchain and so
taking the democratizing, fractionalizing ownership of properties. And you'll see
this into ownership someday. You know how Green Bay is
a publicly owned entity. There will be a fractionalized ownership
of a team someday and will probably be when it
kits about fifty billion dollar valuation that people will be
(12:50):
able to buy a hundred dollar unit. Uh and you know,
keep it track it liquidated. That's crazy, It's really crazy
to me. I'm still trying to grasp the web three
as you call it. UHM. With with f t X,
what are your thoughts there, because the scene it seems
they have covertly channel ten billion dollars in customer funds
(13:12):
to trading companies, which all which also happens to be
owned by the owner of f t X. Which the
main issue isn't the transfer of money. The issue is
approximately one point billion dollars seems to be on accounted
for um and with that news coming out, a lot
of people pulling out of f t X and going
they they file for bankruptcy. And I'm I'm curious you
(13:34):
thoughts on that and what that relates to a sports
as we know, Uh, the f t X arena with Miami,
you know, it's for the crypto teems to have inserted
itself through the lens of athletes, which then you know,
barred that into the world a little bit more. So,
I'm curious what your thoughts are one on f t
(13:56):
X and how that relates to sports. Yeah, so number
one on f t X right, Uh there, I think
missing about one point six five billion dollars and people
are going to go to jail and they're bankrupt. When
you have what's called a pre chasm company. And when
I say pre chasm, it's when people like you and
I are trying to get a feel for what is
(14:16):
f t X and what is crypto? What is web three,
what is an n f T How is this all
gonna work? But through the Silicon Valley they're able to
raise billions of dollars and build hype so that people
in just like in the gold Rush, come rushing out
buying without knowing their timing and risk tolerants, and spend
(14:37):
their hard earned savings on things like that. And then
what's worse for sports, and how f t X relates
to sports is when you get a pre chasm company
with a lot of perceived value, when you have billions
of dollars of valuation, and the evaluation of ft X
at one time was over thirty billion dollars. That's the valuation,
so people thought on paper. And when you talk about
(14:59):
Tom Brady having six million dollars in crypto, he probably
did only because he invested so early, and you know
it's liquid. I lost over a hundred million dollars, but
it wasn't all in my bank account. It was in
real estate and all these other liquid assets. So here
now what happens. It's a trickle down failure of the
(15:19):
trickle down theory of failure. So you have a company
as a thirty billion dollar valuation and has all this cash.
They want to continue the hype, so they put it
onto arenas, they put it onto Super Bowl commercials, they
put it onto all these things, and they spend money frivolously,
not their money, by the way, and guess who gets
hurt the consumer in two different ways. One the ones
(15:42):
that invested in it, but worst the ones that are
paying the ticket prices, the media prices, all those things.
Because who's going to end up having to cover the
losses for the arenas, the league's, the organizations, and the
commercial debt that is out there, the consumer, the fan
and so in the end we will see this again.
(16:02):
We saw it as you mentioned web to hand Web
one company. I don't know when you were a boy,
before you you made the Super Bowl, brother, there was
so many dot com commercials of companies that I don't
remember their names that were paying and the people thought
they were crazy. A million dollars for thirty seconds. Uh,
and you know that won't even buy you a placement
(16:24):
at the Super Bowl for a commercial. But we once
again saw that with Web three companies during this Super Bowl,
A ton of companies that you still haven't even heard
of and probably won't be around in a month or two.
You know what you've been in You've been in business
for a long time, Like you mentioned, you've lost over
a hundred million dollars and and so what what kind
(16:44):
of what kind of advice would you give for somebody's
trying to get into the web three world? How do
you vet all of this information when obviously everybody is
trying to sell you that their money is well spent
with their company. Yeah, so number one, you need to
determine your own timing and risk tolerance. That was the
biggest lesson I learned from losing everything. I trusted people,
(17:05):
but I didn't know my own timing and risk tolerance,
and I didn't vet accordingly to my timing and risk tolerance.
Because I think once you have a perspective of Okay,
I'm gonna invest one percent, two percent or ten percent
into something that's high risk, then it doesn't take you
long to vet something to determine whether it's high risk
(17:26):
if your go in you know, like a lottery ticket. Right.
I have no problem with a lottery ticket because everyone
has and knows there's about a one in a billion
chance you're gonna win or worse. And they also know
they know that you're gonna know by Saturday at eight o'clock,
and so the timing and risk tolerance is set. So
most people when they lose the lottery, they're not calling
the news. You know and telling them they got ripped
(17:49):
off because it was aligned. The same thing is true
with Web three. You know, if you don't think about
your timing and risk tolerance, I will guarantee one thing.
Nine nine percent of all Web three companies today are
high risk. So if you believe anybody about anything, if
if it won't bet out, it won't bet out. And
why play the chances at point one percent that you've
(18:12):
got the one company that's not high risk, invest accordingly,
that you are in a situation of high risk, and
invest accordingly, you won't have to vet for very long. Yeah.
I think it's the power of celebrities and TV that
people still absorb their information and truth from television and celebrities,
(18:32):
the back end of like why would a celebrity back
this if it's not real? Yeah, Tom Brady right, or who?
It's got to be real. And I think that's the
best part of what what gets the the average consumer
invested that it must be real. Yeah, and they because
they also, you know, desperate people do stupid things. And
(18:53):
you know, I believe money follows us and when we
try to follow it, we always get into trouble. And
so by doing the right things in the long run money.
We'll follow you by looking for shortcuts. There's one rule
about investing, man, you take a shortcut. If you cut
the line, you're going to the back of the line.
Of the time. There's no shortcut. You want to know
(19:16):
how to make money, study Einstein's rule of seventy two
compound interest, study warm Buffett. Understand your timing, risk tolerance,
and see how money grows the same as behaviors. You
don't get into the NFL by not practicing every single day,
not mindset, heartset, enhanced at every single day. You can't
do it every once in a while. And so if
(19:38):
you're not utilizing the principles of investment every single day,
you will have to go to the back of the line.
But this that I'm telling everyone right now, if you're
gonna best value I can give in this show, is
I promise you one thing. You don't have to vet
any Web three company very long. Just go ahead put
it into the category of high risk, and just know,
here's the percentage that I'm it's a lot e ticket.
(20:00):
So I I love a lot of the tickets. I
think they're fun. And you know, if I love playing
craps in the casino. At the casino, but I have
a limit. I'm like, if five dollars for the night,
if I'm done, I'm done. But it's entertainment. I know
it's high risk, and if I walk with anymore, I'm
happy the same way as I win a lot of
the ticket. I'm happy man today. What else you got
(20:21):
going on? I know you're probably working on a new
book What's happening in the world? Yeah, so, I'm working
on a new book about time and utilizing Time is
a dependent variable for all matter, and this is a
key component to quantify people's improvement, whether or an athlete
and investor, an entrepreneur. I'm trying to make it very simple.
(20:43):
I know that sounded very ethereal, and I use vernacular vocabulary.
Most of our friends are like, what the f is?
They've talked about basically this, I can tell you that
by this book teaching you to look about how much
time am I spending towards what I want or interfering
with what I want? And I give examples of how
we give meaning to what happened to us in the past,
(21:05):
defining moments and flexition points. You're a classic example, right,
you give the right, meaning to the pain of your
past that put you into a trajectory of what you
wanted in the future. Then I go to the present
and I teach people how do I utilize time today?
Only limitation is the twenty four hours we have, So
I teach people to be productive, accessible, and gracious every day,
(21:26):
same thing in a trajectory of what I dream about,
what I think I want. And then finally, in the future,
the unlimited infinite future, how do I get out of
my own way? Time is that variable that says if
I just look at you know, am I eating? How
much time did I spend eating the right things today
to get me to my health working out today? In
that trajectory, how much time did I spend studying today
(21:47):
to get myself into this place? Meditating or surrounding myself
with the right people, or spending time with my kids?
Are those the things that you want? So I think
it's the right time. No pun intended to teach people
how to utilize time as a dependent variable for their
life so that they continue to pursue their own potential.
Quick comparing yourself to other people on the internet, it's
(22:08):
the thief of joy. I want people to live a happy, healthy, wealthy,
worthy life by figuring out what they're doing to interfere
with it, not trying to go get it. David Melsa,
Ladies and gentlemen, make sure you pick up the book. Hey,
before I let you go, I gotta ask you a question.
Would you buy the Commanders? Oh? Yeah, no doubting. I
was not for a billion. But one last thing, I
(22:30):
gotta say that I know we're going over, but I
got it here. If I was rich enough, And this
is what I told Bomber at the two billion, right,
I said, if I didn't give a crap about two
billion dollars or four billion dollars, because I had a
hundred billion, I know that my grandkids are gonna have
something that's worth billions and billions of dollars more than
I paid. So how many investments can you make that
(22:53):
you can guarantee in twenty years is gonna be worth
billions more than it is today? And the reason is
is that the NFL is the greatest reality show of
all time, and there's only a few of these assets available,
and so there's always going to be rich people. In fact,
the trend right now is there's gonna be more rich people,
(23:15):
less middle class, and way more poor people, which just
makes that asset more and more valuable because it is
an asset that can be utilized by poor people, middle
class and the rich. I'd like to own one, no doubt,
even if it didn't vet out properly. I'd figure it
out if I had enough money, but I don't, so
I'm always looking for that small little minority ownership because
(23:36):
I do have enough for that. Awesome. Man, That's how
I thought. You want to understand where you believe that
middle class is going. But we'll hold that one. I
love to come back, and man, I'm so happy. Thank
you for including me. I'm always available for this show
and you absolutely appreciate you. Thank you. Later on I
sat down with Cameron, buying him here's a start, and say,
(23:58):
starting safety with the Minnesota Kends, you will get a
chance to hear some of his financial decisions on how
he's secured the bag. I did this for my legacy.
I got some dogars, cam round draft pick coming out
of Cow, right, yes, sir, coming out of Cow. Now
it says you're on the internet. You signed a deal
(24:19):
four point two million dollars. You received a sign of
bonus of seven hundred and seventeen thousand dollars. What was
the first thing you did with that money? Let's see,
I did a first few things. Uh. I bought the
house my family in Texas, get our residency out of
California for the tax purposes. Uh. Also love it in Texas,
so got a place out there. Obviously, got my car
(24:41):
nothing crazy, got a jeep and my objects. I bought
about pianos. So I bought a piano for the Texas,
my place here in Minnesota, and then also my place
in California. So that's that's probably my biggest my biggest expense, uh,
my fun expense. So let's slow it down. You you
(25:03):
set them out for that. The first thing you did
was body your parents. You said it bought a home right,
so y and bond at home? You said. Obviously this
is not the obvious thing. Most players are not thinking
like that. So where where did that? What did that
type of business? Salvey education? You come from? What made you?
How did you know about home? Um, that's real estate.
Obviously you hear everybody talk about it. Real estates probably
(25:25):
the best investment you can do. And I see that
now just being able to have a place up here
in Minnesota down there in Texas and also California, and
getting out of the California taxes is probably the biggest
thing and the biggest reason in California, because when you're
a resident of a certain state, it's your tax more
um when when you're making certain making dollars in certain places.
(25:48):
So that was the biggest reason I did it out
in Texas, besides for me just liking it out there.
So he's able to do that about that place in
uh Dallas, Texas, and yeah, get out of California. I'm
not mad at you. I'm out here in San Diego
right now, so I'm getting hit over the here with taxes.
I understand that. I'm not gonna lie. Yeah, it's beautiful.
You pay. You're paying for the environment, You're paying for
(26:10):
the weather. That's what you're paying for. I can't lie,
but I mean, yeah, I can't. I can't hate on
California except except the taxes. California's for sure the best
place to live. So shout out to you buying a home.
I wish I would have bought at home. When I
was drafted to Jacksonville Jaguars in two thousand nine. I
stayed at a one bed room apartment. I paid two
thousand dollars a month. It was the sky Rods downtown Berkman,
(26:33):
not too far front the facility. Uh yeah, and and
and that had an opportunity to buy it. And it
was only he did do was just needed to get
off his hands. It was a condo. It was he
wanted to sell it at ninety nine thousand dollars. I
didn't understand, um, that I should have bought it until
years later I realized I made a bad decision. However,
that's what he said. It's not obvious. We were told
(26:56):
that you're very philanthropically driven. Tell us a little bit
of out what that means to you. Yep. So that's everything,
just being able to serve um me, especially with my faith.
Um that's the biggest thing that I make sure that
before I do anything and um get all this money
and football, make sure that I'm doing something to give
back to doing something bigger than myself. So um me,
(27:18):
I'm half Filipino, half black, so uh me able to
go back to the Philippines and do work out there.
That's my passion right now that I've really fell in
love with especially going there after this first after my
rookie season, I was able to go there for the
first time and be able to give back there and
really see how grateful the kids were for us. We
(27:39):
didn't we weren't even able to raise that much money,
but the little that we were able to do for
everyone out there, from the typhoon victims and just everything
the poverty. Seeing all that was a wake up call
to me like we could really help and change the world,
especially in my my family's country and the Philippines, and
just fell in love with be able to do that
and serve people out there. Oh, so when you did
(28:01):
your work in the Philippines, how much money were you
able to raise? Um? Total? We got twenty thousands, so
I donated ten thousand of my own. We got a
grant from a an organization called care They donated five
thousand towards the cause. Then we were able to raise
five thousand UM on the side just from people donating
(28:24):
from to the go fund me, So it wasn't that
much money, but twenty and the Philippines, we're able to
help thousands of people, so we're able to do We
did three different outreaches out there over a whole week,
and we're able to feed a bunch of families of
typhoon victims, people that literally lost their homes, lost the
entire neighborhoods were wiped out from the typhoons. Coming out
(28:47):
of Cow. Now, in college, did you participate in any
type of n r L. No, you missed the boat
missed it. Uh, kind of, I'm kind of glad I
did it. I wasn't there for it because that was
like the true season of like you know, you pictured
Juko ball, like everybody just getting it out the mud.
(29:07):
That's what it felt like in college because especially in
the Bay Area, our stipend wasn't that much, so all
of our money went went straight towards the rent because
our rent was crazy, so I really only was able
to pocket like two dollars a month from our stipend.
So it really felt like we're getting out the mud.
But part of me was that was low key fun,
like just the grind of Okay, I have to go
(29:30):
to the league because I'm not trying to live like
this forever. So that mentally it was I'm kind of
glad that it really built something in me that really
has to grind, So I couldn't imagine being in college
making million dollars off n I L. And I feel
like human nature, some people's brining might not be as
as as heavy if they were making that much money
in college, because then there'll be no point to go
(29:51):
to the league. But I'm happy for the dudes getting
it down because we should have we should have been
getting paid. Oh yeah, yeah, you know, that's an interesting
take though, and I guess I've really never thought about
it that way. But yeah, that's very true that some
people obviously not speaking about all, but some people could
lose that that dog, that hunger because they're getting fed
and uh and it could wear off quicker than you need.
(30:13):
So yeah, that's an interesting point. I've never heard anybody's
share yet about n I L because it's pros and
cons that we had on the show. Uh Tim Brown,
Hall of Famer, uh In Heisman, Heisman winner, he did it,
he did it. He was an elite at every single level.
And he also suggested that n I L could cause
trouble inside of the locker room as well of you know,
(30:35):
guys arguing, bickering who's worth what, how much they're getting,
how much they're getting and then it creates this ego
and before you know it, team starts to disintegrate. So, um,
do you think that that could be, um, you know,
an issue with with certain people with n r L
getting paid the locker room, so that that locker ken
(30:57):
ken n I L Paul's tension in the locker rooms.
I mean, it could, but I don't think it really would.
I don't think it's a concern though. Most people like
being in the NFL. Now you've got high contract people
that are making twenty million year and you got rookies
in first year people making six hundred thousand before taxes,
(31:19):
so and but at the end of the day, nobody's
pocket watching and nobody's really like, okay, jealous whatever. Obviously
it's the NFL. You know, people are gonna be making money.
But in college, I feel like people might, you might
be jealous, but it's not gonna ruin the whole team's culture.
And I feel like if you're really you're kind of
you're you're a weird or if you're tripping off for
(31:39):
somebody else's money, really like that that's on you. If
you're really hurt and you're messing up the whole team,
chemistry if you're you're mad about somebody making money, because
if you're not bawling, then you can't expect to get
a lot of money. And it's like it's reality, that's life, right.
It's the same thing in the league. You know, the
best players get pay the most exactly, and it's preparing
(32:02):
you for for the NFL. I believe in. And if
you can't handle that in college, and wait till you
get in the NFL, and you've got people making twenty
times more money than you and before a reason. If
they've done something, you have it right. And they don't
have to practice as hard as you either exactly exactly
(32:23):
practice all week until the game, but they're making Yeah,
that's your soul. Man. Well, we appreciate you jumping on
the bag and again wish you the most success with
your career. And when it comes for for me to
look for it, when it comes time for me to
look for a home in Texas, I'll make sure I'll
hit you up. And your parents in the business let
me know by my career I got you. Yes, I
(32:47):
appreciate you. Alright. That wraps up another episode of The Bag.
Shout out to Sports Illustrated and our Heart Radio making
this possible. Make sure you tune in subscribe on all
channels and all platforms where you consume the podcast, because
we have some amazing guests coming on next that's you,
Next Time Great
Never lover. I bet another one who bag and back
on my legacy. Alright, guys, welcome back to another episode
of The Bag, brought to you by Sports Illustrated and
(00:22):
I Heart Radio. I'm your co host for Sean Jennen's
and my beautiful co host, Lendsay McCormick cannot be with
us today, so I have a handsome man over here
by the name of David Melts. Appreciate your feeling in
how you doing today. I'm good man. I'm gonna up
the audio game. But of course it's a complete uh
depreciation individuals. So I'm a big fan of Lindsay's and uh,
(00:45):
I will try my best to make sure that my
content will overcome the face for radio that you're looking
at right now. Let's get straight into this. Dan Snyder
bought the Washington rail Scans in nineteen and for eight
hundred million dollars, and with all allegations going on, he's
having to sell it, and he's selling it for a
magical number of eight billion dollars. And to give the
(01:07):
reference points, um, the New York Mets Soul at two
point four billion dollars in two thousand twenty one, the
Carolina Panthers soul at two point two billion dollars to
two thousand nineteen. In the Brooklyn Nets soul for two
point three billion dollars to two thousand nineteen. So just
a few months ago, um the never Bronco soul for
(01:28):
four point six billion dollars. So we see the number
gradually increasing. But now that's a magnificent jump to eight
billion dollars that the Washington Commanders are up for sale.
Do you think that number is outrageous or is it
right on point? I think it's a little bit high.
But who am I to say when you have such
a limited commodity, a limited asset that is directly attributed
(01:52):
to the richest people on earth, and so as you
have more of the richest people on Earth into the
hundreds of billions of dollars. Uh, it's an ego purchase
that eventually has always been determined to meet or exceed
its value. And people thought, you know, my friend over
(02:12):
here in l A was crazy for buying the Clippers
for two billion when he did. Uh, And I will
tell you that as outrageous as eight billion dollars, that
seems a little bit high. I am not so sure.
There may not be some multibillionaire whose ego uh and
his longevity of perspective value can easily justify eight billion dollars.
(02:38):
Believe it. I think the biggest detriment Rashot is you
and I both know the game very well. We know
the business of the game very well. There's a lot
of legal baggage that would interfere with the security of
such a purchase. So as much as we can go
ahead and speculate on the price, the biggest problem will
be whether it's four point seven billion, seven billion or
(03:00):
eight billion. The problem is through due diligence of a
multibillion dollar acquisition. There's so much nasty dirt in this
deal that I think that's what's going to be the
biggest inhibitor for the sale of the team at any price,
let alone eight billion dollars. Yeah, with that kind of number,
is is eye opening. And so you know, we just
(03:23):
actually saw what's what I just went for forty four
billion dollars right, And you know it was funny to see.
Actually Elam was coming there with the sink saying, let
that sink in. I'm still trying to sink this in. Um,
so you got you got some You've got some big
key players and Jeff Bezo, Jay Z Coming, Durant, Matthew McConaughey,
just to name a few names that have been out
(03:44):
there in the pool of potentially bidding. I'm curious on
your thoughts that if Jeff Bezo byz Um, Jeff Bezo
owns the licensing rights to Thursday Night Football, he as
the owner of the Washington Post and then possibly being
the owner of the Washington Commanders. It seems like he's
(04:04):
really heavily invested in football. Uh. Do you think that
will tilt his power to make decisions over what the
game looks like? I absolutely do. But I also think
that there's older owning owners the Hunt family, the Rooney family,
the Jones family h that also have a great influence
(04:25):
uh throughout history of the game. And you'll find that
although he has some special interests involved, that they're probably
for the betterment of the entire league. Um. And I
think some of the owners are going to see it
as a considerable value to have him in the league,
and of course other owners that may have a more
(04:46):
egotistical priority or power uh play themselves, may see him
as a threat. I think overall, it won't be uh
something that will get in the way of his purchase.
I think his purchase. The difficulty, once again will be
when the emails unravel. You know this, this runs deep
(05:07):
for decades. Uh In Dan Snyder has to sell for
a reason, and we don't know all the reasons. But
I've been around this game a long time, and if
one tenth of the stories that I've heard are true
one tenth, it's gonna be a difficult sale. In the
due diligence process for someone to take on, there would
have to be some sort of indemnification that would be
(05:30):
offered with the purchase of it, and I'm not sure
Dan Snyder is willing to do that either. Out of
a eight billion dollar contract, right a deal? What percentage
would you say, are an attorney fees, in search charges
and like the little minute details that won't make mainstream
TV at all. We're always looking about twelve percent, you know,
(05:54):
twelve percent. But you know, so if you're looking, you know,
into eight billion dollars, it's it's a lot. Uh So,
you know, you could be up to nineties six to
a hundred million dollars of eight billion dollars in some
sort of fees attorneys especially, there's a lot of due
diligence that has to go on, especially with what's going
(06:15):
on with the pending litigation, with the pending UH types
of accusations that we don't know all of the accusations.
I've heard of some and I'm not at liberty to
you know, and hearsay that to say, but I know
it delves all the way back to John Gruden, you know,
losing his job. You know, there's so many things that
(06:36):
have been attached to Dan Snyder and you know these
this information comes from you know, different owners and different
minority owners in the league that are at in our
privilege to know certain circumstances. So uh, I would say
it's gonna be around eighty to a hundred million dollars
in those fees, which is far greater than you and
I paid when we bought our families. I bought my
(06:58):
mom like meeting similar backgrounds, right, we wanted to get
back and I thought, you know, six to seven percent
was outrageous. When when I bought my mom her first
house for I'm older than you, so it was a
hundred and sixty one thousand, and I remember my mom
asking me why in what world would I spend three
hundred thousand dollars on a house for myself? Uh? You know,
like that was millions back then. So we laughed now
(07:22):
at those fees. That's funny, man. And now this is
I do have to ask you a question. I'd be
remiss if I didn't. It's a philosophical question, but I
want to look at it from a business standpoint. So
Dan Snyder owns the Washington Commanders, but he's being forced
to sell it. But then the question would be, doesn't
(07:44):
really own it? When it comes to business, what does
it mean to own something? Yeah, So in that respect,
ownership is something that you can either liquidate, borrow again,
all determined. But in the end, what really determines ownership
is your liability, right liability, because we can always determine
(08:09):
later on the distribution, division, the taxing, all types of
different opportunities, But it's really about when I own something,
I own the responsibility for the liability for it. Um
And as you had stated, there's many different things that
happened through liquidation, but I usually have the controlling decision
(08:30):
of what to do with the asset, meaning I can
uh go ahead and make the final decision because remember,
he's being asked to sell it. He can fight it
air quote correct. So um, you know, and I was
it's funny because I was a liner and a lot
of people, you know, we were talking about Reggie Bush
(08:51):
and the Wendy's commercials with the with the heisman, which
I find really funny. You know, he he was never
forced to give the heisman back. He was asked. And
so you know, do you want to go through the
pain of you know, not doing what you're asked when
doing what you're asked is going to give you, you know,
upwards of seven billion dollars of profit or let's just
(09:12):
say it's a bad day and it's five billion dollars
of profit. You know, sometimes the ask is not as
unreasonable as it sounds, right, Yeah, And I relate that
to playing football. Um, you know a lot of coaches
will say the that O T A s are air
quote optional. Literally, Um, you know, by contract they are optional.
(09:32):
But you know, options in your opinions don't come without consequences,
nor do actions quite often. So yeah, it's that's why
I say air quote. Yeah, you're smart. Um, you're moving
on a little bit to to crypto how heavy. Are
you involved in crypto? Well, I've always only utilized since
(09:53):
I lost over a hundred million dollars as you know
back in two thousand and eight, I've predetermined percentage wise
buying going my timing and risk tolerance. UH, and I
saw crypto is a high risk opportunity, and so I
put a small percentage into crypto, working with companies some
(10:13):
that have heavily failed. By the way, one thing I
did know about crypto and n f t S is
I only looked at the capability, not the collectibility, right I.
I have been through the Internet boom. I've been in
Web one, Web two, and now Web three. And Web
one still exist, but the companies on around Web two
still exist and they're trillions of dollars in it, But
(10:37):
of the companies are not around. Web three ten years
from now will exist. But of these companies aren't gonna
be around. And usually the ones with the most hype
and the most money, the most perceived air quote value
are definitely not going to be around. And we see
that with f TX, and we see the same manipulation
(10:57):
when people get billions of dollars of valuation and UH
that it seems almost unbelievable that money goes missing, money
is misappropriated. It's almost unbelievable that it's three coming up,
and that you know, the same shady ship excuse my language,
still exists, that they had thousands of years ago trading
pigs and goats. So break sit down. When you said
(11:21):
Web two, one, two and three, what are those tears? Yeah,
so the Internet was Web one is when I got involved.
That's how I made my first money. But you know,
even Justice Scalia, the Supreme Court, I sold legal research online.
We exited for three point four billion dollars in ninety five.
Justice Schalia just before that told me nobody will ever
do research on the Internet. You need books. So we
(11:45):
Web one is the internet to Web two is the
mobile side of things, the apps, etcetera. Web two exists,
but most of those companies don't that we're at the
inception of mobile and Web two. I was the CEO
of Samsung's phone division before Lee Steinberg. In fact, most
people ask me how did I get the job running
the most notable sports agency. It was because I was
(12:06):
the only guy who had the same background as everyone else.
But I was in technology for a decade and Lee
saw the future of sports and technology, which we're experienced
today ironically, right, look at all the conversations are really
about technology, media, digital rights. I p uh, it's incredible
and it's only gonna get better and better for athletes, leagues, organizations.
(12:28):
And then finally Web three UH is blockchain and so
taking the democratizing, fractionalizing ownership of properties. And you'll see
this into ownership someday. You know how Green Bay is
a publicly owned entity. There will be a fractionalized ownership
of a team someday and will probably be when it
kits about fifty billion dollar valuation that people will be
(12:50):
able to buy a hundred dollar unit. Uh and you know,
keep it track it liquidated. That's crazy, It's really crazy
to me. I'm still trying to grasp the web three
as you call it. UHM. With with f t X,
what are your thoughts there, because the scene it seems
they have covertly channel ten billion dollars in customer funds
(13:12):
to trading companies, which all which also happens to be
owned by the owner of f t X. Which the
main issue isn't the transfer of money. The issue is
approximately one point billion dollars seems to be on accounted
for um and with that news coming out, a lot
of people pulling out of f t X and going
they they file for bankruptcy. And I'm I'm curious you
(13:34):
thoughts on that and what that relates to a sports
as we know, Uh, the f t X arena with Miami,
you know, it's for the crypto teems to have inserted
itself through the lens of athletes, which then you know,
barred that into the world a little bit more. So,
I'm curious what your thoughts are one on f t
(13:56):
X and how that relates to sports. Yeah, so number
one on f t X right, Uh there, I think
missing about one point six five billion dollars and people
are going to go to jail and they're bankrupt. When
you have what's called a pre chasm company. And when
I say pre chasm, it's when people like you and
I are trying to get a feel for what is
(14:16):
f t X and what is crypto? What is web three,
what is an n f T How is this all
gonna work? But through the Silicon Valley they're able to
raise billions of dollars and build hype so that people
in just like in the gold Rush, come rushing out
buying without knowing their timing and risk tolerants, and spend
(14:37):
their hard earned savings on things like that. And then
what's worse for sports, and how f t X relates
to sports is when you get a pre chasm company
with a lot of perceived value, when you have billions
of dollars of valuation, and the evaluation of ft X
at one time was over thirty billion dollars. That's the valuation,
so people thought on paper. And when you talk about
(14:59):
Tom Brady having six million dollars in crypto, he probably
did only because he invested so early, and you know
it's liquid. I lost over a hundred million dollars, but
it wasn't all in my bank account. It was in
real estate and all these other liquid assets. So here
now what happens. It's a trickle down failure of the
(15:19):
trickle down theory of failure. So you have a company
as a thirty billion dollar valuation and has all this cash.
They want to continue the hype, so they put it
onto arenas, they put it onto Super Bowl commercials, they
put it onto all these things, and they spend money frivolously,
not their money, by the way, and guess who gets
hurt the consumer in two different ways. One the ones
(15:42):
that invested in it, but worst the ones that are
paying the ticket prices, the media prices, all those things.
Because who's going to end up having to cover the
losses for the arenas, the league's, the organizations, and the
commercial debt that is out there, the consumer, the fan
and so in the end we will see this again.
(16:02):
We saw it as you mentioned web to hand Web
one company. I don't know when you were a boy,
before you you made the Super Bowl, brother, there was
so many dot com commercials of companies that I don't
remember their names that were paying and the people thought
they were crazy. A million dollars for thirty seconds. Uh,
and you know that won't even buy you a placement
(16:24):
at the Super Bowl for a commercial. But we once
again saw that with Web three companies during this Super Bowl,
A ton of companies that you still haven't even heard
of and probably won't be around in a month or two.
You know what you've been in You've been in business
for a long time, Like you mentioned, you've lost over
a hundred million dollars and and so what what kind
(16:44):
of what kind of advice would you give for somebody's
trying to get into the web three world? How do
you vet all of this information when obviously everybody is
trying to sell you that their money is well spent
with their company. Yeah, so number one, you need to
determine your own timing and risk tolerance. That was the
biggest lesson I learned from losing everything. I trusted people,
(17:05):
but I didn't know my own timing and risk tolerance,
and I didn't vet accordingly to my timing and risk tolerance.
Because I think once you have a perspective of Okay,
I'm gonna invest one percent, two percent or ten percent
into something that's high risk, then it doesn't take you
long to vet something to determine whether it's high risk
(17:26):
if your go in you know, like a lottery ticket. Right.
I have no problem with a lottery ticket because everyone
has and knows there's about a one in a billion
chance you're gonna win or worse. And they also know
they know that you're gonna know by Saturday at eight o'clock,
and so the timing and risk tolerance is set. So
most people when they lose the lottery, they're not calling
the news. You know and telling them they got ripped
(17:49):
off because it was aligned. The same thing is true
with Web three. You know, if you don't think about
your timing and risk tolerance, I will guarantee one thing.
Nine nine percent of all Web three companies today are
high risk. So if you believe anybody about anything, if
if it won't bet out, it won't bet out. And
why play the chances at point one percent that you've
(18:12):
got the one company that's not high risk, invest accordingly,
that you are in a situation of high risk, and
invest accordingly, you won't have to vet for very long. Yeah.
I think it's the power of celebrities and TV that
people still absorb their information and truth from television and celebrities,
(18:32):
the back end of like why would a celebrity back
this if it's not real? Yeah, Tom Brady right, or who?
It's got to be real. And I think that's the
best part of what what gets the the average consumer
invested that it must be real. Yeah, and they because
they also, you know, desperate people do stupid things. And
(18:53):
you know, I believe money follows us and when we
try to follow it, we always get into trouble. And
so by doing the right things in the long run money.
We'll follow you by looking for shortcuts. There's one rule
about investing, man, you take a shortcut. If you cut
the line, you're going to the back of the line.
Of the time. There's no shortcut. You want to know
(19:16):
how to make money, study Einstein's rule of seventy two
compound interest, study warm Buffett. Understand your timing, risk tolerance,
and see how money grows the same as behaviors. You
don't get into the NFL by not practicing every single day,
not mindset, heartset, enhanced at every single day. You can't
do it every once in a while. And so if
(19:38):
you're not utilizing the principles of investment every single day,
you will have to go to the back of the line.
But this that I'm telling everyone right now, if you're
gonna best value I can give in this show, is
I promise you one thing. You don't have to vet
any Web three company very long. Just go ahead put
it into the category of high risk, and just know,
here's the percentage that I'm it's a lot e ticket.
(20:00):
So I I love a lot of the tickets. I
think they're fun. And you know, if I love playing
craps in the casino. At the casino, but I have
a limit. I'm like, if five dollars for the night,
if I'm done, I'm done. But it's entertainment. I know
it's high risk, and if I walk with anymore, I'm
happy the same way as I win a lot of
the ticket. I'm happy man today. What else you got
(20:21):
going on? I know you're probably working on a new
book What's happening in the world? Yeah, so, I'm working
on a new book about time and utilizing Time is
a dependent variable for all matter, and this is a
key component to quantify people's improvement, whether or an athlete
and investor, an entrepreneur. I'm trying to make it very simple.
(20:43):
I know that sounded very ethereal, and I use vernacular vocabulary.
Most of our friends are like, what the f is?
They've talked about basically this, I can tell you that
by this book teaching you to look about how much
time am I spending towards what I want or interfering
with what I want? And I give examples of how
we give meaning to what happened to us in the past,
(21:05):
defining moments and flexition points. You're a classic example, right,
you give the right, meaning to the pain of your
past that put you into a trajectory of what you
wanted in the future. Then I go to the present
and I teach people how do I utilize time today?
Only limitation is the twenty four hours we have, So
I teach people to be productive, accessible, and gracious every day,
(21:26):
same thing in a trajectory of what I dream about,
what I think I want. And then finally, in the future,
the unlimited infinite future, how do I get out of
my own way? Time is that variable that says if
I just look at you know, am I eating? How
much time did I spend eating the right things today
to get me to my health working out today? In
that trajectory, how much time did I spend studying today
(21:47):
to get myself into this place? Meditating or surrounding myself
with the right people, or spending time with my kids?
Are those the things that you want? So I think
it's the right time. No pun intended to teach people
how to utilize time as a dependent variable for their
life so that they continue to pursue their own potential.
Quick comparing yourself to other people on the internet, it's
(22:08):
the thief of joy. I want people to live a happy, healthy, wealthy,
worthy life by figuring out what they're doing to interfere
with it, not trying to go get it. David Melsa,
Ladies and gentlemen, make sure you pick up the book. Hey,
before I let you go, I gotta ask you a question.
Would you buy the Commanders? Oh? Yeah, no doubting. I
was not for a billion. But one last thing, I
(22:30):
gotta say that I know we're going over, but I
got it here. If I was rich enough, And this
is what I told Bomber at the two billion, right,
I said, if I didn't give a crap about two
billion dollars or four billion dollars, because I had a
hundred billion, I know that my grandkids are gonna have
something that's worth billions and billions of dollars more than
I paid. So how many investments can you make that
(22:53):
you can guarantee in twenty years is gonna be worth
billions more than it is today? And the reason is
is that the NFL is the greatest reality show of
all time, and there's only a few of these assets available,
and so there's always going to be rich people. In fact,
the trend right now is there's gonna be more rich people,
(23:15):
less middle class, and way more poor people, which just
makes that asset more and more valuable because it is
an asset that can be utilized by poor people, middle
class and the rich. I'd like to own one, no doubt,
even if it didn't vet out properly. I'd figure it
out if I had enough money, but I don't, so
I'm always looking for that small little minority ownership because
(23:36):
I do have enough for that. Awesome. Man, That's how
I thought. You want to understand where you believe that
middle class is going. But we'll hold that one. I
love to come back, and man, I'm so happy. Thank
you for including me. I'm always available for this show
and you absolutely appreciate you. Thank you. Later on I
sat down with Cameron, buying him here's a start, and say,
(23:58):
starting safety with the Minnesota Kends, you will get a
chance to hear some of his financial decisions on how
he's secured the bag. I did this for my legacy.
I got some dogars, cam round draft pick coming out
of Cow, right, yes, sir, coming out of Cow. Now
it says you're on the internet. You signed a deal
(24:19):
four point two million dollars. You received a sign of
bonus of seven hundred and seventeen thousand dollars. What was
the first thing you did with that money? Let's see,
I did a first few things. Uh. I bought the
house my family in Texas, get our residency out of
California for the tax purposes. Uh. Also love it in Texas,
so got a place out there. Obviously, got my car
(24:41):
nothing crazy, got a jeep and my objects. I bought
about pianos. So I bought a piano for the Texas,
my place here in Minnesota, and then also my place
in California. So that's that's probably my biggest my biggest expense, uh,
my fun expense. So let's slow it down. You you
(25:03):
set them out for that. The first thing you did
was body your parents. You said it bought a home right,
so y and bond at home? You said. Obviously this
is not the obvious thing. Most players are not thinking
like that. So where where did that? What did that
type of business? Salvey education? You come from? What made you?
How did you know about home? Um, that's real estate.
Obviously you hear everybody talk about it. Real estates probably
(25:25):
the best investment you can do. And I see that
now just being able to have a place up here
in Minnesota down there in Texas and also California, and
getting out of the California taxes is probably the biggest
thing and the biggest reason in California, because when you're
a resident of a certain state, it's your tax more
um when when you're making certain making dollars in certain places.
(25:48):
So that was the biggest reason I did it out
in Texas, besides for me just liking it out there.
So he's able to do that about that place in
uh Dallas, Texas, and yeah, get out of California. I'm
not mad at you. I'm out here in San Diego
right now, so I'm getting hit over the here with taxes.
I understand that. I'm not gonna lie. Yeah, it's beautiful.
You pay. You're paying for the environment, You're paying for
(26:10):
the weather. That's what you're paying for. I can't lie,
but I mean, yeah, I can't. I can't hate on
California except except the taxes. California's for sure the best
place to live. So shout out to you buying a home.
I wish I would have bought at home. When I
was drafted to Jacksonville Jaguars in two thousand nine. I
stayed at a one bed room apartment. I paid two
thousand dollars a month. It was the sky Rods downtown Berkman,
(26:33):
not too far front the facility. Uh yeah, and and
and that had an opportunity to buy it. And it
was only he did do was just needed to get
off his hands. It was a condo. It was he
wanted to sell it at ninety nine thousand dollars. I
didn't understand, um, that I should have bought it until
years later I realized I made a bad decision. However,
that's what he said. It's not obvious. We were told
(26:56):
that you're very philanthropically driven. Tell us a little bit
of out what that means to you. Yep. So that's everything,
just being able to serve um me, especially with my faith.
Um that's the biggest thing that I make sure that
before I do anything and um get all this money
and football, make sure that I'm doing something to give
back to doing something bigger than myself. So um me,
(27:18):
I'm half Filipino, half black, so uh me able to
go back to the Philippines and do work out there.
That's my passion right now that I've really fell in
love with especially going there after this first after my
rookie season, I was able to go there for the
first time and be able to give back there and
really see how grateful the kids were for us. We
(27:39):
didn't we weren't even able to raise that much money,
but the little that we were able to do for
everyone out there, from the typhoon victims and just everything
the poverty. Seeing all that was a wake up call
to me like we could really help and change the world,
especially in my my family's country and the Philippines, and
just fell in love with be able to do that
and serve people out there. Oh, so when you did
(28:01):
your work in the Philippines, how much money were you
able to raise? Um? Total? We got twenty thousands, so
I donated ten thousand of my own. We got a
grant from a an organization called care They donated five
thousand towards the cause. Then we were able to raise
five thousand UM on the side just from people donating
(28:24):
from to the go fund me, So it wasn't that
much money, but twenty and the Philippines, we're able to
help thousands of people, so we're able to do We
did three different outreaches out there over a whole week,
and we're able to feed a bunch of families of
typhoon victims, people that literally lost their homes, lost the
entire neighborhoods were wiped out from the typhoons. Coming out
(28:47):
of Cow. Now, in college, did you participate in any
type of n r L. No, you missed the boat
missed it. Uh, kind of, I'm kind of glad I
did it. I wasn't there for it because that was
like the true season of like you know, you pictured
Juko ball, like everybody just getting it out the mud.
(29:07):
That's what it felt like in college because especially in
the Bay Area, our stipend wasn't that much, so all
of our money went went straight towards the rent because
our rent was crazy, so I really only was able
to pocket like two dollars a month from our stipend.
So it really felt like we're getting out the mud.
But part of me was that was low key fun,
like just the grind of Okay, I have to go
(29:30):
to the league because I'm not trying to live like
this forever. So that mentally it was I'm kind of
glad that it really built something in me that really
has to grind, So I couldn't imagine being in college
making million dollars off n I L. And I feel
like human nature, some people's brining might not be as
as as heavy if they were making that much money
in college, because then there'll be no point to go
(29:51):
to the league. But I'm happy for the dudes getting
it down because we should have we should have been
getting paid. Oh yeah, yeah, you know, that's an interesting
take though, and I guess I've really never thought about
it that way. But yeah, that's very true that some
people obviously not speaking about all, but some people could
lose that that dog, that hunger because they're getting fed
and uh and it could wear off quicker than you need.
(30:13):
So yeah, that's an interesting point. I've never heard anybody's
share yet about n I L because it's pros and
cons that we had on the show. Uh Tim Brown,
Hall of Famer, uh In Heisman, Heisman winner, he did it,
he did it. He was an elite at every single level.
And he also suggested that n I L could cause
trouble inside of the locker room as well of you know,
(30:35):
guys arguing, bickering who's worth what, how much they're getting,
how much they're getting and then it creates this ego
and before you know it, team starts to disintegrate. So, um,
do you think that that could be, um, you know,
an issue with with certain people with n r L
getting paid the locker room, so that that locker ken
(30:57):
ken n I L Paul's tension in the locker rooms.
I mean, it could, but I don't think it really would.
I don't think it's a concern though. Most people like
being in the NFL. Now you've got high contract people
that are making twenty million year and you got rookies
in first year people making six hundred thousand before taxes,
(31:19):
so and but at the end of the day, nobody's
pocket watching and nobody's really like, okay, jealous whatever. Obviously
it's the NFL. You know, people are gonna be making money.
But in college, I feel like people might, you might
be jealous, but it's not gonna ruin the whole team's culture.
And I feel like if you're really you're kind of
you're you're a weird or if you're tripping off for
(31:39):
somebody else's money, really like that that's on you. If
you're really hurt and you're messing up the whole team,
chemistry if you're you're mad about somebody making money, because
if you're not bawling, then you can't expect to get
a lot of money. And it's like it's reality, that's life, right.
It's the same thing in the league. You know, the
best players get pay the most exactly, and it's preparing
(32:02):
you for for the NFL. I believe in. And if
you can't handle that in college, and wait till you
get in the NFL, and you've got people making twenty
times more money than you and before a reason. If
they've done something, you have it right. And they don't
have to practice as hard as you either exactly exactly
(32:23):
practice all week until the game, but they're making Yeah,
that's your soul. Man. Well, we appreciate you jumping on
the bag and again wish you the most success with
your career. And when it comes for for me to
look for it, when it comes time for me to
look for a home in Texas, I'll make sure I'll
hit you up. And your parents in the business let
me know by my career I got you. Yes, I
(32:47):
appreciate you. Alright. That wraps up another episode of The Bag.
Shout out to Sports Illustrated and our Heart Radio making
this possible. Make sure you tune in subscribe on all
channels and all platforms where you consume the podcast, because
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