July 11, 2024 • 11 mins
Hour 2 of Thursday's program begins with Craig and Cam discussing the Billion Dollar Lawsuit over the NFL's Sunday Ticket product. The NFL was ordered to pay $4.7 billion in damages to the residential class (people like Craig) and another $96 million to the commerical class of a class action lawsuit. Roger Goodell said the league is committed to "following the litigation all the way".
Craig and Cam talk about the implications of the lawsuit.
Craig and Cam talk about the implications of the lawsuit.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:03):
He's a Texas legend, a Hallof Fame broadcaster, the voice of the
Texas Longhorns, and your host ofthe Craigway Show. Here he is now
Craig Way talking about baseball and basketball. Nurse to get to and we will
(00:31):
hear a few minutes, but Iwanted to stroll off to a minute,
and uh, this is pretty funny. Actually this is kind. Roger Goodell
did an interview this morning with cNBC. Uh and and you know,
(00:58):
people are really into the policeolitical landscape. MSNBC is obviously their their main network,
and that's where they go to seeRachel Maddow. That's where they go
to see you know, some manyother the political base where CNBC has some
different topics and subjects and interviews andthings like that, and the and Roger
(01:19):
Goodell on now. They had Goodellon in discussing the state of the National
Football League and everything, but theyalso asked him about that decision from the
Los Angeles jury last month, whichordered the NFL to pay four point seven
(01:44):
billion dollars in damages to that residentialclass and another ninety six million to the
commercial class of that class action lawsuitthat accused the League of violating any trust
laws and distribute out of market Sundayafternoon games with Sunday Ticket, the league
(02:05):
could be liable for a total offourteen billion, three one hundred and ninety
million dollars because the damages would betripled under federal anti trust laws if it
goes at Obviously, the NFL isgoing to is in the process of appealing
to this, he said to CNBC, and I quote, this is really
going to shock you. We obviouslydisagree with the jury verdict and we are
(02:30):
committed obviously to following the legal process. It's a long process and we're aware
of that, but we feel verystrongling about our position, our policies,
particularly on media. We make oursport available to the broadest possible audience.
Sunday Ticket is just a complementary product. We're committed to following the litigation all
(02:52):
the way and making sure that weget this right end quote. Now,
the next step is going to bea post trial motion hearing at the this
month. The NFL will ask JudgePhilip Gudieris to set aside the verdict.
If the verdict is not set aside, the NFL says it will appeal to
the ninth US Circuit Court, anda petition to the US Supreme Court could
(03:15):
follow. Meanwhile, Dell talked aboutsome other things, and this is something
you had brought up, Kim.He expressed optimism that NFL owners will agree
They will agree to change league policyto allow private equity ownership of its teams
(03:37):
by the end of twenty twenty four. If that happens, the league will
likely cap investments at ten percent perteam. A committee's been working on the
details since September. His quote onthis was, and I quote, We've
had a tremendous amount of interest,and we believe that this could make sense
for us in a limited fashion,probably no more than ten percent of a
(03:58):
team, but that could be sosomething that we think could complement our ownership
and support our ownership policies. Wethink we're moving in a very positive direction
and hopefully could have something by theend of the year end. Quote.
For those of you who are notquite up to speed on that, there
have been supports leagues who have beeninvestigating private equity options in recent years as
(04:21):
franchise values grows and the pool forindividual team ownership shrinks. But of course,
the largest private equity thing here iswith the Saludi investment. FUM,
we move off what we're seeing therenow before folks get too worked up and
say, hey, the Boston Celticsmay be bought by a group of Saldi's
or whatever that was coming up onthe NBA side. I don't know that
(04:44):
it would get to that, justlike what they're saying here, what Godell
is talking about is no more thana ten percent stake if they're involved in
this, a ten percent. Butit did get me thinking the other part
of this. Cam you asked mebecause you that I was an NFL Sunday
ticket subscriber from nineteen ninety eight fromthe time I bought my house in Cedar
(05:09):
Park through the twenty twenty two season. I paid I remember it was the
first time I got it nineteen ninetyI think it was one hundred ninety nine
dollars. And I think the lasttime I got it, I think I
got an early subscriber rate at threesixty nine. Wow, I think it
(05:32):
was. I did not subscribe lastyear because I didn't want to go to
YouTube TV route. I had directTV, so it was easy. I
didn't want to do that. Ikind of looked into it and then I
was like, nah, I'm notgoing to do it. And I will
be honest with you, I didn'tmiss out on a lot of it.
(05:54):
I did keep up a lot bywatching Red Zone because I have that as
part of my subscription. Anyway,I will tell you this, it drove
my wife crazy. And Linda,much to my amazement and and happy surprise,
was really into the Sunday ticket watchingwhen we were doing that, and
(06:15):
we could switch games, but wewere switching on our terms when we wanted
to cut if the Rams game isat a commercial break and we switched over
the Cowboys and we switched over toChiefs Bengals or whatever we would do that.
Watching Red Zone just makes her crazybecause she didn't like it because it
just it's she said, I can't, I can't settle in to be comfortable
(06:39):
watching the game, and boom,Scott what's his name takes you to another
game. See, I like redZone? Well, you and I are
used to the kind of thing,and and I was kind of used to
it as well. She was.She wasn't on board with that, but
she did like Sunday Ticket. Shedid like Sunday NFL Sunday Ticket and I
liked to do, and that Iwas willing to pay for it the way
(06:59):
it went, I let me justsay this, I completely understand the class
action lawsuit. People frustrated and thisand that I get it. I completely
understand. I will also tell youmy mindset back in nineteen ninety eight,
and the Rams were still bad inninety eight. It was the next year,
ninety nine with Kurt Warner coming fromnowhere and they won the Super Bowl
(07:21):
whatever. That really kind of lockedme in. But I thought it would
just try this thing back in ninetyeight. It didn't seem like an unfair
price to me to pay to watchmy team because we're already used to doing
that with Major League Baseball in theNBA and HL for those who are in
(07:42):
that. I had that for alittle while, so it didn't seem unreasonable
to me. It did seem unreasonableto me when they went to YouTube TV
and I said I'm out. Soit's got me thinking because you asked me
if I get the piece of theaction here on this deal. Mm hmm,
it could be right. I don'tknow, you know, you get
(08:03):
I don't know. I don't knowif anybody else gets this, But I
get stuff in the mail all thetime about class action lawsuits. It could
be against like a toothpaste company,or a Hamburger or a clothing manufacturer like
you want to join in this life. I've never gotten anything about a class
(08:26):
action lawsuit involving direct or not directTV, but involving NFL Sindy Ticket.
So I don't know that I'm goingto get anything anyway, even if it
happens. I don't know that I'mgetting a piece of that four point seven
a billion that'll be troubled at thedamages. I don't know. We'll see,
but I did have it for along time. Have you ever gotten
(08:48):
anything out of a class action lawsuit? I think I got fifty bucks.
It is something with Apple this year. Didn't really pay attention to it much.
I didn't follow anything because some ofthose you have to like you have
to file, Yeah, you haveto continue to as one with Facebook.
There was one with Celsius, theenergy drink, which I drink a lot
of. That you could have likefiled to be a part of. But
(09:09):
you know, twenty fifty bucks,it's not going to break the bank for
me. Yeah right now. AndI have some friends who like constantly like
are looking at it and will sendme links like Hey, do this,
do this, do this. Thisis one that I think you might want
to get a board because I thinkit's gonna be more than fifty dollars,
depending on how many subscribers they are, Because what's what's the total number?
Again? Over this isn't a billions, right, four point seven billion to
(09:33):
the residential customers alone, four pointseven ninety six million to commercial class like
sports bars, stuff like that,But it could be the league could be
liable for a total fourteen point threeto nine billion if the damages are troubled.
So yeah, that would be wellin excess of twelve billion dollars.
(09:56):
So who knows, maybe I couldget all of my money back and paid
for whatever it is. So whatwill this year's Sunday ticket look like?
I? Like I said, Ididn't subscribe last year because I wasn't going
the YouTube TV route direct TV.So it's still all YouTube TV. Yeah,
(10:16):
yeah, yeah, and I andI have what I need through that,
and I get I totally understand withcord cutters. Got no problem with
them doing that. You know alot of people who have done that.
It's just been kind of a comfortlevel also for the two of us with
direct TV, and I do havesome streaming subscriptions as well. I have
Peacock, we have Netflix. Gottahave Amazon too now to watch We've got
(10:39):
Amazon, and I think we're gonnaget Hulu because Linda wants to get into
watching the Bear and she wants meto w too, and everybody else is
telling me it's worth watching. Wedo that as well. So I think
if you have ESPN Plus, youalso get Hulu, So double check that,
okay, all right, because Ido have that, but I'll check
that all right. So I justthought that was an intriguing thing with regard
(11:03):
to the NFL. On that,all right, We'll continue here on sports
Radio AM thirteen, hunder Zone andthe iHeartRadio app.
He's a Texas legend, a Hallof Fame broadcaster, the voice of the
Texas Longhorns, and your host ofthe Craigway Show. Here he is now
Craig Way talking about baseball and basketball. Nurse to get to and we will
(00:31):
hear a few minutes, but Iwanted to stroll off to a minute,
and uh, this is pretty funny. Actually this is kind. Roger Goodell
did an interview this morning with cNBC. Uh and and you know,
(00:58):
people are really into the policeolitical landscape. MSNBC is obviously their their main network,
and that's where they go to seeRachel Maddow. That's where they go
to see you know, some manyother the political base where CNBC has some
different topics and subjects and interviews andthings like that, and the and Roger
(01:19):
Goodell on now. They had Goodellon in discussing the state of the National
Football League and everything, but theyalso asked him about that decision from the
Los Angeles jury last month, whichordered the NFL to pay four point seven
(01:44):
billion dollars in damages to that residentialclass and another ninety six million to the
commercial class of that class action lawsuitthat accused the League of violating any trust
laws and distribute out of market Sundayafternoon games with Sunday Ticket, the league
(02:05):
could be liable for a total offourteen billion, three one hundred and ninety
million dollars because the damages would betripled under federal anti trust laws if it
goes at Obviously, the NFL isgoing to is in the process of appealing
to this, he said to CNBC, and I quote, this is really
going to shock you. We obviouslydisagree with the jury verdict and we are
(02:30):
committed obviously to following the legal process. It's a long process and we're aware
of that, but we feel verystrongling about our position, our policies,
particularly on media. We make oursport available to the broadest possible audience.
Sunday Ticket is just a complementary product. We're committed to following the litigation all
(02:52):
the way and making sure that weget this right end quote. Now,
the next step is going to bea post trial motion hearing at the this
month. The NFL will ask JudgePhilip Gudieris to set aside the verdict.
If the verdict is not set aside, the NFL says it will appeal to
the ninth US Circuit Court, anda petition to the US Supreme Court could
(03:15):
follow. Meanwhile, Dell talked aboutsome other things, and this is something
you had brought up, Kim.He expressed optimism that NFL owners will agree
They will agree to change league policyto allow private equity ownership of its teams
(03:37):
by the end of twenty twenty four. If that happens, the league will
likely cap investments at ten percent perteam. A committee's been working on the
details since September. His quote onthis was, and I quote, We've
had a tremendous amount of interest,and we believe that this could make sense
for us in a limited fashion,probably no more than ten percent of a
(03:58):
team, but that could be sosomething that we think could complement our ownership
and support our ownership policies. Wethink we're moving in a very positive direction
and hopefully could have something by theend of the year end. Quote.
For those of you who are notquite up to speed on that, there
have been supports leagues who have beeninvestigating private equity options in recent years as
(04:21):
franchise values grows and the pool forindividual team ownership shrinks. But of course,
the largest private equity thing here iswith the Saludi investment. FUM,
we move off what we're seeing therenow before folks get too worked up and
say, hey, the Boston Celticsmay be bought by a group of Saldi's
or whatever that was coming up onthe NBA side. I don't know that
(04:44):
it would get to that, justlike what they're saying here, what Godell
is talking about is no more thana ten percent stake if they're involved in
this, a ten percent. Butit did get me thinking the other part
of this. Cam you asked mebecause you that I was an NFL Sunday
ticket subscriber from nineteen ninety eight fromthe time I bought my house in Cedar
(05:09):
Park through the twenty twenty two season. I paid I remember it was the
first time I got it nineteen ninetyI think it was one hundred ninety nine
dollars. And I think the lasttime I got it, I think I
got an early subscriber rate at threesixty nine. Wow, I think it
(05:32):
was. I did not subscribe lastyear because I didn't want to go to
YouTube TV route. I had directTV, so it was easy. I
didn't want to do that. Ikind of looked into it and then I
was like, nah, I'm notgoing to do it. And I will
be honest with you, I didn'tmiss out on a lot of it.
(05:54):
I did keep up a lot bywatching Red Zone because I have that as
part of my subscription. Anyway,I will tell you this, it drove
my wife crazy. And Linda,much to my amazement and and happy surprise,
was really into the Sunday ticket watchingwhen we were doing that, and
(06:15):
we could switch games, but wewere switching on our terms when we wanted
to cut if the Rams game isat a commercial break and we switched over
the Cowboys and we switched over toChiefs Bengals or whatever we would do that.
Watching Red Zone just makes her crazybecause she didn't like it because it
just it's she said, I can't, I can't settle in to be comfortable
(06:39):
watching the game, and boom,Scott what's his name takes you to another
game. See, I like redZone? Well, you and I are
used to the kind of thing,and and I was kind of used to
it as well. She was.She wasn't on board with that, but
she did like Sunday Ticket. Shedid like Sunday NFL Sunday Ticket and I
liked to do, and that Iwas willing to pay for it the way
(06:59):
it went, I let me justsay this, I completely understand the class
action lawsuit. People frustrated and thisand that I get it. I completely
understand. I will also tell youmy mindset back in nineteen ninety eight,
and the Rams were still bad inninety eight. It was the next year,
ninety nine with Kurt Warner coming fromnowhere and they won the Super Bowl
(07:21):
whatever. That really kind of lockedme in. But I thought it would
just try this thing back in ninetyeight. It didn't seem like an unfair
price to me to pay to watchmy team because we're already used to doing
that with Major League Baseball in theNBA and HL for those who are in
(07:42):
that. I had that for alittle while, so it didn't seem unreasonable
to me. It did seem unreasonableto me when they went to YouTube TV
and I said I'm out. Soit's got me thinking because you asked me
if I get the piece of theaction here on this deal. Mm hmm,
it could be right. I don'tknow, you know, you get
(08:03):
I don't know. I don't knowif anybody else gets this, But I
get stuff in the mail all thetime about class action lawsuits. It could
be against like a toothpaste company,or a Hamburger or a clothing manufacturer like
you want to join in this life. I've never gotten anything about a class
(08:26):
action lawsuit involving direct or not directTV, but involving NFL Sindy Ticket.
So I don't know that I'm goingto get anything anyway, even if it
happens. I don't know that I'mgetting a piece of that four point seven
a billion that'll be troubled at thedamages. I don't know. We'll see,
but I did have it for along time. Have you ever gotten
(08:48):
anything out of a class action lawsuit? I think I got fifty bucks.
It is something with Apple this year. Didn't really pay attention to it much.
I didn't follow anything because some ofthose you have to like you have
to file, Yeah, you haveto continue to as one with Facebook.
There was one with Celsius, theenergy drink, which I drink a lot
of. That you could have likefiled to be a part of. But
(09:09):
you know, twenty fifty bucks,it's not going to break the bank for
me. Yeah right now. AndI have some friends who like constantly like
are looking at it and will sendme links like Hey, do this,
do this, do this. Thisis one that I think you might want
to get a board because I thinkit's gonna be more than fifty dollars,
depending on how many subscribers they are, Because what's what's the total number?
Again? Over this isn't a billions, right, four point seven billion to
(09:33):
the residential customers alone, four pointseven ninety six million to commercial class like
sports bars, stuff like that,But it could be the league could be
liable for a total fourteen point threeto nine billion if the damages are troubled.
So yeah, that would be wellin excess of twelve billion dollars.
(09:56):
So who knows, maybe I couldget all of my money back and paid
for whatever it is. So whatwill this year's Sunday ticket look like?
I? Like I said, Ididn't subscribe last year because I wasn't going
the YouTube TV route direct TV.So it's still all YouTube TV. Yeah,
(10:16):
yeah, yeah, and I andI have what I need through that,
and I get I totally understand withcord cutters. Got no problem with
them doing that. You know alot of people who have done that.
It's just been kind of a comfortlevel also for the two of us with
direct TV, and I do havesome streaming subscriptions as well. I have
Peacock, we have Netflix. Gottahave Amazon too now to watch We've got
(10:39):
Amazon, and I think we're gonnaget Hulu because Linda wants to get into
watching the Bear and she wants meto w too, and everybody else is
telling me it's worth watching. Wedo that as well. So I think
if you have ESPN Plus, youalso get Hulu, So double check that,
okay, all right, because Ido have that, but I'll check
that all right. So I justthought that was an intriguing thing with regard
(11:03):
to the NFL. On that,all right, We'll continue here on sports
Radio AM thirteen, hunder Zone andthe iHeartRadio app.
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