Episode Transcript
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Speaker 1 (00:00):
The only thing about being at Oakley Greens today is
(00:04):
I don't get a chance to spend time in studio
with my friend from Dean Dorton Private Wealth, Amy Wagner,
who joins us every week to talk about money in sports. Amy,
I wish you were here, but I understand you couldn't
be here today. Nonetheless, it's awfu it's awesome to have you.
Speaker 2 (00:18):
Well, you know, if I was there, they'd probably beat you,
and it be golf, so maybe it's better for you
that I'm.
Speaker 1 (00:23):
Not there beating me and golf does not put you
in very exclusive company.
Speaker 2 (00:29):
It would also be a long shot me beating anyone
in golf. You've been an interesting kind of rough week
for Cincinnati sports fans. I feel like we should talk
about like baby goats or something and Chaid today, but
you know, like we've got another shot at it tonight.
I love the fact that you're talking about games ahead
of us as Reds fans, because you know, it was
(00:53):
a little rough last night and a little rough Monday
night with the Bengals. I've seen a lot of coge
about payrolls these major league teams that have made it
this far in the season. You know, lots of coverage
about kind of the Mets meltdown when you're spending so
much on a team. In fact, I went back and
(01:14):
looked on June thirteenth of this year, there was a
ninety six percent chance that the Mets would be sitting
where the Reds are right now, right, I mean, yes,
ninety six percent chance. I mean, anyone who bets like
that's pretty much as sure bet you know, four hundred
and thirty million dollars payroll, including of course payroll in
(01:35):
the luxury tax, but you know, to the Reds one
hundred and twenty million. So interestingly, when it was.
Speaker 3 (01:41):
The Reds that shot out into the into the playoff
scene versus the Mets, everyone was talking about the fact
that much smaller payroll.
Speaker 2 (01:49):
Yet here we go, you know, and I think sometimes,
and let's chase it, think back in every sports movie
that we love like.
Speaker 4 (01:57):
We love like a good underdog story.
Speaker 2 (02:00):
Uh, and that's what the Reds looked like kind of
coming in these playoffs. Uh, you know, we we hoped
for a great show from the red last night didn't
necessarily happen. I thought it was interesting today that the
headlines kind of turned the tables because before it was
like who needs a large payroll? Look what the Reds
just did, and then it was disparity and payroll redbud. Right,
(02:23):
you see what I'm saying here.
Speaker 1 (02:25):
Yeah, no, totally totally. But I think if there's if
there's one thing, and this is to me the beauty
of sports, right, you could you could and we see
this in college sports too, right, where one school has
a huge recruiting budget. Now in the era of revenue
sharing in nil, one team spends a lot on its players.
(02:46):
And like in the NCAA tournament, it doesn't mean that
a fourteen can't beat the three or a fifteen can't
beat the two. Yeah right. We love stories absolutely, and
you you can you could also apply something similar to sports.
It's it's maybe not quite apples to apples, but one
of the one of the beautiful things about baseball, where
there's no salary cap, where every team can spend pretty
(03:08):
much what they want, is you can assemble all the
talent in the world and you can go get the
most expensive players. It guarantees you nothing. Yeah.
Speaker 2 (03:18):
Da la CRUs had a great comment and he was like,
you know what, it doesn't matter. We've played together. We
day together, we support each other, and I think that
speaks to that kind of intangible that you're talking about,
Like at some points, for some teams, it just clicks.
It's culture, it's momentum, it's you know, magic, it's.
Speaker 3 (03:37):
Whatever the words, whatever the adjectives that you want to
use to describe it.
Speaker 2 (03:40):
You know, I think for you know, for those of
us who don't necessarily work for or play for the
Reds or the Bengals. You know, in our normal world.
Speaker 4 (03:48):
It's like workplace culture, right Like when you're in a
place where people love to be there and people feel
like they're appreciated and they love working together, something special happens.
Speaker 1 (04:00):
You know.
Speaker 2 (04:00):
And and I think that's what we saw from this
Reds team coming into the playoffs. I agree with you.
I think we've pulled this off tonight, and I think
we live to play another night. And it's not going
to necessarily be the story about payrolls tomorrow. It's going
to be about that magic that's happening with the Reds
right now. That's what I'm that's what I'm hoping for.
Speaker 1 (04:19):
Yeah, you know, we we talk about in all the
sports where you could you could attach a number to
anything right. You can quantify so much stuff, but there
and this is this is one of the big I
don't know, discussions that we've had for years in baseball,
which it's it's the push pull where you you measure
you you measure what the analytics tell you to do
(04:39):
when it comes to making a decision or signing a player.
But chemistry matters. How much the guys love playing with
each other, matters, how much the guys love coming to work,
matters how much the guy trust the manager, and sometimes
the trust the manager might have in a player in
spite of what his statistics might tell you mm hmm.
Speaker 2 (04:58):
It's all those intangibles, right, I mean it's which is
all those intangibles layered on top of each other. They
add up and I think they make a difference, and
I certainly hope that we see that difference tonight.
Speaker 1 (05:08):
You know.
Speaker 2 (05:08):
I think another thing to talk about when it comes
to the Reds is home field advantage. You and I
were at the Grail.
Speaker 5 (05:15):
Last week before we had the full playoff picture, talking
to our friend who owns the Grail, and we were
trying to figure out in our head, like, Okay, if
we win, if we pull this out, right, we're going
to end up oh, not here, obviously, We're going to
end up out in LA.
Speaker 2 (05:32):
You know, for local businesses, it actually makes a big difference.
You know, we need to win these games well so
that we can come back and get some money pumping
in the local economy. The home field advantage from a
pure game standpoint, actually isn't that much of a big
deal anymore. Okay, so since the playoff field expanded, right,
(05:54):
went to twelve teams in twenty twenty two, listen to
this statmo, home teams are sixty and sixty four in
the postseason. Really, yes, yes, no advantage, And I think
it kind of goes to some of those intangibles that
you and I were just talking about, kind of the underdog, right,
they're coming into this. We've got something to prove, you know,
(06:15):
doesn't matter who's bat and last around here. We've got
this and it hasn't proven out to be such an
advantage from a game standpoint, it is undeniably an advantage
from an economic standpoint. You think about the difference. If
we were hosting this week, you'd have Red Slans from
out of town flying in. You'd have every hotel downtown
(06:36):
full the banks would be crawling with people right now.
Even seasonal employees at Great American Ballpark, right they lived
to work, you know, a few extra days. That's money,
money in their pockets, money in the local economy. What
we have right now is merch sales. You know, you
can get your Sincy shirts, t shirts, you know, clenchmiths
(06:56):
or Can't Kill Us the Cockroaches shirts for twenty seven box.
Their MLB has those October red shirts anywhere from like
forty bucks to eighty if you want a hoodie. So
I mean, I think if you want the October shirt,
just buy it today. Just buy it today.
Speaker 1 (07:12):
Just yeah, yeah, it's funny, you know, Amy, My birthday
is Friday, if you didn't know. And my wife told me,
and she didn't tell me what they're getting me, but
she and my daughter went to Rally House and they
wanted to know my size. And she said to me,
and this was on Monday, Like the clerk at rally
House told her suddenly, like all the reds merchants flying
(07:33):
off the shelves. We couldn't sell it all summer, and
now we can't keep it in stock. It's amazing how
that works.
Speaker 2 (07:41):
It is, you know, I was thinking about earlier today,
and this is the conversation that George Vogel and I
actually had years ago on the anchored ESKA Channel five.
And it's kind of like the plight of the Cincinnati
sports fan, you know, and it's just when you give
up on something, you know, they come come rallying back.
Particularly you know, it's like years starts and we are
(08:03):
counting down to opening day and this is going to
be the year, and you know, after maybe the first series,
maybe by the end of April, we're like, when does
the Bengals preseason start? You know, preseason starts to get
a little bit in and you're like, when your pictures
and catchers reports.
Speaker 1 (08:20):
Yes, it never ends. We do it every year.
Speaker 2 (08:24):
We know it, we love it, and we still come back.
And you know, I think regardless of what happens to night,
what happens Sunday, it is who we are. It's in
our blood, it's in our DNA, and we will come
back year after year, season after season. You know, they
always give us enough to cheer about.
Speaker 1 (08:42):
We need you know, there's baseball playoff games happening as
we speak. We need the Reds to advance so they
could play in a daytime playoff game so you and
I can talk about the lost productivity for area businesses.
Speaker 2 (08:55):
I actually saw an article in The enquire the other
day about how you should deal with the lack of
sleep from late and I was like, hmm, like which
reporter pitched that? That's an interesting angle on it. But
I gotta tell you a few days into this, it's
not a bad angle. Apparently you're supposed to get up
the same time every morning, regardless it when you went
(09:16):
to bed.
Speaker 1 (09:18):
Yeah, that didn't happen in my life, but maybe maybe
in fifteen years. Amy Wagner Deandorton weealth dot com. Amy
is a wealth management advisor for Dean Dorton. Joins us
every single Wednesday to talk about sports and money. We'll
see you back next week in studio. We can't wait, Amy,
(09:39):
thanks so much.
Speaker 2 (09:40):
Well, well, we'll still be talking about that Reds postseason.
Let's do it.