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July 26, 2024 17 mins
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(00:00):
Welcome back to it. Broncos CountryTonight live from down here at Dove Valley.
Koe Training Camp is powered by ChevronColorado and the Sporty Pickle Bar and
Grill. It's the official training campbar and grill of the Kiwi Sports Networks.
Five minutes from camp here. Wentover there at eighty six to forty
South Peoria Sportypickle dot com. Ifyou guys haven't been to the Sportypickle man,

(00:21):
it is a bar with pickleball courtsin it. I am checking this
out for the first time this weekend, so you guys should as well.
Sportypickle dot com. And again,it's over there at eighty six forty South
Peoria. We went to the breakI told you about this landmark settlement.
I guess of three any trust casesthat the nc DOUABLEA and college leaders filed

(00:45):
just a little bit ago, afew hours ago, and I kind of
want to get into this. Fordecades, the NCAA and college sports leaders
went to great links to avoid courtand congressional intervention. Now, in the
wake of a landmark settlement agreement,the courts hold significant oversight over the industry's

(01:06):
new model and only Congress can preventwhat some college leaders see as the inevitable
end, and that is athlete employment. The NCAA and Power Conferences on Friday
filed their one hundred plus page longform agreement in the settlement of three antitrust
lawsuits House, Hubbard and Carter,ushering in a future of athlete revenue sharing,

(01:30):
expanding scholarships to full rosters, andcreating a historic enforcement system of arbitration
overseen by the court system. Thesenew concepts all take effect at the start
of the twenty five to twenty sixacademic academic year next summer or fall.
The plat of attorneys, which arerepresenting thousands of athletes who brought the class

(01:51):
action suits over athlete compensation or lackthereof, separately filed documents today detailing how
they plan to distribute nearly two pointeight billion dollars in back damages to former
players over a ten year period.According to documents which are up all over
the place now, eighty three percentof the back pay, which is two

(02:13):
point three billion, is expected togo to an estimated nineteen thousand football and
men's basketball players, many of themfrom Power Conferences. That is an average
of about one hundred and twenty thousanddollars per player over the ten year period,
or twelve thousand dollars a year.The back damage's formula could guide house
school's distribute revenue going forward. Thefirst back payments are due this coming spring,

(02:38):
after presumably the settlement is approved byPresiding Judge Claudia Wilkin the U S
District Court in Northern California. Today'sfilings were the latest step in a settlement
approval process that could stretch the attorney'scontend into their early portion of next year,
but we expect the thing to beresolved by spring. The long form

(02:59):
filing from the defendant, the NCAAthe Five Power Leagues, includes dozens of
pages of legal jargon, offset withthe all important injunctive Relief Agreement, a
thirty one page document detailing the revenuesharing pool and cap, new roster limits
for sports, and an enforcement mechanismthat college sports hasn't seen before. While

(03:20):
a seidlit grants plenty of authority todo the NCAA and the conferences, as
well as predicting their existing in futurerules, the court and plaint of attorneys,
most notably Jeffrey Kessler and Steve Berman, are tasked with overseeing and managing
very aspects of the future model,including the operation and enforcement of college sports
new de facto salary cap. Acourt appointed special Master will settle disputes over

(03:46):
compliance and interpretation matters about the revenuesharing model, a role that is currently
occupied by the NCAA office. Aneutral arbiter is charged with hearing and ruling
on appeals from athletes or schools founda violate rules connected to the new model,
which is a role currently held bythe Instead of eight Infractions Entity plaint

(04:08):
of Attorneys as well as their classof athletes. New freshman classes automatically added
to the settlements year hold a rolein the development of the enforcement process of
the new salary cap that are partlyresponsible for monitoring over the decade of the
agreement. YEAH. While much ofthe filing has been previously reported, the
document did provide some new information andmore specifics around various concepts, the most

(04:30):
interesting of which and notable of whichis add enforcement and arbitration system to police
third party nil entities such as collectivesand the escalating pool of revenue that schools
are permitted to share with athletes.And this is the part I really wanted
to get into the meadia of thematter. One of the biggest looming uncertainties

(04:50):
as part of the settlement agreement isits impact on third party booster back collectives.
Collectors currently provide millions to athletes andwhat many believe to be cash incentives
disguised as endorsement deals for the useof their name, image, and likeness,
and IL. Language in the settlementseeks to eliminate or greatly reduce what
many college leaders describe as phony andilpayments from boost organizations to athletes. The

(05:15):
settlement does this to an assortment ofrules and an enforcement mechanism that is protected
by the court. For instance,regarding boosters or any third party entity or
business for that matter, are expresslyprohibited from striking nil deals with athletes unless
they can prove the agreements are genuinewith rates that align with similarly situated individuals
with comparable NIL value who are notplayers at that school. That's in the

(05:41):
settlement documentation also says all third partynil deals of a six hundred dollars value
or more must be approved by anewly created clearinghouse that is expected to vet
the agreements for authenticity. By usingfair market value standards for those deals not
approved the NCAA conferences and or anew third party enforcement entity has authority to

(06:01):
deem athletes ineligible or fine schools forviolations, as they do now. Unlike
other things, those punishments can beappealed to an agreed upon neutral arbitrator,
and the process, according to settlement, is designed to be more accelerated and
a neutral procedure than the NCAA's currentinfraction situation, where committees of school reps

(06:25):
determined matters, the arbitrador must rulewithin forty five days, et cetera,
et cetera. But the six hundreddollars deal here looks like a corralling,
a big time corralling of these nildeals. It sort of shakes the wild

(06:46):
West out of it, because that'sthe way it's been since the floodgates opened
on this. And it's going tobe interesting to see exactly how this mechanism
is enforced and what fair market valueis ascertain all these kinds of things.
There's gonna be test cases on allthis kind of stuff. There will be
lawyers, Andrew Brett likes to say, but for now, it appears that

(07:09):
any deal any ANIL deal in excessof six hundred dollars is sudden, is
gonna come under scrutiny now. Andthese phony booster deals where they're offering money
to kids to come out and sayingthat they're you know, they're ANIL deals,
but really it's just I'm giving youcash. You don't really have to
do anything. They're they're seeking toat least put a stop to that,

(07:33):
and we'll see how that goes.What are you all's concerns with this?
Do you have concerns with this?The changing scale escape landscape of college athletics
continues to change, and I I'mglad that they're having enforcement mechanisms, but
it feels like too little, toolate. It feels like the floodgates were

(07:56):
opened and I'm not sure that theycan seal the dam while the water's flowing
through. It good to get peoplepaid for money's owed or back paid for
money's ode over the last ten years, But what about athletes from twenty years
ago, thirty years ago, etcetera. Five six, six, nine
zeros of text line A little bitof breaking news. By the way,

(08:18):
Green Bay Packers quarterback Jordan Love hasexpected has agreed to a four year extension
worth two hundred and twenty million dollars, makes him the highest paid quarterback in
NFL history despite only starting one fullseason. That deal was negotiated by David

(08:41):
Mullagett Andrew Kessler of Athletes First,obviously on the heels of the Toytuko Byloid
deal earlier today, everything everybody knewthis was was sort of coming. Packers
general manager Brian Goodkin spoke with reportersearlier in the week and sounded pretty pretty

(09:01):
proud of Jordan Love. Green Baygets its successful transition to franchise quarterback.
I wasn't a big Jordan Love fanbase, certainly in the second half of the
season was on fire. For thosewondering, the signing bonus is seventy five

(09:22):
million dollars by itself, which isan NFL record. Seventy five million dollars
signing bonus will be paid to JordanLove by December. That absolutely monstrous contract

(09:43):
after one season, four year deal, two hundred and twenty million dollars.
I remember when Jordan Love was aUtah State getting busted for smoking pot is
in his dorm. They take thatstuff seriously. In you tell also,

(10:03):
how does your quarterback get caught?Five six, six nine zero, four
year extension two twenty seventy five milliondollars signing bonus for Jordan Love. Those
are some astronomical numbers, average peryear of fifty five million dollars work if

(10:24):
you can get it right. Ido want to hear what you guys have
to say about this, this decision, this settlement with the college football stuff,
because this one blows my mind thatthe NCAA is essentially giving up on

(10:54):
enforcement mechanisms on a lot of thisthat a lot of this stuff is going
going to go through the court systeminstead of the NC double A. And
I just I don't know. Iwas surprised that the NC DOUBLEA would give
up that level of power. Italways felt like the NCAA was a dying

(11:18):
sort of entity. But is anenforcing mechanism this sort of, I don't
know, this sort of puts themin the crosshairs. What does the NCAA
do now? Are they just alogistical organization? They might codify the rules,
but there's no enforcement mechanism. Isit safe to say, Ben that

(11:43):
the NC DOUBLEA is finished well asan enforcement I mean like That's what I'm
saying. As an enforcement mechanism,it kind of felt that way. There's
still there's still inherent value in theNCAA is a logistical operation, and I
think that's the hidden part that maybemost fans don't understand, and the value
that they provide in terms of thelogistics and and all that kind of stuff.
But as a as a governing body, it certainly feels that way.

(12:09):
I mean, the only thing thatthey control right now is is March madness,
right, and they get all theirmoney from that. They have no
they have no say in college footballanymore for the most part. Yeah.
I mean, again, as Isay governing body, it feels like the
death of the nc double A.It feels like they are pivoting or transitioning
to a logistical operations organization and gettingout of the enforcement business with the rules

(12:33):
having abdicated all responsibility of that nowto the courts. This to me,
this is a you know, fascinatingand maybe maybe I'm the only one that's
that's you know, a walk enoughto to to sort of want to get
my hands deep into this thing.It is absurdly dense with legal jargon.
You can download there's a bunch ofpeople if you if you've got Twitter's a

(12:54):
bunch of people that haven't posted.It is an absurdly dense read. So
if you're not familiar with Leeze,I would just tell you to skip it.
But I know what my weekend isgoing to be tied up doing.
Now, diving through this thing.You are really a nerd. I mean,
I think we all knew that already. That was that was never in
doubt. Five six six nine zerosa text line. We did have a

(13:15):
couple of texts. Can Brian askedif Dione Sanders is a mercenary and if
he can operate under these rules.I don't know if he's a mercenary any
more than any other coaches as faras operating under these rules. I mean,
if you're if they really do limitolnil deals to six hundred bucks a
pop, subject to fair market peerreview, that's going to be interesting.

(13:37):
I mean, if you're bringing inplayers that that that you feel that that
exhibit that they are worth more thanthat in terms of what fair market value
or how that gets deemed, thensure. But if you're trying to just
inflate and pay for players, itdoesn't feel like that that's going to be
something that you can do anymore soif you're someone that relies heavily on the

(13:58):
trans for portal, specifically on thebottom line dollar amount. I don't know.
College football recruiting has changed since,you know, since my era.
I mean, you know, Iwas coming out of school in the late
nineties, and you know, thepitch back then was, you know,
loyalty to family, alma mater,and you know, will slip you a

(14:20):
little cash and take care of you, that kind of stuff. But it
wasn't. It's not what it isnow, where it's all out front.
It's it's basically a bidding process.By the way, speaking of bidding process,
did you see the amount of moneythat Texas Tech gave that Stanford softball
pitcher? I did not what sevenfigures for a baseball player softball? Oh

(14:41):
my god? Uh no, Idid not see that. So Texas Tech
offered a Stanford player. Did shetake it? She took it? Yeah,
Well blame her. Jenmen probably thebest pitcher in all of women's softball
last year. But she left Stanfordand she winds up at Texas Tech,
which is not exactly a household namein women's softball. Yeah, but the
money down there is different for collegeathletics. I'll just say that the money

(15:05):
you're you're you're on an entirely differentplaying field with with a lot of those
Texas schools and the way they've organizedand been out front, uh specifically A
and M in terms of you know, these collectives. So I mean that's
fascinating. Uh because again, youknow, when I was leaving school to
pitch, was you know, academicsfor some of these places a Stanford.
If you were capable academically of gettinginto Stanford, you probably weren't going to

(15:28):
a Texas Tech unless they were offeringyou a starting job and a better path
to the league if you're playing football, you know, if that was your
goal. Otherwise you're probably going toStanford. It's a better school, right,
oh by far, with all withall due respect to Texas Tech and
only that, but you're living inLubbock. Yeah, I mean, you
know, I've been to lovel PaloAlto San Francisco area, right, I've

(15:48):
been to love it and again,with all due respect, I you know,
in my era, I'm not surethat there was any advantage to going
to Texas Tech. Over Stanford.Now the program, the football program's a
little reduced from when it was inmy era. But yeah, I mean,
if it's good money, if youcan make it, and I'm I'm

(16:10):
never gonna tell somebody they shouldn' chasethe money. I mean, if it's
generational wealth, if that's allowing herto because what else where else is she
gonna make money? In softball?College softball is where the money is.
Yeah, for the most part.Where where else you gonna miss? There's
no WNBA for softball players. Imean, Oklahoma's obviously the reigning champion in
softball. What are the three timechampion? Yeah? But I but I

(16:30):
mean if you're a if you're asoftball, if you're a you know,
softball player, go secure the badbecause that's about the only bag you're going
to get pretty much. There's noMajor League Baseball sitting out there five six,
six nine zero. A lot ofyou hate the NC double A A
lot of you. We'll get intothis thing on Monday. I look forward

(16:51):
to diving into this thing and uhhave a little bit better explanation, better
feel for it on Monday, Uhtomorrow, myself. Ryan Edward's down here
at training camp tend to noon righthere on Koa. You definitely want to
listen for that. Look forward toseeing you guys out here. Rockies Baseball's
next, right here on Koa.
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