0:00

Welcome back to another episode of Chopin

0:02

with Fire . We are back and refreshed

0:05

from our vacation . Thank you for

0:08

allowing us to have a vacation

0:10

. I know , for those of you that listen weekly

0:12

, we did not have an episode last

0:14

week , but we're gonna make up for

0:16

it today , as we have a packed

0:18

guest sheet coming

0:21

up and we are gonna be talking about

0:23

special topics in

0:25

sports , specifically within

0:27

the NCAA , and rounding

0:29

off our transfer portal NIL conversations

0:32

that we have had in the past . I'm

0:35

excited to dive right in . So

0:37

let's chop it up

0:39

. Over

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100,000 downloads

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and counting support from

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four major countries

1:27

, donations to two amazing

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causes Cystic Fibrosis and

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the Boys and Girls Club . Also

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, accolade that includes the

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2022 nomination for

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the People's Podcast Choice Awards

1:43

that are voted on by the

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people you are listening to

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your number one podcast that

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discusses relevant topics that include

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, smart investing

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and business and

1:59

current events , hosted by

2:01

creator , influencer and

2:04

founder Dustin Steffi . You

2:06

are tuned into chopping

2:08

with fire . Let's

2:11

chop it up . Welcome

2:28

to Chopin with Fire . We have a special

2:31

packed episode for

2:33

you today , adding

2:35

on to our monthly sports

2:37

and business topics

2:39

. On this episode

2:42

, we actually have a big cast list

2:44

right now , so we got Alex back on

2:46

with us , alex . We got Chase

2:49

, our CPA , back on

2:51

with us , chase . We got Dwayne

2:54

on with us and

2:56

a surprise guest who

2:59

finally made an appearance Jaden

3:01

.

3:02

Chop nation . What's

3:04

up ?

3:05

People have been missing . You , jaden , so you

3:07

got a lot to catch up on

3:09

.

3:11

Dude , we got to update on some special data , Davey sir

3:13

.

3:15

We're not going to update on how special today is . With

3:20

that being said , we're going to just dive

3:22

right into it . So today our topic

3:24

is going to definitely be

3:27

within college sports . It's going

3:29

to be rounding off NIL

3:31

and transfer portals , headlines

3:34

, money , discussions

3:36

Definitely definitely

3:38

going to be a fun episode with perceptions

3:41

, opinions , some

3:43

good research as well . All of our research

3:45

has been taken from the

3:47

NCA website , from ESPN

3:50

, from a bunch of different credible sources

3:53

for us to be able to put together and

3:55

try to lay the groundwork for

3:57

this episode . With that being

3:59

said , let's dive in Headlines

4:02

, quick hits here . First

4:04

headline that I have for everyone Northwestern

4:07

buyers , pat Fitzgerald

4:10

. There was an investigation

4:12

started where there

4:16

were allegations of hazing Right

4:18

. To round

4:20

this off , fitzgerald

4:22

made a comment he said he had no idea

4:24

about this was going on . So

4:28

I'm going to just open the floor

4:30

up on this one first , to

4:32

whomever wants to just dive

4:34

into it .

4:36

Yes , I looked into it a little

4:38

bit . I was actually golfing yesterday and I was eating

4:40

dinner at the Cunch Club and one of

4:42

my friends who worked for the

4:45

NCA LA now she's in the NFL she was

4:47

telling me about this . She's like , yeah , there was

4:49

hazing , and

4:51

so I looked it up and , according

4:53

to the source , one former

4:56

Northwestern football player said the hazing method was centered

4:58

around a practice called running , in

5:00

which underclassmen were restraining a dark locker

5:02

room and dry hunked by upperclassmen

5:04

wearing purge masks . The player said this

5:07

was the tradition . It was especially common

5:09

during training camp and around Thanksgiving and Christmas

5:11

, which the team deemed runsgiving

5:13

and runsmiss . So

5:16

that's definitely .

5:18

Oh fun , Is

5:20

that that's real .

5:23

Yeah , I'm getting a little bit of tension right

5:25

here , man that's

5:27

in , oh you read

5:29

that again what it brings me back to

5:31

my first Kennedy days guys . Yeah

5:34

right , I was like what ?

5:34

if we reading from here Sounds

5:37

like a bad movie script right .

5:40

She said the same thing . She's told me that yesterday

5:42

and I just found that . I just saw this article

5:45

today .

5:46

It made it sound like it's been not

5:48

just a one-time-off occurrence If I'm hearing

5:51

that , right Like

5:54

it's got its own name for it , meaning it happened more

5:56

than once , right .

5:58

Players said this tradition was common around Thanksgiving

6:00

and Christmas . They deemed it runsgiving and

6:02

runsmiss Runsgiving

6:04

, and runsmiss .

6:07

How long did they ?

6:07

say this has been happening . Like how long has this been part of the

6:09

culture over there ?

6:11

So it was during training camp , so it's

6:13

got to be a couple years at least .

6:15

Well , he's been with the Northwestern

6:18

program since he played . Even

6:20

so , back in , what Dwayne

6:22

2005 ?

6:26

Yeah , I think he played college there in the 90s

6:28

. Okay 2005, .

6:30

2006 was the start of his coach instant

6:32

.

6:33

Yeah , but I think he's been part

6:35

of the program for

6:37

over 15 years for sure .

6:42

The part that gets me is this Are you ready

6:44

? His statement was he

6:46

had no idea this was going on . How

6:49

the hell does a head coach

6:51

who builds culture on

6:54

a team and Jaden , you know this better

6:56

than anyone because you're dad- Well

6:58

, you know , boys would be boys .

6:59

man , we all play ball and , you know

7:01

, just run around whipping each other

7:04

and shit . You know people do this dumb shit in the locker

7:06

room , but it sounds like this was like a

7:08

planned event , which is kind of weird . Yeah

7:11

, yeah .

7:13

So were the guys clothed

7:16

when they do this ? Like were

7:18

they just in practice what my friend told me yesterday

7:20

was no , she said no .

7:22

The article said that they had underwear

7:25

on , but she told me no yesterday .

7:27

Yeah , that does sound like that .

7:31

So if you were like a freshman

7:33

right and you were going to be victim of this

7:35

run runs given

7:37

or runs missed like were

7:39

you forced into this dark room

7:41

?

7:43

Or , like I've been hearing , hazing . Hazing

7:45

has been like the word that they're using for

7:47

firing him , so like fraternity hazing type shit

7:50

. I think it's just a locker room and

7:52

they probably just turn

7:54

the lights off and just jump them , I

7:56

mean they guess that's a tough one man . Yeah

7:59

, yeah , yeah , that's where it goes .

8:01

That probably would have ran me out of the program like

8:03

instantly , yeah , yeah .

8:05

Let's take this from a logical

8:07

standpoint though . So when we look at

8:09

hazing hazing rules and laws and protections

8:12

, especially centered around

8:14

fraternities and organizations

8:17

it's illegal . It's illegal

8:19

to haze , it's

8:21

not good . It's not good press

8:23

for Northwestern . I think

8:25

, if I'm being honest and

8:27

taking the logical approach I

8:30

mean investigation or not

8:32

this was a good move for

8:34

Northwestern , because you

8:36

don't want that bad reputation

8:38

on a program , and so

8:40

, if I'm being logical here , whether

8:43

he knew it or not , which I

8:46

have lots of reservations I'm not going to say I'm

8:49

going to say he did it because I was going to say you

8:51

pay attention to that shit .

8:52

I mean it doesn't ?

8:53

He's a good guy .

8:55

I don't think he did and it's unfortunate

8:57

that . But honestly

8:59

I think they haven't been doing that good . Maybe they're

9:01

just trying to pick a reason to get him out . It's an easy

9:04

way to let him go .

9:06

Oh man they're for that long . I

9:09

mean , it starts with leadership . Anywhere you

9:11

got to go at the top and , whether they knew about it or not , they've

9:14

got responsibility towards it and

9:17

they're looking for a reason to move on always . So

9:19

again , it's a business . What's good for business

9:21

? What's good for people coming into the college ? Would

9:23

they make a decision ?

9:25

Probably came to it .

9:27

Yeah , that's the best thing to do in this climate . You

9:30

got to distance yourself . I know people laugh

9:32

at that sort of thing like you'll

9:35

get cancer or something , but it will seep into

9:37

your pocket . I

9:39

mean , it's no joke . So

9:43

you know it's a risky game to play otherwise . So

9:46

I think that's all it is is risk assessment and

9:48

you just make that call .

9:49

Yeah , I mean , I think you made a good point

9:51

, Like a lot of quite

9:53

often , when organizations are looking to make changes with

9:56

like leadership , especially someone

9:58

who's been there for a long time . He's been bad

10:01

maybe last year or the year before , but he's had

10:03

some success there too . For a school

10:05

that doesn't have these high expectations

10:07

, I mean , one way to do

10:09

it is just to say we need a culture change and

10:13

they've identified a major flaw within

10:15

the culture over there right . Nobody's

10:19

going to dispute , moving

10:21

on from Pat Fitzgerald with those kind of allegations

10:23

. So there you go .

10:26

Yeah , they'll spin it into like this is us doing

10:28

something positive right now ? And we

10:30

identified this and did it forward

10:32

, exactly Right I ?

10:34

mean we've all played football , man . I

10:36

mean that's not something you should

10:38

do , but I don't think it's . They're

10:41

trying to get them out of there . They're

10:43

trying to get them out of there , yeah .

10:46

I mean , I mean I feel bad for whoever was

10:48

exposed or victim of

10:50

this hazing , and I'm not trying to minimize

10:53

it . I'm not trying to minimize the impact it might have had

10:55

on a player , but

10:57

it's inappropriate . I mean , I think

10:59

there's other ways to integrate and make

11:01

new players assimilate to the program

11:03

and I think it doesn't have to be as

11:05

extreme as what was described in

11:08

what you read . Jayden , that's just my opinion

11:10

.

11:11

I agree , you're right .

11:12

I don't know how that brings a team closer together

11:15

. That's just

11:17

my opinion .

11:20

Yeah , there's a lot of people in that , like , who are the captains ? Right

11:22

, you know about the sort of thing that step

11:24

up . I mean there's a lot of blame to pass

11:26

around in this sort of deal . At the end of the day

11:28

, it's inappropriate and your culture shouldn't

11:31

be built on things like that . You begin

11:33

with , you know that's anywhere .

11:35

Yeah , absolutely . Let's

11:37

soften the topics up a little

11:40

bit by moving on to the

11:42

next headline , which

11:45

is discussion on SDSU

11:48

. So , as you

11:50

guys are aware , sdsu

11:52

had a really good run recently

11:55

in the NCAA tournament , making

11:57

it to the final

12:00

game . Right , they lost , unfortunately

12:02

Was definitely pulling for

12:04

them to win it all . And

12:06

now they're looking at

12:09

moving from the Mountain

12:11

West Conference to the

12:13

Pac-12 . And we know that there's been movement

12:15

in the Pac-12 already of other schools going

12:18

out of that conference . So this is kind

12:20

of a really good move

12:23

, taking the money out for

12:25

SDSU to go in and

12:27

be like hey , we want to go into the Pac-12

12:30

and be in a stronger conference . However

12:32

, as we are a business podcast

12:35

, bringing in the business and money side to

12:37

it , there are implications

12:40

, right , and I kind of wanted

12:42

to discuss that . So one being $3

12:45

million buyout right to

12:47

hop ship from Mountain West to

12:50

the Pac-12

12:52

. So a couple

12:55

of questions , right . First and foremost

12:57

, good move for SDSU , yay

12:59

, nay , right . The next question would

13:01

be is this something

13:04

that's going to hinder the

13:06

rest of the teams in a not

13:08

so strong Mountain West program

13:11

? And

13:13

the third thing to think about as we're discussing

13:15

this is all

13:18

the business sides , right . So TV

13:20

deals , money et

13:22

cetera . So it's

13:24

open for this one . Let's talk

13:27

about it .

13:28

I was talking about the

13:30

money I mean $3

13:32

million is like a drop in the bucket for

13:34

this deal , because you look at TV

13:36

rights , you look at increased

13:39

attention from the media , Just

13:41

for SDSU alone like that's worth

13:43

$3 million to them to

13:46

get more attention . So from a business

13:48

perspective , this is a smart move

13:50

for the college .

13:53

I agree and I think that I know basketball

13:56

has been really successful , or men's basketball

13:58

has been extremely successful . You know

14:00

they've got some tradition with that program

14:02

. I think probably the biggest name that's

14:04

come out of there is Kawai Leonard . You

14:07

know he's been pretty good player in

14:09

the NBA . So I

14:12

think from basketball they can compete

14:14

for sure at the next level , and

14:16

I would imagine football , which

14:18

is the next , you know , which is probably the largest sport

14:20

, is going to do well too . You know

14:22

, once they get into a better conference , have

14:24

more resources . You know , flowing

14:27

through the program to hire better coaches

14:29

, provide better meals , better training

14:31

opportunities , I

14:34

think it's a win . I think it's a win for them , and

14:37

they built a new stadium that they're going to

14:39

need to see a nice ROI on

14:41

you know , through ticket sales

14:43

concessions , maybe

14:46

even doing more things about , you know

14:48

, renting that space out for other large

14:51

events . Maybe they'll bring more bowl games to the

14:53

area or different championship

14:55

events to that , to that space . So I think

14:57

San Diego State is the winner in this .

15:00

Do other schools follow them ? That's the question

15:02

.

15:06

If they can . Where do you mean ? This is

15:08

kind of the goal , isn't it ? The strategy

15:10

from the larger perspective is

15:13

. Yeah , exactly , again , think

15:15

, think of if you were running the university

15:17

as a business . You are looking for the best

15:19

market for that business to thrive in

15:21

. I mean , so the way these conferences are built

15:24

are , you know , again

15:26

, there's kind of another layer to this

15:29

industry and you're looking to grow to

15:31

a point of scaling a business and now you've got to get

15:33

into that next market to get that next multiple

15:35

on it . So you know , you're looking

15:37

for those that are doing it and , yeah , it'll

15:39

affect the ones behind you absolutely . But

15:41

if they're built right and they can

15:43

create that pipeline , so they bring in other schools

15:45

before you know that are maybe

15:48

growing up through the regs there and

15:50

now they have enough money to enter and be a catch

15:53

for that industry . But I mean , yeah

15:55

, this is the goal , so that's , it's an accomplishment

15:57

. But now they're swimming in there with the you know

16:00

, the big players . So you got to produce

16:02

. I mean , it's a whole bunch of new obligations

16:05

and new pressures put on the

16:07

faculty , the players , the department

16:09

, the athletic programs , things like that . You know they got

16:11

to step up .

16:13

I think I think one thing we didn't mention

16:15

I haven't seen , like all the athletic offerings

16:17

at San Diego State . But I know going into the pack

16:19

pack 12 or I don't know if it's going to be packed

16:21

in again , but you know , some of those

16:24

schools compete in every sport you can imagine

16:26

. Like you take a Stanford , for example

16:28

, stanford's got an equestrian

16:30

, they've got diving , they've got swimming , they've

16:32

got strong soccer teams . So

16:35

I don't think San Diego State has all of those . But now

16:37

you move into that conference you've added additional

16:40

athletic offerings for the university

16:42

, which is going to have you hiring more coaches , more

16:45

support staff , you know , more

16:47

ticket sales reps . So I think there's a trickle down

16:49

of opportunities

16:51

for the program to grow and

16:53

then just giving more student athletes an

16:55

opportunity to

16:57

play on a higher level and come into the university

17:00

, maybe on scholarship , and create educational

17:02

opportunities . So I think you know there's a lot of good

17:04

that can come out of it for San Diego State , you

17:07

know . So I'm

17:09

happy for the move they're trying to make

17:11

, you know . I think it makes sense .

17:14

We saw this happen when you played . If

17:17

you remember right , nevada

17:19

and New Mexico

17:21

State were part of the Western

17:23

Athletic Conference and

17:26

the Western Athletic Conference was starting

17:28

to die out a little bit , and so

17:30

we saw Nevada

17:34

, we saw San

17:36

Jose , we saw a

17:38

bunch of schools hop ship from the Western

17:40

athletic conference into

17:43

the Mountain West because

17:45

it was more advantageous . My

17:48

concern with SDSU leaving the

17:50

Mountain West is we have all these other

17:52

schools within the Mountain West too . So

17:55

, like Jaden and his dad at CSU

17:57

, we have Nevada , we

18:00

have UNLV which , by the

18:02

way , unlv is a separate story right

18:04

Because they are playing in the Raider Stadium

18:06

and they have

18:08

good resources and stuff too , but

18:11

their program just isn't there

18:13

yet , which hinders them

18:15

from being able to hop ship , in a sense

18:17

, to the Pac-12 .

18:19

They want to hire the Norvelles .

18:25

Jaden's right notes . Right now he's like , hmm

18:28

, pac-12 , maybe . But

18:31

what I'm trying to say is like , yes

18:34

, we all brought up good points of the positives

18:36

of why SDSU

18:39

specifically should hop

18:41

, ship and money

18:43

and all of that right , but what

18:45

we didn't bring up were the negative implications

18:48

on the Mountain West for SDSU

18:51

hopping out and what that does

18:53

for the teams that are within the Mountain West

18:55

. And does that dilute

18:57

the Mountain West conference and

18:59

make it a lesser conference ? Because we've

19:01

been trying to build a stronger conference , like

19:04

you know ? I don't know .

19:07

They should take it that way .

19:09

I think the Mountain West needs to do all they can to hold

19:11

on to San Diego State because with

19:15

these universities there's like a revenue sharing

19:17

within the conference , right ? So if San

19:19

Diego State , you know , goes to the final , what

19:21

did they go to ? The NCAA finals it

19:23

was a huge inflow of cash

19:25

that's distributed amongst

19:27

all the member schools . And

19:30

then I know the football team has been going to bowls . There's

19:32

still a payout for all those schools . If

19:35

they leave , you know , hopefully Colorado State

19:37

can take over as the big dog in the conference

19:40

. But that could get , that

19:42

could get bad . Because I know , dustin

19:44

, like you mentioned that New Mexico State

19:46

, when we we didn't go to

19:48

the WAC , I mean we didn't go to the Mountain West , we

19:50

went back to the Sunbelt Conference and then , you

19:53

know , there was just kind of like turmoil from there

19:55

. We ended up staying

19:57

in the Sunbelt for a couple of years . Then we went independent

20:00

. You know , for a small school , a

20:02

smaller school at New Mexico State , we were playing

20:04

, I mean , one year they played out of a 12

20:06

game slate , I think they played like eight money games , nine

20:09

money games . You know the games where they're playing , you know

20:11

the Texas , alabama's , and that

20:13

just was really difficult for the football program

20:15

to sustain . So just recently

20:17

, I mean we all our sports , just

20:20

moved to conference USA , which is which

20:22

is a good , you know , which is a strong conference . But

20:25

you know it was 10 to 15

20:27

years of just , you know , just

20:29

, we're like nomads . You know

20:31

, one in one conference for three years , then

20:33

independent and then back to another conference . So it was

20:35

it was a mess man . So I would hate to see

20:38

any other university , particularly some

20:40

of the ones that are in the Mountain West that aren't as strong

20:42

. I would hate to see that happen to them .

20:46

Another thing to think about , which we'll talk about later

20:48

, is implications of transfer

20:50

portal to right , with the transfer portal

20:52

allowing athletes one free

20:54

pass in a sense . Are

20:57

we going to lose some

20:59

of our talent in

21:01

the Mountain West as the conference

21:04

dilutes , if , if SDSU

21:06

moves to the Pac-12 ? These

21:09

are all business things that we

21:11

need to talk about .

21:12

I would say I would say no , and

21:15

we've all got to say I've gone

21:17

and have seen us say seven years , eight

21:20

years , been planning going

21:22

back and forth on the sidelines at the old

21:24

stadium and I mean you

21:26

talk about a beautiful campus . Nobody doesn't like going

21:28

to San Diego State to play . They're

21:31

going to be good and I'm so happy for them

21:33

. They're going to have a great program and that's

21:35

great . But it really opens the door for us . Man , it gets . I'm

21:37

going to use the American Conference to lane . Just beat

21:40

USC . All right , they had , they had

21:42

to go . They were 10 and one . I think Ten

21:45

and two had to go to East Carolina , which is a great team

21:47

, since now he's a great team , top 10 team last

21:50

10 years . Ucf is always up there and

21:52

Navy's no joke , and

21:54

the same for our conference and I think , with them leaving

21:56

first football it gives the opportunity

21:59

to okay , well , now I'm looking at schedule

22:01

. Okay , I got to play boy state . I got

22:03

to play for New York , which for

22:05

a big time player , is great . More eyes

22:07

on me , more money , my Nile deal . So I think

22:09

it opens up for a lot of these teams

22:12

in New Mexico State , you know , and a lot

22:14

of the teams that lose players say the

22:16

state . It's going to be good now , because

22:19

now you have to say a state . Now they got to compete

22:21

with Dion , they got to compete with , they

22:24

got USC , you know . So their guys are

22:26

now all those players that were

22:28

Mountain West players that maybe

22:31

you know third , third

22:33

, third , fourth string in the pack 12 . Now there

22:35

gets diversified between all the other

22:37

teams . So I think it's going to make it better

22:39

and more competitive and

22:41

you'll have better records coming out of Mountain

22:44

West more bowl games , more like the way

22:46

and said , more money for the school .

22:49

Those schools should take advantage of this

22:51

. I mean , the conference should focus on the conference

22:53

. You just lost one of your , one of your

22:55

schools to a different conference . That hurts

22:57

and you've got to look at that . And you've got

23:00

to . You got to look at not losing

23:02

other schools that are coming up through there , making

23:04

sure that you're strengthening that conference as

23:06

best as you can think of that . I mean , running

23:08

the conference is like a business you want the best players

23:10

in there and at the bed value . But if I was a school

23:12

seeing schools leave the conference , I'd

23:15

make my deal now with the conference like

23:17

you need to keep us in this thing or we're going

23:19

to start looking . So now time for schools . You

23:21

know it's weird

23:23

, isn't it ?

23:26

It's almost like the G-league . It's almost

23:28

like the G-league when it comes to the non-powerfives

23:30

. How this ? How mean we look at Houston

23:33

right and going to the BIC-12

23:35

and a bunch of I mean , tulane's

23:37

got to get . Tulane has a bunch of offers . Now

23:39

I know they got a bunch of offers .

23:42

The conference is a great point because you know the BIC-12

23:45

, I felt like they were arrogant

23:47

in their ways and you know their

23:49

biggest members are now gone

23:51

. Right and they're having to rebuild

23:54

. But you know they were like well , we're the BIC-12

23:56

, you know we don't have to do anything different . But

23:59

as soon as A&M jump ship , you know they should have

24:01

been on top of all their members . And

24:03

how can we improve our conference ? Make

24:05

that a , you know , a sticking point

24:07

of you know that we need to change our ways

24:09

, maybe a little bit , or do something different .

24:13

I can speak on that a little bit . I've

24:15

been with Pops at Oklahoma . It's

24:18

the big 12 , so the Colorado

24:20

left and A&M left and

24:22

the big , the big 12 rivals SEC , everybody

24:25

. Big 12 versus SEC and

24:28

it's . I think it's been

24:30

tough , it's going to be tough for everybody . I agree with you

24:32

because I don't know who's

24:35

going to be the I

24:37

mean Oklahoma's one , I

24:39

think . 12 national championships , right

24:41

, you know , we're looking

24:44

down the line now Kansas

24:46

State , tex-tex , baylor

24:48

, tcu , houston . You

24:51

know who's the who's the warhorse

24:53

, who do you , who do you put your hat on and

24:55

you're like okay , this is our , this

24:58

is our team that's going to play at Vano , georgia , oklahoma

25:00

, texas , and beat them consistently

25:03

. I don't

25:05

know . I don't know what I would

25:08

the big 12 is . I would say the Mountain West

25:10

is in a better spot than the big 12 is Right

25:12

now . It's where it's teams-wise

25:14

and cause . I

25:17

mean , if I think to answer all

25:19

the questions , I think they're doing great setting

25:21

up and maintaining their programs because

25:23

even at Nevada dust and we I

25:25

mean we had sweet 16 , we'd go two years

25:27

in a row , three years in a row for basketball and

25:29

you know football , uh

25:32

doing well . Boyd State does well . Nevada

25:34

, you know , did well under us and

25:38

I think the level of , especially in basketball

25:40

, the level of competitiveness in Mountain West has gone really

25:42

, has gone really high with

25:44

the transfer portal . The transfer portal has been huge for

25:46

that , huge for that .

25:48

I think we also have to look at the power conferences

25:51

, right ? So when we look at the SEC , the ACC

25:53

and some of these big conferences

25:56

, have we seen any

25:58

big , big moves out of them in

26:00

the last decade ?

26:02

Dwayne , uh

26:04

, not , not

26:06

really from a , from a , no

26:08

, from movement of teams in

26:10

and out the conference .

26:12

Right .

26:12

No , why do you ?

26:13

think that is .

26:14

You know , I was just I mean , I've been listening to everyone

26:16

. I was thinking about , like , why , what's

26:19

been like the driving force behind , like

26:21

why everybody's been moving

26:23

conferences . I guess it's the TV deals , um

26:25

, but you know , um , my

26:28

thing is like , and I'll just focus on , like the

26:30

Pac-12 , with , you know

26:32

, usc and UCLA going to a big 10

26:34

. Like there's

26:36

a significant amount of money that's going

26:38

into , like SC and UCLA

26:41

, but like , at what cost is

26:43

it what ? How much actually

26:45

is made when you factor in all the travel costs

26:47

you know flying across the country ? And

26:49

then , like , what is ? You know

26:52

what is the real reason ? Are the schools saying

26:54

, you know , we're not going to provide any more funding

26:56

to athletics and their auxiliaries and they

26:58

got to be a hundred percent self-supporting

27:00

? Like I'm wondering , like , are these conversations

27:03

being had ? Because I don't know why

27:05

? You know you would want to put your student

27:07

athletes who were there to study as such a disadvantaged

27:10

academic by traveling them . You

27:12

know , 3000 miles for games .

27:15

So maybe I said

27:17

one , they want to . They want to play those guys

27:19

. Though you know for sure the athlete

27:21

part of that , the backside athlete part , wants

27:23

to go play a hot state , but it's I

27:25

. On . Another part I want to add is the

27:28

community , the cultural part . Usc

27:31

always plays UCLA every year . They

27:33

can expect that , so that's why they went together , georgia

27:36

Tech always going to play Clemson , and so , like

27:38

the schools are more loyal to each other than the conference

27:40

. This is like Penn State always plays Ohio State and they're

27:43

in the big 10 .

27:44

But do you think that can go away if like say

27:47

like it will never go away ?

27:49

It never goes away Like Oklahoma and Texas left together

27:51

, because they always play each other .

27:53

So is there . But what about ? Like Oklahoma

27:55

? I guess that's Oklahoma . Texas

27:58

is the red rival , red river

28:00

.

28:00

Yeah yeah , river rivalry

28:02

, oh river .

28:03

Since like 1910 .

28:04

Yeah , these guys go

28:07

back to like the 1900s , like families

28:09

, like the new . What a new

28:11

Tennessee or Tennessee or something like

28:13

that .

28:14

The highways that we can shut down ? Yeah

28:16

, it's crazy .

28:18

Yeah , that's , that's amazing . But I , you know , but that's

28:20

my thing I just wonder , like for

28:22

football , yes , not a big thing , you know , but what

28:24

about the school , the sports that play multiple

28:27

games , soccer , for example

28:29

?

28:29

Well , going to your point I

28:31

mean to your point it's it's always

28:33

been that cases You've got a lot of these

28:35

sports with underneath the athletic

28:37

department that don't bring in the huge dollars

28:39

right Everybody knows that you got tons of , whether it's lacrosse

28:42

, swimming , you know , you got a lot of these sports going

28:44

on , but they're not the ones driving

28:46

the budget of the program

28:48

, right ? So now here's a classic example

28:50

. You said , yeah , well . So when you look at what's

28:52

one of the downsides of this , well

28:54

now , those sports , you know , you

28:56

know again , they don't care if it's over

28:59

here and they got to travel , they're making money on it

29:01

. But it's these other sports that are suffering there . Like

29:03

you were saying , they got to travel and do all this and

29:05

he's like it's no different for them , it's just more

29:07

mileage tacked on now .

29:09

So yeah , for sure , I mean

29:11

like , yeah , I just think , like you know , if you're flying

29:13

up and you're flying through Texas like a Baylor

29:15

, if Baylor is going to , you know

29:17

they're playing half their games or third of their

29:19

games in Texas . They're playing Texas tech , they're

29:21

playing the Long Horns , they might play

29:23

UT San Antonio for

29:25

something . You know they're not traveling that far

29:28

if they're going to even Oklahoma as a short flight

29:30

. But man , you know , I

29:32

would say for this first , couple years you

29:36

know now they're going to be flying , you know , over

29:38

into Florida . You know

29:40

he's just longer . It's just longer

29:42

travel . I don't know , I just think it's

29:45

. I just think there's some , there's a downside to

29:47

it . You know , we won't really see some of that until

29:49

we're in it , you

29:51

know .

29:52

I would agree . I think the financial

29:54

part far outweighs it . This first couple years , though

29:56

, this is going to be so yeah

29:58

, so I'm in the USC Ohio State game

30:00

, but I feel bad . I do feel bad

30:03

for athletes , because that's not a fun flight . I'm

30:05

counting . Playing

30:07

a night game flying back trying to do your

30:09

homework , oh man . Yeah

30:11

, yeah , a little per diem and a nice meal doesn't

30:14

account for all that With the time difference

30:16

too , with the time difference too , with the time

30:18

difference too , with the time difference too , all right .

30:21

You gave me a few bucks to go out .

30:22

But come on , this is a lot . I think USC goes

30:24

and plays Rutgers man on

30:26

a Saturday , a 12 o'clock

30:28

game . They have to leave , like Thursday night

30:30

.

30:31

Well , I played with Rutgers and

30:33

we had to travel all the way out there Not

30:35

really . A couple

30:37

of bucks in the meal is like all right

30:39

.

30:40

So as a coach , did you ? Did you

30:42

, dwayne ? Would you think you would adjust the sleep schedule

30:45

, for the schedule for the team , accordingly

30:47

to the time zone you're in , especially

30:49

for those two West Coast teams ? They got to

30:51

be waking up .

30:53

You want to try to , but , man , I

30:56

don't know . Man , these cell phones and TikTok

30:58

and all these other social platforms

31:00

, man , these kids aren't .

31:01

They're not sleeping , you know it's going to be

31:03

interesting to watch these games because I think the

31:05

how many hours is the West Coast behind

31:08

the East on like Columbus to

31:10

three . So that's

31:12

a disadvantage for Ohio State and

31:14

they got to go out there .

31:16

Either way it's going to . You got to acclimate .

31:18

Yeah , you got a game plan for that completely . You

31:20

got a whole budget a whole week out .

31:21

Yeah , we didn't have to UCLA

31:25

, had to come to us . So you know we chose , we

31:27

chose like a night game . You know we

31:29

wanted to make sure we leaned into that and

31:33

you got to . It's a little strategy there

31:35

, a little strategy , that's all . It's just an

31:37

edge up in the game . You had to find those ways .

31:40

This is some good discussion , guys . I think

31:42

more to come as we see what SDSU

31:44

does . We brought

31:46

up some good , valid points . I

31:49

guess more to come right , definitely

31:51

. I know everything that we brought up

31:53

they're thinking about , everybody's

31:56

thinking about , right , and so , as

31:58

we start seeing this , we're not going to see this this

32:00

year , I don't think , but we'll

32:03

probably see it for 2024

32:06

, 2025 , maybe so more

32:08

to come . On that , let's move

32:10

.

32:11

I'm going to end on that one . From a university perspective

32:13

, I mean , the travel maybe is an issue

32:16

, but I think they're ready . They get more

32:18

eyeballs when they're traveling in markets that they

32:20

normally wouldn't get eyeballs in . So

32:22

you know somebody like Baylor

32:25

traveling to Florida . I mean , yeah

32:27

, you might know Baylor , you might not , but if they're going

32:29

there playing , you're going to get more eyeballs

32:31

on the university . It's going to attract more attention to

32:33

them . So , from a business

32:35

perspective , the university , I think likes it better

32:37

.

32:39

We will be right back after a quick break

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today . So

34:22

, diving into another headline

34:24

X University of Florida

34:27

athlete quarterback

34:29

Jaden Kittner , which

34:31

is son of Joe Kittner

34:33

, enters the transfer portal

34:35

. Why ? Because

34:39

he , he

34:41

, he was alleged

34:44

Having five

34:46

. He was charged with five counts of child pornography

34:48

. He accepted a

34:50

plea deal for it and

34:53

Now he's entering the transfer

34:55

portal because uf dropped

34:57

dropped him to see

34:59

if he can play Elsewhere

35:01

. So let's not get into

35:04

the weeds with the charges

35:06

, the plea and the allegations , but

35:08

let's talk transfer portal and

35:11

Some of these athletes that are

35:13

looking for second , third , fourth , fifth , one

35:15

hundred chances later , and

35:18

really talk about that . This

35:20

is what the transfer portal

35:22

is for . However , for

35:25

this case , specifically For

35:27

me anyway , if I'm interjecting my

35:30

opinion into this , if I'm

35:32

a coach of reputable coach , looking

35:35

at talent , am I bringing this

35:37

kid onto my program with with

35:39

what had happened . You

35:42

know what I mean . Like is this , this

35:44

guy gonna fall to the wayside or

35:47

is a program that's struggling that needs a quarterback

35:49

Gonna pick him up and give him a second chance

35:51

?

35:52

Probably . I mean , I would imagine

35:55

somebody .

35:58

Yeah , I mean not not .

35:59

D1 , not D1 , but

36:03

I'll tell you I wouldn't be shocked , man , like

36:05

the other guy who didn't know

36:07

these kids hazing like , look at how the two stories

36:10

intertwine with culture , right , like sometimes

36:12

you , when you're I mean

36:14

especially basically like a job interview

36:17

and those Interviewing have to make the decision

36:19

of whether or not those character qualities are ones

36:21

they can help change . Or they're going

36:23

to watch or they're like I'm gonna stand away

36:25

from this thing and they're gonna make that assessment

36:27

on it . You know somebody is gonna look

36:30

at this kid and say our

36:32

culture can change that . We , you know , we'll

36:35

give second chances . That's who we

36:37

are . When reality

36:39

they're driven by the dude stats , what

36:42

he can do , the program and how the program can win

36:44

and how that coach can . Unfortunately

36:46

, there are coaches out there that they

36:49

need the wins to keep the job , to

36:51

keep it going . That I mean the

36:53

reality of it . So you put a lot of

36:55

faith in your coaches at this point as a program

36:57

that they will do that , do diligence and

37:00

hold true to the University's values

37:02

while still making a good financial decision

37:04

.

37:06

Yeah , it's a conundrum of many of these

37:08

coaches Find themselves

37:10

in , whether you just say , well , man

37:12

, we really need a quarterback

37:14

. That's the only missing piece . You know we

37:16

can , we can get to . We

37:19

can , you know , get to 10 wins if we

37:21

get a guy of this caliber . But then you

37:23

know how does the university feel about someone

37:25

who had these type of allegations , and

37:28

I think that's you know when they'll start trying

37:30

to tout culture . We

37:32

can bring , bring them in and welcome them

37:34

and , you know , help them . You know , recalibrate

37:37

and get on a different path and like whatever

37:39

. But I , you know , I don't know . I haven't

37:42

seen the kid play so I don't know how

37:44

Good he is , but

37:46

I mean , if he was going to Florida he had to be

37:48

Talented you know he's

37:50

three star good going .

37:52

Three star , three star good

37:54

.

37:54

Oh , three star three star , you

37:57

know . But yeah , I

37:59

just think you see it on any level , right with

38:01

sports . I mean , we're talking about this on the

38:04

pro level with players like how could that

38:06

, you know ? How could that team take this ? You

38:08

know , a guy with these charges

38:10

or past reputation of whatever

38:12

it's like . They sign them . You know it's , you

38:15

know it's a branding thing , an image I'd

38:18

pass . Personally

38:20

I mean I don't know the guy , I don't know the severity

38:22

, but you know I do a whole chew

38:24

to character values when assessing . You

38:26

know the talent you want to grow .

38:28

So yeah , and I don't , I don't

38:30

, I don't , I haven't seen him play and I mean I

38:33

would pass on him more than likely . You know

38:35

. Just , you know we , we

38:37

survived without him will be good , you

38:39

know , without you know , taking a chance on

38:41

him .

38:41

That's , that's just me , but it's

38:44

the beauty of the portal though , too . Isn't it like

38:46

to be able to have that kind of Competition

38:50

within that ? Yeah , exactly right , which you

38:53

know ? I coached it a lot of levels

38:55

to high school , being one of them , and those kids

38:57

that have access To that stuff

38:59

is really difficult to find , you

39:02

know . So it's it's in . Coaches

39:04

are strapped to , like they can't provide all those

39:06

resources all the time to get the kids seen , do

39:08

the videos and stuff like that . So I think the portal

39:10

is a good thing , but it's competition

39:13

wise . You hope that they pass on those

39:15

kinds of players . Yeah , look for the good

39:17

ones .

39:17

I think I think the portals got is . I

39:19

think there's a lot of value in the portal . I

39:22

Think you know , sometime

39:24

you know players , you know they make

39:26

decisions on the schools they're gonna attend

39:28

and it just doesn't work out , you know , for maybe

39:31

there is a there , maybe there isn't , you know

39:33

a connection between the player and the coach

39:35

or the player and other players on the

39:37

team . You know , maybe the city that

39:39

they're residing in just doesn't really match

39:41

who they are as an individual and they need to

39:44

change the scenery Right and don't need to be penalized

39:46

for it by losing years . That

39:48

happens and I'm in full support of that . But

39:51

then , on the other hand , I mean I think sometimes

39:54

kids are just oh , I'm not playing , immediately , I'm

39:56

gone , I'm not gonna play here , I'm gone

39:58

, and that's repeating that cycle

40:00

. So I think when it's abused , you

40:02

know , we see the ugliness of

40:04

the portal and that's like with anything you know , but

40:07

I , you

40:09

know , I think you've got . The portal also

40:11

has all the other , All

40:14

the other black market Deals

40:17

that go along with it like enticements

40:19

you know , hey , transfer here

40:21

, we'll pay you , we'll give you this , this

40:24

much money , or we'll create , we'll give you this

40:26

car , or we'll do this for your family . You

40:29

know , I think all that , they all . I think there's

40:31

some of that happening too . Oh yeah

40:33

you know you know

40:35

.

40:35

Here's where I'm at with the whole thing , guys . So

40:38

the portal is gonna evolve , right

40:40

. So a couple notes

40:42

that I wrote down are

40:44

are there gonna be more stricter

40:47

rules associated with

40:49

how you enter into the portal based

40:51

off of your character ? So Right

40:53

now , we don't have any rules of who enters

40:56

into the portal , aside from you

40:58

have one free pass To

41:00

enter into the portal and you're

41:02

still eligible to play that same year . What

41:05

I'm thinking is gonna happen is , especially

41:07

as we see more of these characters

41:10

popping into the portal , right

41:12

is Is the transfer

41:14

portal gonna be stricter on

41:17

who enters in based off of character

41:19

, based off of Crimes

41:22

, whatever the case may be ? Because

41:25

if we look at it like NFL

41:27

, wise right doing , if something

41:30

happens that's bad , whether

41:32

you you are violent

41:35

towards your wife or your , you're

41:38

in domestic disputes or whatever

41:40

the case may be there's pretty damn heavy

41:42

penalties , and so

41:44

are we gonna start to see

41:46

that Strictness come down

41:49

into the NCAA for

41:51

that Um and

41:54

and again . This is all spitball

41:56

and right , because this is still new

41:58

and it's still a question . My

42:01

take is like I don't know

42:03

this kid at all . Like like

42:05

many of us , we don't know this kid , but

42:08

I do know a thing or two

42:10

about people that have parents

42:13

that grew up as professional

42:15

athletes and or Celebrities

42:17

and or whatever , and our culture

42:20

usually gives pretty

42:22

lenient Passes versus

42:24

like the normal person , like

42:26

us , right , like if this

42:29

same thing happened to

42:31

say me , it

42:33

would be a lot stricter . Like this guy

42:36

got off not registering

42:38

on the sex offender list and with community

42:41

service and whatever , whatever , and I'd

42:44

like to think in the back of my mind , that's

42:46

because of who his dad is , too , and

42:49

the nature of the beast , like I mean , guys

42:52

, let's call spade a spade , right , like these

42:54

are things to think about . Are we being

42:56

lenient because

42:58

of status and and

43:01

Are we allowing this

43:04

athlete to still compete

43:06

because of status , or

43:08

are we ? Are we doing the right things ? Like

43:10

? You know what I mean , I know it .

43:13

That's what I don't like about this

43:15

individual is actually the precedent

43:18

it sets for Everybody else

43:20

who's doing it right . You know what

43:22

I mean like this is Because

43:24

you can see to your point new

43:27

, new sort of ways . I actually think the portal

43:29

would be best suited by filters . You

43:31

put the power back to the individual making

43:33

the decision Right . Like the coaches , the universities

43:36

, you don't make that decision for that . That's like

43:38

you don't have to do it right . So a business

43:40

, if you don't have to put yourself in a corner , don't

43:42

do it right . It's like I can put the

43:45

risk on you , so put it in

43:47

it on them . But how many ? I mean I

43:49

know so many kids that have , like you

43:51

know , just misdemeanor charges , whether it's

43:53

a misdemeanor drug charge or something

43:55

like that that keeps them from even getting

43:57

jobs around here , right , like we have

43:59

a problem in in our justice system

44:02

with those sorts of offenses , holding people

44:04

back for everyday things . And

44:06

now this portal can run the risk of you

44:08

know , yeah , he's got . This is , I would

44:10

say , is a probably serious one , right

44:12

, but if you had another person who had

44:15

one , that's like man and you

44:17

know where's the line on it . So I think you

44:19

bring up a good point that there's

44:21

potentially new rules , and how do those new

44:23

rules affect Everyday kids

44:25

who maybe got a bad rap or made one bad

44:27

decision and now they can't even , you know

44:30

, look presentable or be seen in a portal ? You

44:32

know on this thing , so that's just my take

44:34

on that put that question you asked , which I thought was

44:36

good .

44:37

I Was a good

44:39

question . I want to try . I mean

44:41

I I think I agree there needs to

44:43

be a rule of and it's kind of a bag of worms

44:45

where's the line ? You know , a felony

44:47

is a felony , but there's a lot

44:49

of . I think each case has to be analyzed

44:51

and looked at and

44:54

, like he said , it's hard to get a job

44:56

when you have and If

44:58

sports is your way out and your way to

45:00

support your family , it's not Because

45:03

you made a mistake with the law . I don't think you should

45:05

be taken away from necessarily , but

45:07

I do think that it sets a bad example

45:09

going forward of what

45:11

is okay to get away with and

45:14

Be able . I don't think

45:16

that their , their scholarship should be taking me because

45:18

I think academic should be . I don't

45:20

think that should be taken . But I do think the rights

45:22

playing sport is a right and it's

45:25

something that should be taken away . If something

45:28

like that happens , I don't think

45:30

that's a good because there's a lot of

45:32

people would do it the right way . Like he said , yeah

45:36

, we're not rewarding .

45:38

We're not rewarding . It's like a uniform

45:40

, blanket approach right now , right . So

45:42

whether we have an athlete that's doing all

45:44

the right things or we have an athlete that is

45:47

a Opportunity

45:49

athlete , right , that is making some

45:51

poor decisions , we're blanketing

45:53

. We have a blanket statement right

45:55

now where we're not rewarding appropriately

45:57

and and I just don't

45:59

think that culturally that

46:02

is acceptable , and again

46:04

, that's just my opinion . I'm also old

46:06

school too . I was raised old school , but , jaden

46:09

, so were you , and and

46:11

a lot of things for you , jaden , are strict

46:13

because of your father and you and

46:15

you guys have to Dance a fine line . Dwayne

46:18

, same with you , chase , you

46:20

own your own business and so you

46:22

have to operate at the highest caliber possible

46:25

. And then , alex , you were

46:27

a professional athlete . Your image was very

46:29

important . I mean , you had to make

46:31

all the right decisions and you were on the

46:33

stage being looked at all the

46:35

time . So why

46:37

are we , why do we have this blanket

46:39

right now where , like , whether

46:42

you're good or bad , everything's the same repercussion

46:44

?

46:48

Yeah , I mean that's you

46:50

guys can get quite . I think it's a . It's a sort

46:52

of microcosm of larger sort of

46:54

life in general . Right , like you know

46:56

, you've got to work extra hard to

46:58

be seen , even if you're doing the right stuff

47:00

. You know we like to focus . I

47:03

think it's it's a values thing what we

47:05

focus on . But don't , don't lose

47:07

your values . Don't go chasing what

47:09

everybody's looking for today because , like

47:12

I've shared with you before , everything swings on a pendulum

47:14

. So you just stay tight , that pendulum is gonna swing

47:16

back and you'll be looked at quite differently when those

47:18

things change . Like don't , don't , don't go

47:21

with the , the way the winds going , stay true

47:23

to something solid . So you

47:26

know sure the eyes won't be on you

47:29

right now . It'll come back on you . You know , stick

47:31

to the process , stick to solid values and things

47:33

like that . Things sway back all the time . You

47:35

know you get sick of looking at things in one way . So

47:37

then you're like I don't want to look at this anymore like this . So it swings

47:39

back this way , like

47:43

yeah , I appreciate

47:45

you all for your opinion

47:48

on this .

47:49

I mean , it bodes . It bodes more questions that are unanswered

47:52

right now , but I can see changes happening , some

48:00

more to the transfer portal as it evolves because , again , transfer

48:03

portal and NIL are still too new and they're evolving All the time . So

48:05

let's move on . Transfer

48:07

portal wise , I have some stats that are

48:09

pretty interesting . Transfer

48:12

portal wise , I have some stats that

48:14

are pretty important . This is where

48:16

we'll start . Here in Jaden talk a lot

48:18

, so it'll be good . As

48:21

of right now , so as of the 10th of July

48:24

, here are the statistics of how

48:26

well utilized the transfer portal was for

48:29

NCA football right

48:31

now . At the top of that list

48:33

, colorado . So

48:36

, as we all know , dion Sanders is

48:38

coaching Colorado has 51

48:41

total transfers that

48:43

have been brought in to

48:45

Colorado , 51

48:48

. That has

48:50

a . That's 60% of the team right

48:52

there . 60% of the team is

48:54

transfers . Okay , let me finish

48:57

with the rest of the schools and then we'll

48:59

dive in . The next school behind

49:01

Colorado right now is

49:04

Ole Miss , with 25

49:06

people Leveraged

49:08

from the transfer portal 25

49:11

. Auburn is right behind Ole Miss

49:13

with 21 being

49:15

leveraged from the transfer portal

49:17

. Behind Auburn is

49:20

Oklahoma , using 17

49:22

and recruiting 17 people

49:25

from the transfer portal . We

49:27

have Miami and USC

49:30

, who have 16

49:32

people that they have taken from

49:34

the transfer portal . Lsu

49:36

and UCLA have

49:39

14 people that

49:41

they have taken from the transfer portal

49:43

. And then we have Oregon

49:45

that has 15 people

49:48

taken from the transfer portal . These

49:50

are just some top notable Schools

49:53

, right with the most that have

49:55

been taken from the transfer portals . I

49:57

know other schools have recruited

49:59

based off the transfer portal , but these were some of

50:01

the bigger numbers right here . Um

50:04

, in , in my take

50:06

, I mean the transfer portal is

50:09

there for a reason , right , and that's to

50:11

build a strong program . But

50:14

in my mind I Still

50:17

am a fan and Jaden knows this

50:19

too because , well , bias

50:22

and me , right , I'm

50:24

still a fan of the good old-fashioned phone call

50:27

and the old school

50:29

wave recruiting and really having the coach

50:31

in front of you and all of that

50:33

fun stuff . And I know that

50:35

Jaden and his dad work real hard

50:37

on that and it's it's

50:40

a lot of work and it's a lot of

50:42

time and it's a big time commitment versus

50:44

going on a computer and Looking

50:47

at the transfer portal and being like , oh

50:49

yeah , I'm gonna just click this button , I'm gonna put my

50:51

name in the hat and hopefully we grab this

50:53

person . So what are your

50:55

guys's thoughts ?

51:00

the transfer portal is . I'd like

51:02

to know , like , of

51:05

the schools that you mentioned , like

51:07

, let's say , colorado

51:09

, since they have 51 transfers , how

51:12

many high school kids did they recruit this

51:14

year ? Because I

51:17

think the real detriment

51:19

to the transfer portal has just destroyed

51:22

the number of high school kids and even junior

51:25

college kids that are going into the athletic programs

51:27

, and I think that's a problem

51:29

. You know , like if

51:31

you don't have so we're just looking at football

51:33

you know most schools on average would

51:35

recruit . Let's say they had 25

51:38

available scholarships and let's say they only took

51:40

. They said we're gonna take five junior college guys

51:42

and then all high school kids , so that's 20

51:44

opportunities for high school kids . Now , if

51:46

they're taking you know they got 25 scholarships

51:49

and they're taking 20 portal guys well

51:51

, how are you building a pipeline for that program

51:53

? There comes a point where you

51:55

run out of bodies . You

51:58

know you've just you've created a decision

52:00

that isn't sustainable , you know

52:02

. So now you know how do you manage

52:04

that ? So I'm

52:07

kind of from the school of thought where the portal is

52:09

good for , like filling an immediate need

52:11

, like maybe one or two

52:13

guys , but I mean assembling an entire roster

52:16

with portal guys . This doesn't really exist to

52:18

me . You know , that's now . I'm

52:20

sure there's some brilliant , incredible

52:23

incredible , incredible .

52:24

That's where I'm looking at it . I'm looking at it like

52:26

man . I wish I would have bought some stock

52:28

in Dion , because it looks like this

52:31

guy is a genius in what

52:33

he's doing from his perspective . Like agree

52:35

with everybody's points made about what it's

52:37

stripping from , but like from

52:39

the numbers , this guy is like he's killing

52:42

it up there , like that's the goals they wanted

52:44

to do as a university , as a location

52:46

, as an area . Dion's

52:49

been doing that for how long . I mean , he brought

52:51

his old prime time thing , brought

52:53

voice to a position and players

52:55

like never seen before . Right , he's taking

52:58

that model and bringing it now to

53:00

the university . And

53:02

, like he's people that are watching

53:04

you

53:07

know organizations that are watching they're

53:09

gonna find themselves in that dilemma where they're gonna have

53:11

to make the choice Do I go and compete in this

53:13

place with him , and is that who we

53:15

wanna be , or do we wanna keep it

53:17

old school , go directly . And this is how

53:19

we want to essentially hire

53:22

people to come play for us . Right , he's

53:24

just found a new hiring pool that

53:26

he thinks is a competitive advantage for

53:28

him in the program .

53:29

So yeah , that makes sense .

53:31

That's what he's Colorado

53:33

knew this was a huge business opportunity

53:35

for to get recognition . For that , I mean , just the

53:37

media attention alone is worth it to

53:39

hire him . But the kids transferring

53:42

, you know , just from a business perspective , I

53:44

mean you know I don't know where they're all coming

53:46

from , but these kids immediately

53:49

get attention on them just by being

53:51

coached by prime time , more than

53:53

likely . And you know , maybe some NIL

53:55

deals come in their way just because

53:57

they're on the team and getting

53:59

recognition playing in Colorado that they

54:01

may have not been in

54:04

their previous program . From a business perspective

54:06

, now , from a hiring

54:08

perspective , I agree with DeWayne here . I mean

54:10

you gotta have a pipeline plus . You

54:13

know , why are these kids transferring ? Is always my

54:15

question . You know , like where's the commitment

54:17

to the program that

54:20

you signed up for to begin with ?

54:23

There's not a lot of it , but

54:26

there's not a lot of it .

54:27

Yeah , it's like

54:29

, yeah , right , it's like dating , it's like , yeah , they left

54:32

somebody that could meet him again .

54:34

And Deon in the answer to all

54:36

your questions . So as a coach we do it's

54:38

not just pressing a button Still gotta call

54:40

the transfer kids to

54:43

agreement with . There's

54:45

, I think there's , I think maybe like a limit

54:47

on the year , like maybe your

54:49

sophomore year would become eligible to transfer . That

54:52

way we still have high school kids getting

54:54

recruited for that first two years , or

54:56

maybe you can't transfer after your sophomore year

54:58

, something that way it's more

55:01

fair . But I mean Colorado's

55:03

great team . It's gonna

55:05

be musty television every week for sure , and

55:08

we got to play in week two . I think we played them in their first home

55:10

games . I'm super excited

55:12

, I'm super excited , but they still

55:14

gotta play .

55:15

TCU .

55:16

They gotta play TCU , oregon , usc

55:18

, arizona State , stanford , ucla , oregon State

55:20

, arizona and Utah . So

55:23

we're gonna see how many

55:25

kids gonna stay around after this hot year

55:27

, but I hope they do

55:29

because USC's leaving

55:31

and I think Deon's in a really good spot

55:34

to really run that conference with Utah

55:36

and he's in a spot to be in a championship

55:38

game every year . If they stick around and

55:40

they should he's a great coach .

55:44

Yeah , you got a point .

55:46

Hopefully they stick around .

55:48

Hopefully Deon sticks around , man he might be , if he goes out

55:50

there and does well , See , that's that's , that's

55:53

that's that's the geniusness

55:55

, and it is .

55:56

He's looking for results now , right . To make

55:58

the next you know , this is yeah this

56:01

is results now type scenario . That's why

56:03

he's going through the portal , tried and true . You

56:06

know , go with . Go with players

56:08

that know a system Like he doesn't want

56:10

to have to deal with some young high schooler

56:12

in their sort of transformative years getting

56:14

adjusted and everything Like I got to win games

56:16

now . I'm primetime , you know if

56:19

I don't win games . This is , this whole thing crumbles

56:21

here .

56:22

Well , maybe his whole strategy is like okay , I

56:24

can go to this Colorado

56:26

you know a smaller Power

56:28

Five or not as prominent Power

56:30

Five win some games , then get a job

56:32

in you know the SEC

56:35

or you know the Texas of the

56:37

world , and where he's there

56:39

he can get the best high school kids . So he

56:41

doesn't need to flirt with the portal . Cause

56:43

you get oh , I want that top , top

56:46

300 quarterback , I want that top

56:49

100 running back . He's going

56:51

to get the cream of the , the pick of the litter

56:53

for all the high school players , which he can't do . He couldn't do at

56:55

Jackson state , can't do it at Colorado

56:57

, but you can do it . If you can get to Auburn , you can

56:59

do it if you get to Florida , you can do it at

57:01

Clemson , you can do it at Alabama , you know

57:04

. So he gets one . His

57:06

whole strategy will probably change .

57:08

That's true . That's

57:10

true . That's why we need yeah , he made that jump

57:12

right From Jackson state up to there . I

57:14

mean , that's it's Dion . Like you know who , dion

57:16

is right . It's just kind of follow , follow

57:19

the player .

57:20

Back to the culture question too . I mean he has a great

57:22

culture that he built you

57:25

know previously and bringing that to Colorado

57:27

I think . I think the kids are

57:29

excited to be a part of that culture and

57:31

you know why they're looking at playing

57:34

for him . I think they'll stick around longer

57:37

than typical programs

57:40

are doing right now , but he seemed

57:42

. He seemed to get it at Jacksonville

57:44

state .

57:45

I mean as a as a sport , as a sports

57:47

guy and being at Oklahoma

57:49

. It's fun when it's fun when they like

57:51

you and it's not fun when you are

57:53

projected like they're projected . Only win three

57:55

games and sell out every game .

57:58

So how hard is it to maintain the culture

58:00

when you're not willing to talk about culture

58:02

, I mean that , I mean it just

58:04

.

58:04

I mean we talked about Northwestern , just to start the culture

58:07

, you got 40 different kids

58:09

from different states . So

58:12

, you got a . I mean just to build

58:14

the team is going to be a fun camp , but

58:16

I mean I he had to do , he had to do

58:18

the car . I was outscored 406

58:21

to 155 last season . So

58:23

those players that were there , you got

58:25

to do it .

58:28

Yeah , yeah , but big risk come

58:30

with big falls , you know .

58:32

so that's , but that's , that's

58:34

beyond the first years , oh is

58:36

the roughest . So

58:38

that's for sure , yeah , and if you want , to Travis

58:41

Hunter one on one on the outside , you're going to

58:43

get results .

58:44

I mean , it's just going to be

58:46

a college football was getting a little sleepy

58:48

without this move in general . You know

58:50

it was kind of just those in there . So he added

58:52

, he added some life to the entire thing

58:54

. You know I tuned in for a little crime time

58:56

, for sure , I agree .

58:58

That's another . I'm looking forward to

59:00

watching them open the season . I'm sure they'll be on television

59:02

.

59:03

Yeah , yeah , exactly .

59:05

You guys bring up all , all of you bring

59:08

up awesome points , but one

59:10

that I want to bring up is

59:12

the academic side . Of

59:14

course , the PhD person brings up the academics

59:17

, and the reason why is because

59:19

, with the transfer portal , you have

59:21

all these different people coming in and , yeah

59:23

, they want to play for Dion . What

59:25

does this do for the university

59:28

as an entity , for academics

59:30

? You know what I mean . Like these

59:32

are the questions that I'm thinking about .

59:34

So , again , as a as

59:37

a coach , I can answer that . So we have a

59:39

whole team of whole academic team . We have our

59:41

staff meeting that analyzes

59:44

the university , stands in academic

59:46

people to football meetings and

59:48

they analyze all your recruits and they tried their

59:50

best to get them eligible

59:52

to be able to come play

59:54

. So if they need a 3-0 , we'll

59:57

sit down with academic guys . Okay , you

59:59

got to take this amount of summer classes to reach

1:00:01

this . You got to do that so they're

1:00:03

brought in at the nobody's

1:00:06

pass through if that makes sense . So they have

1:00:08

to meet the requirements no matter what , and

1:00:10

it's just a matter of extra

1:00:12

classes or or retaking

1:00:15

classes . That really gets guys

1:00:17

in Cause . A lot of , a majority

1:00:19

of like 95% of kids are

1:00:21

smart enough to get in there . Any

1:00:24

major besides , like Stanford

1:00:26

, you know , and UCLA , is tough

1:00:28

, but you know that going in Isn't

1:00:30

Colorado is a high academic .

1:00:32

That's a STEM school , right .

1:00:33

Yeah , but I mean when you , when you're

1:00:36

outscored by 300 points

1:00:38

and you cut all your players , you have 45 open scholarships

1:00:40

, so that's a lot of scholarships

1:00:43

. But you know , as long as you can get

1:00:45

in with the three , four , that's paid for .

1:00:49

Those tuition dollars are going to go up .

1:00:53

Not a lot of state guys .

1:00:55

Yeah , the tuition is about to go up . I

1:00:57

mean some money will flow into the overall education

1:01:00

program . You know , I think that's . You know

1:01:02

universities aren't heartless

1:01:04

. I mean they definitely want to look after

1:01:06

the education and the sustainability of people's

1:01:09

futures beyond there , right ? So it's

1:01:11

not a an all or nothing . So

1:01:13

this will give a boost to a lot of programs . You're

1:01:15

going to see some money trickle down into

1:01:17

some certain academic studies , maybe

1:01:20

resources you

1:01:23

know for them . I imagine you'd see some of that stuff

1:01:26

come through . You know , but

1:01:28

the tuition is definitely going up and that's

1:01:30

what you know . Everybody can be happy about Dion

1:01:33

being in their school . They ain't going to be too happy

1:01:35

when they see the bill for Dion . I mean

1:01:37

, who do you think pays for Dion ? Like

1:01:42

that's , that's what comes , like his new office

1:01:44

and all that stuff that's in there . Okay , that'd be

1:01:46

a lot of athletic program , all those resources

1:01:48

.

1:01:49

Eventually it trickles down the tuition

1:01:51

and what you pay it used to be like that , though

1:01:53

, to Colorado used to be good , really good

1:01:55

. They used to be top big 12

1:01:57

. So they're , they're used to being up there . They

1:02:00

were not . They were not having it . They

1:02:03

were not having it .

1:02:05

More to come on that one , Jaden , when I come visit

1:02:08

. You were definitely going down there , so just

1:02:10

yeah , I mean all you got .

1:02:11

I mean we play them second game . You guys will see me on

1:02:13

the sideline .

1:02:15

That game is stupid . Y'all

1:02:18

see , y'all see Dustin out there too .

1:02:19

You see Dustin out there .

1:02:22

So the game's in Fort Collins or it's in

1:02:24

.

1:02:24

Boulder . It's in Boulder . It's their first home game

1:02:26

, bro .

1:02:28

That's probably going to be on national television . I probably

1:02:30

only used to .

1:02:31

Yeah , yeah .

1:02:33

Look at that . You getting something off of the whole thing

1:02:35

, now I'm at a popcorn

1:02:37

rate .

1:02:38

Yeah , that's what I'm going to do , my .

1:02:39

NIL deals for that week .

1:02:41

Okay , good

1:02:43

transition , jaden . So let's transition

1:02:46

into NIL . I think we've talked enough about transfer

1:02:48

portal and we've had a lot of good conversation

1:02:51

with that , but let's , let's

1:02:53

dive into NIL . Dwayne

1:02:55

, I know pre-roll

1:02:57

, we were talking about some of these deals

1:03:00

and I know you have some information on that , so

1:03:02

the floor is yours . On NIL , the

1:03:05

only changes that I've seen

1:03:07

for rules right now is NCAA

1:03:10

is trying to get more of a uniformed

1:03:12

approach on the NIL . There

1:03:15

hasn't been anything yet because

1:03:17

they're still kind of waiting . Like most

1:03:19

politicians and politics , we're

1:03:21

going to be playing the hurry up and wait game . So

1:03:24

, with that being said , nil

1:03:26

wise , where are we seeing the majority

1:03:28

of the money's coming from , and about how much money and

1:03:30

about how much are

1:03:32

these athletes worth and

1:03:35

how's it measured ?

1:03:36

Yeah , you know , you know , while I was doing

1:03:39

my research , I started to like stumble upon

1:03:41

like some interesting stuff . You know , like

1:03:43

you'd see , like these

1:03:45

value valuations right

1:03:48

, and you wonder like , well , what does the valuation

1:03:50

really mean ? Is it like a house ? Well , your house

1:03:52

is worth , let's say , 500,000

1:03:54

, but how much money do you really have from it ? So

1:03:56

, you know , that was one of the things that I looked at

1:03:58

. But you know , really , I see , like

1:04:00

some of the women athletes who are really crushing

1:04:03

it in NIL , like , for

1:04:05

example yeah , biggest

1:04:07

like , for example , sonny

1:04:10

Lee , who was Auburn gymnast she

1:04:12

was in the . Olympics a few years back . I

1:04:15

mean her , her valuation was at like 1.6

1:04:17

million but it's probably all

1:04:19

legit because she won a gold medal . Right , she's

1:04:22

certified , she's official , but

1:04:24

she has sponsorships like Cliff

1:04:26

Bar , amazon , Gatorade

1:04:29

, like Invisalign , target . You

1:04:31

know those are like major

1:04:33

American , you

1:04:35

know companies , you know . So it's not like

1:04:37

. You know she's got a sound , she's got

1:04:39

to deal with Duane's local sandwich shop

1:04:41

in Auburn , alabama , or whatever

1:04:44

. You know it's like , it's like

1:04:46

real , you know . And then you

1:04:48

guys have probably heard of , like those , those

1:04:50

Cavender twins like the Haley , and Haley and

1:04:53

Hannah . They played basketball at University of Miami

1:04:55

but they were

1:04:57

at Fresno State , you know playing basketball

1:05:00

and they were . You know , one of them was a

1:05:02

starter , you know , and you know

1:05:04

there's articles out there that say like oh , they're making

1:05:06

all their money because they look good . You know they're

1:05:08

using their sexy .

1:05:10

Hey , that mountain-west basketball bro .

1:05:14

But they said those girls are earning $2 million

1:05:16

a year , like earning from

1:05:18

all their endorsements . Like they

1:05:20

have like a huge like TikTok

1:05:22

and Instagram following . You know , so

1:05:25

they're really popular . But then the

1:05:27

highest in

1:05:29

the top 10 of NIL deals

1:05:31

you know Olivia Dunn is the

1:05:33

LSU gymnast . Yeah

1:05:35

, like in money handover fist

1:05:37

man . Like she's got deals

1:05:40

with like Forever 21 , grubhub

1:05:43

. You know cosmetic brands

1:05:45

American .

1:05:46

Eagle .

1:05:47

Olivia Dunn Dude

1:05:49

. She's

1:05:51

the highest earning female athlete in California

1:05:53

.

1:05:55

Olivia , she's going looking . So you know

1:05:57

, we're not , we're not , we're not , we're talking

1:05:59

business here .

1:06:00

We're talking business here . Straight business

1:06:02

.

1:06:03

Straight business makes sense , the females

1:06:05

are earning a lot of money because females

1:06:07

are the biggest buyer in the market for

1:06:09

products . So

1:06:11

for these companies to sign on to female

1:06:14

athletes that are , you know , getting a lot

1:06:16

of eyeballs and attention . It's

1:06:18

smart for these companies to be doing it , For

1:06:20

sure .

1:06:21

And then you know , when you look at that , it's like , well

1:06:23

, what are the guys ? You know , are the guys getting

1:06:26

this kind of money ? There's information

1:06:28

floating around out there but , like I mentioned

1:06:31

, women are backed by Cliff

1:06:33

Bar , Amazon , target

1:06:35

, gatorade , where

1:06:38

football players are getting money through collectives

1:06:40

. You know .

1:06:42

Yeah , and you wonder like well , what is ?

1:06:43

the collective .

1:06:44

Who's backing the collective that's ?

1:06:45

always been my question .

1:06:47

I think it's like I think it's so

1:06:49

so so this is a great

1:06:51

, this is a

1:06:53

great time in history type of equal pay . And

1:06:56

I think this is great because

1:07:00

back in the day , like you

1:07:02

use Barry switcher recruits , you eat by your mama car

1:07:04

but very , very you know

1:07:06

if you're a girl getting recruited for

1:07:08

basketball , you weren't getting shit , you know , and

1:07:11

I think it's , and so I think it doesn't

1:07:13

make collectives for guys for a long time . So

1:07:15

this is great .

1:07:18

But .

1:07:18

But you know , but , but .

1:07:19

But if you look at like the top five , so they've made

1:07:22

projections right . So like

1:07:24

the top five NIL earners for 2023

1:07:26

. You guys won't believe

1:07:29

who's the number one projected in

1:07:31

IE earner for 2023 . You

1:07:33

guys probably will be thinking about it .

1:07:35

Got to be some sort of obscure Dustin's

1:07:37

. So

1:07:39

the obscure .

1:07:41

Dude Brani , James James

1:07:44

. Oh

1:07:46

yeah , yeah , and

1:07:48

archman there

1:07:50

are a lot of names there .

1:07:52

There you go in that valuation and that

1:07:54

call that valuation inflation . Right

1:07:57

, that's because

1:07:59

of the parents of that background , like yeah

1:08:01

, so other people got to look at that and

1:08:03

look at it with a little bit of like , all

1:08:05

right , you know , and let's

1:08:07

take Lebron James's kid out of it , right , that's

1:08:10

?

1:08:10

is it right with father ? Well , he's a good

1:08:12

basketball player .

1:08:14

So , besides , besides Peyton Manning's son

1:08:16

and Bron's son , who is beside them , so

1:08:19

number three is the kid Mikey Williams

1:08:21

, the high school ball

1:08:24

player .

1:08:25

He's a hoop yeah .

1:08:26

So he has a sportswear deal

1:08:28

with Puma . So you know

1:08:30

that's , that's pretty big . And then Caleb

1:08:33

Williams is number four . You know the quarterback

1:08:35

USC Trojans , the

1:08:38

best quarterback in the nation . He was number four . And

1:08:41

then number five college athlete was Olivia

1:08:44

Dunn , the LSU

1:08:46

team .

1:08:46

That 3.4 million , yeah

1:08:49

, 3.4 million , that's so , besides , so

1:08:51

, besides football , the highest paid athlete in

1:08:53

the world as a female , yeah

1:08:55

.

1:08:56

Mm , hmm , college . Well , brani

1:08:58

James , archman yeah , brani James and

1:09:00

Mikey .

1:09:01

Yeah , I want to count . You can't count the legacy

1:09:03

kids . No , I think you Right

1:09:06

. You boil it down .

1:09:07

You boil it down , the earnings , actual earnings

1:09:09

during a year . Right , I think she probably

1:09:12

does have them .

1:09:13

I think she has them too , just based on her

1:09:15

, her , her , her sponsors

1:09:18

. You know me count .

1:09:19

Instagram .

1:09:19

I mean she's got , she's got deals

1:09:21

with ESPN . Olivia Dunn

1:09:24

does . I mean she's , she's big time

1:09:26

, she is , you

1:09:28

know , top of the top . But

1:09:30

it's interesting , man like I just read

1:09:32

off all that and you know , when you're

1:09:34

looking for this NIL step online there's

1:09:37

so many like kind of sketch websites

1:09:39

You're like , where are they getting their information ? Is

1:09:41

it credible , you know ? But I did see

1:09:43

something on Sports Illustrated

1:09:46

, you know , and it had

1:09:48

me really thinking about

1:09:50

what , what the NIL marketplace

1:09:53

really looks like . And so they

1:09:55

were saying that NIL collectives are offering

1:09:57

like significant funds and it's

1:09:59

, you know , kind of like an NTA violation

1:10:02

, but it's unregulated . But they

1:10:04

were saying the top 10 ranked players for

1:10:06

like both football and men's basketball

1:10:09

, received an average of $500,000

1:10:12

each , $500,000 each , so

1:10:14

that . But they're saying just the top 10 , right

1:10:17

. And then they said the top 300 football

1:10:19

players you know are receiving like $30,000

1:10:22

a year and the top 150 basketball

1:10:24

players are making $50,000 a year , and

1:10:27

that's largely through NIL collectives .

1:10:30

So I think

1:10:32

that's great , all that money my

1:10:34

initial CPA question is how you file

1:10:36

taxes .

1:10:37

Yeah , I remember . Because you know other than

1:10:39

the James family and the Manning family who have the resources

1:10:42

. You know a lot of these families don't even

1:10:45

think about it or have the resources .

1:10:48

So like who's really on the hook , like

1:10:50

the collective providing the money

1:10:52

or the one receiving the money the

1:10:55

one receiving the money , the other one paying taxes on

1:10:57

it ? Are they paying

1:10:59

taxes If it comes in ?

1:11:00

like a check . So that's

1:11:02

, that's the . That's where I think the new

1:11:04

NIL is that they can start a business entity

1:11:07

and receive funds through that . That would be

1:11:09

their best route is to remove themselves

1:11:11

as an individual . Now , Chase , you can

1:11:13

probably back that up , but it's , you

1:11:15

know , create yourself some sort of shell to run

1:11:18

it through versus the individual for liabilities

1:11:20

and stuff . Right .

1:11:23

Yeah , liability a little bit , but you know , mostly

1:11:25

from a financial perspective . I mean , we

1:11:27

we focus on S Corp . Some have

1:11:29

been talking about S Corp for the last 12 years , teaching

1:11:31

attorneys about it too . But you

1:11:33

know , over the last 20 years of , you know , llc

1:11:36

S Corp , you know , is what most of these people

1:11:38

should be setting up , we're making over 50 , 60

1:11:41

K net profit after expenses . That's

1:11:43

like our break even for just setting up an S Corp

1:11:45

. So if you're , you know , getting 50

1:11:47

or 100 K plus and from

1:11:49

these collectives or you

1:11:52

know , nil sponsorship deals , you

1:11:55

know from whatever age you should

1:11:57

be setting it up and managing it that way . You

1:12:00

know you can be any age to have a

1:12:02

LLC S Corp . You don't have to be 18

1:12:05

over and you

1:12:07

know the tax savings from

1:12:09

doing it that way are thousands

1:12:11

of dollars . There

1:12:13

are tens of thousands of dollars , depending on what kind of money

1:12:15

you're making . So as

1:12:17

soon as you , you know , even consider

1:12:19

signing the paper , you

1:12:22

know , talk , reach out to a CPA

1:12:24

and have a conversation about

1:12:26

taxes , because otherwise you're just wasting money

1:12:28

to the government and overpaying FICA

1:12:31

, payroll taxes , movie

1:12:33

industry you know , a lot of kid actors do it . It's called

1:12:35

loanouts . You

1:12:37

know , and they're all all the major ones are working

1:12:40

under an S Corp as a loan out

1:12:42

in a production company . So

1:12:45

we're trying to educate the NIL deal and

1:12:47

I L kids with you know you need to set

1:12:49

up an LLC and need to make , you know

1:12:52

, make an S Corp election , you

1:12:54

sign the agreement of whatever deal you're making

1:12:56

under the LLC's name and

1:12:58

that way the LLC's you know , collecting the check , you

1:13:00

got to have a separate checking account . That's where

1:13:02

it kind of a licensed money manager

1:13:05

like a CPA can come into play to help manage

1:13:07

that process for you and make sure you're doing

1:13:09

it correctly . But from

1:13:11

a tax perspective , you know we're

1:13:14

trying to educate the market because this is so

1:13:16

new with NIL stuff . These kids , especially

1:13:18

in underserved markets like where I grew up and

1:13:21

Houston , you know they , they don't know

1:13:23

any better . Their parents don't probably even have a CPA

1:13:25

because they're just making a W2 and filing

1:13:28

turbo tax or some tax software

1:13:30

. So you know they don't , they don't get

1:13:32

into that conversation . But

1:13:34

if you own a business , you know you own rental property

1:13:36

. I mean , if you're getting

1:13:39

NIL money , you're in a business , plain

1:13:42

and simple , and you know you need to

1:13:44

think about reaching out to a CPA

1:13:46

at whatever age and , you know

1:13:48

, have a conversation to save on taxes . Otherwise

1:13:50

, again , you're just wasting it in for

1:13:52

the government .

1:13:55

Yeah , it's opportunity . I like it . You

1:13:57

know it's giving people opportunity start accruing

1:14:00

some wealth a lot earlier . You know it's

1:14:02

. But but I'll be honest with you . There ain't people out

1:14:04

there lined up to go tell you this information

1:14:07

, like sitting around waiting to

1:14:09

like oh , let me tell you exactly how to do it . You

1:14:11

got to go seek it out and get it . Yeah

1:14:15

, I mean , that's what you just heard it right there

1:14:17

, he's waiting for you , like you got to step and go ask

1:14:20

they might need .

1:14:21

I mean well , the biggest thing for me is you

1:14:23

know I years ago I

1:14:26

applied , you know , to be part

1:14:29

of the NFL players association and the Grammy

1:14:31

Association . Because we work with some of these people

1:14:33

and those

1:14:36

associations , I have an email they

1:14:38

do not accept CPA in their association

1:14:40

.

1:14:42

Oh , you know they don't .

1:14:43

They allow attorneys . They allow financial

1:14:45

advisors how many of those have you seen on American

1:14:47

Greed ? And they allow agents

1:14:50

but not CPAs . And

1:14:52

you know from you know I would say

1:14:55

I'm biased , but I mean it's called the

1:14:57

most trusted profession in America

1:14:59

for a reason , as we police ourselves

1:15:01

. So you know you don't see a lot of CPAs

1:15:03

. You know stealing money from people like musicians

1:15:06

and athletes . I mean , just

1:15:08

look at 30 for 30 . How many NFL

1:15:11

players have gone broke Now ? How many musicians

1:15:14

have gone broke ? Their own association doesn't even

1:15:16

care about them enough to allow CPAs in

1:15:19

the association to help them . So

1:15:21

it's really on the onus of the person receiving

1:15:24

the money , ie these kids and

1:15:26

getting an IELD to be aware

1:15:28

of it and think about it . They're not teaching

1:15:30

financial education in high school , teaching

1:15:32

it in college . You know . So you

1:15:35

know at some level . You

1:15:37

know you got to reach out and hopefully

1:15:39

watch this podcast and be educated

1:15:42

about it so you can

1:15:44

at least have a conversation and know what your

1:15:46

next step should be .

1:15:50

Education . That's the biggest gap

1:15:52

or the biggest success

1:15:55

to anyone . You're either educating

1:15:57

yourself or you're not , and so that's

1:16:00

why we had all

1:16:02

of you on right . Everybody has a lane

1:16:04

on this podcast right

1:16:07

now , and that lane is very specific

1:16:09

. And so for you , chase , like you're

1:16:11

right , like this is something that

1:16:13

everyone needs to think about

1:16:15

, because , at the end of the day , taxes aren't

1:16:17

going away .

1:16:19

Yeah , I mean I'm passionate about educating

1:16:22

the market and our clients and people we talk

1:16:24

to . I mean you can call us and we'll just have a conversation

1:16:27

, because I care about

1:16:29

people and we

1:16:32

always treat how we do taxes like

1:16:34

it's our own money . That's how we approach

1:16:36

maximizing tax savings here . But

1:16:39

I am passionate , just as a profession , to

1:16:41

help people avoid

1:16:43

overpaying taxes , and

1:16:46

I grew up in

1:16:48

East Houston . Nobody taught me how to manage a

1:16:50

checking account . In high school I

1:16:53

was naturally educating

1:16:57

myself towards money because it's

1:16:59

who I am . I'm not an athlete

1:17:01

, I never was outside

1:17:04

of Little League but

1:17:07

I'm the business guy and the money guy . That's why I always loved

1:17:10

money , but so did accounting

1:17:12

, got into taxes . But

1:17:14

so we're passionate about teaching families and kids about

1:17:16

it , because a lot of times

1:17:18

this money comes very early in

1:17:21

a life and these athletes

1:17:23

get money very early on . If

1:17:26

you spend it , the money goes away . So

1:17:28

we're not trying to educate to just save it all

1:17:31

, but at least manage it properly

1:17:33

and put a good chunk

1:17:35

away for a rainy day . So

1:17:37

it's there for you . I mean you invest

1:17:39

it properly , you can live off the dividends for the rest of

1:17:41

your life . If you're making 500K

1:17:43

a year from a collective man

1:17:47

that's impressive .

1:17:51

So , that being said , recapping

1:17:53

everything right , we've

1:17:56

discussed a lot today . We've

1:17:58

discussed and had conversations

1:18:00

centered around NIL , transfer portals

1:18:02

, around headlines and NCAA

1:18:05

, you name it . We got that

1:18:07

all out today . But

1:18:09

, in closing , for all of us , I

1:18:11

want to just go around to everyone

1:18:13

real quick Biggest takeaway

1:18:16

from today and most important

1:18:19

impact from just this episode

1:18:21

and what we discussed today , just

1:18:24

to kind of summarize it . So , instead of me summarizing

1:18:26

everything , right , we

1:18:28

have enough people on here to

1:18:31

have everybody's take on it . So

1:18:33

let's go around the room . We'll start

1:18:36

with Alex and then Chase

1:18:38

, dwayne , chaden , and all end us

1:18:40

up .

1:18:42

Man , well , I appreciate it . I mean what a great

1:18:44

conversation you

1:18:47

know . You got yeah to people listening . I

1:18:49

mean this is , you know you're going to get some great information

1:18:51

here , but you got to go and act and do

1:18:53

something on it . You know that's really the differences

1:18:56

in just acting

1:18:58

upon these things . But I will say , based on our conversation

1:19:01

, you know , just be

1:19:03

aware that it is a . You know

1:19:06

, be aware of the game you're playing . You know this is

1:19:08

a business and you are stepping up into it . There

1:19:11

are rules and there are guidelines

1:19:13

and there are ways to present yourself and

1:19:15

increase your value , and so

1:19:17

being aware of that actually

1:19:19

gives you the freedom to be yourself , play

1:19:21

with it , do different things in there and be

1:19:23

flexible and take it to the limit you want , but

1:19:25

just really understand

1:19:28

the larger scale . Step back and look at

1:19:30

it to see what's going on , because there's

1:19:32

a lot of interest in playing people working

1:19:35

around the scenes . So don't be naive

1:19:37

to the system you're in .

1:19:39

Very good point . Thanks for having me on . You

1:19:41

know kind of biggest takeaway is . You

1:19:43

know I always like to say all money

1:19:46

is not good money . So you know , think

1:19:48

about what you're doing . You know who you're

1:19:50

signing on to , where this money is coming from , what

1:19:52

are the expectations of the money . You

1:19:55

know it's important also

1:19:57

to think about . You know , before you sign that dotted

1:19:59

line , and then you know certainly , as

1:20:01

it kind of ended earlier you

1:20:03

know as soon as you're even considering

1:20:06

signing a deal or getting money

1:20:08

, you know , talk to a licensed CPA

1:20:10

about setting up an LLC

1:20:12

, maybe making an escort , how to

1:20:14

save on taxes . Because as soon as you get

1:20:16

that check , you're a business , it's

1:20:19

1099 money and

1:20:21

you're an independent contractor at that point

1:20:23

. So it's the onus on you to

1:20:25

pay taxes . It's the onus on

1:20:27

you to manage your own money properly . And

1:20:30

a lot of times I'm afraid

1:20:32

that we're going to see a lot of tax cases

1:20:34

with these kids spending all the money and

1:20:36

not saving enough for April 15th

1:20:39

to pay taxes . And

1:20:42

you know that's what we're trying

1:20:44

to help avoid here . So make

1:20:46

sure you're talking to a professional and you know

1:20:48

, remember that your agents

1:20:50

and your you know

1:20:52

it's not a licensed CPA

1:20:55

and not , you know , a licensed

1:20:58

professional , so to speak from a state board perspective

1:21:00

. So your attorney we always try to

1:21:02

communicate being a team around

1:21:04

you . You have an attorney , you have an agent , you have a CPA

1:21:07

, you have an insurance person , you

1:21:09

know whatever that team needs to be , your marketing

1:21:11

, etc . I mean , you're the CEO

1:21:13

of your business collecting that money . So

1:21:16

make sure you have the right resources around you

1:21:18

to protect your interest and don't end

1:21:20

up like everybody you see on TV that

1:21:23

went broke or somebody stole it from them .

1:21:25

I think it's . I think it's on me now . It

1:21:29

was a fantastic you know roundtable

1:21:31

discussion with some really brilliant and charismatic

1:21:34

guys here today and I

1:21:36

mean I think it's an exciting time in college athletics

1:21:38

. You know we've got you know , levels

1:21:40

of parity from a you

1:21:43

know compensation standpoint with the student athletes

1:21:45

that never existed . And now we've

1:21:48

got , you know , some of our top earnings

1:21:50

, top earners through college athletics

1:21:52

, through in the NIL program , are

1:21:54

actually women and I think that's an excellent , I

1:21:56

think that's a great time for us . On

1:21:58

the downside , I think we've got more people

1:22:00

making money through

1:22:02

NIL and collectives and there

1:22:04

can also be there can be consequences

1:22:07

of not doing things the correct way . I think Chase

1:22:09

said it best . You know you've got to be able

1:22:11

to set up your , your organization , your operation

1:22:14

, as though you're a business , because you are

1:22:16

at this point you're a 1099 worker , you're not

1:22:18

a W2 employee where taxes are automatically

1:22:20

deducted . And I think people

1:22:23

need to realize like what can happen . You might make

1:22:25

your $100,000 a year but if you didn't prepare

1:22:27

for taxes , you could be in for a rude

1:22:29

awakening and really , with the opportunities

1:22:32

you had to to put your life headed

1:22:34

in the right direction , with this windflow of cash

1:22:36

or this windfall of cash , you now

1:22:38

are owning the over in the government and

1:22:40

you know that could that could lead to

1:22:42

you know , garnishments in

1:22:45

future earnings that you have through an employer

1:22:47

. So I think this was very informative

1:22:49

podcast . I hope more , I hope more

1:22:51

people were able to listen to it and maybe

1:22:54

could take something from it . And

1:22:56

you know , I'm just really thankful for being on today because

1:22:58

I even I learned something too . So

1:23:01

, with that said , you know , I'll hand it over to

1:23:03

Jayden .

1:23:06

And again , it's awesome talking

1:23:08

with you guys and it's

1:23:11

great talking ball with you on this . Oh , it's fun . Definitely

1:23:14

want to do this again during the season , you know for sure . I

1:23:17

love to talk just about updates and what's going on and

1:23:19

, like the way it says , a great time for women and an

1:23:21

IEL deal . That's awesome . And

1:23:24

it's an exciting time with the transfer of

1:23:26

football , with all these conference moves , usc

1:23:28

going , the big 12 and San

1:23:30

Diego State leaving , and it's

1:23:33

really fun . And on the nonball

1:23:35

side , it's really open . Like doing this

1:23:37

, I learned something . It's really open eyes to the need

1:23:39

for someone , like you know , to

1:23:42

my chase to educate the

1:23:45

mandatory in classes in high school that you just

1:23:47

a class you take , you learn about taxes and

1:23:50

, as a honestly , I want to tell the team , as

1:23:52

a team football teams , we should be educating

1:23:54

our players on these things

1:23:56

and it should be a mandatory

1:23:59

class in my opinion . And

1:24:01

it's a great time for NIL

1:24:03

, especially for , you

1:24:06

know , you see the a lot

1:24:08

of middle class , middle class families

1:24:10

. Now you can start supporting your family

1:24:12

in high school and that's huge and

1:24:15

it's going to have a big impact on our culture

1:24:17

in America as well , especially in the

1:24:19

minority communities . You know it's going to be big

1:24:21

, that money coming in as soon as you get freshmen . Sometimes

1:24:23

. In some cases it's huge and it's really

1:24:25

important that you go to people like Chase to get

1:24:27

educated so you're not losing your money and

1:24:30

you're setting your family up for generational wealth

1:24:32

. And , on the back end of

1:24:34

that , it's never been

1:24:36

more of a time where more eyes are

1:24:38

on people , more eyes are on you as an

1:24:41

athlete . Through social media

1:24:43

, through your phone and we just saw it with Northwestern

1:24:45

. They can get you for anything , even things

1:24:47

you don't even know about , and so it's really important

1:24:49

for people in college like my age

1:24:51

to to be aware of that

1:24:53

and your presence and how you represent

1:24:56

yourself . And last but not least , it's

1:24:58

Dustin's birthday today .

1:25:00

What , oh , whoa

1:25:02

bro , it's a happy birthday

1:25:04

.

1:25:04

Happy birthday , Happy birthday man .

1:25:06

Happy birthday , man . I love you bro , yep

1:25:08

, thanks , thanks , jaden .

1:25:13

So , I guess it falls on me now .

1:25:15

Now that segue . So , first

1:25:18

and foremost , I want to thank all

1:25:20

of you guys for coming on . Great

1:25:22

minds , excellent conversation

1:25:24

. What Dwayne said , can't say

1:25:27

it any better . We have some brilliant minds that

1:25:29

were on this episode today and

1:25:32

that's not to discredit anyone that's ever

1:25:34

come on , but for this , specifically

1:25:36

in this topic , we had some brilliant

1:25:38

conversation . I felt

1:25:41

very , very well

1:25:43

stimulated with the conversation

1:25:45

that we were having . It was , it

1:25:47

was just amazing . Things came up

1:25:49

that I think we're going to be watching

1:25:51

now , or whether it be rules

1:25:53

that are changing or whatever . We

1:25:56

brought up some good points . I think

1:25:58

I'm going to reinforce , like

1:26:00

Dwayne and everyone else has to chase

1:26:02

, specifically , if you

1:26:04

all don't have a CPA

1:26:07

in your corner , it is very critical

1:26:09

to think about that and

1:26:12

I just can't say it enough , especially for

1:26:14

Chase and yes , I'm biased , chase

1:26:16

, I'm biased to you , but , like

1:26:18

, find a CPA that you can trust and

1:26:21

one that is knowledgeable in

1:26:23

the journey that you're heading down . Right

1:26:25

, chase brought up a lot of

1:26:27

knowledge bombs today that I think

1:26:30

are important to think

1:26:32

about . So , chase , thank you Alex

1:26:34

. It's always amazing having

1:26:36

you on . It's always fun . I love

1:26:39

just the conversation , whether

1:26:41

it be from athletics or even your

1:26:43

business mind man

1:26:45

. You're going places that

1:26:47

I can only hope I can head . So I

1:26:50

appreciate having you on Dwayne

1:26:52

. You and I have a long , long

1:26:54

relationship right and

1:26:57

it's just growing bigger and bigger . Man

1:26:59

, I mean , I never would have thought when

1:27:01

you and I puny little

1:27:04

MBA people in

1:27:06

school , would ever ever

1:27:08

be on a stage like this where you

1:27:10

and I are discussing things that

1:27:12

are relevant and important . So my

1:27:14

relationship and friendship with you is

1:27:17

super important and so always

1:27:19

it's a pleasure with you . And then

1:27:21

Chaden you already

1:27:23

know , dude , like I hold you

1:27:25

in high regard . You and your

1:27:27

family . You're amazing . Your

1:27:30

growth and you can see

1:27:32

this looking at podcast episodes from

1:27:34

the beginning all the way to now I mean

1:27:36

you're growing at a substantial rate

1:27:38

in your mind and

1:27:40

in your education and your

1:27:43

knowledge . You are just by far

1:27:45

man like you . Being as young

1:27:47

as you are , you're just amazing and

1:27:49

I cannot wait to see

1:27:51

Colorado performs one . So

1:27:54

don't let me down there , but Colorado

1:27:56

State , colorado .

1:27:57

State , I meant to say Colorado .

1:28:01

Yeah , me too . I'm interested in

1:28:03

that . No , I can't wait

1:28:05

.

1:28:06

No in all seriousness to see Colorado

1:28:08

State performs because there's nowhere to go . I

1:28:11

know you've been putting a lot of hard work in with your

1:28:13

dad . I mean you and your family

1:28:15

nothing but respect . I mean

1:28:17

I'm like the black

1:28:20

sheep sometimes , but I know I'm part of your

1:28:22

family and I just love you . So

1:28:25

like , thank you for coming on

1:28:27

. So like for this guy is like thank

1:28:29

you for everything . For

1:28:31

the listeners , I will have

1:28:33

Chase's link up if

1:28:36

there are listeners that need to

1:28:38

talk to him . For CPA , if

1:28:40

anybody wants to talk to any one of us

1:28:42

, alex is on every

1:28:44

social media under the sun . Like me , I

1:28:47

will try to make some relevant

1:28:49

social media posts to

1:28:51

tag him in so you guys can talk to him

1:28:53

. Dwayne is on LinkedIn , and

1:28:57

then for Jaden , jaden's on every social

1:28:59

media under the sun too , so I'll make

1:29:01

sure that his relevant

1:29:03

hashtags are on there as well , too . So

1:29:05

, everybody , thank you . Thank

1:29:08

you to everybody that was on today too . I

1:29:10

appreciate you guys . We are not a

1:29:12

good podcast without having brilliant minds

1:29:15

, and this is just another example of one

1:29:17

. So thank you

1:29:19

all . Thank you for listening to chopping with fire . If

1:29:21

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1:29:32

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1:29:46

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1:29:48

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