00:00A similar situation, isn't it? Let's see what happens.
00:03We're working on seeing if we can make a deal right now.
00:05We're going to see. We'll soon know, I guess.
00:09We're going to see a lot of death.
00:11Last month, fellas, 25,000 soldiers were killed in Ukraine and Russia.
00:1625,000. Can you imagine that?
00:19Maybe we should send our team over.
00:20Mr. President, if I could.
00:25You guys were a team of amateurs.
00:27What do you think about the NIL, the deals that are being made with players,
00:31and they're hopping around sports?
00:33What do you think about that? What are your thoughts on that?
00:35My thoughts are I don't like it.
00:37I don't like the nil. I don't like the portal.
00:40But that's the state of college sports today, and we have no control over that.
00:45I don't like it, and a lot of people that I've spoken to don't like it either.
00:48But we have no say.
00:50Well, I think we maybe do have a say.
00:52I think that it's a disaster for college sports.
00:55I think it's a disaster for the Olympics.
00:57Because, you know, we're losing a lot of teams.
00:59The colleges are cutting a lot of their – they would call them sort of the lesser sports.
01:05And they're losing them, like, at numbers nobody can believe.
01:09And they were really training grounds.
01:10Beautiful training grounds.
01:12Hard-working, wonderful young people.
01:15They were training grounds for the Olympics.
01:16And a lot of these sports that were training so well would win gold medals because of it.
01:21Those sports don't exist because they're putting all their money into football.
01:24And, by the way, they're putting too much money into football because colleges don't make – even the most successful universities don't make that much money.
01:33And you can't pay a quarterback $14 million to come out of high school.
01:38They don't even know he's going to be a very good player.
01:41I mean, they've tried a couple of times.
01:43$14 million and $12 million.
01:45And a couple of deals like that and the most successful colleges are losing money.
01:50And I think the NIL is a disaster for sports.
01:56It's horrible for the Olympics.
01:57And it's – I think it's actually horrible for the players.
02:01And you're losing all of these great sports.
02:03They're not college football.
02:05Even basketball is being affected.
02:07Basketball is second.
02:09But even basketball is being affected.
02:11They're putting all of their money in.
02:13And I know something about it.
02:15They will not be able to stop.
02:17You're going to have a college president.
02:18I'm telling you, sir, if we give a guard $7 million, we're going to win the national championship.
02:24And they'll give them $7 million and they won't win it.
02:26And even if they do – colleges cannot afford to be paying the kind of salaries that you're hearing about.
02:32And, frankly, if you didn't have a very strong salary cap in sports – and even then, in professional sports,
02:39it would – they'd all be out of business.
02:42Everyone.
02:43You're going to have these colleges wipe themselves out.
02:46And something ought to be done.
02:48And I'm willing to put the federal government behind it.
02:50But if it's not done fast, you're going to wipe out colleges.
02:53They're going to get wiped out, including ones that do well in football.
02:56They can't pay $12 million, $14 million, $10 million, $6 million for players.
03:02They won't be able to stop.
03:04They'll always be that one player.
03:06They only have that player that's going to win the national championship.
03:09And they'll have 100 colleges thinking the same thing.
03:13Colleges cannot afford to play this game.
03:15And it's a very bad thing that's happening.
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