00:00The clown prince Nick Saban was at it again talking about how NIL's the death of college sports
00:07because he's claiming that if you don't spend you know up to 20 million bucks a year in your
00:11football program you can't compete. It's always funny to me when the guys that are against the
00:17legal spending on talent and the college ranks who did it illegally for so many years are now
00:23bemoaning the fact that every team has the ability if they have a big enough and generous enough
00:28donor to actually stroke a check to support whatever athletic program you know that person
00:33or a people like to support. It's not it's typically men's football and basketball but there are also
00:38programs where the women's sports are supported. Texas Tech softball. Texas Tech softball millions
00:44of dollars. South Carolina basketball it was six million dollars this year. That's why they sell
00:49out every game. Had an operating loss but the money was there to attract you know the top town and
00:54it
00:54dawned on me that Nick Saban is still of that era of you're like the Jim Boeheim's of the world.
01:00You're like the um you know you're obviously your successful well-known coaches whether it be
01:05football or basketball who got away with bloody murder. Yep. By paying guys under the table when
01:10it was not legal to do it or giving them no-shirt jobs or providing them with cars and and
01:15gifts to
01:15make them want to go to certain schools or literally brown bags of cash. Well now that it's above board
01:21and everybody's allowed to do it there's an actual reason why teams like Alabama don't dominate
01:27every single year in college football anymore. Why Syracuse is no longer a threat you know to go to
01:32the Final Four. Right. Or win the Big East because we've leveled the playing field. When you're the only
01:38people spending money on players you get the best players. Yep. When everybody can spend money on the
01:45players now you have a level even playing field which is why a team like Indiana that's got a
01:50guy like Mark Cuban writing big checks for the football program. They can go from arguably the
01:57worst football program in the Big Ten forever. Well they had the most losses. They have the most
02:02losses. Right. To all of a sudden being a dominant powerhouse that might become you know a two three
02:07four five time champion as long as Kurt Signetti's there. So there's actual tangible proof that allowing
02:14everybody to pay for players has made the game more competitive. Yep. And has stopped the haves
02:21versus the have-nots. Right. It's also why Notre Dame isn't in the tournament last year and a perennial
02:27number one type team. Right. So here's the reality. I did a little research. Yeah. Because he's bemoaning
02:34the fact that what started off as five million bucks became 12 became 17 and I think last year Alabama
02:40spent 20 million dollars just on the football program. The average endowment of an SEC school
02:47right now today is about six billion dollars. Uh-huh. Let that sink in. So for those of you that
02:55don't
02:55know what an endowment is that's how much money they have sitting in the bank today. Right. That money is
03:00typically used for academic pursuits but that's how much money they have. Whether it's to build a new
03:06building whether that's for a new program whatever it might be. Whatever it might be. Yeah. They've got six
03:11billion dollars that they're sitting on. Right. Well football at Alabama is a net positive revenue
03:19producing sport. Makes sense. So you're telling me that Alabama can't take 20 million dollars out of
03:26the six billion dollar fund they're sitting on which is going to produce a net profit because they're so
03:34popular. They sell jerseys. They sell all the games. And the TV deal. And the attendance. Right. All of it.
03:39And all the things that have the Alabama stamp and logo on it. Yep. Yep. That you're telling me that
03:44you can't compete? Of course they can. You're telling me that you can't take 20 million dollars
03:50out of a six billion dollar slush fund and use it on a net positive revenue producing sport? Well I
03:58say to
03:58you yes you can. I say to you that teams like that schools like that and it's every school in
04:04the
04:04SEC that has on average about six billion dollar endowment has the ability if they so choose
04:10to compete tomorrow for a national championship. Whether that be basketball. Whether that be
04:16football. And by the way not just men's sports. If you think highly of female college athletics
04:24and you want to have the best women's softball team. Right. You have the money to do it.
04:29UConn women's basketball spins big. Correct. To win big they spin big. You are choosing not to do it.
04:34Right. This is not whether or not you have the ability to do it. These schools are making the
04:38decision not to do it. I always use Syracuse as the best example. Jim Boeheim the former head coach
04:45of Syracuse for the first two years after his retirement was picked to be the face of the NIO
04:51fundraising for Syracuse. So a bunch of us alumni sat down and met with Jim Boeheim. One of my buddies
04:56is a very successful well-to-do guy who loves Syracuse would love to stroke that check sat with
05:01Jim Boeheim. Syracuse is sitting on anywhere from five to seven billion dollars in their endowment.
05:08Okay. So they can compete endowment wise with the SEC. They made a 30 million dollar profit on
05:13basketball a few years ago. They had six hundred thousand dollars in their NIL account and they're
05:19asking people with their hands out will you stroke a check? No. Well why would I stroke a check? You
05:24have a six billion dollar endowment. You have a 30 million dollar net profit on your sport. Why am I
05:30writing the check when you can write the check? That's right. That's all this is about.
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