00:00Obviously, I'm a fan of Nill, and I think this should have been done.
00:04And you know what, Spence?
00:05If they would have been doing this during our time and maybe even before our time,
00:10they wouldn't be in the position that they were in.
00:13I always believed that, hey, back in our day, give a freshman $100 for a week.
00:19Give a sophomore $200 a week.
00:21You wouldn't be in this position.
00:23So I'm all for Nill.
00:25Are you for Nill?
00:27Absolutely.
00:27I'm absolutely for it.
00:28And again, I love the fact that even though it's $100, as you mentioned,
00:32you're at least introducing the notion of consideration for something that's traded.
00:36The value construct can change over time.
00:38As you make more money, again, don't muzzle the ox.
00:41The metaphor makes it plain.
00:43If they're treading for you out there, let them eat every once in a while, right?
00:46You've got to do that, and don't ignore that fact.
00:48So I'm on board with what you're saying there.
00:50I think it's like anything else.
00:52It's slow to change.
00:53It's like that big aircraft carrier that takes about a mile and a half to turn that thing all the
00:57way around.
00:57It's not an easy pivot, right?
01:00But you've got to at least introduce a culture that recognizes who these athletes are and have been.
01:06I mean, when you look at it, Sherman Antitrust Law was created in 1890.
01:10There has never been a point in time in the 120-plus years that the NCAA has been in existence
01:16where they've actually been legal.
01:17We've just never questioned it until Neil Gorsuch and those guys got together and, in a 9-0 decision, flipped
01:23everything around.
01:24And so, again, how it got this far is really amazing.
01:28It really is.
01:30Transfer portal.
01:31Do there need to be guardrails on that, or are you okay with what they're doing?
01:36Yeah, but it's hard to defend that when you, again, had this squirmishing going on about the revenue.
01:41You don't even want them to make any money.
01:43But yet every president, every chancellor, if someone gave them an opportunity to go to, let's say, McNeese to Pepperdine,
01:50well, who's not going to make that jump, right?
01:51Well, then nobody's going to tell that president he can't make that jump if he gets that opportunity.
01:55So why would you want to control an athlete who gets the same thing, unless you have a relationship with
02:01them that's not fair and just?
02:03If the president, the chancellor, and someone else can move, or the academic counselor, or the professor can move with
02:09impunity from one institution to another,
02:11I don't know how you look a person with a straight face and say, no, you're not going to be
02:16able to shift.
02:17Otherwise, the disincentive is you have to sit out a year if you do.
02:21I don't understand.
02:2330 seconds here.
02:24Yep.
02:25The job that Cignetti did at Indiana is amazing.
02:30There's the template for everything, right?
02:32He did what Bud Wilkinson did inadvertently back in the 50s.
02:35It was the war, Korean War, that created this, right?
02:38All of a sudden, you got 23, 24, 25-year-olds on your squad.
02:41They don't make as many mistakes.
02:43I heard you talking about J-Dubb a few minutes ago.
02:45You guys were talking about, hey, why did they win?
02:48It's the immaturity.
02:49Older players don't make many mistakes.
02:51That's the reason why they won, and smart teams will have the same thing.
02:54You already see it playing out in recruiting.
02:56You already see it playing out in recruiting.
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