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What is going on everybody? John Middelkoff three and out Podcast how are we doing? Hopefully everyone's doing well and we're going to talk a little football today because we had some news coming out of the owner's meetings. We have A lot of people are still talking about Brock Purdy. Is he overpaid? Is he underpaid? Are we sure that all these guys aren't a little underpaid? Quarterbacks and coaches in general? The Eagles hire a former gm. I think it speaks to what we've been talking about when it comes to that franchise. The Bengals still at a staring contest with their first round pick. Everyone's participating in rookie minicamps and OTAs, yet they can't figure it out. And then of course, a little mailbag action At John Middlekopf. At John Middlekopf is the Instagram fire in those DMs and get your questions answered on the show. Appreciate everyone that fires the dm. If I've missed your dm, make sure to either bump the your message because a lot gets lost in the shuffle. It doesn't. It's not like an Excel spreadsheet where I can kind of put it in order. It's just, it's kind of hard. If I click on it can get lost. So if I if you've asked a question, I haven't gotten to it over the last couple weeks. You can just go back in there and bump it if you want it red. And we're going to need you because it's, it's, it's the off season, the heavy off season. So I still appreciate Roger Goodell and the owners making some, making some news. So we got some football stuff to talk about. But if you subscribe to Collins podcast and that's where you found us, appreciate you make sure you subscribe to 3Now podcast separate because we do content that doesn't get uploaded on the feed. Also YouTube channel. Everything we do goes up on the YouTube channel so you can watch us video wise if you would like. But before we dive into some football talk, you know, I got to tell you about my friends, my partners and the official ticketing app of this podcast, Game Time. 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So take the guesswork out of buying tickets with Game Time. Download the Game Time app, create an account and use the code John Johan For $20 off your first purchase terms apply. Again, create an account and redeem the code John for $20 off down the Gametime app today, last minute tickets, lowest price is guaranteed. You know, it's funny, anyone who invests in the stock market and just keeps an eye and reads things about the financial institutions and how they deal with some of these big Fortune 500 companies and what those individuals in charge of those operations get paid and are compensated, not just the CEO, but people on the board and the money that flows into their pockets. Yet when you look at the NFL, and I would say this, at pro sports in general, the players are revenue Sharing partners with the organizations, with the. The entity that are is the leaks. And if in the NBA, it's 30 teams and the NFL is 32 teams, and for every dollar that comes in on a certain. Under the umbrella of what categorized as shared revenue, we split it, you know, 49, 51, 50, 50, 51.5, 48.5, whatever the individual deals are, yet the owners collect that money and then the players have to fight for it. It's kind of crazy. Like the deal I have with the volume, like I don't have to fight for the money that is negotiated in the contract, right? Yet as a player, whether I'm Brock Purdy, whether I'm Micah Parsons, whether I'm whoever I am, I have to have an agent who fights for amount of money that is allotted for me. Now, we can negotiate how much that's going to be. And the better the agent, the better the negotiating, the more money I get of the pie that is allotted for me. So it's not an easy position to be in. Despite the money that is flowing, you're guaranteed to make money as a team, right? And I just saw the 49ers today shattered a record for being the highest valuation in the history of the sport, because a lot of these teams are now selling a portion of their franchise to get a cash infusion. Jed York, I think, just sold like 10% of the 49ers and got almost $900 million because the franchise was valued at 8.6 billion, which breaks the previous record of the Eagles, where Jeffrey Lurie did the same thing for $8.3 billion. So it's for most of these guys, an incredible investment. And, you know, Jeffrey Lurie bought the team, the Yorks and Jed and his parents, who technically own the team, Jed is kind of the acting CEO and managing partner, got the team because they're, you know. Jed's mother's brother, Eddie DeBartolo, got caught brown bagging a politician in the late 90s trying to get involved in some riverboat gambling in the South. And the feds were on that politician and got in trouble and had to divest his interest in the team. So it's not like they purchased it. They got it because of, you know, some Donnie Brasco shit. And I was thinking about it, because I actually was checking out YouTube this morning, and I saw Chris Sims and Florio, like this video they had posted, how coaches are underpaid. And I started thinking, and I've been saying this for a while, if I have a franchise worth $8.6 billion. Let's use the Chiefs, for example. I don't know their exact valuation. It would not be as high as the Niners or the Eagles because of the market. But relative to how good they are, Mahomes, and it's rolling, it would be pretty freaking high. Let's say $6 billion for the Kansas City Chiefs. And Andy Reid, who is. When you have an elite coach like Andy, obviously Patrick Mahomes, If I could choose, and I would probably say this to Andy, if I could choose Andy Reid or Patrick Mahomes, I would take Patrick Mahomes. But there is not another player on that team. Chris Jones, old Travis Kelsey, Trey Smith, you name it, that you would take over Andy Reid. Yet Andy Reid, let's just guess, makes 15 to 18 million dollars. Where you know, in these other line of work with these billion dollar corporations, the CEO, which Andy is, I mean, when you're the head coach, you are in charge of everything. And like we just said, I mean clearly the value of that individual, Sean McVeigh, Kyle Shanahan, Jim Harbaugh, you go around like their importance, Belichick forever is pretty important. Nick Saban at the college level, Kirby smart now. And those guys don't actually make nearly what they should. And I actually think the way that it comes out, like no one knows how much Nick Sirianni makes is not ideal for their business model of trying to get paid more. And I know Jerry had mentioned when he hired Brian Schottenheimer that at one point in time in his life he desired to be a coach, but they didn't make any money. And he said, looking back, if I knew what they would make when I'm paying them now, I would have been more interested in the profession. And I'd argue that they are still really underpaid because look at Sean McVay. What's he worth to the ramps? 30, 40 million dollars? Like would you rather have some other coach just take your chances on hiring someone random or pay Sean McVay what he's making in double his salary? And like we just talked about the quarterback position. Whatever Patrick Mahomes and Josh Allen and Lamar Jackson are making is a deal, right? I say this all the time in the NBA. Like the amount of guys making max contracts is pretty laughable. There are countless guys on max contracts. If they disappeared tomorrow, no one would notice. And then there are guys like Steph Curry and LeBron James, what they bring to the table, not just for their franchise and the valuation of that franchise, but for the league and the television ratings, you could triple their salary and it probably wouldn't be enough. Right. You could take every salary in the WNBA and give it to Caitlin Clark, which he's brought to the table and she would probably be underpaid. And Brock Purdy, we make such a big deal over how much money he make, how much was he going to get? Is he going to eclipse this guy? Is he going to be below this guy? Like in terms of the value what he means to the 49ers when you just factor in that a couple years ago they swung and missed on a quarterback high in the draft and gave away three first round picks. If he hadn't come along, all these guys would be fired and the 49ers would be in shambles. I'm old enough to remember when Jim Harbaugh showed up to San Francisco. They played at Candlestick and they were doing everything possible to try to get a new stadium. Then his first year there, they went to an NFC championship and then the momentum was gained and they got a stadium in the heart of Silicon Valley that took the York's net worth to a different stratosphere. And when I saw what Jim Harbaugh did last year, whatever Jim Harbaugh is making from the Chargers, he is vastly underpaid. And I'd say the same thing about most quarterbacks. Listen, what I want to a tongue of Iloa as my starting quarterback. I would not. But his value to the Miami Dolphins, yeah, they can't win a playoff game, but they can't win a game without him. They can't function. So I'm guilty of this. We bitch and moan all the time. It's like, oh, you're really going to give to a $50 million? This is crazy. Well, relative to what they have, they are completely, you know, what if he's not around because we see year in, year out, when he goes down and they put whoever in, it's a wrap. And to me, and listen, Dak Prescott originally, when he signed his first contract, it's like, guys, you drafted me in the fourth round. Then Tony Romo's back broke and I saved you guys. And I think there's an element to that with Brock Purdy. Like I'm still giving you guys a discount, but never forget without me, like if I hadn't been here, y' all would be screwed and let's face it, probably be out of a job. So. Well, yeah, Kyle, you're probably underpaid. You would have been fired here a couple years ago if I didn't come through. So I do think that we spend so much time talking about this. The value of the quarterback, the value of the coach, and then we kind of bitch and moan when they get paid. And listen, this is an exercise that's never going to change because it is a salary cap league. And how much you pay these guys does matter. I think the problem is, is when you pay a guy like, you could easily justify, you know, that if two is your starting quarterback, you can win nine or 10 games if you do a good enough job building the team. Like I. When we saw that happen to Trevor Lawrence, I'm like, I don't know about this. That seems a little crazy to me. Now, you could probably argue both sides. My issue is when you pay a guy that you don't even know if you can win with. And when I say win, I don't mean the super bowl, because winning just regular season games is how these franchises make money. And if you're in the playoff every single year, like, you're going to have a very, very lucrative business where in a business model where you can't really fail. But there's a way to make way more money, and that's just by going to the playoffs every year. Ask the packers and ask the Steelers, like, why their franchises are worth so much money in smaller markets. Because they've been winning for decades upon decades. We talked the other day about, like, listen, we can nitpick Sirianni all we want. He can't call place. You know, he's a young offensive coach that cannot call place. Which, yeah, I mean, that's a little bit of a head scratcher. But Mike Tomlin has never called the defense for the Pittsburgh Steelers. John Harbaugh doesn't call offense or defense for the Baltimore Ravens. Never has, never will. And we applaud those guys. It's like, well, they just win. And you look at Sirianni and his records, like, well, this guy just wins. And it just dawned on me yesterday, and if you listen to the podcast, we talked a lot about it, like, he really benefits just like those guys from an incredible infrastructure. And it starts with the owner. And today, or I guess within the last 24 hours, it was announced the Eagles are bringing back Joe Douglas after just losing a couple guys to the, to the Raiders. And who knows, maybe there'll be more announcements. They've lost several people from their front office. Now, granted, the Eagles have one of the bigger front offices, and if not the biggest in the NFL, well, what does that tell you? Their owners Spending a lot of money. And last year, what happened when Vic Fangio got out of his deal? He made Jeffrey Lurie, made him the highest paid coordinator in the NFL. What happened this year when Joe Douglas was available, which in NFL circles, personnel moves usually happen in terms of hiring after the draft, they hire Joe Douglas and it's not like he's getting paid from the jets anymore. Remember, his contract is over. And this gets back to the difference, the way to separate in the NFL because everyone abides by the same rules. We all have the same amount of cap space. We all have the same amount of draft picks. We just get to pick and choose how we want to allot them. Do we want to trade for a player? Do we want to pay this guy? Do we want to. We could do whatever we want, right? The Atlanta Falcons chose next year to not have a first round pick because they wanted James Pierce on their roster. Don't blame him. I mean, I do. I think it's a stupid trade, but like that's their prerogative. They're allowed to do what they want to do. So I think Jeffrey Lurie has really, really taken advantage of his situation by just spending a lot of money when it comes to coaches and front offices. And that's an easy way. Like this is all in the margins, right? The difference of Everybody in the NFL, especially the top six, eight, 10 teams, is really, really small. We've seen like how close these playoff games are against the Ravens and the Bills, against the Rams and the Eagles, right? These, it's a play here, a play there. So it's really, really small at the highest level. And you got to take advantage of where you can just like in any line of work. So all these teams are flush with cash. Some people just spend more of it. I mean, look at the Bengals. They are in this staring contest right now with. I've defended them a little bit with the Trey Hendrickson thing. Older player, it's just, it's just complicated. It just. It's not black and white. Just give them an unlimited amount of money. I understand both sides, but the Shamar Stewart, they're starting OTAs and he's still not practicing. Like we're at the point now. This is kind of embarrassing. Every other first round pick participated in, in rookie minicamp. Now that OTAs are starting, a ton of guys have already signed their contract. These contracts are slotted. The only negotiation is just the cash flow. You're paying them no matter what. So whether it's an extra 2 million in year two or the following year, you're giving them that money no matter what. And it's all based on precedent. So the agent can only argue what's happened previously. And if the previous years have had it happen, then you just give it to them and you move on. Because at this point in time, when you're talking about a rookie contract, all these franchises are worth billions. You have guys on your roster now, Jamar Chase, Joe Burrow, making hundreds of millions of dollars. So you are arguing over a million or two, right? At most, three or four million dollars. He's the, whatever, 17th pick in the draft. So the total value of the contract isn't even that big. It's like, listen, living with Maria and watching her in real estate, the amount of people that argue, it's like, you get to a number, we're offering 850 grand. They want it for $875,000. And they get to like, I'm at 865, you're at 872. It's like, guys, you're going to let a deal worth almost $900,000 fall through over three or $4,000, which, the way a mortgage is set up, you won't even fucking notice. And it's crazy how often this happens. It honestly, it really is. And occasionally one of the sides will realize, like, what are we talking about? Let's just get the deal done. Because in the grand scheme of things, it's a tiny, tiny, tiny number. Now, if you just say $2 million out loud, that's an enormous number to 99.9% of people. But the way the NFL is structured, the way the Bengals are structured and what we're talking about here is laughable. And to me, like, perception oftentimes does become reality. And then I think when you finally shake it, and it's like, hey, this guy, you know, used to be an asshole, used to be selfish. It's changed his personality. He's a much better guy now. You should give him a second chance, right? Whether that's dating him, whether that's employing him, whatever it may be. How often you've heard that with, you know, your wife's friends, your girlfriend's friends, your. Your people in your life, whether it's people they work with, it's like he's a better person now. You know, he just. He's done some self reflection. He's just. He's grown, he's matured. I think we tried to start saying that about the Bengals a couple years ago, and then they find themselves back in A situation like this, like, there is no way to really defend. Like, these are embarrassing moments and these are like the Trey Hendricks thing situation is not always avoidable. Complicated. I was reading the other day because I was like, well, you were the guy that signed with the Bengals originally. Like, you got into business when they gave you a massive free agent contract years ago, and then in 2023, he signed a one year extension. Why? Got more money. Got more money. Then obviously kept playing. Well, outperformed it. Now they're at the staring contest. But originally, like, you had all these other options they were offering the most and you were willing to get into bed and get into. Joe Burrow didn't have a choice. Jamar Chase didn't have a choice. T. Higgins didn't have a choice. They were drafted by these teams. You became a free agent and once upon a time you said, you know what? I'll sign up with these guys. And then being there, you signed an extension on that original contract. So it's like there are a lot of variables here. The Shamar Stewart thing is like you drafted me. Here are the rules, precedent of the contract. Like, you want to dance, let's dance. But this is what it is. And I just think their mindset, and I've said this forever, once you're cheap in life, it doesn't change just because you have money. Once that is embedded in your soul, in your core. Like Tiger woods didn't grow up with any money. One of the most famous stories about Tiger woods with the Navy steel stuff was when he took all the Navy Seals out and after training with them in San Diego to cheeseburgers at a local restaurant. I forget the number of people that he took out. Let's just pick a number. 10. And the bill came and Tiger wanted to split it. It's like Tiger, and notoriously Tiger was, and I've heard stories about Michael Jordan as well, are just cheap. They were cheap when they were 10, they were cheap when they were 20, and now they're cheap when they're 50 or 60 and they're super rich. It doesn't change. It's in your soul. I'll believe this till the day I die. Just like people that are giving people, whether they are poor or rich, it's just, it's embedded in them. You have it at a young age. And I think the Bengals, that organizational philosophy starts with the family. They view their franchise through the lens of back in the 70s and the 60s, because that's when they got into it. I said it forever about The Spanoses, they came in with the mindset of like the financial setup of the 80s or whenever they bought it. It's like guys, it's the 2000 and tens. And if you're going to keep employing these average coaches, you don't get to complain when you lose just because you want to have a low paid coach. Like that's going to lead to poor results. And finally they realized it and they gave Jim Harbaugh a lot of money and look what happened first year playoffs. This year most people, a lot of people are going to pick them to probably win the division. So I just think the Bengals, man, this is who the family is like. 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