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Mentioned virtually any sport out there and it's a sure bet that someone is making money off bit the next hour we're going to be talking about the big big business of sports from the debate over how much university spend on athletics to cashing in on memorabilia -- the high stakes.
All of the world professional poker plus Olympic gold -- professional snowboarders Shaun White the big tomato is going to be joining us a little bit later.
Got as an entirely -- Olympic I don't.
You know act -- we -- the partnership -- in media ahead and starting in February of 2010 Disney will rebrand its sports complex.
With ESPN name and here talk about it is can contract -- senior vice president Disney sports enterprises.
And Walt Disney parks and resorts.
This is really cool because kids now can go to Disney.
And just be athletes -- Michael Jordan pretty would be anything they want to be.
Yeah I call it the the Eli Manning effect you have three won that Super Bowl the first thing he said as he was going to Disney World.
Now we have hundreds of thousands of youth athletes they're -- actually be able to say that very same thing right after their competitions.
Can this is partnering up early when you think about ABC sports and a long history and ESP and the world leader in sports obviously there's going to be some sports.
ESPN is certainly somebody that you wanna attached to what how important to get that ESPN name out there in a cold rain Disney and ESPN yet.
You know it's it's major transformation for us you know we've had a very successful sports facility complex business down in Orlando for more than a decade.
And that we already have a great difference which is when you compete there are also competing you know right out at Disney World so it's a lot of fun.
But we really wanted to take it to the next level.
And the next level was how do you really make athletes youth athletes -- really any athlete.
Feel like they've made the big time and in fact make them feel like they've made it on TE SPN and that's what we're trying to do.
I -- flag football games down there is -- -- facilities are great have been the braves' spring training facility down there as well.
Fantastic facilities already so this is just the next step in the already got some good going on but I.
But I love -- we're promoting youth sports he got about seven point three million kids playing high school sports three million our girls I -- high school sports.
I want my kids -- I think he keeps -- out of trouble keeps their heads focused.
And this is just like the ultimate gold medal to go down there now and be able to do this and -- up on the web typically watch the games.
Mean the -- of the whole concept star.
-- it for us it really was about how do -- create an experience that is unlike any other experience anywhere in the world.
So we know an athlete comes down to chris' point about great facilities and a great event.
That's all terrific but you know imagine feeling like.
He really made the big time so you're playing we're professional athletes have played before you.
You know you're whether -- -- athletics or or mail athletics you really are feeling you know incredible about.
-- the level of competition and the level facility.
But now that opportunity to actually make it on TE SPN and and and I say that you know whether it's on all the monitors that we've got set up in the Jumbotron.
We're back in the hotel rooms or or even you know on the Internet where your grandmother back in Ohio.
Can actually watch you -- -- That is so cool it's so exciting.
One of the things I noticed still.
ESPN is so big they now have an emerging technology group at ES PNM and they're using a new ESPN -- innovation lab down there your facility what is this all it we're talking about yet clever title weird science or.
You know real genius or something like -- I think the SBA guys are pretty Smart and that they they have all of these new technologies that they want to develop but they need.
You know caught a Petri dish to try all these different things our.
You know the hundreds of thousands of athletes that we have competing.
Is a perfect opportunity to do that so -- they're trying out.
You know a new home run you know tracking technology -- we've got literally 101000.
Baseball games a year that are happening in our conflicts that they can really.
You know refine what that what that technology will be so they're going to be doing all kinds of technologies.
And utilizing the athletes of the complex to really make them work before they make it to broadcast television's hottest team get to play down there.
But a lot of different ways are you can come down there and we have a lot of open tournaments.
So you can go right on -- the Internet and and and sign up for any tournament that you want we have a lot of qualifying tournament so you have to qualify you have to be -- -- high enough level -- compete.
You know some of our partners whether it's Vietnamese American.
BA you or or varsity cheer pop Warner.
Or you trip -- say all of these different organizations -- feeder opportunities for people playing in their hometowns and grassroots to come to Disney to play a bigger bigger -- What about expense and how much is this -- how much and how much money has a cost to this point and you know what you thought about labs and the good things like that it's got to be pretty exorbitant costs.
I would say exorbitant -- what I would tell you written by Disney standards they say -- don't take whatever standards you live.
I would say that we're making a sizable investment in and I think the investment really is worth it.
Because you know at the end of the day what we've really tried to do with distinguish what playing at this facility.
You know will be able to do from an experiential perspective and distinguish it from playing anywhere else in the world if we do that you know we've really occur.
-- -- Can we show up if you know you're down with your family on vacation can show up and watch these games -- they open to the public so absolutely we have spectators you know that come just to watch youth athletics.
Which is really need -- -- get it not just.
It's predominately -- mom and dad in the little brother and the grandparents but there are other people that are just interested in that.
-- you know the concept of sport and the character you know building components have -- that really make it exciting to watch.
While a lot of when you whenever we hear quarterly numbers for Disney World is very -- -- in the traffic get these theme parks what have you seen here over the last couple years.
In terms of the sports complex -- youth sports is participation down our.
Our our families not traveling with their kids to sporting events is off as much.
They were -- I would I would I would say what's happening in the sports what specifically.
-- our sports complex as we've seen a lot of was resiliency.
From -- recession kind of factor.
-- I think parents.
You know are making choices in a lot of areas you know.
Are they buying a new car this year -- they you know making a home improvement are they doing all those things.
What they're not sacrificing.
I believe is investing in their children especially in areas like character building.
And I think sports is a perfect area for that so we've seen a real real job.
Quite honestly in attendance at our sports complex and we even have what I call the double -- factor so they're coming down the compete.
But simultaneously the civil war already going down let's -- a vacation -- -- -- and well and then again that's that's makes everybody happy.
It's gotten so competitive bill -- -- like yeah I must worry about these kids don't sometimes I think it's less competitive even.
If girls soccer games in in this they don't get back girls got and by the way -- it -- I lose -- insane is a lot of these really -- to tie the guys played well too high so all eyes never -- -- car.
But let's look for the little kid I know what you're saying because my family says that what -- -- get a trophy they alternate went.
But -- a whole level and high school level now there's a lot of pressure to be really good because you're getting recruited very early now I mean after like the whole -- -- -- -- book.
I would agree with you I think there is a lot of pressure I think you know both the pressure at the aptly puts on the south but also the pressure that the parents are putting -- -- Every parent looks at -- athletes as well they're gonna go get a college scholarship.
And that creates pressure on to themselves we tried to create an environment.
Where yes -- high levels of competition but you know at the same time it's a fun and experience the Disney factor and it's kind of a fun component to itself.
Yeah I had a day of pressure on the field.
But you know I just ram you know wrote small world cannot bring down that pressure -- -- a to a level that I think becomes.
Much format really well said Ken great to see things that -- I think and paparazzi vice president disease -- enterprise that Walt Disney parks and resorts.
Arm and you have to understand something here -- there are winners and losers in life and you -- -- learn that lesson early on all right -- you're not ties yeah bailouts big crowds if you lose you lose so let's learn that lesson early in life and I know for once our viewers and agree with me instead of you for months.
No I don't you saying I think it is it's it it's hard and I tell -- my son with the birth to say it.
Our team won how come everyone else -- -- It's.
Just -- is a great -- everything is about -- what a joke.
I have a good time all the time who said that to them as -- we'll talk went on the inside with tease right there.
Who had time to talk about tax bill -- Aaron the director of policy and communications.
At a Tax Foundation joins us now from Washington DC.
The jock tax I have to tell you.
I did taxes for like five years and never heard of this it makes perfect sense to me.
But I never heard of this so it's really intriguing to me that they're coming down on athletes.
Mainly because their schedules are public so we all know where they are it's very hard to.
You know you can't hide it.
It quite wealthy people it's very easy for them to you know pretend they weren't in New York City for the day when really they -- are.
-- got athletes who are making -- in other states and they're getting taxed now in these states.
Yes every the pro athlete and all the people who work with them.
Should be very keenly aware that they are being discriminated against there being taxed.
Much more heavily than high income executives or other people who also travel for their work.
I -- my question -- -- they are being taxed more heavily because.
You know what I -- 100% of my state tax in the state in the US open a -- only worked part time here in the State of New York apple might gains and the other half we're all in different states around the country would -- pay less taxes in new York and when -- -- -- Well now for example you'd go to California which has a higher.
Tax rate and New York would only grant -- a credit for the amount that you would have paid if you were in New York know it creates.
Situation where the states.
With the highest tax rates are the winners.
And get a little extra revenue even though their own athletes have to pay jock taxes when they travel.
And so and the states with the biggest losers are the ones that have no.
Individual income tax whether it's Texas or Tennessee or Washington State or Florida.
Athletes in those locations.
Who really ought to be paying no wage tax at all.
Are traveling and paying wherever they go.
And their own state isn't getting anything out of the athletes who visit there.
And it's not just athletes do -- to everyone who travels with them.
Breaks it down to the trainers and all these little ball boys who don't make a whole lot of money what's interesting to me is that this started in 1991 in the Chicago Bulls.
Beat the LA lakers in California California woke up and said.
Can't believe we lost but we -- make some money.
Yes that's right yeah it was it was one of the few times that that.
That a team has been swept at home like that the -- the visiting bulls took games three through five in LA.
And took the lakers out and end -- happy.
The tax collectors there in that California decided that they were gonna.
It tax the bulls and Jordan for the for the for the day is that they were in Los Angeles in Los Angeles and then.
Of course Illinois got all bent out of shape and passed a retaliatory.
Measure that they called Michael Jordan's revenge.
Although the real revenge was to come in later years as Jordan and the bulls -- to and -- -- the but.
And ever since then and then and actually since it was a retaliatory.
Sort of situation no state could.
Let California tax there visiting athletes and not tax them back.
So it's spread like wildfire and now every.
Employee of -- every traveling franchise has to file income taxes in every state they visit.
Tax returns per year and as you pointed out in many cases it is like a wash.
The Yankees Phillies series for example they.
The Yankees said that the visiting Phillies would have been paying about a seven or 8% tax rate in New York.
And -- who then the visiting yankees would have been paying only 3% to Pennsylvania.
Both cities Philly and New York have their own city level -- taxes they have about 4%.
So this can get ridiculously complicated.
Bill one of our viewers via -- says I'm nobody I'm getting taxed to death don't sell yourself -- -- he has somebody out there.
All but the question is does this also.
It will be hard to find people to feel sorry for Michael Jordan of the professional athletes and are making hundreds of millions of dollars.
But doesn't supply at it as -- that you city trainers who have not make a lot of money and -- truck drivers as well.
It it it can be applied.
Is the reason it's -- right now the employee is below the middle income employees of sports franchises are being gained.
-- because there with the athletes and they are published schedules are known about him.
But truck drivers and other traveling salesman and other businessmen they're schedules aren't published as you said in the lead in so.
The tax collectors just don't have that information so with it results in an unfair taxation of athletes and their colleagues just because.
The travel schedule is published that that is not fair and -- and it's not just.
A high income low income situation too I mean there are a lot of consider that athletes make fantastic.
Wages during the few years that they're working but the average.
Career is only five or six years of fantastic earnings and after that it's -- and you know high school high school coach.
Right and -- I guess he's not traveling as much we got a comment from that and Riley said so let me get this straight we cannot purchase health insurance across state lines.
But we can tax they appear out of every jock that visits each state.
This is crazy.
It is gravy and you would think that you get someone like me I have to say we -- every game here.
-- liked -- they say look this Fiat money -- here.
That's a good connection to the help that -- because these high wage earners are getting ready to pay so much higher taxes anyway.
Starting in 2011.
Their top tax rate is gonna go up from 35 to forty and then the health surtax might add another take -- up that that the to 45 so.
And 11% income tax rates at the state level in California and New Jersey -- some of the other I.
I know bill I pay in Jersey it's awful this this this is great I mean and it's unfortunate that -- pro athletes.
Thanks Billy appreciated lots of work up -- -- counts out there Billy -- when you have thought of being communications at the Tax Foundation in DC thanks bill.
-- got a lot more ahead come -- up.
Is that signed glove worth anything very important Tracy she's got a kid who has won had a -- -- that's -- memorabilia coming up.
We're talking about the big business of sports all our.
So you caught the ball on now what Michael -- she is the vice president operations it.
Sports memorabilia dot com joins us from Miami -- -- -- you caught the balls he got a baseball from a Major League game.
How do you authenticated.
No one in the same time how you figure out how valuable it is.
Right well that's that's pretty easy personally caught the ball.
You -- a call to company like cars sports memorabilia com.
And you and as for authentication way you do as you would actually -- send the ball and but an example of how you I caught the ball maybe have a video of you catching the ball and then you -- -- proof hologram on there.
And that's that when you have the ball you can't take that -- -- -- put on another -- say here's a home run -- have five home run balls in the name Aiken 500 dollars -- for -- bomb can't prove programmes that for the number one thing you want -- -- that ball.
-- -- -- -- -- -- -- -- Didn't fall on that Michael how do you know if you're almost like an actuary -- you almost have to make that call you see an old baseball and you say you know want.
Yeah this is really when -- making handles home run balls I down -- how do you own a make that call.
It depends that nowadays there is there's represented as acting game sometimes and I'll be better represented as -- -- actually go to the fan.
And now authenticate that box that can be a very high price -- if you have a a guy who's going for a home run record say you know when Barry Bonds home run record.
They actually switch up involves a company called PSA DNA.
I -- the authentication and actually there's peace invisible DNA type of material on the ball so when it goes into the stands that.
That fan can bring the ball TS AD and I -- here -- I caught the ball.
You guys inspect it.
And and they know it's real.
For kind of an every day game basis they might be a little more tough you'd you'd probably have to have a represented about began negotiating the represented.
But there's definitely ways of -- of telling you know maybe there's a specific mark on the ball.
That you could find from a camera but did -- that there isn't some tough situation for you might popular now and -- companies won't pass it has to be a 100%.
Guaranteed authentic then passes.
Because this stuff can be worth a lot of money so Chris alluded to the fact that a my son got a glove signed by -- now -- -- What at what and racing games so.
If I were to be worth anything does he have to like preserve it I mean clearly should be outside playing catch with the glove -- -- -- we -- very well might be right now yeah.
-- so what are we didn't see that and how do you how do you figure out how much summing like that is worth someday I mean.
Clearly I'm not paying for college with this club.
Yeah well starting at preservation you definitely want to preserve of he definitely having some -- in the case that's -- coated.
We have -- and our office just from being left out of the case they start to fade.
Particularly have an hour and a merit based on the office that you have the signatures -- it definitely affects the value.
As far as of praising the glove.
Or I'm sorry back to authenticated.
-- yet the stadium.
You actually have to submit that to a third party out -- indicator.
What -- term they dot com has been doing is offering kind of quick appraisal opinions and it's it's a lo fi.
Our opinion first should you submit this to their player -- -- -- cost.
7500 dollars actually get the item authenticated which that would come with paperwork.
The tamper proof hologram and then you can go ahead and post on sites like eBay -- there won't be anybody buying without authentication papers or tamper proof holograms.
But you never know you could put someone through college with you know the piece of memorabilia that you get from great I mean.
You get a home run ball that's record breaking ball that you're talking a couple of 100000 dollars -- if there.
Michael you guys -- sports memorabilia dot com sign players.
To contract so that they'll sign a certain out of things for you would you -- photos this and that.
We -- as a company don't but we have partnerships all the companies that deal offense signing athletes.
The very tough thing they have to make appearances every so often.
Pit sign a certain amount of pieces they've they might now -- do certain -- -- certain inscriptions that you asked but what we do.
Is we have partnerships with all these companies -- have you know contractual obligations with these athletes for them to sit down and sign a certain amount of pieces that's.
Really today the only way -- you get 100% authentic.
Memorabilia and to be able to sell it.
Michael fast and as you're originally from Jersey so had to shut -- Jersey contenders and but I have say anything.
What can be most expensive thing you've seen sold out there are what is out there right now that has like top dollar Value Line it physically did Jeter is it and they -- is it you know old school -- man at all what's going for the.
Most money these days.
Well the thing about guys like Jeter and A-Rod as far as value there there signing often it's the guys you either deceased or don't sign very much those -- the players -- -- carried the most value.
So you have for example we haven't -- respond to sit on our website it's actually I've documented as a home run ball that -- there the person stands document that it.
There father grandfather caught and I believe it's listed for -- now about 67000.
Dollars that's what's on our -- it we -- -- have access to you.
Items that are worth much more I recently got back from.
Cleveland national memorabilia show that they put on every year and he's -- pieces there that are.
Are in the hundreds of thousands to millions.
Something like you know on this by the famous -- Wagner baseball card one point two million dollars is sold for -- -- any day.
But there is there's so many items that are out there that definitely carry a price -- over a 100000 dollars not so much Jeter and and Iran.
You would lead in the home that's for sure the value of what -- -- -- No problem that things might Gucci of course from on his VP of operations -- sports memorabilia dot com.
Com elect adding it's sad honestly and -- a much as a great businesses and it is but -- baseball he's been for the kids.
And now it has been so -- -- the ball parks you see guys with 56 items bring him up there hadn't signed.
Now they even have made I hire the case to go down.
But -- a little pouting face for Derek -- -- -- -- some -- bring it back.
Give the -- ten bucks get that baseball some identity really is its discussion you can't get down like anything signs that mean it was you know I practically had to give up my children in order to get him down then so that he could -- I have only one thing signed -- -- Colorado Rockies hockey Jersey signed by -- rash and Lanny McDonald -- -- wanna get -- managed to sign it but I think he's in jail right now Samantha waited awhile before it.
We're -- -- -- a quick break when we come back we'll talk to the chancellor of the university system Allen about the rising costs.
Look back at foxbusiness.com.
-- talk about the business of sports.
I have to like bubble wrap a kid glove.
Did -- say it and hermetically seal it believes that -- And it's got its -- about talking about college sports in particular -- now is doctor William break here and chancellor.
You've SEC -- -- and co chairman of the Knight commission on intercollegiate athletics.
So I thank you for being here with us this I know -- -- -- it's blowing out of proportion how much money is spent on college sports.
At the same time don't so many kids come to school certain schools because of the athletic program.
It that I mean the athletic programs.
Thank everyone sees is.
Plain and -- it very important role in the light a university and of its students but.
I think what's happened is this fiscal crisis where we're in which we now understand isn't going to go away for.
Maybe throughout that this coming decade is has placed fiscal pressures on intercollegiate athletics that just aren't sustainable.
We we do not have a model for supporting athletics going forward.
That in my opinion is is is viable because of the drain is taking on resources that should be supporting our academic institutions blown out -- if I'm wrong don't the athletic associations have different budgets than the schools themselves and they operate separately or as there's plunging between did you -- that that -- there is the separation which is a very strict set separation at some schools but nodded I mean here's a piece of data that I think you'll find interest there's a 120.
Football sub as subdivision schools that they played big time football but yes this -- right the BCS schools.
Of those -- hundred -- only 25.
Balance the athletic budget on athletic revenue -- 80%.
Of those institutions are running a deficit and had that has to be.
A covered back institutional resource film now in the end bail out they get a bailout -- -- and so the everything every deficit is seven million dollars and for these 80% of the schools.
And this is at a time -- institutions are laying off staff.
That growing you know having larger section sizes.
And I just don't think that you know it's just not viable to continue this optimization.
At a time when the rest of the university which is really what they are there to do give education are in such.
Terrible state this.
So what do you do the competition is so -- now rice university's.
I mean in your notes the medium budget at the top twelve institution.
83 million dollar dollars -- -- wow we have gotten ourselves into a very difficult corner and it isn't going to be easy to get out but.
We have to start.
You know start down that this this road -- What has heartened to me is that the -- Put big football -- school a decent.
Met and two -- came to the Knight commission to present their findings.
For the first time I heard -- speak collectively saying we have to change the model we cannot continue on the path that were on.
I know something about Ohio State that was present moment in -- -- always before.
Ohio State's athletic budget but it was -- enough money to give some back to the university no more they can't do that anymore so.
We just have -- desist sit situation we're -- -- start changing the model.
Now the -- Admittedly don't have all the solutions though they -- they're talking about.
Fewer scholarships -- -- shorter plane seasons but that's just the start.
The more radical change is that thing gonna be called for in the coming years.
What about doing away with sports because that title mine plays a role on see that's a that's a big issue that -- some sands he can't do that you're gonna have.
-- -- the women's crew team and gonna have women's soccer team because the football team pays for all of that -- -- -- -- what's the -- men's tennis and men's lacrosse -- those things right.
Right so I mean it's gonna have to be -- -- -- paring down across the board of expenditures because.
He -- expenditures in intercollegiate athletics are going.
Four and five times the rate.
Of the investment in the academic institutions well you know that's that that could you just can't -- you know that's irresponsible if -- cannot allow that to continue.
There are a solid alumni support for certain teams like because I know I went to Lehigh and at Lehigh you don't have to.
You you can give really -- whatever area of the school you want a lot of people give back to the fraternity as opposed to the overall institution.
As their alumni support for these teams where they're giving -- intercollegiate athletics and there's no question about it so I mean he had part of this is gonna have to be communication.
For -- first -- -- we need transparency so people know what's happening what is really the cost of running big time athletics program.
That has to get out there and then we're gonna have to build a consensus.
A round funding some some solutions and it's gonna take he's gonna take considerable effort that you've got -- coaches lasts you period I would agree with and it became is -- some way to put a cap on well.
I Alabama contain a football coach and now a lot more and then Maryland commemorative football coach even you know when these -- top pro yeah I mean -- -- when the presidents were surveyed about the viability of the model and be overwhelming consensus is we have to change.
The number one problem they cited was -- out you know.
We have situations now where assistant coaches are being paid six and 700000 dollars a year yeah.
But you also have college presidents getting paid a million dollar as well many is -- -- -- well but their salaries all right where -- can't -- and the thing is an -- and you know we've seen stats like this where in many states the highest paid public official is the football coach a basketball political.
But it's already there probably the two highest paid to go to Kentucky and the code available products in the eyes -- well servants and -- -- -- -- -- distortion of value pick a bit at that.
We've got to do something about it.
The doctor Ackerman thanks so much for somebody to be -- stuff OK you got to recruit a chance to Ulysses is -- now also collection Knight commission.
On Inge who collegiate at less amazing what -- have college sports have.
-- -- -- -- Now it's our appetite right actually.
I look coming up imagine winning two million dollars in two months we'll talk to 2525.
Year old people.
Professor how -- the fire we'll be right back.
Making two million dollars in two months sometimes and is making two dollars and -- Playing cards.
That's exactly what our next guest trying to -- on the reality series two months two million on the G four network joining us now professional poker player Neil.
Patel a meal.
Did you make two million dollars in two months no we actually -- -- short.
But we ended up making I think 660000.
Well what I guess -- -- -- -- -- clearly aren't playing goldfish what are you playing.
For the most.
But we're playing no limit Texas hold them on the Internet and 8090% of our players on the Internet.
And we played a couple of the bigger World Series of poker tournaments he played 40000 dollar -- -- -- -- Which was actually commandment commemorating the fortieth anniversary of the World Series of poker.
And we can get the play the main event actually because -- -- conflict with filming a TV show and being able to play the man event.
So we kind of were pushing the producers to let -- -- it but it turned out that.
One of those things that we have 45 years of our -- to do as well as making a TV show is one of those things yelling it's anyone's right.
Boil it facing you do it every -- and we'll make two million dollars and today.
Giuliani -- thirty years left and right and.
For you now you're not Charlie -- you're not counting cards how on the live with a -- did you get so good at poker at such a young age.
Omni I would probably attributed to age -- my skills that on the -- analytical mathematical person they weren't counting cards.
-- -- Not quite but I mean there's some basic statistics and stuff that you need to know but -- and I think.
Game theory is probably the most -- -- applicable academic subject to poker.
And I've always been pretty get the stuff like.
-- -- -- -- I've been -- professionally for I guess about five years now did you pick up -- god one night drinking.
-- we're hanging out playing cards pretty much that's how it started I think it was my sophomore -- school when.
There is -- -- casual ten dollar buy in home game in my dorm room -- like a very casual thing with friends who don't really care about the money.
And I found out from one of my high school friends that.
One of his friend was making like the 400 dollars an hour playing online poker it's immediately I'm like OK I need to go check this out.
And the site that I actually first sort of playing on.
Didn't actually required need to make a deposit while they had these things called ten -- giveaways we entered for free and you win like five cents you get first.
On -- -- like a bunch of those and solely built up a bankroll and started playing for real money and kind of.
Looked back sense Xenia and it has changed everything -- ten dollar buying an occasional horse in the back -- my fraternity house really had -- -- could make a career had a voice is just didn't quite work out.
Quarters and get this -- about -- is something.
When I first -- you know the World Series of poker I thought fifteen minutes of this thing is going to be a flash in the pan and it's gonna disappear it hasn't poker is it's still.
You know it's still there on the forefront he's still on ESP and.
On it's still really popular why is that it is there's the Internet using play a big role that the people complaining that they right now.
I think a few things actually.
I think when the World Series of poker first got big was when Chris moneymaker -- -- main event the and I think poker was gonna get big regardless of whether or not.
He was -- person to win it but just the fact that.
He was able to win -- 101000 dollar -- playing like sudden like a three dollar.
Satellite tournament on the Internet -- got in the sea and the fact that he's an amateur and won the main event I think.
This appealed to a lot of people who.
Our professional poker players the recreational players who like wow I can and should this turn and then try to win -- seat for like.
-- look very little money online and make a lot of money by end -- getting lucky in winning it.
So what do you think then about this whole -- of legalizing gambling an online gambling you know there's a lot of people that want to -- it -- clearly think it's illegal I mean you look at my.
You're gonna make a career out of this so clearly -- on the other side of the lot with this.
It's still -- actually to play online poker in the US but there -- recently some legislation passed it's called that you like -- -- The unlawful -- -- -- gambling enforcement act.
And it's kind of a gray area as to whether you can have banks process online gambling transactions.
But actually just playing on line still is completely legal which is nice.
But I mean I'm.
Pretty libertarian when it comes in my political beliefs I feel like you should be allowed to do you pretty much anything you want as long as are not harming anyone else and when the government decides to be like your mom and tell you shouldn't do this because this is bad for you if you're not gonna do it responsibly in the kind of -- Wow all those people that hated you when you first got on I thought yeah.
And I can you look like you're happy go lucky smiling all the time you must have a terrible poker face -- battery and a grateful hands and that's when it is right deal with a smile and -- happen.
And nobody can tell that he would he's never missed his.
-- -- we got a bad -- Why would suck so horribly at the scheme.
-- -- -- I did it well I cut back on -- again.
That was seen as well best luck to go -- -- thank you Patel is a professional poker player and he's a millionaire.
You know what I did hit on these might offer those kind of careers to me they're like you can be picking out and she can maybe they'll -- and got there nobody ever said hey you can make money having on our own things -- -- other -- and it has changed everything.
And having fun as -- -- so much fun we're about to meet -- Flying Tomato and he's up and in.
Professional snowboarder -- light up next.
John my profession not snowboarders here with us now again I miss I wasn't there when they're handing out careers no one ever said to me struggle -- flag.
Plains snow you can win some gold medals and make life out of it but you did I was told that -- and yeah.
You -- told welcome some clearly saw -- you.
You got and yet what do you do little these gold medals.
You know -- so little space the house I don't actually put -- -- display in my what's the grand total could you have Olympic medals and you have winter X games.
That there -- -- you know what I'm not one to.
Well -- -- tiger -- you wanna count your money day and it's one of the medals around.
Can't gain an animal living and it's a pretty darned good living I let my mom go to town -- fifteen at the Olympics it was anything to happen -- you -- your pencil out.
My son on the Olympic yeah.
Okay forget that so mom -- yeah that's that they can and able to really mark yourself a lot X gamers.
All you know their -- they really -- argued the teenage set but he can't break out of that.
How you been able to do it because I got to be honest with you I thought it was fifteen minutes later in your fifteen minutes of -- I was an awesome for a little -- and we'll never hear from them but that hasn't been the case of yeah we're fully.
You know it's been fun I mean oh what was strange is before the Olympics I mean I already had a certain amount of success directs -- certain games and let's get recognize now here and then.
Things are just slowly going from -- think Olympics was just something that push it all over the edge and they're ready afterward was like Wolf Blitzer big drink deal going to be limited that -- I -- had these deals going into it.
So it just really.
Kinda blew that whole situation up in a video -- really work with the sponsors that haven't do amazing things like the video game and the clothing line.
I'm gonna get to that that the Yugoslavia game and that it's -- you.
Played a big role in developing it when you talk with sponsors is -- -- do you have a big team with you that that's -- -- image because image.
Image is everything that was I had Agassi violated you know when -- went -- that's the real because I think we're -- that's unfortunately -- I have thought at the right thing you know calm act split you do you handle a lot of yourself -- boot yet gag.
You actually it's it's it's a team I would say myself and my brother -- Brothers he's the one that I've gone to for everything in.
He's an amazingly talented artists.
Any any shirt or jacket that you see it's out on the hill -- got my name on it is a drawing of his is that mr.
-- is the target -- that.
He drew the plat -- colors and everything -- -- and we've been doing it together so you know who who better to.
You know speak my voice and my own brother.
It's an amazing though what -- you know -- come of this whole little underground industry snowboarding skateboarding and people don't even actually own boards and they still want to Wear the clothes.
These figuring target -- -- You know we Weiner I spoke with -- Garrett at the recently and he's done the same thing that -- clothing lines and all the stuff what what do you think attributes.
But what's phenomenon -- -- not -- -- -- -- skateboarding close more than they want our football jerseys bullets.
I think it's more than just a sport it's it's it's a lifestyle the culture I mean it's it's.
Group of musicians and artists and in skaters and and kind of this free spirited people that are all kind of doing this same things -- Had a point where.
You know skateboarding wasn't even cool in schools now it's uncool you show up -- dress she uses and then like.
-- in California I mean.
You can't go around without some -- she's honest and deny that but.
Yet if it's a whole like lifestyle that's following instead of just -- thing I mean I know people that just like to go to the mountains and hang out.
And do all that stuff but it's it's what you do for fun with your friends like acting like we're all gonna Gasquet or are gonna go -- -- that you know together and do the things that's definitely.
Grown from what it used to be -- we weren't even allowed -- mountain.
You're like crazy punks.
Don't go skiing at skateboarders -- out all right you -- video -- second one from Ubisoft by the way.
Are coming out here this month.
It's all white snowboarding world stage for the Nintendo Wii so easy they're yelling at -- -- at the state.
You can skate into it.
On being the greatest part about this I was reading about it says its focus on intense competition out -- -- -- -- second.
Creek but you never look the second -- -- your life a minute in your life like you're having intense now but -- yeah I think.
Just go out there and -- it and when you're done you're laughing and you know -- five everybody -- intense about that.
You know it's funny that's probably the worst.
Game facing bonus season on smiling and expect that the -- -- that -- I'm I'm.
I'm comfortable and confident feeling it's like things are you know -- are our sports not really that kind of rivalry type you know -- you jock mentality of that sense like.
Everybody's friends of the top it's just tell you where everything inside you don't really didn't show how you feel good and when I'm -- -- joking around and have fun that's like.
My -- of of letting things can happen because -- when I try to focus and train and really -- -- him.
Train today -- -- the bank its did you resist it and what those silly you kind of had the lead of of this writing you mentioned Agassi earlier he's he's a good friend of mine and and I was sitting down with him talking on point -- describing something -- think when it.
Listen we just trained extremely hard you know if they just trained harder than you again -- I've I had to describe -- -- that's not how words in the eye can see is.
That's how they act like -- hit the ball harder than this guy -- and beat him.
But for our sport like I'm not I'm not the biggest.
Got you know I'm I'm strong in certain ways but it's a lot of mindset.
A lot of like how you think about it how you -- situations.
You've made -- an eye on a year ramping -- because you go from snowboarding to -- Edward and and so this is how you so much created this little empire viewers really -- at video games you have clothes -- what's next where you go from here.
God says there's plenty thinks the I get surprised because of years something pops up and most recent is you know the Olympics -- and couple months from that.
I start my -- -- December.
Her like nine through -- -- in.
Copper mountain Colorado now what about the demands on you because I'm sure your first Olympics at the hands -- -- any police opened Vancouver yeah I you you know you're gonna.
Every night you're gonna need some of the hands in the -- weapon flat -- Still don't know I can't see any men and not on an ounce -- pity here feel sorry for the guy -- He got tonight and I added how -- -- we're not winning gold because they're distracted by other things but they'll.
It done this had happened think that I.
And I rally feel like it's it's an amazing thing where he might sport some might escape from -- -- so -- it.
And it's it's funny to put it in that term but yeah its my way of getting away from it thinks that the more enemies that you and one of -- The -- meetings and business meetings in game development toxin I mean.
We'll pick it out.
Fabric slots if it.
An -- I think it's an incident he felt.
Once they get to the mound and make it to the rant it's like this is the easy part you know I had I understand -- you're lucky you got that I'm not gonna cancel yeah thank each and primal screaming there -- Philadelphia actually thank -- dad and -- pillow.
And if so what what advice to kids coming up the rank and did anyone make a life that this -- -- -- I'm an I honestly say exists you know have fun I said -- is entering local contests and was slowly noticed by different you know groups and I was looking at the I was sponsored when I was seven that had a very young age has.
Burton's no words had just started to kids -- -- wasn't that I was the coolest on the mountain held me now at this point.
I at this point I was 77 when he first -- here is donors and -- -- He's -- neither was I tell to have fun you know I mean I'd like us there that try to train focus -- enough nothing really comes of it you know I have to wait so.
I'm having fun and not thinking about it and join myself and then.
I can do so I think a lot of kids get focused on getting sponsors and giving money and free stuff and all these things and then it just focus on why you started the first -- this have on.
The game is Shaun White snowboarding world stage for the Nintendo we get -- -- -- -- -- is the the name of the -- for coming by the way it's the second shot went snowboarding road trip to great commercials.
By the way is also available from the U itself good luck in the Olympics haven't -- that you lack -- -- -- crazy legs Conti is gonna join us coming up.
I -- use the different kind of sport.
But the candidate still athletic.
Finding -- the world title in spring means pancakes and bacon and twinkies.
You can pick them up and put them down and hot talk about the tire on football practice -- -- Scott is here professionally -- Obsolete so we talk about your specialties you're happy W I know you consider yourself when.
Absolutely I was division three yes traditional sports player you know third string punter basketball player but as a Major League -- -- on the starting team on fifteenth in the world.
I compete in the majors the Nathan's hot dog eating championship wildlife fourth crystal square off that's our hamburger championship at the -- and an -- in the office he -- Couple of an off season waiting -- I guess that's show on how these you know little kids come up the ranks and get into this.
How does one become.
An item -- Carolina now look at them and have kids at home stuffing their faces practice and.
Not for kids that's when I'll tell you ask -- -- -- -- sanctioning body gotta be eighteen or over to compete again I moved to New York in the ninety's I saw the beginning of sort of the modern Arab competitive eating guy like.
Beautiful -- seek in the world pickle eating champ a pass on the set I wanna be up there with them -- -- I'm an eight year pro I did say it's the off season but the truth is I've got three events coming up prepping for as an off season yes and no what does that have to digest well.
I watched every election and swallow so for instance in two weeks when I'm at the Roy Rogers roast beef sliders.
-- -- -- Yeah okay.
That's where I get to sort of -- in ten minutes of all you can eat some gusty -- glad leadership you know on this weekend in Vegas the -- -- meatball master's championship.
First time event this competition all iterations -- -- know -- -- they try to make it more palatable for most viewers and for the people have to actively promote the contest so.
-- I would say you're gonna see this weekend in Vegas ten pounds of meat balls -- two readers have the current record that's about a hundred meatballs.
In ten minutes sign -- black -- Thomas hundred pound woman and the notorious BOB.
Humble Bob shout from Boris for Pennsylvania.
Is a vegetarian BZ meatballs this weekend so -- it's.
Breaking -- and how do you find your specialty I guess that's -- think -- -- you I thought -- -- strawberry shortcake but I was have you -- Phillip -- lettuce and regulate.
Is but that's really.
Here with -- -- he's beaten me I've come in second you know something.
Yeah yeah yeah.
Yeah that makes perfect sense to me Belmont -- Action stringing us.
Well French -- string -- because we do so many different meat foods and pizza you know from -- -- mid upper crust pizza there's a weekend a month.
Okay in Major League eating that is vegetables so on the West Coast Stockton California have deep fried asparagus and -- and on the East Coast West Palm Beach you have corn on the cob.
Current world record holder in corn on the -- 34 and three quarter years of corn in twelve minutes you know I -- yet discipline manual typewriter yeah you're right I think about it a little.
The -- you know it's true and the fact is you know you're talking this hour about sports and money.
Major eating there's huge amounts of prize money on the circuit that's not wind that meeting Joey just chestnut last year number one -- -- -- -- hundred grant that's pretty -- -- -- day.
This year OK I -- humility championship right -- -- city last pure contests on the circuit no prize money just for the free food and it in the title.
And then over Labor Day I went to Guantanamo Bay through -- -- MW our program might Nathan's hot dogs to entertain the -- soldiers.
Best thing I've done.
Repetitive I know what I like to make money off it absolutely but.
There's more -- other characters and it fell well I -- the -- -- -- -- work on Wall Street at his face paint Tim eater -- Janice I guess since we talked to him Bartlett he's got them -- on -- you've got the tragedy does not personalities that you'll recognize -- around -- from New -- here so that people notice you you certainly get some notoriety as a competitive -- the young.
We ranks the top fifty.
There are over ninety events a year so a lot of it is traveling to other places eating local food eating a lot of local foods and certainly you deal with being a professional athlete com.
In terms of the travel the fans one nice thing you talk about memorabilia talk about getting close to professional athletes.
I'm a competitive via the moment I'm done eating yes my stomach distended you can approached -- I'll sign anything to happen.
Every place cannot be on economic I'll I'll eat and back let's look at we call you crazy like that is my -- okay.
How do you do that how I mean I have -- cheesecake and I'm on the floor I'm sick to my stomach how do you eat all this -- did you stomach.
Expand its its so yes it's you know -- trained economics inflation deflation.
But you have to practice to get -- -- I'll tell you what I eat I need in being sanctioned contests media events and caught exhibitions about forty to 45 times a year so every day.
I'm eating healthful foods to be able to EU competition to what I want.
Cheese -- record just so you know.
Is eleven pounds and nine -- -- -- Sign of the -- and honest as I Jesus always special.
You know what that's her yearly allotment of -- -- you have probably noticed that you know what.
I've been on the -- -- years I don't practice at home home -- discouraged I know coming up -- -- -- -- when I go to a competition.
From whether it's -- -- -- there's a crystal hamburgers I know the components there is gamesmanship you got to come up with -- strategy got to figure out.
How to eat as much as you can are Tommy balls they require you to cancel Steve maritime of the -- has said he wants his meatballs consumed.
With a -- a proper etiquette you know and that's -- that's for me that's a degree you have got to shell Boehner there's something esoteric so.
In a way it's mind over stomach matter you have to figure out every bite -- -- small so all of that contest and then hope the end that you win the trophy.
And then I remember that this Thanksgiving when I sit down to -- crazy legs Conti professional eater.
You're awesome today bench -- our -- that he would do it today and you can -- Tom foxbusiness.com.
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And morning edition -- 6869.
And AM eastern Jenna Lee comics -- -- -- can also download our podcasts iTunes and Watson son who you will see you Monday the Monday it.
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