In short
The Deal episode with Alex Rodriguez and Greg Olsen about Major League Baseball expansion/realignment business tradeoffs and, in the second half, Olsen’s Youth Inc. mission to improve youth sports through content, education, and commerce—plus the high cost and early specialization of youth baseball.
Guests
Greg Olsen, Emmy-winning Fox Sports broadcaster; former professional football player; creator of Youth Inc.; University of Miami alum. Hosts: Jason Kelly and Alex Rodriguez (former MLB star; team-owner perspective).
Key claims
Expansion to 32 teams could mirror the NFL, but realignment shouldn’t break historic rivalries (Yankees-Red Sox, Subway Series, Red Sox-Phillies/Mets). Youth sports is a fragmented $40B market. Youth baseball is increasingly expensive and professionalized, pushing kids away (including inner-city access issues). Youth Inc. aims to make youth sports more affordable/accessible via best-practice education and team-logo commerce.
Notable examples
MLB travel/efficiency; southern baseball culture; Cooperstown trip; $30,000 check for a 12U team; youth baseball fees $3,000–$5,000/year; Aaron Judge choosing baseball; Fanatics-style ordering for youth teams.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOBaseball Expansion Discussion
0:42 to 2:31
Exploration of the potential expansion of Major League Baseball and its implications.
“I'm Jason Kelly alongside Alex Rodriguez.”
Regional Baseball Culture Differences
2:31 to 4:48
Comparison of youth baseball culture in the South vs the Northeast.
“So wherever they land, I think, spend really a lot of time on the front end.”
Realignment and its Impact
4:48 to 7:40
Discussion on the possible realignment of MLB and its effects on players and fans.
“You want to be careful not to destroy the legacy rivalries, whether that's Yankees, Red Sox, Mets, Phillies.”
Youth Sports Business Insights
7:40 to 9:21
Introduction to the business of youth sports and upcoming guest Greg Olson.
“they're doing really well on any metrics, they're winning.”
Greg Olson's Career Transition
10:26 to 13:02
Discussion with Greg Olson about his journey from player to broadcaster.
“Join me every week for the Wall Street Week podcast to hear stories of capitalism from around the world, from geopolitical tensions and central bank decisions to artificial intelligence, energy, and infrastructure.”
Shared Experiences in Broadcasting
13:02 to 14:00
Continued discussion on the experiences of Alex Rodriguez and Greg Olson in broadcasting.
“And I did a two-man booth on my bye week.”
Reflecting on Broadcasting with Kevin
14:00 to 16:44
Greg discusses his early experiences in broadcasting and the influence of Kevin.
“I sat at that board for 20 years and, you know, really had an incredible time watching you and your excellence there.”
Learning to Speak Television
16:44 to 18:50
Greg describes the challenges of conveying complex sports insights succinctly.
“equally for the NFL crew, is just a really good collection of really talented people who can make the analyst job look a lot better than we probably are.”
Evolving as a Broadcaster
18:50 to 22:34
Greg reflects on his evolution in broadcasting from 2015 to now.
“So, Greg, I want to dig in there a little bit because that's a great answer.”
Dealing with Career Transitions
22:34 to 24:57
Greg shares advice on handling career changes and competition in broadcasting.
“And I certainly from a playing career didn't.”
Show all 22 chapters
Commitment to Excellence in Broadcasting
24:57 to 27:01
Greg emphasizes the importance of striving for excellence in all endeavors.
“I can be really good regardless of the people around me being good or bad.”
From Player to Coach: A Personal Journey
28:08 to 29:43
Greg Olsen shares his transition from a youth athlete to a coach and entrepreneur.
“What brought you to the point that you wanted to go beyond coaching your kids to really building a business around this?”
The Evolution of Youth Sports
29:43 to 30:53
Discussion on how youth sports have changed dramatically over the years.
“And that was the content piece of You Think.”
The Business of Youth Sports
30:53 to 32:26
Exploration of the business model behind youth sports and its challenges.
“So I'm you know, I have a son who I went through it from a lacrosse perspective.”
Enhancing Youth Sports Experiences
32:26 to 33:58
Ideas on improving the youth sports experience through education and commerce.
“Tom Brady and all these people giving very unique perspectives to both inform and empower.”
The Cost of Youth Sports
33:58 to 35:37
A candid conversation about the financial burdens of youth sports participation.
“that we can execute the content element and the commerce side, and we can do it jointly.”
Challenges in Youth Baseball Today
35:37 to 36:57
Discussion of the challenges facing youth baseball and the need for affordability.
“And tournament entry fees, we'll take care of everything else that comes along with it.”
The Future of Youth Sports Participation
36:57 to 39:26
Examining how to keep kids engaged in youth sports without financial barriers.
“And I don't sit here pretending to know what the fix is to that.”
Life Lessons from Youth Sports
39:26 to 41:40
Highlighting the broader life lessons learned from participating in youth sports.
“Like if the idea of playing baseball as a young kid, if my kids only reason my two boys played baseball and they're both they're going to be in seventh and eighth grade.”
Building a Strong Youth Sports Program
41:40 to 42:00
Insights into creating a supportive and effective youth sports program.
“And you can say, let's create a space of development, of accountability, of growth, of like really strong program rules and alignment.”
The Evolution of Youth Sports
42:00 to 43:30
Explore the shifting dynamics of youth sports and the lessons learned.
“It's amazing how the goals that everyone wants, you end up And a lot of times, a lot of the kids reach them, but it's a byproduct of everything else.”
Lightning Round: Quickfire Insights
43:30 to 45:25
Hear rapid-fire responses on deal-making, partnerships, and personal growth.
“Just first thing that jumps to your mind.”
Transcript
Automatic transcript. May contain errors.0:00Get the latest news from around the world delivered to you in an instant. Subscribe to Bloomberg News Now and get news when you want it on your schedule. These are short audio reports on the day's top stories that you can listen to in just a few minutes. Make Bloomberg News Now your trusted source for the latest global headlines with context. It's available 24 hours a day, anytime you need it, right on your smartphone or smart speakers. Subscribe to Bloomberg News Now today on Apple Podcasts, Spotify, or anywhere you listen. Bloomberg Audio Studios. Podcasts. Radio. News.
0:42Welcome back to The Deal. I'm Jason Kelly alongside Alex Rodriguez. All right, Alex, this is the time of year where, you know, I always love talking to you, but I love talking to you about baseball this time of year because it feels like the storylines get more and more serious. We talked a little last week about sort of who's hot, who's not, you know, who may emerge as we get closer and closer to October. But over the weekend, there were some interesting comments from Commissioner Rob Manfred about the idea of expansion in Major League Baseball and with expansion, potentially realignment. And as is often the case, I see these headlines and I think, all right, note to self, ask Alex about this on the podcast because you're the expert on this.
1:26And you see it from lots of different perspectives, both as a former player, but also now as a team owner, albeit in a different league. So when you hear about expansion, what are your first thoughts, regardless of your role? Like, is expansion a good idea from a business perspective in your view? Yes, I think expansion is a great idea. I think it's really important to see where the two teams would land. I mean, to go from 30 to 32 teams to mirror the NFL, I think it's really smart. Jason, Atlanta has a little bit of a monopoly in the South. Yeah. That's your neck of the woods. You know, people in the South are just madly in love with baseball.
2:06Some of the best minor league teams and businesses are in the South, whether South Carolina, North Carolina, Vanderbilt, Oklahoma City is interesting. I mean, they've done such an incredible job with that franchise there. So, yeah, I've always wondered why does Atlanta have the South by themselves and then other markets. I know that Sacramento is thinking about putting their best foot forward and other markets, you know, Portland and Nashville. So wherever they land, I think, spend really a lot of time on the front end. Where do we take these next two teams? Yeah, it's interesting. On that note, I was thinking about it because I was looking at some of the potential city names.
2:42Nashville comes up a lot. And I was thinking, to your exact point, this idea. And listen, I grew up and still love the Braves, as you know. By virtue of the geography, the minor league system, TBS, Ted Turner. I mean, they really had such a – and still have such a devoted following across the Southeast. The other thing that is reflected in that – and I want to talk about realignment in a second. But just from an expansion perspective, and this goes to the point of our conversation later with Greg Olson, the youth baseball culture in the South, it is just much more of a sort of it's the spring sport, whereas, and I lived this as a dad, in the Northeast, it's lacrosse.
3:25Like lacrosse has like really eaten up and eaten away at baseball. Now, there are still some great programs, you know, out in Long Island in baseball, in Connecticut, New Jersey, et cetera. But down south, baseball is life, man. I mean, and you just see these great players. And you mentioned a lot of the great college programs. You know, earlier this year, we were down taping at Georgia Tech. And we saw their facilities and, you know, met with their team a little bit, just visiting. and it's incredible what southern you know fans and southern players are to baseball so let me ask you this question about realignment because manfred has at least talked about the idea of maybe that we don't have the american league and national league that look the way that they're going to look you have a little more geographic consistency what would that i mean does that make sense to you and and now i'm almost asking you to put it i'm asking you to wear two hats you know one as a former player, how it would change your life as a player, but also as an owner thinking about the sort of nuts and bolts and the dollars and cents of it.
4:28Yes, anytime the commissioner can make the game better for the players, it's something worthy to look at. And I think when you think about more convenient, more efficient travel, all that makes sense for players and for owners and for expenses and for fans. The one thing I would caution is this is the oldest game in America, right? Yeah. It's been around well over 100 years. You want to be careful not to destroy the legacy rivalries, whether that's Yankees, Red Sox, Mets, Phillies. As a fan, and now you're a New Yorker, I will call you, right? Debbie Kelly, if she's listening right now, is absolutely horrified that you just said that.
5:13And unfortunately, it's true, but go on. Yeah, she just said objection, Your Honor. So what I would say is, as a fan, you still have the moonshot potential of what happened in the year 2000, right? The Subway Series with Yankees-Mets, or you still want to have Red Sox-Phillies, Red Sox-Mets. That's still very fun, and I wouldn't want to disrupt that. At the same time, if you see less legacy issues, could you make it easier and simpler? I think it's worth looking at. Yeah, I mean, it's such a hard puzzle piece because you're right. And it's such a good point around the legacy of baseball, because even I feel like newer fans who come in, the teams, and I think the Dodgers do a really nice job of this.
5:56obviously the Red Sox, the Yankees, obviously maybe more than any. So celebrating the rich heritage of these teams and to your point, like disrupting anything that threatens that history, because that's part of what makes baseball great. Now I will be, you know, I would be the first to say baseball, and I think you would agree with me, can be a little bit fusty at times. I think they're a little bit, you know, set in their ways. And there are a lot of things that we've talked about a lot on this show that we feel like baseball could do from a fan service. They've been late to change some of the elements of the game, but the game is better.
6:34The game is commercially more successful because of some of these changes they've made, like the pitch clock and some of the not being able to shift and all those sorts of things. More people are watching the game. So that delicate balance, it's not an easy job, but I would imagine now sitting in the owner's seat in the NBA and the WNBA as you do, even there you probably have to think about how do we maintain this history while also sort of looking to the future. That's not easy. Well, I would tell you one way. Something about the Mets, Phillies, Dodgers, and the American League would not feel right.
7:09The Yankees, Red Sox, the National League. There's something about the history that is so beautiful. It's such a romantic story that goes back again over 100 years that you want to keep intact some of that beautiful history that we have above any other sport in America. Yeah. With that said, when you look at teams like the Marlins, the Rays in Tampa, when you look at maybe Minnesota, some of the newer teams, maybe there's a little bit more flexibility there, and they're also looking for better revenue, more resources. So anything where I think the Yankees, the Phillies, the Dodgers, they're doing really well on any metrics, they're winning.
7:46So I would lean into it whether as an owner or as a player. if we're not married to that history, then the more change, the better. Yeah, that's interesting. That's a really interesting point. Yeah. And I do, you know, just to go back to the New York of it all for a second, and I am showing my stripes as someone who is like deeply entrenched in New York at this point. I think I've told you that there's this incredible book that came out earlier this year, late last year called The New York Game. And it really just talks about, it goes, you know, from the late 1800s up until the mid 1950s, We talk a lot about the intersection of business sports and culture.
8:20And, you know, baseball teams, especially in New York, were just so richly embedded into, you know, what it means to be a New Yorker. You lived it. You knew, you know, I mean, you were sort of maybe in that final stretch when the Yankees were the most important team in New York. I mean, you know, sorry to all the other sports and the Mets and all that. But, like, the Yankees are the Yankees. And managing to hold on to that. But as you say, maybe with some of the other franchises, being a little bit more aggressive and a little bit more innovative could help the bottom line. So on the subject of baseball, Little League World Series wraps up this weekend.
8:59And I know we've both been watching it. It's always exciting to sort of see those kids out there. It also is a reminder of the huge business of youth sports. We have Greg Olson coming up on the show. He is your partner of sorts, albeit a different sport, on Fox, on Fox Sports, but also heavily invested in the business of youth sports. And it's a really interesting conversation. You and he traded some insights that I think people are really going on to hear because it's not necessarily what I expected from you and not what I expected from him in terms of what the right moves are for youth sports going forward.
9:37Yeah, and you buried the lead because the best thing about Greg Olson is he's an alum from the University of Miami. You really love that. You always call me out for not mentioning that at the top of the list. I do, man. The U. We got to always remember that. No, but I think, look, Greg is an incredible person who's doing really cool things in the world of youth sports. And I think for our audience, this is very relevant. and not to forget what I think is the most important part about youth baseball. Number one, youth sports is a$40 billion business. This is a real, and it's also one of the most fragmented businesses in the U.S.
10:16Yeah. All right. Coming up, all that and more from Greg Olson.
10:26Hi, I'm David Weston. Join me every week for the Wall Street Week podcast to hear stories of capitalism from around the world, from geopolitical tensions and central bank decisions to artificial intelligence, energy, and infrastructure. We sit down with the CEOs, economists, policymakers, and thought leaders whose decisions are shaping markets everywhere we find them. Subscribe to the Wall Street Week podcast on Apple, Spotify, or anywhere you listen.
11:02Welcome back to the DLF, Jason Kelly, alongside Alex Rodriguez. So excited to have with us as our guest today, Greg Olson. He is, of course, an Emmy-winning sports broadcaster, former professional football player, and the creator of Youth Inc. We're going to talk about all of it today. Greg, really good to see you. Great to see you guys. I appreciate you having me on. All right, so let's talk about some shared experiences here between you and Alex Rodriguez sitting here next to me in New York City. the transition from being a player to being a broadcaster is a key moment for anybody. You got to it pretty early.
11:41Like even while you were still playing, you were starting to dabble in it a bit. Why? What made you want to sort of be on TV and be behind a mic? Yeah. So if you would have asked me, you know, four or five years into my playing career, what I was going to do after I was done playing, I would have said, I have no idea. I'm going to play until the wheels fall off and I'll figure it out. But I had some really unique opportunities that came my way. And like everybody knows, life's about it, you know, an element of luck and an element of opportunities. And then what you make of them kind of dictates where those paths ultimately lead.
12:13And so 2015 Fox actually was nice enough. Both Kevin Burkhart, who's Alex's partner, obviously with the pregame show and the great job they do there at Fox, who was my first partner at Fox. We go way back to North Jersey together. We grew up, I've known Kevin for a long time since I was in high school. So Kevin actually, yeah, so Kevin did a audition for me. So anyone who's been to one of these auditions, you sit in a sterile studio out in LA at the Fox Studios, and you just call a game off of a television monitor. And it's as simple as that. So I was lucky enough that Fox asked me to do a dry run game with Kevin.
12:49And then in 2017, on the bye week of my 2017 season, I joined Kevin and his partner at the time was Charles Davis. And we did a three-man booth. And then in 2019, Fox had me back again. And I did a two-man booth on my bye week. So I did all of this as a current player. And it just gave me such an opportunity to really see what I liked. And I had done some studio and I had done some game stuff. I did college. I did NFL. But it was really stepping into an NFL booth and a real live game back in 17, where I walked away from the stadium saying, like, I could do this. Like, I feel really good about this.
13:27This might be my niche. And I did it. I called XFL games. You know, people always say, oh, man, in two years you called the Super Bowl. Why did you rise so fast? I was like, well, you just didn't know any of the games I did before. Like anything, right? These overnight successes take a long time to get there. So I was very fortunate the opportunities I was giving during my playing career. And it just kind of organically found me as much as I found it. And I've loved doing it ever since. Greg, I'm kind of spooked right now because, first of all, my partner, Jason, who is the best, he did forget to mention the greatest thing about you is your University of Miami alum.
14:03I sat at that board for 20 years and, you know, really had an incredible time watching you and your excellence there. So thank you for your service. but in 2015 it's ironic you mentioned that that was exactly the same year that Fox was generous enough to talk to me and I came back that year for my suspension which was a vital year for me to get back on track I ended up having a really nice year and you know getting my career back on track a little bit and I went on an off day once they signed me to say okay can you do the playoffs once you guys get eliminated and I agreed to that and then we had a day off and I went into the Fox studio in Century City in LA.
14:37Yeah. And I sat there for like two and a half hours and we did a mock pregame show. And I was nervous. I remember my knees were shaking. I'm like, wait a minute. I'm used to playing in Yankee Stadium in front of 55 ,000 people at the old stadium. And I'm nervous about this. But Kevin, I call him Magic Johnson. He's a little bit like Jason. He's the ultimate giver. He sets you up to win. I'm interested to know, because we share in Kevin and we both love him so much, what is it about him that made you feel better? I mean, you won an Emmy with him, but what makes him such a great leader and a great broadcast partner?
15:08Yeah, I'm glad you brought it up because I think all of us, yourself, me, I'm sure Tom Brady would now say it, like everyone who's ever worked with Kevin, the first thing they say is like, it's just easy. Like everything he does is easy. He takes you exactly where you want to go. He keeps you out of maybe where you don't want to go. And I think your Magic Johnson, he is the ultimate point guard. He's the ultimate kind of weave in and out, do all the hard work. And then his ultimate goal and what he does so well is he just makes whoever sitting next to him, whether it's on the desk with you and, and big poppy and Jeter, or whether it's sitting in the booth with, you know, the different guys he's worked with in the NFL, whoever works with him, he makes them always look awesome.
15:51And he makes them always look great. And it's the greatest compliment that you could pay a guy. He has no ego. He is selfless as the day is long. and it's the best teammate to have, especially for guys like us who you might know baseball and I might know football, but we don't know TV in the early days. At least I didn't. I didn't really know TV. And in a lot of ways now, Alex, I don't know how you feel about it, but like there's still elements of TV that I really still don't get. But like when your partner is just so good at managing and directing traffic and managing all of the technical stuff and you can just do what you do well, which is talk the game and provide insight and analysis, it just makes everything work so smoothly.
16:32But yeah, I could go on. We could do this entire segment about Kevin and now my partner, Joe Davis, who's also on your guys' World Series and postseason crew. Our team at Fox, as it is for the baseball crew, equally for the NFL crew, is just a really good collection of really talented people who can make the analyst job look a lot better than we probably are. To that exact point, Greg, Like, what is the thing that you feel like you had to learn the most? Because I know from working alongside this guy, it's like, you know, if there's one thing about professional athletes and professional athletes, you guys are grinders.
17:07You're coachable. You like to learn. You like to get better. What was the thing you had to get better at that you have sort of accomplished in these intervening years? Yeah, so I think the biggest thing is, and I don't even know if I've necessarily completely gotten over it or completely fixed all the problems, but I think one of the challenges that a lot of guys have that have played the game, and I'm sure for Alex to sit there when he watches a Major League Baseball game, Alex can probably find 25 things on any given at-bat or any given pitch sequence or any different defensive rotation in the field.
17:41and he could probably talk 25 minutes about why it's so important and why he finds it so interesting. It would be great television. But we don't have these unlimited boxes of time. We have to talk in these very clear-cut, succinct, especially doing an NFL broadcast where we're talking between plays in 20, 30-second intervals. So I think early on for me, it was just because I see five things that I might find interesting and I want to bring the viewer in on, I probably only have time to make a case for one of those interesting things, but I have a three hour broadcast to come back to some of the others.
18:16I think early on, I wanted to tell everybody everything I saw on every play because I'm fascinated by it. I love it. I find it the most interesting thing in the world, but it doesn't always make for great television. So I think that's something I'm still working through where less is more, you know, see a little, see a lot. Like all those phrases we used to have as athletes to simplify things. I think we can lean on a lot of those now in the broadcasting, in live television, where when you go too long is often when you get yourself in trouble. And that's been something that I've had to continue to remind myself as I've done this now the last couple of years.
18:54So, Greg, I want to dig in there a little bit because that's a great answer. And I'm really wondering, you go to 2015 and now you cut to 2025 and you're a completely different broadcaster. Like Jason said, you won an Emmy. You've covered a Super Bowl. Like you're one of the most respected guys in the industry. But talk to me about 2015, 2016. What were a couple things besides the one you just articulated, things you were doing probably wrong that today it would be a big no-no, that today you do more naturally? Yeah, I think it's a great question. I think a lot of the things would probably be what doesn't come on air, aside from just being more succinct and more clear and have better clarity and conversational is probably the best way to phrase it, that you and your partner just come across like they're two guys sitting on the couch having a beer together and just talking ball.
19:42That's what everyone wants from a viewer's perspective. I think when I look back on those early years where I had a lot of trouble, maybe not trouble, but had a learning curve was managing the picture of what we were saying. For example, we want to do a replay after a scoring touchdown, right? And I want to talk about, before we get to the ball and the throw and the catch, I want to make sure we spend some time, because the running back and the offensive line did a really nice job picking up a really elaborate blitz scheme that gave the quarterback time. Mahomes has time now to throw a touchdown to Kelsey.
20:13Instead of just diving in and just saying, great throw, Mahomes, great catch, Kelsey, I wanted to be able to steer the truck to say, hey, I want the sky cam behind the quarterback, start on a freeze because I want to draw up the thing. I had a hard time in real time getting that across. I knew what I wanted. It was hard for me to speak television that the people in the truck knew that they could put on the screen what I saw in my brain. And now it's a lot easier for me to say, hey, I want an ISO bottom of the screen. Kelsey start on pause. Everyone knows what I want. Hey, I want behind the defense pit frame start on pause because I want to talk about the defensive tackle, whoever it is.
20:54Like I can now have a little bit quicker and clearer way to direct the truck so that they set up a picture that is in line with what I'm really excited to talk about. But I think like anything else, like it takes a little time to get a comfortable enough to say, Hey, you guys in the truck that have been doing this a really long time. I want this picture and I promise you like, it's going to be good. I think early on, you're a little hesitant and you're a little nervous. You're saying whatever you put up, I'll talk about. So as anything, there's been a little bit of an evolution where I'm a little bit more assertive and saying, no, I feel really strongly.
21:28I want to go this direction. And to the credit of my producers and directors, and you know, Macheska, he produces the World Series with you guys. Like, again, I've been lucky that the producers and directors that I had have trusted that growth and are just really good at their job. Yeah. And you know, one thing that obviously you've talked a lot about, Greg, and I have to give you credit for talking as much and as openly as you have, is, you know, getting a new partner, essentially being, you know, replaced by Tom Brady, which, you know, I mean, is tough on one hand and also very understandable given the Tom Brady-ness of it all.
22:01I don't want to make you sort of relive and say a lot of the things that you've said before, but it does strike me that a lot of people listening, you know, this is a business audience, many people have encountered that exact same thing where like someone else, you know, comes in, new guy coming into the company, new man or woman coming onto the team. What's your advice for somebody having now gone through this who faces something similar because you've handled it with a lot of grace, with a lot of confidence? How did you sort of get there? And what would you say to people is the best way to handle something like that?
22:38I think in a lot of ways through this transition, a lot of the lessons that I've tried to learn on the fly in a new industry have just been leaning on things that served me well in my former life, which was as an athlete. And anyone who's lived in a competitive environment, and obviously Alex can speak to this as good as anybody in history of sports, like when you compete at a high level and you have high expectations and the expectations of you, there's only so many people that have ever reached that level, right? And I certainly from a playing career didn't. But when it came to this new chapter in my life.
23:10So many of the things of my former career paid dividends. And this was one of them. And I think the biggest lesson, what I would say to people is there's nothing wrong with being incredibly competitive. There's nothing wrong with wanting to be the best player on the New York Yankees, but that doesn't mean that Derek Jeter has to go over. That doesn't mean that the other players on your team can't have a lot of success. So like that was my career as a player. Like every year there were guys drafted to take my position and there were guys on the offensive side of the ball who competed for targets and catches and yards and all of that.
23:44And my success did not have to mean their failure and their success didn't have to mean I couldn't be really good either. And so I approached this world of TV in really the same fashion. Like my expectations are to be amongst the best people in the industry and whatever game that is. There's a lot of moving parts outside of your control. But what I control is I control how hard I prepare. I control how much I know about the sport of football. And I genuinely enjoy doing it. And if there's someone else who comes along who also is good, great. There's plenty of room for all of us. And that's really just been my approach.
24:18And with Tom, like, I want Tom to do a great job. I want Tom to have success. I root for Tom and Kevin. Like, they're my friends. Like, they're people. They're my colleagues. They're my friends. I want them to have success. but I still want to be regarded as being the best in the industry. And that's not a knock on anyone else. It's just the only way I know. And I'm sure no one knows it better than, than Alex. Like the expectations for a long time are that Alex is the best baseball player in major league baseball. And then all of a sudden you go line up next to Derek Jeter, who's an icon in New York city.
Read the full transcript
24:50That doesn't mean that Alex Rodriguez can't still be the best baseball player in major league in the world. Like it's a very similar world where you say, I can be really good regardless of the people around me being good or bad. Yeah, I love that, Greg. And look, when you have a career like you've had, where it includes doing some of the biggest games in the NFL, it includes an Emmy, and the principal brings you into the office, it's usually going to be like, hey, we're going to double your pay, and you're going to be in the A team forever. And instead, you get the opposite. So I've often said that you can't control what happens to you, but you certainly can't control how you react to those circumstances and those decisions.
25:27what made you reach that mindset? Yeah. And this is something that people probably think I'm a little crazy when we're coaching our kids teams and we're coaching football. And, you know, I coach my son's travel baseball team, Alex and I have talked a lot of youth baseball in our past times, crossing paths over the years. I'm just a big believer. Like if we're going to do it, let's do it. Like if we're, if we're going to spend all this time and energy, like I'm, I just don't have a lot of understanding and patience for just participating and just being content to have the position. I've always been of the mindset where I might not always be the best.
26:02I certainly was never the best football player my entire life. I was never the best NFL football player. At no time in my life was I ever the best player on my team, maybe in high school, but in college and NFL, certainly I was never the best player on my team, but I was always the best player I could possibly be. There was nothing more for me to do. If someone was better than me, they were just better than me. It's the same thing now in the broadcast role, whatever you label us as the two crew, the B crew, the one crew, whatever it is, if I'm going to do it and I'm going to spend all week and I'm going to travel the weekends and we're going to meet with these teams, the expectation is if we're going to do it, we're going to do it with every intent to be the very best at it.
26:41And that doesn't guarantee you will be the best and it doesn't guarantee you are perceived as the best, but that is just the intent going forward with everything you do in your preparation, your performance and all that. And then the dust can settle from there. And like I said, my approach as a player and all the lessons that I learned to kind of punch above my weight class as a player against better athletes, bigger, stronger guys that I competed with, I try to bring a lot of those same principles and approaches to now my time on television.
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28:07Alex and I are both fascinated by this business, having played as kids, being parents and having our kids play. What brought you to the point that you wanted to go beyond coaching your kids to really building a business around this? Yes, it really has just been kind of the story of my life. I grew up in North Jersey. My dad was the local public high school football coach for 40 years. He coached me and all my brothers. It was stereotypical local high school football, very intense, very driven, high expectations. You know, again, my two brothers and I, all three went on to play major Division I football as a product because of that early accessibility towards camps and coaching and leadership and all of those qualities we learned at a young age growing up playing through my dad.
28:55And then obviously I made a career out of it and now have come full circle where I'm the dad and I'm raising two teenage boys and a teenage girl. and they're all in their varying sports and levels of interest and whatnot. And I find myself now coaching those middle school teams and those girls basketball teams. And I'm coaching travel, baseball, and trying to understand, okay, how do we best navigate this not only for my own kids, but for the kids that we take responsibility for as the coach, as members of our team. And we'd lay in bed at night with my wife and I'd be like, I'm not sure if we're doing this right.
29:26Like, I'm not sure if we have it right. Does the world have it right? Like there has to be a conversation out there towards getting these families best practices to navigating what is a very different youth sports scene than what Alex and I grew up in. Like it just it is unrecognizable from 10, 15, 20 years ago. And that was the content piece of You Think. And we're having Alex and I through our friends at Fox are actually going to sit down and have a conversation. Alex has been nice enough to agree to that and just talk about best practices, best experiences. Tom Brady was our launch episode, and we have Malcolm Gladwell, who's one of the greatest thought leaders in the entire world, sociologists and psychologists and different practices.
30:03We have a really wide berth of different interview guests as well as other people creating content on our platform to entertain, to inform, and to empower people to have a better experience in youth sports. And then the back real engine of the company is a commerce platform trying to give people better experiences to represent their son or daughter's youth football. For us to buy a Dallas Cowboy or a Carolina Panther hoodie or a t-shirt is as simple as going to Fanatics. You type it in and it drops. Why can't we do that for the youth sports scene? Why can't you wear that polo you have and it has your son or daughter's high school logo on it that you would wear to go play golf or you'd wear to go play lunch?
30:43We're creating that ecosystem of the commerce on the heels of acquiring our customers and bringing our consumers in through a lot of our content pieces. It's so interesting, too. So I'm you know, I have a son who I went through it from a lacrosse perspective. So my son played, you know, club lacrosse all through ended up playing in college. And so like the massive ecosystem around youth sports, it's beyond, you know, by some measures, 40 billion dollar market. but it is broken up as much as anything else. We've had David Blitzer, Josh Harris on this show. They obviously have their own take on this through Unrivaled, which I know you're deeply familiar with.
31:25How does this business for you grow? I mean, and is this something that consolidates with other companies? I know you're literally just launching it, but I know you've thought about these things. Take us inside the business plan. Yeah, I'm not sure what the long-term strategy. Again, we are literally on like week one. of this launch, but it's been a two-year journey to get to this point. You mentioned the Unrivaled guys. I actually just sat down with them up in Cooperstown. They obviously own Cooperstown All-Star Village. They're a partner and a sponsor and are continuing to do more and more things with us that you think.
31:56And obviously, the projects that they're doing with Cal Ripken Baseball and the Cooperstown trip that we just took my 12-year-old son's team to a couple weeks ago. So we align in a lot of similar kind of circles of those guys at Unrivaled that you just mentioned. But I think Big picture for us, if we had to kind of just summarize what we're trying to do is we're trying to improve the experience of everyone involved in youth sports. And there's a lot of ways to do that, right? So there's the educational component. There's teaching coaches and players best practices of running. Everything from Alex Rodriguez telling us, you know, how to hit a curveball to Ryan Day, you know, on the heels of a national champion telling us, how do you get back into the lab after having an incredible season?
32:36What does offseason strategy look like? How do you build a coaching staff? How do you recruit in today's NIL day? Tom Brady and all these people giving very unique perspectives to both inform and empower. But then there's also an entertainment property. We have a lot of really fun content series that are coming down the pipeline that'll be more in the age of what everyone's sons are kind of watching on YouTube and Instagram and TikTok and whatnot that we're excited about. The commerce piece is the improving of experience of, I want to represent my son or daughter's team. And what I wear on a Friday night to a football game or a Saturday morning on a baseball field is a very different experience getting that pullover, that T-shirt, those pair of shorts than what it would be for the University of Miami or the Minnesota Timberwolves or whoever it is.
33:22It's a very different experience. And we took a step back and we said, OK, the infrastructure of that experience is very ingrained in people and what they're used to in their daily activity. Why don't we just take those and apply it into the youth sports sense? So now you can wear your favorite team because for a lot of these parents, and you guys know this, their favorite team is whatever team their kid is playing for. Totally, 100%. Monday through, on the weekends, that's what they're living for. So it seems like a real hole in the market that we feel like we can attack and go after. And we feel pretty good about the team we've put in place, the experience of a lot of our founders and a lot of the people we've brought on board, that we can execute the content element and the commerce side, and we can do it jointly.
34:03and obviously the expectation is that we can make a dent in this market. I have a bone to pick with especially like youth baseball. Maybe you can help me address this. Let's talk youth baseball because I live youth baseball every day of my life. I'm so sick of it, honestly, and I'll tell you why. You know, I come from a mother, you know, single mother. She was a secretary in the morning, served tables at night. We're 15, 16, 17-hour days. We leave at 7 in the morning and come home sometimes at midnight on Fridays and Saturdays. But I have so many of my friends, Greg, today that say, Alex, if you were a kid today, if you were 10 years old, Alex Rodriguez would never make it to the big leagues.
34:39And I would say, why? Well, because you and your mother couldn't afford it. And the same parents are selling their cars. They're having a double mortgage in their homes to be traveling around this perfect game stuff and all this nonsense. You have to make sports more affordable. And it just drives me crazy. You're 100 % right. And listen, I live this every single day. I've coached both my boys' teams. I now just coach my 12U team. We just spent a week in Cooperstown. I wrote a check for$30 ,000 to bring 13 boys to Cooperstown, New York, for an entire week. My team from the beginning, again, everybody, you know, different.
35:15To play on my team, you pay me$0. The only thing you got, Alex Rodriguez, you're on my team. I got a spot for you if you got some eligibility. I could afford to play on your team then. I think you could afford. Yes, I think you could afford my team. You could probably buy our league. But all that being said, you got to get yourself a bat and a glove and a pair of cleats, and we'll take care of everything else. And tournament entry fees, we'll take care of everything else that comes along with it. Sports, to me, costs me money. Now, I understand for a lot of these organizations, for a lot of these coaches, this is their full-time job.
35:50There is a professionalization of youth sports. There are professional youth sports coaches. Their only job in the world is to coach young athletes, both privately and they get paid to coach their team. And I don't fault anybody for it. There's a lot of really passionate people that spend their entire day in the world of developing young athletes, especially in baseball. But everything you said about the cost that comes with it is 100 % the truth. There are kids at 12 years old that are paying$3 ,000 to$5 ,000 a year to play on one team. they could show up to that team and have three new players come from Miami, Florida, be given a uniform and take their spot, paying nothing.
36:32But they've also flown to Atlanta. They've flown to Texas. They've flown to wherever the tournament is. They've stayed in hotels. They've rented cars. Plus, plus, plus, plus the$5 ,000 to play on their team. It is a never ending cost that if you want to participate in the junior showcase, there's an element of cost that is a barrier to entry. And I don't sit here pretending to know what the fix is to that. Like anything, I feel like once that ball starts rolling downhill, it's very hard to push it back up. there is a lot of money to make off the development of young athletes. And I try not to be critical because I know there are a lot of people that are doing it for the right reasons, but there are a lot of people that are just running business off of the idea of coaching and whatnot.
37:23And it's just not the world that I come from. We're coaching our kids' middle school football team. I'm from the world of youth coaches being volunteers. Those days are becoming very few and far between, Alex, and someone with your voice in the space, someone with your credibility, your success, obviously probably has a ton of weight to maybe to sway that pendulum back the other way. But baseball, of all the sports that we're in, baseball has probably gone the furthest towards specialization, professionalization, high cost of entry, and very, very serious and competitive at the earliest of ages.
38:00Greg, my first year, I'm going to date myself here. I was a rookie at 18 years old for the Seattle Mariners playing with the GOAT, Ken Griffey Jr., the great manager, Lou Piniella, Randy Johnson, Edgar Martinez, Hall of Famers galore all around. And at that point, there was about 20 to 25 percent of the league was African-American. And today is under 5 percent. And if you pull, and I was guessed because I don't have this data, but if you go to inner cities, some of our greatest athletes in the world are picking football, basketball and soccer and, you know, other sports because they truly just can't afford it.
38:31And I bet you 80 % of them, if you pull them, they just say, we just can't afford to try baseball, so we're going to go try something else. And that's a problem. And for Major League Baseball, at the macro level, how do you grow the TAM of baseball? You've got to have the greatest athletes playing the sport. And thank God, there's one great example that plays right here in New York City. His name is Aaron Judge, who was recruited by Notre Dame, Stanford, to be a tight end. And thank God for us and all of us who love baseball, he chose baseball. But I guarantee you 9 out of 10 are going to go to Notre Dame or Stanford to play football.
39:01Yep, absolutely. And that's a great example of a kid who maybe nowadays growing up, he might be forced to only play football or he might be forced to only play baseball. And he doesn't have those experiences as a high school player. And of course, it's worked out for him. He's an MLB all star and an MVP. But there's a lot of kids who the best time of their sports career might be their senior year in high school. And that's okay. Like if the idea of playing baseball as a young kid, if my kids only reason my two boys played baseball and they're both they're going to be in seventh and eighth grade.
39:34If their only reason for playing baseball was to grow up to be Alex Rodriguez, we should stop playing baseball. The odds of that happening are zero. I don't even know that the long shot of that happening is close to zero. But there's so many other experiences that come just from being on the team, competing in high school. Some of your best core memories are playing at a young age as a young kid growing up with your buddies in the neighborhood. And I think so often that is lost where for so many people, the only objective of playing youth sports is to either get a college scholarship or to become a professional.
40:10I'm not saying those aren't worthwhile aspirations and that those aren't great goals. But I think if we keep them as the only driving forces, we're missing so many of the amazing other lessons in life, things that we can carry forward into our marriages, into our parenting style, into the ability to work with different people from different backgrounds in the workplace. Like there are so many other aspects of sport that teach people how to live in society more than just the ability to make a living doing it. Yeah, no, it's totally true. And again, you know, having lived this from a parent's perspective, you know, when you actually start to do the math even and Greg, you'll appreciate this, especially as your boys get older.
40:50You know, the idea of like what you're spending and then, you know, in pursuit of a college scholarship, like the math doesn't even add up. You know, if you're spending five, ten thousand dollars, it's like, no, if what you're really trying to do is pay for college, then like put that money in a five twenty nine. But if you go into it and, you know, not to be too preachy about this, but like we said to our son through all of high school, it's like, listen, you are in this for so many other reasons than playing in college or getting a college scholarship. And we were very clear with him. It's like, if you wake up tomorrow, you know, and say like, you know what, I'm done with this.
41:28Like, all of it was worth it because of the exactly what you're saying, because of the experience you had making these friends, learning how to set goals, learning how to succeed, learning how to fail, win, lose all of that stuff. Yeah. And then it's funny. And when you go into it with the right driving forces at the start, and you're not going into it to win as many games as you can and to get a college scholarship, but you go into it, especially from a coaching perspective. And you can say, let's create a space of development, of accountability, of growth, of like really strong program rules and alignment.
42:02It's amazing how the goals that everyone wants, you end up And a lot of times, a lot of the kids reach them, but it's a byproduct of everything else. Not everyone's going to go play college baseball, but everyone's going to get all the great lessons. And then 10 % of them are going to go play college baseball. Like at our kid's school here in Charlotte, we have a really good baseball program. We have a really good football program too. But our baseball program has a bunch of really young, talented kids in the program. Small school, but just very, very good. Like in this last class, we're sending kids to NC State.
42:32Our pitcher went to Wake Forest. Our shortstop got drafted into the fifth round last year to the Orioles. We got some young kids that'll be like high, high level, either draft picks or college power five kids. But it's because it's a program. They're playing with their buddies. They've gone to school here since they were in middle school. Like there's an element of growth in saying, all right, I might want to wait my turn until I'm a sophomore or junior to play, but it'll all be worth it. Like we are speeding up the process of development so fast these days that we're skipping over so many steps.
43:03And if you don't become Alex Rodriguez or you don't get a college scholarship for everybody else, which is the vast majority, don't fit into that bucket. You look back and say, I didn't get anything else either. Like I missed all the other stuff that at least that's what's going on right now. And it's just getting younger and younger.
43:34We're going to do our lightning round. Five questions. Just first thing that jumps to your mind. I'll start and then Alex will pick up. All right, here we go. Best piece of advice you've received on deal-making your business? Have a strong understanding of what you don't know. Surround yourself with people who know a lot more than you and you're probably going to be in good shape. If you're the smartest guy in the room, it's a problem. Who's your dream deal-making partner? I mean, along the lines of what we're doing right now with You Think, You know, like a guy like Michael Rubin, right? I mean, what they built at Fanatics, understanding commerce.
44:08And I think he's brilliant in a lot of ways, but I have a lot of respect for what he's built. Yeah, what a hustler. Which team do you want to see win a championship more than any? I'd like to see Miami, Miami Hurricanes. Hopefully Alex feels me there. Big time. I'll take it in anything. I'll take it in baseball, basketball, girls basketball, football. I'll take it in any. But, yeah, I'd like to see Miami get back to being what we all remember. Yeah, let's keep it to football, and we have a big opener against Notre Dame. Question number four here. What is your hype song before a big meeting or negotiation?
44:42So I'm a big king. I know you guys know Kings of Leon. Of course. The band. I just saw them play in New York a couple weeks ago with Zach Bryant. There's a song there called Fans. S-A-N-S. All right. And it's just about – check it out. It's a really good song. Love Kings of Leon. All right, that's good. All right, last question. What's your advice for someone listening who wants a career like yours? The best thing that I've done in my career is I've always just continued the art of learning and the art of curiosity and the art of getting better. I don't know if at any stagnant point in time I was ever the best person at any given frozen moment.
45:18I think my strength had been I never stopped getting better for a really long period of time. And when we stopped at the end and I looked around, a lot of people who were better than me early on, I had passed by a long time ago. So I think that the ability to improve indefinitely has always been a strength of mine. That's great. All right. Well, this was super, super fun. We could literally do this all day. Thank you so much. We really appreciate it. Appreciate you guys, Greg. That was awesome.
45:53The Deal is hosted by Alex Rodriguez and me, Jason Kelly. This episode was made by Anna Mazarakis, Stacey Wong, and Lizzie Phillip. Amy Keen is our editor, and Will Connolly is our video editor. Our theme music is made by Blake Maples. Our executive producers are Kelly LaFerriere, Ashley Honig, and Brendan Noonan. Sage Bauman is the head of Bloomberg Podcast. additional support from Rachel Carnivale and Elena Saus Angeles. Thanks so much for listening to The Deal. If you have a minute, subscribe, rate, and review our show. It'll help other listeners find us. I'm Jason Kelly. See you next week.
From the publisher
In this episode of The Deal, Alex Rodriguez and Jason Kelly cover expansion and realignment in Major League Baseball. Later, they speak with Greg Olsen about his company, Youth Inc., and its mission to transform organized sports for kids. Olsen explains how his football career informs his work as a FOX Sports commentator, why the broader sports landscape is due for innovation, and the financial hurdles now confronting families involved in baseball.
You can also watch this interview on the Bloomberg Podcasts YouTube page.
See omnystudio.com/listener for privacy information.
