David Rosenthal: belief

Transcript context

…The NFL, by the way, has $255 million of salary cap available per team. So let’s use this example. You’re up to $245 million, you have two players left, and you want to sign them both for $8 million. What do you do? You don’t have room in the cap, you only have $10 million, you don’t have $16 million available Now, you’re setting up something that in practice, I think the cap probably would do its job and there’s enough policing to ensure that the low trust environment thing you would do would say, oh great. Sign both players for half and then go to them on the side and say like, oh hey. By the way, these other companies that I control, they’re going to do a sponsorship deal with you. You’re going to become a celebrity endorser for them and that’s going to be another $3 million contract that you’re going to get on the side. Or look, you get to be an owner of a team at a low basis, and immediately you gained $3 million of on-paper wealth or something.…

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