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The Financial Flipside Podcast

The Financial Flipside is, in part, a podcast for entrepreneurs, but it’s not only that. We also talk about the politics of money and the way that economic issues impact our daily lives. Our episodes cover everything from trade to tax reform, from cash flow to credit, from the history of money to the economics of immigration, all in a way that is frank, accessible, and (hopefully) fun.

Nov 6, 2019

Today we’re giving you a peek behind the scenes with an episode about one of our favorite pre-show topics: college sports [note: we’re both dyed-in-the-wool Duke fans. What can we say? The idea of your college as “the mother of your soul” definitely holds for us when it comes to sports loyalties]. This is perhaps the best and the worst time for a discussion about the economics of college sports: on the one hand, basketball and football seasons are underway; on the other, things are moving so fast that we need to use part of the show notes for a news update. 

In a move that will likely not surprise you once you’ve listened to the episode, the NCAA Board of Governors made a unanimous decision to extend the right to receive compensation for the use of their names, images, and likenesses  to all college athletes, an about-face from its earlier promise to contest California’s Fair Pay to Play Act. Of course, the NCAA is still a (non-profit) business, so this decision isn’t necessarily an indication of its newfound “wokeness.” They’re still obsessed with “student-athletes,” recruitment outcomes, and using amateurism as a barrier to further discussions about paying athletes, but the NCAA is at least paying lip service to a desire to move with the tide of history. More importantly, college athletes will get to reap some of the financial benefits of the enormous amount of time, energy, and effort they’ve put into playing the sports of their choosing. We definitely plan to keep an eye on this story as the NCAA rolls out its plan. 


Now that that’s out of the way, we hope you’ll enjoy listening to this episode as much as we enjoyed recording it. In addition to the fallout from the Fair Pay to Play Act, we discuss revenue sharing, Zion Williamson’s impact on the stock market, the history of NCAA vs. athlete lawsuits, position stacking, and what happens when a city hosts a college sports tournament. James also pours one out for EA Sports’s NCAA Basketball and Football franchises. There’s also a sports-related update from our Black Capitalism episode. 


Mentioned on the show:

  • Is that your king? We discuss the products of Jay-Z’s “social justice and music” partnership with the NFL, namely image rehabilitation for the League, a free concert, and a clothing line in a pear tree. Oh, and backlash. Lots of backlash. Both Colin Kaepernick  and Eric Reid came forward to criticize the partnership and Jay-Z’s subsequent comments about needing to move on from protests and focus on “actionable items”. The response hasn't all been negative: there are also people who support the partnership for various reasons,  including Cardi B, DJ Khaled, and former NFL player Marcellus Wiley. Both Wiley’s barbed (and, I’d argue, misguided-LaTarsha) comments about Kaepernick and his partner, Nessa Diab, and the wide range of opinions about this partnership demonstrate just how thorny and complex discussions of Black capitalism can be.


 Bonus content: