00:10:28.640I couldn't imagine signing my letter of intent and having to study up on every single state law and who offers what.
00:10:37.380But making sure that we have athletes' voices mandated at the table.
00:10:42.060They're not here today, so I do feel a responsibility to represent those 560,000 athletes who are not here right now.
00:10:49.860But making sure that they've got recourse if their NIL rights are violated or not upheld.
00:10:58.640So, but let me just say again, I would love to work, and maybe the SCORE Act is the right vehicle that we continue to tweak so that it has a path in the Senate as well.
00:11:12.980I know that there's a lack of consensus on many of the governance issues, but we'd like to solve that with everyone here today.
00:11:32.740I would be remiss if I didn't acknowledge that.
00:11:34.500But with regard to the patchwork of state laws, as many of you probably know, the SCORE Act addresses it because it creates a national NIL standard.
00:11:43.660And then it allows the associations, the authority to make rules on transfers and compensation caps and the things that are really burdening the system.
00:11:51.740And then it protects those rules from being challenged under antitrust law.
00:11:56.760So we create an exemption there for that.
00:11:58.820So I think there are a lot of thoughts gone into how to address it there.
00:12:02.480But, I mean, again, we have no pride of authorship here.
00:12:05.100We want to have the best possible product.
00:12:06.900So, I mean, the authors of the bill are open to good suggestions.
00:12:19.400I appreciate you bringing everybody together because I think we're all here because we have a passion to protect college sports.
00:12:25.700And we've recognized that with this Wild Wild West mentality, it's not healthy for the future of college athletics.
00:12:33.040And so, bringing structure back and really bringing the ability for the schools to govern themselves again is what our intention was from the very beginning.
00:12:43.880I remember Coach Saban came to my office and others.
00:12:46.460And we started listening to the people that are there at the schools dealing with the problem as payment of students became legal,
00:12:54.760which happened through legal arguments that, Mr. President, you talked about.
00:12:58.680Some of these lawsuits that ultimately broke down the framework that Charlie Baker and others were able to use to police college athletics.
00:13:12.860We listened to the different conferences, all the different conferences.
00:13:17.940We talked to a lot of student athletes.
00:13:19.680We have a number of student athletes in Congress who played different sports, who are co-sponsors of the SCORE Act and came to this from that same approach,
00:13:29.040saying as somebody who played athletics or somebody who just has a passion.
00:13:33.100I lived in Tiger Stadium my second year at LSU, you know, in case you're wondering where my leanings are.
00:13:40.320But I care about the future of college athletics.
00:13:44.120And when you see a student athlete, as you talked about, Pete, on their sixth school and they're 28 years old, number one,
00:13:53.080they're not going to have any college credits to be able to graduate.
00:13:57.500And the idea of being able to get a degree for the 99% who aren't going to play professional sports is just going to be lost.
00:24:08.880It gives us a place that we can build on.
00:24:12.040But as we move into the Senate, the political dynamics are going to change.
00:24:16.680And many of the agendas that are represented in this room and outside of this room are going to come into conflict with one another.
00:24:24.420The reality is nobody is going to get everything that they want.
00:24:28.560You know, if we're going to come to a solution on this, we have to find a place where we're all sort of equally unhappy, so to speak.
00:24:35.500That's just like any other business deal.
00:24:37.400And I think what's key is that we are all willing to come to the table and compromise and work together, recognize that the small schools are important, the big schools are important, women's sports are important, Olympic sports are important.
00:24:50.160It's not just about big-time college football.
00:24:52.920And so that may require you twisting some arms along the way to make sure that people work together and are willing to give a little bit.
00:25:00.420And I understand that this whole ecosystem of college sports belongs to all of us.
00:25:06.580It's a public trust, as I've heard Clay Travis say before, and I think it's very accurate.
00:25:11.360And so it belongs to all the American people, and all the American people should share in it.
00:25:16.560And so I would just encourage everyone here, and I think that might even be a commitment that you could ask everyone to make,
00:25:22.380is that they will work together, they are a compromise, come to the table, and be constructive.
00:25:26.500So, Cody, I know you have worked very hard on this, and frankly, you know, you've been working on it long and hard, maybe harder than anybody else.
00:25:36.140I've heard your name mentioned more than anybody.
00:25:38.600Could you use this as a base, and we all get together, maybe as a smaller group, and ultimately report back to the larger group and come up with something?
00:25:50.000I think it's certainly a good base, and it's a great starting point.
00:25:52.660Again, the dynamics will be different in the Senate, and we'll have to build on it from there.
00:25:57.280And again, a lot of these tougher issues are going to come to the surface once we get there.
00:26:01.660But absolutely, we should be in a smaller group that can work on those things and work on the compromise that needs to be made
00:26:08.460to be able to have a bill that can get 60 votes in the Senate.
00:26:12.280Is there any way we could go back to the old system, which I thought was fantastic, and do something with some compensation for the players and simplify things so that you'd go back to a scholarship system, plus some compensation, more minimal, but, you know, a lot for a player?
00:26:32.840I mean, for the most part, they would consider it to be a lot, whether it was $75,000 or $50,000 or maybe more than that.
00:26:43.340But you go back to that wonderful system that I thought we had until this judge decided to just throw everything out the window.
00:26:52.340And it's been worked out for years and years, and it was finally honed.
00:26:59.000And then all of a sudden, we're sitting in this crazy neverland where colleges are losing hundreds of millions of dollars, and in many cases, not even putting out competitive teams.
00:27:23.060I speak on behalf of so many of my former colleagues that I visit them now, and they're a mess.
00:27:28.360You know, I don't see coaches sticking around longer.
00:27:31.360You know, the coaches are getting paid very well, so they leave and enjoy their life because what they're dealing with is the loss of a locker room.
00:27:38.740You take away team, and our country's in trouble.
00:27:41.740You know, my two girls played college volleyball, and one of the greatest interviews I've ever witnessed is she's at Georgia Tech, and said,
00:27:47.820I learned so much more on the volleyball court than I ever learned in any classroom, which I agree with.
00:27:53.140So I actually think it's a simple fix, and it's not simple unless we get antitrust protection because the NCAA, when I was growing up in the profession,
00:28:05.480if you violated a rule, that was a problem, you'd lose your job, and that was made very clear.
00:28:12.260Throughout litigation and other issues, the NCAA has become, they don't have subpoena power,
00:28:17.660and every time they make a decision, they get litigated, and I get it.
00:28:21.720I mean, I see, I witness it, and as a result, and we know this from some of the policies you put in place,
00:28:28.440rules without enforcement equals chaos.
00:29:49.520If you can make money on your name, you should have a right to do that.
00:29:54.020If you're a gymnast, a volleyball player, a football player, and a car dealership wants to work with you legally in a business world, do it.
00:30:29.320But the universities cannot arrange that and set that up.
00:30:32.620Universities can simply make sure their kids go to school, make sure they graduate, treat them fairly, make sure the women's sports, the Title IX, I'm all in favor of all that.
00:30:43.220But they cannot get involved in the financial marketing of your players.
00:30:53.440And the collective, I think if the collective goes away, college sports gets better immediately when you say that, if we have antitrust exemption.
00:31:03.660You know, it's just sitting around and having watched college sports for so long with no problems, no problems.
00:31:11.160What this incompetent judge did to this game, knowing nothing at all about sports, about anything that we're talking about today, is a disgrace.
00:31:24.320And it's going to be a very hard thing to put back together.