>> So the NCAA actually put out a memo.
A new memo this week, outlining new requirements for agents looking to represent players testing
the NBA Draft waters, okay?
It's being called awful.
I've seen elitist, racist even people are saying.
Here's the new rule.
Let me, agents now have to have a bachelor's degree.
NBPA, so National Basketball Players Association certification for at least three consecutive
years, professional liability insurance and completion of an in-person exam taken at the
NCAA office in Indianapolis in early November.
The bachelor's degree part, that's what a lot of people are upset about.
A lot of people are talking about that, they're calling this the Rich Paul rule.
And let me explain that, because I think this is important, even if you don't like sports,
I think so.
So, Paul represents LeBron James, the greatest.
He also represents Anthony Davis, Ben Simmons, Draymond Green, other people and he had recently
brought his Klutch Sports Group under the United Talent Agency umbrella.
Here's the thing, Rich Paul began working with LeBron James a couple years after high
school and didn't graduate from college.
So in case you don't understand that, that means under these new guidelines, Paul wouldn't
be able to represent players looking to kind of like testing NBA draft waters, which is
ridiculous because he's good enough to represent LeBron James.
So James tweeted about this a couple times actually saying hashtag TheRichPaulRule he
wrote can't stop won't stop there big mad and scared.
Nothing will stop this moment in culture over here, sorry not sorry.
NBA star Chris Paul jumped in.
He tweeted I completely disagree with the NCAA's decision.
Some life experiences are as valuable, if not more than diplomas and y'all need to rethink
this process.
This is crazy.
Even 2020 hopeful, Andrew Yang, jumped in the conversation saying, instead of putting
arbitrary requirements on agents, the NCAA should pay Division I athletes who generate
millions in revenue for their schools.
Coaches and athletic directors make millions while the kids pretend to be amateurs and
scrounge for meal money.
LeBron also tweeted a couple of screenshots from some articles that kind of document Rich
Paul's groundbreaking work, you could say, in the industry.
This was an ESPN piece from 2012.
And there's just a few pieces he highlighted there, saying, there was an agent quoted saying
Rich is now a major threat to every large corporate agency that exist.
There's trembling throughout the industry and that's why some people are taking shots
at Rich.
Also saying like you'd commonly said Lebron James made one of his boys and woefully unqualified
member of his entourage his agent and he didn't graduate from college so how did he get certified?
So I get, why one would call this elitist?
>> People, sure.
>> Of course.
So is it a completely legitimate issue?
No, not necessarily because a lot of athletes are really targets for scam artists.
A lot of famous people, celebrities are targets for scam artists and so I get that but it
seems more like an excuse.
Think about how insulting it is to the players.
A lot of them didn't graduate from college cuz they went on to go play at the NBA.
Now if you're great, you either come out of high school or you come out after your first
year in college.
So, now some go back and finish up but a lot of them, by definition, didn't finish college.
They just called most of the NBA illegitimate.
>> They make them play that one year.
>> Yeah, that one year.
One and done.
I'm so glad you brought up that some players are targets for scam artists, Jake.
Because that is true, if we all remember back in 2017, well, four NCAA assistant coaches
and an Adidas rep were all indicted on bribery charges.
But wait, they all had college degrees.
>> How could that possibly be some of the scam artists in this world happen to have
college degrees or go to Wall Street and you'll find tons of college degrees which doesn't
actually impact their moral compass.
Shot caller, but that's exactly what they're trying to do here, the NCAA.
They're trying to control this sense of morality that, well, these young kids and they treat
them like children, right?
This is what the NCAA's problem is.
They try to treat these athletes as children instead of young men who are coming out into
the sport, young men and women.
And that's what they're trying to do is they're trying to coddle them, so in order for these
kids to potentially go on to achieve great things.
They must have someone representing them who has a college degree because that person is
going to be a stand up person.
Well, I'm sorry but a lot of times you'll find out that doesn't matter, as Chris Paul
said their life experience.
And if you are overall a bad person, whether you've got a degree or not, it's not really
gonna influence that.
>> Yeah, so I want to add a couple things.
First of all, of course, there is the biggest scam artists in the country graduated from
an Ivy League school.
His name is Donald Trump.
>> Okay, even in graduating from that school was a scam.
His daddy got him in, miserable grades, he's been hiding ever since, etcetera.
But this actually reminds me, to make it even more political, of the DNC.
How so?
Well, in a lot of times especially in the last election in 2018, and now the D triple
C, the house of representatives version of the democratic leadership is doing the same
thing, even more so.
Are saying you have to use our consultants and our lobbyists, the people that are connected
to us.
Otherwise, we're not going to support you in your races if you're Democrats.
So in this case, they're saying, you gotta use our buddies who have gone through the
certification, etc, and that are part of the establishment if you want to use an agent.
You're gonna use people that haven't already made it that aren't part of our club.
>> That's it.
>> Yeah, that's the number one thing.
>> That's what it is, yes.
>> Yes, exactly and so that's why the Democrats do it cuz they want to maintain the club.
And that's why the NCAA is being pressured by the agents who are all part of the club
to say, hey, don't let anybody else in the club, especially the riffraff people who aren't
in the upper class.
I mean, think about Rich Paul, right?
Well, I mean, they're still talking smack about him.
He's got the top, not only the top clients, he got them to top contracts.
He literally cannot do a better job.
They're all maxed out, right?
>> Yeah, and it's all started with this organization that exploits kids for billions of dollars,
right?
These young athletes, exploiting them for billions, saying that you need to go and put
yourself into this financial debt in order to come and represent them that they're exploiting
for billions playing for their organization and they don't pay them.
It's like, well, I could somewhat understand that they are always looking for ways to try
and keep these athletes from going to the NBA too quick, cuz they want to make money,
right?
If you're trying to put forward some of the best and brightest athletes, and they've got
a chance of leaving earlier because some agents are looking to try and move them onwards and
they can try to milk some more out of them, how do you do that?
Or you could use some of our own club members who buy and maybe just wait a year.
You don't want to go and sign a contract.
Maybe hold out, play for another, fill some of the stadiums and then we can maybe move
you on to bigger and better things.
>> And it's gonna backfire because it's not, which if they want to focus on these kids
their education, then it's gonna backfire.
Because we're talking about kids who are simply testing the water.
So you're saying your uncle cannot take meetings for you.
All these kids are just gonna declare.
Because, if you finish your first year and Rich Paul is talking to you, you're good.
But the other people that you're now trying to protect from so-called scammers, they're
just gonna declare early and then be screwed out of finishing their school.
>> Yeah.
>> Finishing their degree, they're just gonna declare.
They're not gonna be like I'm not gonna think about potentially coming back, I'm just gonna
declare for the draft.
>> And, one last thing, since you need a bachelor's degree, it literally creates a monopoly in
a sense, or an analagopoly.
And this is Rich Paul, one of the most successful agents in the country is not allowed to talk
to these athletes.
That's mental, right?
It's not just about future agents that are gonna come and talk to you.
Current living day agents, that are literally the most successful in the business are not
allowed in, because, I do declare, the club has declared that they don't want them.
>> I wish you finished the accent full out on.
>> I think he saw me sitting here and thought do I go formal with this?
You got an accent judge right here.