and richard walden also joins us. he's the head of sports finance at j.p. morgan private bank. welcome to be on the scoreboard, nice to see you. >> thanks, great see you. >> tom: rick, let's begin with you. how do these two labor situations differ? >> well, they differ because of the substance, first of all the nfl has had a partnership for 20 years sharing basically the net and the issue is on how much you deduct the gross revenue. baseball hasn't had that con second. second more important the personalities. baseball has done deals before with these personalities and football even though they have been at this partnership for longer, these are two relatively untested rookies and roger goodell. >> tom: do the personalities involved, rick walden, what about the finances here, are the financials easier for major league baseball to get a deal done? >> well, the financial structure is very different between football and baseball. you've got a salary cap in football, no cap in baseball but it em sos like base ball has been able to share revenue working it out among the players and o