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Baseball Primer Newsblog— The Best News Links from the Baseball Newsstand
Wednesday, February 28, 2007
Billionaire blogger Mark Cuban is more serious about buying a major league baseball team than he’s been letting on. The tech entrepreneur and Dallas Mavericks owner is set to offer $625 million to buy the Chicago Cubs from Tribune Co., according to a source familiar with the matter. “Mark is desperate to buy the Cubs,” says the source. “He wants this so bad.”
Please Mark. Do it. Cubs fans deserve this. You will be a hero. A legendary sportsowner to bring the World Series trophy back to the North Siders.
If this happens, be afriad National League.
CrazyAboutLou
Posted: February 28, 2007 at 03:36 PM | 61 comment(s)
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But do you really think Bud and the boys will let him in? Everyone knows that as soon as Cuban is an MLB owner, he'll be blogging about umpire's strike zones and getting fined for it. Will MLB allow this to happen?
I think they'll block him.
I'll bet Selig is particularly opposed to Cuban being in the NL Central. But MLB could use a colorful individual owner much more than another faceless corporation.
Didn't he express an interest in the Pirates, only to be told the club was not for sale?
I am sure he does. Running an NBA team in the same market with the Dallas Cowboys seriously hampers his media face time, which in his mind should be about equal to Brangelina's. Owning the Cubs would make him the subject of a jillion feature stories and would jack the hits on his blog through the roof to where he would likely start a new Cubs blog.
As to whether he would help the Cubs--certainly, his track record in Dallas and the lack of a salary cap in baseball indicate that he would, as long as he was smart enough to hire good people, give them some latitude, and realize that building a winer in MLB is differnt than building one in the NBA. Watching him deal with Selig would be funny.
That said, it would still be interesting to see.
Judging from his background, there's a pretty good chance he'd make the Cubs a lot more saber-friendly. That would make a lot of us Cub fans here really happy.
Didn't he express an interest in the Pirates, only to be told the club was not for sale?
Yes. He's frequently talked about wanting to buy the Pirates, but he's been denied.
http://www.pittsburghlive.com/x/pittsburghtrib/s_392140.html
They are... but I just think Cuban is the type who would think asymmetrically about building a winner, something I think TribCo has been quite unwilling to do. You can certainly make an arugment that the blame there lies at the feet of Andy MacPhail (up until this past offseason), but the fact is -- the only real front office maverick the TribCo ever employed (Dallas Green) was basically driven out of town by his clashes with Tribune corporate culture... of course - a hands-on owner like Cuban presents an entirely different set of possible conflicts with his management team, but I guess you could I'm bored with the current problems and would prefer to see a whole new set of problems.
It's entirely true that the Tribune has never (or at least, rarely) been 'cheap' in terms of payroll, Madddux is really on the own big FA that's gotten away... Sutcliffe, Sandberg, Sosa, etc - most Cubs get their payday.
The problem, as I see it, isn't that the Cubs skimp on payroll -- it's that they look at the bottom line, see a payroll ranked 2nd or 3rd in the leauge - and figure that the payroll isn't the issue. the problem is -- that high payroll isn't high because they have 5 legitimate MVP/Cy Young candidate studs tying up 60-80 mil, it's high because they overspend on eminently replaceable utility IFs and middle relievers... I have no hard facts to base this on - but I think you can directly tie this to the TribCo. Corporate culture is heavily invested in reducing risk... and there's certainly a lot less risk in paying 25 guys 4 million a piece than there is paying 3 guys 25 million a piece and 23 guys a million a piece.
One can point, of course, to the Soriano signing this offseason -- but I think that was as much a matter of certain Cub officials realizing they're the natives are restless and they needed a big 'splash' than an overall recognition that 1 A-Rod at 25 mil a year is worth one hell of a lot more than 5 Neifis at 5 mil a year.
What I think an owner like Cuban brings to the table -- if A-Rod goes on the block, the chances of him landing in Wrigley become something like 50/50 rather than slim-to-none.
Perhaps I'm mistaken -- but when you look around baseball at the mega-FA contracts, and more importantly -- those big trades involving monstrous salaries, etc -- it's usually the egotistical 'single owner' (Tom Hicks, George Steinbrenner, etc) teams that get the trigger pulled than it is the faceless corporate teams.
Anyway, he'll have billionaire Sam Zell to contend with. Zell has reportedly put in a bid for the Trib lock, stock, and barrel.
I think he would outspend them, for one. Second, he would bring the demand for and expectation of success, which the Cubs have never really had at the top. Third, he would bring energy. In any organization, the leader sets the tone.
Was Donald Trump serious at all about wanting to buy the Cubs?
those concerns aside i think he'd be great for the cubs. it'll be interesting to see how the league handles another steinbrenner type, though.
I'm not saying potential buyers aren't aware of the 448 mil valuation, nor that it won't come into play (and even further - I'm not saying I think the price tag necessarily hits 1 billion)... but ever since Wall Street took over the world -- the actual 'value' of anything, be it a commodity or business, seems to have less and less with its pricetag and a lot more to do with the old axiom "everything is worth exactly what someone is willing to pay for it."
It would not shock me in the least to see the Cubs sell for 1 billion... if they are sold separate from the TribCo, I suspect the price will be closer to 750 mil or so - but 1 billion would only mildly surprise me.
I'm not saying potential buyers aren't aware of the 448 mil valuation, nor that it won't come into play (and even further - I'm not saying I think the price tag necessarily hits 1 billion)... but ever since Wall Street took over the world -- the actual 'value' of anything, be it a commodity or business, seems to have less and less with its obejctive valuation and a lot more to do with the old axiom "everything is worth exactly what someone is willing to pay for it."
It would not shock me in the least to see the Cubs sell for 1 billion... if they are sold separate from the TribCo, I suspect the price will be closer to 750 mil or so - but 1 billion would only mildly surprise me.
BTF is reporting that Deadspin is reporting that Some Random Tabloid Rag called Radar Online is reporting that an annonymous source is claiming that Cuban wants to buy the Cubs.
HOW is this credible news? How is this even a slightly credible rumor? We're left where we started, with an earlier generalized expression of interest by Cuban, to the effect of "sure, I'm always interested in acquiring new sports properties."
yeesh.
World Series within 5 years if this happens, bank on it.
even as rich as mark is, there has gotta be a lot of money from the bank or other investors in this number. wonder which it is.
free agent bidding philosphy at its best. bid not what a guy like a-rod or dice-k is worth, but just more than whatever you think someone else is willing to pay for him.
And on what basis would Selig keep Cuban out? It seems to me that the backstage wrangling happends when the commissioner pressures the owner on the sale prior to the approval process. For instance, presumably thanks to Bud, the trustee of the Yawkey trust ended the bidding process when Henry matched the highest bid, despite Dolan's willingness to go $90M higher. Seeing as the Cubs have a duty to their shareholders to maximize the value they receive for the Cubs, they should, in theory, be immune to that pressure. Of course, the Yawkey trust's trustee had a similar duty which he ignored (though he claimed that the ease with which Henry would be approved made Henry's offer in the best interests of the trust). Still, the relevant questions with Cuban vis a vis the Tribune Co. should be 1) how high is Cuban willing to go? and 2) are the Cubs willing to sell?
Once it reaches the approval process, the rejections by the owners themselves seem to have been based on financial werewithal. Otherwise, approval can be contingent on things like building a new ballpark (as in Pittsburgh with McClatchy), but that shouldn't be an issue with the Cubs. If the owners reject Cuban because of other issues, which I suppose they might, we'd hear about it loudly and publicly which would probably lead to some bad publicity for MLB. I suppose MLB could reasonably spin complaints as more ramblings from that maniac Cuban.
As I sort of alluded - I'm not saying it's 'right'... just saying it 'is'.
Cuban vs Steinbrenner, mano a mano. It would be beautiful, man.
He can put it the World Series trophy next to all those NBA Championship trophies he's won.
With Steinbrenner no longer the Von Steingrabber of old, MLB is sorely lacking in lunatic owners. There are no Charley O's, no Veecks, No Captains Outrageous. Just some well-meaning or not-so-well-meaning, rich guys, some incompetents, and a bunch of faceless corporations.
Mark Cuban, as the owner of the Mavericks (how damn appropriate is that name) was really a throwback to the colorful, out front baseball owners of old. He is in fact wasted on basketball.
MLB needs Cuban. Cuban needs MLB.
That is, of course, why it won't happen.
I am skeptical that Trump has anywhere near the cash to buy the Cubs.
That's my understanding too; I once had a professor in business school who was hired as a consultant by Cuban to provide him detailed statistical analysis about the Mavs. He talked about it in class occasionally; I don't remember the exact details, but it was obviously pretty sophisticated stuff similar to what you are mentioning. It raises an interesting possibility; a saber-friendly Cubs team for a change if Cuban ever were to buy them.
Radar also exists as a paper magazine, so they aren't strictly online. I mean, the magazine has had a remarkably spotty publication history but the latest issue came out just a couple of weeks ago, so it's not strictly accurate to describe them as an "online tabloid".
Yes, but as I suspect you know, that has not translated into on-field success. Which begs your first question, whose answer, I think, is pretty obvious--he'd probably hire people who are more on the ball in terms of talent evaluation.
I mean, he might be a disaster if he in fact DOESNT show baseball acumen (and/or makes the running of the team all about him), but at least we know he's a sports fan as opposed to a corporation worried about answering to shareholders.
He's colorful, but he's also the biggest spin doctor on the whole freaking Internet.
Trump never pays cash for anything anyway.
AAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!
Two minutes? Man, that dial-up connection must suck.
Yeah, not the most plausible of media reports. I read the (quite assertive) Newsstand headline and thought "Cuban owning the Cubs, now that would be interesting!" I'm a little too young to have experienced the real thick of things when Steinbrenner ran the Yankees (spying on Dave Winfield and the like), so I'd welcome Cuban's brand of rational craziness into MLB.
===
Cuban shoots down report he's set to bid for Cubs
By Phil Rosenthal
Tribune media columnist
Published February 28, 2007, 3:59 PM CST
The Cubs are not about to become Cuban's, contrary to an Internet report.
Mark Cuban, the billionaire blogger, entrepreneur and owner of pro basketball's Dallas Mavericks, on Wednesday shot down a Radar Online report that said he is "is set to offer $625 million to buy the Chicago Cubs from Tribune Co."
"Not true," Cuban said by e-mail.
Radar quoted "a source familiar with the matter" as saying Cuban is "desperate to buy the Cubs" and "wants this so bad." It said it got no response from Cuban, who responded to a Chicago Tribune inquiry concerning the report in less than 15 minutes.
"I have no idea where they got their info," Cuban said.
Tribune Co., which owns the Cubs, the Chicago Tribune and other media properties, is currently exploring options to boost shareholder value.
Really? What stone? Not ... THE stone?!
Very, very funny. Had me laughing out loud.
"When the legend becomes fact, print the legend."
Secrets of a Hollywood SuperMadam," a tell-all book by Hollywood madam Jody "Babydol" Gibson that will be released Thursday, claims that Lasorda frequented her call-girl service, the reports of which brought from Lasorda a denial and a promise to sue. The book's lurid excerpts have since ratcheted Internet voyeurs to DEFCON 2. But Lasorda shook his head and said further dialogue would serve only to sell more books and perpetuate the story, the thought of which reddened his face and tightened his lips.
Oh boy oh boy oh boy.
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