Texas Rangers: Mark Cuban

Cuban: Rangers in good hands with Jon Daniels

October, 18, 2013
10/18/13
5:30
PM CT
DALLAS -- Mavericks owner Mark Cuban knows a bit about messy sports divorces.

He has been through a couple with Don Nelson and Avery Johnson. In both cases, the Mavs reached greater heights after the bitter breakups.

Cuban, who bid against Nolan Ryan’s group when the bankrupt Texas Rangers were being auctioned, doesn’t know the details of the Nolan Ryan-Jon Daniels relationship. As a result, Cuban was cautious with his comments on the situation, but he did offer a vote of confidence in Daniels’ ability to run a ballclub.

"All I can say is Jon Daniels is smart, and Jon Daniels isn't out for Jon Daniels," Cuban said. "I talked to Jon a few times, and the sense I always get is that he's dedicated, he's focused, he's committed, and it's not ego driven.

"He just wants to win, and I think if you've got somebody like that, then he'll adjust to do whatever is best for the organization. I'm sure he's upset that Nolan's leaving, too. But again, I don't know any of the specifics. But I'm a Rangers fan, and I think they're in good hands with Jon."

Cuban: Spurs' loss reminds of '11 Rangers

June, 19, 2013
6/19/13
12:38
AM CT
The gut-kicking nature of the Spurs’ come-from-ahead overtime loss in Game 6 of the NBA Finals reminded Mark Cuban of one of the most miserable moments in Metroplex sports history.

PODCAST
The Spurs had a championship in their hands, but melted down late in Game 6. Fitzsimmons & Durrett flash back to one of the most gut-wrenching moments in DFW sports history, Game 6 of the 2011 World Series, and compare it to San Antonio's meltdown.

Listen Listen
“Hate to say this, but this game felt like the Rangers in the World Series,” Cuban tweeted after the Heat’s home rally from 13 down to even the series, including a five-point comeback in the final minute of regulation.

As far as historic Game 6 meltdowns go, the Spurs’ crunch-time crumbling certainly conjured memories of the Rangers’ blowing leads when twice being a strike away from finishing off the St. Louis Cardinals for the franchise’s first title two years ago. The image of Nelson Cruz’s right-field adventure at Busch Stadium that resulted in a David Freese triple will forever be burned into the minds of Rangers fans.

At least the Spurs have four NBA championships to fall back on if they can’t claim Game 7 in Miami.

Of course, the Spurs’ loss could also cause flashbacks of the Mavs’ Miami meltdown in the 2006 Finals, when Cuban’s squad left Dallas with a 2-0 series lead before letting a 13-point lead slip away in Game 3, the first of four straight, controversy-packed, free-throw-filled losses.

The Mavs got their revenge by beating the Heat in 2011, months before the Rangers came one play away in St. Louis.

Mark Cuban's message to the Texas Rangers

October, 18, 2012
10/18/12
2:41
PM CT
DALLAS -- Mark Cuban can relate to the Texas Rangers.

Cuban’s Dallas Mavericks had a championship seemingly in their grasp only to have it ripped away, when they flopped in the 2006 Finals after opening a 2-0 lead and holding a double-digit lead midway through the fourth quarter of Game 3. The Mavs followed that up with a 67-win season that ended in embarrassing fashion, as the ex-Dallas coach Don Nelson’s Golden State Warriors became the first eighth seed to win a best-of-7 series.

PODCAST
Galloway & Company react to Mark Cuban's advice to the Texas Rangers in regards to the importance of team chemistry.

Listen Listen
The Rangers’ situation right now is remarkably similar. They were one strike away (twice) from a World Series title but failed to slam the door on the St. Louis Cardinals. They followed that up with one of the worst late-season collapses in baseball history, allowing the Oakland A’s to rally from 13 games back to win the AL West, and then losing the wild-card game to ex-Rangers manager Buck Showalter’s Baltimore Orioles.

“It’s painful, incredibly painful,” Cuban said, reflecting on his experience and imagining how Nolan Ryan, Jon Daniels and the rest of folks in the Rangers’ front office feel. “They’re probably still not leaving their houses to go out and see the world. Don’t eat as much pizza delivery as I did.”

Cuban, who bid against Ryan’s group to try to buy the Rangers in 2010, does have some serious advice for the Rangers’ brass.

“Just stick to what got you there,” Cuban said. “I would also say, as a fan of the Rangers with my background, culture and team chemistry matter. That’s what helps you today and 10 years from now. Don’t violate that no matter what.”

That means adhering to the franchise’s philosophy, not necessarily the players on the roster. When the Mavs won their title in 2011, Dirk Nowitzki and Jason Terry were the only players remaining from the Finals team.

Most Beloved: Vote for Enamored Eight

March, 18, 2012
3/18/12
10:30
AM CT
Who advanced and who didn't?

Sometimes, love hurts. And while some of your favorites -- Pudge Rodriguez, Michael Young, Mark Cuban, Jimmy Johnson, Ron Washington, Bob Lilly, Jason Witten and Josh Hamilton -- didn't make the cut, take a look at who's left!

Your voting determined our Enamored Eight, and now you have until Sunday to vote and decide who advances to the Fantastic Four of our Metroplex Most Beloved sports figure bracket.

It's much harder this time around. The matchups:

* No. 1 seed Roger Staubach vs. No. 9 Michael Irvin
* No. 4 Tom Landry vs. No. 5 Dirk Nowitzki
* No. 2 Emmitt Smith vs. No. 7 Mike Modano
* No. 3 Troy Aikman vs. No. 6 Nolan Ryan.

Choose wisely by voting here through Sunday. And join the discussion afterward.

Special guest slated for Heroes Celebrity game

June, 29, 2011
6/29/11
8:22
PM CT
Add a famous newcomer to the always power-packed lineup of celebrity athletes that will be on hand for the ninth-annual Reebok Heroes Celebrity Baseball Game at 6 p.m. on July 9 at Dr Pepper Ballpark in Frisco (7300 RoughRiders Trail).

Joining the famous faces of Mike Modano, Mark Cuban, Bradie James, DeMarcus Ware, Donnie Nelson, Everson Walls, Jason Witten and Dave Annabel, among others, will be none other than the Larry O'Brien Trophy, the NBA's championship trophy won by the 2011 Dallas Mavericks. In lieu of playing in the game, the trophy will stick around and pose with fans for pictures.

Tickets are $5, $7, $12 and $15 and are on sale at Ticketmaster.com (1-800-745-3000) or at the Dr Pepper Ballpark Box Office during office hours. Will call will open at 10 a.m. on July 9. Tickets also will be available at the door.

Money raised from the game will benefit the children's charities of The Heroes Foundation and The Mike Modano Foundation.

Local giants gather to talk sports, economy

January, 5, 2011
1/05/11
8:49
PM CT
DALLAS -- A lively discussion took place on a stage on floor of the American Airlines Center with a star-studded panel of the area's biggest sports movers and shakers.

The National Sports Marketing Network North Texas Chapter held its inaugural event and attracted to its panel Texas Motor Speedway president Eddie Gossage, Dallas Mavericks owner Mark Cuban, Texas Rangers general managing partner and CEO Chuck Greenberg, Hunt Sports Group chairman Clark Hunt, and Bill Lively, the president and CEO of the North Texas Super Bowl XLV Host Committee.

The umbrella discussion topic was the economics and growth of sports in Dallas-Fort Worth. Take for instance, the major sporting events in here just in this past calendar year starting February 2010: The NBA All-Star Game, the World Series and coming in 32 days, the Super Bowl.

Other topics ranged from selling tickets to social media to broadcast rights. The first portion of the discussion dealt with the difficulties of attracting fans to games during the continuing economic downturn and in the face of steep sports competition with all four major professional sports, Texas Motor Speedway, plus Major League Soccer's FC Dallas and even TCU and SMU.

Cuban, whose Mavs continue a sellout streak that's surpassed 300 games, but have had to hustle more to keep it going, put it this way: "I liked it when the Stars sucked. I liked it when the Cowboys sucked. Life was easy."

Greenberg is the new guy in town, a Pittsburgher who took over the reins of the Rangers franchise along with Nolan Ryan and a group of investors. He came on at the perfect time. The team was young and on the rise. The franchise successfully traded for ace Cliff Lee and advanced to its first World Series, attracting and re-attracting a bandwagon of fans.

Now, he said his job is to cater to a fractured fan base from the previous ownership that is rejuvinated and to get them to buy seats at Rangers Ballpark in Arlington. The team has concentrated on selling newcomers on smaller ticket packages and then escalating to full-blown season tickets. "It's like a first date and building it up to a marriage," Greenberg said. "If in this community we can't draw 3 million people, we're just not very good. We think we can do that."

Gossage has seen a drop-off of casual fans that catapulted NASCAR to a major boon not too long ago. Selling tickets to the massive superspeedway has become more difficult and in no small part to the sports competition in the area.

Gossage didn't hold back when he said, "That giant sucking sound you hear is Cowboys Stadium. The Cowboys are sucking up all the money and making things more difficult."

Lively eloquently dished on the coming of Super Bowl XLV to Cowboys Stadium. He stressed that once the game comes and goes, the North Texas Super Bowl committee won't pack up and go away. They will be busy on their next bid, which he said will come in 2012. The next possible Super Bowl back here? 2016 -- Super Bowl L.

Lively also announced the hope for a sports commission for North Texas to work collectively and bid on major sporting events to bring to Cowboys Stadium, Rangers Ballpark, American Airlines Center, Texas Motor Speedway, Pizza Hut Park in Frisco, among others.

And, oh, there is also a push to bring the 2020 Summer Games to Dallas-Fort Worth.

Chuck Greenberg praises Michael Young

January, 5, 2011
1/05/11
8:00
PM CT
DALLAS -- Texas Rangers general managing partner and CEO Chuck Greenberg was all smiles Wednesday evening as he dished on the day's free-agent signing of third baseman Adrian Beltre. Greenberg also was quick to tip his cap to Texas Rangers captain Michael Young, whose willingness to abandon third for the role of designated hitter and "super" utility player made the signing easy.

"He came to us and was adamant about how strongly he felt about staying with the Rangers and being a part of our collective success and embracing whatever role he could in that journey," Greenberg said. "I'm sure if he had his druthers he would be at third base every day, but you can't say enough about his professionalism and his willingness to put the organization first. Because at the end of the day we all have a singular goal and commitment, and that's to win. The fact that he felt so strongly about being a part of that says a great deal about Michael and a great deal about his belief about the path that we're on."

Greenberg is participating on a five-member panel that includes Eddie Gossage, Bill Lively and Mark Cuban as part of the National Sports Marketing Network's North Texas Chapter's inaugural event. The area's sports leaders gathered with area mayors and sports marketing professional to discuss the state of sports business in D/FW in terms of the economics and growth of the region. Greenberg took time to talk baseball prior to the panel discussion.

Young moved from second base to shortstop earlier in his career to make way for Alfonso Soriano, who refused to play the outfield. Young then transferred from shortstop to third base to make room for phenom Elvis Andrus. And now Young is moving again. But this time he's been asked to give up playing the field on an everyday basis.

He's been given assurances that he'll see action at all the infield positions, which could include first base, and that he'll get his typical number of at-bats during the season.

The question really becomes if Rangers manager Ron Washington will truly be able to keep Young active enough in the field to keep him from becoming bored as a designated hitter when Young believes he can still contribute much more.

"The reality is it gives Wash so many different options and ways to approach the lineup," Greenberg said. "One hundred sixty-two games is a long season and you pencil everything in emerging from spring training and there are always surprises thrown your way. Inevitably there will be things that you don't hope for and you don't count on. This gives us so many different ways to deal with it. There will be plenty of at-bats and plenty of opportunities in the field for everybody. That's just the nature of the game."

Dazzling Dozen: Auction winners, grand slam

November, 15, 2010
11/15/10
12:00
PM CT
Perhaps the biggest off-field story of the season occurred at the same time as a big on-field performance. And that brings us our top-5 of the 12 most memorable moments.

No. 5: Chuck Greenberg, Nolan Ryan win auction and Rangers win with Michael Young grand slam

The day was Aug. 4. Well, at least the game and auction started on Aug. 4. Both finished on Aug. 5 and ended up with a victory for club president Nolan Ryan and the Rangers.

After months of court hearings and motions, the fate of the Rangers ended up in an open auction in bankruptcy court. Rangers Baseball Express, the group headed by Chuck Greenberg and Nolan Ryan, went up against a group involving Houston businessman Jim Crane and Dallas Mavericks owner Mark Cuban. The auction took 10 hours and culminated in a late night-early morning bidding process that ended up with the Greenberg-Ryan group owning the team. Ryan called it an emotional roller coaster.

But as the bids were exchanged and the Ryan-Greenberg group was sending in its final bid, Michael Young hit a grand slam home run in the seventh inning to put the game out of reach. The Rangers won, 11-6, ending a two-game losing streak (and three of the last four). The win was the start of a three-game winning streak for the Rangers.

After the game, the clubhouse was buzzing as news trickled in that the Greenberg-Ryan group had won the bidding. Young said it was a "big day on and off the field for the Rangers" and players expressed appreciation that Ryan would remain in the organization.

"Every since Nolan has been on board here, this franchise has gone nowhere but the correct way and the right direction inside and out," Murphy said that night. "You look at the farm system, you look at the big league club and it's gotten better in all aspects. He's not just a Texas icon; he's a baseball icon. I think people will be proud that he's part of the ownership group of the Texas Rangers."

It was one of those rare days when events coincided in a big way for the Rangers organization. The win kept the Rangers eight games in front in the AL West and helped them get going after a rough start to the road trip on the west coast. And the group favored by most of the Rangers fans managed to outbid Cuban and Crane to win the rights to the team.

More reasons this made the top-12:

* Greenberg had worked for more than a year to own the Rangers. He was passionate about the team, had gotten to know some of the players and was clearly putting in a ton of effort to own the club. He had committed to moving down to Texas and was going to leave Ryan in charge of the baseball operations. The Ranger fan base liked him and wanted him to get the team. So Aug. 4-5 was an important time for the franchise.

* It was thought that the entire bankruptcy process would distract the Rangers. Turns out it really didn't. Players didn't discuss it much in the clubhouse and worried about the on-field stuff. Credit the team leaders and manager Ron Washington for that.

* The resolution gave the franchise some stability with two months to go in the season. It was after the trade deadline, but before the stretch drive. And while I don't think the events impacted the clubhouse, it had to impact the front office. Now, finally, they knew who the new bosses would be and the current staff that was serving under Ryan would know they were likely to stay. There was a calming effect on the entire franchise.

Do you remember where you were that night? Were you on twitter and checking the blogs for updates? Did you watch the Rangers' game in Seattle? Share your thoughts in the comment section.

BTW, here is Jim Reeves' column on the auction.

Mark Cuban toasts the Rangers' success

October, 7, 2010
10/07/10
7:19
PM CT
DALLAS -- The Rangers' playoff success brings a big smile to the face of auction loser Mark Cuban.

"It's great for everybody," Cuban said before his Mavericks' preseason game Thursday night. "Obviously, I’m like everybody else -- I hate the day-game starts. It's hard to get drunk and watch a Rangers game and then go back to work. Not impossible. Not for me, because I have a driver or I can get one if I need one.

"But I'm thrilled for them, thrilled to death. It’s going to be a lot of fun."

Cuban says he's fine with a World Series taking attention away from the start of the Mavs' regular season. And he expects the Rangers to keep rolling.

"Hell, yeah!" Cuban said. "With pitching like that? Yes, they can. Absolutely."

Cuban hasn't communicated much with the new Rangers ownership since the day of the auction, which pushed up the price Chuck Greenberg and Nolan Ryan paid tens of millions of dollars. Cuban said he exchanged e-mails with Greenberg, sharing some ideas he had with the Rangers, and hasn't talked to Ryan.

Greenberg does have an interesting piece of memorabilia commemorating that wild day in the courtroom, which happened to be on the anniversary of Ryan's famous brawl with Robin Ventura. A fan sent Greenberg a doctored photo of Ryan putting the headlock/haymaker combo on Ventura, but the nameplate on the back read "Cuban" instead of "Ventura."

The photo isn't displayed in Greenberg's office at the ballpark in Arlington, but he showed it off to a New York Times reporter who visited recently. Greenberg correctly figured Cuban would get a kick out of it.

"That's funny," Cuban said with a laugh.
Tags:

Mark Cuban

Season in review: August-September

October, 6, 2010
10/06/10
7:00
AM CT
The final two months of the Rangers regular season included some defining moments, like the ownership auction and the AL West division clinching game. Here's a look back at August and September, 2010:

Aug. 4: Michael Young’s grand slam keys an 11-6 come-from-behind win over the Mariners in Seattle. Just before Young’s homer, Rangers Baseball Express had put in what would become the winning bid in an auction for the club. The group, headed by Pittsburgh attorney Chuck Greenberg and club president Nolan Ryan, beat out Houston businessman Jim Crane and partner Mark Cuban in the race to own the club (technically, they won the auction in the wee hours of Aug. 5).

Aug. 10: Texas beats the Yankees in 10 innings as David Murphy gets a single off closer Mariano Rivera.

Aug. 12: MLB approves the sale of the team to Rangers Baseball Express.

Aug. 13: Josh Hamilton almost single-handedly leads the Rangers to a huge come-from-behind win over the Red Sox, 10-9, in 11 innings. Hamilton goes 4-for-5 with a double, a homer, a walk and a stolen base. He scored the tying run in the eighth from second base on an infield single and Nelson Cruz ended the game with a homer. The win came two days after the Yankees came back from a 6-1 deficit to hand the Rangers a tough loss at home.

Aug. 16: Nelson Cruz goes on the DL for the third time with hamstring issues.

Aug. 18: The Rangers fall, 8-6, to the Rays and are swept in Tampa Bay.

Aug. 20: After losing four straight, C.J. Wilson pitches one out short of a complete game and doesn’t give up a run to help the Rangers win 2-0 over Baltimore.

Aug. 23: Rich Harden is lifted after two outs in the seventh despite not having allowed a hit (but he had a high pitch count). The bullpen keeps the Twins hitless until Neftali Feliz gives up a one-out single to Joe Mauer in the ninth of a 4-0 Rangers win. Texas takes three of four from the Twins.

Aug. 30: Cruz returns from the disabled list as the Rangers win, 3-0, in Kansas City.

Aug. 31: Right before the deadline for players to be eligible for postseason, the Rangers trade for Jeff Francoeur, giving them an additionally right-handed bat. Cliff Lee complains of back tightness after giving up seven runs (four earned) in just 4 2/3 innings against the Royals.

Sept. 2: The club enjoys an off day in Minnesota and an Oakland loss puts them 10 games ahead in the AL West, tying the largest division lead in franchise history.

Sept. 3: Texas signs Mark Prior to a minor-league contract.

Sept. 4: The Rangers lose to the Twins, 12-4, and Josh Hamilton bruises his ribs hitting the center field wall at Target Field and is out of the lineup for an extended period of time.

Sept. 8: Behind a strong performance by Derek Holland and some timely hitting, the Rangers end a five-game losing streak by beating the Blue Jays.

Sept. 10: Texas beats the Yankees, 6-5, in 13 innings in a game that took 5 hours, 12 minutes. Nelson Cruz hits the third walkoff homer of his career. Cruz also tied the game with a homer in the eighth.

Sept. 11: The Rangers win again in walkoff fashion as Jeff Franceour is hit by a pitch from New York closer Mariano Rivera in the bottom of the ninth with the bases loaded to give the Rangers a 7-6 win in front of a sellout crowd. The game took 4 hours, 16 minutes, the second-longest nine-inning game in Rangers history.

Sept. 12: Texas completes a sweep of the Yankees behind a sensational eight-inning effort from Cliff Lee returning after missing a start with back tightness. The win coupled with an A’s loss puts the Ranges 8.5 games up in the division and drops the magic number to 12.

Sept. 22: A five-game losing streak comes to a halt with a 2-1 win in Anaheim behind a solid start by C.J. Wilson and a couple of manufactured runs for an offense that was slumping. The win coupled with an Oakland loss pushed the lead back to eight games and gave the Rangers a chance to clinch the division with a split in Oakland over the weekend.

Sept. 25: Jorge Cantu hits a go-ahead homer in the eighth inning to break a 3-3 tie and the Rangers hang on for a 4-3 victory that clinches the AL West. Neftali Feliz gets his 38th save, breaking the major-league record for saves by a rookie with 38. He jumped into Michael Young's arms and the team celebrated in Oakland.

Sept. 27: The Rangers return home and get loud cheers from fans as a 2010 AL West Division championship banner is unfurled at Rangers Ballpark in Arlington.

Sept. 29: A wacky end gives Texas an unlikely 6-5 victory. With the game tied in the bottom of the ninth and Mitch Moreland at first base, Nelson Cruz strikes out, but the wild pitch goes to the backstop. Cruz runs to first and the throw goes into left field, allowing Moreland to score from first for the win.

Chuck Greenberg won battle of Pittsburgh

August, 13, 2010
8/13/10
4:45
PM CT
ARLINGTON, Texas -- Chuck Greenberg made his first appearance Friday at Rangers Ballpark in the capacity of managing partner and CEO. He joked that he's still waking up in the middle of the night startled, fearing another challenge from a wealthy bidder for the Texas Rangers.

Of course, Greenberg, a Pittsburgh native, just went toe-to-toe with fellow Pittsburgher and billionaire Mark Cuban in last week's courtroom auction to land the Rangers franchise. Greenberg, 49, finally won out when Cuban, 52, finally decided to drop out of the bidding.

"We grew up three miles apart from each other but we didn’t know each other at all growing up," Greenberg said. "It was kind of ironic because he went to Mt. Lebanon High School and I went to Upper St. Clair High School. We were like bitter, bitter rivals."

Back in Pittsburgh, Post-Gazette columnist Bob Smizik put Greenberg's victory in its proper Pittsburgh perspective in his blog when he wrote: "Upper St. Clair (Greenberg) trumped Mt. Lebanon (Cuban)."

Said Greenberg: "That was a good moment for the Panthers."

Greenberg said he met Cuban in 1999 when Greenberg was working to put together the deal for Mario Lemieux to buy the NHL's Pittsburgh Penguins. Cuban, prior to owning the Dallas Mavericks, had investment interests, but it didn't work out.

"Then he bought the Mavericks," Greenberg said. "We bumped into each other very rarely for about 10 years after that and then we re-connected in December [2009], stayed in touch intermittently through email during the process, and ended up in a shootout."

Cuban blogs about bidding on Rangers

August, 5, 2010
8/05/10
3:30
PM CT
SEATTLE -- Mavericks owner Mark Cuban has a new blog entry up (it's a long one) about why he decided to go after the Rangers and his thoughts on the process. Cuban said he looked into the purchase for a while. Here's some of that:
This wasn’t a spur of the moment thing. More than a year ago, before the current parties were involved (or at least I was told there weren’t others involved), I was contacted by someone the team owed a lot of money to and asked if I would be interested in buying the team side by side with them. I said yes. Got information. Did some very preliminary homework and told the group I was interested. That fell through. They decided not to go forward.

Then I was contacted by the departing owner of the Rangers and asked if I would be interested in investing in the team . I said no, but to get in touch if there was the opportunity to buy the team. Not long after that, I was contacted and started the process of discussing a purchase of the team. We had a few meetings and quite a few options were discussed. Most of the options required that I also purchase and take on expenses and assets/liabilities that I believed were not core to the operation of the team and could in fact make things more difficult. I was not willing to do that.

What I was willing to do was to make a significant enough of an investment that would catch the team up on all of their debt and provide some working capital (it would require the creditors to make some adjustments, but early discussions suggested that it would not be a problem). I was willing to go forward if i got control of the team. I want to win Championships and in my mind there was hope of winning a World Series with the Rangers.

Later in the post, he talks about how things changed and the possbility of a TV network or forcing FSN to pay a high price to keep the games:
Around the 2nd week in July, I got asked by someone who was considering bidding in the auction if i wanted to partner with them. I told them that i doubted it , but I would take a look. From that first look, it appeared to me that all those obligations that I didn’t like were still in the deal. But I was soon informed that because of the bankruptcy auction, they could be removed. That got my attention.

In my opinion if those operational issues could be removed, there would be more operating cash flow for the team. That’s a good thing. In addition, as everyone told me time and again, the Rangers TV deal ran out in 4 years. Combine that with the Mavs TV deal running out just a few years later and it could either form a foundation for a new sports network, or preferably cause Fox to pay an ungodly amount of money to keep the teams on FSN. Fox had more to lose from a competitive sports network being formed, particularly in Texas, than a new network had to gain from being created. So the leverage of owning both teams was enormous.

Cuban said he contacted Greenberg about joining his group once the auction looked like it was going to happen and that Greenberg decided to stick with his current group, something Cuban said he understood. But he looked at the financials themselves and saw an opportunity, which he describes more fully in the entry.

So why couldn't Cuban go it alone? He explains:
As it turns out , I wasn’t in a position to go after this myself. Why ? Two reasons. First, despite what people think, I don’t keep hundreds of millions of dollars in a checking account. I prefer that it earn money doing things for me. It is not easy to get liquid to the point of $400mm dollars or more in just a few weeks. And in those few short weeks, its not easy to go to the banks and get a loan for a baseball team. Lots of reasons. Some I don’t like, but it’s not. Second, I didn’t have enough time to do all the due diligence my folks needed to do. You don’t read every contract and get people to run numbers and advise you on what all the implications of a bankruptcy auction are in a couple weeks. I was paying people to work round the clock. I was killing my General Counsel Robert Hart to the point of exhaustion. There wasn’t enough time.

So a meeting was set up with Jim Crane. I liked him. He had been working on the Rangers for several years. He had all the due diligence in place. His people had scoured the contracts , etc. He had smart people around him and he had his money ready to go as well. Plus he had a relationship with the existing creditors who were willing to loan us money in order to facilitate a competitive auction. Of course the creditors were very self serving. If lending us money helped us, it helped them potentially earn more money from the auction. Together we could put together a bid. As it turns out we could afford a purchase price up to about $600mm dollars. (Right where we left the bidding last night/this morning.)

And one more thing...Cuban responds about how many bonds he purchased and what the auction means to him financially.
Finally lets talk about finances. Lets talk about the bonds I own. I have been getting a bunch of emails from reporters asking how much money I made on the bonds I own. Suggesting that I bid up the price of the Rangers in order to increase the value of the $2mm i spent on bonds. To all of you I offer a lesson in economics.

It is NEVER a good idea to risk hundreds of millions of dollars on the purchase of a team AND to spend what could come to more than a $1million in professional fees in order to increase the value of the $2mm you bought in bonds. I know its something for the media to talk about. But if any of you out there think it through, I dont want you to think i was stupid enough to do something that stupid.

I'll leave it at that because this entry is already long. But it's worth your time to read the entry and get Cuban's thoughts.

Michael Young talks about auction

August, 4, 2010
8/04/10
7:10
PM CT
SEATTLE -- Rangers third baseman Michael Young, one of the creditors of the Rangers, said he isn't sure what to make of Wednesday's auction and admits he hasn't followed the progress very much.

"The most important thing is that our focus remain on the field, and we've done that this season," Young said. "This thing has taken so many different turns that it's tough to know what to focus on. At this point, I'd prefer someone bottom-line it for me and let me know what happens."

Young said he would prefer the group headed by Chuck Greenberg and Nolan Ryan end up owning the team.

"I think we've all said that we've seen Chuck and Nolan take it this far, that it would be nice if they could see it through," Young said. "But that's just a small preference. Whatever happens at this point is out of our hands as players. We just want to make sure that whoever owns our team is interested in the same things we're interested in, which is winning championships."

Young has a difficult time imagining Ryan not a part of the club.

"I haven't had an opportunity to talk to anybody about their plans for future ownership, but I would imagine everyone wants to keep Nolan around," Young said. "He brings stability to our organization, and everyone knows what he means to our community and sports in our town, so obviously I think it's very important that he stays."

Young said he doesn't know much about Mark Cuban but knows that he "does everything he can to help his basketball team win games."

"I have a respect for an owner who wants to do that," said Young, who is a Los Angeles Lakers fan, by the way.

Rangers auction moves into evening

August, 4, 2010
8/04/10
6:46
PM CT
Mark Cuban has outdone himself.

After the Nolan Ryan-Chuck Greenberg group submitted a bid $2 million more than the cash portion of the Cuban-Jim Crane bid, Cuban's attorney immediately approached the bench and submitted a bid $15 million more than the Ryan-Greenberg bid.

The court has been in recess since then and was supposed to be back in session at 6:15 p.m.

As of 6:45, proceedings have not begun.

Latest on the Rangers auction

August, 4, 2010
8/04/10
4:30
PM CT
The Mark Cuban-Jim Crane bid was deemed to be $25 million more than the Chuck Greenberg-Nolan Ryan bid.

The Greenberg-Ryan group was given an hour to come back to court after analyzing the Cuban-Crane bid and update the judge with its status.

Greenberg approached reporters moments ago and said, "If there was going to be an auction, we wanted the rules to be known. Right now they are a moving target. The bid they submitted last night was not a qualifying bid. Eighteen hours later, we still don't have one.

"We believe this is an effort to torpedo our financing. It's not that hard to submit a qualifying bid. They've dragged this out through the morning and afternoon, and we still haven't seen a bid."

At 4:27 p.m., Greenberg's attorney, Thomas Lauria, told the judge that he just got the documents and needed to talk to the debtors.

The Greenberg-Ryan group now has another hour or so to come back to the courtroom.

SPONSORED HEADLINES

103.3 FM ESPN PODCASTS

Fitzsimmons and Durrett: Jon Daniels

Rangers GM Jon Daniels joins Fitzsimmons and Durrett to tackle the tough questions after his team failed to advance to the playoffs.

Galloway & Company: Nolan Ryan

Nolan Ryan joins Galloway and Company to discuss having Nelson Cruz back in the lineup and how the Rangers are feeling heading into their wild-card play-in game against the Rays.

Fitzsimmons & Durrett: Jim Bowden

ESPN Insider and senior MLB analyst Jim Bowden joins Fitzsimmons and Durrett to discuss the wild-card race and the Rangers' chances of making the playoffs.

Fitzsimmons and Durrett: Chuck Cooperstein

Chuck Cooperstein joins Ian Fitzsimmons and Tim MacMahon to discuss why he feels Rangers pitcher Yu Darvish isn't an ace.

Galloway & Company: Elvis Andrus

Elvis Andrus joins Galloway and Company to discuss the Rangers' stretch run and the morale level in their clubhouse.

Galloway & Company: Nolan Ryan

Nolan Ryan joins Galloway and Company to discuss the latest Rangers news, including the team's struggles, Ron Washington's job security and a rumored trade with the Braves.

Fitzsimmons & Durrett: Ron Washington

Ron Washington joins Ian Fitzsimmons and Tim MacMahon to discuss the Rangers' dismal September, who's to blame for their September struggles and his status as the team's manager.

Fitzsimmons & Durrett: Fire Wash?

Fitzsimmons and Durrett discuss how some people are calling for the Rangers to fire manager Ron Washington.

TEAM LEADERS

WINS LEADER
Martin Perez
WINS ERA SO IP
3 1.86 20 29
OTHER LEADERS
BAA. Rios .333
HRP. Fielder 2
RBIA. Rios 10
RE. Andrus 11
OPSS. Choo .895
ERAY. Darvish 0.82
SOY. Darvish 23