Mark Cuban responded over the weekend to my speculation about why he’d sell part of the team to Todd Wagner. In so doing, he did some plugging and revealed how much Wagner invested:
CUBAN: Thank goodness for IceRocket.com. It allows me to keep up with the comedy on FrontBurner.
As one might expect from you Tim, paying attention is a challenge. If you want to question my finances, at least read the information you reference in the Dallas Business Journal. Ask your finance expert how much the midlevel exception is worth in its first year.
It’s refreshing to see that your journalistic skills haven’t improved a bit!
ME: First, I’m glad to see you’re doing your darndest to keep up with FrontBurner.
Second, I admitted in my post that all those figures about your finances were guesswork and speculation. It’s an interesting exercise, wondering about your cash situation. And a fair exercise to undertake, I think, when someone buys a piece of the team.
Finally, I was impressed with your comment to the News:
>>>>>”I found ways to rationalize the business side and how I would only be losing a few more dollars and that if it made the difference it was worth it. I enabled a culture where we always thought that if we had assets to trade we could fix a mistake. I was wrong.”
I meant to mention that on the blog, too (and still will, now that I think about it). Admitting you were wrong was solid. Tom Hicks could learn something from you.
CUBAN: You actually missed the point, Tim. The midlevel exception is only 5mm dollars. So you now have a reference point for the amount of investment. That was why I mentioned it to the DBJ. It’s a simple test to find out who does homework and who is lazy. Just a fun benchmark. It was right there, all you had to do was look.
So now you can write on your blog that Todd’s total investment was 5mm or less.
Now, if you want to speculate that 5mm or less is going to make a big difference, that’s fair. Have fun with it.
And those comments weren’t to the News. They were on a blog entry.
You might try using the blog search on www.icerocket.com . It’s a nice tool to track what’s being said in the blogosphere about topics you are covering.
ME: Noted. Now get off your computer and go enjoy your weekend.