Comments on: How to Lose 1 Billion Dollars http://blogmaverick.com/2005/02/18/how-to-lose-1-billion-dollars/ the mark cuban weblog Wed, 17 Mar 2010 21:03:38 +0000 http://wordpress.com/ hourly 1 By: Scott http://blogmaverick.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7301 Scott Mon, 28 Aug 2006 11:02:22 +0000 http://blogmaverick.wordpress.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7301 Amen, Mark. Just look at Mike Modano. He would have earned about $4.5 million this year after taxes. Invested over 20 years at a conservative rate of 6%, his nest egg would be about $14.4 million dollars larger. Now, he will never get that money back. I'm glad Bob Goodenow isn't the fiduciary of my retirement account. Amen, Mark.

Just look at Mike Modano. He would have earned about $4.5 million this year after taxes. Invested over 20 years at a conservative rate of 6%, his nest egg would be about $14.4 million dollars larger.

Now, he will never get that money back.

I’m glad Bob Goodenow isn’t the fiduciary of my retirement account.

]]> By: Seth Anderson http://blogmaverick.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7302 Seth Anderson Mon, 28 Aug 2006 11:02:22 +0000 http://blogmaverick.wordpress.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7302 Even though I was born in Canada, I just don't care one fractured stick splinter about hockey. Give me an NBA game any day, thanks. So, maybe that 1 Billion in ephemeral dollars can find a home somewhere else. Or not. I just don't care. Even though I was born in Canada, I just don’t care one fractured stick splinter about hockey. Give me an NBA game any day, thanks. So, maybe that 1 Billion in ephemeral dollars can find a home somewhere else. Or not. I just don’t care.

]]> By: Luis http://blogmaverick.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7303 Luis Mon, 28 Aug 2006 11:02:22 +0000 http://blogmaverick.wordpress.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7303 Nice and so true and i'm not even a hockey fan, but why would the players leave that money on the table. What is the average NHL salary? Is there more "regular" guys then there are superstars? These regular guys be the first to cross the picket line to get a regular paycheck, even if it means playing for $500,000 a year; thats better then the 50,000 payroll then they will get anywhere else, assuming they can even get a job starting at 50k. Nice and so true and i’m not even a hockey fan, but why would the players leave that money on the table. What is the average NHL salary? Is there more “regular” guys then there are superstars? These regular guys be the first to cross the picket line to get a regular paycheck, even if it means playing for $500,000 a year; thats better then the 50,000 payroll then they will get anywhere else, assuming they can even get a job starting at 50k.

]]> By: Troy Overton http://blogmaverick.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7304 Troy Overton Mon, 28 Aug 2006 11:02:22 +0000 http://blogmaverick.wordpress.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7304 The fact is, I love hockey. Not as much as I love NBA basketball, but I'm saddened by the fact that there will not be another Stanley Cup coming to Detroit this year. It's good to see the NHL try to cap some of the ridiculous salaries that pro athletes make, but oddly, the NHL players abuse their bodies more that in any other sport I see, and they get paid less. On a side note, Mark, I watched a recent game between the Mavs and the Heat, where you went into Miami and rallied late in the game (OT) to come back for the W. I enjoyed your reaction, standing on the floor acting like you just hit the biggest Powerball jackpot in history. It's refreshing to see an owner down on the floor, in common clothes, cheering the team on. I also noticed that you shook hands with the Heat owners, we rarely see that on TV. I'll bet you're wishing you still had Nash right about now... The fact is, I love hockey. Not as much as I love NBA basketball, but I’m saddened by the fact that there will not be another Stanley Cup coming to Detroit this year. It’s good to see the NHL try to cap some of the ridiculous salaries that pro athletes make, but oddly, the NHL players abuse their bodies more that in any other sport I see, and they get paid less.

On a side note, Mark, I watched a recent game between the Mavs and the Heat, where you went into Miami and rallied late in the game (OT) to come back for the W. I enjoyed your reaction, standing on the floor acting like you just hit the biggest Powerball jackpot in history. It’s refreshing to see an owner down on the floor, in common clothes, cheering the team on. I also noticed that you shook hands with the Heat owners, we rarely see that on TV.

I’ll bet you’re wishing you still had Nash right about now…

]]> By: Kevin Stone http://blogmaverick.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7305 Kevin Stone Mon, 28 Aug 2006 11:02:22 +0000 http://blogmaverick.wordpress.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7305 I have mixed feelings about this. I'm a long time hockey fan and lament the loss of the season and worry about the long term damage to the already small fan base. At the same time salaries have spiraled ever higher without revenue increases to pay for them. Who should we blame? The players for wanting the most they can get or the owners for paying it? Both Bettman and Goodenow need to go for the good of the sport. All sports pay too much with basketball leading the way. If you cannot live on 2mil a year something is wrong. I have mixed feelings about this. I’m a long time hockey fan and lament the loss of the season and worry about the long term damage to the already small fan base.

At the same time salaries have spiraled ever higher without revenue increases to pay for them. Who should we blame? The players for wanting the most they can get or the owners for paying it? Both Bettman and Goodenow need to go for the good of the sport.

All sports pay too much with basketball leading the way. If you cannot live on 2mil a year something is wrong.

]]> By: Stephen http://blogmaverick.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7306 Stephen Mon, 28 Aug 2006 11:02:22 +0000 http://blogmaverick.wordpress.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7306 I couldn't agree more that Goodenow should take an economics or accounting class. Being from a hockey town (Buffalo), I can see the depressing effect of not having a season. Luckily for us, there is basketball. Perhaps the mavs and NBA should show market to the disgruntled hockey fans. They wont have anything to watch and may give basketball a shot. A Wake Forest Alum like me has no problem watching basketball over hockey (esp with J. Howard putting up 30pts!), but there alot of people who've never really given basketball that much attention in hockey towns that could now be won over by the NBA. By the way Mark, I know you don't have a TV show airing at present, but I liked listening to your weekly bit with Shredd & Ragan on 103.3 here in Buffalo this past fall. Hope to hear you there again soon. I couldn’t agree more that Goodenow should take an economics or accounting class. Being from a hockey town (Buffalo), I can see the depressing effect of not having a season. Luckily for us, there is basketball. Perhaps the mavs and NBA should show market to the disgruntled hockey fans. They wont have anything to watch and may give basketball a shot.
A Wake Forest Alum like me has no problem watching basketball over hockey (esp with J. Howard putting up 30pts!), but there alot of people who’ve never really given basketball that much attention in hockey towns that could now be won over by the NBA.

By the way Mark, I know you don’t have a TV show airing at present, but I liked listening to your weekly bit with Shredd & Ragan on 103.3 here in Buffalo this past fall. Hope to hear you there again soon.

]]> By: PSC http://blogmaverick.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7307 PSC Mon, 28 Aug 2006 11:02:22 +0000 http://blogmaverick.wordpress.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7307 What salary did Goodenow pull in this year? I'm willing to bet that the fees the players pay to the NHLPA didn't go away. What salary did Goodenow pull in this year? I’m willing to bet that the fees the players pay to the NHLPA didn’t go away.

]]> By: Eugene Wallingford http://blogmaverick.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7308 Eugene Wallingford Mon, 28 Aug 2006 11:02:22 +0000 http://blogmaverick.wordpress.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7308 I disagree. While the players are responsible for their share of this impasse, the owners desrve the much larger share. Their greed expanded the league beyond the available base of support, and now they want to regain economic sanity by capping salaries. The owners could simply stop offering so much for players, but they don't trust themselves to be reasonable. If the players lost a billion, how much revenue did the owners surrender by cancelling the season? I have a hard time buying thei cries about losing money when their books are closed to inspection. I disagree. While the players are responsible for their share of this impasse, the owners desrve the much larger share. Their greed expanded the league beyond the available base of support, and now they want to regain economic sanity by capping salaries. The owners could simply stop offering so much for players, but they don’t trust themselves to be reasonable.

If the players lost a billion, how much revenue did the owners surrender by cancelling the season? I have a hard time buying thei cries about losing money when their books are closed to inspection.

]]> By: Tom http://blogmaverick.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7309 Tom Mon, 28 Aug 2006 11:02:22 +0000 http://blogmaverick.wordpress.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7309 Surprisingly, Mark is an owner who sides with the owners!:) Aside from Goodenow leaving that money on the table, he should be fired for not being prepared. Bettman had all his ducks in a row from day one. Goodenow looked like a confused child at times without anwers. He never responded solidly to Bettman's claims about the NHLPA not wanting to see the NHL books and not knowing the economic relaities of the sport. That is just one example. I work in PR and have to say that Bettman out PR-ed Goodenow handily. That makes a huge difference in how this situation is being perceived and presented by the media. The main problem I have with Bettman is that he never owns up to the fact that the league is in the financial trouble it is because of him, the owners, their greed and expansion. The league needed a fix and the wounds were self-inflicted. Don't want to go too long on a blog response, but that fact is critical to the situation. Bettman blames the escalating salaries - find a mirror. In the end, if they fix the financial balance of the league and get it done right, then I guess this is for the best. Tell that to the concession workers and guy who owns a bar across the street from an NHL arena... Surprisingly, Mark is an owner who sides with the owners!:)

Aside from Goodenow leaving that money on the table, he should be fired for not being prepared. Bettman had all his ducks in a row from day one. Goodenow looked like a confused child at times without anwers. He never responded solidly to Bettman’s claims about the NHLPA not wanting to see the NHL books and not knowing the economic relaities of the sport. That is just one example. I work in PR and have to say that Bettman out PR-ed Goodenow handily. That makes a huge difference in how this situation is being perceived and presented by the media.

The main problem I have with Bettman is that he never owns up to the fact that the league is in the financial trouble it is because of him, the owners, their greed and expansion. The league needed a fix and the wounds were self-inflicted. Don’t want to go too long on a blog response, but that fact is critical to the situation. Bettman blames the escalating salaries – find a mirror. In the end, if they fix the financial balance of the league and get it done right, then I guess this is for the best. Tell that to the concession workers and guy who owns a bar across the street from an NHL arena…

]]> By: BillSaysThis http://blogmaverick.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7310 BillSaysThis Mon, 28 Aug 2006 11:02:22 +0000 http://blogmaverick.wordpress.com/2005/02/18/how-to-lose-1-billion-dollars/#comment-7310 Gee, I am so shocked that a sports franchise owner would blame players for the NHL mess! I'm almost speechless! But not quite so I'll tell you Mark, that you ought to consider your natural bias before making posts like this one. Why not come over to SportsFilter (http://www.sportsfilter.com) and respond to our discussion? Gee, I am so shocked that a sports franchise owner would blame players for the NHL mess! I’m almost speechless! But not quite so I’ll tell you Mark, that you ought to consider your natural bias before making posts like this one. Why not come over to SportsFilter (http://www.sportsfilter.com) and respond to our discussion?

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