Mark Cuban says not to worry about Mavericks finances, or Ross Perot Jr.

Leave a comment

mavericks_logo.pngYou knew Mark Cuban was not going to stay quiet.

Ross Perot Jr. (not him, but his son), a minority owner of the team, has filed a lawsuit saying Dallas Basketball Ltd., the business that runs Mavericks, is “insolvent and and/or in imminent danger of insolvency.”

Cuban responded to the Dallas Business Journal and said that’s a load of crap driven by a personal agenda. (via The Baseline)

“Mavs fans have nothing to worry about,” Cuban said in the e-mail to the DBJ. “I am responsible for funding and personally guarantee all debt, and I can tell you that financially I am doing more than fine. He essentially is suing me saying, I can’t afford to pay myself back. This is typical Perot.”

Cuban also said in his e-mail to the DBJ, “In my opinion, he thinks he is embarrassing me through the lawsuit, possibly to pressure me to buy him out. What I do know is that being in business with Ross Perot is one of the worst experiences of my business life.”

Cuban concluded: “There is no risk of insolvency. Everyone always has been and will be paid on time.”

There’s no doubt that the Mavericks have lost money (Forbes estimated $17.4 million last fiscal year, Perot’s suit says $50 million, take your pick). But Cuban is an owner willing to pay, willing to lose a little to have a team that wins.

Apparently when you’re really rich, it’s expensive to have enemies.

Report: Some Hawks executives doubt Danny Ferry’s contrition

Danny Ferry, Mike Budenholzer
Leave a comment

Since his racist comments about Luol Deng, Danny Ferry has mostly avoided the public eye.

He apologized through a couple statements released around the beginning of his leave of absence. He met with black community leaders. He claimed “full responsibility.”

A cadre of NBA people vouched for him. A law firm the Hawks hired to investigate themselves essentially cleared of him of being motivated by racial bias.

But there’s another side.

Kevin Arnovitz and Brian Windhorst of ESPN:

Ferry’s efforts at contrition sometimes fell short to some inside the organization. Several Hawks executives were at times put off by Ferry’s behavior during a compulsory two-day sensitive training session, especially since they considered his actions triggered the assembly in the first place. He came across as inattentive and dismissive of the exercise, some said, and fiddled with his phone quite a bit. Ferry contends he was taking notes on the meeting.

“It was awkward for everyone because I had not seen or been around Hawks employees for three months,” Ferry told ESPN this summer about the sensitivity training. “I took the seminar seriously, participated in the role-play exercises and certainly learned from the two-day session.”

the Hawks satisfied Ferry on June 22 by releasing both the written Taylor report and a flowery press release in which Hawks CEO Koonin was quoted saying, among other things, that “Danny Ferry is not a racist.” Some Hawks executives grumbled that the team overreached in exonerating Ferry, but doing so — not to mention paying Ferry significantly more than the $9 million he was owed on his “golden ticket” deal — was the cost of moving on.

I don’t know whether Ferry has shown the proper level of contrition, whether he was playing on his phone or taking notes.

But I know what he said:

“He’s a good guy overall, but he’s got some African in him, and I don’t say that in a bad way other than he’s a guy that may be making side deals behind you, if that makes sense. He has a storefront out front that’s beautiful and great, but he may be selling some counterfeit stuff behind you.”

He was not reading directly from a scouting report. He did not stop when his paraphrasing repeated a racist trope.

That’s a problem.

I don’t think Ferry intended to say something racist – but he did.

It’s a fixable issue, though. Through introspection and a desire to change, he can learn from this mistake. Maybe he already has.

That some around him don’t think he took that process seriously is worth noting. They might be off base, and Ferry obviously disagrees with their perception. But this is a two-sided story despite the common narrative focusing on Ferry’s redemption.

It’ll be up to any potential future employers to sort through the discrepancies.

Gilbert Arenas: Caron Butler’s version of gun incident ‘false’

arenas wizards
Leave a comment

Caron Butler recently detailed the Gilbert Arenas-Javaris Crittenton gun incident.

In a since-deleted – but screenshot-captured – Instagram post, Arenas gives his description:

The biggest differences between Butler’s and Arenas’ versions:

1. Arenas claims he wasn’t the one who owed Crittenton money, that the feud escalated over Arenas prematurely showing his hand during a card game.

2. Arenas says he told Crittenton to pick a gun to shoot Arenas with – not to pick a gun he’d get shot by Arenas with.