Shanti’s Dispatches

Mark Cuban:

I’ve never lost a billion dollars.

It’s not easy to lose a billion dollars. It’s even harder for an individual to lose $1,000,000,000.00

Sure, there have been moves made by individuals that have cost more than a billion in stockmarket value, but how many can actually stand up and shout to the world that they let a BILLION DOLLARS in cash disappear into thin air?

I couldn’t name one off the top of my head that has lost cash money of 1 billion dollars or more, until today.

Congratulations Bob Goodenow, President of the NHL Players Association. You turned down 30 teams paying what would probably average out to 35mm dollars in salary per team for this year. That’s more than $ 1,000,000,000.00 in cash that would have been paid to NHL players this year.

That’s 1 Billion dollars that NHL players will never, ever, ever collect. Because of you. That puts you in rarified air. All you had to do was come off your high and mighty no salary cap horse in July rather than February.

What’s ironic is that a Billion dollars is more than NHL teams will earn collectively over the next 25 years, under any deal.

Full post over at Blog Maverick.

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