But the Tribune can sell the Cubs whenever they want. The deadline is for TRB reorganization in general. The Cubs are just a very small part of that plan. Everything that I've read claims that Tribune wouldn't sell the Cubs if they opt to recapitalize. The Cubs and WGN are arguably the most profitable assets of Tribune company. It seems odd that they would use resources to reorganize if they plan to divest themselves of the Cubs; it would be more efficient to just sell the Cubs to the highest bidder and use the profits to appease the shareholders. Or it could be more profitable to give the impression that you aren't selling the Cubs, thus, hopefully driving up the offers from potential buyers. Again, we're talking about the Cubs. The offers will be there. These are business people and they aren't going to outbid themselves. Either the news report, of the specific dollar amount, is false; Cuban is crazy; or just a bad negotiator. There is no advantage in letting your competitors know your bid amount (it is not public). Zell is not disclosing his offer. Forbes has already apprasised it's value (add to that the recent sale of the Braves and any reasonable person can assume the starting bid for the Cubs). I find it hard to believe that Cuban would say this publically. Cuban may be a businessman and a billionaire, but he's also an eccentric person who's been rumored for years to have a deep desire to buy the team, so he shouldn't be underestimated. It's hard to say what his angle is. He's most likely aware of the possibility that other owners will disapprove of a sale to him. Like it was previously said, there will be numerous bidders for the Cubs. If another group that the other owners likes bids pretty close to what he bids, he could be SOL despite being top bidder. He may be hoping that if some other potential groups see his initial offer, they'll think they have to outbid him, and ultimately decide to withdraw from contention. There's an opportunity cost that could be lost by leaving millions sitting around waiting to buy the team only to not win the club. So Cuban's got that going for him. The chances of him getting the club only improve if he can scare off other prospective buyers who more closely fit the "mold" that other owners are looking for.