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New Greenberg deal; Mark Cuban upset

It was announced in court Friday that chief restructuring officer William K. Snyder had worked out a "substantially enhanced" offer for the team from Pittsburgh attorney Chuck Greenberg and Rangers president Nolan Ryan, according to multiple reports.

The deal means that next Wednesday's auction for the team may be off, leaving potential bidders like Dallas Mavericks owner Mark Cuban and Houston businessman Jim Crane on the sidelines.

Cuban's attorney, Clifton Jessup, attacked the backroom deal, according to reports. He said that Cuban could have beaten other bidders if the auction had gone off as planned.

For more on this developing story, click here.