Bill Hambrecht, a Wall Street businessman, is starting the UFL. According to the report, he and his partner, Tim Armstrong, a senior executive at Google, have pledged $2 million each. The Times/Play report says the league is still in the planning stages. Billionaire Boone Pickens backed out of his plan to buy a team, but Play says Mark Cuban remains committed. Plans are for the league to have its first first preseason games in August 2008 Hambrecht?s plan is to enter big cities where the NFL isn?t, according to Play. As Cuban wrote in an e-mail, ?There are quite a few good-sized non-N.F.L. cities that can support a pro team.? According to Play, the UFL has decided to put teams in Los Angeles, Las Vegas and Mexico City. (Cuban is considering taking the Las Vegas franchise.) Each owner will put up $30 million, giving him an initial half-interest in the team; the league will own the other half. Eventually each team is going to sell shares to the public, according to Play. Then the owner, the league and the fans will each own a third of every franchise.