For whatever reason, there is a huge pile of people who are eagerly awaiting their chance to jump on the "my favorite team' management/ownership is evil" train. It's the same group of people who when their favorite team isn't winning championships they are moaning and groaning how their team is the worst sports franchise in the history of sports franchises. It is, essentially the group who lap up the negative drivel that can be found at certain blog sites.
I sure would hate to find them squatting on this site too...
Plus, there is the fact that the literal definition of the term lowball means just what you stated above that a lowball offer is an unfair offer. I believe that it has an even deeper meaning that has connotations of base evil, but that's just me. To intentially lowball someone is to do so with malace.
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