So Nick Preservati, who is successful in his own right, has access to the kind of money necessary to run a viable campaign. I'm told he has a deep interest in politics, but sources say now he has decided NOT to run.
Preservati and his wife are adopting a child and, sources say, they have decided that it was not the right time to get into politics.
Who could blame him?
Looming is one of the state's most formidable political figures - Republican Shelley Moore Capito. The seven-term congresswoman from Charleston has already announced her plans to run.
Her presence in the race, and her political success, have even some Democratic players warning would-be candidates of how big a hill 2014 would present.
Can Capito be defeated? Yes, and for a variety of reasons:
She has a record to defend. There are still more Democrats than Republicans here (52 percent registered Democrat, 29 percent registered Republican, and 19 percent Independent or other.
Furthermore, the national Democratic Party is going to fight like mad to keep from losing the seat.
But the likelihood of that happening still depends on the Democrats recruiting a candidate with winning characteristics - including, but not limited to, a fire in the belly, the ability to connect with voters, a clean record and some personal wealth.
Baxter is out. So is Preservati.
And now the Democrats have to return to the recruitment pool, which will be a wade in the shallows.
The 2014 U.S. Senate race in West Virginia would be among the highest-profile races in the country if the right Democrat got in.
If not, the race will be over when the filing deadline expires in January.
Kercheval is host of TalkLine, broadcast by the MetroNews Statewide Radio Network from 10 a.m. to noon Monday through Friday. The show can be heard locally on WCHS 580 AM.