Mark Cuban is a few steps away from officially selling his majority stake in the Dallas Mavericks to casino mogul Miriam Adelson. Cuban is reportedly selling his stake for a valuation of $3.5 billion. He has also received approval from the NBA Board of Governors. But Cuban will remain an integral part of the Dallas Mavericks franchise. Despite selling his majority stake, Cuban will be in charge of their basketball operations. That is because the Mavs’ new ownership has only one goal in mind.
The Mavs are having an incredible season so far, but they are just $3,461,696 away from a massive NBA penalty. Mark Cuban revealed Miriam Adelson and her family’s extravagant plan for the Mavericks that could get them penalized.
The Dallas Mavericks are walking on thin ice
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Luka Doncic and Co. are currently 5th in the Western Conference standings with an 18-12 record. However, their success is coming at a hefty price. For the 2023-24 season, the Mavs have a taxable salary of $161,832,304. And the 2023 threshold for luxury tax is $165,294,000. That means the Mavs are only $3,461,696 away from a massive penalty. But, Mark Cuban is not worried about the luxury tax because of what the new ownership told him. “They basically said do what you gotta do, I want to win,” Cuban said, revealing the plan of Miriam Adelson.
Mark Cuban: “They’re not basketball people, I’m not real estate people. That’s why I did it. I could’ve got more money selling to someone else, obviously I’m really excited, but it’s a great partnership.”
On luxury tax: “They basically said do what you gotta do, I want to win.” pic.twitter.com/k1OBTJduVh
— Landon Thomas (@sixfivelando) December 27, 2023
Cuban further expressed his excitement about the new partnership with the real estate tycoons. “They’re not basketball people, I’m not real estate people. That’s why I did it. I could’ve got more money selling to someone else, obviously, I’m really excited, but it’s a great partnership,” he added.
The Mavs have not lifted the Larry O’Brien trophy since 2011. And it will excite Cuban to know that he has full freedom from the new owners to build a championship team.
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Can Mark Cuban’s decision-making lead the Mavs to a title?
Mark Cuban is considered one of the best owners in the NBA by many players. That is because of his passion for basketball and compassion for his team and staff members. Cuban is also a great business mind who knows how to build a championship team. He did it with Dirk Nowitzki and Co. in 2011, where he skipped the Super Team route and decided to build a deep roster that fit well together. Cuban is trying to do the same thing this season.
He signed Kyrie Irving to a 3-year $120 million contract this summer, solidifying the superstar duo of him and Luka Doncic. Then, he put several role players around his superstars who can help them win. Cuban’s strategy has paid out so far, and it will be interesting to see what new moves he makes before the trade deadline to improve the roster.
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Do you think Cuban can mastermind the Mavs to another Larry O’Brien Trophy come June?
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