Mark Cuban To Sell Majority Stake Of Mavs, Retain Control Of Basketball Ops

Mark Cuban is selling a majority stake of the Mavericks franchise but in an unusual arrangement, he’ll retain full control of basketball operations.

The casino tycoon Adelson family is in the process of buying a major share in the franchise, according to Marc Stein (Twitter link). Cuban is selling the majority stake to billionaire Miriam Adelson – widow of late businessman Sheldon Adelson – and the Adelson family for a valuation in the range of $3.5 billion, according to Shams Charania of The Athletic (Twitter link). Cuban bought the Mavericks for $285MM in 2000.

In an SEC filing, Sheldon Adelson’s family said it is selling $1.9 billion in Las Vegas Sands stock to buy a “majority interest in a professional sports franchise.” It also stated that a deal is in place, pending league approval, Eben-Novy Williams of Sportico tweets. The sale of the Mavs would have to be approved by the league’s Board of Governors.

Earlier this year, Mat Ishbia and his group paid $2.28 billion for a 57% stake of the Suns. That’s the equivalent of a $4 billion valuation.

Cuban and the Las Vegas Sands Corporation had already planned to form a partnership to build an arena and casino in the Dallas area if gambling is legalized in Texas, Brad Townsend of the Dallas Morning News notes.

“My goal, and we’d partner with Las Vegas Sands, is when we build a new arena it’ll be in the middle of a resort and casino,” Cuban said last year. “That’s the mission.”

Cuban, 65, is one of the most recognizable owners in any professional sport. He’s got a variety of business ventures and is the star of the TV show “Shark Tank,” though word broke on Monday that he’ll be leaving the ABC show next year.

Clippers Notes: Westbrook, Harden, Jackson, Jordan

Clippers guard Russell Westbrook got into a heated exchange with a fan at Crypto.com Arena near the end of the Clippers’ 113-104 loss to Denver on Monday night, as Ohm Youngmisuk of ESPN details. Westbrook and the fan were jawing back and forth near midcourt while the Clippers inbounded the ball and brought it up the floor (Twitter video link via Ben Golliver).

“I mean, it’s unfortunate,” Westbrook said. “Fans think they can say whatever they want. I’m not going to say [what was said] now because it’s not appropriate, but I’m just protecting myself. It’s just unfortunate fans think they can get away with saying anything and, personally, I won’t allow it. I’ve [taken] a lot of people saying anything and getting away with it, but I won’t stand for it.”

As Youngmisuk notes, Westbrook has had verbal confrontations with fans in Phoenix, Philadelphia, and Utah in recent years. The former MVP, who has spoken in the past about not wanting his name or family to be disrespected, reiterated that point following Monday’s incident.

“Now having kids and understanding how important it is, not just myself but my last name,” he said. “Understanding what Westbrook means, understanding how important that is to my dad, my grandfather, my family. It’s very important. It’s something I stand on, and the respect is a big thing that I value.

“So the moment that line gets crossed, I won’t allow [it] no more. I’ve stood for it for years, and now my son is old enough to know what’s going on, asking me, ‘Hey Dad, what does that mean? What’s that?’ Now I got to stand on it, and regardless of where I’m at, what’s going on, I’m always standing on that.”

Here’s more on the Clippers:

  • Monday’s loss was the fourth straight game in which James Harden attempted eight or fewer shots. As Andrew Greif of The Los Angeles Times observes, the star guard passed on multiple catch-and-shoot opportunities, and fans could be heard in the game’s final minutes imploring him to shoot. “Habit is a thing and I think he’s just, his rhythm has been so accustomed to off the bounce and creating space and catching rhythm off his dribble that it is different now in catch-and-shoot situations,” teammate Paul George said. “I just think the more reps he get at it, the more he sees in-game that those catch-and-shoots are available, I think more in rhythm he’ll be. But it’s an adjustment.”
  • Former Clippers Reggie Jackson and DeAndre Jordan led the way on Monday in a game the Nuggets won without Nikola Jokic, Jamal Murray, or Aaron Gordon. Jackson, who had 35 points and 13 assists on 15-of-19 shooting, said the win over his old team was “definitely one of the sweeter ones,” per Law Murray of The Athletic. Head coach Michael Malone, meanwhile, wants Jackson to treat every game as if he’s playing the Clippers. “He loves playing against the Clippers, that’s two games where he’s played really well against this team,” Malone said. “I challenged him for the rest of the year, just in his mind, no matter who we’re playing: just tell himself he’s playing the Clippers again, because he’s great against that team.”
  • In a separate story for The Athletic, published prior to Monday’s loss, Murray explores what the Clippers learned from Harden’s first 10 games with the team.
  • Helene Elliott of The Los Angeles Times argues that Monday’s loss was the Clippers’ worst of the season and that it showed the Harden experience remains very much a work in progress.

And-Ones: Howard, Harkless, 2024 Draft, Buzelis

Former NBA star Dwight Howard is exploring potential opportunities in Europe and Australia in the hopes of playing his way back to the NBA, reports Donatas Urbonas of BasketNews.com. As Urbonas explains, if Howard were to sign with a team in the EuroLeague or Australia’s National Basketball League, he’d look to include an NBA out clause in his contract.

Howard, who played in Taiwan last season, met with Golden State in September, but the Warriors opted not to sign him. The three-time Defensive Player of the Year is facing sexual assault and battery allegations and is seeking to dismiss a civil lawsuit in Georgia related to those allegations.

Here are a few more odds and ends from around the basketball world:

  • Veteran NBA forward Maurice Harkless signed a G League contract and has been acquired from the available player pool by the Rip City Remix, the Trail Blazers‘ affiliate (Twitter link). Harkless, a first-round pick in 2012, appeared in 621 NBA regular season games across 10 years, but wasn’t in the league last season. He’s just just 30 years old and will be looking to show with the Remix that he deserves a call-up.
  • In their latest dispatch on the 2024 draft class, Jonathan Givony and Jeremy Woo of ESPN.com (Insider link) identify Kentucky’s Reed Sheppard and Iowa State’s Milan Momcilovic as the most surprising NCAA freshmen so far this season and single out several prospects who have boosted their stock in November, including Arizona’s Keshad Johnson, Marquette’s Tyler Kolek, and Marquette’s Oso Ighodaro.
  • G League Ignite prospect Matas Buzelis, a contender for the No. 1 spot in the 2024 NBA draft, has yet to make his season debut in the NBAGL’s Showcase Cup due to an ankle injury. The Ignite have taken a cautious approach with Buzelis, according to Woo, who hears from a source that the 6’10” point forward is nearing a return and could play this weekend.

Injury Notes: Ball, Bouknight, Butler, Murphy, Reddish, Oubre

There’s some good news and bad news on the injury front for the Hornets. The team confirmed (via Twitter) that star guard LaMelo Ball will be unavailable on Tuesday in New York for Charlotte’s final round robin game in the in-season tournament, as he’s been ruled out due to a right ankle strain.

However, guard James Bouknight, who has spent the entire season recovering from knee surgery that he underwent last month, has been cleared to return and will be active for the first time on Tuesday. According to Rod Boone of The Charlotte Observer (Twitter link), Bouknight described himself as “excited (and) anxious,” noting that it has been quite some time since he played.

Here are a few more injury-related notes from around the NBA:

  • The Heat still have a chance to claim a spot in the quarterfinals of the in-season tournament with a win over Milwaukee tonight, but if they’re going to do it, they’ll need to do it without Jimmy Butler. He has been ruled out for Tuesday’s contest due to a sprained right ankle, per the team (Twitter link).
  • With CJ McCollum reportedly nearing a return for the Pelicans, will Trey Murphy be right behind him? Christian Clark of NOLA.com hears from multiple sources that there’s optimism Murphy could make his season debut next week. Murphy underwent surgery in September to repair a torn meniscus in his knee.
  • Cam Reddish, who has missed the Lakers‘ past three games with a groin strain, is “extremely close” to returning, head coach Darvin Ham said on Monday, according to Khobi Price of The Southern California News Group (Twitter link).
  • Sixers forward Kelly Oubre won’t play on Wednesday, but head coach Nick Nurse isn’t ruling out the possibility that Oubre could be back in action on Friday, tweets Derek Bodner of PHLY Sports. Oubre, who hasn’t played since November 10 after being struck by a vehicle, took part in contact drills in practice on Tuesday.

Warriors Notes: Thompson, Wiggins, Green

Asked on Monday about comments that Warriors head coach Steve Kerr has made about having patience with struggling stars like Klay Thompson and Andrew Wiggins, Thompson responded with “some bite,” according to Tim Kawakami of The Athletic.

“What, do you want him to bench me?” Thompson said. “Or bench Wigs?

“I mean, you can suggest it, that’s fine. But thank Steve, I guess, I don’t know. Sometimes you earn these things, like patience and time to find yourself. I think history is on our side when it comes to that stuff.”

Thompson’s 40.2% field goal percentage so far this season would be a personal career worst, as would Wiggins’ 41.7% mark. The Warriors’ five-man starting lineup that was so dominant last season hasn’t hit its stride so far this fall — Thompson, Wiggins, Stephen Curry, Draymond Green, and Kevon Looney have a minus-14.4 net rating in 87 minutes. Still, Kerr reiterated earlier in the day on Monday that he has faith in his veterans.

“Having been a player myself, I always wanted my coaches to show confidence in me through a slump,” Kerr said, per Kawakami. “So I know how much that means to a player, when a coach stands by you. And then we just won a championship a year and a half ago with Wigs and Klay playing a huge role.”

Here’s more on the Warriors:

  • Thompson’s contract negotiations – he’s on an expiring deal and is extension-eligible – are weighing on him, sources tell Kendra Andrews of ESPN. That may be one factor contributing to his slow start to the season.
  • Andrews also hears from sources that Wiggins didn’t take the time necessary during the offseason to get back into game shape for the start of the 2023/24 campaign. That lack of physical conditioning annoyed some people within the organization, one team source tells ESPN.
  • The Warriors figure to back Draymond Green, who will be returning on Tuesday from his five-game suspension, no matter what he does, a league source tells Andrews. A team source suggests to ESPN that the club lost leverage to discipline the volatile forward when it let him off relatively easy for punching Jordan Poole last fall.
  • As Andrews explains, the Warriors’ tolerance for Green’s occasional antics may run out once he’s no longer an effective player, but that won’t happen this season, as he’s still the anchor of their defense.

Monty Williams: Pistons Lacked “Fight” In 14th Straight Loss

The Pistons‘ season hit a new low point on Monday.

After winning two of their first three games, they’ve lost 14 in a row, and Monday’s defeat was a 19-point blowout at home to a Washington team that entered the night riding a nine-game losing streak of its own.

Pistons head coach Monty Williams expressed his displeasure after the game in a post-game press conference that was his “angriest and shortest” of the season, according to Omari Sankofa II of The Detroit Free Press (subscription required). Williams initially referred to it as a “very” disappointing night before launching into a more in-depth assessment.

“It’s just a level of growing up on this team, maturity, understanding what game plan discipline is,” Williams said. “All the stuff we talk about all the time. Enough talking.

“That wasn’t fight on the floor. That wasn’t Pistons basketball by any stretch of the imagination. That’s what this is. We have to have people that honor the organization and the jersey by competing at a high level every night. Not talking about execution. Just competing. That wasn’t it. And that’s on me.”

Williams told reporters prior to the game that the Pistons had a players-only meeting following their 13th consecutive loss on Friday. However, whatever was discussed in that meeting clearly didn’t translate on the court on Monday, Sankofa observes.

Big man Isaiah Stewart acknowledged after Monday’s loss that the vibe in the locker room isn’t “the best,” but stressed that no one is pointing fingers at one another.

“We’re still a family, we’re still together,” Stewart said. “We know we’re going through a test right now. Me personally, I think it’s a test. I know we will get over this hump. It looks bad, the record looks bad. It’s just stuff that we can fix ourselves. We all know that. Everybody in the locker room is frustrated because we all want to win. We’re not happy or smiling. As a whole, we’re all just trying to find … we know the answers. We know what we gotta do. We gotta go do it. That’s all.”

This was supposed to be the year that the Pistons, who haven’t won more than 23 games in a season since 2018/19, took a step forward and entered the play-in conversation, but that looks more and more like a long shot. While the team is hoping to get Bojan Bogdanovic back from a calf injury soon, it would be unrealistic to expect the veteran forward to turn things around on his own.

James L. Edwards III of The Athletic suggests that management should be worried about the losing habits Detroit is developing, noting that the lack of hope around the club right now is a sign of a rebuild heading in the wrong direction.

Edwards adds that a “shake-up of sorts” seems inevitable, given that it’s only November and the Pistons can’t throw the towel in on the season yet. It’s unclear what that sort of shake-up might look like, but it’s safe to assume it won’t involve Williams, who signed a record-setting six-year contract with the organization earlier this year.

LeBron James: Lakers Have “A Lot” To Fix

It was a historic night on Monday for Lakers star LeBron James, who became the NBA’s all-time leader in total regular season and postseason minutes, reaching 66,319 and surpassing Kareem Abdul-Jabbar (66,297). However, James also suffered the worst loss of his 21-year NBA career, as his team was on the losing end of a 44-point blowout in Philadelphia.

Asked after the game what the Lakers need to do to avoid more defeats like Monday’s, LeBron didn’t offer any specifics, but he also didn’t exactly express that the club would be fine with some minor tweaks, as Dave McMenamin of ESPN writes.

“What needs to change in order for that not to happen again?” he said. “Um, a lot.”

Responding to a follow-up question about whether there’s anything in particular the Lakers need to focus on, James replied, “No. A lot.”

The Lakers have a 10-8 record, but their advanced stats haven’t been particularly impressive — their minus-1.9 net rating ranks 21st in the NBA, and they have the league’s 25th-best offensive rating (110.5). It has been an underwhelming few weeks for a team that made the Western Conference Finals last spring and has title aspirations this season.

Injuries are partly to blame for the Lakers’ poor start, as Jarred Vanderbilt (heel), Gabe Vincent (knee), Cam Reddish (groin), and Rui Hachimura (nasal fracture) all remain unavailable. Still, Monday’s effort was a disappointing one, with Anthony Davis suggesting after the game that a film session might be necessary before Wednesday’s contest in Detroit.

“We’ve got to look at it, embrace it, own it,” Davis said. “Guys don’t take it personal for whatever’s said in the film, and then move on from it.”

According to McMenamin, former Lakers head coach Frank Vogel conducted regular film sessions, but they sometimes became “volatile” when a player interpreted an instruction as a “pointed attack rather than a teaching moment.” Davis doesn’t think that will be an issue with this group.

“You’re sitting there and watching film … it’s also in front of the entire team, the coaching staff,” Davis said. “I don’t think we have guys who probably will take it personal. But if they do, that’s probably another conversation.”

Groups, Hosts Announced For 2024 Olympic Qualifying Tournaments

The 2024 Olympic qualifying tournaments will take place in Spain, Latvia, Greece, and Puerto Rico and will be played from July 2-7, FIBA confirmed on Monday.

A total of 12 men’s basketball teams will compete at the 2024 Olympics in Paris and eight of those spots have already been claimed. Australia, Canada, France, Germany, Japan, Serbia, South Sudan, and the U.S. have punched their tickets to Paris.

Twenty-four nations will compete in four six-team tournaments this July for the right to secure one of the final four Olympic basketball berths. In addition to confirming the host cities, FIBA also completed the draw for each of those tournaments on Monday. Here are those results:

Valencia, Spain

  • Group A: Angola, Lebanon, Spain
  • Group B: Bahamas, Finland, Poland

San Juan, Puerto Rico

  • Group A: Ivory Coast, Lithuania, Mexico
  • Group B: Bahrain, Italy, Puerto Rico

Riga, Latvia

  • Group A: Georgia, Latvia, Philippines
  • Group B: Brazil, Cameroon, Montenegro

Piraeus, Greece

  • Group A: Croatia, New Zealand, Slovenia
  • Group B: Dominican Republic, Egypt, Greece

Each team will play two round robin games against the other teams in each group. At that point, the third-place teams in each group will be eliminated, while the first-place team from Group A will face the second-place team in Group B — and vice versa.

The winners of those semifinal matchups will then play one another in the final and the winner of that game will clinch a spot in the Olympics, which are scheduled to begin on July 26, 2024.

Filip Petrusev Officially Signs With Olympiacos

As expected, former Sixers and Kings big man Filip Petrusev has returned to the EuroLeague, officially signing with Olympiacos, according to a press release from the Greek club.

Petrusev’s deal with Olympiacos was reported when he was waived by Sacramento last week. As we relayed over the weekend, the Serbian agreed to a three-year contract from the team. It reportedly includes a third-year club option and NBA outs.

The 50th overall pick in the 2021 draft, Petrusev remained overseas for two seasons before signing a two-year, minimum-salary contract with the 76ers during the 2023 offseason. He received a partial guarantee (approximately $560K) and survived a preseason roster crunch, but was sent to the Clippers in the James Harden blockbuster just eight days into the regular season and then flipped to the Kings in a separate deal.

Petrusev, 23, ultimately appeared in just three games in his NBA rookie season — one for Philadelphia and two for Sacramento. As Eurohoops relays, the forward/center said this week that Kings teammate and former Olympiacos star Sasha Vezenkov helped convince him to return to Europe and join the Greek club, which will give him a chance to play more regularly.

According to Eurohoops, Petrusev isn’t ruling out the possibility of playing again in the NBA down the road, but believes it will be better for his growth to take on a key role in the EuroLeague rather than sitting on the bench in the NBA. And if he does decide to return stateside eventually, he’ll be an unrestricted free agent, rather than having a single team control his rights.

“I didn’t give up on the NBA dream because it didn’t go well this year,” Petrusev said. “I’m young, there’s time for everything. I might come back in two or three years. If I want to return to the NBA, I can go anywhere and not just to the Sixers, where it was my only choice.”

Petrusev joins an Olympiacos roster that features many former NBA players, including Isaiah Canaan, Ignas Brazdeikis, Nigel Williams-Goss, and Naz Mitrou-Long, among others. He previously played in the EuroLeague from 2021-23 as a member of Anadolu Efes and Crvena Zvezda.