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Southwest Notes: Morant, Smart, Cuban, Rockets, More

December 19th, 2023 at 2:50pm CST by Luke Adams

With Ja Morant poised to return from his 25-game suspension on Tuesday night vs. New Orleans, the Grizzlies‘ season is on the brink, as Morant’s absence and a plethora of injuries have created what Derrick Rose referred to as a “quagmire situation,” according to Baxter Holmes and Tim MacMahon of ESPN. As Holmes and MacMahon detail, “frustration has simmered” within the organization about the direction of the season, which has opened with 19 losses in 25 games.

But Morant’s teammates were all smiles on Monday as they discussed the point guard’s impending return, per Damichael Cole of The Memphis Commercial Appeal. The club’s top two scorers this season, Desmond Bane and Jaren Jackson Jr., have faced a level of defensive attention they’re not accustomed to, and they’re looking forward to sharing the court with a player like Morant, who will be able to divert much of that attention.

“(Morant) is going to have to deal with that,” Jackson said. “He’s going to have to turn left and turn right and see three dudes so that I can do what I do. He’s an All-NBA, Hall of Fame-type player, so you’re going to have to pay attention and if you do that, we’re going to punish you.”

Although Morant hasn’t suited up for the Grizzlies since April, the club has been ramping up his workload in practice and doesn’t anticipate imposing any real limitations on his playing time in his return, Cole notes.

“He’s going to play pretty significant minutes,” head coach Taylor Jenkins said. “… I won’t anticipate going crazy with his minutes, but I don’t think it’s any kind of restriction.”

Here’s more from around the Southwest:

Grizzlies guard Marcus Smart, who hasn’t played since November 14 due to a left foot sprain, is getting very close to returning to action, Cole writes in another Commercial Appeal story. “Marcus is really close,” Jenkins said. “… Somewhere in that Indiana (Thursday) and Atlanta (Saturday) time frame, we’re hopeful that he’ll be back in the lineup then.”
Following up on the Mavericks‘ sale ahead of the Board of Governors vote, Marc Stein says on Substack that Mark Cuban will retain a 27% stake in the franchise. Stein indicates that the new owners – the Miriam Adelson/Patrick Dumont group – will therefore have a 73% controlling interest, but there have been conflicting reports on whether every single one of the minority stakeholders are being bought out.
The Rockets‘ closing lineup has been far less predictable than its starting group, according to Jonathan Feigen of The Houston Chronicle (subscription required), who examines head coach Ime Udoka‘s tendency to go with the hot hands down the stretch of games. “That’s what I believe in,” Udoka said. “I pretty much said that the day I was hired. Minutes and roles are not going to be handed out. The guys that are playing well and units that are playing well are going to get those minutes. I think everybody knows that across the board.”
William Guillory of The Athletic takes a look at the similarities between Pelicans forward Zion Williamson and Spurs big man Victor Wembanyama, two No. 1 picks who were expected to be saviors for their respective Southwest clubs as soon as they entered the NBA, exploring how they’ve dealt with those expectations.

Warriors, Knicks, Lakers Top Latest NBA Franchise Valuations

December 13th, 2023 at 2:06pm CST by Luke Adams

The Warriors remain the NBA’s most valuable team, according to Kurt Badenhausen of Sportico (subscription required), who unveiled the website’s updated NBA franchise valuations for 2023 on Wednesday.

Badenhausen projects the Warriors’ value at $8.28 billion, making them one of three teams to surpass the $7 billion mark this year. The Knicks have a projected worth of $7.43 billion, while the Lakers come in at $7.34 billion, per Sportico.

As Badenhausen details, Sportico spoke to more than 30 team executives, owners, investors, bankers, consultants, and lawyers in compiling their latest NBA franchise valuations. According to Sportico, the average value of an NBA team is up 33% from a year ago and 70% from when the site first started publishing valuations three years ago.

A combination of factors are contributing to the soaring value of NBA franchises, says Baudenhausen. Those factors include national media deals, international opportunities, scarcity (ie. only 30 teams are available), and an equal 1/30th stake in the league.

In the past, we’ve used Forbes as our primary source for NBA franchise valuations, but with Badenhausen making the move from Forbes to Sportico in recent years and the outlet establishing itself as a go-to resource for sports business news, we’re highlighting Sportico’s projections in 2023.

Of course, it’s worth noting that figures from Sportico, Forbes, or any other media outlet are just estimates and often don’t quite match up with the sale prices for franchises that change hands. But thse projections are usually in the right ballpark and remain useful for getting a sense of the league’s most and least valuable teams.

Here’s Sportico’s full list of NBA franchise valuations for 2023:

Golden State Warriors: $8.28 billion
New York Knicks: $7.43 billion
Los Angeles Lakers: $7.34 billion
Boston Celtics: $5.12 billion
Chicago Bulls: $4.83 billion
Los Angeles Clippers: $4.56 billion
Miami Heat: $4.17 billion
Philadelphia 76ers: $4.13 billion
Toronto Raptors: $4.11 billion
Houston Rockets: $4.05 billion
Dallas Mavericks: $4.03 billion
Phoenix Suns: $4 billion
Brooklyn Nets: $3.98 billion
Sacramento Kings: $3.46 billion
Denver Nuggets: $3.4 billion
Atlanta Hawks: $3.35 billion
Washington Wizards: $3.33 billion
San Antonio Spurs: $3.29 billion
Portland Trail Blazers: $3.28 billion
Indiana Pacers: $3.27 billion
Utah Jazz: $3.24 billion
Cleveland Cavaliers: $3.22 billion
Milwaukee Bucks: $3.2 billion
Orlando Magic: $3.12 billion
Detroit Pistons: $3.1 billion
Oklahoma City Thunder: $3.08 billion
Charlotte Hornets: $3 billion
Minnesota Timberwolves: $2.94 billion
Memphis Grizzlies: $2.82 billion
New Orleans Pelicans: $2.72 billion

For the most part, the most significant valuation increases (by percentage) within the last year belonged to the teams on the bottom half of this list. Besides the Bucks, whose projection rose by 32%, every franchise in the bottom 10 received at least a 50% bump from Sportico’s 2022 valuations.

The Nuggets, who cracked the top half of this list following their 2023 championship, were another big riser — their valuation increased by 60% and they moved up six spots.

It’s worth noting that the Mavericks‘ reported valuation in Mark Cuban‘s sale to the Adelson and Dumont families reportedly came in around $3.5 billion, well below Sportico’s valuation.

However, more recent reporting has suggested the final valuation will be closer to $4 billion when the transaction closes. That was also a unique situation since Cuban is retaining control of basketball operations as part of the sale agreement, despite surrendering majority control of the business. He’ll hang onto about 25% of the franchise, according to Sportico.

Southwest Notes: Williamson, Spurs, Mavs’ Sale, Morant

December 12th, 2023 at 8:05pm CST by Dana Gauruder

Following his poor performance during the in-season tournament last week, Zion Williamson received plenty of criticism in the media. He responded with a dominant performance against Minnesota on Monday, pouring in 36 points in the Pelicans’ 121-107 win.

As for the criticism, this is what Williamson had to say, as relayed by the New Orleans’ Times-Picayune’s Rod Walker: “If it comes from a great place, and a place where they want to see me do better, thank you. If it comes from anywhere else, everybody’s entitled to their own opinion. Can’t control that.”

However, there’s no guarantee he will play against the Wizards on Wednesday. Williamson suffered a left ankle sprain in the late going on Monday and is listed as questionable, Will Guillory of The Athletic tweets.

We have more from the Southwest Division:

The Spurs’ lack of a lead ball-handler was apparent once again in their 17th consecutive loss on Monday. They shot 5-for-41 from the field in the 93-82 loss to Houston and their point total was the lowest for any NBA team this season. Kelly Iko of The Athletic notes that former starting point guard Tre Jones logged just 16 minutes. “He’s definitely the floor general,” Keldon Johnson said. “He gets them (the second unit) into sets.”
While Mark Cuban is in the process of selling a majority stake in the Mavericks franchise, there’s one holdout among the minority owners. Mary Stanton informed the franchise she won’t be selling her stake at this time, according to Brad Townsend of the Dallas Morning News, who previously reported that all of the minority shareholders would be bought out. Stanton is the widow of Horace Ardinger, an original shareholder who bought a 4.13% stake in the franchise in 1980. A Board of Governors vote on the sale will be held on Dec. 20.
With the 25-game suspension of Grizzlies star Ja Morant nearing its end, he found himself testifying during the first day of an immunity hearing at Shelby County Circuit Court on Monday, Baxter Holmes of ESPN reports. Morant claimed he acted in self-defense when he punched a teenager at his home in July 2022. The incident occurred during a pickup basketball game. Morant said the teen struck him with a basketball. “I hit him first — to protect myself,” Morant said.

Southwest Notes: VanVleet, Mavs’ Sale, Pelicans, Williamson

December 11th, 2023 at 6:37pm CST by Dana Gauruder

Fred VanVleet is averaging 37.8 minutes per game, the highest mark of any NBA player besides Philadelphia’s Tyrese Maxey. VanVleet, who signed a whopping three-year, $128.5MM contract to join the Rockets this summer, doesn’t mind a heavy workload.

“I’m a gamer, man,” VanVleet told Jonathan Feigen of the Houston Chronicle. “I never want to come out of the game. I’d play 48 if they would let me.”

VanVleet feels he needs to be on the court most of the time to organize his young teammates.

“Some of the things I bring, it’s hard to replace,” VanVleet said. “With such a young team, obviously, I have to do a little bit more. It’s something I have been accustomed to, and actually, I take a lot of pride in it.”

We have more from the Southwest Division:

The Mavericks franchise is even more valuable than previously reported. With Mark Cuban selling the majority share of the franchise to Las Vegas Sands Corp., the valuation is expected to be approximately $4 billion, according to Marc Stein (Twitter link). The valuation was previously said to be in the $3.5 billion range. A Board of Governors vote on the proposed sale is reportedly scheduled to take place on Dec. 2o.
The Pelicans entered their game against Minnesota on Monday still smarting from their in-season tournament semifinal loss to the Lakers, according to Christian Clark of the New Orleans Times Picayune. They lost by 44 points in a national-televised pounding. “We addressed the game,” coach Willie Green said. “… It was a letdown. It’s not our standard. It’s not who we’ve been. We wanted to get back to practice as soon as we could.”
It’s time for Pelicans forward Zion Williamson to show what he’s truly made of, William Guillory of The Athletic opines. After an embarrassing performance against the Lakers, Williamson took hits in the media, particularly for his weight and conditioning. Williamson needs to channel that criticism constructively and learn how to deal with failure, Guillory writes.

Vote On Mavericks Sale Reportedly Set For December 20

December 11th, 2023 at 8:57am CST by Arthur Hill

A vote on the proposed sale of the Mavericks to the Adelson and Dumont families will take place next week, writes Brad Townsend of The Dallas Morning News. A source familiar with the sale informs Townsend that commissioner Adam Silver has notified the 30 members of the league’s Board of Governors that the vote will be taken at a December 20 meeting.

Townsend’s source also says there will be only two parties remaining as shareholders once the sale is finalized. The Adelsons and Dumonts will serve as majority owners, with Mark Cuban holding a “sizeable stake” as the minority owner.

That means the five current minority owners have decided to cash out, Townsend explains. That list includes two previous majority owners, Ross Perot Jr. and the family of franchise co-founder Donald Carter.

Scheduling the vote indicates that the league has already finished vetting the new ownership group, which is led by Sands Corp. majority shareholder Miriam Adelson and her son-in-law, Patrick Dumont, who is president of the Sands Corp., Townsend adds.

The new owners are expected to be approved by a comfortable margin, according to Townsend. He notes that Adelson and Dumont have an estimated worth of about $33 billion, which would rank them among the wealthiest owners in U.S. professional sports, trailing only Clippers owner Steve Ballmer and the Walton family, which owns the NFL’s Denver Broncos.

The Adelson-Dumont family will need support from at least three-fourths of the Board of Governors for the sale to be approved.

Southwest Notes: Mavs’ Sale, Pelicans, H. Jones, Spurs

December 5th, 2023 at 7:12pm CST by Dana Gauruder

Mark Cuban’s agreed-upon sale of a majority stake in the Mavericks has been in the works for quite some time, Marc Stein reports in a Substack post.

Cuban informed commissioner Adam Silver last season that he was pursuing the sale with Las Vegas Sands Corp. Cuban will retain control of the Mavericks’ basketball ops, even though he will no longer hold the majority stake if the Board of Governors approves the transaction.

The partnership hopes to build an arena and casino in Dallas if gambling is approved in the state. Cuban told Everton Bailey Jr. of the Dallas Morning News via email that the franchise would remain in Dallas, despite the incoming owners’ Las Vegas roots.

“I will say on the record the team is not moving anywhere,” Cuban wrote. “We are the DALLAS Mavs.”

We have more from the Southwest Division:

The Pelicans advanced to the in-season tournament semifinals on Monday by defeating Sacramento. ESPN’s Andrew Lopez provides details about a team meeting last month held following a five-game losing streak. Larry Nance Jr. called the meeting, which was described as productive. The players were receptive to constructive criticism. “It just felt a little that we could be better. And I thought we did a great job of addressing exactly what we needed to address and walking into the meeting with a clear direction and a path the meeting was supposed to take. And it took that,” Nance said.
Herbert Jones displayed his defensive chops against the Kings’ De’Aaron Fox on Monday, hounding the star guard into a 10-for-25 shooting performance and six turnovers. Jones, who is signed through the 2026/27 season after becoming a restricted free agent earlier this year, also supplied 23 points, Christian Clark of the New Orleans Times-Picayune notes. “Herb was everywhere,” Pelicans coach Willie Green said. “He was flying around. He was blocking shots. He was getting steals, rebounding the ball. We needed that effort across the ball. This was a big-time win.”
The addition of Victor Wembanyama hasn’t resolved the Spurs’ defensive issues. Losers of 14 straight, they’re giving up an average of 123.9 points per game and the coaching staff is emphasizing the fundamentals to the young squad. “Now we are starting from it seems like square one, as basic as it gets about where to be in help side, how to guard the ball, taking away the basket first and forcing them to kick out to tougher shots,” guard Tre Jones told Jeff McDonald of the San Antonio Express-News. “It seems like so many basic things, but some people have never been taught it.”

Mavericks Notes: Cuban, Adelson, Kidd, Doncic, Exum

December 1st, 2023 at 3:42pm CST by Tristan Tucker

Mark Cuban reportedly has no plans to exit the basketball side of business despite selling a majority stake of the Mavericks to the Adelson family. Appearing on the Brian Windhorst podcast, ESPN’s Tim MacMahon pointed out that the deal is a big win for Cuban, who gets to both cash in on the franchise and maintain some say in basketball operations.

“I don’t know exactly what the language is in the purchase agreement, but one thing I have been told, and the exact word I heard is Cuban will have basketball operations for, quote, ‘forevermore,’” MacMahon said (hat tip to RealGM). “I assume that is agreed to in writing.”

It was reported Tuesday that the Adelson family is in the process of buying a major share in the franchise. 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. Cuban bought the Mavericks for $285MM in 2000.

We have more from the Mavericks:

Miriam Adelson is one of the richest women in the world and is adding Mavericks owner to a résumé that includes casino mogul, GOP power broker and United States and Israel newspaper owner, as explored by AP’s Ken Ritter. Adelson is selling $2 billion in stock of casino company Las Vegas Sands Corp., but will still be a majority shareholder. The $3.5 billion purchase of the Mavericks would make Adelson one of just a handful of female U.S. professional sports franchise owners. According to Ritter, her net worth of $32 billion makes her the fifth-richest woman in the U.S. and the 35th-richest billionaire in the world. Adelson has spoken highly of Cuban in the past. “A good person with good values, though he is totally opposite of us in his political views,” Adelson said.
Mavericks head coach Jason Kidd took issue with the tone of questions he received from reporters following Dallas’s Tuesday game against the Rockets (Twitter link via HoopsHype). “People will read your positive s–t,” Kidd said. “You don’t always have to be negative, right? Like the world’s already negative enough. So let’s see some positive stuff on some positive people that are playing, doing their job on a nightly basis.“
Luka Doncic is missing his first game of the season for the birth of his daughter, Gabriela, who was announced to the world on Friday, according to The Dallas Morning News. Doncic is being designated as out for personal reasons for Friday’s game against the Grizzlies. Guard Dante Exum is also out for personal reasons for that matchup.

Latest On Potential Mavericks Sale

November 29th, 2023 at 7:32pm CST by Arthur Hill

Sands Corp. president and chief operating officer Patrick Dumont, son-in-law of Miriam Adelson, will be the family’s “foremost member” if their purchase of the Mavericks is approved by the NBA, Marc Stein writes in his latest Substack column.

It’s still not fully clear how much power Mark Cuban will have once he becomes a minority owner, even though it was reported Tuesday that he will continue to run the team’s basketball operations. Stein notes that it’s an unprecedented arrangement, and the Adelson family may want some say in personnel moves once they’re writing the checks.

Stein points out that Cuban has already ceded some decision-making to Nico Harrison, who was hired as general manager in 2021, and CEO Cynthia Marshall, who has been handling business matters since 2018. Even so, Stein found it shocking that Cuban opted to sell the team, considering that he sits near the bench at most games, maintains a visible role in the war room on draft nights, and remains involved in most personnel decisions.

League sources tell Stein that Cuban plans to be “a very active partner” to the Adelsons on basketball matters while letting the family deal with television revenues, real estate ventures and similar issues.

There’s more from Dallas:

The Adelson family agreed to purchase the Mavericks with an eye toward legalizing casino gambling in Texas, according to an editorial from The Dallas Morning News. Casino magnate Sheldon Adelson, who has since died, focused on Texas two years ago as the primary spot for expansion, the editorial states. Lobbying money from the Adelson family and other gambling interests has poured into the state, helping to soften any opposition. Cuban is perfect as a “primary stakeholder,” the paper adds, because he has been an advocate for building a casino in downtown Dallas.
The Adelson and Dumont families have issued a statement regarding their purchase of the Mavericks, tweets Tim MacMahon of ESPN. “Through our commitment and additional investment in the team, we look forward to partnering with Mark Cuban to build on the team’s success and legacy in Dallas and beyond,” it reads in part. “The goal is to win and to have a team that proudly represents the greater DFW (Dallas-Fort Worth) area and serves as a strong and valuable member of the local community.” The families are hoping to close the sale by the end of December.
Last year, Cuban cited the Sands Corp. as his ideal partner for a casino and resort destination, per Tim Cato of The Athletic, who notes that the Mavericks can’t leave their current home at the American Airlines Center until their lease expires in 2031.

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

November 28th, 2023 at 6:29pm CST by Dana Gauruder

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.

Cuban Says Mavs Tried To Land Tyrese Haliburton In 2020 Draft

August 30th, 2023 at 7:51pm CST by Rory Maher

Appearing on Patrick Beverley‘s podcast, Mavericks owner Mark Cuban said Dallas did everything it could to trade up for Tyrese Haliburton in the 2020 draft (Twitter video link).

ESPN’s Tim MacMahon reported last year that Dallas attempted to move up ahead of 2020’s draft in order to land Haliburton, offering the Knicks Jalen Brunson, the No. 18 overall pick (Josh Green) and the No. 31 overall pick (Tyrell Terry) for No. 8 overall that year. The Mavs were unable to find a taker, including the Knicks, who selected Obi Toppin at No. 8.

Interestingly, both Haliburton — who fell to Sacramento at No. 12 — and Toppin now play for the Pacers, while Brunson joined the Knicks in free agency last summer.

It’s noteworthy that Cuban essentially confirmed MacMahon’s report, and the fact that he specifically mentioned Haliburton by name means the Mavs could face a penalty for tampering. The NBA often hands out fines when team executives publicly express any sort of praise or fondness for a rival player.

Cuban also noted that Dallas was coached by Rick Carlisle in 2020, who rejoined the Pacers the following year after parting ways with Dallas. Indiana subsequently traded for Haliburton at the 2022 deadline — about eight months after Carlisle was hired.

An All-Star for the first time in 2022/23, Haliburton averaged 20.7 PPG, 10.4 APG, 3.4 RPG and 1.6 SPG on a stellar .490/.400/.871 shooting line in 56 games (33.6 MPG) for Indiana. The 23-year-old signed a five-year, rookie scale max extension with the Pacers this offseason, so he’s under contract until 2029 (the extension starts in ’24/25).

Haliburton and Brunson are currently competing for Team USA at the 2023 World Cup. Green is also at the World Cup playing for the Australian national team, which has clinched a spot in the 2024 Olympics. The Mavs reportedly opened rookie scale extension talks with the 22-year-old wing a couple weeks ago.