Mark Cuban Rumors | Hoops Rumors

Southwest Notes: Mavs, Luka, Cuban, Rockets, Lopez, Murphy, Smart

January 6th, 2024 at 3:05pm CST by Luke Adams

The Mavericks are starting to get a better idea of what their optimal lineup might look like, but they haven’t gotten a chance to take a longer look at it due to ongoing injury issues, writes Tim Cato of The Athletic.

As Cato details, the Mavericks like the idea of leaning more on lineups that feature Luka Doncic, Kyrie Irving, Dante Exum, and Dereck Lively. So far this season, Dallas has an eye-popping offensive rating of 145.5 to go along with a defensive rating of 97.0 when that quartet is on the court. However, the sample size is relatively tiny — the four players have shared the floor for just 31 total minutes across four games.

All four players have dealt with moderate or minor injuries at some point this season, which has limiteed the Mavs’ ability to play them more together. Irving has been active for the past three games after missing 12 consecutive contests due to a heel contusion, but Doncic (right ankle swelling), Exum (right heel contusion), and Lively (left ankle sprain) were all unavailable for Friday’s win over Portland.

The Mavs are hopeful that Doncic’s ankle ailment is just a day-to-day issue, writes Tim MacMahon of ESPN. In the team’s initial injury report for Sunday’s matchup with Minnesota, Doncic is listed as questionable, but Lively is doubtful and Exum has already been ruled out.

Here’s more from around the Southwest:

Longtime Mavericks owner Mark Cuban, who recently sold his majority stake in the franchise, informed team employees this week that he’ll paying them bonuses that total approximately $35MM, as Tim MacMahon of ESPN relays (via Twitter).
Confirming offseason reports, Bucks center Brook Lopez said on Saturday that he seriously considered the possibility of signing with the Rockets as a free agent this past summer, per Jonathan Feigen of The Houston Chronicle (subscription required). “It was pretty close,” Lopez said. “There was a lot of mutual interest. Watching this season, they’ve obviously done some great things. I love what (head coach) Ime (Udoka) has been doing. Obviously, the group of guys they have here have done great stuff.”
After returning on Friday from a three-game absence due to left knee tendonitis, Pelicans sharpshooter Trey Murphy said his knee feels OK. However, he’ll be on a restriction of 20-to-25 minutes per game for now as the team manages some inflammation he has recently experienced in that knee, tweets Will Guillory of The Athletic. Murphy made just 1-of-9 shots in 17 minutes off the bench on Friday.
In a conversation with Marc J. Spears of Andscape, Grizzlies guard Marcus Smart spoke about his reaction to being traded last summer and how he’s adjusted to his new NBA home, as well as what it’s been like mentoring Ja Morant and his young teammates in Memphis.

Southwest Notes: Cuban, Brooks, J. Green, Pelicans

December 27th, 2023 at 11:02pm CST by Arthur Hill

Mark Cuban has clarified his role once the Mavericks‘ sale is finalized, confirming that he will continue to handle most of the team’s personnel decisions, writes Tim MacMahon of ESPN. Cuban spoke with reporters tonight after he finished a pre-game shooting session at American Airlines Arena and said he looks forward to working with the Adelson and Dumont families, who will soon have the controlling stake in the team.

“Nothing’s really changed except my bank account,” Cuban said. “I feel really good. I think it’s a great partnership. It’s what the team needed on the court and off. I’ll still be overseeing the basketball side of it, but having a partner like Patrick and Sivan (Dumont) and Miriam (Adelson) and their ability to build and to redevelop the arena and whatever comes next beyond that just puts us in a much better position to compete. That’s all. That’s what it comes down to.”

Cuban confirmed that there’s “no contractual language” in the purchase agreement that outlines his authority, but he has an understanding with the new owners about what he’ll do. He will keep a 27% stake as the Mavericks’ sole minority owner, but admitted that Patrick Dumont, who will serve as the team’s governor, will have “final say” on every decision.

Cuban expects the new owners to focus mainly on business interests, including a long-term plan to build an arena with a resort hotel and casino. He added that the new facility will be located somewhere within the city of Dallas.

There’s more from the Southwest Division:

Rockets forward Dillon Brooks sat out tonight’s game with a strained oblique he suffered Tuesday and the team doesn’t have a timetable for him to return, per Jonathan Feigen of The Houston Chronicle. Jae’Sean Tate took Brooks’ place in the starting lineup, Feigen adds, while rookies Amen Thompson and Cam Whitmore both got minutes in the first quarter.
After Tuesday’s game, Rockets coach Ime Udoka told reporters that he has “not thought about” moving guard Jalen Green to the bench, according to Michael Shapiro of The Houston Chronicle. Green has struggled in his first season under Udoka, averaging 16.7 PPG while shooting career worsts from the field (39.4%) and three-point range (31.9%). “Obviously, with [Green] playing that way, if he was playing the other way we obviously wouldn’t struggle as much offensively and have to lean on other guys as much or play other guys minutes,” Udoka said. “We’ll continue to keep him confident, continue to [help] him improve in certain areas, and he’ll take a jump eventually.”
The Pelicans announced the renewal of naming rights this week for Smoothie King Center, relays Rod Walker of NOLA.com. A statement from the team said the name will remain in place “for the foreseeable future.”

Cuban’s Control Of Mavs’ Basketball Ops Not Formalized In Sale

December 27th, 2023 at 2:13pm CST by Rory Maher

While Mark Cuban has been assured that he’ll retain control of the Mavericks‘ basketball operations department, there’s no language in the sale agreement that will guarantee he’ll keep that role in the future, league sources tell Marc Stein (Twitter link). Brad Townsend of The Dallas Morning News had heard differently from his source.

Cuban is selling his majority stake of the franchise to the Adelson and Dumont families. The transaction received unanimous approval from the NBA’s Board of Governors and is expected to be finalized later this week.

Patrick Dumont will be the new Mavericks Governor, with Cuban the alternate. Cuban will remain a significant minority shareholder (27%) of the team.

Cuban’s position as head of basketball operations may not be formalized in writing, but Stein reiterates (via Twitter) that the longtime owner is expected to stay in the role going forward. Stein points out that the parties had been working together for several months to reach an agreement.

“We look forward to working in partnership with Mark Cuban as stewards of this great franchise and bringing another NBA championship to the city of Dallas,” Dumont said in a statement. “We are committed to the long-term success of the Mavericks and delivering a world-class hospitality experience to our fans, players, employees, sponsors and partners.”

Cuban originally purchased his majority stake of the Mavs in January 2000.

Sale Of Mavericks Receives Unanimous Approval

December 27th, 2023 at 10:02am CST by Arthur Hill

Mark Cuban‘s agreement to sell his majority stake in the Mavericks to the Adelson and Dumont families has been approved by the league’s Board of Governors, tweets NBA writer Marc Stein. Sources tell Stein that the league’s 29 other owners all voted in favor of the move.

Sands Corp. Chief Operating Officer Patrick Dumont will take over as the Mavericks’ governor with a 73% stake, according to Stein (Twitter link). Cuban will retain a 27% share in the team and becomes alternate governor. The Mavericks’ valuation in the deal is likely to fall between $4 billion and $5 billion with the Sands Corp.’s promise of a new arena being included, Stein adds.

The transaction is expected to close this week, the league announced in a formal statement (Twitter link). Sale documents still have to be signed and money has to be paid to Cuban and the team’s five minority stakeholders who are being bought out in the deal, notes Brad Townsend of The Dallas Morning News.

A person familiar with the sale tells Townsend that the franchise is being valued between $3.8 billion and $3.9 billion without the arena considerations. He adds that it’s believed to be the largest pure cash transaction in the history of the league as Miriam Adelson sold $2 billion in Sands stock to help finance the deal.

Cuban was expected to retain control of basketball operations when news that he was selling broke in late November, and those provisions are being included in the sale documents, another source tells Townsend. Cuban purchased the team for $285MM in 2000.

[UPDATE: Cuban’s Control Of Mavs’ Basketball Ops Not Formalized In Sale]

With an estimated fortune of $33 billion, the Adelson and Dumont families will become the NBA’s second wealthiest owners, Townsend states, behind only the Clippers’ Steve Ballmer. Townsend adds that Cuban’s estimated worth of $6.2 billion and his high profile around the league will continue to serve as assets for the franchise.

The league office streamlined the voting process as a show of support for the new owners, Townsend tweets. A source tells him that the league recommended approval of the sale, then it passed unanimously through a BOG executive committee before today’s vote was taken.

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.”