{"id":1033735,"date":"2019-07-28T19:47:40","date_gmt":"2019-07-28T23:47:40","guid":{"rendered":"https:\/\/sports7.us\/?p=1033735"},"modified":"2020-10-29T12:13:43","modified_gmt":"2020-10-29T16:13:43","slug":"how-much-did-mark-cuban-pay-for-the-dallas-mavericks","status":"publish","type":"post","link":"https:\/\/sports7.us\/news\/how-much-did-mark-cuban-pay-for-the-dallas-mavericks\/","title":{"rendered":"How Much Did Mark Cuban Pay for the Dallas Mavericks?"},"content":{"rendered":"\n<p>Being the <a href=\"https:\/\/sports7.us\/most-hated-owners-in-sports-history\/\">owner of a sports team<\/a> is a dream that only a tiny percentage of the world's population could ever dream of, and every owner comes from a different background. Whether they inherited the team from their parents, were professional athletes themselves, or they came from the bottom to become billionaires, every owner has a story. Dallas Mavericks owner <a href=\"https:\/\/www.cheatsheet.com\/entertainment\/what-is-mark-cubans-net-worth.html\/\">Mark Cuban<\/a> has a story that stands out as an especially memorable one. <br><\/p>\n\n\n\n<p>A beneficiary of the online boom during the 1990s, Mark Cuban took over the Mavericks at the beginning of what is often referred to as the Post-Jordan era of basketball, and he hasn't looked back since.<br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Cuban's come-up and investment<\/h2>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Mark Cuban: How I Became a Billionaire\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/vrl5PFB35Ec?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Cuban has often told the tale of taking advantage of his boyish charms and selling garbage bags to his neighbors as a <a href=\"https:\/\/www.cnbc.com\/2017\/07\/24\/mark-cuban-says-doing-this-at-a-young-age-helped-him-succeed.html\">12-year-old kid<\/a>. As a young adult, he decided to start a software company called MicroSolutions that eventually sold for $6 million. For many, that would be the end of their dream of becoming rich and famous, but for Cuban, it was only a start. <br><\/p>\n\n\n\n<p>From there, Cuban moved on to online radio, where his next acquisition, Audionet (a company that later became Broadcast.com), was a pioneer in internet audio streaming. That would exponentially expand Cuban's wealth, and by the time he sold the company to Yahoo in 1999 for $5.7 billion and his remaining shares for <a href=\"https:\/\/www.investopedia.com\/articles\/personal-finance\/061515\/how-did-mark-cuban-get-rich.asp\">$1.7 billion<\/a> right before the dot-com bubble burst and cost many online investors their fortunes. With that, Mark Cuban was now one of the richest men in the world.<br><\/p>\n\n\n\n<p>That gave him the money to afford his next big investment, and he purchased the Dallas Mavericks for $285 million in 2000. <br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Mavericks under Mark Cuban<\/h2>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/sports7.us\/wp-content\/uploads\/2019\/07\/Mark-Cuban-Mavericks-2-GettyImages-1141623021.jpg?strip=all&#038;quality=89\" alt=\"Buying the Dallas Mavericks was one of the smartest business decisions Mark Cuban ever made.\" class=\"wp-image-1033731\" width=\"757\" srcset=\"https:\/\/sports7.us\/wp-content\/uploads\/2019\/07\/Mark-Cuban-Mavericks-2-GettyImages-1141623021.jpg 1024w, https:\/\/sports7.us\/wp-content\/uploads\/2019\/07\/Mark-Cuban-Mavericks-2-GettyImages-1141623021.jpg?w=300&amp;h=200 300w, https:\/\/sports7.us\/wp-content\/uploads\/2019\/07\/Mark-Cuban-Mavericks-2-GettyImages-1141623021.jpg?w=768&amp;h=512 768w, https:\/\/sports7.us\/wp-content\/uploads\/2019\/07\/Mark-Cuban-Mavericks-2-GettyImages-1141623021.jpg?w=90&amp;h=60 90w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>Buying the Dallas Mavericks was a smart business decision for Mark Cuban. | Omar Vega\/Getty Images<\/figcaption><\/figure>\n\n\n\n<p>Besides fellow Dallas team owner Jerry Jones, there is perhaps no owner who is more associated with his team than <a href=\"https:\/\/sports7.us\/nba\/mark-cuban-consulted-fbi-veteran-almost-sued-nba-over-2006-finals\/\">Mark Cuban<\/a>. The Mavericks saw an almost immediate improvement under his guidance with the rise of NBA All-Stars <a href=\"https:\/\/sports7.us\/nba\/dirk-nowitzki-best-international-nba-player\/\">Dirk Nowitzki<\/a> and Steve Nash. That was a far cry from the team that was considered to be one of the worst in basketball at the time Cuban purchased them. <br><\/p>\n\n\n\n<p>Cuban's <a href=\"https:\/\/sports7.us\/nba\/mark-cuban-says-what-he-really-thinks-what-else-is-new\/\">vocal and abrasive approach<\/a> has garnered him equal parts praise and criticism, depending on who you ask. He has a knack for getting into it with the <a href=\"https:\/\/sports7.us\/nba\/mark-cuban-consulted-fbi-veteran-almost-sued-nba-over-2006-finals\/\">NBA<\/a>, the <a href=\"https:\/\/sports7.us\/nba\/mark-cuban-furious-over-bleacher-reports-headlineporn\/\">media<\/a>, the fans, and the players, and notoriously tends to strike out when he swings for the fences on big-name free agents. <br><\/p>\n\n\n\n<p>Despite any criticisms of his style, however, he built a <a href=\"https:\/\/clutchpoints.com\/5-things-you-dont-remember-from-the-mavs-heat-2011-nba-finals\/\">championship team<\/a>. Dirk Nowitzki and the Mavericks <a href=\"https:\/\/sports7.us\/nba\/times-underdog-won-nba-championship\/\">famously brought down<\/a> the presumed champion Miami Heat after being down 2-0 in 2011. It is the only NBA Finals win in Dallas Mavericks history. <br><\/p>\n\n\n\n<p>It has not been smooth sailing for the Mavericks under Cuban, however, as the team found itself as the subject of a damning <a href=\"https:\/\/www.si.com\/nba\/2018\/02\/20\/dallas-mavericks-sexual-misconduct-investigation-mark-cuban-response\">2018 article<\/a> published in Sports Illustrated. The article exposed a history of toxic workplace culture that spanned over Cuban's entire reign, including harassment by executives and the enabling of a man who was charged with abuse. The Mavericks were punished, but have failed to <a href=\"https:\/\/www.newsweek.com\/kristaps-porzingis-rape-allegations-dallas-mavericks-new-york-knicks-1381648\">shake the stigma<\/a> that this culture has created. <br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Has the investment paid off?<\/h2>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Mark Cuban: Dallas Mavericks Were Not an Investment\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/UlCGP_aEO-o?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>In recent years, the cost to buy an NBA team increased, and the Dallas Mavericks are no exception. Despite the highs and lows of Cuban's tenure with the team, his $285 million investment seems to have paid off, as a 2019 valuation of the team showed that the team\u2019s value increased eightfold, with <a href=\"https:\/\/www.forbes.com\/teams\/dallas-mavericks\/\">Forbes reporting<\/a> that the team was worth a cool $2.25 billion, with values only going up. <br><\/p>\n\n\n\n<p>Mark Cuban shows no signs of slowing down, and with a young star in Luka Doncic and the addition of Kristaps Porzingis, the Mavericks could be in for another comeback like the one they saw when Cuban first took over. <br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>No matter what you think of Mark Cuban, his business acumen is top-notch, and that includes his purchase of the Dallas Mavericks.<\/p>\n","protected":false},"author":231,"featured_media":1033732,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[4837,91],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.9) - 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