Blog Entry

Mark Cuban gave Muggsy Bogues $3.6 million gift

Posted on: September 17, 2011 5:38 pm
Edited on: September 17, 2011 5:45 pm
 
Posted by Ben Gollivermuggsy-bogues

Three or four hundred million dollars will buy you an NBA franchise these days but that price tag only gets you the keys to the car, it doesn't include a good reputation. The fact is, most NBA owners are nameless and faceless to the players, known mostly as the guy who cuts the checks. In many cases, both the owners and players prefer it that way.

Not Dallas Mavericks owner Mark Cuban though. Cuban, a constant presence on the sideline and a man who even goes so far as to shooter jumpers on the court before games, embarked on a mission at the beginning of his ownership tenure to remake his franchise's reputation and to increase its desireability as a destination for players.

SlamOnline.com reports that one year into his ownership tenure Cuban made an extremely generous gift to former player Muggsy Bogues, a man who is best known for being the shortest player in NBA history at 5-foot-3.
“I’ve never met Mr. Mark Cuban, but I tell people that I thank him more than life itself,” Bogues, 46, said recently over the phone from his home in Charlotte. “I had three years left on my contract when my mom passed away, and I decided it was time to move on [from basketball]. I walked away from the game with three years left on my contract. He (Cuban) could have easily just have bought me out of my contract, but he went on and honored it and paid the three years out and never looked back.”

Acquired by the Dallas Mavericks via a three-way trade in the summer of 2001, Bogues—bereaved over his mother’s passing—never suited up in a single game for the Mavericks. Still, Cuban agreed to pay the 5-3 guard the complete balance of his contract. That amount came out to $3, 617, 400 over the course of the three years years remaining.
This story is even more touching when contrasted with the ongoing labor negotiations, in which owners are seeking to reduce the size and length of guaranteed contracts so they can avoid getting stuck playing extra salary after players pass their prime or are limited by injuries.

Whether Cuban decided to pay this money purely out of the goodness of his heart or because he was seeking to define who he would be as a player-friendly owner, the move was indisputably unconventional. And that's always been Cuban's genius. Doing things differently -- often better -- to carve a niche for himself and his franchise.

Of course, this move also looks a lot better now that Cuban won his franchise's first NBA title in 2011. What might have been perceived as an emotional decision or a dangerous precedent simply looks like an incredibly rare and benevolent act that helped vault Dallas, a perennial also-ran until Cuban arrived, into the conversation of best places to play. 

Hat tip: Ball Don't Lie 
Comments

Since: Jan 11, 2011
Posted on: September 30, 2011 10:23 pm
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

Wish there were more owners/people in this country like him .........Glad this story was released !!!



Since: Sep 19, 2011
Posted on: September 27, 2011 1:50 pm
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

One of the best owners in all of the sports world. Hes a fan with tons of money and just wants to win win and win...



Since: Apr 3, 2008
Posted on: September 24, 2011 8:39 am
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

Thanks for printing the story about how Mark Cuban did the right thing with Tyrone "Mugsy" Bogues.  Bogues was a great player and inspiration to all those folks not gifted with giant like height.  That's another story.

I remember when Mark Cuban became owner of the Mavericks.  From the beiginning he did things that endeared him to his players.  The first indication of him showing his respect for his players was to put plush bath towels in each player's locker.  Word started to spread about how the towels were monogrammed and play station video game units were also in the lockers of the players.  Cuban has demonstrated loyalty to those who worked for him from day one.  Is he cocky? No doubt.  Does he appear to love the spotlight?  I don't have to answer that one either. 

The bottom line is that with Bogues and I am sure countless others that have been recipients of Cubans morality he has built an organization based on mutual respect and mutual loyalty.  The entire sports industry should take note.



Since: Aug 21, 2006
Posted on: September 23, 2011 6:53 am
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

Wish they would have sold this guy the Pittsburgh Pirates. The guy is top notch, so he is an emotional fan on the sidelines who gets the best seat in the house, who cares, just more evidence he loves the game and his team.



Since: Jul 27, 2011
Posted on: September 22, 2011 7:15 pm
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

Agreed



Since: Jul 9, 2010
Posted on: September 20, 2011 8:49 am
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

I never played for Mark Cuban either, but I could use some money. I don't even want $3.6 million, I'll settle for $100,000 Mr. Cuban.



Since: Aug 14, 2006
Posted on: September 19, 2011 8:51 pm
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

I think I like this guy.




Since: Sep 4, 2011
Posted on: September 19, 2011 2:39 pm
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

I have to be honest and say that Mark Cuban is growing on me. He seemed at first, and in reality was, too overbearing, too quick with his words, very obnoxious, etc. But he has always stuck by his players. And as he has toned down his personality without changing it, I have to say I like the guy. Allowing the original owner of the Mavs to touch the trophy first, sticking with Dirk, paying Muggsy. He's a good guy, a good business, and becoming more and more mature without losing himself. Go Mark Cuban.



Since: Jan 14, 2009
Posted on: September 18, 2011 3:04 pm
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

I dont like Mark Cuban's antics on the sidelines. I do like that he takes care of his players. I was dissappointed as a Chicago Cubs fan that Cuban was not allowed to purchase the franchise because the other owners did not like him. I only wanted him to buy the team because I know that he would spend money to put a competitive lineup out there everyday. What Bogues got was a gift since he walked away, I just hope that he remembers this and uses this money wisely.




Since: Dec 28, 2008
Posted on: September 18, 2011 11:31 am
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

Ben Golliver needs to proofread his work.


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