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: Dec 3, 2006
Posted on: September 18, 2011 9:52 am
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

NBA players deserve this, remember Latrells infamous 'I have to put food on the table' lineSurprised I guess that 15 mill in the bank couldn't do that - unreal. I do commend Cuban for this because owners are quick to discard players they no longer feel are assets and that's not cool but to act like you need millions upon millions to survive is sickening to me and it should be to youYell



Since: Feb 5, 2009
Posted on: September 18, 2011 9:49 am
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

Cuban is a tough guy to figure out.  I'm not a fan of his sideline antics during games, as many aren't.  But from what I've seen since he's been a public figure he's just a different type of guy.  He's not aloof or a rich recluse.  He acts more like a kid with a lot of money and seems genuinely interested in sharing the wealth and showing others how to achieve it.  I've seen him on that show where contestants present a business idea to celebrity investors and he consistently thinks out of the box and takes risks to make money when others won't. I've got to admire that attitude.  I bet he would be fun guy to watch a game with at a sports bar.  As for his gift to Bogues, its his money he can do with it what he wants. The loss of a parent is a tough time and obviously made Bogues reconsider his life and priorities.  Maybe Cuban respected that and decided to pay him the contract for that reason.  When you really think about it, $3.6 million isn't a lot in NBA terms.  Now I know there will be some who say NBA players get too much already. I agree to a point, but they generate a hell of a lot of money for a whole bunch of people, rich and poor alike.  Either way, Cuban had the right to honor the contract and did.  I couldn't name another owner in any professional sport that would do something like that.  And if the recent NFL and NBA collective bargaining sessions are any indications they're taking every step in the future to ensure they won't have to pay a nickel more than they can legally get away with.  So while I think professional athletes get paid, in many instances, more than their worth it's the idiot owners who agree to the contracts.  Then again it's easy to sign a contract you know is not guaranteed and will never end up paying.  Just rambling now.  Go Bears, Go Bulls.



Since: Oct 16, 2006
Posted on: September 18, 2011 9:24 am
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

Also it is not just a ghetto thing -- do you realize 72% of all lottery winners over 1M file bankruptcy within 1-5 years.  When you have that much wealth people that are not used to that kind of money, they invest in wrong things, people take advantage of them, etc....  Oh did Len Dykstra grow up in the ghetto????  It is what it is and what Mark Cuban did for Mugsy is awesome.



Since: Aug 31, 2009
Posted on: September 18, 2011 6:02 am
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

Cuban can do whatever he wants with his money. He does not need anyones permission or opinion. But you can not compare him to the other owners in this lockout because they all do not have deep pockets like cuban




Since: Sep 14, 2011
Posted on: September 18, 2011 4:27 am
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

Redwings,

You sound like an extreme hater, "(a lot of them in the NBA) grew up in the ghetto with nothing", and also pretty ignorant.  In basic economics, an entrepreneur, an employee, entertainer, etc. is gonna try to maximize his/her wealth. You sound a bit racist with your remark in that your suggesting that blacks are from the ghetto and can't manage their wealth.  Unfortunately, that is statistically inaccurate. 
;There are people of all races that live in ghettos and mismanage money though. I read alot of this message board and notice a significant racial undertone when it comes to black athletes. It seems to have escalated since President Obama took office.  I think it is unfair for some of the critism I see written due the failure that some of you folks have experienced in your lives. No, you probably will never see $5 million in your lifetime, because you may not have a marketable talent that permits that. But don't take your frustration out on someone who does.  Maybe if you spend time improving yourself and creating marketability for yourself, you would learn to appreciate the big world of capitalism and entrepreneurship that can possibilty make you rich one day. I did it, and I'm from the ghetto (lol), and that's probably what makes me happy for others who can maximize their wealth through hard work.  So don't hate, appreciate.  Peace in Northern Africa and the Middle East, and always America first




Since: May 17, 2009
Posted on: September 18, 2011 1:09 am
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

What I don't understand is how we all as fans and people even let this get to us. None of us will ever see this kinda money. Do I think thy deserve that kinda money to play a game that I do for fun, NO!! But the reality is, the fans are the ones making them the way they are, we buy tickets, watch tv, hell buy the endoresments that owners got no part of. This isn't about anything else then what they can get from the fans.  I hope we can start to see this, owners are going to get all they can, players are no better, and they all complain who gets most, when I have lost in the last 5 years, and I am sure a lot of others reading these posts have too. Shit is hard out there, if you think it bad now, try being without.

 




Since: Oct 5, 2006
Posted on: September 17, 2011 10:57 pm
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

The stance of:  these players can't make it on $5 milin 20 years or a year is stupidity.

It isn't about the players saying they aren't making enough to survive.  It is about...how do you share the money between owners and players.

Do you forget the owners gets FAR more than $5 million a year...and he gets it as long as he owns the franchise; so he doesn't have to worry about health benefits.  It isn't his career it is his business; so he has it for life.

The owners get nearly 50% of the profit (30) people and they are complaining about money....  Billions of dollars...   That is the joke.



Since: Oct 16, 2006
Posted on: September 17, 2011 10:55 pm
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

I have to admit I was not a Mark Cuban fan at all -- with his sideline antics.  But I reside in the Dallas area now and I tell you what over the past 5-7 years I have grown to really like him, the way he treats his team first and foremost, but his appearances on Entourage, Shark Tank, and some Local Media -- my hat is off to him, this is another example -- well done Mr Cuban.



Since: Jun 25, 2009
Posted on: September 17, 2011 10:33 pm
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

If you or I made $5 mil in 20 years, we wouldn't need a pension. These guys can't make it on $5 mil a year ? C'mon.

Exactly. That's why I have to laugh out loud when I hear today's players in various sports talk about pensions and health benefits.  Give me 5 million dollars ONCE and I promise you I'll never work for anybody else again, my kids will never have a boss and nobody in my family will need a pension or worry about health care.  

These clowns ( a lot of them in the NBA) grew up in the ghetto with nothing, gross 50 to 100 million dollars in their career and within a few years after they retire have less money then I do.... that's pretty insane if you ask me. 



Since: Dec 4, 2007
Posted on: September 17, 2011 8:20 pm
 

Mark Cuban gave Muggsy Bogues $3.6 million gift

Not a Cuban fan,but appreciate the consideration.Its always good to see people take care of each-other


The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com