Tag:Mark Cuban
Posted on: October 1, 2011 5:32 pm
Edited on: October 1, 2011 5:39 pm

Mark Cuban defends billionaires on Colbert Report

Posted by Ben Gollivermark-cuban

As the NBA lockout enters its fourth month, fan resentment towards millionaire players and billionaire owners unable to get a deal done continues to increase. Miami Heat All-Star guard Dwyane Wade set off a firestorm this week, for example, when he said that elite players would be worth far more than they are currently paid if there was no salary cap.

Lost in that fray was one voice who was ready, willing and able to stick up for the billionaire owners. That voice belonged to Mark Cuban, the billionaire owner of the 2011 NBA champion Dallas Mavericks.

Cuban joined Stephen Colbert on Comedy Central's Colbert Report to defend his fellow billionaires, noting that he is "proud" to call himself a billionaire.

"We're kind, we're caring," Cuban explained. "We're the type of person that you want your daughter or son to marry. We're just down to earth people. Look at me. I'm nice."

One problem with being so rich and so nice, apparently, is that it makes you a target for gold diggers. Cuban, who has a net worth of $2.3 billion according to Forbes.com, admitted that he regularly fends off requests for donations from politicians.

"All the time. I get phone calls, emails, letter, FedEx, UPS, everything ... They see those big stacks of money all the time. I haven't given to a political campaign or politician in years." 

But no amount of political begging or labor negotiating can mar the thrill of winning an NBA title for the first time.

"After 12 years now, we finally won, and it feels great," Cuban said, smiling widely. "They told me year after year, 'you're an idiot,' and here we are, champs."

Here's video of the interview via ColbertNation.com.

The Colbert Report

Posted on: September 30, 2011 1:53 am

Michael Jordan, rapper Drake star in NBA 2K12 ad

Posted by Ben Golliver

The following commercial for the video game NBA 2K12 isn't exactly basketball discourse at its finest, but it's guaranteed to get people talking. The premise: Chicago Bulls legend Michael Jordan, the rapper Drake, and fans of the Portland Trail Blazers, Boston Celtics, Los Angeles Lakers and New York Knicks debate which NBA team was the greatest of all time.  

"Today's Miami Heat plays above the rim," Drake argues. "Larry Bird couldn't even reach the rim."

Later, he elaborates: "South Beach is king."

Cut to a shot of Dallas Mavericks owner Mark Cuban clutching his Larry O'Brien trophy and the pay off line, delivered by Jordan: "I let my ring do my talking."

In case you were wondering, Jordan names the 1996 Bulls as the greatest team ever. That year, the Bulls went 72-10 in the regular season, setting an NBA record for wins, and 15-3 in the postseason, defeating the Seattle SuperSonics in six games to win the title. Jordan averaged 30.4 points, 6.6 rebounds, 4.3 assists, 2.2 steals and shot 49.5% from the field on his way to his fourth ring.

Here's the video courtesy of YouTube user FreshpointsTV.

Hat tip: IAmAGM.com.
Posted on: September 22, 2011 4:58 pm
Edited on: September 22, 2011 5:01 pm

NBA owners make Forbes 400 richest Americans list

Posted by Ben Gollivernba-lockout

When the ongoing NBA lockout is framed as a battle between billionaire owners and millionaire players, it's often not an exaggeration.

Forbes.com released its annual list of the 400 wealthiest Americans this week, and more than a dozen NBA owners and minority owners appeared on the list, among the new school technology geniuses and old money investment titans.

The NBA's richest individual owner, according to Forbes, is Portland Trail Blazers owner Paul Allen, who co-founded Microsoft with Bill Gates, the overall richest No. 1 ranked person on the list. Allen's net worth is reported as $13.2 billion and he ranks No. 23 overall on the list. He recently decided to sell one of his private islands.

Somewhat incredibly, Allen is more than twice as rich as the next individual NBA team majority owner. In second place is Amway co-founder Richard DeVos, owner of the Orlando Magic, who is ranked No. 60 with a net worth pegged at $5 billion. 

Rounding out the top five richest individual NBA owners are Miami Heat owner Micky Arison (No. 75, $4.2 billion, Carnival Cruises), Denver Nuggets owner Stan Kroenke (No. 107, $3.2 billion, Walmart) and new Detroit Pistons owner Tom Gores (No. 159, $2.5 billion private equity). The Nuggets are operated by Kroenke's son, Josh.

The other seven NBA majority owners on the list are: Dallas Mavericks owner Mark Cuban (No. 171, $2.3 billion), Minnesota Timberwolves owner Glen Taylor (No. 242, $1.8 billion), Indiana Pacers owner Herb Simon (No. 273, $1.6 billion), Cleveland Cavaliers owner Dan Gilbert (No. 293, $1.5 billion), Memphis Grizzlies owner Michael Heisley (No. 293, $1.5 billion) Los Angeles Clippers owner Donald Sterling (No. 293, $1.5 billion) and new Philadelphia 76ers owner Joshua Harris (No. 309, $1.45 billion).

Los Angeles Lakers minority owner Dr. Patrick Soon-Shiong, who recently purchased the ownership stake previously held by Lakers legend Magic Johnson, ranked No. 39 with a net worth of $7 billion. 

Hat tip: IAmAGM.com.
Posted on: September 17, 2011 5:38 pm
Edited on: September 17, 2011 5:45 pm

Mark Cuban gave Muggsy Bogues $3.6 million gift

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 
Posted on: September 5, 2011 1:33 pm
Edited on: September 5, 2011 1:44 pm

Mark Cuban thinks the Big 12 should stay together

Posted by Royce Young

Conference realignment is all the rage. So much so that Mark Cuban has decided to toss in his two cents to the conversation. And when Cuban talks, it's always worth listening. He's an idea man and typically knows what he speaks of.

Here's his take: Keep the Big 12 together. I'll let him explain.
They should stay.

Why? The first reason is that the Super Conferences that are forming or being considered will turn into a huge mistake. No if ands or buts about it. While the concept of a Super Conference sounds incredibly cool , the reality is that the larger than 12 school conferences will only invoke the law of intended consequences and will create the following problems:

1. More schools will NOT mean more TV money.

The big college TV networks, Fox, ESPN, CBS pay for quality, not quantity.  They need marquee matchups that are “Must Tweet TV”.  The number of schools in a conference actually reduce the parity and quality of match-ups in a conference. The networks will not pay up for that.  Adding Texas A&M to the SEC is not going to add a single dollar’s worth of value to the owner of the SEC TV contract , regardless of sport.  Maybe the SEC has an escalator in their contract that increases the total value of the TV contract, but I’m guessing that it still will result in a reduction in the dollars paid to each school when compared to the amount paid had an additional school not joined the conference.

Cuban also lists the impact it would have on geographic rivalries, cupcake games will become obsolete and of course, there's more pie to split up among teams.

I live in Oklahoma. I graduated from the University of Oklahoma. So all this confernece realignment stuff is near and dear to me. That said, I'm an NBA blogger, so I'll leave all the smart opinions on this to our outstanding team of college football writers.

That said, Cuban's point missing the mark because he's too focused on one thing: money. Understandable, because Cuban's a businessman and that's what he operates on. But if the Big 12 is a nine-team league, it's to the point of being watered down where it's borderline irrelevant. I mean, the Big 12 would be a glorified Big East. And if you're adding teams -- BYU, Houston, Air Force, TCU -- does anyone really replace what was lost? TCU is a nice program, but that's not Nebraska. BYU has a great alumni base, but it's not Texas A&M. Heck, Houston's not Colorado, and that's not saying a whole lot.

And a 16-team conference won't affect the OU-Texas rivalry one bit. Here's something most people don't realize: The Red River game spent about 90 as a non-conference game for the schools. And it had plenty of cache regionally and nationally. Putting OU and Texas together in a Pac-16 East division just means the same thing that rivalry has had in the Big 12 South -- the winner's got the upper-hand in the division.

I appreciate Cuban's take on it because he's a smart guy. But remaining in a baby conference where OU and Texas play the role of the Red Sox and Yankees just isn't quite as interesting as a super Pac-16. It's not always about the money. Not that Cuban should or would ever get that.
Posted on: July 14, 2011 2:30 pm
Edited on: July 25, 2011 1:40 pm

NBA warns Michael Jordan not to golf with players

Charlotte Bobcats owner Michael Jordan would reportedly face a $1 million fine for golfing with NBA players. Posted by Ben Golliver.


Losing seven figures on a golf course. Just another weekend for NBA legend and notorious gambler Michael Jordan, right? 

Not quite. This million dollar hit comes with a twist: the NBA would be pocketing the cash.

The Reno Gazette-Journal reports that Jordan, owner of the Charlotte Bobcats, is scheduled to play in the American Century Classic celebrity golf tournament. The only problem? So are a handful of NBA players, and the league has made it clear that team executives are not to have any contact with players during the ongoing lockout unless they're willing to stomach a $1 million fine. 
Jordan, who became the first former player to own an NBA team when he purchased the Charlotte Bobcats outright last year, faces a fine of $1 million if he plays a round of golf at the ACC with a current NBA player.

Jordan called the NBA on Tuesday to check in, and the NBA confirmed he would be fined if he played with a current NBA player.
The tournament's website notes that Boston Celtics guard Ray Allen, Sacramento Kings guard Jimmer Fredette, Dallas Mavericks guard Jason Kidd and New Jersey Nets guard Deron Williams are all scheduled to participate.

Again, the rule comes off a bit silly and petty, but it's the rule. A round of golf would represent hours of contact and there is sure to be plenty of media in attendance. Two guys yucking it up as they putt out doesn't quite jive with the league's public blackout policy towards its player institute on July 1. 

This warning to Jordan is the latest in a string of potentially fineable situations involving team employees and current players.

Earlier this week, we noted a report that Portland Trail Blazers Acting GM Chad Buchanan was warned for comments made about Las Vegas Summer League. Also this week, Minnesota Timberwolves president David Kahn called a press conference to fire coach Kurt Rambis and mentioned multiple players during the question-and-answer session with media members. And, on Wednesday night, Dallas Mavericks owner Mark Cuban attended the ESPYs with his team, although the league clarified that the contact had been pre-approved on the condition that no league business or CBA discussion would take place.

Since the lockout began on July 1, the NBA has yet to publicly issue a fine to a team executive who violates its gag order policy. 

Hat tip: Ball Don't Lie
Posted on: July 13, 2011 11:48 pm
Edited on: July 14, 2011 12:16 pm

Video: Cuban hanging with Mavs players

Posted by Royce Young

UPDATE: Via NBA PR, the league cleared Cuban's appearance and interaction with the Mavericks at the ESPYs prior to the event on the condition no business or CBA talking went on. So there won't be a fine.

The NBA has been very straightforward about its "no contact" policy regarding the lockout. Not only did it scrub NBA.com of the existence of players, but there's been an imposed gag order on owners, coaches and front office personnel regarding contact with players.

It's evidently so serious that acting Portland general manager Chad Buchanan nearly got fined $1 million for just answering "Yeah" to a question about Summer League.

So when Mark Cuban started hugging, fiving and chatting it up with his Maverick players at the ESPYs, naturally you'd have to assume the league might be sending Cuban a bill soon.

"You do have the checks so you can pay the fine," joked Jason Kidd. "It's just a million dollars." I couldn't tell if he was joking or not with that last part though.

Being fined isn't anything new for Cuban, though, who is easily the most tagged owner in league history. He's been fined in the double-digit millions, so adding on another seven-digit fine probably isn't too much for him to blink at. Especially when it came because his team was accepting yet another trophy.

I'm sure he'll pay this one with a smile. That is, if the league does indeed hand him one.
Posted on: July 13, 2011 3:30 pm
Edited on: July 13, 2011 3:53 pm

Dwyane Wade: NBA Finals loss still 'stings'

Miami Heat All-Star guard Dwyane Wade says his team's NBA Finals loss still "stings." Posted by Ben Golliver.

The thrill of victory. The agony of defeat.

On Tuesday, we listened intently as Dallas Mavericks owner Mark Cuban recounted the final moments of his team's 2011 NBA title victory over the Miami Heat.

Now, we get to revel in Miami Heat All-Star guard Dwyane Wade's pain thanks to the Sun-Sentinel.
"The sting is always going to be there when you lose," he said. "Obviously, it was my first time ever losing the Finals. The sting is there, no question about it. I joke with the kids. I said, 'All right, I'm going to make jokes about it. You guys are not going to ask me the question.' Because the first thing, when they ask questions, they want to know stuff. I make sure I shed some light on it in a sense-of-humor type of way, but the sting is there.
Wade went so far as to say he has avoided sports television so that he doesn't accidentally stumble upon basketball.
"I haven't watched ESPN in a long time," Wade said Wednesday morning, amid his youth basketball camp at Nova Southeastern University. "Sorry ESPN. I love the network and all. It's still hard to watch basketball. I'm used to basketball coming on any time, I'll have it tuned in."
For those who rolled their eyes when the Heat held their preseason parade and wanted to vomit when Wade and LeBron James mocked Mavericks forward Dirk Nowitzki, Wade's description of his uncomfortable offseason is music to the ears.

For those expecting even more from the Big 3 in Miami in Year 2, these are welcome quotes too. Wade is already one of the most driven athletes in the league, but pain, properly channeled, can serve as excellent motivation.

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