Mark Cuban's Purchase Price for the Mavericks
Mark Cuban paid approximately $285 million to buy the Dallas Mavericks in 2000. The deal was finalized in January 2000, when Cuban acquired the team from Ross Perot Jr. This purchase price made the Mavericks one of the most expensive NBA franchises at the time.
Background of the Dallas Mavericks Sale
Before Cuban's purchase, the Mavericks were owned by Ross Perot Jr., who had controlled the team since its founding. Cuban, a technology entrepreneur, bought the franchise through his company, AXS TV, then known as HDNet. The sale included the team, its arena operations, and related business assets.
Cuban's Ownership Impact and Team Value Growth
Under Cuban's ownership, the Mavericks won their first NBA championship in 2011. The franchise's value has grown significantly, with Forbes estimating it at over $3.5 billion in recent years. Cuban sold the team in 2023 to a group led by Miriam Adelson and Patrick Dumont.
