He may be $150 million in the hole since buying Mavs, but it's money well spent for Mark Cuban
MIAMI — No one should be surprised that another Mark Cuban investment has paid off in full.
The Mavericks owner, a self-made billionaire, has a way of closing deals and strutting away with an I-just-stole-your-lunch-money smile. That was just the look he had Sunday night after watching his team fulfill his dream of winning the NBA championship.
Five years after blowing a 2-0 lead in the NBA Finals against the Miami Heat, the Mavericks finished their business this time. They closed out the team everyone outside of South Beach grew to despise with a 105-95 Game 6 victory over the Heat at American Airlines Arena.
The outspoken Cuban somehow kept himself from speaking publicly about his team for two months. He couldn’t maintain his silence any longer. Like an overinflated balloon about to pop, Cuban spewed and spewed.
“Did anybody inform you guys? We’re the world champions!” Cuban said, laughing and reeking of champagne and beer in his postgame news conference. “Everything I imagined it could be, it’s surpassed that. It’s special on so many levels.”
Cuban was up most of the night celebrating. Around 5 a.m., he tweeted, “This will sound weird. I’m laying in bed. With the trophy next me. #dreamcometrue”
After boarding the team plane just before 9 a.m. Monday, Cuban tweeted a photo of himself with a cigar in his mouth while sitting next to the trophy.
The championship journey took Cuban 11 years, three head coaches and one determined German named Dirk Nowitzki to finally, in the franchise’s 31st season, make it happen.
Love him or hate him, Cuban did it his way. The 52-year-old kid at heart made the Mavericks relevant again with his big bankroll and even bigger zest for winning after purchasing the team from Ross Perot Jr. on Jan. 4, 2000, for $285 million.
The Mavericks won only 40 percent of their regular-season games in the 20 seasons before Cuban purchased the franchise. The first 10 seasons of the Cuban era saw the Mavericks win 69 percent of their regular-season games. They’ve won at least 50 games in the regular season and reached the playoffs all 11 seasons of Cuban’s tenure.
The success energized the fan base. The Mavericks have sold out 399 consecutive regular-season home games, the longest streak in the NBA, and 58 straight playoff games.
After the final buzzer, Cuban didn’t forget about what the lifelong Mavericks fans have been through, paying respects to original Mavericks owner Donald Carter by having him accept the championship trophy from NBA commissioner David Stern. Carter said he was honored by the gesture.
“This is like getting married all over again,” Carter said from the locker room. “Mark has been that kind of class person from the beginning, from the time I met him and I called my wife and said, ‘I found someone who loves the game more than you do.’”
Unlike some of Cuban’s deals, his vested interest in the Mavericks has never been about making money. All told, he’s reportedly at least $150 million in the hole since purchasing the team.
And that’s just fine with Cuban now that the Mavericks have cashed in with their first NBA championship.
The Dallas Mavericks only returned home Monday morning after vanquishing the Miami Heat in the 2011 NBA Finals. However the city of Dallas was already reaping the financial windfall of their efforts in the form of championship merchandise.
Many other stores were running low on product by day’s end as well.
On the flip side, normally a city would now be preparing to cough up some dough for the championship parade. Dallas did just that in 1999 when the Stars won the Stanley Cup. Costs ran around the $297,000 mark.
However, with Mark Cuban picking up the tab for the parade, the city has breathe a sigh of relief. Already stretched thin by a budget shortfall, Dallas couldn’t have been trilled by the prospect.
Now they can just worry about selling commemorative t-shirts.