Connect with us


Mark Cuban is selling majority stake in Mavericks as Miriam Adelson is set to buy franchise



Mark Cuban first became the majority owner of the Mavericks in the year 2000, and quickly became well-known for being a very active, hands-on leader, quickly becoming a personality in the NBA. Now reports are flooding the internet revealing how the 65-year-old is ready to sell his stakes to Miriam Adelson for an estimated $3.5 billion, and will keep some shares in the team to retain control of basketball operations. 

According to Forbes’ recent financial analysis, the Dallas organization ranked seventh in the most valuable NBA franchises at an estimated $4.5 billion. However, “the unique structure of the agreement figures to hold far greater appeal to Cuban than making a deal at a higher franchise valuation,” wrote insider Marc Stein.

“It is poised to allow him — for the foreseeable future — to function with the same hands-on ownership style he has employed for nearly 24 years,” he reported.

While Cuban is yet to release any official statements, he had mentioned his interest in partnering with Adelson’s “Las Vegas Sands” and build a new stadium for the Mavericks.

“My goal, and we’d partner with Las Vegas Sands, is when we build a new arena, it’ll be in the middle of a resort and casino,” the billionaire businessman said during an interview with The Dallas Morning News in 2022. “That’s the mission.”

Forbes recently listed Miriam as the fifth-richest woman in the world, as she’s the largest shareholder of the Sands Las Vegas billion-dollar casino and resort company. She’s the widow of the project’s founder Sheldon Adelson, who unfortunately died in January 2021.

In a recent company announcement this week, she revealed that she’s selling $2 billion worth of the business’ stock in Las Vegas Sands corp., to help fund the “purchase of a majority interest in a professional sports franchise pursuant to a binding purchase agreement, subject to customary league approvals.”

Cuban is also leaving “Shark Tank” after its 16th season and explained the reasons behind this decision

It seems as if many changes are looming for the famous billionaire, as he also offered an explanation recently over the reasons why he’s leaving “Shark Tank” after so many years. Mark expressed that his kids are getting older and are soon to leave the nest, as he naturally wants to spend more time with them.

“I have three kids, 14, 17, and 20,” Cuban shared. “They are getting close to that age when they will be on their own. I want to try to have my summers to spend family time with them before they want to talk to me even less than they do today.”

“I just want to have a couple summers with my teens before they go off on their own,” he added. “Nothing to do with the show. I love it. I love being on it. I love what [it] represents and how it motivates entrepreneurs around the world.”

Cuban revealed that his favorite pick to replace him is Emma Grede, as she’s the co-founder of Kim Kardashian’s SKIMS and Khloe Kardashian’s Good American brands. She also became the first black woman investor on the show when she served as a recurring shark since November 2021.

Source link


Andre Drummond records 9th NBA career game with 25+ rebounds




Chicago Bulls center Andre Drummond notched his ninth career game with at least 25 rebounds, the most by an NBA player since 2000, during Wednesday night’s 132-123 double-overtime win over the Cleveland Cavaliers.

The two-time All-Star ended his performance with 17 points, a season-high 26 rebounds, one assist, and three blocks in 36 minutes as a starter. He finished 8-of-12 (66.7%) shooting from the field.

Dwight Howard registered eight such games across his 18-year career. Five other players each posted three such games — Ben Wallace (2000-07), Tim Duncan (2002-10), Tyson Chandler (2012-16), DeAndre Jordan (2014-17), and Rudy Gobert (2016-21).

Moreover, DeMar DeRozan closed out his outing with a game-high 35 points, 10 rebounds, and five assists against Cleveland. Nikola Vucevic added 24 points and 13 boards. The Bulls set an NBA high in rebounds this season with 74.

“It just speaks to this team, we continue to fight,” Drummond said. “We gave a good fight. Yesterday, we let our guard down a little bit. We knew what we did wrong. Tonight, we played a team that was very high in the standings and came out ready to play.”

Chicago Bulls center Andre Drummond grabbed a season-high 25 rebounds against Atlanta Hawks

Through 59 games (10 starts) this season, the 12-year veteran is averaging 8.5 points, 8.9 rebounds, 1.0 steal, and 17.2 minutes per game while shooting 56% from the floor and 57.4% at the foul line.

Drummond, 30, is averaging a total rebound percentage of 29%, just second to last season (29.6%).

In Chicago’s 118-113 victory against the Atlanta Hawks on Dec. 26, the 6-foot-11 center posted a season-high 24 points, 25 boards, one assist, three steals, and two blocks in 38 minutes of action.

Bulls coach Billy Donovan praised the UConn product during an interview in January.

“I also think for him, the things that he does do are valuable on any team,” Donovan told Joe Cowley of the Chicago Sun-Times. “If he can really rim protect, if he can rebound, and then be an elite roller to the basket, there is a place in the game for him. He doesn’t need to be a stretch-five.”

Furthermore, Drummond has led the league in total rebounds four times (2016, 2018-20) in his career. In his 12th season, he ranks 11th in total rebounds (528), 18th in rebounds per game, and third in offensive rebounds (205).

Source link

Continue Reading


Colleague calls Jay Bilas’ remarks on court stormers ‘the dumbest thing’ ever




As college basketball has seen numerous court invasions this past month, it has become a serious issue to attend by the sport officials. As the solution is still unclear, many experts have shared different opinions on how to address the situations. Last week, analyst Jay Bilas suggested that these fans should be arrested for the action. 

His ESPN colleague Richard Jefferson wasted no time, and the following day he started his NBA Today segment by ripping him apart for his comments. “That’s gotta be the dumbest thing I’ve ever heard in my entire …,” he said on Monday. “Did he say detain 10,000 people? Did he say give 10,000 people citations?”

Jefferson is a former 18-year career NBA player who was also a standout college star in Arizona. Even though he admitted that he has had the court invaded many times as an athlete and “it sucks,” he believes Bilas was too excessive.

“But this is about college basketball, this is about college football. To say something, and I love Jay Bilas – a legend in this game – that is asinine to suggest that,” he added. “Because for me, when you look at this, yeah, get your players off the floor. … But this is a part of college sports, it always has been, for what? Forty years? Fifty years?

Jefferson compared this situation in other American sports. “You know what? Even in football. You’re gonna stop all the people from running on the field when Alabama loses to Florida A&M? No, you’re not going to stop it. Figured out a way to protect your players. Again, we’re talking about one situation, two situations over the course of how many court stormings?” he asked.

“We get it. But let’s not get old and get the ‘Get off my lawn, get a citation, let’s arrest them all.’ Do we know what we’re talking about when we say these things?” Richard assured on ESPN.

According to the former basketball star, there are certain moments where he understands fans want to invade the court. He mentioned that if attendees pay their tuition and support their team in an underdog situation against a historic rival, then “Look, you deserve to storm the court.”

Bilas further explained his assessment on court invasions after Jefferson had blasted him on NBA Today

After his first remarks over the weekend, Jay kept at it on Monday and further explained why something has to be done about court storming. However, the analyst already knows that nothing is going to happen because no one is willing to get their hands dirty to truly solve the issue.

“The truth is nothing’s going to change now,” he expressed on First Take. “We’re going to talk about it. It’s going to go away, and nothing’s going to change. And if they wanted to stop it, they could stop it tomorrow. The administrations will tell you the security experts tell them that it’s not a good idea to try stop the court-storming, because that could cause more problems than it would solve.”

Bilas went all the way to suggest that even the media is complicit in these court invasions, as in the past it was policy of the networks to stop broadcasting if they happened.

“Years ago, when fans would run out on the field or the court during a game, it was network policy not to show that because we didn’t want to encourage it. So what does that say about the way we in the media use these images now? We can’t deny that we encourage it or at least tacitly approve of it,” Jay insisted.

Source link

Continue Reading


NBA Denies Knicks’ Protest of 105-103 Loss to Rockets on Feb. 12




The NBA on Wednesday denied the game protest filed by the New York Knicks in the aftermath of their 105-103 loss at the Houston Rockets earlier this month.

The Knicks decided to submit their protest with the league to dispute the Feb. 12 loss, citing the controversial last-second foul call that led to the Rockets’ victory.

The NBA’s Last Two Minute Report and game crew chief Ed Malloy acknowledged that the foul call on Knicks guard Jalen Brunson against Houston’s Aaron Holiday inside the final second was incorrectly called.

“After seeing it during postgame review, the offensive player was able to return to a normal playing position on the floor,” Malloy said. “The contact which occurred after the release of the ball therefore is incidental and marginal to the shot attempt and should not have been called.”

However, it was not enough for the league to uphold the protest.

“New York was required to demonstrate that there was a misapplication of the official playing rules, as opposed to an error in judgment by game officials,” the league said in a release. “Because the foul call at issue reflected an error in judgment, New York did not demonstrate a misapplication of the playing rules, and the extraordinary remedy of upholding a game protest was not warranted.”

The Knicks and Rockets aren’t scheduled to play again this season.

Only six protests have been upheld in NBA history

Brunson drained a 15-footer with 8.1 seconds remaining, tying the score. Holiday then attempted a heave before the buzzer, and Brunson was called for a foul on the play.

Holiday made two free throws with less than a second left on the clock. He intentionally missed the third to run out the clock. Knicks coach Tom Thibodeau said it was a “tough way to lose a game” during the postgame interview.

Since New York’s protest failed to prove the “misapplication” of an established NBA rule, it had no chance to be upheld by the league, according to ESPN’s Adrian Wojnarowski.

Only six protests have been upheld in NBA history, and just one protest has been upheld in the last 41 years. That one was filed by the Miami Heat after their 114-111 overtime loss to the Atlanta Hawks on Dec. 19, 2007.

Heat center Shaquille O’Neal was incorrectly ruled to have six fouls when he had only five against Atlanta. The game was resumed March 8, 2008, to play the remaining 51.9 seconds from the incorrect call.

Neither team scored, and the Hawks’ 114-111 win was final. Though, it was an awkward experience for both teams.

Before the game was resumed, O’Neal had been traded to the Phoenix Suns. The Hawks also dealt four players for Mike Bibby at the deadline. The league allowed both teams to use players acquired since the disputed game.

Shawn Marion, who came to Miami in the O’Neal trade, was in the Heat’s lineup. Marion played for two different teams on the same day, and he lost both times. He scored 23 points for the Suns in their Dec. 19 loss at Dallas. Plus, he played 52 seconds for the Heat.

Source link

Continue Reading