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Mark Cuban sells majority stake in Dallas Mavericks at 1,128% gain

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Dallas Mavericks owner and famed investor Mark Cuban will sell his majority stake in the team, according to NBA insider Marc Stein. Cuban will sell the Mavericks to Miriam Adelson and her family for a valuation in the range of $3.5 billion. Las Vegas Sands Corp. announced Tuesday in an SEC filing that Adelson was selling $2 billion worth of stock in the company, approximately 10 percent of her stake, to put towards buying a majority stake in a sports franchise, along with her own cash.

Who Is Miriam Adelson?

Adelson is the largest shareholder in Las Vegas Sands Corp., which was formerly owned and run by her late husband, Sheldon Adelson.

According to Forbes, Adelson is one of the richest people in the world. With an estimated net worth of $32.3 billion, Forbes recently named Adelson the 35th-richest person in the world and the fifth-richest woman.

“We have been advised by the Selling Stockholders that they currently intend to use the net proceeds from this offering, along with additional cash on hand, to fund the purchase of a majority interest in a professional sports franchise pursuant to a binding purchase agreement, subject to customary league approvals,” Las Vegas Sands said in the SEC filing.

Cuban To Exit The Spotlight, Sells Mavs For 1,128% ROI

Cuban, the primary stakeholder in the Mavericks for nearly a quarter century, bought the NBA franchise in 2000 for $285 million. With the Mavericks sale, the American business mogul will earn a whopping 1,128% return on investment.

Despite the sale, Cuban will retain some ownership shares in the team and full control of basketball operations. According to Forbes’ recent NBA valuations, Adelson will be getting a considerable discount from Cuban. The Mavericks were pegged at an estimated $4.5 million valuation by Forbes, making them the seventh-most valuable team in the NBA.

Cuban also recently announced that season 16 will be his last on the TV show Shark Tank. After joining as a guest shark during the show’s second season, Cuban became a mainstay on the show, investing over $60 million into 218 deals, more than any other shark. He also entered into 104 partnerships with Lori Greiner being his most frequent partner (42 times).



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Hawks waiving veteran guard Patty Mills

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The Atlanta Hawks are waiving 15-year veteran guard Patty Mills, according to Shams Charania of The Athletic and Stadium. The Hawks reportedly made the move to open a roster spot.

Atlanta plans to fill the spot by converting guard Trent Forrest’s two-way deal into a standard NBA contract. Forrest has played 20 games this season, his second in Atlanta after being in Utah from 2020-22.

The NBA deadline to waive a player and become playoff eligible is 11:59 p.m. ET on Friday, March 1.

Mills, 35, has made only 19 appearances off the bench this season. The 6-foot-2 guard is averaging 2.7 points, 1.1 rebounds, and 10.6 minutes per game while shooting a career-low 37.3% from the field and 38.2% beyond the arc.

In Atlanta’s 134-112 loss to the Golden State Warriors on Jan. 24, Mills recorded a season-high 13 points, two rebounds, three assists, and one steal in 21 minutes as a reserve.

This decision comes days after the Hawks lost All-Star guard Trae Young for at least four weeks with a torn ligament in his left pinkie finger. Atlanta announced the injury Sunday.

Did Atlanta Hawks also waive Patty Mills because of lack of production, Trae Young’s injury?

Young suffered his finger injury during Friday night’s loss to the Toronto Raptors and underwent surgery Tuesday at the Hospital for Special Surgery in New York. The team said Young will be re-evaluated in four weeks.

“You feel awful for Trae more than anything,” Hawks coach Quin Snyder said. “It is going to be a challenge for him not to be out there.”

Mills’ departure likely had something to do with his lack of touches. With Young out, Dejounte Murray is expected to become the team’s primary ballhandler.

Bogdan Bogdanovic replaced Young in the starting lineup ahead of Sunday night’s game against the Orlando Magic.

Another notable loss is starting center Onyeka Okongwu (sprained left toe). Snyder said last Thursday that Okongwu will not be available for the foreseeable future.

“You have to adapt,” Snyder said. “That happened when we lost Jalen [Johnson]. We have to have minutes from Kobe [Bufkin] and Patty, and we obviously know what Dejounte can do. I don’t want to wallow in anything.”

Although Bufkin returned after recovering from a fractured left thumb, Murray and Bogdanovic may still struggle to carry the load during Young’s absence.





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Boston’s Defense Continues to Help Maintain Best Record in NBA

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The Boston Celtics have arguably the best defensive unit in the league. It is a huge reason why they have the best record in the NBA at 46-12 as of February 29th , 2024. On top of having one of the best starting lineups in the league, head coach, Joe Mazzula has developed a reputation for being a defensive mastermind. A hard thing to come by in today’s offensive driven league. They are second in the league in defensive rating (110.6), sixth in defensive rebounding percentage (72.7 percent), and second in blocks per game (6.6).

The Celtics are not afraid to go man-to-man or even go into a zone defense. Mazzula has gotten creative in using a free roamer in the zone scheme this season. With the talent they have, it really does not matter who they have playing this “free safety,” position. Boston usually utilizes a 2-3 or 2-1-2 alignment which often throws opposing offenses for a loop. It also helps that the personnel have terrific switch ability making it difficult for opponents to exploit any possible mismatches. Even when they are in man, the Celtics are extremely hard to score on as every player has brought into head coach, Joe Mazzula’s, system.

Boston’s Terrific Defensive Scheme

Their Personnel

The team often likes to use Jrue Holiday in unorthodox positions in their defensive schemes. They will use him at the center of their 2-3 zone and the other players are smart enough to adjust on potential mismatches. This often allows someone like Kristaps Porzingis or Al Horford to roam giving the defense an added dimension. Porzingis also gives Boston some much-needed rim protection. He currently averages 1.8 blocks per game to go along with a block percentage of 5.5 percent. Jayson Tatum has also developed into an above average defender who has the wingspan to alter shots at the rim.

Not to mention, Jaylen Brown has a reputation as a solid defender who can guard almost any position on the floor. As if that was not enough, the backcourt of Jrue Holiday and Derrick White is arguably the best defensive one in the NBA. White is arguably a top-five point of attack defender. He has 65 blocked shots on the year as of February 29th . Even some of the bench players such as Al Horford and Payton Pritchard have a reputation for being defensive pests. Boston has been playing high IQ basketball at all levels this year. However, their defense is arguably the main reason they are the favorites to win title this season.



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Spurs, Marcus Morris agree to contract buyout after 3-team trade

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The San Antonio Spurs and 13-year veteran forward Marcus Morris have agreed to a contract buyout, per Shams Charania of The Athletic and Stadium. Morris, 34, never made an appearance with the Spurs.

As part of a three-team deal with the Philadelphia 76ers and Indiana Pacers on Feb. 8, the Sixers traded him, cash, and a 2029 second-round draft pick to San Antonio before the deadline.

Morris will now become a free agent ahead of Friday’s deadline for free agents to be eligible for the postseason. This only applies to waiving. A player is not required to be signed by 11:59 p.m. ET on March 1 to retain playoff eligibility.

In 37 games and seven starts with the 76ers this season, Morris averaged 6.7 points, 2.9 rebounds, and 17.2 minutes per game while shooting 43.9% from the floor, 40% beyond the arc, and 86.1% at the foul line.

The Philadelphia native recorded a season-high 17 points in a 139-132 loss to the Atlanta Hawks on Jan. 10 and in a 111-105 defeat against the Denver Nuggets on Jan. 27.

Former San Antonio Spurs forward Marcus Morris could join the Minnesota Timberwolves?

Additionally, Morris’ $17.11 million pre-buyout base salary for this season limits his list of playoff teams he can sign with, according to the terms of the collective bargaining agreement.

Ex-Sixers teammate Patrick Beverley broke the news earlier this month that Morris was “leaning towards” signing with the Minnesota Timberwolves.

The Timberwolves could be a good fit for the 6-foot-8 wing. Minnesota sits at the top of the Western Conference standings with a 42-17 record. The Wolves are 22-6 at home, 20-11 away, and 29-8 in conference play.

Minnesota has the potential to make a deep playoff run behind Anthony Edwards, Karl-Anthony Towns, and Rudy Gobert. However, considering their lack of postseason experience, adding Morris could be a wise move.

With the Los Angeles Clippers in the first round of the 2023 NBA Playoffs, the veteran forward averaged 8.7 points, 4.0 rebounds, and 22.7 minutes in three appearances versus the Phoenix Suns.

During his rookie 2015-16 season with the Detroit Pistons, he averaged playoff career highs of 17.8 points, 2.5 assists, and 36 minutes per game in four starts of Detroit’s first-round series sweep against the Cleveland Cavaliers.





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