(Photo : David Berding/Getty Images) MINNEAPOLIS, MINNESOTA – Dallas Mavericks owner Mark Cuban celebrates after a 124-103 victory against the Minnesota Timberwolves in Game 5 of the Western Conference Finals at Target Center on May 30, 2024 in Minneapolis, Minnesota.
The Dallas Mavericks had a highly successful 2023-24 season, defying expectations to reach the 2024 NBA Finals despite a highly competitive Western Conference.
Aside from falling short in the championship round against the Boston Celtics, one of the biggest stories of their season was longtime team owner Mark Cuban selling off his majority stake, which amounted to 73% of the team, to casino tycoon Miriam Adelson and her family for $2 billion.
One of the reported aspects of the deal, which claimed that Cuban would retain 27% of the team and complete control of the Mavs’ basketball operations, was untrue, according to NBA reporter Tim MacMahon of ESPN.
Cuban has been a Mavericks owner since 2000, initially acquiring a majority stake for $285 million.
The 65-year-old previously wielded an unconventional influence on player and personnel decisions until he sold his majority stake to Adelson, a transaction completed in December 2023.
Patrick Dumont made several recent key decisions for the Mavericks
Patrick Dumont, Miriam Adelson’s son-in-law through his marriage to her daughter Sivan Ochshorn, was named the Mavericks’ new team governor.
Mavericks President of Basketball Operations and General Manager Nico Harrison now reports directly to Dumont and has been given autonomy to handle the roster without interference from the owners.
Dumont is responsible for some of the moves that have taken place during the past month, including granting contract extensions to head coach Jason Kidd and Harrison.
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