Dallas Mavericks
NBA basketball franchise based in Dallas.
ActiveSource [3]Source [0]Last verified Oct 2, 2026
About Dallas Mavericks
The Dallas Mavericks are an NBA team based in Dallas. The league awarded the franchise to Donald Carter on May 1, 1980; the team played at Reunion Arena until 2001 and has played at the American Airlines Center since it opened that year.Source [1]
Ross Perot Jr. owned the team from 1996 to 2000, when Mark Cuban bought it for $285 million. Under Cuban the team reached the NBA Finals in 2006 and won its first championship in 2011, led by Finals MVP Dirk Nowitzki.Source [1]Source [5]Source [6]
In December 2023 the NBA approved the sale of a controlling stake, in a deal valued at about $3.5 billion, to the families of Miriam Adelson and Sivan and Patrick Dumont of Las Vegas Sands. Dumont is governor; Cuban kept about 27%, and the buyers can purchase up to 20% more of his shares within four years.Source [4]Source [3]Source [7]
The team lost the 2024 NBA Finals to Boston. In February 2025 it traded Luka Doncic to the Los Angeles Lakers for Anthony Davis, dismissed general manager Nico Harrison that November, and in May 2026 named Masai Ujiri team president and alternate governor.Source [8]Source [9]
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What happened
Awarded to Donald Carter's group as an NBA expansion franchise on May 1, 1980. Mark Cuban bought the team from Ross Perot Jr. in January 2000 and it won the 2011 NBA championship. On December 27, 2023 the NBA approved the sale of the controlling interest to the Adelson and Dumont families, with Patrick Dumont as governor; Cuban kept a minority stake. The team reached the 2024 NBA Finals, traded Luka Doncic to the Lakers in February 2025 and hired Masai Ujiri as team president in May 2026.Source [1]Source [10]Source [4]Source [3]Source [7]Source [8]Source [9]
Timeline
- 2026-05Named Masai Ujiri team president and alternate governor.Source [9]
- 2025-11Fired general manager Nico Harrison; Michael Finley and Matt Riccardi named interim co-general managers.Source [8]
- 2025-02Traded Luka Doncic to the Los Angeles Lakers in a deal for Anthony Davis.Source [8]
- 2025-01Rick Welts became CEO, succeeding Cynt Marshall.Source [11]
- 2024-06Lost the NBA Finals to the Boston Celtics in five games.Source [8]
- 2023-12NBA approved the sale of the controlling stake to the Adelson and Dumont families.Source [3]Source [4]
- 2011-06Won the NBA championship over the Miami Heat.Source [1]
- 2006Reached the NBA Finals for the first time.Source [6]Source [5]
- 2001-10Moved into the new American Airlines Center.Source [1]
- 2000-01Mark Cuban bought the team from Ross Perot Jr. for $285 million.Source [1]
- 1996Ross Perot Jr. bought the team from Donald Carter's group.Source [1]
- 1980-10Played its first regular season game, at Reunion Arena.Source [1]
- 1980-05Awarded to Donald Carter as the NBA's 23rd franchise.Source [1]
Leadership
| Patrick Dumont | GovernorSource [3]Source [9] | Since 2023 |
| Rick Welts | CEOSource [11]Source [9] | Since 2025 |
| Masai Ujiri | Team President and Alternate GovernorSource [9] | Since 2026 |
| Mark Cuban | Minority ownerSource [3]Source [7] | Since 2023 |
Funding and financials
- Valuation
- About $3.5 billion (December 2023 sale)Source [4]
People on Founded, and where they went next
| Person | Here | Also built |
|---|---|---|
| Mark Cuban | Owner, Minority owner2000 to now | Mark Cuban Cost Plus Drug CompanyActiveHDNet (now AXS TV)AcquiredBroadcast.comAcquiredMicroSolutionsAcquired |
Links
Sources
- Dallas Mavericks, Texas State Historical Association Handbook of Texas. Accessed Oct 2, 2026.
- Dallas Mavericks, Wikipedia. Accessed Sep 28, 2026.
- NBA board of governors unanimously approve Mark Cuban's majority stake sale of Mavericks, CBS Sports, 2023-12-27. Accessed Oct 2, 2026.
- Mark Cuban says changing NBA landscape led to his sale of the Mavs, NBA.com (The Associated Press), 2023-12-28. Accessed Oct 2, 2026.
- Biography: Mark Cuban, Shark on ABC's "Shark Tank" (2024-2025), ABC (Disney Entertainment press materials). Accessed Oct 2, 2026.
- Mark Cuban, Texas Business Hall of Fame. Accessed Oct 2, 2026.
- Mavericks owners shoot down sale rumor, and indicate they'll buy more of Mark Cuban's minority stake, Yahoo Sports, 2026-02-12. Accessed Oct 2, 2026.
- Nico Harrison fired from Mavericks nine months after Luka Doncic trade, Al Jazeera, 2025-11-12. Accessed Oct 2, 2026.
- Mavericks Make Massive Front Office Move Hiring Former Champion Executive, Sports Illustrated, 2026-05-04. Accessed Oct 2, 2026.
- Mark's Bio, Mark Cuban Companies. Accessed Oct 2, 2026.
- Dallas Mavericks appoint renowned NBA executive Rick Welts as new CEO, CBS News Texas, 2024-12-18. Accessed Oct 2, 2026.