Mark Cuban explains REAL reason for selling Dallas Mavericks | Draymond Green Show

Mark Cuban explains REAL reason for selling Dallas Mavericks | Draymond Green Show

What’s up everybody Welcome to the Draymond Green Show YouTube channel make sure you hit that subscribe button make sure you like the post that you love thank you I I read something where you said your investment um well your sale of the Mavericks is an investment in in

Specific Partners as well as a bet on real estate being important to the future of of NBA ownership uh what was the reason uh can can you share a little bit more or clarify a little bit more of that for me or for for our audience look

At Chase right look what Joe and that whole crew did right Joe went and put together the group it was all private funding and they built a place that’s amazing and that’s where they make more of their money I mean I don’t know all the numbers but that’s what I would bet

Right because and look how much they spent to get there yes I don’t know that at all right yes I you know I did this because I love basketball I didn’t do this to try to make as much money as I could you know when we would do stuff

Wasn’t like okay I got to hit this budget and it’d be like okay whatever and that it was good sometimes and it got me in trouble sometimes right because I wasn’t paying attention to that side but now with the new CBA and the way media is changing I know

Technology and media cold man I grew up with that I know that stuff in and out I couldn’t build a Chase Center if I wanted to my new partners the Patrick Duman and the Adon that’s what they live for man the sand he runs the sand Corp

And you know they’re the biggest casino people around the world and they build Arenas this is what they live for right and so you know like on Shark Tank I I always say I’d rather have 25% of a watermelon than 100% of a grape right yes down to right I just you know

Because I I just I’m not good at asking people for money let’s go put together this thing you know I I just I love the game I love being part of it I love the energy I hate losing right and I hate the pain of it all but um I know what

I’m good at and I know what I suck at and wasn’t going to try to lie to myself and do something I couldn’t do that’s special uh and the smartest people in the world you’re also smart because you know what you don’t know and that’s one

Of the things that I’ve tried to figure out you know obviously I’m 34 now so I’ve been doing some business but and getting the people around me to that knows what I don’t know it’s no different than basketball though right you know your role and when your team

When everybody on their team Knows Your Role you’re pretty good even if even if everybody not as talented as another absolutely when you don’t people don’t know their rules the roles that’s when things go to right and it’s the exact same way in business and the hard

Part is going through all the ups and downs of getting that Squad together right because everybody’s got their own goals everybody’s got you know a limited career where they’ve got to accomplish certain things some guys just want to stay in it’s all different well in companies it’s the same way right

Somebody you know it’s just a start to their career they don’t want to stay in this city for forever so they’re not going to be there forever somebody’s been at it for you know 15 years they know it’s getting you know longer in the tooth it’s harder for them to keep up

But they have this wisdom and experience how do you make all these people in the company mesh and when you’re trying to invest in new things particularly like when things are changing or new Industries whether it’s AI on the tech side or real estate and all the changes

That are happening there you got to know how to put together that team I didn’t I don’t and I I just didn’t fit my skill set and you know it wasn’t like I was paying them to come in I was getting paid for the right to do that so it was

It was a win-win situation and I got to stay with the basketball side you know and you know run out in the court when Kyrie hits an insane shot and I’m in that pile on like I you know that’s the best part about owning at least now

Owning part of a team or owning the whole team back then that shots in the air everybody’s Hearts pounding I get to run on the court and not get arrested man the best thing ever absolutely and by the way when you started doing that that that brought not only did it bring

Um life to NBA ownership but I think it brought a totally different perspective to how people viewed NBA owners no one was as involved no owner was running on the court going crazy so much you have no idea like the guys like when I first got there the old dudes like

Inherited the teams bought W them in a poker game or whatever right they I’d be in a meeting and they one time they were like shut the up you’ve never done anything in this league and then I called the dude by the wrong name because I just got there and just like

It like they were just killing me all the time finding me like the first time I got fined um we were in Minnesota and I always wanted to set the tone that there was no job on the basketball side that I wouldn’t do right even on the

Other side for that matter business side and so I want you know the the guys who um sit on the floor the guys and they’ll get up they’ll take your jersey whatever give you your warm-ups and everything I’m like I’m sitting with those dudes right because I want to get to know them

Better I want to see their job and I want to be close to the team just get the feel for the vibe right and they find me $100,000 I think it was my first full year for conduct Unbecoming an owner I’m like you ain’t seen nothing yet [Laughter]

David that’s hilarious is it so so so right now after the sale has been completed uh by the way I’m sorry congratulations on that you know so many times you know I I have a I’m really sorry because I have a huge pet peeve um you know just like yourself we we have

Friends that are doing incredible things and so often times because our friends have had so much success right like you see something where it’s like oh U Mark Once Sold broadcast.com in 9 9 for $5.7 million so I don’t really need to hit him and say congratulations about

Selling it for 3.5 million 3.5 billion excuse me right like and and that happens so often times to people that’s had success over and over and over again and so I apologize congratulations on that it’s okay I’m okay with appreciate thank you no problem so but um so what is your role currently

Now with the Dallas Mavericks once you’ve completed the just basketball okay I don’t have to about anything else you know Nico and me and just you know because when you’re the general manager by way Nico’s done a phenomenal job yes he has he’s a stud um

But there’s still there’s the sense of a general manager is different than the sense of an owner right because the owner’s got to think not just in terms of one year or even three years or this contract or next time you’ve got to have a longer Horizon and you’ve got to think

More in terms of the CBA and you know your the bigger picture how much money you willing to lose in luxury tax right how much you willing to spend you got to make that decision right where you know the G manager just wants to win or keep

The job whatever it is right so it’s just a different perspective and and plus Nico you know is new to the basketball side and so there’s somebody’s got to be that guy that that’s been there a long time and has done it a long time so it’s a great

Partnership I love working with the guy and you know it’s been easy for me to give him more and more responsibility because he’s so good at it yeah no Nico’s incredible I had the opportunity to work with Nico for my first nine years in the NBA I want to

Say when he was with Nike and he he was always incredible he was always very honest which I can always appreciate he was always extremely honest with me if I if I called him and I’m like Nico I want I I want a I want a a signature shoe

Nico’s response probably would be Dre I love you you can’t sell a signature shoe like always just just honest A Silent Assassin he’s like Silent Assassin right pull no punches whatsoever exactly and I I think that’s absolutely incredible and I was so excited like I know Nico had

Teetered around with some assistant GM jobs throughout the years I think the Spurs was one of them and a couple other maybe the Lakers was one of them he was you know him and Kobe what they built and I was so excited to see him get the opportunity to be the general manager

The Dallas Mavericks because I know what type of person Nico is and I know the type of loyalty you’ve shown to players who’s play for you um coaches who’s coached for you uh general managers who’s been the general manager of your teams I know the type of loyalty and

Being in this business I care about Nico like we we built a great relationship I still talk to Nico to this day like being in this business to see him uproot his family from Portland to Dallas that have been home forever and yeah like and

To know like but you’re going to a guy that’s going to be willing to grow with you like you’re and and is going to be loyal to you I was really happy to see that because I knew it would be a good situation for him him Dar the family I

Mean the kids they’re good people right so it makes it easy for me you know and it’s just a matter of letting him take his steps and you know trusting him to do things you know I still we still talk and everything and you know still get

Involved but you know every day he gets more and more responsibility and and he just keeps on getting better and that’s all you can ask that’s absolutely incredible um there there was there was a um a little rumor around that you were scared on what the the next TV deal

Brings and that uh that that’s one of the reasons you sold the team is there any truth to that and if so what are you thinking about the new TV deal that’se a good question right you can’t look at linear television and not be scared yes

Right yes that’s right look I’m on Shark Tank I see her our ratings every week used to be like when the show aired we’d have 9 10 million viewers now there’s three four million viewers right and that’s the same thing across but on the flip side the shows that do do well

Sports right so they need us more but then one step further like B’s was our local broadcaster yes and they went bankrupt right and so they got bailed out by Amazon so if streamers come in and are as big as I think they are going

To be it won’t be an issue right yes even if I’m 80% confident there’s always that 20% chance right so it’s hard to Peg it exactly I don’t think we’re gonna have a problem for the next 10 years yes after that I have no idea right who

Knows what the world’s going to be like from a technology and streaming and Ai and multimedia you know what I do think is a source of Revenue that is under monetized is social media yes right because we are the biggest thing the NBA is huge on social media right you know

That you see it you know guys in the NBA are you know other than maybe you know soccer overseas right the biggest athletes on the planet that’s a fact and that carries a lot of value and so I think you know I you know I pushed hard

And continue to push hard that we’re under monetizing that so even if those deals aren’t quite where I expect them to be I think the social media side will pick up the slack at some point maybe not this year but five 10 years whatever

It is so I think the NBA will be okay so you know from it wasn’t so much that but it was definitely the real estate side like I explained to you and look you know the whole 25% of a watermel if we’re able to get Casino gaming past

Resort Casino gaming past in Texas could you imagine a Venetian built in Downtown Dallas where the the Dallas Mavericks play oh my God I by the way I love Dallas so that’s like music to my ears I love that City it’s a great city right like now I just saw something like

Between Dallas Fort Worth up to eight million people and we’re like the fifth largest you know dma so there’s there’s nothing but upside down here but you need somebody who knows that business to take advantage of it all right the NBA season is in full swing coming down the

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Mark Cuban explains to Draymond Green why he sold the Dallas Mavericks, how he feels the Golden State Warriors owners did a good job with Chase Center, why Mark is trying to get a Venetian hotel in Dallas, and more.

Timeline:
00:00 – Mavericks Sale
03:00 – Future plans

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