Jan 23, 2014, 10:13 AM EDT
Forbes magazine released its annual report on franchise values on Wednesday, and while only three NBA teams were listed at being worth more than a billion dollars, Mavericks owner Mark Cuban believes that will change in the relatively near future.
Cuban’s Dallas franchise was valued at $765 million, but he’s not exactly accepting that very recent estimate as an accurate appraisement.
“They’re way too low,” he said.
So if somebody showed up with $765 million in his pocket and wanted the team he’s owned since 2000, what would Cuban do?
“I’d laugh at them,” he said. “I think we’re worth well over a billion. I think within the next five years, and this is just a guess, if the economy continues to get a little better and sports still stays in demand, every NBA franchise will be worth at least a billion dollars.”
That’s a little on the optimistic side, considering you have teams in markets like Milwaukee, Charlotte, New Orleans, and Atlanta that were all valued at less than $500 million in this latest exercise.
Dallas is a much bigger market, though, and the new television deal that’s on the horizon for the league may indeed see franchises spike in value. But given Cuban’s passion for the game and the team he owns, we wouldn’t expect him to sell at any price.
- Stop judging J.J. Redick by his Duke days if you haven’t already 0
- Thunder say Kevin Durant underwent successful bone graft surgery, will return in 4-6 months 4
- Five Things We Learned in NBA Monday: DeMar DeRozan went Harden on Harden 11
- Derrick Rose returns to full-contact practice, Bulls return date still unknown 13
- Report: Sacramento consultant Chris Mullin to take St. John’s head coaching job 4
- PBT Extra: Taking twitter questions on Clippers, Michael Carter-Williams, more 7
- PBT’s NBA Power Rankings: Cream rising to top as playoffs near 27
- Report: Patrick Beverley out for rest of season, including playoffs 8