Tag Archives: Mark Cuban

Mark Cuban Uses Victory Celebration Photo in Summary Judgment Brief

(An actual page from the motion for summary judgment)

Mark Cuban is very proud of the fact that the Dallas Mavericks are World Champions.  He has run up a bar tab of several hundred thousand dollars. He picked up the bill for the victory parade. Now, he is even using it as a legal defense in court.

Courtesy of DallasObserver.com, Ross Perot Jr., the son of the former presidential candidate and a five percent owner of the Mavericks, is suing Mark Cuban. Perot’s partnership (Hillwood Center Partnership) used to own the majority of the Mavericks but sold to Cuban 11 years ago. Perot claims that Cuban has made a “litany of questionable, business, financial, and personal decisions.” Further, he claims that Cuban’s “careless and reckless” decision-making has caused the Mavericks to become “insolvent and/or in imminent danger of becoming insolvent.” Perot essentially wants the court to kick Cuban out of control of the franchise.

In response to these allegations, Tom Melsheimer, Cuban’s attorney, submitted into evidence the document you see above as proof that Cuban is anything but a bad owner.

My favorite part in the entire brief is on the final page (shown below) where Cuban’s attorney is asking the court for a ruling in their favor. They additionally ask for further relief to which they are entitled; however, it contains the following parenthetical: Continue reading


NBA Collective Bargaining Agreement – Part Two

Introduction

If you have not read NBA Collective Bargaining Agreement – Part One, I suggest you read it first. Much of the discussion in Part Two will build off the information from Part One.

Now that we understand from where the current Collective Bargaining Agreement came, we can begin to discuss the motives of both the owners and players.

A lockout is a tool used by owners in collective bargaining. By locking the players out of the facilities, the owners gain leverage in negotiations. If players are not allowed into team facilities and subsequently games are canceled, the players do not receive pay checks. This tactic theoretically will induce the players to meet the owners’ demands. However, the owners are not the only ones with leverage. By canceling games, the owners are not getting ticket revenue, which is detrimental to their bottom line. The truth is that owners are much more prepared financially to sustain an extended work stoppage than the players. This assertion can be supported simply by seeing to what extravagant lengths Dallas Maverick’s owner, Mark Cuban, is going when celebrating his recent NBA title. Owners are wealthier than players. Owners have other investments which will allow them to “scrape by” in case of a lockout. The players, however, do not have as diverse portfolios as owners. Although several NBA players have lucrative endorsement deals, many players rely simply on their NBA salaries, which in comparison to the owners’ bank accounts are minuscule. Continue reading