Patrick Dumont

More Notes On Luka Doncic Blockbuster

The Jazz were involved in the Luka Doncic/Anthony Davis mega-deal between the Lakers and Mavericks as a third-team facilitator, taking on Jalen Hood-Schifino‘s expiring contract and getting a pair of 2025 second-rounders for their willingness to eat that salary.

However, according to Ramona Shelburne and Tim MacMahon of ESPN, the talks between Dallas and Los Angeles were so closed off that Utah didn’t even know Doncic and Davis were involved in the trade until approximately an hour before it was completed. All the Jazz knew was that they were acquiring two second-round picks along with Hood-Schifino.

As ESPN’s duo writes, the Lakers had a few backup plans lined up if the Jazz ended up backing out. Utah had to complete a trade with the Clippers earlier on Saturday in order to make sure there was a roster spot available to take on Hood-Schifino — the Jazz ended up waiving Mohamed Bamba a day after acquiring him from the Clippers to open up that spot.

According to Shelburne and MacMahon, Mavericks general manager Nico Harrison decided early in the process that the best way to go about trading Doncic was to target a specific deal he wanted and to keep it quiet. While the Mavs have faced some criticism for not opening up the process and potentially creating a bidding war, Harrison didn’t want to risk Doncic and his agent exerting leverage from their end — he also hoped to avoid creating a fan backlash during the negotiations, per ESPN.

Here’s more on the blockbuster trade whose shock waves are still reverberating across the NBA:

  • Within their in-depth look ta the deal, Shelburne and MacMahon write that Doncic’s habits on and off the court that had long frustrated the Mavericks. According to ESPN’s duo, when Doncic missed 11 days in November due to what was called a right wrist sprain, the primary motive was to give him time to shed weight, since he was in the high-260s. “I mean, who gains weight during the season when you’re playing 40 minutes a game?” one team source complained to ESPN last year. The Mavs considered Doncic’s ideal weight to be 245 points, but he frequently played in the 250-255 range or higher.
  • As Marc Stein previously reported, the full-time “body team” that Doncic hired out of pocket prior to the 2023/24 season was another source of frustration for Dallas. According to ESPN, the Mavs didn’t notice any improvements in the guard’s conditioning or availability, and complained about poor communication with Doncic’s team, which consisted of Slovenian national team strength coach Anze Macek, physiotherapist Javier Barrio Calvo, and nutritionist Lucia Almendros from Real Madrid.
  • New Mavericks governor Patrick Dumont didn’t have the same kind of personal relationship with Doncic that former majority owner Mark Cuban did, per Shelburne and MacMahon, who say Dumont trusted in Harrison’s belief that the trade would give the Mavs a better culture-setter in Davis, along with more financial flexibility and a defense-first identity. Cuban, who is still a minority stakeholder in the franchise, declined to comment on the deal, but one team source told ESPN, “No way Mark would ever trade Luka. It wouldn’t even be a conversation.”
  • Doncic had anticipated signing a five-year super-max extension with the Mavericks during the 2025 offseason, sources tell ESPN — he never gave any indication that he had considered the idea of leaving Dallas and had begun searching for a new home in the city. However, team sources tell Shelburne and MacMahon that the club was as concerned about Doncic signing that contract as they were about him not signing it.
  • David Aldridge of The Athletic spoke to several executives around the league about their impressions of the Doncic/Davis trade and how it was negotiated. While some of those execs questioned Dallas’ thinking, others pointed out that the Mavs knew Doncic better than any other team. “Luka has the ability to take a franchise to the highest level and has shown that,” one Eastern Conference executive said. “He is a winner, but it seems that Dallas knows something that others might not know and made a decision that they feel is best for now and their future.”
  • Marc J. Spears of Andscape hears that Doncic and the Lakers are targeting next week – likely either Monday or Wednesday vs. Utah – for his debut with the team (Twitter video link). Doncic has been out since Christmas Day due to a calf strain.

Latest On Luka Doncic

Nearly as surprising as the Luka Doncic trade itself is the fact that Mavericks general manager Nico Harrison and Lakers general manager Rob Pelinka were able to keep their negotiations a complete secret for more than three weeks. In the social media age when everything seems to get leaked online, Harrison and Pelinka managed to gradually construct the framework of a deal after broaching the subject for the first time in a face-to-face meeting on January 7.

In his latest Substack column (subscription required), Marc Stein reveals that Mavericks majority owner Patrick Dumont and Lakers owner Jeanie Buss were the only other people aware that a Doncic trade was being actively discussed. Instead of announcing his intentions to the entire league and creating a bidding war for Doncic, Harrison focused on landing Anthony Davis, who was his preferred target since talks began.

While Harrison defended the deal and explained his motivations during a press conference on Sunday, Stein states that there is “loud surprise” throughout the league that he wasn’t able to land both of the Lakers’ available first-round picks in exchange for a 25-year-old superstar. L.A. sent its 2029 first-rounder to Dallas, but hung on to its 2031 pick to help upgrade the roster in other areas.

Despite outside speculation that the Mavs needed to keep Doncic happy heading into his next contract, Stein believes Harrison and ownership eventually decided that they weren’t happy with him. Harrison talked Sunday about the need for players who “fit the culture,” implying that Doncic wasn’t viewed that way anymore.

Stein hears that management was turned off by Doncic’s decision to hire his own team of training experts heading into the 2023/24 season, even though it was at his own expense. That group, which handled his medical and nutritional needs, gained unexpected power in the organization after longtime athletic trainer Casey Smith was removed from his day-to-day duties in August 2023, Stein adds.

Stein points out that in his insistence on culture, Harrison prefers players that he’s familiar with. That includes Davis, whom he knows well through their Nike connections, as well as Kyrie Irving and P.J. Washington, whom Harrison added in recent trades after becoming the GM.

Harrison emphasized on Sunday that the decision to bring Davis to Dallas is entirely his and he doesn’t consider it to be risky. He is aware of the backlash from angry Mavericks fans, but he’s confident they’ll eventually come to understand why the deal was made.

“I’m sorry they are frustrated. It’s something we believe in as an organization that’s going to make us better,” Harrison said. “We believed it sets us up to win not only now but in the future. And when we win, I believe the frustration will go away.”

There’s more fallout from the Doncic trade:

  • Parting with Doncic hasn’t affected the Mavericks’ plans to sign Irving to an extension this summer, Stein adds. He has a $44MM player option for next season, but that will likely turn into a long-term deal as he and Davis are now the cornerstones of the franchise.
  • Doncic’s father, Sasa, had sharp criticism for the Mavericks in an interview with Arena Sport Slovenia, according to Stein. He accused the team of “secrecy” and “hypocrisy,” adding that it’s “really unfair from certain people from Dallas.”
  • The Lakers celebrated Doncic’s arrival in Los Angeles late Sunday night with a series of tweets showing him departing his flight and meeting with Pelinka. Doncic offered a message on Twitter, stating, “Grateful for this amazing opportunity. Basketball means everything to me, and no matter where I play the game, I’ll do so with the same joy, passion and goal – to win championships.”

Southwest Notes: Durant, Rockets, Cuban, Udoka, Williamson

The Rockets’ interest in Kevin Durant has been overstated, Marc Stein reports in a Substack post. Stein wrote last month that there was a strong belief around the league that the Rockets were interested in a Durant deal.

Stein hears now that Houston is determined to prioritize internal development this season rather than looking to make a big move before the February trade deadline. Houston’s front office intends to prioritize timeline considerations, as much as talent and fit, when they do make their next major trade. The Rockets’ roster is loaded with younger players, featuring seven first-round picks who are 23 or younger.

Kelly Iko of The Athletic previously reported that the Rockets aren’t interested in breaking up their young core to acquire Giannis Antetokounmpo. Of course, it’s worth noting that neither Durant nor Antetokounmpo is available at this time.

We have more from the Southwest Division:

  • Mark Cuban has essentially ceased going to Mavericks games on the road and there’s a big reason why, he told Stein. “The NBA got really, really, really petty and said that I can’t sit behind the bench anymore,” Cuban said. Stein points out that Cuban’s presence in the second row behind the bench was a violation of league rules but the league ignored it for many years when he was the franchise’s controlling owner. Cuban sold his majority stake in the Mavericks last year. Cuban talks to Mavs general manager Nico Harrison frequently but Patrick Dumont is the Mavericks’ official governor and operates as day-to-day owner, according to Cuban.
  • The Rockets’ strong start has been fueled by an improved defense and that’s no accident. Head coach Ime Udoka firmly believes that defense wins championships. “We’re only as good as our one-on-one defense,” Udoka told The Ringer’s Michael Pina. “We’re only as good as all our five on the court, and any weak link is exploited. Everything flows out from that philosophy, which makes a ton of sense on paper but is quite grueling in practice. It’s not a lot of schematics to it. There’s a lot of will and want to it, for sure. But it’s also very eye-opening when you show them the numbers from the previous few years in those areas. If you’re honestly tired of losing and want to change the perception of the team, I mean, that’s where we all start.”
  • The Pelicans have a lot of hard decisions to make in the coming months and offseason, Spotrac contributor Keith Smith opines. One thing they should seriously consider, in Smith’s view, is moving on from oft-injured Zion Williamson via the trade route or by getting out of his contract. He’s a dominant offensive force when healthy but his rebounding and defense is subpar, Smith notes. Due to a games played clause, the Pelicans can get out of Williamson’s contract after this season with no more than $7.8MM owed to him if he doesn’t appear in at least 41 total games this season. Williamson is currently out with another hamstring injury.

Mavs Notes: Doncic, Porzingis, Lively, Dumont, Washington

Former NBA player Chandler Parsons stated on FanDuel’s Run It Back program that Luka Doncic did not like playing with Kristaps Porzingis when the two were Mavericks teammates from 2019-22.

That’s news to Doncic, who denied there was any friction between him and the current Celtics big man.

“They’re wrong. I’ve talked to Chandler Parsons maybe twice in my life, so I don’t know how he would know this,” he said, per Kevin Sherrington of the Dallas Morning News. “Me and KP have a good relationship. I don’t know why people say these things.”

We have more from the Mavericks:

  • Remember when the league fined the Mavericks $750K for resting players during the second-to-last game last season, when they were still in the play-in hunt? It was worth the fine, ESPN’s Tim MacMahon notes, as they wound up drafting Dereck Lively II in the lottery at No. 12 after trading down. Dallas needed to make swift moves to build around Doncic and Kyrie Irving and the Mavs struck gold in the draft. The tank job was a transparent attempt by the Mavs to hang on to the top-10-protected pick they owed the Knicks as the final payment on the Porzingis blockbuster deal.
  • Patrick Dumont, the franchise’s majority shareholder, knew the team could be a contender this season. But he had no idea the Mavs would be in the Finals when the purchase from Mark Cuban was approved by the league’s Board of Governors in late December. “No, we were just very happy and honored to be able to be here,” Dumont told Brad Townsend of the Dallas Morning News. “Like, we had no idea. But we knew this team would compete. And we’re very excited about the work they’ve put it in and the results. It’s phenomenal.”
  • P.J. Washington and Daniel Gafford went from lottery teams prior to the trade deadline to now playing prominent roles on a Western Conference champion. Washington feels blessed to be in this position, he told Eddie Sefko of Mavs.com. “I’m pretty sure he (Gafford) didn’t expect to be here, just like I didn’t,” Washington said. “It’s a lot of emotions coming from Charlotte and not really winning a lot of games to being in the Finals in a matter of months. It’s a quick turnaround and we’re just extremely grateful. We’re not taking anything for granted. As a kid, I never thought I’d be in the position that I’m in now.”
  • Lively developed quicker than coach Jason Kidd expected, Sefko writes in a separate story. “When we got Lively, we felt it was going to fill one of the holes that Luka was looking for, a vertical guy,” Kidd said. “You could see the future of him being the anchor of the defense. The future just happened to come a lot faster. He wanted that responsibility. Sometimes, young players will shy away from that. But he ran to it.”

Southwest Notes: Cuban, Doncic, Sengun, Pelicans, Spurs

Confirming prior reporting from Forbes, Marc Stein (Substack link) cites sources who say that Mark Cuban‘s sale agreement with Miriam Adelson and Patrick Dumont stipulates that the Mavericks‘ new majority owners have the option to buy an additional 20% of the franchise in four years.

For the time being, Cuban has retained control of 27% of the team and reportedly still maintains a voice in the personnel decisions, though he’s no longer the final decision-maker. However, if Adelson and Dumont exercise that option a few years from now, the extra shares would come out of Cuban’s stake in the team, reducing his holdings to below 10%.

Here’s more from around the Southwest:

  • Luka Doncic likely won’t finish higher than second in MVP voting this season, but the fact that he’s legitimately in the conversation is more important to the Mavericks than him actually winning the award, opines Tim Cato of The Athletic. As Cato explains, this version of Doncic raises Dallas’ ceiling and makes the team a bona fide contender.
  • Alperen Sengun (ankle/knee) won’t return for either of the Rockets‘ final two games of the season, Kelly Iko of The Athletic confirms (via Twitter). Sengun is a candidate for this year’s Most Improved Player award, but because he only appeared in 63 games, an independent doctor would need to rule that his injury is likely to sideline him through at least May 31 in order for him to be eligible for award consideration.
  • Although New Orleans has yet to clinch its playoff spot, the team looks better than it has in years and is on track to win the most games it has in a season since being rebranded as the Pelicans in 2013. James Herbert of CBS Sports checks in on the Pelicans to get a sense of why this year’s team is more dangerous than the one we’ve seen in recent seasons, as well as what the next steps are for the franchise.
  • Victor Wembanyama has been everything the Spurs hoped he’d be in his first year in the NBA and figures to only get better going forward, but will San Antonio be able to build a contender around the young star? Isaac Levy-Rubinett of The Ringer explores that question, considering the players the Spurs already have on their roster, their draft assets, and a potential trade target.

Mavs Notes: Kuzma, G. Williams, Washington, Gafford, Front Office

Following up on reports that Kyle Kuzma was nearly traded from the Wizards to the Mavericks last week, ESPN’s Brian Windhorst said on the latest Hoop Collective podcast (YouTube link) that he believes Dallas was offering two first-round picks to Washington in its proposal for the veteran forward.

One of those first-rounders was almost certainly the 2024 pick that Dallas acquired from Oklahoma City, which will likely end up being the more favorable of the Clippers’ and Thunder’s first-rounders. According to Tim MacMahon on The Hoop Collective, the Mavs and Thunder “very quietly” agreed to the deal involving that pick several days before the trade deadline, even though it wasn’t reported until Thursday.

The second first-rounder the Mavs offered for Kuzma would’ve presumably been their own 2027 pick, which was ultimately sent to Charlotte in the P.J. Washington deal instead, with top-two protection.

Windhorst, MacMahon, and ESPN’s Tim Bontemps agree it’s probably safe to assume the Mavs were looking to include Grant Williams in that potential Kuzma trade, which means the proposal might have been something like Williams, Richaun Holmes, a 2024 first-round pick, and the Mavs’ 2027 first-rounder for Kuzma. It’s unclear whether the ’27 pick would’ve had the same light protection that Dallas agreed to in its deal with Charlotte.

Ultimately, after the Wizards decided not to move forward on the Kuzma trade, Dallas ended up sending one of those first-rounders and Holmes to Washington in exchange for Daniel Gafford, completing separate deals with the Wizards and Hornets rather than just a single trade for Kuzma.

Here’s more on the Mavericks:

  • After winning his first game with the Hornets, Williams raised some eyebrows with his postgame comments, which could’ve been interpreted as a shot at his former team in Dallas, notes Brian Robb of MassLive.com. “It’s great to get a win for the city and play for the jersey that’s across your chest, not on your back,” Williams told reporters. “Everybody touched the ball, we trusted one another, a team that never played, practiced together, every single person seemed like they had each other’s back.” MacMahon reported after the deadline that Williams had “personality clashes” and “rubbed a lot of people the wrong way” during his half-season with the Mavs, adding in the latest Hoop Collective podcast that the forward reported to Dallas out of shape this past fall.
  • Tim Cato, Josh Robbins, and Dave DuFour take a closer look at how Washington and Gafford will fit in Dallas, examining what the two newcomers will and won’t be able to do for the team.
  • New Mavericks governor Patrick Dumont spoke to Brad Townsend of The Dallas Morning News (subscription required) about the hierarchy within the front office under the new ownership group. While reports have indicated that Mark Cuban retained his control of basketball operations, Dumont didn’t exactly confirm that. “The way the structure works, just formally, is that I am the governor,” Dumont said. “The league wants one person to speak to, so that’s me. But I intend to get the benefit of Mark’s experience and his success. So working with him is actually a benefit to our organization. And that’s how I see it. Nico Harrison is the GM. He is the head of basketball operations. So we all get the benefit of working with Mark, but there’s one GM. That’s Nico.”

Mavs Notes: Gafford, Washington, Dumont, Williams, Draft Picks

The trade deadline additions of Daniel Gafford and P.J. Washington make the Mavericks a deeper and more explosive team, writes Brad Townsend of The Dallas Morning News (subscription required). The new-look roster thrived in Gafford’s and Washington’s Dallas debut on Saturday as the Mavs scored a franchise-record 47 points in the first quarter and blew out the Thunder by a score of 146-111.

“There’s going to be nights when we shoot 45 to 47 threes, and there’s going to be nights where we can dominate the paint as we did today,” head coach Jason Kidd said after the win, adding that he’s already thinking about how to manage the frontcourt duo of Gafford and Dereck Lively once the rookie center gets healthy. “… It’s good to have these options. Because we didn’t have these options earlier.”

Luka Doncic, who scored 32 points on 9-of-14 shooting in just 31 minutes, embraced the newcomers, as Townsend writes. Three of Doncic’s nine assists were on baskets by Gafford, whom Luka referred to as the sort of backup center “I’ve wanted for like three years.”

“It means a lot because it gives me the opportunity to show what I’m good at,” Gafford said. “Running the floor. Running the floor. Catching lobs. Rebounding. Screaming. At the end of the day I’m just doing my job and pretty much he was helping me to my job tonight.”

Here’s more on the Mavs:

  • New Mavericks governor Patrick Dumont isn’t just a businessman who views the team as a passive investment, according to Townsend (subscription required), who spoke exclusively to one of the key members of the new ownership group about his basketball fandom, his involvement in the team’s roster machinations, and his hopes to build a new Dallas-area arena and entertainment resort. Townsend shares more of Dumont’s comments on that prospective arena and casino-resort in a separate story.
  • Appearing on 97.1 FM in Dallas with Marc Stein on Saturday (Twitter link via Mavs Film Room), Mavericks general manager Nico Harrison pushed back on a report from Tim MacMahon of ESPN, who said that Grant Williams had “personality clashes” and “rubbed a lot of people the wrong way” in Dallas. “Grant doesn’t deserve the negativity he’s getting on social media,” Harrison said. “… He was a good teammate.”
  • The second-round draft picks the Mavericks received in their trade with the Hornets are Boston’s 2024 pick and the least favorable of the Hornets’ and Clippers’ 2028 picks, MacMahon confirms (Twitter link).
  • If the top-two protected 2027 first-round pick the Mavericks sent the Hornets in that same trade ends up at No. 1 or 2 and Dallas keeps it, Charlotte will instead receive Miami’s 2028 second-round pick, reports ESPN’s Bobby Marks (Twitter link).

Southwest Notes: Cuban, Brooks, J. Green, Pelicans

Mark Cuban has clarified his role once the Maverickssale is finalized, confirming that he will continue to handle most of the team’s personnel decisions, writes Tim MacMahon of ESPN. Cuban spoke with reporters tonight after he finished a pre-game shooting session at American Airlines Arena and said he looks forward to working with the Adelson and Dumont families, who will soon have the controlling stake in the team.

“Nothing’s really changed except my bank account,” Cuban said. “I feel really good. I think it’s a great partnership. It’s what the team needed on the court and off. I’ll still be overseeing the basketball side of it, but having a partner like Patrick and Sivan (Dumont) and Miriam (Adelson) and their ability to build and to redevelop the arena and whatever comes next beyond that just puts us in a much better position to compete. That’s all. That’s what it comes down to.”

Cuban confirmed that there’s “no contractual language” in the purchase agreement that outlines his authority, but he has an understanding with the new owners about what he’ll do. He will keep a 27% stake as the Mavericks’ sole minority owner, but admitted that Patrick Dumont, who will serve as the team’s governor, will have “final say” on every decision.

Cuban expects the new owners to focus mainly on business interests, including a long-term plan to build an arena with a resort hotel and casino. He added that the new facility will be located somewhere within the city of Dallas.

There’s more from the Southwest Division:

  • Rockets forward Dillon Brooks sat out tonight’s game with a strained oblique he suffered Tuesday and the team doesn’t have a timetable for him to return, per Jonathan Feigen of The Houston Chronicle. Jae’Sean Tate took Brooks’ place in the starting lineup, Feigen adds, while rookies Amen Thompson and Cam Whitmore both got minutes in the first quarter.
  • After Tuesday’s game, Rockets coach Ime Udoka told reporters that he has “not thought about” moving guard Jalen Green to the bench, according to Michael Shapiro of The Houston Chronicle. Green has struggled in his first season under Udoka, averaging 16.7 PPG while shooting career worsts from the field (39.4%) and three-point range (31.9%). “Obviously, with [Green] playing that way, if he was playing the other way we obviously wouldn’t struggle as much offensively and have to lean on other guys as much or play other guys minutes,” Udoka said. “We’ll continue to keep him confident, continue to [help] him improve in certain areas, and he’ll take a jump eventually.”
  • The Pelicans announced the renewal of naming rights this week for Smoothie King Center, relays Rod Walker of NOLA.com. A statement from the team said the name will remain in place “for the foreseeable future.”

Southwest Notes: Morant, Smart, Cuban, Rockets, More

With Ja Morant poised to return from his 25-game suspension on Tuesday night vs. New Orleans, the Grizzlies‘ season is on the brink, as Morant’s absence and a plethora of injuries have created what Derrick Rose referred to as a “quagmire situation,” according to Baxter Holmes and Tim MacMahon of ESPN. As Holmes and MacMahon detail, “frustration has simmered” within the organization about the direction of the season, which has opened with 19 losses in 25 games.

But Morant’s teammates were all smiles on Monday as they discussed the point guard’s impending return, per Damichael Cole of The Memphis Commercial Appeal. The club’s top two scorers this season, Desmond Bane and Jaren Jackson Jr., have faced a level of defensive attention they’re not accustomed to, and they’re looking forward to sharing the court with a player like Morant, who will be able to divert much of that attention.

“(Morant) is going to have to deal with that,” Jackson said. “He’s going to have to turn left and turn right and see three dudes so that I can do what I do. He’s an All-NBA, Hall of Fame-type player, so you’re going to have to pay attention and if you do that, we’re going to punish you.”

Although Morant hasn’t suited up for the Grizzlies since April, the club has been ramping up his workload in practice and doesn’t anticipate imposing any real limitations on his playing time in his return, Cole notes.

“He’s going to play pretty significant minutes,” head coach Taylor Jenkins said. “… I won’t anticipate going crazy with his minutes, but I don’t think it’s any kind of restriction.”

Here’s more from around the Southwest:

  • Grizzlies guard Marcus Smart, who hasn’t played since November 14 due to a left foot sprain, is getting very close to returning to action, Cole writes in another Commercial Appeal story. “Marcus is really close,” Jenkins said. “… Somewhere in that Indiana (Thursday) and Atlanta (Saturday) time frame, we’re hopeful that he’ll be back in the lineup then.”
  • Following up on the Maverickssale ahead of the Board of Governors vote, Marc Stein says on Substack that Mark Cuban will retain a 27% stake in the franchise. Stein indicates that the new owners – the Miriam Adelson/Patrick Dumont group – will therefore have a 73% controlling interest, but there have been conflicting reports on whether every single one of the minority stakeholders are being bought out.
  • The Rockets‘ closing lineup has been far less predictable than its starting group, according to Jonathan Feigen of The Houston Chronicle (subscription required), who examines head coach Ime Udoka‘s tendency to go with the hot hands down the stretch of games. “That’s what I believe in,” Udoka said. “I pretty much said that the day I was hired. Minutes and roles are not going to be handed out. The guys that are playing well and units that are playing well are going to get those minutes. I think everybody knows that across the board.”
  • William Guillory of The Athletic takes a look at the similarities between Pelicans forward Zion Williamson and Spurs big man Victor Wembanyama, two No. 1 picks who were expected to be saviors for their respective Southwest clubs as soon as they entered the NBA, exploring how they’ve dealt with those expectations.

Vote On Mavericks Sale Reportedly Set For December 20

A vote on the proposed sale of the Mavericks to the Adelson and Dumont families will take place next week, writes Brad Townsend of The Dallas Morning News. A source familiar with the sale informs Townsend that commissioner Adam Silver has notified the 30 members of the league’s Board of Governors that the vote will be taken at a December 20 meeting.

Townsend’s source also says there will be only two parties remaining as shareholders once the sale is finalized. The Adelsons and Dumonts will serve as majority owners, with Mark Cuban holding a “sizeable stake” as the minority owner.

That means the five current minority owners have decided to cash out, Townsend explains. That list includes two previous majority owners, Ross Perot Jr. and the family of franchise co-founder Donald Carter.

Scheduling the vote indicates that the league has already finished vetting the new ownership group, which is led by Sands Corp. majority shareholder Miriam Adelson and her son-in-law, Patrick Dumont, who is president of the Sands Corp., Townsend adds.

The new owners are expected to be approved by a comfortable margin, according to Townsend. He notes that Adelson and Dumont have an estimated worth of about $33 billion, which would rank them among the wealthiest owners in U.S. professional sports, trailing only Clippers owner Steve Ballmer and the Walton family, which owns the NFL’s Denver Broncos.

The Adelson-Dumont family will need support from at least three-fourths of the Board of Governors for the sale to be approved.