Mark Cuban Thinks New Bucks Owners Got a Great Deal
(MEMPHIS, Tenn.) -- Even though the Milwaukee Bucks were the worst team in the NBA during the 2013-2014 season, Dallas Mavericks owner Mark Cuban thinks the new owners of the team got a real bargain.
Recently, longtime Bucks owner Herb Kohl recently agreed to sell the team to hedge-fund billionaires Wesley Edens and Marc Lasry for $550 million.
"I think they got off cheap," Cuban said. "I think that was a bargain. I think it's worth a lot more than that. I think someone got a bargain. You can't look backwards. You've got to look forward. You don't value teams based off what happened in the past."
Back in January, Forbes valued the franchise at $405 million, which was the lowest among the 30 NBA teams.
Cuban also went on to suggest that the true value of an NBA franchise is around $1 billion.
Back in 2000, Cuban purchased the Mavericks for $285 million. They were recently valued now at $765 million, eighth-highest among NBA teams.
Copyright 2014 ABC News Radio