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NEW YORK (CBS SPORTS) - Mark Cuban always holds court with the media when his Mavericks make their annual visit to Madison Square Garden. On Sunday, he said he’d support Seattle’s efforts to return to the NBA.
“As long as it’s not an expansion team, yes,” Cuban said. “I voted against the move because I thought it was wrong to leave Seattle. I’d be all for a team going back to Seattle. But it would have to be a team that moves. I’d be against any type of expansion.”
Plans for a $490 million arena aimed at attracting an NBA and NHL team to Seattle were unveiled this week, with a $290 million commitment from investors led by Seattle native and hedge-fund manager Chris Hansen. The balance of the funds would come from tax revenues generated by the building and rent paid by the teams, according to the plan.
But with the NBA already in a state of overexpansion, the irony for Seattle is that its path back to the NBA would have to entail doing what Oklahoma City did to Seattle in 2008: luring a team from somewhere else. The likely suspects are Sacramento and New Orleans, where both NBA teams are facing uncertain arena situations.
“Teams go in cycles,” Cuban said. “When you’re at the top of the cycle, like Sacramento when they were winning, they were selling out every game and it was one of the hardest places to play. But it’s really how the market supports the team when you suck.”
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