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Many NBA owners would be happy to own a franchise worth $765 million, but Mark Cuban says Forbes' valuation of the Dallas Mavericks is "way too low."
|Mavs owner Mark Cuban says he believes every NBA franchise will be worth $1 billion in five years.|
Forbes has the Mavericks eighth in its ranking of NBA team values, but Cuban said if prospective buyers offered him the magazine's valuation of $765 million, he would "laugh at them."
"I think we're worth well over a billion," Cuban said, according to the Dallas Morning News. "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 may be optimistic, considering Forbes valued 11 of the league's 30 teams at under $500 million. The New York Knicks top Forbes' list at $1.4 billion, while the Milwaukee Bucks were ranked as least valuable at $405 million.
Cuban, who's owned the Mavs since 2000, then joked it would cost "$100 trillion" -- literally more than all the money in the world in terms of gross world product -- to pry his team away from him.
The outspoken owner also said he wants the Mavericks to become a family business.
"I hope so," he said. "I always tell my kids it's their empire to [mess] up."