The stage is set for the NBA Finals, which begin Thursday, as the Celtics take on the Mavericks, with Dallas trying to accomplish the rare feat of winning a championship in the first year under new ownership. In December, Mark Cuban (above) sold his majority stake in the Mavs to Miriam Adelson and her family in a deal that valued the franchise at $3.5 billion. Now, not even six months later, the team is on the cusp of its second title ever. 

Most recently, the Rockets won the 1994 NBA title (and the ’95 Finals) after Leslie Alexander purchased the franchise for $85 million the previous offseason. In the middle of the 2022–23 season, Mat Ishbia bought the Suns, who made the NBA Finals in ’21, for $4 billion. But despite a blockbuster trade at the deadline for Kevin Durant, Phoenix flamed out in the second round.

Dreamin’ Big in Big D

In the wake of December’s sale, Cuban—who bought the Mavericks for $285 million in 2000—notably said that nothing had really changed “except my bank account.” But the reality is that while Cuban is continuing to oversee basketball operations, his equity in the team is down to 27%.

Sports betting won’t be legal in Texas until at least 2025—and potentially longer—but the big dream for the Mavericks owners is a new arena and casino complex in downtown Dallas. Cuban hasn’t been shy about his desire to re-create a Venetian-like resort, with his basketball team’s venue at the center of it. The Mavs’ lease at American Airlines Center runs through ’31.

Winning the NBA Finals would not only go a long way in creating further positive fan sentiment, but also drive Dallas’s franchise valuation even higher. The previous three NBA champions have seen their valuation grow by an average of $1.25 billion from the season before, according to annual estimations by Forbes.

Costly for the C’s

Not to be forgotten are the Celtics, who just happen to own home court advantage and are the betting favorites (around -225 at many sportsbooks) to hoist the Larry O’Brien Championship Trophy. It would be the first title for Boston since 2008, and the second under the current ownership group, which is led by Wyc Grousbeck who bought the franchise for $360 million in ’02.

This season, the Celtics paid $39.75 million in luxury tax (fifth highest in the NBA) on top of a $183.6 million payroll (fourth highest in the league). For comparison, the Mavericks had the 16th-ranked payroll, $163.6 million, and did not pay luxury tax. Winning a record 18th NBA championship would certainly help Boston justify its projected $193.9 million payroll and nearly $54 million tax bill next season (both figures third in the NBA, according to Spotrac).

Already in the midst of a significant franchise crossroads, the Bears are now essentially involuntary participants in one of the NFL’s key promotional showcases.

The league, NFL Films, and HBO announced late last week that the team will be featured in the training camp edition of Hard Knocks, the oldest and most well-known version of the long-running documentary series that has now grown into three different editions when also considering separate in-season and offseason iterations. 

On one level, the selection of the Bears to fill the training camp slot this year is not surprising, particularly after the April selection of quarterback Caleb Williams (above) with the No. 1 pick in the draft, and NFL Films senior director and supervising producer Shannon Forman said in a statement that the league outlet was “honored to feature such an iconic NFL franchise.”

But there’s a sizable hitch there: Team ownership has actively avoided for years being part of Hard Knocks, and as recently as the annual NFL meetings in March, Bears chairman George McCaskey said, “We’re told there is some interest in other teams being on the program, and we welcome that interest.” Hardly the first such comment, McCaskey has been a consistent opponent of being in Hard Knocks since soon after its 2001 debut, but the Bears were one of just three teams this year that the league could force to participate.

Like many other teams, McCaskey’s aversion has stemmed from a reluctance to invite distractions, both real and imagined, that come with a film crew extensively chronicling team operations during training camp. 

Despite the ongoing resistance from various teams, including the Bears, there’s a reason the NFL and its partners continue to push Hard Knocks, even into its third decade of existence: ratings. Last year’s training camp version featuring the Jets garnered a 13-year viewership high, averaging 4.4 million viewers per episode—a particularly strong number for any summertime programming. 

Stadium Matters

The prevailing storylines of Hard Knocks, particularly for the training camp version, typically focus on roster development, rookie cuts, and overall on-field preparation for the upcoming season—and as a result don’t tend to focus as much on off-field business matters. But for the Bears, such concerns are arguably the dominant issue surrounding the team, and maybe even more than the arrival of Williams. 

The Bears are in the midst of trying to develop a new $4.7 billion stadium on the Chicago lakefront, but there are mounting obstacles there. Most recently, the Illinois state legislature concluded its spring session without taking up any funding proposal related to the proposed facility.

But that issue could still intersect with Hard Knocks, and give the team further visibility as it pursues as much as $2.4 billion in public funding for the stadium. To that end, Bears president and CEO Kevin Warren referenced the series providing “our passionate fans across the world the ability to experience this unique and critical time in the history of our franchise.”