“We’re looking forward to seeing everyone in the building,” said Naismith Memorial Basketball Hall of Famer Welts, who on Jan. 1 succeeded the retired Cynt Marshall as CEO. During his 47-year career, Welts also has overseen business operations of the Phoenix Suns and Golden State Warriors.

In Chime Financial’s IPO prospectus on Tuesday, the company disclosed terms of its sponsorship deal with the NBA’s Dallas Mavericks.

Everybody was dying of laughter, like muffling their laughter, looking at each other like 'Are you kidding me? The Dallas Mavericks?'" he continued. The Mavs only had a 1.8 percent chance of winning the 2025 NBA Draft Lottery.

Monday was an eventful day in the NBA. Not only did Shams Charania of ESPN report that Giannis Antetokounmpo is open to leaving the Milwaukee Bucks for the first time in his career, but the Dallas Mavericks also won the 2025 draft lottery.

Luka Doncic signed a 'Fire Nico' Mavericks jersey, and it is now up for auction with the current bid at over $1,000.