Dirk Nowitzki

Kevin Jairaj-USA TODAY Sports

38 Years Ago Today, The Dallas Mavericks Franchise Was Born

May 01, 2018 - 10:53 am

DALLAS (105.3 The Fan) - 38 years ago to the day, Don Carter was granted an expansion basketball franchise. That franchise became the Dallas Mavericks. 

The Mavericks sent out a tweet on Tueday to mark the occassion. 

Carter made the initial $12 million investment of his own money to get the team off the ground, and according to Carter, he did it because his wife loved basketball. But after many tough seasons, Carter sold the team in 1996 to an investment team led by Ross Perot Jr. who then sold it to Cuban. But Carter’s love for the Mavericks never died, as his family still holds a minority stake in the team to this day.

Carter passed away at his Uptown Dallas home on February 14. He was 84-years-old. Following his passing, Cuban told dallasbasketball.com that the team will retire Carter's iconic "white Stetson cowboy hat."