The Dallas Mavericks have appointed Rick Welts, a basketball Hall of Famer and former president of the Golden State Warriors, as their new president and CEO. Welts will replace Cynt Marshall, who is retiring in 2024. This move fuels speculation about the Mavericks' plans for a new arena, especially given Welts' experience overseeing the construction of the Chase Center in San Francisco.
The Dallas Mavericks have hired Rick Welts , former president and COO of the Golden State Warriors and a member of the Naismith Memorial Basketball Hall of Fame, as president and CEO. He will replace Cynt Marshall, who is retiring at the end of 2024.during his 46 years as an NBA executive, among the most recent was the seven years he spent overseeing the development, construction and 2019 opening of San Francisco’s $1.4 billion Chase Center .
“I think the Mavericks need to do what’s right for the Mavericks and Las Vegas Sands needs to do what’s right for Las Vegas Sands,” Dumont said. “If you end up working together and coinciding, that’s a dream come true.Besides, Welts knows from experience how long the process can take to build an arena.
“Listen, my job at the end of the day is a pretty simple formula,” he said. “Financial success creates more resources to invest in your team. The hope is we can continue to build a foundation that allows the Mavericks to compete for the best players out there.”Dumont describes himself as an arena buff of sorts. Sands owns and operates several new and refurbished arenas around the world.
. Further updates to AAC are in long-range plans. As a co-tenant of AAC, including sharing concert and other arena revenue with the Stars, it’s in the Mavericks’ best interest to keep updating AAC — but for how much longer, and at what costs?Unnoticed by media, Welts came to Dallas on Nov. 19, toured AAC with Mavericks general manager Nico Harrison and sat next to Harrison for that night’s Mavericks-New Orleans game.“You know, it’s tired,” Welts said of AAC. “It needs to be freshened up.
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