R
ick Welts, a Naismith Basketball Hall of Famer with a successful career, was hired as CEO of the Dallas Mavericks, signaling plans for a new stadium. Welts, known for his work with the Golden State Warriors, will play a key role in the Mavericks' vision for a new arena. The team's lease at the American Airlines Center expires in 2031, and there are discussions about a potential casino resort partnership. With the Adelson family now owning a controlling interest in the franchise, there are hopes for growth in North Texas. The Mavericks, valued at $4.46 billion, have seen recent success and are poised for further growth under Welts' leadership.