Dallas Mavericks owner Mark Cuban believes that one of the NBA’s marketing deals is “a scam,” and he said Monday that he banned the product from the team’s locker room.
Cuban made his opinion clear in a video he posted to YouTube last week in which he criticized Power Balance bracelets before throwing the display case that was in the Mavericks’ locker room in the garbage.
“See this stuff?” Cuban said on the video, grabbing the display. “It was a scam when they were on ‘Shark Tank.’ It’s still a scam. I don’t care if the NBA was dumb enough to sign an agreement; this is going where it belongs.”
“No, I’m allergic to scams,” Cuban said on the February episode of “Shark Tank.” “Seriously, this is not new. It’s been disproven. What you saw is the placebo effect. There’s athletes that wear it. It’s a joke. It’s a scam. It’s not real.”
Well, yay. But it took way too long and fans were likely duped into spending tons of money on these devices. Last year at this time, Power Balance had already filed for bankruptcy and they had already been booted out of legitimacy. So it took them well over a year to come to this conclusion? I’m not feeling confident that the team trainers are coherent. Or…. money?