The Dallas Mavericks (often referred to as the Mavs) are a professional basketball team based in Dallas, Texas. They are members of the Southwest Division of the Western Conference of the National Basketball Association (NBA). According to a 2012 Forbes Magazine report, they are the fourth-most valuable basketball franchise in the United States, valued at approximately $497 million; the franchise is surpassed in value only by the New York Knicks, the Los Angeles Lakers and the Chicago Bulls. Since their inaugural 198081 season, the Mavericks have won three division titles (1987, 2007, 2010), two conference championships (2006, 2011), and one NBA Championship (2011). In 1979, businessman Don Carter and partner Norm Sonju requested the right to bring an NBA franchise to Dallas, Texas. The last professional basketball team in Dallas had been the Dallas Chaparrals of the American Basketball Association, which moved to San Antonio in 1973 to become the San Antonio Spurs.
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