Longtime Mavs executive Terdema Ussery to resign
The Dallas Mavericks announced today that Terdema Ussery will resign his position as President and CEO after 18 years of leadership effective August 30th to join Under Armour as President of Global Sports Categories.
In Ussery’s first season with the Mavericks, he led a successful campaign that resulted in $240 million in public funding for the construction of the American Airlines Center and actively participated in the architectural selection, design and construction of the building. Ussery was also intimately involved in securing the naming rights partnership with Dallas/Fort Worth based American Airlines for the downtown facility.
Under his direction, the club has more than tripled revenue and exponentially increased its media and digital footprint by establishing new and expanding existing media partnerships across multiple platforms. Additionally, the Dallas Mavericks Foundation has distributed over $1 million to over forty agencies whose aim and mission is to improve the lives of those in need in the DFW metroplex.
“It’s been an extraordinary honor to have sat in the CEO’s chair for the past 18 years. I want to thank Ross Perot, Jr. for the opportunity to come to Dallas and especially thank Mark Cuban, who invited me to stay. Working alongside him these past 15 years has been nothing short of amazing. I know the fans agree with me that we are extremely lucky to have him as the owner and steward of our Dallas Mavericks. Finally, I want to express my gratitude to the fans, our sponsors and most importantly, the incredible staff I’ve had the privilege of working with in Dallas. Our objective has always been to be the best organization in sports and I have full confidence that they will continue in that pursuit under the leadership of Floyd Jahner and the rest of the executive leadership team,” Ussery said.