Mark Cuban, Owner of the Dallas Mavericks NBA Franchise, Investor, Tech Enthusiast and television’s ‘Shark Tank’ star is making headlines for literally trashing an Officially licensed NBA Brand product called ‘Power Balance’ Bracelets.
“Balance bracelets were a scam when I drilled them on shark tank and they still are a scam. No chance I let them I our locker room.” Mark Cuban posted on his Official YouTube page.
In the video (See at the top of this page) Mark is seen discovering the Point of sale display in the Mavericks locker room , throwing a bit of verbal abuse at the NBA and at the products he calls “a scam” and chucking the display and products in a trash can. Mark insists he has already “drilled” the products on his show and has banned them from his team’s locker room.
“See this stuff?” “It was a scam when they were on ‘Shark Tank, and 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.”
At that point, Cuban put the display case in a trash can.
“But have no fear, we do recycle.” Mark says while dumping the products in the trash.”What are you thinking, NBA?”
Power Balance LLC has already been involved in a $57 million false advertisement settlement in late 2011.
The bracelets are rubber like a typical “LiveStrong” bracelet and carry a hologram that is supposedly based on Eastern principles of wellness and to bring balance to the wearer. The top markets such as Los Angeles & New York branded Power Balance Bracelets are available now and eventually all 30 NBA teams will have a licensed version with their team logo on it and retail for $32.99 on the NBA’s Official site.
Learn more about the history of this product.