The Dallas Mavericks are also known by the nickname Mavs. They are located in Dallas, Texas. According to a Forbes magazine that was released this year of 2012 the team is known to be the 4th most valuable basketball team in the United States. The value of the team is about $497 million. The teams that pass the value of the Mavericks are the New York Knicks, Los Angeles Lakersa and Chicago Bulls. The Mavericks have won 3 division titles; one in 1987, 2007, and another in 2010. The one two conference championships: 2006, and 2011, and they won one NBA championship in 2011.