Technological acumen allowed Mark Cuban to become a self-made billionaire.
So when the owner of the Dallas Mavericks gifted $5 million to Indiana University, his alma mater, the donation was fittingly targeted toward helping others get ahead of the curve in an increasingly digital world.
Cuban appeared in Bloomington on Friday afternoon to help announce plans for the Mark Cuban Center for Sports Media and Technology, a state-of-the-art facility scheduled to be completed in 2017.
To be constructed inside Assembly Hall, home to the Hoosiers’ men’s and women’s basketball programs, the technology center is set to allow communications and broadcast students to use equipment that Cuban said isn’t even on the market yet.
"We are extremely grateful to Mark Cuban for his remarkable generosity and his commitment to ensuring that Indiana University remains at the forefront of preparing our graduates for highly successful and rewarding careers," school President Michael McRobbie said in a statement.
McRobbie added that production of 3-D replay and virtual-reality videos could benefit student-athletes as they prepare for competitions.
During Cuban’s 15 years of NBA ownership, he has been regarded as a trend-setter within the league in terms of ushering in an era of technology and data collection. He wanted to bring part of that mission back to his college stomping grounds.
"I am so excited to work with Indiana University to bring us into the future of sports media, broadcasting and analytics," Cuban said in a statement.
The Pittsburgh native graduated from the Kelley School of Business in 1981, then founded multiple successful computer and Internet businesses.
Indiana claims it will be the first university in the nation to house a 3-D studio. The school said the 3-D graphics from Orad Hi-Tec Systems would be used to better the fan experience with video board elements, athlete and coach interviews and for pregame, halftime and postgame shows on live-stream events.