HomeCelebsMark Cuban is exiting ‘Shark Tank’ after Season 16: ‘It’s time’

Mark Cuban is exiting ‘Shark Tank’ after Season 16: ‘It’s time’

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He’s sealing his final deal.

Businessman Mark Cuban announced Monday that he will be leaving the popular ABC show “Shark Tank” after appearing on the show for 13 seasons.

“This is our 15th year, and next year, our 16th year, is gonna be my last year,” Cuban, 65, shared on the “All the Smoke” podcast. “So I got one more year to go.”

Talking with hosts Matt Barnes and Stephen Jackson, Cuban stated that “it’s time” for him to move on from the show after joining full-time in 2012.

Despite Cuban’s announcement, ABC has yet to confirm the business mogul‘s departure.

The Post reached out to Cuban and the network for comment.

“Shark Tank” started airing in August 2009 with John Daymond, Barbara Corcoran, Robert Herjavec and Kevin O’Leary as the four main “Sharks.”

Cuban later appeared as a guest judge in Season 2 before becoming the fifth investor in Season 3.

“I love it because it sends the message the American dream is alive and well,” Cuban said about the series.

Cuban later appeared as a guest judge in season 2 of the show before becoming the 5th investor in season 3. ABC/CRAIG SJODIN
Despite Cuban’s announcement, ABC has yet to confirm the business mogul’s departure. Stephen Lovekin/Shutterstock for AWNewYork

“I feel like in doing ‘Shark Tank’ all these years, we’ve trained multiple generations of entrepreneurs that if somebody can come from Iowa or Sacramento or wherever, and show up on the carpet of Shark Tank and show their business and get a deal, it’s going to inspire generations of kids.”

“That’s what happens, right? Now we’ve got people coming on saying I watched you when I was 10 years old,” Cuban laughed. ” I’m like, f—k. But we’re helping them right? I’ve invested in, I don’t know how many hundreds of companies.”

The Mavericks owner also told listeners his one takeaway from the show.

“This is our 15th year, and next year, our 16th year, is gonna be my last year,” Cuban, 65, shared on the “All the Smoke” podcast. “So I got one more year to go.” SHOWTIME Basketball
Dallas Mavericks owner Mark Cuban announced that he plans to leave the show “Shark Tank” after it’s 16th season. Christopher Willard/ABC via Getty Images

“The harder they have to try to sell, the worse the deal,” he stated. “The longer the backstory, the worse the deal. Meaning, the minute you start telling me how hard it was for you? It’s hard for every motherf–king entrepreneur.”

“I don’t need to hear your backstory,” he explained. “Tell me about your business, tell me why you are going to be successful. Tell me what’s different about it. Tell me how you stand out.”

“I look for ideas [where I’m] like, ‘Damn, why didn’t I think of that.”

According to Cuban, the real reason was to spend more time with his family and kids Alyssa and Alexis and son Jake. Disney General Entertainment Content via Getty Images

In June, Cuban and fellow investor O’Leary, 69, came to blows after the investor dismissed Cuban’s idea that in order to succeed, businesses needed to be “woke.”

“You want to sell everybody everything all of the time. When you get involved in partisan issues, you basically lose 50% of your constituency,” O’Leary said on “Fox and Friends.”

“Why you would do that when you’re a consumer goods or service company, everybody’s learning, makes absolutely no sense,” he stated.

Several fans of the show were upset to hear the news of Cuban’s departure.

“That sucks. Mark Cuban was the best one. He was the best at marketing and strategy,” one person lamented.

“Winners like @mcuban know when to leave the deal. Well done,” another fan wrote.

“His last episode should be him saying ‘…and for those reasons, I’m out’ and walk out,” a third person laughed.

According to People, this is not the first time the Texas businessman has flirted with the idea of leaving the show.

Last year, Cuban told that outlet that he was “committed to come back for season 15 next year” but “after that, you know, I don’t know yet.”

“And it’s not cause I don’t love the show. I absolutely love the show,” Cuban stated. “I love what it represents. I love that kids watch it. And now we have entrepreneurs coming on that started watching when they were 12, 13, 14 years old.”

According to Cuban, the real reason was to spend more time with his family and kids.

“My daughter’s in college now … when they were all in high school, all their schedules aligned. And so it was really easy to do the show,” he explained. “But now, you know, family first, always. And so I wanted to try to make sure I spent as much time with my daughter as I can, and my family as I can.”




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