Mark Cuban will wave green flag at Indy 500

Dallas Mavericks owner Mark Cuban will be the one waving the green flag when the 33-car field roars down the frontstretch to start the 98th Indianapolis 500 on Sunday.

Cuban, who also stars in ABC's "Shark Tank," is the honorary starter of the event, Indianapolis Motor Speedway announced Monday. The race starts at noon ET on ABC.

Cuban, who bought the Mavericks in 2000 and has an NBA championship under his belt from 2011, graduated from Indiana University.