Dallas Mavericks owner Mark Cuban has received a bill for the cost of a parade honoring the NBA champions, which he has pledged to pay out of his own pocket.

City officials determined the cost of the June 16 downtown celebration came to $340,947. City spokesman Frank Librio said Thursday the bill was sent straight to Cuban, who has agreed to pay promptly.

According to the city's summary sheet, the largest expense, at $270,715, was for the 540-strong police presence.