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Ted Stepien Biography »
Theodore J. "Ted" Stepien (June 9, 1925 – September 10, 2007) was the owner of the National Basketball Association's Cleveland Cavaliers from 1980 to 1983. After becoming wealthy as the founder of Nationwide Advertising Service, Stepien purchased the Cavaliers on April 12, 1980. A December 6, 1982 article in The New York Times described the Cavaliers during Stepien's ownership as "the worst club and most poorly run franchise in professional basketball."