Jan 15, 2009 9:34 AM EST

The NBA is looking into an incident on Tuesday night when Dallas owner Mark Cuban exchanged words with Denver guard J.R. Smith at halftime of a game.

An NBA spokesman said on Wednesday that "we are reviewing the events of [Tuesday] night".

The league is also looking into whether Cuban verbally abused an official as he exited the court.

Cuban could be seen shouting after Chauncey Billups made two free throws in the final seconds for the game-winning points following a questionable foul call against Jason Terry.

Smith could be fined or suspended before Denver's game on Thursday after he threw an elbow that upset Cuban, starting the conversation at halftime.

"As far as getting fined, I should get a medal instead. There was a real opportunity for the situation to escalate into something bad. I made it clear to our guys not to retaliate and that I would address it with the officials and the player, which I did," Cuban said. "The real question is why, given the history of the player involved, the Nuggets and NBA officials didn't have the least bit concern about this situation escalating into something ugly. They are playing it off like throwing elbows away from the play at someone's head is 'just part of the game.' Let's really hope it's not."

Via ESPN