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OTRC: Mark Cuban earns a regular spot on ABC's 'Shark Tank' billionaire panel

Mark Cuban appears in still from ABC's 'Shark Tank.' (ABC/Craig Sjodin)

Mark Cuban is set to return to ABC's critically-acclaimed reality investment show "Shark Tank," when it returns for its third season in the fall.

The hi-tech billionaire entrepreneur and owner of the NBA Champion Dallas Mavericks stole the spotlight when he participated in several episodes last season and will become a regular member of the show's billionaire panel, appearing on 10 of the 13 episodes.

In each episode of the show, the billionaire "Sharks" offer investment deals to innovative entrepreneurs and during the season, they offered over $10 million of their own money to promising start-ups.

The other investors include real estate mogul and best-selling author Barbara Corcoran, infomercial industry pioneer Kevin Harrington, serial entrepreneur and cyber security president Robert Herjavec, FUBU clothing founder and president Daymond John and software entrepreneur and financial expert Kevin O'Leary. The second season also featured comedian Jeff Foxworthy and Cuban as guest investors.

In the first season, the Sharks made investment commitments totaling $5 million and viewers had the opportunity to see how those investments turned out in follow-up stories interwoven into last season's episodes. In the second season, the Sharks offered over $10 million for investment deals, including one $4 million offer.

The show is based on the Japanese series "Dragons' Den," created by Nippon Television Network Corporation.

"Shark Tank returns for its third season on Fridays at 9 p.m. ET on ABC, midseason this fall.

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