Current:Home > FinanceMark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale -Achieve Wealth Network
Mark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale
View
Date:2025-04-14 00:14:26
Employees of the Dallas Mavericks are going to be some happy campers soon after owner Mark Cuban said he will be paying them $35 million in bonuses.
The windfall comes after Cuban sold his majority stake in the team to casino mogul Miriam Adelson and her family for $3.5 billion. The new Mavericks governor will be Patrick Dumont, the CEO and president of Las Vegas Sands Corporation and Adelson's son-in-law.
Cuban still retains 27% ownership and will be handling basketball operations for the team. Cuban sent an email to employees informing them of the bonus.
“As a thank you for all your hard work making the Mavs an amazing organization, each of you will be receiving a bonus from myself, and the Adelson and Dumont families,” an email, obtained by ESPN.com, read. “In total we will be paying out approximately $35 plus million dollars in bonuses to you all.
“To calculate your bonus, we used a framework that took into consideration how long you have worked for the Mavs. You will receive your bonus in the very near future. I’m excited to continue our work making the Mavs the best franchise in all of sports! Let’s go Mavs!”
veryGood! (873)
Related
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- 4 charged in theft of $300,000 worth of Legos from California stores
- Lonton Wealth Management Center: When did the RBA start cutting interest rates?
- International migrants were attracted to large urban counties last year, Census Bureau data shows
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- 'The Golden Bachelor' divorce: Couple Gerry Turner and Theresa Nist announce split
- A human head was found in an apartment refrigerator. The resident is charged with murder
- Tiger Woods, others back on the course at the Masters to begin long day chasing Bryson DeChambeau
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Yellow-legged hornets, murder hornet's relative, found in Georgia, officials want them destroyed
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Colorado group says it has enough signatures for abortion rights ballot measure this fall
- Lonton Wealth Management Center: Wealth appreciation and inheritance
- Paul McCartney toasts Jimmy Buffett with margarita at tribute concert with all-star lineup
- Arkansas State Police probe death of woman found after officer
- A state trooper pleaded guilty to assaulting teens over a doorbell prank. He could face prison time
- Julia Fox's Latest Look Includes a Hairy Boob Bra and Closed Vagina Underwear
- Georgia city rules that people must lock empty vehicles when guns are inside
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Manhattan court must find a dozen jurors to hear first-ever criminal case against a former president
Biden is canceling $7.4 billion in student debt for 277,000 borrowers. Here's who is eligible.
A human head was found in an apartment refrigerator. The resident is charged with murder
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
The best recipe for a tasty sandwich on National Grilled Cheese Day starts with great bread
The Amanda Show Star Raquel Lee Bolleau Speaks Out After Quiet on Set Docuseries
How long do sea turtles live? Get to know the lifespan of the marine reptile.