Current:Home > NewsMark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale -TradeCircle
Mark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale
View
Date:2025-04-24 15:35:30
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! (4652)
Related
- This was the average Social Security benefit in 2004, and here's what it is now
- Hyundai recalls nearly 50,000 of its newer models for airbag issues
- Horoscopes Today, August 2, 2024
- Deadly force justified in fatal shooting of North Carolina man who killed 4 officers, official says
- Sonya Massey's father decries possible release of former deputy charged with her death
- Surviving the inferno: How the Maui fire reshaped one family's story
- Miss Teen West Virginia Has the Perfect Bounce Back After Falling Off Stage at Competition
- Freddie Freeman's wife explains All-Star's absence: 'Scariest days of our lives'
- Rylee Arnold Shares a Long
- 2026 Honda Passport first look: Two-row Pilot SUV no more?
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Appeals court: Separate, distinct minority groups can’t join together to claim vote dilution
- Golfer Tommy Fleetwood plays at Olympics with heavy heart after tragedy in hometown
- 2024 Paris Olympics golf format, explained: Is there a cut, scoring, how to watch
- All That You Wanted to Know About She’s All That
- 'Bill & Ted' stars Keanu Reeves, Alex Winter to reunite in new Broadway play
- U.S. employers likely added 175,000 jobs in July as labor market cools gradually
- 'You're going to die': Shocking video shows Chick-fil-A worker fight off gunman
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
US equestrian jumping team made last-minute lineup change, and won Olympic silver — again
Surgical castration, ‘Don’t Say Gay’ and absentee regulations. New laws go into effect in Louisiana
Baseball team’s charter bus catches fire in Iowa; no one is hurt
Military service academies see drop in reported sexual assaults after alarming surge
Memphis, Tennessee, officer, motorist killed in car crash; 2nd officer critical
Netflix announces release date for Season 2 of 'Squid Game': Everything you need to know
Increasing wind and heat plus risk of thunderstorms expected in fight against California wildfire