Current:Home > MarketsMark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale -EliteFunds
Mark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale
View
Date:2025-04-17 04:36:36
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! (2)
Related
- A White House order claims to end 'censorship.' What does that mean?
- Mahomes, Kelce are headed to the Super Bowl after Chiefs shut down Ravens 17-10
- Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
- In Oregon, a New Program Is Training Burn Bosses to Help Put More “Good Fire” on the Ground
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Zebras, camels, pony graze Indiana highway after being rescued from semi-truck fire: Watch
- Biden and senators on verge of striking immigration deal aimed at clamping down on illegal border crossings
- South Carolina town mayor is killed in a car crash
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Takeaways from the AP’s investigation into how US prison labor supports many popular food brands
Ranking
- Current, future North Carolina governor’s challenge of power
- US safety agency closes probe into Dodge and Ram rotary gear shifters without seeking a recall
- Three Americans killed, ‘many’ wounded in drone attack by Iran-backed militia in Jordan, Biden says
- Chiefs' path back to Super Bowl stage looked much different than past runs
- Rylee Arnold Shares a Long
- There’s a wave of new bills to define antisemitism. In these 3 states, they could become law
- Fact-checking Apple TV's 'Masters of the Air': What Austin Butler show gets right (and wrong)
- Jay Leno petitions to be conservator of wife Mavis' estate after her dementia diagnosis
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
49ers vs. Lions highlights: How San Francisco advanced to Super Bowl 58 vs. Chiefs
Brock Purdy, 49ers rally from 17 points down, beat Lions 34-31 to advance to Super Bowl
Walmart’s latest perk for U.S. store managers? Stock grants
In ‘Nickel Boys,’ striving for a new way to see
Lions are being forced to change the way they hunt. It's all because of a tiny invasive ant, scientists say.
Biden and senators on verge of striking immigration deal aimed at clamping down on illegal border crossings
Will Taylor Swift attend Super Bowl 58 to cheer on Kansas City Chiefs' Travis Kelce?