Current:Home > InvestMark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale -WealthPro Academy
Mark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale
View
Date:2025-04-18 11:22:47
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! (2777)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- John Cena Shares NSFW Confession About Embarrassing Sex Scenes
- Little League World Series live: Updates, Highlights for LLWS games Thursday
- NWSL scraps draft in new CBA, a first in US but typical elsewhere in soccer
- Meta releases AI model to enhance Metaverse experience
- Daniela Larreal Chirinos, 5-time Olympic cyclist for Venezuela, dies in Las Vegas at 51
- Arkansas Supreme Court upholds rejection of abortion rights petitions, blocking ballot measure
- New Federal Report Details More of 2023’s Extreme Climate Conditions
- Small twin
- Arkansas Supreme Court upholds rejection of abortion rights petitions, blocking ballot measure
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Flick-fil-a? Internet gives side eye to report that Chick-fil-A to start streaming platform
- Arkansas Supreme Court upholds rejection of abortion rights petitions, blocking ballot measure
- Disney x Kate Spade’s Snow White Collection Is the Fairest of Them All & Everything Is an Extra 40% Off
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- PBS’ Judy Woodruff apologizes for an on-air remark about peace talks in Israel
- 4 bodies found inside the Bayesian, Mike Lynch family yacht, amid search
- Delaware State travel issues, explained: What to know about situation, game and more
Recommendation
New data highlights 'achievement gap' for students in the US
Your college student may be paying thousands in fees for a service they don't need
Former New Hampshire lawmaker loses right to vote after moving out of his district
Tennis Star Aryna Sabalenka Details Mental Health Struggles After Ex Konstantin Koltsov's Death
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Joey Lawrence Accused of Cheating on Wife Samantha Cope With Actress Melina Alves in Divorce Docs
Missouri Supreme Court blocks agreement that would have halted execution
National Public Data confirms massive data breach included Social Security numbers