Current:Home > StocksMark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale -FinTechWorld
Mark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale
View
Date:2025-04-15 06:08:37
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! (7888)
Related
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- 5 Israeli soldiers killed in Gaza by their own army's tank fire
- NASCAR All-Star race 2024: Schedule, format, entries, how to watch weekend events
- California mom accused of punching newborn son, leaving him with 16 broken bones
- Stamford Road collision sends motorcyclist flying; driver arrested
- Bridgerton Season 3 vs. the books: Differences in Colin and Penelope's love story
- Donald Trump will address the NRA in Texas. He’s called himself the best president for gun owners
- Nicola Coughlan on what makes that 'Bridgerton' carriage scene special: 'It's sexy'
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- How many points did Caitlin Clark score last night? What she did in first home game for Fever
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Scheffler starts his day in jail, then finds peace and a chance to win in the midst of all the chaos
- Donald Trump will address the NRA in Texas. He’s called himself the best president for gun owners
- College awards popular campus cat with honorary doctor of litter-ature degree
- Senate begins final push to expand Social Security benefits for millions of people
- Kristin Cavallari Details Alleged Psycho Stalker Incident
- 'House of the Dragon' Season 2: Release date, cast, where to watch 'Game of Thrones' prequel
- Why Jessica Biel Almost Quit Hollywood
Recommendation
Nevada attorney general revives 2020 fake electors case
Climate Jobs Are Ramping Up, But a ‘Just Transition’ Is Necessary to Ensure Equity, Experts Say
Shohei Ohtani Day to be annual event in Los Angeles for duration of his Dodgers career
2024 Academy of Country Music Awards: The complete winners list
'Most Whopper
Xander Schauffele off to historic start at PGA Championship. Can he finally seal the deal?
The making of the Sports Illustrated Swimsuit Issue
Scottie Scheffler emerges from wild PGA Championship ordeal looking like a real person