Current:Home > ContactMark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale -Elevate Capital Network
Mark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale
View
Date:2025-04-16 04:04:53
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! (75328)
Related
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Biden says Israel has extended new cease-fire proposal
- Watch: Rabbit's brawl with snake brings South Carolina traffic to a halt
- The Truth About Marilyn Monroe's Final Hours and More Devastating Details in The Unheard Tapes
- Trump issues order to ban transgender troops from serving openly in the military
- Mexico’s drug cartels and gangs appear to be playing a wider role in Sunday’s elections than before
- What's next after Trump's conviction in his hush money trial? How he might appeal the verdict
- Biden says Israel has extended new cease-fire proposal
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Man accused of killing nursing student Laken Riley pleads not guilty in Georgia court
Ranking
- All That You Wanted to Know About She’s All That
- Jennifer Lopez cancels This is Me ... Now tour to spend time with family: I am completely heartsick
- Romance Writers of America falls into bankruptcy amid allegations of racism
- Three Maryland family members fatally shot, another wounded, suspect takes own life, police say
- What do we know about the mysterious drones reported flying over New Jersey?
- Pro-Palestinian protesters enter Brooklyn Museum, unfurl banner as police make arrests
- Oregon defendants without a lawyer must be released from jail, US appeals court says
- Don't take Simone Biles' greatness for granted. We must appreciate what she's (still) doing.
Recommendation
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
Former tech exec admits to fraud involving a scheme to boost Getty Images shares, authorities say
The Top 12 Must-Have Lululemon Gifts for Father's Day 2024
Emotional Lexi Thompson misses the cut in what's likely her final U.S. Women's Open
The White House is cracking down on overdraft fees
Trump may face travel restrictions in some countries after his New York conviction
With his transgender identity public, skier Jay Riccomini finds success on and off the slopes
University of the Arts abruptly announces June 7 closure, vows to help students transfer