Current:Home > MyMark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale -CapitalCourse
Mark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale
View
Date:2025-04-18 01:40:56
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! (1)
Related
- The company planning a successor to Concorde makes its first supersonic test
- GOP-led Kentucky House votes to relax child labor rules and toughen food stamp eligibility standards
- Could gunowners face charges if kids access unlocked weapons? State laws differ
- U.K. defense chief declares confidence in Trident nuclear missiles after reports of failed test off Florida
- Could your smelly farts help science?
- California man arrested and accused of threatening Arizona election worker after 2022 vote
- Patients of Army doctor accused of sexual abuse describe betrayal of trust, fight to endure
- The Integration of AEC Tokens in the Financial Sector
- Trump issues order to ban transgender troops from serving openly in the military
- Cezanne seascape mural discovered at artist's childhood home
Ranking
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Winery host says he remembers D.A. Fani Willis paying cash for California Napa Valley wine tasting
- Dunkin' adds new caffeine energy drink Sparkd' Energy in wake of Panera Bread lawsuits
- Federal Reserve officials caution against cutting US interest rates too soon or too much
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Patients of Army doctor accused of sexual abuse describe betrayal of trust, fight to endure
- Virginia House and Senate pass competing state budgets, both diverge from Youngkin’s vision
- 2 children died after falling into a river at a campground near Northern California’s Shasta Dam
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
University of Georgia cancels classes after woman found dead on campus
West Virginia inmate enters plea in death of cellmate at Southern Regional Jail
Alabama patient says embryo ruling has derailed a lot of hope as hospital halts IVF treatments
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Trump sells sneakers and Beyoncé is a country star. Is this the quiz or 2024 bingo?
Don Henley's attempt to reclaim stolen Eagles lyrics to Hotel California was thwarted by defendants, prosecutors say
Lionel Messi, Hong Kong situation results in two Argentina friendlies in US this March