Mark Cuban Surprises Mavericks Employees with $35 Million in Bonuses
Mark Cuban, the former majority owner of the NBA's Dallas Mavericks, has surprised team employees by announcing that they will receive over $35 million in bonuses.
Cuban's Surprise Bonus Announcement
Mark Cuban, who recently sold a majority share of the NBA’s Dallas Mavericks franchise, surprised Mavs employees on Friday when he informed them that the team would distribute more than $35 million in bonuses.
In an internal memo obtained by ESPN’s Tim MacMahon, Cuban told team employees that they would each be receiving a bonus as a thank you for their hard work in making the Mavs a successful organization. The bonuses are being funded by Cuban and the Adelson and Dumont families.
Calculating the bonuses based on the employees' length of service with the Mavericks, Cuban assured the recipients that they would receive their bonuses in the near future.
Sale of Majority Stake in Dallas Mavericks
The NBA recently approved the sale of the controlling interest in the Dallas Mavericks from Mark Cuban to the families of Dr. Miriam Adelson and Sivan and Patrick Dumont. The Adelson and Dumont families, who are majority shareholders of Las Vegas Sands, have purchased a majority stake in the NBA franchise.
While the terms of the deal were not disclosed, reports suggest that the transaction valued the Mavericks franchise at around $3.5 billion. However, Cuban will retain partial ownership of the team and will continue to oversee basketball operations.
Both the Adelson and Dumont families expressed their excitement about partnering with Mark Cuban to build upon the Mavericks' success and legacy in Dallas and beyond.
Cuban's Continued Role with the Mavericks
Despite selling a majority share of the franchise, Cuban will maintain a significant role within the Dallas Mavericks organization. He will continue to be involved in the team's operations and will work alongside the Adelson and Dumont families to further strengthen the team's success.
This news comes as a positive surprise for the Mavericks employees, who will not only benefit from the generous bonuses but also from Cuban's continued leadership and involvement in the organization.
Overall, Cuban's gesture and ongoing commitment to the Mavericks demonstrate his dedication to the team and his appreciation for the hard work of the employees in making the organization thrive.
