Current:Home > ScamsMark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale -Keystone Capital Education
Mark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale
View
Date:2025-04-16 23:03:49
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! (883)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Police announce another confirmed sighting of escaped murderer on the run in Pennsylvania
- Scarfing down your food? Here's how to slow down and eat more mindfully
- NFL Sunday Ticket: League worries football fans are confused on DirecTV, YouTube situation
- Tom Holland's New Venture Revealed
- Escaped convict spotted with altered appearance, driving stolen van, police say
- Coco Gauff's maturity, slow-and-steady climb pays off with first Grand Slam title
- Chris Evans and Alba Baptista Marry in Marvel-ous Massachusetts Wedding
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Ashton Kutcher, Mila Kunis address 'pain' caused by Danny Masterson letters: 'We support victims'
Ranking
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Kylie Jenner and Timothée Chalamet Serve PDA at 2023 U.S. Open
- What to know about the Morocco earthquake and the efforts to help
- How the extreme heat is taking a toll on Texas businesses
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Olympic gold-medal figure skater Sarah Hughes decides against run for NY congressional seat
- A US Navy veteran got unexpected help while jailed in Iran. Once released, he repaid the favor
- Emma Stone's 'Poor Things' wins Golden Lion prize at 80th Venice Film Festival
Recommendation
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
NFL Week 1 highlights: Catch up on all the big moments from Sunday's action
Cowboys QB Dak Prescott's new tattoo honors late mom
Tyler Reddick wins in overtime at Kansas Speedway after three-wide move
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Laurel Peltier Took On Multi-Million Dollar Private Energy Companies Scamming Baltimore’s Low-Income Households, One Victim at a Time
Sri Lanka’s president will appoint a committee to probe allegations of complicity in 2019 bombings
Call of Duty: How to fix error code 14515 in Modern Warfare 2